Out of the following questions given, the most clearly an economic question, at least in part is,because the United Kingdom leaving the European Union will have a significant impact on the country's economy, trade, and the living standards of the people living there.
The economic question is the branch of economics that manages the issue of fulfilling limitless human wants with limited resources and deciding the optimal distribution of those resources to increase social welfare. Economic questions are mainly concerned with how people can get what they need with the limited resources they have available.
Out of the following questions given, the most clearly an economic question, at least in part is, “What will happen to living standards in the U.K. (England, etc) now that it has left the European Union” because the United Kingdom leaving the European Union will have a significant impact on the country's economy, trade, and the living standards of the people living there.
To know more about European Union visit:-
https://brainly.com/question/12075343
#SPJ11
Max decides to purchase a vehicle made by a famous car manufacturer with a high retail price but low maintenance costs. In this scenario, the car manufacturer adopts ______________.
A) penetration pricing
B) price skimming
C) target ROI
D) competitor-based pricing
E) value pricing
Max decides to purchase a vehicle made by a famous car manufacturer with a high retail price but low maintenance costs
In this scenario, the car manufacturer adopts value pricing.What is value pricing?Value pricing is the strategy that is focused on providing customers with a reasonable price for high-quality products. This kind of pricing strategy is quite simple and effective and it is one of the most adopted pricing strategies in most of the businesses.
It refers to the prices of the products that are based on the value that the products provide to the customers.The customers who are looking for a vehicle with low maintenance costs but a high retail price will definitely benefit from purchasing this vehicle.
The car manufacturer, on the other hand, will get a high profit margin because the production cost of the vehicle is quite low in comparison to its high retail price. This strategy is a win-win situation for both the customer and the manufacturer because the customer gets a high-quality product at a reasonable price, and the manufacturer gets a high-profit margin.Penetration pricing:
In penetration pricing, the price of a product is set lower than its competitors to attract customers.Price skimming: It refers to the strategy where a high price is set by the manufacturer for its products.Target ROI: It refers to the strategy where the price of the product is set to achieve a specific ROI.
Competitor-based pricing: In competitor-based pricing, the price of the product is set based on the competitors.Value pricing: It refers to the prices of the products that are based on the value that the products provide to the customers.
To know more about vehicle visit;
brainly.com/question/32347244
#SPJ11
Please help!
Use the labor-force-participation (CIVPART) and employment-to-population (EMRATIO) ratios to create a graph from 1948-present (use LINE 1 and LINE 2). Attach File QUESTION 2 business cycle between exp
The labor force participation rate (CIVPART) and the employment-to-population ratio (EMRATIO) are two important statistics that can be used to understand the state of the labor market.
To create this graph, we need to collect data from 1948 to the present day and then plot it on a graph.
Here is how you can create the graph:
1. Collect data on the CIVPART and EMRATIO from the Bureau of Labor Statistics website.
2. Create a table with two columns: one for the CIVPART data and one for the EMRATIO data.
3. Plot the CIVPART data on LINE 1 of the graph and the EMRATIO data on LINE 2.
4. Label the x-axis with the years from 1948 to the present day and the y-axis with the percentages for the CIVPART and EMRATIO.
5. Use different colors for each line to make it easier to distinguish between them.
6. Add a legend to the graph that explains which line represents which statistic.
7. Add a title to the graph that explains what it shows
Once you have created the graph, you can use it to analyze the trends in labor force participation and employment-to-population ratios over time. You can look for patterns and trends in the data, such as changes in the ratios during different business cycles.
To know more about statistics visit:
https://brainly.com/question/31538429
#SPJ11
H& B Inc. uses a standard cost system and calculates their application rates using direct labour hours. This year the company had the following standards: Standard direct labour hours per unit: 2 hours Variable overhead application rate: $2 per direct labour hour Fixed overhead application rate: $5 per direct labour hour The company also had the following actuals: Production: 12,000 units Variable overhead: $48,760 Fixed overhead: $125,350 Total direct labour hours: 23,000 What is the variable overhead spending variance? a) $2,760 favourable b) $760 unfavourable c) $2,760 unfavourable d) $760 favourable
The variable overhead spending variance is Option d) $760 favourable.
Standard direct labour hours per unit: 2 hours
Variable overhead application rate: $2 per direct labour hour
Fixed overhead application rate: $5 per direct labour hour
The company also had the following actuals:
Production: 12,000 units
Variable overhead: $48,760
Fixed overhead: $125,350
Total direct labour hours: 23,000
To calculate the Variable overhead spending variance, the formula is:
Variable overhead spending variance = Actual variable overhead - (Standard direct labour hours x Variable overhead application rate)
The actual variable overhead is given as $48,760 and the standard direct labour hours per unit is 2, and the total units produced are 12,000.
So the total direct labour hours will be 2 x 12,000 = 24,000.Total variable overhead application rate will be 24,000 x $2 = $48,000.
Variable overhead spending variance = Actual variable overhead - (Standard direct labour hours x Variable overhead application rate)
= $48,760 - $48,000= $760 favourable.
Therefore, the variable overhead spending variance is $760 favourable.
To know more about overhead spending visit:
https://brainly.com/question/28286486
#SPJ11
A company has invested RM A into a fund at the time t=0, followed by yearly contribution, made at the end of the year, with an increase of RM 100,000 each year from Year 1 through Year 8 and the contributions remain thereafter. In addition to that, the company incurs maintenance expenses of RM 20,000 into the fund through Year 8 to Year 12. It is expected that the investment return will be RM 24 through Year 10 to Year B. After Year B, the fund will be terminated. (a) Calculate the net present value of this investment at effective interest rate of 10% per annum
(b) Calculate the internal rate of return (IRR) on this investment
(c) If the internal rate of return is 3% per annum, find the value of A.
The net present value (NPV) of the investment can be calculated by determining the present value of all cash inflows and cash outflows associated with the investment. The internal rate of return (IRR) represents the discount rate that makes the NPV equal to zero. By substituting the IRR into the NPV formula, we can find the value of A.
