all of the following are liabilities except wages payable accumulated profits not paid in dividends bank loans accounts payable
Answers
All of the options given in the question are common examples of liabilities that a company might have on their balance sheet.
However, the only option listed that is not a liability is "accumulated profits not paid in dividends." This is because accumulated profits are a part of the company's equity or ownership. Accumulated profits, also known as retained earnings, represent the amount of the company's profits that have been retained over time instead of being distributed as dividends to shareholders.
On the other hand, wages payable, bank loans, and accounts payable are all examples of liabilities. Wages payable represent the amount of money that a company owes to its employees for work performed but not yet paid. Bank loans are amounts borrowed from a financial institution that must be repaid with interest over time.
Accounts payable represent the amount of money that a company owes to its vendors or suppliers for goods or services purchased on credit. Overall, it is important for companies to carefully track their liabilities and ensure that they have enough assets or equity to cover these obligations in the long run.
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Related Questions
Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero. If the sum of the current and financial accounts do not approximate zero, the government is expected to intervene in the foreign exchange market by buying or selling official foreign exchange reserves. If the sum of the first two accounts is GREATER THAN ZERO, a ________ demand for the domestic currency exists in the world. To preserve the fixed exchange rate, the government must then intervene in the foreign exchange market and ________ domestic currency for foreign currencies or gold so as to bring the BOP back near zero.
Answers
Answer:
D. surplus; sell
Explanation:
In the case of fixed exchanged rate, the government bears the responsibility with respect to the zero of the balance of payments
Now if the sum of the current and the financial accounts is more than the zero so it would be surplus and sell in the domestic country
Therefore in the given case, the option D is correct and the same is to be considered
state three
function of warehousing
Answers
Answer:
-Storage
-Financing
-Price Stabilization
-Time utility
Explanation:
Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthly expenses D Creating financial plan
Answers
Answer:
C) Record monthly expenses
Explanation:
Financial transaction or non-financial transaction?
Please help.
Answers
Answer:
1.Financial transaction
2.Financial transaction
3.non-financial transaction
4.non-financial transaction
5.Financial transaction
Which of the following protects intellectual property for a period of time,
usually the creator's lifetime plus 70 to 125 years?
A. Trademark
B. Copyright
C. Patent
D. Due process
Answers
Answer:
B
Explanation:
copyright
Copyright protects intellectual property for a period of time, usually the creator's lifetime plus 70 to 125 years. Hence, option B is appropriate.
What is the meaning of Copyright?Original works of authorship are protected by copyright, a type of intellectual property, as soon as the author fixes the work in a tangible form of expression.
According to the definition of copyright, someone may get the exclusive right to produce and market one or more copies of their original work. A copyright example might prevent you from passing off Michael Jackson's music as your own. What qualifies as a copyrighted work? The work must be original and physical.
A trademark safeguards a company name, logo, slogan, or other identifier used to market goods and services. Artistic, literary, and theatrical works are examples of original creative expressions that are protected by copyright. Coverage. To identify the brand of a good or product, a mark is utilized.
Hence, option B is correct.
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A decrease in net assets arising from peripheral or incidental transactions is called a(n)
A) capital expenditure.
B) cost.
C) loss.
D) expense.
Answers
loss. A decrease in net assets resulting from peripheral or incidental transactions is considered as a loss. In accounting, a loss happens when an organization experiences an unfavorable outcome or reduction in the value of assets, and this is not due to its primary business activities.
For instance, if a company sells its old equipment for less than its carrying value, the difference between the carrying value and the selling price is considered as a loss. Similarly, if a company incurs damages due to natural disasters or accidents, that would also be considered as a loss. A loss can also arise from litigation settlements, discontinued operations, or the write-off of uncollectible debts.Losses are accounted for in the income statement as a separate line item under expenses, and they reduce the net income of a company. In financial statements, it is essential to disclose the reasons behind the loss to help investors and stakeholders understand the financial health of the company.In conclusion, a decrease in net assets due to incidental or peripheral transactions is called a loss, and it is one of the various financial events that can impact a company's financial health.
