The major dimensions of strategic management is Allocating the company's limited resources and adapting to changes in the external market.
Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management is the process of establishing policies, procedures, and goals to improve a company's or organization's competitiveness.
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ben is purchasing a home and reviewing a loan amortization chart. if the home price is $330,000 and he's financing $300,000, once he finds the factor (number that intersects his interest rate and term on the amortization chart), what number does he multiply by that factor?
300 is multiplied by that factor. The number intersects his interest rate and term on the amortization chart.
In tax regulation, amortization refers to the price recovery system for intangible belongings. Despite the fact that the idea at the back of cost healing deductions of amortization is to deduct from the foundation in a scientific manner over an asset's anticipated useful financial life so as to reflect its consumption, expiration, obsolescence or different decline in cost as a result of use or the passage of time, oftentimes a perfect in the shape of income and deductions does no longer occur for policy reasons. A corresponding concept for a tangible property is depreciation. Methodologies for allocating amortization to every tax period are normally the same as for depreciation. However, many intangible properties together with goodwill or sure manufacturers can be deemed to have an indefinite useful existence, or “self-created” and are therefore now not issued to amortization.
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partnerships with blank as partners are generally not eligible to use the cash method of accounting for tax purposes.
Partnerships with corporations as partners are generally not eligible to use the cash method of accounting for tax purposes. (Option C).
What is a Partnership?A partnership is a type of business where two or more persons jointly own the company and are responsible for managing it and for any profits or losses it makes.
As a result, two or more individuals who pool their resources to start a firm and agree to split the risks, rewards, and losses constitute a partnership enterprise by definition. Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.
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Complete Question can be found below:
Partnerships with ______ as partners are generally not eligible to use the cash method of accounting for tax purposes.
A individuals
B other partnerships
C corporations
Correct Answer: Option C
in which of the following cases is the after-tax real interest rate highest? group of answer choices inflation is 4%, the pre-tax real interest rate is 2%, and the tax rate is 25%. inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 25%. inflation is 4%, the pre-tax real interest rate is 2%, and the tax rate is 20%. inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
The after-tax real interest rate is highest where inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
Nominal Rate= Before tax real interest rate + Inflation
= 3% + 6%
= 9 %
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 9% ( 1 - 0.20) - 6%
= 1.2%
Nominal Rate= Before tax real interest rate + Inflation
= 3% + 6%
= 9 %
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 9% ( 1 - 0.25) - 6%
= 0.75%
Nominal Rate= Before tax real interest rate + Inflation
= 2% + 4%
= 6%
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 6% ( 1 - 0.2) - 4%
= 0.8%
Nominal Rate= Before tax real interest rate + Inflation
= 2% + 4%
= 6%
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 6% ( 1 - 0.25) - 4%
= 0.5%
Hence after-real interest rate is highest where inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
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a company's inventory records indicate the following data for the month of april if the company uses the first in first out method and the perpetual inventory system what would be the cost of the ending inventory
The first-in, first-out method of inventory valuation is referred to as the FIFO method. It is assumed that the first items purchased will be sold in this manner. It is the most widely accepted and one of the easiest methods to comprehend.
Which is superior, LIFO or FIFO?
Inventory management using the FIFO (first in, first out) method aims to value inventory so that the company is less likely to lose money when products expire or become obsolete. Non-perishable goods benefit more from LIFO (last in, first out) inventory management, which uses current prices to determine the cost of goods sold.
What is FIFO technique recipe?
The cost of your oldest inventory is multiplied by the amount of inventory sold to calculate FIFO (First-In, First Out), whereas the cost of your most recent inventory is multiplied by the amount of inventory sold to calculate LIFO (Last-in, First-Out).
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in what way are debt securities, equity securities and derivatives similar? a.) they can all be converted to cash with little difficulty. b.) they all carry similar levels of risk. c.) they generate equivalent returns. d.) they are all fixed assets.
The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
What do you mean by debt securities, equity securities and derivatives?
'Debt Security' is also known as fixed-income securities, most debt securities are traded over the counter. They are held by many large institutional investors as well as governments and nonprofit organizations.
They are present in
collateralized debt obligations collateralized mortgage obligations mortgage-backed securities zero-coupon securitiesEquity security is a financial instrument that represents an ownership share in a corporation. The typical equity security is common stock,
Derivative refers to a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark.
