Below is budgeted production and sales information for Flushing Company for the month of December:
Product XXX Product ZZZ
Estimated beginning inventory 31,000 units 17,300 units
Desired ending inventory 34,800 units 15,400 units
Region I, anticipated sales 327,000 units 251,000 units
Region II, anticipated sales 183,000 units 142,000 units
The unit selling price for product XXX is $7 and for product ZZZ is $15. Budgeted production for product ZZZ during the month is
575,800 units
393,000 units
408,400 units
391,100 units

Answers

Answer 1

Budgeted production for product ZZZ during the month is 391,100 units.

Beginning inventory is that the value of a company's inventory at the beginning of an accounting amount. it's additionally the worth of inventory carried over from the tip of the preceding accounting amount. Beginning inventory is that the dollar price of all inventory command by a business at the beginning of an accounting amount, and represents all the products a business will place toward generating revenue.

Ending inventory is that the quantity of inventory a corporation has available at the top of its financial year. it's closely connected with ending inventory value, that is that the quantity of cash spent to induce these merchandise stock.

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Related Questions

____are the link between public companies and the investors interested in buying their stock.
A. Underwriters
B. Stockbrokers
C. Investment B
D. Account Managers

Answers

Underwriters are the link between listed companies and investors interested in buying shares

What do underwriters do?

Underwriters are financial professionals who examine your finances and assess how much risk you're willing to take if a lender decides to extend a loan to you. More specifically, insurers evaluate your credit history, your assets, the amount of loan you're applying for, and how well they believe you'll be able to repay the loan.

Does underwriter make the final decision?

Mortgage Assumption is the process by which a lender confirms the eligibility of a mortgage. The underwriter will also ensure that your property meets the loan criteria. Underwriter is the final arbiter on whether a loan is approved.

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A mixed cost has:
only variable cost components, both within and outside of the relevant range.
either fixed or variable cost components, but not both.
both fixed and variable cost components.
only fixed cost components, both within and outside of the relevant range.

Answers

The right answer is option (c). Both fixed and variable costs are included in a mixed cost.

What is covered by the mixed cost?

Semi-variable costs, semi-fixed costs, or mixed costs are terms used to describe costs that combine fixed and variable components. Costs are fixed until a specific amount of output or consumption, at which point they become variable costs.

A cost is said described as being mixed if it includes both fixed expenses and variable charges. This implies that while certain costs remain constant, others might. Alternative name for a mixed cost is indeed a semi-variable cost. Knowing the fixed and variable costs is necessary to calculate the mixed cost. The total of the variable and fixed costs is then determined.

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If a company uses the allowance method for uncollectible accounts, a write-off of $800 will
decrease Allowance for Doubtful Accounts by $800.
increase Bad Debts Expense by $800.
decrease Bad Debts Expense by $800.
increase Allowance for Doubtful Accounts by $800.

Answers

If company uses allowance method for uncollectible accounts, write-off of $800 will debit to the allowance for Doubtful Accounts for $800 and credit to the Accounts Receivable for $800.

What is Accounts Receivable?

Accounts receivable are legally binding demands for payment that a company holds for goods delivered or services rendered that clients have requested but have not yet paid for. They typically take the form of invoices that a firm issues and sends to the client for payment within a predetermined time limit. These can be contrasted from notes receivable, which are obligations established by formal legal documents called promissory notes. In the event that an account receivable is due within a single fiscal year or calendar year, it is categorized as a current asset. You must debit a receivables and credit a revenue account to create a journal entry for a sale made on credit. One debits cash and credits a receivable inside the journal entry when the customer settles their accounts.

