Nintendo, producer of the Wii video game console, might define its competitors as other makers of physically interactive video games. But from a market point of view, it would include all firms making physically interactive recreational products.
A worldwide Japanese video game corporation with its headquarters in Kyoto is called Nintendo Co., Ltd. It creates video gaming systems and video games. Handcraftsman Fusajiro Yamauchi created Nintendo in 1889 as Nintendo Karuta, which initially produced handcrafted hanafuda playing cards. Each and every one of our workers has nurtured three fundamental elements of the Nintendo DNA:
Uniqueness- In order to provide our customers with the customary Nintendo experiences with distinctive and unexpected products, our mission is to constantly redefine entertainment.
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the idea of concurrently designing it and business processes is out of the question. instead, it should be aligned with existing business processes. t/f
It is not feasible to simultaneously create it and business procedures. It should instead be in line with current business processes. The assertion is untrue.
What makes concurrent design crucial?By overlapping and integrating tasks, concurrent engineering significantly reduces waiting times. According to one estimate, this method can cut the overall design work by up to 30%. By guaranteeing that modification requests are kept to a minimal, concurrent engineering also expedites the design process.
What is the purpose of concurrent?a means to gauge how many software licenses are being used. One of the following options is available for licensing software: site (only a specific number of users may access the software), individual (it cannot be shared with other users), and concurrent use (consumption is constrained).
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firms and workers who specialize in a certain product become more productive with learning and practice. this is an example of how select the correct answer below: specialization leads to narrowing of skills of workers division of labor could increase output countries become less able to participate in intra-industry trade production costs rise
Specialization is the concept that is used in firms and workers who specialize in a certain product become more productive with learning and practice.
Productivity:
In economics, productivity refers a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.
Given,
Here we need to find the concept that uses the firms and workers who specialize in a certain product become more productive with learning and practice.
As per the definition of productivity, the term specialization leads to narrowing of skills of workers division of labor could increase output countries become less able to participate in intra-industry trade production costs rise.
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Answer: division of labor could increase output
Explanation:
which of the following is often used to value complex commercial properties like office complexes, shopping centers, or other investments that may take years to stabilize?
Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising multiple-unit properties.
Refinancing is the replacement of an existing debt duty with every other debt duty underneath an extraordinary time period and hobby fee. The phrases and conditions of refinancing can also vary widely by way of us of a, province, or nation, based totally on several financial factors inclusive of inherent danger, projected threat, political balance of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a kingdom. in lots of industrialized international locations, not unusual sorts of refinancing encompass number one residence mortgages and automobile loans.
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three years ago, mr. lewis paid $40,000 for a newly issued corporate bond with a $50,000 stated redemption value. this year, he sold the bond for $43,900. through the date of sale, mr. lewis recognized $940 of the original issue discount (oid) as accrued interest income. compute his gain or loss on sale. multiple choice $3,900 long-term capital gain $2,960 long-term capital gain $2,960 ordinary income $3,900 ordinary income
Correct answer is option a. $2,960 long-term capital gain
Bonds were purchased 3 years ago. If investment is hold for more than 12 month, there wil be long-term capital gain or loss on sale of investment
Sale Proceeds from bond investment $43,900
Less: Carrying amount of bonds investment ($40,000 + $940)
Long-term capital gain ($43,900 - $40,940) =$2,960
Thus Correct answer $2,960 long-term capital gain, Option(a)
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Full Question :Three years ago, Mr. Lewis paid $40,000 for a newly issued corporate bond with a $50,000 stated redemption value. This year, he sold the bond for $43,900. Through date of sale, Mr. Lewis recognized $940 of the original issue discount (OID) as accrued interest income. Compute his gain or loss on sale.
a. $2,960 long-term capital gain
b. $2,960 ordinary income
c. $3,900 long-term capital gain
d. $3,900 ordinary income
THIS IS A TAX CLASS
on November 1, 2017, Stalemate, Inc., borrowed $10,000 by issuing a 6% installment note fully repaid in 4 annual installments of $2,886 due October 31 each year. the interest owed has been recorded through October 31, 2018. the entry to record the first installment payment includes a _____ on October 31, 2018.
