The bookkeeper of ABC Gym receives advanced membership payments from customers and records it as revenue. Which of the following principles did the bookkeeper violate? a) The consistency principle b) The measurement principle c) The disclosure principle d) The revenue recognition principle

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Answer 1

By classifying advance membership fees as revenue, the bookkeeper violated the revenue recognition principle. The revenue recognition principle states that revenue should be recognized whenever it is earned and realizable, not just when payment is made. Therefore, the answer is (D).

A bookkeeper is in charge of documenting and keeping track of a company's financial activities, including purchases, outlays, sales income, invoices, and payment. They will enter financial information into general ledgers, which are utilized to create the income statement and balance sheet.

While an accountant normally handles the latter two parts of the accounting cycle, the bookkeeper is typically in charge of the first six steps. Even though the two professions often overlap, there are a few differences that are covered in this article's subsequent sections.

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Related Questions

List 3 recommendations of what can be done if the reoccurrence of
covid 19 virus to lessen the impact that it has on students
learning/education .

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To address the reoccurrence of learning/education challenges, **implement feedback loops**, **utilize adaptive learning technologies**, and **promote collaboration** among stakeholders.

Feedback loops are crucial in identifying areas for improvement and making adjustments in educational strategies. By regularly gathering feedback from students, teachers, and parents, education systems can identify recurring issues and develop solutions. Adaptive learning technologies can help tailor educational experiences to individual students, addressing their specific needs and promoting better engagement. This approach allows for the continuous refinement of teaching methods and materials, ensuring that students are always learning effectively. Finally, promoting collaboration among stakeholders such as educators, administrators, parents, and community members ensures a shared vision and commitment to addressing recurring challenges. By working together and sharing best practices, stakeholders can develop strategies and interventions that tackle the root causes of these issues, ultimately improving educational outcomes for all students.

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Suppose the country of Lilliput exported $161 billion worth of goods and imported $477 billion worth of goods in the last calendar year. a. Calculate Lilliput's balance of trade.
$ ---- billion
Which type of trade balance is Lilliput running?
A)a trade deficit
B) a trade surplus
C) neither a trade deficit nor a trade surplus

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In the last calendar year, Lilliput exported goods worth $161 billion and imported goods worth $477 billion. To determine Lilliput's balance of trade, we subtract the value of imports from the value of exports.

Balance of Trade = Exports - Imports

Substituting the given values into the formula:

Balance of Trade = $161 billion - $477 billion

Simplifying the equation:

Balance of Trade = -$316 billion

The negative value indicates that Lilliput's imports exceeded its exports, resulting in a trade deficit. A trade deficit occurs when a country's imports surpass its exports in terms of value. In this case, Lilliput has a trade deficit of $316 billion, indicating that it bought more goods from other countries than it sold to them.

In conclusion, Lilliput is running a trade deficit. This trade imbalance can have various implications for the country's economy, such as increased reliance on foreign products, potential currency depreciation, and the need to finance the deficit through borrowing or other means.

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Which of the following is an accurate depiction of the accounting equation?
Multiple Choice
A. Assets = Liabilities + Common Stock + Dividends
B. Assets = Liabilities + Common Stock + Retained Earnings
C. Assets = Liabilities + Common Stock − Expenses
D. Assets = Liabilities + Retained Earnings − Dividends

Answers

Option B. Assets = Liabilities + Common Stock + Retained Earnings. This equation represents the fundamental accounting equation and shows that a company's assets are equal to the sum of its liabilities and the equity provided by its owners (common stock) and any profits that have been retained (retained earnings).

The equation must balance out, meaning that the total assets must equal the total liabilities and equity. Option A includes dividends, which are not part of equity. Option C subtracts expenses from equity, which is not accurate. Option D subtracts dividends from retained earnings, which is not accurate either.

The accounting equation accurately depicts a company's financial position by showing the relationship between its assets, liabilities, and owners' equity. In this case, option B represents the correct formula, as it demonstrates that a company's total assets are financed by its liabilities and owners' equity (common stock and retained earnings).

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Madrid Company has provided the following data (ignore income taxes):
2014 revenues were $77,500.
2014 net income was $33,900.
Dividends declared and paid during 2014 totaled $5,700. Total assets at December 31, 2014 were $217,000. Total stockholders' equity at December 31, 2014 was $123,000. Retained earnings at December 31, 2014 were $83,000.
Which of the following is not correct? a.2014 expenses were $43,600.
b.Total liabilities at December 31, 2014 were $94,000.
c.Retained earnings increased $33,900 during 2014.
d.Common stock at December 31, 2014 was $40,000.

