A commercial bank holds deposits and pays account holders' interests at regular intervals. Hence, the correct choice is option B.
What is a commercial bank?A commercial bank is an institution that is established as a profit financial organization that accepts deposits, gives loans, and presents different financial services to its customers.
Commercial banks assist satisfy the medium- and short-time period monetary necessities of businesses.
Hence, A commercial bank holds deposits and pays account holders' interests at regular intervals. the correct choice is option B.
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-transposition
-reversal of entries
-original entry
-omission
•Ethan records $1,000 as a rent expense; however, the actual rent paid was
$1,500.
•Ethan records stationery expenses as $251, but it should have been $215.
•Ethan records salaries of $5,000 as credits instead of debits.
•Ethan made a subtraction error while analyzing the profit on the sale of an
asset.
•Ethan completely overlooked stationery expenses of $115.
calculation
1000
Match each definition to each example.
Accounting error are errors committed in accounting, which are not intentional.
What is accounting error?These are unintentional errors committed in accounting, which are often corrected when spotted.
Matching each definition to each example is shown below:
Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entryEthan records stationery expenses as $251, but it should have been $215 TranspositionEthan records salaries of $5,000 as credits instead of debits. Reversal of entriesEthan made a subtraction error while analyzing the profit on the sale of an asset. CalculationEthan completely overlooked stationery expenses of $115. OmissionLearn more about accounting errors here : https://brainly.com/question/25671660
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Gross Pay: $576.00
What is the net pay after the deductions for Questions 1-3?b
Based on the gross pay and the given deductions the net pay can be found to be $474.34.
What are the deductions from the gross pay?From the complete question, there are three deductions: the federal income tax of 10%, the social security tax of 6.2%, and the medicare tax of 1.45%.
The net pay is:
= 576 - (576 x 10%) - (576 x 6.2%) - (576 x 1.45%)
= 576 - 57.60 - 35.71 - 8.35
= $474.34
Rest of the question is:
federal income tax (10% gross pay) social security tax (6.2% gross pay) medicare tax (1.45% of gross pay).
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The activities needed to operate a business can be divided into a number of
The activities needed to operate a business can be divided into a number of three types of activities. These are operating, investing, and financing activities.
What are business activities?Business activities can be defined as kinds of activities firms conduct for achieving their purpose. It helps in generating revenues and ensuring business continuity.
The major three types of activities are operating, investing, and financing activities. Operating activities support the entity's primary purpose. Financing deals with collecting funds for financial strength and growth. Investing activities are when a business invests in long-term assets.
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Which of the following describes possession utility?
The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
What is possession utility ?Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.
In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
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Attached below are the missing options
A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.
B. Acquiring inputs and transforming them into products or services of greater customer value.
C. Effectively managing all value-added processes that influence when a product is available for purchase.
D. Assuring that products and services are where customers expect to find them—when they are needed.
E. All of the above
what are the main conclusion that can be draw from the Hawthorne experiments
Answer:
Four general conclusions were drawn from the Hawthorne studies:
Explanation:
1. The aptitudes of individuals are imperfect predictors of job performance.
2. Informal organization affects productivity. ...
3. Work-group norms affect productivity. ...
4. The workplace is a social system.
Match the given scenarios to the different phases in business cycle.
-Onyx Corp. has decided
to make long term
investments
-The economy of the country
has recorded its highest
employment rate
-Jewel Inc. has decided
to lay off some of its
employees
-Jones family's purchasing
power is higher than ever
-Onyx Corp. is hiring
workers for its factory
-Jewels Inc.'s sales
have dipped
expansion phase
peak phase
recession phase
The business cycle is classified into the birth phase, expansion phase, peak phase and recession phase.
What is a business cycle?This is an economic cycle that consist of recession, recovery, growth, and decline of a firm or a country economy.
The stage where Onyx Corp. has decided to make long term investments is the expansion phase.The stage where the economy of the country has recorded its highest employment rate is the peak phase.The stage where Jewel Inc. has decided to lay off some of its employees is the recession phase.The stage where Jones family's purchasing power is higher than ever is the peak phase.The stage where Onyx Corp. is hiring workers for its factory is the expansion phase.The stage where Jewels Inc.'s sales have dipped is the recession phase.Read more about business cycle
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What is an example of a price floor
Answer:
Minimum Wage
Explanation:
A price floor simply tells us the minimum price a commodity can be bought. A good example is the minimum wage. In this case, employers cannot pay employees lower than this amount.
