The delay between the deduction of the payment amount from the customer's checking account and the time in which that amount is received by the vendor is treated as the collection float.
Option C is the correct answer.
What is meant by collections?
Collections are the amount that has yet to be received by the company from the customers.
When the amount paid by the customer gets deducted from his/her bank account and the same amount earned by the selling party for spending further, then the duration between deduction and its reach to the vendor is considered as a collection float.
Therefore, the collection float represents the time of receiving payment to the vendor with its initial deduction from the customer's account.
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"Connie is a real estate investor who owns an apartment building. She adds the rental income received from her tenants to other income from the coin-operated laundry and parking garages. The sum is her ________."
The sum of all of the income that Connie adds from what she receives is what is called her gross income.
What is gross income?This is the type of income that consists of all of a persons earnings. The gross income is made up of salary and all other earnings received.
The gross income here is the addition of all of Connie's earnings from all of the jobs she did.
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Which method for calculating a credit card balance does not take into
account the purchases made during the current billing cycle but does take
into account the payments made during the current billing cycle?
The method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
What is a billing cycle?It should be noted that a billing cycle simply means the interval from the end of a billing period to another.
In this case, the method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
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Answer:
previous balance method
Explanation:
yw
Project: Know Your Surroundings There are thousands of human services organizations worldwide. These service organizations feed the hungry, help the children of needy families, and strive for world peace. Believe it or not, some of them are working right in the heart of your community. Research (Step 1) (Read all directions before beginning research.) Make a list of ten service organizations, institutions, and agencies in your community. Discover as much information about them as possible by searching the Internet, local newspapers, and the telephone book. If necessary, make telephone calls to individual agencies to ask questions and gather additional information. Include the following information about them on your list: What is the name of the organization? What is its mission statement? Is it nonprofit or for-profit? Does the organization have volunteers? Is it a government agency? If so, is it federally, state, or independently operated? Name its target population(s). What services does it offer? Would you ever consider working for the organization (include why/why not)? At the bottom of each section on your list, make notes on any other information that you think is interesting about each organization. Application (Step 2) (Read all directions before starting application.) Once you have completed your research, think about what kind of human services organization you would want be a part of starting. Think about how you would adhere to the four fundamentals of human services philosophy. Then complete the following checklist: Name your organization. Develop your mission statement. A mission statement is the purpose of your organization summarized in a short paragraph. Use the mission statements from your research as a guide to develop your organization's mission statement. This should be no longer than three to five sentences. Will you start a nonprofit or for-profit organization? Will you employ human services workers, utilize volunteers, or both? What is your target population? What services are you going to provide?
Visual (step 3)
Using poster board, create a visual display for your organization. Use all information developed in step 2. Be creative and have fun.
Some human service organizations are:
The National Organization for Human Services. ...The American Public Human Services Association. ...American Counseling Association, etcWhat is a Mission Statement?This refers to the statement that contains the aims and objectives of a company or business.
Hence, the mission statement of the American Counseling Association is to enhance the quality of life and also to "advance the counseling profession, and using the profession and practice of counseling to promote respect for human dignity and diversity"
Therefore, the other human service organizations are:
Council for Standards in Human Service Education. National Council on Family Relations. Other Organizations of Interest, etc.Read more about mission statements here:
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The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
What is a Motivation?This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
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Shirley’s Hair Salon paid $1,000 toward a bank loan. How will this transaction impact the accounting equation?
Assets decrease and liabilities decrease.
Assets increase and liabilities increase.
Assets increase and owner’s equity increases.
Liabilities decrease and owner’s equity decreases.
Answer:
liabilities decrease and owner's equity decrease
Liabilities decrease and owner’s equity decreases: transaction impact the accounting equation. Thus, option D is the correct option.
Assets decrease by $1,000 (since cash is used to make the payment), and liabilities decrease by $1,000 (since the loan is being paid off). There is no direct impact on the owner's equity in this specific transaction.
It's important to understand that when a liability like a bank loan is paid off, it reduces the company's obligations (liabilities) and also decreases the corresponding amount of cash (an asset). This maintains the balance of the accounting equation: Assets = Liabilities + Owner's Equity.
Thus, option D is the correct option.
