When using earned value techniques, Actual Cost (AC) refers to the total of costs incurred in accomplishing work on the activity during a given period is true.
What does the term "total real cost" mean?The total amount needed to acquire an asset is its actual cost, which may take into account a variety of elements. the cost that was charged by your provider. the expense of delivering the asset. the price of establishing the asset. the price of evaluating the asset.
Which value actually means?Subtracting any depreciation, the replacement value is the same as the actual cash worth. There are rules for declaring the worth of the products while importing them. Customs duty and other taxes are determined using this number as a starting point. The worth of an imported good can be determined using a variety of techniques.
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In the context of international business negotiations, representing Japanese negotiators as having a samurai kind of company loyalty is an example of:
In the context of international business negotiations, representing Japanese negotiators as having a samurai kind of company loyalty is an example of: Stereotyping
A stereotype can be defined as an accepted, condensed, and essentialist opinion usually about a certain population.It is used to negatively visualize many factors like age, gender and so onStereotypes are traits that society automatically ascribes to particular groups of people in order to categorize them according to factors like age, weight, occupation, skin tone, gender, etc.
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Sixteen years ago, Ms. Cole purchased a $648,000 insurance policy on her own life and named her son as sole beneficiary. She has paid $40,176 total premiums to keep this policy in force. a. This year, she liquidates the policy for its $49,896 cash surrender value. Does she recognize income on the liquidation? b. Now assume that Ms. Cole is terminally ill. The insurance policy provides that a person with a life expectancy of less than one year can liquidate the policy and receive 80 percent of the death benefit. She does so and receives a $518,400 accelerated death benefit. Does she recognize income on the liquidation?
Ms. Cole recognize income on the liquidation in requirement A and does not recognize income on the liquidation in requirement B.
Give a brief account on insurance policy.The insurance policy, which is often a standard form contract between the insurer and the policyholder, outlines the claims that the insurer is legally obligated to cover. For an initial payment known as the premium, the insurer promises that it will pay for losses brought on by risks covered by the conditions of the policy. Insurance contracts are made to address particular needs, so they have several aspects that are uncommon in many other forms of contracts. Insurance policies are standard forms, thus they contain boilerplate wording that is the same for many different kinds of insurance policies.
To solve the question :
A
Does she recognizes income on the liquidation? Yes
Recognized Income (49896-40176) $ 9,720
B
Does she recognizes income on the liquidation? No
Recognized Income Nil
In Requirement B, the liquidation income is $518,400 which is not taxable.
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The complete question is attached below.
Allocating total project costs for the various elements to the appropriate work packages will establish O the committed costs for the work package, O the anticipated expense for the work package, O how to apply resources to the work package, O a total budgeted cost (TBC) for each work package.
Allocating total project costs for the various elements to the appropriate work packages will establish b) the anticipated expense for the work package.
The expected expenditures for all the activities are added up to create the project budget. To construct a time-phased baseline budget that is used to evaluate the project's cost performance, the budget must then be divided across the anticipated duration of the project.
Once the project has begun, it is crucial to keep an eye on actual costs and the gained value of the job done. It might not be possible to predict the expenses for all activities at the outset of the project. In particular, this is valid for longer-term projects.
While estimating the costs for immediate operations may be simpler, as the project moves forward, the project team can gradually develop the projected costs as more knowledge or clarity becomes available to allow for more accurate estimated costs..
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When financial statements contain a departure from GAAP, the auditors should explain the unusual circumstances in a separate paragraph and express an opinion that is
a. Adverse
b. unmodified
c. qualified
d. qualified or adverse, depending on the overall materiality and pervasiveness of the GAAP departure.
Option B, unmodified The auditors should provide a separate explanation of the atypical circumstances and provide an opinion when financial GAAP statements deviate from.
The auditors unmodified should provide an explanation of the atypical circumstances in a separate paragraph and provide their opinion when financial statements deviate from GAAP since doing so would otherwise be misleading. In unmodified the event that there is a significant deviation from GAAP in the financial statements, the auditor should specifically describe the type of divergence and, if determinable, GAAP the dollar implications. Auditors must explain why they are unable to offer an unqualified opinion.
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If you were in Chris’s position would you have attended the interview covered in paint? Why
or why not? What did this show about Chris’s drive?
Yes, despite the fact that I knew it could make or break my career, I would attend the interview. I would accept the risk and hang onto the remote chance I had of getting the job.
