When preparing external financial statements that are in accordance with generally accepted accounting principles, the minimum financial report will include
A. Basic financial statements, management's discussion and analysis, and other required supplementary information.
B. Only the financial section of a comprehensive annual financial report.
C. Basic financial statements only.
D. A comprehensive annual financial report.

The annual percentage rate is the additional cost that you pay monthly in order to borrow money in loans.

This rate is also expressed as the interest rate. It is the amount that one is charged for the money that they borrowed.

This amount is the actual cost of the loan that they got which is expressed in percentages.

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Answer:

yes

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Apple's historic pricing strategies would be best characterized as:

Apple hasof employing skimming pricing strategies, particularly with their high-end and innovative products. b. Skimming.

Skimming involves initially setting a high price for a product to maximize profits from the early adopters and customers willing to pay a premium for the latest technology or unique features. Over time, Apple gradually lowers the price to target a broader customer base and capture more market share.

This pricing approach aligns with Apple's brand positioning as a provider of premium and cutting-edge products. They often introduce new devices at a premium price, leveraging their strong brand image, perceived value, and customer loyalty. As demand stabilizes and competition increases, Apple adjusts the prices downward, making the products more accessible to a wider range of consumers.

Apple's strategy allows them to generate significant revenue and profit margins during the initial product launch and capitalize on the enthusiasm of early adopters. As the product matures and the market becomes more saturated, Apple gradually reduces prices to maintain sales momentum and attract a broader customer base.

While Apple has experimented with different pricing strategies and offers products at various price points, their historical approach has been most closely aligned with skimming pricing.

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The answers should be like this.

deduction - an amount that is subtracted

gross pay - an employee's total pay, including overtime pay, commissions, and bonuses before any deductions are made

employee benefits - perks that a company provides its employees

net pay - take-home pay; the portion of the wages that the employee actually gets to take home

Net pay is the amount of an employee's salary or wages after all deductions have been taken out. It includes taxes, Social Security contributions, retirement contributions, and other authorized deductions such as health insurance premiums or contributions to a 401(k) plan. It is deposited into the employee's bank account or provided to them in the form of a paper paycheck.

Gross pay is an employee's entire pay or wage, including normal wages, overtime pay, commissions, bonuses, and other revenue. It is decided between the employee and the company prior to any deductions being made.

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Answer:

Explanation:

Advantages

- Expansion can be faster because franchisees provide the labour and their sales provide the growth.

- Franchisees are responsible for their company’s success so they are more motivated

- Franchisees may be more talented at growing the business and turning a profit than employees would be

Disadvantages

- Franchisees cannot be managed as closely as employees and they may have different goals to the franchisor.

- Franchise recruitment can be slower and less efficient than employee recruitment

- Franchisors earn royalties from sales. Franchisees earn money from profits. Achieving growth in both isn’t always possible, potentially causing conflict

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Answer:

Yes this could be counted as GDP

Explanation:

Answer:

The sales tax

Explanation:

The scenario involves preparing various financial statements and journal entries for Business Solutions based on its transactions and events in December 2017. This includes recording transactions, making adjusting entries, preparing an adjusted trial balance, income statement, statement of retained earnings, balance sheet, and closing entries.

1. Journal entries: Prepare journal entries to record each transaction and event in December 2017 based on the information provided.

2-a. Adjusting entries: Make adjusting entries to reflect the following: (a) December inventory count of computer supplies, (b) expired insurance premium, (c) unpaid wages for Lyn Addie, (d) depreciation expense for computer system and office equipment, and (e) expired prepaid rent.

2-b. Post journal entries: Post the journal entries, including the adjusting entries, to the appropriate accounts in the ledger.

3. Adjusted trial balance: Prepare an adjusted trial balance as of December 31, 2017, by listing all the accounts and their adjusted balances.

4. Income statement: Prepare an income statement for the three months ended December 31, 2017, by summarizing revenues and expenses to determine net income or loss.

5. Statement of retained earnings: Prepare a statement of retained earnings for the three months ended December 31, 2017, by showing the beginning retained earnings, adding net income, and deducting dividends.

6. Balance sheet: Prepare a balance sheet as of December 31, 2017, by listing the company's assets, liabilities, and shareholders' equity.

7. Closing entries: Record and post the necessary closing entries as of December 31, 2017, to transfer temporary account balances to the retained earnings account.

