Being your own boss means accepting accountability for the mistakes of the business.
As a business owner, you are ultimately responsible for the actions of your employees. If they break the law or engage in unethical behavior, they should hold accountability. This is why it's so important to have a strong code of conduct and ethical standards in place.
You should also be aware of any red flags that could indicate your employees are engaging in questionable behavior. By being proactive and diligent, you can help create a culture of accountability in your business.
Hence, the correct option is "C".
The question is incomplete, the complete question is:
Being your own boss means:
A. reducing your working hours.
B. having the freedom to set your own working hours and taking lots of vacations, particularly when just beginning the business.
C. accepting accountability for the mistakes of the business.
D. having limited financial resources to throw into the business.
To know more about business, click here.
https://brainly.com/question/15826771
#SPJ4
Who is known to gravitate towards products that will make others think the adopter is fashionable and cutting-edge?.
Early adopters are known to gravitate towards products that will make others think the adopter is fashionable and cutting-edge.
The early adopters or lighthouse customers are the early customers of a product or technology. They are individuals or businesses who are the first to use a new product, innovation, or technology before the majority of members of the market. They are usually risk-takers and trendsetters and have a considerable influence on the new product’s success or failure. They are likely to pay a higher price for the product than later adopters as view this as elevating their social status. Early adopters thus gravitate towards the new products thinking it will make them look fashionable and cutting-edge. The term has its origin in Everett M. Rogers' Diffusion of Innovations.
Learn more about Early adopters:
https://brainly.com/question/14291606
#SPJ4
Which of the following rain-related losses WOULD be covered under this renters insurance policy?
Your laptop is ruined because you left your window open during a moderate rain shower
Your mattress is ruined because part of the apartment’s roof blew off during a major rainstorm, creating a stream of water landing directly on your bed
Your carpet is ruined because your roommate negligently left her wet boots, umbrella, and raincoat sitting in a pile on the rug all afternoon
You lose a day’s wages because a horrible rainstorm makes it impossible to get to your job
The statement that i rain-related losses WOULD be covered under this renters insurance policy is Your mattress is ruined because part of the apartment’s roof blew off during a major rainstorm, creating a stream of water landing directly on your bed.
What is insurance?Insurance can be described as the act insuring your property as well as other things with the insurance company and you will be paying some agreed premium on it.
It should be noted that there arer some things that cn not be covered by the insurance company such as when rainstorm affect your mattress.
Therefore, the second option is correct.
Read more about insurance at:
https://brainly.com/question/25855858
#SPJ1
blanchard discusses a number of ways in which his organization seeks to inspire employees, including coaching them, gainsharing, allowing them to participate in decisions, and leaving them inspirational messages. what other behaviors are essential for strategic leaders today? check all that applyportment according to high ethical standardsimplementation of controls to monitor deviation from performance objectivesability to navigate a multicultural environmentdemonstration of a commitment to diversity and inclusion
Rules according to high ethical standards, implementation of controls to monitor deviation from performance objectives and demonstration of a commitment to diversity and inclusion are the other behaviours essential for strategic leaders.
Four leadership philosophies—direct, coach, support, and delegate—that are flexible to the full spectrum of an employee's developing behaviour are included in the situational leadership paradigm. They apply high ethical standards that are met with the team spirit. They also make sure that the team is focused and not deviated as well as they make commitments that are fulfilled by the team members so as to raise the business.
Paul Hersey and Ken Blanchard established the situational leadership approach where they stated that there isn't a single leadership approach that is effective in every circumstance.
To know more about leadership qualities, refer to the following link:
https://brainly.com/question/18956229
#SPJ4
what sales technique encourages a client to purchase additional services, products, or add-ons at the point of sale
At the point of sale, the referral sales technique encourages customers to buy extra services, goods, or add-ons.
Any exchange of tangible or intangible commodities, services, or assets services for cash between two or more persons is referred to as a sale. In some sales situations, a seller is compensated with assets other than cash.
A deal between a buyer and a seller regarding a financial security's price and precise delivery arrangements is referred to as a sale in the financial sales markets.