What is The Pursuit of Happyness about?A struggling salesman who is about to embark on a career that will change his life obtains custody of his son. The true story of entrepreneur Chris Gardner's rise from poverty to success is told in the movie "The Pursuit of Happiness." An inspirational drama starring Will Smith is based on the real-life journey of a single father who moved from being homeless to being a prosperous businessman.
The story of Pursuit of Happyness begins in 1981 in San Francisco, when Chris Gardner, a salesman, invests his entire life savings in portable bone-density scanners. Although he is successful in selling most of them, the gap between his income and growing financial needs enrages his already bitter and estranged wife, Linda, who works as a lodge maid. Despite their worries about Christopher Jr., their soon-to-be five-year-old son, the financial volatility is destroying their marriage.
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according to international financial reporting standards, the revaluation of equipment when fair value exceeds book value results in a(n) : Multiple Choice
decrease in net income.
increase in net income.
increase in other comprehensive income.
decrease in other comprehensive income.
increase in other comprehensive income. A loan principal or an intangible asset like intellectual property might regularly have its book value decreased over a predetermined period of time by using amortization in accounting.
In contrast to amortizing a net actuarial gain for pensions, a net actuarial loss for pensions will result in a fall in retained earnings and a rise in cumulative other comprehensive income.As a result, there will be $35 million in cumulative other comprehensive income on the balance sheet from the previous year. The components of other comprehensive income that were created during the reporting period ($15 million) and the comprehensive income accumulated over the current and prior periods ($50 million) are the two aspects of other comprehensive income that are reported.
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Question 1
A. Explain the different factors that affect modes of entry into international business. In relation to this attempt to assess the potential reasons for going international by Ethiopian business organizations/enterprises.
B. Briefly explain the different modes of entry into international business and suggest those that could best work for Ethiopian international traders or investors.
Question 2
Thoroughly explain the concept, causes, blessings and curses of globalization. In view of this argue against or for regarding the decision of Ethiopia to join WTO as a member country.
Question 3
• Why a country should engage in international business? Substantiate your argument with at least four theories of international trade.
Question 4
A. What do we mean by international business, multinational business, global business and transnational business? Clearly present the differences that underlie them.
B. Where do you generally categorize Ethiopian businesses that are currently operating in the international trade/investment arena? Why?
Question 5
Explain the concept of country of origin effect in the conduct of international business. Assess its impact on developing countries like Ethiopia and suggest some potential remedies to minimize those impacts that are of negative.
The different factors that affect modes of entry into international business.
Market size and potentialLevel of riskInvestment requirementsDegree of controlLegal and regulatory environment1b. There are several modes of entry into international business, including exporting, licensing, franchising, joint ventures, and direct investment. Ethiopian international traders or investors may choose to enter a foreign market through exporting, which involves selling goods or services to customers in other countries without establishing a physical presence there. Licensing involves allowing a foreign company to use a company's intellectual property (such as trademarks, patents, or technology) in exchange for royalties. Franchising involves allowing a foreign company to use a company's business model and brand in exchange for a fee.
2. Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, ideas, and culture. It is driven by advances in transportation, communication, and technology, as well as liberalized trade policies and the removal of barriers to cross-border investment. The blessings of globalization include increased economic growth, greater access to a wider range of goods and services, and the sharing of knowledge and technology. The curses of globalization include the displacement of workers and the loss of jobs in some industries, as well as the potential for increased income inequality and cultural homogenization.
3. A country should engage in international business for several reasons. First, international trade can help a country to access a wider range of goods and resources, which can improve the standard of living for its citizens. Second, international trade can help to stimulate economic growth and development, as it allows a country to specialize in the production of certain goods and services in which it has a comparative advantage. Third, international trade can help to diversify a country's economy and reduce its reliance on a single industry or market. Fourth, international trade can help to expose a country's firms to new ideas and technologies, which can lead to increased innovation and competitiveness.
4. International business refers to business activities that involve the exchange of goods, services, or resources across national borders. Multinational business refers to a company that operates in multiple countries and has a significant presence in each of those markets. Global business refers to a company that operates in multiple countries and has a centralized, global approach to its operations. Transnational business refers to a company that operates in multiple countries and has a decentralized, local approach to its operations, with a focus on adapting to local conditions and customs.
B. Ethiopian businesses that are currently operating in the international trade/investment arena could be considered multinational or transnational businesses. This is because many of these businesses have a strong presence in Ethiopia and are also expanding into other countries, but they also tend to have a focus on local adaptation and building relationships with local partners.
