The things that we found in the income statement is Gross Profit, Sales Revenue, and also Cost of Goods Sold. That aspect affect through the report a company's financial performance.
The income statement is one of the financial statements that must be made by every company. Income statement is an important report cause it is reference related to the financial condition that occurred at that time. Not only that, but this report must also be made as detailed as possible if the company is a large or multinational company. This is intended if when an evaluation is carried out, the data information is more comprehensive and can be accounted for.
Usually, this report is made to explain the company's financial condition at a certain period. Therefore, most reports are done at the end of the year or the end of the month, according to the provisions of the company.
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in addition to considering financial factors, organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.
This is true. In addition to considering financial factors, organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.
What is strategic planning in organizations?This is the term that is used to refer to the process by which the leaders that are in an organization would have to define the visions and the future of the organization to be the same as the goals as well as the objectives of the company for the future growth that it has.
Hence the answer to the question is true because the leaders would have to identify the criteria to see how well it would have to fit.
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complete question.
in addition to considering financial factors, organizations often identify project selection criteria to determine how well each potential project fits with the organization's strategic planning.
T or F
Consumers go through five stages in the process of adopting a new product. In the ________ stage, the consumer considers whether trying the new product makes sense.
broker bob uses a trust fund account at abc bank to deposit funds received from his clients and customers. who is authorized to withdraw funds from the broker’s trust fund account?
So, in the case when bob uses a trust fund account to deposit funds generally, only the broker or, if specifically allowed in writing by the broker, one or more of the following individuals may sign withdrawals from a trust fund account of an individual broker:
(1) A sales man/ person who holds a broker license.
(2) A person holding a broker license and who has a written contract in place with the broker in accordance.
(3) A broker employee who is not licensed who has fidelity bond insurance that is at least equivalent to the whole amount of the trust funds to which the employee has access at any given time.
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Note that common activities are listed toward the top, and less common activities are listed toward the bottom. according to o*net, what are some common work activities performed by general and operations managers? check all that apply. scheduling work and activities controlling machines and processes getting information making decisions and solving problems coordinating the work and activities of others exerting muscle force repeatedly or over time
General and Operations Managers schedule work and activities, make decisions and solve problems, coordinate the work and activities of others, and exert muscle force repeatedly or over time.
In contrast to a general manager, who oversees all aspects of a company, an operations manager is only in responsible of operations and production. Advertising, strategic planning, and human resources are all responsibilities of a general manager.
The responsibilities of an operations manager are commonly more complex and necessitate expertise in a particular niche area.
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At a high school, the cafeteria staff provides optional comment cards to students eating in the cafeteria. Students who wish to make a comment can obtain and fill out a comment card and return it to a drop box in the front office. At the end of the semester, the staff analyzes the responses and finds that 72% of the students who filled out a comment card recommend major changes to the food selection. What conclusions can the cafeteria staff draw from these responses?.
The responses were from a voluntary response sample, so the cafeteria staff should not use the results to draw any conclusions.
The concluding sentence is the ultimate sentence in a paragraph. Its method is to summarize the precept idea of the paragraph. If the paragraph is a part of an essay, the concluding sentence additionally transitions to the subsequent paragraph.
The concluding sentence is the last sentence in a paragraph. Its interest is to summarize the number one concept of the paragraph. If the paragraph is part of an essay, the concluding sentence additionally transitions to the subsequent paragraph. what's the method of quitting An effective stop carries three simple elements: a restatement of the speech's thesis; a review of the main factors discussed inside the speech; and a concluding tool that permits creating a long-lasting photograph in audiences' minds.
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You have just graduated from college and purchased a car for $7000. your credit limit is $12,000. assume that you make no payments and purchase nothing more and that there are no other fees. the monthly interest rate is 8%. what is the growth factor of your credit card balance? a. 1.02 c. 1.08 b. 1.8 d. 1.2
The growth factor of your credit card balance is 1.08.
Credit score card debt extended via way of means of $67.1 billion throughout Q2 2022. The boom in credit score card debt throughout Q2 2022 become 3.5X large than the post-Great Recession common for the second one sector of a year. Outstanding credit score card debt extended via way of means of more or less 6% throughout Q2, as compared to the preceding sector.
