The latest decision round that are least important in providing guidance to company managers in making their strategic moves and decisions to improve their company's competitiveness and rank among the top-performing company's in the upcoming decision round is E. The dividend data, the credit rating data, the income statement data, and the balance sheet data for each company
What is the income statement?An equation can be used to determine a company's net profit or loss for a given time period by plugging the expense, income, gains, and losses from the income statement into the equation. This information aids in the timely decision-making necessary to maintain the financial stability of your company.
An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss (P&L) statement. It displays your sales revenue for goods and services. expenses for generating income and running your business.
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1. A and B each contribute $30,000 cash to the ABC partnership and C contributes land held for more than one year, worth $60,000 and subject to a recourse debt of $30,000. A, B and C are all general partners with a one- third interest in the profits and losses of ABC. (a) What are the tax consequences to A, B, C and ABC if the land has a basis to C of $40,000 and the partnership assumes the debt? (b) Same as (a), above, except that the land has a basis to C of $10,000. What could C do to avoid this result? (c) Same as (a), above, except that the debt is nonrecourse, and the partners agree that for purposes of allocating nonrecourse liabilities they each have a one-third interest in profits. (d) Same as (b), above, except that the debt is nonrecourse and the partners agree that for purposes of allocating nonrecourse liabilities they each have a one-third interest in profits.
None of the partners or the partnership itself. On the property in which they have a partnership interest, each partner has a carryover basis.
Each partner is considered to have assumed one third of the debt ($10,000) in regard to the liability. As a result, C's basis decreases to $20,000 while A and B's basis increases to $40,000
Assets A.B. $60,000 Bk. are shown on the partnership's balance sheet. Val.
Cash Land $60,000 $60,000 Partners' Capital and Liabilities A.B. Bk. Val.
Liabilities:
$30k - $40k Capital:
A $40,000 $30,000 B $30,000 C $20,000 $30,000 $40,000 Total $100,000 $100,000 $120,000 b. The same as (a) above, with the exception that the land has a $10,000 basis to C.
Using Sections 721, 722, 723, 752, and 753, neither the partnership nor the contribution is acknowledged. Partner A and partner B each have a carryover basis on the property in their partnership interest. Each partner is considered to have assumed one third of the debt ($10,000) in regard to the liability.
As a result, A and B's basis increases to $40,000. A $10,000 LTCG (most likely LTCG, depending on how C held it) must be acknowledged by C. C has a zero-based partnership interest.
C could either contribute an asset or cash with a basis of at least $10,000 or take on at least $10,000 more of the liability in order to avoid this recognition of gain.
Liabilities and capital assets of the partnership are listed on the A.B. Bk. balance sheet. Val.
Capital: Cash $60,000 $60,000 Land $20,000 $60,000
Total Obligations:
A.B.
Bk. Val.
$30,000
A $40,000 $30,000
B $40,000 $30,000
C $0
$30,000
$80,000 $120,000
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from the money model above and starting at point ffr1, ms1, which point would be the new (interest rate, quantity of money), from an increase in rgdp and purchase of t-bills by the fed. select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a ffr1, ms1. b ffr2, ms2. c ffr1, ms2. d ffr3, ms1. e ffr3, ms2.
Use the up/down arrow keys to go to ffr1, ms2 from the money model above, starting at point ffr1, ms1, which would be the new keyboard navigation.
What in economics is FFR?The interest rate that banks charge other institutions for overnight loans of excess funds from their reserve balances is known as the federal funds rate. Banks are required by law to keep a reserve in an account with a Federal Reserve bank equal to a predetermined portion of their deposits.
What is the average FFR?A typical outcome falls between 0.94 and 1. Any value below that indicates that you require medical attention since your blood flow is not as high as it should be.
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To determine how well her business is doing, Darlene should monitor the return on her investment (equity) because it is a better measure of performance than
the absolute dollar amount of income.
Darlene should keep an eye on her return on investment (equity) because it is a more accurate indicator of performance than the precise dollar amount of revenue.
Financial ratio analysis is a tried-and-true technique for examining a company. Financial ratio analysis is used by Wall Street investment firms, bank loan officers, and savvy business owners to uncover information about a company's prospective as well as its financial health. Financial ratio analysis is neither sophisticated nor difficult, despite the fact that it could be a little strange to you.