From the above definition we can conclude that The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
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A solution to the adverse selection problem can be:
a. Reputation mechanisms.
b. The creation of a market.
c. Building a fence.
d. Free riding.
Reputation mechanisms is a solution to the adverse selection problem.
Therefore Option A is correct.
What is Adverse selection problem and reputation mechanism?
Adverse selection refers generally to a situation where sellers have information that buyers do not have, or vice versa, about some aspect of product quality.
Effects of Adverse Selection
Higher Prices for Customers. Lower Consumption.Health Risk.Reputation mechanism
It is a mechanism used in P2P systems to associate the identities of peers with the opinions of other peers about the contribution of the former, and to acquaint the participating peers with this association.
Hence, Option A is correct.
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you play a gambling game with your friend in which you win 45% of the time and lose 55% of the time. when you lose, you lose $2. what profit should you earn when you win in order for the game to be fair?
If we assume the game is fair,
Expected way of losing = Expected way of gaining.
55% ($2) = 45% ($x)1.1 = 0.45x1.1 / 0.45 = x x = $ 2.4$ 2.4 profit should you earn when you win in order for the game to be fair.
What is profit and loss?
Profit and Loss calculations are used i to determine the price of a commodity in the mark,
Profit = The amount gained by selling a product for more than its cost price. Profit = Selling price – Cost Price
Profit percentage (P%) = (Profit /Cost Price) x 100
Loss =The amount the seller incurs after selling the product less than its cost price is mentioned as a loss.et and understand how profitable a business is. Loss = Cost Price – Selling Price
Loss percentage (L%) = (Loss / Cost price) x 100
Hence, $ 2.4 profit should you earn when you win in order for the game to be fair.
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demand and revenues for a monopoly price (dollars) quantity (units) total revenue (dollars) marginal revenue (dollars) $40 0 $35 5 $30 10 $25 15 $20 20 $15 25 using the demand schedule, what is the marginal revenue (mr) for the 10th unit?
Marginal revenue is the difference between the total revenue for a particular unit of output and the total revenue for the unit of output that came before it. Total revenue is equal to Price minus the quantity demanded.
Marginal profit is the difference between marginal cost (MC) and marginal revenue (MR).At some level of output, if marginal revenue is greater than marginal cost, marginal profit is positive, implying that more should be produced. On the other hand, if marginal revenue is lower than marginal cost, marginal profit is negative, implying that less should be produced.Profit is maximized at the output level where marginal revenue equals marginal cost, where marginal profit is zero.
At an output level of two units, the Marginal Revenue and Marginal Cost equalize if the Marginal Cost is set at $30.
As a result, the output that maximizes profits is two units.
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Suppose that the consumer price index rises from 100 to 200. From this information we may conclude that?.
When the Consumer price index rises from 100 to 200 , it concludes that the prices in an average consumer's market basket are doubled.
The Consumer Price Index (CPI) is an index commonly used to measure inflation by tracking changes over time in the price consumers pay for a basket of goods and services. These goods and services are classified into eight major groups: food and beverages, housing, clothing, transportation, healthcare, recreation, education and telecommunications.
The Consumer Price Index is calculated by measuring the price of this fixed basket of consumer goods and services within a period compared to the price of the previous period. Changes in the CPI therefore loosely reflect changes in the cost of living in the Country. As such, the CPI is the most commonly used economic indicator to identify periods of inflation (or deflation) in the Country.
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In are the risks of derivatives manageable?, thomas a. Bass posits that market failures were due in part to mismanagement of derivative investments. What does he recommend?.
In ‘Are the risks of derivatives manageable’ Thomas A. Bass posits that market failures were due in part to mismanagement of derivative investments and recommends widespread regulation of derivatives or a complete ban. (Option A).
Derivatives refers to a security whose price is dependent upon or derived from one or multiple underlying assets (such as interest rate, stocks, commodity, etc.). It is a contract between parties (two or more) based upon the asset(s) and its value is established by underlying asset fluctuations. Derivatives are valuable tools for hedging risks, however, like all financial instruments they generate risks that need to be managed. According to Thomas A. Bass, market failure is caused by mismanagement of derivatives investments, and he recommends that derivatives must be regulated or banned completely.
