If a business should record a liability for cash received in advance for services performed, the adjusting entry would be to debit unearned revenue and credit service revenue.
Why is this the adjusting entry?The liability created is called the Unearned revenue account and because it is being reduced, it will be debited as all liability accounts are when they are reduced.
Service revenue will then be credited because revenue is credited when it increases. The cash becomes revenue because it has now been recognized for the services performed.
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The balanced scorecard was developed to help companies take a more ______________ and ______________ approach to measurement. Functional; Long-term Financial; Strategic Holistic; Functional Holistic; Strategic Short-term; Tactical
The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.
Option B
Balance scorecard methodGenerally,Balance scorecard method is a tool use by groups to monitor there performance and the employee's performance with respect to the strategy The performance of the groups is scaled with aspects of the group in view
Therefore, The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.
Option B
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Texas Star Oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, Texas Star Oil could resort to the payment of
The Texas Star Oil could resort to the payment of speed money.
Speed moneyIn simple terms, as the name implies, it refers to the money paid to speed up some tasks or operations that are been delayed intentionally by someone or some people even though they ought to have carried out the task as a duty without additional payment.
Recall, we are told that due to bureaucratic procedures, the execution of the contract was delayed. Hence, this is the most viable option for Texas Star oil.
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Dr. Olsen wants to know more about the differences between an EHR and a DMS. He thinks he’ll be able to update the old documents once they have been scanned into the system. Identify a disadvantage of a DMS.
Group of answer choices
A. Space saving
B. Retrieval of a large number of records
C. Lack of ability to manipulate data
D. Multiple users can access data at one time
Answer:
The disadvantage is c
Explanation:
A DMS being able to save space, retrieve a large number a and accommodate multiple users are all advantages
Really need some help here, no links please.
The subject is Economics/Business.
Answer:
The third option appears to be the best answer
Explanation:
really hope this helps you!
Which concept combines revenue cycle management with clinical, coding, and health information management decision making?
a. PAC
b. OPU
c. IRC
d. RARC
Answer:
Which concept combines revenue cycle management with clinical, coding, and health information management decision making?
c. IRC
Answer:
IRC
Explanation:
As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)
* less of the good because substitutes have become relatively less expensive
* more of the good because substitutes have become relatively less expensive
* less of the good because substitutes have become relatively more expensive
* more of the good because substitutes have become relatively more expensive
Answer:
less of the good because substitutes have become relatively more expensive
Compute a three-period moving average forecast given demand for shopping carts for the last five periods. (Round all your answers to two decimal points.) Period Demand 1 36 2 32 3 37 4 31 5 38 If actual demand in period 6 turns out to be 35, the moving average forecast for period 7 would be
Answer:
so you do this then you do that and that is how you do it
Explanation:
Which statement about small businesses is true?
Answer:
The first job for most Americans is likely to be in a small business.
Explanation:
48% of Americans work in small businesses.
There are 31.7 million small businesses in the US.
Small businesses make up about 50 percent of the GDP.
Small businesses actually employ about tow thirds of private sector employees.
The statement that the first job for most Americans is likely to be in a small business is true.
What is a small business?Small businesses operate on a smaller scale, requiring less capital, fewer employees, and fewer machines to operate. The kind of industries or small businesses that generate goods and services on a small scale are known as industries. These industries are crucial to the growth of a nation's economy. The owner either makes a single investment in machinery, businesses, and plants, or opts to lease or hire these items. Less than one crore is invested in these sectors. Paper, toothpick, pen, bakeries, candles, local chocolate, and other small-scale enterprises are a few examples. These businesses are typically located in urban areas as a separate entity.
While small businesses can often implement the same quality management systems as larger corporations, they may face unique challenges along the way. Small businesses, for example, typically have fewer human resources and less upfront capital to devote to quality initiatives. In a smaller business, however, upper management commitment and accessibility may be stronger, and internal communications may be more straightforward.
Small business personnel's perceived values tend to become common factors in their behavior and can become important factors that generate good long-term performance. Upper management can make a significant contribution to small business culture development if they can express values and ideas to help guide personnel efforts.
