Median American wealth, because the median is less sensitive to outliers
What is Median American wealth?The average net worth of an American is $121,760.
According to the Federal Reserve, the median net worth of Americans in 2019 was $121,760. This represents a $30,000 increase over 2010, however it remains lower than the median wealth recorded in 2007, 2004, and 2001, all prior to the 2008 recession.
In 2022, the average net worth of a 60-year-old in America will be around $200,000 per person. The typical net worth of an above-average 60-year-old who is particularly focused on his or her finances is closer to $2,000,000.
The average net worth of people aged 65 to 74 is $1,217,700 (with a median net worth of $266,400). Many people have retired at this stage, or have recently retired if they are at the beginning of the age bracket.
To learn more about Median American wealth from the given link:
https://brainly.com/question/14118283
#SPJ4
Describe some of the unique features of corporations, relative to other typical business forms
Features of the corporation are limited liability, unlimited life, separate legal entity, transferability of ownership, capacity to control, etc.
Organization are entities that are legal to perform a business, that has their very own rights and responsibility. The organization is a legal entity that has a separate prison entity from its proprietors, the organization is to be handled as someone. The difference between the employer and someone is that a business enterprise cannot vote, or vote as a man or woman.
Limited liability attribute –The stockholders have a restricted liability in the direction of the organization. limited liability implies that the stockholder can not be held answerable for the act and debt of the company. The separate legal entity way that a man or woman shareholder cannot act on behalf of the complete organization.
Perpetual life attribute -An employer has an endless existence, that is according to the going challenge principle of accounting. The agency does no longer capture to exist if the shareholder or any of its members dies. there's a regulation of succession that applies to the groups.
Learn more about Limited liability here brainly.com/question/9503055
#SPJ4
Naming a contigent beneficiary aswell as surviving children is described by which term?
Naming a contigent beneficiary aswell as surviving children is described by class beneficiary designation.
This class beneficiary designation may prevent disinheriting children who arrive after the policy has been issued
A designated beneficiary is that person who inherits an asset such that the balance of an individual retirement account of him or life insurance policy after the death of the asset's owner is owned to him.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act has made the rules for designated beneficiaries very narrow when it talks about the required withdrawals from inherited retirement accounts.
The new rules are applied to the beneficiaries of account owners who had died after December 31, 2019.
To know more about class beneficiary designation here:
https://brainly.com/question/15582415
#SPJ4
A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. this is an example of__________?
A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. this is an example of a credible threat.
A credible threat is one in which there is a real possibility that the member may soon do serious physical harm to other people (including death), and that possibility cannot be completely eliminated by changing any existing rules, norms, or practices.
A system holding State data or a product delivered by the Consultant that has an exploit that a person with knowledge of information technology security believes may be used to compromise one or more parts of the system constitutes a credible danger.
To learn more about Credible Threat here
https://brainly.com/question/20226868
#SPJ4
Jane’s offer of $310,000 was accepted, but the appraisal just came in at $300,000. jane plans to finance $250,000. What's the loan-to-value ratio?
The loan-to-value ratio will be 83.33%, if she plans to get a loan of $250,000 and her appraised property value is $300,000.
Before granting a mortgage, banking institutions and other lenders will evaluate the risk involved by calculating the loan-to-value ratio (LTV). This ratio is helpful in determining the level of risk associated with lending.
In order to determine a property's loan-to-value ratio, just divide the total amount of the loan by the most recent appraised value of the property.
LTV ratio = MA/APV
where:
MA stands for "Mortgage Amount."APV is an abbreviation for appraised property value.In the mentioned scenario: the appraised value of the property is $300,000, but the loan amount is just $250,000. If this is the case, the loan-to-value ratio will equal 83.33% ($250,000 divided by $300,000).
To learn more about loan-to-value ratio refer to:
https://brainly.com/question/24179651
#SPJ1
The most rigorous test of a firm's ability to pay its short-term obligations is its?
The working capital ratio is a measurement of a company's short-term capability of paying its financial obligations.
The working capital turnover ratio measures how efficaciously a business makes use of its operating capital to supply sales. A better ratio indicates greater efficiency. In preferred, an excessive ratio can assist your employer's operations to run greater easily and limit the want for added funding.