Note: The question is incomplete as it is missing options. The options are A. Bass recommends widespread regulation of derivatives or a complete ban. B. Bass recommends further use of derivatives as a source of investment for banks and hedge funds. C. Bass recommends a safety net for banks who fail due to their use of derivatives, citing the ethical nature of the investment. D. Bass recommends implementing aggressive strategies to maximize returns in managing investments of wealthy private investors.
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we thought american business was the rock of gibraltar. we were the prosperous nation, and nothing could stop us now. a brownstone house was forever. you gave it to your kids and they put marble fronts on it. there was a feeling of continuity. if you made it, it was there forever. suddenly the big dream exploded. the impact was unbelievable.based on the excerpt and your historical knowledge, why did the stock market crash make americans lose confidence in business?
The stock market crash make Americans lose confidence in businesses like Harburg, many were shocked by the stock market collapse and the ensuing Depression.
Before the Great Depression, Americans had it all and prosperity was at its peak during that time as is stated in the question. But as the Great Depression arrived it was a huge surprise to everyone as it was least expected. Between the years 1929 and 1939, there was a worldwide economic depression that caused a major fall in stock prices. The world's greatest economy shrank by a third and during this time unemployment reached its peak and consumer prices fell by 25%
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Answer:
Americans realized that business was not immune to failure and could collapse.
Explanation:
a nurse manager plans the fiscal budget to include salaries for two rns for two 12-hour shifts with a patient census of 6 in the short-stay observation room. the nurse manager reviews the budget report 3 months later and notes that the salary expenses are higher than was budgeted because of higher-than-planned rn staff salaries. this additional rn staff is necessary to meet patient care needs because the census has remained constant at 10 patients rather than the 6 projected when the budget was developed. the difference between the planned budget and the actual cost is known as:
As reflected in the unit's budget, nurse managers are frequently evaluated based on how well they manage nursing overtime costs and supply usage.
What are the four primary approaches to budgeting?
Companies typically use one of four types of budgets:1) incremental, 2) based on activities, 3) based on a value proposition, and 4) based on zero. Each of these four approaches to budgeting has its own set of benefits and drawbacks, which this guide will go over in greater depth.
The national government's budgeting process consists of four distinct phases: preparation, authorization, implementation, and accountability of the budget Even though they are distinct processes, their implementation during a budget year overlaps.
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The manufacturer of a computer game planned to produce the game for a cost of $15 and sell it for $30. however, in the first month, the company sold only 100,000 games. a marketing research group suggests that by dropping their price to $20 they could probably increase sales to about 200,000 games in the next month. production costs would stay the same, and the manufacturer has the capacity to produce 200,000 games. which of these options is the best for the coming month when considering marginal costs and benefits?
The best option for the manufacture in the coming month when considering marginal costs and benefits is keeping the price at $30 to retain the image of a quality product.
This option is not only to retain the quality of the product, but it also avoids your customer being confused about why your company decreasing the price. is it means the quality decrease too? So it's better to keep selling it for $30 and increase the quality than your sold for $20, but not guarantee it would be sold in more units. Marginal cost also says to the increase or decrease in the value of producing one more items or serving one more customer. It is also called as incremental cost.
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sail-awsail-away corporation makes sailboards, which are distributed by tropical marketing company to uv sports stores inc., which sells them to consumers. wen is injured while using a sail-away board that he bought from uv sports. in a product liability suit based on strict liability, wen may recover from:
In a product liability suit based on strict liability, Wen may recover from Sail-Away, Tropic, or UV Sports.
What is liability?Responsibility usually means that you are responsible for something, and it can also mean that you owe product money or services. For example, a homeowner's tax liability could be an amount owed to the city in property taxes or income taxes owed to the federal government. You can calculate a company's liability using the following formula: Liabilities = Assets – Equity. To determine the total amount of liabilities, find the sum of assets and equity on the balance sheet. According to the Strict Liability Rule, the law requires people to pay damages even if they were not at fault. In other words, people have to pay compensation to victims even if they take all necessary precautions.To learn more about liability from the given link :
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dollar damages are considered inadequate and specific performance is considered the proper remedy when a contract for the sale of a unique item is breached by the buyer. true false
The answer is false. A contract of sale of goods is one in which the seller transfers or agrees to transfer ownership of products to the buyer for a fee. A contract of sale may exist between one part-owner and another.