(a) To calculate the net present value (NPV) of the investment, we need to determine the present value of all cash flows associated with the investment. The formula for calculating NPV is:
NPV = PV(Cash inflows) - PV(Cash outflows)
The cash inflows consist of the yearly contributions and the investment return after Year 10, while the cash outflows consist of the initial investment and the maintenance expenses.
Let's calculate the NPV:
PV(Cash inflows) = A + (A + 100,000) + (A + 200,000) + ... + (A + 800,000) + (A + 900,000) + 24 / (1 + 0.10)^10
= A * (1 + 1 + 2 + ... + 8 + 9) + 9,000,000 / (1 + 0.10)^10
= 45A + 9,000,000 / (1 + 0.10)^10
PV(Cash outflows) = A + (20,000) + (20,000) + ... + (20,000) + (20,000) / (1 + 0.10) + (20,000) / (1 + 0.10)^2 + ... + (20,000) / (1 + 0.10)^5
= A + 20,000 * [1/(1 + 0.10) + 1/(1 + 0.10)^2 + ... + 1/(1 + 0.10)^5]
= A + 20,000 * [1 - 1/(1 + 0.10)^6] / (0.10)
= A + 20,000 * (1 - 0.564474) / 0.10
= A + 87,675
NPV = PV(Cash inflows) - PV(Cash outflows)
= (45A + 9,000,000 / (1 + 0.10)^10) - (A + 87,675)
= 44A + 9,000,000 / (1 + 0.10)^10 - 87,675
(b) To calculate the internal rate of return (IRR) on the investment, we need to find the discount rate that makes the NPV equal to zero. In this case, we can use trial and error or an iterative method to find the IRR. Alternatively, we can use financial calculators or software to compute the IRR.
(c) If the internal rate of return is 3% per annum, we need to find the value of A. Using the same NPV formula and substituting the IRR value:
0 = (45A + 9,000,000 / (1 + 0.03)^10) - (A + 87,675)
Solving this equation will give us the value of A.
The net present value (NPV) of the investment can be calculated by determining the present value of all cash inflows and cash outflows associated with the investment. The internal rate of return (IRR) represents the discount rate that makes the NPV equal to zero. By substituting the IRR into the NPV formula, we can find the value of A. These calculations provide insights into the profitability and viability of the investment for the company.
To know more about iterative method, visit
https://brainly.com/question/30311178
#SPJ11
Your RRSP savings of $45,000 are converted to a RRIF at 3.50% compounded monthly that pays $5,300 at the beginning of every month. After how many payments will the fund be depleted?
_____
Round to the next payment
The fund will be depleted after 9 payments. To calculate this, divide the initial savings ($45,000) by the monthly payment ($5,300), which equals approximately 8.49.
Since we need to round up to the next payment, the fund will last for 9 payments. Each month, the payment reduces the fund, and after the 9th payment, the remaining balance will be insufficient to cover the next payment, resulting in depletion.To calculate the number of payments until the fund is depleted, we divide the initial savings ($45,000) by the monthly payment amount ($5,300). This gives us approximately 8.49. Since we need to round up to the next whole number, we round 8.49 up to 9.Each month, a payment of $5,300 is made, which reduces the remaining balance of the fund. After the 9th payment is made, the remaining balance will be insufficient to cover the next payment, resulting in the depletion of the fund.therefore, the fund will last for 9 payments before it is completely depleted.
Learn more about paymenthere:
https://brainly.com/question/31261097
#SPJ11
33. The processes that are wasteful and do not add value and should be whenever possible. a. Encourage b. Eliminated c. Enlarged d. Colored
The processes that are wasteful and do not add value and should be eliminated whenever possible. So the correct answer is b. Eliminated
It is best to identify and get rid of processes that are wasteful and don't bring value. This is a key principle of Lean Management and Six Sigma methodologies. These strategies seek to locate and get rid of waste in order to streamline processes, cut expenses, and boost effectiveness.
By examining the value stream and identifying actions that don't contribute to the finished good or service, unnecessary operations can be eliminated. Overproduction, pointless transportation, superfluous inventory, waiting times, flaws, and underutilized personnel abilities are a few examples of waste.
By eliminating non-value-added activities, organizations can improve productivity, quality, and customer satisfaction. This requires a systematic approach to identify and address waste throughout the entire value chain, involving the participation and input of employees at all levels of the organization.
To know more about wasteful processes, refer
https://brainly.com/question/32030913
#SPJ4
What would the Engel curve look like for each of the following three types of goods? Necessary, Luxury, Giffen.
The Engel curve shows the relationship between a household's income and its demand for a particular good. The three types of goods you mentioned - necessary, luxury, and Giffen - have different Engel curves.
Necessary Goods: Engel curve for necessary goods is upward sloping, but with a relatively low slope. This means that as a household's income increases, the quantity demanded of the necessary good also increases, but at a decreasing rate. Examples of necessary goods include basic food items, clothing, and housing.
Luxury Goods: Engel curve for luxury goods is upward sloping with a steeper slope than that of necessary goods. As a household's income increases, the quantity demanded of the luxury good increases at a faster rate. Examples of luxury goods include high-end fashion, expensive cars, and premium vacations.
Giffen Goods: Giffen goods are special types of inferior goods where the quantity demanded increases as the price of the good increases. Therefore, the Engel curve for Giffen goods is upward sloping. However, this phenomenon is rare in real life, and there are very few examples of such goods.
Learn more about goods here:
https://brainly.com/question/29426090
#SPJ11
A bond for the Chelle Corporation has the following characteristics:
Maturity - 12 years
Coupon - 10%
Yield to maturity - 9.50%
Macaulay duration - 7.33 years
Convexity - 68.54
Noncallable
Assume bond pays interest semiannually. Use only the data provided in the table above (in the problem statement) for your calculations.
When rates decline, the price of callable bond increases at a -Select-slowerhigherItem 5 rate than the price of noncallable bond.
