Banks act as hubs where numerous people can pool their funds to develop substantial capital reserves.
Which type of financial firm combines funds and sells shares to the general public?An open-end investment company known as a mutual fund, which is registered with the SEC, pools money from many investors and invests it in securities like stocks, bonds, short-term money market instruments, other assets, or a combination of these, including money from many participants.
What is a reserve bank's other name?The primary beneficiaries of Reserve Bank activity are the U.S. Treasury, banks, and the general public: Since they provide commercial banks with services that are similar to those that commercial banks provide to their clients, Federal Reserve Banks are commonly referred to as "bankers' banks."
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an evolving structure for an international organization over time is normal, as the company's involvement in foreign markets increases over time. t/f
It is true that an international organization's structure typically changes over time.
How would you define organization?A cooperative group of people is known as an organization. A company, community group, NGO, or union are a few examples.A person, a group of people, a business, or the expansion of anything can all be referred to as a "organization."
What three types of organizations are there?The functional, departmental, or matrix organizational structures are used by the majority of the businesses today. Entrepreneurs must consider the advantages and disadvantages of each type before deciding which to utilize for their business.
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The potential gain for the buyer of a call option is ______, and the potential gain for the seller (or writer) of a call option is ______.
unlimited; the call premium
the call premium; the call premium
unlimited; unlimited
the call premium; unlimited
The potential gain for the buyer of a call option is Unlimited, and the potential gain for the seller (or writer) of a call option is the call premium.
Potential Gains (PCG) is the estimated percentage of a Fund's assets that may be distributed as future capital gains. PCG measures profits (or losses) that have not yet been distributed to shareholders or taxed. This key figure is particularly useful for tax planning.
Gain or "Loss" on "Disposition" shall mean the gain or loss (as the case may be) of the Partnership for federal income tax purposes, arising from a sale, exchange or other taxable disposition (including casualty or condemnation) of all or a portion of the Investment or other capital asset of the Partnership. Gain or loss resulting from any disposition of property for which there is a difference between Gross Asset Value and adjusted tax basis (as computed for tax as opposed to book purposes) shall be computed by reference to the Gross Asset Value (as reasonably Approved by the Partners) of the property disposed of (as adjusted for book purposes from time to time).
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Inventory records for Eliza Company revealed the following:Date Transaction Number of Units Unit CostMarch 1 Beginning Inventory 1,100 $ 7.20March 10 Purchase 520 7.70March 16 Purchase 398 8.30March 23 Purchase 510 9.00Eliza sold 1,900 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)Multiple Choice$5,569.$4,900.$7,920.$1,259.
Ending inventory assuming FIFO would be : (a) $5,569
Inventory is updated at the conclusion of every transaction under the perpetual inventory system. In contrast, the periodic method updates inventory at the end of each period rather than at the end of each transaction.
When we enter sales data using the perpetual method, we should also enter the cost of the goods sold.
Whichever goods are purchased first in the store will be sold first.
Whichever goods are sold last from the store are known as LIFO.
There is no first and last in the store. Weighted average. Assume that all goods arrive at the same time for this method.
Ending inventory unit = Total units available for sale - Sales unit = 2528 - 1900 = 628
Ending inventory Cost = (510 * $9 + 118 * $8.3) = $5,569.40
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True or False?
In comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders.
False, In contrast to notes, which are normally issued to a single lender, bonds are typically issued to a variety of lenders.
Term bonds are bonds that must have the entire amount paid at one maturity date. The majority of bonds call for payment of the entire amount at one maturity date.
Governments and corporations sell bonds to raise money. By acquiring a bond, you are lending money to the issuer, who promises to refund the bond's face value on a particular date and to provide ongoing, often twice-yearly, interest payments to the user.
Five categories of bonds exist: commercial, municipal, agency, cash reserves, and Treasury. Each bond has a unique set of buyers, sellers, and risk levels. You can also purchase bonds-based securities, such as bond mutual funds, if you want to benefit fully from securities.
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Which of the following might logically be reasons used in support of a value-added tax for the federal government?
A. Improve separation of revenue sources across the levels of government (federal, state, and local).
B. Provide an increased economic incentive for private saving.
C. Increase the responsiveness of the federal tax base to changes in the natural economic activity.
The incentive should emphasise the need for physical activity by informing participants of increased and funding to ensure surveillance and monitoring of the likelihood of the spread of childhood obesity. The correct response is B. Provide an increased economic incentive for private saving.
