If a company receives $11,400 from a client for services provided, the effect on the accounting equation would be:_________

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Answer 1

If a company acquires $11,400 from a client for assistance provided, the effect on the accounting equation would be: growth in assets and equity

What is an accounting equation?

The accounting equation displays that all assets of a company are financed from equity and liabilities, and total assets are identical as the sum of equity and liabilities

assets=equity+ liabilities

A receipt of $11,400 for assistance provided would impact assets, in that cash would rise, which means assets would increase by $11,400 also on the assumption that such services were provided for cash, the sales income which flows into equity would also improve.

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Related Questions

Which of the following describes what is identified by a supply schedule?

a How much suppliers will profit at various prices

b How much consumers will save at various supply levels

c How much suppliers will raise prices as production varies

d How much of a product suppliers will produce at various prices

Answers

What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).

What is a supply schedule?

A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.

There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.

The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.

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Internet access ______ the opportunity cost of producing education and news ______.

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Internet access lowers the opportunity cost of producing education and news if it expands the production possibilities of education and news by more than it expands the production possibilities of other goods and services.

What is internet?

The internet is a system of interconnected networks that allows for international communication and access to data resources via a huge number of private, public, business, academic, and governmental networks. Governmental organizations that create common protocols, such as the Internet Assigned Numbers Authority (or IANA), are in charge of it.

Although the terms "internet" and "World Wide Web" are frequently used interchangeably, they do not exactly mean the same thing. The internet refers to the technology and infrastructure of the global communication system, while the web is one of the services provided through the internet.

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A man deposits $ 72,400 into a bank, which pays 12% interest that is compounded quarterly. What will he have in his account at the end of five years?

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The amount he will  have in his account at the end of five years is $130,762.45

What is the value of the amount he would have in 5 years?

The amount he would have in the account at the end of 5 years is the future value of the initial deposit of $72,400, in other words, the initial deposit plus the interest on principal and interest on earlier interest earned over the period of 5 years, which can be computed using the future value formula shown below:

FV=PV*(1+r/m)^(m*n)

FV=accumulated balance after 5 years=unknown

PV=initial deposit=$ 72,400

r/m=quarterly interest rate=12%/4=0.03

m=number of quarterly periods in a year=4

n=number of years that the deposit would last=5

m*n=4*5=20

FV=$72,400*(1+0.03)^20

FV=$130,762.45

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If an analyst studies how a business determines the prices of its goods or services, then she is studying the field of economics known as:______

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If an analyst studies how a business determines the prices of its goods and services, then she is studying the field of economics known as Macro economics.

Macroeconomics is a branch of economics is a branch of economics which studies the aggregate of all or overall study of the economy. The market and the business which operates on large scale. Macro economics study the overall economy including inflation in the economy, price level, rate of economic growth, gross domestic production (GDP) , changes in unemployment level and national income.

Macroeconomics deals with the performance, structure, and behavior of the over all  economy, in compare to microeconomics, which is more focused on the choices made by individuals.

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When supply management costs become more ________, their control becomes more _________.

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The answer is visible for blank 1 and feasible for blank 2.

When supply management costs become more visible, their control becomes more feasible.

What is the meaning of supply management?

The process of locating, obtaining, and managing the resources and suppliers that are crucial to an organization's operations is known as supply management. It covers the acquisition of tangible commodities, data, services, and any other resources required for a business to carry on operating and expanding. Supply chain management, in the context of commerce, is the control of the movement of products and services between establishments. The movement and storage of raw materials, inventories for work-in-progress, finished goods, and the complete order fulfillment process from the point of origin to the site of consumption can all be included in this.

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An effective capital allocation process:____.
a. promotes productivity.
b. encourages innovation.
c. provides an efficient market for buying and selling securities.
d. all of these choices are correct.

Answers

An effective capital allocation process promotes productivity, encourages innovation and provides an efficient market for buying and selling securities. Hence, option D is correct.

What is capital allocation?

Capital allocation entails the distribution, re-distribution, and investment of financial resources to maximize stakeholder returns. A strategic financial decision made by the chief executive.

Cash flow from operations, philanthropy, and external debt are the three sources of capital utilized in the entire capital allocation and management process of not-for-profit organizations.

Thus, option D is correct.

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Management students may not immediately become managers, but studying management can help you.

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Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.

What is management?

Management can be defined as the process of making decision, planning, organizing , controlling, as well as leading an organization so as to achieve the organization set goals.

