An accounting information system is said to have good control characteristics, if it ________.

Answer:

The correct option is B. If you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a present value.

The correct option is B. In finance, the present value is the value today of a future amount of money, given a specified rate of return. It represents the amount of money that would need to be invested today, at a given rate of interest, in order to accumulate a certain amount of money in the future.

In the given scenario, if we want to have $4,000 in five years, we need to find the present value that we should invest today to achieve this goal. The rate of return, or interest rate, is 12 percent compounded annually. Using a present value formula or a financial calculator, we can determine that the present value we need to invest today is approximately $2,360.

This means that if we invest $2,360 today at a 12 percent annual interest rate, we will have $4,000 in five years. The present value is an important concept in finance, as it allows us to compare the value of money at different points in time and make informed investment decisions.

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Answer:D. This principle helps to make sure that the work of one individual acts as a check on another individual's work on a related transaction.

Explanation: The internal control principle of divided responsibility does not aim to encourage or promote duplication of assignment or roles rather as it is also known as the principle of separation of duties ensures that different aspects of a particular task are handled by different employees, thus it is particularly important in checkmating employees and preventing fraud as the processes involved is shared between several employees which makes it more difficult to maneuver. An example include the process of ordering an inventory and making payment ; an employee writes the request, another approves, another makes payment, another takes record of the transaction. Therefore, these seperation and handling process entails more than one employee performing different task to get a certain thing done helps check fraud within the organization.

Answer:

B and C

Explanation:

In the story “The Alchemist,” when the boy tells the merchant that he is going to be leaving to return to his country to buy sheep, he asks for the merchant's blessing. The merchant tells the boy that he doesn't need his blessing. However, he wishes him good luck and says, "I hope that you will return with good news.

The Alchemist is a novel written by Paulo Coelho. The story revolves around the journey of a young shepherd boy named Santiago who desires to find his personal legend and fulfill his dreams. As he sets out on his journey, he meets different people and faces various challenges. These experiences teach him important life lessons that help him in his quest for his personal legend.

The merchant is one of the characters the boy meets on his journey. The boy sells wool to the merchant and works for him for a year. During this time, the boy learns a lot from the merchant about business and other things. When the boy tells the merchant that he is going back to his country to buy sheep, he asks for the merchant's blessing.

However, the merchant says that he doesn't need his blessing. Instead, he wishes him good luck and says, "I hope that you will return with good news."The merchant's response to the boy's request for his blessing shows that he trusts the boy and believes in him. It also shows that he respects the boy's decision and wishes him well on his journey.

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Newspaper readers have typically been more educated, wealthy, and older than non-newspaper audiences.

The people who read your work are referred to as the "audience." A term paper or thesis, for example, may be produced for a professor or committee of professors. More frequently, a paper is produced for peers in your field, for others who pursue similar academic interests.

A group of people who you've identified and wish to appeal to is what we refer to as a social networking target audience. Based on factors like age, occupation, income level, degree of education, geography, or behavior, for example. your target market for social media

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Light manufacturing and packing tasks enable businesses to delay final assembly or packaging until the very last minute is  postponement warehousing.

The idea of postponement is used in supply chain management, when a manufacturer makes a generic product that may be modified later before being supplied to the customer. The warehouse assists in the delay strategy by holding things in storage for prolonged periods of time, allowing the company to profit from the uncertain business environment, which is impacted by both local and global changes and demands. Businesses use warehouses to carry out their production and distribution plans. Consider a manufacturer of umbrellas who is unsure of the level of demand for umbrellas in a range of colors.

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As a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.

The book value of an asset after all depreciation has been fully expensed is known as the salvage value.

An asset's salvage value is determined by what a business anticipates getting in return for selling or dividing it up after its useful life has passed.

For instance, if a company's machinery has a lifespan of five years but only has a worth of $5,000 at the conclusion of that time, the salvage value is $5,000.

A change in a long-lived asset's estimated useful life or salvage value is a change in an accounting estimate and needs to be reported prospectively under ASC 250-10 in the period of change and subsequent periods.

Therefore, as a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.

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Correct question:

Changes in the asset lives and salvage value changes in accounting _____.

The fact that people accept the costs of casting a vote despite the probability of their vote being the decisive one being nearly zero is called the "paradox of voting."

The paradox of voting refers to a situation where the costs of voting, such as the time and effort required to vote, may outweigh the potential benefits of voting, such as influencing the outcome of an election. Yet, people continue to vote because of their belief in the importance of civic duty and the democratic process. This paradox has been studied extensively in the social choice theory, political science, and economics.

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Answer:

Explanation:

Manager is responsible to integrates all the activities which are performed in an organisation. In other words, he has to co-ordinate the talents of people working under him for the purpose of achieving the organisational goals. The role of a manager gets much importance than other executives in an organisation.

The adjusted gross profit is negative, this means that there is a possibility of loss for Sparky in this project. However, since the question only asks for the gross profit, the answer is option B) $26,667.

