A change from the inappropriate use or application of accounting principle in prior years to an acceptable accounting principle in the current year.
What does accounting mean in general terms?Accounting, which is frequently referred to as simply "accounting," is the process of gathering, analyzing, and disseminating financial and other data on companies and businesses.
What are the several types of accounting?It is the process of methodically documenting all of a business's financial transactions. It entails analyzing, compiling, and informing the tax authorities, agencies, and regulators of the financial transactions. A business's accounting is handled by an accountant.
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Like other business messages, reports can range from informal to formal depending on their purpose, audience, and setting. Which of the following contributes to an informal writing style? Check all that apply.
First-person pronouns
Shorter sentences
Emphasis on active-voice verbs
Conversational language
Option a is correct. The terms that contribute to an informal writing style is first-person pronouns, shorter sentences, emphasis on active-voice verbs and Conversational language.
Informal interaction amongst coworkers is known as informal communication.
It is informal in character and is based on the social bonds that establish between coworkers away from the traditional company structure.
Informal communication, also referred to as grapevine communication, helps people build social connections with one another.
It encourages morals as well as cooperation, integrity, and solidarity among them.
Grapevine communication is slower than informal communication.
In writing, the term "informal style" describes speech or writing that stands out for its easygoing, everyday, and frequently colloquial use of language.
In comparison to a formal writing style, informal writing is typically more direct and makes greater use of contractions, abbreviations, short sentences, and ellipses.
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Effective leadership can only be done through one-on-one personal contact between the manager and salesperson. T/F
True Personal one-on-one interactions between a manager and a salesperson are the only way to practice effective leadership.
In leadership, what is the two-way relationship?This is the fundamental component of management and leadership. It has nothing to do with who leads and who follows. It's about working together, adhering to a single, larger goal, and giving each other power. It is built on trust and a clear understanding of responsibilities.
What is administration in cooperation?To put it succinctly, the study of the specific interactional processes by which leadership is carried out at the micro level of interaction is referred to as leadership in interaction. The purpose of this study is to improve comprehension of the day-to-day practices that constitute leadership.
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in order to produce a commercially viable conventional oil deposit (one involving vertical drill holes and no directional drilling), there must be a source rock, a reservoir rock, a seal rock, and .'
There must be a source rock, a reservoir rock, a seal rock, and trap that denies the oil passage to the surface.
Oil and gas producers use horizontal drilling and piercing to reduce the negative effects on the surface and to bore multiple wells from a single cushion. One of the most well-known techniques in the petroleum sector, horizontal drilling may raise questions about mineral rights because drillers can access nearby mineral reserves. It was created in 1930, and along with water-driven cracking, it has revolutionized the way that energy is produced all around the world. This combination has considerably enhanced oil production, which is known as the "Shale Revolution."
A near bit stabilizer and an up hole stabilizer, which have a tendency to limit air expansion and call for fine (tiny) cuttings, are employed in gas horizontal drilling.
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The M1 money supply
a. is composed of assets that reflect the medium of exchange function of money.
b. is larger than the M2 money supply.
c. includes credit card balances since they are used to purchase things.
d. is composed of only currency.
a
The M1 money supply is made up of which of the following possibilities is listed below.
Which of the next choices is true?The assets that make up the M1 money supply represent the role that money plays as a medium of trade.
The money supply is what?The entire amount of money owned by the public at a specific time is referred to as the money supply in macroeconomics. There are many ways to define "money," but common measurements often include circulation-level money and demand deposits. M1 is the term used to describe the money supply, which is made up of cash, demand deposits, and other liquid deposits, such as savings accounts.
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when a negotiator is inexperienced or feels intimidated by the other side, he/she/they tends to group of answer choices a. over-compromise b. under-compromise
c. be quiet d. be forceful
when a negotiator is inexperienced or feels intimidated by the other side, he/she/they tends to over-compromise.
