The other type of control procedure is corrective. Cash items typically include physical currency, coins, checks, money orders, and electronic transfers that are immediately available for use as cash.
Corrective is the word that would finish the statement. Whereas investigative control procedures are used to spot mistakes or fraud after they have already happened, preventive control procedures seek to stop errors or fraud from happening in the first place. Regarding the second query, cash is commonly described as the amounts stored in bank accounts that are eligible for rapid withdrawal, such as checking accounts, as well as actual money, such as notes and coins. Non-cash goods, including checks, money orders, and credit card transactions, are not regarded as cash.
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suppose that you wish to have $20,000 saved by the end of six years. and suppose you deposit funds today in an account that pays 3% interest, compounded annually. how much you deposit to meet your goal today?
You would need to deposit $16,791.90 today to have $20,000 at the end of six years at a 3% annual interest rate compounded annually.
To calculate how much you need to deposit today to have $20,000 at the end of six years, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment (which is $20,000 in this case)
P = the principal (the amount to be invested)
r = the annual interest rate (3%)
n = the number of times the interest is compounded in a year (once a year, in this case)
t = the number of years (six, in this case)
Plugging in the numbers, we get:
20,000 = P(1 + 0.03/1)^(1*6)
Simplifying the equation, we get:
20,000 = P(1.191)
Dividing both sides by 1.191, we get:
P = $16,791.90
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barbara took out a loan from the bank today for x. she plans to repay this loan by making payments of $990.00 per month for a certain amount of time. if the interest rate on the loan is 0.35 percent per month, she makes her first $990.00 payment later today, and she makes her final monthly payment of $990.00 in 13 months, then what is x, the amount of the loan? an amount less than $12,582.00 or an anmount greater than $14,014.00 an amount equal to or greater than $12,582.00 but less than $13,053.00 an amount equal to or greater than $13,053.00 but less than $13,526.00 an amount equal to or greater than $13,526.00 but less than $13,705.00 an amount equal to or greater than $13,705.00 but less than $14,014.00
Around $13,053.00 but not quite $13,526.00 is the amount of the loan. The appropriate response is: an amount equal to or more than $13,053.00 but less than $13,526.00.
We can apply the formula for the present value of an annuity to calculate the loan's amount: PV = PMT x (-1 + r)-n) / r ,where PMT stands for the monthly payment, r for the interest rate, and n for the number of payments, and PV stands for the present value of the annuity (or the loan amount). PMT is $990, r is 0.0035, and n is 13 in this instance. Following the formula's entry of these values, we obtain: PV = $990.00 x (1 - (1 + 0.0035)^-13) / 0.0035 PV ≈ $13,366.24 The loan is therefore for about $13,366.24 in total.
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the business earns $2,800 cash for services performed. how would this transaction affect the total equity of a business?
Answer:
Revenues would be decreased so equity would be decreased
Explanation:
how do your calculations of the cpi for the retired person and the college student compare to the overall cpi?
The overall consumer price index is 239.4, while the retired person's overall CPI is 359.53 and Overall CPI for college student = 12.14 + 37.20 + 38.92 + 0 + 98.76 + 23.44 = 210.46 .
What distinguishes college students' CPI from that of retired individuals?We can see that the CPI will overstate the rise in the cost of living for the retired person and understate it for the college student when compared to the CPI as a whole, which is 239.4.
This is due to the fact that the CPI is based on a predetermined market basket that may not accurately reflect the spending habits of particular individuals or groups. In this instance, the market basket of the retired person is heavily skewed toward medical care, which has a higher rate of inflation than other categories, while the market basket of the college student is heavily skewed toward education, which has a lower rate of inflation.
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miles is interested in a career in hrm. he expected his first job to focus on giving employees access to information on training, benefits, and other programs. however, he has since learned that hr employees spend less time doing that kind of work. which trend is behind that change?
Human resource management deals with management functions like planning,organizing,directing and controlling,it deals with the recruitment of human.