Whatever the circumstances, a sale is fundamentally a contract between services a vendor offering a certain commodity or service and a customer willing sales to pay for it.
Learn more about sales here
https://brainly.com/question/15375944
#SPJ4
a stock is expected to pay dividends of $1.20 per share in year 1 and $1.35 per share in year 2. after that, the dividend is expected to increase by 2.5% annually. what is the current value of the stock at a discount rate of 14.5%? $ (keep 2 decimal digits in your final answer)
If a stock is expected to pay dividends of $1.20 per share in year 1 and $1.35 per share in year 2. the current value of the stock at a discount rate of 14.5% is $10.87.
How to find the current value of the stock?First step is to find the price inn year 2 (P2)
P2 = D3 ÷ (r - g)
Price in year 2= 1.35 × 1.025 ÷ (0.145 - 0.025)
Price in year 2 = $1.38375 ÷ (0.145 - 0.025)
Price in year 2 = $1.38375 ÷ 0.12
Price in year 2= $11.53125
Now let find the current price
Current Price = $1.20 ÷ 1.145^1 + $1.35 ÷ 1.145² + $11.53125 ÷ 1.145²
Current Price = $10.87
Therefore the current price is $10.87.
Learn more bout current price here:https://brainly.com/question/15520873
#SPJ1
A consideration when using centralized compensation is what currency employees will be paid. Most US companies pay
even their overseas workers in dollars, and not in the local currency where the employee is working. What challenge might
be avoided in doing this?
O Currency valuation fluctuations
Cost of living
Equity in raises
Difficulties in administration
Most US companies pay even their overseas workers in dollars, and not in the local currency where the employee is working. Currency valuation fluctuations challenges might be avoided in doing this. The correct option is A.
How can a company overcome currency fluctuations?A forward contract protects the value of a transaction from future currency fluctuations. Fluctuations are avoided by setting the currency value at the value it is on the day when the deal is made as the one that will be considered at settlement.
Hedging reduces currency risk by offsetting currency fluctuations. If a US investor holds stocks in Canada, for example, the realized return is influenced by both changes in stock prices and the value of the Canadian dollar relative to the US dollar.
Thus, the ideal selection is option A.
Learn more about currency fluctuations here:
https://brainly.com/question/890685
#SPJ1
the price of peaches is $2.29 per pound on monday. on thursday, the price of peaches goes to $2.79 per pound. : What changes: D or Qd?
The price of peaches is $2.29 per pound on Monday. On Thursday, the price of peaches goes to $2.79 per pound. Qd will change.
What is demand in an economy?
Demand refers to the desire and willingness of consumers to purchase a product or service at a particular time or date. Consumers must also be able to pay for what they want or need, within their disposable income budget. Therefore, demand is a force influencing economic growth and market expansion.
What is the quantity demanded ?Quantity demanded is a term used in economics to describe the total quantity of a good or service demanded by consumers in a given time period. It depends on the price of the good or service in the market, whether the market is in equilibrium or not.
Learn more about quantity demanded:
brainly.com/question/1692392
#SPJ4
Gemini group ordered motor tune ups and oil changes on their entire fleet of company vehicles in the third quarter. How should this expense be recorded?.
Gemini Group organised oil changes and motor tune-ups.Modifications to their entire fleet of business vehicles when the third quarter began. Make sure to include this as a revenue expenditure, spending.
The concept of “revenue expenditure”expenses incurred by a business on a regular basis operations from which a profit will be realised during the same period. Utilities, rent, salary, and commissions, manufacturing, legal, insurance and other expenses like printing and mailing examples of these costs there are basically two types, the first of which is pertaining to the sales cost.The other is associated with Opex. Price of a sale the cost of purchasing products or receiving services that must be made accessible for purchase while running cost is the cost incurred to maintain a business.Any commercial transaction involves costs, which are common. The cost of changing the oil In the company’s truck fleet is deducted from the repairs and maintenance charge.
To know more about Revenue expenditure visit:
https://brainly.com/question/25607894
#SPJ4
quiet-night hotel corp. has developments around the globe. customers expect the same experience in every hotel but that has been a problem as not every hotel follows the expectations set down by the company. quality control is a significant disadvantage of .