- credit to NP of $2,886
- credit to Cash of $2,886
- debit to IP of $600
- debit to NP of $2,286
- debit to IE for $600
- credit to IP of $150
Statements given in the following question:
On November 1, 2017, Stalemate, Inc., borrowed $10,000 by issuing a 6% installment note fully repaid in 4 annual installments of $2,886 due October 31 each year.
The interest owed has been recorded through October 31, 2018.
The entry to record the first installment payment includes the following on October 31, 2018:
credit to cash of $2,886debit to IP of $600debit to NP of $2,286Liability typically denotes being accountable for something, but it can also imply owing someone money or services. A homeowner's tax obligation, for instance, maybe the amount of property taxes due to the city or the amount of income taxes due to the federal government.
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Foundations Inc. is trying to reach a collective bargaining agreement with its employees’ labor union. The company agrees to bring in an independent third party to negotiate and agrees that this negotiator’s decision will be binding. Foundations, Inc. has agreed to __________________.
A. Mediation
B. Incorporation
C. Finalization
D. Arbitration
E. Decisive Decision Making
Foundations, Inc. has agreed to arbitration if it agrees that this negotiator’s decision will be binding.
What is arbitration?ADR methods like arbitration are used to settle conflicts outside of the legal system. Unless all parties agree that the arbitration procedure and outcome are non-binding, an arbitration decision or award is enforceable in court and legally binding on both parties. Especially in the context of cross-border business operations, arbitration is frequently employed to settle commercial disputes. In some nations, including the United States, arbitration is often used in consumer and employment disputes. In these situations, arbitration may be required by the terms of employment or business contracts and may include a waiver of the right to file a class action lawsuit. Mandatory consumer and employee arbitration should be separated from consensual arbitration, particularly commercial arbitration.
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analyzing and interpreting income tax disclosures the income tax footnote to the 2018 financial statements for boeing follows. the components of income before tax were: years ended december 31 ($ millions) 2018 2017 2016 u.s. $11,724 $10,143 $5,655 non-u.s. 460 469 417 total $12,184 $10,612 $6,072 income tax expense/(benefit) consisted of the following:
The amount of income tax expense reported by Boeing each year is 2018 = $ 1,413, in 2017 = $ 2,009 and in 2016 = $ 938.
An income tax is a tax obligatory on people or entities in respect of the financial gain or profits attained by them. taxation typically is computed because the product of a charge per unit times the nonexempt financial gain. income tax rates could vary by kind or characteristics of the payer and also the style of financial gain.
Included within the tax footnote is info on this liabilities also as delayed tax liabilities. The delayed taxes could result from temporary variations. These embrace variations on things like accelerated depreciation taken for tax functions however not essentially for book functions.
The question is incomplete, find the complete question here
analyzing and interpreting income tax disclosures the income tax footnote to the 2018 financial statements for boeing follows. the components of income before tax were: years ended december 31 ($ millions) 2018 2017 2016 u.s. $11,724 $10,143 $5,655 non-u.s. 460 469 417 total $12,184 $10,612 $6,072 income tax expense/(benefit) consisted of the following: Years ended December 31 ($ millions) 2018 2017 2016 Current tax expense U.S. federal $1,873 $1,276 $1,193 Non-U.S. $169 $149 $133 U.S. State 15 Total current $2,139 $1,448 $1,341 Deferred tax expense U.S. federal $(996) $204 $(544) Non-U.S. $(4) $3 $(4) U.S. State (6) (44) Total deferred $(995) $201 $(592) 97 23 5 . What is the amount of income tax expense reported by Boeing each year?
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Which of the following items would not result in a deferred tax liability for financial reporting purposes?
Select one:
a. Installment sales, accrued for GAAP purposes, but taxable when payments are collected.
b. Rental receipts received in advance of services provided are deferred for GAAP purposes, but are taxable as collected for tax purposes.
c. Six-month prepaid insurance amount, recognized as prepaid expense for GAAP purposes, but deductible when paid for tax purposes.
d. Depreciation of equipment in its first year of purchase, calculated under the straight-line method for GAAP purposes, but under MACRS for tax purposes.
