A____ helps you plan and organize your finances.

For each of the following items before adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accr

igor_vitrenko [27]

Answer:

See explanation

Explanation:

(a) Assets are understated - If we do not adjust accrued revenue, the assets are understated. For example - if we do not add any outstanding rent revenue, the assets will become understated.

(b) Liabilities are overstated - If we do not adjust unearned revenue, the liabilities are overstated. For example - if we do not deduct any expired unearned revenue, the liabilities will become overstated.

(c) Liabilities are understated - If we do not adjust accrued expense, the liabilities are understated. For example - if we do not add any outstanding rent expense, the liabilities will become understated.

(d) Expenses are understated - If we do not adjust accrued expense and prepaid expense, the expenses are understated. For example - if we do not add any outstanding rent expense and expired prepaid expenses, the expenses will become understated.

(e) Assets are overstated - If we do not adjust prepaid expense, the assets are overstated. For example - if we do not deduct any expired prepaid insurance, the assets will become overstated.

(f) Revenue is understated - If we do not adjust accrued revenue and unearned revenue, the revenue is understated. For example - if we do not add any outstanding rent revenue and expired unearned revenue, the revenue will become understated.

3 0

3 years ago

Research suggests that people just care about getting a paycheck out of their jobs.

quester [9]

Answer (1)

False

Explanation:

Getting a paycheck is not what most people want out of their job, studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs. Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.

Answer (2)

True

Explanation:

Different people have different reasons for working, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

2. Belongingness

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.

8 0

3 years ago

Of these common educational requirements for Finance careers, select those you are most interested in achieving. Check all that

Nataly [62]

Answer:

The correct options are Advanced degree after a traditional four year college degree and On the Job training Experience.

Explanation:

If I like to persuade my career in the Finance Field, I would definitely go for the Four Year degree program in finance and then do Advance education in the concerned field. Then i would like to get the on the job training experience in the finance department of a renowned company to have a true learning experience of the finance field in real time. This would prepare me to become fully knowledgeable about the finance matters before entering into the market as a finance professional. So getting advance degree after basic degree in finance and getting the on the job training would be my choices for Finance Careers.

3 0

3 years ago

Read 2 more answers

Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.

marishachu [46]

Answer:

The Gross Domestic Product (GDP) is a measure of the value of all final Goods and Services in an Economy in a given period usually a year.

It can be calculated using the Expenditure method which is;

= Consumption + Investment + Government Spending + Net Exports

Consumption

Here, the final goods and services that all households in the Economy purchased and used for the year are included. It is usually the largest component of GDP.

The following will fall here.

- Ice cream

- A domestically manufactured personal computer

- Cab fare for personal use

- A ticket to a local sporting event

- 55 cent tacos

Investment

The Goods that will fall under here include Capital goods purchased or made in an Economy for the purpose of increasing production capacity.

Of the goods listed only one will fall here being;

- A Domestically Manufactured Personal Computer.

Government Spending

This includes all Public Spending in the Economy on goods and services for things such as Health and Defense but excluding transfer payments such as Social Security.

- Public School Teacher's Salary will fall under here.

Net Exports

These are the Exported goods from the country less the goods that it imported. From the above only one item falls under this category;

- Exported Doll House

6 0

3 years ago

In the context of the promotional mix, _____ attempts to persuade the buyer to accept a point of view.

Ket [755]

In the context of the promotional mix, personal selling attempts to persuade the buyer to accept a point of view. Personal selling is when a sales rep meets with a potential client to close the sale. Personal selling describes in person sales events that help promote the potential client while informing them of the product.

8 0

3 years ago