Samuel was recently hired as a risk management professional for Parker Property Management. He has been asked by senior management to review the organization's current insurance policies to make sure that the organization is adequately protected, and also see if there are any opportunities to save on the premiums. Samuel must do which one of the following through internal communication before he will be able to complete this task?
Select one:
A. Earn the confidence of the organization's board of directors
B. Determine the organization's risk appetite
C. Become familiar with industry regulations
D. Identify all of the risks that the organization faces

The word "policy" should be included in the list of major accounting policies. The sole policy among the options is the one pertaining to revenue recognition. The correct answer is option (D).

The goal of revenue recognition is to determine when a company has truly made money. Revenue is typically recorded whenever the performance requirements are deemed satisfied, and the organization can easily quantify the financial amount.

The commitment to offer a consumer a "unique" commodity or service is known as a performance obligation. Although it can appear straightforward at first, whether or not a performance obligation is regarded met depends on a number of different things. A company's financial reporting accuracy directly depends on accurate revenue recognition, hence it is essential.

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Answer:

The correct answer is D) ($62,000).

Explanation:

To find the net cash flows provided by (used in) investing activities, we need to calculate the total amount of cash that was spent on purchasing equipment, minus the total amount of cash that was received from selling equipment. In this case, Dover spent $70,000 on purchasing equipment and received $8,000 from selling equipment, so the net cash flows provided by (used in) investing activities is $70,000 - $8,000 = $62,000.

The other options given are incorrect because they do not take into account both the purchasing and selling of equipment.

Option A) only considers the increase in the Equipment account, which does not provide a complete picture of the company's investing activities.

Option B) only considers the amount spent on purchasing equipment, ignoring the cash received from selling equipment.

Option C) only considers the amount received from selling equipment, ignoring the cash spent on purchasing equipment.

119.5% for Year 2 and 100.0% for Year 1. Net sales are calculated by subtracting a company's gross sales from its returns, allowances, and discounts.

Externally, net sales calculations are not always transparent. They are frequently included in the reporting of top-line revenues on the income statement. You can subtract all other deductions, such as discounts, returns, and allowances, from the total number of sales. For example, if your gross sales are $100,000, your net sales are $96,000 minus $2,000 in sales discounts, $1,000 in sales allowances, and $1,000 in sales returns. Net sales are total revenue minus sales returns, allowances, and discounts.

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Advertiser Meyong hired office support staff for a company that had not yet been formed.

      If the subsequent agreement with the company and the employees contains an extension clause, Liz avoids liability arising from the extension agreement. Doing business as a self-managed company is called associational corporatism. The company is not considered. a citizen of the country where it is incorporated and a citizen of the country where it has its principal place of business.

      A joint stock company is best thought of as a cross between a sole proprietorship and a corporation. Limited liability means that shareholders cannot be held personally liable for the company's debts, but can still lose their capital investment.

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The real value of a variable:

The nominal value of a variable:

The real value of a variable refers to its value adjusted for changes in purchasing power over time, typically accounting for inflation or changes in relative prices. It represents the variable's purchasing power or quantity in terms of goods and services, enabling comparisons across different time periods.

Therefore, the real values of the variables are: the price of a paperback is 1.75 lattes in 2017, Yesmina's wage is $28.00 per hour in 2017, and the price of a paperback is $7.00 in 2017.

The nominal value of a variable refers to its value expressed in current or nominal terms without adjusting for changes in purchasing power or inflation. It represents the variable's value as stated or observed at a specific point in time, without accounting for the effects of inflation or changes in relative prices.

Therefore, the nominal values of the variables are: the price of a latte is $4.00 in 2017, Yesmina's wage is 4 paperbacks per hour in 2017, and the price of a latte is 0.57 paperbacks in 2017.

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Lloyd can elect to forgo the use of the § 121 exclusion on the sale of the mountaincabin. Then the § 121 exclusion can be used on the sale of the beach house.