Lieutenant Danny Roman, a top hostage negotiator for the Chicago Police Department's east precinct, is told by his partner, Nate Roenick, that according to an informant whom he refuses to name, members of their own unit are embezzling large amounts of money from the department's disability fund, for which Roman is a board member. Nate informs Roman that he believes Internal Affairs may also be involved, which is why his informant hasn't informed them. Before Roman can speak to Nate, he discovers him dead in his car with a gunshot wound to the head and the glass shattered. A squad car is on the scene in a matter of seconds, with Roman being treated as a prime suspect.
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When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities?
a. Increase in accounts receivable.
b. Gain on sale of land.
c. Amortization of patent.
d. All of the above are added to net income to arrive at cash flow from operating activities.
c
1) Gain on the sale of Land is deducted from net income in the indirect method.
2) A decrease in accounts Receivable and Amortization of Patents is added to net income.
The correct option is B
Capital Gain Tax on the sale of property or land is determined on the basis of the nature of the capital gain. Long-term or short-term. While the STCG on the sale of immovable property is taxable at slab rates, the LTCG on the sale of immovable property is taxable at 20% with an indexation benefit.
Is gain on the sale of land an income?The amount by which the proceeds from the sale of land exceeded the carrying amount of the land sold. It is reported as a non-operating or "other" item on a multiple-step income statement.
How do you calculate the gain on the sale of land?Figuring Your Sale Basis and Taxes
To find your capital gain, subtract your original purchase price from the sale basis. That gain is subject to a 15 percent federal capital gains tax. Any accumulated depreciation would be taxed at 25 percent
Gain on the sale of Land is deducted from net income in the indirect method.A decrease in accounts Receivable and Amortization of Patents is added to net income. The amount by which the proceeds from the gain a sale of land exceeded the carrying value of the land sold. On a multiple-step income statement, it is reported as a non-operating or "other" item.
How do you calculate the profit from the sale of land?
Calculating Your Sale Basis and Taxes
Subtract your original purchase price from your sale basis to calculate your capital gain. This gain is subject to a 15% federal capital gains tax. Any accumulated depreciation would be taxed at 25%.
The gain on the sale of land is deducted from net income using the indirect method.
A decrease in accounts Receivable and Amortization of Patents is added to net income.
The correct option is B
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The dividend-irrelevance proposition of Miller and Modigliani depends on which one of the following relationships between investment policy and dividend policy?
A. The level of investment does not influence or matter to the dividend decision.
B. Once divided policy is set the investment decision can be made.
C. The investment policy is set ahead of time and not altered by changes in dividend policy.
D. Since dividend policy is irrelevant there is no relationship between investment policy and dividend policy.
E. Miller and Modigliani were only concerned about capital structure.
C. The investment policy is set ahead of time and not altered by changes in dividend policy.
The dividend-irrelevance proposition of Miller and Modigliani depends on the investment policy which is set ahead of time and not altered by changes in dividend policy. Therefore, option (C) is the correct answer.
According to the dividend irrelevance theory, dividends have no bearing on a company's stock price. A dividend is often a cash payment made from a company's profits to its stakeholders as compensation for their investment. According to the dividend irrelevance theory, paying out dividends might hinder a company's ability to remain competitive over the long run because the money would be better used to produce earnings by being reinvested in the business.
According to the dividend irrelevance argument, if markets operate effectively, each dividend distribution will cause a corresponding fall in stock price. To put it another way, if the stock price was $10 and the company paid a $1 dividend a few days later, the stock would decline to $9 per share. Due to the stock price adjustment for the dividend payout, owning the shares for the dividend results in no profit.
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which of the following is different in a flexible budget compared to the master budget for a period? A.Budgeted fixed administrative costs. B.Variable cost per unit. C.Sales volume D.Budgeted fixed cost. E.Selling price per unit.
According to the actual output during the budget period, a flexible budget determines the budgeted revenue and costs. The unchanging budget is the sole difference.
What distinguishes a master budget from a flexible budget?A master budget accounts for one level of production volume and is unchanging. Contrarily, a flexible budget distinguishes between fixed and variable costs and is flexible enough to change in response to various production outcomes.