5. The country of origin effect refers to the influence that a product's country of origin has on consumer perceptions and purchasing decisions. This can affect developing countries like Ethiopia in a number of ways. On the other hand, if a country has a reputation for producing high-quality goods or for having strict labor and environmental regulations, it may be easier for companies from that country to sell their products overseas. Potential remedies to minimize the negative impacts of the country of origin effect on developing countries include improving the quality and reputation of products, investing in marketing and branding efforts to promote the country's image, etc.
What is the mode of entry about?There are several factors that can affect the mode of entry that a business chooses when entering the international market. Some of the main factors include:
Market size and potential: The size and potential of the target market can influence the mode of entry. Level of risk: The level of risk associated with a particular mode of entry can also be a factor in the decision-making process.In relation to Ethiopia, potential reasons for Ethiopian business organizations/enterprises to go international could include seeking new markets for their products or services, accessing new sources of raw materials or technology, and expanding their operations to take advantage of economies of scale. The specific mode of entry chosen by an Ethiopian business may depend on a combination of the above factors, as well as the specific goals and resources of the business.
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Assume that the government receives one million dollars in tax revenue and spends 1.2 million dollars on its programs in tax expenses. This is an example of budget _____.
This case of the government is an example of budget deduction.
What is a budget?A budget is a calculation for a set period of time, usually a year or a month, usually with a financial component but not always. A budget could incorporate anticipated sales volume, revenues, and costs in addition to other environmental effects like greenhouse gas emissions, assets, liabilities, and cash flows. Budgets provide organizations like enterprises, governments, families, and other social groups with a quantifiable means of expressing their overall plans of action. A budget lists planned expenses as well as ideas for how to pay for them. When spending exceed income or other available resources, a budget may show a surplus of resources that can be used in the future or a deficit. A budget is a summary or plan of the resources and costs that a government expects to incur.
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based on the assumption that doing the same basic task over and over is the primary cause of worker dissatisfaction, job enlargement was developed to increase the total number of tasks that workers perform.
Increase in training expenses, unions claim compensation increases because employees are performing more duties, although labor frequently stays monotonous and repetitive Job Enlargement.
What is worker dissatisfaction?When an employee's expectation for their employment are not satisfied, it results in job dissatisfaction. As a result, they have a negative opinion of themselves and lack desire and dedication to their jobs and the business. This ultimately has an impact on the organization's performance and bottom line.
How may a worker communicate dissatisfaction with their job?Informing your boss of your displeasure with your employment is one of the easiest ways for employees to communicate their discontent. Give your boss a list of the exact reasons why you have been unhappy at work and request assistance.
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when discussing foreign currency, consolidation refers to ensuring that all monies are traded in the same currency, such as the dollar or the euro. T/F
When discussing foreign currency, consolidation refers to ensuring that all monies are traded in the same currency, such as the dollar or the euro is true.
What is consolidated currency?Multi-currency consolidation is simply the process of integrating the financials of your foreign entities (with several reporting currencies) into a single company (with one reporting currency). Foreign currency consolidation is the process of integrating the financial statements of the parent firm and the foreign subsidiaries to simplify foreign currency financial statements.
Consolidating foreign currencies serves to do away with the requirement for currency conversion when the parent company's financial statements are being prepared. The money is traded in the same currency to prevent these complications during international trade and transactions. The dollar or the euro are the two most frequently traded currencies. The temporal method and the current rate method are the two approaches to currency conversion.
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There are a variety of what on the market that can be used for curing meats that contain seasonings like paprika, pepper, onion powder, and chili powder?
There are several products available on the market for curing meats that include spices like paprika, pepper, onion powder, and spice rubs with chili powder.
What is the fundamental component of the grade manger's food preservation system?salt. It is the fundamental component at the heart of nearly every grade manger preservation technique. Salt alters the composition of food and makes it less susceptible to decomposition and rot by pulling away the water, blood, or other impurities from foods.
What is the name for a foodstuff that is perfectly preserved through slow cooking before being kept in oil or fat?Traditionally, the term "confit" simply means any type of preserved food, including meat, fruit, and vegetables. Food is preserved by being cooked slowly in a liquid that discourages bacterial growth.
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when you post inventory differences, the system adjusts the book inventory values and book values so that they correspond with which of these measures?
The system adjusts book inventory values and the book values so that they correspond with D - Actual Stocks and Stock Values.