Customers expect the same experience in every hotel but that has been a problem as not every hotel follows the company. quality control is a significant disadvantage of franchising.
A company, also known as co., is a legal designation for a group of people with a particular goal who are either naturally occurring, legally created, or a combination of both. Members of the company collaborate to accomplish clearly stated objectives. A customer is the recipient of a good, service, product, or idea in sales, commerce, or economics that they have purchased from a seller, vendor, or supplier in exchange for money or another valuable consideration. A customer is a person or company who makes a purchase of goods or services from another business. Customers are crucial because they generate revenue; without them, businesses would be unable to survive.
Learn more about company here :
https://brainly.com/question/27238641
#SPJ4
before it collapsed swissair was once one of the richest airlines in the world. leaders felt so successful that they quit questioning their decisions (individual concerns were brushed aside or kept quiet); this practice is known as .
A poorly thought-out alliance strategy that also damaged Swissair's reputation as a high-quality carrier and the company's failure to successfully coordinate its own operations led to Swissair's quick collapse from one of the industry' most famous carriers into bankruptcy.
Affected by the Great Depression was Switzerland?
The two epicentres were the United States and Germany, although every economy-dependent nation suffered. With the exception of 1937 and 1939, Switzerland's industrial production decreased by 20% between 1929 and 1932 and stayed below the 1929.
The two epicentres were the United States and Germany, although every economy-dependent nation suffered. With the exception of 1937 and 1939, Switzerland's industrial production decreased by 20% between 1929 and 1932 and stayed below the 1929 level through the conclusion of the decade (and, indeed, the end of World War II).
Learn more about swissair collapsed
https://brainly.com/question/17453704
#SPJ4
the longer the focus of managerial incentive compensation, the greater the top-level managers. a. earnings potential for b. potential tax burden for c. risks borne by d. incentives for
Answer (c) is the right choice. The risks assumed by top-level managers increase with the length of the managerial incentive compensation emphasis.
Incentives for managing risk: what are they?Executive remuneration often creates risk-taking incentives that are intended to increase shareholder value by lowering managerial risk aversion and encouraging managers to make risky investments that will increase shareholder value.
What are the dangers of using the incorrect incentives?Financial incentives come with the risk of fostering wage inequity, which can increase turnover and degrade performance in addition to encouraging poor behavior. When financial incentives are based on performance, managers and workers performing identical tasks are paid differently.
What impact do incentives have on employees?Incentives were taken into account as a type of compensation that is directly related to workers' performance. Employee performance improves when profits or incentives increase. Another method of paying employees outside their salaries is through this technique of giving them financial incentives.
Learn more about Financial incentives: https://brainly.com/question/11555016
#SPJ4
your boss has just asked you to calculate your firm's cost of capital. below is potentially relevant information for your calculation. what is your firm's weighted average cost of capital? common equity: book value
The weighted average cost of capital (WACC) is the amount that a company anticipates charging on average to all of the purchasers of its liabilities in order to fund its assets (WACC). It's significant that the external market, not management, controls it.
What is cost of capital ?The minimum rate of returns or profit that a business must achieve before creating value is known as the cost of capital. It is calculated by the accounting department of a business to evaluate financial risk and determine the suitability of an investment.
Simply multiply the yield on preferred shares and the percentage of debt and preferred stock, respectively, in a firm's capital structure. The cost of debt must be multiplied by (1 - tax rate), which is considered to as the value of the tax shield, because interest payments are tax deductible.
When calculating WACC, the cost of each financial institution (debt and equity) is multiplied by the relevant weighting by market value, and the results are added up to reach the final result. In discounted cash flow analysis, WACC is sometimes applied as the discount factor for future cash flows.
Learn more about Average cost of capital:
https://brainly.com/question/8287701
#SPJ4
research indicates that high-performance teams are much more likely to develop when the manager hand-selects team members. True False
The given statement is true, that high-performance teams are much more likely to develop when the manager hand-selects team members.