To promote children's active participation in physical activities, governments should build more parks and with better amenities. The government should put policies in place to support both public and private initiatives that educate kids and their families about the importance of a healthy diet and physical the activity.
Health and agricultural research should be more supported in order to develop new strategies for encouraging students to engage in physical activity and consume a healthy diet. Task forces should be established by the governments to carry out policies and to guarantee cooperation and efficient way adherence by the students and the schools.
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since the balance of payments is the summary of a country's financial transactions with another country, a discussion of a nation's balance of payments will need to include a discussion of: its imports and exports its long-term overseas business investments its government loans its gifts and foreign aid all of the above
The correct answer regarding the Balance of payments is all of the above that is option D.
A country with an appreciable amount of population and economy is always engaged in imports and exports. It also has a local market that is the major contributor of the economy. It also engages itself in forex reserves and loans. It also takes loans with banks and even countries for maintaining the business. All these countries expenses and details about the imports and exports are maintained in a summary account which is known as Balance of payments. It contains all the transaction summary of one country with another country including the business as well as loans.
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Last year, Maxim convinced his boss to allow him to invest in an expensive customer relationship management software package so that all customer data could be consolidated in one place. Maxim and his team worked together to research various options and choose what they all agreed was the best solution, and everyone was eager to go through the training process. Since then, however, Maxim’s team has had trouble adapting to the software, which can be cumbersome to use. And because it doesn’t have the exact features they need, team members frequently keep their own records outside the system. Maxim has encouraged his team to try harder to learn the CRM system and keep all data within it. Which cognitive bias is most likely to be influencing him in this situation?
Question 5 options:
a)
Emotion
b)
Prospect theory
c)
Overconfidence
d)
Escalating commitment
Emotion cognitive bias is most likely to be influencing him in this situation.
Cognition and Emotion is a peer-reviewed medical journal with a particular recognition on the interaction among wondering and feeling, or cognition and emotion. inside Western idea, cognition and emotion have traditionally been conceived as adversaries.
The cognitive thing is defined as how we interpret emotions and consider conditions. The physiological component is how the body reacts to an emotion. as an example, earlier than sitting an exam, your body feels sweaty, and your heart beats faster. The behavioural components is the way you explicit and show your emotion.
emotions are not innately programmed into our brains, but, in reality, are cognitive states because of the gathering of records.
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The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems.
Jan. 3 Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note.
Feb. 10 Sold merchandise on account to Bradford & Co., $24,000. The cost of the goods sold was $14,400.
13 Sold merchandise on account to Dry Creek Co., $60,000. The cost of goods sold was $54,000.
Mar. 12 Accepted a 60-day, 7% note for $24,000 from Bradford & Co. on account.
14 Accepted a 60-day, 9% note for $60,000 from Dry Creek Co. on account.
Apr. 3 Received the interest due from Trina Gelhaus and a new 120-day, 9% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account.)
May 11 Received from Bradford & Co. the amount due on the note of March 12.
13 Dry Creek Co. dishonored its note dated March 14.
July 12 Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note.
Aug. 1 Received from Trina Gelhaus the amount due on her note of April 3.
Oct. 5 Sold merchandise on account, terms 2/10, n/30, to Halloran Co., $13,500. Record the sale net of the 2% discount. The cost of goods sold was $8,100.
15 Received from Halloran Co. the amount of the invoice of October 5, less 2% discount.
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Assume this is a year in which February has 28 days.
The journal entry for the given data are:
Jan. 3
Cash 18,000
Notes Receivable 18,000
Feb. 10
Records of sales of 24,000
Stock 14,400
Cost of Products Sold 14,400
Feb. 12
Notes Receivable 24,000
Records of sales of 24,000
Apr. 3
Interest Income 720
Notes Receivable 18,000
Cash 18,720
May 11
Cash 24,000
Notes Receivable 24,000
Apr. 3
Notes Receivable 60,000
Interest Receivable 720
May 11
Notes Receivable 8,000
Cash 7,920
July 12
Notes Receivable 60,000
Interest Receivable 720
Interest Cost 720
Aug. 1
Notes Receivable 9,000
Cash 8,910
Oct. 5
Records of sales of 13,500
Cost of Merchandise Sold 8,100
Deals Income 13,500
Oct. 15
Cash 13,230
Records of sales of 13,500
Discounts Allowed 270
Clarification:
The above journal entries at first record the exchanges of Caldemeyer Co. . Here, the records engaged with every exchange are identified, debited, and credited by and large.