The struggle for organizational excellence may be particularly challenging for many small organizations due to constrained resources and competing agendas. The Baldrige self-assessment form is a great addition to the standard SWOT (strengths, weaknesses, opportunities, and threats) analysis for small business owners launching a quality program.
Organizational values are ideas that characterize a specific aspect of the culture and are communicated through ideas like values, mission, vision, policies, and objectives. Usually, the leadership establishes these ideas, and then the staff members accept them.
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A recent Samsung Galaxy ad highlighted the advantages of its smartphone relative to Apple’s iPhone. What type of product advertisement is the Samsung ad?
Answer:
comparative
Explanation:
B) A manufacturing unit A makes 15 colour television
sets and 80 black and white television sets in a
month another unit B makes 40 colour T.V. sets
and 100 black and white sets in a month. Repre-
sent this information into matrix form and find the
production of each unit in 7 months.
7*|15 80 | =|105 560|
7*|15 80 | =|105 560||40 100| |280 700|
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌
While representing the information into matrix form and the production of each unit in 7 months is 7*|15 80 | =|105 560|, |40 100| |280 700|
What do you mean by production?Production is the process of combining various inputs, both materials such as metal, wood, glass, or plastics and immaterial materials such as plans, or knowledge to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.
The area of economics that focuses on production is called production theory, and it is closely related to the consumption or consumer theory of economics. The production process and output directly result from productively utilizing the original inputs or factors of production. Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental production factors.
These primary inputs are not significantly altered in the output process, nor do they become a whole component of the product.
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Before meeting a Japanese business partner, Larry decides that this person will be uncomfortable with overt displays of emotion. What mistake is Larry making
The mistake that Larry is making is applying a cultural stereotype as a fixed rule before getting to know an individual.
What are cultural stereotypes?These refer to thoughts about a society and culture by others. It shows how people view those of a certain culture often without proof.Larry is assuming that the stereotype of Japanese people looking down on emotional expression is true.
He is then basing his relationship on this stereotype before even meeting the person.
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The day sheet is a(n):
a. chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
b. abstract of all recent claims filed on each patient
c. electronic permanent record of all financial transactions between the patient and the practice
d. computer-generated list of procedures, services, and supples with charges for each
Answer:
chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
Explanation:
A day sheet is usually a document that stores all health care data's, payment details and all scheduled adjustments for whole dayOption A is correct
Answer:
[A] Chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
Explanation:
The manual daily accounts receivable journal is also known as the Day Sheet , and it is a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific date.
{RevyBreeze}
How do IP rights differ between India and China? What distinctive competencies in IP exist for India and China?
IP rights differ between India and China through the following:
In China, it helps in the enforcement of copyright-related issues.In India, it helps prove ownership during criminal proceedings against infringers.What is IP rights?This is also known as intellectual property rights and is given to persons over the creations of their mind in a certain period of time.
In India and China, IP rights ensure that justice is served by punishment being meted out to the infringers.
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For questions 1-10, fill in the blank with the letter of the term that best matches the description.
a coverage
b. insurance
c. policy
d. risk management
e actuary
f. insurer
g. liability
h. claim
i. premium
j. deductible
1. An anangement by which a company gives customers financial protection againt loss or harm in return
for payment
2. Determining, minimizing, and preventing accidental loss in a business, for example, by taking safety
measures and buying insurance
3. The company that sells insurance
4. The amount of money charged for a certain amount of insurance coverage
5. The amount an insured person must pay before making a claim against an insurance policy before an insurer will pay any compensation
6. The amount or type of protection provided by an insurance policy
7. A statistician who calculates insurance premiums, risks, dividends, and annuity rates
8. A fixed dollar amount of coverage for damages that an insured becomes legally liable to pay due to an accident or other negligence
9. An application for payment under an insurance policy
10. A contract of insurance
Following are the correct terms for the descriptions provided.
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
ExplanationThe correct answers for the explanation given in the question is described above.
An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.
Therefore the answers are following
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
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A stock has an expected return of 14.1 percent, the risk-free rate is 3.6 percent, and the market risk premium is 8.2 percent. What must the beta of this stock be
Answer:
really good song: heat waves by glass animals.
Explanation:
A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
O B. The farm's marginal cost for fertilizer will decrease.
O C. The farm's opportunity cost for using fertilizer will degrease.
