the new trade theory is mainly at odds with the ________ theory.

Answers

Answer 1

The new trade theory is mainly at odds with the factor proportions theory as  it emphasizes on productivity and not on nation's resources.

According to the NEW TRADE THEORY, when trade restrictions are dropped to improve competitiveness on a worldwide level, low-productivity companies that have been responses by the trade restrictions are compelled to leave the market and are substituted by high-productivity companies with higher output volumes.

Two Swedish economic experts, Eli Heckscher and Bertil Ohlin, created the factor proportions theory in the 1920s. Since Paul Samuelson offered numerous updates to the theory after the 1930s, it is repeatedly alluded to by the Heckscher-Ohlin-Samuelson (HOS) theory.

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Related Questions

Which of the following is NOT a discretionary expense?
Vacation
Rent
Entertainment
Gym membership

Answers

Answer:
B. Rent

Explanation: Discretionary expenses are considered things that we buy which are not necessities to live. Things like; going out to the movies or buying candy are not necessary and therefore they are considered "discretionary."

global engineering's actual operating income for the current year is $56,000. the flexible budget operating income for actual sales volume is $51,000, while the static budget operating income is $54,000. what is the sales volume variance for operating income?

Answers

Variance in sales volume for total revenue = 23000 The current year's unfavorable operating income for global engineering is $56,000.

What's an example of something unfavorable?

Difficulties or circumstances cause you problems and lower your chances of success. The decision to postpone the launch was made due to unfavorable weather conditions. The overall international economic position is very unpleasant for southern countries.

Sales volume variance for operating income = (Actual Unit Sold - Budgeted Unit Sales)   x   Standard Profit Per Unit

Sales volume variance for operating income =Actual Unit Sold  *  Standard Profit Per Unit - Budgeted Unit Sales* Standard Profit Per Unit

Sales volume variance for operating income = 32000 - 55000

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Technology choices can have a major impact on

O customer satisfaction.

O quality.

O all of these choices are correct.

O costs.

O productivity.

Answers

Technology choices can have a major impact on whether all of these choices are correct. Thus the correct option is C.

What is the importance of Technology?

Technology helps in making ease Of life. It helps in the quick delivery of information through advanced tools as well as encourages effective communication.

It has an advanced tool that helps in satisfying the customer with lucrative offers and techniques like data analytics. It helps to increase the productivity of employees and saves the cost of the operations of the business.

Therefore, option C is appropriate.

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Do investments that pay higher rates of return carry higher risk?

Answers

High-risk investments have a higher potential of producing higher returns than other types, but they also pose a larger risk to your money.

Does a higher rate of return imply a higher degree of risk?

Greater risk is associated with a greater possibility of higher return, whereas greater likelihood of lesser return is associated with greater risk. The risk return trade-off refers to the trade-off that an investor must make when weighing investment options between risk and return.

What attributes high risk investments have?

A high-risk investment is one that has either a significant percentage probability of losing money or doing poorly—or a disproportionately high danger of suffering a catastrophic loss.

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what type of stakeholders include community, government, nongovernmental organizations, and business support groups?

Answers

Nonmarket stakeholders include community, government, nongovernmental organizations, and business support groups.

What is a stakeholder?

An entity that has an interest in the success of a project or business venture is referred to as a stakeholder. Stakeholders, who may be inside or outside the organization supporting the project, have a vested interest in the project's success. Because of their decision-making power, stakeholders are crucial to the success of every project. A project cannot survive without the support of important or key stakeholders.

As with any other project participant, a stakeholder is a person, however some are simpler to manage than others. You'll need to develop the skills to apply stakeholder mapping strategies to determine who your main stakeholders are and make sure you are meeting their needs.

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Which side of the account increases the cash account?

O a. debit
O b. credit
O c. either a debit or a credit
O d. neither a debit nor a credit

Answers

A debit increases the balance and a credit decreases the balance.

Now, According to the question:

What are Debits and Credits?

Business transactions are events that have a monetary impact on the financial statements of an organization. When accounting for these transactions, we record numbers in two accounts, where the debit column is on the left and the credit column is on the right.

Debits:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.

Credits:

A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry.

Hence, A debit increases the balance and a credit decreases the balance.

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A command-and-control policy is another term for a Question 23 options: 1) pollution permit. 2) government regulation. 3) corrective tax. 4) Both a and b are correct.

