A business paper from which data is gotten for a diary section is known as a Source Document.
In the bookkeeping business, source documents incorporate receipts, charges, solicitations, proclamations, and checks - i.e., anything that documents a transaction. Any time a business spends or gets cash, a source document is made.
Source documents are a vital piece of the bookkeeping and accounting process. Notwithstanding, numerous consultants battle to gather and deal with their clients' source documents or don't gather and oversee them by any means.
Executing a smoothed-out framework for gathering and dealing with your client's source documents won't just work on the exactness, speed, and nature of your work - it will likewise empower you to be a superior business accomplice to your private company clients. We should investigate the significance of source documents, and how you can acquaint a more proficient framework with gathering and overseeing source documents at your practice.
to know more about source documents click here:
https://brainly.com/question/30467551
#SPJ4
loria martinez, an nra, is a professional golfer. she played in seven tournaments in the united states in the current year and earned $250,000 in prizes from these tournaments. she deposited the winnings in a bank account she opened in mexico city after her first tournament win. gloria played a total of 30 tournaments for the year and earned $800,000 in total prize money. she spent 40 days in the united states, 60 days in england, 20 days in scotland, and the rest of the time in south america. complete the letter to gloria explaining how much u.s.-source income she will generate, if any, from her participation in these tournaments and whether any of her winnings are subject to u.s. taxation.
Dear Gloria Martinez,
I am writing to provide you with information about your U.S.-source income generated from the tournaments you played and whether any of your winnings are subject to U.S. taxation.
You played a total of 30 tournaments this year and earned $800,000 in total prize money. Out of these tournaments, you played in seven in the United States, where you earned $250,000 in prizes. These earnings are considered U.S.-source income since they were generated from tournaments held in the United States.
As a nonresident alien (NRA), you are subject to U.S. taxation on your U.S.-source income. Therefore, your $250,000 in winnings from the U.S. tournaments are subject to U.S. taxation.
Please note that the location where you deposited the winnings (Mexico City) does not impact the taxation of your U.S.-source income.
To summarize, you will generate $250,000 in U.S.-source income from your participation in the seven U.S. tournaments, and this income is subject to U.S. taxation.
If you have any further questions or concerns, please do not hesitate to reach out.
Best regards,
[Your Name]
To know more about U.S. taxation refer here
https://brainly.com/question/3584491#
#SPJ11
costs are also known as accounting costs, whereas costs are the opportunity costs of using owned resources. need help? review these concept resources.
Costs that are incurred in a business transaction are referred to as accounting costs, while costs that include the value of the next-best alternative foregone are referred to as economic costs.
What are the accounting costs?Accounting costs refer to the actual monetary expenses incurred in the production of goods or services. Opportunity costs, on the other hand, represent the value of the next best alternative that must be forgone in order to pursue a certain action or decision.
Accounting costs refer to the explicit costs that are recorded in a firm's accounting system, including expenses such as salaries, rent, utilities, and materials. These costs are usually measured in monetary terms and are relatively easy to calculate and record.
In contrast, economic costs take into account both explicit and implicit costs. Implicit costs are the opportunity costs of using owned resources, such as the value of a business owner's time or the foregone opportunity to earn income from other investments.
Learn more about accounting costs from
https://brainly.com/question/24130824
#SPJ1
the transactional (aka transactive) model of communication builds on the smcr model by including the component of , which is reflected in the evolution of organizational communication paradigms from the classic to the hr paradigm. a. sender b. coreference c. receiver d. feedback
The transactional model of communication builds on the SMCR (Sender-Message-Channel-Receiver) model by including the component of D. feedback, which is reflected in the evolution of organizational communication paradigms from the classic to the HR (Human Resources) paradigm.
In the transactional model, the sender and receiver are both considered active participants in the communication process, exchanging messages and feedback in a continuous loop. This contrasts with the SMCR model, which views the sender and receiver as separate entities. Feedback is the communication from the receiver to the sender that indicates how the message was received and understood. This feedback is essential for effective communication, and its inclusion in the transactional model helps to ensure that both parties are on the same page.
The transactional model of communication is based on the SMCR model, which views the sender and receiver as separate entities. It includes the component of feedback, which helps the sender and receiver to ensure that the message was received and understood. Feedback is essential for effective communication and is reflected in the evolution of organizational communication paradigms from the classic to the HR paradigm.