Management play an important in an organization as the success of an organization depend on it. Ineffective or poor management of an organization can lead to failure of that organization which is why management functions play an important role because making use of this functions can enables companies or organization to achieve their goals and objectives.

The management functions are:

PlanningOrganizingLeadingControlling

Therefore Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.

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The top five legacy media companies in the united states are (select all that apply)? comcast bertelsmann nbc universal disney news corporation time warner viacom/cbs

Answers

Time Warner, Disney, Viacom, Bertelsmann and News Corporation

are the top five legacy media companies in the united states,

What is a legacy media?

The majority of the time, they are referring to reputable media organizations like major newspapers, major TV networks, and some weekly and monthly periodicals. The likes of The New York Times, The Washington Post, CBS, and NBC.

In actuality, corporate media has replaced classic media. These news media companies, like Fox, are built to maximize revenues; in order to achieve this, they are aware of their audience and cater to them.

Media that existed prior to the rise of social media is referred to as legacy media.

Essentially, it consists of print media, television news programs, and some film media. The face of media has altered as a result of fb, insta and other platforms.

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To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by 100.

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To compute the percent change, divide the analysis period amount by the base period amount and multiply the result by 100.

The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.

This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.

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Alana decides to spend 2 hours working overtime rather than going shopping with her friends. she earns $11 per hour for overtime work. her opportunity cost of working is:_______

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Her opportunity cost is the enjoyment she would have received from going shopping.

What is her opportunity cost?

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as intrinsic cost. Economic agents should choose to minimise their opportunity cost.

By deciding to work overtime, she would not be able to go shopping with her friends. Shopping with her friends is the next best opportunity that is forgone. Thus, the enjoyment she would have received from going shopping is her opportunity cost.

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According to the dow theory, reversal of a primary bullish trend must be confirmed by?

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According to the Dow theory, reversal of a primary bullish trend must be confirmed by the Dow Jones Industrial Average and Transportation Average-however using this average lacks precision and is sometimes slow in confirming changes.

What do you mean by Dow Theory ?

The Dow theory is a financial theory that states the market is in an increased trend if one of its averages advances above a previous important grow  and is accompanied by a similar advance in the other average.

What is the goal of Dow Theory?

The goal of this  theory is to identify the primary trend in the financial market backed by solid proof. Once a trend is considered to continue until a turnaround is evident.

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An underdeveloped economy in which communities use simple tools and traditional methods to harvest and hunt for food is called a(n)?

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A(n) Traditional System is a term used to describe an underdeveloped economy in which communities harvest and hunt for food using basic tools and conventional techniques.

Describe the conventional economy.

Tradition, history, and long-held ideas serve as the foundation of a traditional economic system. Traditions, practices, and beliefs play a significant role in the production of goods and services in a traditional economy, as well as in the distribution of those commodities and services.

These types of economies are frequently seen in rural, agrarian nations. A traditional economy, also referred to as a subsistence economy, is characterized by trading and bartering. A small amount of surplus is created, and if any extra products are manufactured, they are usually donated to a ruling body or landowner.

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Why is identifying and documenting business rules essential to database design? a. it helps to standardize the company's view of data. b. it can be a communication tool between users and managers.

Answers

Identifying and documenting business rules essential to database design as it helps to standardize the company's view of data.

What is database design?

The arrangement of data in accordance with a database model is known as database design. The designer decides the data pieces' relationships with one another. They can start to fit the data to the database model with this knowledge.

The database designer determines what information needs to be saved and how the data items should be related. Producing logical and physical architectural models of the suggested database system is the primary goal of database design in DBMS

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Phyllis and maury obtained a mortgage from taylor bank & trust in 1998. in 2014, they obtained a second mortgage from quail loans. what's the loan with taylor bank & trust considered?

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The fact that Phyllis and Maury obtained a mortgage from Taylor Bank & Trust first means that the loan with that bank is a First Mortgage.

What is a first mortgage?

The first mortgage refers to the first time that a mortgage loan was acquired on a property.

This loan would often be senior to any subsequent loans that come afterwards which means that in the case of default, they have priority. The loan from Taylor Bank & Trust was acquired first so this is a First Mortgage.

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If actual production totals 8,200 units, the flexible budget would show net income of?

Answers

A flexible budget is one that adapts to a company's activity or volume levels. A flexible budget continuously "flexes" with a business's variations in costs, as opposed to a static budget, which remains fixed at the numbers decided upon when the budget was produced.