Lloyd’s principal residence is the beach house. This is the residence in which he lives most of the time. His recognized gain on the sale of each residence is calculated as follows:

Particulars Beach House Mountain Cabin

Amount realized    

Selling price 700000 540000

Selling expenses 42000 35000

 658000 505000

Adjusted basis 300000 315000

Realized gain 358000 190000

§ 121 exclusion 250000 0

Recognized gain 108000 190000

Particulars         Beach House        Mountain Cabin

Amount realized    

Selling price                 700000    540000

Selling expenses            42000  35000

                                   658000 505000

Adjusted basis           300000 315000

Realized gain                   358000 190000

§ 121 exclusion           250000 0

Recognized gain            108000 190000

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A Common stock's par value is typically set at a low amount and has little meaning today other than being used by some countries to assess freights.

Holders of common stock choose the board of directors and vote on commercial programs. Common stock represents a residual claim to a company's ongoing and coming gains.

As similar, shareholders are said to be part possessors in a company. These effects are possessed by the pot itself, which is a legal reality. rather, the shareholders enjoy this residual claim.

Common stock is traded on exchanges and may be bought and put up by investors or dealers. Shareholders of common stock may be entitled to admit tips.

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At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $16,600. by the end of the year, actual bad debts total $19,000. Record the write-off to uncollectible account. Following the write-off, the balance of Allowance for Uncollectible Accounts is $2,400.

Uncollectible accounts, commonly referred to as bad debts, are obligations owed by individuals to a company. They are receivables with almost no value because they won't be paid back.

The balance of Allowance for Uncollectible Accounts can be calculate as follows

The balance of Allowance for Uncollectible Accounts = Actual bad debts - Beginning balance in Uncollectible

The balance of Allowance for Uncollectible Accounts = $19,000 - $16,600

The balance of Allowance for Uncollectible Accounts = $2,400 debit

your question is incomplete but most probably your full question was

At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $16,600. by the end of the year, actual bad debts total $19,000. Record the write-off to uncollectible account. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?

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Gain or Loss Maude and others recognize are

Gain/loss recognized:

Maude-$0

James-$0

Harold-$0

Jenny-$0

None recognize gain because debt relief is not an excess of interest basis in interest paid.

In well-known, debt that enables you to attain your desires, like owning a domestic, procuring school, or beginning a commercial enterprise, might be taken into consideration well. appropriate debt can also assist you to construct credit if you've practiced responsible credit use through the years—and if that account hobby is pronounced to credit score bureaus.

Fairness market. while the credit market gives traders a danger to invest in company or customer debt, the equity marketplace offers investors a danger to invest within the fairness of a company. as instance, if an investor buys a bond from a corporation, they are lending the corporation cash and making an investment in the credit score market.

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The item's reorder level would be 152 units. Therefore, it can be said that option (c) is the one that applies to this question.

Demand in economics is understood as a consumer's willingness and desire to buy products and services at a specific price.

Demand generally decreases as a product's price increases. The needed sum will increase if the cost of a commodity or service decreases. The term "demand" is generally known to both consumers and businesses because it makes sense and naturally develops throughout almost any day. Customers that keep an eye on certain items, for example, might purchase more of them when the price decreases. Every time anything happens, consumers often buy less things or occasionally nothing at all.

Re-order level = (Maximum daily usage rate × lead time ) + Safety stock

= (20 × 7) + 12

= 140 + 12

= 152 units

Therefore, the reorder (R) level for the item would be 152 units.

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Harriet wants all of her team members to receive a raise, so she gives them all a high 1 rating. Leniency errors is she falling prey to.

Equilibrium scorecard

It is a tool for assessing an organization's performance. It emphasizes both financial and non-financial factors, including customer, internal company, innovation, and learning views.

The reliability of a performance measure is its constancy. The reliability of a performance metric refers to the degree to which individuals who use it believe it to be sufficient or adequate.

The subset of performance indicators that is most important to your business at the highest level of your organization are known as key performance indicators (KPIs). KPIs are used to track your advancement in achieving your strategic objectives.

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B)104.

