The product, which is presented as a bar of chocolate, can be successfully promoted in the market since, as we all know, people are becoming more health conscious and are all trying to maintain a healthy lifestyle. Most individuals can't help but enjoy chocolate.
What is promotion?
Promotion in marketing is any sort of marketing communication that aims to persuade target audiences of the relative qualities of a given good, service, idea, or brand. It aids marketers in establishing a memorable spot in clients' minds. This place can be either cognitive or emotional. Promoting a product or service is intended to raise brand awareness, spark interest, enhance sales, or foster brand loyalty. One of the fundamental components of the market mix, which also consists of the four Ps (product, pricing, location, and promotion), is this. One of the components of the promotional mix or promotional plan is promotion.
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you are on vacation when your manager calls and asks for the password to your office computer because she needs immediate access to an important file. which of the following social engineering approaches is primarily being used?
Hackers can gain access to your systems through outdated software. They locate the software's weaknesses and come up with strategies for exploiting them.
Internet browsers and computer operating systems, which are used by everyone, are frequently the targets of software assaults. With the aid of a password manager, both people and organisations can store and manage all of their passwords in one secure strategies location. Users won't have to remember numerous passwords as a result. All they need to remember to access their password manager is their master password. physical protections such as a secure area with locked doors, etc. technical security measures such encryption, passwords, and security software.
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TRUE/FALSE. if the fed increases the discount rate banks will borrow more reserves, make more loans, and the money supply will grow faster.
If the federal reserve increases the discount rate banks will borrow more reserves, make more loans, and the money supply will grow fast. It is a false statement.
What happens when the discount rate is increased?The discount rate reduces future cash flows, hence the lower the present value of those future cash flows, the higher the discount rate. A larger present value results from a lower discount rate. This suggests that money in the future will be worth less than it is now when the discount rate is higher.
Depository institutions have less motivation to borrow when the discount rate is raised, which affects both the amount of reserves they hold and the volume of lending they do.
The appropriate response is false.
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Social media marketing is used by marketers to accomplish which of the following? (Choose every correct answer.)
A) Remind buyers about the brand and its benefits
B) Increase the efficiency of the supply chain
C) Increase the price of the product or service offered
D) Communicate the value proposition of the brand
Social media marketing is used by marketers to accomplish for A) Remind buyers about the brand and its benefits.
Social media performs an vital function in how clients discover, research, and proportion records approximately manufacturers and merchandise. In truth 60 percentage of clients studying merchandise via more than one on-line reassets found out approximately a particular logo or store via social networking sites.
Small companies can use social media channels for logo recognition campaigns via way of means of sharing easy-to-create content material together with infographics, quick videos, ads, and hyperlinks to greater detailed, extremely good content material that solutions clients questions or addresses trending topics.
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an increase in the price of bread produced domestically will be reflected in a. both the gdp deflator and the consumer price index.
The GDP deflator and the consumer price index will both show an increase in the cost of locally produced bread.
Gross domestic Product?
A lot of acronyms are used by economists. The GDP, or gross domestic product, is one of the most often used. It is frequently cited in reports by governments, central banks, and the business sector as well as in newspapers, on television news, and in publications.
How is GDP calculated? What is GDP?GDP is calculated as private consumption plus gross domestic product plus public investment plus (exports – imports). The country's official statistical office often uses the international standard to calculate GDP.
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on september 1, 2024, daylight donuts signed a $130,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on march 1, 2025. daylight donuts accrued interest for the note on december 31, 2024. which of the following would be recorded on the payment of the note plus accrued interest at maturity on march 1, 2025? (
On the payment of the note plus accrued interest at maturity on March 1, 2025, Daylight Donuts would record a debit to Cash of $131,450 and a credit to Notes Payable for the same amount.
The $130,000 debit to Notes Payable represents the principal amount borrowed from the note, while the $1,450 credit to Notes Payable represents the accrued interest on the note for the six-month period.