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when setting a digital marketing strategy, it's important to___and set meaningful goals before picking your channels.
When setting a digital marketing strategy, it's important to build customer's trust in company's brand and set meaningful goals before picking your channels.
The advertiser can conclude what the channel should achieve once the necessities of the clients have been distinguished; this choice can be reflected in the channel targets. Client needs, advertising procedure, and company system and objectives all impact channel goals.
The channel targets, notwithstanding, could prevail in circumstances where an organization is simply getting everything rolling or where a laid out organization is endeavoring to cut out another market specialty.
For example, a little maker wants to enter new business sectors. The producer's restricted rack space is a prompt test. Normally, when another item is put on the racks, space that was recently saved for rival items should be procured. The item will fizzle in the event that it doesn't get this openness.
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which of the following are control categories? (select three.) answer physical compensating operational preventative technical deterrent managerial
The examples of control categories are:
OperationalManagerialTechnicalWhat are control categories?It should be noted that Operational controls can be described as the security controls which serves as the primarily implemented and executed by people with respectto the opposed to systems.
It should be noted that controls are put in place to improve the security of a particular system however the Managerial controls which enetails the management techniques and administrative procedures) can be used in the organization.
In conclusion, the Operational controls is been done in everyday by the security team while the Technical controls which is based around software, applications, and security appliances hence control types consist of different strategies to prevent, detect, mitigate.
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Start -> A -> B -> C -> D -> E -> Finish. You have the following process information: Process A requires 10 minutes per widget. Process B does 4 widgets per hour. Process C does 4.6 widgets per hour. Process D can do 28 widgets per 8-hour shift. Process E takes 16 minutes per widget. What is the process time of the system? minutes per widget. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12.) Which process is the bottleneck? If you tied yourself to a widget just as it started Process A, how many minutes later would you find yourself done with Process E? minutes. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12. Hint: this is another way of asking for the throughput time.) Would it help make more widgets per day if we could speed up Process A by one minute per widget? . (Please enter yes or no). Say we didn't end up changing Process A after all. If we could speed Process D up by 5 minutes per widget, what would the new process time of the system be? minutes. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12.) Say we did speed up Process D by those 5 minutes per widget. Where is the bottleneck of the system now?
The process time of the system is 19 minutes per widget.
A widget is a comparatively straightforward and easy-to-use computer code application or element created for one or additional totally different computer code platforms. A table accent or applications programme is an example of a widget, complete computer programme, in distinction with a additional complicated application like a computer programme or applications programme.
A bottleneck is a method in an exceedingly chain of processes, such its restricted capability reduces the capability of the complete chain. The results of having a bottleneck ar stalls in production, provide buy in, pressure from customers, and low worker morale.
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In breakeven analysis, the costs that change with the level of production are considered ________ costs. a. variable b. recoverable c. labor d. fixed
In breakeven analysis, the costs that change with the level of production are considered variable costs.
Break-Even Point: The quantity of units that must be sold in order to provide a loss (but will recover all associated costs). The breakeven point, in other words, is the point at which your product stops costing you money to produce and sell and begins to make money for your business.
JavaScript can be used to resolve several other related managerial decision challenges, like:
price level determination and its sensitivity
assessing the financial attractiveness of various strategic options for your organization by aiming for the "optimal" values for the variable and fixed cost combinations.
You can better comprehend the idea of the breakeven point by looking at the analysis in the following graphic. The following formula, however, allows for a quicker and more precise determination of the breakeven point:
Break-Even Point = Fixed Cost / (Unit Price - Variable Unit Cost)
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recently the canadian dollar realized an unexpected appreciation in value. which of the following actions being considered by tall timber exports, a canadian logging firm specializing in exporting raw forest products, would be considered a highly unlikely response to the appreciation of the canadian dollar? A. Tall Timber Exports might raise export prices only slightly in an effort to increase market share. B. Tall Timber Exports might lower export prices in an effort to maintain market share. C. Tall Timber Exports might leave export prices as they are and wait to determine what actions to take if any in the future. D. all of the above
The correct answer to the given question is option A) Tall Timber Exports might raise export prices only slightly in an effort to increase market share.
