The advantages of using the allowance method to account for bad debts includes:
B. Matches expenses with related salesC. Reports accounts receivable balance at net realizable value.What is the allowance method for bad debts?In accounting, the allowance method is a method that involves setting aside a reserve for the bad debts that are expected in the future; the reserve here is based on a percentage of the sales generated in a reporting period which are possibly adjusted for the risk associated with certain customers.
In other word, its matches the estimated expenses or losses from uncollectible accounts receivables against the sales.
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When merchandise sold is assumed to be in the order in which the purchases were made, the company is using.
When merchandise sold is assumed to be in the order in which the purchases were made the company is using first in, first out (FIFO).
Assuming that the goods sold are sold in the order in which they are spent, the inventory calculation method is called first in, first out. LIFO is an inventory costing method that assigns final costs to manufacture costs.
FIFO Inventory Management attempts to value inventory so that your business is less likely to suffer losses when products expire or become obsolete. LIFO inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold. Freight costs required to transport inventory to the purchaser's place of business are incurred at the time of sale.
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a firm's___are costs that are incurred even if there is no output. in the short run, these costs ____as production increases.
a firm's costs that are incurred even if there is no output. in the short run, these costs are variable costs. as production increases.
Upward production means a boom in manufacturing if there's a shortage of electricity in the marketplace, and downward production manner a lower in manufacturing in case of extra production within the marketplace. In truth, stochastic producers catch up on deviations from agreement manufacturing with the aid of getting access to the equilibrium segment.
An instance of manufacturing is the manufacturing of motors. automobiles are made by using assembling components collectively. as example, rubber tires are added to metallic our bodies to make
The four factors of manufacturing are land, hard work, capital, and entrepreneurship. those elements have an effect on financial growth, innovation, and client behavior. In a capitalistic economy, income is the point of interest whilst choosing which factors of manufacturing are maximum crucial to an entrepreneur.
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For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i= interest rate, and n number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount. Present Value Annuity Amount n = 1. 4,400 8% 5 2. 321,785 95,000 4 90,000 3. 639,302 10% 100,902 4. 620,000 10 190,000 5. 10% 4 LO
Present Value = [tex]$5.74[/tex], i = [tex]3[/tex]%,n = 5 , i = 6%, Annuity amount = [tex]$72,558[/tex]
we know that
Present value = Annuity amount × Discount factor at i% for n years
1) Present value = 1. 4,400 × Discount factor at 8% for 5 years
from the annuity table [tex]( n = 5, i =8% :- 3.99271)[/tex]
Present Value =[tex]1. 4,400 × 3.99271 = $5.74[/tex]
2)[tex]321,785 = 95,000[/tex] × Discount factor at i% for 4 years
Discount factor at i% for 4 years = [tex]321,785 / 95,000[/tex]
Discount factor at i% for 4 years = [tex]3.387[/tex]
Check Present value annuity table in period 4 row for 3.387
i = [tex]3[/tex]%
3) [tex]639,302 = 100,902[/tex] × Discount factor at 10% for n years
Discount factor at 10% for n years =[tex]639,302 / 100,902[/tex]
Discount factor at 10% for n years =[tex]6.33[/tex]
Check Present value annuity table in 10% column for [tex]3.88965[/tex]
n = 6%
4) 620,000 = 190,000 × Discount factor at i% for 10 years
Discount factor at i% for 10 years =[tex]540,000 / 78,557[/tex]
Discount factor at i% for 10 years = [tex]6.8739895[/tex]
Check Present value annuity table in period 10 row for 6.8739895
i = 4%
5)[tex]230,000[/tex] = Annuity amount × Discount factor at 10% for 4 years
from the annuity table[tex]( n = 4, i =10% :- 3.169865)[/tex]
[tex]230,000[/tex] = Annuity amount ×[tex]3.169865[/tex]
Annuity amount = [tex]230,000 / 3.169865 = $72,558[/tex]
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when converting from fund financial statements to government-wide statements, it is necessary to eliminate transfers that are between the categories of governmental activities and business-type activities.