Calculate the approximate price change for this bond using only its duration, assuming its yield to maturity increased by 250 basis points. Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter negative value, if any.
Percentage change in price: %
When you are dealing with large yield changes to calculate more precise bond price change -Select-it is enough to consider the effect of durationit is enough to consider the effect of convexityyou must consider the effects of convexity and durationItem 2 on price change.
Calculate the approximate price change for this bond, using only duration, if its yield to maturity declined by 500 basis points. Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter negative value, if any.
Percentage change in price: %
Calculate the approximate price change for this bond using both duration and convexity in the computation, once again assuming that its yield to maturity declined by 500 basis points. Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter negative value, if any.
Percentage change in price: %
Discuss (without calculations) what would happen to your estimate of the price change if this was a callable bond.
When rates decline, the price of callable bond increases at a slower rate than the price of noncallable bond.
The reason being, the callable bond has a provision which allows the issuer to call the bond when the interest rates go down. Therefore, investors will not be willing to pay more for the callable bond, because it might get called at any time by the issuer, if the interest rates decline. Hence, the callable bond's price will increase at a slower rate than the noncallable bond.
Calculation for the price change for this bond using only its duration:
Maturity - 12 yearsCoupon - 10%Yield to maturity - 9.50%Macaulay duration - 7.33 yearsConvexity - 68.54NoncallableWe are to calculate the approximate price change for this bond using only its duration, assuming its yield to maturity increased by 250 basis points.(Note: 1 basis point = 0.01%)
Duration-based formula to calculate the percentage change in price is,
Percentage change in price = -Duration * ∆y / [1 + (y/k)]
Where,
∆y = 250 basis points= 2.5%
k = 2 (since, bond pays interest semiannually)
Substituting the given values in the formula,
Percentage change in price = -7.33 * 2.5 / [1 + (9.50/2)]
= -17.14% (approx.)
Therefore, the percentage change in price is -17.14%.
When you are dealing with large yield changes to calculate more precise bond price change, you must consider the effects of convexity and duration on price change.Calculation for the price change for this bond using duration and convexity:
Maturity - 12 years
Coupon - 10%
Yield to maturity - 9.50%
Macaulay duration - 7.33 years
Convexity - 68.54
Noncallable
We are to calculate the approximate price change for this bond using both duration and convexity in the computation, assuming its yield to maturity declined by 500 basis points.
Duration and convexity-based formula to calculate the percentage change in price is,
Percentage change in price = -[(Duration * ∆y) + (Convexity * ∆y^2)] / [1 + (y/k)]
Where,
∆y = -500 basis points= -5%
k = 2 (since, bond pays interest semiannually)
Substituting the given values in the formula,
Percentage change in price = -[(7.33 * -5) + (68.54 * (-5)^2)] / [1 + (9.50/2)] = 27.56% (approx.)
Therefore, the percentage change in price is -27.56%.
If this were a callable bond, the estimate of the price change would be lower than that of a noncallable bond. The reason being, if interest rates decline, the issuer can call the callable bond, therefore, investors might not be willing to pay as much for the callable bond, because they might not be sure of receiving the full future cash flows.
Learn more about Callable bond non callable bond:
brainly.com/question/30900930
#SPJ11
i need relevant and correct answer with citation or references
Answer all: A) You are Senior Commercial Manager and two interns asked you to discuss the payment obligation of the employer or client under the JCT SBC/Q 2016 and FIDIC Red Book
B) Evaluate the role of the project manager in compensation events in the NEC contract
As the Senior Commercial Manager, you can explain the payment obligations of the employer or client under the JCT SBC/Q 2016 and FIDIC Red Book.
A) According to the JCT SBC/Q 2016 (Joint Contracts Tribunal Standard Building Contract with Quantities 2016), the employer's payment obligation is typically triggered by the completion of specified works or stages as outlined in the contract. The JCT SBC/Q 2016 sets out specific provisions for interim payments, final payments, and retention.
On the other hand, the FIDIC Red Book (Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer) states that the employer is obligated to make payments in accordance with the contract terms and payment milestones outlined in the agreement.
B) The role of the project manager in compensation events under the NEC contract is to manage and assess any events that impact the cost or time of the project. In the NEC (New Engineering Contract) contract, compensation events are events that entitle the contractor to an adjustment in time or cost. The project manager plays a key role in evaluating these events, including assessing their impact on the project schedule and budget.
They are responsible for notifying the contractor of any compensation events, reviewing the contractor's quotations, and making a fair determination of the compensation due.
The project manager's involvement ensures that compensation events are properly managed and that the project progresses smoothly while maintaining a fair and equitable outcome for all parties involved.
to learn more about FIDIC click here:
brainly.com/question/32778914
#SPJ11
Surist, Inc. purchased merchandise for $470,000, received credit for purchase returns of $30,000, availed purchase discounts of $7,000, and paid transportation of $15,000.
Refer to Surist, Inc. If Surist, Inc. had $42,000 in beginning inventory, and sold goods costing $210,000, what is the ending inventory balance?
The ending inventory balance for Surist, Inc. is $280,000.
To determine the ending inventory balance using the given information, we can use the following calculation:
Beginning inventory + Purchases - Purchase returns - Purchase discounts + Transportation = Cost of goods available for sale
$42,000 + $470,000 - $30,000 - $7,000 + $15,000 = $490,000 (Cost of goods available for sale)
Next, we can use the following formula to calculate the ending inventory:
Ending inventory = Cost of goods available for sale - Cost of goods sold
Since we know that the cost of goods sold is $210,000, we can substitute this value into the formula and solve for the ending inventory:
Ending inventory = $490,000 - $210,000 = $280,000
Therefore, the ending inventory balance for Surist, Inc. is $280,000.
learn more about inventory here
https://brainly.com/question/31146932
#SPJ11
From the following facts, prepare a depreciation schedule using the declining-balance method (twice the straight-line rate): LU 17-3(2) Given Chevrolet Colorado $25,000 Residual value $ 5,000 5 years Estimated life End Cost of of Chevy year truck. Depreciation Accumulated expense depreciation for year at end of year Book value. at end of year 17-7. 17-8. 17-9. 17-10. Accumulated depreciation at beginning of year Book value at beginning of year D
Book value at the beginning of the year is equal to the cost of the asset less accumulated depreciation at the beginning of the year. The rate of depreciation is a multiple of the straight-line rate and is to be applied in every year of the asset's useful life till the end of its useful life.