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Which of the following would be the theoretical outcome of contractionary fiscal policy in the following aggregate demand aggregate supply model, where LRAS is long-run aggregate supply and SRAS is short-run aggregate supply? Price level Real GDP 2 g = 4 a. The aggregate demand (AD) curve would shift from AD, to AD, b. The short-run aggregate supply (SRAS) curve would shift from SRAS to SRAS. c. The short-run aggregate supply (SRAS) curve would shift from SRAS, to SRAS. d. The aggregate demand (AD) curve would shift from AD to AD, at the same time that the SRAS curve would shift from SRAS, to SRAS. e. The aggregate demand (AD) curve would shift from AD to AD

Answers

In such a case the aggregate demand (AD) curve would shift from AD1 to AD2.

A contractionary fiscal policy lowers government spending or raises taxes to lower the total level of demand in the economy. A change from AD1 to AD2 in the aggregate demand (AD) curve can be used in the model to illustrate this. A decrease in the total amount of demand in the economy is shown when the AD curve swings to the left. A fall in government spending, an increase in taxation or a decline in consumer or company confidence are just a few causes.

Theoretically, this will result in a drop in both the price level and real output. This is so that businesses can try to sell their products by lowering their pricing and production in response to a decline in demand. The short-run aggregate supply (SRAS) curve will shift to the left as prices decline and real output declines, and the economy will move from the point of intersection between SRAS and AD1 to the point of intersection between SRAS and AD2. Thus, Real output and price level will decline. In the long run, the economy's position on long-run aggregate supply (LRAS) curve will revert to its initial value, and real output and price levels will do the same.

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appraiser jessica wants to determine the estimated reproduction cost of a subject building using the index method. to do this, she takes the index factor and multiples it by the .

Answers

The fundamental calculation for the cost approach is as follows: Property Value = Land Value + Cost New - Depreciation. It makes use of the substitutional principle.

Simply said, the cost of purchasing a replacement or something comparable affects the price someone is ready to pay for a property. This is the discrepancy between the property's overall development costs and its finished market value. Three methods are used in cost estimation: Quantitative principle; Unit-in-place; Comparative (unit of area or volume). When using the index technique, a property's initial construction cost is multiplied by a multiplier that was determined based on the rate at which construction costs have increased since the property was erected.

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burrito king (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fast-food establishments. the burro-master 9000 requires a constant 50 seconds to produce a batch of burritos. it has been estimated that customers will arrive at the drive-up window according to a poisson distribution at an average of one every 65 seconds. to help determine the amount of space needed for the line at the drive-up window, answer the following questions.

Answers

The average length of a car is approximately 14.7 feet. Car sizes vary depending on manufacturer and model, but standard automobiles and trucks are typically between 10 and 18 feet long.

A midsize sedan is about 14 feet long, while a smaller car, like a Mini Cooper, is about 10 feet long. A typical car has approximately 30,000 parts. From welding to full engine  average length to painting, it takes automakers about 18 to 35 hours to produce one mass-market vehicle once those parts are manufactured and brought to the final production line. When following a vehicle, you should travel three seconds behind the vehicle in front to allow enough time to avoid a collision

The que was incomplete the complete que is this:

To help determine the amount of space needed for the line at the drive-up window, answer the following questions.

a. What is the average length (in cars)?

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additional information a $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. the only changes affecting retained earnings are net income and cash dividends paid. new equipment is acquired for $74,600 cash. received cash for the sale of equipment that had cost $65,600, yielding a $3,700 gain. prepaid expenses and wages payable relate to operating expenses on the income statement. all purchases and sales of inventory are on credit.

Answers

Statement of Cash Flows for the Year Ended June 30, 2018 for IKIBAN INC. Flows of money from operations Net Income: 147,510 dollars adjustments to balance the income statement and net income.

The sources of the company's cash inflow and the specifics of its cash outflow are shown in the statement of cash flow. Cash flow statements are made using direct and indirect methods. The three primary components of the cash income statement are the cash flow from operating activities, the cash flow from investing activities. The term "cash flow from operating activities" refers to the money made from ongoing, routine business operations.