A selling contract can be absolute or conditional. Party A, for example, agrees to sale wheat crops to Party B. Both parties agree that if Party B pays the agreed-upon amount, he may cut and take the crops. This is a legitimate contract of sale because wheat crops are considered a good. Except for cash and actionable claims, everything transportable property is a good.
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elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
The type of marketing channel that Elena uses when she sells her own made purses to customers is D. direct.
In the field of business, a direct marketing channel can be described as a process in which the products made by a producer are sold directly to customers without an intermediate salesperson or company in between.
A producer directly deals with his customers instead of relying on an intermediate source and handing over the products to them.
The direct marketing channel is effective in the case of small businesses where the customers are lesser and can easily be handled by the producers. Elena uses the direct marketing channel when she sells her purses directly to customers at craft fairs.
Although a part of your question is missing, you might be referring to this question:
Elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
A. indirect
B. vertical
C. horizontal
D. direct
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scenario: alpha bank has $100,000 in total assets and $45,000 in total liabilities. beta bank has $250,000 in total assets and $220,000 in total liabilities. refer to the scenario above. what is alpha bank's stockholders' equity? group of answer choices $45,000 $55,000 $65,000 $145,000
Alpha bank's stockholders' equity is $55,000.
What is Equity?
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that, in the scenario of a company's liquidation, would be distributed to its shareholders after all of the company's assets have been sold and its debt has been fully repaid.
Liabilities
Liabilities are things that you owe or have borrowed. Assets are items you own or owed. Liability can also mean a legal or regulatory risk or obligation.
Equity=Assests- Liabilities
=$100,000-$45,000
Equity =$55,000
Therefore, the correct option is b which is equal to $55,000
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item 14 a new project has an initial cost of $172,000. the equipment will be depreciated on a straight-line basis to a book value of $65,000 at the end of the four-year life of the project. the projected net income each year is $15,300, $18,100, $23,400, and $15,200, respectively. what is the average accounting return? multiple choice
the average accounting return is found to be 15.19%
Average Accounting Return (AAR) = Average Project Net Income / Average Book Value Investment
Average annual project income = $72,000 / 4 years = $18,000
Average book value of investment = $172,000 + ($65,000/2) = $118,500
AAR = 18,000 / 118,500 = 15.19%
The average accounting return (AAR) is calculated by dividing the average project earnings after taxes and depreciation by the average book value of the investment over its life. The average accounting return is used in making capital budgeting decisions.
The average accounting return (AAR) has both benefits and drawbacks. one of its advantages is that It is simpler to calculate than other capital budgeting decision rules. It only requires the investment's net income and book values income and book values of the investment over its lifetime.
The disadvantage is that it is based on net income and book values rather than cash flows and market values.
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a problem is listed below. identify its type. ted owns a small florist shop. since his business is booming, his realizes he will soon need one more delivery van. he decides he will purchase a full size van versus a minivan, which he currently owns. the van he is looking to buy in 3 years will cost him $33,000. how much should he invest each quarter into an account that pays 5% per year compounded quarterly, so that he can have the desired funds in 5 years? a) present value with compound interest b) amortization c) present value of an annuity d) sinking fund e) future value with compound interest f) none of the above.
The correct answer is D. This is a sinking fund problem. A sinking fund is a fund that is used to set aside money for future repairs or replacement of a capital asset.
The fund is established by making periodic deposits into the account, which grow over time and can be used when needed.A sinking fund is used to amortize or pay down a debt over time. This type of fund typically has a specific purpose, such as paying off a bond issue or funding future capital expenditures.The funds are typically invested in a way that will allow them to grow over time so that they will be sufficient to cover the future costs.
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ray and gina own shares of stock in a number of different companies. none of their holdings are very large. because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are. a. true b. false
The statement 'Ray and Gina own shares of stock in a number of different companies. None of their holdings are very large. Because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are' is false.
When you hold stock in a company, whether it be of low value or high value' you have to go along with the board of directors of the company. You cannot make a decision on your own without getting approval from the board of directors.
In the case above, although Ray and Gina might be having a small share of stock in different companies, they are still entitled to be dependent on the board of directors as much as the large-block shareholders are.