Rental receipts received in advance of services provided are deferred for GAAP purposes, but are taxable as collected for tax purposes result in a deferred tax liability for financial reporting purposes.
What is liability ?An obligation of a company of to pay money to another person and company in the future is called a liability. This means that the company cannot make money in the future. Liabilities are how a company gets money and are different from equity. A liability is any business liability, whether it is a bank loan, mortgage, unpaid bills, promissory note, or any other amount owed to another person.If you promise to pay an amount in the future and have not yet paid it, it is a liability. An asset is an item owned by a company for future profit.A liability is an item that represents a company's obligations. Impact of depreciation. Assets can be depreciated. Liabilities cannot be amortized.To learn more about liability from the given link :
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Cub Company, a calendar-year entity, had 3,100 geothermal heating pumps in its beginning inventory for 20X1. On December 31, 20X0, the heating pumps had been adjusted down to $900 per unit from an actual cost of $1,000 per unit. It was the lower of cost or market. Cub purchased no additional units during 20X1. The following additional information is provided for 20X1:
Quarter Date Inventory (units) Unit Market Value
1 March 31, 20X1 1,770 $ 885 2 June 30, 20X1 1,480 930 3 September 30, 20X1 1,340 840 4 December 31, 20X1 990 870 Required:
Please respond to the following two independent scenarios as requested.
a. Case 1: The company does not have sufficient experience with the seasonal market for geothermal pumps and assumes that any reductions in market value during the year will be permanent.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
b. Case 2: The company has prior experience with the seasonal market for geothermal pumps and expects that any reductions in market value during the year will be only temporary and will recover by year-end.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
(1) Cost of Goods Sold per Quarter:
Quarter 1: 3,100 units x $900 per unit = $2,790,000
Quarter 2: 1,770 units x $885 per unit = $1,568,450
Quarter 3: 1,480 units x $930 per unit = $1,374,400
Quarter 4: 990 units x $870 per unit = $855,300
2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 per unit = $2,790,000
Purchases: 0 units x $0 per unit = $0
Total Cost of Goods Available for Sale: $2,790,000
Adjusted Market Value: 3,100 units x $900 per unit = $2,790,000
Total Cost of Goods Sold: $2,790,000
b. Case 2: The company believes that the market value of the pumps will recover during the year.
(1) Determine the cost of goods sold for each quarter.
Quarter Date Inventory (units) Unit Market Value Cost of Goods Sold
1 March 31, 20X1 1,770 $ 885 $1,543,450 2 June 30, 20X1 1,480 930 $1,373,400 3 September 30, 20X1 1,340 840 $1,113,200 4 December 31, 20X1 990 870 $848,300
(1) Cost of Goods Sold for Each Quarter:
Quarter Date Inventory (units) Unit Market Value Cost of Goods Sold
1 March 31, 20X1 1,770 $885 $1,000 2 June 30, 20X1 1,480 930 $1,000 3 September 30, 20X1 1,340 840 $1,000 4 December 31, 20X1 990 870 $900
(2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 = $2,790,000
Purchases: 0 units x $0 = $0
Total Cost of Goods Available for Sale: $2,790,000
Less Ending Inventory: 990 units x $900 = $891,000
Cost of Goods Sold: $1,899,000
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under sec rule 10b-13, a company that is the target of a tender offer must provide its shareholders with a statement indicating acceptance or rejection of the offer within
The concept mentioned is the Tender offers of companies. The answer is it should occur within 10 business days of the announcement.
An SEC rule prohibits a company that has made a tender offer or an exchange offer for another company's stock or bonds from acquiring the stock or bonds by any other means until the offer expires.
This rule exists to help ensure fair play in the request. A tender offer is an offer that an investor makes to the shareholders of an intimately traded company.
The offer is to give or vend, their shares for a specific price at a destined time. In some cases, the tender offer may be made by further than one person, similar to a group of investors or another business.
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if the us saves $1000 billion and the us net capital outflow is -$200 billion, us domestic investment is
If the US saves $1000 billion and the US net capital outflow is -$200 billion, us domestic investment is $1,200 billion.