Answers

A pollution permit is sometimes known as a command-and-control policy. These are control mechanisms: command and control.

A command and control policy is one that places restrictions on a certain action in order to prevent unfavourable effects on the national level.Limiting the amount of waste that businesses can produce by generating the highest levels of pollution will encourage them truly try to manage their waste and safeguard the environment.Command and control (C&C) refers to the setting of a maximum ceiling limit for the release of negative externalities (in this case, dangerous pollutant gases) by all individual enterprises. It contains regulation at its core, as was already mentioned.

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________ in the context of management means loss of control of employees.

Answers

When it comes to management, emergent implies losing control over the workforce.

Management, whether it be in a for-profit, nonprofit, or governmental organization, is the administration of the institution. Determining an organization's strategy and supervising employee efforts to achieve goals through utilizing resources, such as financial, natural, technological, and human resources, are both parts of management. The terms "run the business" and "change the business" are used in management to distinguish between carrying on with the provision of goods or services and tailoring the same goods or services to satisfy shifting client expectations - see trend. Managers, who are in charge of overseeing a business, are also referred to as "management."

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Question 2 of 10
Which of the following questions can a balance sheet help to answer?
O A. Does the business have too many customers?
B. Does the business have too many employees?
O C. Has too much credit been extended?
OD. Is the business making the right products

Answers

balance sheet help to answer if the company has too much credit extended. (option C) is the right

balance sheet tell us about the assets and liabilities of the company at a point of time.

we can not know about the following just by seeing the balance sheet of the company.

Does the business have too many customers?

Does the business have too many employees?

Is the business making the right products

but the credit given by the company will be shown under the liability heading so that by seeing the balance sheet we can know whether too much credit is extended by the company?

hence, Has too much credit been extended? can be answered through the balance sheet of the company

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Challenges facing operations and supply chain managers signify that
A. More emphasis should be placed in manufacturing than in service industries B. Operations decisions should precede decisions in other functions in an organization C. Every operation should be externally directed to meet the customers' requirements D. In be competitive, strategies for operations should have a narrow focus such as consideration of effects of industry changes only

Answers

C. The challenges that operations and supply chain managers face indicate that every activity should be externally directed to fulfill the needs of customers.

What is the definition of supply chain management?

Managing the flow of goods and services, or supply chain management, entails overseeing the procedures that convert raw resources into finished items. In order to optimize consumer value and obtain a competitive edge in the marketplace, entails the active simplification of a company's supply-side operations.

Suppliers work to create and put into place supply chains that are as effective and cost-effective as they can through supply chain management (SCM). Supply chains cover everything, including product development, production, and the information systems required to manage these tasks.

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Why are new products very important to the long term success of a company?

Answers

Adding value for the consumer should always come first with each new development.

Why is it so important for a company to introduce new products?

The addition of new products strengthens our advantage over rivals. In order for businesses to please and retain customers, they must constantly fight to provide good products. The creation of new products appears to be essential for firms to maintain a competitive advantage over their rivals and to better serve customer wants.

Any new development must prioritize providing the client with fresh value above all else. Without this, they wouldn't be motivated to trade their money for the new technology. On the other hand, if a product or service offers a lot of value, customers will flock to it.

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When choosing from various types of flat panel display, choose _______ for low power consumption.
a.liquid crystal display (LCD)
b.light-emitting diode (LED)
c.plasma
d.organic LED

Answers

Option D is correct. When choosing from various types of flat panel display, choose organic LED for low power consumption.

Flat-panel displays  are electronic review advances used to empower individuals to see content (actually pictures, moving pictures, text, or other visual data). They are slim, lightweight, give better linearity and are equipped for higher goal than run of the mill shopper grade televisions from prior periods. They are typically under 10 centimeters (3.9 in) thick. The most widely recognized kinds of level board shows are Liquid-Crystal Displays (LCD) and Light-Emitting Diode (LED) technologies, which are at times joined. Level board presentations can likewise be partitioned into two showcase gadget classifications: unstable and static.

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How long will it take to learn VLOOKUP?

Answers

VLOOKUP includes few steps namely, starting with formulae- telling Vlookup where to search- telling Vlookup how many columns between values- ending function with 0 as its easier to do so.

What is VLOOKUP and its limitations?

The classic VLOOKUP function springs to mind when it comes to searching for and obtaining matching data in Excel.

