BUSINESS HIGH SCHOOL

The term for a rise in prices of general consumer goods isa. peaking.
b. price indexing.
c. inflation.
d. deficit.

Answers

Answer 1
Answer: C. Inflation

If you require clarification on why, feel free to comment! 

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Human Resources Manager Isaac Bauer is researching case studies as he prepares an employee wellness workshop. An effective method of formal research is to search print and online journal articles.A. True.
B. False

Answers

Answer: A. True

Explanation: If he were inexperienced in this field or he was doing it as his hobby (casual objectives) with no goal to reproduce or add to the data already published, or were there people involved in his research, then this would have been categorized as informal research. However this setting is strictly formal, and authenticity of data is mandatory. Print and online journal articles contain the case studies already researched thoroughly.

What are the cost of "Freebie" items?

Answers

aye since your my friend i wrote a whole lot to explain it all to you alright XD i highlighted the important things in blue
The word “free” generally elicits either unabashed excitement or wary suspicion. While it’s fun to get excited about “freebies,”
 a healthy dose of skepticism might not be such a bad idea.While free means no exchange of cash, it still typically requires an exchange of something. The simple fact is, if you are giving something up, it isn’t free. Here are just a few of the hidden costs typically involved in claiming your favorite freebies:
Space: Nothing teaches you the precious value of real estate like a small apartment. Just think of how much you pay for a storage unit. Every square foot of your space is worth something and when you bring new items into that space, you need to evaluate if trading that space for storage
 or display is worth it, even if the item itself is free.Most promotional items and free swag is junk and clutter anyway. Don’t put your blinders on to assessing utility and value just because you didn’t have to pay for the item. You’re still going to need to store it.
Time: Free items often have a high time cost. Your friend might be giving away free furniture, but you still have to take the time to go pick it up. The bakery might be giving away free cookies, but how long will it take you to get there and back or wait in line? Could you get more out of spending that time working, working out, cooking dinner or simply relaxing at home with your family or a good book? 
Money: Even free items carry monetary costs. Transportation is the most common. If you have to go out of your way to pick up your freebie, there’s not only a time cost involved but a gas or public transit cost too. If the item is particularly large, it may require some additional moving costs like a truck or soliciting the help of a mover.Some items can even affect your monthly budget. It’s great to score a free Kindle or smartphone as a gift or from a friend who’s upgrading, but if you need to make purchases or increase your spending to actually use that item (like a data plan or e-book purchases), then you need to evaluate if that kind of added expense is realistic for your budget. In some cases, free trials and subscriptions also wind up costing you money. Most require credit cards to activate so they can charge you on the next billing cycle. Even vigilant consumers can forget to cancel, and when they try to, they have to spend time interacting with customer service.
Effort: “Stuff,” whether it’s free or not, generally requires maintenance, cleaning, upkeep and repairs. There’s also effort involving in donating or selling the item
 if and when the novelty wears off.      
Personal Information: Giving away your email or mailing address might not seem like much to pay until you start sifting through piles of spam on a daily basis. Is that free 4 ounce sample of lotion really worth it? 
Health: Consumable freebies are great because they don’t take up any space. You get a free granola bar, you eat it, and it’s gone. Unfortunately, most food freebies come in the form of unhealthy treats and fast food. 
How many times have you been enticed into something by free pizza or beer?Treat freebies like anything else you’d spend money on. The fact is, you’re going to be trading something for it. If it’s not money, then perhaps it’s your time, your space or your health. Make a fair and honest assessment before deciding whether or not “free” is really worth it.

Freebie items are self explainitory, they are free. I hope this helps.

The field that deals with behavioral issues as well as technical issues surrounding the development use an impact of information systems used by managers and employees in the firm is called

Answers

Choices to this question are:
A. information systems architecture. B. information technology infrastructure. C. management information systems. D. information systems literacy.

The field that deals with behavioral issues as well as technical issues surrounding the development use an impact of information systems used by managers and employees in the firm is called management information systems. It is letter C.

It is called management information system.

A management information system is simply the study of how computer systems operate

Management information system refers to a computer system that is made up of software and hardware which provides support for the operations of an organization.

Further Explanation

The management information system collects data from different online systems, scrutinizes the information and provides some crucial data that helps the organization to make informed decisions. In other words, a management information systems help an organization in decision making.

