The general fund of Gilbert should report its share of the sales taxes that will be received in July 20x4 as deferred inflows of resources on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20x4.
Deferred inflows of resources are resources that are received but not yet earned, and they are reported as a liability on the financial statements until they are earned. In this case, the sales taxes that will be received in July 20x4 are not yet earned as of June 30, 20x4, and therefore should be reported as deferred inflows of resources.
Once the sales taxes are earned, they can be recognized as revenue in the period in which they are earned. Therefore, in the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20x4, the general fund of Gilbert should not report the sales taxes as revenue, as they have not yet been earned. Instead, they should be reported as deferred inflows of resources until they are earned in the future period.
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environmental damage from industry or land development has traditionally been labeled as ________ by economists.
Economists have historically classified environmental harm caused by industry or land development as an external cost.
What environmental harms are some examples of?A number of human actions, such as deforestation, pollution, overcrowding, and the burning of fossil fuels, have a negative impact on the physical environment. Changes like this have worsened climate change, land erosion, poor air quality, and unusable water.
What expenses are involved in transactions that have the potential to harm the environment, human health, or property?What expenses are involved in transactions that can harm the environment, people, or property? External expenses, which can harm the environment, people's health, and property, are paid for by parties not involved in the direct transaction.
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Which theory asserts that countries should simultaneously encourage exports and discourage imports?
(a)free trade
(b)capitalism
(c)new trade
(d)mercantilism
(e)socialism
a central corporate entity that controls the operations of multiple companies by holding the majority of stock for each enterprise is known as
A central corporate entity that controls the operations of multiple companies by holding the majority of stock for each enterprise is known as "Holding Company." An umbrella or parent company is another name for a holding corporation.
What is Holding Company?
Holding Company is a central corporate entity that controls the operations of multiple companies by holding the majority of stock for each enterprise. A holding company often doesn't manufacture any goods, sell any goods or services, or engage in any other business activities. Instead, holding companies own the majority of the stock in other businesses.
Loss protection is advantageous to holding corporations. Additionally, holding companies are also rather simple to set up or modify. This makes it simple to benefit from regional disparities in taxes policies. Last, holding companies assist their subsidiaries by reducing the cost of operating capital by utilizing their resources.
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you are looking at projected profitability of different investments. assuming all outcomes are normally distributed, the mean return is a good measure of expected return. true or false
True. Assuming all outcomes are normally distributed, the mean return is a good measure of expected return.
The average of all potential outcomes is used to compute the mean return, sometimes referred to as the anticipated return. The mean return serves as the distribution's centre and most probable result in a normal distribution. Therefore, the mean return may be seen as a decent indication of the expected return, supposing that all outcomes are regularly distributed.
It's crucial to remember that actual investment results are rarely normally distributed and that there may be large departures from the mean return. In certain circumstances, additional metrics like the mean, median, or value at risk may offer a more precise estimate of projected return. When assessing the predicted return of an investment, additional elements like investment risk and volatility should also be taken into consideration.
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what is term describes business processes that have been transformed to move bits rather than molecules.
The term "digital transformation" refers to corporate processes that have been altered to transport bits rather than molecules.
What is digital transformation?The integration of digital technology into all parts of a business results in profound changes in how the business functions and provides value to customers. It entails utilising digital tools and procedures to optimise operations, automate workflows, improve customer experiences, and develop new business models and revenue sources. As technology continues to improve and disrupt established business models, digital transformation has become an essential component of modern business strategy. To stay ahead of the competition, firms must embrace innovation and be willing to take calculated risks. This takes a company-wide effort incorporating changes to culture, processes, and technology. The ultimate goal of digital transformation is to make a business more efficient, agile, and customer centric.
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managers at the tycho manufacturing are engaged in a complex process of revising their organization's mission and goals and developing corporate strategy, marketing objectives, marketing strategy, and eventually a marketing plan. this process is called a. business-unit planning. b. strategic planning. c. marketing strategy. d. corporate strategy. e. strategic business planning.
The answer is option B strategic planning.
What is strategic planning?
The ability to create thorough business plans, implement them, and evaluate the results in light of a company's broad long-term goals or aspirations is known as strategic planning. It is a philosophy that focuses on integrating several business departments, including marketing, accounting and finance, and human resources, to accomplish a company's strategic goals. Strategic planning and management share many key principles.
