When it comes to accounting, the accrual basis emphasizes when costs and revenues are incurred rather than when they are paid or received.
Revenue is the collective income from sales of goods and services that are directly connected to a company's basic business operations in the context of accounting. Two more phrases for commercial revenue are sales and turnover. Some companies get money from interest, royalties, and other payments. The phrase "income" is commonly used in place of revenues. Examples of revenue accounts using the accrual basis include the following: sales, service revenues, fees collected, interest income and revenue. Revenue accounts are credited when services are provided and billed, and as a result, they frequently have credit balances. The amount of money needed to do something or buy something is called the cost. We must start cutting back on our spending. The house was redecorated at great expenditure. However, Fiscal Fitness likes to divide your expenditure into four categories: fixed, recurring, non-recurring, and whammies (the worst kind of expense).
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Under activity-based costing, a degree program at a university is considered a(n)?
Prior to using activity drivers, activity-based costing uses resource drivers to assign the costs of resources to certain activities.
A technique for allocating overhead costs to various activity cost pools and allocating each of the activity cost pools to specific products or services using cost drivers that identify the activities employed is known as activity-based costing.
Manufacturing cost allocation is typically based on the reasons or causes under activity-based costing. Its use is motivated by this.
Given the foregoing, we can conclude that the It is accurate to say that activity-based costing allows non-manufacturing costs to be assigned to products depending on reason.
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after commodore matthew c. perry's arrival in japan in 1853, what flooded the european market and greatly influenced impressionists, such as mary cassatt and edgar degas?
In 1853, under the threat of naval bombardment, American Commodore Matthew Perry coerced Japan into trading with the West. Markets in Europe were flooded with kimonos, fans, and notably woodblock prints by famous Japanese artists.
Japanese art had a greater impact on other painters, such as Edgar Degas and Mary Cassatt than simply supporting their conceptions of painting. Cassatt, who is well-known for her portrayals of mothers and children, drew heavily on the artwork of Utamaro, a predecessor of Hokusai and Hiroshige.
Many of her creations are copies of Utamaro's prints. Both Cassatt and Degas would depict women swimming, similar to Utamaro, and all three artists paid close attention to curved figures and the strength of the line.
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well-defined and enforced property rights are an essential component of competitive markets in order to avoid:
Well-defined and enforced property rights are an essential component of competitive markets in order to avoid Market failures.
Market failure refers to when individual choices made in the market fail to efficiently allocate limited resources. Without competition or well-defined and completely transferable property rights, markets cannot allocate resources in an effective manner. Under any scenario, decision-makers won't have to weigh the minor advantages and disadvantages of their options.
Market failure is possible when property rights are not sufficiently specified or safeguarded. An externality without a remedy might be, for instance, traffic congestion. Since no company controls the roads, there is no motivation to impose a surcharge during peak hours or a discount during off-peak hours. No distinct property rights belong to the individual road users.
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for the demand function given, find the elasticity at given price and state whether the demand is elastic, inelastic, or whether it has unit elasticity
The correct answer is 11/79: Inelastic. Option A.
To calculate price elasticity divide the change in demand for a product service resource or commodity by the change in price. This number indicates which bucket the product falls into. To calculate elasticity, divide the percentage change in demand or supply by the percentage change in price. The resulting number is the elasticity value of the product.
Durable goods are an example of a product with elastic demand. These are items that are rarely bought, such as washing machines and cars, and can be moved if prices increase. For example, car discounts have been very successful in increasing car sales by lowering prices. To find the price elasticity of demand value, there are mainly three steps he takes. In the first step, the percentage change in quantity is determined by dividing the change in quantity demanded by the new quantity demanded.
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two days later, american fashions returned goods that had been sold to the company at a price of $20,000 and complained to amalgamated that some of the remaining merchandise differed from what american fashions had ordered. amalgamated agreed to give an allowance of $5,000 to american fashions. the goods returned by american fashions had cost amalgamated $15,270. no further returns are expected.
