What is the duties of business before transaction?
Answer:
Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.
Explanation:
hope it helps you
What is defined as the human response to overstimulation?
Answer:
In essence, stress is the human body's response to overstress.
Explanation:
During stress, the human body produces the hormone adrenaline, which makes you look for a way out. Stress in small amounts is necessary for everyone, because it makes us think, look for a way out of the problem, and in this case it has a positive value. But on the other hand, if stress becomes too much, the body becomes weaker, loses strength, the ability to solve problems and can cause serious illness.
Answer:
What is the definition of overstimulation?
English Language Learners Definition of overstimulate
: to cause (someone or something) to become too active or excited : to stimulate (someone or something) too much. See the full definition for overstimulate in the English Language Learners Dictionary. More from Merriam-Webster on overstimulate
Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year. The computers do not have any other feature differences from what Next Up currently offers. This effort is an example of using __________ to differentiate a product as new.
Considering the situation described above, this effort is an example of using image differentiation to differentiate a product as new.
Image differentiation is a type of differentiation strategy used by business firms to differentiate their products through communications.
By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of image differentiation.
Thus, when Next Up Computers only changes the cover designs alone, that is a form of image differentiation.
This is type of differentiation is often referred to as Reputation Differentiation.
Other types of differentiation methods include the following:
Product differentiationService differentiationRelationship differentiationDistribution differentiation.Price differentiation.Hence, in this case, it is concluded that the correct answer is "Image Differentiation."
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Which of the following is NOT a duty imposed on partners?
a.
- Disclosure of full information.
b.
- To account for benefits received.
c.
- Good faith.
d.
- Fidelity (where the partner enters a partnership in another, unrelated, industry).
Answer:
to account for benefits received
The following items were selected from among the transactions completed by Sherwood Co. during the current year:
Mar. 1 Purchased merchandise on account from Kirkwood Co., $225,000, terms n/30.
31 Issued a 30-day, 8% note for $225,000 to Kirkwood Co., on account.
Apr. 30 Paid Kirkwood Co. the amount owed on the note of March 31.
Jun. 1 Borrowed $600,000 from Triple Creek Bank, issuing a 45-day, 6% note.
Jul. 1 Purchased tools by issuing a $50,000, 60-day note to Poulin Co., which discounted the note at the rate of 6%.
16 Paid Triple Creek Bank the interest due on the note of June 1 and renewed the loan by issuing a new 30-day, 7% note for $600,000. (Journalize both the debit and credit to the notes payable account.)
Aug. 15 Paid Triple Creek Bank the amount due on the note of July 16.
30 Paid Poulin Co. the amount due on the note of July 1.
Dec. 1 Purchased equipment from Greenwood Co. for $280,000, paying $80,000 cash and issuing a series of ten 9% notes for $20,000 each, coming due at 30-day intervals.
22 Settled a product liability lawsuit with a customer for $40,000, payable in January. Accrued the loss in a litigation claims payable account.
31 Paid the amount due to Greenwood Co. on the first note in the series issued on December 1.
Required:
1. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):
a. Product warranty cost, $65,000.
b. Interest on the nine remaining notes owed to Greenwood Co. Assume a 360-day year.
Completing the recording of the transactions in Sherwood Co. is as follows:
Mar. 1 Debit Inventory $225,000
Credit Accounts Payable (Kirkwood Co.) $225,000
To record the purchase of goods on account, terms n/30.Mar. 31 Debit Accounts Payable (Kirkwood Co.) $225,000
Credit Notes Payable (Kirkwood) $225,000
To record the issuance of a 30-day, 8% note on account.
Apr. 30 Debit Notes Payable (Kirkwood) $225,000
Debit Interest Expense $1,500
Credit Cash $226,500
To record payment on note payable with interest.Jun. 1 Debit Cash $600,000
Credit 6% Notes Payable (Triple Creek Bank) $600,000
To record loan from bank on a 45-day, 6% note.Jul. 1 Debit Equipment $50,000
Credit Notes Payable (Poulin Co.) $50,000
To record purchase of tools with 60-day note.
Jul. 16 Debit Interest Expense $4,500
Credit Cash $4,500
To record the payment of interest expense.Debit 6% Notes Payable (Triple Creek Bank) $600,000
Credit 7% Notes Payable (Triple Creek Bank) $600,000
To record the renewal of notes payable with 7% notes.Aug. 15 Debit 7% Notes Payable (Triple Creek Bank) $600,000
Debit Interest Expense $3,500
Credit Cash $603,500
To record payment on account with interest.Aug. 30 Debit Notes Payable (Poulin Co.) $50,000
Credit Cash $50,000
To record payment on account.Dec. 1 Debit Equipment $280,000
Credit 9% Notes Payable $200,000 (Greenwood Co.)