Budget flexibility = Fixed Cost plus (actual unit of activity x variable cost per unit of activity)

A flexible budget is simple to adjust in response to changes in the volume of production and sales. Performance measurement and evaluation are made easier with a flexible budget. It takes into consideration changes in activity volume. For control, a flexible budget is preferable to a static one.

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The company has sales of $10,000,000, total assets of $2,400,000, stockholders' equity of $2,000,000, and net income of $500,000. calculate the company's profit margin.

Answers

The company's profit margin is 5.00%

What is profit margin of the company?

The profit margin of the company is net income as a percentage of its sales revenue, in other words, the portion of sales revenue that is achieved as profit for the company overall.

The profit margin is determined as the net income divided by the sales revenue, hence, the profit margin is as computed below:

company's profit margin=net income/sales

net income=$500,000

sales=$10,000,000

company's profit margin=$500,000/$10,000,000

company's profit margin=5.00%

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A _________ license allows companies to install the software on multiple (or all) the machines that they own.

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A "Volume" license allows companies to install the software on multiple (or all) the machines that they own.

What is Volume license?

Volume licensing is a type of software licensing arrangement in which a single license key is used to authorize software on multiple computers.

Some key features regarding the Volume license are-

For example, a company may buy a software license that enables up to 50 of its employees to utilize the software concurrently. A single VLK (volume license key) can be used to authenticate this same software for all installations in this case.Product licenses would not expire: they are valid for the life of the product. Benefits from Software Assurance (SA) expire after two years, but they may be renewed for a fee up to 90 before the expiration date. There isn't a grace period just after license period has expired to renew your benefits.

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Managerial accounting places more emphasis on precision and less emphasis on flexibility and relevance of data than does financial accounting. a. true b. false

Answers

The correct answer is (a) true.

Compared to financial accounting, management accounting favors emphasizing timeliness while placing less focus on accuracy.

Where does a management accountant work?

Governmental organizations, private enterprises, and public companies all employ management accountants. Cost accountants, managerial accountants, industrial accountants, private accountants, and corporate accountants are other names for these experts.

Despite the fact that there are twelve different accounting disciplines, three main forms of accounting are recognized by McAdam & Co. These include financial accounting, managerial accounting, and tax accounting.

Which four managerial accounting areas are there?

The primary goal of managerial accounting, which primarily consists of four major functions:

(1) budgetary planning,

(2) cost discovery,

3) cost and profit analysis, and

(4) financial reporting,

is the preparation of these data and reports.

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What are the benefits to apple of outsourcing the assembly of the iphone to foreign countries, and particularly china? what are the potential costs and risks to apple?

Answers

Because labor costs and the cost of producing parts are low in China, Apple can produce iPhones at a substantially lower cost thanks to outsourcing. Phone usage will rise as a result of the lower phone prices.

What are the benefits of Apple outsourcing to China?

Apple is most at home in China.

The main factor in Apple's choice to outsource its manufacturing to China is who can produce the most Apple goods in the quickest length of time. This also implied that China may continue to be versatile and quick to meet Apple's requirements.

Who benefits from Apple's decision to outsource assembly to China?

The Chinese people themselves would be one group of recipients. Low-wage earners who might not otherwise have jobs now have them thanks to Apple.

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Wide screen formats were initially adapted to standard television format by a special editing process called?

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Wide screen formats were initially adapted to standard television format by a special editing process called Pan and Scan Method.

Pan and Scan is a strategy used to film motion pictures or TV programs, where the picture is trimmed on the sides of a widescreen picture.

This makes it so you are simply ready to see about the portion of what might regularly be apparent on most Television.

The trimming can cause mutilation and cause a few situations to appear to be awkward because they don't squeeze into the edge as they were initially planned.

Pan and Scan is a technique for changing widescreen film pictures so they can be displayed in full-screen extents of a standard-definition 4:3 viewpoint proportion TV screen.

Frequently trimming off the sides of the first widescreen picture to zero in on the creation's most significant perspectives.

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Describe the computation of the limit placed on the business interest deduction. is the disallowed business interest ever deductible?

Answers

The total of business interest income plus thirty percent of the company's adjusted taxable income may be deducted as business interest expenditure. Adjusted taxable income is defined as taxable income allocated to the business activity determined before deductions for interest, depreciation, amortization, or depletion. Business interest is defined as any interest paid on debt allocated to a trade or business activity. It is possible to keep using disallowed business interest forever.