Gross private domestic investment (GPDI) is a metric used to describe how much money corporations spend domestically. In other words, it serves as a gauge for the amount that businesses and landlords spend on items like inventory, new construction, machinery, and other equipment.
Gross private domestic investment is significant because it provides a reliable indication of how optimistic enterprises feel about their own future commercial prospects. Businesses are more inclined to make investments that will advance their growth when they have confidence. This could then result in an increase in jobs and salaries for workers. The Gross private domestic investment is a reliable predictor of upcoming economic expansion. That's because companies typically make investments in things like new facilities and equipment in anticipation of future expansion.
the us saves = $1000 billion
US net capital outflow = -$200 billion
domestic investment = $1000 - ( -$200) = $1200
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suppose that at one of the talbot's shops, marginal cost of a coat is constant at $150, and total fixed cost is $3,000 a day. the shop maximizes its profit by selling 15 coats a day at $500 per coat. then the shops nearby increase their advertising. the talbot shop responds by spending $1,500 a day more on advertising its coats. as a result, its profit-maximizing number of coats sold increases to 25 a day at $400 per coat. in the scenario above, as a result of increased advertising, talbot's average total cost
The Talbot shop's average total cost increased as a result of increased advertising because the shop had to spend more money in order to increase its sales.
The shop was able to increase its profit-maximizing number of coats sold from 15 to 25 a day, but it had to reduce the price per coat from $500 to $400 in order to do so. This means that the shop incurred an additional cost of $1,500 a day for advertising in order to increase its sales and profits. This additional cost was not offset by the increased sales, resulting in an increased average total cost for the shop.
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which of the following has established guidelines to ensure that insurance companies and heir agents promote their products properly and accurately, without exaggerating the benefits or minimizing the drawbacks?
The Insurance Regulatory and Development Authority has established guidelines to ensure that insurance companies and their agents promote their products properly and accurately, without exaggerating the benefits or minimizing the drawbacks.
The insurance companies that makes the insurance products to take on risks in return for the payments of premiums. These companies my be mutual or shareholders are known as insurer or provider without exaggerating the benefits or minimizing the drawbacks.
The mode of premium most commonly annual, semi-annual, quarterly or monthly.
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Assumptions: These two graphs show two sectors of the labor market for a particular kind of labor. Relevant product markets are competitive. The two labor demand curves are identical and initially the quantities of labor employed in the two sectors are L1 and L'1 and the wage rate in each sector is Wn. Refer to the diagrams and assumptions. The change in employment in sector 1 to which a Wn to Wu union wage increase gives rise will cause output in that sector to: Group of answer choices increase by A + B. decrease by B + C + D. decrease by A + B. decrease by C + D.
In response to the enquiry, this same solution is L1 L2 reduction throughout sector 1.
Explain what a market is.
A market is described as the aggregate of all sellers and buyers inside the region or area under consideration. The area could be the entire planet, or it could be countries, regions, countries, or cities. The value, cost, and cost of items traded in a market are determined by the supply and demand forces. When a product is on the industry, it is available to buy. If it ever hits the market.
What are the various market types?
Market types include:
Monopoly: A monopolistic is a market creation that possesses the characteristics of a pure industry.Oligopoly.The ideal rivalry.Monopolistic rivalry.Monopsony.Oligopsony.Monopoly by nature:To know more about Market visit:
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1) The market capitalization rate on the stock of Aberdeen Wholesale Company is 10%. Its expected ROE is 12%, and its expected EPS is $5. If the firm's playback ratio is 50%, its P/E ratio will be_____.
a. 19.23
b. 12.5
c. 8.33
d. 24.15
If the firm's playback ratio is 50%, its P/E ratio will be 12.5
The ratio for valuing a firm that compares its current share price to its earnings per share is called the price-to-earnings ratio (EPS). The price multiple or earnings multiple are other names for the price-to-earnings ratio.
Investors and analysts use P/E ratios to assess the comparative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company to its past performance or to compare broad markets over time or to one another.