Which of the following is a period during which aggregate output, as measured by real GDP, declines
A. System-wide economic disorder
B. Deflation
C. Stagflation
D. Recession
E. Inflation
Answer:
D. Recession
Explanation:
Aggregate output in an economy declines during a recession. This is because economic activities are declining. When such occurs GDP declines. This is different from stagflation in the sense that during a recession, only real GDP declines. However, in a stagflation, the fall in GDP also results to the increase in inflation. During recessions, economic activities are low so is price level.
What are the two major components of a working capital management strategy
Answer:
The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.
b. Explain three (3) benefits that entrepreneurs like Daniel Stewart and his partner, who create business plans before launching their companies reap?
The major three benefits that entrepreneurs like Daniel and his partner who create business plans are increased clarity in decision making, providing structure, and support for funds.
What do you mean by entrepreneurs?An entrepreneur refers to a person who set up his own business by taking out financial risks in the hope of profits.
A business plan can help in bringing out clarity to the decision-making process. It also helps in finding out how to get funds for the business and provides structure and defines business management objectives.
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A point outside a society's production possibilities curve is one that is
Part 2
A.
unattainable given the resources of the society.
B.
technologically inefficient.
C.
undesirable given the implied underemployment of resources.
D.
desirable since it satisfies the desires of the population.
A point outside a society's production possibilities curve is one that is A. unattainable given the resources of the society.
What is a Production Possibilities Curve?
This refers to the economic model that shows the cost of a society's choice when faced with the choice of different goods.
Hence, given the graphical curve, it can be noted when there is a point outside the production possibilities curve of a given society, this means that the goods are unattainable given the resources of the society.
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What is meant by "lean production"?
Answer:
Lean production is a production methodology focused on eliminating waste, where waste is defined as anything that does not add value for the customer. Although Lean's heritage is manufacturing, it is applicable to all types of organisation and all an organisation's processes.
Explanation:
what are the negative impact of strikes as a socio economic issue on businesses
Explanation:
1) delayed productivity
2) makes people engage in illegal business in order to meet their needs
3) it gradually brings the Country Economic ranking down
Which type of professor is essentially a
part-time, postsecondary teacher?
A. adjunct
B. emeritus
C. provost
The correct option A). adjunct. An adjunct professor is essentially as part-time, postsecondary teacher.
What is an adjunct professor?An adjunct professor is a part-time professor for a college or university. They do not hold the permanent position at particular academic institution.
An adjunct professor is not required to participate in the academic responsibilities and research like the other full time professors.
Basically, they are hired on the contractual basis.
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On june 5, x-mart purchased $400 of merchandise with terms of 2/10,n/30. If payment is made on june 11, calculate the purchase discount that may be taken by x-mart.
Based on the amount that X-Mart purchased, and the date they paid, the discount taken would be $8.
How much discount would X-Mart get?The terms are 2/10,n/30 which means that if X-Mart pays within 10 days, they would get a 2% discount.
They paid on the 11th which is 6 days later so they will get the 2% discount of:
= 2% x 400
= $8
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half of the answers im getting from here are wrong for the edmentum/plato questions, therefore making me fail my tests. id appreciate if people would stop posting the wrong answers
if there are 25 number 05 buyers what will be market demand
Answer:
its demand increases and when the price of a commodity rises,
Explanation:
demand decreases other things remaining constant.
On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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Why does each generic business model require a different set of business-level strategies?
A chart of accounts lists the accounts and balances at a specific time.
True
False
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
What is a chart of accounts?chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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After viewing the video clip on ""KlipTech"" provide an argument that Joel Klippert and his idea represent an entrepreneurial venture. What ""School of Thought"" would he best represent? Be specific in your arguments.
Steve Case of AOL:
The 3 –Ps- https://ecorner.stanford.edu/in-brief/the-three-ps/
The Role of Luck- https://ecorner.stanford.edu/in-brief/the-role-of-luck/
Make it Happen- https://ecorner.stanford.edu/in-brief/make-it-happen/
Joel Klippert developed an innovative idea for building skate ramps with fibers and recycled paper, which, being risky, did not attract investors.