The percentage of a company's industry's total sales that it generates is known as market share. By dividing the company's total sales for the time period by the industry's total sales for the same time period, market share is determined. This indicator is intended to provide a broad understanding of a company's size in relation to its market and competitors. The business having the biggest market share is the market leader in a given sector. Market Share = Total Company Sales / Total Industry Sales, according to the formula
A business can increase by providing clients with cutting-edge technology, fostering customer loyalty, appointing brilliant staff, and acquiring rival businesses.
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Which one of the following statements related to WACC is correct for a firm that uses debt in its capital structure?
The WACC will decrease as the corporate tax rate decreases.
The WACC should decrease as the firm's debt-equity ratio increases.
The weight of equity is based on the number of shares outstanding and the book value per share.
The WACC will remain constant unless a firm retires some of its debt.
The weight assigned to preferred stock decreases as the market value of the stock increases.
The WACC should decrease as the firm's debt-equity ratio increases. This is the correct answer to the given question.
Let us understand WACC
WACC stands for weighted average cost of capital for a corporation. In any business, capital markets (both debt and equity) expect returns proportionate to the perceived riskiness of their investments, according to the weighted average cost of capital study.
The average rate of return a business is anticipated to provide to all of its shareholders, including debt holders, equity investors, and preferred equity investors, is known as the weighted average cost of capital (WACC). WACC Formula equals [Cost of Equity*% of Equity] plus [Cost of Debt*% of Debt*(1-Tax Rate)].
WACC is the cost of generating an extra dollar of revenue. For instance, a WACC of 5% suggests that the business needs spend on average $0.05 to obtain an extra $1. It's possible that the $0.05 represents the interest paid on debt or the dividend or capital return demanded by private investors.
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Which of the following Actions should the ccntr.il bank take if monetary authorities want to reduce the supply of money to slow the rate of inflation? Increase taxes, reducing costs and causing prices to fall Buy government bonds, reducing money supply, increasing interest rates, and slowing aggregate demand. Sell government bonds reducing money supply increasing interest rates and slowing aggregate demand. Decrease the discount rate lowering interest rates and causing both costs and prices to fall.
The Fed can increase the plutocrat force by bringing down the reserve conditions for banks, which allows them to advance further plutocrat. Again, by raising the banks' reserve conditions, the Fed can drop the size of the plutocrat force.
Central banks use several unique styles to increase or drop the quantum of plutocrats in the banking system. These conduct are indicated to as financial approach. While the Federal Reserve Board — generally indicated to as the Fed — could publish paper currency at its discretion with an end thing to increase the quantum of plutocrat in the frugality, this isn't the measure used, at least not in the United States.
The Federal Reserve Board, which is the administering body that manages the Federal Reserve System, oversees all domestic financial arrangement. They're frequently indicated to as the Central Bank of the United States. This means they're generally considered responsible for controlling affectation and managing both short- term and long haul interest rates. They make these opinions to strengthen the frugality, and controlling the plutocrat force is an important instrument they use.
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Rod wasn't expecting much from the painters that came to his house. True to form, they did not do a good job and confirmed his low-performance expectations. Rod is most likely experiencing _____.
Rod had low expectations for the painters who visited his home. They performed poorly, as expected, and met his low expectations for performance. Most likely, Rod doesn't feel satisfied.
What is house?A house is a type of single-family home. Its complexity can range from a simple hut to a sophisticated building made of wood, concrete, masonry, or another material and equipped with plumbing, electrical, heating, ventilation, and air conditioning systems. To prevent precipitation from entering the living space, such as rain, houses use a variety of roofing systems. Homes may feature doors or locks to secure the living area and safeguard its occupants and possessions from trespassers or other intruders. In Western cultures, the typical modern home will have a living room, a kitchen or cooking area, one or more bedrooms, and bathrooms. Either the dining space is blended into another room or there is a separate dining room in a home.
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people believe they own and have a right to control their private information. people control their private information through the use of personal privacy rules. when others are told or given access to a person's private information, they become co-owners of that information. co-owners of private information need to negotiate mutually agreeable privacy rules about telling others. when co-owners of private information don't effectively negotiate and follow mutually held privacy rules, boundary turbulence is the likely result.