Paying payments on time and paying down balances in your credit score cards are the maximum effective steps you could take to elevate your credit score. Issuers document your fee conduct to the credit score bureaus each 30 days, so superb steps can assist your credit score quickly.
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What is the interest earned in a savings account after 12 months on a balance of
$2500 if the interest rate is 1% APY compounded yearly?
interest = $ [?]
Round your answer to the nearest hundredth.
The interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1% APY compounded yearly is $20.
Given,
Initial amount = P = $2000
Interest rate = 1% annually
The time for which interest is compounded = 12 months = 1 year = T
Here, the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time.
So, the interest amount earned is given by:
[tex]CI = P(1+\frac{R}{100} )^{T} -P[/tex]
[tex]CI = 2000 (1+\frac{1}{100} )^{1} -2000\\\\CI = 2000 * 1 / 100\\\\[/tex]
=$20
Hence, the interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly is $20.
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when a coffee purveyor chooses to use fair-trade coffee beans instead of less expensive sources, its profits are often reduced. this is an example of blank as a pricing objective. multiple choice question. unit volume social responsibility survival globalization
The given case of coffee purveyor using fair trade beans instead of less expensive beans is an example of social responsibility.
According to the idea of social responsibility, businesses should act like decent citizens by balancing their profit-making endeavours with endeavours that help society, whether on a local, national, or international level.
Here the seller is responsible to the society as he cares for the health of the customers instead of higher profits and with lower profits the purveyor keeps buying fair trade beans.
The lowest price that must be paid for specific agricultural imports from developing nations is known as a fair trade price. It is a movement that contends that paying producers in developing nations the market price is unethical if that price is too low to ensure a high standard of life.
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Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.
It is true that Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.
What does it mean Target’s all in motion clothing line?The meaning of the Target’s all in motion clothing line means that the producer is taking control of the process that is been used in making sure that the level pricing as well as the quality of the product is been taking into consideration so that satisfaction of the consumer can be achieved.
It should be noted that the companies usually do this to know what the consumer actually want through the feedbacks from them.
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TRUE or FALSE Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.
a model has shipment, product, and shipper entities. the shipment entity has no unique attributes. each shipment is identified by productnumber, shippercode, and shipmentdate. shipment is a(n) entity.
a model has shipment, product, and shipper entities. the shipment entity has no unique attributes. each shipment is identified by productnumber, shippercode, and shipmentdate. shipment is weak ntity.
What is shipment?
The actual act of moving goods and cargo such as commodities and merchandise is known as shipment. The term "shipping" originally referred to transportation by sea, but American English has expanded it to include transportation by land and air as well (international English: "carriage"). The term "logistics," which was adopted from the military context, is also used in the same way. Door-to-door shipping, also known as DTD or D2D shipping, is the process of transporting goods domestically or internationally from the point of origin (POI) to the location while generally using the same piece of equipment as well as avoiding multiple transactions, transloading, as well as cross-docking without interim storage. Many global shipping companies offer an international DTD service, which may include intermodal shipment utilising containerized cargo.
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each of the following entities has the power of eminent domain, except: select one: a. religious schools. b. railroads. c. public utilities. d. school districts.
Religious schools do not have the power of eminent domain. The method by which the government may hold private property with just compensation.
The method of eminent domain does not need owner's consent to hold private property by the government in lieu of some compensation . The Fifth Amendment includes eminent domain to ensure that the United States government can obtain assets that advantage the public good. As an example, suppose a town was in need of water and the only way to get it's through the property of a private property owner.
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Today's theories about motivation emphasize the importance of factors within the individual particularly the variables of expectancy and value Students' motivations are strongly influenced by what they think is important (value) and what they believe they can accomplish (expectancy). Who quote is this?
What students value and what they believe can accomplish have a significant impact on their motivation expectancy. This quote comes from the philosophy of motivation.
What motivational ideas does the expectancy-value theory put forth?
The relationship between a student's expectation for success at a task or the achievement of a goal in relation to the value of task completion or goal attainment is described by the expectancy-value theory, which is a theory of motivation. A student's expectation for success on a particular activity is referred to as expectancy. Theoretical models of motivation nowadays place a strong emphasis on internal factors, particularly the variables of expectation and value.
