SLN function is used to calculate depreciation in excel using the straight line method.
Depreciation function in excelA decrease in the selling price or an impairment in the value of an asset in economic terms is known as depreciation. In Microsoft Excel there are several functions that are used to calculate depreciation/depreciation values using several methods such as SLN (Straight Line Depreciation), SYD (Sum of Year's Digits), DB (Fix Declining Balance), DDB (Double Declining Balance) and VDB (Variable Declining Balance).
Excel's SLN functionThe SLN (Straight Line) function generates costs/expenses for depreciation or depreciation of fixed assets using the Straight Line method. Use of this method will result in the same depreciation charge for each accounting period (unless there is an adjustment) over the useful life. This function has the following writing form:
=SLN(cost;salvage;life)
Where:
> Cost the acquisition price of fixed assets.
> Salvage residual value, namely the predicted value of fixed assets at the end of their useful or economic life.
> Life the economic age or useful life of the asset (in years).
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_____________ is a system of computing the cost of production or of running a business by allocating expenditures to various stages of production or to different operations of a firm.
costing
Costing is a system of computing the cost of production or of running a business by allocating expenditures to various stages of production or to different operations of a firm.
Costing is any system for allocating costs to a business component. Customers, distribution channels, employees, geographic regions, products, product lines, processes, expenditures, and entire companies are typically costed firm. Costing is the process by which an entrepreneur determines or calculates the cost of producing or selling each individual product (goods or service). WHY IS COST BEFORE PRICING IMPORTANT? To be able to set a fair and competitive price for the product.
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Depreciation: an accounting process that recognizes certain types of property decline in value over time due to wear and tear or obsolescence and recognizes this property must eventually be replaced.relevance: relevance to earnings is hard because it is malleable.Companies can raise or lower its reported earnings by using the latitude of assuming shorter or longer average lives for its depreciable assets.
Depreciation is the estimated decrease in value of fixed assets over the course of a fiscal year.
What is meant by depreciation?Depreciation is the estimated decrease in value of fixed assets over the course of a fiscal year. Large lump sum purchases are made for tangible things like real estate, machinery, vehicles, and so forth.
Due to usage, deterioration, or obsolescence, an asset loses value over time. The unit of measurement for this drop is depreciation. Depreciation is the measurement for this decline. Depreciation, or a decline in asset value, can be brought on by a variety of additional factors, such as unfavorable market conditions, etc.
What is the argument against depreciation's applicability?Relevance to earnings is hard because it is malleable. Companies can raise or lower its reported earnings by using the latitude of assuming shorter or longer average lives for its depreciable assets.
The complete question is : What is depreciation and what is the objection to the relevance of depreciation when calculating earnings?
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n november the labor force in siouxtown, was 14,800. there were 14,483 persons employed. the local unemployment rate: was 1.2%. was 2.1%. was 5.6%. was 7.1%.
The local unemployment rate was 2.1%. Unemployment Rate: the percentage of unemployed people divided by the labour force. The unemployment rate is the proportion of people in the labour force who are out of work.
As a result, calculating the unemployment rate necessitates determining who is in the labour force. People in the labour force are either employed or unemployed. Cyclical unemployment is caused by low consumer demand. When demand falls, businesses lose too much profit. They must lay off workers if they do not expect sales to improve anytime soon. Higher unemployment reduces consumer demand even further, which is why it is cyclical.
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Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint: Not all information may be necessary. b. Use the above information from a service company and from a merchandiser to compute net income.
The overall cost incurred by the business entity in the items preserved as finished goods is defined by the cost of goods offered for sale. The starting inventory and closing inventory are used in the calculation.
What exactly do you mean by "business"?
The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. While non-profit organizations pursue a philanthropic goal, for-profit ones operate with the goal of making a profit.
What is the best type of business?
However, forming a company is more expensive than using another type of structure. Corporations provide the strongest protection for their owners from personal liability. The record-keeping, operational procedures, and reporting requirements for companies are also more extensive.
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implementation of the marketing concept requires a firm to obtain information on what customers' needs are and how those needs are being met by products currently on the market.
"Implementation of the marketing concept requires a firm to obtain information on what customers' needs are and how those needs are being met by products currently on the market." This statement is True.
information is a summary idea that refers to that which has the strength to inform. on the most fundamental degree data pertains to the interpretation of that which can be sensed. Any natural manner that isn't always absolutely random and any observable pattern in any medium may be said to deliver some amount of statistics. while digital alerts and other records use discrete symptoms to carry records, different phenomena and artifacts which include analog alerts, poems, pics, track or different sounds, and currents convey data in a greater continuous shape.[1] records is not know-how itself, however, the meaning that can be derived from a representation through interpretation.