This is calculated by taking the interest rate of 9% multiplied by the principal amount of $130,000, which equals $11,700. Then, the interest is divided by the number of months (6) giving us the amount of $1,450. Therefore, the total amount paid on the note at maturity is $131,450 ($130,000 principal plus $1,450 interest).
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the fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries.
The statement 'the fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries' is true.
In the field of business, the fair labor standard act can be described as an act that was formulated inorder to give basic rights to laborers.
Before the fair labor standards act, the laborers were given a very small amount for the hard work that they did.
Hence, the fair labor standard act came up with a policy under which a minimum wage of a specific amount was set and no employee could be paid an amount less than this specified minimum wage. Hence, the statement above is true.
The question can correctly be written as:
The fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries. true or false
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the year-end financial statements of collette inc. reported the following information (in thousands): year 2 year 1 cost of sales $1,441,527 $1,453,051 inventories, net 585,764 546,745 lifo reserve 4,345 4,094 the year 2 average days inventory outstanding is:
The average number of days inventory outstanding is 143 days. It indicates that Collette Inc. will keep items on average 143 days before selling them.
Given that,
Opening inventory = 546,745
Closing inventory = 585,764
Cost of goods sold in 2016 = $1,441,527
Average inventory:
= (Opening inventory + Closing inventory) ÷ 2
= (546,745 + 585,764) ÷ 2
= 1,132,509 ÷ 2
= 566,254.5
So, Average inventory = 566,254.5
Therefore, the average days inventory outstanding is calculated by the following formula:
= Average inventory ÷ (COGS/365 days)
= 566,254.5 ÷ ($1,441,527/365)
= 566,254.5 ÷ 3949.3
= 143.38 days
Hence 2nd year average days inventory outstanding is 143 days.
A working capital management parameter called days inventory outstanding (DIO) calculates the typical period of time a company keeps inventory before turning it into sales.
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among the reasons why financial transactions can fail to be carried out even when there are potential gains to both lenders and borrowers are (mark all correct answers):
When applying a loan, Collateral can be beneficial to the borrower because: (C). giving lenders protection against financial loss and more reason to approve loans
Loan is a type of obligation caused by a person because of receiving cash from an individual or association that will reimbursed inside an unequivocal period.
Guarantee can be characterized as any resource (model: vehicle, house, land and so on) that is presented by the borrower to the bank to get a credit.
It is vital on the grounds that the bank is gotten that assuming you cannot reimburse the credit he takes the resource.
All in all, while taking a credit, guarantee is significant.
Collateral is a thing of significant worth that a moneylender can seize from a borrower on the off chance that the person in question neglects to reimburse a credit as per the concurred terms. One normal model is the point at which you take out a home loan. Ordinarily, the bank will request that you give your home as insurance
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Complete Question is -
Collateral can be beneficial for borrowers when applying for a loan by
a. offering lenders additional financial gain if borrowers defaults on their loans
b. lessening the total loan amount, making it easier for borrowers to be approved
C. giving lenders protection against financial loss and more reason to approve loans
d. demonstrating that borrowers have ownership of high-end goods and can obviously make their
loan payments
Please select the best answer from the choices provided.
A
B
C
D
A food handler cannot find the ice scoop. What should the food handler do to be sure that customers are served safely
Answer:
use a spoon or find the scoop.
Explanation:
he can use a spoon instead and should not touch the other parts of spoon other then the handle.
with respect to distributing practice within a single-pracitce session, which of the following statements are true
With respect to distributing practice within a single-pracitice session, the statements that are true is continuous skills are learned better with massed schedules; discrete skills are learned better with distributed schedules.
What is continuous skills ?Continuous motor skills can be dedcibed as the skill which the movement is cyclical and repetitive, with an arbitrary beginning and end.
It should be nboted that this can be compare with the discrete motor skills in the sense that it represent a distinct, manipulative-type skill that has a specific beginning and end hence continuous skills are learned better with massed schedules.