Credit Cash $80,000
To record the purchase of equipment with notes and cash.
Dec. 22 Debit Litigation Loss $40,000
Credit Litigation Claims Payable $40,000
To record the settlement of a product liability lawsuit.Dec. 31 Debit Notes Payable (Greenwood Co.) $20,000
Debit Interest Expense $1,500
Credit Cash $21,500
To record first payment on account with interest.Adjustments:
a. Debit Product Warranty Expense $65,000
Credit Warranty Liability $65,000
To record product warranty expense.b. Debit Interest Expense $13,500
Credit Interest Payable $13,500
To accrue interest for the nine remaining notes.Data Analysis:
Mar. 1 Inventory $225,000 Accounts Payable (Kirkwood Co.) $225,000 terms n/30.
Mar. 31 Accounts Payable (Kirkwood Co.) $225,000 Notes Payable (Kirkwood) $225,000 30-day, 8% note
Apr. 30 Notes Payable (Kirkwood) $225,000 Interest Expense $1,500 Cash $226,500
Jun. 1 Cash $600,000 6% Notes Payable (Triple Creek Bank) $600,000
a 45-day, 6% note.
Jul. 1 Equipment $50,000 Notes Payable (Poulin Co.) $50,000
60-day note to Poulin Co., which discounted the note at the rate of 6%.
Jul. 16 Interest Expense $4,500 Cash $4,500 7% Notes Payable (Triple Creek Bank) $600,000 6% Notes Payable (Triple Creek Bank) $600,000
Aug. 15 7% Notes Payable (Triple Creek Bank) $600,000 Interest Expense $3,500 Cash $603,500
Aug. 30 Notes Payable (Poulin Co.) $50,000 Cash $50,000
Dec. 1 Equipment $280,000 9% Notes Payable $200,000 (Greenwood Co.) Cash $80,000
Dec. 22 Litigation Loss $40,000 Litigation Claims Payable $40,000
Dec. 31 Notes Payable (Greenwood Co.) $20,000 Interest Expense $1,500 Cash $21,500
Adjustments:
a. Product Warranty Expense $65,000 Warranty Liability $65,000
b. Interest Expense $13,500 Interest Payable $13,500
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On November 1, 2019, Davis Company issued $30,000, six-year, 7% bonds for $29,340. The bonds were dated November 1, 2019, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2020 interest payment was recorded using the straight-line method of amortization
Answer:
29,700 dollars is your answer
Explanation:
Tran, who was born in Vietnam, now lives in Los Angeles. She applies to be a waitress at Hooters. The manager of Hooters restaurant tells her, “Sorry, we rarely hire Asian girls because their breasts are too small and part of the Hooters’ image is waitresses with big breasts”. Does Tran have a valid claim against Hooters under the Civil Rights Act? Explain.
Answer:
No
Explanation:
The are objectifying her based on her body not restricting her freedom of speech or anything like that. PS. Who wrote that question just why why
You are part of a small team that develops your company’s products. Your team is facing competition on the market and time and cost pressures internally. In order to manage these circumstances and encourage innovation, you’ve built a team culture that encourages rapidly testing and iterating upon new ideas. One of your colleagues, however, has struggled with wanting to find the perfect solution before taking action. This caused delays, impacting team performance, and frustration for many team members as they felt held back. Yet, nobody said anything to him. You want to provide him with considered feedback to help him get comfortable with experimentation and risk taking. What will you say to him? How will you give the feedback to highlight his behaviors and encourage a change? Make sure your feedback focuses on the positive: the outcome or impact your colleague will have if he changes his behavior – this will motivate and encourage him!
Answer:
Here.
Explanation:
I would say things like there's a problem with this, lets get together and fix it or this is perfect! Or this is good but we might have some adjustments to make. I would pay attention to every little detail to make this product a success!
The best approach to reach out to the affected worker would beto:
Ask him why he has a problem with finding solutions and taking actionSuggest workable solutions which you and members of the team have used successfullyExplain to him that his indecision is impacting the team work.All these are important when giving considered feedback to the worker so that he knows how his poor performance is affecting members of his team.