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Describe the stage of product design
Answer:
Stage 1: hear from others and listen to feedback
Stage 2: Create new ideas based on that feedback
Stage 3: Create several prototypes and choose one. Then test the prototype
Stage 4: Manufacture the prototype you chose
Explanation:
Answer:
~Senpi boi here!~
I would describe the stage of product design as to create an idea to determine product's feasibility to test the product, and then launch the product for customers to buy.
(Hope this helps!)
An insurance company chartered in another country has been licensed to operate in your state. In your state the insurance company is:
When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.
What is insurance?Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.
A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.
The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.
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Financial managers should primarily strive to: Multiple Choice minimize costs while increasing current dividends. maximize the current profits of the firm. maximize the current value per share of existing stock. maximize current dividends even if doing so adds financial distress costs to the firm. maximize current market share in every market in which the firm participates.
Financial managers should primarily strive to maximize the current value per share of existing stock. Thus the correct answer is c.
What is stock?Stock is referred to as goods that are stored in warehouses and are ready for sale. In terms of company, it is referred to as security provided to shareholders about the participation and ownership in the organization.
The financial managers strive to maximize the current value per share of existing stock because they were selected to promote the interest of current stockholders.
Therefore, option C maximizes the current value per share of existing stock is the correct answer.
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Do believe that entrepreneurs are 'born' and not 'made'? Justify your answer.
Answer:
Entrepreneurs are born and not made.
Explanation:
In order to be an entrepreneur you must have good business ethic and life skills, no one can make you have the mindset and ethic of an entrepreneur only influence on the skills you are already born with.
Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid for reelection in 1844. identify the statements that correctly describe the reactions to the annexation of texas.
Answer:
A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.
Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.
Explanation:
In a letter to President Tyler, Secretary of State John C. Calhoun made a direct connection between the desire to strengthen slavery in the US and the concept of absorbing Texas.
What was annexation of Texas ?Henry Clay and Martin Van Buren, two potential candidates for the presidency, got together and decided against annexing Texas right once because doing so might spark a conflict with Mexico.
In an effort to build a foundation of support from the general public for another four years, U.S. President John Tyler broke away from the other major parties in 1843 and opted to seek the annexation of Texas on his own.
The Tyler-Texas treaty was rejected by the Senate by a strong majority. Tyler lacked the Senate votes necessary to ratify the deal. In June, it lost by a wide margin.
Tyler retried to acquire their ok before leaving the office. This time, he received support from both chambers of Congress for the joint resolution.
Texas was admitted into America on December 29, 1845, thanks to Tyler's success in getting the joint resolution passed by the senate on March 1, 1845.
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Question 15(Multiple Choice Worth 4 points)
(01.09 MC)
Why is creating a budget for an entire year usefu
Most bills are paid annually or only every few months and would be left off a weekly budget.
It can account for irregular expenses like new shoes, so the budget would be more accurate.
O Salaries are paid annually, so the budget should match the timeframe of the paycheck.
O Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
The reason why it is useful to create a yearly budget is that Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
What is a budget?
This can be defined as the estimation of the income that a person has and the expenditures they have over a period of time.
Budgets are useful because they help to match the expenditures such as cars and housing which can nit be taken care of by a weekly budget.
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Answer: Salaries are paid annually, so the budget should match the timeframe of the paycheck.
Explanation:
Looking for $100,000 salary? see how much the biggest u. S. Companies pay workers.
It is a fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
What is an average salary?This refers to the average amount of money that is earned by workers in a particular industry, economy, area,
In 2021, it is a well developed fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
Therefore, the fact is a true statement.
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Suppose you start saving today for a down payment that you plan to make on a condo in 2 years. Assume that you make no deposits into the account after your initial deposit. The account has annual compounding and an APR of 5%. How much would you need to deposit now to reach your goal in 2 years
Based on the amount you need to save and the APR, the amount you need to deposit today is $4,535.15.
What amount should you deposit today?
The amount you need to deposit today is:
Future amount = Amount x (1 + rate) ^ number of years
Solving gives:
5,000 = Amount x (1 + 5%)²
Amount = 5,000 / 1.05²
= $4,535.14
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A manager who follows the transformational leadership model is likely to believe that managers should Multiple Choice withhold information so that employees do not have to worry about problems. coerce employees into adopting a stance consistent with theirs in times of conflict. not go out of their way to support and encourage employees. make employees aware of their needs for personal growth and accomplishment. use coercive powers to extract the best performance from employees.