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which of the following statements are not true regarding credit cards? group of answer choices they can be issued through a third party. cardholders are usually not driven to return to the store. they can be issued directly by a merchant. cardholders may be eligible for special discounts. cardholders may be eligible for special store events.
C. They can be issued directly by a merchant is not true about credit cards in the given statements
A credit card is a small, rectangular piece of plastic or metal that is provided by a bank or other financial institution and enables its holder to borrow money to pay for products and services at businesses that accept credit cards.
Credit cards impose the need that cardholders repay the borrowed funds, plus any applicable interest and any other agreed-upon charges, in full or over time, either by the billing date or at a later date.
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which one can be classified as manufacturing overhead? group of answer choices sales commissions paid to sales person cost of electricity to produce the tables salary of the assembly-line workers advertising cost paid to the newspaper
The price of the electricity used to make the tables might be categorized as manufacturing overhead.
The news paper's advertising charge is a selling expense that appears in electricity the revenue statement but is excluded from the production cost.
Sales commission paid to salespeople is a selling expense that is not electricity included in manufacturing expenses as reflected in the manufacturing income statement.
The wages of assembly-line employees are an administrative cost that is manufacturing excluded from production overhead.
Even without financial support and with declining oil prices, the cost of electricity generation at coal, gas, and diesel power plants is equivalent to or lower than the cost of generation at onshore wind power plants, geothermal and hydropower, and biomass-based power plants.
One of the most competitive sources of additional energy capacity may be found in many nations, including Europe, using wind energy. Individual electricity wind energy plants typically provide electricity at a cost of $0.04 per kWh without outside funding.
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the legislature wants to ensure that families with a given real income are not pushed up into higher tax brackets by inflation. the cpi (times 100) is 162 in 2014 and 172 in 2016.
The legislature wants to reduce taxi cost. The families with income <=21160 will have 10%, 21161 to 31740 will have 12%, 31741 to 52900 will have 15%, 52901 to 84640 will have 20% and >84641 will have 25%.
A legislative body is an assembly with the power to enact laws for a political unit, like a nation or city. They are frequently compared to the legislative and judicial branches of the government. Primary legislation generally refers to laws passed by legislatures. Legislative bodies also have the power to oversee and direct governmental operations and change the budgets associated with them.
Legislators are those who sit in a legislature. In democracies, lawmakers are most frequently chosen by the general public, however indirect elections and appointments by the administration are also employed, especially in bicameral legislatures with an upper house. Legislating, debating, authorizing expenditures, forming governments, and overseeing are the six main duties of democratic legislatures.
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The question was incomplete. Check below the full question.
The legislature wants to ensure that families with a given real income are not pushed up into higher tax brackets by inflation. The CPI (times 100) is 175 in 2014 and 185 in 2016.
Instructions: To calculate the adjusted income tax, enter the percentage rate of inflation rounded to one decimal place.
Rate of inflation between 2014 and 2016: %.
To meet the legislature’s goal, the income tax schedule for the year 2016 should be adjusted as shown in the following table:
Family income Tax rate
0 $ 10%
$ to $ 12%
$ to $ 15%
$ to $ 20%
Less than
Equal to greater
than $ 25%
delta diamonds had 5 diamonds available for sale this year: june 1 - purchased 1 for $500; july 9 - purchased 2 for $550 each; and on september 23 - purchased 2 for $600 each. on december 24, it sold 1 of the diamonds. using lifo periodic, its ending inventory is .
Since the first purchase will be made and sold first, the cost of goods sold for this transaction will be $500. This year, Delta Diamonds had five diamonds available for purchase. On June 1, one diamond was bought.
Specification Identification Method will cost $550 as of June 9.
Since the last item purchased will be sold first, LIFO, the cost of the goods sold is $600.
The direct expenses incurred in creating the products a business sells are referred to as cost of goods sold. The cost of the materials and labor used directly to make the good are included in this sum. Indirect costs like those associated with the sales force and distribution are not included.
Due to the fact that cost of goods sold is deducted from revenues to calculate gross profit, it is a crucial financial statement indicator. The gross profit is a profitability indicator that assesses a company's capacity to effectively manage its work force and resources during the production process.