What holds true for high-achieving teams?Teams that work well together have similar goals, objectives, and priorities. To ensure that their efforts result in success, they establish team and personal goals that complement this common vision.
In order for everyone to know exactly what they need to do and how to get there, goals must not only be aligned, but also clearly defined. The hand-picking of team members by the manager increases the likelihood of high-performance teams developing.
Therefore, it is true.
Learn more about the managers, refer to:
https://brainly.com/question/29023210
#SPJ1
the horizontal revolution is characterized by the fact that . a. only companies can communicate with huge numbers of people. b. only governments can communicate with huge numbers of people. c. information flows from big companies down to the people. d. information flows from governments down to big companies. e. information flows across people.
The horizontal revolution is characterized by the fact that information flows across people. Option (e) is correct.
Social media, in its most basic sense, is a group of computer-mediated technologies that make it simple for individuals to access, send, and exchange information of all kinds. According to Tuten and Solomon (2014), social media refers to "the means of communication, conveyance, collaboration and nurturing among interconnected and interdependent networks of individuals and communities using the new technology."
They refer to this information transfer from major corporations or governments to a sizable population as a horizontal revolution. This transfer occurs with the click of a keypad.
To learn more about Social media, visit the link below:
brainly.com/question/9564823
#SPJ4
Type the correct answer in the box.
Identify the marketing research technique implied in the scenario.
A toothpaste manufacturing company has created a new ad for their product to air on television. After the ad airs, bcthey intend to show the ad to a certain
number of customers and then ask them for their feedback regarding the ad. This company is engaging in the _____________
market research technique.
The company is engaging in Customer behavior marketing research techniques.
Consumer Behavior
Consumer behavior refers to the study of consumers and the actions and the decision processes they use to purchase goods and services to satisfy their needs and wants, including emotional, mental, and behavioral responses
Types of
Complex buying behaviorDissonance-reducing buying behaviorHabitual buying behaviorVariety seeking behaviorHence, The company is engaging in Customer behavior marketing research techniques.
To know more about Consumer Behavior from given link
https://brainly.com/question/16795352
#SPJ1
how will unit (average) cost of manufacturing (materials, labor and overhead) usually change if the production leevel rises?
The unit (average) cost of manufacturing (materials, labor, and overhead) often rises in direct proportion to the rise in production.
What is manufacturing costs?The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead expenditures are included in these expenses. Normally, the costs are shown as separate line items in the revenue statement. These expenses are incurred by an entity during the production process.Total production cost is calculated as follows: Direct materials + Direct labor + Manufacturing overheads.Materials, labor, and overhead are the three main areas of costs in the manufacturing industry. There are no indirect costs. In other words, while the foreman's salary and supplies are included, neither the corporate accountant's salary nor those of the accountant's office are.
To learn more about manufacturing costs refer to:
https://brainly.com/question/13767214
#SPJ4
according to the bcg matrix, business units that are doing poorly in a low growth market are called . group of answer choices
An analysis of a company's products using a BCG matrix is a tool for long-term strategic planning. Companies can use the matrix to find new opportunities for growth and choose their future investment strategy.
What Is a BCG Matrix?Businesses can better understand their present and future competitive environments by using a BCG matrix.Business leaders can use the process to enhance products, spot new opportunities, and even decide which services to cut out.A BCG matrix has limitations, thus some businesses might want to look into alternative models.This article is for business owners who wish to assess their industry and make future plans for their enterprise.Since 1968, businesses have utilized the BCG model to help them understand which goods will help them take advantage of chances for market share expansion and provide them a competitive edge.The BCG matrix model, which was created more than 50 years ago, is still a useful resource for businesses looking to assess their potential.To Learn more About BCG matrix refer to :
https://brainly.com/question/28487194
#SPJ4
4. net present value method rydell manufacturing is evaluating a proposed capital budgeting project that will require an initial investment of $160,000. the project is expected to generate the following net cash flows: year cash flow 1 $43,600 2 $51,500 3 $48,000 4 $46,900 assume the desired rate of return on a project of this type is 9%. the net present value of this project is suppose rydell manufacturing has enough capital to fund the project, and the project is not competing for funding with other projects. should rydell manufacturing accept or reject this project? reject the project accept the project
The Rydell manufacturing should reject the project with initial investment of $160,000 and net cash flows as year 1 $43,600 2 $51,500 3 $48,000 4 $46,900 because the NPV of this new investment is negative.