The top nation in the field of fashion design is the United States, which is followed by France, Italy, the United Kingdom, Germany, and Japan.
1. Effect on transaction
Inventory balance
a+230000
b-25000
c NE 0
2.General journal Debit Credit
a. Inventory 230000
Accounts Payable 230000
b. Accounts payable 25000 20000+5000
Inventory 25000
c. Accounts Payable 205000 230000-25000
Cash 205000
The top nation in the field of fashion design is the United States, which is followed by France, Italy, the United Kingdom, Germany, and Japan. American fashion, with the exception of formal work wear, is diversified and primarily casual. While recent immigrants' dress, in particular, reflects their many cultural backgrounds, cowboy hats, boots, denim, and leather motorcycle jackets are distinctively American looks.
The hubs of the American fashion business are New York City and, to a lesser degree, Los Angeles. They are regarded as major centers for fashion. Along with Paris, Milan, and London, New York City is regarded as one of the "big four" global fashion capitals.
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An order qualifier is the characteristic of a product that wins orders in the marketplace.
a. True
b. False
The statement above is false. It is because the definition of order qualifier is a characteristic that will win the bid or customer's purchase.
Order qualification is an important attribute that a product must possess in order to be competitive. The order winner, however, is the 'winner' attribute that makes the customer buy the product.
Order winners and qualifications change from time to time, they are dynamic. As competitors catch up, the winner of the current order moves to qualifying the order. This can also happen when customer expectations or tastes change. A study highlights the importance of understanding order winning strategies.
Order winner is the criterion that distinguishes the company's products/services from other products and wins the purchase. Companies must provide qualifications to enter or remain in the market. To qualify, they simply need to be as good as their competitors – failure to do so can result in lost sales.
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What kind of information would be found in brand specification guidelines?
rules on using specific fonts, colors, logos, and images
rules on web conferencing backgrounds and applications
rules on using specific types of messaging applications
rules on storing and transmitting digital files
The rules on using specific types of messaging applications kind of information would be found in brand specification guidelines. Branding Specifications refers to the guidelines for the Co-Branded Software's design and any supporting materials as outlined in the attachment.
The brand story, logo, colour scheme, typography, image guidelines, and tone of voice are the six key components of the brand guidelines you the develop. They are your Brand Style guidelines genetic code. Some of them might already be in place. brand specification are a crucial tool, regardless of the size of your business, to assist maintain brand consistency without rules.
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Answer: its a
Explanation: the expert answer is so complicated this is simplified answer
in the product development stage, a firm may choose to create a _______, which is a mock-up of a good made with the materials the firm expects to use in the final product.
In the product development stage, a firm may choose to create a Prototype, which is a mock-up of a good made with the materials the firm expects to use in the final product.
Product development otherwise known as new product administration -- is a succession of steps that involves the conceptualization, design, incident, and shopping of newly built or recently rebranded merchandise or services. Product happening contains a commodity's entire journey from the beginning plan to after the allure display release.
Five steps guide the new product development process for limited trades: idea era, hide, idea development, output growth, and, finally, commercialization. A prototype is a working, conditional version of an amount or duty that trades can use for testing, to promote responsibility, and to introduce to financiers before regularly initiating wider retail.
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a company handles an apartment building with 70 units. experience has shown that if the rent for each of the units is $1160 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. what rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1340 per month?
Based on the number of units in the apartment, the rent on each unit and the increase in the monthly rate, the rent that should be charged in other to maximize the total revenue is $1, 280.
How to find the rent?The rent per unit is given to be $1, 160. But, there will be an increase of $20 in the monthly rent if there is a unit vacated. Assuming the number of vacated units is denoted by x, the total rent would be:
= 1, 160 + 20x
The total revenue would be:
= (Number of units in total - Units vacated) x Monthly rent
= (70 - x) x (1, 160 + 20x)
= 81, 200 + 1, 400x - 1, 160x + 20x²
When this is differentiated we get:
dR / dx = 240 - 40x
The maximum rental units that can be vacated for the total revenue to be maximized is:
= 240 / 40
= 6 units
The total rent to be charged to maximize revenue then would be:
= 1,160 + 20 (6)
= $1, 280
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question which function does the office of management and budget not perform? responses recommends changes in the budget recommends changes in the budget prepares the budget prepares the budget vetoes the budget vetoes the budget manages the budget manages the budget
Option B. vetoes the budget, and the office of management and budget does not perform.