It is completely inappropriate and factually incorrect to mention that conversion from fund financial statements to government-wide statements, it is necessary to eliminate transfers that are between the categories of the activities held by the governments, and the activities carried by the business. Therefore, the statement given above is false.
Business activities can be referred to or considered as the activities that are directed towards the operations of the business as a regular course of its operations. These activities are generated towards the generation of revenues, and also ensure sustainability of the organization for a prolonged period of time.
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Complete question.
TRUE/FALSE when converting from fund financial statements to government-wide statements, it is necessary to eliminate transfers that are between the categories of governmental activities and business-type activities.
How do bonds work as an investment?.
When they need to raise money, governments and businesses issue bonds.
If you purchase a bond, you can just wait for the bond to mature—the day the issuer has pledged to repay the bond's face value—while collecting the interest payments.
On the secondary market, however, you can also purchase and sell bonds. Bonds' value will fluctuate after they are first issued, just like a stock would. The changes won't affect your interest payments or face value if you hold the bond until it matures.
However, if you purchase and sell bonds, you should be aware that the price you pay or receive will no longer be the bond's face value. When choosing your bonds, it's crucial to take into account how susceptible the bond is to value changes.
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as a firm progresses through the introduction life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet?
As a firm progresses through the introduction life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet Issued equity.
A Flexible Spending Account (FSA, additionally referred to as a “bendy spending arrangement”) is a unique account you spend money on which you use to pay for sure out-of-pocket fitness care costs. You do not pay taxes in this cash.
This manner you may keep a quantity identical to the taxes you'll have paid at the cash you place aside. A stability sheet is a monetary declaration that reviews a company's assets, liabilities, and shareholder equity. The stability sheet is one of the 3 center monetary statements which are used to assess a business. It presents a image of a company's finances (what it owns and owes) as of the date of publication.
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tomato company signs a 12-year franchise agreement with burger blast. burger blast retained significant powers, rights, and a continuing interest. tomato (the franchisee) makes noncontingent payments of $15,000 per year for the first five years of the franchise. tomato company also pays a contingent fee of 2% of gross sales every month. which of the following statements is true?
The monthly contingent charge may be subtracted by Tomato Company as it is paid.
A technique known as contingent charging pays financial advisors after the transfer of a client's defined benefit pension. It serves as an alternative to up-front fees for pension advice, which might run into the hundreds of pounds.
The Financial Conduct Authority proposed banning contingent charging, a contentious pensions advisory model in which financial advisors are only compensated if a pension transfer is successful, effective July 30, 2019. The ban on contingent charging was approved after a protracted consultation process, and it went into effect on October 1, 2020.
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why do you think international trade volume has increased over time? in general, how are inefficient firms affected by the reduction in trade restrictions among countries and the continuous increase in international trade?
International trade volume has increased because of the reduction in trade restrictions over time.
Give an example of trading.Assume that Liam and Henry are the only two people present. Henry has food but needs wool, in contrast to Liam who has wool but needs food. To please both of them, Liam and Henry will trade food for wool in order for Liam to get food and Henry to get wool. The pinnacle of trading is this.
The importance of Trade?Trade is essential for preserving a competitive global economy because it promotes innovation and market specialization while also lowering product prices across borders. Another advantage of being able to trade is having access to goods and services that may be more affordable and higher quality than their domestic competitors.
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western company begins the year with $50,000 of inventory on hand. during 2018, western purchases additional inventory for $100,000 cash. sales for the year, all on account, totaled $70,000 and the cost of the inventory sold was $40,000. assuming western uses a perpetual inventory system, the journal entry to record the purchase of inventory during the year includes which of the following? (select all that apply.) multiple select question. credit cash $100,000
Debit $40,000 from cost of goods sold.
