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3 years ago

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Business

1 answer:

bazaltina [42]3 years ago

5 0

I think your answer would be B: Journal.

Adjusting entries are journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts. These adjustments are made to more closely align the reported results and financial position of a business with the requirements of an accounting framework, such as GAAP or IFRS. This generally involves the matching of revenues to expenses under the matching principle, and so impacts reported revenue and expense levels.

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Describe major laws that are responsible for consumer protection, and the entities that have responsibility for oversight.

Sholpan [36]

Answer:

Major consumer-protecting laws are:

Explanation:

1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.

2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.

3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.

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3 years ago

The "bail-out" money that went to giant financial institutions like citibank and goldman sachs, along with general motors and ch

allsm [11]

The bail-out money that exited to giant financial organizations like citibank and goldman sachs beside with general motors and Chrysler came from the troubled assets relief program. The troubled assets relief program is a program of the united states government to buy toxic assets and equity from financial organizations to reinforce its monetary sector that was employed into law by president george w. bush on october 3, 2008.

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3 years ago

David opened his own bicycle shop 30 years ago, and although he enjoyed his work, he needed more free time. When Josie requested

Gnesinka [82]

Answer:

This is an example of how an apprenticeship can benefit both the business owner and the apprentice.

Explanation:

Apprenticeship is the system or process of hiring someone to train him/her to learn the trade. This method is used in companies and other jobs to train new generations about the trade and also pass on the job.

David may have had the bicycle shop for three decades but now that he desired more free time, he had to pass on the work to someone who can take care of the shop in his place. The apprenticeship of Josie enabled him to have the desired free time while his shop still runs. This is an example of how apprenticeship is beneficial for both parties.

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3 years ago

Analog televisions, such as the one shown above, are in which stage of their product life cycle according to the textbook? accel

Ludmilka [50]

The answer is the decline stage. The decline stage of a product life cycle happens when sales drop which may be in arrears in large part to new technologies or innovations that replace existing as was the case with analog television sets. Digital technologies directed to the progress of standard which is high definition then 3D HDTV and now organic light-emitting diode 3D smart HDTVs.

3 0

3 years ago

On May 11, 2012, your calendar year firm pays $6,000 for a used computer server, its only asset purchase for the year, and estim

Effectus [21]

Answer:

Calendar-Year Firm

The firm’s maximum 2012 deduction for depreciation is:

= $917.

Explanation:

a) Data and Calculations:

Purchase of a used computer server on May 11, 2012 = $6,000

Since the server is a used one, we assume a four-year useful life

Salvage value = $500

Assumed useful life = 4 years

Depreciable amount = $5,500 ($6,000 - $500)

Since the firm does not take the Section 179 Deduction, which would have allowed it to expense the whole depreciable amount this 2012, the depreciation expense for the first year is calculated as follows:

Annual depreciation expense, using the straight-line method = $1,375

For 2012, the firm's maximum deduction for depreciation will be:

= $917 ($1,375 * 8/12) (covering the months from May 11 to December 31)

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3 years ago