The effect of adjusting the inventory to net realizable value would be a decrease in the value of inventory on the balance sheet and a corresponding decrease in the company's net income on the income statement.
This adjustment is necessary because inventory should be reported at the lower of cost or net realizable value, which means that if the net realizable value is less than the cost, the inventory should be written down to the lower value.
In this case, the adjustment would result in a decrease in inventory of $70,000 ($300,000 - $230,000) and a decrease in net income by the same amount.
This adjustment may also affect the company's financial ratios, such as the current ratio and the gross profit margin, which could impact how investors and creditors view the company's financial health.
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From the perspective of the united states, the process of foreign companies transferring tasks and jobs to u.s. companies is called:________
From the perspective of the United States, the process of foreign companies transferring tasks and jobs to u.s. companies is called in sourcing. Thus, option (e) is correct.
What is jobs?
A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working.
The foreign companies are the ones transferring the tasks, and the job is called in sourcing. In sourcing, the term refers to the person involved, the specialist for filling temporary needs. The company provided the training to effectively complete the task.
As a result, the foreign companies transferring tasks and jobs to u.s. companies is called in sourcing. Therefore, option (e) is correct.
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Your question is incomplete, but most probably the full question was.
Importingfactoringbenchmarkingdumpingin sourcingDr. Jones is filing for board certification in gastroenterology and has requested a report of all of the endoscopic procedures she performed last year from the manager of the HIM department. Is Dr. Jones considered a customer of the HIM department? If so, is she an internal or external customer? Explain your reasoning
Dr. Jones is considered a customer of the HIM department, and whether she is an internal or external customer depends on the organizational structure and context of the healthcare facility.
How is Dr. Jones considered a internal or external customer?Dr. Jones can be considered a internal or external customer of the HIM (Health Information Management) department. However, whether she is an internal or external customer depends on the organizational structure and context of the healthcare facility.
Internal customers typically refer to individuals or departments within the same organization who receive services or support from another department within the organization. In this case, if the HIM department and Dr. Jones both belong to the same healthcare organization, Dr. Jones would be considered an internal customer.
The HIM department provides services to support the healthcare activities of the organization, including maintaining and managing health records, which are essential for various purposes, such as patient care, billing, and quality assurance. Therefore, Dr. Jones, as a physician within the organization, relies on the HIM department to provide accurate and timely records and reports.
On the other hand, if Dr. Jones is an independent practitioner or works for a separate healthcare organization that has a contractual relationship with the HIM department, she would be considered an external customer. In this scenario, the HIM department provides services to external entities, and Dr. Jones would be one of their customers requesting records and reports for her own practice or for the purpose of board certification.
Ultimately, the determination of Dr. Jones as an internal or external customer of the HIM department depends on the specific organizational context and relationship between Dr. Jones and the healthcare facility.
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NEED HELP!
-The single country with the world's largest GDP is______.
-The member countries of the European Union have about the same GDP as_____.
-Together, these four countries and the European Union have ______ half of the world's total GDP.
.
Answer:
The single country with the world's largest GDP is the US.The member countries of the European Union have about the same GDP as the US.Together, these four countries and the European Union have more than half of the world's total GDP.✿---✿--❀---❀---✿---✿
hope it helps...
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with reference to relevant legislation , case law, and secondary sources briefly explain different functions of taxation
Answer:
Tax is a statutory obligation to pay an amount to the state or other public body, which is imposed on a person or company on the basis of their activities, without a direct connection to consideration from the payee. The main purpose is usually to finance the public sector. The tax can also have other purposes, such as equalizing income or influencing people's actions with the help of financial incentives.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
Example of derivative securities isA. return backed securityB. mortgage backed securityC. cash flow backed securityD. interest backed security
Mortgage-backed securities are an example of derivative securities. A derivative security is a financial instrument whose value is determined by another asset's value. Futures, forwards, options, and swaps are the four primary forms of derivatives.