Excel VLOOKUP has a lot of annoying limitations. Cannot gaze to its left is the most important.

Only the leftmost column in the table array can be searched by the VLOOKUP function, and results can only come from the right. It is lost after adding or removing columns.

Any time a new column is added to or removed from the table array, a VLOOKUP formula ceases to function since the return column is provided as an index number.

A lookup value can only be 255 characters long. Use lookup and return ranges, just like with VLOOKUP, to make sure the formula copies accurately to the cells below.

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One benifit of specialization is that it

Answers

An important benefit of specialization is the improvement of human capital, which helps to gain competitive advantage.

What is competitive advantage?

It corresponds to the fact that a company is the first option for potential consumers when they want to purchase a good or service, giving these companies advantages over their competitors.

Therefore, the specialization of employees generates a more accurate knowledge, increasing the level of effectiveness in the operational systems and continuous improvement that leads to the positioning in the market.

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Alex applies for a home loan. The bank asks him to furnish a document as residential proof for processing the loan. Which document should he provide to facilitate the loan process?.

Answers

To speed up the loan application process as home proof for processing, a pay stub should be submitted.

What other paperwork is required to complete the loan?

In order to complete a request for a house loan, banks must have all relevant personal, professional, financial, and property-related information about a client. Financial organizations take great care to ensure that the loan is low-risk due to the relative larger ticket size of such banks.

They often request the following paperwork from borrowers:

Personal credentials-establishing documents First, the bank needs to confirm your legal identity in order to find out who you are and where you live. For this, it is necessary to obtain documents like the passport, driver's license, and pan card, among others.

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To speed up the loan application process as proof of your home address for processing, you will need to provide your pay stub

What is meaning of pay stub?

A pay stub is a document issued by an employer that shows an employee's gross income, deductions from that income, and net salary. Pay stub are created in conjunction with pay stub, so each employee receives a new pay stub each payroll period.

Is pay stub your check?

A pay stub, also known as check slip, is a portion of a salary or another document that gives details about an employee's salary. Wages earned during the pay period and salary information for the current year are listed. The check will also show taxes and other deductions that have been deducted from the employee's income.

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The waiting period in disability income insurance is called ____________ period.
A) Exclusion
B) no benefit
C) Coverage
D) trade-off
E) Elimination

Answers

The waiting period in the disability income insurance is called elimination period.

What is disability income insurance?

An insurance policy that provides benefits to people who are disabled and unable to work is known as disability income insurance (DI). In the event that a sickness or injury keeps a person from working and generating a regular income, disability income insurance helps protect people from financial losses. Both short-term and long-term disability insurance is provided by employers, Social Security, or insurance firms. Just two of the factors that influence premiums are an individual's age and profession. Without a disruption in their income, people with disabilities might not be able to support their families, maintain their standard of living, or make debt payments. Up to 43% of people who are 40 years old by the time they turn 65 will be incapacitated.

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31. A decrease in demand is represented by a. a movement downward and to the right along a demand curve. b. a movement upward and to the left along a demand curve c. a rightward shift of a demand curve. d. a leftward shift of a demand curve. 32. A rightward shift of a demand curve is called a. an increase in demand. b. a decrease in demand. c. a decrease in quantity demande
d. dan increase in quantity demanded

Answers

31. A decrease in demand is represented by:  leftward shift of a demand curve (option d)

32. A rightward shift of a demand curve is called: an increase (option a)

In the demand curve,

vertical axis: information about pricehorizontal axis.: demanded quantity

The typical demand curve is shown in the attached picture.

The demand curve will vary if any of these other things change.

An increase in demand is indicated by a movement to the right in the demand curve.A decrease in demand is indicated by a shift to the left in the demand curve.

Hence, the correct answers are:

- A leftward shift of a demand curve  represents a  decrease in demand .

- A rightward shift of a demand curve represents an  increase in demand.

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Which of the following factors affect market assessment A. Micro Environment B. Production cost C. Demand D. None of these

Answers

Market assessment is a comprehensive evaluation of a product or service's potential in the marketplace.

The following factors affect market assessment:

A. Micro Environment.

B. Production cost.

C. Demand.

What do you mean by Market?

Market is a place or system where goods and services are exchanged or bought and sold. It can refer to a physical location, such as a farmers' market, or it can refer to a virtual location, such as an online marketplace. Markets are a vital part of the economy and are essential for the efficient exchange of goods and services.