What is NPV ?The difference between the current worth of future cash inflows and outflows is regarded as net present value. The NPV is used in capital budgeting and investment planning to evaluate the viability of a proposed investment. Employing the net present value (NPV), which takes into account the time value of money, is one way to compare the rates of return of various projects or assess how well an anticipated rate of return corresponds to the hurdle rate necessary to authorize an investment.
In the NPV calculation, the discount rate, which is dependent on a company's cost of capital, represents the time value of money. This rate may be a barrier for a project.
To solve the question :
Cost of the new investment is $160,000
Net cash flows :
Year 1 – $43,600
Year 2 –$51,500
Year 3 – $48,000
Year 4 – $46,900
Assumed rate of return 9%.
NPV Calculation of the new investment :
Cash Inflows from Investments :
NPV = ∑ [tex]\frac{R_{t}}{(1 + i)^{t} }[/tex]
Where,
[tex]R _{t}[/tex] = net cash flows at time (t)
i = desired rate of return
t = time of the cash flow
= $43,600/1.09 + $51,500 /1.09^2 + $48,000/1.09^3 + $46,900/1.09^4
= 40,000 +43,350.17 + 37,065.64 + 33,215.29
= 153,631.10
Net Present Value = Cash Inflows from Investments – Cost of Investments
Or, Net Present Value = $153,631.10 – $160,000
= -6368.9
From the above result, we can conclude that this is not a worthy investment; because the NPV of this new investment is negative.
To know more about, NPV, visit :
https://brainly.com/question/20344604
#SPJ4
you have a portfolio that is invested 24 percent in stock a, 38 percent in stock b, and 38 percent in stock c. the betas of the stocks are .71, 1.26, and 1.55, respectively. what is the beta of the portfolio?
The beta of the portfolio is 1.24.
A stock's anticipated movement in relation to changes in the entire market is measured by the concept of beta. A stock with a beta larger than 1.0 is thought to be more volatile than the overall market, whereas one with a beta below 1.0 is thought to be less volatile.
Percentage invested in Stock A = 24%
Percentage invested in Stock B = 38%
Percentage invested in Stock C = 38%
The beta of stock A = 0.71
The beta of stock B = 1.26
The beta of stock C = 1.55
The beta of the portfolio= 0.24 × 0.71 + 0.38 × 1.26 + 0.38 × 1.55
= 1.2382
= 1.24
To learn more about portfolio
https://brainly.com/question/17165367
#SPJ4
south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession. the probabilities of a boom, normal economy, and a recession are 6 percent, 92 percent, and 2 percent, respectively. what is the standard deviation of the returns on this stock? (round to six decimal places for intermediate calculation) group of answer choices .38 percent .55 percent .42 percent .06 percent .13 percent
0.32% is the standard deviation of the returns on this stock if south trucking, inc. stock is expected to return 8.4 percent in a boom, 8.9 percent in a normal economy, and 9.2 percent in a recession.
A security that denotes ownership of a portion of the issuing company is recession share referred to as a stock, also known as equity. Shares, which are units of stock, entitle their owners to a portion of the company's assets and profits based on how many shares they own.
The cornerstone of many individual investors' portfolios, stocks are recession primarily bought and sold on stock exchanges. Government rules aimed share at shielding investors from dishonest practices must be followed when trading stocks.
Expected return=Respective return*Respective probability
=(0.08*8.4)+(0.7*8.9)+(0.22*9.55)
=9.003%
probability Return probability*(Return-Expected Return)^2
0.08 8.4 0.08*(8.4-9.003)^2=0.02908872
0.7 8.9 0.7*(8.9-9.003)^2=0.0074263
0.22 9.55 0.22*(9.55-9.003)^2=0.06582598
Total=0.102341%
Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)
=(0.102341)^(1/2)
=0.32%
Learn more about stock here
brainly.com/question/28663581
#SPJ4
short- and long-run equilibrium ii. if the economy is in short-run macroeconomic equilibrium at e1, it is in a(n):
Short- and long-run equilibrium ii. if the economy is in short-run macroeconomic equilibrium at e1, it is in an inflationary gap.