Derivatives (also known as derivative assets or contingent claims) are securities whose value is determined by an underlying asset or benchmark (also known as the underlying) — another security, commodity, or some benchmark, such as a specific interest rate or the value of a financial index at a specified time. Derivatives are a sort of structured product that is based on a contract and involves the structuring of an asset or combination of assets to offer an investment or hedge with a risk and return profile that would otherwise be unavailable with simpler assets. Primitive securities are based on real assets or payments made by the issuer. Stocks, for example, reflect an ownership interest in a firm, but bonds are valued mostly on what the issuer promises to pay.
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The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. Using the M1 measure of money, you have
Using the M1 measure of money, you have $300 money
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socioeconomic context as payment for goods and services and repayment of debts, such as taxes.
Money is defined as any good that is widely used and accepted in transactions involving the exchange of goods and services from one person to another. Economists distinguish three types of money: commodity money, fiat money, and bank money.
Economists distinguish four types of money: commercial money, fiduciary money, fiat money, and commodity money.
Money is derived from the Latin word moneta, which means "coin," via the French monnaie. The Latin word is thought to have originated from a Juno temple on Capitoline, one of Rome's seven hills.
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An organization must prepare ______ and bylaws when forming a corporation. Reason: An organization must prepare articles of incorporation and bylaws when forming a corporation.
An organization must prepare articles of incorporation and bylaws when forming a corporation. These are the essential documents required by the state in which the corporation is being formed to create a legal entity. The articles of incorporation is a document that defines the company's structure and purpose and provides essential information on how it will be governed and the nature of its relationship with shareholders and other parties.
The articles of incorporation typically include the company's name, the nature of the company's business, the company's registered agent, the duration of the company's existence, and the amount of capital that will be authorized. Additionally, the articles of incorporation will specify the number of shares authorized, the par value of each share, and the type of shares that will be issued.
On the other hand, the bylaws are a set of rules that govern the corporation's internal affairs. These rules detail how the corporation is to be run, including the roles and responsibilities of the board of directors and officers, the procedures for shareholder meetings, and how business decisions will be made.
The bylaws are a contract between the corporation and its shareholders, and they are subject to change by the board of directors or shareholders as needed. Both articles of incorporation and bylaws are essential documents when forming a corporation. Therefore, it is crucial to prepare them carefully and ensure that they are accurate to avoid any legal issues that may arise later.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
A person who needs a car for a few weeks while visiting family out of state
would most likely choose to do which of the following?
A. Finance a car
B. Rent a car
C. Lease a car
D. Join a carpool
Answer:
B. Rent a car or A car rental
Explanation:
Got the quiz question correct!
What is not a career cluster
Answer: A pathway?
Explanation: Pathways aren't career clusters because they branch off of career clusters. Examples of pathways include but aren't limited to interior designers, chefs, photographers, etc. Career clusters include Finance, Health Science, etc, and have many possible career options.
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Answer: It is B. AlA
Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.
how a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship?
The commitment to a decision could assist the schooler leaver to adapt to the change of entrepreneurship by enabling them to remain focused.
What is entrepreneurship?Entrepreneurship refers to the ownership of a business. The entrepreneur is an innovative and insightful person who starts a business to enjoy the advantages accruing from entrepreneurship, including independence.
Thus, the entrepreneur, who wants to reap the profits after bearing some risks, needs to remain focused.
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Which allows college students to work part-time jobs to help pay for education expenses? A. School-to-Work Study Program B. Perkins Work-Study Program C. Federal Work-Study Program D. Stafford Work-Study Program
Answer:
te answer is C
Explanation:
Federal Work-Study Program allows college students to work part-time jobs to help pay for education expenses. Therefore, option C is correct.
What is Federal Work-Study Program?The Federal Work-Study Program is a federally-funded program in the United States that provides part-time employment opportunities for undergraduate and graduate students who have financial need. The program is designed to help students earn money to pay for educational expenses, such as tuition, fees, books, and other living expenses.
The program is administered by the U.S. Department of Education and provides funding to participating institutions to pay a portion of the wages for eligible students who work on or off campus. The program encourages community service work and work related to the student's course of study whenever possible.
