The inventory turnover for Monroe Manufacturing is 21.86
How do we determine the frequency of inventory turnover?
Inventory turnover, the number of times Monroe Manufacturing sells and replenishes its inventory can be determined using the formula below:
inventory turnover=annual sales/ inventory
annual sales= $400,000
total current assets=cash+ accounts receivable+inventory
total current assets=$61,000
cash=$27,450
accounts receivable=$15,250
inventory=unknown(assume it is x)
$61,000=$27,450+$15,250+x
x=$61,000-$27,450-$15,250
x=$18,300
inventory turnover=$400,000/$18,300
inventory turnover=21.86x
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Full question?
Monroe Manufacturing has a quick ratio of 2.00x, $27,450 in cash, $15,250 in accounts receivable, some inventory, total current assets of $61,000, and total current liabilities of $21,350. The company reported annual sales of $400,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
InventoryUsing this formula
Inventory=Annual sales/[Total current assets-(Total current liabilities× Quick ratio)]
Let plug in the formula
Inventory=$800,000/[$77,500 - ($27,125 x 2)]
Inventory=$800,000/[$77,500 -$54,250]
Inventory=$800,000/$23,250
Inventory=34.408x
Inventory=34.41x
Therefore If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
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The complete question is:
Monroe Manufacturing has a quick ratio of 2.00x, $34,875 in cash, $19,375 in accounts receivable, some inventory, total current assets of $77,500, and total current liabilities of $27,125. The company reported annual sales of $800,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
2.86x
37.85x
34.41x
8.01x
A fundamental idea behind ____ is understanding that natural capital supports our economies.
Understanding that natural capital underpins our economy is a crucial concept in environmental literacy.
The required details for environmental literacy in given paragraph
Environmental literacy is the ability and desire of a person to make moral judgments that consider his or her relationships to social groupings, communities, and future generations.
Why does a literate environment matter?
An setting that values literacy offers opportunity for meaningful and genuine emergent literacy behaviors. Teachers can support the development of important oral language and emerging literacy abilities thanks to the environment's design.
What aims does environmental education seek to achieve?
The goals of environmental education are to enhance public knowledge of environmental challenges, investigate potential solutions, and establish the groundwork for individual engagement that is fully informed and active in environmental protection and the wise and responsible use of natural resources.
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True or false: the adjusted trial balance presents the ending balance of retained earnings
The statement, "the adjusted trial balance presents the ending balance of retained earnings" is false.
What is an adjusted trial balance?The general ledger account balances are reported in an adjusted trial balance following any revisions. These changes often cover depreciation, prepaid expenses, accruing expenses, and other non-cash costs. Prepared at the end of an accounting period - the end of the financial year - the adjusted trial balance is reported on a business’s financial statements, which provide important data on cash flow, expenses, and profits and losses.
The end-of-year balance for Retained Earnings is displayed in the adjusted trial balance. Assets, liabilities, stockholders' equity, dividends, revenues, and expenses appear in this sequence on a trial balance.
A trial balance is a list of the ledger accounts' closing balances at a specific moment. A list of general accounts makes up the adjusted balance in contrast. This money is utilized to pay for various insurance claims and perks as well as operating costs for the business.
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Three virtues of the market system include _________________, __________________, and ________________.
The three virtues of the market system include efficiency, freedom & incentives.
What is a market system?This refers to the network of buyers, sellers and other actors that come together to trade in a given product or service. The participators in the market system include the direct market players such as producers, buyers, and consumers who drive economic activity in the market.
The type of market system includes Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony. However, the 3 virtues of the market system include an efficiency, freedom, incentives.
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Suggest two actions that the company could take to overcome the shortage of labour.
Methods for overcoming the labor shortage and attracting candidates are:
Enhance the recruitment process.Improve the training procedure.What do we mean by a shortage of labor?When there is a labor shortage, it means that employers are having difficulty finding qualified candidates for available job openings. There aren't enough candidates to fill the positions they're looking for, and the few that are available are difficult to find. Staffing shortages could slow GDP growth, cause a recession, and stymie the growth of industries dominated by blue-collar workers and manual laborers in the long run.Methods for overcoming the labor shortage and attracting candidates are:
Enhance the recruitment process.Improve the training procedure.Examine your management style again.Encourage and provide opportunities for growth and development.Enhance the working environment and provide superior benefits.Therefore, methods for overcoming the labor shortage and attracting candidates are:
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Ant assets at an $11,000 loss. where on the statement of cash flows should star media report the sale of plant assets? how much should the business report for the sale?