Market assessment is the process of evaluating the size, growth potential and overall health of a particular market. It involves researching the current state of the market, analyzing the competition, identifying potential customer segments, and forecasting future market trends. It can help businesses identify new opportunities and potential investments, as well as mitigate risk.

Hence, Option A, B and C are correct.

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What are the two elements of investment?

Answers

The commitment of current financial resources in the hopes of achieving higher returns in the future is what is meant by the term "investment." It addresses what are referred to as uncertainty domains.

Because time and the future are two crucial aspects of investment, the significance of these concepts emerges from this definition.

What aspects of investment are there?

These are the parts: 1. 2. Return Return and Risk 3. Time

What are the two primary goals of an investment?

The main goals of investing are safety, income, and capital gains. However, there are additional considerations that should be made when selecting investments. Minimizing taxes: When making decisions, some investors take tax minimization into consideration.

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When there is an easy money policy because the Fed is accommodating by increasing the money supply, then interest rates are reduced and that __________ Business Investment.

Answers

Because the Fed is being accommodating and increasing the money supply, there is an easy money policy, which lowers interest rates and increase business investment.

Business investment, as opposed to the purchase of a delivery car for a restaurant, explicitly refers to financial assets that are bought in the aim of producing money on their own. The distinction is that while a distribution car will contribute to the company's increased profitability, the restaurant owner is unlikely to receive compensation for the car itself. Investing frequently takes the form of acquisitions, capital investments, real estate purchases, increased marketing expenditures, etc.

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The Fed takes steps to increase extra reserves, banks can make more loans increasing the cash supply, which lowers the activity charge and will increase investment which, in turn, increases GDP through a more than one quantity of the alternate in investment.

When the Fed increases the hobby price it pays on reserves the cash grant will increase?

If the Fed increases the interest price of reserves, banks will prefer to maintain higher reserves. This will reduce the money multiplier as greater reserves effectively suggest a higher reserve ratio. A fall in the money multiplier will decrease the loans given out by using banks, lowering the money supply.

How does the Fed amplify the cash supply?

The Fed can impact the money supply with the aid of modifying reserve requirements, which usually refers to the amount of money banks should preserve towards deposits in bank accounts. By reducing the reserve requirements, banks are in a position to loan greater money, which will increase the common supply of cash in the economy.

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if there is a surplus of a product its price

O is below the equilibrium level
O is above the equilibrium level
O will rise in the near future.
O is in equilibrium.

Answers

The correct response is b. is above the equilibrium level. When the price is higher than equilibrium, there is a surplus, which motivates sellers to reduce their prices in order to reduce the surplus.

The height at which a rising parcel of air is at the same temperature as its surroundings is known as the equilibrium level (EL), level of neutral buoyancy (LNB), or limit of convection (LOC). Diagram demonstrating an air parcel's route when lifted along B-C-E in relation to the surrounding air mass (Tw). As soon as it reaches the equilibrium level and convection ceases, this indicates that formerly unstable air is now stable. With the exception of overshooting tops, where the updraft continues to rise to the maximum parcel level (MPL) due to momentum, this level is frequently close to the tropopause and can be identified as being close to where a thunderstorm's anvil is. More specifically, the cumulonimbus will stop rising a few kilometres before it reaches neutral buoyancy, thus anvil glaciation typically takes place at a higher altitude over land than it does over water (despite little difference in LNB from land to sea).

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What does a 401 K plan generally provide its participants?

Answers

A 401 K plan generally provide its participants a plan to save money from their salaries as a retirement plan.

A 401K plan is a retirement savings plan that allows participants to set aside a portion of their pre-tax salary for retirement.

Contributions to the plan are made with pre-tax dollars, meaning that the amount of taxes paid each year is reduced. The funds in the 401K plan are not taxed until they are withdrawn, usually at retirement.

Many 401K plans also offer matching contributions from the employer, allowing participants to benefit from an even larger retirement fund.

The amount of money that can be contributed to a 401K plan each year is limited, but the funds will continue to grow tax-deferred until they are withdrawn.

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How do I use Excel files?

Answers

Database administrators and other people can make this information easier to examine as data is added or altered by organizing the data using tools like Excel. The boxes in Excel are referred to as cells, and they are arranged into rows and columns.

Why are fundamental Excel abilities crucial?