Depreciation rate = twice the straight-line rate. Therefore, depreciation rate = 2/5 or 40% since the asset has an estimated life of 5 years. To calculate the annual depreciation expense, multiply the beginning-of-year book value by the depreciation rate.LU 17-3(2) Given Chevrolet Colorado $25,000 Residual value $5,000 5 years Estimated life End Cost of Chevy year truck Depreciation Accumulated expense depreciation for year at the end of the year .
Book value at the end of the year 17 $25,000 $10,000 $10,000 $15,000 18 $15,000 $6,000 $16,000 $9,000 19 $9,000 $3,600 $19,600 $5,400 20 $5,400 $2,160 $21,760 $3,240 21 $3,240 $1,296 $23,056 $1,944In the above depreciation schedule, accumulated depreciation at beginning of the year is equal to the accumulated depreciation of the previous year.
To know more about depreciation visit:-
https://brainly.com/question/30531944
#SPJ11
suggest how four seasons hotels can develop a training plan for
information security course to its employees , showing the training
process through the adoption of ADDIE five- step model
Four Seasons can develop a comprehensive training plan for its employees by adopting the ADDIE model. The model ensures that the training course is customized to employee needs and evaluated to improve course effectiveness. This will ensure that the employees have the necessary knowledge and skills to prevent cyber threats, data breaches, and protect the company's information.
Four Seasons Hotels can develop a training plan for the Information Security course for its employees by adopting the ADDIE model, which has five steps: Analysis, Design, Development, Implementation, and Evaluation. In this model, the Analysis step helps identify the training needs of the employees, Design outlines the structure of the training course, Development focuses on creating the course material, Implementation involves delivering the course to the employees, and Evaluation is the final step that evaluates the success of the course. Here’s how Four Seasons can implement the ADDIE model to develop a training plan for information security course for its employees.
AnalysisStep 1: Identify Training Needs: The first step is to identify the training needs of the employees. Four Seasons can identify training needs through surveys, employee feedback, performance reviews, and regular audits.
DesignStep 2: Develop Course Goals: Based on the needs analysis, Four Seasons should set course goals that outline what employees should learn and achieve through the training.
Step 3: Create Course Outline: The course outline should include an overview of the course, objectives, course structure, and learning outcomes. The course structure can include online, classroom, or both.
DevelopmentStep 4: Create Course Materials: Once the course outline is complete, Four Seasons should develop course materials. These materials can be in the form of e-learning modules, case studies, or interactive scenarios.
ImplementationStep 5: Deliver Course: The next step is to deliver the course to the employees. The training can be conducted in the classroom or online. It is essential to ensure that the training course is accessible and user-friendly.
EvaluationStep 6: Evaluate Training: The final step is to evaluate the training course’s success. The evaluation should measure employee performance, knowledge gained, and course satisfaction.
In conclusion, Four Seasons can develop a comprehensive training plan for its employees by adopting the ADDIE model. The model ensures that the training course is customized to employee needs and evaluated to improve course effectiveness. This will ensure that the employees have the necessary knowledge and skills to prevent cyber threats, data breaches, and protect the company's information.
Learn more about Evaluate Training here,what is the most accurate way to evaluate a training program
https://brainly.com/question/32217403
#SPJ11
Which of the following is NOT necessary in order for a product to be defined as life insurance for federal income tax purposes? A) The death benefit B) The cash value accumulation test C) The guideline premium and corridor test D) The earned premium test
The guideline premium and corridor test is not necessary in order for a product to be defined as life insurance for federal income tax purposes. Option C.
To understand this, let's examine each of the options:
A) The death benefit: The death benefit is a crucial element of life insurance. It refers to the amount paid out to the beneficiaries upon the death of the insured individual. Without a death benefit, a product cannot be classified as life insurance.
B) The cash value accumulation test: This test is used to determine whether the cash value of a life insurance policy exceeds certain limits defined by the tax code. It helps establish the tax treatment of the policy's investment component.
The cash value accumulation test is a necessary requirement for a product to be considered life insurance for federal income tax purposes.
C) The guideline premium and corridor test: This test is used to ensure that a life insurance policy meets certain premium and cash value corridor requirements. It sets limits on the premiums paid and the cash value accumulated in relation to the policy's death benefit.
However, this test is not necessary for a product to be defined as life insurance for federal income tax purposes.
D) The earned premium test: The earned premium test assesses the ratio of the policy's earned premium (portion of the premium used to cover the policy's expenses) to its total premium. It helps determine if a policy qualifies as life insurance for tax purposes.
The earned premium test is necessary to classify a product as life insurance for federal income tax purposes. Option C is correct.
For more such question on insurance. visit :
https://brainly.com/question/13142281
#SPJ8
Briefly explain what is meant by a project life cycle?
The project life cycle refers to the phases that a project goes through from start to finish. Each phase has a specific objective to achieve in a certain period, and each phase contributes to the project’s overall goal. The phases in the project life cycle are Planning
Execution Monitoring and Controlling, and Closure. Project life cycle refers to the sequence of stages that a project goes through from its conception to completion. The project life cycle has four main phases, including Planning, Execution, Monitoring and Controlling, and Closure. life cycle is a term used to describe the stages that a project goes through from its conception to its completion. The project life cycle is a series of processes that are followed in a particular order, with each stage serving as a foundation for the next one. The project life cycle usually comprises four main stages: Planning, Execution, Monitoring and Controlling, and Closure .Planning: The Planning phase is the first stage of the project life cycle. The goal of this phase is to plan, define, and organize a
The closure phase is the last stage of the project life cycle. The closure phase is concerned with bringing the project to a close. This phase includes activities such as project evaluation, documentation, archiving, and stakeholder the feedback. The closure phase is a critical phase as it allows the project manager to reflect on the project's performance and identify areas for improvement. the project life cycle is a sequence of stages that a project goes through from its conception to its completion. The project life cycle comprises four main phases, including Planning, Execution, Monitoring and Controlling, and Closure. Each stage of the project life cycle has its objectives, outcomes, and deliverables.
