A company makes an accounting change in the third quarter of the current year. That change must be applied (1) to the first and second quarters of the year.
Answers
A company makes an accounting change due to the fact that accounting changes are regarded as retrospective, meaning they are applied to all earlier periods that are included in the financial statements, this is the case.
Retrospective application is required for both modifications to accounting principles and adjustments to accounting estimations.
As a result, the modification has to be made to all earlier periods that are shown in the financial statements. The financial statements for the current period then include the cumulative effect of the adjustment.
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Related Questions
A useful way of standardizing financial statements is to choose a ____ and then express each item relative to the _____.
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The most useful way of standardizing financial statements is to choose a _base year,_ and then express each item in the period under review relative to the _amounts____ in the base year.
What are comparative financial statements?
Comparative financial statements compare a particular financial statement with previous statements. Previous financial statements are presented in side-by-side columns with the latest figures. With this, investors are able to track a company's progress over some periods and compare the company's financial results and performance with its industry competitors.
Thus, financial statements can be compared using financial ratios, which express the relationships between the various items within a financial statement, or using a base year.
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Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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What activities can Future Educators Association members participate in? Select two options. Sporting events political rallies conferences research competitions scholarship application.
Answers
Answer:
Explanation:
3,5,6
Answer:
3. Conferences
5. Competitions
6. Scholarship application
Explanation:
Just took the assignment
Hope this helps! :)
Who is Joe Biden's Mother
Answers
Answer:
Catherine Eugenia Finnegan
Explanation:
Answer:
Catherine Eugenia Finnegan
Explanation:
hope this helps
which organization was designed to keep prices steady, fight inflation and ration foods
Answers
Who is the individual accountable for credible cost schedule and performance reporting to the mda?
Answers
The program manager is the individual who is responsible or accountable for the credible cost schedule and performance reporting to the MDA.
Given that the individual is accountable for credible cost schedule and performance reporting to the MDA.
We are required to give the name of the position of the individual who is accountable for credible cost schdule and performance reporting to the MDA.
The Program Manager is basically the designated individual with responsibility for and authority to accomplish program objectives for development, production, and sustainment to meet the user's operational needs. The program manager shall be accountable for credible cost, schedule, and performance reporting to the MDA.
Hence the program manager is the individual who is responsible or accountable for the credible cost schedule and performance reporting to the MDA.
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the logistics process of recycling or disposing of returns from customers or from resellers is known as
Answers
The logistics process of recycling or disposing of returns from customers or from resellers is known as reverse logistics.
What is the reverse logistics process?Reverse logistics, as it is commonly known, is the movement of commodities away from their usual final location in order to increase their value or ensure correct disposal. The management and sale of excess inventory or raw materials, as well as the delivery of rented machinery, equipment, and other hardware back to the leasing company, are all included in reverse logistics. Another name for it is returned.
Every e-commerce fulfillment operation needs management to be successful. An order's return procedure is known as reverse logistics. Moving the product back to its place of origin once it leaves the client is known as this process. Reverse logistics, in essence, is the handling or process of an item after the initial sale.
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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
An innovative business idea that no one has never had
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An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
true or false: stockholders do not have the power to bind the corporation to contracts. this is referred to as lack of mutual agency. true false question. true false
Answers
Only partnerships where the partners are allowed to conduct business under the partnership's name exhibit this characteristic.
Because the corporation acts via its officials and management, which serve as its agents, a stockholder is said to lack mutual agency. Since the stockholders are not the corporation's officials or managers, they lack the authority to bind the company to agreements. Therefore, the claim that stockholders lack the authority to bind the corporation to contracts is true. The inability of shareholders to sign contracts or make business commitments on the company's behalf serves as the best example of the lack of mutual agency in corporations. The agency theory holds that businesses represent the interests of their shareholders. In other words, by purchasing stock in a firm, investors entrust the management of their funds to the company's directors and executives.
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one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
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The statement one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user is True.