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U.S. was at macro equilibrium and full-employment Qf and P1. The U.S. goes to war, government spending increases.
Which way will aggregate demand move? _____(increase or decrease)
What macroeconomic problem arises _____(e.g. unemployment, inflation, slow growth)
If the fed uses OMOs, they must _____(buy or sell) bonds to fix these macro problem(s) and get aggregate demand back to Full-Employment.

Answers

a) Aggregate demand would increase.

b) Inflation would occur.

c) If the uses OMOs, they must sell bonds to fix the macro problems.

Government spending is the phrase for the amount that a nation's administration uses to support its people. The tax money collected from the populace is the main source of equilibrium source money used by the ruling party.

Both macroeconomic equilibrium and macroeconomic policy refer to the state of a larger economic system. Despite macroeconomic equilibrium, the stock market crashes.

a) A market crash would damage consumer and corporate confidence. Demand overall will slant to the left.

b) Slow growth will result from lower demand. In this case, inflation is unlikely.

c) To increase demand, the Fed will have to decrease interest rates. It will have to purchase bonds on the open market in order to cut interest rates.

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Which of the following is not an example of effective conflict resolution:
Group of answer choices
Project manager decides
Consensus among peers
Higher-level manager decsion/involvement
Utilization of a board of experts

Answers

Project manager decides is not an example of effective conflict resolution.

Which approaches to conflict resolution are most effective?

Discussing needs that aren't being satisfied on both sides requires that both parties agree on what the problem is. Become as knowledgeable as you can about the perspectives of each side. When you're sure that everyone in the conflict understands the situation, stop asking questions.

What is the best method for resolving disputes?

The objective is to reach a shared understanding of the problem, the part that each person is playing in the conflict, and what some potential solutions might be. This is a time for brainstorming, listening skills, and being open to diverse ideas.

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mosha realizes that he is coming dangerously close to burning out on his job as a cpa for a large manufacturing company because of the conflicting demands of his job. consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. this behavior is an example of which of the following coping strategies?

Answers

The correct Option is A. problem-centered coping, The goal of problem-centered coping is to identify the underlying causes of tension in order to manage tension- or stress-related disorders.

In order to manage tension or stress-related concerns, problem-centered coping looks for the root of the tension. In this instance, the person employed this coping mechanism to get by at work after realising that the conflicting demands of his position were very close to driving him to burnout. In this kind of coping mechanism, the person looks for assistance in resolving the issue and withdraws from the stressful situation while simultaneously attempting to eliminate the source of the discomfort.

Mosha realizes that he is coming dangerously close to burning out on his job as a CPA for a large manufacturing company because of the conflicting demands of his job. Consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. This behavior is an example of which of the following coping strategies?

a. problem-centered coping

b. appraisal-centered coping

c. instrumental support

d. emotion-centered coping

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if a security plots below the security market line, it is: offering too little return to justify its risk. a defensive security, which expects to offer lower returns. underpriced, a situation that should be temporary. ignoring all of the security's specific risk.

Answers

If a security plots below the security market line, it is offering too little return to justify its risk.

An illustration of the capital asset price concept is the security market line. It shows how systematically non-diversifiable risk affects the expected rate of return of a single investment. An undervalued investment is one that is charted above the SML. Security is overpriced below the line. The CAPM is a tool that fundamental analysts use to identify risk premiums, assess company finance decisions, find cheap investment possibilities, and compare businesses across industries.

The securities market helps the economy allocate financial resources in an effective manner. Savings/investors may use a lot of time and money looking for people, businesses, and governments that provide good investment prospects if there were no securities market.

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Income mobility refers to the movement over time of ______.
a) households from one job location to another
b) households from one income quintile to another
c) nations from one income quintile to another
d) households from one income source to another

Answers

Income mobility refers to the movement over time of  households from one income quintile to another

Economic mobility refers to a person's, family's, or other group's capacity to raise (or reduce) their economic standing; it is typically quantified in terms of income. Movement between income quintiles is a common metric used to measure economic mobility. Social mobility, which is frequently gauged by changes in income, can be thought of as a subset of economic mobility.

