On january 31, jean consulting company receives a bill for that month’s utilities in the amount of $500. jean sets it aside because she does not plan to pay the bill until its due date of february 15. what effect, if any, does this event have on the company’s accounting equation as of january 31?
When a company obtains a utility bill but will not pay it right away, it should debit utilities expense and credit accounts payable.
The accounting equation, Assets = Liabilities + Owners Equity means that the total assets of the business are all the time equal to the total liabilities plus the total equity of the business. This is true at any time and applies to each matter.
In this case the balance sheet or accounts payable have an increased of $500, and the income statement has a utilities expense of $500. The expense decreases the net income, retained earnings, and therefore owners’ equity in the business.
The utility bill increases the company's liabilities and reduces the company's equity in the accounting equation, even though it is not paid yet. The bill becomes a liability and an operating expense which reduces net income and equity.
Explanation:The event does have an effect on Jean Consulting Company's accounting equation. As of January 31, even though the bill is not paid, it becomes an accrued expense and increases the company's liabilities. The basic accounting equation is Assets = Liabilities + Shareholder's Equity. In this case, the $500 utility bill becomes a liability thereby increasing the liabilities side of the equation. The entry in the company's books would be a debit to Utility Expenses (which is part of the operating expenses that reduce the net income, and consequently the equity part of the equation), and a credit to Accrued Liabilities (which increases the liabilities part of the equation), thus keeping the equation in balance.
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The most complex, fully-featured collaboration tool that is popular in business today is _________.
Microsoft share point is the most complex, fully-featured collaboration tool that is popular in business today.
Microsoft share point is launched in 2001 and it is web based program in relation to Microsoft office. A latest version of Microsoft share point 2016 comes with the subscription of office 365.
The advent of ________ has put buyers and sellers on much more equal footing.
The advent of electronic mediation and the communications revolution has balanced the interaction between buyers and sellers by increasing market efficiency and competition. It has made the market more transparent, leading to more consistent pricing and less opportunity for price manipulation.
The advent of electronic mediation and the communications revolution has put buyers and sellers on much more equal footing. The proliferation of business-to-business websites and the ability for consumers to purchase items from anywhere in the world has significantly increased market efficiency and competition. The rise in globalization interconnected with technology improvements means that market dynamics have dramatically shifted, facilitating a more even playing field between purchasers and merchants. This is because consumers now have greater access to information and suppliers, making it easier to compare prices and quality, which in turn, creates a market environment where fraudulent prices are less frequent and the cost of production is easier to estimate and compare.
The cheap foreign labor argument for protectionism refers to ________.
The cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
Further Explanation:
Protectionism:
When a government of a country make policies and takes actions to protect the domestic industries of the country which could be disrupted by the foreign companies. Counties use the protectionism theory to grow their domestic industries. Foreign companies can disrupt the local competition with unfair means such as high capital investment against small domestic businesses.
A government of the country should use the protectionism theory in order to converse the domestic economy. The government can use the following methods to protect the domestic industries: Tariffs, lower export duty, and higher import duty.
Cheap foreign labor argument for protectionism:
The decrease in the cost of the product is beneficial for the business as it will increase the profit of the company. Cheaper labor will lead to a higher profit for a company. Therefore, the company would prefer a cheap labor option. In the given case, the cheap foreign labor argument means that cheap foreign labor will disrupt the market for domestic labor. The domestic labor would be replaced by cheaper foreign labor and it will increase the unemployment in the country.
Thus, cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
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Answer details:
Grade: Senior School
Subject: Economics
Chapter: National Income
Keywords: Domestic, saving, the cheap, foreign, labor, argument, for, protectionism, refers, too, income.
When preparing her monthly budget, marge kent has a total spending allowance of $4,600. each month she pays $1,200 in rent, $60 for cable television and internet service, and $240 for her auto loan. what percentage of her budget goes for these fixed expenses? 6 percent 12 percent 27 percent 33 percent 40 percent?
Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price level likely change? output / employment / price level
Answer:
Output / Employment / Price Level
Decrease Decrease Increase
Explanation:
The three worlds of the department store; the managers world, the customers world, and the saleswomen's world were created by:
The three worlds of the department store; the manager’s world, the customer’s world, and the saleswomen's world were created by the customers, the working class, department store managers and the blue collar workers. There are hundreds and thousands of department stores in the world; every department store has a staff, working staff, manager, owner etc.