A macroeconomic concept known as the inflationary gap quantifies the discrepancy between the real gross domestic product (GDP) at the current level and the GDP that would exist if the economy were experiencing full employment.
When demand for goods and services outpaces supply due to elements like higher levels of overall employment, increasing trade activity, or higher government spending, there is an inflationary gap.
In light of this, there may be an inflationary gap if the real GDP exceeds the potential GDP. The inflationary gap is so named because an economy's increased consumption as a result of the relative gain in real GDP eventually drives up prices.
To know more about inflationary gap click here:
https://brainly.com/question/28177346
#SPJ4
a multinational organization is extremely confident about its latest product and releases a single version of the product across the world. the organization is adopting a(n) strategy with its new product.
The organization is adopting a global strategy with its new product.
A company that has a global strategy is one that is eager to compete and grow in the international market. The global strategy consists of the plans and strategies it employs to grow in other nations so that it can increase the revenue from the goods and services it provides there. Managers adopt a global strategy when they decide that businesses should utilise the same fundamental marketing strategy and offer the same standardised product in every national market where it competes.
It offers more chances for ideas created locally or in one country to be used in other markets. This is done in order to advertise or market its goods and services internationally. This approach is taken in response to the various characteristics of international commerce and the state of the global markets.
Read more about global strategy on:
https://brainly.com/question/28456073
#SPJ4
tracy manages a group of 15 employees at work. she works hard to maintain a warm, friendly relationship with her employees and tries to support group cohesion. sometimes, her employees think she is a little disorganized, but they all agree that they feel truly cared for. tracy is an example of what type of leader?
Tracy is an example of expressive leader as she helps the employees.
Which of the aforementioned tactics would be employed to reduce social loafing?
The creation of smaller groups or teams is one of the most effective ways to lower the possibility of social loafing. Make it simpler for team members' efforts to be recognised and backed. Smaller groups also make it easier for people to develop relationships and come together as a team, two qualities that motivate people to participate. the propensity for group members to put in less effort when working together to achieve a common objective than when held individually responsible. community facilitation In the presence of others, responses to easy or well-learned activities are more forceful.
To know more about social loafing click on the link below:
https://brainly.com/question/13044384
#SPJ4
Consider the history of the world from 1 million b.c. until now. although data from early history are limited, we have some information about how people lived and how much they consumed. a. based on the information, we can conclude that the global rate of economic growth has remained constant throughout history. true false
It is false that the global rate of economic growth has remained constant throughout history.
The secret to enhanced wealth is technological innovation that boosts productivity. But advances in technology occurred earlier than the 17th century. A few non-technical novelties include windmills, irrigation technology, and new crops from the New World.
Populations grow as a result of technological advancements, but not in terms of wealth. The productivity and population density should be positively correlated, if the study of the pre-growth economy is accurate.
Between 1948 and 2022, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with record highs of 13.40 percent in the fourth quarter of 1950 and -8.40 percent in the second quarter of 2020.
To know more about economic growth:
https://brainly.com/question/23511463
#SPJ4
on january 1, a company issues bonds dated january 1 with a par value of $370,000. the bonds mature in 5 years. the contract rate is 11%, and interest is paid semiannually on june 30 and december 31. the market rate is 10% and the bonds are sold for $384,280. the journal entry to record the first interest payment using straight-line amortization is: (rounded to the nearest dollar.)
The journal entry is shown below:
Cash Dr $370,000
Discount on bond payable Dr $14,280
To Bond payable $384,280
(Being the issuance of the bond is recorded)
What is journal entries?
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry.