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Farmer McDonald sells wheat to a broker in Kansas City, Missouri. Because the market for wheat is generally considered to be competitive, Mr. McDonald maximizes his profit by choosing...
the quantity at which market price is equal to Mr. McDonald's marginal cost of production.
Wheat is sold by Missouri farmer McDonald to a broker in Kansas City. Since the wheat market is often thought to be competitive, Mr. McDonald makes the most of...
What countries cultivate wheat?
The Northern Hemisphere's temperate regions are where the majority of the world's wheat is farmed. In regions with warm winters, such as North Africa, Pakistan, India, Mexico, South America, and Australia, spring wheat is grown. In the majority of the United States, Europe, and China, winter wheat is sown in the fall.
Is wheat cultivation considered agriculture?
In terms of planted acreage, production, and gross farm income, wheat trails only maize and soybeans among U.S. field crops. According to estimates, American farmers will have produced 1.65 billion bushels of winter, spring, and summer crops in 2022–2023.
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why key economic problem did marx identify, where did it come from, and how did marx believe that it could be solved? g
Karl Marx argued that the free market's chaos and excess labor are the two main aspects of capitalism that lead to exploitation.
Karl Marx, a radical philosopher, and economist from Germany are credited with developing Marxism. His friend and partner Friedrich Engels also made significant contributions.
Karl Marx's core beliefs criticized capitalism and its shortcomings. Marx believed that capitalism will eventually self-destruct. A classless society would be established as a result of the alienated, downtrodden workers' eventual defeat of the owners and takeover of the means of production.
Marx believed that capitalism will eventually self-destruct. A classless society would be established as a result of the alienated, downtrodden workers overthrowing the owners and seizing control of the means of production themselves.
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Which of the following statements is CORRECT?a. Cannibalization, as described in the text, is a type of externality that is not against the law, and any harm it causes is done to the firm itself.b. If cannibalization exists, then the cash flows associated with the project must be increased to offset these effects. Otherwise, the calculated NPV will be biased downward.c. If a firm is found guilty of cannibalization in a court of law, then it is judged to have taken unfair advantage of its competitors. Thus, cannibalization is dealt with by society through the antitrust laws.d. If cannibalization is determined to exist, then this means that the calculated NPV if cannibalization is considered will be higher than the NPV if this effect is not recognized.e. If a firm is found guilty of cannibalization in a court of law, then it is judged to have taken unfair advantage of its customers. Thus, cannibalization is dealt with by society through the antitrust laws.
Cannibalization, as described in text, is type of externality that is not against law, and any harm as it causes is done to firm itself is correct.
What is Cannibalization?A decrease in sales volume, sales revenue, or market share of one product when the same business launches a new product is known as cannibalization in marketing strategy. Through lower prices on their online product offers, some businesses in e-commerce purposefully cannibalize their retail sales. The discounted goods may sell to more customers than usual, especially if they were previously tied to retail prices. Consumers are more likely to choose the discounted item than the more expensive alternatives that are available. However, the effect will often fade after the promotion event is over and prices resume their previous levels. Although academics don't typically use the word "cannibalization" to describe such a situation, this momentary shift in consumer behavior can be regarded as cannibalization.
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equity valuation models based on dividends, cash flows, and earnings have been the topic of many theoretical and empirical research studies in recent years. all of the following are true regarding evidence from these studies except
Equity valuation models based unexpected changes in earnings do not correlate with changes in stock prices.
The research on the predictive power of dividends for three equity valuation factors—net earnings, cash flows from operations, and abnormal net earnings—is expanded in this paper. The following conclusions are drawn on data collected from 264 firms that traded on the GCC Exchange between 2006 and 2016. In order to estimate future net earnings, cash flows from operations, and anomalous net earnings, present dividends must first be value-relevant. Second, over the near term as opposed to the long term, current payouts are superior forecasters of these qualities. Finally, cash flows from operations and anomalous net earnings provide greater incremental information when describing the dividend policy than future net earnings and cash flows from operations, respectively. The consequences of these findings for prospective investors are significant. to understand the connection
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Equity valuation models based unexpected changes in earnings do not correlate with changes in stock prices.