Therefore, option A is correct.
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missing options:
- continuous skills are learned better with massed schedules; discrete skills are learned better with distributed schedules
- continuous skills are learned better with distributed schedules; discrete skills are learned better with massed schedules
- both continuous and discrete skills are learned better with massed schedules
- both continuous and discrete skills are learned better with distributed schedules
ebook show me how question content area inventory analysis a company reports the following: cost of goods sold $227,760 average inventory 56,940 determine (a) the inventory turnover and (b) the number of days' sales in inventory. round interim calculations to the nearest dollar and final answers to one decimal place. assume 365 days a year. a. inventory turnover fill in the blank 1 b. number of days' sales in inventory fill in the blank 2 days
The correct answer is (a) the inventory turnover. Inventory turnover is a gauge of a company's inventory management effectiveness in relation to its cost of goods sold.
What is inventory turnover?Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period.
The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.
Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio.
It is one of the efficiency ratios used to gauge how well a business uses its resources.
A low inventory turnover ratio could indicate sluggish sales or too much inventory.
On the other hand, a high inventory turnover ratio denotes robust sales. It can be the effect of not having enough stock.
Inventory Turnover=COGS/Average Value of Inventory
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proceeds from an issue of debt securities having stock purchase warrants should not be allocated between debt and equity features when group of answer choices exercise of the warrants within the next few fiscal periods seems remote. the market value of the warrants is not readily available. the warrants issued with the debt securities are non-detachable. the allocation would result in a discount on the debt security.
Proceeds from an issue of debt securities having stock purchase warrants should not be allocated between debt and equity features when the warrants issued with the debt securities are nondetachable.
The proceeds from the sale of debt with some detachable stock warrants should be allocated between there are the two securities which are said to be based on the aggregate fair market value of the bonds and also the warrants. Thus, it is allocated between the debt and equity features
However, issuing warrants tend to provide the company with a future source of capital. Also, a warrant may be issued as a way of preserving goodwill from shareholders.
Hence, a stock warrant is an employer-issued contract.
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using a perpetual inventory system, when a company records a sale of merchandise, it must also record? A. a decrease in its inventory B. an increase in its inventory C. Cost of goods sold, which will be reported on the income statement D. Cost of goods sold, which will be reported on the balance sheet
The perpetual inventory technique does not make an effort to keep track of counts of tangible goods. Periodic inventory is in contrast to perpetual inventory systems.
What exactly is an inventory system?The method through which you keep track of your products across the whole supply chain, from purchase to manufacture to final sales, is known as just an inventory management system (or inventory system). It controls how you go about managing your company's inventory.
What is the unbreakable inventory rule?Freely count - Inventory and spare parts that are improperly organized in the warehouse will inevitably lead to disorganized storage and pitiful accountability. Additionally, this will waste time and add to the workload. Therefore, inventory should be organized properly, made visible, and count free.
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all of the following were the objectives of the glass-steagall act except group of answer choices discouraging speculation in financial markets. limiting bank mergers when the merger might adversely affect competition. preventing conflict of interest and self-dealing. restoring confidence in the commercial banking system. all of the above were the objectives of the glass-steagall act.
One objective that was not in the Glass-Steagall Act, was d. all of the above were the objectives of the Glass-Steagall Act.
What was the Glass-Steagall Act ?In order to shield depositors from potential losses brought on by bank speculation in stocks, the Glass-Steagall Act, implemented in 1933, mandated that commercial banks refrain from investment banking activities.
At the time, the primary cause of the financial catastrophe was blamed on commercial banks' aggressive participation in the stock markets. Commercial banks were thought to have overexposed themselves to danger with depositors' money.
Glass-Steagall Act was therefore meant to restore the confidence of the public in the commercial banking system, by engaging in things such as limiting potential destructive ban mergers.