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in deciding whether to establish a foreign operation, which is not a tax related factor might a multinational corporation (mnc) consider? group of answer choices different labor costs different income tax rates from competing investment locations the tax treatments of branches versus subsidiaries withholding rates on dividend and interest payments
After-tax returns from competing investment locations, The tax treatments of branches versus subsidiaries, Withholding rates on dividend and interest payments are not a tax related factor might a MNC's consider.
Any investment return that is profitable after deducting the cost of taxes is known as an after-tax return. The after-tax return is frequently used by high-income investors and businesses to calculate profits. To determine the pretax rate of return, an after-tax return can be expressed numerically or as a ratio.
For individual investors, the performance data is broken down into "real-life" form using after-tax returns. High-yield stocks and municipal bonds help investors in the highest tax bracket increase their after-tax returns. High tax rates apply to capital gains from short-term investments as a result of frequent trading.
Only income received and expenses incurred during the reporting period should be included when figuring the after-tax return.
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Step 2
The risk assessment has been carried out and fortunately has not uncovered any major
problems. Now the owner wants your help in choosing the right kind of insurance for his
business. Help him by writing a guide on what to consider when making this decision so that
he chooses the right kind of insurance. Be sure to mention important factors such as the
influence of the business's location, the number of employees, and the industry they are in.
A risk assessment is considered to be a process in order to identify potential hazards and analyze what could happen if an hazard tend to occur.
The aim of the risk assessment process is in order to evaluate the hazards, and then remove those hazard or minimize the level of its risk thus by adding control measures. Thus, through this one creates a safer and healthier workplace.
The hazard identification and the risk assessment helps one in recognizing and controlling the hazards in the workplace. Thus, one should create awareness regarding this to their employees and use it as a training tool.
Hence, risk management standards are set based on acceptable safe practices.
The given question is incomplete, the complete question is-
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance.
Be sure to mention important factors such as the influence of the business's location, the number of employees, and the industry they are in their workplace.
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An account invested in a money market fund grew from $ to $ in a month. What was the annual interest rate?.
For an account invested in a money market fund grew from $73,330.76 to $73,624.98 in a month, The annual interest rate, determined by future value simple interest formula, is 4.8%
Simple interest is based solely on the principal amount of a loan, while compound interest is based on the principal amount and the accumulated interest. Assuming a simple interest for this investment.
The future value simple interest formula is expressed as:
A = P(1 + rt)
Where,
P = Present Value (Initial investment) =73,330.76
A = Future Value = 73,624.98
r = rate of interest = ?
t = time in years. = 1/12
Substituting,
A = P(1 + rt)
73624.98 = 73330.76 (1 + r*1/12)
73624.98/73330.76 = 1 + (r/12)
1.00401223 = 1 + (r/12)
r/12 = 1.00401223 - 1
r/12 = 0.00401223
r =0.04814 or 4.8%
Hence, the interest rate would be 4.8%
Note: It is an incomplete question. The question: An account invested in a money market fund grew from $73,330.76 to 73,624.98 in a month. What was the interest rate to the nearest tenth?
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true or false? in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer
This statement is False, in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer.
The goal of need satisfaction selling is to satisfy the customer. The salesperson investigates the needs of the customer, both their spoken or stated wants and their unspoken or implicit needs, and then plans his sales pitch or presentation accordingly.
This method also goes by the name of need fulfillment. For instance, providers of set-top boxes like Tata Sky, Sun Direct, and others practice need satisfaction selling. To accommodate the needs of various consumer types, they provide several packages. They also provide unique bundles that let the customer select the channels they want based on their interests and then receive that specific package. Here is where need fulfillment selling is relevant.
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ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what is the revenue trend percent for years 2 and 3?
Sales for Base year = $410,000
Sales for year 2 = $460,000
Sales for year 3 = $510,000
Revenue Trend percentage for year 2
= {($460,000 - $410,000) / $410,000} * 100
= 12.19%
Revenue Trend percentage for year 3
={($510,000 - $410,000) / $410,000} * 100
= 24.39%
Therefore, Ash's company's revenue growth from base year 1 to year 2 was 12.19% and to year 3 is 24.39%
Revenue Trend Percentage = [(Current period value - Base period value) / Base period value] * 100.
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in the context of the changes affecting leadership in an organization, ronald heifetz argues that a new mode of leadership is needed because .
in the context of the changes affecting leadership in an organization, Ronald Heifetz argues that a new mode of leadership is needed because . we are in a permanent state of crisis.