O D. The farm's marginal cost for fertilizer will increase.
Answer: The statement which best describes one way the farm will be affected by using this new fertilizer is:
A. Marginal benefits will increase for each harvest.
Based on the given text, we can see that there is the development of a new type of fertilizer which was made by a farmer and there is a difference in cost which would have an effect.
With this in mind, we can see that because it costs 20% more to produce and has better results, then the effect this would have is that the marginal benefits would increase for each harvest.
Therefore, the correct answer is option A
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15. The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective is to create awareness for the restaurant among the town’s consumers. Which measure should be used to determine how many different people will hear the advertisement?
Lesson 2 Assignment
Product Combo A Combo B Combo C Combo D Combo E
Motorcycles 0 2 4 6 8
Surfboards 30 27 21 12 0
a. Graph the above production data, putting motorcycles on the horizontal axis.
b. What are the opportunity costs of moving from point B to point D and from point D to point A?
c. Point F represents 3 motorcycles and 21 surfboards. Plot this point on your graph and explain what it represents.
Point G represents 5 motorcycles and 24 surfboards. Plot this point on your graph and explain what it represents.
The cost opportunity from B to D is 15 surfboards, while the cost opportunity from D to A is 6 motorcycles.
What is the opportunity cost?In economics, opportunity cost refers to what is lost if one alternative is chosen over another. For example, if a country decides to manufacture only cars they are losing the opportunity to manufacture other products such as cellphones.
Opportunity cost from B to D:If you choose Combo B instead of D you lose the opportunity to manufacture 15 more surfboards
(27-12 = 15).Opportunity cost from D to A:If you choose Combo A instead of D, you lose the opportunity to manufacture 6 motorcycles
(0 to 6= 6).Poing F and G:Points F and G imply that if you manufacture 3 motorcycles you can only manufacture 21 surfboards (F), and if you manufacture 5 motorcycles the production of surfboards increases by 3 (24 surfboards).
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A two-party check is made payable to:
a. both the patient and the provider
b. both the provider and the payer
c. both the patient and the payer
d. two different payers
Answer:
[A] both the patient and the provider
Explanation:
Answer:
Both patient and the provider
Explanation:
In a medical payment system the payer is the patientThe two party includes two persons
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how can a country Expand Skilled Workforce and Reduce Dependence on Unskilled Labour?
Answer:
To reduce dependence on unskilled labor, a country could encourage development of more advanced AI to further automate repetitive work that requires no skill.
Explanation:
Explain SMART goals and the process of Management By Objectives (MBO).
Answer:
What Is the Goal of Management by Objectives (MBO)? MBO uses a set of quantifiable or objective standards against which to measure the performance of a company and its employees. By comparing actual productivity to a given set of standards, managers can identify problem areas and improve efficiency
A good example of a government imposed-price ceiling is: minimum wage. supply and demand. equilibrium. rent controls.
A good example of a government-imposed-price ceiling is: rent controls.
What is a Price Ceiling?Price ceiling refers to the maximum amount of a good or service that is imposed by the government. It is useful in preventing the exploitation of the economy by entrepreneurs.
An example of a government-imposed-price ceiling is rent control. The government could impose a maximum amount for rentals to prevent exploitation by landlords.
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1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times more what they did in 1950. What is her real income today in terms of constant 1950 dollars
The engineer's real income today in terms of constant 1950 dollars is $14,400.
What is the real income?
Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.
Real income = nominal income - inflation
Inflation = (1 + 6.6) x $6000 = $45,600
Real income = $60,000 - $45,600 = $14,400
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What type of ethics program should a company adopt with 200-999 employees?
A.Create an ethics office
B. Develop and review a code of ethics
C.Ethics is overrated.
D. Developing an ethics monitoring and reporting systems
The ethics program that should be adopted by the comoaby is D. Developing an ethics monitoring and reporting systems.
What is ethics?Ethics simply means the moral principle that's necessary to guide the behavior of an individual.
The type of ethics program should a company adopt with 200-999 employee is developing an ethics monitoring and reporting systems.
This is necessary to look into the activities of the employees.
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1. What is the name for traits that are used to describe your approach to life, work, and
relationships?