The research on the predictive power of dividends for three equity valuation factors—net earnings, cash flows from operations, and abnormal net earnings—is expanded in this paper. The following conclusions are drawn on data collected from 264 firms that traded on the GCC Exchange between 2006 and 2016. In order to estimate future net earnings, cash flows from operations, and anomalous net earnings, present dividends must first be value-relevant. Second, over the near term as opposed to the long term, current payouts are superior forecasters of these qualities. Finally, cash flows from operations and anomalous net earnings provide greater incremental information when describing the dividend policy than future net earnings and cash flows from operations, respectively. The consequences of these findings for prospective investors are significant. to understand the connection
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jones co, produces 3 dolls. each doll has hair that is made of a special filament that is only available from one supplier. the filament sells for $4 per gram. tom wears a soccer uniform. sheila is in a wedding dress and requires some hand sewing. godiva has long hair. the budgeted selling price and costs for the 3 dolls are listed below: tomsheilagodiva selling price.............$25$40$35 direct labor..............$5$10$5 plastic (body)...........$3$4$4 fabric (clothes)........$2$3$0 hair.........................$2$4$10 variable overhead...$1$2$1 fixed overhead.......$4$8$4 total cost...............$17$31$24 profit per doll..........$8$9$11 the fixed overhead costs are all common fixed costs that are simply allocated among the product lines. the fixed cost per unit above assumed production and sales of 3,000 toms, 3,000 sheilas, and 4,000 godivas. assume there is unlimited demand for all three products. jones plans to produce 10,000 dolls. assuming that there are no constraints on any of the production resources, which doll should be produced to maximize net income for jones co.? a. tom b. sheila c. godiva
Godiva produced 88000 net income. Godiva should be produced more to generate more net income.
After taxes and other withholdings are deducted from your paycheck, your net income is the amount you keep. The money that remains after paying for business expenses is referred to as net income for firms.
To calculate net income, the formula used in business is revenues - expenses. Here's the net income of each doll.
Tom:
Net Income: Revenues - Expenses
(25 * 3000) + (8 * 3000) - (17 * 3000)
48000
Sheila
Net Income : ( 40 * 3000) + (9 * 3000) - (31 * 3000)
54000
Godiva:
Net Income: (35 * 4000) + (11 * 4000) - (24 * 4000)
88000
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donations made to a nonprofit organization are typically tax-deductible to individuals and businesses that make them, and the nonprofit itself pays no tax on the received donations or on any other money earned through fundraising activities.
A nonprofit organization's enterprise is a collection prepared for purposes aside from generating earnings and in which no part of the business enterprise's profits is shipped to its participants, directors, or officials.
A nonprofit corporation is one that qualifies for tax-exempt fame by the IRS due to the fact its mission and purpose are to in addition a social cause and offer a public benefit.
Nonprofit organizations include hospitals, universities, country-wide charities, and foundations. Apr 20, 2021Non-earnings charities get revenue from donations, presents, and memberships. they'll also get revenue from selling branded merchandise. A non-earnings business enterprise's costs may additionally include lease or mortgage payments.
Nonprofit personnel is paid in an equal manner that any employee is paid. They obtain a salary this is determined by means of their position and may receive bonuses based on their overall performance or any time beyond regulation they spend working beyond what's required of them.
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inca industries is considering two new machines. machine a will generate revenues of $160,000, have variable costs of $55,000, and fixed costs of $8,000. machine b will generate revenues of $140,000, have variable costs of $40,000, and fixed costs of $8,000. which machine should be selected and why?
Machine A should be selected because incremental net income will be $5,000 higher.
What is net income?In the world of business, net income is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period.
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in business is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
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You invest in the stock of Valleyview Corp. and purchase a put on Valleyview Corp. This strategy is called ____.
protective put
You buy a put on Valleyview Corp. and invest in the company's equity. The protective put is the name of this tactic.
By purchasing (or already holding) shares as well as put options, one might establish a defensive put position. In the above example, 100 shares are bought (or held) together with one put. The bought put offers protection below the strike price in the event that the stock price drops.
Investors use a protective put, a risk-management technique based on options contracts, to protect themselves from losing money on a stock or other asset. Protective puts offer downside protection from asset price falls in exchange for the cost of the premium, acting as an insurance policy.
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Why is it important to check bank statements on a regular basis?.