In order to improve the performance of individuals and groups,or ensure the reconciliation of individual goals with those of the organization, training and development activities are undertaken.In some of the organizations this activity is carried out continuously.Leadership is about motivating employees and influencing their behavior to achieve organizational goals.Leading focuses on managing people,such as individual employees,teams,and groups rather than tasks.Coordinating people and human resources to achieve organizational goals is the leadership process.Planning is the main function of administration. A second key function of managers is organizing,which is the process of coordinating and allocating a company's resources to carry out its plans. Organization includes developing a structure for people,positions, departments,and activities within the company.
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If average labor productivity in two countries is the same, average living standards will be lower in the country with:A)the lower share of population employed.B)the higher share of population employed.
If average labor productivity in two countries is the same, average living standards will be lower in the country with the lower share of population employed.
Why it is?
This is because the number of people employed in a country directly affects the overall level of output that can be produced.
If a higher share of the population is employed, there are more workers producing goods and services, which can increase the level of output and overall economic growth.
On the other hand, if a lower share of the population is employed, there are fewer workers producing goods and services, which can lead to lower levels of output and economic growth.
This can in turn lead to lower average living standards in the country, as there are fewer resources available to be distributed among the population.
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which of the following statements is incorrect? a. by influencing interest rates, the fed is able to influence the amount of money that corporations and households are willing to borrow and spend. b. the fed's monetary policy is intended to influence u.s. economic conditions. c. the fed's monetary policy affects the supply of loanable funds, which affects interest rates. d. all of these statements are true.
When the Fed tightens the money supply, it increases the interest rate and decreases the amount of goods and services that people want to buy at a particular price point.b. the fed's monetary policy is intended to influence u.s. economic conditions.
Reducing income inequality is the right response (option B). The Federal Reserve is referred to as the American central bank. The Federal Reserve, as the nation's monetary authority, has what is known as a "dual mandate"—a set of goals. a growth in real GDP when the economy is on the horizontal section of the aggregate supply curve, but without significant inflation. How much commercial banks charge one another for short-term loans is influenced by the fed funds rate. Because borrowing costs increase with a rising rate, banks and other financial organisations may be less eager to borrow money.
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currently, the term structure is as follows: one-year bonds yield 9.25%, two-year zero-coupon bonds yield 10.25%, three-year and longer maturity zero-coupon bonds all yield 11.25%. you are choosing between one, two, and three-year maturity bonds all paying annual coupons of 10.25%. you strongly believe that at year-end the yield curve will be flat at 11.25%. a. calculate the one year total rate of return for the three bonds
For the three bonds, the total rate of return would be as follows:
On the one-year bond = $102.50On the two-year bond = -$89.53On the three-year bond = -$171.22We must account for the yearly coupon payment as well as any capital gains or losses that may result from changes in interest rates when determining the three bonds' one-year total rates of return.
For the one-year bond with an annual coupon of 10.25%, the total rate of return would be:
The total rate of return = Coupon payment + Capital gain or loss
Coupon payment = 10.25% of the face value
Coupon payment = 0.1025 × $1,000 = $102.50
∴ The total rate of return on the one-year bond= Coupon payment = $102.50
Market value of two-year bond = $1,000 ÷ (1 + 0.1125)² = $807.97
Market value of three-year bond = $1,000 ÷ (1 + 0.1125)³ = $726.27
Capital gain or loss on the two-year bond = $807.97 - $1,000 = -$192.03
Capital gain or loss on three-year bond = $726.27 - $1,000 = -$273.72
∴ The total rate of return on the two-year bond = Coupon payment - Capital loss
The Total rate of return on two-year bond = $102.50 - $192.03 = -$89.53
∴ The total rate of return on the three-year bond = Coupon payment - Capital loss
The total rate of return on three-year bond = $102.50 - $273.72 = -$171.22
Remember that the total rate of return is negative in all scenarios, indicating that the investor would have been better served to purchase the one-year bond with a coupon rate equal to the going interest rate.
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your monthly rent payment is an example of a variable expense.True or False
True - Monthly rent payment is an example of a variable expense because it can change from month to month.