Answers

The incorrect statement is a. 2014 expenses were $43,600. To calculate expenses, we need to know the net income and any changes in retained earnings.

However, we only have the net income and retained earnings at the end of the year, not the beginning. Therefore, we cannot calculate the expenses for the year.
b. Total liabilities at December 31, 2014 were $94,000 is a possible statement, but we do not have enough information to confirm or deny it. c. Retained earnings increased $33,900 during 2014 is a correct statement based on the data given. d. Common stock at December 31, 2014 was $40,000 is a possible statement, but we do not have enough information to confirm or deny it.
In summary, the statement that cannot be determined from the data given is a. 2014 expenses were $43,600.

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The paradox of trade restrictions on countries with child labor is that:
A. children can be hired at lower wages than adults. B. children from those countries are actually more efficient than the adults. C. restrictions on trade cause losses in consumer surplus. D. these restrictions aim to reduce child labor, but because they make the countries poorer, they actually cause more child labor.

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The paradox of trade restrictions on countries with child labor is that these restrictions aim to reduce child labor, but because they make the countries poorer, they actually cause more child labor.

This is because when trade restrictions are imposed, it becomes harder for these countries to export their goods and therefore generate income. As a result, families may be forced to rely more heavily on the income generated from child labor to make ends meet.

Additionally, trade restrictions can lead to higher prices for goods, which can result in a loss of consumer surplus. Therefore, while trade restrictions may be well-intentioned, they can often have unintended consequences.

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an obstetrics department is studying fetal heartbeat and how it corresponds to a healthy birth. they make audio recordings of the fetal heartbeat at various stages of pregnancy. along with each recording, they also record metadata. the metadata includes the gestational age of the fetus (in weeks), the age of the mother, the height of the mother and the weight of the mother. which of these questions can be better answered by analyzing the audio data instead of the metadata?

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The fetal heartbeat audio data can provide valuable information about the health of the fetus during pregnancy. By analyzing the audio data, doctors can detect irregularities in the fetal heartbeat that may indicate potential health issues.

What can this help?

This can help doctors make informed decisions about the care of the mother and the fetus.

Additionally, the audio data can provide insights into the fetal development process, such as the timing of heart rate changes during different stages of pregnancy.

While metadata such as gestational age, age, height, and weight of the mother can also provide important information, analyzing the audio data can provide a more direct and accurate assessment of fetal health.

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____ is one of the main contributors the volume of data (big data) available for businesses to process.

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Technological advancements and digitalization play a significant role in contributing to the volume of data, or big data, available for businesses to process and utilize in various aspects of their operations.

technological advancements and digitalization are one of the main contributors to the volume of data, often referred to as big data, available for businesses to process.

with the rapid growth of technology and the widespread use of digital devices, business and individuals generate vast amounts of data every day. this includes data from various sources such as social media, online transactions, sensors, mobile devices, and more. additionally, advancements in storage capabilities and cloud computing have made it easier and more cost-effective for businesses to collect, store, and process large volumes of data.

the increasing interconnectedness of systems, the internet of things (iot), and the proliferation of digital platforms have further accelerated the generation and availability of data for businesses. these technological advancements have enabled businesses to capture, analyze, and extract valuable insights from massive datasets, leading to improved decision-making, personalized customer experiences, and the development of data-driven strategies.

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As the new VP of HR what do you (HR) do if an employee confides that her supervisor frequently leers at her when he passes her desk, making it increasingly difficult for her to concentrate on her work? She adds that she really doesn’t want to take any action because she’s concerned he’ll retaliate and get her fired, especially since his behavior has caused her performance level to decrease. Discuss what actions the law requires you to do; and what assurances you can offer the female employee, if any?

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As the new VP of HR, it is crucial to investigate the complaint and ensure a safe work environment for the employee. The law requires you to take the necessary actions against any form of harassment.

Upon receiving this information, you should reassure the employee that her concerns will be addressed and that retaliation is prohibited under the law. Conduct a thorough investigation of the supervisor's behavior, involving other HR personnel if needed, and gather evidence through interviews with other employees who may have witnessed the incidents.

Implement appropriate disciplinary actions if the supervisor is found guilty, such as warnings, suspension, or even termination. Additionally, educate the workforce on harassment policies, and inform them of the support systems available, like anonymous reporting channels. Assure the employee that the company is committed to maintaining a respectful work environment, and will actively work to prevent any retaliation.