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You should write down everything a speaker says when you take notes.
Please select the best answer from the choices provided
T
F
Answers
Which of the following is NOT a best practice regarding tracking data?
state your purpose
keep a tracking sheet
utilize apps like Evernote
start with a broad question to be answered
Answers
In this case, the option that is NOT a best practice regarding tracking data is "Start with a broad question to be answered."
Here's a explanation:
1. State your purpose: When tracking data, it is essential to clearly define the purpose of your tracking. This helps you focus on the specific information you need and avoid collecting irrelevant data.
By stating your purpose, you ensure that your tracking efforts are targeted and efficient.
2. Keep a tracking sheet: It is a best practice to maintain a tracking sheet or document to record and organize the data you collect. This sheet can include columns for different variables or aspects you want to track, such as dates, quantities, or any other relevant information. Keeping a tracking sheet allows you to easily reference and analyze your data later on.
3. Utilize apps like Evernote: Using apps like Evernote can be a beneficial practice for tracking data. These apps provide a digital platform where you can store and organize your data in a convenient and accessible manner.
With features like tags, categories, and search functionality, apps like Evernote can help you efficiently manage and retrieve your tracked data.
4. Start with a broad question to be answered: This option is NOT a best practice regarding tracking data. When tracking data, it is more effective to start with specific, focused questions rather than broad ones.
Narrowing down your questions allows you to collect data that directly addresses your objectives and provides meaningful insights. Starting with broad questions may result in scattered and less valuable data.
To summarize, when it comes to tracking data, it is important to state your purpose, keep a tracking sheet, and utilize apps like Evernote.
However, starting with a broad question to be answered is not a recommended best practice as it can lead to less focused and valuable data collection.
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In a short essay What are advantages and disadvantages of competition for buyers and sellers?
Answers
Answer:
Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.
Salsa caliente, inc., employs three hundred workers at four locations in two states. under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave of:________
Answers
Under federal law, salsa must provide each employee, during any twelve-month period, family or medical leave up to twelve weeks.
What are the Federal law?
The corpus of legislation developed by a nation's federal government is known as federal law. When many political entities, such as states or provinces, unite to establish a federation, they cede most of their individual sovereignty and authority to the federal government while keeping or reserving other, more restricted, authorities. As a result, there are two or more tiers of governance inside a defined geographical area. Federal law is the body of legislation governing the shared central government. Australian, Brazilian, Canadian, German, Malaysian, Pakistani, Republic of Indian, Russian, former Soviet Union, and United States federal administrations are only a few examples.
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Which of the following items is NOT included in federal gross income?
a. Salary income.
b. Federal income tax refunds.
c. Interest from a checking account.
d. Dividend income reported on Form 1099-DIV.
Answers
Refunds of federal income taxes are not included in federal gross income.
What does federal income tax entail?
The Internal Revenue Service (IRS) imposes the federal income tax in the United States on the annual profits of people, businesses, trusts, and other legal entities.
All sources of income that contribute to a taxpayer's taxable income, such as wages, salaries, commissions, bonuses, tips, investment income, and certain categories of unearned income, are subject to federal income taxes. Individual federal income tax rates in the US are progressive, which means that they rise in proportion to taxable income.
Federal income tax rates range from 10% to 37%, and they become effective at a certain level of income. Tax brackets are the ranges of income to which the rates are applied. Each tax bracket has a different rate of taxation that applies to certain types of income.
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B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answers
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
Assume the exchange rate between the U.S. and India is $1= Rs73.58. If currently selling in India for Rs 7,358 . holds, an item that sells for $100 in the US. is Multiple Choice a) international Fisher effect. b) unbiesed forward rates condition. c) uncovered interest rate parity. d) interest rate parity. e) purchesing power parity.