The working ratio measures a corporation's potential to recover running expenses from annual sales. It's miles calculated by taking general annual fees, aside from depreciation and debt-related charges, and dividing it by the yearly gross income.
The current ratio, also known as the working capital ratio, gives a short view of an enterprise's financial health. You could calculate the current ratio by taking contemporary assets and dividing that discern by means of current liabilities. A ratio above 1 way current belongings exceed liabilities.
Learn more about business here: https://brainly.com/question/24448358
#SPJ4
A bond is the issuer's written promise to pay the _____________ of the bond with interest.multiple choicemarket valuepar valueinterest value
A bond is the issuer's written promise to pay the par of the bond with interest. multiple choice market value par value interest value.
A bond is the issuer's written promise to pay the par value of the bond plus interest. The face value of a bond, also known as face value or face value, is paid on a specific future date known as the bond's maturity date. For most bonds, the issuer is required to pay interest semi-annually.
In the contract between the borrower (company) and the lender (investor), the borrower pays the specified amount of interest for each period and promises to repay the principal on time.
A bond agreement is a legal document that sets out the rights and obligations of both parties. Issuing company and creditor. It is intended to address all issues related to bond issuance, including: As collateral and call charges.
Learn more about bond at
https://brainly.com/question/25965295
#SPJ1
According to the 50-30-20 Rule, you should plan on spending 30 percent of
your income on.
O A. wants
O B. goals
O
OD. entertainment
C. needs
According to the 50-30-20 Rule, you should plan on spending 30 percent of your income option A. wants
The 50/30/20 rule of thumb is a tenet for allocating your finances as a consequence: 50% to “needs,” 30% to “wishes,” and 20% to your economic dreams. the rule became popularized in an ebook by way of Elizabeth Warren and her daughter, Amelia Warren Tyagi. Your chances can also want to be adjusted primarily based on your private situations.
For individuals who don't know, the 50-30-20 budget plan is an American concept that seeks to shop cash and finance your cash neatly. After taxes, your income has to be divided into: 50% on crucial desires; 30% on needs; and 20% on paying off your debt or putting aside price range in case of an emergency.
The 50/30/20 rule is a clean budgeting approach that can help you to manipulate your money correctly, virtually, and sustainably. The simple rule of thumb is to divide your month-to-month after-tax profits into three spending categories: 50% for desires, 30% for desires, and 20% for financial savings or paying off debt.
Learn more about income here: https://brainly.com/question/25745683
#SPJ1
Answer: 20% of your income will be spent on GOALS
Explanation: i took the test.
If the reserve ratio is 5% and the change in reserves is $10 billion, then the money multiplier is _____ and the change in the money supply is _____. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices 1; $5 billion 20; $200 billion 12.5; $187.5 billion 5; $40 billion
The money multiplier is 20 and the change in the money supply is $200 billion.
What is the money multiplier and change in money supply?
The money multiplier is the inverse of the reserve ratio. Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply.
Money multiplier = 1 / reserve ratio
1/5%
1 / 0.05 = 20
The change in money supply is the product of the money multiplier and the change in reserve.
Change in money supply = money multiplier x change in reserves
20 x $10 billion = 200 billion
To learn more about reserve ratio, please check: https://brainly.com/question/6831267
#SPJ1
Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
current account and 2 years after acount are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
In the eyes of clients and managers, the most essential public relations task is?
In the eyes of clients and managers, the most essential public relations task is (C) coordinating interviews for their executives with the media.
What are public relations tasks?Preparing and delivering presentations and press releases dealing with inquiries from the general public, the press, and other organizations coordinating and participating in promotional activities such as press conferences, open days, exhibitions, tours, and visits public speaking in interviews, news conferences, and presentationsA Public Relations Officer responds to media inquiries for information. They strive to maintain an organization's or client's positive image. They can accomplish this by creating marketing materials such as newsletters, social media updates, and press releases.In the eyes of clients and management, the most important public relations responsibility is scheduling media interviews for their executives.Therefore, in the eyes of clients and managers, the most essential public relations task is (C) coordinating interviews for their executives with the media.
Know more about public relations tasks here:
https://brainly.com/question/20313749
#SPJ4
The complete question is given below:
In the eyes of clients and managers, the most essential public relations task is ________.