The $100 premium for this bond is amortized over ten years: $10 results from dividing $100 by 10. Then, multiply the annual amortization amount ($10 x 6 = $60) by the duration of the bond. Lastly, deduct the amortized premium ($1,100 $60 = $1,040, or 104) from the bond's original purchase price.

Municipal bonds are debt securities that are issued by states, cities, counties, and other public organizations to pay for ongoing expenses as well as to fund capital projects like constructing schools, roadways, or sewers System.

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A lender, buyer, or other party in whose favour a security interest is held is referred to as the secured party. The party owing payment or fulfillment of the secured obligation is known to as the debtor.

Debt is the amount owed by the borrower to the lender. A debt is an amount of money that has been borrowed for a specified time period and must be repaid, plus interest. The borrower's credit affects both the debt's size and its acceptance.

Secured debt, secured debt, revolving liabilities, and mortgages are the four basic categories of personal debt. While outstanding debt is not backed by any kind of security, secured debt does

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For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. sales revenue and account receivables is $240 and $17 which is shown in the following table.

Sales revenue is the profit a company earns from supplying products or providing services. Sales and profits can, and prevalently are, employed interchangeably to describe to the very same thing in bookkeeping. It is imperative to remember that revenue is not always equate to revenue generated. The proportion of products and services sold multiplied by the unit cost is used to compute sales income. The proceeds or money that the organisation will obtain from its clientele who have subsidized their acquisition of its goods and services are known as accounts receivable (AR).

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Database of customers  is an example of a TPS.

A sort of information system called a "transaction processing system" (TPS) gathers, saves, alters, and retrieves the data transactions of an organization. Even while this is not as crucial as it is for real-time systems, transaction processing systems still make an effort to ensure predictable response times to queries.

This system monitors the flow of daily transactions that are required for business operations.

A method of computing known as transaction processing separates work into discrete, indivisible activities known as transactions. A software system, or software/hardware combination, that supports transaction processing is known as a transaction processing system.

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From their financial records, Fieldman Corporation discovered the following data: Sales of $19,000 $12,000 worth of first completed products inventory, Inventory of finished items of $8000 $9,00 in costs of goods sold The Cost of Goods Manufactured at that time was $5,000.

The cost required to convert raw materials inventory into finished goods inventory during a predetermined time period is referred to in accounting as the Cost of Goods Manufactured (COGM).

You must include your direct materials, direct labor, and manufacturing overhead to determine the cost of items created in order to get the entire manufacturing cost for your company.

Particulars                                                       Amount($)

Cost of Goods Sold                                      9000

Add: Ending Finished Goods inventory       8000

Less: Beginning Finished Goods inventory       12000

Cost Of Goods Manufactured                       5000

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D) The enterprise architecture's layers are as follows: technology, application, information, and business.

Business architecture, information architecture, information systems architecture, data architecture, and data delivery systems are all included in a five-layer model.

The article focuses specifically on the four most well-known EA frameworks: DoDAF, TOGAF, the Zachman Framework, and FEAF.

Michael Platt, a director in the strategic projects group at Microsoft, offers four perspectives on enterprise architecture: the application perspective, information perspective, technology perspective, and business perspective.

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The correct answer to the given question about Game Theory is option c) The science of making good decisions in situations involving strategic interactions.

In order to imagine social scenarios with rival participants, game theory provides a theoretical framework.

It can be used to set up real-world scenarios and forecast their results in a variety of contexts, including pricing competition and product introductions, among many others.

Among many others, scenarios include the dictator game and the prisoner's dilemma.

Cooperative and non-cooperative games, zero-sum and non-zero-sum games, and simultaneous and sequential games are a few of the several varieties of game theory.

Question:

game theory is:

a) a view on the development of children's games and toys.

b) the analysis of market forces when there is role reversal for buyers and sellers.

c) the science of making good decisions in situations involving strategic interactions.

d)  a view on decision making when clear paths to optimum outcomes are known.

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51% of customers will never do business with a company again after one negative experience.

A happy customer is more likely to become a loyal one who can help you increase income, therefore a pleasant customer experience is essential to the success of your business.