Answers
The purchasing power parity theory holds true in this scenario, as the price of the item in India is equal to the price of the item in the US when converted to the same currency.
Purchasing power parity (PPP) is a theory that states that the prices of goods and services should be the same in different countries when they are converted to a common currency. In this case, the price of the item in India (Rs 7,358) is equal to the price of the item in the US ($100) when converted to the same currency (USD). This means that PPP is holding true in this scenario.
The other answer choices are incorrect because they do not refer to PPP. International Fisher effect is a theory that states that the difference in interest rates between two countries should be equal to the expected rate of change in the exchange rate between those two countries.
Uncovered interest rate parity is a theory that states that the difference between the spot exchange rate and the forward exchange rate should be equal to the difference in interest rates between two countries. Interest rate parity is a theory that states that the interest rate on a foreign currency deposit should be equal to the interest rate on a domestic currency deposit plus the expected rate of change in the exchange rate between the two currencies.
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Why is Feeney called a hero/saint?
Answers
Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
What is a difference between being cheap and rich?
Answers
tools - machinery - and infrastructure are classified under the resource category of
Answers
Tools, machinery, and infrastructure fall under the resource category in various industries and sectors. They are essential assets that enable the production, development, and maintenance of goods and services.
Tools, machinery, and infrastructure are vital resources that support economic activities across different sectors. In manufacturing, tools and machinery encompass a wide range of equipment, from hand tools to complex industrial machines, used in production processes. They play a crucial role in enhancing efficiency, precision, and output levels. Infrastructure refers to the physical structures and systems necessary for the functioning of a society, including transportation networks, power grids, communication systems, and buildings.
It provides the framework for economic activities by facilitating the movement of goods, services, and people. Well-developed infrastructure enables businesses to operate smoothly, connect with markets, and reach customers efficiently. Overall, tools, machinery, and infrastructure are key resources that contribute to economic growth, productivity, and development in various industries.
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What is the Congress or Legislative branch?
Answers
Answer:
The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.
Explanation:
Why is it necessary to invest for retirement instead of saving for retirement?
Answers
Answer:
Compound interest is likely the most significant benefit of investing early in retirement. Though there's no guaranteed set rate of return, when you start saving for retirement earlier, you'll end up with more money with a smaller capital investment than if you wait until later in your career
Explanation:
Freda is a cash basis taxpayer. In 2019, she negotiated her salary for 2020. Her employer offered to pay her $21,000 per month in 2020 for a total of $252,000. Freda countered that she would accept $10,000 each month for the 12 months in 2020 and the remaining $132,000 in January 2021. The employer accepted Freda’s terms for 2020 and 2021. a. Did Freda actually or constructively receive $252,000 in 2020? b. What could explain Freda’s willingness to spread her salary over a longer period of time? c. In December 2020, after Freda had earned the right to collect the $132,000 in 2020, the employer offered $133,000 to Freda at that time, rather than $132,00
Answers
Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
The Beta Division has sales of $240,000, variable expenses of $134,100, and traceable fixed expenses of $64,300. The Alpha Division has sales of $550,000, variable expenses of $311,800, and traceable fixed expenses of $122,300. The total amount of common fixed expenses not traceable to the individual divisions is $121,200. What is the company's net operating income
Answers
Net operating income of the company can be calculated by adding the operating income of each division, subtracting the total traceable fixed expenses of each division, and subtracting the total common fixed expenses of the company, which is $121,200.
Here are the calculations: Beta Division: Sales = $240,000
Variable expenses = $134,100
Traceable fixed expenses = $64,300
Operating income = $240,000 - $134,100 - $64,300
= $41,600
Alpha Division: Sales = $550,000
Variable expenses = $311,800
Traceable fixed expenses = $122,300
Operating income = $550,000 - $311,800 - $122,300
= $115,900
Total operating income of the company = $41,600 + $115,900
= $157,500Total traceable fixed expenses of the company
= $64,300 + $122,300
= $186,600
Net operating income of the company = $157,500 - $186,600 - $121,200
= $-150,300
Therefore, the company has a net operating loss of $150,300.