What is an inventory?The products and supplies that a business keeps on hand with the goal to sell, produce, or use them are referred to as inventory. Inventory management's primary goal is to specify the dimensions, configuration, and location of stocked goods. At various points inside a facility or across a supply network, it is important to move production and material inventories ahead of the regular and scheduled course. Inventory, as used in a manufacturing production system, refers to all finished work, including raw materials, partially finished products, finished items that haven't been sold yet, and finished goods that have left the manufacturing system. Inventory in the context of services refers to all work accomplished prior to sale, including partially processed information.
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Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market reforms.(a) What was the average annual economic growth rate in China over the 20 years from 1959 to 1978?b) Chinese per capita real GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1979 and 1986?
a. Between 1959 and 1978, China saw an average yearly economic growth rate of 3.5%.
b. From 1979 through 1986, the average yearly economic growth rate was 10%.
How quickly is the economy expanding?The value difference between all goods and services produced during a specific time period and those produced earlier in the same time period, expressed as a percentage, is a country's economic growth rate. Using its growth rate, an economy's comparative health across time is determined.
Based on the 70 ruleAccording to the rule of 70, the number of years before a variable doubles can be estimated by dividing 70 by the rate of increase. Therefore, if we know the number of years it actually did take for a variable to double, we may modify the rule of 70 to determine the average growth rate, x.
[tex]\frac{70}{x}[/tex] = 20
[tex]\frac{70}{20}[/tex] = x
x= 3.5%
China's average yearly economic growth rate between 1959 and 1978 was 3.5%.
The rule of 70 suggests that real per capita GDP will double in just 7 years: [tex]\frac{70}{7}[/tex] = 10%
Between 1979 and 1986, the average yearly economic growth rate was 10%.
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since about 1970 in the u.s., question 33 options: decreases in the wages of unskilled workers, relative to skilled workers, have led to increased inequality in family incomes. increases in the wages of unskilled workers, relative to skilled workers, have led to increased equality in family incomes. inequality in family incomes has increased, despite increases in the wages of unskilled workers relative to skilled workers. inequality in family incomes has decreased, despite increases in the wages of skilled workers relative to unskilled workers.
Beginning around 2000, the labour income portion of pay started to fall, which increased demand for skilled workers relative to unskilled workers.
What caused the rise in salary disparity?Numerous causes are linked to the increase in economic inequality in the United States. These include the deterioration of the minimum wage, globalisation, the collapse of unions, and technological advancement, in no particular sequence.
What are the common reasons of pay inequality and stagnation, according to economists?A examination of the economic literature indicates that skill-based technological change was a significant factor in producing this rising wage inequality and slower wage growth (change increasing the demand for skilled over unskilled workers).
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read the scenarios associated with each company. then drag that company to the appropriate pricing strategy employed.
The appropriate pricing strategy employed by each of the company basis on the scenarios:
1. Network Solutions – reference pricing. The reference price is also known as competitive pricing because here the product is sold just below the price of a competitor's product.
2. Krispy Kreme's correct match is psychological pricing because in this case pricing and marketing strategy are based on the theory that certain prices have a psychological impact.
3. Snapfish's correct match is odd even pricing because here in this pricing strategy company has offered an even level of pricing to entice customers.
Newegg.com's correct match is reference pricing because here in this pricing strategy company offers a price that a consumer considers justified to pay for a product/service in comparison to competitor products.
Oyster Perpetual Sea Dweller's correct match is prestige pricing because here in this pricing strategy prices are set at a high level recognizing that high price for the product with superior quality, this type of pricing is also called Image Pricing.
A business can use a variety of pricing techniques whilst selling products or services. To decide the best pricing method for a company, senior executives need to first perceive the organization's pricing function, pricing section, pricing functionality, and aggressive pricing response method. Pricing techniques and methods vary from company to employer, and additionally range throughout nations, cultures, industries, and over the years, with the maturing of industries and markets and modifications in wider financial conditions.
Pricing techniques decide the charge organizations set for their merchandise. The fee can be set to maximize profitability for each unit offered or from the marketplace normal. it may also be used to shield a present marketplace from new entrants to a growth market percentage inside a marketplace or to go into a brand new market. Pricing strategies can deliver each competitive benefits and disadvantages to a firm and often dictate the fulfillment or failure of a business; consequently, it's miles important to pick out the right method.
margin-primarily based pricing maximizes the profit derived from an individual product, based totally on the difference between the product's fee and variable charges (the product's contribution margin according to unit), and on one's assumptions concerning the connection among the product's charge and the wide variety of units that may be sold at that charge.