The best marketing investment you can make is a client who will advertise your company on your behalf. These are people who are devoted to your brand, spread the word about it, and recommend your goods and services to others.

A company's disregard for what ought to be its top priority: the caliber of consumers' experiences, as shown by an abundance of features, tempting rebates, and a lack of personalized service.

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Option d is Correct. In an inflationary economy, FIFO is the inventory-costing approach that will result in a greater inventory turnover ratio, presuming stable inventory amounts (first in, first out).

When an economy is described as being inflationary, it suggests that prices are generally growing swiftly. The FIFO approach should not be used by a business when inflation is high because it will cause it to exaggerate its profit and understate its COGS. In the end, they might even sell their goods for less than their actual cost. For instance, suppose the business purchased 100 units in January for $10 each with the intention of selling them for $20 more.

However, because the rate of inflation is so high—for example, 15%—the price of the same units when the corporation next purchases them will have significantly increased. If they purchased 50 units in July, they most likely paid $11 each unit. Instead of getting a 20% gross profit when the corporation sells the units for $12, they will only make a gross profit of roughly 10-13%. Imagine how much worse things would be if inflation was 50% rather than 15%. Always employ the LIFO approach when there is high inflation. Businesses that adopt the FIFO strategy in an economy with high inflation will not be eager to sell many units.

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Depreciation expenses, loss on sale of assets, and gain on retirement of debt are never reported on the statement of cash flows using the direct method.

Under the direct method, only specific cash flows activities associated with items that affect cash flows are presented in the statement of cash flows. Those typical items include:

Direct method reveals the operating cash receipts and payments, unlike the indirect method. Any other account such as depreciation and amortization, loss on sale of assets, and gain on retirement of debt will be recorded under the Reconciliation of net income to net cash provided by operating activities, separated from the Statement of Cash flows.

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Option 1 and 3 are correct. Under the Uniform Securities Act, prepaid advisory fees,

The Uniform Securities Act is a model regulation made as a beginning stage for state-level protections guideline. The motivation behind the  Uniform Securities Act is to manage protections misrepresentation at the state level and to help the Securities and Exchange Commission (SEC) in implementation and guideline

Since not all ventures are covered governmentally and not all speculation vendors are enrolled at the administrative level, the SEC can't safeguard all financial backers and seek after all security infringement. This made the requirement for state-level guidelines, for example, the  Uniform Securities Act to additionally safeguard financial backers. Each state has its own security regulations casually alluded to as the "blue sky laws."

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The prepaid SWAP price Corn is $14.78.

The prepaid SWAP price Corn

=  $5 / (1 + 0.02)  +  $5.2 / (1 + 0.025)2  +  $5.35 / (1 + 0.028)3

=  $5 / 1.02  +  $5.2 / 1.05  +  $5.35 / 1.086

=  $14.78

A swap is a by-product contract via which parties alternate the coins flows or liabilities from exclusive monetary contraptions. maximum swaps involve cash flows based totally on a notional predominant quantity including a loan or bond, despite the fact that the device may be almost whatever.

Swap refers to an change of 1 financial device for every other among the parties concerned. This change takes location at a predetermined time, as specified within the contract. Description: Swaps are not change oriented and are traded over the counter, normally the dealing are oriented via banks.

Swaps are by-product contraptions that constitute an agreement among parties to change a sequence of coins flows over a particular period of time. Swaps offer exquisite flexibility in designing and structuring contracts primarily based on mutual agreement.

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Evermore Bank must file a financing statement with the secretary of state.

In order to perfect its security interest in Danica's motorcycle, Evermore Bank must file a financing statement with the secretary of state. A financing statement is a legal document that establishes and records the bank's interest in the collateral (in this case, Danica's motorcycle).

By filing with the secretary of state, the bank ensures that its interest in the collateral is protected and that other creditors will be aware of the bank's lien. Therefore the correct answer is a.

