The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Transactions are listed in an accounting journal that shows a company's debit and credit balances.
Give a brief account on adjusting journal entries.An adjusting journal entry is one that is made at the end of an accounting period in the general ledger of a business to record any unrealized income or expenses that occurred during the period. An adjusting journal entry is necessary to accurately account for a transaction that happens between two accounting periods.
To solve the question :
1. Adjusting journal entries are as follows :
Particulars Debit. Credit
a. Insurance expense A/c
($800 + $2,500 - $2,400) $600
To prepaid insurance A/c $600
(entry for expired portion of
prepaid insurance)
b. Interest receivable A/c $1,200
To interest revenue A/c $1,200
(adjusting entry for
accrued interest revenue)
c. Unearned service revenue A/c ($1,500 - $600) $900
To service revenue A/c $900
(entry for earned portion of
unearned service revenue)
d. Depreciation expense A/c $4,700
To accumulated depreciation A/c $4,700
(To record depreciation expenses)
e. Salaries Expense A/c
($24,000 / 5 days × 3 days) $14,400
To Salaries payable A/c $14,400
(To record accrued salaries expenses)
f. Income tax expense A/c
($21,000 × 25%) $5,250
To income tax payable A/c $5,250
(To record income tax expenses)
2. Calculating whether these omitted adjustments resulted in an overstatement or underestimate of net income
a. Adjusting Entry for Insurance Expense of $600 : Overstated
b. Adjusting Entry for accrued revenue of $1,200 : Understated
c. Adjusting entry for Service Revenue Earned of $900 : Understated
d. Adjusting Entry for Depreciation Expense of $4,700 : Overstated
e. Adjusting Entry for Salaries Expense for
three day of $14,400 : Overstated
f. Adjusting Entry for Income Tax Expense of $5,250 : Overstated
Impact on Net Income without Adjusting Entries of $22,850 : Overstated
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a truch costing 121000 was destroyed when its engine cought fire at teh date of the fire the ccumulated depreciation on the truch was 52000 an insurence check for 136000 wasreceived
Gain on Disposal of $67,000 ac dr. Asset ac cr. $67,000
The difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of is recorded in a disposal account, which is a gain or loss account that appears in the income statement. Typically, the account is titled "Gain/Loss on Asset Disposition."
The journal entry for such a transaction is to reverse the balances in the fixed asset account and the accumulated depreciation account and debit the disposal account for the net difference between the initial asset cost and any accumulated depreciation (if any). If there are any sales revenues, they are also put into this account.
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Which of the following is true of the Committee of Sponsoring Organizations controls and the Sarbanes- Oxley requirements? Multiple Choice They result in less transparency in ensuring ethical corporate governance. They encourage greater accountability for financial stewardship They result in a lesser emphasis to prevent any financial misconduct. They do not impact executives, boards, and internal audits.
The statement that is true of the Committee of Sponsoring Organizations controls and the Sarbanes- Oxley requirements is: b. They encourage greater accountability for financial stewardship.
What is Committee of Sponsoring Organizations controls?Committee of Sponsoring Organizations controls play an important role when it comes to internal control as they help to improve or enhance an organization internal control system based on the fact that they help to provide guideline that enables companies to analyze and evaluate their internal control.
On the other hand Sarbanes- Oxley requirements is a requirement that states that companies or organization should tend to often include internal control when preparing their financial statement.
Therefore the correct option is B.
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leadership is the ability to _____ employees to voluntarily pursue organizational goals. multiple choice reward force compensate influence request
leadership is the ability to influence employees to voluntarily pursue organizational goals. Thus the correct option is D.
What is leadership?Leadership refers to the art of directing and influencing people or groups of people in an organization with pleasing efforts to gain their support and help them to grow by providing better direction.
By working to complete the challenge and advance the organization, leadership involves influencing people by giving them a reason, a course, and motivation. It aids in directing resources inside an organization for increased effectiveness and goal-achieving.