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An online retailer samples 105 outgoing shipments each day. On an average day, 2.4% of these outgoing shipments has a defect. Round your answer to 3 decimal places. When preparing a p-chart, what value will represent the center line of the chart?

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The center line of a p-chart represents the expected or average proportion of defective items in a process.

To calculate the center line for the p-chart, we need to multiply the average defect rate by the sample size.

In this case, the online retailer samples 105 outgoing shipments each day, and on an average day, 2.4% of these shipments have a defect. To find the center line, we calculate:

Center Line = Average Defect Rate * Sample Size

Center Line = 2.4% * 105

Converting 2.4% to decimal form (dividing by 100), we get:

Center Line = 0.024 * 105

Center Line = 2.52

Rounding the answer to 3 decimal places, the center line value for the p-chart in this case is 2.520.

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Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of $5.500.000 with a cost of capital of 10.5%. What is Skyler's weighted average cost of capital? Round to the nearest hundredth, two decimal places and submit the answer in a percentage. 9.15 Question 12 Assume Skyler Industries has debt of $4,775,638with a cost of capital of 6.8% and equity of $5,701,243 with a cost of capital of 8.7%. What is Skyler's weighted average cost of capital for debt? Round to the nearest hundredth, two decimal places and submit the answer in a percentage. 12.282 Question 13 Assume Skyler Industries has debt of $4,336.299with a cost of capital of 9.1% and equity of $5,431,900 with a cost of capital of 7.9% What is Skyler's weighted average cost of capital for equity?

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The weighted average cost of capital for equity is 7.9%.

The weighted average cost of capital (WACC) is the average rate of return required by both debt and equity investors to finance a company's operations. It is calculated by taking into account the proportion of debt and equity in the company's capital structure and their respective costs of capital.

Given data:

Debt: $4,336,299 with a cost of capital of 9.1%

Equity: $5,431,900 with a cost of capital of 7.9%

To calculate the weighted average cost of capital for equity, we need to determine the proportion of equity in the company's capital structure and multiply it by the cost of equity:

Weighted Average Cost of Capital for Equity = Proportion of Equity * Cost of Equity

The proportion of equity can be calculated by dividing the equity value by the total capital structure:

Proportion of Equity = Equity / (Debt + Equity)

Proportion of Equity = $5,431,900 / ($4,336,299 + $5,431,900)

Proportion of Equity ≈ 0.5564 (rounded to four decimal places)

Now, we can calculate the weighted average cost of capital for equity:

Weighted Average Cost of Capital for Equity = 0.5564 * 7.9%

Weighted Average Cost of Capital for Equity ≈ 0.5564 * 7.9% ≈ 4.39% (rounded to two decimal places)

The weighted average cost of capital for equity in Skyler Industries is approximately 7.9%. This means that equity investors require a return of 7.9% to finance the company's operations.

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Assume that a company's top initiative for the upcoming quarter is to increase its online sales (specifically through its website). Given this information, what do you think would be the primary goal for the company's digital marketing manager? a. Make SEO team more productive. b. increase traffic to the company's webside. c. Speed development time for new content,d. Report marketing metrics to CEO every month

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The primary goal for the company's digital marketing manager, considering the top initiative to (B) increase online sales, would be to increase traffic to the company's website.

Increasing online sales is directly related to driving more traffic to the company's website. Therefore, the primary goal for the digital marketing manager would be to focus on strategies and tactics that can effectively increase website traffic. By attracting more visitors to the website, the company can expand its potential customer base and increase the chances of converting those visitors into paying customers.

While the other options listed may also play a role in the overall digital marketing strategy, such as making the SEO team more productive, speeding up content development, or reporting marketing metrics to the CEO, they are more likely to be supporting objectives rather than the primary goal. Increasing traffic to the website is a fundamental step towards achieving the company's main objective of boosting online sales.

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what are some other names a financial aid package may be called?

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Other names for a financial aid package include: Financial assistance Tuition support Student grants Educational funding Scholarships and bursaries.

Financial aid packages encompass various forms of financial support provided to students to help cover the costs of education, such as tuition fees, textbooks, and living expenses. These packages can include scholarships, grants, loans, work-study programs, or a combination of these. Different institutions and organizations may use different terminologies to refer to their specific offerings, but the underlying purpose remains the same: to make education more accessible and affordable for students by providing financial resources to alleviate the burden of expenses.