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The complete question is given below:

danica borrows $1,000 from evermore bank, using her motorcycle as collateral. to perfect its security interest, the bank must file its financing statement with

a. the secretary of state.

b. the county clerk.

c. the city treasurer.

d. the ward alderman.

A general obligation bond is a bond that is supported by the government that issued it's full faith and credit as well as limitless taxation authority.

Bonds classified as investment grade received ratings of "AAA" to "BBB-" from Standard & Poor's and "Aaa" to "Baa3" from Moody's. Lower ratings apply to junk bonds. All other things being equal, a bond's interest rate will be lower the higher its grade.

Savings bond, corporate bond, municipal bond, and treasury institutions. Each sort of bond has its own vendors, goals, purchasers, and risk-to-return ratios. Bond-based instruments, such as bond mutual funds, can also be purchased if you want to profit from bonds.

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PV in total is $2,736.39

The discounted cash flow (DCF) formula is the sum of the cash flow for each period divided by one plus the discount rate (WACC) raised to the power of the period number.

Providing the following details:

Annual Cash Flow

1 $ 870\s2 950\s3 0\s4 1,540

We must first determine the actual annual discount rate:

Discount rate each quarter = 0.08/4 = 0.02.

Real annual interest rate is equal to [(1+i)n]. - 1

Real annual interest rate is equal to [(1.024) - 1].

Rate of real yearly interest = 0.08243

We can now determine the cash flows' present value:

PV = Cf/(1 + I ) n

Year 1= 870/1.08243= 803.75

Year 2= 950/1.08243^2= 810.82

Year 4= 1,540/1.08243^4= 1,121.82

PV in total is $2,736.39

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$25,000 Negative net present value to be offset / Present value factor $13,950 / 0.558 = $25,000.

If your calculation results in a negative net present value, this means the money generated in the future isn't worth more than the initial investment cost. A negative net present value means this may not be a great investment opportunity because you might not make a return.

If the calculated NPV of a project is negative (< 0), the project is expected to result in a net loss for the company. As a result, and according to the rule, the company should not pursue the project.

Additionally, a negative NPV means that the present value of the costs exceeds the present value of the revenues at the assumed discount rate. Any investment will produce a negative NPV if the applied discount rate is high enough.

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A company with a 175-day cash conversion cycle can increase its typical payment time from 30 to 45 days. As a result, the cash conversion period will shorten by 15 days. Hence, Option A is correct.

The length of time it takes for a business to turn money spent on manufacturing and sales into cash is known as the cash conversion cycle. It is used to gauge how well a company uses its working capital.

Learn how to calculate the cash conversion cycle and how to apply it in analysis. The cash conversion cycle is a crucial business indicator that illustrates how effective a company is.

A company can monitor it to understand how rapidly cash is being converted from sales into cash and vice versa. It helps business owners to have a comprehensive understanding of their cash flow situation.

Therefore, Option A is correct.

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The important risks and assumptions part of the business plan should account for the possibility that - competitors may go for underpricing.

It is acknowledged that there are critical risks involved with development when a business is first launched.

Some of these assumptions should be included in the business plan. Investors may seriously doubt your business's trustworthiness and the value of their financial investment if they learn about some unreported bad aspects of your business or its product.

Using a price strategy based on competitors to undercut the competition. The goal of a penetration strategy is to grow market share by entering a market with prices that are much lower than those of the competition.

The business plan is supposed to identify the issues and dangers that must be managed during the development and expansion of the organization.

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Correct answer: Option D) None of the statements is false itself is a false statement .

Gain on Exchange of like kind business / investment real property are not recognized until there is a exception case.

Exception is that is any boot is also received  in exchange along with property , the gain arised on exchange will be recognized to the extent of lower of 1) capital gain realized 2) boot received.

Here capital gain realized will be $48,000 + $3,000 - $44,300 = $ 6,700 gain.

This gain will be recognized to the  extent of lower of the following:

$6,700 or $3,000 = lower = $3,000 gain recognized

Itak basis for new property = adjusted basis of property  given up - boot received + gain recognized

= 44,300 - 3000 + 3000  

= $ 44,300 basis of new property.

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