Budget management control capabilities are the abilities and knowledge you use while planning and regulating spending at a commercial enterprise. We can apply those abilities in a number of contexts, which include supervising the financial scenario of whole companies to coordinating the spending of a small quick-term undertaking.
The Minister of Finance introduces the finances in Parliament. it's miles mentioned in committees, debated within the homes, and a vote is taken. The budget range is an annual plan for what government desires to obtain and how it'll spend money to reap those desires.
A budget range is an economic file used to project destiny income and prices. to place it sincerely, a budget plans destiny saving and spending in addition to planned profits and expenses.
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In business, a specific commitment to achieve a measurable result within a stated period of time is called a ______.
In business, a specific commitment to achieve a measurable result within a stated period of time is called a goal.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Every business are the specific goal are the commitment to the short and the long period of the time are the measurable of the goal. The goal are the aim of the company to achieve in the future.
As a result, the business are the to achieve a measurable result within a stated period of time is called a goal.
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when employees are activerly at work on the date coverage can be transferred to another insurance carrier, what happens to caoinsurance and deductibles
They carry over from the old plan to the new plan.
Coinsurance
Coinsurance is the sum that an insured must contribute to a covered claim after the deductible has been met. It is often represented as a fixed percentage. It frequently occurs in health insurance. Coinsurance clauses are included in several property insurance plans. The amount of coverage that the property owner is required to have for a structure in this instance is known as coinsurance.
A coinsurance clause is comparable to a copayment, or "copay," clause, with the exception that copays call for a predetermined payment from the insured at the time of the treatment, whereas coinsurance is a percentage payment.
The 80/20 split is one of the most popular coinsurance arrangements. An 80/20 coinsurance plan requires the insured to pay 20% of the cost of medical care, with the insurer covering the remaining 80%.
However, these conditions only take effect when the insured has paid the full amount of the policy's out-of-pocket deductible. Additionally, the majority of health insurance policies have an out-of-pocket maximum that sets a cap on how much the insured may spend on medical expenses in a certain time frame.
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other things equal, when the price of a good falls, the a. supply decreases. b. quantity supplied of the good decreases. c. quantity supplied of the good increases. d. demand increases.
Other things equal, when the price of a good falls, the quantity supplied of the good increases.
What is price of good?
A price is the amount of goods or services exchanged for cash. In society, there would be no marketing without price. The main factor that affects sales operations is the lack of exchange price of a good or service that has been agreed upon in a market transaction. If there is no money, exchange of goods can still take place, but without a price. Wages, rent, interest rates, and profits are all influenced by a product's market price. In other words, the cost of a product affects how much is spent on labour, land, capital, and entrepreneurial ventures.
If the price of a thing falls, the quantity furnished of that proper thing decreases. The courting among the quantity furnished of a thing and the price of the thing while all different impacts on promoting plans stay the same.
The correct option is (c) the quantity supplied of the good increases.
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in the context of the job characteristics model, is the degree to which a job, from beginning to end, requires the completion of a whole and identifiable piece of work.
in the context of the job characteristics model,Task identity is the degree to which a job, from beginning to end, requires the completion of a whole and identifiable piece of work.
What is Task identity?Task identity can be described a the extent that the job that individuals do engage in doing so they can complete the job from beginning to end as well as having identifiable piece of work .
It should be noted that the term is been used in the firm s well as the organization tat do engage in series if task having different team to complete this task.
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centene's+2023+product+expansion+represents+a+__%+increase+from+2022.
The product expansion for Centene in 2023 is an increase of 3 % from 2022.
What is Centene Corporation?According to a Monday announcement by the insurer, Centene Group will expand its Medicare Program (MA) presence by 26% in 2022.
