Answer:
The basic difference between total cost and revenue is that the total coat include the total expenditure incurred on the production of a commodity whereas total revenue refers to the money received from selling that commodity
How do you think something like the WTO can impact State Sovereignty, if at all?
To what degree a state's Legal Sovereignty is affected by its participation in the World Trade Organization depends on whether we adopt a "revocability-based conception" or a "veto-based conception" of state sovereignty. This is further explained below.
What is Sovereignty?Generally, Sovereignty is simply defined as the power of a state to exert control over itself or over another nation.
In conclusion, Whether or not WTO participation impacts Legal Sovereignty of a state is contingent on whether we use a "revocability-based conception" or a "veto-based conception" of state sovereignty.
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Journalize this transaction as if jumpstart paid cash
The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.
What is a journal entry?A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.
The journal entry is recorded as follows:
Date Particulars Debit Credit
Jan 12 Office supplies 870
Cash 870
(To record the purchase of office supplies in cash)
The complete question should be as follows:
On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.
Therefore, the journal entry is described and recorded as above.
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What is one major problem created by globalization?
O A. An increase in international shipping has led to more pollution.
B. Fewer workers are able to get an education related to their jobs.
C. Military conflicts between powerful nations have increased.
D. It has become more difficult to get products made in other
countries.
SUBMIT
Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best. However, things do change, and the plans and the product mix stated in the plan may become outdated making the strategy of the company less efficient to reach its goals. Technological risks may also render the product mix out of date. With the dynamism of technology other efficient products may come to the market making rendering the product mix obsolete.
Would risk retention be a good strategy for this company? Why or why not?
Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.
What is product mix?Product mix is the total number of products sell by the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.
Thus, Risk retention is good for the company as the good has the better strategies
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Discuss the concept of typosquatting.
Answer:
typos squatting is a form of cyber crime that involve hackers registering domains with divertly mispelled name of well known website hackers do this unsispecting vistas to ultimate native website typically for molecules proposes
in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?
Moral hazards are the insurance Dishonest tendencies that increase the probability of loss.
What is a moral hazard?This is a term that is used to refer to a type of hazard that happens based on the fact that person has risks that could have a negative effect on another.
When the person does not ,make decisions based on what is right but rather on what they hope to give them the greatest benefit.
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S
Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average meth-
costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of
in the Cleaning Department during July are presented below:
Work in process inventory, July 1
Work in process inventory, July 31
Pounds of
Salmon
31,000
19,000
Equivalent units of production
Percent Completed
Labor and
Materials
Materials. Overhead
100%
100%
A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the begin
in the Cleaning Department.
Required:
Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the
59%
80%
Labor and
Overhead
The equivalent unit of production for materials would be 5,10,000 and for labor & overhead would be 4,93,490.
What is an equivalent unit of production?An equivalent unit of production is the amount of work done by a manufacturer on the units of output that are partially completed at the end of an accounting period.
Solution:-
Material Labor & overhead
Work in process, July 1
31,000* 100% 31,000
31,000* 59% 18,290
Units started and completed 460,000 460,000
Work in process, July 31
19,000* 100% 19,000
19,000* 80% 15,200
Equivalent unit of production 5,10,000 4,93,490
For calculating equivalent unit of production, multiply the number of physical items by the percentage of the work done on them.
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One stores information is listed in the table below. Sales return $700 rent expenses $1,288 sales discount $950 depreciation expense $600 cost of merchandise sold $7,600 gross sales $20,900 advertising expense $1,650 salary expense $2,900 heat expense $900 Using this information calculate the stores net sale gross profit total operating expenses and net income
Sales Return -$700 Cost of merchandise sold- $7600
Rent Expenses- $1288 Gross sales- $20900
Sales Discount- $950 Advertising Expense- $1650
Depreciation Expense- $600 Salary expense- $2900
Heat expense- $900
Net sales occurs only when sales returns, allowances or any discounts is subtracted from company's gross sales.A) Net sales = Gross sales- return- sales discount
Net Sales= $20900- $700- $950 = $19,250
Company's revenue or sales subtract cost of goods sold or direct expenses.B) Gross profit= Net Sales- Cost of merchandise sold
Gross profit= $19,250- $7600 =$11,650
Expenses incure during normal business operations like rent, insurance etc.C) Total operating expenses= Rent+ Depreciation+ Heat+ Advertising+ Salary expense
Total operating expenses= $1288+ $600+ $1650+ $2900+ $900= $7,338
The amount which comes after deducting cost, allowances & taxes.D) Net income= Gross profit- total operating expenses
Net income= $11,650- $7338= $4,312
Hence, net sales is $19250, gross profit is $11650, total operating expenses is $7338, net income is $4312
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Real GDP takes into account the effect of any price increases (inflation) and adjust for it. Nominal GDP doesn't adjust for inflation (price increases). True or false
This statement on the difference between Real GDP and Nominal GDP is True.