Explanation:
Similar to how we have inventory specifics:
Opening Inventory Value: $50,000
Amount Spent = $100,000
Therefore, the entire inventory is $150,000.
We will have the remaining inventory on hand at closing, which is $110,000.
Cost of goods sold is calculated as follows: Total inventory - Closing ($150,000 - $110,000 = $40,000);
The cost of the goods sold must be deducted because it is an expense.
At Hand The amount physically present in the warehouse of an eCommerce or digi-physical business is known as inventory. When applied to a specific product or item, this might be used to compare the marketability of various products and determine average days in inventory: the lower the average number of days in inventory, the more market-friendly a product would actually be.
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january 15 purchased and paid for merchandise. the invoice amount was $16,100; assume a perpetual inventory system. april 1 borrowed $722,000 from summit bank for general use; signed a 10-month, 11% annual interest-bearing note for the money. june 14 received a $23,000 customer deposit for services to be performed in the future. july 15 performed $4,050 of the services paid for on june 14. december 12 received electric bill for $25,860. vigeland plans to pay the bill in early january. december 31 determined wages of $16,000 were earned but not yet paid on december 31 (disregard payroll taxes).
The recording of the journal entries keeps track of all financial transactions in time order. These journal entries utilize a double-entry bookkeeping method to give each business transaction a dual impact.
What is meant by journal entry?All company transactions are documented in journal entries. Any financial activity that has an effect on the firm is a transaction, in the broadest sense. They encompass every transaction involving the exchange of money, including interest payments, depreciation, costs, and wages. They are not just restricted to the purchasing and selling of products and services.General journal entries are not processed automatically as invoices or cash receipts are handled; rather, they are entered manually into the general ledger. A depreciation expenditure entry is an illustration: Number of reference: 9902. Date: 12/31/20.Business transactions are initially entered in a journal in manual accounting or bookkeeping systems, thus the name journal entry.Journal Entries
Date Description DR CR
Jan 15 Merchandising Inventory $16,100
Cash $16,100
( To record of inventory purchase)
April 1 Cash $722,000
11% Note payable $722,000
( To record of note payable issued )
June 14 Bank $23,000
Unearned Income $23,000
( To record of deposit received )
July 15 Unearned Income $4050
Service Revenue $2,850
(To record payment for the services rendered)
Dec 12 Electricity bill payable $25,860
Electricity bill expenses $25,860
( To record unsettled bill for the year )
Dec 31 Wages payable $16,000
Wages Expenses $16,000
( To record outstanding wages payable)
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If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold currency, then when the Fed sells $20 million worth of government bonds, bank reserves
decrease by $20 million and the money supply eventually decreases by $100 million.
increase by $20 million and the money supply eventually increases by $400 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
increase by $20 million and the money supply eventually increases by $100 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
The correct option is: decrease by $20 million and the money supply eventually decreases by $400 million.; if the reserve ratio is 5 percent, banks do not hold excess reserves.
Define the term reserve ratio?The amount of reservable liabilities than commercial reserve requirement onto rather than lend off and invest is known as the reserve ratio.
The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion. It is often referred to as the ratio of cash reserves.
The amount of money that banks are required to hold with the Reserve Bank of India as a percentage of their Net Time and Demand Liabilities is known as the Cash Reserve Ratio (NDTL).
The goal of CRR is to guarantee the banks' solvency and liquidity.
Thus, if a reserve ratio is 5%, banks do not store extra reserves, and people must not hold currency, the money supply will eventually fall by $400 million and by $20 million.
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which of the following statements about service level is correct? question 7 options: it can be greater than one. it is something that should be minimized in retail. it is the probability of not stocking out. it is the probability of stocking out.
The following statements approximately carrier degree is correct: D- it's far the possibility of stocking out.