What distinguishes flexible spending plans from the master budget quizlet?A master budget is based on a single level of production, while a flexible budget can be created for any level of production that falls within a relevant range. This is the main distinction between the two budget types. The flexible budget line's slope is the unit-variable cost.
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Unethical communication a.can lead to poor decision making b. can lead to distrust c. threatens the well-being of society d. shows a lack of respect for others e. all of the above
Correct option is E. Unethical communication, can lead to terrible choice making, can lead to distrust, threatens the well-being of society, indicates a lack of admire for others.
What is unethical communication provide example?Telling a pal something they choose to hear rather than telling them the fact is an instance of unethical communication. Another instance is a flesh presser telling a crew of voters something they prefer to hear, however the flesh presser does now not absolutely care about that particular issue.
What are sorts of unethical communication?Redding's (1996) proto-typology consists of six types of unethical conversation that normally appear in organizations: coercive, destructive, deceptive, intrusive, secretive, and manipulative-exploitive.
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https://brainly.com/question/14630462#SPJ4Though it stated first as a limousine service and became a ride-sharing service, Uber recently redefined its business with the addition of Uber Rush and UberEats, and now considers itself to be in which of these?
Uber recently redefining its business with the addition of Uber Rush and Uber Eats, now considers itself a logistics business.
Logistics? Please explain.The term "logistics" refers to the process of organizing and moving resources, including people, goods, inventories, and equipment, from one area to storage at the desired location. The movement of supplies and equipment to troops in the field is what the word logistics originally meant in the military.
How do logistics play a part?In order to transfer goods from the place of production or factory to the consumer swiftly and on time, numerous systems have been put in place. The tasks of logistics include transportation/delivery, storage, packing, cargo handling, distribution processing, and information processing.
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the combination of two corporations that results in the dissolution of both corporations and the emergence of a new corporation is a .
The dissolution of 2 business entities and the emergence of a merger of 2 new businesses is referred to as consolidation.
What is consolidation?Business consolidation is defined as an act of unification of corporations through the dissolution or formation of a new one. The new company will later take over all the rights and obligations of each company that has been merged. Consolidation can be applied to limited liability companies, cooperatives, UD, PD, CV, and firms.
The purpose of consolidation is :
To save the company's assetsStrengthen the company by joining other companiesEstablish and strengthen market shareRenew the company's performance to make it more profitableReducing the level of business competition riskProviding guarantees of supply, sales, and distributionProduct diversification of goods or servicesLearn more about the difference between merger and acquisition here :
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Jose deposits $2,100.00 into a savings account at her credit union. The annual compound interest rate is 1.5%. How much money will Jose have after 20 years?
covington pharmacies has decided to automate its insurance claims process. two networked computer systems are being considered. the systems have an expected life of two years. the net cash flows associated with the systems are as follows. the cash benefits represent the savings created by switching from a manual to an automated system. The company's cost of capital is 10 percentCompute the NPV and the IRR for each investment
Covington Pharmacies has 2 system-scenarios, which:
System I: NPV = $14,396; IRR = 16.4%
System II: NPV = $12,949; IRR = 18.0%
Net Present Value or NPV is the investment analysis that calculates the different between the present value of cash inflows and outflows over a period of time. NPV helps companies to determine wheter an investment is economically profitable or not.
NPV can be calculated by projecting the future cash flows into its present value and substracting the values from the original cash outlays. An investment could be counted as profitable and financially worthwhile if its NPV result is above zero.
Internal Rate of Return (IRR) represents an investment potential profitability in a percentage value. IRR will use the zero factor NPV equation and find its unknown discount rate.
The following is the calculation of NPV and IRR for the 2 scenarios we have:
System I
Year Cash flow PV Factors PV
0 $(120,000) 1 $(120,000
1 $ - 0.909 $ -
2 $162,708 0.826 $134,396.81
NPV $14,396.81
IRR 16.4%
System II
Year Cash flow PV Factor PV
0 $(120,000) 1 $(120,000)
1 $76,628 0.909 $69,654.85
2 $76,628 0.826 $63,294.73
NPV $12,949
IRR 18.0%
Based on the calculations above, we know that both investments are profitable and financially worthwile. But if Covington has to choose 1 option, then System I would be a better option for Covington because this system projected more financially profitable compare to system II.