What is market segmentation?Market segmentation can be defined as the way of separating the market into different segment or group. Example of market segmentation is putting customers that share similar or the same features into the same group
The statement is true because a company can tend to divide a market based on whether a person is a consumer on a business user.
Therefore the statement is true.
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The complete question is :
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user. True/False
Which of the following is NOT one of the five basic functions of an
accounting department?
A. Sales
B. Accounts receivable
C. Financial controls
D. Financial reporting
Answers
Sales is NOT one of the five basic functions of an accounting department
What is accounting department?The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company. It is part of the corporate overhead group of an organization.
An accounting department provides accounting services and manages the finances of a company.
There are five basic roles or functions within the accounting department:
Accounts receivable Accounts payable Payroll Financial controls Financial reportingTherefore, sales is not one of the basic functions of an accounting department.
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1. Daisy’s Donuts needs your help in calculating their break-even point. They pay $3000 in rent and $2000 in other fixed costs per month. The cost to make each donut is $0.10. Daisy sells her donuts for $0.50 each.
a. How many donuts must Daisy sell to break even each month?
b. What is Daisy’s profit margin?
Andy’s car wash washed 2000 cars in June. The cost of water, soap, and hydro to wash each car are $2.00. Andy charges $5.00 for each car wash. His total fixed costs are $9000.
c. Did Andy break even in June? How do you know?
Bep = fixe9000/5-2
= 9000/3
= 3000 cars
d. How much profit or loss did he have for the month?
2. May purchases scarves for $30 and sell them for $100.
a. What is her profit margin?
b. What is her markup?
c. If she discounted the scarves by 10%, what would the new price be?
Stylogel wants to price a new style of the pen for the retail market. Its fixed costs will be $500 000 per year. It is examining three price points to the retailer: $1, $2.50, and $5, with a manufacturer’s suggested retail price of $2, $5, and $10 respectively. The variable costs of the pens depend on the price point. The $1 pen has variable costs of $.25 because it has little packaging and is made of basic materials. The $2.50 pen has little packaging as well, but the materials are of better quality, so its variable costs are $.50. The $5 pen is made of metal and comes in a gift box; therefore, its variable costs are $2 per pen. Advise Stylogel as to the price it should select.
You have decided to start up your own business for the summer rather than getting a summer job. A business contact that you know can supply you with Nike “knock-off” hooded sweaters at $10 each. The sweaters look the same and are of similar quality to true Nile sweaters that retail in other stores for $60 each. The “knock-off” sweaters have the brand name “Nik” and a swoosh logo very similar to the Nike sweaters.
You go and visit your local shopping mall and find out that there are two possible Kiosk locations that you can rent for July and August. The Kiosk that rents for $500 per week is located at the far end of the mall behind the food court. You note that there is not much shopper traffic in this area as most shoppers just grab something to eat and return to the main mall. The other Kiosk rents for $1000 a week and is located right in the middle of the mall, in front of a store that sells Nike sweaters. Both locations have additional utility costs of $250 per week.
You are going to hire a sales associate to run the Kiosk since you rather be playing golf during the summer. You calculate that this helper will work 35 hours per week. The going rate for sales associates in the mall is $10 per hour and 10% commission of the sales they make. You notice that there are several stores in the mall with “sales help wanted” signs.
Answer the following questions:
Determine all the fixed costs. These are the costs (expenses that remain the same irrespective of how much you sell.
How much would you pay your employee? Give at least 2 reasons for your choice.
What is the relationship between the selling price and demand for the sweaters?
What else, other than price affects the demand for the sweaters? Indicate at least 2 different strategies that you can try to increase the demand for your sweater.
Establish a selling price. Give at least 2 reasons for your choice.
What are your variable costs (expenses that are directly related to how much you sell – the more you sell the higher they are)?
Based on your selling price, what is your profit per sweater sold (how much do you make for every sweater sold?
Determine how many sweaters you have to sell before you start making money (to cover all your fixed and variable costs).
Your golf membership and pay fees for the summer are $6,000. How many sweaters are you going to have to sell to make sure that you make enough profit so that you can play all summer?