(A) placating executives with easy practice questions
(B) setting an agenda for meetings
(C) coordinating interviews for their executives with the media
(D) easing discomfort with their personal appearance
Dress for success, inc., had policy requiring male salespersons wear business attire, including dress pants, button-down shirt, and a tie. the company required female salespersons to wear a smock (a light, loose garment worn for protection of clothing while working) in order for clients to identify them easily. sharon riddle and other female salespersons refused to wear a smock. they showed up to work wearing business attire instead, and dress for success suspended them. after multiple suspensions, the female associates were fired for violating dress for success' dress code policy. all other employment conditions, including wages, working hours, and benefits, were equal for male and female associates. issue: was the dress code discriminatory? why or why not? how do you rule in this case?
Dress for Success, Inc. is justified in the suspension and the ultimate sacking of Sharon Riddle and other female salespersons. The US stipulates that it is at the discretion of the company to choose whether to allow the employees to choose their dress codes of personal preference or dress while applying the company’s policies, therefore, the company was justified in its actions.
What is dress codes?A dress code is a set of rules, usually written down, that govern what clothing groups of people must wear. Dress rules are founded on social views and customs, and they vary depending on the purpose, circumstances, and events.
Dress rules are used to communicate to employees what is considered proper work wear by the organisation. A dress code or appearance policy allows an employer to set expectations about the image the company intends to project.
Students' [clothes] will only have an impact on learning if they are dressed inappropriately, according to senior Alyse Madsen. "Strict dress regulations limit students' freedom of expression and create a drab environment with little innovation." "
To know more about dress codes follow the link:
https://brainly.com/question/7290313
#SPJ4
In the ocean, the greatest amount of heat from incoming solar radiation would transfer to ___
In the ocean, the greatest amount of heat from incoming solar radiation would transfer to the top 10 cm of the surface.
Solar radiation often referred to as solar resources or simply sunlight, is the general term for electromagnetic radiation emitted by the sun. Solar radiation can be captured using a variety of technologies and converted into useful forms of energy such as heat and electricity.
The portion of the spectrum reaching the Earth from the Sun is between 100 nm and 1 mm. This band is divided into three regions: ultraviolet, visible, and infrared.
Radiation can alter the cardiovascular system, damage the heart, harden and constrict arteries, and remove some of the cells lining the blood vessels, causing cardiovascular disease. Radiation exposure can interfere with neurogenesis, the process of forming new cells in the brain.
Learn more about solar radiation here: https://brainly.com/question/3005929
#SPJ4
True or false: Hypothesis-driven analysis lets a firm move very quickly and make changes in rapid fashion to react to customers.
This is true that Hypothesis-driven analysis lets a firm move very quickly and make changes in a rapid fashion to react to customers.
In hypothesis-driven thinking, the problem is presupposed early on in the process. Your best, most knowledgeable guess for solving a puzzle is a hypothesis. It shouldn't just be an educated guess; rather, it should be supported by prior data analysis or experience.
A product can be developed, tested, and rebuilt by product designers using the hypothesis-driven development prototype technique until the users are satisfied. It is an iterative process that investigates project-related assumptions and seeks to validate them through user input.
The majority of scientific study is hypothesis-driven. That is, it aims to answer a question that is precise, quantifiable, and answerable, even though it may be a step between it and the ultimate goal.
Complex problem resolution is greatly facilitated by hypothesis-driven approach. It is simpler to formulate and test hypotheses when the problem is divided into smaller components. And you may determine whether your hypothesis was accurate by examining the outcomes.
To know more about hypothesis refer to: https://brainly.com/question/1281872
#SPJ1
When you receive an offer on a listing for less than asking price, you should not:________.
When you receive an offer on a listing for less than asking price, you should not give the sellers the price over the phone so that they can think about it before you meet with them.
Why would a seller accept a lower offer?
Your cheap offer will probably be rejected if the sellers want to maximize their profit potential in the competitive market of today. However, if the sellers are in financial difficulty, the property was an inheritance, or they have already closed on another house, they might be more willing to accept less.
What happens if you offer more than the asking price?
Having to withdraw from a contract you overbid on could result in the loss of your earnest money deposit, depending on your timing and contingencies. Your mortgage lender may reject your loan application or provide you authorization for a sum insufficient to cover your offer.