Answer:
the first person that made a store
Explanation:
You have lunch with a friend who was recently promoted to a management position. “congratulations!” you say. but she looks at you and says, “i’m not so sure.”
In 1984, 83% of all new cars sold in the U.S. had air conditioning and 39% had power windows. Use Venn diagrams to determine: b) the minimum possible percentage of these cars that had both air conditioning and power windows; c) the maximum possible percentage of these cars that had neither air conditioning nor power windows.
Final answer:
The minimum possible percentage of cars with both air conditioning and power windows is 83%. The maximum possible percentage of cars with neither air conditioning nor power windows is 0%.
Explanation:
To determine the minimum possible percentage of cars with both air conditioning and power windows, we can assume that all cars with air conditioning also have power windows. Therefore, we take the percentage of cars with air conditioning (83%) as the minimum possible percentage of cars with both air conditioning and power windows.
To determine the maximum possible percentage of cars with neither air conditioning nor power windows, we subtract the percentage of cars with air conditioning (83%) and the percentage of cars with power windows (39%) from 100%. Therefore, the maximum possible percentage of cars with neither air conditioning nor power windows is 100% - 83% - 39% = 100% - 122% = -22%. Since percentages cannot be negative, the maximum possible percentage of cars with neither air conditioning nor power windows is 0%.
Zara’s identification of customer needs can be categorized as which planning and strategic management step?
Zara's identification of customer needs is the initial step in the planning and strategic management process, which involves identifying and defining customer needs or problems in order to create effective business strategies.
Zara’s identification of customer needs can be categorized as the first step in the planning and strategic management step which involves identifying and defining a problem or need. In this context, Zara's goal to increase sales by identifying methods to become better acquainted with customers is part of the broader strategic planning process. This process entails several stages - Identifying the need or problem, Scope to understand what is available, Plan to develop strategies, Gather the necessary data, Evaluate the findings, Manage the information, and Present the conclusions. Identifying customer needs is crucial as it helps in forecasting demand, setting objectives, and eventually leads to increased sales and customer satisfaction.
The retail method has been used by a retail department store during its first year of operations. how will markdowns compare to markdown cancellations at the end of the year?
According to starbucks chairman howard schultz, "consumers now commonly engage in a cultural audit of [product and service] providers. people want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
If a united states bond can be purchased at $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond
A company's prime costs total $4,800,000 and its conversion costs total $8,800,000. if direct materials are $1,900,000 and factory overhead is $5,900,000, then direct labor is:
Ginger works for an organization that requires employees to engage in a variety of socially responsible projects as part of the job, although work hours are not reduced by this participation. in order to have a positive impact on job satisfaction, the organization may choose to
When an economic model is used, it tends to:?
An economic model is used to predict different variables to show what could change overtime based on different variables used. An economic model tends to show these predictions and allow economist to study relationships and changes between different variables. Studying different models allow economist to see which route is the best to go, given the option to pick.
Sandy's sandwich sitdownsandy's sandwich sitdown priced its lunch treatslunch treats at $2.002.00, they sold 250250 per week. when the price was $3.003.00, they sold 200200 per week. based on this information, the absolute value of the price elasticity of demand for lunch treatslunch treats is
Lucy works in an office that has nonterritorial workspaces. this is new to her, and she would like to display good open office etiquette. what should she do?
Final answer:
Lucy should engage in informal conversation with co-workers, learn from observing cultural norms and behaviors, and follow workplace communication guides with common sense.
Explanation:
Lucy, who works in an office with nonterritorial workspaces, should focus on demonstrating good open office etiquette to smoothly integrate into the new environment. Lucy should be open to informal conversation, engaging colleagues in "safe" topics like parenting and sports, without delving into personal matters like political affiliation. It is important to observe and participate in the social culture of the office, including joining co-workers for coffee or lunch, while also being respectful of the working environment by not engaging in extended conversations during office hours.
Understanding cultural differences and organizational values will guide Lucy in making decisions and understanding how processes are run in her new workplace. She should give herself time to observe workplace expectations and emulate the behaviors of co-workers and supervisors. Furthermore, exhibiting patience and respect by listening without judgment and treating everyone fairly will stand her in good stead.
Edmund stench consumes two commodities, namely garbage and punk rock video cassettes. he doesn't actually eat the former but keeps it in his backyard where it is eaten by billy goats and assorted vermin. the reason that he accepts the garbage is that people pay him $2 per sack for taking it. edmund can accept as much garbage as he wishes at that price. he has no other source of income. video cassettes cost him $6 each.