The main reason why firms make use of management information systems is to enhance decision making and provide accurate data regarding the company’s assets which include: marketing, the material needed for production, real estate, marketing and many more.

Some of the types of information systems used by companies to create reports and extract data include

  • Decision support system: are programs used by managers to collect data from different sources to aid decision making.
  • Executive information system: are reporting tools which can be used to summarized report quickly, particularly reports from accounting, human resources, etc.
  • Human resources management systems are used in matters relating to personnel.

Other types of information systems include:

  • Accounting information system
  • Local database
  • Marketing information system and many more

LEARN MORE:

KEYWORDS:

  • management system information
  • employees
  • managers
  • data
  • accounting

During 2016, P Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts:2014 $120,000 understated
2015 150,000 overstated

P uses the periodic inventory system to ascertain year-end quantities that are converted to dollar amounts using the FIFO cost method. Prior to any adjustments for these errors and ignoring income taxes, P's retained earnings at January 1, 2016, would be:

Answers

Answer:

$150,000 overstated

Explanation:

Given

2014 $120,000 understated

2015 150,000 overstated

Using the FIFO cost method, the retained earnings would be $150,000 overstated.

The understated earnings of $120,000 would affect the earnings of 2014 cost of goods sold to be entered as overstated. At the same time, this would understate the net income and the retained earnings.

Having mentioned the above, this would also affect the beginning Inventory of 2015 cost of goods sold to be understated. By the same virtue, this would overstate the net income and the retained earnings by the same amount the net income and retained earnings is understated, effectively correcting the balance of the retained earnings.

Lastly, The $150,000 overstated ending inventory would then affect the 2015 cost of goods sold to beunderstated; this would overstate the Net Income and Retained Earnings.

Answer:

P's retained earnings are overstated by $150,000.

Explanation:

First of all, the $120,000 inventory understatement would cause the 2014 cost of goods sold to be overstated. In other words, profits and consequently retained earnings were understated because COGS were too high.

Because the 2014 ending inventory was understated, the beginning inventory in 2015 would be understated also. Since the initial inventory was understated, the COGS would be too low during 2015, which would end up correcting the previous error during 2015 (both profits and retained earnings should level up).

By the end of 2015, an error happened again and this time the ending inventory was overstated by $150,000, which understates COGS and overstates profits (and retained earnings). This should also be corrected during 2016, but since we are asked about January 1, 2016, then the correction hasn't occurred yet.

The problem with a periodic inventory system is that COGS is determined at the end of the accounting period, unlike a perpetual inventory system that records COGS immediately. Any variation in final inventory will change profits and directly affect retained earnings.

Whispering Winds Corp. redeemed $174,000 face value, 9% bonds on April 30, 2017, at 104. The carrying value of the bonds at the redemption date was $157,221. The bonds pay annual interest, and the interest payment due on April 30, 2017, has been made and recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the appropriate journal entry for the redemption of the bonds.

Answers

Answer:

Bonds payable             174,000 debit

loss on redemption        23,739 debit

       discount on BP                     16,779   credit

       Cash                                   180,960   credit

--to record the redemption of bonds --

Explanation:

redemption value: 174,000 x 104% = 180,960

carrying value of the bonds:               (157,221)  

loss on redemption of BP                     23,739

There is a loss as the present value of the bonds is lower than we are paying for them

face value           174,000

carrying value     (157,221)  

discount                16,779

there is a discount as the carrying value of the bon is lower than the face value

We write-off the bonds accounts and declare the loss we also credit the cash used.

Madson Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?a.Prepaid Subscriptions................600,000..................Cash...................................600,000b.Subscriptions Receivable..........600,000................Subscription Revenue.............600,000c.Cash...........................600,000............Unearned Subscription Revenue.....600,000d.Subscriptions Receivable.............100,000.............Unearned Subscription Revenue....100,000

Answers

Answer:

C) Cash...........................600,000............Unearned Subscription Revenue.....600,000

Explanation:

January 31: 60,000 subscriptions sold

  • Dr Cash account 600,000
  • Cr Unearned Subscription Revenue account 600,000

Since cash is an asset account and it increases, then it should be debited.

Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.

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