A manager who follows transformational leadership model is likely of the beliefs that coercive powers can help in extraction of the best performance from the employees.
Who is a manager?A person, by whatever name or title called, who is an expert in looking after and presiding over the control and administration of a business organization, while also reporting to the top level and low level personnel, is known as a manager.
Hence, the significance of a manager is as explained above.
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Daniel Simmons arrived at the following tax information:
Gross salary $ 62,250 Interest earnings $ 75
Dividend income $ 140 Adjustments to income $ 850
Standard deduction $ 12,400
What amount would Daniel report as taxable income?
The net taxable income of Daniel Simmons for the income statement given above will be $50,915.
What is net taxable income?The total amount on which income tax is to be paid by the assessee during a particular financial period is known as the net taxable income of such individual.
Using the given information into the formula below,
Net Taxable Income = Gross Salary+Interests and Dividends earned+Adjustments-Standard Deduction
Net Taxable Income = $(62250+75+140+850-12400)
Net Taxable Income = $50,915
Hence, the net taxable income is as computed above.
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Assume that Widgets, Inc. uses a perpetual specific identification inventory system. During the period, it sold 4 units from beginning inventory, 8 units from the Jan. 5 purchase, and 2 units from the Jan. 29 purchases. Calculate the dollar value of its cost of goods sold for the period.
Based on the inventory system being used and the sales and purchases during the period, the dollar value of the cost of goods sold is $204.
What is the dollar value of the cost of goods sold?The cost of goods sold is:
= Beginning inventory + Purchase on Jan.5 + Purchase on Jan 29
Solving gives:
= (4 x 12 per unit) + (8 x 15 per unit) + (2 x 18 per unit)
= 48 + 120 + 36
= $204
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Labor costs charged to manufacturing overhead represent ______ labor costs.
The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
What are the types of overheads?
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
administrative and manufacturing.Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
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Suppose that Coca-Cola were to divide its market up into segments based on the amount of soda consumers drink (heavy, medium, and occasional soda drinkers). What type of segmentation does this represent
Answer:
Market Segments
Explanation:
Which interest group is an example of a public interest group?.
Answer:
NAACP
Explanation:
An interest group is a group of individuals who have common policy goals and work together to accomplish those goals through the political process. Interest groups seek their objectives in a variety of venues. Interest groups, unlike political parties, do not field their own slate of candidates. Furthermore, interest groups are frequently policy experts, whereas parties are policy generalists. Environmental (Sierra Club), consumer advocacy (Public Citizen), and civil rights organizations are examples of public interest groups (NAACP). Public interest groups, sometimes known as citizen groups, address issues that have nothing to do with the individuals' professions. Public interest organizations have developed since the 1960s to combat government regulation of individual conduct. Despite the fact that public interest groups dominate private interest groups, private interests hire the great majority of lobbyists on Capitol Hill.
14. Over a given year, nominal GDP increased by about 2.5%. Over that year, the GDP deflator decreased by about 4%. From this information (and using our Aggregate Supply and Demand framework for analysis), we infer that over this year, Group of answer choices real GDP decreased, and we had a decrease in Aggregate Supply. real GDP decreased, and we had an increase in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Demand. real GDP increased, and we had a decrease in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Supply.
There are two main method of release planning, fixed scope and fixed date, which do you think works best for product development and why
The fixed scope works best for product development because it has to do with the timelines, milestones, and dates of a project.
What is Release Planning?This refers to the tactical document that is used to track a project and its features for an upcoming release.
Hence, we can see that in product development, the use of both fixed scope and date are essential and the concept that works best in my opinion is the fixed scope because it is more concerned with the predictability and control of the project.
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Is allowance for doubtful accounts a debit or credit.
Answer:
credit
Explanation:
because the allowance for doubtful accounts is a contra asset account
Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued
The answer option which is not an example of an expense account is: E. Accrued.
What is an expense account?An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.
In Business management, some examples of an expense account include the following:
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From which organization can you request free information about your credit score?
the office of the comptroller
equifax
the federal insurance corporation
fico
The organization from which one can request free information about one's credit score is Equifax. Hence, option B. Equifax is correct. Read below on where to get free information on one's credit score.