The required details for Probability in given paragraph
Probability is the department of mathematics regarding numerical descriptions of ways possibly an occasion is to occur, or how possibly it's far that a proposition is true. The possibility of an occasion is a number of among zero and 1, where, kind of speaking, zero suggests impossibility of the occasion and 1 suggests certainty. The better the possibility of an occasion, the much more likely it's far that the occasion will occur. A easy instance is the tossing of a fair (unbiased) coin. Since the coin is fair, the 2 consequences are each similarly probable; the possibility of "heads" equals the possibility of "tails"; and due to the fact that no different consequences are possible, the possibility of either "heads" or "tails" is 1/2. These ideas had been given an axiomatic mathematical formalization in possibility concept, that's used broadly in regions of study such as statistics, mathematics, science, finance, gambling, synthetic intelligence, device learning, pc science, recreation concept, and philosophy to, for instance, draw inferences approximately the predicted frequency of events.
Probability concept is likewise used to explain the underlying mechanics and regularities of complicated systems.
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52. Suppose that the government imposes a per-unit tax on the producers of a good that has a perfectly inelastic demand. After the tax, the price and quantity of the good sold would change in which of the following ways? Price Quantity (A) Increase Increase (B) Increase Decrease (C) Increase Not change (D) Not change Increase (E) Decrease Not change
Option B. Suppose that the government imposes a per-unit tax on the producers of a good that has a perfectly inelastic demand. After the tax, the price and quantity of the good sold would change by Increase Decrease.
What is a per unit tax?Per unit taxes, sometimes known as specific taxes, are levied at a set rate for each unit of an item or service sold, such as cents per kilogram. Therefore, regardless of the product's price, it is proportionate to the specific quantity sold of that commodity. For instance, excise taxes are included in this category of taxes.
The price of each gallon of gasoline sold must include an additional 10 cents in taxes, which are levied by the federal government on a per-unit basis.
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You earn $500 a month and currently have $200 in currency, $100 in your checking account, $2,000 in your savings account, $3,000 worth of illiquid assets, and $1,000 of debt.
a. How much money (M1) do you have?
b. What is your annual income?
c. How much wealth do you have?
a. You have $300 worth of M1 money
b. You have an annual income $6,000
c. You have a total wealth of $4,300
M1 money supply consists of circulating currency such as bills and coins in circulation, demand deposits such as checking account in banks, and traveler's check. In order to calculate the M1 money supply you will need to calculate it using the following formula:
M1 money = currency + demand deposit and other liquid deposit
M1 money = $200+$100
M1 money = $300
Therefore you have a total of $300 in terms of M1 money
Annual income is defined as a total income earned in a given year. To calculate annual income, you will need to multiply your monthly income by 12 months in a year
Annual income = Monthly income × 12 months
Annual income = $500×12
Annual income = $6,000
Therefore your annual income is $6,000
Wealth is defined as a measurement of total value of assets owned minus your liabilities. To calculate total wealth you will need to add all your assets including cash, money in bank accounts including savings, property, and investments deducted with your total liabilities such as debt. The formula is as follows:
Total wealth = Assets - liabilities
Total wealth = $200+$100+$2,000+$3,000-$1,000
Total wealth = $4,300
Therefore you have a total wealth of $4,300
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two firms, firm a and firm b, have identical cost curves, yet firm a operates in perfect competition and firm b operates in monopolistic competition. in the long run, what can we say about the price and output that each firm charges?
What type of people are risk takers?.
People such as entrepreneurs can be regarded as those who can be termed with the title of 'risk-takers'.
An entrepreneur can be referred to or considered as an individual who conducts a business operation in the regular course of actions, but in a way that is unique and effective for achievement of the personal or individual goals of a person.
Seeking higher returns for the risk is the identity of every entrepreneur, and thus, they are rightly termed as risk takers, because they like to take up problems as challenges, and derive a solution for the same.
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Suppose you invest $500 at an annual interest rate of 8. 2% compounded continuously. How much will you have in the account after 15 years?.
Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. the future value is $1,710.61 Option C
What is the Future Value?Generally, The worth of an asset on a certain date in the future is known as its future value.