What is Heifetz perspective?Today's perception of leadership is considerably different from what it was in the past. It is seen as obsolete to believe that a hero can enforce his resolve to achieve objectives on his own. Today, leadership is viewed as a team sport.
Managers of businesses and other individuals in leadership roles now collaborate with their staff members to achieve goals and bring about change.
Heifetz contends that effective leadership requires the use of power to assist followers in resolving the conflicts of values that arise in social and professional contexts that are undergoing fast change. It takes an ethical stance because it considers workers' values. "Adaptive leadership is the art of inspiring others to take on difficult situations and succeed". However, given how unpredictable and chaotic the business environment can be, executives frequently discover
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retained earnings of $100,000 represent a corporation's cumulative earnings blank and is shown on the blank . multiple choice question. declared; statement of retained earnings and income statement in cash; balance sheet not paid out by dividends; balance sheet and statement of retained earnings
Balance sheet and statement of retained earnings.
What is Balance sheet ?In accounting, a balance sheet refers to the summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. First, assets, liabilities, and equity are listed as of a particular date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." Of the four basic financial statements, the balance sheet is the only financial statement that relates to a specific point in the company's calendar year. A typical corporate balance sheet has two pages. Assets on the left and Funding on the right. debt and equity. The major categories of assets are usually listed first, usually in order of liquidity. Assets are followed by liabilities. The difference between assets and liabilities is called the company's equity or net worth or net worth or equity, and according to the accounting equation, net worth should be equal to assets minus liabilities.To learn more about Balance sheet from the given link :
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on july 1 of the current calendar year, plum company paid $8,200 cash for management services to be performed over a two-year period beginning july 1. the adjusting entry on december 31 of the current year for plum would include:
A debit to an expense and a credit to a prepaid expense for $2,050.
8200 × 6/24 = $2050.
Debit method access is recorded for a fee made or owed. A debit entry is generally made on the left side of a ledger account. So, when a transaction takes place in a double-entry machine, one account is debited whilst some other account is credited.
'Debit' is a formal bookkeeping and accounting time period that comes from the Latin word debate, which means "to owe". The debit falls at the fine aspect of a balance sheet account, and on the negative side of an end result in the object.
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automatic stabilizers have the effect of group of answer choices inflation. increasing the long-run supply curve. reducing recessionary gaps. eliminating all recessions.
Automatic Stabilizers are frameworks included in government spending that, without the consent of officials, increase or decrease spending whenever growth is faltering.
• The most well-known mandatory stabilizers appear to be rising personal income contributions and payment plans that include things like retirement benefits or government aid.Automatic stabilizers are adjustments to taxes and spending that take place automatically in response to changes in the economy and replicate discretionary fiscal policy.As more people become eligible for various programs, transfer payments, as one example, generally rise during recessions. As recipients of transfers boost their consumption, overall demand rises. The same objective of raising aggregate demand may be pursued via discretionary fiscal policy during a recession.The fact that automatic stabilizers operate automatically and discretionary fiscal policy necessitates government action is a significant distinction.
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44. jerry was in a big hurry to get to school because he had a group project presentation that day. he was driving north on temple avenue approaching university avenue in pomona. he saw the light turn from yellow to red and he drove faster since he honestly thought he could reach the intersection before any pedestrians began to cross the road. however, as jerry drove through the intersection he struck a pedestrian, peter, who was legally crossing the street. due to this incident, peter was seriously injured. peter sued jerry for damages. what would be the best category of tort for jerry's actions? a. intentional tort, because jerry knew that the light was red when he crossed the intersection. b. product liability, because jerry was using a mass-produced product (a car) when peter was injured. c. negligence, because car accidents are usually caused by carelessness. d. strict liability, because jerry ran the red light which is a violation of the california vehicle code.
The best category of tort for jerry's actions is negligence, because car accidents are usually caused by carelessness.
A tort is a civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the tortious act's perpetrator. Tort law differs from criminal law in that it deals with criminal wrongs that are punishable by the state.
Tort law's primary goals are to provide relief to injured parties for harm caused by others, to hold parties responsible for the harm accountable, and to deter others from committing harmful acts.
Hence, the correct answer is "C"
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