Which of the following is NOT one of the four functions of management?
Question 20 options:
Planning
Controlling
Organizing
Budgeting
Leadership
Answers
Leadership is NOT one of the four functions of management.
Management is a procedure that consists of planning, organizing, staffing, directing, and controlling resources in a manner that aids in achieving organizational objectives.
Management is critical for the success of a company because it is responsible for coordinating, organizing, and managing resources to ensure that the organization's objectives are accomplished.
In general, the four primary functions of management include planning, organizing, leading, and controlling.
They are defined as follows: Planning: It is a process of identifying organizational objectives and determining the appropriate course of action for achieving them. It is the most important function of management because it establishes the foundation for the remaining functions.
Organizing: It involves arranging resources and activities in a way that facilitates the achievement of organizational objectives. It entails the creation of a structure that aids in the efficient use of resources and coordination of activities to accomplish the objectives.
Leadership: It is the act of influencing others to achieve organizational goals. It involves motivating, guiding, directing, and supervising employees to accomplish the company's objectives.
Controlling: It is the procedure of monitoring organizational performance to ensure that objectives are accomplished. It entails measuring actual performance against planned performance, identifying deviations, and implementing corrective measures.
However, budgeting is not one of the primary functions of management. It is a part of the planning process and aids in the development of goals, objectives, and strategies by identifying the resources required and their associated costs.
Budgeting is a method of estimating future revenues and expenses, as well as allocating resources in a manner that supports the company's goals and objectives.
Budgeting aids in the allocation of resources to various departments and projects, which aids in the achievement of the organization's objectives. However, budgeting is not one of the four primary functions of management.
For more such questions on Leadership
https://brainly.com/question/25996547
#SPJ8
Related Questions
The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Answers
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answers
Answer:
The answer is the letter A
Answer:
A
Explanation:
what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
Answers
Answer:
The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.
which of the following is not a product cost under variable costing?
Answers
The International Finance Corporation (IFC) performs which of the following functions? a. Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies b. Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets c. Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members d. Works on issues related to foreign investment disputes e. Provides political risk coverage for private investments made in developing countries
Answers
Answer:
a). Provide loans and take an equity position in private companies of developing countries and works toward developing capital markets in those economies.
Explanation:
The key functions of IFC(International Finance Corporation) include 'offering loans and getting a hold on the equity stand in the private sector companies established in developing countries in order to build capital in such economies.' It also assists these countries in attaining sustainable growth and development by providing these financial fundings, deploying capital effectively, and proffering counseling services to these nations and the private businesses running across the country. Thus, option a is the correct answer.
employee assistance programs (eaps) are based on the assumption that work is the cause of an employee's problems. true or false?
Answers
Employee assistance programs (EAPs) are based on the assumption that work is the cause of an employee's problems. This statement is false. EAPs are designed to provide support and assistance to employees facing a variety of personal and work-related issues
These may affect their job performance, health, and overall well-being. These programs aim to help employees resolve problems that might be affecting their work, regardless of the cause. EAPs offer a range of services, such as counseling, referrals, and resources for addressing various problems employees may face.
These problems can include stress, mental health issues, substance abuse, relationship conflicts, financial difficulties, and other personal concerns. While some of these problems may arise from work-related factors, EAPs recognize that employees can experience difficulties in their personal lives that may also impact their performance at work.
By offering support and resources to help employees address these problems, EAPs contribute to a healthier, more productive workforce. They can help employees overcome challenges before they negatively affect job performance or lead to more serious issues.
EAPs are not solely focused on addressing work-related problems but rather aim to provide holistic support for employees in all aspects of their lives.
In summary, the assumption that Employee assistance programs are based on the idea that work is the sole cause of an employee's problems is false. EAPs are designed to support employees in overcoming various personal and work-related challenges, recognizing that multiple factors can affect an individual's well-being and performance in the workplace.
To know more about Employee assistance programs refer here:
https://brainly.com/question/29891227#
#SPJ11
Logan Corp. purchases supplies on account and appropriately records the transaction in an asset account. The adjusting journal entry at year-end when accounting for supplies used will require a (Select all that apply.)
Answers
Answer:
Debit to supplies expenseCredit to suppliesExplanation:
Supplies to be used in a period will be considered an expenses so Logan should debit the Supplies Expense account to show that as an expense, the supplies used have increased.
As Logan Corp. bought the supplies on account, they should record this as a credit in the supplies account to show that it is a liability account that is still owed.