To participate in the Federal Work-Study Program, students must complete the Free Application for Federal Student Aid (FAFSA) and meet certain eligibility criteria.
The program is available to both full-time and part-time students, and the amount of money a student can earn through the program is determined by financial need, the amount of funding the school receives for the program, and the student's availability to work.
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Question 4
Before you start making donations to not-for-profits you should write up a
business plan, give yourself a company name, and hire employees.
True.
False
Answer:
false
Explanation:
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and:__________
a. the rapid development of the Internet's capabilities.
b. extensive use of outsourcing within the borders of the United States.
c. the declining number of inventions and patents developed by U.S. citizens.
d. the simultaneous erosion of the U.S. work ethic and the U.S. education system.
Answer:
a. the rapid development of the Internet's capabilities.
Explanation:
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.
Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.
Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.
Explain how the forms of demand supply will eliminate a market surplus
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
Solo podrá vender lo que las personas están dispuestas a comprar a ese precio. De esta forma, si el precio que pone es muy alto, venderá pocas unidades mientras que si es bajo, venderá más unidades.
This question is incomplete, and I couldn't find its missing part online, but I can still assume that what you are giving is a definition and you need to find what it refers to.
Answer:
This definition refers to a monopoly.
Explanation:
A monopoly is a form of market where there is only one company that offers a product or service.
When this happens, only one company can offer this product or service since it has no close competition. This means that consumers who want said product or service can only go to this company and submit to the prices that it may impose.
The established price could be very high, but this could produce a low number of purchases by consumers. While if the price is low, consumers will be more.
THIS IS FOR ECON!!
Which of the following is a benefit of using financial investment to raise financial capital? (1 point)
OIt is accessible to start-ups.
OIt is the most straightforward approach.
O There is an impact on the ownership of the firm.
There is added pressure for the business to succeed.
Answer:
It is accessible to start-ups.
Explanation:
took the test
One of the benefits of financial investment to financial capital is that it is accessible to start-ups (the first option).
What is financial capital?Financial capital is described as a form of funding that allows the building of assets, or wealth, for businesses or individuals. It is important to mention that financial capital includes credit and money, which are used to purchase materials, assets, or equipment.
Financial investments include the different forms of financing options available for a business or a start-up. The different types of funding options available for a startup include debt financing, equity financing, and grants. The major benefit is that all these sorts of financial investments are available for a start-up to grow.
It can be concluded that one of the benefits of financial investment to financial capital is that it is accessible to start-ups (the first option).
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Daniel created a trust intending to assist his children with their college expenses. It can be said that Daniel is a(n) _____.
a.executor b.settlor c.beneficiary d.executrix e.legatee
Daniel created a trust intending to assist his children with their college expenses. It can be said that Daniel is a settlor.
Settlor is the most appropriate term to fill in the blank " Daniel created a trust intending to assist his children with their college expenses. It can be said that Daniel is a(n) ____."When creating a trust, a person who is responsible for creating a trust, providing the trust property, and arranging for a trustee to manage the trust property is known as the settlor.
A trust is a legal structure in which on individual, the trustee, holds property on behalf of another individual, the beneficiary, according to the terms of the trust.The beneficiaries of a trust are the persons or entities who receive benefits from the trust. The executor or executrix is a person or entity responsible for administering the deceased person's estate. A legaatee is a person who is named in a will to receive a specific item or amount of money from the deceased person's estate.
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Billy's balloon factory (bbf) enters into a sales contract with a new customer involving a significant financing component. delivery occurs at the date of the contract inception. however, payment of the contract price of $620,000 will not occur until three years later. the interest rate charged in similar arrangements in the industry is 10%. what amount should bbf record as sales revenue and notes receivable?
BBF should record the full contract price of $620,000 as sales revenue at the inception of the contract.
BBF ought to record the full agreement cost of $620,000 as deals income at the commencement of the agreement. The way that installment won't be made until three years after the fact doesn't influence how much income that is perceived.