Therefore, option D is appropriate.
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Using the principles of classical conditioning or operant conditioning, design two specific marketing objectives for a specific nonprofit (provide a description and the URL if one is available).
Advertisers use psychological responses like classical conditioning and operant conditioning to sway our purchasing decisions.
In classical conditioning, consumers react to a stimulus in a specific, unintentional way; for instance, they may salivate when they see a picture of mouthwatering food. Utilizing rewards or penalties, advertisers try to alter consumer behaviour using operant conditioning. By returning customers' money after they purchase a specific product, as an illustration.Even when there may not be a direct connection between the product and the desired response, classical conditioning in business refers to producing responses that are favourable to the product. A customer might purchase a particular shampoo, for instance, not because it performs better, but rather because the bottle is attractive.Consequently, this is how the fundamentals of classical conditioning can be used to create marketing strategies.
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Identify the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head”
the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head” was toward the Owner, Resource Manager.
What are decisional roles?A haphazard collection of individuals may have voluntarily banded together to handle a pressing issue, like picking up trash along a particular length of road. It may occasionally be a handpicked, coordinated, and integrated team of individuals who got together over time to solve a long-term necessity.
the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head” as a strong
Strong leaderCollaborate closelyChancellorDecisive PositionsOwnerResource ManagerLearn more about decisional roles, here:
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The question is incomplete, the complete question will be:
Education for All” is an International organization that provides free education to all individuals regardless of age. They recently started operations in Pakistan, with Mr. Hashim appointed Campus Head. He signed an agreement with a building owner to establish their first-ever campus. Apart from fulfilling his daily legal obligations, he meets and greets all guests, including parents, stakeholders, and the media. He recently chaired a meeting of all the departments on the campus and emphasized making every effort to make the campus one of the best in providing quality education. For this, he generously allotted funds to the R&D department. He also directed the public relations department to use their resources in building a positive image of the organization through media, for which he allocated 1 million rupees. After analyzing and having a thorough understanding of the case, you are required to:
Question:
Identify the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head”.
determine the net present value of this investment, assuming a 10% minimum rate of return. use the present value tables provided above. if required, round to the nearest whole dollar.
The net present value of this investment is $19228
Table value Cash Present value
Flow Cash flow
1 0.870 $72000 $62640
2 0.756 $55000 $41580
3 0.658 $42000 $27636
4 0.572 $28000 $16016
Present value $147872
of net cash flow
(Less) Amount to be ($16700)
Net present value ($19228)
No, because the net present value indicates that the return on the proposal is less than the minimum rate of interest 15%.
Net present value- The difference between the present value of cash inflows and the present value of cash outflows over time is defined as net present value. The net present value (NPV) is a calculation used in capital budgeting and investment to determine the profitability of a proposed investment or project.
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just because positions are ____, they are not necessarily risk-free and can be very volatile. multiple select question. market-neutral hedged nondirectional arbitrages
Positions are not always risk-free and can be quite volatile even if they are market-neutral, nondirectional, and hedged. multiple-choice query market-neutral nondirectional arbitrages with hedges
A market-neutral hedge fund: what is it?A market-neutral fund is a type of hedge fund that makes money whether the market is going up or down, generally by using matched long and short positions or derivatives. As they aim to produce profitable returns in all market conditions, these funds may help to reduce market risk.
Most hedge funds are they market neutral?Because they are concentrated on absolute returns rather than relative returns, hedge funds frequently adopt a market-neutral approach.
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Which of the following statements would be most impressive within a summary of qualifications section on a résumé?
Knowledgeable in a variety of income tax software packages
Processed an average of 24 tax forms daily with 100 percent accuracy
Enjoy working with others
Familiar with corporate and individual tax returns
Processed an average of 24 tax forms daily with 100 percent accuracy
Which of the
The credentials portion of a resume's summary should highlight accomplishments like processing 24 tax forms on average each day accurately.