The business intends to grow into 327 more counties as well as Massachusetts, Nebraska, and Oklahoma, three more states. 48 million recipients across thirty-six states and 1,575 counties will now be within its reach.
1.1 million MA members currently belong to Centene throughout 33 states.
In a statement, Brent Layton, president and chief operating officer of Centene, said, "At a time when many elders and their families are still dealing with the effects of the global epidemic (pandemic), we are committed to increasing choice and access to high-quality, affordable Health care plans during this year's Annual Enrollment Period."
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which tool provides options for checking your refund status, requesting tax records, locating free tax prep help, and accessing other interactive tools?
IRS2Go App tool provides options for checking your refund status, requesting tax records.
24 hours after an e-filed return is received, you can check the status of your refund using the "Where's My Refund?" function on IRS.gov or the IRS2Go App. Refund is a sum of money that is returned to you, often because you overpaid or weren't satisfied with a good or service: demand/ask/request a return If the item is unfit for its intended use, you may still request a return even if the condition is good. receive/obtain a refund. Cash received as a result of an overpayment for goods or services, or as a result of the return of an item to the vendor, is known as a refund. A relationship between a group of inputs and one output each is referred to as a function. In plain English, a function is an association between inputs in which each input is connected to precisely one output. A domain, codomain, or range exists for every function.
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shares of stock are: multiple choice legal promises to repay a debt. claims to partial ownership of a firm. regular payments made to owners of a firm. legal promises to make regular payments to the stockholder.
Shares of stock prices are claims to partial ownership.
The smallest unit of stock in a firm is called a share. Therefore, the appropriate word to employ when allocating stock and referring to certain attributes is shares.
The terms "common" and "preferred" describe several classes of a company's shares. They trade at various rates and have various rights and benefits. Common shareholders may vote on issues such as personnel and corporate referendums. Although preferred shareholders do not have voting rights, they are paid back first in the event that the company files for bankruptcy. Dividends may be paid on either class of shares, but if a dividend is announced, the preferred class is guaranteed to receive payment first.
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A number of countries in the world have achieved sustained economic growth, defined as a sustained increase in real gdp per capita. In all of these countries, what is the source of this growth?.
Two main causes of economic growth :
1) increase in workforce size
2) increase in worker productivity
Economic growth can be defined because the growth or improvement within the inflation-adjusted marketplace cost of the goods and offerings produced by an economic system over a sure time period. Statisticians conventionally measure such growth as the percent price of growth in the actual gross domestic product, or real GDP.
Extensively talking, there are two major resources of financial growth: growth in the length of the personnel and increase within the productiveness (output per hour labored) of that personnel. Either can increase the general length of the financial system however simplest robust productiveness boom can growth in step with capita GDP and earnings.
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jpl bases budgeted variable manufacturing overhead on 30% of direct labor costs. if direct labor cost is budgeted at $104,500 and fixed overhead is budgeted to be $40,000, total budgeted manufacturing overhead is $
JPL bases budgeted variable manufacturing overhead on 30% of direct labor costs. if direct labor cost is budgeted at $104,500 and fixed overhead is budgeted to be $40,000, the total budgeted manufacturing overhead is $71,350.
All production expenses excluding direct materials and direct labor are included in the manufacturing overhead budget. The data from this budget is added to the master budget's cost of goods sold line item.
The indirect expenses related to producing a product are known as manufacturing overhead.
Calculation of Total Budgeted Manufacturing Overhead:
Overhead = (Direct labor cost * Variable Manufacturing Overhead) + Fixed Overhead
Overhead = (104,500 * 0.3) + 40,000
Overhead = 31,350 + 40,000 = $71,350
Therefore, the Total Budgeted Manufacturing Overhead is $71,350.
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When deciding to add capacity to a factory _________ need not be considered.
When deciding to add capacity to a factory Immediate Product Demand need not be considered. Product demand is a word that refers to how strongly consumers desire a company's product during a specific time.