To know more about journal entry, refer:
https://brainly.com/question/20421012
#SPJ4
you, an engineer, and an attorney friend, rob, started a small business 3 years ago to do energy audits for small businesses. a piece of equipment that costs $25,000 then has become prematurely obsolete and needs to be replaced with a solid state version that has a purchase price of $20,000 and the current equipment has a nil salvage value. your company accountant shows the book value of the equipment to be $10,000. (a) if you buy the solid state equipment, how should the difference between the cost of the new equipment and the value of the old equipment be considered? (b) your partner thinks of this difference as an added cost to the new equipment, effectively making its purchase price $30,000. is she correct?
In option A, the book value of the old equipment which is shown as $10,000 needs to be written down to zero.
In option B, no. she is not correct in stating that the new equipment price is $30,000.
This should be shown as an expense in the profit and loss statement thus showing an expense under exceptional items as $10,000. The new item worth $20,000 is a capital investment and needs to be capitalized and shown in the asset section. Only the depreciation on the same needs to be charged to the Profit and Loss statement. The new equipment should be recorded at $20,000 only and $10,000 should be recorded as a write-off expense.
To learn more about purchasing price, cost, and equipment,
https://brainly.com/question/14892961
#SPJ4
In what range do the closing costs on a home loan typically fall?
a. 1% to 3%
b. 3% to 5%
c. 5% to 7%
d. 7% to 10%
Please select the best answer from the choices provided
OA
OB
OC
OD
Answer:3-5% on edge just got it right
Explanation:
without knowing what happened later: if you were going to invest in the boston beer company ipo, what information would you use to figure out how much your max price per share would be? (3-4 sentences)
You would analyze the Boston Beer Company's financial statements to determine your maximum price per share. Potential investors can clearly understand a company's overall financial health from financial statements.
Give a brief account of financial statements.Financial statements, usually referred to as financial reports, are official records of the financial operations and status of an individual, company, or other institution. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. They typically contain a management discussion and analysis and four fundamental financial statements:
A balance sheet, also known as a statement of financial position, details the assets, liabilities, and owner equity of a business at a specific point in time.An income statement, sometimes referred to as a profit and loss report (P&L report), statement of comprehensive income, or statement of revenue & expense, lists the revenue, expenses, and profits of a company. A statement of retained earnings, a statement of equity, or a statement of changes in equity provides information on the company's equity changes during a certain time period.A cash flow statement provides information on a company's investing, operating and financing operations as well as its cash flow for a specific time period.Other comprehensive income components that are not taken into account when calculating net income are included in a comprehensive income statement.To know more about, financial statements, visit :
https://brainly.com/question/17073178
#SPJ4
paola purchased an office building on january 5, 2020, for $450,000. $30,000 of the price was for the land. on september 25, 2021, he sold the office building. what is the cost recovery deduction for 2021 rounded to the nearest dollar
The cost recovery deduction is $10768.80
The amount of a deduction permitted for tax purposes due to the use of assets in operational activities or used to generate income is known as a cost recovery deduction. A cost recovery method is a depreciation, depletion, or amortization.
The cost recovery deduction for 2015 is $10,768.80.
The office building is a non-residential property, and thus the recovery period is 39 years. Further, the cost recovery rate for the property having a recovery period of 39 years is 2.564%.
Calculating the cost recovery deduction:
Cost recovery deduction = (Purchase price - cost)*Cost recovery deduction
= (450000-30000)*2.564%
= $10768.80
Learn more about cost recovery deduction:
https://brainly.com/question/28384742
#SPJ4
question content area a check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance. true false
In order for the bank reconciliation to balance, you must add $90 to the bank statement balance - True
A bank statement is a document that is delivered by a bank at the end of the month, detailing the balance of our accounts as well as any transactions that have occurred. Usually, the bank automatically withholds and processes the fees from the bank account. Therefore, any costs deducted from the account must be recorded by creating a journal entry when creating a bank reconciliation statement.
In the bank reconciliation statement, Interest earned is another factor that needs to be adjusted. In the example, the bank mistakenly charged $342 as $432, so the balance will be corrected by adding $90 to ensure that the final accounts are accurate.
Read more about bank reconciliation on:
https://brainly.com/question/15702282
#SPJ4