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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. March 9 Mitchell Company pays $1, 200 for monthly advertising expenses. November 8 Mitchell Company receives and pays a bill for a two-year insurance policy premium, $3,500. The policy begins on April 1.

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The following transactions are journalized in accordance with the rules of Journalizing and the Double-entry accounting system: March 9: Mitchell Company pays $1,200 for monthly advertising expenses.

November 8: Mitchell Company receives and pays a bill for a two-year insurance policy premium, $3,500. The policy begins on April 1. March 9: Mitchell Company pays $1,200 for monthly advertising expenses. Mar 9 Advertising Expenses $1,200. Cash $1,200. This transaction records the payment of advertising expenses, reducing the Advertising Expenses account by $1,200, and decreasing the Cash account by the same amount.

November 8: Mitchell Company receives and pays a bill for a two-year insurance policy premium, $3,500. The policy begins on April 1. Nov 8 Prepaid Insurance $3,500. Cash $3,500. This transaction records the payment of a two-year insurance policy premium. The Prepaid Insurance account is increased by $3,500, representing the prepayment for insurance coverage, and the Cash account is decreased by $3,500.

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whats the difference between routine bills and predictable goals

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The difference between routine bills and predictable goals is that routine bills are the expenses that occur on a regular basis, such as monthly rent, utility bills, and groceries, while predictable goals refer to the financial objectives that you have planned for in advance, such as saving for a down payment on a house or a vacation.

Routine bills are the recurring expenses that we have to pay to maintain our daily living, and they usually take up a significant portion of our budget. These bills are expected and can be planned for in advance. For instance, your monthly rent or mortgage payment is a routine bill that you know you will have to pay every month. Other examples of routine bills include utilities, such as electricity, water, and internet bills, as well as groceries, transportation costs, and insurance premiums. On the other hand, predictable goals are the financial objectives that we set for ourselves to achieve in the future. These goals require planning and preparation and are usually something that we can anticipate. Predictable goals can be short-term or long-term, and they may include saving for a new car, paying off debt, building an emergency fund, or investing in stocks.

The key difference between routine bills and predictable goals is that routine bills are ongoing expenses that you have to pay regularly, while predictable goals are financial objectives that require planning and preparation to achieve. Routine bills are typically fixed expenses that you have to pay, while predictable goals can be flexible and may change over time as your priorities and circumstances change. Understanding the difference between routine bills and predictable goals is essential for effective budgeting and financial planning. By separating your routine bills from your predictable goals, you can better prioritize your spending and allocate your resources more effectively. Knowing how much you need to spend on routine bills and how much you need to save for your predictable goals can help you stay on track towards achieving your financial objectives and ensure that you are not overspending or accumulating unnecessary debt.

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you buy a product because your mother uses it and she has used it for years. you have been influenced by

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you buy a product because your mother uses it and she has used it for years. You have been influenced by what is known as "social influence" or "social proof."

Social influence refers to the impact that the actions, behaviors, and opinions of others have on an individual's own beliefs, attitudes, and decisions. In this case, you are influenced by your mother's usage of the product over the years. Seeing your mother as a trusted and familiar figure, her positive experience with the product creates a sense of trust and reliability for you, leading you to make the decision to purchase the product based on her influence. Social influence is a common factor in consumer behavior and can be influenced by various sources, including family, friends, celebrities, and online reviews.

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Question 48 2 p. A REIT has FFO of $2,000,000, Net Income of $1,800,000 and is trading at 10 times FFO with 100,000 shares outstanding. What is the share price? O $20 per share $18 per share $200 per

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A REIT has an FFO of $2,000,000, a Net Income of $1,800,000, and is trading at 10 times FFO with 100,000 shares outstanding. The share price is $200 per share. Therefore, option C is correct.

The share price can be determined by dividing the market value of the REIT by the number of shares outstanding. In this case, the REIT is trading at 10 times FFO, which means the market value is 10 times the FFO. The FFO is given as $2,000,000, so the market value would be $20,000,000.

To calculate the share price, we divide the market value by the number of shares outstanding. With 100,000 shares outstanding, the share price would be:

Share Price = Market Value / Number of Shares Outstanding

Share Price = $20,000,000 / 100,000 = $200 per share

Therefore, the correct answer is $200 per share. The REIT has an FFO of $2 million and a net income of $1.8 million. It is trading at 10 times FFO with 100,000 shares outstanding.

In conclusion, the share price of the REIT can be determined by dividing the market value by the number of shares outstanding. In this case, the market value is determined by the FFO and the given trading multiple.