6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Answers
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
Type the correct answer in the box Spell all words correctly.
A company decides to diversity a product by creating a new product range, which stage of the its life cycle is the product most likely in2
A company decides to diversify a product by creating a new product range. It is most likely in the
_______stage
Answers
Answer:
maturity
Explanation:
Answer:
maturity
Explanation:
got it right
measured by assets, the most popular type of bond fund is the ____ bond fund.
Answers
Measured by assets, the most "popular-type" of bond fund is the strategic income bond fund.
The "strategic-income" fund is also a popular type of bond fund.
A strategic income bond fund is a type of mutual-fund that invests in a wide range of fixed income securities, including corporate bonds, government bonds, mortgage-backed securities, and other debt securities.
This type of fund gives the fund manager more flexibility to invest in different kinds of loans, including riskier ones, to earn higher returns.
The fund-manager may also use different strategies to manage the fund's investments and risks. Investors who want earn higher returns and are able to take on risk choose to invest in this type of fund.
Learn more about Bond Fund here
https://brainly.com/question/30859624
#SPJ4
Talia, Shemp and Lola formed a corporation under the name Dependable Health Solutions, Inc., and advertise their services nationwide. All stock is owned by Talia, Shemp and Lola as principals, and none was offered to anyone outside the corporation. This would be classified as a
Answers
Since All stock is owned by Talia, Shemp and Lola as principals, it would be classified as a municipal corporation.
What is municipal corporation?municipal can be regarded as a corporation which is a large private corporation with many shares.
Therefore, the described corporation is a
municipal corporation because no share are sold to the public or traded on a stock exchange.
Learn more about municipal corporation at;
https://brainly.com/question/24186514
1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answers
Answer:
hey what kind of watch is that in your profile pic
Lucinda is giving a presentation to her manager, glenn, who has a hub motivational value system. In order to appeal to his pragmatic and flexible nature in her presentation, she should:.
Answers
The thing which Lucinda has to do in order to appeal to his pragmatic and flexible nature in her presentation, she should:
Stress the benefits to different stakeholders.What is Pragmatism?This refers to the philosophy which believes that words and thought are powerful tools to help in solving problems in practical applications.
Based on the fact that Lucinda's manager is said to be a pragmatist who has a motivational value system, then she would have to base her presentation on the fact that it would be beneficial to different stakeholders.
Read more about pragmatism here:
https://brainly.com/question/7432344
pxg co. has total assets of $10,400,000 and a total asset turnover of 2.54 times. assume the return on assets is 12 percent. what is its profit margin? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
PXG Co. has $10,400,000 in total assets and a total asset turnover of 2.54. Suppose the asset return is 12 percent. Its profit margin is 4.72%.
How is the profit margin calculated?The profit margin of a business is calculated as the profit (sales less all costs) divided by the revenue. By comparing profit to sales, the profit margin ratio illustrates how effectively a business is managing its overall finances. Every time, it is expressed as a percentage.
Profit margin is calculated by multiplying revenue by profit (by 100). A net profit margin and a gross profit margin are the two types of profit margins (smaller).
We need the net income and sales in order to calculate the profit margin. We can calculate sales using total asset turnover, and net income using return on assets. Starting with the whole asset turnover, we discover that sales are:
Total asset turnover = Sales / Total assets
2.54 = Sales / $10,400,000
Sales = $26,416,000
As for the net income:
ROA = Net income / Total assets
0.12 = Net income / $10,400,000
Net income = $1,248,000
Now that we have the profit margin, it is:
Profit margin = Net income / Sales
Profit margin = $1,248,000 / $26,416,000
Profit margin = 0.0472 or 4.72%
Learn more about profit margin: https://brainly.com/question/28903349
#SPJ4
Harper Engine Company needs $687,000 to take a cash discount of 1.50/15, net 70. A banker will loan the money for 55 days at an interest cost of $20,800. a. What is the effective rate on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) b. How much would it cost (in percentage terms) if Harper did not take the cash discount but paid the bill in 70 days instead of 15 days? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) c. Should Harper borrow the money to take the discount? multiple choice 1 No Yes d. If another banker requires a 10 percent compensating balance, how much must Harper borrow to end up with $687,000? (Round your answer to 2 decimal places.) e-1. What would be the effective interest rate in part d if the interest charge for 55 days were $12,600? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) e-2. Should Harper borrow with the 10 percent compensating balance requirement? (There are no funds to count against the compensating balance requirement.) multiple choice 2 No Yes
Answers
Based on the calculations, Harper should not borrow with the 10% compensating balance requirement since the effective interest rate (10.79%) is higher than the effective rate on the bank loan (72.71%).
a. To calculate the effective rate on the bank loan, we need to determine the interest rate per period.