Therefore, economic mobility refers to the opportunities that are open to a certain person. Economic mobility, however, is frequently more helpful when scaled to represent the whole opportunities in a district, city, or state. For instance, certain neighborhoods have a higher rate of upward mobility due to prior policy choices.

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taskmaster enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. taskmaster has established the following standards for the prime costs of one unit of product. standard standard quantity price direct materials 10pounds $1.98per pound direct labor 0.31 hour $11per hour during november, taskmaster manufactured 18,167 units of product during november using 152,794 pounds of direct materials and 4,841 direct labor hours.

Answers

The efficiency variance will be  $24,000.00 . It positive value show that it will be favorable.

The given data:

std quantity                  147,000.00  (7 pounds per unit x 21,000 units)

actual quantity             132000.00

std cost                                  $1.60

difference                       15,000.00

efficiency variance       $24,000.00

The difference is positive so the variance is favorable.

The variable overhead flexible-budget variance represents the discrepancy between the actual variable overhead costs and the variable overhead expenses in the flexible budget. The variable overhead efficiency variance represents the utilization efficiency of the cost-allocation base. Because more time was really put in than was necessary to produce 4,500 units in a month, Peterson Corporation's variable overhead efficiency variance is $10,000 less than it should be. The following elements might offer a helpful variable overhead efficiency variance.

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palmetto corporation realized $300,000 of taxable income from the sales of its products in states a and b. palmetto's activities in both states establish nexus for income tax purposes. palmetto's sales, payroll, and property in the states include the following: state a state b total sales $540,000 $260,000 $800,000 property $155,000 $0 $155,000 payroll $285,000 $0 $285,000 state b uses a sales-factor-only apportionment formula. in your computations, round any division to three decimal places before converting to a percentage and use rounded amounts in subsequent computations. if required, round your final answer to the nearest dollar. how much of palmetto's taxable income is apportioned to state b? $fill in the blank 1

Answers

Palmetto's taxable income is apportioned to state b is $260,000.

What is a taxable income?

The portion of your gross income that is considered taxable is what is utilized to determine the tax liability for a specific tax year. It can be generically characterized as adjusted gross income (AGI) minus allowable standard or itemized deductions. Wages, salaries, bonuses, and tips are all considered forms of taxable income, along with the income from investments and various unearned sources. Earned and unearned income are both considered to be taxable income. Earnings from sold appreciated assets, dividends, and interest income are also included in the definition of taxable income. Individual tax filers have the choice of choosing from a list of itemized deductions or the standard deduction when it comes to deductions, according to the IRS. Mortgage interest, medical costs beyond a certain threshold, and a variety of other costs are all eligible for itemized deductions.

Taxable income= $300,000-$40,000= $260,000

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presented below is the 2024 income statement and comparative balance sheet information for tiger enterprises. tiger enterprises income statement for the year ended december 31, 2024 ($ in thousands) sales revenue $ 17,000 operating expenses: cost of goods sold $ 5,400 depreciation expense 440 insurance expense 1,100 general and administrative expense 3,800 total operating expenses 10,740 income before income taxes 6,260 income tax expense (2,504) net income $ 3,756 balance sheet information ($ in thousands) december 31, 2024 december 31, 2023 assets: cash $ 700 $ 400 accounts receivable 850 1,030 inventory 870 800 prepaid insurance 170 55 equipment 3,600 2,800 less: accumulated depreciation (1,240) (800) total assets $ 4,950 $ 4,285 liabilities and shareholders' equity: accounts payable $ 400 $ 560 accrued liabilities (for general

Answers

Retained earning Opening balance $480 Add: Net income $1,452 and Less: Retained earning closing balance $640 Paid dividend $1,292.

Why do you use the word stock?