What are Variable expenses?Variable expenses are costs that can vary in amount from one period to another. In other words, they are not fixed and can change based on different factors. Examples of variable expenses besides rent may include:
Utilities: the cost of electricity, gas, water, and other utilities can change depending on how much you use and the rates charged by your provider.Food: the amount spent on groceries or dining out can vary from one month to another depending on the type of food you buy or the frequency you eat out.Entertainment: the amount spent on entertainment, such as movies, concerts, and other activities, can vary depending on the events that are taking place or the frequency with which you choose to attend them.Variable expenses can be managed by setting a budget and planning ahead.
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Which is not one of the five philosophical prepositions of external financial reporting?
1. External realism
2. Subjective judgement
3. Insider trading practices
4. Commitment to rationalism
Insider trading activities is the philosophical preposition that doesn't belong to the 5 philosophical prepositions of external financial reporting. Thus, Option 3 is correct.
This term refers to the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. It is not one of the philosophical prepositions that guide external financial reporting. The other three options, external realism, subjective judgement, and commitment to rationalism, are all philosophical prepositions that are relevant to external financial reporting.
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The area of accounting that focuses on reporting information to external users are called: _________
The area of accounting known as financial accounting is concentrated on the creation of financial statements that provide pertinent accounting information to the company's external users, including creditors, suppliers, investors, and the government.
Why Do Investors Need to Understand Accounting?
Accountants' labour is the foundation of today's financial markets. Business executives would lack the transparency they require to manage risks or plan initiatives without accounting, and investors would be unable to rely on up-to-date, accurate financial data. Regulators also rely on accountants for critical jobs like providing auditors' opinions on companies' yearly 10-K reports. In conclusion, accounting is crucial for the smooth running of modern finance, although being periodically overlooked.
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what are required to calculate the current value of a bond?
To calculate the current value of a bond, you would need to know the bond's face value, coupon rate, time to maturity, and the current market interest rate.
What is interest rate?
An interest rate is the cost of borrowing money or the compensation for lending money.
It is expressed as a percentage of the amount borrowed or lent and is determined by the market forces of supply and demand.
Interest rates play a crucial role in financial decision-making as they affect the cost of borrowing, the return on savings, the pricing of securities, and the valuation of assets.
Central banks use interest rates as a tool to manage monetary policy and achieve macroeconomic objectives such as controlling inflation and promoting economic growth.
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true or false: recording a loss contingency and formally entering it as a liability in the financial statements is the only alternative to informing investors and creditors about its potential impact on the company. true false question.
False The only way to avoid disclosing a loss contingency's potential impact to creditors and investors is to record it and legally include it as a liability with in financial statements.
Which of these three financial statement kinds are they?The income statement, balance sheet, and cash flow statement are all important financial statements to have. Trades can evaluate a company's financial stability and underlying value quickly using these three statements. They are helpful instruments for traders to assess a company's financial stability.
What four financial statements must comply with GAAP?Statements of shareholders' equity, statement of income, cash flow statements, and balance sheets are the four primary financial statements. The four financial statements mentioned above are regarded as common accounting concepts according to GAAP.
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a portfolio analysis involves which of the following? multiple select question. management allocates its resources to products with the greatest potential to be profitable. management identifies and evaluates opportunities using stp. management develops the marketing mix for each sbu. management evaluates the firm's various products and businesses.
Portfolio analysis involves -
Management evaluates the firm's various products and businesses.Management allocates its resources to products with the greatest potential to be profitable.Portfolio analysis is an assessment of the parts remembered for a blend of items determined to pursue choices that are supposed to work on in general return. The term applies to the interaction that permits a chief to perceive better ways of dispensing assets determined to increment benefits. It could likewise allude to a speculation portfolio formed by protections. At the point when an organization showcases a scope of various items or administrations, it is expected to occasionally lead portfolio investigation. This means breaking down every item independently regarding productivity, commitment to the organization's pay and development potential. This investigation works with the distinguishing proof of items that are not beneficial by any stretch of the imagination or play inadequately inside the gathering.