BBF ought to likewise record a notes receivable for the sum that the client has consented to pay from here on out, which for this situation is $620,000. The notes receivable addresses the sum that BBF is owed by the client and is a non-interest bearing obligation until the installment is made.
Assuming BBF charges the business standard loan cost of 10% on the notes receivable, then the client will be expected to pay an extra $62,000 in interest over the long term period. This premium pay ought to be perceived by BBF as it builds over the long term period.
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how does the law of diminishing marginal utility relate to changing income? group of answer choices the marginal benefit of an extra dollar of income rises as income rises. the marginal benefit of an extra dollar of income falls as income rises. the total utility gained from a small income is higher than the total utility gained from a high income. the total utility gained from a high income is lower than the total utility gained from a low income.
The law of diminishing marginal utility refers to the decrease in satisfaction or usefulness that a consumer derives from consuming an additional unit of a good or service.
In terms of changing income, the marginal benefit of an extra dollar of income falls as income rises. This means that as a person's income increases, the satisfaction gained from each additional dollar earned decreases.
For example, a person making $10,000 a year may gain a lot of satisfaction from earning an extra $1,000, as it can significantly improve their quality of life. However, a person making $100,000 a year may not experience the same level of satisfaction from earning an additional $1,000, as it is a relatively small percentage of their overall income. Therefore, the law of diminishing marginal utility suggests that as income rises, the utility gained from each additional dollar earned decreases.
The Law of Diminishing Marginal Utility relates to changing income in the following way: the marginal benefit of an extra dollar of income falls as income rises. This concept states that as a person gains more income, the additional satisfaction or utility they receive from each additional dollar gradually diminishes. In other words, the more income one has, the less value an extra dollar holds for them.
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Percentage paid to a lender for the use of borrowed money, or the percentage earned on invested principal.
The amount that lenders demand from borrowers in the form of interest is expressed as a percentage of the principal. It also includes any bank account earnings.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organisation makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest. Interest is frequently linked to credit cards, mortgages, auto loans, personal loans, savings accounts, or fines. The macroeconomic policies set by the Federal Reserve's Federal funds rate heavily influence interest rates.
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3. Who was the first customer of mcdonald's and what was ordered?
Answer:
The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.
Explanation:
Budgeting is the __________ based on a determined structure.
Budgeting is the process based on a determined structure.
What is the concept of budgeting?
Budgeting is a financial planning process that involves setting goals and creating a plan to achieve those goals. It involves developing a spending and saving plan that works within the framework of a person’s or organization’s financial resources. Budgeting is an effective tool for individuals and businesses to manage their finances. It allows them to track and monitor their income and expenses, and allocate funds appropriately. It also helps to identify areas where they can make adjustments to improve their financial situation. Budgeting can help people manage their money more effectively, set and achieve financial goals, and make sound financial decisions.
It is an important step for individuals and businesses to take to ensure their financial health and stability.
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acme laundry company purchased $8,500 worth of laundry supplies on june 2 and recorded the purchase as an asset. on june 30, an inventory of the laundry supplies indicated only $1,500 on hand. the adjusting entry that should be made by the company on june 30 is
: A) debit Supplies Expense, $7,000, credit Supplies, $7,000 B) debit Supplies, $7,000: credit Supplies Expense, $7.000. C) debit Supplies, $1, 500: credit Supplies Expense, $1, 500. D) debit Supplies Expense, $1, 500: credit Supplies, $1.500
Debit Supplies Expense, $1,500: credit Supplies, $1,500. This adjusting entry is necessary to adjust the balance of the Supplies account to the actual amount of supplies on hand as of June 30.
Here correct answer is D
The company purchased $8,500 worth of supplies on June 2, and the adjusting entry debits the Supplies Expense account for the difference between the amount purchased and the amount on hand ($7,000).
This decreases the Supplies account balance, which is then credited for the actual amount of supplies on hand ($1,500). This adjusting entry is necessary to accurately reflect the company's financial position at the end of the period.
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