Due to the fact that cost of goods sold is an operating expense, it is shown as such on the income statements. Analysts, investors, and managers can more accurately predict the company's bottom line by being aware of the cost of goods sold. Net income will fall down as cost of goods sold rises. The business will make less money for its shareholders even though this change is advantageous for income tax purposes. In order to increase net profits, businesses attempt to keep COGS low.
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Given what happens to the price buyers pay and the price sellers ultimately receive after a subsidy is granted to sellers, what happens to the level of consumer and producer surplus after the subsidy takes effect?.
Both consumer surplus and producer surplus increase,to the level of consumer and producer surplus after the subsidy takes effect.
Consumer surplus is increased as a result of subsidies. This is due to the fact that the consumer surplus reflects the discrepancy between what customers are prepared to pay and what they ultimately end up paying for the good.
The gap between the price at which producers are willing to supply things and the price at which they actually receive payment for doing so is known as the producer surplus. The producer surplus decreases as a result of subsidy. The consumer surplus rises as a result of subsidies. An industry can enable its manufacturers to create more goods and services by implementing government subsidy to the supplier. This raises the total supply of that good or service, which raises the amount required of that good or service and decreases the total cost of that good or service.
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Serving as the first step in data reduction, ____________ analytics summarizes what has happened in the past and enables decision makers to learn from past behaviors, such as average dollars spent per customer and year-over-year change in sales.
Serving as the first step in data reduction, Predictive Analytics summarizes what has happened in the past and enables decision-makers to learn from past behaviors, such as average dollars spent per customer and year-over-year change in sales.
This is further explained below.
What is Predictive Analytics?Generally, The term "predictive analytics" refers to an umbrella term that covers a wide range of statistical methods, such as "data mining," "predictive modeling," and "machine learning," which examine recent and past events in order to produce forecasts about upcoming or otherwise unknowable occurrences.
Predictive Analytics, the initial stage in data reduction, summarizes what has already occurred and helps decision-makers to learn from prior behaviors, such as average consumer spending and year-over-year change in sales.
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horizon just announced that next dividend will be $3 and the dividend will increase by 2% annually thereafter. how much will one share of this stock be worth six years from now if the required rate of return is 12%?
One share of this stock be worth six years from now if the required rate of return is 12% price is $33.78.
Current price=D1/ (Required Return-Growth rate)
=3/ (0.12-0.02)
=$30
P6=Current price*(1+Growth rate) ^6
=30*(1.02) ^6
=$33.78(Approx).
Return on funding (ROI) is an approximate degree of a funding's profitability. ROI is calculated via way of means of subtracting the dividend value of the funding from its very last price, then dividing this new quantity via way of means of the value of the funding, and finally, multiplying it via way of means of 100. The maximum not unusual place manner to price an inventory is to compute the company's rate-to-profits (P/E) ratio. The P/E ratio equals the company's inventory rate divided via way of means of its maximum these days suggested profits in line with share (EPS).
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ce products manufactures and markets a product called grow tall. ace claims in its advertising that grow tall will make its users grow a minimum of six inches taller than their current height. the federal trade commission (ftc) will likely find that the ad is:
Looking at the marketing strategy of Ace Products, The Federal Trade Commission (FTC) will likely find that the ad is deceptive, and the FTC may issue a cease-and-desist order.
Marketing of a product refers to inform the customers about the offering of the product by the company, its features, advantages and why it would be beneficial for the buyers.
Choosing the product's strategy and communication, bringing it to market, and trying to make sure both salesmen and buyers comprehend it are all involved in marketing. The goal of product marketing is to increase customer demands and product utilization. When a product is introduced, marketing strategy doesn't end (if it did, product marketers at a firm with only one product would not have much to do following the product's debut). Ensuring the correct individuals are familiar with a product is the final step in the marketing process.
Here, Ace products is marketing its product in an unethical manner, to deceive the customer, which could be banned by FTC.
The complete question is here:
Ace Products manufactures and markets a product called Grow Tall. Ace claims in its advertising that Grow Tall will make its users grow a minimum of six inches taller than their current height. The Federal Trade Commission (FTC) will likely find that the ad is
a. deceptive, and the FTC may issue a cease-and-desist order.
b. deceptive, and the FTC may declare that it is bait-and-switch advertising.
c. not deceptive because buyers are obligated to be aware that some advertising claims are untrue and should avoid purchasing products that make impossible claims.
d. not deceptive and the FTC may therefore issue a counter advertising order.