A curriculum vitae, often known as a résumé or resume, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are several uses for resumes, job searching is the most common one.
The curriculum vitae (CV) is a thorough record of your academic performance, hence its length varies. However, a resume's length is often shorter and is governed by years of experience because it provides a brief overview of your skills and expertise for a certain position (generally 1-2 pages).
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suppose the firm sells its output for $15 per unit, and it pays each of its workers $750 per week. when output increases from 210 units to 285 units, the
$10 is the marginal profit per unit of production. moreover, it pays each employee $750 each week.
What does having conviction mean?
When you describe someone as firm, you are referring to their behavior, which suggests that they are in command or that they won't modify their mind. She had to be strong with him and say, "I don't want to see you again."
What does corporate conduct entail?
Firm behavior refers to the goals, variety of models, and various presumptions utilized to pursue profit maximization. Industrial organization examines how businesses behave strategically while engaging in any kind of significant commercial activity.
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The information needed to prepare a statement of cash flows could come from all of the following sources, except the: statement of retained earnings.
The correct answer is the statement of retained earnings.
What is the statement of retained earnings?
The retained earnings statement (statement of retained earnings) is a financial statement that describes changes in a company's retained earnings over a period of time. This statement reconciles the beginning and end of retained earnings for a given period using information such as net income from other financial statements and is used by analysts to understand how a company's earnings are being used.A statement of retained earnings is also known as a statement of equity, statement of equity, or statement of equity. Sample retained earnings statements are available online.To know more about statement of retained earnings, click the link given below:
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In the market for money, the intersection of demand and supply determines which of the following?The equilibrium price of moneyThe equilibrium interest rate
In the market for money, the intersection of demand and supply determines the equilibrium interest rate.
What is equilibrium interest rate?
The equilibrium interest rate is the rate at which the demand for money equals the supply of money in the market for money. It represents the balance between the desire of households and businesses to hold money for transactions, saving, and other purposes and the total amount of money available in the economy.
The demand for money refers to the desire of households and businesses to hold money for transactions, saving, and other purposes. The supply of money, on the other hand, refers to the total amount of money available in the economy.
In the market for money, the equilibrium interest rate is the rate at which the demand for money equals the supply of money. At this point, there is no incentive for households and businesses to either hold more or less money, and the market is in balance.
The equilibrium interest rate plays a critical role in the economy because it determines the cost of borrowing and the return on saving. It is also an important factor in the determination of the overall level of economic activity.
Hence, the intersection of demand and supply determines the equilibrium price or quantity of a good or service in a market. In the case of the market for money, the intersection of demand and supply determines the equilibrium interest rate.
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When incorporating seasonality into a forecast the first step is to determine the seasonality ________.
The first step in adding seasonality to a prediction is to identify the seasonality pattern.
What does the term "forecasting" mean?Forecasting is a method that generates precise forecasts of the future direction of movements using historical data as inputs. Forecasting helps businesses allocate their budgets and plan for upcoming expenses.
What is forecasting and how does it work?The method of projecting entails creating predictions based on historical and current data. These can then be contrasted (resolved) with what actually occurs. For instance, a business can predict its income for the following year and then contrast that prediction with the actual outcomes. A comparable but more broad phrase is prediction.
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The U.S. Bureau of labor statistics uses the consumer price index to track ____ over time.
The U.S. Bureau of labor statistics uses the consumer price index to track Inflation over time.
Work, often known as work, is any deliberate action people engage in to support their own needs, those of others, or the requirements of a larger society. Work may be understood in the perspective of economics as human activity that contributes to the commodities and services inside an economy.
Work is essential to all communities, but it may vary greatly within and across them, from manually obtaining natural resources to using sophisticated technology that eliminate the need for many people to exert physical or even mental effort. All but the simplest activities also call for a certain set of abilities, resources, and tools.