How is nominal GDP different from Real GDP?Nominal GDP refers to the final value of goods and services in a country and it is calculated using current prices in the market.
Real GDP on the other hand, takes Nominal GDP and adjusts its for inflation to see the effects of price changes on production.
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Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plans to help them make decisions. Which of the following activities would help engineers get in touch with their left brains? Check all that apply.
The activities that would help engineers to get in touch with their left brains are:
Have the engineer set goals for attaining their tasksWhat does the left part of the brain do?This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.
The engineer would be have to get in touch with their left brains through the setting of goals.
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a). Write the journal entries to correct the following errors. (1) Rent Received Kshs. 430,000 have been credited to the Commissions Received account. (2) Bank charges Kshs. 34,000 have been debited to the Business Rates account. (3) Completely omitted from the books is a payment of Motor Expenses by cheque Kshs. 37,000. (4) A purchase of a fax machine Kshs. 242,000 has been entered in the Purchases account. (5) Returns inwards Kshs. 216,000 has been entered on the debit side of the Returns Outwards account. (6) A loan from G Bain Kshs. 2,000,000 has been entered on the credit side of the Capital account. (7) Loan interest of Kshs. 400,000 has been debited to the Van account. (8) Goods taken for own use Kshs. 84,000 have been debited to the Purchases account and credited to drawings. (10 Marks)
The journal entries to correct the errors are as follows:
Journal Entries:(1) Debit Commission Received Account Kshs. 430,000
Credit Rent Received Account Kshs. 430,000
To reverse the credit to the wrong account.(2) Debit Bank charges Kshs. 34,000
Credit Business Rates account Kshs. 34,000
To reverse the debit to the wrong account.(3) Debit Motor Expenses Kshs. 37,000
Credit Bank Account Kshs. 37,000
To record the payment.(4) Debit Equipment (Fax Machine) Kshs. 242,000
Credit Purchases account Kshs. 242,000
To reverse the debit to the wrong account.(5) Debit Returns Inwards Account Kshs. 216,000
Credit Returns Outwards Account Kshs. 216,000
To reverse the debit to the wrong account.(6) Debit Capital Account Kshs. 2,000,000
Credit Loan, G Bain Kshs. 2,000,000
To reverse the debit to the wrong account.(7) Debit Loan Interest Kshs. 400,000
Credit Van Account Kshs. 400,000
To reverse the debit to the wrong account.(8) Debit Drawings Kshs. 168,000
Credit Purchases account Kshs. 84,000
Credit Inventory Kshs. 84,000
To reverse the debit to the wrong account.Transaction Analysis:(1) Commission Received Account Kshs. 430,000 Rent Received
Account Kshs. 430,000
(2) Bank charges Kshs. 34,000 Business Rates account Kshs. 34,000
(3) Motor Expenses Kshs. 37,000 Bank Account Kshs. 37,000
(4) Equipment (Fax Machine) Kshs. 242,000 Purchases account Kshs. 242,000
(5) Returns Inwards Account Kshs. 216,000 Returns Outwards Account Kshs. 216,000
(6) Capital Account Kshs. 2,000,000 Loan, G Bain Kshs. 2,000,000
(7) Loan Interest Kshs. 400,000 Van Account Kshs. 400,000
(8) Drawings Kshs. 168,000 Purchases account Kshs. 84,000 Inventory Kshs. 84,000
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Calculate costs of goods sold for Day Company
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
What is the cost of goods sold?The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
Data and Calculations:Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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What's the definition of user retention and why it is important?
What drives user retention?