Interest cost = $20,800
Loan period = 55 days
Loan amount = $687,000
Effective rate = (Interest cost / Loan amount) * (360 / Loan period)
Effective rate = ($20,800 / $687,000) * (360 / 55)
Effective rate ≈ 0.1110 * 6.5455
Effective rate ≈ 0.7271
The effective rate on the bank loan is approximately 72.71%.
b. If Harper did not take the cash discount and paid the bill in 70 days instead of 15 days, we need to calculate the cost as a percentage.
Cost of not taking the discount = (Discount % / (100% - Discount %)) * (360 / (Discount period - Net period))
Discount % = 1.50%
Discount period = 15 days
Net period = 70 days
Cost of not taking the discount = (1.50% / (100% - 1.50%)) * (360 / (15 - 70))
Cost of not taking the discount ≈ 1.51%
The cost, in percentage terms, of not taking the cash discount and paying the bill in 70 days instead of 15 days is approximately 1.51%.
c. Based on the calculations, Yes, Harper should borrow the money to take the discount.
since the effective rate on the bank loan (72.71%) is lower than the cost of not taking the discount (1.51%).
d. Harper must borrow approximately $763,333.33 to end up with $687,000 after the 10% compensating balance requirement.
To determine the loan amount required to end up with $687,000 after the 10% compensating balance requirement:
Loan amount = Desired amount / (1 - Compensating balance %)
Desired amount = $687,000
Compensating balance % = 10%
Loan amount = $687,000 / (1 - 0.10)
Loan amount ≈ $763,333.33
e-1. To calculate the effective interest rate in part d with an interest charge of $12,600:
Effective rate = (Interest cost / Loan amount) * (360 / Loan period)
Interest cost = $12,600
Loan period = 55 days
Loan amount = $763,333.33
Effective rate = ($12,600 / $763,333.33) * (360 / 55)
Effective rate ≈ 0.0165 * 6.5455
Effective rate ≈ 0.1079
The effective interest rate in part d, with an interest charge of $12,600, is approximately 10.79%.
e-2. Based on the calculations, Harper should not borrow with the 10% compensating balance requirement .
since the effective interest rate (10.79%) is higher than the effective rate on the bank loan (72.71%).
Read more about effective rate, visit:
brainly.com/question/30602158
#SPJ4
when the current account and the capital account are added together, . a.) it is impossible to predict, given changes in trade patterns b.) the sum will be negative c.) the sum will be positive d.) the sum will be zero
Answers
When the current account and the capital account are added together the sum will be zero.
In economics, a country's current account balance reflects the value of imports and exports of goods and services and international capital transfers. It is one of the two components of the balance of payments, the other being the capital account.
A checking account is a bank account where you keep and withdraw money. Most banks offer a variety of checking accounts with different features so you can find the one that best suits your needs. The current account represents the net effect of this transaction in that country. In other words, if a country exports more than it imports, the current account balance is positive. Similarly, if imports exceed exports, the current account balance becomes negative.Learn more about current account here: https://brainly.com/question/15252417
#SPJ4
Noah's Sporting Goods' gross profit margin decreased from 34.0% in 2021 to 31.3% in 2022. What are two possible causes for the decline in gross profit? 1 Increased competition resulted in a lower selling price in 2020 and the cost of inventory from suppliers decreased in 2020. 2Decreased competition resulted in a higher selling price in 2020 and the cost of inventory from suppliers decreased in 2020. 3Increased competition resulted in lower selling price in 2020 and the cost of inventory from suppliers increased in 2020. 4Decreased competition resulted in a higher selling price in 2020 and Mike increased their mark up in 2020
Answers
The decline in Noah's Sporting Goods' gross profit margin from 34.0% to 31.3% could be attributed to increased competition leading to lower selling prices in 2022 and a rise in the cost of inventory from suppliers during the same period.
How did Noah's Sporting Goods' gross profit margin decline?The two possible causes for the decline in gross profit margin from 34.0% in 2021 to 31.3% in 2022 could be:
1. Increased competition resulted in a lower selling price in 2022: If the market became more competitive in 2022, Noah's Sporting Goods may have had to lower their selling prices to remain competitive. This would lead to a decrease in the gross profit margin as the profit per unit sold would be reduced.