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Answer:
I think the first one is 6000. Im not sure about the others though
Explanation:
I hope this helped!
the graph shows the demand curve and marginal revenue curve of , inc., a producer of in monopolistic competition.
Answers
The graph represents the demand curve and marginal revenue curve of a company that operates in a monopolistic competition market. In this market, the company has some control over the price of its product because it can differentiate its product from its competitors.
The demand curve shows the relationship between the price of the product and the quantity of the product that consumers are willing to buy. The marginal revenue curve represents the change in revenue that results from a change in the quantity of the product sold. The company in this graph can increase its revenue by producing and selling more units of its product. However, it must also consider the price it charges, as increasing the price will decrease the quantity sold and therefore decrease the revenue. The graph provides insights into the company's pricing strategy and helps it make informed decisions to maximize profits.
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Ell us about a time when your attention to detail was critical in preventing a major issue/error
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Tell us about an error instance when your focus on detail was essential in avoiding a significant way is troubleshooting error.
The capacity to concentrate on a particular job while carefully considering and attending to all of its important features might be characterized as attention to detail. An illustration of paying attention to detail is finding and fixing any typos or grammatical problems in an email before sending it.
When describing anything that is more substantial, serious, or crucial than other elements within a group or circumstance, you use the word major. If the situation is casual, use the word "issue." You may use the word "issue" while discussing a political matter or a topic for a discussion. if the circumstance is official.
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Correct Question:
Tell us about a time when your attention to detail was critical in preventing a major issue/error.
Hypothesis Testing Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. Housing for their workforce is a major consideration in which city they will locate. The business has narrowed its search to three cities: Allen, Plano, and Wylie. The organization has asked you to provide a data analysis of the housing market in these cities. Download the Collin Central Appraisal District data set (found here ↓ ), which includes a sample of homes in the three cities built since 2011 . Create a report that uses confidence intervals to compare home prices between the two cities you selected for Part 1 of the project. The report should include the confidence intervals, hypothesis, statistical tables, and full write-up interpreting the analysis. The following steps should be completed for your analysis. 1. Review the descriptive statistics provided in Part 1. 2. Based on the data set and the information we have, which test confidence interval should be used, a z or a t interval? Why? 3. Develop a 95% confidence interval estimate of the population mean of the market value of homes in each of the two cities. 4. What is a reasonable offer prospective buyers should make for homes in each of the cities? Briefly provide your reasoning based on the analysis. 5. Develop a 95% confidence interval estimate of the population mean of living area in each of the two cities. 6. Which city will provide more options for large families? Briefly provide your reasoning based on the analysis. 7. Create a hypothesis that compares the average market value of homes in the two cities. Provide your reasoning based on the descriptive statistics and the confidence intervals created in step 3 . 8. Based on the data set and the information we have, which test statistic should be used, a z or a t test? Why? 9. Conduct a hypothesis test to determine if there is evidence to support your hypothesis at the 95% confidence: level. 10. Interpret the results of your hypothesis. Deliverable - a typed, 12-point, double-spaced Word document containing the following: 1. Executive Summary summarizing key findings and preparing the reader for the supporting analyils. Includes explanation of dataset and main results, conclusions or recommendations from the report. Part 1: Descriptive Statistics Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. Housing for their workforce is a major consideration for the city they
Answers
The appropriate test for confidence intervals in this analysis is the t interval because the population standard deviation is unknown.
Why is the t interval used instead of the z interval?The t interval is used because the population standard deviation is unknown in this case.
When the population standard deviation is unknown and the sample size is small (typically less than 30), the t-distribution is used instead of the standard normal (z) distribution.
The t-distribution takes into account the uncertainty associated with estimating the population standard deviation based on the sample.
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use the marketing mix chart or the 4 P's of marketing and explain a current car or musician and write four sentences are more describing each of four p's
Answers
Answer:
The product is a car, the BMW X1
Explanation:
Product: BMW X1, a sports car that is a compact four door SUV, that can go from 0 to 60 mph in 6 seconds.
Price: the starting price of this model $35,400. It is not a cheap car, but it is one of the cheapest models that BMW has to offer.