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Which of the following general journal entries would be used to recognize $7,500 of bad debts expense under the direct write-off method? Allowance for doubtful accounts 7,500 Bad debts expense 7,500 ccounts receivable Bad debts expense Bad debts expense Accounts receivable Bad debts expense 7,500 7,500 7,500 7,500 7,500 owance for doubtful accounts 7,500
The general journal entries that would be used to recognize $7,500 of bad debts expense under the direct write-off method is stated below:
What is a general journal entry in accounting?A double-entry accounting system's written record of a business transaction is called an accounting journal entry. Each item includes an equal debit and credit, the names of the accounts involved, a description of the transaction, and the date on which the business event occurred. A general diary entry serves as a log of financial activities. These records are created in the sequence in which the transactions took place.
Information regarding items like cash receipts and payments is often recorded in general journals. They may also have information about inventory balances, acquisitions, and sales. A general diary is the first place to keep track of all transactions, with the exception of those that go in a specialty journal like a cash journal, purchase journal, etc. The journal entry is:
General Journal Debit Credit
Bad debts expense $7,500
Accounts receivable $7,500
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The complete question is attached below:
A major effort of most businesses, especially retail businesses, in using customer relationship management (CRM) systems is to collect _____ about customers.
A major effort of most businesses, especially retail businesses, in using customer relationship management (CRM) systems is to collect data about customers.
What do you mean by customers?A person or business that purchases goods or services from another firm is referred to as a customer. Customers are important because they produce income. Businesses would fail if they weren't there.
Why is the consumer so crucial?They not only make greater purchases but they also attract new customers. Your customers act as your sales representatives. In actuality, 56% of consumers said they would tell their friends and family about a business that provided exceptional customer service. By providing excellent customer service, you may keep clients who will be happy to recommend your business.
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two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. the forecasts and actual sales are as follows
For the previous 10 months, two separate forecasting models that rely on judgement and experience have been created each month. predictions and real sales
What is a forecast based on judgement and opinion?
Forecasts are used by managers while creating budgets. Forecasting's goal is to make decision-making less risky. A forecast is useful for estimating production volume, inventory requirements, labour hours needed, cash needs, and finance requirements. The forecasting methods employed by businesses are covered in this chapter and can be divided into qualitative approach and quantitative approach. The qualitative approach uses CEO perspectives, the Delphi technique, sales force polling, and consumer surveys to make forecasts that are based on judgement and opinion. Simple techniques, moving averages, exponential smoothing, trend analysis, and time series decomposition are all included in the quantitative approach
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Which of the following trends is best supported by the information in the table?
A. The number of treaties has decreased over time.
B. The number of executive agreements has increased over time.
C. The number of treaties has increased over time.
D. The number of executive agreements has decreased over time.
Over time, there have been more executive agreements. As a result, choice (B) is correct.
What are Executive agreement?An agreement between the heads of state of two or more countries is referred to as an executive agreement if it has not been approved by the legislature in the same way as treaties are ratified. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.
Executive agreements are only made by the President of the United States in this country. They are one of three methods by which the United States commits to legally binding obligations abroad.
Hence, option (B) is accurate.
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T/F in deciding whether conduct is sufficiently outrageous to support an action for infringement of emotional distress, a court looks at the pattern of the conduct.
In deciding whether conduct is sufficiently outrageous to support an action for infringement of emotional distress, a court looks at the pattern of the conduct is true.
What types of violations are instances of?Altering a photo before posting it on the website of your business. putting words or images protected by copyright on goods for sale. without paying for their use, downloading music or movies. Taking a copy of any literary or artistic work without a permit or written consent.
Is it forbidden to infringe?Copyright infringement is undoubtedly forbidden. Copyright infringement is typically a civil matter rather than a criminal one. A fine and/or restitution to the party that was harmed are frequently used as penalties for copyright violations.
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Because pedro is always well groomed and dressed nicely you assume that he is also a skilled salesperson because you associate looking professional with good sales skills. selective perception the contrast effect first impression bias the halo effect
You assume that Pedro is a skilled seller since he is consistently well-groomed and dressed neatly because you connect professional appearance with effective sales techniques.