Explanation:
hope it was helpful to you
The Five-Factor model is a trait that is used to describe the approach to life, work, and relationships.
What is a Five-Factor model?A Five-Factor model is a personality model that is used for the personality model. This model is also used to describe the approach to life, work, and relationships.
It is a most well-known personality qualities that have been shown to be contained and subsumed by these five overarching domains, which are thought to constitute the core structure of all personality traits.
This system includes the five broad traits and that five traits can be recognized by acronym OCEAN, that means Openness, Conscientiousness, Extraversion, Agreeableness and Neuroticism.
Therefore, A Five-Factor model is a personality model to describe the approach to life, work, and relationships.
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A company purchase land and building from the seller for $900,000 a separate appraisal retails the fair value of the land to be $200,000 and the fair value of the building to be 800,000 for what amount with the company record land at the time of purchase
Answer: $180,000
Explanation: According to GAAP, the land must be recorded using the Cost Model. They cannot be recorded using the Fair Value Model.
So, the amount to record the land is:
$200,000 x ($900,000/$1,000,000) = $180,000
The land must be recorded for $180,000.
What is Cost Model?GAAP requires that the Cost Model be used to report the land. The Fair Value Model cannot be used to record them.
So, the sum required to register the land is:
$200,000 x ($900,000/$1,000,000) = $180,000
A cost model is a technique or framework for calculating the overall cost of providing a good or service. Depending on the circumstance, the process's breadth and level of depth may change, but the objective of any cost modeling is to identify a precise method for evaluating value input for comparison with value output. This is a crucial stage in determining price points, determining a business venture's potential, and projecting total profitability.
Cost modeling has advantages that are related to how it influences your company's operations, particularly in the areas of pricing and streamlining. Anyone who is really engaged in business management should always seek out new information because knowledge is power.
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Gary and Lakesha were married on December 31 last year. They are now preparing their taxes for the April 15 deadline and are unsure of their filing status. Problem 4-46 Part-b (Static) b. Assume instead that Gary and Lakesha were married on January 1 of this year. What is their filing status for last year (neither has been married before and neither had any dependents last year)
a. Gary and Lakesha can either file as Married Filing Jointly or Married Filing Single.
b. Since Gary and Lakesha are married on January 1 of this year, they should file as Single.
What is a tax filing status?The tax filing status defines the taxpayer's status in a tax year. The tax filing status is used to determine the applicable rate of income tax.
The IRS rules recognize five filing statuses are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.
Thus, for a) Gary and Lakesha can file Married Filing Jointly or Married Filing Single but for b) Gary and Lakesha should file Single.
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In the introduction to chapter 1, "On The Job: Everyday Ethics at Work," what do the authors compare a workplace to?
Ethics in a workplace is very important as it ensures that everyone is fair and accountable and treats every other person equally.
What is Ethics?This refers to the proper way of doing things which ensures fairness and transparency.
With this in mind, we can see that in the absence of ethics, then business owners can engage in unethical practises which can lead to poor quality of goods in order to increase profit.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The break-even point in sales dollars is $
It can be deduced that the break even point of the company will be $46875.
How to calculate break evenThe contribution margin will be:
= Sales - Variable cost
= $125000 - $45000
= $80000
Contribution margin rate will be:
= Contribution margin / Sales
= 80000/125000
= 0.64
Break even will be:
= 30000/0.64
= $46875
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What is the purpose of internal controls? Multiple choice question. to guarantee that loss is eliminated as a basis of employee performance reviews to reduce outstanding customer balances to protect assets and ensure reliable accounting
Answer:
to protect assets and ensure reliable accounting
Explanation:
to protect assets and ensure reliable accounting
The purpose of internal controls is to protect assets and ensure reliable accounting. Thus the correct option is D.
What are internal controls?Internal controls are a technique used by corporations to detect fraud and other internal activities. It was implemented by the company to safeguard the confidentiality of its finance and accounting systems.
This internal control can be done through different methods which include continuous monitoring of the business activities to evaluate any threat or danger that can disturb the function of the business.
This also includes an assessment of Risk which can further act as a barrier in the process of growth and development so risk assessment is done to eliminate any factors that cause damage to the assets of the organization.
Therefore, option D is appropriate.
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