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Many companies have entire departments that are devoted entirely to corporate social responsibility.
True
False
activities included in a generally accepted definition of management accounting include planning, organizing, controlling.
Activities included in a generally accepted definition of management accounting include planning, organizing, controlling.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.
Giving managers information for making financial and non-financial decisions is one straightforward definition of management accounting. In other words, management accounting aids in decision-making for directors inside an organization.
Another name for this is cost accounting. This is how data is differentiated, examined, analyzed, and imparted to managers to support the achievement of organizational objectives.
The information acquired covers every area of accounting that instructs management on how to link company activities to the organization's financial outlays and decisions. Plans are used by accountants to evaluate an organization's overall operational strategy.
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Which of the following is the best example of an economic approach to reduce overfishing for a fish species with a declining population?
The federal government sets a catch limit (per person or per boat) for the species and imposes a tax on any extra fish that are caught.
The federal government sets a catch limit (per person or per boat) for the species and imposes a tax on any extra fish that are caught is the best example of an economic approach to reduce overfishing for a fish species with a declining population
The economic approach to the PPI starts at the establishment level rather than at the industry level. According to the CPI theory, an establishment is the PPI equivalent of a family. An establishment is a business that carries out production or other productive activity in a particular area of the nation and is able to provide basic accounting data on the costs and quantities of the outputs it generates.
Annual catch restrictions and catch level monitoring assist minimize the risk of overfishing and guarantee the long-term biological and economic sustainability of American fisheries. A catch limit is determined annually through a multistep process.
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you are trying to determine the intrinsic value of firm a using the free cash flow method. the free cash flow of the company today is at $1000 and you
As per the free cash flow, if the the free cash flow of the company today is at $1000, then forecasted terminal value of firm A is $35,828
The term free cash flow is calculated as the cash a company generates after taking into consideration cash outflows that support its operations and maintain its capital assets.
Here we have given that you are trying to determine the intrinsic value of firm a using the free cash flow method. the free cash flow of the company today is at $1000.
And we need to find forecasted terminal value of firm A
While we looking into the given question, we have given that the free cash flow of the company is $1000.
=> g = 6%
=> WACC = 11%
Now, by using these inputs to solve for the terminal value is calculated as,
=> Terminal value = [1690 x (1+0.06)]/0.11 - 0.06
=> Terminal value = [1690 x 1.06]/0.05
=> Terminal value = 1791.4/0.05
=> Terminal value = 35828.
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to compute interest cost, a firm would multiply the discount rate by the multiple choice question. beginning projected benefit obligation. beginning plan assets. prior year's service cost. prior year's employer contribution.
A business organization's change in benefit obligation is referred to as a prior service cost. The organization's past service costs should be recorded in straight lines.
Until the benefit obligation becomes a vested benefit obligation, it should be expensed.
Is the cost of past service amortized?Amounting an equal amount to each future period of service of each employee who is expected to receive benefits under the plan on the date of the amendment should be used to amortize prior service costs.
How is amortization of prior service costs calculated?Amortization of Costs of Prior Service The amount that must be amortized is calculated by deducting an equal amount from the costs of each employee who is anticipated to receive benefits for each future period of service.
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nate collected social security payments of $220 a month in year 1. if the price index rose from 90 to 108 between year 1 and year 2, then his social security payments for year 2 should have been
In Year 1, Nate received Social Security benefits of $220 per month. He should have received $264 in Social Security benefits for Year 2 if the price index increased from 90 to 108 between Year 1 and Year 2.
Social security is the protection that a society offers to individuals and households to assure access to health care and to ensure financial stability, notably in circumstances of old age, unemployment, sickness, invalidity, job injury, maternity, or loss of a breadwinner.