8. Post-closing trial balance: Prepare a post-closing trial balance as of December 31, 2017, by listing the permanent (real) accounts and their balances after the closing entries.

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The question is about business accounting, specifically how to record transactions, make adjusting entries, prepare an adjusted trial balance, income statement, a statement of retained earnings, and a balance sheet, and to carry out closing entries and prepare a post-closing trial balance.

The student's question is about preparing journal entries, adjusting entries, and various financial statements for a fictional company, Business Solutions. The task involves transaction analysis, adjusting entries for accruals and deferrals, posting to ledger accounts, preparing an adjusted trial balance, creating an income statement, a statement of retained earnings, a balance sheet, closing entries, and a post-closing trial balance.

Transactions include simply the business events occurring during December 2017. While adjusting entries are made at the end of the accounting period (in this case, December) and are used to update account balances to reflect the revenues earned and expenses incurred during the period. Subsequently, the adjusted trial balance is created to ensure debit and credit values are balanced after considering adjusting entries.

The income statement will reflect the revenue, expenses, and ultimately, the net income of Business Solutions for the three months ending December 31, 2017. The statement of retained earnings showcases changes in retained earnings over this same period. The balance sheet illustrates the company's financial condition as of December 31, 2017. Finally, closing entries are made to reset the balances of income, expense, and dividend accounts to zero to prepare them for the next accounting period. The confirmation that all temporary accounts have been correctly emptied is the post-closing trial balance.

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True. Problem recognition is a critical stage in the consumer decision-making process.

It occurs when a consumer recognizes that there is a difference between their current state and their ideal state. In other words, the consumer becomes aware of a need or a problem that they want to solve. This recognition of a problem can be triggered by internal or external factors, such as a change in personal circumstances, exposure to marketing messages, or the influence of family and friends. Once the consumer recognizes the problem, they may start searching for information and evaluating different options to address it. Therefore, understanding the process of problem recognition is essential for marketers as it helps them identify consumer needs and develop effective marketing strategies that address those needs.

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Answer:

Explanation:

One major difference between the bond and stock markets is that the stock market has central places or exchanges where stocks are bought and sold. The other key difference between the stock and bond market is the risk involved in investing in each

True, white papers typically have at least 10 pages of text, are double spaced, and include sources. White papers are comprehensive reports that address a particular problem or issue and provide a solution or recommendation.

They are typically longer than other types of business documents, with a minimum of 10 pages of text. White papers are often used by companies, organizations, or government agencies to educate their audience, establish themselves as thought leaders in their industry, and generate leads or sales. In addition to their length, white papers are also formatted with double spacing and include sources to support the claims made in the document. Sources may include statistics, research studies, case studies, or expert opinions. White papers are also written in a professional tone and are often targeted towards a specific audience, such as executives, investors, or policymakers.
Overall, white papers are an effective tool for businesses and organizations to establish themselves as experts in their industry and provide valuable insights and solutions to their audience.

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Answer:

It is letter B

Explanation:

Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.

A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.

Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.

Therefore, option B is the correct option.

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Typically, when a going concern issue exists the auditor should: Issue an unmodified opinion with an emphasis-of-matter paragraph.

When an auditor identifies a going concern issue, it means that there is uncertainty about the entity's ability to continue operating in the foreseeable future. In such cases, the auditor has a responsibility to assess the going concern assumption, which assumes that the entity will continue its operations and meet its obligations.

The auditor should perform additional procedures to gather sufficient and appropriate evidence regarding the entity's ability to continue as a going concern. This includes evaluating management's plans, forecasts, and other relevant information. The objective is to determine whether there are events or conditions that cast significant doubt on the entity's ability to continue operating.

If the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern, this should be disclosed in the auditor's report. The disclosure alerts users of the financial statements about the uncertainty and provides them with important information for their decision-making.

In summary, when a going concern issue exists, the auditor should conduct additional procedures to assess the entity's ability to continue as a going concern and disclose any significant doubt in the audit report to ensure transparency and inform the users of the financial statements about the potential risks involved.

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The following statement, "Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s." is False.

The process of economic development and industrialization has been a major driver of globalization. Developing economies have been able to take advantage of opportunities in the global marketplace and have been able to grow rapidly as a result.

Industrialization has played a key role in this process, as it has allowed developing economies to produce more sophisticated and higher-value products. The globalization of supply chains and the rise of global value chains have also been major drivers of economic development and industrialization.