What do you mean by sales?In a sale, two or more parties trade goods or services for money or other assets. In the financial markets, a sale is an agreement between a buyer and a seller regarding the price of a security and its delivery for a predetermined amount. Sales are exchanges of a product, service, or delivery for money. It comprises helping potential clients or consumers find what they're looking for by paying attention to or comprehending their needs and goals.
What is sales in business?The term "sales" is used to describe all actions taken in order to sell a good or service to a customer or business. However, in actuality, it symbolizes much more. Finding prospects, building relationships, and providing customers with solutions all require a lot of labour in order to close a transaction successfully.
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sehgal parks operates amusement parks in the united states and canada. during 2018, it reported the following (in millions): from the income statement loss on sale of equipment $ 10 depreciation expense 227 from the balance sheet equipment, beginning 1,800 equipment, ending 1,870 accumulated depreciation, beginning 1,670 accumulated depreciation, ending 1,850 equipment costing $214 was purchased during the year. required: for the equipment that was disposed of during the year, c
INCOME STATEMENT: A financial statement known as an income statement lists a company's revenues and outlays for a given accounting period. It displays if a business generated a profit or loss during that time.
SOLUTION:
Equipment Account
Op. bal. 1800 Sold ( B.F ) 164
Purchases 214 cl. Bal. 1850
2014 2014
Acc. Dep. Account
dep. On sale 27 Op. bal. 1670
cl. Bal. 1870 Dep. Exp. 227
1897 1897
Original cost = 164
Acc. Dep. On sold equipment 27
Cash recd. = ( 164 - 27 - loss 10 )
=127
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Crane Company purchased 300 of the 1000 outstanding shares of Swifty Company's common stock for $670000 on January 2, 2021. During 2021, Swifty Company declared dividends of $115000 and reported earnings for the year of $430000.
If Crane Company uses the equity method of accounting for its investment in Swifty Company, its Equity Investments (Swifty) account at December 31, 2021 should be
O $635500.
O $764500.
O $799000.
O $670000.
If Crane Company uses the equity method of accounting for its investment in Swifty Company, its Equity Investments (Swifty) account at December 31, 2021 should be $764500.
Equity Investment = ($670000 + ($430000 × 0.30) - ($115000 × 0.30)
Equity Investment = $764500
Shares of a corporation are bought by equity investors with the hope that their value will increase in the form of capital gains or capital dividends. If the value of an equity investment increases, the investor would receive the additional money either by selling their shares or by the company liquidating its assets and paying all of its debts. Equities add diversification to a portfolio, improving its asset allocation.
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Rowdy's restaurants cash flow ($ in millions) cash received from: customers $ 3,150 interest on investments 290 sale of land 190 sale of rowdy's capital stock 780 issuance of debt securities 2,900 cash paid for: interest on debt $ 390 income tax 170 debt principal reduction 2,400 purchase of equipment 5,800 purchase of inventory 1,900 dividends on capital stock 470 operating expenses 680 rowdy's would report net cash inflows (outflows) from operating activities in the amount of:
Interest income and interest expense are both considered operating cash flows under US GAAP. The cash flows from financing total $800.
The final section of a company's statement of cash flows displays the cash inflows and outflows related to its financing activities. This section displays the cash effects of transactions with shareholders and lenders.
The term "cash flow" is typically used to describe payments that are anticipated to occur in the future, are subsequently uncertain, and as a result need to be forecast with cash flows. A cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another.
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blank are savings accounts that guarantee a depositor a set interest rate over a specified interval of time as long as the funds are not withdrawn prematurely.
Certificates of deposit (CDs) are savings accounts that guarantee a depositor a set interest rate over a specified interval of time as long as the funds are not withdrawn prematurely.
A certificate of deposit (CD) is a time deposit, a financial product normally sold via banks, thrift establishments, and credit score unions inside the u.s. CDs vary from financial savings money owed in that the CD has a specific, constant term (frequently one, three, or six months, or one to 5 years) and commonly, a set hobby fee. The bank expects the CD to be held until maturity, at which era they may be withdrawn and hobby paid.
CDs normally require a minimum deposit and might provide better prices for larger deposits. The exceptional rates are generally offered on "Jumbo CDs" with minimum deposits of $ hundred,000. Jumbo CDs are normally sold via big institutional investors, such as banks and pension budgets, which are interested in low-threat and stable funding alternatives. Jumbo CDs also are referred to as negotiable certificates of deposits and come in bearer form. those paintings are like conventional certificates of deposits that lock in the predominant quantity for a set time frame and are payable upon maturity.