It is nothing more complicated than straightforward comparisons between particular data points taken from the income statement and balance sheet of your organization. You may recall from elementary school that a ratio is the relationship between two numbers. It is "the relative magnitude of two values, expressed as the quotient of one divided by the other," as your arithmetic teacher may have phrased it. You can consider looking at the price-earnings ratio of a publicly traded corporation if you are considering purchasing shares.
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Correct Question:
To determine how well her business is doing, Darlene should monitor the return on her investment (equity) because it is a better measure of performance than _____________________.
which of the following methods is an approach to business communications designed to help presenters not make the mistake of presenting evidence without first stating a central position?
PREP methods is an approach to business communications designed to help presenters not make the mistake of presenting evidence without first stating a central position.
Trading is the practise of earning a living or earning money by producing, purchasing, and selling things. Despite having a trade name, the proprietors of the business are the ones who are accountable for any responsibilities the business incurs. If the business runs up debt, creditors may be able to confiscate the owner's personal belongings.
A firm structure cannot be subject to the corporation tax rate. The proprietor is required to pay personal taxes on all business earnings. Contrary to sole proprietorships and partnerships, corporations are independent legal entities with limited responsibility for their owners/members and are taxed at corporate rates.
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which of the following is the correct equation for total mixed costs under the linearity assumption? a)Total fixed cost + (variable cost per unit x units of activity) b) total variable cost + (fixed cost per unit x units of activity) c) (total fixed cost x units of activity) + total variable cost d) (total fixed cost x units of activity) + (total variable cost x units of activity)
A. The total mixed cost is the sum of the total fixed cost and the variable cost per unit multiplied by the number of units.
The concepts of mixed costs in cost accounting are important to every business. An expense conduct represents both the proper expenses and variable costs caused during the creation interaction.
What is an example of a mixed cost?For instance, if a company pays $10,000 per month for its office space and $500 per month for its utilities, their total monthly expenditure would be $10,500. Rent would be the fixed cost in this scenario, while utilities would be the variable cost. The total cost would consist of them all.
What is a combined cost?A blended expense is an expense that contains both a proper expense part and a variable expense part. In order to predict how costs will change with various levels of activity, it is essential to comprehend the mix of these costs' components.
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Caitlyn and Daniela are going out for pizza to their local gourmet pizza shop. They order a pizza with a total of 5 toppings. The restaurant charges 8 dollars for a pizza, plus $1 per basic topping and $2 per premium topping. The girls spend a total of $15 on their pizza. Let x = the number of basic toppings and y = the number of premium toppings. How many basic and how many premium toppings did they order?
answer choices
A. 7 basic toppings and no premium toppings
B. 3 basic toppings and 2 premium toppings
C. 7 basic toppings and no premium toppings
D. No basic toppings and 5 premium toppings
Pizza is an Italian dish made of a typically round, flat base made of leavened wheat-based dough that is topped with tomatoes, cheese, and frequently other ingredients (such as different kinds of sausage,
mushrooms, onions, olives, vegetables, meat, ham, etc.. The pizza is then baked at a high temperature, traditionally in a wood-fired oven. [1] A pizzetta is another name for a little pizza. A pizzaiolo is someone who creates pizza. In Italy, a knife and fork are used to consume the unsliced pizza that is offered in restaurants. However, in informal settings, it is cut into wedges and eaten with the hand. The word "pizza" first appeared in writing in the 10th century.
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morgan mayfield gives a number of reasons why we should turn off our cell phones during class. it appears that mayfield is one of those luddites who are opposed to technology altogether. no computers, no ipods, no palm pilots--that's what mayfield wants. but that's just ridiculous. it's clear that mayfield is wrong.
Morgan Mayfield is not totally wrong, she is absolutely right that we should turn off our mobile phones during classes because it distracts us from studying in numerous ways. It doesn't mean that she opposes technology altogether. Using a mobile during class is a distraction and it's a disadvantage of technology.
Distractions from technology have a subtle effect on how you think, adapt, and solve problems. For instance, you may look up information on something you saw on television. When you do this, it diverts your attention from the programme and lessens the likelihood that your brain will use its memory.
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standard cost per output unit for each variable direct cost input is calculated by multiplying . question 1 options: actual input allowed for one output unit by standard price per input unit actual input allowed for one output unit by actual price per input unit standard input allowed for one output unit by standard price per input unit standard input allowed for one output unit by actual price per input unit
Standard cost per output unit for each variable direct cost input is calculated by multiplying standard input allowed for one output unit by standard price per input unit.