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Answer: B. Marci interviews a city council member about placing new stop signs in her neighborhood.

Explanation:

The expanded militaries of absolute states allowed monarchs to consolidate and maintain their power in various ways.Firstly, a strong military provided monarchs with the means to suppress internal dissent and maintain domestic order. The presence of a large and well-equipped military force deterred rebellions and uprisings, as the monarch could swiftly respond to any challenges to their authority. This helped to solidify the monarch's control over the population and maintain social stability.

Secondly, an expanded military enabled monarchs to expand their territorial ambitions and engage in conquest and colonization. With a powerful army at their disposal, monarchs could wage wars of expansion, conquer new territories, and establish colonies. This not only enhanced the monarch's prestige and reputation but also allowed them to acquire valuable resources, wealth, and new subjects to tax and govern.Furthermore, a strong military acted as a deterrent against external threats and maintained the monarch's position on the international stage. It served as a symbol of the monarch's power and authority, ensuring that other nations would think twice before challenging their rule.Overall, the expanded militaries of absolute states granted monarchs the means to assert and maintain their authority, suppress internal opposition, expand their territories, and project power on the global stage.

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Answer:

haha i am wierd too i feel u

Explanation:

Answer:

i shall win them and im wierd also.

Explanation:

Activity-based depreciation methods are more costly and difficult to use. Thus, the correct options are (a) ‘too costly to use’ and (b)  ‘difficult to apply in practice’.

The activity-based depreciation methods link the costs of assets with their output/production levels over a period of time. Although activity-based depreciation methods are theoretically more efficient than time-based depreciation methods, still they are not widely used in practice it is because of their high cost and level of difficulty.

For example, for the assets like machineries where productivity can be measured by the units of production and amout of time of production. It is simple to measure the production time than to determine the units of production.

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Answer:

Risk can be thought of as the possibility of incurring a loss.

Explanation:

Loss.

Answer:

Explanation:

A

The outcomes of high-performance work systems include high employee turnover.

Answer:

Explanation:

Reflect on what you see in your social media feeds and on other websites you visit. What kinds of posts,

articles, links, ads, etc., do you see that might be inside your filter bubble?

================================

I spend time doing Internet searches on 4 topics:

1) News updates on Ukraine, Jan 6th Committee, and local news

2) Travel information for leisure trips around the world and local

3) Science and Techology for presentations on current topics to the community

4) Search for movie and restaurant reviews

-----

This has led to many ads and articles that generally praise the destinations for tarvel, dining, and entertainment. I've also noticed a large increase in fake technology claims. Medications that cure anything. Energy-saving heating and cooling systems that seem to defy physics laws, and special offers from countries I've explored online. One time I got an email concerning an article that was just published that analyzed the impact on climate change on governments around the world, It predicted major conflicts between certain countries in the near future. Although I normally would have skipped reading this level of hype, the article was filled with references to news media and scientific journals, I began to explore deeper by going to the references. What I discovered was that the predictions for many of the events came from organizations that got funding from affected parties. A claim that Alaska had experienced it's worst flooding ever came from a small-town newspaper commenting on a nearby creek. Most of the refences were suspect, so I looked closer at the author. I discovered he was a writer who sold his work to magazines and nespapers. His list of authoritative articles ranged from global climate change, women's health issues, stock market fundamentals, accounting practices, . . . . you name it. He wrote whatever it took to get paid.

My filter bubble was feeding me biased information that usually had a monetary connection. It requires honest evaluation and careful research to avoid these misleading items.

============

Then, think about steps you could take to burst your filter bubble, and write them below the red

arrows.

-----------------------------

The steps I take to avoid misinformation is to fact-check where I can, and use judgement as to the honesty of the item. I use Scopes to check online for evidence of fake news. I also rely on referred journals for technical information.

=================

What sites, people, opinions, etc., could you seek out? What other steps could you take?

----------------------

Use public television and radio, referried journals, notable news media source such as Washington Post, and visit blogs where others are discussing the topic. Odd user names signal suspicious sources of information, as does bad grammer (e.g., I past minister finance and I got big sum money I like give you).

===============

What topics, opinions, people, websites, and experiences are inside your filter bubble?

----------------

Topics: science and technology, digital graphic arts, travel.