Social security, any legal steps to protect an individual's or family's income or to provide income when some or all sources of income are interrupted, eliminated, or when extraordinarily high expenses must be made.
Thus, social security may offer monetary benefits to people who are ill or disabled, jobless, experiencing crop failure, losing their spouse, going through pregnancy, taking care of small children, or retiring from employment.
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Which of the following questions would most likely be included in an internal control questionnaire concerning the completeness assertion for purchases?
A. Is an authorized purchase order required before the receiving department can accept a shipment or the vouchers payable department can record a voucher?
B. Are purchase requisitions prenumbered and independently matched with vendor invoices?
C. Is the unpaid voucher file periodically reconciled with inventory records by an employee who does not have access to purchase requisitions?
D. Are purchase orders, receiving reports, and vouchers prenumbered and periodically accounted for?
The right answer is D. A corporation can determine that purchases are fully recorded by prenumbering and accounting for purchase orders, receiving reports, and vouchers.
What exactly is an internal control questionnaire?Auditors utilize a COSO internal control questionnaire to assess whether an organization complies with the standards for internal control systems established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO): Framework for Integrated Internal Control. An internal control framework is made up of five interconnected parts: the control environment, risk assessment, control actions, information and communication, and monitoring. Internal control is a procedure carried out by a company's board of directors, management, and other staff members and intended to give a reasonable level of assurance that the information is trustworthy, accurate, and timely. of conformity with pertinent laws, rules, agreements, policies, and procedures.
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given the inflation rate in japan is 3%, while the inflation rate in the u.s. is 8%. according to ppp, the jpy should by %.
given the inflation rate in japan is 3%, while the inflation rate in the u.s. is 8%. according to ppp, the jpy should appreciate by 4.85%.
In the field of economics, inflation refers to an increase in the overall cost of goods and services in a country. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money. Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation. The annualized percentage change in a general price index, or inflation rate, is the most widely used indicator of inflation. The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board. In the United States, wages are also calculated using the employment cost index.
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[two words] is when a buyer asks or receives something of value that influences their purchasing decisions. the offering of gifts and entertainment can sometimes be considered this. buyers should make their decision solely on the basis of the vendor's performance and what is best for the retailer.
Commercial bribery is when a buyer asks or receives something of value that influences their purchasing decisions. the offering of gifts and entertainment can sometimes be considered this. Buyers should make their decision solely on the basis of the vendor's performance and what is best for the retailer.
An employee may be charged with commercial bribery if he agrees to give a contract or tender, or purchase goods or services from the company in exchange for personal benefits and affect the results of his work. Bribery can take the form of kickbacks or bribes. Bribery is a crime under Florida law and is prosecuted in federal court under the mail and wire fraud statute.
One can be found guilty of bribery for declaring oneself as an honest agent when one has requested or accepted benefits that affect the selection of the department companies or products. It is important for officials to be charged with federal mail and wire fraud, conspiracy, and tax evasion, in cases involving bribery in federal court.
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create a 2d array stocktrends that captures the following table. each row represents a company's stock price, and each column represents the opening and closing price for a given day.
The function for the stock trends is explained below.
What is the definition of Stock?
In general terms, stock refers a general term used to describe the ownership certificates of any company.
Here have to create a 2d array stock trends that captures the following table and each row represents a company's stock price, and each column represents the opening and closing price for a given day.
As we have given that, the table that defines each row represents a company's stock price, and each column represents the opening and closing price for a given day.
Based on these details we have write the function for StockTrend as,
function StockTrends = Create2DArray( )
StockTrends = [ [ 112.54 , 114.5 ]; [ 100.31 , 98.72 ]; [ 88.42 , 86.01 ]; ]
end
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Companies invest in expansion projects with the expectation of increasing the earnings of its business.