Disclosure makes a co-owner and confidant: A person's private information is shared with others when they are informed about it or learn about it.
When co-owners of personal information don t effectively negotiate or follow privacy rules what occurs?
Co-owners of private information must come to mutually acceptable privacy standards on sharing that information. 5. Boundary turbulence is likely to occur when co-owners of private information fail to successfully negotiate and adhere to mutually held privacy norms.
Someone makes another person a co-owner of the information when they decide to disclose private information to them. Co-ownership entails guidelines, obligations, and rights that must be agreed upon both the party disclosing the information and the party receiving it.
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partners must, in good faith, work for the benefit of their partnership and refrain from taking any kind of action that would undermine the partnership. this is known as the partners' .
Partners must, in good faith, work for the benefit of their partnership and refrain from taking any kind of action that would undermine the partnership. this is known as the partners fiduciary duty.
A partnership is an arrangement wherein events, called commercial enterprise partners, comply with cooperation to strengthen their mutual interests. The partners in a partnership can be people, businesses, hobby-based totally companies, faculties, governments or combos.
A partnership is a shape of business wherein or extra human beings proportion ownership, as well as the obligation for managing the employer and the earnings or losses the business generates.
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in an investment center, the manager has responsibility and authority for making decisions that affect
The manager of an investment center is in charge of and has the power to make decisions that have an impact on costs, revenues, and assets.
In which organisation is manager is in charge of costs, revenues, and assets?An organizational division in charge of expenses, income, and asset investments is known as an investment center. Decisions on the investment of assets are made by investment center managers. Investment centers are frequently handled like independent companies. In the workplace, taking responsibility is crucial since it demonstrates your professionalism, opens up career opportunities, fosters professional relationships among coworkers, and demonstrates to management your value as a worker. a division of an organization in charge of expenses, income, and capital expenditures.
Decisions on the investment of assets are made by investment center managers. The daily buying and selling of securities, portfolio monitoring, transaction settlement, performance evaluation, regulatory and customer reporting, and other tasks related to managing client portfolios may all be handled by an investment manager.
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As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?A) The cost of production falls.B) The amount of marketing expenditures decreases for each firm.C) The demand curve for each seller's product becomes more horizontal.D) Each seller's demand becomes more inelastic
As the degree of product differentiation increases among the products sold in a monopolistically competitive then each seller's demand becomes more inelastic.
Therefore, correct answer is (D) Each seller's demand becomes more inelastic.
'What is inelastic demand?'
When a good or service's price fluctuates, its inelastic quantity remains constant.When the cost of a good or service increases, consumers' purchasing patterns essentially remain the same, and when the cost decreases, consumers' purchasing patterns similarly remain stable. This is known as inelastic demand.The demand for a good or service would not fluctuate independent of price if it were perfectly inelastic, but neither of these things exists.The difference between elastic and inelastic is that the latter experiences considerable variations in demand when the price changes.While luxury commodities like cruises and expensive watches are thought to be elastic, necessities like prescription drugs are thought to be inelastic.know more about demand here
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If the exchange rate between the Japanese yen and the U.S. dollar changes from 90 yen per dollar to 95 yen per dollar, which of the following is true?
a) The U.S. dollar appreciates against the yen and Japanese imports become more expensive in terms of dollars.
b) The U.S. dollar appreciates against the yen and Japanese imports become less expensive in terms of dollars.
c) The U.S. dollar depreciates against the yen and Japanese imports become more expensive in terms of dollars.
d) The U.S. dollar depreciates against the yen and Japanese imports become less expensive in terms of dollars.
b) The U.S. dollar appreciates against the yen and Japanese imports become less expensive in terms of dollars is the correct option.
The U.S. dollar has been transferring broadly better due to the fact may 2022 as the united states financial recuperation ramps up and because the Federal Reserve started out to rein in assist for the economy. The USD (united states of america dollar) is the reputable currency of the usa of the united states. the usa greenback, or U.S. dollar, is made from a hundred cents. it's miles represented with the aid of the symbol $ or US$ to distinguish it from other greenback-based totally currencies.
it's miles government-issued money that isn't always lower back via a product consists of gold or silver. It offers important banks more have an impact on over the government as they could regulate how a lot cash is created. the majority of modern-day paper currencies, including the U.S. greenback, is fiat foreign money. it's miles a medium of alternate that needed to outline as cash, typically by way of authorities law. It proposes as a substitute for paper foreign money and representational currency.