Product demand is a word that refers to how strongly consumers desire a company's product during a specific time frame. Numerous variables, including the amount of persons looking for the product, their willingness to pay, and the quantity that is readily accessible for sale to consumers, all influence the demand for the commodity.
A factory, also known as a manufacturing plant or production facility, is an industrial building, sometimes a complex made up of many buildings filled with machinery, where employees produce goods or operate machines that transform one thing into another. The vast majority of the world's goods are produced in factory, making them an essential component of contemporary economic output.
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Which of the following statements is NOT true regarding a Net Promoter Score (NPS)?
a. The NPS is used to measure satisfaction by asking trainees to rate the likelihood of recommending training to a peer.
b. Trainees are categorized into detractors, permissives, and promotors.
c. The NPS is computed by subtracting the number of distractors from the number of promoters, dividing this number by the number of respondents, and then multiplying by 100.
d. None of the above-each statement is true.
The statement given in option (b) i.e. ‘Trainees are categorized into detractors, permissives, and promotors’ is not true about a Net Promoter Score (NPS).
Net Promoter Score is a metric used to measure customers’ loyalty to and satisfaction with a product or service of how likely they will recommend the service or product to others. Net Promoter Score helps enterprises to address problem areas, improve customers’ experience, keep track of loyalty trends, and generate revenues through upsells and referrals.
Net Promoter Score is a valuable metric to predict the growth of the business. It is because when a company has a high Net Promoter Score, it means that the company has a strong relationship with customers and generates a positive growth cycle.
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for the same company and the same year, net income on a single-step income statement will be equal to net income on a multiple-step income statement. greater than on a multiple-step income statement. sometimes great than, and sometimes less than, on a multiple-step income statement. less than on a multiple-step income statement.
For the same company and the same year, A. the net income on a single-step income statement will be equal to net income on a multiple-step income statement.
What is a single-step income statement?The single-step income statement shows the entity's total revenue and total expenses with the net income without going into details, unlike the multiple-step income statement.
What is a multiple-step income statement?The multiple-step income statement is a detailed summary of an entity's revenue and expenses with classifications for operating and non-operating items.
For the net income, the multiple-step income statement does not arrive at it without breaking it down into gross profit, operating income, and net income before and after taxation.
Thus, while the single-step and multiple-step income statements are different, they arrive at the same net income for the same company and the same accounting year.
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The inability of either side to make significant advances in belgium and france led to __________.
C - the construction and use of trenches. Since either sides failed to make any significant changes in Belgium and France, it led to the construction of trenches. Trenches are a long trench in the ground, especially one used for defensive fortification and frequently topped with scooped dirt.
- More about trenches :
- A trench is a sort of ground excavation that is often narrower than it is long (as opposed to a broader gully or ditch) and deeper than it is wide (as opposed to a simple hole or pit).
- Trenches were constructed in a zig - zag pattern with various along the lines during World War I. So that warriors could travel between the tiers, several routes were dug.
- Trenches do have a barbed wire fence and an embankment at the top. Soldiers dug it up. They are simply referred to as excavations, where the removal of material creates a small gap in the ground.
- In conclusion, because it offers protection from enemy fire and provides cover during combat, it was utilized during the First World War.
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- The complete question is :
The inability of either side to make significant advances in Belgium and France led to __________.
A. the use of tanks and machines guns
B. the construction of airfields
C. the construction and use of trenches
D. a decrease in the use of poison gas
the total utility (tu) curve shows the total utility provided by the successive consumption of pizza slices. place points a, b, c and d of the marginal utility curve to depict the marginal utility of pizza slices.
The marginal utility of pizza slices showing points a, b, c, and d is attached below
This is further explained below.
What is the marginal utility of pizza slices.?Generally, The difference between the present total utility and an earlier total utility may be determined by subtracting the current total utility from the earlier total utility.
Calculating the change in units is as simple as taking the current unit amount and subtracting it from the unit amount from before.