Where can one get free information about one's credit score?One is provisioned to a free credit information every 12 months from each of the three major consumer reporting companies which are: Equifax, Experian and TransUnion. Hence, the answer (option B) chosen.
Therefore, the correct answer from above is option B. Equifax.
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Answer:
The correct answer is B. Equifax
Explanation:
In your lesson from FLVS, it states that the three recording agencies are: TransUnion, Equifax and Experian.
Equifax is in the answer choice and the other two are not, so Equifax is correct.
In one day, Kessy can bake 10 cookies or mix 15 glasses of lemonade. His friend Ava can make 10 cookies or 10 glasses of lemonade. His other friend, Ian, can make 10 cookies or 20 glasses of lemonade. Who has the lowest opportunity cost in cookie production
Answer:
His other friend, Ian, can make 10 cookies or 20 glasses of lemonade.
Explanation:
Because if you rush through it the cookie my taste off so the price may be lower.
The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west coast of the americas?.
Answer:
The Erie Canal
Explanation:
When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.
Explain the difference between the unadjusted and the adjusted trial balance.
The unadjusted trial balance is used before making all the adjustments and the adjusted trial balance is used while adjusting both the sides of the ledger.
What do you mean by Trial balance?Trial Balance refers to the list of all the general and ledger accounts that are compiled into debit and credit columns that are equal.
The major difference between adjusted and unadjusted trial balances is that an adjusted trial balance is a list of accounts and balances that is prepared after period-end adjustments that are recorded and posted whereas an unadjusted one is a list of balances and accounts prepared before any accounting adjustments have been made.
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Who are the market participants in the foreign exchange market? Explain how each participant contributes to market activities.
The market participants in the foreign exchange market are commercial banks, Foreign exchange brokers, Central bank, MNCs and Individuals and Small businesses.
What is Market?Market is the place where exchange of goods and services takes place in return of the money. Money is the value provided by the buyer to the seller of the product.
The commercial banks provides the deposits of the public as the saving to the people who are need of the money in this way they supply the money in the market.
The Central bank regulates the flow of the money by implementing the monetary policy and keeps in check the inflation rates in the market. All the MNC's and small businesses launches the product in the market and fulfills the need of the customer.
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Answer:Central banks and treasuries: Central banks use their respective nation’s foreign exchange reserves to influence the rate at which their own currency trades in the forex market. Because they absorb losses readily (to protect the value of their currency), they are a unique participant in the forex market.
Foreign exchange brokers: Foreign exchange or forex brokers assist forex dealers with transactions by providing the necessary currencies in case of a shortage of foreign exchange funds. They act as agents to facilitate effective trade transactions, and they charge a fee for their services.
Speculators and arbitragers: Speculators and arbitragers trade in the market for profit. They usually do not serve any clients and trade only for themselves. Arbitragers attempt to generate profit by trading on the differences of several currencies.
Retail customers: Retail customers (such as importers, exporters, multinational firms, and other investors) trade in the forex market through commercial banks. Their trade transactions are usually for investment or commercial purposes.
Foreign exchange dealers: Foreign exchange dealers are the main traders in the forex market. They generate profit by purchasing a currency at a particular bid price, and then reselling it at a higher asking price. They maintain an inventory position in particular currencies and specialize in those currencies.
Explanation:
Edmentum
Adam smith suggests that increased competition will allow prices to be kept ______________________
a
low
b
unmeasurable
c
high
d
none of these
Adam Smith suggests that when there is increase in competition then the prices for the goods will be low. Thus, option a. is correct.
What is the nature of competitive market?The competitive market is the market scenario when there is high level of competition among various companies who produce same category of goods. In this case due to competition the prices of the goods can either go low for attracting more customers.
Thus, the theory of Adam Smith says that when there is increased market competition then the businesses will keep the price low till a level then it can be unmeasurable.
Therefore, option a is correct.
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100 Points! Please responde ASAP!!!
How did Marcus Samuelsson’s race and background impact him (in positive and negative ways) during his career?
Why did Samuelsson immediately appreciate New York City?
What bold decision did Samuelsson make regarding the menu for President Obama’s first state dinner?
In what ways did Samuelsson analyze how to best open his new restaurant, the Red Rooster, and how did this help the area?
Answer:
Who is Marcus Samuelsson’s anyways?