The items are ordered by pre-characterized models, for example, deals esteem, piece of the pie, net benefit, commitment edge and life cycle. The outcomes could obviously highlight items that ought to be removed from the market or basically get fewer assets. It could likewise demonstrate that the organization should build its ventures and endeavours to some star items that have a higher potential. The examination is made to work on the worldwide portfolio's presentation since a definitive goal is boosting benefits for investors.
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Complete Question -
A portfolio analysis involve which of the following? (Select all that apply.)
Management identifies and evaluates opportunities using STP.Management evaluates the firm's various products and businesses.Management develops the marketing mix for each SBU.Management allocates its resources to products with the greatest potential to be profitable.What are the three reasons why business plan is important?
the following three factors make a business plan crucial: 1. Assists in setting objectives and goals. 2. Offers a success road plan. 3. Draws in lenders and investors.
A business plan is crucial for entrepreneurs and companies for a number of reasons. There are three primary causes:
clarifies company aims and ambitions
The purpose, vision, and goals of a company may be clearly stated in a business plan, giving the firm a sense of direction.
Improves ability to make decisions
A business plan offers a road map for the company, defining important strategies and steps that must be performed to accomplish objectives. Informed choices that are in line with the overall vision and objectives of the company may be made by business owners with the aid of this information.
brings in investment and investors
A strong business plan may be a valuable tool for obtaining funds from lenders or investors by showcasing the feasibility and potential of the company.
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how can an organization track resource inventory and configuration history for the purpose of security and regulatory compliance?
Tracking resource inventory and configuration history is an important aspect of security and regulatory compliance for many organizations.
How can an organization track?Use a Configuration Management Database (CMDB): A CMDB is a centralized database that maintains information about all the hardware and software assets in an organization.Implement an Asset Management System: An Asset Management System (AMS) is a system that allows an organization to track all of its assets, including hardware and software, throughout their lifecycle.Conduct Regular Audits: Regular audits of an organization's resources can help identify any discrepancies or non-compliant assets.Use Automation Tools: There are a variety of automation tools available that can help track resource inventory and configuration history.To know more about Resource inventory, check out:
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why might red bull create its own sporting events, music festivals, and other promotional opportunities, rather than clapping their name on existing events, as the reporter in the video put it?
Skill, speed, and stamina are the three s’s that mark the world’s best automobile race, the 24 Hours of Le Mans. The race, organized by Automobile Club de L’Ouest, bridges past and present on the automotive circuit.
The competition is set on a non-permanent track at Circuit de la Sarthe near the city of Le Mans on the Sarthe River. Roughly 46 cars start the race, in a series of classes that include prototype high-performance vehicles, dedicated race cars, and street cars.
The diversity of autos gives the race a mix of old-fashioned and modern competitors. The winner is the car, driven by a team of three drivers, that covers the greatest distance in 24 hours.
The first Le Man's contest took place in May 1923; today it is held every June. The race begins at 4 p.m., and for 24 hours the sound of roaring engines fills 8 miles (13 kilometers) of the French countryside.
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journal entries prepared at the end of the accounting cycle which reduce revenue, expense and drawing accounts to a zero balance are called entries:
The journal entries that balance all income, cost, and withdrawal accounts to zero at the conclusion of the accounting cycle are known as closing entries.
A journal entry known as an accounting closure entry is done at the conclusion of an accounting period and involves transferring data from temporary accounts on the income statement to permanent accounts on the balance sheet. Temporary accounts must be closed at the end of the accounting year and include revenue, expenditures, and dividends.
The closure entry is used to change the temporary account balances to zero in the general ledger, which is the system used to maintain track of a company's financial data.
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—----------CORRECT QUESTION FORMAT IS GIVEN BELOW —-----------
(Q). Journal entries prepared at the end of the accounting cycle which reduce revenue, expense and drawing accounts to a zero balance are called _____________entries.
the rate of interest that will cause a given present value to grow to a given future amount is called the or rate.