For more such questions on Transactional model.
https://brainly.com/question/18269454#
#SPJ11
1. List four reasons that businesses extend credit.
2. How does using credit benefit businesses and consumers?
1.Encourage customers to spend more, which can result in increased sales if receivables are turned to cash;
Increase customer goodwill and build good customer relations;
Make your customers less sensitive to price and more focused on the services you offer.
2.Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase. Having a good credit record means that a person has an established history of paying back 100% of his/her debts on time
2. Benefits for business:
all 4 points aboveCash flow management: Offering credit can help businesses manage their cash flow, as they can receive payment over a period of time rather than all at once.Benefits for consumers:
Purchasing power: Using credit allows consumers to make purchases that they may not have been able to afford with cash, such as items like a home or a car.Convenience: Using credit cards can be more convenient than carrying cash, as consumers do not have to worry about carrying large amounts of cash or making frequent trips to the ATM.Building credit history: Using credit and making payments on time can help consumers build a positive credit history. This in turn can lead to better credit scores and lower interest rates on future loans.Protection against fraud and errors: Credit cards provide protection against fraud and errors, as consumers can dispute unauthorized charges or errors on their statements.For more on credit refer to: https://brainly.com/question/1590835
what is the contingency statement used to purchase a home in florida and get your deposit back if financing does not go through
The contingency statement used to purchase a home in Florida and get your deposit back if financing does not go through is the mortgage contingency clause.
What is a mortgage contingency clause?A mortgage contingency clause is a provision in a home purchase agreement that specifies that the purchase agreement is contingent on the buyer being able to obtain mortgage financing. If the buyer is unable to obtain a mortgage, the buyer can back out of the deal and get their deposit back.Types of contingency clauses.
A financing contingency, also known as a mortgage contingency clause, is the most typical contingency clause utilized by buyers. A buyer's option to terminate the contract and recover their deposit depends on the fulfillment of this clause. The home sale is contingent on the buyer obtaining a mortgage or other financing. If the buyer cannot get financing, he or she may terminate the contract and receive a refund of any deposit paid.A contingency statement is a provision in a contract that allows a party to void the contract if a particular condition is not met. Contingencies are most commonly used in real estate transactions to ensure that the transaction proceeds as intended. Contingencies protect buyers and sellers by allowing them to back out of the deal if specific conditions are not met.
To know more about contingency clause click on below link :
https://brainly.com/question/16992715
#SPJ11
what is the due date for calendar-year corporate income tax returns assuming the date does not fall on a saturday, sunday or holiday?
The due date for calendar-year corporate income tax returns assuming the date does not fall on a Saturday, Sunday, or holiday is March 15. A corporate tax is a tax levied on the profits earned by firms and organizations.
The government's goal in imposing a corporate tax is to raise revenue to finance public spending on goods and services, as well as to provide other public benefits. The tax is based on a company's net profit, which is the amount of money left over after all of its expenses have been paid.
A calendar year is a one-year period that begins on January 1 and ends on December 31 of the same year. This year is the most popular and frequently used fiscal year for businesses and other organizations in the United States. A due date is the date on which a payment or other obligation must be paid or satisfied. A due date is typically specified in a contract, bill, invoice, or other financial or legal document. Failing to meet the due date may result in penalties, late fees, or other consequences.
Learn more about income tax return calendar year https://brainly.com/question/29334822
#SPJ11
question content area a statement of stockholders' equity reports the changes in stockholders' equity for a period of time. true false
The statement of stockholders 'equity reports the changes in stockholders' equity for a period of time is True.
This statement typically shows the beginning balance of stockholders' equity, any changes that occurred during the period (such as net income, dividends paid, and stock issuances), and the ending balance of stockholders' equity.
The statement of stockholders' equity is an important financial statement that is often included in a company's annual report or 10-K filing with the Securities and Exchange Commission (SEC). It provides useful information for investors and analysts to understand how a company's equity has changed over time and what factors have contributed to those changes.
Learn more about stockholders at: https://brainly.com/question/29705807
#SPJ11
a(n) opening involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect. group of answer choices introduction curiosity compliment product referral
An introduction involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect. Thus, the correct answer is (a) Introduction.