To know more about project Visit ;
https://brainly.com/question/31545760
#SPJ11
15 What is meant by product life cycle pricing?
The pricing needs to be increased at each stage in a product’s
life cycle.
The pricing of new products needs to start out high and end
low.
The pricin
The product life cycle pricing is the process by which prices of the products are set and controlled over the lifetime of the product. This pricing strategy takes into consideration the four stages of the product life cycle: introduction, growth, maturity, and decline. At each stage of the product life cycle, the price of the product may change based on various factors.
Introduction stage: This stage marks the launch of a new product. During this stage, the demand for the product is low, and the company focuses on creating brand awareness. The pricing strategy used at this stage is known as penetration pricing. The price of the product is set low to attract customers and gain market share.Growth stage: During this stage, the product experiences an increase in demand, sales, and profits. The pricing strategy used at this stage is known as skimming pricing. The price of the product is increased as it gains market share and becomes more popular.
Maturity stage: This stage marks a decline in sales growth and profits. The pricing strategy used at this stage is known as competitive pricing. The price of the product is lowered to compete with other products on the market.Decline stage: During this stage, the demand for the product decreases, and the product becomes less profitable. The pricing strategy used at this stage is known as liquidation pricing. The price of the product is lowered to clear out inventory and sell off remaining stock.Overall, product life cycle pricing involves adjusting the price of a product at each stage of its life cycle to ensure that it remains competitive and profitable. The pricing strategy used at each stage is determined by the market conditions and the goals of the company.
To know more about pricing strategy visit :
https://brainly.com/question/28295582
#SPJ11
Vignette B
Many businesses have employee wellness programs that encourage its employees to
be active and have healthy behaviors. Southeast Missouri State University has a
"fitness-tracker program," in which employees wear smart watches and are paid
rewards for walking a minimum of 10,000 steps a day. Usually, when analyzing these
types of programs, researchers are most interested in learning about the "extreme"
users, meaning (1) those who walk a lot of steps and (2) those who barely move
throughout the day.
Suppose researchers wish to complete two separate multivariate analyses. One using
a sample of heavy movers and another analysis using a sample of the least mobile
employees. What type of sampling method might be best to use for this study? Explain
your reasoning.
The best sampling method that can be used for the study on Southeast Missouri State University's employee wellness program, "fitness-tracker program," is stratified sampling. In this sampling method, a population is first divided into mutually exclusive strata, and then samples are drawn from each stratum based on the proportionate size of the stratum.The researcher can use a stratified sampling method to analyze the "extreme" users, meaning (1) those who walk a lot of steps and (2) those who barely move throughout the day in the following way: Heavy MoversHeavy movers are employees who walk a lot of steps each day.
To sample heavy movers, the researcher can first divide the population of employees who participate in the fitness-tracker program into two strata: heavy movers and non-heavy movers. Then, the researcher can draw a sample from each stratum in proportion to the number of people in each stratum.Least Mobile EmployeesLeast mobile employees are employees who barely move throughout the day.
To sample least mobile employees, the researcher can first divide the population of employees who participate in the fitness-tracker program into two strata: least mobile employees and non-least mobile employees. Then, the researcher can draw a sample from each stratum in proportion to the number of people in each stratum.
Stratified sampling is the best sampling method for this study because it allows researchers to draw samples from subgroups within the population of employees who participate in the fitness-tracker program, while ensuring that the samples are representative of the subgroups. In this way, researchers can make more precise conclusions about heavy movers and least mobile employees based on their data. It is important to note that the sample size should be large enough to ensure statistical significance, but the sample size for each stratum should be proportional to the number of people in that stratum.
Learn more about employee here,
https://brainly.com/question/27404382
#SPJ11
Ileo, Inc. had an inventory balance of $12,000 on January 1 and $16,000 on December 31 , The cost of goods sold during the period was $61,000, What is the purchase amourt? A. $45.000 B. SE6.000 C. 533.000 D. 565.000
The correct answer is: Purchase amount = $4,000. Inventory refers to the goods or materials that a company holds for production, sale, or consumption in its normal course of business.
To calculate the purchase amount, we need to determine the change in inventory during the period. This can be done by considering the inventory balance at the beginning and end of the period, as well as the cost of goods sold.
Change in inventory = Ending inventory - Beginning inventory
Change in inventory = $16,000 - $12,000
Change in inventory = $4,000
Since the change in inventory represents the purchases made during the period, the purchase amount is $4,000.
Inventory refers to the goods or materials that a company holds for production, sale, or consumption in its normal course of business. It includes items such as raw materials, work-in-progress (partially completed goods), and finished goods that are ready for sale. Inventory is an important asset for businesses, particularly those in the manufacturing, retail, and distribution sectors.
Learn more about inventory here:
https://brainly.com/question/15078400
#SPJ11
Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,400,000 The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $3,010,000 in annual sales, With costs of $2,030,000. Assume the tax rate is 23 percent and the required return on the project is 10 percent. What is the project's NPV? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3216.
The profitability of a project or investment is assessed using the financial statistic known as net present value (NPV).