Answer:
By checking bank statements regularly you are checking what things need to be worked on and what things don't, ex: 1. how much money your putting into a business vs. how much money your making 2. how much money in loans have been taken out 3. what loans need paid 4. how much debt you have etc.
hich of the following best explains why companies are adopting the team selling approach to service large, complex accounts?
A group of salespeople assigned to one account is cost-effective for the corporation best explains why companies are adopting the team selling approach to service large, complex accounts.
A company, abbreviated as co., is a legal entity representing an affiliation of people, whether or not herbal, felony or a mixture of both, with a selected goal. business enterprise members percentage a common motive and unite to achieve particular, declared dreams.
An enterprise is a felony entity fashioned by means of a group of individuals to engage in and perform a business—industrial or industrial—business enterprise. An organization can be prepared in diverse approaches for tax and economic legal responsibility functions depending on the corporate law of its jurisdiction.
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Your organization wants employees to be less offensive, and it asked you to evaluate its diversity training program using an internal criterion. Three of the following questions would accomplish this goal. Which question does NOT represent an internal criterion?
Group of answer choices
Did trainees' behaviors related to diversity improve once they were back working at their jobs?
Did trainees enjoy the training?
Would trainees recommend the training to other employees?
Did trainees learn the training material?
Part of Sharon’s job is to check applicants’ references and do background checks. When would you recommend that Sharon do this?
Group of answer choices
30 days after an employee starts the job.
Only when an applicant is identified as a finalist for the job.
Immediately after an applicant submits an application or resume.
Only when Sharon believes that the information provided by an applicant is suspicious.
According to the findings, organisations in the top quartile with gender-diverse executive teams were 21% more likely than their industry peers to experience above-average profitability.
Organizations with ethnic and culturally diverse leaders outperform their peers by 33%.
Diversity training is effective when it: Establishes an inclusive, rather than divisive, company culture. Instead of simply "tolerating" different approaches that result from diverse employees, respects, seeks out, and embraces them. Attempts to build true understanding by going beyond a list of dos and don'ts.
A diverse workforce requires more than an HR seminar or workshop. When done correctly, there are real benefits to workplace diversity. More diverse workforces, for example, have been shown to be more creative, faster problem solvers, more innovative, and better decision makers. Yes, he or she will
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all of the following are disadvantages of team selling except . selling teams can be confusing and overwhelming for customers salespeople who are used to having customers all to themselves may have trouble learning to work with and trust others on a team team selling reduces the overall efficiency of the selling process individual contributions and compensations can be difficult to assess in team selling team selling discourages individual contributors because the team receives credit for good performance
" Team selling discourages individual contributors because the team receives credit for good performance" is not the disadvantage of team selling.
Team selling is a common sales strategy used in account-based selling to boost deal closure rates. Team selling, in its simplest form, is a collaborative sales method where two or more team members work together to earn business rather than working those accounts alone.With the right sales and marketing professionals on your team, you can better understand the specific requirements and expectations of your consumers. Additionally, your team has access to diverse viewpoints on the selling process.Communication between departments can occasionally be challenging since each department operates differently and you risk missing some of your customers' needs. The drawback of team selling is this.Thus the correct option is E.
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which of the following statements is(are) correct regarding rollovers from qualified plans or iras? distributions from qualified plans and iras require 20% mandatory withholding for federal income taxes if a trustee-to-trustee direct transfer is not used to execute a rollover. a taxpayer is limited to one ira rollover in a one-year period (on a 365-day basis) unless the rollover is a trustee-to-trustee direct transfer. a distribution from a qualified plan may not be rolled over to a governmental section 457 plan. if a qualified plan participant has an outstanding loan from a qualified plan upon separation from service, the participant may roll over the loan into a rollover ira as long as loan repayments continue at least quarterly.
Statement B is correct about rollovers from qualified plans or IRAs.
B). A taxpayer is limited to one IRA rollover in a one-year period (on a 365-day basis) unless the rollover is a trustee-to-trustee direct transfer.
What is an IRA?
Individual retirement accounts (IRAs) are long-term savings accounts that people with earned income can use to invest for the future and benefit from specific tax benefits. The IRA is primarily made for independent contractors who lack access to employee retirement accounts like 401(k), which are solely offered by companies.
A bank, an investment firm, an internet brokerage, or a personal broker are all options for opening an IRA. Deductions for contributions to regular IRAs and Roth IRAs are subject to yearly income restrictions.