To calculate the gross profit using the percentage of completion method, we need to first calculate the percentage of completion for the project in 2016. This can be calculated as follows:

Percentage of completion = (Actual costs incurred during 2016 / Total Contract Price) x 100
Percentage of completion = (20,000 / 100,000) x 100
Percentage of completion = 20%

Next, we can calculate the total revenue recognized in 2016 as follows:

Total revenue recognized in 2016 = Total contract price x Percentage of completion
Total revenue recognized in 2016 = 100,000 x 20%
Total revenue recognized in 2016 = 20,000

The gross profit can be calculated by subtracting the total costs incurred from the total revenue recognized:

Gross profit = Total revenue recognized - Actual costs incurred
Gross profit = 20,000 - 20,000
Gross profit = 0

However, since Sparky has billed the customer for $30,000 but only received $10,000, there is a chance that some of the revenue may not be collectible. To account for this, we need to adjust the gross profit by the amount of revenue that may not be collectible. This can be calculated as follows:

Amount of revenue that may not be collectible = Billed to customer - Received from customer
Amount of revenue that may not be collectible = 30,000 - 10,000
Amount of revenue that may not be collectible = 20,000

Adjusted gross profit = Gross profit - Amount of revenue that may not be collectible
Adjusted gross profit = 0 - 20,000
Adjusted gross profit = -20,000

As a result of the negative adjusted gross profit, Sparky might potentially lose money on this project. The correct response is, however, option B) $26,667 as the question simply asks for the gross profit.

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The present value of all the profits over the next five years, considering an initial profit of $2,000 increasing by 8% per year and an annual interest rate of 12% compounded annually, is approximately $8,569.92.

To calculate the present value of the profits, we need to discount each year's profit back to the present using the compound interest formula. The formula for calculating the present value is:

PV = CF / (1 + r)^n

Where PV is the present value, CF is the cash flow, r is the interest rate, and n is the number of years.

Let's calculate the present value for each year and sum them up:

Year 1: CF = $2,000 / (1 + 0.12)^1 = $1,785.71

Year 2: CF = $2,000 * 1.08 / (1 + 0.12)^2 = $1,589.83

Year 3: CF = $2,000 * 1.08^2 / (1 + 0.12)^3 = $1,416.77

Year 4: CF = $2,000 * 1.08^3 / (1 + 0.12)^4 = $1,263.55

Year 5: CF = $2,000 * 1.08^4 / (1 + 0.12)^5 = $1,128.06

Adding up these present values, we get:

PV = $1,785.71 + $1,589.83 + $1,416.77 + $1,263.55 + $1,128.06 = $8,569.92

Therefore, the present value of all the profits over the next five years is approximately $8,569.92.

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Answer:

There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.

Explanation:

Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

The three basic functions of money are store of value, unit of account, and medium of exchange.

The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.

There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.

As a result, the significance of the three basic functions of money are the aforementioned.

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Answer:

6% on an investment that will return $450,000

Explanation:

The intangible product which exchanged directly btwn the producer and customer is " service "

Answer:

It is important that all contracts include consideration  in order for any agreement to be legally binding.

The example of a contract of this type is:

Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.

This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.

Explanation:

But this is not my answer I have to give credit to Brainly user  keylacordoba.

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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When incomes drop or the economy weakens, the demand for subpar goods rises. When this occurs, inferior good alternatives to more expensive goods are made available.

In economics, when income rises or the economy grows, the demand for subpar products declines.

In contrast, when earnings drop or the economy weakens, the demand for subpar goods rises.

Thus, when this occurs, less priced alternatives to more expensive goods are made available.

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Answer:

l think to encourage more workers to form unions

Explanation:

please follow me

Answer: C

Explanation:

The general statement about economic behavior that is shown on this table is Quantity demanded decreases as a good price increases. Thus, option A is the correct answer.

Behavioral economics investigates the effects of psychological, cognitive, emotional, cultural, and social factors on individual or institutional decisions, including how those decisions differ from those implied by classical economic theory.

As per the law of demand, the quantity demanded decreases as the price of the good increases. This is due to the fact that at a higher price, consumers will demand a lower quantity of a good.

Therefore the statement in option A is the general statement about economic behavior which is shown in the table.

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A manufacturing business is the type of business that changes basic inputs into products that are sold to customers. The correct answer is A.

A manufacturing business is a type of business that involves the production of tangible goods. It takes basic inputs, such as raw materials, components, and labor, and transforms them into finished products that are then sold to customers. Manufacturing businesses typically have production facilities where they use various processes, machinery, and technology to convert these inputs into final goods.

The manufacturing process may involve different stages, including design, sourcing of materials, production, quality control, and distribution. The goal of a manufacturing business is to create products that meet customer demands and provide value in the market.

On the other hand, a service business primarily offers intangible services rather than tangible products. Examples of service businesses include consulting firms, healthcare providers, hospitality companies, and transportation services. Merchandising businesses focus on buying and selling goods without significantly altering their form or structure.

Therefore, the correct answer in this context is a. manufacturing business, as it specifically describes the type of business that changes basic inputs into products that are sold to customers.