To calculate the Net Present Value (NPV) of the project, we need to discount the project's cash flows to their present value and subtract the initial investment. Here's the calculation:
Year 0:
Initial Investment: -$2,400,000
Year 1:
Net Cash Flow = Sales - Costs = $3,010,000 - $2,030,000 = $980,000
Tax Payment (23%): $980,000 * 0.23 = -$225,400
After-Tax Cash Flow: $980,000 - $225,400 = $754,600
Present Value (PV) of Year 1 Cash Flow: $754,600 / (1 + 0.10)^1 = $686,909.09
Year 2:
Net Cash Flow = Sales - Costs = $3,010,000 - $2,030,000 = $980,000
Tax Payment (23%): $980,000 * 0.23 = -$225,400
After-Tax Cash Flow: $980,000 - $225,400 = $754,600
Present Value (PV) of Year 2 Cash Flow: $754,600 / (1 + 0.10)^2 = $623,140.50
Year 3:
Net Cash Flow = Sales - Costs = $3,010,000 - $2,030,000 = $980,000
Tax Payment (23%): $980,000 * 0.23 = -$225,400
After-Tax Cash Flow: $980,000 - $225,400 = $754,600
Present Value (PV) of Year 3 Cash Flow: $754,600 / (1 + 0.10)^3 = $519,850.77
Now we can calculate the NPV by summing up the present values and subtracting the initial investment:
NPV = PV of Year 1 Cash Flow + PV of Year 2 Cash Flow + PV of Year 3 Cash Flow - Initial Investment
NPV = $686,909.09 + $623,140.50 + $519,850.77 - $2,400,000
NPV = -$570,099.64
Therefore, the NPV of the project is -$570,099.64.
To know more about Net Present Value visit:
https://brainly.com/question/32720837
#SPJ11
develop a critical understanding of major concepts, frameworks,
and methods in marketing and corporate social responsibility, and
assess their application in the business environment, including
brand
Marketing and Corporate Social Responsibility (CSR) are two interconnected areas that play a crucial role in shaping businesses' impact on society. Understanding the major concepts, frameworks, and methods in marketing and CSR is essential for businesses to operate responsibly and sustainably. Let's explore these concepts and their application in the business environment, particularly in relation to branding.
1. Marketing Concepts:
- Target Market: Identifying and understanding the specific group of customers that a business aims to serve.
- Marketing Mix: Comprising the 4Ps (Product, Price, Place, Promotion) that businesses utilize to create and deliver value to their target market.
- Customer Relationship Management (CRM): Managing and nurturing long-term relationships with customers to enhance customer satisfaction and loyalty.
- Market Segmentation: Dividing the market into distinct groups based on specific characteristics, needs, or behaviors to tailor marketing efforts.
2. Corporate Social Responsibility (CSR) Concepts:
- Triple Bottom Line: Balancing economic, social, and environmental aspects of business performance to achieve sustainable outcomes.
- Stakeholder Engagement: Involving and considering the interests and perspectives of various stakeholders (e.g., employees, customers, communities) in business decision-making.
- Ethical Marketing: Conducting marketing activities in an ethical and responsible manner, adhering to principles such as honesty, transparency, and fairness.
- Sustainability: Integrating environmental and social considerations into business strategies to minimize negative impacts and contribute to long-term societal well-being.
Application in the Business Environment:
a. Branding and CSR:
- Purpose-driven Branding: Businesses align their brand with a meaningful social or environmental cause, fostering a positive brand image and connecting with socially conscious consumers.
- CSR Communication: Effective communication of CSR initiatives through branding helps build trust, enhance brand reputation, and differentiate the company from competitors.
- Brand Authenticity: Consumers increasingly value authentic brands that demonstrate genuine commitment to CSR, creating a competitive advantage in the market.
b. Marketing and CSR Integration:
- Cause-related Marketing: Businesses partner with non-profit organizations or support social causes to create mutually beneficial marketing campaigns.
- Green Marketing: Promoting environmentally friendly products or practices to meet growing consumer demand for sustainability.
- Socially Responsible Advertising: Avoiding misleading or deceptive advertising practices and ensuring marketing messages align with CSR commitments.
c. Stakeholder Engagement:
- Engaging with customers, employees, and communities to understand their concerns, preferences, and expectations, and incorporating these insights into marketing strategies.
- Listening and responding to stakeholder feedback and incorporating social and environmental considerations into product development and marketing decisions.
d. Ethical Marketing Practices:
- Avoiding deceptive advertising, misleading claims, or manipulative tactics.
- Respecting consumer privacy and data protection in marketing activities.
- Promoting diversity and inclusivity in marketing communications.
e. Sustainability and Product Innovation:
- Developing sustainable products and packaging solutions to minimize environmental impact.
- Communicating the sustainability features and benefits of products to appeal to eco-conscious consumers.
- Emphasizing product durability, recyclability, or energy efficiency in marketing messages.
In conclusion, a critical understanding of marketing and CSR concepts enables businesses to navigate the complex business environment and contribute positively to society. By integrating CSR principles into marketing strategies, businesses can build strong brands, engage stakeholders, and drive sustainable and responsible business practices.
Learn more on Marketing and Corporate Social Responsibility (CSR) here:
brainly.com/question/1373962
#SPJ11
Address Good organisational skills (this skill is required in the company) in 50-150 words each using the STAR format.
• Good organisational skill
STAR format
Situation and Task - Set the scene by describing the place (workplace, university, etc.) and the circumstance or activity where you used the skill/attribute
Action -What was your role / what did you do and how did you do it? Use action words – verbs
Result - What did you achieve? What would you do differently next time? How does it relate to the job you are applying for?
In my previous workplace, I was responsible for managing multiple projects simultaneously while ensuring deadlines were met and resources were allocated effectively.
This required strong organizational skills to keep track of tasks, prioritize work, and coordinate with team members.Action: I implemented a comprehensive project management system to streamline workflows. I created detailed project plans, including task lists, timelines, and milestones. I utilized project management software to track progress, assign tasks, and monitor deadlines. I also maintained a centralized repository for project documentation and established clear communication channels with team members.Result: As a result of my organizational skills, projects were completed within the designated timeframes, and team members were able to collaborate efficiently.