2. The cost of inventory from suppliers increased in 2022: If the cost of purchasing inventory from suppliers increased in 2022, it would directly impact the cost of goods sold. If the cost of goods sold increased while the selling price remained constant, it would result in a lower gross profit margin.
Therefore, the possible causes for the decline in gross profit margin could be:
1. Increased competition resulting in a lower selling price in 2022.
2. The cost of inventory from suppliers increased in 2022.
Learn more about: gross profit
brainly.com/question/29064762
#SPJ11
Timothy wants to accumulate $44,000 in a fund with payments of $2,200 made at the end of every quarter. The interest rate is 5.83% compounded quarterly.
a. How many payments (rounded up to the next payment) will it take to accumulate this amount?
23 payments
14 payments
17 payments
18 payments
b. How long will it take to accumulate this amount?
6 years and 6 months
7 years and 4 months
7 years and 6 months
4 years and 6 months
Answers
a. The 18 payments. By using the future value of an annuity formula, it takes 18 payments (rounded up) to accumulate $44,000.
b. The 7 years and 6 months. By dividing the number of payments (18) by the number of payments per year (4), it takes 4.5 years or 7 years and 6 months to accumulate $44,000.
a. 18 payments. To calculate the number of payments required to accumulate the desired amount, we can use the formula for the future value of an ordinary annuity:
n = (log(PV * r / PMT + 1) / log(1 + r))
Where:
PV = Present value or initial amount ($0 in this case)
r = Interest rate per period (5.83% or 0.0583 divided by 4 for quarterly compounding)
PMT = Payment amount ($2,200)
Using the given values, the calculation yields:
n = (log(44,000 * (0.0583/4) / 2,200 + 1) / log(1 + (0.0583/4)))
n ≈ 17.23
Since we need to round up to the next payment, it will take 18 payments to accumulate the desired amount.
b. The correct answer is 7 years and 6 months. To calculate the time it takes to accumulate the desired amount, we can use the formula for the number of periods:
t = n / q
Where:
t = time in years
n = Number of payments (18 from the previous calculation)
q = Number of payments per year (4 since payments are made quarterly)
Using the given values, the calculation yields:
t = 18 / 4
t = 4.5 years
Since we're dealing with quarterly payments, we convert the 0.5 years to months:
0.5 years * 12 months = 6 months
Therefore, it will take 7 years and 6 months to accumulate the desired amount.
learn more about future value here:
https://brainly.com/question/30787954
#SPJ11
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
To learn more about Stocks follow the link.
https://brainly.com/question/14649952
#SPJ2
Which of the following is an indication of an assignable cause of variation? Select one or more a 5 sequential observations above the center line b. An upward trend of 5 sequential points c. An observation that is above the upper or below the lower controllimit. d. 4 sequential observations that are more than 2 standard deviations away from the center line e 5 sequential observations which are within one standard deviation of the center line An observation which falls on the center line
Answers
Indications of an assignable cause of variation include 5 sequential observations above the center line, an upward trend of 5 sequential points, observations outside control limits, and 4 sequential observations more than 2 standard deviations away from the center line. Random fluctuations within one standard deviation and observations on the center line do not indicate assignable causes.
An assignable cause of variation refers to a specific factor that influences the performance or quality of a process, leading to non-random variations. Identifying these causes is essential for effective process control and improvement. In the given options, the indications of an assignable cause of variation include:
a) 5 sequential observations above the center line: This pattern suggests a non-random shift in the process, which may be due to an assignable cause.
b) An upward trend of 5 sequential points: A consistent upward trend is likely not due to random chance, and indicates that an assignable cause may be influencing the process.
c) An observation that is above the upper or below the lower control limit: Observations outside of control limits are generally considered to be influenced by assignable causes, as they deviate significantly from the expected range.
d) 4 sequential observations that are more than 2 standard deviations away from the center line: This pattern also suggests a non-random shift in the process, which may be attributed to an assignable cause.
Option e (5 sequential observations within one standard deviation of the center line) and the observation falling on the center line do not indicate an assignable cause of variation, as they represent random fluctuations within the expected range of the process.
Learn more about standard deviation here :-
https://brainly.com/question/13336998
#SPJ11
Please help............
