The correct option is C). banks do not influence the supply of money.
What is 100-percent-reserve banking?100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.
In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.
This system is also known as full-reserve banking.
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The primary function of the american health information management association is to:.
Explain how key concepts may help you as you move forward, whether in the world of
business or otherwise.
The concept of profit making in business helps an organization to be afloat and sustainable.
What is Concept?This is referred to as abstract ideas about a particular subject or topic and profit making concept involves selling at a price higher than the cost price.
This will help reduce loss and keep business sustainable in the long term future.
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after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, the following will most likely occur
The next thing to occur would be B. the price level in the economy will rise and the money demand will decrease
What is Interest Rate?This refers to the amount of money that is added to be paid back on the settlement of a loan.
Hence, we can see that after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, thus will cause the price level in the economy will rise and the money demand will decrease
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Your client has recorded a bill for $100 in quickbooks online for some supplies they bought from walmart. when reviewing their bank feed, you see an item for $100 paid to walmart dated the same as the bill transaction. which action should you take
As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.
What is a journal entry?A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.
In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.
Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.
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A firm experiences diseconomies of scale when it:
A firm experiences diseconomies of scale when it: grows so large that the cost per unit has to increase.
What is referred to as diseconomies of scale?This has to do with the fact that a business has become so large. When it grows to be so big, the cost for every unit would then have to raise.
Limited resources and infrastructure could be the reasons why there may be diseconomies of scale.
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Transaction exposure reflects: a.the exposure of a firm's financial statements to exchange rate fluctuations. b.the exposure of a firm's cash flows to exchange rate fluctuations. c.the exposure of a firm's local currency value to transactions between foreign exchange traders. d.the exposure of a firm's international transactions to exchange rate fluctuations.
Most times, the transaction exposure reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
What is a transaction exposure?This refers to the level of uncertainty that a firm involved in an international trade faces because of the risk that fluctuation of currency exchange rates presents.
Hence, its reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
Therefore, the Option A is correct.
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Research indicates that high-performance project teams are much more likely to develop under certain conditions. One of these conditions is that members are assigned to the project _______ time.
Research indicates that high-performance project teams are much more likely to develop under certain conditions. One of these conditions is that members are assigned to the project manager.
High performance teams are composed of individuals with specialized expertise and complementary skills who are hyper focused and goal oriented on achieving clear and outstanding results
So the members are assigned to the project management. It is the process of leading the work of a team to achieve all project goals with the given constraints.
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Pam and Marian have formed a limited partnership in the state of Massachusetts. Their business does well, and as it continues to expand, they would like to transact business in New Hampshire and Connecticut as well. They file applications with the secretaries of state in New Hampshire and in Connecticut. If they are issued certificates of registration in New Hampshire and Connecticut, their business will be considered a ________ in those states.
If Pam and Marian are successful in their application to New Hempshire and Connecticut, they will get a Certificate of Registration.
What is a certificate of registration?This is a legal document that is issued by the government of an area to show that a company can operate in the area because they have met the necessary requirements.
If Pam and Marian are cleared by the Connecticut and New Hampshire states, they will get Certificates of Registration.
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In market economies, most decisions are made by ___, while in command economies, most economic decisions are made by ___.
In market economies, decisions are made by individuals whereas, in command economies, economic decisions are made by a central authority.
What is the Economy?The economy refers to the position of a country when sufficient production and consumption of goods and services by the manufacturers and customers. This reflects the sufficient flow of money.
Market economy refers to the economy when any business is owned by an individual. In this type of economy, all the directions are followed by business given by individuals only, excluding government involvement.
In a command economy, it is controlled by government officials, and all the decision-making is done by them. This central authority will control the allotment of raw materials as well as resources utilized in production.
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The management methodology of using a firm's strategy to generate operational targets for the business and measuring progress towards them using the firm's enterprise systems is called: Key Performance Indicators (KPIs). benchmarks. the balanced scorecard method. business intelligence. Business Performance Measurement (BPM).
When management uses the firm's strategy to come up with operational targets this is called Business Performance Measurement (BPM).
What is Business Performance Measurement (BPM)?This is a strategy that is employed to ensure that a company meets its overall strategic goals and targets.
It works by breaking down the firm's strategy into targets that can be achieved through operational means and then measuring the progress of these operations.
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The branch of economics that examines the economy as a whole is called.
The branch of economics that examines the economy as a whole is called Macroeconomics.
What is macroeconomics?Macroeconomics studies the function of the entire economy of a nation, group of nations, or the world.
Microeconomics deals with individuals, households, organizations, and businesses as they interact within an economic system.
Thus, the branch of economics that examines the economy as a whole is called Macroeconomics.
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Which of the following is not a business transaction? a.Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month. b.Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. c.Erin provided services to customers earning fees of $600. d.Erin pays her monthly personal credit card bill.