Place: the car can be evaluated, and bought through BMW's website, although most customers will obviously prefer to buy it in person, in order to test drive. For this reason, the car is sold at most BMW dealerships.
Promotion: this is a car for the upper-middle class, so advertisements tend to cater to that specific demographic group.
Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply
buying music from a store.
Which statement describes an economic impact of this technological advance?
A)
Consumer demand for compact discs has increased.
B)
Consumer demand for compact discs has decreased.
The efficiency of downloading music has decreased.
D)
The number of stand alone music stores has increased
Answers
A company reports sales of $10,000,000, income of $2,000,000, and average assets of $25,000,000. Return on investment equals:
Answers
Return on investment for the company equals 8%
What is Return on investment(NOI)?Return on investment (ROI) is used to measure the capacity of an investment, or to compare it among other investments.
The basic formula for ROI
= Net Income / Total Assets * 100
= $2,000,000 / $25,000,000 * 100
= 0.08 * 100
= 8%
Hence, Return on investment for the company equals 8%
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The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for college educations. Illustrate and label on the graph any shifts in supply or demand. Your labels should include D1, D2, S1, S2, E1, E2, and E3.
Answers
When the birthrate in the US increases, there would be an increase in the demand for college education. The demand curve would shift to the right.
What would happen in birth rate increase?When birth rate increases, there would be more children in the country. This would lead to more people needing college education. As a result, the demand for college education increases and this would shift the demand curve to the right.
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what
has a clock hint hes behind you
Answers
Answer:
GOD?
Explanation:
Paragraph 1 – Make a claim about the positive role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 2 – Make a claim about the negative role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 3 – Choose a side. Based on the evidence, which perspective do you agree with more? Write a paragraph to identify your position. Use evidence to explain your choice.
Answers
A positive role of the Federal Reserve in serving the U.S. economy is controlling inflation.
A negative role of the Federal Reserve is increasing interest rates.
Based on both these roles, and all else being equal, the Federal Reserve can be said to have a positive role.
What does the Federal Reserve do for the economy?The Federal Reserve has the positive role of controlling inflation in the economy. To do this, they engage in monetary policy such as raising interest rates which leads to less borrowing and less spending which leads to less inflation. This is good because it keeps the cost of living stable.
The Federal Reserve however hurts the economy when they raise rates because people would have to pay higher for loans which can make investment difficult.
The importance of maintaining a stable cost of living means that on the balance of these two roles, the Federal Reserve has a more positive role.
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Regarding conflicts of interest, what is a "principal" and what is an "agent"? Can you give an example?
Answers
A principal is an individual or party with the authority to delegate work or responsibilities to another party, known as an agent.
The trust between the principal and the agent is the foundation of their working relationship. The principal is expected to act in the agent's best interest, and the agent is likely to act in the principal's best interest.
The primary is the party that has ultimate authority and influence over the agent in a situation involving a conflict of interest. An illustration would be a business appointing a CEO to oversee operations.
As the company has the power to assign duties or responsibilities to the CEO, who subsequently completes them on the company's behalf, the company is the principal and the CEO is the agent.
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All of the following are ways of terminating a contract EXCEPT:
A) ratification.
B) agreement.
C) impossibility of performance.
D) performance.
Answers
All of the options given in the question are ways of terminating a contract except for option B, which is "agreement". Let's take a closer look at each of the other options.
A) Ratification: Ratification refers to the act of approving or accepting a contract that was previously unauthorized. For example, if a contract was signed by someone who did not have the authority to do so, but later the authorized person approves it, then the contract becomes valid. Ratification can also terminate a contract if it is used to cancel the original contract. C) Impossibility of performance: This occurs when it becomes impossible to perform a contract due to unforeseen events that were not accounted for at the time of the contract's formation. For example, if a contract was made to deliver goods by a certain date, but a natural disaster prevents the goods from being delivered, then the contract may be terminated due to the impossibility of performance. D) Performance: This is the most common way of terminating a contract. If both parties have fulfilled their obligations under the contract, then the contract is considered complete and terminated.