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When preparing a bank reconciliation, which of the following items would be added to the bank balance on the bank statement (bank side)? Select one: A. outstanding cheques B. EFT cash payments C. deposits in transit D. bank service charges

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When preparing a bank reconciliation, the item that would be added to the bank balance on the bank statement (bank side) is "C. deposits in transit."

Deposits in transit refer to the deposits made by the company but have not yet been recorded by the bank. These deposits are typically made near the end of the month or accounting period and may not appear on the bank statement until the following period.

To reconcile the bank statement, these deposits in transit need to be added to the bank balance. Since they are recorded in the company's books but not yet reflected in the bank statement, adding them to the bank balance brings the two balances in alignment.

Outstanding cheques (A) would be deducted from the bank balance on the bank statement, as they represent cheques issued by the company but have not yet cleared the bank.

EFT cash payments (B) would be deducted from the bank balance, as they represent electronic funds transfers made by the company and recorded in the bank statement.

Bank service charges (D) would also be deducted from the bank balance, as they represent fees charged by the bank for various services rendered.

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Analysing this net worth statement. ADEILA'S NET WORTH STATEMENT Assets Value Note Cash 2,000 Home 660,000 Personal content 62,000 Father's car 15,000 Adeila's car 28,000 Inherit 350,000 Australian shares 3,020 Total asset 1,120,020 Liability Home mortage 127,000 Credit card 28,000 limit 29,000 Total liability 155,000 NET WORTH 965,020

Answers

Based on the provided net worth statement, Adeila's net worth is calculated as the difference between her total assets and total liabilities. Her assets include cash, home, personal content, father's car, Adeila's car, inheritance, and Australian shares. The total value of her assets is $1,120,020.

On the other hand, her liabilities consist of a home mortgage and credit card debt. The total amount of her liabilities is $155,000.

To determine Adeila's net worth, we subtract her total liabilities from her total assets:

Net Worth = Total Assets - Total Liabilities

Net Worth = $1,120,020 - $155,000

Net Worth = $965,020

Therefore, Adeila's net worth is $965,020 based on the given information.

It's worth noting that net worth represents an individual's overall financial position by considering both their assets and liabilities. It provides an indication of their financial health and the extent of their wealth or indebtedness.

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examining and analyzing the breakfast cereal industry characteristics, we can identify it as operating like a(n) a. oligopolistic industry b. for profit monopoly industry c. cartel d. all of the above

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The correct answer is a. oligopolistic industry. based on the information provided, the breakfast cereal industry can be identified as operating as an "oligopolistic industry," which corresponds to  

a.an oligopolistic industry is characterized by a market structure in which a few large firms dominate the market. these firms have significant market share and can influence prices and competition. in the breakfast cereal industry, a small number of major players, such as kellogg's, general mills, and post, dominate the market, accounting for a substantial portion of the industry's sales.

option b, "for-profit monopoly industry," is not an accurate characterization of the breakfast cereal industry. a monopoly refers to a market structure where a single firm has exclusive control over the supply of a product or service. the breakfast cereal industry has multiple competing firms, ruling out the presence of a monopoly.

option c, "cartel," is also not an accurate description of the breakfast cereal industry. a cartel refers to an agreement between competing firms to control prices, restrict competition, and maximize profits. there is no evidence to suggest that the breakfast cereal industry operates as a cartel.

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The market interest rate is 8 percent and is expected to stay at that level. Consumers can borrow and lend all they want at this rate. Would you prefer a $500 rebate on an $8,000 car or one year of fi

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To determine whether a $500 rebate on an $8,000 car or one year of free financing is more advantageous, we need to compare the present value of the two options.

For the $500 rebate on the car, the present value would be the current value of $500 discounted at the market interest rate of 8 percent. Assuming the rebate is received immediately, the present value would be:

PV(rebate) = $500 / (1 + 0.08)^1 = $500 / 1.08 = $462.96

For one year of free financing, we need to consider the cost of financing the car at the market interest rate. The cost of financing is the interest paid on the loan for the car over one year. Since the interest rate is 8 percent, the cost of financing would be:

Cost of financing = $8,000 * 0.08 = $640

Therefore, the present value of one year of free financing would be $640 discounted at the market interest rate:

PV(financing) = $640 / (1 + 0.08)^1 = $640 / 1.08 = $592.59

Comparing the present values, we can see that the $500 rebate on the car has a higher present value ($462.96) compared to one year of free financing ($592.59). Therefore, from a financial standpoint, it would be more advantageous to choose the $500 rebate on the $8,000 car.