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a local starbucks sells gift cards of $10,000 during the year. by the end of the year, customers have redeemed $8,000 of gift cards. what will be the year-end balance in the deferred revenue account?
The year - end balance in the deferred revenue account = $ 2000
Deferred revenue account :
Deferred revenue profit is plutocrat entered in advance for products or services that are going to be performed in the future. Rent payments entered in advance or periodic subscription payments entered at the morning of the time are common exemplifications of deferred revenue.
Calculating year end :Year end balance of deferred account = gift cards during year - redeemed gift cards .
= $10,000 - $8,000
= $ 2000
Hence , the year end balance = $2000.
What's year end balance?
financial year- end balance The unexpended balance at the end of a financial year . These balances are generally calculated as total operating budget less total expenses.Year end – also known as an account reference date – is the completion of an account period. At this time, businesses need to carry out specific procedures to close their books.
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marshall clinic offers one service that has the following annual cost and utilization estimates: you must show your calculation to receive credit. variable cost per visit $ 10 annual direct fixed costs $50,000 allocation of overhead costs $20,000 expected utilization 1,000 visits what price per visit must be set if the clinic wants to make an annual profit of $20,000 on the service?
The price to be charged per visit equals $100 per visit with $20,000 profit target and for 1,000 visits where total expenses will be sum of variable expenses and fixed expenses
We need to figure out how much it will cost per visit.
$20,000 profit target
Total expenses for 1,000 visits = Variable expenses + Fixed expenses Allocated expenses
Variable cost = $10 multiplied by 1,000 visits = $10,000
$50,000 in fixed costs
Overhead costs allocated = $20,000
Total expenditures = $10,000 + $50,000 + $20,000 = $80,000
Overall sum to be recovered = overall expenses + profit desired
= $80,000 + $20,000 = $100,000
The total number of visits is 1,000.
The price to be charged per visit is $100,000 divided by 1,000, which equals $100 per visit.
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suppose the real rate is 4.5 percent and the inflation rate is 6.1 percent. what rate would you expect to see on a treasury bill? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
10.87% is the nominal rate you expect to see on a treasury bill.
Step by step:
(1+ nominal rate)= (1+ real rate)*(1+ inflation rate)
1+ nominal rate= (1+ 4.5%)*(1+6.1%)
1+ nominal rate= 1.045* 1.061
1+ nominal rate= 1.108745
Nominal rate= 1.108745-1
Nominal rate= .108745 or 10.87%
The nominal interest rate (or money interest fee) is the percentage increase in cash you pay the lender for the usage of the cash you borrowed.
The nominal interest fee is often used in banks to explain interest on exclusive loans and inside the investment field.
As an example, if the nominal charge on a mortgage is 5%, you may assume to pay $50 of interest for $1,000 borrowed. at the yr's end, you may pay $1,050.
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bill buyer has objected to a title exception showing that sam seller owes a handyman for repairs done on the house. sam fails to pay the handyman by the title objection cure date. what are bill's options?
Bill may terminate the contract and sue for damages since it is a breach of contract.
Debt is a financial obligation owned by the company to other parties that has not been fulfilled, originating from bank loans, leasing, bond sales and others that are used as a source of funds or capital for the company's operations. Debt is a sacrifice of future economic benefits that may arise from a present obligation.
Debt shows the source of capital originating from creditors. Within a certain period of time the company is obliged to pay back or is obliged to fulfill the bills originating from these outside parties. The fulfillment of this obligation can be in the form of payment of money, delivery of goods or services to parties who have provided loans to the company. The company carries out these obligations and if these obligations are not carried out in a timely manner it will be possible for a company to receive sanctions or consequences. The sanctions and consequences obtained are in the form of transfer of ownership of assets at one time.
Debt is one source of financing that comes from outside the company that is used by the company as additional funds in running the company. In making decisions regarding debt, managers must consider the amount of fixed costs that will arise from debt in the form of interest which will lead to increased financial leverage and increased uncertainty of returns for common shareholders.