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When it comes to financial aid, you definitely want to avoid any and all loans, but you can accept.
You can accept scholarships, loans, and work-study programs, but you should definitely avoid taking out any sort of debt when it comes to financial help.
What types of student loans are exempt from repayment?
Unless you fail to meet any applicable requirements, grants and scholarships do not need to be paid back.
It is not necessary to repay student employment because it is earned. Conversely, student loans need to be paid back, typically with interest. Subsidies and unsubsidies are both options for federal student loans.
Therefore, Although they're not usually required, student loans might offer much-needed funding when you're unable to pay for educational expenses.
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What term is used to identify a form of outsourcing in which services are provided by an organization whose employees are in a foreign country?.
Offshoring is the term used to identify a form of outsourcing in which services are provided by an organization whose employees are in a foreign country.
What is the meaning of Off-Shoring?Offshoring is the procedure by which a commercial operation, including manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though individual states may also use it.
Offshoring is the process of moving operations or ownership of an entire operation to a nation other than the one (or nations) in which the company requesting the services is based.
Offshoring is the process of outsourcing operations abroad, typically by businesses from rich nations to less developed nations, to lower operating costs.
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When a company owner practices price discrimination, the marginal revenue of an extra unit sold.
The price paid for that unit is just the incremental revenue generated from each subsequent unit sold, and as a result, the demand curve provides this information.
The cost of each extra unit is once more determined by the firm's marginal cost curve because price discrimination has no impact on the firm's cost structure.
Price discrimination is a microeconomic pricing technique in which the same provider sells the same or substantially similar items or services in different marketplaces at different prices.
The profit a company makes from an increase in sales is known as incremental revenue. When the volume of sales has increased, it can be used to calculate the additional revenue brought in by a certain product, investment, or direct sale via a marketing effort. It's common to compare incremental revenue to cost of product.
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Companies usually offer a product line instead of just one product to:
A. appeal to similar consumer markets
B. tailor their offerings more closely to consumer wants
C. meet the competition
D. reduce their marketing costs
A. appeal to similar consumer markets
B. tailor their offerings more closely to consumer wants
C. meet the competition
Companies usually offer a product line instead of just one product to:
A. appeal to similar consumer markets
B. tailor their offerings more closely to consumer wants
C. meet the competition
Product line:
In economics, product line refers the group of related products all marketed under a single brand name that is sold by the same company.
Given,
Here we need to find the reason behind the companies that usually offer a product line instead of just one product.
As per the definition to the product line, instead of sell one product, it will sold many product under one brand because of the consumer markets and also meet the competition.
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understanding bond pricing suppose your friend tells you that she recently purchased a 15-year $3,000.00 bond with a 5% coupon. a month later, she saw it quoted at 109:4, but she does not know what this means. you can tell by the way the bond is priced that she has a bond; otherwise it would have been priced . you explain that the market price of her bond is now , meaning it is now a bond. based on the market price of the bond you calculated, you can tell that market interest rates have gone since the bond was issued. the current yield of the bond is now .
Your friend has a 15-year $3,000.00 bond with a 5% coupon.
What is bond?
A bond is a debt security that resembles an IOU. Borrowers issue bonds to raise money from investors who are willing to lend to them for a set period of time. When you buy a bond, you are lending money to the issuer, that could be a business, the state, or a local authority. In return, the issuer agrees to repay the principal of the bond when it "matures," or it becomes due, after just a predetermined period of time, and to pay you a specific interest rate over the course of a bond's life.
The market price of the bond is now 109:4, which means that the bond has increased in value since it was issued. This means that market interest rates have gone down since the bond was issued. The current yield of the bond is now 4.53%.
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Flightline, the 4-year-old colt, was the talk of breeders’ cup weekend. How much is the horse, undefeated in six career starts, projected to fetch in his breeding career?.
Flightline. The Breeders' Cup weekend was all about the 4-year-old colt. The horse won the Breeders' Cup Classic by 814 lengths after going undefeated in six career starts. Flightline was valued at $184 million after owners sold a 2.5% stake in the horse for $4.6 million.
What is Horse Race?
Horse racing, the sport of racing horses at high speeds, primarily Thoroughbreds with a rider astride or Standardbreds pulling a conveyance with a driver.
These two types of racing are known as flat racing and harness racing, respectively.
The article quarter-horse racing describes racing on the flat with horses other than Thoroughbreds.