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California's Compulsory Financial Responsibility Law requires every driver and every owner of a motor vehicle to maintain financial responsibility (liability coverage) at all times. There are four forms of financial responsibility:
A motor vehicle liability insurance policy.
A deposit of $35,000 with DMV.
A surety bond for $35,000 obtained from a company licensed to do business in California.
A DMV issued self-insurance certificate.
You must carry written evidence of financial responsibility whenever you drive and show it to a peace officer after a citation stop or accident. You may have to pay a fine or have your vehicle impounded if you don't.
If you don't have acceptable financial responsibility and have an accident, you may lose your driver license for up to four years.
The California Compulsory Financial Responsibility Law requires every driver and every owner of a motor vehicle to maintain financial responsibility (liability coverage) at all times.
Finance is the observation and field of cash, foreign money and capital belongings. it is related to, but no longer synonymous with economics, the take a look at of manufacturing, distribution, and consumption of cash, property, items and services (the area of economic economics bridges the 2). Finance sports take vicinity in economic structures at various scopes, for this reason the field can be kind of divided into personal, corporate, and public finance. In a monetary machine, belongings are bought, bought, or traded as economic gadgets, together with currencies, loans, bonds, shares, stocks, options, futures, and so forth.
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according to fasb statement no. 109, accounting for income taxes, justification for the method of determining periodic deferred tax expense is based on the concept of matching of periodic expense to periodic revenue. objectivity in the calculation of periodic expense. recognition of assets and liabilities. consistency of tax-expense measurements with actual tax-planning strategies.
The idea of Recognizing Assets and Liabilities serves as the foundation for the process of calculating periodic deferred tax expenditure, according to FASB Statement No. 109, Accounting for Income Taxes.
The objectives, qualitative traits, and other concepts that guide the selection of economic phenomena to be recognized and measured for financial reporting and their presentation in financial statements or related means of communicating information to those who are interested are set forth in the FASB Statements with the intention of serving the public interest. The Board and its constituents can grasp the appropriate substance and inherent constraints of financial reporting thanks to concept statements, which also direct the Board in the development of good accounting standards. There are no generally recognized accounting principles established by a Statement of Financial Accounting Concepts.
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a manufacturer of automatic locking devices shipped 20,000 devices to an automobile manufacturer that was unable to use them because of a design flaw. if the manufacturer of the devices waited until the parts were returned before determining why it created unusable component parts, it would be using control.
A manufacturer of automatic locking devices for vehicles shipped 20,000 devices to a car manufacturer that was unable to use them because of a design flaw. If the manufacturer of the devices waited until the parts were returned before determining why it created unusable component parts, it would be using feedback control.
manufacturing is the introduction or production of products with the assist of device, exertions, machines, equipment, and chemical or organic processing or formulation. it is the essence of secondary sector of the financial system.[1] The term may additionally consult with more than a few human interest, from handicraft to high-tech, however it's far most generally applied to business design, wherein raw substances from the primary quarter are transformed into finished items on a huge scale. Such goods can be bought to other manufacturers for the manufacturing of different more complex merchandise (including plane, household appliances, furnishings, sports activities gadget or motors), or allotted via the tertiary enterprise to end customers and customers.
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casper and cecile divorced in 2018. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. cecile sold the stock for $40,000 a month after receiving it. in addition, casper is required to pay cecile $1,500 a month in alimony. he made five payments to her during the year.
Casper: Casper will need to report the stock transfer as a taxable event. He will need to report the $25,000 he paid to purchase the stock as a capital gain and the $40,000 he received from the sale as a capital loss. The capital loss will be used to offset any capital gains he may have realized in the same tax year. He will also need to report the alimony payments as taxable income on his tax return.
Cecile: Cecile will need to report the transfer of stock from Casper as capital gain income on her tax return. She will need to report the $40,000 she received from the sale of the stock as a capital gain, and the $25,000 she received from Casper as a capital gain. She will also need to report the alimony payments as income on her tax return.
