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gogolik [260]
3 years ago
5

Terminology.In the space provided, write the word or phrase that is defined or indicated.

Business
1 answer:
Tanya [424]3 years ago
7 0

Answer:

1. Earnings per share.

2. Comprehensive income.

3. Prior period adjustment.

4. Non-controlling interest.

5. Discontinued operations.

6. Intra-period tax allocation.

7. Current liabilities.

8. Balance sheet.

9. Contingencies.

10. Liabilities.

11. Current assets.

12. Property, plant and equipment.

13. Intangible assets.

14. Assets.

15. Equity.

Explanation:

1. Net income minus preferred dividends divided by the weighted average of shares outstanding: Earnings per share.

2. All changes in equity during a period except those resulting from investments by owners and distributions to owners: Comprehensive income.

3. A correction of an error is reported as a: Prior period adjustment.

4. The portion of equity interest in a subsidiary not attributable to the parent company: Non-controlling interest.

5. The income statement category for a disposal of a component of a business: Discontinued operations.

6. Relating tax expense to specific items on the income statement: Intra-period tax allocation.

7. Obligations expected to be liquidated through use of current assets: Current liabilities.

8. Statement showing financial condition at a point in time: Balance sheet.

9. Events that depend upon future outcomes: Contingencies.

10. Probable future sacrifices of economic benefits: Liabilities.

11. Resources expected to be converted to cash in one year or the operating cycle, whichever is longer: Current assets.

12. Resources of a durable nature used in operations: Property, plant and equipment.

13. Economic rights or competitive advantages which lack physical substance: Intangible assets.

14. Probable future economic benefits: Assets.

15. Residual interest in the net assets of an entity: Equity.

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Which of the following is considered to be an accrued expense?
scoundrel [369]

Answer:

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

Explanation:

An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.

8 0
4 years ago
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $ 12 each an
bezimeni [28]

Answer:

The static budget variance of​ revenues is 36000 Unfavorable

Explanation:

Lincoln Corporation

Static Budget Variances

                                  Actual               Budgeted              Static Budget

                                  Units sold         Units sold                Variance

                               42,000 units          39,000 units

Sales Price               $ 12                        $ 12

Revenues               504000                 468000              36000 Unfavorable

Variable costs         $ 168,000            $ 158,000           10,000 Unfavorable

Fixed costs           $ 46, 000               $ 48,000              2000 Favorable

The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.

In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.

7 0
3 years ago
Car manufacturers try to encourage drivers to buckle their seat belts through the use of reinforcement. As you know, if you star
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Answer:

A. Escape Learning

B. Avoidance Learning

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A. You are escaping the annoying sound once you hear it.

B. You are avoiding the sound altogether by buckling before starting the car.

8 0
3 years ago
Which is not considered major constraint on recruiting efforts:
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Answer:

The correct answer is letter "D": support of middle managers.

Explanation:

The Human Resources (HR) department is in charge of the recruitment process in every organization. Though there might be some limits at the moment of selecting new personnel such as the resources of the company, if the job offered is attractive enough or not, and if the company has a good reputation that attracts qualified labor hand.

<em>Middle managers do not represent a major constraint at the moment of recruiting new employees. In most cases, they are the ones requesting for more workers in their departments.</em>

8 0
3 years ago
Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organizat
sergij07 [2.7K]

Answer:

The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

5 0
3 years ago
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