In business, the concept of strategic planning first gained traction in the 1950s and 1960s and persisted until the 1980s before starting to diminish. Strategic business planning, however, regained popularity in the 1990s and continues to be useful in modern business.
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slapshot company makes ice hockey sticks. during the month of june, the company purchased $132,000 of materials. also during the month of june, slapshot company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. inventory information is as follows: june 1 june 30 materials $48,000 $45,000 work in process 65,000 63,000 required: 1. calculate the cost of goods manufactured for the month of june.
So, the ending work-in-process inventory for the month of June is $522,000.
To calculate the cost of goods manufactured (COGM) for the month of June, we need to add up the total costs incurred for materials, direct labor, and manufacturing overhead, and then subtract the beginning work-in-process inventory.
The formula for COGM is as follows:
COGM = Materials + Direct Labor + Manufacturing Overhead - Beginning Work-in-Process Inventory
Using this formula, we can calculate the COGM for June as follows:
COGM = $132,000 + $113,000 + $187,000 - $65,000
= $457,000
So, the cost of goods manufactured for the month of June is $457,000.
Next, we can calculate the ending work-in-process inventory by adding the cost of goods manufactured to the beginning work-in-process inventory:
Ending Work-in-Process Inventory = Beginning Work-in-Process Inventory + COGM = $65,000 + $457,000
= $522,000
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a commercial bank buys a $20,000 government security from a securities dealer. the bank pays the dealer by increasing the dealer's checkable deposit balance by $20,000. the money supply has
A commercial bank buys a $20,000 government security from a securities dealer. The bank pays the dealer by increasing the dealers checkable deposit balance by $20,000. The money supply has increased by $20,000. The correct answer is A.
The money supply has increased by $20,000 because when the commercial bank buys the government security, it increases the securities dealer's checkable deposit balance.
This increase in the checkable deposit balance results in an increase in the money supply as checkable deposits are considered part of the M1 measure of the money supply, which is the most liquid measure and includes currency in circulation, checkable deposits, and travelers' checks.
This transaction increases the checkable deposit balance and therefore the M1 money supply. The reserve ratio, which is the percentage of deposits that banks are required to hold in reserve, does not affect the change in the money supply in this scenario.
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Your question seems incomplete, but I suppose the question was:
"A commercial bank buys a $20,000 government security from a securities dealer. The bank pays the dealer by increasing the dealers checkable deposit balance by $20,000. The money supply has
A. increased by $20,000
B. decreased by $20,000
C. not been affected
D. increased by $20,000 multiplied by the reserve ratio."
first and foremost, the public relations practitioner is group of answer choices a professional communicator. respected management. a supervisor who depends on e-mail to communicate. trusted adviser.
First and foremost, the public relations practitioner is A: professional communicator.
Public relations practitioners are individuals who work to build and maintain a positive image and reputation for their organization. As professional communicators, they play a crucial role in shaping the public's perception of their organization and managing its relationship with various stakeholders. This can involve developing and implementing communications strategies, responding to media inquiries, and managing crisis situations. The goal of public relations is to build and maintain trust, credibility, and good relationships between an organization and its stakeholders.
Effective public relations practitioners must have strong communication skills, be able to think critically and strategically, and be able to navigate complex relationships and situations.
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ben just launched an app for his pizza-delivery business. which three in-app actions are most applicable for ben's business? (choose three.)
Ben's business could include features for loyalty programs, personalized recommendations, and customer feedback.
In general, three in-app actions that could be applicable for a pizza-delivery business are:
Ordering pizza: The app should allow customers to easily place an order for pizza and any other items on the menu.
Tracking order: The app should have a feature that enables customers to track the status of their order, including the estimated delivery time.
Payment: The app should have a secure and user-friendly payment system that allows customers to easily pay for their orders.
Other potential in-app actions that may be relevant for Ben's business could include features for loyalty programs, personalized recommendations, and customer feedback.
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what is an example of a biological hazard an employee who didn't wash their hands a box of poison rat food that is being stored right next to food a bottle that feel and broke scattering glass shards everywhere
The statement which illustrates the example of a biological hazard is an employee who didn't wash their hands. So option a. is correct.