Final answer:
The discussion revolves around economic policies for managing waste and pollution, like pay-as-you-throw programs and marketable permits, illustrating how financial incentives can lead to both positive and negative environmental behavior.
Explanation:
The subject of the question predominantly relates to the economic principles of incentives and market-based policies used to manage waste and pollution. It involves analyses of cost-effective waste reduction and the unintended consequences of economic policies such as charging fees for garbage collection. This falls within the purview of environmental economics, a discipline that assesses the economic impact of environmental policies and resource use.
Pay-as-you-throw programs and marketable permits are examples of market-based approaches meant to provide financial incentives for waste reduction. These strategies illustrate how price signals can influence behavior towards more sustainable practices. However, they also open the door to potential negative behavior such as illegal dumping.
Contrasting flat fees with variable fee structures for garbage collection highlights how pricing mechanisms can motivate households to produce less waste and recycle more. The 'Charlottesville stomp' is a term used to describe the behavior of people compressing trash to fit more into a single paid garbage bag, which illustrates how policies must be carefully crafted to ensure they achieve their intended environmental outcomes.
Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $600
Answer:
(0.2 or 20%)
Explanation:
Compare the structural approach to the external variable approach of kinesics
When conducting a business impact analysis on critical business functions, the maximum allowable time to recover the function is called __________?
Detroit is known for manufacturing cars. las vegas is a center for gambling and entertainment. los angeles is the movie making capital of the world. the san francisco area is a mecca for technology. and new york is known for food, fashion, theater, and finance. according to the enotes, these are examples of
Final answer:
These cities are known for their specific industries, such as manufacturing, entertainment, technology, and finance.
Explanation:
Detroit is known for manufacturing cars, Las Vegas is a center for gambling and entertainment, Los Angeles is the movie making capital of the world, the San Francisco area is a mecca for technology, and New York is known for food, fashion, theater, and finance. These examples represent the different industries and economic specialties that have shaped and defined these cities. Each city has developed its own unique character and identity based on the core industry or industries that fueled its growth and prosperity.
Among fields such as accounting, finance, marketing, and others, which has undergone the most change because of technology in the past 5 years
Final answer:
Technology has significantly impacted fields such as accounting, where automation has changed traditional tasks, and marketing, which now heavily relies on digital strategies. The growth of online business-to-business platforms has also led to increased global competition and advanced IT adoption.
Explanation:
Among fields such as accounting, finance, marketing, and others, technology, particularly in the form of information technology (IT), has had a pronounced impact. The prevalence of automation in the workplace has replaced many manual tasks with technological solutions. This is especially evident in accounting, where tasks like bookkeeping and clerical work have been transformed by software that can perform these actions quickly and cost-effectively.
Moreover, marketing has also undergone significant changes due to advances in technology, with digital marketing and social media becoming integral parts of marketing strategies. Lastly, when looking at the influence of technology on business, it's paramount to consider how online platforms have facilitated global business-to-business relationships, thereby increasing competition and necessitating the adoption of sophisticated IT systems.
According to Aristotle’s three critical elements of good communication, what equates to logic?
According to Aristotle's rhetoric, the aspect that equates to logic is logos. This refers to the use of reasoning, either inductive or deductive, to construct an argument. Logic, as understood in this context, is integral to philosophy as it formalizes the reasoning process, thus aiding in the pursuit of truth.
Explanation:In Aristotle's rhetoric, the three key elements of effective communication are ethos, logos, and pathos. The element equivalent to logic in Aristotle's concept is logos. Logos, as described by Aristotle, is the use of reasoning, either inductive or deductive, to construct an argument. Deductive reasoning can be thought of as a mathematical certainty, whereas inductive reasoning is more about what is most likely considering the available evidence. Logic, by extension, is integral to philosophy; it formalizes the process of reasoning that's pivotal in validating and analyzing claims.
For instance, if you're trying to persuade someone that studying is important for good grades in school, you might use logos (logic) by presenting data on how time spent studying correlates with higher grades. This appeal to reason, backed by evidence, makes your argument more convincing, embodying the essence of logos in Aristotle’s rhetoric.