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Which of the following is a rating agency that analyzes corporations and governments regarding their ability to repay their debts?
Group of answer choices:
-Dow Jones Industrial Average
-Standard & Poor's only
-Both Standard & Poor's and
-Moody'sMoody's only
Both Standard and Poor's and Moody's analyze corporations and governments regarding their ability to repay the debts.
Standard and Poor's is one of the largest credit rating agency, assigning letters to companies on the account of their level of debt repayments and other investment risks that they are ready to take.
They have a standardized rating system that they follow and rank accordingly.
Moody's also provides corporations and governments regarding their ability to repay their debts. They also provide detailed explanations on credit risk and perform the investment risk analysis.
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Both Standard and Poor's and Moody's is a rating agency that analyzes corporations' and governments' capacity of governments and corporations to pay off their debts.
One of the biggest credit rating agencies, Standard & Poor's, assign letters to businesses based on how much debt they can afford to repay and other investment risks they are willing to assume.
They rank according to a set ranking system that they adhere to.
In addition, Moody offers information to governments and corporations about their capacity to pay back their loans. Additionally, they carry out the analysis of investment risk and offer comprehensive explanations of credit risk.
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The model that requires a manager to assess her own style and her situational control is
A. Fiedler's contingency model.
B. shared leadership model.
C. the LMX model of leadership.
D. House's path-goal theory.
E. charismatic leadership theory
The correct answer is C. The LMX model of leadership.
The LMX model of leadership, also known as the leader-member exchange model, was developed in the late 1970s by Bruce Tuckman and Mary Ann Jensen. This model of leadership focuses on the relationship between the leader and their team members.
It proposes that each team member has a unique relationship with their leader, which determines the amount of trust, respect, and influence they have in the team. The leader must assess their own style and situational control in order to ensure that each team member is given the appropriate support, resources, and guidance required to achieve their goals.
The leader also needs to be able to adjust their style to fit the specific needs of each team member in order to foster a productive and collaborative environment. In this way, the leader is able to build trust and loyalty from their team members and create a successful and productive team.
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Which of the following are tools of monetary control that the Fed can use to alter the reserves of commercial banks?
a. discount rate
b. interest on reserves
c. reserve ratio
d. open-market operations
The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations.
What is discount rate?
The reserve ratio, open-market operations, and the discount rate are tools of policy used by the Fed to alter commercial bank reserves.
To control the money supply, central banks primarily use four monetary instruments. These include open market transactions, the discount rate, the reserve requirement, and interest on excess reserves. These tools have the power to either accelerate or slow down economic growth.
Interest rate setting and open market operations are the Fed's two main tools. Among other less common tools, the Fed can alter the mandated reserve requirements for commercial banks or act as lender of last resort to save failing banks.
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sunita is a one-third owner in bikes-r-us, an s corporation that experienced a $45,000 loss this year (year 1).
The deductible amount is $10,000 since Sunita owns one-third of the company Bikes-R-Us, a S business that suffered a $45,000 loss this year (year 1).
What is a Corporation?The corporation, not really the shareholders, is in charge of the business affairs and monetary stability of the company. Operations and financial stability of the business are at the control of the corporation, not really the shareholders. A group of people or a company which has been given by the state the legal status of a single entity and is used for particular legal purposes is known as a corporation. Early corporations were created with a charter. Currently, the majority of nations allow the creation of new corporations.
What are the kinds of corporation and what was it is purpose?Corporations fall into one of four broad categories: nonprofit, municipal, professional, or business. Publicly traded and closely held firms are the two categories that make up business corporations.
Nowadays, the typical argument is that a business exists to benefit its owners. This is known as that of the "shareholder primacy norm" in academia, and many refer to business managers' objectives as shareholder wealth maximization. Even purportedly charitable business actions, such as gifts, are acceptable.