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Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2017, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2017, he and the purchaser signed a contract to sell for $363,000. The sale (i.e., closing) took place on September 7, 2017. The closing statement showed the following disbursements: Real estate agent's commission Appraisal fee Exterminator's certificate Recording fees Mortgage to First Bank Cash to seller $21,780 600 300 800 305,000 34,520 Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2017, Wesley purchases another residence for $325,000. If an amount is zero, enter "O" a. Wesley's recognized gain on the sale is b. Wesley's adjusted basis for the new residence is c.Assume instead that the selling price is $800,000. Wesley's recognized gain is ,and his adjusted basis for the new residence is
As Wesley is single, his maximum 121 exclusion is $250,000. Wesley’s basis for his new residence listed with a real estate agent is its cost of $325,000.
A real estate agent or broker could be one that represents sellers or patrons of real estate or real property. whereas a broker may fit independently, an associate degree agent sometimes works beneath an authorized broker to represent clients.
Brokers and agents are licensed by the state to barter sales agreements and manage the documentation needed for closing land transactions. patrons and sellers are typically suggested to consult a licensed real estate skilled for a written definition of private state laws of the agency. many countries need written disclosures to be signed by all parties outlining the duties and obligations. A real estate broker typically receives a true estate commission for success in finishing a sale.
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Shock Electronics sells portable heaters for $33 per unit and the variable cost to produce them is $21. Ms Amps estimate that the fixed costs are $96,000
a granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. one conveyor can be purchased and installed for $95,000 with $4,500 salvage value after 16 years. the other can be purchased and installed for $95,000 with $5,500 salvage value after 16 years. operation and maintenance for each is expected to be $21,000 and $16,500 per year, respectively. the granary uses macrs-gds depreciation, has a marginal tax rate of 25%, and has a marr of 9% after taxes.
Conveyor 1st is less costly as compare to conveyor 2nd.
We know that:
After tax annual worth (AW) is = NPV/PVAF
Where
NPV= Net present value
PVAF = present value of annuity factor =[tex](1-(1+r)^-p)/r[/tex]
where
r= discount rate =9%
p = period = 16
Therefore
PVAF =[tex](1-1.09^-16)/.09[/tex] = 8.313
For NPV we have to first need to find the cashflows:
cashflows for conveyor 1st:
First cost = 70000 at time 0
Annual after tax cost = 18000 * (1-0.40) = 10800
PV = after tax cost * PVAF = 10800 * 8.313 = 89780
PV of salvage value = 3000/1.09^16 = 756
PV of depreciation tax savings is as follows for conveyor 1st:
time(t) MACRS depreciation depreciation tax PV=[tex]DTS/1.09^t[/tex]
rates shield (DTS)
70000 * rates * 40%
1 14.29% 4001.2 3670.83
2 24.49% 6857.2 5771.57
3 17.49% 4897.2 3781.54
4 12.49% 3497.2 2477.50
5 8.93% 2500.4 1625.09
6 8.92% 2497.6 1489.24
7 8.93% 2500.4 1367.80
PV of DTS 20183.57
Now, by putting values, we get:
NPV = 20183 +756 -70000- 89780 = -138840
AW = -138840/8.313 = -16703 (negetive sign means cost)
Now ,we calculate Cashflow for conveyor 2nd.
First cost = 110000
After AW = 14000 * (1-0.40) = 8400
PV = 8400 * 8.313 = 69829
PV of salvage value = 4000/1.09^16 = 1007
PV of depreciation is for conveyor 2nd
time(t) MACRS depreciation depreciation tax PV=[tex]DTS/1.09^t[/tex]
rates shield (DTS)
70000 * rates * 40%
1 14.29% 6287.6 5768.44
2 24.49% 10775.6 9069.61
3 17.49% 7695.6 5942.42
4 12.49% 5495.6 3893.22
5 8.93% 3929.2 2553.71
6 8.92% 3924.8 2340.23
7 8.93% 3929.2 2149.41
PV of DTS 31717.03
Putting values, we get:
NPV = 31717+1007- 110000- 69829 = -147105
AW = -147105/8.313 = -17697
conveyor 1st AW is -16703 and conveyor 2nd AW is -17697.