Horse racing is one of the oldest sports, and its basic concept has changed little over the centuries. It evolved from a simple contest of speed or stamina between two horses to a spectacle involving large fields of runners, sophisticated electronic monitoring equipment, and enormous sums of money, but its fundamental feature has always remained the same: the horse that finishes first wins.
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on the 2020 green cars federal worksheet, use layout view to delete the text in the left footer section and replace it with:
This federal worksheet is used with the aid of folks to make calculations according to the line instructions contained in the T1 General Income Tax
What is TD1 worksheet?TD1-WS. Worksheet for the. 2022 Personal Tax Credits Return. Fill out this worksheet if you desire to calculate partial claims for the following quantities on your Form TD1, 2022 Personal Tax Credits Return.
How do you calculate primary personal amount 2022?For individuals whose net profits for the yr is less than or equal to the amount at which the 29% tax bracket begins ($150,473 for 2020), the primary private quantity extended to $13,229 for 2020, $13,808 for 2021, $14,398 for 2022, $15,000 for 2023.
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State agencies are involved in the fiscal cycle's last step. The budget is handled concurrently by both houses of the legislature.
Explain what a budget is.A budget is a spending plan that is based on income and expenses. In other words, it's a forecast of your earnings and spending for a given period of time, such as a month or a year.(Or, if you're keeping track of the money coming in and going out of your home as a whole, that's a family budget.)
Why is having a budget crucial?Having a budget promotes financial stability. A budget makes it simpler to pay bills on time, accumulate an emergency fund, and save for significant costs like a vehicle or home by keeping track of spending and sticking to a plan. Overall, creating a budget improves one's short- and long-term financial stability.
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Which one of the five generic competitive strategies discussedin Chapter 5 most closely approximates the competitive approachthat Under Armour is employing?Select the best response from the optionsprovided.Multiple ChoiceA focused differentiation strategyB focused low-cost strategyC low-cost provider strategyD broad differentiation strategyE best-cost provider strategy
To compete in the market, Lululemon employs a focus-difference strategy. A generic competitive strategy, this one.
Which five competing tactics fall under the general category?There are five tactics that companies can use to run competitively and dominate their markets: Low-cost provider strategy is followed by best-cost provider strategy, differentiation strategy is followed by focus low-cost provider strategy, and focus differentiation strategy is followed by low-cost provider strategy.To compete in the market, Lululemon employs a focus-difference strategy. A generic competitive strategy, this one.A targeted low cost strategy, rather than any of the other five conventional competitive strategies, more closely resembles Tesla's method for competing.To learn more about Focus-difference strategy refer to:
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which of the following gives employees the right to participate in the profits of a company at a specified percentage, even though they are not full shareholders with voting rights?
Capital appreciation rights gives employees the right to participate in the profits of a company at a specified percentage, even though they are not full shareholders with voting rights.
Any individual, business, or organization that holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. With specific rights and obligations, shareholders effectively control the business. They are able to profit from a company's success thanks to this sort of ownership.
Being a shareholder essentially implies you have equity in a company. The power to vote and attend annual shareholders meetings are among the privileges that come with owning corporation stock.
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crane corporation issues 710, 8-year, 6%, $1000 bonds dated january 1, 2025 at 94. the journal entry to record the issuance will include a
The journal entry would be - Debit : cash :710000 and Credit: Bonds payable : 710000.
What are bond payables?
A sum that the issuer owes bondholders and represents a long-term debt. Bonds are a type of debt that must be repaid.What current liabilities are bonds payable?
Bonds that will mature within a year of the date of the balance sheet will only be represented as a current liability if the bond issuer will need to use a current asset or establish a current liability in order to pay the bondholders when the bonds mature.Is Bond payments a credit or a debit?
All premiums and discounts should have been amortised by the time the bonds are redeemed, so the entry is simply a debit to the bonds payable account and a credit to the cash account.Hence, crane corporation issues 710, 8-year, 6%, $1000 bonds dated January 1, 2025 at 94. the journal entry to record the issuance will be - Debit : Cash :710000 and Credit: Bonds payable : 710000.
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A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called.
A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called Trial balance.
The trial balance is the report of accounting in which ending balances of the different general ledgers of the company are available.
In the trial balance utility expenses during a period include the payments of different bills amounting. If the total debits equal the total credit, the trial balance is considered to the balanced and there should be no mathematical errors in the ledgers.
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