A standard cost is that the budgeted price of an everyday producing method against that actual costs ar compared. Of course, if a brand new product, service, or method is to be meted out, the initial normal costs can need to be calculable.
Variable cost are any expenses that amendment supported what quantity an organization produces and sells. tThis suggests that variable prices increase as production rises and reduce as production falls. A number of the foremost common sorts of variable costs embrace labor, utility expenses, commissions, and raw materials.
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1.Consider the following diagram. How will the database relationship between Employees and Sales Orders be implemented?
1..1
Products
Sales
Orders
Employees
1..*
0..
1..*
Cash
Cash
Receipts
Customers
1..1
0..*
0..
1..1
Multiple Choice
The Sales Order ID will be included as a foreign key in the Employees table.
The Employee ID will be included as a primary key in the Employees table.
The Sales Order ID will be included as a primary key in the Employees table.
The Employee ID will be included as a foreign key in the Sales Orders table.
The database relationship between Employees and Sales Orders be implemented by the The Employee will be included as a foreign key in the Sales Orders table.
To create a brand new desk containing a overseas key column that references every other desk, use the key-word FOREIGN KEY on the give up of the definition of that column. Follow that with the call of the referenced desk and the call of the referenced column in parentheses.
A overseas key is a column or mixture of columns this is used to set up and put into effect a among the records in tables. There are commonly 3 kinds of relationships: one-to-one, one-to-many, and a column or columns of records in a single desk that refers back to the specific records values -- frequently the number one key records -- in every other desk. Foreign keys hyperlink collectively or greater tables in a relational database.
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Indicate in the blank spaces below, the section of the balance sheet where the toll items are reported. Use the following code to identify your answer: owing Property, Plant, and Equipment Intangibles Other Not on the balance sheet PPE N/A 6. Goodwill 7. Land Improvements 8. Buildings 9. Accumulated Depreciation 10. Trademarks 11. R and D Costs Identify the following expenditures as capital expenditures (C) or expenses (E) 12. Replacement of worn out gears on factory machinery Construction of a new wing on an office building. Oil change on a company truck Overhaul of a truck motor. One year extension in useful life is expected. Purchased a wastebasket at a cost of $10. 15. 16.
The depreciation cost after 1 year is $5.
The term depreciation in economics refers an accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
Here we have given that Oil change on a company truck Overhaul of a truck motor.
And we need to find the depreciation cost after one year.
While we looking into the give question, we have identified that the one year extension in useful life is expected.
And the Purchase price of a a wastebasket is $10.
Here let us consider that the salvage cost is 0.5.
So, as per the depreciation formula, the resulting cost is calculated as,
=> 10 x 0.5/1
=> 5
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Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2020. Robin itemizes deductions. Regular income tax liability Positive AMT adjustments AMT preferences Taxable income $143,145 30,000 100,000 481,000 Calculate Robin's AMT for 2020. O a $7,267. O b. $10,047 O c. $12,636. O d. $15,126.
b .$10,047
How do you figure out your tax obligation from your taxable income?Your gross tax obligation is determined by your taxable income less any tax deductions. Your total income tax liability is the sum of your gross tax liability and any tax credits you are entitled to.
Which modifications apply to AMT?"Tax preferences" or "adjustments" are the names given to these things. Only that adjustments substitute a special AMT treatment for the ordinary tax treatment for an item sets them apart from preferences.
Taxable Income: What Does It Mean?Any gross income produced that is factored into the calculation of your tax liability is referred to as taxable income. It is essentially your adjusted gross income minus any deductions. Included are any pay from the employer, including wages, tips, salaries, and bonuses. Investment
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over the period 2011-2016, most correlations between the u.s. stock index and stock-index portfolios of other countries were
Over the period 2011-2016, most correlations between the US stock index and stock-index portfolios of other countries were
positive but less than .9
What is correlation?The strength and direction of a relationship between two or more variables are described by the statistical measure of correlation, which is given as a number. However, a correlation between two variables does not necessarily imply that a change in one variable is the reason for a change in the values of the other.
The types of correlation include
Linear correlation that is positive. When the variable on the x-axis rises as the variable on the y-axis rises, there is also negative linear correlation.