Hence, conveyor 1st is less costly as compare to conveyor 2nd.
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Correct question:
A granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. One conveyor can be purchased and installed for $70,000 with $3,000 salvage value after 16 years. The other can be purchased and installed for $110,000 with $4,000 salvage value after 16 years. Operation and maintenance for each is expected to be $18,000 and $14,000 per year, respectively. The granary uses MACRS-GDS depreciation, has a marginal tax rate of 40%, and has a MARR of 9% after taxes.
Determine which alternative is less costly, based upon comparison of after-tax annual worth.
Big Tech Corporation recorded pretax restructuring charges of $981.8 million during the year. The charges consisted of asset write-downs of $647 million, costs associated with exit or disposal activities of $94 million, and employee severance costs of $240.8 million. The company paid $103 million cash to settle these restructuring charges during the year. At year end, the restructuring accrual associated with these charges was: A
At year-end, the charges were $231.8 million
Restructuring charges = $981.8 million
Asset write-down charges = $647 million,
Disposal activities = $94 million,
Employee severance cost = $240.8 million
Amount paid to settle = $103 million
Restructuring is a sort of corporate activity that modifies a company's operations, structure, or debt in a significant way to reduce financial harm and enhance its business. A corporation must pay restructuring fees to increase overall effectiveness and long-term earnings when it restructures its operations. The firm needs to put in the short-term work to make the company profitable in the long run.
Calculating the amount of money at the end of the year:
= Employee severance costs + Disposal activities - Cash paid during the year
= 240.8 + 94 - 103
= 334.8 - 103
= 231.8
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The most recent monthly income statement for Benner Stores is given below:
Total
Store A
Store B
Sales
$ 1,000,000
$ 400,000
$ 600,000
Variable expenses
580,000
160,000
420,000
Contribution margin
420,000
240,000
180,000
Traceable fixed expenses
300,000
100,000
200,000
Store segment margin
120,000
140,000
(20,000)
Common fixed expenses
50,000
20,000
30,000
Net operating income
$ 70,000
$ 120,000
$ (50,000)
Due to its poor showing, consideration is being given to closing Store B. Studies show that if Store B is closed, one-fourth of its traceable fixed expenses will continue unchanged. The studies also show that closing Store B would result in a 10 percent decrease in sales in Store A. The company allocates common fixed expenses to the stores on the basis of sales dollars.
Required:
Determine the monthly financial advantage (disadvantage) of closing Store B.
Answer:
the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.
Explanation:
To determine the financial advantage (or disadvantage) of closing Store B, we need to calculate the net operating income that Benner Stores would have if Store B is closed.
First, we need to determine the new sales and contribution margin for Store A if Store B is closed. Since closing Store B would result in a 10% decrease in sales in Store A, the new sales for Store A would be $400,000 * 90% = $360,000. The contribution margin for Store A would be $360,000 - $160,000 = $200,000.
Next, we need to determine the traceable fixed expenses that would continue unchanged if Store B is closed. One-fourth of Store B's traceable fixed expenses are $200,000 * 1/4 = $50,000.
Then, we need to recalculate the common fixed expenses allocated to the stores based on their new sales. The common fixed expenses allocated to Store A would be $50,000 * $360,000 / $1,000,000 = $18,000.
Finally, we can calculate the net operating income for Benner Stores if Store B is closed:
Net operating income = Sales - Variable expenses - Traceable fixed expenses - Common fixed expenses
[tex]= $360,000 - $160,000 - $50,000 - $18,000= $132,000[/tex]
Therefore, the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.
The inability to complete which of the following activities most likely would prevent an accountant from accepting and completing an engagement for a review of financial statements performed in accordance with Statements on Standards for Accounting and Review Services? Performing inquiries and analytical procedures.
Performing inquiries and analytical procedures is an essential part of a review of financial statements performed in accordance with Statements on Standards for Accounting and Review Services.
Without the ability to perform these procedures, an accountant would not be able to adequately review the financial statements. Without the assurance that the financial statements are accurate and reliable, the accountant would not be able to accept or complete the engagement.