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Corporations are prohibited from giving more than 10 percent of their income for philanthropic purposes. True False
The act of corporations giving to charity; involves making monetary donations, supplying goods and equipment, and supporting the voluntary work of staff members. Concern for the wellbeing of society as a whole extends beyond what is required by law or contractual duties for enterprises.
A company has a duty to give back to society, which is known as social responsibility. As they make important choices, forward-thinking businesses carefully evaluate the goals of all stakeholders—groups that are interested in their performance and activities. Companies will often match the charitable contributions that their staff members make to nonprofits. Grants for Volunteers: Businesses provide money to groups where their workers frequently volunteer. A firm or business supporting the wellbeing of others via philanthropic gifts of money or time is said to be engaging in corporate philanthropy. On average, the businesses who answered donate 1% or less of their pretax profit to charity. According to the National Center for Charitable Statistics, most Americans who contribute generally donate between 2% and 3% of their income to NGOs. This is not an exact comparison.
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at the beginning of the year, the stockholders' equity section of the balance sheet of solutions corporation reflected the following: common stock ($12 par value; 82,000 shares authorized, 48,000 shares outstanding) $ 576,000 additional paid-in capital 123,000 retained earnings 756,000
Common shares ($576,000) ($30,000 x 60% x 12) +$360,000 $120,000 more was paid in capital. Retained earnings ($364,000) = ($580,000 - (30,000 x 60% x 12)).
What does the balance sheet's section on stockholders' equity mean?The balance sheet account for stockholders equity, sometimes referred to as shareholders equity, is made up of share capital plus retained earnings.
What distinguishes the shareholders equity portion of a corporate balance statement from that of a corporation with a single owner?The ownership of investors is represented by stockholders' equity. Due to the fact that there is just one owner, there are differences between this and a single-owner business. The sole owner can determine the value of the company over which they still have control by adding up all of the assets and liabilities on the balance sheet.
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Using the 4 C's, we consider a variety of costs associated with the purchase of a product. Cost in the Four C's model is similar to ________using the Four Ps. a). price b). place c). promotion d). product
We take into account a range of expenses related to the purchasing of a product using the 4 Cs. The Four C's model of cost is similar to price using the Four Ps.
The four Ps of product, pricing, place, and promotion allude to the goods your business sells and how to convince customers to buy them. Stakeholders, costs, communication, and distribution channels are all various facets of how your business operates and are collectively referred to as the "4Cs."
Pricing experts frequently employ the four Cs to define a price: the consumer, costs, competition, and constraints. The ideas center on the consumer's requirements and wants, the expense of meeting those needs and wants, and the ease of purchasing the goods. The marketing mix is another name for the four Cs.
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George has a warehouse buidding worth 1 million dollars with an adjusted basis of $400,000. He wishes to acquire another warehouse building of similar value in another area where trucks could more easily park and load/unload merchandise. In order to avoid currently recognizing gain on the sale of his warehouse, George should: O Sell his bullding for 1 million now, and immediately use the proceeds to buy a new bulding. O Sell his bulking now and buy a new like kind building in the next tax year O Exchange his building for one of like-kind. O Sell his building and put the proceeds in a separate bank account to use the proceeds to purchase a new building in the next tax year.
If George wants to avoid currently recognizing gain on the sale of his warehouse, he should C. Exchange his building for one of like-kind.
How can exchanging help avoid gain recognition ?Using a like-kind exchange, which is a tax-deferred transaction, it is possible to sell one asset and buy another one that is comparable to it without having to pay capital gains tax on the sale of the first asset.
Simply put, capital gains tax is not due on a property until after it has been sold and the proceeds have not been reinvested. In essence, this permits the deferral of any taxable gains on the property that is initially sold rather than their avoidance. A 1031 exchange requires both properties to be owned for investment or business purposes and to be domestically situated.
George should exchange his building for one of like-kind if he wants to prevent now recording gain on the sale of his warehouse.
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Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevant data are summarized below:
Contract amount $ 2,550,000 Cost: 2020 1,100,000 2021 500,000 Gross profit: 2020 650,000 2021 300,000 Contract billings: 2020 1,275,000 2021 1,275,000 ADH recognizes revenue upon completion of the contract.