Non-linear correlation, also known as curvilinear correlation and then No correlation.
The correlation for the US stock index and stock-index portfolios shows a positive linear correlation
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which of the following groups meets to discuss changes in the economy and determine monetary policy?
There are no groups to choose from, however, it should be inferred that within a country the entity in charge of discussing changes in the economy is the government of that country.
The central banks are in charge of determining the monetary policy of the country, since they are in charge of guaranteeing economic and financial stability.
What is economics?It is a type of social science which is responsible for studying the laws that govern the distribution and consumption of goods and services available in a country.
Governments are the main entities which have power over the economies of nations, banks are those entities that control and economically finance governments.
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nancy altidore invested $8,000 at 12% annual interest, and left the money invested without withdrawing any of the interest for 8 years. at the end of the 8 years, nancy withdrew the accumulated amount of money.
At the end of the 8 years, Nancy withdrew the accumulated amount of money-
(a) As per simple interest = $15,680
(b) As per compound interest = $19,807.70
What is simple interest?Simple interest is calculated by multiplying the interest rate by the principal or the amount invested, by the number of days that elapse between the payments.
(a) The amount that Nancy withdrew assuming the investment earns simple interest:-
Simple Interest = Principal × Rate× Time/100
= $8,000 × 12 × 8/100
= $7,680
∴ Amount = Principal + Interest
= $8,000+ $7680
= $15,680
(b) The amount that Nancy withdrew assuming the investment earns interest compounded annually:-
Amount = P(1+r/100)^n
where, P = Amount Invested , r = rate of interest and n = time
= $8,000(1+12/100)^8
= $19,807.70
Therefore, $15,680 and $19,807.70 are the amounts that Nancy can withdrew after 8 years if the investment earns simple and compound interest respectively.
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The full question is attached for reference.
Laramie, Inc., has an operating environment with considerable uncertainty. The company prepares the budget for several different volume levels.
Laramie had the following budgeted data:
Budgeted variable costs per unit: Direct materials $ 7.00
Direct labor 10.00
Supplies 1.00
Indirect labor 0.50
Power 0.05
Budgeted fixed overhead for 2018: Supervision $4,000
Depreciation 3,000
Rent 2,000
What is the difference in total budgeted costs between the volume range of 4,000 and 5,000 units?
$2000 is the difference in total budgeted costs between the volume range of 4,000 and 5,000 units.
What are budgeted costs?Budgeted costs are anticipated future costs that the company anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expense that management thinks will be incurred in a future period. A cost budget is a financial plan that details the anticipated expenses associated with operating a firm, tackling a project, or creating a product. Cost budgets are created for project-related expenses that are large. The cost budget can be created for any time frame, whether it be a quarter, semester, or year. In business, the process of creating a budget involves estimating a company's future revenues and outlays (the money used to pay for expenses and bills).
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Aaron, Inc. is a nonprofit corporation that collects and distributes food for needy families. Aaron, Inc. also operates a small grocery store for profit. Which of the following statements is true?
A) The income from the collection and distribution of food and the income from grocery store are taxable.
B) No income from either of the activities is taxable.
C) Only the income from the collection and distribution of food is taxable.
D) Only the income from the grocery store is taxable.
The following statement, "Only the income from the grocery store is taxable." is true.
Taxable income is the portion of your income that is subject to income tax. This can include income from wages, investments, and other sources. The amount of taxable income you have will determine the amount of income tax you owe.
Taxable income is the money that you earn from your job, investments, or other sources that is subject to taxation. This includes both your pre-tax and after-tax income. The amount of taxable income that you have will determine how much you owe in taxes.
Hence, the correct option is "D".
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Which of the following terms represents the proposition that a negligent party is legally liable only for the foreseeable risk that they cause?A. actual causeB. proximate causeC. establishment causeD. negligent causeE. injurious cause
Option (b), Proximate causation asserts that a negligent party is only held accountable for the risk they could have reasonably foreseen.
How is proximal cause applied?In both law and insurance, a proximate cause is an event that is sufficiently connected to a harm for the courts to identify it as the primary cause of the injury. The legal system distinguishes between proximate cause and actual causality (also known as legal cause). The "but for" test is employed to identify the root cause: Without the action, the outcome would not have occurred. (The crash, for instance, would not have happened if the driver had not sped through the red light.) Although the injury must develop prior to the activity, the harm may not still arise from the action alone. A few situations render the but for test useless.