Answers
Suppose the president of a country uses $200 million to build an interstate railway network in the country. The expenditure is entirely financed by borrowing. The government did not borrow any money before building the railway network. Before the government borrowing, the equilibrium amount of savings −$700 million. After the government borrowing, the equilibrium amount of savings =$820milli. Use the given information to answer questions 25−28. Question 25 3 pts (a) Regarding the expenditure on buliding the raliway network, is it a government spending? (b) Would the equilibrium interest rate increase or decrease after the government borrowing? Question 26 2 pts How much is the amount of firms investments after the government borrowing? Answer: The amount of firms' investments −$ million. Question 27 2 pts Assume complete crowding out, how much is the decrease in household consumption after the government borrowing? Answer: The decrease in household consumption −$ million. Question 28 1.5pts Assume complete crowding out, does AD increase, decrease, or remain unchanged after the government borrowing?
Answers
Question 25:
(a) Yes, the expenditure on building the railway network is considered government spending. This is because it is financed by borrowing and undertaken by the government for public infrastructure development.
(b) The equilibrium interest rate would increase after the government borrowing. When the government borrows funds to finance its expenditure, it increases the demand for loanable funds in the economy. This increased demand puts upward pressure on interest rates, leading to an increase in the equilibrium interest rate.
Question 26:
The amount of firms' investments after the government borrowing is not explicitly provided in the given information. Therefore, it cannot be determined with the given data.
Question 27:
Assuming complete crowding out, the decrease in household consumption after the government borrowing can be calculated by comparing the changes in savings before and after borrowing. The change in household consumption can be derived as the difference in savings.
Change in household consumption = Equilibrium savings after borrowing - Equilibrium savings before borrowing
= $820 million - (-$700 million)
= $1,520 million
Therefore, the decrease in household consumption after government borrowing is $1,520 million.
Question 28:
Assuming complete crowding out, aggregate demand (AD) would remain unchanged after the government borrowing. This is because complete crowding out suggests that the increase in government spending and borrowing is offset by a decrease in private investment and consumption, leaving the overall level of aggregate demand unchanged.
To know more about expenditure , visit
https://brainly.com/question/28537338
#SPJ11
hey what time do you start work tommorow babe tell me now or i will come to yoyur house tonigh
Answers
Explanation:
9 am why
Answer:
oop- late f`ree points. :)
\(AnimeVines\)
Stretch goals are the Multiple Choice targets that are exceptionally demanding and novel. set of goals whose primary focus is to protect organizations from being sustainable. targets that merely exhort employees in general terms to improve performance and start doing their best. goals that conflict with people's personal values and interests. goals that are high enough to inspire better performance but at the same time are always unattainable.
Answers
Answer:
targets that are exceptionally demanding and novel.
Explanation:
Stretch goals are the targets that are exceptionally demanding and novel. It is not everyone that considers or think about creating stretch goals because they are highly demanding and relatively new to the individual or business firm.
Generally, stretch goals are divided into two (2) main categories and these includes;
I. Horizontal stretch goals: it is focused on the professional development of individuals through attempting, learning and picking up difficult challenges or tasks.
II. Vertical stretch goals: these type of goals or targets are usually in tandem with the current activities in an organization such as productivity and financial outputs.
i am very confused on this part of the assignment it kinda makes no sense to me.
Answers
The resultant effects on he books in Financial Accounting of the activities on the left result in the triggers on Assets and Liabilities etc on the right.
What is the Match or result of the above-given activities on the Left?Issued common stock to investors in exchange for cash received from investors. - Increase in assets and increase in equity.Paid monthly rent. - Decrease in assets and decrease in equity.Received cash from customers when service was performed. - Increase in assets and increase in equity.Billed customers for services performed. - Increase in assets and increase in equity.Paid dividends to stockholders. - Decrease in assets and decrease in equity.Incurred advertising expense on account. - Increase in expenses and increase in liabilities.Received cash from customers billed in (4). - Increase in assets and decrease in accounts receivable.Purchased additional equipment for cash. - Increase in assets and decrease in cash.Purchased equipment on account. - Increase in assets and increase in liabilities.Learn more about Financial Accounting:
https://brainly.com/question/28506534
#SPJ1
multiple select question select all that apply which of the following describes accrued revenue? (check all that apply) multiple select question. adjustments involve increasing both an expense account and a liability account. they refer to revenues that are earned in a period, but have not been received and are unrecorded. accounts receivable is usually increased when accruing revenues. the adjustment causes an increase in an asset account and an increase in a revenue account. they refer to earnings which have been earned but not yet billed.
