BUSINESS HIGH SCHOOL

The Item column of the ledger account for the opening first entry for the ledger accountsshould contain the
A. word Cash.
c. account title.
B. words Opening Entry.
d. word Balance.

Answers

Answer 1
Answer:

The first item in the ledger account's Item column for the opening entry should be the account title. This provides a clear description of the account's purpose. Following entries will include transaction details.

  • The question relates to the first item that appears in the Item column of the ledger account when making the first entry for the accounting period, otherwise known as the opening entry.
  • Typically, the first item in the ledger account should be the account title.
  • This means that the correct choice would be 'c. account title'.
  • The account title provides a clear description of what the account is used for.
  • The subsequent entries would then usually involve transactional details including the date, description, debit, credit, and running balance.

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Answer 2
Answer: It's either Opening Entry or Account title following this order

Who, what, and When.
Who would be the company or the person's name
What would be if it's a balance sheet, income statement, Chart of accounts, or trial balance.
When is the date.

Example

Stockholm's Company
Balance Sheet
February 1, 2015

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Increasing and decreasing the money supply through monetary policy is generally done by __________.
According to the video, what are some decisions that Architects make? Check all that apply. how much money a building will be worth when finished what traffic patterns people will follow how people will feel when they enter or leave a building how many laborers are needed for a project where to put doors, walls, and windows what building materials to use which people will be allowed to enter a building

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:

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  • management system information
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Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, what is the greatest economic challenge that Country D is facing?

Answers

Answer:

Inflation and all are affected

Explanation:

Got it right

Final answer:

Country D is facing the economic challenge of inflation, where rising prices are not matched by wage increases, leading to a decrease in purchasing power and a potential decline in real GDP.

Explanation:

Country D is facing a significant economic challenge known as inflation. This phenomenon is characterized by the average prices of goods rising without a commensurate increase in wages, which decreases purchasing power and overall demand. This can result in a decline in Gross Domestic Product (GDP), which measures the value of output of goods and services. When only nominal GDP increases due to higher price levels, without a real increase in output, the economy isn't actually growing, and it doesn't reflect an increase in the economic well-being of its citizens.

Furthermore, the imbalance between wage growth and price increases may lead to a deceleration in economic activity, potentially indicating the onset of a recession, which is a significant decline in GDP. This economic contraction can be exacerbated by government deficits and related policy responses, such as spending cuts and tax increases that have a contractionary effect on aggregate demand.

Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, some because of physical disabilities. So they invented a voice recognition software to allow users to talk to the computer. Their ideas have become Dragon Naturally Speaking, a popular talk-to-type software application. Which of these statements describes their startup? A) Borrow heavility from existing products or services.
B) Combine two businesses to create a market opening.
C) Begin with a problem in mind or a pain you can relieve.
D) Recognize a hot trend and ride the wave.

Answers

The answer is C) Begin with a problem in mind or a pain you can relieve

A study attempted to estimate the proportion of Florida residents who were willing to spend more tax dollars on protecting the Florida coastline from environmental disasters. Forty-two hundred Florida residents were surveyed.Which of the following is the population used in the study?a) all Florida residentsb) Florida residents willing to spend more tax dollars protecting the coastline from environmental disastersc) all Florida residents who lived along the coastlined) the 4200 Florida residents who were surveyed

Answers

Answer:

The correct answer is A

Explanation:

Study is conducted in order to estimate the proportion of the residents of the Florida, who were willing to spend the dollars on protecting the coastline from the disasters.

The population is defined as the group of individuals or people who are from a specific geographical area and occupies the same species, and those are the residents of the Florida, which counted to 4200, these residents were surveyed in order to conduct the study.

Answer:

The correct answer is A

Explanation: Study is conducted in order to estimate the proportion of the residents of the Florida, who were willing to spend the dollars on protecting the coastline from the disasters.

The population is defined as the group of individuals or people who are from a specific geographical area and occupies the same species, and those are the residents of the Florida, which counted to 4200, these residents were surveyed in order to conduct the study.

You decide to work in japan for the next 10​ years, accumulate some​ savings, then move back to the united states and convert your savings from yen to dollars. at the time of your​ move, economists predict that consumers in the united states have reignited their love of japanese​ products, especially hybrid​ cars, and expect that this strong preference for japanese products will continue for the next decade. how should this influence your decision to work and save in​ japan?

Answers

You should be encouraged to work inJapan  as the growing American preferencefor Japanese goods will lead to an increase the value of the yen relative tothe U.S dollar and raise the value of your savings when converted to dollars.

Tree pruning company a charges a one-time $100 equipment fee and charges $50 for each tree that it prunes. Tree pruning company b charges a one-time $80 equipment fee and charges $60 for each tree that it prunes. Let the variable t represent the number of trees pruned and let the variable c represent the cost. For how many pruned trees will the cost be the same for both companies? which system of equations can be used to solve this problem?.

Answers

Both companies should purned 2 trees to charge the same total cost. The system of equations can be used to solved this problems are:

  • C = $100 + $50t = $80 + $60t

From the case, we know that each tree purning companies' total costs are:

Company  A cost = $100 once equipment fee + $50 per tree

Company B cost = $80 once equipment fee + $60 per tree

We can make the equation of total cost for both companies as:

Company A

c (A) = $100 + $50t

Company B

c (B) = $80 + $60

where:

c = total cost

t = number of trees

Since we want to know the number of trees when both companies's total cost are equal, we need to make both total cost equations equals.

c (A) = c (B)

$100 + $50t = $80 + $60t

$20 = $10t

t = 2 trees

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