A present value of one sum will always be: as long even as interest rate is higher than zero. not equal the future value.
Today's interest rate is .The average 30-year variable price is 6.67% today, Tuesday, Feb 14, 2023, up 11 bps from the previous week. Today's 30-year fixed nationwide refinance rate for homeowners is 6.78%, up 12 basis points so over previous week.
A 5% interest rate—is that good?With the exception of mortgages, almost all financing options are favorable with an APR of 5%. 5% is far less expensive than the standard rate on credit cards, personal loans, auto loans, and student loans.
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you want to have $5 million when you retire in 45 years. you believe you can earn 7.0 percent per year on your investment. how much must you invest each year to achieve your goal when you retire? (ignore all taxes.)
To find out the payments or deposit need to be done every year to reach the goal of $5 million after 45 years, we will use the future value annuity payment formula.
P=FV∗r/[(1+r)^n−1]
where,
FV = $5000000
r = interest rate per year = 7%
n = number of years to retirement = 45
Putting the values in the above equation:
P = 5000000 * 0.07 / [ (1+0.07)^45 - 1 ]
P = 350000 / [21.002 - 1]
P = $17497.85
Answer: An investment of $17497.85 needs/should to be done every year to reach the goal of $5 million as the retirement amount.
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since markets are efficient, institutional and individual investors should ignore the various investment instruments available. a. true b. false
The concept is that of Financial markets, a market where people trade financial securities and derivatives at low transaction costs. The answer is option B, false.
Financial markets include any place or system that offers buyers and merchandisers the occasion to trade fiscal instruments, including bonds, stocks, colorful transnational currencies and derivations. fiscal requests grease commerce between those who need capital and those who have capital to invest.
fiscal requests grease commerce between those who need capital and those who have capital to invest. In addition to raising capital, fiscal requests allow actors to transfer threat( generally through derivations) and encourage trading.
A well- developed fiscal request performs other essential functions in addition to converting savings into capital and allocating them to investments.
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julia sims has $38,000 of adjusted gross income and $6,080 of medical expenses. she expects to itemize her tax deductions this year. the most recent tax year has a medical expenses floor of 10 percent. how much of a tax deduction for medical expenses will julia be able to take?
Deductible medical expenses equal total medical expenses minus 10% of adjusted gross income = $5,000 (0.10 $30,000) = $2,000
What exactly are medical expenses?Medical expenses are typically defined as the costs of medical care, treatment, and services. These costs can range from fees charged by doctors, hospitals, and other medical professionals to the price of prescribed medications, medical devices, and diagnostic tests. Medical expenses may also include medical insurance costs such as premiums, deductibles, and co-payments. Medical expenses can also include the costs of alternative treatments or treatments, including such chiropractic or acupressure, as well as travel fees incurred to receive medical care. There is no medical expense deduction if the deductible medical expenses are equal to or less than 10% of adjusted gross income.
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The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. What is the highest price you would expect to be paid for a jacket in the black market for jackets created by the price ceiling? (Your answer should be in thousands, e.g. put 500, not 500,000).
A price ceiling is a legal maximum price that can be charged for a good or service.
In the case of winter jackets, if the president sets a price ceiling of $100, then no seller can charge more than $100 for a jacket. This could lead to a shortage of winter jackets, as the price may be below the market equilibrium price, which is the price at which supply and demand are balanced.To meet the demand for jackets, suppliers may resort to other means to sell their products, such as selling jackets in a black market. A black market is an illegal market where goods are sold at a price higher than the legal price ceiling. The price of jackets in the black market would depend on the demand for jackets and the cost of production, which may be higher due to the illegal nature of the transaction.The highest price one would expect to be paid for a jacket in the black market depends on various factors, such as the demand for jackets, the cost of production, and the level of enforcement against the black market.