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Rollerbeam Inc., a provider of engineering services, is looking to hire several maintenance engineers. Rollerbeam's HR department checks with the company's engineering department to confirm that the scenarios mentioned in the test are plausible real-world scenarios that maintenance engineers might face. Which of the following types of validation is Rollerbeam's HR team performing?
The type of validation which Roller beam's HR team performing is Content validation.
What is Content validation?Examining an instrument's content validation determines whether it adequately captures each pertinent aspect of the concept it seeks to assess. A theoretical concept, topic, or idea—specifically, one that is typically not directly measurable—is referred to as a construct in this context. One of the four forms of assessment validity is content validity.
Further the degree to which a measure accurately captures all aspects of a certain construct is referred to as content validation in psychometrics.
Therefore credibility of a survey or evaluation questionnaire is known as content validity. This helps HR managers gauge how well a test used in the employee shortlisting or selection process is working.
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"I believe that it must be the policy of the United States to support free peoples who are resisting attempted subjugation by armed minorities or by outside pressures. I believe that we must assist free peoples to work out their own destinies in their own way. I believe that our help should be primarily through economic and financial aid which is essential to economic stability and orderly political processes."
The statement above is taken from
The statement above is taken from Harry S. Truman's Truman Doctrine.
The Truman Doctrine, created by President Harry S. Truman, stated that the United States would offer political, military, and economic support to any democratic nation under attack from internal or external authoritarian forces.
The Truman Doctrine, also known as the policy of containment, was President Harry Truman's international doctrine under which the US would offer political, military, and economic assistance to democratic nations under communist danger in an effort to stop communism from spreading.
The Truman Doctrine's main objectives were to stop the Soviet Union (USSR) from expanding and to control and prevent the communist sphere of influence in governments all over the world, particularly in Asia and Europe.
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which of the following statements about within-participant designs are false? group of answer choices carryover can be a problem in within-group designs they are less time consuming for participants than between-group designs they require fewer participants than between-group designs none of the above
Regarding the statements about Within- Participant designs in the question, the answer is none of the below.
A within-subjects design, or an in- groups design, is one way that experimenters can assign test actors to different treatment groups. In an in- subjects design, each party gets every condition of the independent variable.
Within-subjects studies are generally used for longitudinal studies as experimenters can assess changes within the same group of subjects over an extended period. Within- subjects designs necessitate lower sample sizes as each party provides repeated measures for each treatment condition.
This also reduces the cost and finances necessary to conduct these studies. Because individual variation is removed, this study design has little room for error, and experimenters can fluently determine any differences that be among treatments.
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Both large and small companies use proposals to solicit or place competitive bids on projects. Most proposals are external and are a critical means of generating income. What type of proposal is written to obtain funding from agencies that support worthwhile causes? a. Informal proposal b. Grant proposal
Both large and small companies use proposals to solicit or place competitive bids on projects. Most proposals are external and are a critical means of generating income. The type of proposal is written to obtain funding from agencies that support worthwhile causes Grant proposal. The correct answer is B.
What traits set a successful grant application apart?A strong grant proposal should be concise, clear, and persuasive. Avoid being overly lengthy while still giving the donor enough details so that they can understand your request and know that you've given it some thought. The narrative you give in your grant application should also aid the sponsor in comprehending your project.
What is the purpose of a grant?The government may provide grants in order to support your initiatives and ideas for providing public services and fostering the economy. Numerous programs in the Catalog for Federal Domestic Assistance, such as ground-breaking research initiatives, vital recovery measures, and others, are funded by grants (CFDA).
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Purchasing a foreign currency overseas at a low price and reselling it in the US market at a higher price is dubbed: A) Moral Hazard B) Leveraging C) Credit Default Swap D) Currency Arbitrage
Purchasing a foreign currency overseas at a low price and reselling it in the US market at a higher price is dubbed Currency Arbitrage . Correct option (d).
What Is Currency Arbitrage?
Currency arbitrage is a forex trading method in which a trader makes use of the various spreads provided by brokers for a certain currency pair. For a given currency pair, varying spreads indicate discrepancies between the ask and bid prices. In order to profit from the mispriced rates, currency arbitrage includes buying and selling currency pairs from several brokers.