Learn more about management here:
https://brainly.com/question/33091550
#SPJ11
Which of the following statements is most correct? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Microeconomics studies people and macroeconomics studies firms. b Microeconomics studies individual decisions and macroeconomics studies aggregate behavior. C Microeconomics studies the gasoline market and macroeconomics studies the interest rate. d Microeconomics studies personal finances and macroeconomics studies banking. Quantity demanded is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the willingness to pay for the marginal unit. b the amount that an individual demands at a particular price level. always combined with price levels. all of the above are correct C d B
The most correct statement among the given options is: Microeconomics studies individual decisions and macroeconomics studies aggregate behavior.
Microeconomics focuses on analyzing the behavior of individuals, households, and firms in making economic decisions. It examines how individuals allocate their resources, make choices regarding consumption and production, and interact in various markets. Microeconomics studies topics such as supply and demand, consumer behavior, production and costs, market structures, and factors influencing individual choices.
On the other hand, macroeconomics looks at the economy as a whole and studies aggregate behavior and outcomes. It focuses on analyzing broader economic variables, such as overall output, employment, inflation, and economic growth. Macroeconomics aims to understand the factors influencing the overall performance of an economy and the interplay of various economic agents, including households, businesses, and the government.
While microeconomics focuses on individual decisions, preferences, and market interactions, macroeconomics takes a broader perspective, examining factors that impact the entire economy and its overall performance. It considers variables such as national income, GDP, unemployment rates, and monetary and fiscal policies.
Regarding the second question, "Quantity demanded is," the correct answer is:
b) the amount that an individual demands at a particular price level.
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a given price level. It represents the quantity of a product that consumers are willing to buy at a particular price point in the market. The quantity demanded is determined by factors such as price, consumer preferences, income levels, availability of substitutes, and other market conditions.
Learn more about macroeconomics here:
https://brainly.com/question/32569001
#SPJ11
If you pay the bank $500 each year for the next 12 years, after that the bank will pay you $500 each year forever. The interest rate is 7%, answer the following:
1. At the end of 12 years, what is the value of the payments you made to the bank?
2. At the end of 12 years, what is the value you get from the bank?
3. explain why this is or is not a good deal
4. what is the lowest perpetuity payment that makes this a good deal?
Paying $500 annually for 12 years, followed by receiving $500 annually forever, results in a positive net value. It's considered a good deal.
1. The value of the payments made to the bank at the end of 12 years can be calculated using the future value of an annuity formula. Considering an interest rate of 7%, the value of the payments made to the bank would be approximately $6,849.
2. At the end of 12 years, the value received from the bank can also be calculated using the present value of a perpetuity formula. With an interest rate of 7%, the value received from the bank would be approximately $7,142.
3. This can be considered a good deal because the value received from the bank is higher than the value of the payments made to the bank. It provides a positive net value and represents a return on investment.
4. The lowest perpetuity payment that would make this a good deal depends on the desired return on investment. To calculate the exact amount, the perpetuity payment would need to be adjusted until the net present value of the transaction becomes positive.
To know more about annuity, click here:
brainly.com/question/33493095
#SPJ11
We made an application for this application that benefits the university student in all scientific disciplines, as this application includes online summaries and explanations and tests for participation. The student pays 5 riyals per semester. Now I want a solution to this question (in detail)
# Innovation and creativity in your business (Is it Product innovation, Process innovation, or Marketing innovation)
The application developed for university students is a product innovation, offering online summaries, explanations, and tests across scientific disciplines to enhance the learning experience at an affordable cost.
Based on the information provided, the application you have developed for university students can be categorized as a product innovation. Product innovation refers to the creation and introduction of new or improved products or services to the market. In this case, your application is a new product that offers a range of features and benefits to university students, such as online summaries, explanations, and tests for participation.
The innovation lies in the unique combination of these features, which enhances the learning experience for students across scientific disciplines. By providing accessible and affordable resources, your application addresses a specific need in thsummariese education sector.
To further enhance your product innovation, you could consider adding features like personalized study recommendations, interactive learning tools, or a social platform for students to collaborate and share knowledge. Continuously updating and expanding the content based on user feedback and incorporating emerging technologies like artificial intelligence and virtual reality can also contribute to the ongoing innovation of your product.
To learn more about technologies click here
brainly.com/question/9171028
#SPJ11
During October 2020, Blondie's Catering Company generated sales revenue of $15,000. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600. Calculate (1) gross profit and (2) net income for the month. Gross profit $ Net income $
To calculate the gross profit and net income, we need to subtract the cost of goods sold and operating expenses from the sales revenue.
1. Gross profit:
Gross profit = Sales revenue - Cost of goods sold
Gross profit = $15,000 - $7,900 = $7,100
2. Net income:
Net income = Gross profit - Operating expenses
Net income = $7,100 - $2,600 = $4,500
Therefore, the gross profit for the month is $7,100, and the net income is $4,500.
To learn more about Gross Profit, visit the following link:
brainly.com/question/942181
#SPJ11
The accountant of Best Beauty Parlor had prepared the financial statements of the company. However, while washing the hair of his aunt, the owner accidentally dropped the ledger and financial statements into a bowl of black dye, ruining the accounting records. Fortunately, he was able to gather some information from an old ledger as follows: - The balances in accounts receivable and accounts payable at the end of 2013 were the same as their respective ending balances in 2012. - The net profit margin was 7%, the gross profit ratio was 55%, and return on assets was 4%. - Total equity was twice the total debt. - Best is in the 50% tax bracket. Preferred dividends amounted to P75,000. - The quick ratio was 7 to 2 , and the current ratio was 5 to 1 . - Interest expense amounted to P150,000, and EPS for common stock was P1.00 per share. - The days' sales in receivables were 115.2, and the average payment period was 72 days. - Purchases for the year amounted to P1,225,000. - The inventory was P325,000 on January 1,2013. - Times interest earned was 3.8 times. - The ratio of the accumulated depreciation to the cost of fixed assets was 0.05 to 1 . - The ratio of selling expenses to sales is 20%, and the ratio of cash to accounts receivable is 75%. - No-par common stock was issued at an average price of P7.88.