Answer:
User retention, sometimes referred to as "cohort retention," is a crucial indicator of the development of SaaS and digital goods. The proportion of first-time users that return in future time periods is determined by looking at those users during a given time period (usually one month or one week).
Effective managers understand the importance of clear communication using different channels to advance the _________ strategy.
Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy
What is a communication strategy?
Communication strategy refers to the plans for speaking statistics associated with a selected issue, event, situation, or audience. They function as the blueprints for speaking with the public, stakeholders, or maybe colleagues.
Therefore, Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy
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As robin uses her computer to write a report of her team’s investigation she is struggling to keep the foot notes numbered in the correct order which of the following is the best advice for robin
It is advisable for Robin to use the word-processing software to enter footnotes to number them systematically.
What is a Word Processing Software?The different computer programs, which are easily to be performed in the Word documents, is done with the help and assistance of a word processing software.
The functions of Word Processing Software are performed automatically and saves a lot of time and man-hours.
Hence, option B holds states about the word processing software. Complete question is attached in the image below for better understanding of the concept.
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What is a pain point of operations as a Freelancer that Fiverr helps alleviate?
The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
What are financial constrain?This is known to be when a person or firm lacks money to run their basic activities.
Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.
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how to write an effective persuasive claims and complaints message
An effective persuasive claims and complaints system starts with a real compliment, a factual description of the issue, or a point of agreement.
What are the Complaint messages?A complaint message is a message that details damage, defects, or blunders that occurred with the given items and requests reimbursement.
Thus, an effective complaints message starts with a real compliment, a factual description of the issue, or a point of agreement.
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how do we advice company on how to support each of it`s S.B.U
The definition of entrepreneurship holds the promise of...
Answer:
Growth, unlimited expansion and long-term financial gain.
A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year the manager signed five new tenants 3 at $795 per month one at $1,200 per month and one at $900 per month what was the total amount of the property managers new tenant commissions for that year?
Commission paid by the building owner to the property Manager for the new tenant is $4575.
What is a Commission?A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.
The calculation for the Commission of Property Manager:
Commission = Total annualised rent x percentage of Commission
= (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%
= 53820 x 8.5% = $4,575
Commission for the property manager = $4,575.
Thus, a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.
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Step 1: Read each section of the scenario on your own. a) If you have questions about how to complete this assignment, ask your teacher for assistance. b) If you need help understanding any of the terms or equations used in the scenarios and questions, ask your teacher for assistance. Step 2: Participate in a group discussion to answer the questions in each section. a) Meet with your assigned group to discuss the questions for each scenario. b) Remember to take notes and follow the rules for group discussions. c) Use your notes from the discussion to answer the questions. Step 3: Use this checklist to evaluate your project. If you can check each box below, you are ready to submit your project. Did you read each scenario carefully? Did you participate in the group discussion? Did you take notes during the discussion? Did you support your ideas with facts and details from the scenarios? Did you use your notes from the discussion to answer the questions? Is your worksheet free of errors in spelling and grammar
Explanation:
yeshggfebbm9ktudzhgyi
In my opinion, I think that each and every child should get an education at school. (rewrite and reduce to 9 words)
In my opinion, every single child needs an education.
(1) (2) (3) (PUNC.) (4) (5) (6) (7) (8) (9)
Grammar ⇒ √
A good education teaches children to think critically, communicate effectively, solve problems, and work well in groups. It also prepares children to make positive contributions to society as adults by teaching them the value of being ethical citizens who care about their communities.
What is education?Education is a deliberate activity with specific goals in mind, such as knowledge transmission or the development of skills and character traits.These goals may include increasing comprehension, rationality, kindness, and honesty.Education includes both the act of imparting knowledge to others and receiving knowledge from others.Education can also refer to the knowledge gained through schooling or instruction, as well as the entire teaching institution.A true education is defined as "giving a student enough knowledge to be successful in life after they graduate from high school." The goal of school is to provide students with a true education, but as time passes, the old methods of doing so must as well.To learn more about education, refer to:
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What methods show the property sheet? Check all that apply.
The methods that show the property sheet is on the form tools design tab, in the Tools group, click property sheet and press the F4 function.
What is a property sheet?A property sheet refers to the window that allows the user to view and edit the properties of an item.
The method that shows the property sheet is on the form tools design tab in the Tools group, click the property sheet and press the F4 function key.