An introduction is the first stage in the personal selling process, where the salesperson meets the prospect and establishes a relationship. In this stage, the salesperson aims to gain the prospect's attention and interest by introducing the product or service and highlighting its features and benefits. The purpose of an introduction is to begin building rapport with the prospect and to create a foundation for the rest of the sales process.
The other options listed (curiosity, compliment, product referral) are not related to the initial stage of the personal selling process.
Therefore, the correct answer is (a) Introduction.
You can learn more about personal selling process at
https://brainly.com/question/14616825
#SPJ11
bob is willing to sell his old car for $5,000. suzy is willing to pay $8,000 for bob's car. after negotiation, bob agrees to sell suzy his old car for $6,000. how much producer surplus does bob get?
Bob gets a producer surplus of $1,000 ($6,000 - $5,000).Producer surplus is the difference between the price at which a producer is willing to sell a good and the price at which the good is actually sold.
In this case, Bob is the producer and the good is his old car. Bob was initially willing to sell his car for $5,000, but he ended up selling it for $6,000, so his producer surplus is: $6,000 - $5,000 = $1,000.Therefore, Bob's producer surplus from the sale of his old car is $1,000. after negotiation, bob agrees to sell Suzy his old car for $6,000.
Read more about microeconomics here:https://brainly.com/question/8648375
#SPJ11
During the ________ stage of the product life cycle, product sales may plunge to zero, or drop to a low level where they continue for many years.
a. decline
b. growth
c. ideation
d. maturity
e. analysis
During the decline stage of the product life cycle, product sales may plunge to zero, or drop to a low level where they continue for many years.
A product life cycle (PLC) is a concept in marketing that describes the stages a product passes through during its lifetime. The life cycle of a product is broken down into four stages: introduction, growth, maturity, and decline.
A business will typically choose different marketing strategies for a product based on where it is in the product life cycle. For example, in the introduction stage, a business may focus on creating awareness and generating demand for the product, while in the growth stage, the focus may shift to expanding distribution and building brand loyalty.
During the decline stage of the product life cycle, product sales may plunge to zero, or drop to a low level where they continue for many years. At this point, the product may no longer be profitable for the business, and they may choose to discontinue it or try to revitalize it with new marketing strategies.
Learn more about Product Life Cycle: https://brainly.com/question/29099285
#SPJ11
imagine a capacity constrained, single resource process with multiple employees working at the single resource. if the number of employees increases, then what will happen to the cycle time for the process? multiple choice question.
The cycle time for the process will decrease as the number of employees increases in a capacity constrained, single resource process with multiple employees working at the single resource. Therefore, the correct option is b.
Capacity-constrained is a term used in supply chain management to refer to a situation in which the available resources in the system are insufficient to meet the demand from the customers. Capacity constrained systems require a coordinated effort to manage the resources effectively, ensuring that the output is optimized while minimizing the waste.
To understand how the number of employees affects the cycle time of a capacity constrained, single resource process with multiple employees working at the single resource, consider a scenario where there are four employees working on a task that takes eight hours to complete. The cycle time for this task would be two hours per employee. If an additional employee is added to the team, the cycle time for the task would decrease to 1.6 hours per employee, resulting in a faster turnaround time for the process.
Therefore, the correct answer to the question is b. It will decrease.
Note: The question is incomplete. The complete question probably is: Imagine a capacity constrained, single resource process with multiple employees working at the single resource. If the number of employees increases, then what will happen to the cycle time for the process? a. It will stay the same b. It will decrease c. It will increase.
Learn more about Cycle time:
https://brainly.com/question/15356513
#SPJ11
procedure codes, known as current procedural terminology (cpt) codes, are most commonly used to group cost centers for:
CPT codes are used to group cost centers for medical billing and reimbursement purposes.
CPT codes are primarily used to group cost centers for medical billing and reimbursement purposes. These codes are five-digit numeric codes that represent specific medical services, procedures, and tests performed by healthcare providers.
To further explain the process, when a healthcare provider performs a medical service or procedure, they assign the corresponding CPT code to that service. The CPT code is then used by insurance companies and other payers to determine how much to reimburse the healthcare provider for the service.