Opinions: Washington Post, PBS. Boston Globe, Time Magazine

People: Wife, co-workers, respected authors (e.g., Bill Bryson, Sam Kean) and scientists. I use ACS (American Chemical Society) and various other Physics and Math websites hosted by universities or technical organizations.

Experiences: I've lived through Y2K, cold fusion, weapons of mass destruction, and numerous claims of innocence from politicians.

Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.

Explanation: Those are two primary functions.

The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.

A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.

The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.

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Delectable's financial statements will show Allowance for Doubtful Accounts of $1,000 on balance sheet and Bad debts expense of $950 on Income statement

Here, we are to determine the records of bad debts expenses on Income statement and Allowance for doubtful accounts on Balance sheet.

Bad debts expense = Estimated bad debts - credit balance in allowance account

Bad debts expense = $1,000 - $50

Bad debts expense = $950

                            Journal Entry

General journal                                  Debit   Credit

Bad debts expense                            $950

Allowance for Doubtful accounts                   $950

(Bad debts expense recorded)

The allowance for doubtful account will be $1,000. ($950+$10) because the Allowance for Doubtful Accounts had $50 credit balance.

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In doing business with China, U.S. businesses should understand that there is a strong influence of Confucianism.

The correct answer is:- E

Confucianism has been a dominant philosophy and cultural influence in China for thousands of years, emphasizing values such as respect for authority, strong work ethic, and group harmony. Understanding these values and how they impact business practices can be crucial for successful business dealings in China.

For example, Confucianism places a strong emphasis on respect for authority and seniority, which can affect business relationships and decision-making processes in China.

Confucianism also emphasizes the importance of maintaining social harmony and avoiding conflict, which can impact negotiation styles and conflict resolution approaches in Chinese business dealings.

Understanding the influence of Confucianism can be important for U.S. businesses when engaging in business with China, as it can help them navigate cultural nuances, build effective relationships, and adapt their business practices to be more aligned with Chinese cultural values.

It's important to note that while Confucianism has a significant influence on Chinese business culture, it is not the only factor, and other cultural, social, and economic factors also play a role in shaping China's business environment.

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The answer is (d) $200 to last year's nominal GDP and $300 to this year's nominal GDP.

Nominal GDP is the value of all final goods and services produced in an economy in a given year, using current prices. In this case, 100 hot dogs were sold at $2 each last year, so the contribution to nominal GDP would be 100 x $2 = $200. This year, the price of hot dogs has increased to $3, so the contribution to nominal GDP would be 100 x $3 = $300.

Real GDP, on the other hand, is the value of all final goods and services produced in an economy in a given year, using constant prices. To calculate real GDP, we need to adjust for inflation. In this case, we don't have enough information to calculate real GDP because we don't know the inflation rate.

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Indirect costs are costs that cannot be easily and accurately traced to a specific product, service, or project. These costs are often incurred for general business activities that benefit multiple products or services.

Indirect costs are typically allocated to products or services using an allocation rate based on some cost driver, such as direct labor hours, machine hours, or square footage. However, in some cases, indirect costs may be pooled and not allocated individually for several reasons:

Difficulties in measurement: Some indirect costs, such as rent, utilities, and insurance, are difficult to measure accurately for each product or service.

Immateriality: Indirect costs may be immaterial or insignificant to the overall cost of a product or service, and therefore not worth allocating separately.

Cost-benefit analysis: The cost of allocating indirect costs individually may outweigh the benefits of more accurate product costing.

Management discretion: In some cases, management may choose to pool indirect costs because they believe it is more appropriate or consistent with their accounting policies and practices.

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Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

Based on the information given the company's cash-basis income for its first year of operations is $350,000.

First step

Net sales revenues =Sales - Account receivable

Net sales revenues= $1,000,000 - $100,000

Net sales revenues = $900,000

Second step

Net expenditure on purchases =Inventory purchases - Account payable

Net expenditure on purchases =$400,000 - $50,000

Net expenditure on purchases = $350,000

Third step

Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses

Cash-basis income= $900,000 - $350,000 - $200,000

Cash-basis income= $350,000

Inconclusion  the company's cash-basis income for its first year of operations is $350,000.

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You are permitted to verify your credit score as well as credit report at any of the credit bureaus for free in accordance with their mandate. There may only be one report every year, though.

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Answer:

True

You must use your pin, because the bank has to verify that it is actually you, and not a robber/someone else.

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