Furthermore, by giving him workable solutions he would be forced to implement them and if this still does not work, it would be justified if he is replaced with a more capable worker.
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Amy convenes a meeting to rethink the organizational structure to avoid being beat to the market by a competitor again. Based on your initial impressions of the situation, which solution do you think might be more effective: increase formalization or reduce hierarchy
Amy should reduce hierarchy if she wants to avoid being beaten by competitors.
A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.
The advantages that Amy will achieve by delayering or reducing hierarchy include:
Simplifying the organization's management structuresReducing its bureaucracyCutting its communication pathsSpeeding up decision-makingPushing responsibility down to lower organizational levels (through empowerment).
Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.
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When the price of a normal good rises, the income effect results in ________ in the quantity demanded and the substitution effect results in ________ in the quantity demanded.
In the case of a normal good, the consumer will decrease the consumption of a good when its price rises. This is because both income and substitution effects are unidirectional in this case.
When the price of an inferior good falls, the substitution effect contributes to an increase in the quantity demanded, and the income effect opposes the substitution effect.
Which option helps minimize costs in a project?
O A. adjusting resources
OB. indentifying resources
Oc.
eliminating resources
OD. gathering resources
Answer:
c
Explanation:
po ang tamang sagon po
Most people do not select a place of residence based on: A. lifestyle B. needs C. values. D.attitudes E. credit score
It is generally uncommon for people to decide a place of residence based on E. credit score
When people look for places to stay, they think about their:
Lifestyle and what house it suits that Their needs from a place Their values and whether the place would support them Attitudes towards what kind of place they should livePeople only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.
In conclusion, most people do not select residence based on credit score.
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What are the most important determinants of success in an interview? HELP ASAP ONLY RIGHT ANSWERS
A. Miscellaneous, Responsiveness
B. Responsiveness , Packaging
C. Responsiveness, Experienced
D. Packaging ,Experience
The most important determinants of success in an interview includes Responsiveness, Packaging, Experienced etc
Success in the context refers leaving a good impression to the interviewer and that one is capable to handling the job position applied for.
Some of the determinant that brings success in an interview includes:
Responsiveness: The act of responsiveness, verbal tone speaks much about the job applicant.The packaging means the act of dressing smart.Experienced refers to length of previous work experience possessd by job applicants
Therefore, the Option B, C and D is correct.
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3 advantages of etools it for digital marketing
Answer:
10 Advantages Of Digital Marketing Over Traditional Marketing
Low cost: Marketing and advertising cost is one of the biggest financial burdens that businesses have to bear. ...
Huge return on investment: ...
Easy to measure: ...
Easy to adjust: ...
Brand development: ...
Easy to share: ...
Precise targeting: ...
Global:
The ________ tells managers how much of the overall variance is due to paying a higher or lower price than expected for the quantity of materials it purchased.
When Mexico suffered from capital flight in 1994, Mexico's net capital outflow a. and net exports decreased. b. and net exports increased. c. increased while net exports decreased. d. decreased while net exports increase
Answer:
B. and net exports increased
Explanation:
How should Hollywood movie studios take advantage of these opportunities, while mitigating the threats
Answer:
yes
Explanation:
Mega Corp. has departments for marketing, sales, finance, customer service, human resources, and production. Mega Corp. is organized by
Because the corporation has department for marketing, sales, finance, customer service, human resources, production, then, we can conclude that Mega Corp. is organized by Functional Structure.
The Functional Structure is the type of organizational structure where employees are grouped according to their specialized roles or tasks.
The functional structure is most used type of organizational structures in the modern world.
Therefore, in conclusion, because the corporation has department for marketing, sales, finance, customer service, human resources, production, then, we can conclude that Mega Corp. is organized by Functional Structure.
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In the IRA form of a simple retirement account, employer's can contribute as much as they want into the employee's simple retirement account, even though the employee's contribution is limited to $13,500.
True or False and why. Links verifying this would be appreciated.
Answer:
true and i took the test (:
Explanation:
List any 5 prohibited activities during foreign employment.
Answer:
Some of the things that those who work abroad cannot do are:
1) Vote for a political candidate from that country.
2) Receive benefits from a public health provider.
3) You cannot practice in some cases the profession in which you worked in your native country, until you can obtain the certificate of studies updated to the standards of the country in which you now live.
4) You cannot access, in some cases, bank credit benefits
5) Take some additional type of training until you obtain all the legal and updated permits from the company where you now work.