Currency arbitrage is the exploitation of differences in quotes offered by brokers.Currency arbitrage can be practiced using different strategies, such as two-currency arbitrage and three-currency arbitrages.Learn more about Currency Arbitrage to visit this link
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Write a query to return Territory and corresponding Sales Growth. Compare growth between periods Q4-2021 vs Q3-2021.
If Territory (say T123) has Sales worth $100 in Q3-2021 and Sales worth $110 in Q4-2021, then the Sales Growth will be 10% [ i.e. = ((110 - 100)/100) * 100 ]
Output the ID of the Territory and the Sales Growth. Only output these territories that had any sales in both quarters.
(select s.order value) as q2.claims Inner join MAP CUSTOMER TERRITORY c on s.customer id=c.customer id where s.order datetime between 1/10/2019 and 31/12/2019, group by c.territory id.
A query might ask your database for data results, a specific action to be taken with the data, or both. A query can add, alter, or remove data from a database, conduct computations, integrate data from other databases, and answer simple questions.
The ability of your sales staff to increase revenue over a predetermined period of time is measured by a metric called sales growth. Businesses run the risk of being surpassed by rivals and stagnating without revenue growth.
Tables include: Cust Sales:
Cust id,product sku,order date,order value,order id,month
Cust Territory: customer city, customer pincode, cust id, and territory id
For this query, consult the databases MAP CUSTOMER TERRITORY and FCT CUSTOMER SALES, which include sales information for each customer respectively.
SALES GROWTH | TERRITORY ID as the output format
Select ((q2.claims - q1.claims)/q1.claims * 100) AS SALES GROWTH, c.territory id from the required query.
From
(select s.order datetime between 1/07/2019 and 30/09/2019 group by c.territory id) as q1.claims, inner join MAP CUSTOMER TERRITORY c on s.customer id=c.customer id,
(select s.order value) as q2.claims Inner join MAP CUSTOMER TERRITORY c on s.customer id=c.customer id where s.order datetime between 1/10/2019 and 31/12/2019 group by c.territory id.
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issuing stock for assets other than cash on november 23, elder lift corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 26,000 shares of $20 par common stock with a current market price of $26. journalize the entry to record the transaction. if an amount box does not require an entry, leave it blank. date account debit credit nov. 23 - select - - select - - select - - select - - select - - select -
Journal Entry- Land A/c dr - 676000;Common Stock A/c cr- 520000; Common stock Cr ...........156000
In order to document a business transaction in the accounting records of the company, a journal entry is used. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized.
The Journal Entry will be
Land account Dr ....................676000 (26000x26)
Common stock account Cr 520000.................... (26000x20)
Paid in capital in excess of Par - Common stock Cr ...........156000 (26000x6)
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when developing probabilistic estimates of project duration, it is necessary to know which of the following? multiple choice the standard deviation of activities on the critical path the distribution of activity times the mean and variance of activities on the critical path each activity's probability of completion the mean and variance of every activity
For producing probabilistic estimates of the project duration, the mean and variation of the activities must be determined.
Probablistic explanation: What is it?A probabilistic strategy or model is based on the probability theory, or the notion that chance affects future events.
In other words, probability can refer to either actual events or to our level of belief in those events. A probabilistic explanation is a style of reasoning that takes into consideration the likelihood of an event occurring or the degree to which a person thinks an event or proposition to be true.
An ensemble of random variables' combined distribution is described by a probabilistic model. Imagine, for instance, that a friend of yours claims to be endowed with psychic abilities, particularly the capacity for psychokinesis. He suggests using a coin toss to show off these abilities and directing the outcome to yield heads.
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a man entered into a contract to operate as a distributor of merchandise for a large clothing company for one year. the contract contained a liquidated damages clause providing for damages in the amount of $200,000 if either party breached the contract. the man spent $25,000 in preparation to enter into the distributorship agreement. the clothing company then breached the contract, for which the man sued. the court determined that the average distributor for the clothing company earned $175,000 per year but that profits varied widely from distributor to distributor based on a number of factors.
According to the average distributor for the clothing company earned $175,000 per year, the distributor must pay $200,000 to the man.
The term contract refers a legal agreement, usually between two companies or between an employer and employee, which involves doing work for a stated sum of money.
Here we have given that a man entered into a contract to operate as a distributor of merchandise for a large clothing company for one year.
And we need to find the conclusion about the given situation.