Learn more about asking price: https://brainly.com/question/13056190
#SPJ4
Monetary payments made by individuals, firms ,and governments for the use of others' land, labor, capital, and entrepreneurial ability are?
Monetary payments made by individuals, firms, and governments for the use of land, labor, capital, and entrepreneurial ability owned Explicit Cost (also known as accounting costs).
What is Explicit Cost ?Explicit cost refers to the cost incurred on account of purchase of factor and non factor inputs from the market.
Explicit cost is a payment made to others during the course of running a business that represents the outflows of cash in clear and obvious terms. Explicit costs include things like wages, mortgage, rent, utilities, advertisements, raw materials and other general, administrative and sales costs.
The condition of explicit costs is that it must be cash. If an accountant included amortization or depreciation under explicit costs, it would be inaccurate.
Here is a look at how explicit costs are calculated:
Explicit costs = cash outflows from the company's financial statement
Learn more about Explicit Cost on:
brainly.com/question/14903316
#SPJ4
Strategic ______ involves monitoring the execution of strategy and taking corrective action when necessary.
Answer is strategic control.
Strategic control is a means of overseeing a strategic plan's execution. It is unique in the management process since it can handle the unknown and ambiguous while tracking the implementation of a plan and its subsequent consequences.
Strategic controls are meant to lead the firm in the direction of its long-term strategic goals. Following the selection of a strategy, it is applied throughout time to steer a corporation in a rapidly changing environment. Strategies are forward-looking and depend on management assumptions about several unanticipated outcomes.
Traditional control methods strive to compare actual results to a standard. When the job is completed, the manager reviews it and utilizes the results to guide future efforts.
Therefore, the answer is strategic control.
To know more about strategic control click here:
https://brainly.com/question/16691030
#SPJ4
Scientific research can be described as a systematic and organized effort to investigate a specific problem encountered in the work setting, that needs a solution.
a. True
b. False
Scientific research cannot be described as a systematic and organized effort to investigate a specific problem encountered in the work setting, that needs a solution
Scientific researchResearch conducted to contribute to science by the routine collection, performance, and evaluation of data and that, too, in a planned way is called scientific research: an investigator is the one who conducts this research.
It is called theoretical research. The study of some natural phenomenon, relating to pure science is termed basic research. Basic research occasionally may not lead to immediate use or application.
Depending on the objective of the research, scientific research projects can be divided into three types:
exploratory, descriptive, and explanatory.
To learn more about Scientific research visit the link
https://brainly.com/question/6139379
#SPJ4
Visitors can go directly to the advertised website by cliicking an ad in a process called?
Visitors can go directly to the advertised website by clicking an ad in a process called click-through.
Click-through is an the act performed by a visitor by clicking on an advertisement or other link to go to another website. Often a user while browsing on the net, in order to know more about a particular topic click-through a particular website link.
The click-through is often the most immediate response to an advertisement, it is not the only interaction. Visitors may choose to type a company’s URL directly into the browser bar, or type the company’s name into a search engine box.
Hence, this process is called click-through.
To learn more about click-through here:
https://brainly.com/question/9263978
#SPJ4
The capm predicts that the difference in return between stock a and stock b should be due only to the difference in the ______ of the two stocks. multiple choice question.
The capm predicts that the difference in return between stock a and stock b should be due only to the difference in the beta of the two stocks.
What is beta?The volatility of a stock in proportion to the market as a whole is measured by its beta. The S&P 500 Index, for example, has a beta of 1.0 by definition, and individual companies are graded according to how much they depart from the market.A stock with a beta above 1.0 fluctuates more than the market over time. A stock's beta is less than 1.0 if it moves less than the market.Low-beta stocks carry less risk but have lower potential returns while high-beta stocks are considered to carry greater risk but have larger potential returns.
Know more about Beta with the help of the given link:
https://brainly.com/question/20598437
#SPJ4
Higher or lower social status delivers higher or lower positional _____________ to consumers.
It delivers higher or lower positional values.
A person's social standing is the degree of social worth that they are seen to have. It refers to the amount of respect, honor, presumed competence, and deference afforded to individuals, groups, and organizations in a community.