In essence, logic is a fundamental tool for discovering truth, establishing what is right and wrong, and is foundational to the pursuit of knowledge. This is a view that Aristotle strongly held and which continues to influence our understanding of logic and arguments in philosophy and rhetoric to this day.
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In Aristotle's rhetorical framework, 'logic' corresponds to 'logos,' referring to rational appeal in the art of persuasion and the formal study of reasoning. Logic is essential for argumentation and verifying claims in philosophy and other fields.
Explanation:According to Aristotle's Rhetoric
According to Aristotle's three critical elements of good communication, logic equates to logos. Aristotle, a prominent figure in ancient Greek philosophy, formalized a system of logic that is still taught today. In the art of rhetoric, which is the ability to persuasively communicate in speaking and writing, logos refers to the logical and rational appeal used to persuade an audience. Logic, in the broader sense, is the study of reasoning, aiming to formalize and assess claims through reasoned debates known as dialectics. Logic is vital for verifying and analyzing claims and ensuring that arguments are well-reasoned and consistent, playing a key role in discovering truth in philosophy.
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A ___________ makes databases more useful for obtaining information.
Suppose will receives 350 utils from consuming one banana and 490 utils from consuming two bananas. what is the marginal utility of the second banana?
Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance claims that a plant rule barring employees from eating during unscheduled breaks is arbitrary and unfair. what should jeff most likely do?
The best thing that Jeff will do in this situation is to conduct an examination in terms of the grievant’s personnel records as this is only best and appropriate that Jeff to review the files of his employees in solving the problem.
Jeff should take the grievance seriously and address it properly by reviewing the rule, listening to the employees, investigating the issue, considering solutions, and communicating the decision.
Explanation:In this situation, Jeff should take the grievance from the union members seriously and address it properly. He should not ignore the complaint as it is his responsibility as the manager to resolve employee concerns. To handle the situation, Jeff can follow these steps:
Review the plant rule - Jeff should carefully evaluate the rule barring employees from eating during unscheduled breaks in order to determine if it is truly arbitrary and unfair or if there are valid reasons for it.Listen to the employees - Jeff should meet with the group of employees who filed the grievance and listen to their concerns. This will allow him to gather more information and understand the reasons behind their claim.Investigate the issue - Jeff should conduct a thorough investigation to gather evidence and determine if the rule is indeed unfair and arbitrary. This may involve reviewing company policy, consulting with other managers or human resources, and examining any relevant data or reports.Consider possible solutions - If Jeff determines that the rule is unfair and arbitrary, he should consider alternative solutions that address the employees' concerns while still maintaining a productive and safe work environment. This could involve revising the rule or implementing new policies that accommodate employees' needs.Communicate the decision - Once Jeff has reached a decision, he should communicate it clearly and transparently to the group of employees and the union representatives. Explaining the reasoning behind the decision can help establish trust and understanding.In a workplace, ________ involves overt threats or bullying directed at members of specific groups of employees.
Workplace harassment involves overt threats or bullying directed at specific groups of employees.
Explanation:In a workplace, workplace harassment involves overt threats or bullying directed at members of specific groups of employees. Workplace harassment can take many forms, such as verbal abuse, offensive jokes, or exclusion from social events. It is important for employers to create a safe and inclusive environment and take appropriate action against workplace harassment.
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In a workplace, discrimination involves overt threats or bullying directed at members of specific groups of employees.
Discrimination in the workplace can take various forms, including but not limited to race, gender, age, sexual orientation, religion, or disability-based discrimination. Such behavior creates a hostile and unhealthy work environment, affecting not only the targeted individuals but also overall workplace morale and productivity.
Employers have a legal and ethical responsibility to foster a diverse and inclusive work environment where all employees are treated with respect and have equal opportunities for growth and advancement. Anti-discrimination policies, training, and reporting mechanisms are essential tools in preventing and addressing workplace discrimination. By actively promoting a culture of tolerance and inclusion, organizations can mitigate the harmful effects of discrimination and ensure that every employee feels valued and respected, contributing to a more harmonious and productive workplace.
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Gary was a politically savvy employee who had worked for his company for several years. after many promotions, he emerged as the new president of the company. grace, a colleague of gary’s who had reported to him when he was a first-line supervisor, understood how the human side of the organization worked and made certain that she maintained a direct line of communication with gary at all times. on the company’s organization chart, grace maintained a lower-level position; however, due to her open line of communication with president gary, she seemed to successfully push her agenda. the human side of the organization is synonymous with the