In conclusion, the correct answer to the question is B) agreement. All of the other options are ways of terminating a contract. It is important to understand the different ways in which a contract can be terminated to avoid any legal disputes. It is also important to seek legal advice before terminating a contract to ensure that all obligations are fulfilled and no legal consequences arise.
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True or false:
Global marketing strategies are essential for 21st century businesses.
Answers
Answer:
true
Explanation:
Its an easier way to get your cash
:)
What do you think the future trend of women's involvement in
marketing and executive level careers will be?
Answers
Future trend of women's involvement in marketing and executive level careers:
1. Increasing representation of women in leadership positions.
2. on diversity and inclusion.
3. Advancement in closing the gender pay gap.
4. Continued efforts to break gender stereotypes and biases.
5. Greater support for work-life balance and flexible work arrangements.
The future trend of women's involvement in marketing and executive level careers is expected to witness positive developments. Firstly, there will likely be an increasing representation of women in leadership positions. Organizations are recognizing the value of diverse perspectives and the benefits of gender-balanced leadership teams.
Furthermore, there will be a growing emphasis on diversity and inclusion, with companies actively working to create inclusive environments that support the advancement of women. This includes implementing policies and initiatives to ensure equal opportunities for career growth and development.
Efforts to close the gender pay gap are also expected to continue. As awareness grows, organizations are striving to address pay disparities and ensure equitable compensation for women in marketing and executive roles.
Breaking gender stereotypes and biases will remain an important focus. Society's perception of women's capabilities in leadership positions is changing, and organizations are challenging traditional norms to promote gender equality and recognize individual merit.
Additionally, there will be greater support for work-life balance and flexible work arrangements. Recognizing the importance of work-life integration, companies are adopting policies and practices that enable women to succeed in their careers while maintaining personal well-being and family responsibilities.
Overall, the future trend indicates a positive shift towards increased opportunities, recognition, and support for women's involvement in marketing and executive level careers, fostering a more diverse and inclusive professional landscape.
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What is the main advantage of having a skill set with a high market value?
A. Workers are more productive per hour using those skills.
B. Employers are willing to pay more for those skills.
C. Worker organizations have a major need for those skills.
D. There are fewer regulations restricting those skills.
Answers
How impactful was late shipments on customer questions?
Answers
There is some impact on customer questions due to delay in shipments.
As can be seen from the data that percentage shipped on time has been falling month on month (though) at a declining rate. This definitely would have caused some concerns in the minds of consumers leading to higher customer questions. However the customer questions have been rising month on moth (increasing trend) while shipments have been delayed at declining rate, which points to the fact that there are other reasons too for rising customer questions.
According to the study, 69% of consumers "are least interested in shopping with such a retailer in the future" due to shipping errors on customer questions.
For instances like when a purchased item is not delivered two days after the promised date.
Transporting Mistake
It alludes to any kind of mix-ups which are in the shipment details, that incorporate, distribution center mistake with practically no impediment,, picking blunder, , overage, naming blunder, any Item lack, harm ,requesting blunder.
Chargebacks are one of the many consequences of shipping errors. Other consequences includeclients ends up being MiserableBombed conveyances equivalent additional fuel and driver finance.Returns on products equal additional operating expenses.Concerns from customers about the productCustomers have negative perceptions of the business.since when they shop online, customers always expect perfection. Throughout this process, the business frequently fails to satisfy customers.To know more about shipments visit
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80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answers
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest, compounded daily. To the nearest cent, how much is in the account at the end of three non-leap years?
Answers
Answer:
=$1,551.255
Explanation:
The amount can be calculates using the formula
A = p x ( 1 + r) ^n
Where A = Amount
P= principal: $1500
r=1.12% or 0.0112 per year. Dairy interest rate = 0.0112/365
n = 365 days x 3 = 1095
A= 1500 x( 1 + 0.0112/365)^1095
A =$1500 x ( 1.00003068493)^1095
A =$1500 x 1.034170
A =$1,551.255