An ownership certificate for any company's stock is referred to as a stock in the generic sense. The stock certificate of a certain corporation is referred to as a share, on the other hand. You become a shareholder if you own stock in a specific business. Common and preferred stocks fall under this category.

Is investing in Bitcoin a wise choice?

The most volatile and dangerous investment is bitcoin, the biggest cryptocurrency by market cap. If you have a high risk tolerance, sound financial standing, and the ability to afford to lose any money you put in it, you should only consider it.                                                                            

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Which of the following is least likely to influence demand for a product?
Group of answer choices

The effectiveness of other marketing mix variables

The presence of substitute goods

The economic environment.

Changes in buyers' needs

Changes in manufacturing capacity in the industry

Answers

Answer:

1, Changes in buyers' needs

2. The effectiveness of other marketing mix variables

Explanation:  If you have a product then should be useful for your buyer and It should be the actual product that you are advertising.

Look I have a website visit it( Ammunition and Gun Shop) and see how it is arranged.

to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.

Answers

When you want to change cells that appear you can use conditional formatting. Conditional formatting helps you to give a sign in the value that you want. It is true.

Conditional Formatting (CF) is an element that lets you make configurations to a cell or scope of cells, and have that designing change contingent upon the worth of the cell or the worth of a recipe. Restrictive designing makes it simple to offer a hint in light of your desired qualities to feature or make explicit cells simple to distinguish. A cell range is performed in light of a condition (or models). The contingent designing is utilized to offer a hint to the cells that comprise values that meet a specific condition.

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This question is not complete , here I am attaching the complete question:

TRUE/FALSE. to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.

To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "______ ______" for bearing risk in the economy
going rate

Answers

Going rate

The Capital Asset Pricing Model is graphically represented by the security market line. It is a graph that contrasts predicted return with beta-measured systematic risk.

The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). It is employed for measurements that are mostly used in capital budgeting, the process by which businesses decide if a new investment or expansion opportunity is worthwhile. When presented with an investment opportunity, a corporation must determine if making the investment will result in net economic gains or losses for the business. A project's NPV is positive when it charts above the SML because its IRR is higher than the needed rate of return. The NPV is negative when a project maps below the SML because its IRR is lower than the needed rate of return.

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Select all that applyWhich of the following are advantages to using a standard cost system? (Check all that apply.)
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Too much emphasis on standards can impede other objectives.
Standards provide feedback that can reduce employee morale.
Standard costs can simplify bookkeeping.
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Standard costs can simplify bookkeeping.

Answers

The advantages to using a standard cost system will be standard costs can simplify bookkeeping, standards can provide benchmarks that individuals use to judge their own performance.

Standard cost systems make use of standard costs, which are the budgeted or estimated costs deemed to be necessary to manufacture a single unit of product or perform a single service. Standards are traditionally established for each component (material, labor, and overhead) of product cost.

Standard cost accounting is a traditional cost accounting method introduced in the 1920s, as an alternative for the traditional cost accounting method based on historical costs

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Review the following credit terms and identify the one that states that the buyer will receive a 3% discountil the payment is made within 15 days. Otherwise, full payment is expected within 45 days of the invoice date 3/15,1/45 O 3/10.6/45 3/15.eom/45 3/45, n/15

Answers

The complete payment is due 45 days from the invoice date, with a 3% discount if the payment is paid within 15 days is 3/15,1/45.

The purpose of a discount is to encourage or boost sales by lowering a product or service's usual price. Both manufacturers and merchants in numerous sectors employ these rebates, which are also sometimes referred to as sales or markdowns.

Discounts result in a lower product selling price, which increases its allure to buyers. Customers' psychological responses to price decreases influence them to make a buy. Cash discounts and transaction discounts are the two different types of discounts available.

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general acceptance of paper currency is equally as important as the government's decree that money is legal tender. general acceptance of paper currency is more important than the government's decree that money is legal tender. the government's decree that money is legal tender is more important than the general acceptance of paper currency. private firms and government are mandated to accept cash.