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Explanation:
I hope this helps!
The following information relates to the acquisition of the assets of Quine Corporation by Armstrong Inc. for Year 5. Fair value of Quine GW, January 1, Year 5 60,000 Fair value of Quine GW, December 31, Year 5 55,000 When the assets were originally purchased by Armstrong on January 1, Year 1, the goodwill of the Quine business was determined to be $100,000 and would last 10 years. During Year 5, Armstrong also spent $36,000 to enhance the brand image of Quine's products and it is expected that the enhancement will have to be done again in four years. What is the amount of expense to be shown on the income statement of Armstrong Inc.
The amount of expense that Armstrong Inc. must show on its income statement is $24,000.
This amount represents the Amortization of the Brand Image Enhancement ($9,000), the Impairment Loss in the Fair Value of the acquired assets ($5,000), and the Goodwill Impairment ($10,000).
Data and Calculations:
Fair value of Quine Corporation on January 1, Year 5 = $60,000
Fair value of Quine Corporation on December 31, Year 5 = $55,000
Goodwill (acquired) on January 1, Year 1 = $100,000
Duration of Goodwill = 10 years
Cost of Brand Image Enhancement in Year 5 = $36,000
Estimated useful life of Brand Image = 4 years
Annual amortization of Brand Image = $9,000 ($36,000/4)
Impairment Loss of Fair Value of Assets = $5,000 ($60,000 - $55,000)
Goodwill Impairment = $10,000 ($100,000/10)
Total expenses = $24,000 ($9,000 + $5,000 + $10,000)
Thus, $24,000 expense will be shown on Armstrong, Inc.'s Income Statement in Year 5.
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Give your opinions on this quote: To win a negotiation, you have to show you're willing to walk away. And the best way to show you're willing to walk away is to walk away (Michael Weston).
Answer:
The quote is pretty much true, and agreeable. If you want to win something, you gotta be able and willing to lose it. And the best way to show you're willing to do something? Do it.
Explanation:
^^
At June 1, 2018 Billy’s Fitness Company purchased new exercise equipment for its facility.
The following information refers to the purchase and installation of this equipment:
• The list price of the equipment was $640,000 less a cash discount of 5%.
Billy’s Fitness Company paid sales taxes of $36,480 at the date of purchase.
• Transportation charges for delivery of the equipment totaled $2,200.
• Costs for installation and test runs to ready the equipment for customer use
amounted to $1,600.
• Normal maintenance costs for the exercise equipment in June 2018 were $875.
Requirement:
For each of the bulleted items above, indicate which items should be included by Billy’s
Fitness Company as a part of the total cost of its Exercise Equipment account. Also briefly
indicate the proper accounting treatment of those items that are not included in the cost of
the Exercise Equipment
An indication of the bulleted items that Billy's Fitness Company should include in the cost of the Exercise Equipment account is as follows:
Equipment's List Price = $608,000
Sales Taxes 36,480
Transportation cost 2,200
Installation and testing 1,600
Total costs $648,280
Thus, the costs of normal maintenance of the equipment in June 2018 should not be included in the Equipment Account but treated as expenses in the income statement.
Data Analysis:
Equipment's list priceless discount = $608,000 ($640,000 x(1 - 5%)
Cash Discount = $32,000 (5% x $640,000)
Sales taxes included = $36,480
Transportation charges = $2,200
Installation and testing costs = $1,600
Maintenance costs =$875
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Credit score is used to determine your financial worth ?
Answer:
Explanation:
I live in Canada.
I have been told that my credit score is quite high. That's because I don't live beyond what I can pay for with this month's paycheck. I don't think anyone would judge my net worth by my credit score. In fact, bank loans won't think of stopping at credit rating. They (in Canada at least) would never think of giving out a loan whose repayment per month exceeded 1/3 of my paycheck.
Maybe I just have a tough bank, but I certainly agree with their policy.
Label each of the statements as either true or false. Each label can be used more than once.
a. Informative advertising can include information about price, quality, and/or availability.
b. When a company spends a lot on advertising it is signaling that it expects that its product will be successful in the marketplace.
c. Advertising as part of the product includes information about price, quality, and availability.
d. Advertising as part of the product is used to persuade us to consume the good or service with little or no information about the product.
It is true that informational advertising can include information about price, quality and availability, as this type of advertising aims to inform the customer about the product's characteristics.