It refers to the sum total of happiness that a customer experiences as a result of the consumption of a certain kind of product or service. It is the amount of pleasure gained by a customer from extra consumption of a unit of any specific product or service. Satisfaction may be acquired from the consumption of any particular commodity or service.
The marginal utility of pizza slices, with points a, b, c, and d labeled below, is shown in the attached table.
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Over the past few decades, selling products and services to a targeted audience has become increasingly more difficult.
A. True
B. False
An economic result of the decrease in population as a result of the black death was.
This terrible disaster was the Black Death. Peasants' salaries did rise as a result of the plague's population decline, though. Peasants started to experience a higher standard of living and more freedom as a result.
What impact did the Black Death have on the economy?
The estimated per capita GDP dropped by 6%, from 1348 to 1349. Similarly, real wages were 9% lower and the estimated per capita GDP fell by 3.3% in 1350 in Spain, where the Black Death also made its appearance there in 1348.
What impact did the Black Death have on the populace?
Even experts who are familiar with the broad strokes find the Black Death to be a surprise. Between 30 and 50 percent of Europe's population perished in the plague. Beginning in 1348 when the plague entered London, between 75 and 200 million individuals perished over the course of a few years.
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singh sport training currently pays no dividends. the company is anticipating annual dividends of $.03, $.07, $.12, and $.25 over the next 4 years, respectively. after that, the company anticipates increasing the dividend by 2.5 percent per year. to value this stock as of today, an analyst would most likely first determine the value of:
Based on the fact that Singh Sport Training will increase dividends by 2.5% after the 4th year, the first thing an analyst would need to determine before finding the value of the stock is P₄.
How to solve for stock value?When given the dividends that a company plans to pay in future, along with a dividend rate that would be indefinite, you should use the Dividend Discount Model.
Assuming this is the model that would be used by the analyst to determine the value of Singh Sport Training stock, the first thing the analyst would need to do is to solve for the value of the stock on the 4th year.
To solve for this value, the analyst would use the dividend growth rate to find the next dividend, and then divide it by the difference between the Expected return and the growth rate. This value on the 4th year will then be discounted along with the dividends from years 1 to 4, to find the stock value.
Options for this question include:
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a company made an ordinary repair to a delivery truck at a cost of $1,500. the company’s accountant debited the asset account, equipment. was this treatment an error, and if so, what will be the effect on the financial statements?
The effect on the financial statements - The treatment is incorrect. When an ordinary repair is incurred, it must be charged to repairs rather than equipment.
What is financial statements?
Financial statements are documents that describe a company's operations and financial performance. Government organisations, accounting firms, etc. frequently audit financial statements to ensure accuracy and also for tax, financing, as well as investing purposes. The balance sheet, income statement, cash flow statements, as well as statement of changes in equity are the four primary financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organisations. Financial information is used by investors as well as financial analysts to assess a company's performance and forecast where the stock price will go in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial information.
Because the treatment was entered incorrectly:
Because the expense was not recorded, net income will be overstated on the income statement.
The value of the assets on the balance sheet will increase because the repairs were debited to the asset account.
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a nation's real gdp was $200 billion in year 1 and $210 billion in year 2. its population was 120 million in year 1 and 125 million in year 2. what is its real gdp growth rate in year 2?
The real GDP growth rate in year is 5%
What is GDP?
A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a given time period. It serves as a thorough scorecard of a particular country's economic health as a broad indicator of overall domestic production. While GDP is frequently calculated on to an annual basis, it is also occasionally calculated on the a quarterly basis. In the United States, for instance, the government releases an annualised GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in real terms, price changes are taken into account and the data is therefore net of inflation.
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When a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced.
a. True
b. False
It is true that, when a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced.
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different items that may be manufactured with the tools and resources present in use. The PPF efficiently illustrates the notions of choice, alternatives, and shortages.
The PPF's shape depends on whether costs are rising, decreasing, or remaining the very same. It is true because, in accordance with the theory of increasing opportunity cost, opportunity cost would rise as even more units were manufactured if the frontier of production possibilities frontier bowed outward and generated another one.
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