Briefing:Jessica allocated a loss of $15,000 ($45,000 divided by 1/3). Because her stock basis is only $10,000, she can only deduct that amount from her allocation.
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The complete question is:sunita is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1).
If her stock basis is $10,000 at the beginning of the year, how much of this loss clears the hurdle for deductibility (assume the at-risk limitation equals the tax-basis limitation)?
The study of economics focuses on how people, businesses, and governments choose to allocate resources. T/F
This is a true statement in the study of economics that focuses on how people, businesses, and governments select to allocate resources.
Economics is defined as the study of how individuals, businesses, and governments choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of their chosen selection. Typically, economics is about solving the problem of scarcity - quantities of resources to meet unlimited wants.
Economics deals with a variety of complex issues of vital concern to society about the production of goods and services, as well as the growth of production and welfare over time period.
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In a 4-5 page paper, provide responses to parts A and B below. Organize your paper with the headings "Levels of Organizational Innovation" and "Value Cluster - Name" (insert the name of the value cluster that you choose to focus on).
Part A: Analyze and explain the difference between the three levels of organizational innovation (tactical, strategic, and transformational). Show how they differ in their influence on an organization's culture. Illustrate with examples from your own experience.
Part B: Select three of the five value clusters from Chapter 8 that are shown to support innovative activities in organizations and discuss how the value clusters help develop and sustain an innovative culture. Use your place of employment or another organization you are familiar with as an example. (The value clusters are: 1. Trust, Engagement, and Ownership Through Careful Hiring, Training, and Expectations that Are Met; 2. Collaboration, Inclusion, Collocation, and Transparency; 3. Latitude, Individual Initiative, and Informed Risk-Taking; 4. Useful Failure, Boundarylessness, and Learning; and 5. Leadership, Policies, and Practices that Support Entrepreneurship.)
The difference between the three levels of organizational innovation (tactical, strategic, and transformational) is given below:
What are the differences?Tactics are the specific stages and activities that will get you there, whereas strategy is the action plan that will get you there. This refers to the exact steps teams take to carry out the initiatives described in the strategy in a corporate setting. The use of fresh and innovative techniques by movement actors is referred to as tactical innovation.
An idea that provides value to your customers would be developed and implemented as a tactical innovation strategy (while also adding economic value to the organization). This circumstance is not unusual.
Therefore, Short- and long-term periods, transformational leaders can successfully develop and use all resources available to assist businesses improve organizational performance and attain sustainability.
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the lack of perfect correlation between spot and futures prices implies that most hedges will have some basis risk.
a. true
b. false
Does the lack of perfect correlation between spot and futures prices imply that most hedges will have some basis risk? Yes, the statement is completely true
Spot prices and Future priceSpot is the immediate delivery price of an asset or the value of an asset at a given time. It differs from the future price of a product, which is the delivery price of the asset at a future date or the price that the asset is expected to reach. Any asset that can be traded as a future will have a spot price, this term is commonly used in raw materials.
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A firms core competencies, integrated with an understanding of the results of studying the conditions in the external environment should _____
A firm's core competencies, integrated with an understanding of the results of studying the conditions in the external environment should guarantee profits.
The definition of a 'firm' inside the subject of economics is any agency that seeks to make earnings through manufacturing or promoting products or services – or both – to consumers. as instance, one of the most commonplace makes use of this term is for 'regulation corporations,' which commonly promote offerings in relation to the regulation.
A company is a for-profit enterprise, commonly fashioned as a partnership that provides professional offerings, which include prison or accounting services. The concept of the company posits that firms exist to maximize income.
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Which of the following is a type of sales promotion that can be used if the organization's goal is to increase brand loyalty? A. frequent-buyer programs B. event sponsorship C. direct mail advertising D. advocacy advertising E. sweepstakes and contests
frequent-buyer programs is a type of sales promotion that can be used if the organization's goal is to increase brand loyalty.
What is frequent-buyer programs ?