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When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answers
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
In order to manufacture a piece of medical hardware that might help millions of diabetics, you are considering hiring a number of subcontractors, since you have a very short deadline. Supplier A has a long track record of completing work on time, and they consistently charge less than other companies. Supplier B will charge more for the parts and their process adds one whole day to the process. If supporting your company's green initiatives is a goal, what factors might make supplier B more appropriate, even with higher charges and a delay on delivery?
To whoever answers this, thank you, and I'm giving them 70 points.
Answers
Answer:
b and c
Explanation:
Answer: Hes right its b and c
Which of the following are examples of automatic stabilizers? Check all that apply. As corporate profits rise during an economic expansion, corporate income tax revenues rise. As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates. As unemployment falls during an expansion, unemployment insurance payments decline. In 2001, partly in response to a recession, Congress enacted lower income tax rates and increased tax exemptions for married couples.
Answers
Answer:
As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
The following are the correct examples of automatic stabilizers:
As unemployment falls during an expansion, unemployment insurance payments decline.As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates As corporate profits rise during an economic expansion, corporate income tax revenues rise.Thus, options (a),(b), and (c) are the correct answers.
Automatic stabilizers are a sort of fiscal policy intended to counteract changes in a country's economic activity over the course of its regular operation without extra, timely approval by the government or policymakers.
Keynesian economics favors automatic stabilizers as a sort of fiscal policy to address economic downturns and recessions.Governments frequently supplement automatic stabilizers in the event of severe or protracted economic downturns with one-time or short-term stimulus measures in an effort to kick-start the economy.Therefore,
As unemployment falls during an expansion, unemployment insurance payments decline.As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates As corporate profits rise during an economic expansion, corporate income tax revenues rise.Thus, options (a),(b), and (c) are the correct answers.
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A new invention lowers the cost of producing widgets. a. How does this change affect the supply and/or demand for widgets? b. What happens to the equilibrium price of widgets? c. What happens to the equilibrium quantity of widgets sold?
Answers
a. The new invention that lowers the cost of producing widgets would affect the supply of widgets.
b. The equilibrium price of widgets would decrease.
c. The equilibrium quantity of widgets sold would increase
With lower production costs, suppliers can now offer widgets at a lower price, which increases the quantity they are willing to supply. As a result, the supply curve for widgets shifts to the right, indicating an increase in supply.
With the increase in supply due to the lower production costs, the market will experience an excess supply of widgets at the current equilibrium price. To clear the market, suppliers will have to lower the price of widgets to attract more buyers. As a result, the equilibrium price will decrease.
As the supply of widgets increases due to the lower production costs, more widgets will be available in the market. At the new lower equilibrium price, consumers will be willing to purchase a greater quantity of widgets. Therefore, the equilibrium quantity of widgets sold will increase as a result of the decrease in price and the increase in supply.
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the central bank can reduce the level of credit by
Answers
Answer:it can increase the reserve requirements
Explanation:
The CEO of Global Investment Funds claims that, on average, clients leave their investment funds with the company for a period of at least 56 months. Test this claim at the 10% significance level, if it was found that a sample of 29 clients left their investment funds with the company for an average period of 58.85 months, with a standard deviation of 3.75 months.
Answers
To test the CEO's claim about the average duration clients leave their investment funds, a hypothesis test can be performed.
The null hypothesis assumes that the average period is indeed 56 months, while the alternative hypothesis suggests that it is different. With a sample of 29 clients who left their funds for an average of 58.85 months and a standard deviation of 3.75 months, the test will determine whether the evidence supports the CEO's claim at the 10% significance level.
The null hypothesis (H₀) states that the average duration is 56 months, while the alternative hypothesis (H₁) posits that it is different. Since the sample size (29) is small and the population standard deviation is unknown, the t-test is appropriate.