According to the Question,
Investing cash flows include a $31,000 cash receipt.The plant account shows $52,500 in disposals. This indicates that items worth $52,500 were sold.According to the statement for cumulative depreciation, the depreciation charged on sold assets was $10,500.
The book value was $ 52,500 less $ 10,500 on the date of disposal, which equaled $ 42,000.
The factory was sold for a $11,000 loss.The sale price is equal to$42,000 - $11,000, = $31,000.The plant, which had a price tag of $42,000, was sold for just $31,000, resulting in a $11,000 loss.
All purchases and sales of fixed assets or investments are listed under investing activities on a cash flow statement.The issuance of shares, settlement of long-term obligations, dividend payments, loans, etc. are all examples of financing operations.
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Correct Question - The Plant Assets account and Accumulated Depreciation—Plant Assets account of Star Media show the following: (Click the icon to view the data.) Star Media sold plant assets at an $11,000 loss. Where on the statement of cash flows should Star Media report the sale of plant assets? How much should the business report for the sale? X Data Table O A. Financing cash flows-cash receipt of $42,000 OB. Investing cash flows-cash receipt S53,000 OC. Investing cash flows-cash receipt of $31,000 OD. Investing cash flows-cash receipt S42,000 Plant Assets Beg. Acquisitions 100,000 428,000 52,500 Disposals End 475,500 Accumulated Depreciation—Plant Assets 20,000 12/31/2015 Disposals 10,500 34,000 Depr. Exp. 43,500 12/31/2016 Print Done
Find a recent new article relating to the use/misuse of inventory/assets within a business/organization that sells inventory.
Summarize the event by writing a report on your findings. Keep in mind what is considered to be good corporate governance, ethical behavior and internal auditing and control
Stock to sales is a performance ratio this is used to decide the rate at which the corporation is liquidating its inventory. but honestly, the inventory to sales ratio measures the amount of inventory the company is wearing compared to the quantity of income that is being made.
The principle feature of inventory is to provide operations with ongoing delivery of substances. To gain this function efficiently, your enterprise needs to try to discover a candy spot between an excessive amount and too little, without ever walking out of stock.
The 3 maximum commonly used stocks are uncooked substances, work in development (WIP) inventory, and finished items. inventory refers to all the products, items, and materials bought or manufactured by means of a commercial enterprise for selling to the customer to make an income.
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Suppose you have a very efficient study system. then, as you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam:_________
As you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam increases.
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as an implicit cost.
Opportunity cost arises because the resources needed to satisfy human wants are available in limited quantities. So as more resources are used for an economic activity, less resources would be available to produce other activities.
As you spend more time studying for your economics exam, you would have less time for other activities. So, your opportunity cost increases.
Here are the options of this question:
a) increases.
b) decreases.
c) stays the same.
d) may increase or decrease.
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What is the break-even quantity beyond which the first process is more attractive?
The break-even point is the point during which total cost and total revenue are equal, implying that your small business has no loss or gain.
What do we mean by break-even quantity?According to Avery, "the breakeven quantity is the number of iterative units that the firm needs to sell to cover the cost of a marketing program or other type of investment." The break-even quantity formula is calculated by dividing the break-even point revenue by the average selling price per unit. It is also equal to the total fixed costs divided by the difference between the average selling price and the average variable costs per unit. The break-even point refers to the point at which total cost and total revenue are equal, implying that your small business has no loss or gain. In other words, you've reached the point where the costs of production equal the revenues for a product.Therefore, the break-even point is the point during which total cost and total revenue are equal, implying that your small business has no loss or gain.
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A company purchases a building by signing a $200,000 10% interest bearing note due at the end of five years. at what amount should the building be recorded?
The amount the building should be recorded is the present value of the amount payable in 5 years which is $124,184.26
What is the present value of future payment?
The present value of the payment expected in 5 years is determined as using the present value formula of a single cash flow in respect of the building:
PV=FV/(1+r)^N
FV=year 5 payment=$200,000
r=interest rate=discount rate=10%
N=number of years before payment is due=5
PV=$200,000/(1+10%)^5
PV=$124,184.26
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True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.
A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.
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The traditional view of american diversity emphasized the concept of assimilation, which for many groups meant?
The correct answer is true.
Minority communities have been forced to adopt Anglo-American culture and give up their traditions as a result of assimilation.
In terms of cultural plurality, what is assimilation?In anthropology and sociology, assimilation refers to the process through which people or groups with different ethnic ancestries are assimilated into the dominant culture of a community.
What does assimilating into American society entail?Assimilation is a hotly debated idea in which immigrant groups are urged, through social and cultural practices and/or political maneuvers, to embrace the culture, values, and social behaviors of the host country in order to gain full citizenship status.