It is the present value multiplied by the accumulation function, and it is used to calculate the nominal future sum of money that a given sum of money will be "worth" at a specific time in the future assuming a certain interest rate, or more generally, rate of return. This value is used to measure the "worth" of money in the future.
A=PV(1+r)^{n}
Therefore
A=500 e^{0.082 *15}
A =500 e^{1.23}
A= 1,710.61
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CQ
Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?
$1,671.74
$17,028.75
$1,710.61
$8,140.92
Answer:
c
Explanation:
I just took the quick check
the other answers are: 1.C 2.A 3.C 4.B 5.C
what describes the ability of an enterprise data center to revert to its former size after expanding?
Elasticity describes the ability of an enterprise data center to revert to its former size after expanding.
What does data center refers to?In order to store, process, and distribute data and applications, an organization's shared IT operations and hardware are centralized in a data center. Data centers are essential to the continuity of everyday operations because they store the most important and proprietary assets of a business. Nearly all of the enterprise's compute, data storage, network, and business applications are supported by data centers. The data center is the business to the extent that a modern organization runs its operations on computers. Like a personal computer but with more power, each server has a processor, storage, and memory.
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Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination. Remain the same increase decrease initially increase and then return to its original level.
Monopoly profit will decrease when a monopolist goes from a single-price monopoly to perfect price discrimination. Remain the same increase decrease initially increase and then return to its original level.
Discrimination is the act of making unjustified distinctions between human beings primarily based on the companies, training, or different classes to which they belong or are perceived to belong.[1] humans may be discriminated on the idea of race, gender, age, religion, incapacity, or sexual orientation, in addition to other classes.[2] Discrimination specifically occurs while people or agencies are unfairly dealt with in a manner which is worse than different human beings are dealt with, on the idea in their real or perceived club in sure corporations or social classes.[2][3] It entails limiting members of one organization from possibilities or privileges which might be to be had to individuals of another organization.
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an increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would:
A financial organization will earn the next credit rating by increasing its level of excess reserves. However, higher excess reserves additionally cause higher chance prices since the money or deposit control isn't endowed to get higher returns, particularly within the long haul.
Loans to banks, loans to alternative corporations, and direct quality purchases by the financial organization all increase the {amount} of reserves within the banking industry by precisely the amount Lent.
As delineated on top, a bank holding excess reserves in such a setting can ask to lend out those reserves at any positive rate of interest, and this extra disposal can decrease the short rate of interest.
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How does price discrimination move a market that is not perfectly competitive to an efficient output level?.
Price discrimination allows companies to sell at much higher production volumes. Therefore, it uses the previous capacity reservation. This allows the company to process production factors more efficiently. Improved performance allows companies to reduce average long-term costs and continue to generate higher profits.
What is price discrimination ?
Price discrimination is a sales strategy that charges customers different prices for the same product or service based on what the salesperson believes the customer can agree with. In pure price discrimination, sellers charge the highest price each customer will pay. In a more common form of price discrimination, sellers divide customers into groups based on certain attributes and charge different prices to each group.
Why is price discrimination used?
Companies engage in price discrimination to maximize profits. Because large markets typically include many types of consumers, price discrimination allows businesses to offer higher prices to wealthy consumers and lower prices to the most price-sensitive consumers.
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a retired couple can probably bear more risk in their portfolio than a young investor with a secure job. question 10 options: true false
The statement is False. A capitalist with HIGH-risk aversion (very risk-averse) can select a portfolio with a LOWER variance. A portfolio dominates another if it's a better expected come and lower variance.
We'll invariably like a portfolio that includes a HIGHER expected-to-come and LOWER variance. Risk is the likelihood that some unfavorable event can occur, and there's a trade-off between risk and come. The upper investment's risk, the upper the come needed to induce investors to get the quality.