Microsoft Excel users can categorize data into useful groups and see trends in the data. Additionally, Excel handles human resources tasks that assist firms in understanding the composition and activities such as classifying hours worked and organizing employee data and expenses. of their personnel.

The best Excel document is?

You regularly employ the XLSX layout: It can't hold harmful code and includes the most columns and rows available. It is also the most well-known. The XLS file type has been replaced with XLSX.

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Staples has expanded its __________________ efforts to sell to companies such as Wells Fargo or IBM.
business-to-business
unreachable
international
consumer-to-business
business-to-consumer
Read the mini case below and answer the questions that follow.
At Staples, the overall goal has been to become the leading office products and service provider by combining experience, extensive distribution infrastructure, and customer service expertise with web-based information technology. The integration of different channels of distribution into one seamless customer experience has been of particular interest to the company. Staples uses various channels of distribution to address the needs of its different segments. Smaller businesses are generally served by a combination of retail stores, catalog, and the Internet. Retail operations focus on serving the needs of consumers and small businesses, whereas the catalog and Internet operations focus on customers who need delivery of their office products and other specialized services.The typical Staples retail store has approximately 7,000 stock-keeping units (SKUs), but Staples.com offers about 45,000 SKUs. Staples believes that the Internet channel has helped it to increase its sales while reducing its overhead costs. It has developed three stand-alone websites: Staples.com, a public website; Quill.com, an ecommerce site for medium-sized businesses; and StaplesLink.com, a secure, customized, ecommerce procurement website for large customers who have contracts with Staples.
In addition, the company has placed Staples.com kiosks in its stores so that customers can make purchases of any product, even if it is not stocked in the store. Customers can pay for these purchases at the register or through Staples.com and have the product delivered to their homes or businesses. This multichannel approach allows Staples to increase its productivity by stocking only fast-moving items in stores but not sacrificing product availability.
Finally, Staples has taken charge of the office supplies aisle in some grocery stores, selling a subset of its products to grocery shoppers. In doing so, it extends the reach of its brand beyond its own stores

Answers

Staples has expanded its business-to-business efforts to sell to companies such as Wells Fargo or IBM.

Staples has to expanded its business- to- business B2B  sweats to  all the vend to companies  similar as the Wells Fargo and IBM. B2B deals involve dealing  products and services to other businesses, rather than to individual consumers. This can also involve the dealing  office  inventories,  cabinetwork, electronics, or other products in bulk to larger companies. Staples ’ B2B  sweats, which include an online store, a  devoted deals  platoon, and  acclimatized services, allow larger businesses to  pierce Staples ’ products and services more  snappily and  fluently than they could through a retail store.

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In 2011, median family income in the United States was $60,974 ... Today, the wealth of the average U.S. family is about a. $17,000. b. $37,000. c. $77,000.

Answers

In 2011, the American median household income was $60,974. Today, the wealth of the average U.S. family is about, $77,000. Hence the correct option is (c).

The average wealth of U.S. families varies widely depending on factors such as property ownership, investments, and savings. According to Federal Reserve's Survey of Consumer Finances, the median net worth of a family in the United States was around $748,800 in 2019, and the mean net worth of a family was around $1,066,800, however, it's important to note that the wealth tends to be highly concentrated among a small percentage of the population. The Federal Reserve's Survey of Consumer Finances (SCF) is a triennial survey that provides detailed information on the balance sheets, income, and demographic characteristics of U.S. households. The survey is conducted by the Federal Reserve Board and is based on a representative sample of U.S. households.

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in the context of the vertical structure of a firm, which of the following is true of delegation?

Answers

In the context of the vertical structure of a firm, 'it entails getting work done through others' is true of delegation.

If a firm has a triangular top-down structure called a vertical organisation, with a CEO, president, or owner at the top, managers and supervisors in the centre, and regular employees at the bottom. As the company's owner, you would determine all of the important criteria for marketing, sales, and customer service before communicating them to your middle management.

These managers would subsequently be in charge of informing your staff about the work procedures that will result in the desired results. The term "vertical" describes an organisation that functions top-to-bottom, meaning that employees are neither obliged nor expected to participate in decisions you make about how the business is run.

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Why is market equilibrium important?

Answers

Equilibrium is essential for a market to be both efficient and balanced. If a market's equilibrium price and quantity are present, it has no incentive to change.

Why is Market Equilibrium important?