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You run a company that uses all of the latest fire protection features and services available. what type of insurance would be most beneficial to your bottom line? group of answer choices
Mutual fire insurance would be the most advantageous for your financial situation.
A Mutual Insurance Company: What Is It?
An insurance provider that is owned by its clients is known as a mutual insurance company. A mutual insurance company's members have the power to choose the management, and its only goal is to provide insurance protection for its members and policyholders. Mutual insurance businesses invest in portfolios similarly to a traditional mutual fund and distribute earnings to members in the form of dividends or lower premiums. State law does not govern whether an insurer qualifies as a mutual insurance business; federal law does.
KEY LESSONS
A mutual insurance firm is one that is owned by its clients.
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________ is a statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover.
Regression is a statement about what will happen or might happen in the future such as future sales or employee turnover.
What is Regression Analysis?Regression Analysis can be described as the statistical technique, which is been used in the evaluation of the relationship between two or more variables.
It should be noted that the Regression analysis can be used in an organization to understand data points and what it represent, hence Regression is a statement about what will happen or might happen in the future such as future sales or employee turnover.
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State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdered jews were called:________
State-approved riots in which Russian mobs brutally attacked Jewish communities, destroyed homes and businesses and even murdered Jews were called: pogroms.
Elaborate about the pogroms?From the latter half of the nineteenth century to the first decade of the twentieth, Jewish communities in the Russian and Habsburg Empires went through various pogrom cycles, including waves of anti-Jewish violence in 1881–1884, 1898, and 1903–1906. A new wave of pogrom violence began with the Russian Civil War and World War I.
The violence during this time, in contrast to earlier pogroms, which were primarily unplanned attacks, began as organized military activity and escalated into full-fledged military operations. In independent Poland, especially after 1935, and on occasion in Romania throughout the interwar period, there were ongoing incidents of collective violence directed at Jews.
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A business purchases $5,000 in equipment with cash. how would this transaction affect the accounting equation?
This raises the asset account for inventories as well as the accounts payable (Liability). The signature of a note for the acquisition of equipment changes the accounting equation by raising total assets and total liabilities. When equipment is purchased, the asset account for that item is boosted.
All transactions completed to account for the equipment acquisition appear on your balance sheet, not your income statement, at the time of purchase. Debit the whole cost of the transaction from the appropriate asset account, such as one for office or factory equipment.
It follows that all activity occurs on the asset side of the balance sheet: Assets: Equipment increase
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Although entrepreneurs expect to succeed, they must be realistic and recognize that they are taking a(n) ________because many small businesses also fail every year. listen to the complete question
"Although entrepreneurs expect to succeed, they must be realistic and recognize that they are taking a Risk because many small businesses also fail every year", so answer is Risk.
Who is an Entrepreneur ?An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
The Bureau of Labor Statistics reports that over 20% of small enterprises fail during the first year. Thirty percent of enterprises will fail before the end of the second year. About half of students will have failed by the conclusion of the fifth year. Additionally, just 30% of enterprises will still be operating by the end of the decade, representing a 70% failure rate.
Therefore, the answer is Risk, every entrepreneur wants to succeed but they should realize that they are taking a risk.
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When reviewing a profit and loss report in quickbooks online, which report option will quickly show a client income and expenses incurred over the past two years?
The option 'customize your report' will show a client's income and expenses incurred over the last two years.
We are first required to go to the Business Overview option. From the Business Overview option, we are required to select the Reports option. Then we are required to enter profit and loss comparison in the search field. We can also find the same report under the Standard Tab. We can check the profit and loss report here.
By default, the Profit and loss comparison will show the current year-to-year date and the same period last year. If required we can also change the length of the time and dates as we want. In the report period dropdown, we are required to select the length of time we want to see. In the date field, we are required to write the starting and ending dates.
In the compare we can get the other period dropdown, from there we need to select the Previous year checkbox to see the past two years' period and dates of the last year. We can also customize these columns how we want. When our report is ready we need to select ' Run Report.'
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f(5) =
f(3) =
f(-5) =
f(-3) =
Answer:
53636363633636336366363
Which targeting strategy did 5-hour energy focus on and how was the product positioned in the market? positioning is rated as high, medium, and low.
The market targeting strategy that the 5-Hour Energy is following is known to be Niche Marketing.
Check more about Niche marketing below.
Why follow Niche Marketing?There are different areas of marketing. The 5-Hour Energy is known to follows Niche Marketing due to the fact that they have a particular group of customers of which they have to place their full focus on.