By grouping medical services and procedures into specific CPT codes, healthcare providers can track and analyze their costs and revenues, as well as identify areas where they may need to make changes to improve efficiency and profitability.
For more questions like CPT codes click the link below:
https://brainly.com/question/29335510
#SPJ11
according to parker and kunde (2017), there are times when team members make a decision based on the desire to be part of the team rather than the realistic appraisal of the situation. this is called
According to Parker and Kunde (2017), there are times when team members make a decision based on the desire to be part of the team rather than the realistic appraisal of the situation. This is called groupthink.
Groupthink occurs when team members make decisions based on what they believe the team wants, rather than on an objective assessment of the situation. This often results in bad decisions as team members are too concerned about being accepted by the group and not taking enough time to consider the implications of the decisions being made.
Groupthink can be caused by a number of factors, such as a desire to maintain harmony, lack of creativity or experience, and lack of participation in the decision making process. It can also be caused by the presence of an individual or leader who is overly influential.
To avoid groupthink, team members must be encouraged to think independently and to share their ideas. They should also be made aware of the possible consequences of their decisions. Furthermore, decision making should be open to all members and time should be taken to assess the implications of the decision.
Finally, it is important to remember that groupthink is not always bad. In some cases, it can be beneficial, as it can help the team reach a consensus quickly and allow for decisions to be made without the need for lengthy debates. However, this should be done with caution, as bad decisions can have disastrous consequences.
To know more about groupthink, refer here:
https://brainly.com/question/29750059#
#SPJ11
FILL IN THE BLANK. Springfield Co., based in the U.S., has a cost from orders of foreign material that exceeds its foreign revenue. All foreign transactions are denominated in the foreign currency of concern. This firm would _______ a stronger dollar and would _______ a weaker dollar.
Springfield Co., based in the U.S., has a cost from orders of material that exceeds its foreign Revenue. All foreign transactions are denominated in the foreign currency of concern. This firm would suffer from a stronger dollar and would benefit from a weaker dollar.
A stronger dollar means that the U.S. currency is worth more than other currencies. When the dollar is strong, foreign goods and services become less expensive for American consumers. This will cause Springfield Co. to pay less for foreign material orders, which will increase the firm's foreign revenue.
The company will benefit from a stronger dollar. What is a Weaker Dollar?When the U.S. currency is worth less than other currencies, it is known as a weaker dollar.
This will cause foreign goods and services to become more expensive for American consumers. As a result, Springfield Co.
To learn more about, Revenue.
https://brainly.com/question/16232387
#SPJ11
inventory costing methods place primary reliance on assumptions about the flow of question 7 options: 1) values. 2) resale prices. 3) costs. 4) goods.
Inventory costing methods place primary reliance on the assumptions about the flow of costs. These organizations keep a track of money. The correct option is 3.
What are Inventory costing methods?Inventory costing methods are used by organizations to keep track of how much money they spend on their products, what products are available, and how much profit they are making. It is essentially a way of keeping track of how much of the company's funds are tied up in its products.
Inventory costing methods are critical for accurately pricing products and determining the overall profitability of a company. Inventory costing methods depend on two primary assumptions:
1. Cost flow assumptions: There are several cost flow assumptions for inventory costing, including FIFO (first in, first out), LIFO (last in, first out), and weighted average.
2. Periodic and Perpetual Inventory Systems: A periodic inventory system records inventory transactions only at the end of an accounting period.
Therefore, the correct option is 3.
Learn more about Costing methods here:
https://brainly.com/question/14917620
#SPJ11
those who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that group of answer choices offer more direct support to the poor. are unsympathetic to the poor. tend to blame the poor for their problems. are more neutral regarding poverty and unemployment.
People who make dispositional attributions about poverty and unemployment often adopt political positions that offer more direct support to the poor.
What are dispositional attributions?
Dispositional attributions are personal factors such as attitudes, traits, and abilities that are used to explain behavior. Therefore, people who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that offer more direct support to the poor. However, those who tend to blame the poor for their problems are unsympathetic to the poor. It is important to consider that some people may adopt a more neutral stance regarding poverty and unemployment. They do not adopt positions that offer direct support to the poor or blame them for their problems.