Consider the case of Garida Co.:
Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:
Year 1
Year 2
Year 3
Year 4
Unit sales 3,500 4,000 4,200 4,250
Sales price $38.50 $39.88 $40.15 $41.55
Variable cost per unit $22.34 $22.85 $23.67 $23.87
Fixed operating costs $37,000 $37,500 $38,120 $39,560
This project will require an investment of $25,000 in new equipment. Under the new tax law, the equipment is eligible for 100% bonus deprecation at t = 0, so it will be fully depreciated at the time of purchase. The equipment will have no salvage value at the end of the project’s four-year life. Garida pays a constant tax rate of 25%, and it has a weighted average cost of capital (WACC) of 11%. Determine what the project’s net present value (NPV) would be under the new tax law.
Determine what the project’s net present value (NPV) would be under the new tax law.
$47,736
$54,896
$38,189
$57,283
Now determine what the project’s NPV would be when using straight-line depreciation $------------------------
Using the------------- depreciation method will result in the highest NPV for the project.
No other firm would take on this project if Garida turns it down. How much should Garida reduce the NPV of this project if it discovered that this project would reduce one of its division’s net after-tax cash flows by $300 for each year of the four-year project?
$1,024
$931
$791
$559
Garida spent $2,750 on a marketing study to estimate the number of units that it can sell each year. What should Garida do to take this information into account?
A) Increase the amount of the initial investment by $2,750.
B) The company does not need to do anything with the cost of the marketing study because the marketing study is a sunk cost.
C) Increase the NPV of the project $2,750.
The NPV of Garida Company using accelerated depreciation is $ 17,196.
Garida should reduce the project's NPV by $1,861 ($600 x 3.1024).
What exactly is NPV?The term net present value (NPV) refers to the current value of a future stream of payments from a business, project, or investment. To calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.
What exactly is accelerated depreciation?Accelerated depreciation is the faster depreciation of fixed assets early in their useful lives. This type of depreciation reduces taxable income early in the life of an asset, deferring tax liabilities to later periods.
The NPV of Garida Company using accelerated depreciation is $ 17,196.
Please see table 1.
Using straight-line depreciation, the NPV is: $ 16,940U
The accelerated depreciation method yields the highest NPV.
The company is not required to do anything with the cost of the marketing study because it is a sunk cost.
Garida should reduce the project's NPV by $1,861 ($600 x 3.1024).
Please see table 2 for more information.
The NPV of Garida Company using accelerated depreciation is $
17,196.
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current liabilities are debts that must be paid within . multiple choice question. three months six months one year
A short – financial commitments that are due in a year or within a typical operational cycle are known as current liabilities.
What types of debts are most typical?As of the 2nd period of 2022, American consumers owed more than 16 trillion dollars. Mortgages comprised the majority of such a debt, totaling about 10.4 trillion dollars. The second-largest element, amounting to 1.59 trillion dollars, was student loan debt.
What is the name for good debt?Debt that can be used to increase wealth or income throughout time, such education loans, mortgages, or company loans, is referred to as "good" debt. Credit card debt and other consumer debt are examples of "bad" debt because they have minimal impact on your financial situation.
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Assume that the government of country of Ostentia for its current budget plans to collect taxes in the amount of $10 billion and to spend $9 billion. A civil war breaks out and the government spends an additional $1 billion and tax collection is down by $1 billion. What is the result?
> The expected budget surplus turns in to a $1 billion deficit.
> The budget is now balanced.
> The expected budget surplus turns in to a $2 billion deficit.
> The expected budget deficit turns in to a $1 billion surplus.
As a result, the expected budget surplus turns into a billion dollar deficit. A budget surplus occurs when an entity (such as the U.S. government) spends less money in a financial period than it receives in revenue.
What if the government has a budget surplus?First, if the budget surplus is the result of a decrease in government spending, less money is spent on the total economy. So if this is the only source of supply, it could reduce aggregate demand and lead to deflationary pressures.
Why is the budget surplus good?It is desirable to achieve a budget surplus. A surplus means that the national debt (the sum of all past budget deficits minus the budget surplus) can be reduced over time. This means that the opportunity cost of financing debt service is reduced.