A biological hazard may be illustrated as organic substances that especially pose a hazard or have harsh effects on the health of humans and different living organisms. Biological hazards commonly include pathogenic microorganisms like viruses, toxins, spores, fungi, and bioactive essences. According to the context of this question, when a person is not washing their hands, multiple microbes can remain within the hands. These microorganisms are competent in boosting varied intermediate to severe diseases in organisms.
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suppose that the percentage change in demand is 10%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 3.33%. what is the price elasticity of demand? select one: a. 0 b. 1 c. 2 d. 3
The price elasticity of demand is b)1 which is calculated by using the price elasticity formula.
To calculate the price elasticity of demand, we must use the formula:
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
In this case, the percentage change in demand is 10%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 3.33%. Plugging these values into the equation, we get:
Price elasticity of demand = 10% / 3.33% = 3
However, because the price elasticity of supply is equal to 2, the price elasticity of demand must also be equal to 2 in order for the market to reach equilibrium. Therefore, the price elasticity of demand is 1.
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select the account classification that matches with the description.items financial statements a. the change in retained earnings due to net income and dividends. b. amount of cash received from borrowing money from a local bank. c. revenue from sales to customers during the year. d. total amounts owed to workers at the end of the year.
The account classification under revenues includes sales of products or services, stockholders' equity includes owners claiming resources, and dividends include distributions to stockholders.
Assets, liabilities, stockholders' equity, dividends, income, and expenses are all types of accounts. The selling of goods or services generates income for the company. According to the accrual approach, revenue is only recorded until a business has fulfilled its duty to provide customers with goods or services by doing so. To determine the company's profitability or bottom line, expenses are subtracted from sale revenue. The account classification can be done as follows:
Revenues- Sales of products or services Stockholders quity- Owners claims to resources Dividends- Distributions to stockholdersExpenses- Costs of selling products or services.Assets- Resources of a companyLiabilities- Amounts owed.Indicate for each transaction whether the account would be categorized as a revenue or expense in the income statement, an asset, liability, or stockholders' equity in the balance sheet, or as a dividend in the statement of stockholders' equity.
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Correct question is:
Select the account classification that matches with the description.
Classifications: Assets, Dividends, Expenses, Liabilities, Revenues, and Stockholders' equity
Descriptions:
- Sales of products or services
- Owners claims to resources
- Distributions to stockholders
- Costs of selling products or services
- Resources of a company
- Amounts owed
what is the definition of a bond's time to maturity? multiple choice question. it is the number of years the corporation is expected to be in existence it is the number of years until the bond is sold by the bondholder it is the number of years until the face value is due to be repaid. it the period of time that has elapsed since the bond was issued
A bond's time to maturity is the number of years until the face value is paid off.
What is the time to maturity?
The duration until a bond matures determines how long the owner will continue to receive interest payments on their investment. The principal is reimbursed when the bond matures. Depending on how long they will take to mature, bonds can be divided into three general categories: short-term (one to three years), intermediate-term (four to ten years), and long-term (ten to thirty years). In general, the bond's interest rate will be greater and its price on the secondary bond market will be less volatile the closer it approaches maturity.
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a large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $4 each, but only 3,650 per month for $9 each. what is the linear demand function for your tie-dye shower curtains?
The linear demand function for your tie-dye shower curtains
D(p)= 3920 - 30p
where p = price.
We want to create a function D() such that D(4) = 3800 and D(9) = 3650. The basic formula will be that of a line in slope-intercept form. Picking a line since we've only been given 2 data points and 2 points define a line and because we've been asked for a "linear demand function". The basic form for a line in slope intercept form is:
y = ax + b
where,
a = slope
b = y-intercept
Let's calculate the slope which is the difference in y divided by the difference in x, so
(3650 - 3800)/(9-4) = -300/5 = -30
So the equation so far is:
y = -30x + b
Now to calculate b. To do so, just substitute a known x and y pair. So
y = -30x + b
3800 = -30*4 + b
3800 = -120 + b
3920 = b
And we have the equation:
y = -30x + 3920
So in conclusion, the demand function is D(p) = 3920 - 30p
where p = price.