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Assume that stock prices and home values have increased, raising household wealth. At the same time, productivity increased due to new technology. What is the likely short-run impact on the economy?.
In the short term, some business economy inputs will be set at some time in the future while others will be flexible depending on the state of the economy. "Short run," as in.
The idea that an economy would act differently depending on how much time it had to process new information and react to it is known as time preference in economics. Short-term/in actuality short-run growth is driven by an increase in aggregate demand. The four pillars of AD (consumer, investment, government, and net trade) are interdependent, therefore any change to one of them will have an impact on economy growth.
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when grn manufacturing experienced a slowdown in sales, it laid off the two employees with the poorest attendance. one of the employees sued the company, saying it should have laid off the most recently hired workers. what defense would grn manufacturing most likely offer?
The layoffs were instances of employment at will.
The most commonplace reasons why employees are laid off encompass cost-slicing, a team of workers discounts, relocation, buyouts, and mergers. but, enterprise proprietors can pick out different alternatives in place of terminating their personnel contracts.
Being laid off the way you have got lost your activity due to changes that the agency has determined to make on its give up.
The difference between being laid off and being fired is that in case you are fired, the corporation considers that your moves have brought on the termination. If you are laid off, you failed to necessarily do whatever is incorrect.
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john smedley, a careful maximizer of utility, consumes only two goods, peanut butter and broccoli. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli rose. as he adjusts to this event, he will consume:
John Smedley, a careful maximizer of utility, consumes only two goods, peanut butter and broccoli. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli rose. as he adjusts to this event, he will consume: more peanut butter and less broccoli.
Consumption is an hobby in which institutional devices dissipate items or offerings; consumption may be either intermediate or final. it is the use of items and offerings for the satisfaction of individual or collective human needs or wishes.
Intake may be defined in one-of-a-kind approaches, but is nice defined as the very last buy of products and services via individuals. the purchase of a new pair of footwear, a hamburger at the short food restaurant or services, like getting your private home wiped clean, are all examples of consumption.
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under the modified accrual basis of accounting, gasb standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
Revenue for property taxes collected more than 30 days after the fiscal year's end should not be recognised on the accrual method of accounting, according to GASB guidelines.
For state and municipal governments in the United States, generally accepted accounting principles (GAAP) are developed by the Government Accounting Standards Board (GASB), a private non-governmental organisation.
The transaction process must be initiated by a crucial event in accordance with generally accepted accounting standards (GAAP). According to GAAP, revenues are acknowledged when they are earned and realised, not necessarily when they are received. However, profits are frequently made and received in a single transaction.
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in its fiscal 2018 annual report, nike, inc. reported cash of $3,337 million at year end. the statement of cash flows reports the following (in millions):
In its fiscal 2018 annual report, Nike, inc. The Opening cash and cash equivalents is $2317 millions.
Closing cash balance = Opening cash and cash equivalents + Net cash from operating activities + Net cash from investing activities + Net cash from financing activities
3337 = Opening cash and cash equivalents+3027 +(1067)+(940)
3337 = Opening cash and cash equivalents+1020
Opening cash and cash equivalents = 3337-1020 = $2317 millions
In the United States, sales of Converse and the NIKE Brand contributed for around 42% of total revenues in fiscal 2018, compared to 46% and 47% in fiscal 2017 and fiscal 2016, respectively. In the United States, we distribute our products under the NIKE Brand, Jordan Brand, Hurley, and Converse brands to thousands of retail customers, including shoe stores, sporting goods shops, athletic specialty shops, department stores, skate, tennis, and golf shops, among others. To encourage such sales, we work with NIKE sales offices throughout the US. About 21% of sales in the United States during the 2018 fiscal year were generated by our top three clients.Learn more about NIKE, here
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when comparing mutually exclusive alternatives with the same service lives, the alternative with the highest irr value is always the most economical.
The statement above is false.
The internal rate of return (IRR) for a project will increase if the initial cost of the project can be reduced or we can conclude that IRR increase if initial outlay decreases.
The internal rate of return (IRR) can be described as a metric used in financial analysis to estimate the profitability of potential investments. Internal rate of return (IRR) also can be described as a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis. To calculate internal rate of return, it has same formula as NPV does.
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