When a company spends a lot on advertising, it is a sign that it expects its product to be successful in the market, as advertising is capable of boosting a product, generating a desire to buy and creating value for the product.
Advertising as part of the product includes information on price, quality and availability and is characterized as informational advertising.
Advertising as part of the product is used to persuade us to consume the good or service with relevant information about the product, so that the consumer knows its features and benefits, and decides to make the purchase.
So the options are:
a. TB. Tc. Td. FLearn more here:
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Compare your results to the industry ratios and describe what NMC should do to improve its position in the market.
Answer:
sorry need points ok.
Explanation:
sorry talaga ha
pero wag kayong magalit
ayaw kasukowag kang magalitnever angrysupposing mr john started business with 1,000,000 report financial 70,000 machineries 50,000 goods 500,000 rentage 200,000 what is the capital of the business? supposing Mr John took away 100,000 for his personal use it is called what? according to business entity capital is called what? according to business entity concept what are the assets of the company
ANSWER:
An accounting transaction is a business activity or event that causes a measurable change in the accounting equation. An exchange of cash for merchandise is a transaction. Merely placing an order for goods is not a recordable transaction because no exchange has taken place. In the coming sections, you will learn more about the different kinds of financial statements accountants generate for businesses.
In the previous section we described specific types of accounts that business activities fall into, namely:
Assets (what it owns)
Liabilities (what it owes to others)
Equity (the difference between assets and liabilities or what it owes to the owners)
These are the building blocks of the basic accounting equation. The accounting equation is:
ASSETS = LIABILITIES + EQUITY
For Example:
A sole proprietorship business owes $12,000 and you, the owner personally invested $100,000 of your own cash into the business. The assets owned by the business will then be calculated as:
$12,000 (what it owes) + $100,000 (what you invested) = $112,000 (what the company has in assets)
A growing trend for regulating natural monoplies is the use of incentive regulation. A) Describe how incentive regulation works to improve efficiency in the market. B) Describe how the company can benefit from incentive regulation. C) Discuss common problems that might exist with incentive regulation.
The government is known to regulate monopolies through Price capping where they reduce price increases.
A. How incentive regulation works to improve efficiency in the market;
Incentive regulation is uses via regulatory tools, price setting regimes along with some self incentives. The efficiency improvement by incentive regulation is done through controllable costs, benchmarking and the setting of performance targets associated with both rewards and penalties.
Incentive regulation is the known way of conducting price level regulation. It also improves efficiency as it hinders or mitigate revenue erosion as it measures both inputs and outputs.
B. How the company can benefit from incentive regulation.
The benefits of the company is that it makes a lot of opportunities available for maximizing earnings via internal efficiency methods such as reduction in both capital and operating expenditures.
C. The common problems that might exist with incentive regulation.
Incentives regulation often brings about a number of challenges, such as;
Holding or maintaining incentives for cost reduction and still adjusting prices to underlying costs. Prices need to be set so that the regulated firm benefits from cost reduction.It makes sure that firms have a good amount of assurance of cost-recovery, while limiting the length for “gold-plating as a result of set out or guaranteed returns on investment. In this way, organizations will only invest if sunk costs can be gotten back via retained cost savings. It makes sure that operators do not jump on quality.Learn more from
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As a company moves a customer through the purchasing process, the percentage of prospects changes. Which stage of the AIDA process has the smallest percentage of prospects associated with it
Considering the situation described above, the stage of the AIDA process that has the smallest percentage of prospects associated with it, "the action stage."
AIDA is a model that is used in marketing to evaluate the process in which consumers go through before making a purchase decision.
The AIDA model is an acronym for Attention, Interest, Desire, and Action.
Of all the different stages in the AIDA, the Action Stage is considered to have the smallest percentage of prospects.
This is because prospective consumers might go through the other stages without actually taking action, which is a purchase.
Hence, in this case, it is concluded that the correct answer is "The action stage."
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Answer:
the correct answer is "The action stage."
Explanation:
A firm has the following sales figures: Year 2011: $2.1 million. Year 2012: $2.3 million. Year 2013 $2.5 million. Year 2014 $2.2 million. Year 2015 $3.1 million. Using the naive approach, determine the forecast for next year's sales. A. $3.2 million. B. $3.1 million. C. $3.4 million. D. $2.5 million
Answer:
3.1 million
Explanation:
naive approach assumes that your projected data point is just your most recent one
because we have 3.1 million last year we assume that it's going to be that this year