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The country of Latinivia has a goal to increase and foster economic activity and therefore increase Aggregate Demand. What actions would it take to achieve this goal? A) Cut funding to government departments to minimize the budget deficit. B) Increase taxes on imported services and oil. C) Fund new infrastructure projects by passing a new spending bill.
The country of Latinivia has a goal to increase foster economic activity and therefore increase Aggregate Demand. This country should Increase taxes on imported services and oil to achieve this goal.
So, the correct answer is Option B.Increase taxes on imported services and oil.
-If you receive foster care payments from the government, you are not required to record this income on your tax return because it is not taxable.
-Foster care costs could qualify as charity deductions.
You may be eligible for the adoption tax credit if you adopt the foster child.
The overall demand for final products and services in an economy at any particular time is known as aggregate demand, often referred to as domestic final demand. Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output.
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the following are selected transactions of tamarisk company. tamarisk sells in large quantities to other companies and also sells its product in a small retail outlet. prepare journal entries for the transactions above.
March 1 Accounts receivable $13200 (debit)
March 15 Accounts receivable $1800 (debit)
March 31 Accounts receivable ($1800*1%) $18 (debit)
The term "accounts receivable," often known as "AR" or "A/R," refers to a company's legally enforceable claims for payment for items delivered or services provided that consumers have requested but haven't paid for. These typically take the form of invoices that a firm issues and sends to the client for payment within a predetermined time limit. In a balance sheet, accounts receivable are listed as an asset. This accounting transaction is one in a series that deals with charging a customer for the goods and services they have requested. These can be contrasted from notes receivable, which are liabilities created through formal legal documents known as promissory notes.
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67. Before being transported, hazardous waste generated by Tire Maker, Inc., must be properly labeled and packaged under the Resource Conservation and Recovery Act by a. the federal Environmental Protection Agency. b. the local Resource Conservation and Recovery Committee. c. the state Environmental Regulatory Commission. d. Tire Maker, Inc.
Before being transported, hazardous waste generated by Tire Maker, Inc., must be properly labeled and packaged under the Resource Conservation and Recovery Act by Tire Maker, Inc.
The science, art, and technology of packaging involves confining or safeguarding goods for distribution, storage, sale, and use. The process of creating, analyzing, and designing packages is sometimes referred to as packaging.
Packaging can be thought of as a well-organized system for setting up products for sale, warehousing, logistics, and final usage. Packaging helps to transport, protect, preserve, inform, and sell. It is completely integrated into commercial, institutional, industrial, and personal use in many nations.
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which of the following diagrams shows what would happen to a company's demand curve after an effective advertising campaign?
Advertising influences consumer tastes and preferences, alters product attributes, and differentiates products from competing products. The curve shifts to the right if the determinant causes demand to increase.
What is consumer?Consumers refer to the people who buy goods and services to meet their needs. When you eat dinner, you become a consumer. I am hungry and eating rice fills me up. You become a food consumer. You who go to school are also consumers. A consumer is a person who acquires a product for their own use and uses or consumes it. Consumers cannot resell goods, products, or services, but they can consume them to earn a living and run a self-employed business. Consumers are the end users of goods and services. A person who purchases a product or service for personal use rather than manufacturing or reselling it is called a consumer. A consumer is someone who decides whether to purchase a product in a store or who is influenced by advertising and marketing.To learn more about consumer from the given link :
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Which of the following statements is CORRECT?
a. In general, a firm with low operating leverage also has a small proportion of its total costs in the form of fixed costs.
b. There is no reason to think that changes in the personal tax rate would affect firms' capital structure decisions.
c. A firm with high business risk is more likely to increase its use of financial leverage than a firm with low business risk, assuming all else equal.
d. If a firm's after-tax cost of equity exceeds its after-tax cost of debt, it can always reduce its WACC by increasing its use of debt.
e. Suppose a firm has less than its optimal amount of debt. Increasing its use of debt to the point where it is at its optimal capital structure will decrease the costs of both debt and equity financing.