Social standing is significant because it provides customers with positional value. This means that their social standing lifts certain customers above others. Social class members are often homogenous in character. Social perception is a critical factor that determines an individual's purchasing behavior.
Therefore, the blank is to be filled by positional values.
To know more about social status click here:
https://brainly.com/question/17301617
#SPJ4
When different businesses promote similar products that differ in some characteristics but satisfy the same consumer need, the competitive environment is most likely to be:______.
When different businesses promote similar products that differ in some characteristics but satisfy the same consumer need, the competitive environment is most likely to be a monopolistic competition.
What is monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes. Numerous rival businesses compete to sell, advertise, and price goods like dish soap and hamburgers.
Know more about monopolistic competition with the help of the given link:
https://brainly.com/question/9357139
#SPJ4
In the context of internet marketing research issues, the marketing research association (mra) suggests that _____.
Answer:
websites post a privacy policy to describe the ways in which data are used.
Explanation:
In the context of internet marketing research issues, the marketing research association (MRA) suggests that websites post a privacy policy to describe the ways in which data are used.
Online marketing, also known as internet marketing or web advertising, is a form of marketing that uses the internet to deliver promotional messages to customers through digital channels such as search engines, email, websites, and social media.
Learn more about internet marketing here: https://brainly.in/question/3962931
#SPJ1
In the context of internet marketing research issues, the marketing research association (mra) suggests that website post a privacy policy to describe the way.
In terms of privacy legislation, a privacy policy is a declaration or legal document that outlines how a party collects, uses, discloses, and maintains customer or client data. Personal information includes anything that can be used to identify a specific person, including but not limited to that person's name, address, date of birth, marital status, contact information, ID issue and expiration date, financial records, credit information, medical history, place of travel, and intentions to purchase goods and services. Obtaining a free privacy policy just takes a few minutes.
Learn more about privacy policy here:
https://brainly.com/question/21450356
#SPJ4
Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
Lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is motivation ?Motivation is the reason why humans and other animals begin, continue, or discontinue an activity at any particular time. Motivational states are typically viewed as internal forces that induce a desire to engage in goal-directed conduct.
The Three Kinds of Motivation
Extrinsic. Performing an action in order to achieve or prevent a specific result. Many of the things you perform every day are probably extrinsically driven. ...
Intrinsic. Internal motivation for success or a sense of purpose... Family. Motivated by a desire to provide for your family.
Motivation will assist him in achieving his personal objectives. Individuals who are motivated will be satisfied with their jobs. Individual self-development will benefit from motivation. Working with a dynamic would always benefit an individual.
To know more about motivation follow the link:
brainly.com/question/6853726
#SPJ4
Return on equity is net income minus taxes divided by ______. multiple choice question. common stock outstanding total owners' equity current liabilities net sales
Return on equity is net income minus taxes divided by total owners' equity (second option).
What is return on equity?Return on equity is type of financial ratio. Financial ratios are information gotten from the financial statements of a company and used to make certain predictions and conclusions about the company.
Return on equity is used to make predictions about the profitability of a company. It is an example of a profitability ratio. Profitability ratios measure the ability of a firm to generate profits from its asset
Return on equity is the net income of a company divided by the average total equity. The net income is derived from the income statement and the average total equity is derived from the balance sheet.
Return on equity = net income / average total equity
To learn more about financial ratios, please check: https://brainly.com/question/26092288
#SPJ1
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the:_______
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.
The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.
A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.
The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.
Learn more about financial perspective at
https://brainly.com/question/14901320
#SPJ4
Question 6(Multiple Choice Worth 4 points)
(01.08 LC)
Which of the following is a benefit to the consumer who pays the minimum required payments on a credit card?
O Avoid paying late fees
O Pay off the balance quicker
O Save on taxes owed on the debt
O Eliminate compounding interest
Answer:
B. Pay off the balance quicker.
Explanation:
Learn more here:
https://www.forbes.com/advisor/credit-cards/credit-card-minimum-payments/
Check this to make this answer is correct.
Hope this helps!
The correct option is A. Avoid paying late fees is a benefit to the consumer who pays the minimum required payments on a credit card. Reduces the chance of incurring a late payment fee. improved financial management, especially during times of financial difficulty. prevents the credit card companies from flagging your account as unusual while keeping it active.