The test statistic can be calculated using the formula:
t = ( sample mean- population mean) / (s / √n),
sample mean (58.85 months), population mean (56 months), s is the sample standard deviation (3.75 months), and n is the sample size (29).
Substituting the values, we find:
t = (58.85 - 56) / (3.75 / √29) ≈ 3.91.
To assess the significance of the result, we compare the t-value to the critical value from the t-distribution table at a 10% significance level with degrees of freedom (df) equal to n - 1 (29 - 1 = 28). In this case, the critical value is approximately ±1.701.
Since the calculated t-value (3.91) exceeds the critical value (1.701), we reject the null hypothesis. This indicates that there is strong evidence to suggest that the average duration clients leave their investment funds is different from 56 months. The CEO's claim is not supported by the sample data at the 10% significance level.
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The ____ must be able to communicate well and should be accessible to other corporate executives. question 11 options: cio ciso cto cifo
Answers
The executive role that must be able to communicate well and should be accessible to other corporate executives is the Chief Information Officer (CIO).
The CIO is responsible for managing the organization's information technology systems and ensuring that they align with the overall business objectives. They play a crucial role in driving digital transformation and innovation within the company.
Effective communication is vital for a CIO as they need to collaborate and engage with other executives, such as the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Technology Officer (CTO). The CIO needs to understand the strategic vision of the organization and effectively convey the technology requirements to support that vision.
Being accessible to other corporate executives is equally important for the CIO. This accessibility facilitates open lines of communication, promotes collaboration, and allows for quick decision-making. By being accessible, the CIO can address any concerns, share progress updates, and seek input from other executives, which helps in aligning technology initiatives with business goals.
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The local community college requires that each student complete a registration request form and mail or deliver it to the registrar’s office. A clerk enters the request into the system. First, the system checks the accounts receivable subsystem to ensure that no fees are owed from the previous quarter. Next, for each course, the system checks the student transcript to ensure that he or she has completed the course prerequisites. Then the system checks class position availability and adds the student’s Social Security number to the class list. The report back to the student shows the result of registration processing: If the student owes fees, a bill is sent, and the registration is rejected. If prerequisites for a course are not fulfilled, the student is notified, and that course is not registered. If the class is full, the student request is annotated with "course closed". If a student is accepted into a class, then the day, time, and room are printed next to the course number. Student fees and total tuition are computed and printed on the form. Student fee information is interfaced to the accounts receivable subsystem. Course enrollment reports are prepared for the instructions. Draw a context diagram and a level 0 DFD for the preceding operations.
Answers
The figure below shows the preceding operations' context diagram and level 0 DFD. The incoming data flow for the context diagram is the Student Registration Request Form and the outgoing data flow is the Student Schedule or Bill (depending on the results of registration processing). The two entities in the diagram are the Student and Registrar's Office.
The context diagram provides a high-level view of the system, showing its interactions with external entities. A context diagram for a registration system should include the students as the external entities and the registrar's office as the system.
The level 0 DFD decomposes the context diagram into the main sub-processes, also known as the system's main functions. The level 0 DFD illustrates the processes involved in the student registration request system. It includes all the essential parts of the registration system, such as accounts receivable, student transcript, class position availability, and others.
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What are the four key assumptions examined in specification analysis in the case of simple regression? A. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. B. Four key assumptions examined in specification analysis are 1. Independence of residuals. 2. Normal distribution of residuals. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. C. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals. D. None of the above are correct.
Answers
Answer:
C. 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals.
Explanation:
The four keys assumptions that are examined in the case of simple regression with respect to the specification analysis is given below:
1. There should be relationship between the dependent and independent variable and that should be linear and do not cross the relevant range
2, The residual variances of the independent variable would remain the same
3. Residual independence
4. Residual normal distribution
These four should be considered
Hence, the option c is correct