Among the following options in the given answer, option a is correct: In general, a firm with low operating leverage also has a small proportion of its total costs in the form of fixed costs.
A business with low operating leverage incurs a high percentage of variable costs, which results in a lower profit margin on each sale but less need for sales growth to offset its lower fixed costs.
In general, strong operating leverage is preferable to low operating leverage since it enables enterprises to make significant profits on every additional sale. However, businesses with minimal operating leverage could find it simpler to turn a profit when coping with reduced sales levels.
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a company reports the following at year end: net credit sales of $12,000; cost of goods sold $5,000; net income $2,000; average accounts receivable $2,500. accounts receivable turnover is calculated to be:
At year's end, a business reports net credit sales of $12,000, cost of goods sold of $5,000, net income of $2,000, and average accounts receivable of $2,500. The calculated accounts receivable turnover is 8.
Receivable turnover ratio = Net credit sales for the year / Average accounts receivable Net credit sales Average accounts receivable $120,000 $15,000 Receivable turnover ratio (times) 8.0 [$120000 / $15000]
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have not yet been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
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Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the characteristics recruiters seek as you enter the workforce. Which of the following are synonyms for professional behavior? Check all that apply.
Polish
Business etiquette
Protocol
Civility
Social intelligence
The synonyms for "professional behavior" are polish, civility and social intelligence. So, the correct option is (A, D & E).
What do you mean by the "professional behavior"?A professional attitude, look, and manners are all components of professional behavior in the workplace. It encompasses your speech, appearance, behavior, and decision-making.
Treating your superiors, coworkers, and clients with respect is one of the fundamental tenets of professional workplace conduct.
Professional conduct helps keep personal and professional ties distinct and keeps interactions focused on the current business situation.
Knowledge and proficiency in a particular field, interpersonal and communication skills, a strong work ethic, a commitment to fairness in all dealings, and a desire to advance are all crucial components of professional conduct.
Therefore, the synonyms for "professional behavior" are polish, civility and social intelligence.
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which of the following statements concerning disclosure requirements for derivatives used as cash flow hedges is/are correct? i. the net gain or loss recognized in earnings during the period must be disclosed. ii. the amount of gain or loss deferred in other comprehensive income must be disclosed. iii. a listing of each of the derivatives used for cash flow hedges and the amount of each must be disclosed. i only. i and ii only. i and iii only. i, ii, and iii.
I, II, and III. All three statements concerning disclosure requirements for derivatives used as cash flow hedges are correct.
The net gain or loss recognized in earnings during the period must be disclosed, as must the amount of gain or loss deferred in other comprehensive income. Additionally, a listing of each of the derivatives used for cash flow hedges and the amount of each must be disclosed.
A cash flow hedge entails using a hedging tool (a derivative) to lock in the amount of a future cash inflow or outflow that would otherwise be affected by market fluctuations.
For instance, the business could agree upon a forward contract with a different party to buy the steel. The forward contract then serves as a hedging instrument because your net payment will remain the same even if the price of steel increases.
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Littleburg has 6 restaurants, which collectively serve 300 bowls of noodles per day. Then, 5 of the restaurants accidentally burn down, leaving only Nelly’s Noodle Hut intact. Now, Nelly’s will serve _______ (less than exactly or more than) b. 300 bowls of noodles per day, and the price will be _______ (higher, lower, or same as before) c. Philpot Industries Inc. is the only producer of left-handed coffee mugs. Currently, they are making very little profit. You tell them they could raise their profits by ________ (decreasing the number, increasing the quantity lowering the price or increasing the number) of the mugs they produce.