Risk is any uncertainty with the relevancy of your investments that has the potential to negatively impact your money welfare. for instance, your investment worth would possibly rise or fall due to market conditions (market risk).
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Lee Robi developed an electronic lice comb that tells whether head lice are present by emitting an audible sign. Robi has mailed promotional flyers on the lice comb to all the school districts in the nation. He has also run ads in several different women's magazines. This describes the _____ strategy that Robi used.
Marketing mix
Promotional
Production
Customer value
Functional
Robi has mailed promotional flyers on the lice comb to all the school districts in the nation. He has also run ads in several different women's magazines. This describes the marketing mix strategy that Robi used.
Advertising is the method of exploring, growing, and turning in value to fulfill the desires of a goal market in terms of goods and offerings; probably consisting of the selection of a target market; choice advertising is nicely researched and centered and will deliver new and returning clients.
opinions of contemporary and former clients can identify areas for improvement. elevating logo recognition. permits for an extra non-public relationship between the commercial enterprise and the purchaser. multiplied marketplace percentage.
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7. vocabulary - bonds what does it mean? select the term associated with bonds that corresponds to each of the given descriptions. (hint: these are not necessarily complete definitions, but there is only one possible answer for each description.) description term this term is used to define the provision which allows the bond issuer to settle the payments towards the bond before the maturity. this term refers to a set of bonds that are issued at the same time but have different maturity dates and coupon rate. this is a bond provision that specifies the annual repayment schedule that will be used to service the bond and pay off the debt. this type of bond refers to municipal bonds that intend to make payments to its bondholders with the income generated from the project, for which the bond was issued. this term defines the number of shares of common stock that a bondholder will receive when they change their bonds into common stock security.
The term associated with bonds is option C: this is a bond provision that specifies the annual repayment schedule that will be used to service the bond and pay off the debt.
A corporate or governmental body may issue bonds to investors as a fixed obligation to pay. Bonds are a way to raise money for infrastructural or operational projects. Bonds are typically repaid as of the bond's maturity date and typically contain a periodic coupon payment. As a result, statement C is the best option.
A bond may have a number of additional features, such as being callable or convertible into the issuer's stock, before the time of maturity. If a bond is registered, the issuer will maintain a list of the bondholders. Then, in addition to the final principle payment, the issuer will make monthly interest payments to the investor of record.
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what does pro forma mean? right to invest in a follow on round in advance of actual data based on data right of refusal
pro forma: In Latin, the words "as a matter of" and "for the purpose of the form" are equivalent. It mostly refers to the formal presentation of information that assumes or anticipates bits of information that might not be available.
Basic pro forma statement templates are available online, or you can make your own by using a Microsoft Excel spreadsheet to populate and calculate the correct entries based on your inputs. Pro forma statements sometimes include some past data to assist account for what the predicted outcomes should look like, making them handy for tracking future financial direction and occurrences.
The "pro-data right" is the right to participate once more in subsequent rounds in order to keep your ownership. Let's use an illustration to make it more real. 1% of the company is yours if you invest $50,000 in a seed round with a $5 million cap. The following round is a $3 million round with $9 million in pre-round money and $12 million in post-round money. You will own 0.75% of the company after being diluted by 25% if you choose not to participate. On the other hand, if you spend $30k and purchase 1% of the round, you will keep your 1% ownership in the business. In this case, your "pro-rata right" is a $30k allocation in the following round.
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which of the following is not part of the expenditure approach to calculating gdp? business investments imports labor income exports
Intermediate goods and services, which are used in the production of ultimate items and services, are now not blanketed in the expenditure approach to GDP
due to the fact fees on intermediate goods and offerings are included in the market cost of charges made on closing goods and services.
What is now not protected in expenditure approach?Precautions Taken While Applying the Expenditure Method
The transfer repayments do not add value to the economy of a nation; hence, they ought to not be included. The buy of second-hand goods is now not covered on the grounds that they do no longer have an effect on the whole price of produced items and services.