Note that they are firms that are set on fulfilling the needs of what their customers’ as well as their requirements.
Thus they added ingredients that will make a substantial boost in energy with also a combination of vitamins and amino acids to their products.
Therefore, based on the above, one can say that The market targeting strategy that the 5-Hour Energy is following is known to be Niche Marketing.
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Leadership is a reciprocal relationship with others that aims to bring about positive change.
a. true
b. false
False. Leadership is a mutually beneficial interaction with others that tries to effect change for the better.
What is leadership?Being capable of and ready to inspire others is at the core of leadership. The foundation of good leadership is the ability to effectively communicate both original and borrowed ideas to others in a way that piques their interest and motivates them to follow the leader's instructions.
In addition to guiding the actions of others, a leader encourages people to take action. In addition to having the critical thinking abilities to know how to use the resources available to an organization in the most effective way, they must be likable enough to get people to follow their instructions.
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Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy.
Savings by households in small dollar amounts is the origin of much of the money that funds business loans in an economy.
What is a business loan?An agreement between a lender and a borrower whereby the lender lends money to the borrower's business, which then repays the lender with interest in accordance with the terms of the loan.
The four pillars of the majority of business loan applications are credit scores, annual income, company plans, and collateral. But keep in mind that you'll need a lot more proof of your qualifications to get a company loan. You may need your driver's license among others.
Without a strong personal credit score (beginning at 700) and a steady stream of revenue from your company, it might be difficult to be approved for a small business loan. These are a few typical explanations for your business loan application being rejected.
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Owner tom decided to lease out his basement to a college student. By leasing the basement, tom has?
Because Owner Tom decided to lease his basement out to a college students, Tom has transferred a portion of his bundle of rights.
What happens to ownership rights when leasing?The fact that Tom has leased his basement to the college student means that he has transferred some of his rights as the property's owner to the college student. He is still the undisputed owner of the property, but he won't have the same amount of power over the property as he once did.
This is because tenants who lease property also have rights too and these rights are taken from the rights of the owner who leased the property. For instance, the college student who is the tenant here, now has occupancy rights to the property that are tied to the period they leased the property.
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Use the accompanying data set to complete the following actions.
a. find the quartiles.
b. find the interquartile range.
c. identify any outliers.
The first quartile, Upper Q 1, is 57.
The second quartile, Upper Q 2, is 63.
The third quartile, Upper Q 3, is 64.
The interquartile range (IQR) is 7.
There exists at least one outlier in the data set at 82.
What is quartile?
In statistics, a quartile is a specific kind of quantile that splits the total number of data points into four roughly equal portions, or quarters. Quartiles are a type of order statistic since they require the data to be arranged from smallest to largest in order to be computed.
Therefore,
Use the accompanying data set to complete the following actions.
a. find the quartiles.
b. find the interquartile range.
c. identify any outliers.
The first quartile, Upper Q 1, is 57.
The second quartile, Upper Q 2, is 63.
The third quartile, Upper Q 3, is 64.
The interquartile range (IQR) is 7.
There exists at least one outlier in the data set at 82.
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Explain how banks have transformed their commercial lending business from asset transformation to brokerage services
Asset transformation by financial intermediaries is the purchase of a primary asset or securities and their transformation into other assets in terms of risk and maturity.
A type of transformation where banks use deposits (mobilized funds) to generate income by pooling deposits to provide loans. More precisely, asset transformation is the process of converting bank liabilities (deposits) into bank assets (loans). Deposits are inherently subject to withdrawal by customers (depositors) at any time or as set out in the deposit contract/agreement. Loans are bank assets because they represent money that the bank lends and expects to receive back in the form of repayment of principal and interest. As such, banks perform asset transformation by providing long-term and short-term loans, with the interest differential being their transformation returns. Banks and other financial institutions usually perform asset transformation by offering their customers various financial products on both sides of the balance sheet, such as deposits, investment and loan products, etc.
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The leading states in commercial red meat production (or the packing industry) are?
The leading states in commercial red meat production (or the packing industry) are mostly in the Central Plains and Midwest, close to the majority of the livestock.
What do you mean by packing industry?Planning, developing, producing, wrapping, boxing, or bottling products for consumer, industrial, and military sectors is known as packaging. In reality, almost every industry and production facility in the United States depends on the packaging sector.Various businesses, including those in the food and beverage, cosmetics, and healthcare sectors, utilise packaging solutions. Due to its benefits, including durability and a long shelf life, packaging has become quite popular across a variety of industries. The sector has a 2019 market value of about $ 917 billion and is expected to increase at a CAGR of 2.8% to reach $ 1.05 trillion by 2024. Emerging in both science and engineering, packaging is a successful contributor to sectors including electronics, FMCG, and pharmaceuticals.Learn more about packing industry here:
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The market for a perfectly competitive industry clears at a price of $3, and the minimum average cost for all firms is $2.50. in the long run, we would expect an increase in?