Some may choose to analyze the situation more critically and determine the factors that contribute to poverty and unemployment. They may use this analysis to help create policies that address the underlying causes of poverty and unemployment. In conclusion, those who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that offer more direct support to the poor. They are more sympathetic to the poor and recognize that external factors contribute to poverty and unemployment.
For more about dispositional attributions:
https://brainly.com/question/4438882
#SPJ11
when nonbottleneck resources are scheduled with larger batch sizes, it is possible that they will become a bottleneck. how is this possible?
The batch size of the resource is too large for it to handle, it will become a bottleneck and slow down the overall system performance.
When non-bottleneck resources are scheduled with larger batch sizes, they can become a bottleneck if the additional load causes the processing rate of that resource to slow down.
This can happen if the resource is not able to handle the increased workload and requires more time to process the data. For example, if the resource is a CPU or a database server, it could be overwhelmed with more requests for processing than it is capable of handling, causing the processing rate to decrease.
Additionally, if the resource is a network or storage device, the increased load may cause the network or storage throughput to slow down, causing the resource to become a bottleneck.
In general, if the batch size of the resource is too large for it to handle, it will become a bottleneck and slow down the overall system performance. This is why it is important to carefully monitor the system performance and adjust the batch sizes of the resources accordingly.
To know more about bottleneck refer here:
https://brainly.com/question/13302820#
#SPJ11
returning to problem 1, what are the average labor-hours needed over the six-week period, and how might the company handle deviations from the average? how might they staff their departments?
The average labor-hours needed over the six-week period can be determined by dividing the total labor-hours by the number of weeks, which is 6.
To handle deviations from the average, the company can review the staff's performance and adjust the labor-hours as needed. To staff their departments, the company can consider hiring additional employees as needed or changing the schedules of existing employees to meet the labor-hours requirements. Additionally, the company can provide additional training for their employees to improve their productivity.
Learn more about labor-hours: https://brainly.com/question/29665694
#SPJ11
true or false: if a partner in a cpa firm lacks independence with respect to client engagement, the firm loses its independence with respect to that engagement
The given statement, "If a partner in a CPA firm lacks independence with respect to client engagement, the firm loses its independence with respect to that engagement," is false (F) because the lack of independence of one partner does not necessarily result in the loss of independence of the entire CPA firm with respect to that engagement.
Independence is a fundamental principle in the field of accounting, particularly in auditing and attestation services. It ensures that an auditor or CPA firm remains objective, impartial, and free from any conflicts of interest that may affect the quality and integrity of their work.
In the case of a CPA firm, the independence of one partner does not necessarily affect the independence of the entire firm. While the partner may be deemed not independent with respect to a particular engagement, the firm may still be independent as long as other partners and staff involved in the engagement remain objective and free from any conflict of interest.
However, if the lack of independence is pervasive or systemic, and it affects the entire firm's ability to maintain objectivity and integrity in its work, then it may result in a loss of independence of the entire firm with respect to the engagement.
Learn more about CPA firm https://brainly.com/question/29655729
#SPJ11
profitability is an absolute number that appears on the bottom line of an income statement. question 21 options: true false
The statement “Profitability is an absolute number that appears on the bottom line of an income statement” is TRUE.
In accounting, profitability is a measurement of a company's capacity to generate earnings relative to its expenses and other relevant costs. It is a business's ability to produce a net income as a result of its economic activities.
It refers to how efficiently a company employs its assets to produce profits. It is one of the most important indicators of a company's financial health, as it demonstrates its ability to produce profits while also managing expenses.
A company's profit is stated on the bottom line of the income statement. It can be computed in a variety of ways, but the most frequent metric is net income. Net income is a company's overall revenue minus all costs and expenses.
It is possible to assess whether a company is profitable or not using the net income metric. A firm's profitability is affected by many factors, including its industry, product pricing, and cost structure.
A firm's profitability can also be determined using other financial ratios, such as gross profit margin, operating profit margin, and return on equity. A company's profitability is a critical measure of its financial well-being.
A company with a high level of profitability is frequently viewed as more stable and secure. The profitability figure on the income statement is the most important figure because it measures how much money the company earns after all expenses are deducted.
to know more about profit refer here:
https://brainly.com/question/29987711#
#SPJ11
how can one determine the level of influence an interest group has had in foreign policy decision making?