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Which of the following misstatements is not related to the completeness assertion for revenue?
A) Goods are shipped, but revenue is not recorded.
B) This year's revenue is recorded next year.
C) Next year's revenue is recorded this year.
D) Revenue is not recognized for services that have been performed.
Option C, Next year's revenue is recorded this year. Regardless organization of when the consumer actually pays in cash, revenues are reported or recognized as they are generated.
The organization does not adhere to its declared guidelines for approving sales orders. internal control's efficiency. organization has not stated in the financial revenues statements that internal control is effective. The audit report and findings must disclose and provide documentation for errors and misstatements of a substantial nature. revenues Processing checks offer a reassuring guarantee that only authorized data are handled. An audit of your revenue cycle should look at all aspect of your billing process, from scheduling through organization verifications, coding and charge input, payment posting, and all routine follow-up.
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FILL IN THE BLANK organizations that are formed to offer services to clients and not make a profit are______ , whereas, ____ are those organizations that are formed to make money, or profits, by offering products or services.
Organizations with a profit; nonprofit organizations.
What kind of business is a non-profit, for instance?The Red Cross, United Way, and Habitat for Humanity are a few well-known charities. There are many different kinds of not-for-profit organizations, but the 501(c)3 is the most typical. Being a 501(c)3 has a number of advantages, including: a tax break from the federal government.
What kind of business is a nonprofit?A nonprofit organization is one that works to advance a social cause or support a common goal. Because they serve the public, nonprofits are excluded from taxation by the IRS, and they are obligated to disclose financial information to guarantee that donations are used only to advance the nonprofit.
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TRUE/FALSE. the main objective of all rapid application development (rad) approaches is to extend development time and expense by excluding users from every phase of systems development.
This claim is untrue. The primary goal of all Rapid Application Development (rad) methodologies is not to increase costs and development times by keeping users out of every stage of system development.
What does RAD (rapid application development) approach mean exactly?Rapid application development (RAD), often known as agile project management, is popular in the software sector. A fundamental benefit of a RAD strategy is quick project turnover, which makes it an appealing choice for employees in a busy environment like software development.
RAD, or Rapid Application Development, is the abbreviation for this term. It is an active strategy in project management for software development.
The main objective of this model is to minimize the arranging process while emphasizing continuing designing and building operations that contribute to cost reductions.
This method puts more emphasis on hastening application installation. It focuses on designing certain ongoing tasks by creating a prototype. Cost savings are the outcome. As software development advances, it aids in understanding the changing needs.
The aforementioned allegation is therefore erroneous.
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For each transaction, a customer must be sent or given a written confirmation of the trade at or before the completion of the transaction, the settlement date. Information on that trade confirmation would includethe markup (markdown) charged on a principal transactionthe commission charged on an agency transactionthe number of bonds purchased in a bond tradethe CUSIP number (if any)
a customer must be sent or given a written confirmation of the trade at or before the completion of the transaction, the settlement date. Information on that trade confirmation would includethe markup (markdown) charged on a principal transactionthe commission charged on an agency
purchased in a bond tradethe CUSIP number II and IV
What is an example of a transaction?
Here are some examples of transactions: paying a supplier for products or services received. purchasing a property that was previously owned by a seller by paying the seller with cash and a note. paying a worker for the hours they put in.A cash transaction is when you pay cash up front to buy anything. Even though the trade may not settle for a few days, some market stock transactions are nevertheless regarded as cash transactions. An exchange of cash is not deemed to be a futures contract.
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Following are several statements regarding accounting records or audit documentation. Which of the statements is correct?
A)Accounting records belong to the auditee.
B)Documentation of an auditor's understanding of the entity's internal control system is not necessary.
C)Audit documents may be regarded as a substitute for the company's accounting records.
D)The independent auditor may discard audit documents after two years.
The accounting records actually belong to the auditee, which is the true assertion. As a result, choice (A) is the best way to respond.
What are accounting records?All the paperwork and books used to create financial statements or records necessary for audits and financial reviews are referred to as accounting records. Accounting records are any supporting papers, such as checks and invoices, as well as records of assets and liabilities, financial transactions, ledgers, and journals.
When conducting audits, compliance checks, or for other business-related purposes, accounting records are frequently inspected. Transactions, general ledgers, trial balances, diaries, and financial statements are a few examples of accounting records.
Hence, option (A) is accurate.
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