Please note that other factors such as personal preferences, financial circumstances, and individual goals may also influence the decision-making process.

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Which of the following will increase the demand for money? A. a fall in the aggregate price level B. an increase in real GDP C. technological advances D. open-market operations by the Fed E. a decrease in the interest rate

Answers

B.) The option that will increase the demand for money is an increase in real GDP.

When the economy experiences an increase in real GDP, it generally results in higher incomes and transactions. As a result, individuals and businesses tend to demand more money to facilitate increased spending and economic activity. The demand for money is closely linked to the level of economic transactions, as money is needed to conduct day-to-day purchases and transactions. Therefore, when real GDP rises, there is typically an increased demand for money to support the expanding economic activity. It's important to note that the other options listed may have effects on the economy or the money market, but they do not directly impact the demand for money as significantly as an increase in real GDP.

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which of the following would qualify as management companies? a.none of the answer provided is correct b.unit investment trusts c.face-amount certificate d. companies closed-end funds

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Companies closed-end funds would qualify as management companies. Management companies are financial institutions that manage and invest the funds of their clients. They are responsible for making investment decisions, executing trades, and monitoring portfolio performance.

Management companies come in different forms, including mutual funds, exchange-traded funds (ETFs), and closed-end funds. Unit investment trusts and face-amount certificates are not considered management companies. Unit investment trusts are investment vehicles that hold a fixed portfolio of securities and have a set lifespan. They do not have a management team making investment decisions. Face-amount certificates are a type of fixed annuity that guarantees a specific payout at the end of the contract. They also do not involve investment management.

On the other hand, closed-end funds are a type of investment company that raises capital by issuing a fixed number of shares in an initial public offering (IPO). Once the IPO is complete, the shares trade on an exchange like stocks. Closed-end funds have a management team that is responsible for investing the fund's assets and managing the portfolio. They are similar to mutual funds in that they provide investors with access to a diversified portfolio of securities but differ in their structure. Therefore, the correct answer is D. Companies closed-end funds would qualify as management companies.

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he retained in account as a beginning balance of 5326.475 and an ending balance of 5357.213. Net Income is $40,651. Which of the following statements is correct? 12. odded wheneming cashows from operating activities being cash flows from anong activities would be when ng cash fows from franging activities bed when mash flows from francing activities

Answers

The positive net income contributed to the increase in retained earnings, and cash flows from operating activities added to the ending balance of retained earnings when compared to the beginning balance.

Based on the information provided, we have the beginning balance of retained earnings as $5,326.475, the ending balance of retained earnings as $5,357.213, and the net income as $40,651.

Retained earnings represents the accumulated profits or losses of a company that have not been distributed to shareholders as dividends. It is affected by various factors, including net income, dividends, and adjustments.

In this case, if the beginning balance of retained earnings is lower than the ending balance, it indicates that the company had a positive net income and retained some portion of the earnings. Conversely, if the beginning balance is higher than the ending balance, it suggests that the company had a net loss or distributed dividends that exceeded the net income.

Based on the information provided, the ending balance of retained earnings ($5,357.213) is higher than the beginning balance ($5,326.475), implying that the company had a positive net income and retained some of the earnings. Therefore, the correct statement is that "cash flows from operating activities added to the ending balance of retained earnings when compared to the beginning balance."

Cash flows from operating activities include the cash inflows and outflows related to the core operations of the business, such as revenue from sales, payment of expenses, and changes in working capital. When these cash flows are positive, it contributes to the increase in retained earnings. On the other hand, cash flows from financing activities, such as dividends paid or issuance of stock, could decrease the retained earnings.

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the business intelligence environment includes all of the following except: group of answer choices data from the business environment. delivery platform. bi infrastructure. business analytics. cloud-based storage.

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The business intelligence environment includes all of the following except delivery platform. However, the delivery platform is not a distinct component of the business intelligence environment. While the delivery of insights and reports is an essential aspect of business intelligence, it is typically facilitated through the BI infrastructure and analytics tools, rather than being considered a separate component.

The business intelligence environment comprises various components and processes that facilitate the collection, analysis, and utilization of data for decision-making. These components typically include data from the business environment, BI infrastructure (which includes tools and technologies for data storage, processing, and retrieval), business analytics (the process of analyzing data to extract insights), and cloud-based storage (a method of storing and accessing data in remote servers over the internet).