Answers

General acceptance of the paper currency is equally as important as the government's decree that money is legal tender.

Legal tender is any currency is said to be declared legal by a government. So, there are many governments who tend to issue a flat currency and then  they tend to make it legal tender thus by setting it as the standard.

There are many nations who tend to designate coins and banknotes as the legal tender, while credit cards, personal checks, and other comparable non-cash forms of payment are typically not.

Hence, legal tender is any form of payment recognized by a government.

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An increase in the money supply causes:
a. interest rates to fall, investment spending to rise, and aggregate demand to rise
b. interest rates to rise, investment spending to rise, and aggregate demand to rise
c. interest rates to rise, investment spending to fall, and aggregate demand to fall
d. interest rates to fall, investment spending to fall, and aggregate demand to fall

Answers

An increase in the money supply causes a. interest rates to fall, investment spending to rise, and aggregate demand to rise.

Hence, Option A is correct.

What do you mean by Money supply?

The entire amount of money owned by the public at a specific time is referred to as the money supply in macroeconomics. Although there are many ways to define "money," common measurements often involve circulation of money and demand deposits.The money aggregates, also referred to as M1, M2, and M3, are measurements of the US money supply. Money in circulation (M1) also includes checkable bank deposits. Savings deposits under $100,000 as well as money market mutual funds are included in M2, in addition to M1. Large time deposits in banks are added to M2 to create M3.

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In 2010, the management consultancy McKinsey published research about the difference between organizations that produced top-performing products and those that produced under-performing products. The use of ________was a striking differentiatorMarketing research

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In 2010, the management consultancy McKinsey published research about the difference between organizations that produced top-performing products and those that produced under-performing products. The use of Marketing research was a striking differentiate.

Advertising and marketing research is the systematic gathering, recording, and analysis of qualitative and quantitative records about issues referring to marketing services and products. The goal is to discover and check how changing elements of the advertising and marketing mix impact consumer conduct.

A number of the overarching desires that marketplace studies can assist organizations to accomplish, consist of making important business decisions, securing investments and investment, determining new commercial enterprise possibilities, or even fending off enterprise disasters.

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Loonis Incorporated and Rhea Company formed LooNR Incorporated by transferring business assets in exchange for 1,000 shares of LooNR common stock. Loonis transferred assets with a $820,000 FMV and a $444,000 adjusted tax basis and received 820 shares. Rhea transferred assets with a $180,000 FMV and a $75,000 adjusted tax basis and received 180 shares. Compute Loonis and Rhea's realized and recognized gain on the exchange. Multiple Choice Loonis realized and recognized $376,000 gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized $105,000 gain and recognized no gain. There is not enough information to compute realized and recognized gain.

Answers

Compute Loonis and Rhea's realized and recognized gain on the exchange there is not enough information to compute realized and recognized gain.

The profit you realise from selling an asset counts as a recognised gain. Realized gains, which describe the amount of money you made from the transaction, are different from recognised gains. The basis, or the cost at which you acquired the asset, governs the amount of profits that can be recognised. The taxable component of realised gains resulting from the sale of an asset or combination of assets is known as recognised gain. Due to the use of tax deferral strategies like 1031 exchanges and other possible tax offsets like loss carryforwards,  information to compute gains are often lower than realised gains.

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organizations that intend to keep their prices fixed, as they are content with their market share and profits, will most likely adopt a pricing objective.

Answers

Organizations that intend to keep their prices fixed, as they are content with their market share and profits, will most likely adopt a status quo oriented pricing objective.

A share, which can also refer to shares of mutual funds, limited partnerships, and real estate investment trusts, is a unit of equity ownership in the capital stock of a firm in the financial markets. The term "share capital" describes all of an organization's shares.

A shareholder of a corporation is someone who owns shares in the firm. A share represents the ownership connection between the firm and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The entire face value of issued shares is a company's capital.