In its December 31, 2020, balance sheet, ADH would report:
Multiple Choice
The contract asset, contract amount in excess of billings, of $1,275,000.
The contract asset, deferred profit, of $300,000.
The contract asset, cost and profits in excess of billings, of $475,000.
The contract liability, billings in excess of cost, of $175,000.
The correct answer is The contract asset, cost and profits in excess of billings, of $475,000.
This answer is correct because on December 31, 2020, ADH had cost and profits in excess of billings of $475,000 ($1,100,000 in cost in 2020 and $650,000 in gross profit in 2020 minus the $1,275,000 in contract billings in 2020). This amount would be reported as a contract asset on the balance sheet.
A contract asset is an entity's right to consideration in exchange for goods or services that the entity has transferred to a customer.
Assume, for instance, that you are a supplier and you have provided some of the agreed-upon services or items, but that you still have some obligations to fulfil before you may charge the client. A contract asset is what results from partial performance.
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you are in charge of making sure the it systems of your company survive in case of any type of disaster in any of your locations. your document should include organizational charts, phone lists, and order of restore. each business unit should write their own policies and procedures with guidelines from corporate management. which of the following documents should you create for this purpose?
You are in charge of making sure that the IT systems of your company survive in any case of disaster in any of your locations. A business continuity plan (BCP) should be created for this purpose.
A mechanism for protecting against and recovering from potential risks to a business is called a business continuity plan (BCP). In the case of a disaster, the plan makes sure that people and property are safeguarded and can operate rapidly. BCPs should be evaluated to make sure there aren't any vulnerabilities that need to be found and fixed.
BCP is a crucial component of the firm's risk management strategy since it entails defining all hazards that may have an impact on the business's operations. Businesses are vulnerable to a wide range of catastrophes, from minor to severe. Business continuity plan is often intended to assist an organisation in carrying on operations in the case of significant calamities like fires.
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When Jamie sees the RFP issued by one of his customers, he is concerned that the company has changed its specifications since it placed a previous order with him. His company's products do not meet the new specifications. In this situation, being the current vendorwill probably not be an advantage in getting the new order.
In the given case, Jamie will probably not be an advantage in getting the new order.
A request for proposals is a document that asks prospective suppliers to submit business bids. This request is frequently issued through a bidding procedure by an organization or company interested in purchasing a good, service, or valued asset.A request for proposal (RFP) is a procurement document that announces and details a project or purchase request. Its goal is to elicit bids from qualified vendors. RFPs are used in the procurement process by almost all public organizations and a large number of private businesses.To know more about Business bids here
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the marketing activity that deepens relationships and expands the reach of and reliance on what you offer belongs to which of the following relationship stages?
(Option C) Retain. The marketing activity that deepens relationships and expands the reach and reliance on what you offer belongs to the Retain stage of the customer relationship.
Deepening Relationships and Expanding Reach Through Retention ActivitiesThe Retain stage of the customer relationship is focused on deepening relationships and expanding reach and reliance on what is offered. This stage of relationship building involves activities such as:
Creating loyalty programsProviding stellar customer serviceOffering ongoing customer educationAll of these activities are designed to increase customer loyalty, trust, and satisfaction with the brand, creating a lasting relationship between the customer and the company. By engaging in activities that deepen relationships and expand reach and reliance on the products and services offered, the company can ensure that customers will remain loyal and continue to purchase products and services.
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A market maker in ABCD stock is currently quoting the stock in the OTCBB at: $42.00 Bid (500 shares); $43.00 Ask (1,000 shares)
If the market maker receives a customer order to sell 800 shares of ABCD at $42.50, the market maker:
As per the stock price, if the market maker receives a customer order to sell 800 shares of ABCD at $42.50, then the market maker must update its quote to: $42.00 Bid (500 shares); $42.50 Ask (800 shares)
The term stock price in accounting is defined as a security that represents the ownership of a fraction of the issuing corporation.
Here we need to identify the quote of the market maker if the market maker receives a customer order to sell 800 shares of ABCD at $42.50.
Here we have the Customer limit orders that are better priced than the current quote must be displayed in the marketplace.
And here we also know that the dealer is currently offering the stock at $43.00 and this is the price at which he is willing to sell up to 1,000 shares.
Therefore, this customer is willing to accept less to sell price of $42.50 for up to 800 shares, the customer's offer must be displayed in the market.
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