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Environmentalist groups act to directly reduce of emissions by
allowing a limited amount of pollution to occur.
allowing a declining amount of pollution to occur.
buying marketable emission permits and not re-selling them.
buying, trading, and re-selling marketable emission permits.

Answers

Environmentalist groups act to directly reduce emissions by buying marketable emission permits and not re-selling them.

By purchasing marketable emission permits and not reselling them, environmentalist groups effectively retire those permits from circulation. This reduces the overall amount of available pollution allowances, tightening the emission limits for industrial polluters. As a result, polluting industries are forced to operate within stricter constraints, incentivizing them to reduce their emissions and adopt cleaner practices. By actively removing permits from the market, environmentalist groups contribute to a decline in overall pollution levels and promote a shift towards more sustainable and environmentally friendly practices.

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Manufacturing has gone out on bid for
a regulator component. Expected demand is 700 units per month.
The item can be purchased from either Allen Manufacturing or
Baker Manufacturing. Their price lists are shown in the table.
Ordering cost is $50, and annual holding cost per unit is $5.
ALLEN MFG.
BAKER MFG.
QUANTITY
UNIT PRICE
QUANTITY
UNIT PRICE
1-499
$16.00
1-399
$16.10
500-999
15.50
400-799
15.60
1,000+
15.00
800+
15.10
a) What is the economic order quantity?
b) Which supplier should be used? Why?
c) What is the optimal order quantity and total annual cost of
ordering, purchasing, and holding the component? Px

Answers

a) The economic order quantity is approximately 916 units.

b) Allen Manufacturing should be used as the supplier as the total cost is lower for Allen Manufacturing at all three quantities.

c) The optimal order quantity is approximately 916 units, and the total annual cost of ordering, purchasing, and holding the component from Allen Manufacturing is $17,405.12.

To determine the economic order quantity (EOQ) and the optimal supplier, we need to calculate the total cost for each supplier at different order quantities.

a) Economic Order Quantity (EOQ):

The formula for EOQ is given by:

EOQ = √((2DS) / H)

Where:

D = Annual demand

S = Ordering cost per order

H = Holding cost per unit per year

Given:

Annual demand (D) = 700 units per month × 12 months = 8,400 units

Ordering cost (S) = $50

Holding cost (H) = $5 per unit per year

Plugging in the values:

EOQ = √((2 × 8,400 × $50) / $5)

= √(840,000)

= 916.52 (approx.)

Therefore, the economic order quantity is approximately 916 units.

b) Supplier Comparison:

To determine the optimal supplier, we need to calculate the total cost for each supplier at different order quantities. Since the quantities mentioned in the price lists overlap, we will consider the ranges from 1 to 1,399 units.

For Allen Manufacturing:

Total cost = (Unit price × Quantity) + (Ordering cost × (Annual demand / Quantity)) + (Holding cost × (Quantity / 2))

= (16.00 × Quantity) + (50 × (8,400 / Quantity)) + (5 × (Quantity / 2))

For Baker Manufacturing:

Total cost = (Unit price × Quantity) + (Ordering cost × (Annual demand / Quantity)) + (Holding cost × (Quantity / 2))

= (16.10 × Quantity) + (50 × (8,400 / Quantity)) + (5 × (Quantity / 2))

We can calculate the total cost for different quantities and compare them.

Quantity: 1,000

Allen Manufacturing: (16.00 × 1,000) + (50 × (8,400 / 1,000)) + (5 × (1,000 / 2)) = $16,000 + $420 + $2,500 = $18,920

Baker Manufacturing: (16.10 × 1,000) + (50 × (8,400 / 1,000)) + (5 × (1,000 / 2)) = $16,100 + $420 + $2,500 = $19,020

Quantity: 1,200

Allen Manufacturing: (16.00 × 1,200) + (50 × (8,400 / 1,200)) + (5 × (1,200 / 2)) = $19,200 + $350 + $3,000 = $22,550

Baker Manufacturing: (16.10 × 1,200) + (50 × (8,400 / 1,200)) + (5 × (1,200 / 2)) = $19,320 + $350 + $3,000 = $22,670

Quantity: 1,399

Allen Manufacturing: (16.00 × 1,399) + (50 × (8,400 / 1,399)) + (5 × (1,399 / 2)) = $22,384.00 + $346.00 + $3,497.50 = $26,227.50

Baker Manufacturing: (16.10 × 1,399) + (50 × (8,400 / 1,399)) + (5 × (1,399 / 2)) = $22,523.90 + $346.00 + $3,497.50 = $26,367.40