Littleburg has 6 restaurants, which collectively serve 300 bowls of noodles per day. Then, 5 of the restaurants accidentally burn down, leaving only Nelly’s Noodle Hut intact. Now, Nelly’s will serve Less than (less than exactly or more than) b. 300 bowls of noodles per day, and the price will be Higher (higher, lower, or same as before) c. Philpot Industries Inc. is the only producer of left-handed coffee mugs. Currently, they are making very little profit. You tell them they could raise their profits by Decreasing the number of mugs(decreasing the number, increasing the quantity lowering the price or increasing the number) of the mugs they produce.
A. Less than
B. Price will be higher
C. Decreasing the number of mugs
Profit describes the financial benefit realized when the revenues from a business activity exceed the expenses, costs and taxes associated with maintaining the activity.
Profits are important because:
– provide a measure of business success that is important for new businesses.
– are the best source of finance/capital for business expansion investment.
- they attract additional funds from investors attracted by the possibility of high returns on their investment.
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In its first year (2021), Barsky Corporation made charitable contributions totaling $70,000. The corporation's taxable income before any charitable contribution deduction was $250,000. In its second year (2022), Barsky made charitable contributions of $15,000 and earned taxable income before the contribution deduction of $300,000.
Required:
Compute Barsky's allowable charitable contribution deduction and its final taxable income for its first year.
Compute Barsky's allowable charitable contribution deduction and its final taxable income for its second year.
As per IRS the corporation is entitled to deduct upto 10 percent of a corporation net taxable income without consideration of charitable contribution. Further IRS allows corporations to carryover the excess contribution to future years to set off.
So, allowable charitable contribution deduction and final taxable income for the Barsky corporation will be as follows.
Description Amount ($)
Ist Year
Final Taxable Income (Taxable Income(300000) - allowable deduction(30000)) is 270000.
Taxable income before charitable contribution 250000
Charitable Contribution Limit (10%) 25000
Charitable Contribution 70000
Allowable Deduction 25000
Carryover deduction to next year 45000
Final Taxable Income (Taxable Income(250000) - allowable deduction(25000))
225000
2nd Year
Taxable income before charitable contribution 300000
Charitable Contribution Limit (10%) 30000
Charitable Contribution 15000
Carry back Contribution from 1st Year 45000
Allowable Deduction 30000
Final Taxable Income (Taxable Income(300000) - allowable deduction(30000)) 270000
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figure 9.16 depicts the model of a labour market where there are 90 million workers. the current labour market equilibrium is at a. now consider the case where the total labour supply is increased to 100 million. based on this information, which of the following statements are correct regarding the adjustment process in the labour market? higher unemployment results in a reduction in the employment rent enjoyed by workers employed at the current wage. the firms are required to raise wages to induce workers to work hard. initially, unemployment doubles. the wage-setting curve shifts downward.
The following statements are correct regarding the adjustment process in the labor market Initially, unemployment doubles and the wage-setting curve shifts downward.
Understanding the operation and dynamics of the markets for paid labour is the goal of labour economics, sometimes known as labour economics. The commodity of labour is provided by workers, often in return for a salary demanded by employers. Labor economics must take into consideration social, cultural, and political factors because these workers are a part of a social, institutional, or political system.
Employers and employees interact to drive labor markets, or employment markets. In order to understand the pattern of wages, employment, and income that results, labor economics examines the providers and consumers of labor services.
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Which if the following is not a type of inventory?
A) Finished goods in the stockroom
B) food cans in a foods store raw materials
C) job being processed on the machine
D) all of above
Food cans in a food store raw materials are not a type of inventory. Thus, Option B) is the correct answer.
Raw materials required for a product's production, work in progress, or jobs being processed by a machine, and finished goods kept in warehouses and required for delivery to clients make up the inventory items. The things that are finished and unfinished and ready to be shipped to clients make up the inventory. They include everything required for the purpose of production.
Since there are resources required to create the food that fills the cans before they are finally sealed and canned, the food can in a food store's raw materials is not a part of the ordinary inventory. The full cans that are prepared to be distributed make up the company's inventory.
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