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list four behavioral factors that could be used to classify a worker as either an employee or an independent contractor and provide a brief example.
The four behavioral factors that could be used to classify a worker as either an employee or an independent contractor are Behavioral control, Financial control, Type of relationship, Skill level.
Behavioral control: The level of control the employer has over the worker's behavior and how the work is performed. For example, an employee is provided with detailed instructions, tools and equipment, while an independent contractor uses their own methods and tools to perform the work.Financial control: The level of control the employer has over the financial aspects of the worker's job. For example, an employee may receive a salary, benefits and expenses, while an independent contractor is responsible for their own expenses.Type of relationship: The type of relationship between the employer and worker, including the duration of the relationship and the level of commitment. For example, an employee has a long-term relationship with the employer, while an independent contractor has a project-based relationship.Skill level: The level of skill and expertise required to perform the job. For example, an employee may be trained to perform specific tasks, while an independent contractor has a high level of expertise in their field.To learn more about independent contractor please click on below link.
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bolivia produces 100 laptops and 20 cars. germany produces 150 laptops and 50 cars. what country should focus on car production?
While 20 automobiles and 100 laptops are both produced in Bolivia. 150 laptops and 50 vehicles are made in Germany. More automobile production is required in Bolivia.
When nations focus on securing their competitive advantages?Countries with a comparative advantage specialize in producing the items for which they have the lowest opportunity costs, which boosts productivity. For instance, go back to The two nations are A and B.
What kind of nation best exemplifies comparative advantage?Ireland, for instance, benefits from a favorable climate and a big quantity of land suited for dairy cows when it comes to cheese and butter. China has a labor surplus, which gives them a comparative edge in the electronics industry.
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Which of these feature debt securities or instruments with maturities of one year or less? None of these are correct. Primary Markets Over the Counter Markets Money Markets Secondary Markets
Money Markets are financial markets that deal with debt securities or instruments with maturities of one year or less.
Why are money markets considered safe investments?Money markets are considered safe investments because the underlying securities are issued by highly rated entities and have a low risk of default. Additionally, money market investments are often insured by the Federal Deposit Insurance Corporation (FDIC) in the US, providing added security for investors.
What role do money markets play in the overall financial system?Money markets play an important role in the financial system by providing short-term funding to banks, corporations, and other entities. They also help to ensure stability in the financial system by providing a low-risk investment option for individuals and businesses looking to park their cash for a short period.
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how did the industrial revolution affect economic relationships among nations?
The Industrial Revolution had a profound effect on the economic relations between nations. Some of the ways this relationship affects include:
Expansion of trade: The growth of manufacturing and the emergence of new industries led to an increase in international trade and the exchange of goods and services between countries.Creation of new markets: The expansion of trade creates new markets for goods, which allows countries to specialize in the production of certain products and increases their economic competitiveness.Rise of colonialism: The Industrial Revolution also led to the expansion of European colonial empires as countries sought new markets and sources of raw materials.Changes in labor patterns: The Industrial Revolution brought about significant changes in the way work was organized and performed, leading to new forms of labor exploitation and growth of the wage workforce.Development of financial systems: The growth in international trade and investment led to the development of new financial systems, such as banks and stock exchanges, which allowed cross-border capital flows.Overall, the Industrial Revolution changed economic relations between countries, leading to increased globalization and the establishment of new economic systems and patterns of trade and investment.
The Industrial Revolution was a period of rapid economic and social change that occurred between the late 18th and early 19th centuries. It is characterized by a shift from manual labour-intensive production methods to machine-based manufacturing processes and the widespread use of new technologies and innovations.
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when consumers have problems with a web site, they use dimensions to evaluate e-service quality. a. tangibility, efficiency and fulfillment b. responsiveness, compensation and contact c. empathy, efficiency and expectations d. reliability, privacy and assurance e. efficiency, fulfillment, reliability and privacy
E: "Efficiency, fulfillment, reliability and privacy" are dimensions used to evaluate e-service quality when consumers have problems with a website.
E-service quality refers to the perception of consumers regarding the quality of services provided by a website. When consumers have problems with a website, they use specific dimensions to evaluate the e-service quality. The dimensions commonly used are efficiency, fulfillment, reliability, and privacy.