(D) Erin pays her monthly personal credit card bill.
What is a business transaction?A business transaction is an economic event involving a third party that is documented in the accounting system of an organization. Such a transaction needs to have a monetary value. Purchasing insurance from an insurer is an illustration of a business transaction acquiring stock from a vendor.What is a credit card?A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.Since Erin paying her credit card is her personal transaction.
Therefore, the answer will be (D) Erin pays her monthly personal credit card bill.
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Question 3 of 20
International accountants need to keep track of
and gains when doing business in other countries.
OA. business success rates
B. exchange rates
OC. unemployment rates
OD. gross domestic product growth rates
which can affect losses
The International accountants need to keep track of the exchange rates and gains when doing business in other countries.
Why are exchange rates and gains important?These are important because this can affect the level of gains because the currency values in exchange differs.
Hence, they need to keep track of the exchange rates and gains when doing business in other countries.
Therefore, the Option B is correct.
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Physical units accounted for are 155000. Total conversion costs are $413370. There are 3800 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit
The conversion cost per unit of the inventory comes out to be $2.63.
What is a conversion cost?
A conversion cost is computed by adding the production overheads to the direct labor in the production process.
Given values:
Physical units: 155,000
Conversion cost: $413,370
Units in ending inventory: 1900 (3,800 X 50%)
Computation of conversion cost per unit:
[tex]\rm\ Conversion \rm\ cost \rm\ per \rm\ unit=\frac{\rm\ Conversion \rm\ cost}{\rm\ Physical \rm\ units + \rm\ Units \rm\ in \rm\ ending \rm\ inventory} \\\rm\ Conversion \rm\ cost \rm\ per \rm\ unit=\frac{\$413,370}{\$155,000 + \$1,900} \\\rm\ Conversion \rm\ cost \rm\ per \rm\ unit=\$2.63[/tex]
Therefore, $2.63 is the conversion cost per unit on the inventory.
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In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that it could purchase. In the next step, the managers evaluated each prospective company in depth to understand their methods of operations, processes, procedures, strengths, and limitations in order to choose the best target company. This process of evaluating the companies is best known as _________.
This process of evaluating the companies for acquisition is best known as A. Due diligence.
What is corporate acquisition?Corporate acquisition refers to the corporate act of taking over another company for business expansion and other strategic intents.
To make a successful acquisition, the acquiring company carries out due diligence by evaluating potential acquisition candidates.
Question Completion with Answer Options:A. Due diligence
B. Market intelligence
C. Consultation
D. Market evaluation
Thus, this process of evaluating the companies for acquisition is best known as A. Due diligence.
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(04.01 LC)
If an investor sells his investments and earns money,
O he can deduct the gains
O he will be taxed
O the initial value of the investment decreases
there will be government penalties on the transaction
If an investor sells his investments and earns money he will be taxed
A tax is a mandatory financial charge or other sort of levy placed on a taxpayer by an administrative body to pay for certain public expenditures and administrative costs.
Taxes are imposed by the government on the earnings of citizens and the profits of businesses, or they are included in the price of various products, services, and transactions as a mandatory contribution to state coffers.
Most nations have a tax system in place to finance public, shared, or agreed-upon national necessities as well as governmental duties. While some scale taxes are progressive based on bands of yearly income levels, most impose a flat percentage rate of taxation on personal annual income. The majority of nations impose taxes on both personal and business income. Wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, usage taxes, payroll taxes, fees, and/or tariffs are frequently levied by nations or subunits.
Hence If an investor sells his investments and earns money he will be taxed
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If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 percent. This illustrates:.
The effect of the decrease in the price of the guitars illustrates an elastic demand.
What does the price change illustrate?The first step is to determine the percentage change in the price of the guitars.
Percentage change in price = (2499 / 2699) - 1 = -0.074 = -7.4%
Now, determine the price elasticity of demand =30 / -7.4% = -4.1
The coefficient of elasticity is greater than 1 in absolute terms, thus the demand is elastic.
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Ben, a trainer, meets his team to discuss the possibility of senior engineers training new engineers. He also meets the human resources director to see if she can offer training seminars and to examine the effect of increased work experience on training requirements. Which step of the rational model of decision making is Ben at
The step of the rational model of decision-making that Ben is at is known as: Collecting and sorting Facts and or data.
What is Rational Model of Decision-Making?The above-named model refers to a decision-making technique that allows the user to make logical decisions that are void of emotions.
Hence, it is correct to indicate that the step of the rational model of decision-making that Ben is at is known as: Collecting and sorting Facts and or data.