Is surplus always good?It arises from the difference between income from exports and expenditure from imports. This shows that inflows of local currency and resources outweigh outflows, indicating a healthy economy. Therefore, it is always desirable for any country to maintain a surplus as opposed to a trade deficit.
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barnes company applies overhead on the basis of machine hours. given the following data, compute overhead applied and the under- or overapplication of overhead for the period: estimated annual overhead cost $1,500,000 actual annual overhead cost $1,470,000 estimated machine hours 300,000 actual machine hours 290,000 group of answer choices $1,450,000 applied and $20,000 overapplied $1,500,000 applied and $20,000 overapplied $1,450,000 applied and $20,000 underapplied $1,470,000 applied and neither under- nor overapplied
Overhead on the basis of machine hours is $1,450,000 applied and $20,000 underapplied.
Applied overhead is a sort of direct overhead expense that's recorded underneath the cost-accounting technique. Applied overhead could be a mounted rate charged to a particular production job, smart made, or department among a corporation. firms use accountancy to spot the expenses related to producing.
Overapplication of overhead happens once expenses incurred are literally but what a corporation accounts for in its budget. this suggests that a corporation comes in underneath budget and achieves a lower quantity of overhead prices throughout the accounting amount. Businesses should account for overapplied overheads also.
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FILL IN THE BLANK. Mr. Z cannot recall the time that he made a fool of himself in front of his coworkers. Here, the defense mechanism of____is at work. repression.
Mr. Z has likely forgotten about the incident where he embarrassed himself at work, so this is likely the Repression defensive mechanism in action.
What is the Repression defense mechanism?Unpleasant feelings, urges, memories, and thoughts can be suppressed without being consciously aware of them. This defense strategy was first explained by Sigmund Freud and aims to lessen worry and guilt feelings. It is a reaction to a difficult or upsetting circumstance that a person has faced at some point in their lives. It entails unconsciously keeping the details of that event from coming to our conscious mind, making it exceedingly challenging to recall.
What is suppression?Suppression, a different type of defense mechanism, is sometimes mistaken with repression. Suppression, as contrast to repression, entails intentionally choosing to suppress unwanted thoughts or urges. Suppression is specifically the purposeful effort to ignore or not think about unpleasant or unwelcome thoughts.
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What is a strategic plan?
A. The analysis, decisions, and actions an organization makes to
meet its goals
B. The purpose, vision, mission, and values of an organization
C. The process of analyzing a firms operating conditions on goals to
be met
D. The decisions a company makes to make itself profitable
The process of determining an organization's course of action is known as strategic planning. It identifies how an organization will allocate resources to achieve a desired future state while positioning itself for industry competition.
How does strategic planning work?The leaders of an organization go through a process called strategic planning in which they determine the goals and objectives of their organization as well as their vision for the future. In order for the organization to realize its stated vision, the procedure includes establishing the order in which those goals should be accomplished.
What is a smart course of action?Planning strategically. a long-term procedure that assists an organization in allocating its resources in order to take advantage of market opportunities. The Process of Strategic Planning includes doing a situation analysis and making the mission, goals, value proposition, and strategies for the company.
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the net income for whispering winds corp. for 2022 was $309,500. for 2022, depreciation on plant assets was $71,300, and the company incurred a loss on disposal of plant assets of $27.100. compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts.
Calculation of operating-related net cash flow:
Total revenue: $282,500
Non-cash or non-operating item adjustments:
Add: $65,400 in depreciation on plant assets
Include: $27,600 in loss on sale of plant assets
Operating activities' net cash flow: $375,500
1. Depreciation must be added back because it is a non-cash expense.
2. The loss on asset disposal is added back because it is a non-operating item.
The cash flow statement contains a wealth of information regarding a company's financial health and stability. It offers a window into the flow of cash and cash equivalents into and out of a company for management, analysts, and investors.
Cash Flow aids in evaluating how effectively (or ineffectively) a business can handle its cash and settle its debts. Although the cash flow statement has three primary components, this article only discusses the cash flow from operating operations.
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