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https://brainly.com/question/28603778#SPJ4a food delivery company has recently received many complaints that food has been cold when customers receive it. if they were following herbert simpsons four stage process, which of the following would occur during the implementation phase of solving the problem? more than one answer may be correct.
Administrative Behavior, one of Herbert Simon's best-known works, contains the earliest mention of the decision-making theory (1947).
What was Herbert Simpsons four stage process ?He claimed that timely decision-making was essential since doing so would help an organization achieve its goals. The idea can be broken down into two parts: the decision someone makes and the process or actions they take. In other words, carrying out a choice is just as crucial as making it.
A paradigm called the Simpson Decision Making Theory offers a more realistic perspective on the world, where choices have an impact on costs and outputs. Theorist claimed that choosing amongst several options is what it means to make a decision. It may even entail choose between taking action and staying still. as opposed to traditional thinkers.
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Please discuss a business that you would start with $100k. Outline the business idea, objectives and be specific on how you would spend the $100k. Be clear with your reasoning. If your business were to fail, what would be the biggest reason why? how would you mitigate that? please limit your response to 500 words or less
You have a lot of possibilities if you want to invest $100,000 and have that amount of money.
What are the best business I can start with 100k?So, if you're looking for the greatest approach to invest $100,000, here are five possibilities to think about.Considerably, joining a real estate syndication is the finest approach to invest $100,000.A group of investors who are interested in purchasing, enhancing, and reselling multi-family or commercial real estate properties together is known as a real estate syndication.A business real estate acquisition firm might, as an example, purchase an office building, renovate the spaces to increase the rent, and then sell the structure for a profit.For starting a small business in India, consider some of the following intriguing business concepts:repairs to vehicles. Tiffin service.the repair of electronics .A small business that involves blogging.one-on-one instruction.service for caring for pets.Mobile apps for education.Baking the cakeThere are five typical reasons why businesses fail.Lack of money or finance, the retention of a subpar management team, a flawed infrastructure or company model, and poor marketing campaigns are among the most frequent causes of small business failure.To learn more about business idea refer
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The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,445,400 $1,511,100 Beginning inventories 85,874 108,950 Cost of goods sold 722,700 839,500 Ending inventories 77,674 85,874 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory days days
Current year Previous year
Inventory turnover 8.8 8.6
Number of days sales in inventory 41.5 42.4
Inventory turnover ratio = Cost of goods sold / Average inventories
For current year:
Average inventory = ($85,874 + $77,674) / 2 = $81,774
= $722,700/ $81,774
=8.8 times
For previous year:
Average inventory = ($108,950 + $85,874) / 2 = $97,412
=$839,500/$97,412
=8.6 times
Number of day's sales in inventory = 365 days / inventory turnover
For current period:
365/8.8 = 41.5 days
For current period:
365/8.6 = 42.4 days
What is Inventory turnover?
The rate at which inventory stock is sold, used up, and replaced is known as inventory turnover. By dividing the cost of items by the average inventory for the same time period, the inventory turnover ratio is derived.
What is Number of day's sales in inventory?
DSI is determined using the average inventory value and cost of products sold during a specified time period or as of a specific date. Mathematically, 365 for a year and 90 for a quarter are used to determine the number of days in the respective time.
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in the united states, employee salaries are increasingly based on market pricing rather than internal job evaluation methods such as the point factor method.
Instead of using internal job evaluation techniques like the point factor approach, employee pay in the United States are increasingly based on market pricing.
The process of deciding how much compensation to provide a job is referred to as a job evaluation. Internal and external data must be utilized to determine the salary range, the pay scale for pertinent occupations, and the benefits appropriate for certain employees.
A performance appraisal reviews the person, whereas a job evaluation evaluates the position without taking the person in that role into consideration. One-position assessments for newly created roles, job reevaluations to boost wages' equality or competitiveness, and company-wide job evaluations to revamp the entire pay structure are a few examples of common job evaluations.
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