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which of the following are examples of private equity firms? question 13 options: kkr blackstone morgan stanley apollo group all of the above both a and c

Answers

The answer is all of the above. KKR Blackstone, Morgan Stanley & Apollo G Group all are private equity firms.

Private equity portrays speculation organizations that purchase and oversee organizations prior to selling them. Confidential value firms work these venture subsidizes in the interest of institutional and authorize financial backers.

Private equity assets might gain privately owned businesses or public ones completely, or put resources into such buyouts as a component of a consortium. They ordinarily don't hold stakes in organizations that stay recorded on a stock trade.

Private equity is frequently gathered with investment and mutual funds as an elective speculation. Investors in this resource class are normally expected to commit huge capital for a really long time, which is the reason admittance to such speculations is restricted to organizations and people with high total assets.

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In a multiple-step income statement, income from operations excludes other revenues and gains and other expenses and losses
True

Answers

True, in a multiple-step income statement, income from operations excludes other revenues and gains and other expenses and losses

An organization's financial statement in a structure that presents revenues, costs, and expenses for a certain reporting period is known as a multi step income statement. It uses a number of formulae to calculate a company's net income and offers a more thorough description of expenses than a single-step income statement. Single-step and multi-step are the two formats for income statements. The multi-step income statement is used by businesses that sell tangible goods. The single-step structure is typically used by smaller businesses, such as sole proprietorships, partnerships, and service providers.

Operating and non-operating incomes and expenses are divided into categories in the multi-step income statement. It aids users in assessing the organization's financial performance. The users will be aware of the profit made from the main tasks of purchasing and selling things, as well as how it varies.

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Assume that banks hold no excess reserves. A decrease in the required reserve ratio will cause total reserves in banks, the money multiplier, and the money supply to change in which of the following ways?
a. Total Reserves (Increase); Money Multiplier (No change); Money Supply (Increase)
b. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Increase)
c. Total Reserves (Decrease); Money Multiplier (Decrease); Money Supply (Decrease)
d. Total Reserves (Increase); Money Multiplier (Increase); Money Supply (Increase)
e. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Decrease)b. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Increase)

Answers

If the banks holds no excess reserves and the decrease in the required reserve ratio then there is no change in total reserves, increase in money multiplier and money supply.

Hence the correct option is b.

When a dollar gets deposited in bank, the total reserve of the bank increases. In the given situation bank has no excess reserve and there is a decrease in the required reserve ratio therefore there will be no change in total reserve whereas money multiplier and money supplier will increase.

Money multiplier is the amount of money which was developed by banks through deposits excluding the amount of reserves from the deposit which must increase in the given situation.

Money supply is the amount of money which is in circulation in bank which must increase in the given situation.

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Which of the following appear at the end of the income statement?
Net income

Answers

The correct option is D ; Net income , Net income appears at the bottom of the income statement, however it only takes into account costs and revenue that were spent or generated. Large businesses, in particular, can experience profits or losses due to changes in the value of particular assets.

Revenue, costs, and net profit are all included on the income statement. The components of the income statement include: revenue; cost of sales; sales, general, and administrative expenditures;

other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

Net income is the remaining accounting profit a business has after covering all of its costs. Sales revenue is multiplied by COGS, SG&A, depreciation and amortization, interest expenditure, taxes, and any other costs to arrive at net income.

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Which of the following appear at the end of the income statement?

A. Sole Proprietorship

B. Partnership

C. Corporation

D. Net income

the major competing economic systems between 1945 and 1990 were capitalism and economic communism (e.g., reliance on state ownership, command economies, etc.).

Answers

The major competing economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.

The economic communism is a type of economic system in which individual people do not own land, machinery or factories instead of this, the government or the community owns these things like land, machinery or factories. Everyone is supposed to share the wealth that they create.

The economic communism is controlled by the community which the makes the decisions regarding the economic communism.

The economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.

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