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Due to FX Company's poor financial performance, John received a decrease in both his pay and benefits. He received a job offer from BT Corp. that included a significant pay increase, but he turned it down because he felt morally obligated to remain with FX despite its financial troubles. John's feelings toward his organization are best characterized as:
John feeling's toward his organization is known as a normative commitment as he turned down a new job despite the current job's financial troubles.
What is a normative commitment?This refers to when an employee believed he/she most stay committed to a particular target and most remain obligated in an organization.
Most time, the commitment exist in an employee when they feel a sense of obligation to the organization and want to pursue better opportunities.
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The intrinsic rate of the atriobventricular av bundle is beats/min
The intrinsic rate of the atriobventricular (av) node is 40 to 60 beats per minute (bpm).
What is the rate for beat for av?The arteries and veins are medium of transportation of material and nutrients in the body.
They beats 40 to 60 times in a minutes to show activeness in an individual.
Therefore, the intrinsic rate of the atriobventricular node is 40 to 60 beats per minute (bpm).
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the accompanying diagram depict's alex's demand for shoes. a. if shoes cost $50 a pair, how many pairs of shoes will alex buy?
If shoes cost $50 a pair, the number of shoes she would buy is 5.
How many shoes will she buy?The image shown is a demand curve. A demand curve shows the relationship between price and quantity demanded. Price is on the y-axis and quantity demanded is on the x-axis.
In order to determine the quantity demanded, trace $50 to the curve and trace it down to the x axis.
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A(n) __________ is one that appears to be an agreement but lacks an essential requirement for validity and enforceability. Multiple Choice executed contract valid contract enforceable contract void contract voidable contract
A document that purports to be an agreement but does not include all necessary terms is known as a void contract. Therefore, choice 3 is right.
What do you mean by a contract?A contract is defined as a commitment to do something between two or more parties. A loan arrangement between automobile purchasers and sellers is an illustration of a contract.
An arrangement between two persons to get married is an example of a contract.
A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract.
Hence, the correct option is Void contract to be filled in given blank
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Education and training of workers would best be categorized as:
Education and training of workers would best be categorized as: human capita development.
What is human capita development?This can be defined to be the investment in people. This type of investment is to offer them training that would ensure that they are able to get jobs that would make them self reliant.
Human capita development is very important in the growth and development of a nation.
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Changes in an individual's behavior resulting from previous experiences is:
Changes in an individual's behavior resulting from previous experiences is: Learning.
What is learning?This can be described as the changes that are evident in a person as a result of instructions that they received.
Learning is only said to have taken place when there is a difference between what was and what now exists.
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Consumers experience ______ marginal utility the more they consume of a particular good or service.
Answer:
less
Explanation:
The law of diminishing marginal utility states that, as consumption of a good or service increases, its marginal utility decreases.
A distribution of a company's accumulated prior earnings is a(n) ______.
The distribution of a company's accumulated prior earnings is a dividend.
What are dividends?Dividends are portion of money earned that are distributed to shareholders of such company.
These are offered mainly in form of cash and very crucial to shareholders for them to know the state of the finances of such business.
Hence we can conclude that the distribution of a company's accumulated prior earnings is a dividend.
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A healthy husband and wife, ages 45 and 40 respectively, wish to start funding for retirement at age 65. What is the most appropriate time horizon for the portfolio
The most appropriate time horizon for the portfolio to start funding for retirement at age 65 is 35 years
What is time horizon?Investments are held during time spans until they are required. The time horizon varies depending on how long or how short the investment aim is. The moment you start investing will also affect your time horizon. The power of compounding must operate for a longer period of time the longer the time horizon.It is reasonable to anticipate that these clients, who are 40 and 45 years old, will live for another 30 to 40 years.
Therefore, their investment portfolio should have the time horizon of 35 years.
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An adjusting entry is completed ________
In accounting, an adjusting entry is completed at the end of the accounting period.
What is an adjusting entry?This refers to the preparation of journal entry which occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
Hence, the adjusting entry is completed at the end of the accounting period.
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On August 22, Year 4, Martha purchases a computer to use in her childcare business. She sells the computer on December 28, Year 4, for $2,000 when the machine has an adjusted tax basis of $1,700. What is the amount and character of the gain on the sale
The amount is $300 and character of the gain on the sale is ordinary income.
Ordinary income
Using this formula
Gain on the sale=Cost of computer -Adjusted tax basis
Let plug in the formula
Gain on the sale=$2,000-$1,700
Gain on the sale=$300 (ordinary income)
Therefore the amount is $300 and character of the gain on the sale is ordinary income.
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Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business
The net income that must be expected to warrant starting the business is: $47,925.
Net income
Using this formula
Net income = ROE × Total equity
Let plug in the formula
Net income = 13.5% × $355,000
Net income = $47,925
Therefore the net income that must be expected to warrant starting the business is: $47,925.
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