The level of influence an interest group has had in foreign policy decision-making can be determined by looking at the ways they engage with the government. This includes evaluating their public statements, analyzing the government's response, and studying the outcome of policy decisions.
Public statements from the interest group can help gauge the level of influence. This can include statements about the current foreign policy, their opinion on proposed changes, and the impact of existing decisions. Analyzing the government's response to these statements can provide insight into the influence the group has had.
The outcomes of foreign policy decisions are also telling. If the policy decision closely aligns with the position of the interest group, it can indicate a higher level of influence. On the other hand, if the policy decision is in direct opposition to the position of the interest group, then the level of influence is likely lower.
Overall, the level of influence an interest group has had in foreign policy decision making can be determined by looking at their public statements, the government's response, and the outcome of policy decisions.
To know more about foreign policy click here:
https://brainly.com/question/11248576#
#SPJ11
martine, a seller, is looking at her closing statement. which of the following is she most likely to see?
Martine is most likely to see "The $5,000 earnest money she received as an item in the buyer's credit column" in her closing statement.
In a real estate transaction, the closing statement is a document that outlines all of the financial details of the transaction, including the sale price, any credits or debits to the buyer or seller, and any payments made. The earnest money is a deposit made by the buyer to show good faith and commitment to the transaction. Typically, the earnest money is held in escrow and credited to the buyer at closing.
In Martine's case, she is the seller, and the earnest money she received from the buyer would be credited to the buyer in the closing statement. This means that Martine would see the $5,000 in the buyer's credit column on the closing statement, indicating that the earnest money has been applied towards the buyer's final costs.
Learn more about closing statement: https://brainly.com/question/30166793
#SPJ11
FILL IN THE BLANK. ___ is the difference between money from exports and money from imports, as well as from other sources such as foreign investment and military expenses.
Balance of payments is the difference between money from exports and money from imports, as well as from other sources such as foreign investment and military expenses.
Balance of Payments (BoP) is an account of all financial transactions that take place between a country's residents and those in the rest of the world over a specified time period. It's a systematic record of a country's economic transactions with other countries, including imports and exports of goods, services, and capital. A country's BOP has broken down into two accounts: the current account and the capital account.
You can learn more about export at: brainly.com/question/14298133
#SPJ11
financial institutions may sell credit default swaps on mortgages if they expect defaults on many mortgages. a. true b. false
The given statement, "financial institutions may sell credit default swaps on mortgages if they expect defaults on many mortgages," is true.
Financial institutions sell credit default swaps (CDS) when they believe there is a higher chance of defaults on many mortgages.A credit default swap is a type of derivative instrument that provides investors with protection against credit risk. It is a contract between two parties in which one party pays regular premium payments to the other party, and in exchange, the other party agrees to pay a specified amount if a third-party borrower defaults on their loan obligations.CDS can be used to transfer the risk of default from a lender to an investor. If the borrower defaults on their loan, the investor will receive compensation from the CDS seller. When a financial institution sells a CDS, it is essentially betting that the borrower will default on their loan. They receive a premium payment for taking on this risk. CDS are often used to hedge against losses on loans, bonds, or other types of debt securities in a portfolio.
To know more about credit default swap click on below link :
https://brainly.com/question/22312750#
#SPJ11
prepare journal entries to establish the fund on may 1, to replenish it on may 15 and on may 31, and to reflect any increase or decrease in the fund balance on may 16 and may 31. (Round your answers to 2 decimal places.) Date General Journal Debit CreditMay 15
On May 1, an initial fund balance was established in the fund. To establish the fund, a journal entry was created with the amount of the fund being credited to the fund account, and the corresponding amount being debited to the cash account.
On May 15, the fund was replenished. A journal entry was created to reflect the replenishment, with an amount being credited to cash and debited to the fund account.
On May 16, any changes in the fund balance were recorded by creating a journal entry. If the balance increased, the fund account was credited, and the corresponding amount was debited to the cash account. If the balance decreased, the fund account was debited and the corresponding amount was credited to the cash account.
On May 31, the fund was replenished again. A journal entry was created to reflect the replenishment, with an amount being credited to cash and debited to the fund account. Additionally, any changes in the fund balance on this date were recorded by creating a journal entry. If the balance increased, the fund account was credited, and the corresponding amount was debited to the cash account. If the balance decreased, the fund account was debited and the corresponding amount was credited to the cash account.