Companies can reward customers with points or benefits through a loyalty program. And in exchange, they can use their points to get deals, freebies, rewards, or access to exclusive benefits. The objective is to increase customer loyalty and establish trust with the brand. According to 95% of customers, trusting a business makes them more loyal.
The Frequent Buyer Program is a loyalty program which targets customers repeatedly buying the same or similar items. These are repeated purchases and retailers want to encourage customer retention, so they give, for example, one item for free for every 10 purchased. hence, frequent-buyer programs is a type of sales promotion that can be used if the organization's goal is to increase brand loyalty.
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To aid in business recovery, copies of applications are usually kept in a safe place to replace those that get damaged. a. True b. False.
To aid in business recovery, copies of applications are usually kept in a safe place to replace those that get damaged.
harm is any trade in a component, frequently a bodily object, that degrades it far from its initial nation. it could broadly be described as "changes introduced into a machine that adversely have an effect on its contemporary or future performance".[1] damage "does no longer necessarily mean overall loss of gadget capability, but as a substitute that the gadget is now not working in its most suitable manner".[1] harm to bodily objects is "the modern physical system via which they ruin",[2]: 1. and includes mechanical stress that weakens a shape, even though this isn't always visible.[2]: ix.
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Question 4
The opposite of a good is a
O Good
O Service
O Wants
O Needs
the process of entering all transactions from the journal to ledger is called
The process of entering all transactions from the journal to ledger is called ledger posting.
What is Ledger Posting?It should be noted that once the transactions are recorded in the journal, it is then posted in the principal book called as 'Ledger'.
In conclusion, the process of transferring the entries from journal to respective ledger accounts can be regarded as the ledger posting however the process of balancing of ledgers can be engaged in, so as to be able to find out differences at the end of the year.
Hence process of entering all transactions between the journal and ledger can be regtrded as the ledger posting.
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Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
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The maximin criterion is the idea that the government should aim to maximize the well-being of the worst-off person in society.
a. True b. False
True
The maximin criterion is the idea that government should aim to maximize the welfare of the most disadvantaged people in society. Which means the government must prosper the people who are difficult in terms of the economy.
The government exists to serve the people. Government officials at any level are indeed held for the purpose of improving the welfare of the people they lead. So, if officials ask to be served by the people it is the other way around. It is officials and apparatus who must serve the people. It's not the people who have to rush to prepare a welcome plus millions of pocket money every time an official arrives, but it's the officials who should often come to the people with gifts. It is the officials who must give in and give priority if the people want to pass and not vice versa. Officials collaborating with the council must try their best to find a way for the welfare of the people. There are so many sources of our natural wealth that can be used for the greatest prosperity of the people.
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In the process of reconciling its bank statement for january, maxi's clothing's accountant compiles the following information: cash balance per company books on january 30 $ 5,925 deposits in transit at month-end $ 2,040 outstanding checks at month-end $ 640 bank service charges $ 37 an nsf check returned on a customer account $ 620 the adjusted cash balance per the books on january 31 is:
o $6,923
o $6,283
o $6,197
o $4,883
o $5,871
checks at month-end $ 640 bank service charges $ 37 an nsf check returned on a customer account $ 620 the adjusted cash balance per the books on january 31 is: $4,883
How to Find adjusted cash balance ?
We require the cash book's closing balance in order to calculate the adjusted book balance.
Book balance $ 5,925
Less: bank service charges $ 37
nsf check returned on a customer account $ 620
outstanding checks at month-end $ 640
=5925-37-620-640
=4883
adjusted cash balance $4,883
If all of the transactions you've entered in AppFolio are correct, the Adjusted Cash Balance is the amount of money you should have in your bank account. The following factors are used to determine the adjusted cash balance: To correctly reconcile, the Adjusted Cash Balance must match the cleared and ending balances.Add back any deposits that are currently in transit using the cash balance listed on the bank statement. Subtract any unpaid checks. The updated bank cash balance will be shown. Next, add any interest collected and the amount of notes receivable to the company's ending cash balance.To learn more about adjusted cash balance refer to:
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a warehouse management system (wms) helps keep track of the movement and storage of the materials in a dc system. which of the following is not one of the four specific aspects of dc systems that a wms will help track?