While we looking into the given question, we have identified that contract contained a liquidated damages clause providing for damages in the amount of $200,000 if either party breached the contract.
And here we also know that the man spent $25,000 in preparation to enter into the distributorship agreement.
And now the company has sued the man.
Here he court determined that the average distributor for the clothing company earned $175,000 per year, so the total amount given to the man is calculated as,
=> $175,000 + $25000
=> $200,000
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Identify each statement as either causing an increase or a decrease in the production of restaurant and bar services during the coronavirus pandemic of 2020, and thus shifting the production possibilities frontier (PPF) outward or inward. Shifts PPF Outward Drag appropriate answer(s) here installing barriers like sneeze guards and partitions devising a new system of curbside delivery Shifts PPF Inward shortage of cleaning supplies like paper towels contactless transactions using smartphones Drag appropriate answer(s) here
Depending on a number of variables, the output of restaurant and bar services during the 2020 coronavirus pandemic may increase or decrease, altering the production possibilities frontier (PPF) in response.
PPF is shifted outward.
(A larger number of customers will be drawn in.)
1-Creating a new curbside delivery system
2- Smartphone contactless transactions
3-Putting up dividers and sneeze guards as obstacles
Contactless payments and new technology will provide consumers with a sense of security.
a societal divide that causes people to seek more products and services, which shifts the demand curve outside.
PPF is turned inward: (Reduction in Number of consumers)
Paper towels and other cleaning materials are in short supply.
A lack of cleaning will discourage guests from entering the restaurant.
Anything that makes people feel comfortable and secure or makes it possible for restaurants to save money will cause PPF to migrate inward when customers are unwilling.
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9 . given the following account balances before closing entries, what would be the balance for harris, capital on the postclosing trial balance (assuming the beginning capital balance is zero)? harris, withdrawals 26000 service revenue 309000 salaries expense 62000 depreciation expense-building and equipment 6800 supplies expense 14,200 insurance expense 16,700 utilities expense 20,300 a. 283,000 b. 163,000 c. 120,000 d. 189,000
Capital balance for Harris would be $155300 on the post-closing trial balance.
Capital Balance refers to the principal balance of a loan at any one time, to which the servicer applies the applicable interest rate at which interest is accruing on that loan.
CAPITAL BALANCE OF HARRIS-
INCOME STATEMENT FOR THE YEAR ENDED
PARTICULARS AMOUNT
Service Revenue 308000
Less-Expenses
Supplies expense 14000
Insurance expense 16400
Utilities expense 20300
Depreciation expense 7000
Salaries expense 68000
Total expenses 125700
Net profit 182300
STATEMENT OF OWNER'S EQUITY
FOR THE YEAR ENDED DECEMBER 31 Amount
Harris Capital, December 31 prior year end 0
Add- Net income 182300
Less- Drawings 27000
Harris Capital, December 31 Current year end 155300
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Inthe context of the study conducted by Lazarova and Caligiuri, which of thefollowing refers to the most important HRM practice for successfulrepatriation?
A)continuous communication with the home office
B)financial and tax assistance
C)agreement about position upon repatriation
D)visible signs that the company values international experience
The correct response would be Option (D), Visible indicators that the business values international experience rank as the most crucial HRM practice for successful repatriation.
When repatriation happens, Employees frequently encounter significant variations between organizational practices and national cultures.
Career planning meetings need to be held by the organization to complete the repatriation. A career planning session gives employees the tools they need to make professional decisions and helps them feel at home in the workplace.
Human resources practices that fall within the definition of HRM include employee staffing, staff development, performance management, compensation management, and encouraging employee involvement in decision-making.
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Which of the following statements is correct?
a. If the tentative minimum tax exceeds the regular income tax liability, the AMT is $0.
b. The exemption amount decreases as AMTI increases.
c. The AMT tax rate for an individual taxpayer can be as high as 26%.
d. Only a. and c. are correct.
e. a., b., and c. are correct.
Only a. and c. are correct statements are correct. The excess of the proposed minimum tax over the standard tax is known as the AMT.
Therefore, the AMT is only due if the annual tentative minimum tax is higher than the annual normal tax. The proposed minimum tax is calculated independently of the standard tax. If your adjusted gross income (AGI) exceeds the exemption for your filing status, then you only need to worry about the AMT. The greater tax would then need to be calculated based on your alternative minimum taxable income. By completing Form 8801 and including it with your tax return.
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