The needed response for the general Market Equilibrium inquiry has increased over time. We now require a far more comprehensive answer. To achieve market equilibrium and maintain a constant price, quantity demanded and quantity supplied must be equal. Equilibrium occurs when there is a precise balance between the quantity that customers want to buy and the quantity that businesses want to supply and there is no tendency for prices to change. Pricing is the reason why a market reaches equilibrium. Even while a market will never begin in equilibrium, price changes cause it to move toward that condition.

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What are the two types of regulatory policies?

Answers

Distortionary Fiscal and Regulatory Policies.

Regulatory coverage refers to restrictions governments impose on corporations to assist create a honest and environment friendly market.

What is an instance of regulatory policy?

Regulatory policy guides agencies' rulemaking agendas. It has been used to create many of our most valued public protections, such as the elimination of lead from gasoline, the ban on arsenic in ingesting water, or the set up of airbags in cars

Why are regulatory policies important?

The government creates regulatory insurance policies to make certain that these industries function in a sustainable manner and their negative externalities are minimized. The strength sector, the monetary sector, and the healthcare region are some of the most closely regulated sectors of the economy.

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Comprehensive Problem: Parts 1-3
1. COMPPRO.01.01.PART.1
Accounting
1. Comprehensive Problem 1
Part 1:
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below:
11
Cash
32
Retained Earnings
12
Accounts Receivable
33
Dividends
14
Supplies
41
Fees Earned
15
Prepaid Rent
51
Salary Expense
16
Prepaid Insurance
52
Rent Expense
18
Office Equipment
53
Supplies Expense
19
Accumulated Depreciation
54
Depreciation Expense
21
Accounts Payable
55
Insurance Expense
22
Salaries Payable
59
Miscellaneous Expense
23
Unearned Fees
31
Common Stock
The post-closing trial balance as of April 30, 20Y8, is shown below:
Kelly Consulting
Post-Closing Trial Balance
April 30, 20Y8
Account No.
Debit
Credit
Cash
11
22,100
Accounts Receivable
12
3,400
Supplies
14
1,350
Prepaid Rent
15
3,200
Prepaid Insurance
16
1,500
Office Equipment
18
14,500
Accumulated Depreciation
19
330
Accounts Payable
21
800
Salaries Payable
22
120
Unearned Fees
23
2,500
Common Stock
31
30,000
Retained Earnings
32
12,300
46,050
46,050
Required:
Journalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref. column of the journal at this time.) If an amount box does not require an entry, leave it blank.
May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.
Description
Post. Ref.
Debit
Credit
fill in the blank 2
fill in the blank 3
fill in the blank 5
fill in the blank 6
May 5: Received cash from clients on account, $2,450.
Description
Post. Ref.
Debit
Credit
fill in the blank 8
fill in the blank 9
fill in the blank 11
fill in the blank 12
May 9: Paid cash for a newspaper advertisement, $225.
Description
Post. Ref.
Debit
Credit
fill in the blank 14
fill in the blank 15
fill in the blank 17
fill in the blank 18
May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640.
Description
Post. Ref.
Debit
Credit
fill in the blank 20
fill in the blank 21
fill in the blank 23
fill in the blank 24
May 15: Recorded services provided on account for the period May 1-15, $9,180.
Description
Post. Ref.
Debit
Credit
fill in the blank 26
fill in the blank 27
fill in the blank 29
fill in the blank 30
May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.
Description
Post. Ref.
Debit
Credit
fill in the blank 32
fill in the blank 33
fill in the blank 35
fill in the blank 36
fill in the blank 38
fill in the blank 39
May 17: Recorded cash from cash clients for fees earned during the period May 1-16, $8,360.
Description
Post. Ref.
Debit
Credit
fill in the blank 41
fill in the blank 42
fill in the blank 44
fill in the blank 45
May 20: Purchased supplies on account, $735.
Description
Post. Ref.
Debit
Credit
fill in the blank 47
fill in the blank 48
fill in the blank 50
fill in the blank 51
May 21: Recorded services provided on account for the period May 16-20, $4,820.
Description
Post. Ref.
Debit
Credit
fill in the blank 53
fill in the blank 54
fill in the blank 56
fill in the blank 57
May 25: Recorded cash from cash clients for fees earned for the period May 17-23, $7,900.
Description
Post. Ref.
Debit
Credit
fill in the blank 59
fill in the blank 60
fill in the blank 62
fill in the blank 63
May 27: Received cash from clients on account, $9,520.
Description
Post. Ref.
Debit
Credit
fill in the blank 65
fill in the blank 66
fill in the blank 68
fill in the blank 69
May 28: Paid part-time receptionist for two weeks' salary, $750.
Description
Post. Ref.
Debit
Credit
fill in the blank 71
fill in the blank 72
fill in the blank 74
fill in the blank 75
May 30: Paid telephone bill for May, $260.
Description
Post. Ref.
Debit
Credit
fill in the blank 77
fill in the blank 78
fill in the blank 80
fill in the blank 81
May 31: Paid electricity bill for May, $810.
Description
Post. Ref.
Debit
Credit
fill in the blank 83
fill in the blank 84
fill in the blank 86
fill in the blank 87
May 31: Recorded cash from cash clients for fees earned for the period May 26-31, $3,300.
Description
Post. Ref.
Debit
Credit
fill in the blank 89
fill in the blank 90
fill in the blank 92
fill in the blank 93
May 31: Recorded services provided on account for the remainder of May, $2,650.
Description
Post. Ref.
Debit
Credit
fill in the blank 95
fill in the blank 96
fill in the blank 98
fill in the blank 99
May 31: Paid dividends, $10,500.
Description
Post. Ref.
Debit
Credit
fill in the blank 101
fill in the blank 102
fill in the blank 104
fill in the blank 105