Efficiency refers to the speed and ease with which a website's services are delivered. Fulfillment refers to whether the website meets the customer's expectations and requirements. Reliability refers to the consistency and accuracy of the website's services.Privacy refers to the security and confidentiality of the customer's personal and financial information.These dimensions provide a framework for evaluating the e-service quality and help websites identify areas for improvement.
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1.In the United States, which of these financial institutions arrange most primary market transactions for businesses?a. Asset transformerb. Direct transfer agentsc. Investment banksd. Over-the-counter agents
In challenging corporate transactions like mergers and acquisitions, an organisation of finance known as an investment bank acts as a mediator.
What kinds of deals are made in the market?An example of a market transaction for a company,Transactional marketing includes things like a shopping channel on TV advertising a BOGO deal for a new product and providing a phone number or website to buy the product right now.
What precisely do market trades entail?An exchange of goods, services, information, money, or any combination of these to a third party is referred to as a market transaction. A market is a gathering place for buyers and sellers to transact business. A transaction often needs the involvement of two parties.
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in 2013, a local dairy queen had $538,000 in sales. in 2014, dairy queen's sales were up 39%. what were dairy queen's sales in 2014?
Sales for Dairy Queen totaled $743,620 in 2014. $538,000 plus ($538,000 * 39%) is $538,000 plus $209,620, which adds out to $747,620. However, Dairy Queen is a well-known company sales
The term "sales" describes the procedure of locating new clients and enticing them to make purchases. Understanding the requirements of the client, providing solutions, and forming trusting connections are all important components of effective sales methods. The ultimate purpose of sales is to boost a company's revenue and growth. Sales can occur through a variety of channels, including face-to-face interactions, telephone calls, internet transactions, and a mix of these. A good sales staff should be able to effectively communicate, handle objections, and have a thorough grasp of the good or service they are selling. Sales are becoming more data-driven in the digital era, with a focus on employing technology to track consumer behaviour and increase conversions.
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miller corporation has gross income of $95,000, which includes $40,000 of dividends from a 10%-owned corporation. in addition, miller has $80,000 of expenses. miller's taxable income or loss is
The correct option is D. Miller's taxable income or loss is $8,000.
The dividends received of deduction of 70% of the dividends received is not limited, since using the entire $28000 amount will produce or not
Other income =$60,000
Plus dividends= $40,000
Gross income= $100,000
Minus expenses= of $80,000
Taxable income before DRD=$20,000
Minus: DRD(0.7*40000)-20000= 28000-20000= $8,000.
A corporation is a business entity this is owned by its shareholder(s), who pick a board of directors to supervise the organization's activities. The enterprise is answerable for the movements and price range of the commercial enterprise – the shareholders are not.
An agency is a company—typically a set of humans or a business enterprise—legal via the country to act as an unmarried entity and recognized as such in law for positive functions. Early integrated entities have been established by means of charters. most jurisdictions now allow the creation of recent organizations through registration. An enterprise having a separate legal entity, i.e. an identification wonderful from its owners, is called an organization or an employer in India. Any corporation can sue or be sued in its personal name.
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Complete Question:
Miller Corporation has a gross income of $100,000, which includes $40,000 of dividends from a 10%-owned corporation. In addition, Miller has $80,000 in expenses. Miller's taxable income or loss is
A) $20,000.
B) $6,000.
C) $0.
D) ($8,000).
firm c's common stock has a par value per share of $10, earnings per share of $6, dividends per share of $5, a book value per share of $69, and a market value per share of $80. what is firm c's dividend payout ratio (rounded to one decimal)?
Firm C is paying out 83% of its earnings as dividends to shareholders.
The dividend payout ratio is a financial metric that measures the proportion of a company's earnings that is distributed to shareholders as dividends. It is calculated as the dividends per share (DPS) divided by the earnings per share (EPS) and is typically expressed as a percentage.
The dividend payout ratio can be calculated by dividing the dividends per share by the earnings per share. Here, the dividend payout ratio for Firm C is given by -
$5 / $6 = 0.83 or 83%
Hence, the dividend payout ratio for Firm C is 83%.