From the calculations, we can see that the total cost is lower for Allen Manufacturing at all three quantities. Therefore, Allen Manufacturing should be used as the supplier.

c) Optimal Order Quantity and Total Annual Cost:

Since the EOQ is the optimal order quantity, we will use the economic order quantity of approximately 916 units. We can calculate the total annual cost by substituting this value into the total cost formula for Allen Manufacturing:

Total annual cost = (16.00 × 916) + (50 × (8,400 / 916)) + (5 × (916 / 2))

= $14,656 + $459.12 + $2,290 = $17,405.12

Therefore, the optimal order quantity is approximately 916 units, and the total annual cost of ordering, purchasing, and holding the component from Allen Manufacturing is $17,405.12.

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which of the following is not one of the sectors used to calculate gdp a. business investment b. imports c. foreign investment d. exports

Answers

The option to the statement is "foreign investment".

The sectors used to calculate GDP are business investment, imports, and exports. Business investment includes the money spent on equipment, structures, and intellectual property. Imports refer to the goods and services that are produced outside of the country but are consumed within the country. Exports are the goods and services produced within the country but are consumed outside of the country. These sectors are essential in calculating the GDP of a country as they help measure the overall economic activity and the value of goods and services produced. However, foreign investment is not included in the calculation of GDP as it refers to the money invested by foreign individuals or businesses in a country's economy. It is considered a capital flow rather than a production or consumption activity.

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which of the following will result in the market supply of cotton t-shirts to shift to the right on the market analysis graph? group of answer choices a) new government regulations require a higher quality of cotton and additional stitching in t-shirt production. b) color dyes for t-shirts increases in price. c) consumer incomes falls and t-shirts are a normal good. d) consumers increase their purchases of cotton clothing. e) new automation technology reduces costs of t-shirt production.

Answers

New automation technology reduces costs of t-shirt production.The answer is e) When new automation technology is introduced, it typically leads to increased efficiency and lower costs in production.

This, in turn, leads to a decrease in the cost of producing cotton t-shirts, which will encourage producers to supply more of them at every given price level. As a result, the market supply of cotton t-shirts will shift to the right on the market analysis graph. It's important to note that this is a long-term effect that occurs gradually over time, as producers adjust their production processes to take advantage of the new technology.

So, while it may not be an immediate change, it will have a significant impact on the supply of cotton t-shirts in the market in the long.The correct answer is e) New automation technology reduces costs of t-shirt production. This is because a reduction in production costs allows manufacturers to produce more t-shirts at each price level, resulting in an outward (rightward) shift of the market supply curve on the graph. The other options do not lead to an increase in supply; instead, they may cause changes in demand or increased production costs.

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Jennifer is the strategic business unit (SBU) CEO in charge of manufacturing stereo speakers for computers and laptops. Her SBU earnings and cash flow are both low and unstable. Which of the following strategies should Jennifer enact if examining her SBU through the Boston Consulting Group (BCG) matrix lens?
Multiple Choice
invest for growth
harvest and/or divest
hold
allocate more resources for manufacturing

Answers

If Jennifer is examining her SBU through the Boston Consulting Group (BCG) matrix lens, and her SBU earnings and cash flow are both low and unstable, the strategy she should enact is to (B) harvest and/or divest.

This is because, within the BCG matrix, her SBU would be categorized as a "Dog" due to its low market share and low market growth.

In this situation, it is generally recommended to minimize investments and consider divesting to allocate resources to more profitable areas.

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if you invest $100 at 12 percent for three years, how much would you have at the end of three years using annual compound interest?

Answers

If you invest $100 at 12 percent for three years using annual compound interest, you would have approximately $146.93 at the end of three years. This is because the interest earned each year is added to the principal amount, and then the next year's interest is calculated on the new total amount.

So after the first year, you would have $112 ($100 + 12% of $100), after the second year you would have $125.44 ($112 + 12% of $112), and after the third year you would have $146.93 ($125.44 + 12% of $125.44). 1. Identify the principal amount (P): $100
2. Identify the annual interest rate (r): 12% or 0.12 as a decimal
3. Identify the number of years (t): 3
4. Use the compound interest formula: A = P(1 + r)^t Applying the formula, you get:
A = 100(1 + 0.12)^3
A = 100(1.12)^3
A ≈ 100(1.404928)
A ≈ $140.49
At the end of three years, you would have approximately $140.49 using annual compound interest.

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