The market for a perfectly competitive industry clears at a price of $3, and the minimum average cost for all firms is $2.50. In the long run an increase in the Number of firms is being observed. Thus the correct option is B.
What is a perfectly competitive industry?A market where all consumers and manufacturers have complete and balanced information and there are no expenses indicates perfect competition which is considered an ideal variety of market structure.
When the perfectly competitive industry seeks a Price of $ 3 and the minimum average cost is $2.50, in this case, the increase in the number of firms is observed as in this type of market there is no barrier to entering to the market.
Therefore, option B is appropriate.
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The complete question is
The market for a competitive price-taker market clears at a price of $3, and the minimum average cost for all firms is $2.50. In the long run, we would expect an increase in
A) each firm's output.
B) the number of firms.
C) each firm's profit.
D) each firm's average cost.
What resources are available to assist counselors in the selection of the appropriate psychological tests and/or assessments for a client?
Psychological tests and/or Assessments for a client: Client's past records, Relevant publications, Referral information, Standardization, Objectivity, Reliability, Validity
Psychological assessment:
A clinical psychologist's psychological testing and interviewing techniques assist firms in selecting the best candidates. Using Dr. Bargreen's method for candidate evaluation, you can tell if a potential employee is a suitable fit for your business and analyse whether they have the potential to advance it. Psychological assessments can be used in scenarios involving hiring decisions, succession planning, managerial selection, and employee counselling. In terms of money, psychological testing can help your company avoid spending thousands of dollars on the wrong hire. By excluding people who are not a good fit for your organisation, psychological testing helps safeguard your business. Dr. Bargreen conducted his PhD dissertation on the number one personality assessment tool, the MMPI-2 and can boost your business by helping you hire the proper individual for the position.
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The reduced pre-tax rate of return on municipal bonds is an example of an explicit tax. True or false?.
The problem is a false statement, pre-tax rate of return on municipal bonds is an example of an explicit tax.
What is explicit tax?
The impact of taxes on an asset's price is known as an implicit tax. For instance, the price will increase to reflect the tax preference if an asset is tax-preferred. To avoid errors, one must explicitly consider implicit taxes.
Investors must pay the implicit taxes as a cost for preferred (explicit) tax treatment. Tax preferences are the variations between an investment's taxable income and financial accounting income before taxes. Tax preferences are referred to as a whole as tax subsidies.
The reduced pre-tax rate of return on municipal bonds is an example of an explicit tax. True or false
Therefore,
The reduced pre-tax rate of return on municipal bonds is an example of an explicit tax.
The problem is a false statement.
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On december 31, mueller inc., makes an adjusting entry to accrue salaries expense. as a result of this entry, mueller's:______
Mueller Inc. records an adjustment entry on December 31 to accumulate the cost of compensation. This entry will result in a drop in Mueller's equity and an increase in liabilities.
The value that can be attributed to a company's shareholders is known as equity in finance and accounting. The market value of equity is determined by a number of factors, including the current share price (if the company is publicly traded) or a value established by investors or valuation experts. The book value of equity is determined as the difference between assets and liabilities on the company's balance sheet. The balance is also known as the shareholders', owners', or stockholders' equity or net worth.
In accounting, equity is consistently recorded at book value. Accountants create financial accounts and use the balance sheet equation, assets = liabilities + equity, to calculate this amount. Equity = Assets - Liabilities is another way to write the equation.
A company's assets are represented on its balance sheet as the total of all of its current and non-current assets. The primary asset accounts consist of equity cash, receivables, inventories, prepaid costs, fixed assets, property, plant.
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Each of the following is a determinant of demand except:__________
a. the number of consumers in the market.
b. technology.
c. expectations.
d. tastes.
e. the prices of related goods.
Each of the following is a determinant of demand except Technology
Determinants Of Demand: The variables that affect the economic demand for a good or service are known as demand determinants.
7 Factors which Determine the Demand for Goods
1) Tastes and Preferences of the Consumers
2) Incomes of the People
3) Changes in the Prices of the Related Goods
4) The Number of Consumers in the Market
5) Changes in Propensity to Consume
6) Consumers' Expectations with regard to Future Prices
7) Income Distribution
Each of the following is a determinant of demand except Technology
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