According to Mintzberg, the school of thought for formulating the strategy he would represent would be the design school.
What is the design school?It is a strategy focused on the development of new ideas, where the objective is to balance the strength of the micro with the strength of the macro environment in which it is inserted. For this, the company performs the SWOT analysis that will increase its view of the market.
Therefore, for an innovative idea of entrepreneurship to be effective, it is necessary to know the internal and external environment, which will help the company to overcome the risks and be well positioned.
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A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?
Can someone explain why it is -$100,000 vs $-150,000
Based on the value of the land, the recognized opportunity cost for the project is -$100,000.
What is the opportunity cost of the land?When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.
In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.
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Creating, developing, retaining, and obtaining products and services that meet consumer needs is called _____.
A. distribution
B. financing
C. marketing-information management
D. product/service management
Answer:
D. Product/service management
Explanation:
"Creating, developing, retaining, and obtaining...meets consumer needs" basically equals management
"Products and services"=product/service
Add them together is product/service management!
Let me know if you have any more questions :)
Marcus is a receptionist for a medium-sized company. His boss asks him to review a slide presentation that the boss will give to new employees.
Which piece of advice would it make the MOST sense for Marcus to give?
OA. "Limit yourself to three colors so people will focus on the message and not the design."
OB. "Add lots of transition effects to make the presentation more interesting and dramatic."
OC. "Put lots of text on each slide. There are so many important details new employees should know right away."
OD. "Include lots of images, even if they don't directly relate to the subject matter. People love pictures!"
Reset
Next
Why can a credit union lend money to members at reduced rate
Answer:
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.
Four years ago, Sam purchased a vacant lot for $10,000. He just sold it for $13,000. During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. How much did Sam gain or lose on the sale?
The amount that Sam gain on the sale equals $640.
What is the amount paid by Sam?In this calculation, In four years, he would pay $2,360 in taxes, maintenance and miscellaneous expenses
Hence, this makes the vacant lot worth $12,360 ($10,000 + $2,360).
Therefore, the amount that Sam gain on the sale equals $640.
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Questions:
1. What can be done to encourage the sales force to engage in more cross-selling?
2.
Does the current FAM trip program serve as a motivational tool for the sales force? Justify your
response.
3. Discuss what is needed in terms of sales incentives and sales controls to achieve the objectives
of International Travel Agency
1. To encourage the sales force to engage in more cross-selling:
Give salespeople more attractive and rewarding incentives.Offer loyalty perks to customers.Identify the specific products for cross-selling.2. We can conclude that the current FAM trip program serves as a motivational tool for the sales force because a Familiarization trip gives the salespeople firsthand experience.
3. For the sales incentives and sales controls to achieve the objectives of the International Travel Agency, they must:
Be easy to operate and maintainUser-friendly for the sales and finance teamsProvide reasonable ROI measurement tools.What is cross-selling?Cross-selling is the marketing practice that encourages salespeople to market additional or related products or services to existing customers who are currently making some purchases.
Some of the advantages of cross-selling include:
Boosting sales revenueIncreasing customer satisfactionBuilding customer engagementCreating solid and lasting customer relationships.Thus, to encourage the sales force to engage in more cross-selling, offer:
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why should firms take into account total supply chain profitablity when making decisions?
Explanation:
true or false effective policies and strategies are necessary for economic growth and development
An account is a record of increases and in a specific asset, liability, equity, revenue or expense.
An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.
What is an account?An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.
An account contains all types of transactions, whether related to financial or non-financial.
Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.
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A(n) rate can cost you more on a loan when you carry a balance from
one month to the next.
OA. compound interest
OB. effective interest
O C. annual percentage
OD. simple interest
A rate can cost you more on a loan when you carry a balance from one month to the next to are compound interest. Thus, option (a) is correct.
What is loan?
A loan is a sum of money that is lent to someone or something by a person, company, financial organization, or government. Mortgage, student, and personal loans are some numerous loan types.
When there is a fixed rate of interest for a set period of time, compound interest is the amount added to the principal and the total cumulative interest. The compound interest are the three divisions of half-yearly, quarterly, and monthly.
The compound interest rate is preferable if you're carrying over a loan balance from one month to the next because it permits your money to increase more quickly than the other rate.
Therefore, option (a) is correct.
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