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_______segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Occasion segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Occasion segmentation involves dividing the market into groups based on the specific occasions when customers are most likely to purchase or use a product or service. This approach allows marketers to develop targeted marketing campaigns that are tailored to the specific needs and preferences of each segment, and to time their marketing activities to coincide with key purchasing or usage occasions. Occasion segmentation can be used for a wide range of products and services, from consumer goods and personal care products to travel and entertainment services. By understanding the occasions that drive customer purchases, marketers can create more effective marketing strategies that resonate with their consumer target audience and drive higher levels of engagement and conversion.
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you would like to provide $30,000 a year forever for your heirs. how much money must you deposit today to fund this goal if you can earn a guaranteed 2.5 percent rate of return?
the manager of an electronics store gives her staff the authority to resolve customer complaints. she lets the staff decide whether to issue refunds or replace merchandise in case of consumer grievances. which job design technique is the manager implementing in her store?
The store manager is applying a job enrichment design strategy. The appropriate choice is b).
What does the word "customer" actually mean?Client definition An individual or company that purchases products or services from that other company is known as a customer. Customers are crucial since they generate revenue. With colleagues, companies can not keep going.
What kind of consumer are they?Impulse buyers: People who buy things on the spur of the moment without having their eyes set on a certain item. Discount consumers are those who often shop but largely rely on sales to make purchases. Customers who are motivated by a need to purchase a certain item.
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The Complete Question :
Charlotte, the manager of an electronics store in Ohio, gives her staff the authority to resolve customer complaints. She lets the staff decide whether to issue refunds or replace merchandise in case of consumer grievances. Which job design technique is Charlotte implementing in her store.
a. Job evaluation
b. Job enrichment
c. Job sharing
d. Job extension
e. Job rotation
g john and holly are married and file a joint tax return. they have taxable income of $90,000. holly has an opportunity to earn an additional $100. what is their marginal tax rate on the additional income? multiple choice question. 10% 22% 12.3% 12%
10% is their marginal tax rate on the additional income. Married couples have the choice to file their federal income tax returns jointly or individually. By offering many tax incentives to individuals who file jointly, the IRS aggressively encourages the majority of couples to file joint tax returns.
Your taxable income is your gross income less all allowable deductions. Before utilising any available tax credits, estimate how much you'll owe by comparing that sum to your tax bracket. The following sums represent the tax items for tax returns year 2022 that most taxpayers will find most interesting: For married couples filing jointly in tax year 2022, the standard deduction increases by $800 to $25,900.
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why does a bond with more maturity have greater interest rates risk than a bond with shorter maturity
Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
The returns on bonds are inversely related to the interest rate prevailing in the market. This means that if the interest rates are low there will be higher returns on the bonds and if the interest rates are high the returns in the bond market will be low. Bond with longer maturity dates are more susceptible to interest rate fluctuation in the market and carry greater risk as compared to bonds that have Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
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Answer:
Bonds with longer maturity periods generally have greater interest rate risk than bonds with shorter maturity periods, because they are exposed to changes in market interest rates over a longer period of time. Bonds with shorter maturity periods are less sensitive to changes in the market, and therefore have less interest rate risk.
T/F: Net operating income computed using absorption costing will always be greater than net operating income computed using variable costing.
The statement net operating income computed using absorption costing will always be greater than net operating income computed using variable costing is true.
Net operating income determined by absorption costing will never exceed net operating income determined by variable costing. Despite the fixed manufacturing overhead, absorption costing net operating income is higher when inventory rises than variable costing net income.
Deferred in the balance sheet's inventory account. No change in inventories occurs when the number of units produced and sold equals one another. If production outpaces sales, absorption income generates a higher profit than variable net operating. Which decreased cost of goods sold for the current period and consequently increased profit.
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Everyone who owns or manages a business is an entrepreneur.
A. True
B. False
Term categories here (11) False or true Anyone who owns or operates a business is considered an entrepreneur. False.
Are all entrepreneurs also business owners?
Now, not all business owners are entrepreneurs; yet, they are also business owners.
Who are entrepreneurs, and what do they do for a living?
An entrepreneur is someone who has a business to support them in their quest and seeks to build a decent product or service that others will buy. Since an entrepreneur bears the majority of the risk and responsibility for their new business, they are seen as visionaries or innovators.
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