How is a minimum payment determined?Your monthly minimum credit card payment is determined by your interest rate and outstanding balance, and it may vary from month to month depending on how your balance shifts. A minimum payment is effectively the smallest sum that the bank will take each month in the settlement of your balance.
Even if it can seem insignificant, it's beneficial for you to at least pay the required minimum. By doing this, you can avoid incurring late fees and having a missing payment reported to the credit reporting agencies by your lender.
Learn more about Minimum Payment here:
https://brainly.com/question/3347812
#SPJ2
The economic or productive potential of employee knowledge, experience, and actions is referred to as.
The economic or productive potential of employee knowledge, experience, and actions is referred to as. Human capital.
What is potential of employee?Out of the six markers described in this article, ability, engagement, and aspiration are the most important for identifying employees with high potential. In terms of business, personal growth, inner drive, and dedication to the company, these cover the knowledge, expertise, and attitudes of employees. The greatest method to really understand the skills, priorities, and mindsets of your staff is through workplace personality testing.
How do you recognize potential in employees?
gifted for their position.eager to seize leadership positions.supportive of the corporate culture.emotional intelligence and empathy.tolerant of stress.cooperative employees that excel in groups.able to operate independently and with initiative.regarded and trusted by their peers.To learn more about potential in employees from the given link:
https://brainly.com/question/17237301
#SPJ4
If a tax is levied on the sellers of a product, then the demand curve will a. become flatter. b. not shift. c. shift up. d. shift down.
If a tax is levied on the sellers of a product, then the demand curve will become flattered.
Option A. becomes flattered.
If a tax is levied on sellers of a product, then the supply decreases, the supply curve will shift to the left. The demand curve will not shift. This is shown in the following figure;
S+tax Price E1 pl p 0 q1 q Quantity х
In the above figure, the x-axis shows quantity and the y-axis shows the price. D is the demand curve and S is the supply curve. As a result of the tax, the supply curve will shift to the left. The price increases from p to p1 and quantity decreases from q to q1.
Learn more about levied at
https://brainly.com/question/3853375
#SPJ1
The strategic planning and budgeting of short- and long-term funds for current and future needs is called ________ management.
The strategic planning and budgeting of short- and long-term funds for current and future needs is called financial management.
The heart of financial management is creating a business plan and keeping all departments on track. Sound financial management allows the CFO or VP of Finance to provide data to create a long-term vision, make informed decisions about where to invest, how those investments are financed, and liquidity It can provide insight into profitability, profitability, liquidity, and more.
ERP software helps finance teams achieve the following goals: A financial management system combines multiple financial functions such as accounting, asset management, revenue recognition, and payment processing. By integrating these key components, financial management systems provide real-time visibility into a company's finances while facilitating day-to-day operations such as B. Period End Closing Process.
learn more about financial management here: https://brainly.com/question/989344
#SPJ4
Please help solve tommy has been using the same machines to make its name brand clothing for the last five years. A cost efficiency consultant has suggested that production costs may be reduced by purchasing more technologically advanced machinery. The old machines cost the company $100,000. The old machines presently have a book value of $60,000 and a market value of $6,000. They are expected to have a five-year remaining life and $1,000 salvage value. The new machines would cost the company $50,000 and have operating expenses of $10,000 a year. The new machines are expected to have a five-year useful life and $6,000 salvage value. The operating expenses associated with the old machines.
The operating expenses associated with the old machines $40,000.
What is operating expenses?An operating expense, operating expenditure, operational expense, operational expenditure, or opex is a cost that is incurred on a regular basis when a product, business, or system is operated. A capital expenditure, on the other hand, is the expense of developing or providing non-consumable pieces for the product or system.
The continual expenses incurred by the routine day-to-day operations of a business are referred to as operating costs. Running expenses comprise both costs of goods sold (COGS) and other operating expenses, which are sometimes referred to as selling, general, and administrative (SG&A) expenses.
There are three types of operating expenses: office, compensation, and sales and marketing-related expenses. Office-related expenses are incurred in conventional office environments and frequently include items such as office supplies, property taxes, rent, and insurance.
To know more about operating expenses follow the link:
https://brainly.com/question/14697297
#SPJ4