Answers

Based on the given statement the transaction will be entered as -

May 3:

Debit = Cash $4,500

Credit = Unearned Fees $4,500

The recording of advance payment for services.

May 5:

Debit = Cash $2,450

Credit = Accounts Receivable $2,450

Recording for cash receipt on the account.

May 9:

Debit = Miscellaneous Expense $225

Credit = Cash $225

a newspaper advertisement paid in cash

May 13:

Debit = Accounts Payable $640

Credit = Cash $640

The recording of part of the debt settlement.

May 15:

Debit = Accounts Receivable $9,180

Credit = Fees Earned $9,180

entries related to services provided to clients.

May 16:

Debit = Salaries Payable $750

Credit=  Cash $750

salaries paid.

May 17:

Debit = Cash $8,360

Credit = Fees Earned $8,360

for fees earned, and cash receipts received from clients.

May 20:

Debit = Supplies $735

Credit = Accounts Payable $735

recording of supplies purchased on account.

May 21:

Debit = Accounts Receivable $4,820

Credit = Fees Earned $4,820

entry related to fees earned, May 16 - 20.

May 25:

Debit =Cash $7,900

Credit = Fees Earned $7,900

To record cash receipts from clients for fees earned, May 17 - 23.

May 27:

Debit =  Cash $9,520

Credit = Accounts Receivable $9,520

Record cash receipts received from clients on account.

May 28:

Debit = Salaries Payable $750

Credit = Cash $750

recording of salaries paid

May 30:

Debit = Miscellaneous Expense $260

Credit = Cash $260

To record payment of telephone bill for May.

May 31:

Debit = Miscellaneous Expense $810

Credit = Cash $810

recording of payment of electricity bill.

May 31:

Debit =  Cash $3,300

Credit = Earned Fees $3,300

Record cash receipts from clients for May 26 - 31.

May 31:

Debit = Accounts Receivable $2,650

Credit = Fees Earned $2,650

To record fees earned for services on account.

May 31:

Debit = Kelly Pitney, Drawing $10,500

Credit = Cash $10,500

Recording of personal use as Drawing

What is a Journal entry?

The journal entry refers to the recording of transactions from the memorandum book. This entry records the transaction as debit and credit according to the rules of the accounting entry.

It will debit all the expenses and credit all income, debit the receiver as well as credit the giver.

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How do you deal with a potential customer?

Answers

Try to handle smaller pieces of the problem one at a time if a customer approaches you with a complex or challenging issue.

Who is a customer?

A customer is the recipient of a good, service, idea, or product that they have purchased from a seller, vendor, or provider in exchange for money or another meaningful compensation. Customers that conduct business with a seller usually form customs that permit regular, continuous trading, allowing the seller to develop statistical models to improve supply chains and production procedures. Whether or not a client is also a consumer is irrelevant; the two ideas are distinct. Even though an ultimate customer could also be a consumer, they might also have purchased products for a different person to use. Consumers are not at all the same as intermediate clients. Instead, they are usually referred to as industrial customers or business-to-business customers.

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