Therefore, B, and D are the correct option.
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3 The stagnation stage of the life cycle of a resort is often characterized by the increasing cost of public services and the lowering of the ‘quality of life’ for many residents.
Describe this situation from the viewpoint of (i) older residents living in the community, many of whom are ‘incomers’ from industrial cities in other parts of the country and (ii) a well-educated middle class couple with young children, who are staying
in the resort for their main holiday.
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baker invested $80,000 in a computer company assets = liabilities + owner's equity cash + accounts + computer = accounts + b. baker - b. baker + revenues - expenses
Baker invested $80,000. Baker capital = $80,000, Baker Withdrawals = $125.00, Cash = $-1,490.00
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
Assets = Liabilities + Owner's Equity
Cash + Accounts + Computer = Accounts + B. Baker - B. Baker + Revenues - Expenses
Complete solution given in image.
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Economist and politicians argue that few policies regarding trade restriction can help to create domestic job, increase GDP and make a domestic economy more competitive globally. Explain what are those strategies that can be used for this purpose?
Trade Protectionism helps to create domestic jobs, increase GDP and make a domestic economy more competitive globally.
What is trade protectionism?Trade protectionism is described as when a country, or occasionally a collection of countries working together as a trade bloc, erects commerce barriers with the express purpose of defending its economy from potential risks associated with global trade.
Strategies that can be used for this purpose are:
Tariffs, which are taxes on imports from other nations and international markets, are one tactic that can be employed for this aim. Here, the government is enforcing the tariff in an effort to limit the importation of products and services from abroad, safeguard its own industries and businesses that produce these things, and increase tax revenues.Quotas are specific limitations on the volume of a given class of goods, commodities, and products that may be allowed to be imported into a country. A particular group of people or businesses are typically granted import licenses in order to comply with this import quota.subsidies: Government payments to domestic producers are known as subsidies. This can take the form of monetary compensation, loans with low or no interest, tax deductions, or government ownership of common stock in domestic corporations.A country may impose local content requirements by establishing a manufacturing standard requiring that a specified part or parts of a product be manufactured domestically in an effort to reduce imports.Administrative trade policies are composed of laws, rules, and regulations that are intended to make it extremely difficult for someone to import goods or commodities into a specific country.Antidumping laws are put in place by a country to stop products from being sold in foreign markets for significantly less than their manufacturing costs in an effort to capture a sizable portion of that market.By reducing the value of a country's currency in the foreign exchange markets, exchange rate controls can be used to lower the price of a country's exports.To know more about Trade Protectionism refer to: https://brainly.com/question/27622280
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McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?
The implicit interest based on the information given is $165.
How to calculate the interest?It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
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Naomi weighed 50 patients for a medical study using a scale that measures to the nearest whole pound. She then calculated the mean weight as 176 pounds, with a standard deviation of 12 pounds.
If the distribution is normal, what percent of the data lies between 140 pounds and 212 pounds?
99.7 percentage of the data lies between 140 and 212 pounds when the distribution of the standard deviation is normal.
What is standard deviation?Any given quantity, which is used to express that how many observations differ from others in the total observations of a data, is referred to as standard deviation. It is represented by σ.
To calculate the percentage of data lying between the given values, we will use the formula of empirical method and the given information to compute as under,
[tex]\rm P(mu-3\ x\ \sigma < X < \mu + 3\ x\ \sigma)[/tex]
Solving further,
[tex]\rm P(176-3\ x\ \12 < X < \176+ 3\ x\ 12) = 0.997[/tex]
Hence, the significance upon the standard deviation of data weighted by Naomi is as aforementioned.
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Replacement value is the amount company has to spend to acquire the same asset in the existing condition. True/false
Answer:
False
Explanation:
Replacement value is the amount company has to spend to acquire the same asset in the brand-new conditions.
The above question instead mentions of acquiring assets in the existing conditions, so the statement given above is false.
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False, the cost to replace a critical asset, such as a piece of real estate, investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost. A replacement cost, which is often referred to as "replacement value,"
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A replacement cost may change depending on elements including the market price of the parts required to rebuild or repurchase the asset and the costs associated with getting assets ready for usage.Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Replacement valuation is the process of determining a replacement cost.To learn more about replacement value, refer to-
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