Answers
"The adjustment causes an increase in an asset account and an increase in a revenue" and "They refer to revenues that are earned in a period, but have not been received." are correct.
Explanation:
Accrued revenue refers to revenue that has been earned by a company but has not yet been received or recorded. Here's an explanation of the statements:
1. The adjustment causes an increase in an asset account and an increase in a revenue:
Accrued revenue is recognized by making an adjusting entry that increases both an asset account (usually accounts receivable) and a revenue account. This adjustment reflects the revenue earned during the period, even though the cash has not been received.
2. Accounts receivable is usually increased when accruing revenues:
When revenue is accrued, it means that the company has provided goods or services to a customer, but payment has not been received yet. To record this, the accounts receivable account is increased, indicating that the company has a right to receive payment for the services rendered.
3. They refer to revenues that are earned in a period, but have not been received:
Accrued revenues are revenues that have been earned during an accounting period but have not been received in the form of cash or other assets. Despite not receiving payment, the company recognizes these revenues in its financial statements to reflect the true earning of revenue during the period.
The statement "Adjustments involve increasing both an expense account and a liability account" does not describe accrued revenue. Accrued revenue involves increasing asset and revenue accounts, not expense and liability accounts. Similarly, the statement "They refer to earnings which have been earned but not yet billed" does not accurately describe accrued revenue since it refers to unbilled earnings, not revenues that have been earned but not yet received.
Learn more about revenue here:
brainly.com/question/29567732
#SPJ11
What is one advantage of taking a course online instead of onsite?
A.
It is easier to access the printed course materials.
B.
You can usually do the coursework when it’s convenient.
C.
The quality of teaching is typically a little better.
D.
You can communicate with your teacher more effectively.
Answers
B. The coursework can usually be completed at a time that works for convenient - is one of the benefits of taking a course online rather than in person.
What are the benefits of taking courses online?There are advantages and disadvantages to learning online and in a virtual classroom, just as there are to learning in person on a physical campus. You'll find that one of the many advantages of online education is that it gives you more flexibility in your schedule, can lower the cost of your degree, and can make it easier to advance your career while you study.
Online education has many advantages, but there are also disadvantages to consider. In its own way, staying focused and being self-motivated can be difficult; which is one reason why not everyone is a good candidate for online education. You can get a better idea of whether online learning might be right for you and your career and education goals by learning more about its benefits and drawbacks.
To learn more about online education visit :
https://brainly.com/question/24942864
#SPJ1
the scope of the fasb’s standard on revenue from contracts with customers (asc 606) includes
Answers
The scope of the FASB's standard on revenue from contracts with customers (ASC 606) includes all contracts with customers, except for contracts that are within the scope of other accounting standards.
ASC 606 establishes principles for recognizing revenue when an entity transfers goods or services to customers in exchange for consideration. The scope of the standard covers all contracts with customers, regardless of the nature of the entity's business activities or the types of goods or services provided. However, ASC 606 does not apply to certain types of contracts, such as lease contracts, insurance contracts, and financial instruments, which are subject to other accounting standards.
In summary, the scope of ASC 606 is broad and encompasses all contracts with customers, except for contracts that are within the scope of other accounting standards. Entities must carefully evaluate the nature of their contracts to determine whether they fall within the scope of ASC 606 or another accounting standard.
To know more about ASC 606 ,visit:
https://brainly.com/question/29646694
#SPJ11
in year 1, shell company understated their ending inventory. what is the effect of this error in year 2? multiple select question. cost of goods sold is understated. beginning inventory is overstated. cost of goods sold is overstated. beginning inventory is understated.
Answers
The effect of a shell company understating their ending inventory in Year 1 is twofold: cost of goods sold is understated, and beginning inventory is overstated.
In Year 1, when the shell company understates their ending inventory, the cost of goods sold is understated. This means that the company is reporting lower than expected costs of production. This can lead to higher net income reported in Year 1, as expenses are understated.
In Year 2, the shell company's beginning inventory is overstated. This means that the beginning inventory is higher than it should be. This will lead to an understated cost of goods sold in Year 2, resulting in a higher than expected net income.
Overall, the effect of a shell company understating their ending inventory in Year 1 is that cost of goods sold is understated in Year 1 and beginning inventory is overstated in Year 2. This can result in inflated net income reported in both years.
For more such questions on Understatement.
https://brainly.com/question/17515516#
#SPJ11