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
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in the course and scope of employment, tanisha, an agent for processed food inc., violates state sanitation regulations by mishandling certain food products distributed by quality transport corporation. in some jurisdictions, liability for the violations could extend to
In some jurisdictions, liability for the violations could extend to Processed Food Inc. Quality Transport Corporation.
Examples of judicial jurisdiction are: appellate jurisdiction, in which a superior court docket has energy to accurate prison errors made in a lower courtroom; concurrent jurisdiction, wherein a fit might be brought to any of two or extra courts; and federal jurisdiction (as adversarial, for example, to kingdom jurisdiction).
Jurisdiction is the authority given to a prison body like a courtroom to administer justice inside a defined subject of responsibility. The superb court docket in India has three sorts of jurisdictions – original, appellate and advisory as furnished in Articles 131, 133 – 136 and 143 respectively of the Indian charter.
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an increase in capital inflows in the united states will result in a(n) _____ foreign currency and a(n) _____ the u.s. dollars in the foreign exchange market.
An increase in capital inflows in the united states will result in an increase in the supply of foreign currency and an increase in the demand for u.s. dollars in the foreign exchange market.
What is the market?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The demand for both tradable and nontradable goods increases as a result of capital inflows, which also raises the relative price of market nontradables and increases the real exchange rate. This is required in order to redirect domestic resources into the production of nontradable in order to satisfy the rising demand.
Therefore, A rise in the foreign currency market's demand for US dollars.
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You are trying to assess the value of a small retail store that is up for sale. The
store generated a cash flow to its owner of $ 100,000 in the most year of
operation, and is expected to have growth of about 5% a year in perpetutity.
a) If the rate of return required on this store is 10%, what would your
assessment be of the value of the store?
b) What would the growth rate need to be to justify a price of $ 2.5 million for this
store?
Answer: A.) 2,100,000 B.) 0.05769 or 5.77%
Explanation:1) If the rate of return required on this store is 10%, Calculation of the value of the store:
Value of Store = 100,000 {(1 + g) / 0.10 - g)}
100,000 {(1 + 0.05) / (0.10 - 0.05)}
= 100,000 * {1.05 / 0.05}
= 100,000 * 21
= 2,100,000
b) Calculation of growth rate need to be to justify a price of 2.5 million for this store:
Value of Store = 2,500,000
\Rightarrow 100,000 {(1 + g) / 0.10 - g)} = 2,500,000
\Rightarrow {(1 + g) / 0.10 - g)} = 25
\Rightarrow (1 + g) = 2.5 - 25g
\Rightarrow 26g = 1.5
g = 1.5/ 26
g = 0.05769 or 5.77%
Most of the time, no matter what the decision, consumers choose the choice that they perceive will deliver the most value to them. True or False
This announcement is true.
The consumers reflect on consideration on a number of things like the characteristics of the product, charge charged, availability of the product at the required region and tons more. The non-public factors consist of age, occupation, lifestyle, social and financial popularity and the gender of the consumer.
Why is consumer decision important?It helps to recognize what makes a patron purchase a product. It is vital to verify the kind of merchandise favored by buyers so that they can launch it to the market. Marketers can apprehend the likes and dislikes of shoppers and sketch base their advertising efforts based on the findings.
What is purchaser decision problem?Consumer Decision Making refers to the method underneath which buyers go thru in identifying what to purchase, inclusive of trouble recognition, data searching, comparison of alternatives, making the decision and post-purchase evaluation.
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https://brainly.com/question/23176347#SPJ4During the sales order entry process, a ________ is performed to compare the quantity ordered with the standard amounts normally ordered. A) completeness test B) redundant data check C) field check D) reasonableness test
A completeness test is carried out during the sales order entry process to compare the quantity ordered with the typical order amounts.
What are the steps in the processing of sales orders?A request for a quote from a vendor is sent by the buyer.
The seller replies with a quote after receiving the request.
The client sends a purchase order after deciding that the quote is reasonable.
After receiving the purchase order (PO), the vendor uses its specifics to create a sales order.