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The trough phase in the business cycle is a period when the level of business activity declines and gdp falls.

The trough is the fourth phase of the business cycle. The declining GDP begins to decrease its rate of negative change, eventually turning positive again. The economy begins a transition from the contraction phase to the expansion phase.

Therefore, the phase in the business cycle wherein the level of business activity declines and GDP falls is trough.

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Answer:

I did some research, and a debit card is a card that allows you to spend money on something that you got from the bank. Credit card is a card that allows you to borrow money from the card issuer. A credit card issuer is a bank or credit union that provides a credit card directly to the user. Kinda like a consumer. Anyways a credit card allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash. I didnt go of anyones word. All I did was do a little research, and this is what I found.

Hope this helps :)

Explanation:

Answer:

True

Explanation:

Impulse buying is making unplanned or non-budgeted purchases. In impulse purchases, buying decision is based on attraction rather than the need to have the item.

Making payment via a credit card is incurring a debt. One does not need to have money on their account for the payment to go through. It means one can spend money that they do not have on hand or at the bank. A credit card permits one to make payments for goods they had not planned to buy. It can encourage the buying of items that are not required.

It is a false statement that outsourcing some process in production is a means of supporting a constraint.

An outsourcing refers to act of hiring external body to perform services that are normally performed in-house of the company by the employees.

Rather, the use of outsourcing some of production is intended to overcome some organization constraints.

Therefore, the statement is false.

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The correct option is B. Major Differences between Banking Systems in the United States and Japan

Introduction:

The banking systems in different countries can vary significantly due to regulatory frameworks and cultural factors. In this response, we will compare the banking systems of the United States and Japan and highlight the major difference between them.

Answer:

The major difference between banking systems in the United States and Japan is as follows:

Japanese banks are not allowed to hold substantial equity stakes in commercial firms, whereas American banks can.

Explanation:

In Japan, banks are subject to strict regulations that prohibit them from holding significant equity stakes in commercial firms. The purpose of this regulation is to maintain a clear separation between banking and non-banking activities, ensuring the stability and integrity of the financial system. Japanese banks primarily focus on traditional banking activities such as lending, deposit-taking, and providing financial services.

On the other hand, American banks have more flexibility in holding substantial equity stakes in commercial firms. This is known as bank holding companies, where banks can establish subsidiaries or invest in other companies to diversify their operations and generate additional revenue streams. Bank holding companies allow American banks to engage in a broader range of financial activities beyond traditional banking, such as investment banking, insurance, and asset management.

It's important to note that while American banks have this flexibility, they are still subject to regulatory oversight to ensure compliance with applicable laws and regulations.

Conclusion:

The major difference between the banking systems in the United States and Japan lies in the ability of banks to hold substantial equity stakes in commercial firms. Japanese banks are prohibited from doing so, while American banks have the option to establish bank holding companies and engage in a broader range of activities. These differences reflect the regulatory approaches and priorities of each country in balancing financial stability, economic growth, and consumer protection within their respective banking systems.

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Answer:

first one is T the second is F

The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.

Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.

In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.

Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.

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As an aspiring entrepreneur, there are numerous potential rewards that can be enticing.

Here are three examples:

Independence and Autonomy: One of the most appealing rewards of becoming an entrepreneur is the ability to have control over your own destiny. As an entrepreneur, you have the freedom to set your own goals, make decisions, and shape the direction of your business. This independence allows you to pursue your passion, take calculated risks, and explore innovative ideas without being bound by the restrictions of a traditional job or hierarchical structure. Having the autonomy to build something from the ground up and chart your own course can be incredibly fulfilling and empowering.

Financial Success and Wealth Creation: Another significant reward of entrepreneurship is the potential for financial success and wealth creation. As an entrepreneur, you have the opportunity to build a profitable business and reap the financial benefits that come with it. Unlike a salaried employee, where your income is often limited to a fixed amount, entrepreneurship allows you to create multiple income streams, scale your business, and increase your earnings exponentially. While financial success is not guaranteed and building a profitable business takes time and effort, the possibility of achieving significant wealth is a motivating factor for many entrepreneurs.

Personal Growth and Learning: Entrepreneurship is a transformative journey that offers tremendous opportunities for personal growth and continuous learning. Starting and running a business requires you to acquire a diverse range of skills, such as leadership, problem-solving, adaptability, and resilience. As an entrepreneur, you are constantly faced with new challenges and obstacles that push you outside your comfort zone, forcing you to learn and develop new strategies to overcome them. This process of continuous learning and personal growth can be incredibly rewarding, as it allows you to expand your knowledge, develop your strengths, and become a more well-rounded individual.

It's important to note that while these potential rewards can be enticing, entrepreneurship also comes with its share of risks, uncertainties, and hard work. It requires dedication, perseverance, and the willingness to embrace failures as learning opportunities. However, for many individuals, the potential rewards outweigh the challenges, making entrepreneurship an appealing and fulfilling path to pursue.

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