A warehouse management system (WMS) is software that streamlines every part of warehouse management – from receiving and storage to picking, packing, shipping, inventory tracking, and all the steps in between.
What is Warehouse Management System?
The term "warehouse management" describes the planning and oversight of all warehouse operations. As it includes tasks like maintaining inventory balance, managing supplies, the pickup process, staff productivity, tracking the transportation of goods, etc., it is regarded as a cornerstone of the logistics ecosystem. A powerful WMS is a piece of software created to optimise every step of the operational process, which may be advantageous for both the clientele and the company.
It also includes the organizational tools, rules, and procedures necessary to maintain efficient warehouse operations. Depending on the industry the software supports, different functions are frequently implemented. This has the potential to lower manual mistakes and raise productivity as a whole.
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Suppose a bond has a face value of $100, annual coupon payments of $4, a maturity of 5 years, and a price of $90.
a. Write an equation that defines the yield to maturity on this bond.
b. Calculate the yield to maturity.
c. Suppose the price of the bond falls from $90 to $85 over a year.
Calculate the bond's rate of return over the year.
The amount of profit or loss on an investment over time is determined by the rate of return (RoR). Calculating the rate of return involves dividing the initial value by the current value and multiplying the result by 100.
"Given"
Face value = $1,00 (P)
Annual coupon payment = $4 (C). So coupon rate = 4%.
Matuirty years = 5 years (n)
Bond price = $90 (price)
a. The following equation can be used to determine this bond's yield to maturity:
Bond price is C(1+r)n + C(1+r)n + C(1+r)n + C+P(1+r)n.
By using the given information and this formula, the following equation can be used to determine this bond's yield to maturity:
Bond price equals $4(1+r)*1, $4(1+r)*2, $4(1+r)*3, $4(1+r)*4, and $104(1+r)*5.
b. The yield until maturity (YTM)
We'll use a calculating process known as trial and error to determine the YTM. The bond is trading at a discount since its price is lower than its par value, and as a result, the yield-to-maturity (YTM) should be higher than the coupon rate (4%). To match the present value of the bond with its price, let's assume a rate of 6% and then change this anticipated rate accordingly.
We will determine the YTM, using the bond price formula as below:
Price of Bond = C(PVIFA, r%,n years)+ P(PVIF, r%,n years)
= $90 = $4 (PVIFA,r%,5) + $100(PVIF,r%.5)
= $90 = $4 (PVIFA,6.39%,5) + $100(PVIF,6.39%,5)
= $90 = $4 *(1-((1+6.39%)^-5)/6.39%) + Face value*(1/(1+6.39%)^5)
= $90 = $4 * 4.168045665 + $100 * 0.733661882
= $90 = 16.67218 + 73.3662
= $90 = $ $90.03838
So here we see that the derived value of $90.04 almost equals the given price of the bond ($90) at an estimated rate of 6.39%.
Hence the YTM = 6.39%.
c. If the bond's price drops from $90 to $85 over the course of a year, its annual rate of return is:
The amount of the payment difference between the bond's initial and revised prices will be taken into account when calculating the rate of return, followed by the amount of the coupon payment received. Over the course of the year, a capital loss was incurred because the bond's price dropped from $90 to $85.
Rate of return = (Current price − initial price ÷ initial price) + (interest amount ÷ initial price)
($85 − $90) ÷ $90 + ($4 ÷$90) = $−5 ÷ $90 + 0.0444
= -0.0556 + 0.0444
= -0.0112
= -1.12%
So bond's rate of return over the year = -1.12%
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