Overall, the series of journal entries established, replenished and tracked the fund balance on May 1, May 15, May 16 and May 31.
Know more about journal entry here
https://brainly.com/question/15889958#
#SPJ11
the law of demand states that the quantity demanded of a good is inversely related to the price of that good. therefore, as the price of a good goes:
The law of demand states that the quantity demanded of a good is inversely related to the price of that good.
Therefore, as the price of a good goes up, the quantity demanded of that good goes down, and as the price of a good goes down, the quantity demanded of that good goes up.
This law applies to most goods and services, with a few exceptions, such as Giffen goods and Veblen goods.
Learn more about demand at
https://brainly.com/question/29703449
#SPJ11
title will be delivered on a different day than the day the buyer plans to take possession on. the parties should use a/an
When the title will be delivered on a different day than the day the buyer plans to take possession, the parties should use to hold the property until the title is delivered.
Escrow refers to the use of an independent third party to hold funds or documents on behalf of two parties involved in a transaction until certain conditions have been met, allowing the transaction to go forward without either party fearing they will be scammed out of their property, money, or other valuable assets.
The buyer and seller both deposit the funds or documents in escrow, and the transaction is then completed according to the terms of the contract. This process protects both parties involved in the transaction, ensuring that the funds are available for the seller and that the property is delivered to the buyer according to the agreed-upon terms.
to know more about buyer plans refer here
https://brainly.com/question/30138138#
#SPJ11
if a one-year project costs $100,000 and is expected to return the firm $105,000, then the rate of return of the project is: a $105,000. b 105%. c $5,000. d 4.8%. e 5%.
if a one-year project costs $100,000 and is expected to return the firm $105,000, then the rate of return of the project is 5%.
The rate of return (ROR) of a project is calculated as the net gain from the project divided by the initial investment, expressed as a percentage. In this case, the net gain is the return of $105,000 minus the initial cost of $100,000, which equals $5,000.
So,
ROR = ($105,000 - $100,000) / $100,000 x 100%
= $5,000 / $100,000 x 100%
= 5%.
Rate of return (ROR) is a measure of the profitability of an investment, expressed as a percentage. It is calculated as the net gain or loss of an investment divided by the initial investment amount. The ROR is an essential metric for investors and is used to compare the performance of different investment opportunities. It helps investors to evaluate the potential profitability of an investment and to make informed investment decisions.
learn more about rate of return here
https://brainly.com/question/24232401
#SPJ1
if company a has a higher net operating profit margin (nopm) than company b, then company a's rnoa will be higher. select one: true false
The given statement "if company a has a higher net operating profit margin (nopm) than company b, then company a's rnoa will be higher" is True.
The return on net operating assets (RNOA) of Company A will be higher than that of Company B if Company A has a higher net operating profit margin (NOPM). This is because the RNOA is calculated as the NOPM divided by total assets minus non-operating assets.
When Company A has a higher NOPM, its RNOA will be higher than Company B's.
The NOPM measures the net operating profit relative to total operating assets and is the ratio of operating income to total assets.
It indicates how well a company is able to use its assets to generate income. RNOA, on the other hand, measures the return on operating assets and indicates the efficiency with which a company can generate a profit from its operating activities.
In conclusion, if Company A has a higher NOPM than Company B, then its RNOA will be higher than that of Company B.
To know more about (RNOA) refer here:
https://brainly.com/question/15522141#
#SPJ11
investors may agree to purchase capital stock from a corporation and pay at a later date. this creates a legally binding contract known as a.contracted capital stock. b.subscribed capital stock. c.outstanding capital stock. d.treasury stock.
Purchase capital stock will create a subscribed capital stock. The correct answer is b. Subscribed capital stock.
Subscribed capital stock is a legally binding contract between investors and a corporation wherein the investors agree to purchase capital stock from the corporation and pay for it at a later date. A contracted capital stock is a legally binding contract that occurs when investors agree to purchase capital stock from a corporation and pay for it at a later date. This allows investors to purchase shares in the company without paying for them immediately. Treasury stock is the opposite - it refers to shares that a company has previously issued and bought back.
Here you can learn more about Subscribed capital stock https://brainly.com/question/15055661
#SPJ11