The section 163(j) limitation does not apply to you for the 2019 tax year, notwithstanding the fact that you are subject to it for the 2018 tax year. Any business interest expense that was not permitted in 2018 due to the limitation is carried over to 2019 and won't be restricted in that year. As a result, for the 2019 tax year, you do not need to calculate the section 163(j) limitation.

On a legitimate debt, a taxpayer may write off interest that was collected or paid during the tax year. Business interest expense was generally deductible in the year the interest was paid or accrued prior to the Tax Cuts and Jobs Act of 2017 (TCJA), subject to several restrictions.

With an exemption for small firms, the TCJA repealed the earnings stripping restrictions in 163(j) by capping the deduction for net business interest expense at 30% of a taxpayer's "adjusted taxable income."

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To an economist, ________ is anything that is generally accepted in payment for goods or services or in the repayment of debt.
a. income
b. money
c. credit
d. wealth

Answers

Answer:money

Explanation:

If a licensee joins a company as an independent contractor, which of these will he probably not have to pay for on his own?

Answers

If a licensee joins a company as an independent contractor Health insurance  will he probably not have to pay for on his own.

What is the waiting time for health insurance?

The waiting period in health insurance guides to the time period the insured is needed to wait for, from the date of issue of the health insurance policy, to be able to avail the usefulness under the policy. The terms and requirements of a waiting period vary from insurance company to insurance company.

What is health policy insurance?

Health insurance is a warranty that requires an insurer to pay some or all of a person's healthcare costs in business for a premium. More specifically, health insurance generally pays for medical, surgical, prescription drug, and occasionally dental expenses incurred by the insured.

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True or false: for the economy as a whole, expenditures must equal income.
a. true
b. false

Answers

For an entire economy Income and expenses must be equal. This is so that at the equilibrium level, total individual expenditures and total income are equal.

Does income have to match expenses?

Every transaction involves a buyer and a seller, therefore the economy's overall spending and income must balance out. The Gross Domestic Product (GDP) of an economy is the sum of all the money spent on newly produced goods and services as well as all the money made from their production.

It is accurate since a functioning economy encapsulates all business dealings involving products and services. And these exchanges take place between the production or business sector and the domestic sector.

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This lab is about charge transfer - yet in this lab we don't ever talk about the amount of charge we transfer. is there a way to reliably calculate or measure that?

Answers

If you comprehend the doable distinction (V) in volts utilized in a circuit and the work (W) in joules achieved over the length which it is applied, the cost in coulombs, Q = W / V.

What are the methods of charge transfer?

Three approaches electrons can be transferred are conduction, friction, and polarization. In each case, the complete charge stays the same. This is the law of conservation of charge. Conduction takes place when there is direct contact between substances that differ in their capability to provide up or be given electrons.

Charge switch is the switch of electrons that occurs when an electron relocates from an atom or molecule to a unique such entity. For this, one object have free electrons or a tendency to lose electrons and the different objects must have an affinity for the electron. Charge transfer.

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Select the term from the dropdowns provided which is closely related to the auditing term, phrase, or organizational name.

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Auditing the text or Name of the company term. Any financial statement that a certified public accountant (CPA) has audited qualifies as an audited financial statement.

The method for choosing test items should be decided by the auditor in order to acquire evidence that can be used in conjunction with other pertinent evidence.

Although it resembles a matrix layout, the emphasis is on supervisor fluidity rather than employee fluidity, creating a decentralized functional framework. HR managers make sure that employees are meeting the organization's goals and choose the best individuals to fill open positions.

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Picnix, a meal-kit company, has set a strategic goal of decreasing corporate costs by 12% over the next 4 years. Joseph manages one of picnix’s distribution centers. Installing a just-in-time inventory system and partnering with a new produce wholesaler are ________ that joseph can implement over the next 12 months to contribute to the strategic goal.

Answers

The only strategy that Joseph can use to help achieve the strategic goal during the upcoming 12 months is tactical goals.

Tactical objectives can be pursued over the following 12 or even 24 months because they are medium term. Everything depends on the organization's goals and the performance level of your team.

Management should consider what it can do to attain the strategic aim of a 20% increase in sales as an example. the goals and their corresponding metrics. For instance:

Increase the sales force from 8 to 12 individuals;Ensure that all lead inquiries are fully answered across all of the company's contact channels;

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On july 1, bill's construction paid six months' insurance in advance. the journal entry to record this transaction is?

Answers

Bill's construction made a six-month advance payment on insurance on July 1. Debit Prepaid Insurance; credit Cash is the journal entry needed to document this transaction.

Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most cases, premiums are paid a full year in advance, but they occasionally may extend beyond a full year. These payments appear on the balance sheet of an insurance business if they have not yet been used up or have not yet expired. as an ongoing asset.

Prepaid insurance is a sort of account.

Prepaid insurance is categorized as a company asset and is shown as an asset account on the balance sheet's left side. Similar to money in a bank, the cost of insurance is paid, and as the insurance is "used up" over the course of each month or accounting period, money is withdrawn from the account.

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Economies of scale imply that within some range one can increase the size of operation and?

Answers

Economies of scale imply that within some range one can increase the size of operation and the average total cost will go down.

What is Economies of scale?In microeconomics, economies of scale refer to the cost advantages that businesses experience as a result of their size of operation. These cost advantages are often quantified by the amount of output generated in a given amount of time. An expansion in scale is made possible by a drop in the cost per unit of output.There are two different kinds of economies of scale: internal and external. When compared to external economies of scale, which arise as a result of more significant developments outside the organization, internal economies of scale are firm-specific or created inside. Despite the fact that both lead to lowering marginal costs of production, the overall consequence is the same.

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2. Kathy took a job through an employment agency. The job pays $415 per week. Kathy must pay a
fee to the employment agency. The fee is 25% of her first two weeks' pay. How much money
must Kathy pay the agency?

Answers

Answer: 415 x 2 = 830

25% of 830 is 207.5, so therefore Kathy must pay the agency $207.50

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Do you think the economies of the Northeast and the Southeast stillrely heavily on the exploitation of the natural resources shown on thismap? Why or why not? Exercise 1 Write who or whom in the blank to make each sentence correct.Franklins mother,____________ was named Sara Delano Roosevelt, was very devoted to him. The Pea family has owned the local factory forgenerations. The Penas believe they are good corporateneighbors. They employ many people from theneighborhood, pay their taxes in full and on time, anddonate to many charities. When they hear that thegovernment has passed a law that requires companies tolimit the amount of pollution they emit, the Penas get alittle tense. They realize that it will cost them a hugeamount of money to bring their factory into compliance.This expense will make the factory less profitable for them.To offset that loss of profit, they may have to donate lessto the charities. They also worry they will not be able toemploy as many people. In 1971, under president richard nixon, the federal government passed legislation that "froze" wages and the prices of consumer items. however, that did little to stop the increase in inflation or unemployment. what can you infer was behind nixon's decision to "freeze" wages and prices? workers would be willing to be paid less if it would help the economy. consumers would buy more if inflation continued to rise. inflation affects wages and prices, so freezing those would halt inflation. rising inflation would lead to improvements in unemployment. Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. according to o*net, what are common work styles needed by farmworkers and laborers, crop? select five options adaptability/flexibility attention to detail criticism exclusivity stress tolerance cooperation dependability organizational skills Those who support globalization recognize that while some concessions occur during the process of globalization, ultimately, it still works because? True or false: all three approaches to value must be used in every real property appraisal. What is a major area of jurisdiction for local law enforcement agencies The temperature fell 12 degrees over 4 hours. What was the average change in temperature per hour?Expression: Answer: Find the matrix a of the linear transformation from r2 to r2 that rotates any vector through any angle of 120 An atoms atomic number is the sum of the protons and nuetrons in the nucleus.truefalse Larger, disconnected intervals make a melody _____, while smaller, connected intervals make a melody _____. Exercise 6 Place a check next to each sentence in which the adverb is positioned correctly.There are, however, quite some difficult jobs that are best left to a professional. A scientist has 20 grams of the radioactive isotope sodium-24. The isotope decays exponentially as shown in the table.Time (hours)Mass (grams)515.91012.61510207.9256.3305Approximately what will the mass of the isotope be after 45 hours?A 1.5 gramsB. 2.5 gramsC. 3.5 gramsD. 4.5 grams to the european explorers finding new trades routes ment an ion with one more proton and two more neutrons as an atom of Ne-20 but the same number of electrons? Complex behavior rooted in the pursuit of interpersonal goals, friendly atmosphere, consensus, modesty, caring for the weak, and quality of life is defined as:________ In the context of international trade restrictions, nontariff barriers tend to be fairly effective because:__________ For a show during the halftime break up a football game a stage will be set up on the field the center of the stage is on the 35 yard line if the distance from the center to the outer edges is 11 yards which equation can be used to find the location of the outer edges of the stage If CATDOG, which statement must be true?