The definition of sales entry orderThe procedures required to enter a customer's order into the seller's handling system are referred to as "sales order entry." When a sales order is entered into a company's sales order management system, this is known as a sales order entry. In other terms, it refers to the procedure for submitting an order to a database.
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a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department. this is an example of inside selling. t/f
The correct answer is TRUE a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department.
In order to create effective sales techniques, it is crucial to understand the many groups that a salesperson represents. The multifaceted nature of representation may assist sales managers put the right demands on their salespeople. Sales managers can also appreciate that salespeople have various responsibilities. prospective sale commission The most efficient technique of advertising when a company's clients are geographically concentrated is personal selling. The sales representative is in charge of soliciting orders from current or future sales outlets while selling items and attending to client demands. When a consumer makes a purchase, they make sure they are pleased and well taken care of. They can create new accounts in this manner for their employer.
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Match the description of each step used to apply the revenue recognition principle with its step number.: 1. Allocate the transaction price to each performance obligation 2 Determine the transaction price 3. Identify the contract with a customer 4.Identify the performance obligation(s) in the contract 5. Recognize revenue when (or as) each performance obligation is satisfied
To apply the revenue recognition principle, here are the steps:
Identify the contract with a customer.Identify the performance obligation(s) in the contract.Determine the transaction price.Allocate the transaction price to each performance obligation.Recognize revenue when (or as) each performance obligation is satisfied.What is Revenue Recognition Principle?The revenue recognition principle is one of the principles used in accounting. This revenue recognition principle is used to identify in which revenue is recognized and determines how to account for it. The revenue recognition principle uses accrual accounting. The main purpose of using this principle is to dictates that companies recognize revenue as it is earned, not when they receive payment.
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Cane Company manufactures two products called Alpha and Beta that sell for $155 and $115, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 110,000 units of each product. Its unit costs for each product at this level of activity are given below:AlphaBetaDirect materials$24$12Direct labor2326Variable manufacturing overhead2212Traceable fixed manufacturing overhead2325Variable selling expenses1915Common fixed expenses2217Total cost per unit$133$107The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are deemed unavoidable and have been allocated to products based on sales dollars.
Sand (including silica sand), clay, hard rock, limestone (including metallurgical limestone), gravel, and other building and road-building supplies are considered basic raw materials (BRM).
A raw material, which is also referred to as a feedstock, an unprocessed material, or a primary commodity, is a kind of fundamental resource that is used to make other materials, such as intermediate materials that will be used as feedstock for finished items in the future. The phrase "feedstock" implies that these resources are bottleneck resources needed to manufacture other goods. The term "raw material" refers to substances that have not undergone any processing or have undergone very little processing, such as raw latex, crude oil, cotton, coal, raw biomass, iron ore, air, logs, and water, or "any product of agriculture, forestry, fishing, or mineral in its natural form or which has undergone the transformation required to prepare it for international marketing in substantial volumes."
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FILL IN THE BLANK. ___ serves society in three functions: medium of exchange, unit of account, and store of value.
Money serves society in three functions: medium of exchange, unit of account, and store of value.
Money is a medium of economic exchanged accepted by general consent. Money serves as currency which prices and values are express and circulates anonymously. Money facilitates trading activities and is the principal measure of wealth.
Money has several properties, such:
FungibleDurablePortableRecognizableStableBeside serving as the medium of exchange, money has several secondary functions. Money can act as a unit of account to keep track of changes in the value of item over time and multiple transactions. Money allows people to compare the values of various combination of different products.
Money can store its monetary value for use in the future without having that value deteriorate. This function makes saving and engaging in transactions over long distance and time to be possible. Money also can be used to transfer value over different time period in the form of credits and debts.
Money also come in several different types:
Commodity moneyFiat moneyBank moneyCommodity money refers to a good with value and serves as the value of money. Commodity money usually used in the ancient time and currently used in a form of investment suc as gold coins and bars.
Fiat money is a good, which its value is less that the value it represents as money. Dollar bills are an example of fiat money because their real value as a slip of paper is much less than the printed value they have as money.
Bank money includes book credit and checks. Bank money are bank's attribute that can also be use in transaction and have the value of money.
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