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why do you need to sit down with sara and explain to her how the mortgage market works? after all, she just wants to buy a home, not enter into a financial degree program.
She only wants to buy a house; she has no real interest in enrolling in a financial degree program. If Sara has a solid grasp of the home financing industry, she will be able to choose the best loan with the lowest costs.
Which mortgage product has the lowest interest rates?On VA loans, the lowest interest rates are usually found. However, the VA program is only open to qualifying service members and veterans. For buyers who are not eligible for a VA loan and have strong credit, a conventional loan will typically have the lowest rates.
What factors affect the price of homes?The cost of a home is influenced by a wide range of factors, which we may roughly categorize into supply-side and demand-side factors. Demand factors include things like population, real income levels, and the requirement for space.
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When voting mechanisms substitute for the market mechanism in allocating resources, we are relying on______.
When voting mechanisms substitute for the market mechanism in allocating resources, we are relying on Ballot box economics.
when there is unusually high unemployment in the economy?A recession, also known as a contraction, is indeed a period of slowing down the economy that is frequently characterized by high unemployment rates, falling stock prices, decreasing company profitability, and jittery customers.
What allocates commodities and services using both market & nonmarket signals?economies that distribute resources and goods based on both economic and non-market signals.This combines the functionality of the previous two systems.Today's countries tend to have diversified economies.
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do your suggestions fall mostly into the accounting, shareholder, or economic point of view on competitive advantage?
Regarding competitive advantage, there are several different approaches that can be taken, including accounting, shareholder, and economic perspectives, among others. Each perspective has its own set of assumptions and methods for evaluating and measuring competitive advantage.
In general, accounting perspective on competitive advantage focuses on the financial performance of a company, shareholder perspective considers how a company's actions can benefit its shareholders, and economic perspective looks at how a company can achieve and maintain a competitive edge in the marketplace.
Depending on the specific question or topic being discussed, any of these perspectives could be relevant, and my responses would be tailored accordingly.
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Regarding competitive advantage, there are several different approaches that can be taken, including accounting, shareholder, and economic perspectives, among others.
Each perspective has its own set of assumptions and methods for evaluating and measuring competitive advantage.
In general, accounting perspective on competitive advantage focuses on the financial performance of a company, shareholder perspective considers how a company's actions can benefit its shareholders, and economic perspective looks at how a company can achieve and maintain a competitive edge in the marketplace.
Depending on the specific question or topic being discussed, any of these perspectives could be relevant, and my responses would be tailored accordingly.
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which business financial statement is used primarily to look at how a company has been doing over time and predict how it might do in the near future?
The primary business financial statement used to look at a company's performance over time and predict its future performance is the Balance Sheet.
The Balance Sheet provides a snapshot of a company's financial position at a specific point in time. It lists the company's assets, liabilities, and shareholder equity. By analyzing changes in these categories over time, an analyst can gain insight into a company's financial performance, including its profitability, solvency, and liquidity. This information can be used to predict future performance and identify trends that may impact the company's success.
It is important to note that the Balance Sheet should be considered in conjunction with other financial statements, such as the Income Statement and Cash Flow Statement, to gain a complete picture of a company's financial performance and future prospects.
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What is gained when people engage in specialization and trade?
Answer:
greater economic efficiency
Explanation:
because customer's benefit
sammy's shovels had sales of $120,490 in 2021. the cost of goods sold was $31,030, operating expenses (excluding depreciation) were $17,170, interest expenses were $2,700, depreciation expense was $8,260, and dividends paid were $3,360. the firm's tax rate is 28 percent. what did sammy's shovels report as net income (or, net profit) in 2021?
We must deduct all expenditures from sales to determine net income. Net income is calculated as sales less cost of goods sold, operating costs, interest costs, depreciation costs, and taxes.Calculating the
A company's or a person's net income is the entire amount of money earned after subtracting all costs, taxes, and other charges from their gross income. It is also referred to as the bottom line, net profit, and net earnings. Net income is a crucial financial indicator since it shows the true profitability of a company or an individual and aids in financial decision-making. It serves as a baseline for comparison with other businesses in the same sector as well as a way to assess a company's success or failure. The amount of the dividend paid to shareholders and the bonus given to workers are both influenced by the net income.
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