- The par value of the 5% preferred stock is 75% of the issuance price.
So for this one, the first thing I did was to get the Accounts Payable and Accounts Receivable and this is my equation:
Average Payment Period = Average Accounts Payable / Daily Credit Purchases
72 = x / (1225000/365) Average Accounts Payable = 241,644 I just want to confirm if this is correct?
Yes, your calculation of the Average Accounts Payable is correct.
To compute the Average Accounts Payable, you use the Average Payment Period,
which was given as 72 days, and the Daily Credit Purchases, which was obtained by dividing the purchases for the year, P1,225,000, by 365 days.
Average Accounts Payable = Average Payment Period x Daily Credit Purchases
= 72 x (P1,225,000 / 365)
= P241,644
Therefore, the Average Accounts Payable is P241,644.
Learn more about Average Accounts Payable, visit here
https://brainly.in/question/54587849
#SPJ11
a. All financial ratios remain at 20x6 levels.
b. Kodak will not record restructuring costs for
20x7.
c. Taxes payable are at the 20x6 level of $544
million.
d. Depreciation expense charged to SG&
The financial statements will reflect stable financial ratios, no restructuring costs, taxes payable at $544 million, and depreciation expense charged to SG&A.
a. If all financial ratios remain at 20x6 levels, it means that the financial performance indicators such as profitability, liquidity, and efficiency will remain consistent with the ratios calculated in the previous year. This assumption suggests that there are no significant changes in the company's financial position.
b. If Kodak will not record restructuring costs for 20x7, it implies that there are no expenses related to restructuring activities such as layoffs, facility closures, or reorganization. This assumption indicates that the company is not undergoing any major structural changes during the year.
c. Assuming taxes payable are at the 20x6 level of $544 million means that the company expects its tax obligations for the current year to be similar to the previous year. This assumption assumes that there are no significant changes in tax laws or the company's taxable income.
d. Depreciation expense charged to SG&A (Selling, General, and Administrative expenses) indicates how much of the total depreciation expense is allocated to these specific operating expenses. This assumption suggests that the company follows a specific accounting treatment where a portion of depreciation is included in SG&A rather than being solely attributed to production or manufacturing costs.
Overall, these assumptions provide a baseline for the financial statements and indicate stability in financial ratios, no restructuring costs, consistent tax obligations, and a specific allocation of depreciation expenses.
To learn more about depreciation, click here: brainly.com/question/30528719
#SPJ11
Your firm purchases goods from its supplier on terms of 1/10, net 30. The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 45 days is closest to:
A.13.0%
B.11.1%
C.15.9%
D.20.1%
The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 45 days is closest to 15.9%.
Given that the firm purchases goods from its supplier on terms of 1/10, net 30. The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 45 days is closest to the option (C) 15.9%.Explanation:Trade discount is referred to as a discount given by the supplier of goods or services to a reseller or distributor as a form of trade promotion. This helps the purchaser (reseller) to sell the goods at a profit by giving a margin above the purchase price. In this case, the firm is getting a discount of 1% if it makes a payment within 10 days. The annual cost of not availing this discount can be calculated by the following formula: Effective annual cost = [(1 + Discount %)^(365/Allowed payment days) – 1] x 100Given,Discount % = 1%Allowed payment days = 30 + 15 = 45Effective annual cost = [(1 + 1%)^(365/45) – 1] x 100= [(1.01)^8.11 – 1] x 100= 1.159 – 1 = 0.159 x 100= 15.9%.
Learn more about accounts here:
https://brainly.com/question/32670218
#SPJ11
7/ The number of people in a department is usually referred to as the span of control.
True
False
8/ Expectancy theory argues that people are mostly rational decision-makers.
True
False
9/ The most important person in the consultant’s universe is the economic buyer.
True
False
10/ The motivational approach to work design balances the social and the technical dimensions of work.
True
False
7. The given statement " The number of people in a department is usually referred to as the span of control " is True. 8. The given statement " Expectancy theory argues that people are mostly rational decision-makers ' is True.9.The given statement "The most important person in the consultant’s universe is the economic buyer" is True. 10. The given statement "The motivational approach to work design balances the social and the technical dimensions of work" is True.
7. True - The span of control refers to the number of subordinates that a manager or supervisor can control effectively. The span of control in an organizational structure determines the number of levels of management that will be necessary to achieve the desired level of supervision and control.
8. True - Expectancy theory argues that people are mostly rational decision-makers. They consider the expected outcomes of their behaviors and choose the action that they believe will lead to the most desirable result.
9. True - In consulting, the economic buyer is the person who is responsible for approving or authorizing the purchase of consulting services. Consultants must establish a relationship with the economic buyer and persuade them that their services will provide value to the organization.
10. True - The motivational approach to work design aims to create a work environment that is stimulating and satisfying for employees. It emphasizes the importance of balancing the social and technical aspects of work to create a motivating work environment.
For more question on supervisor
https://brainly.com/question/1088493
#SPJ8
Several major companies (like Disney and AT&T) have issued "Century Bonds." These
bonds pay regular semi-annual coupons, but do not mature until 100 years after they are
issued. Some critics have stated that there is huge risk that you won't get the principal
(face value) repaid because you just can't predict what will happen to the company in 100
years. For this question assume that the company has just issued a $1000 face value, 8%
coupon bond with semi-annual payments.
a) If currently the yield to maturity for these bonds is 8%, what is the current price
of the bond?
b) What is the present value of the face value alone? What proportion of the bond's
price does the principal payment make up? (Hint: calculate the PV of the $1,000
face value to be paid in 100 years; divide it by the price you calculated in part a)
c) What is the present value of the first 40 years of coupon payments? What
proportion of the bond's price does the first 40 years’ coupon payments make up?
d) Suppose 40 years after the bond’s issuance, by which time, due to the monetary
policy of the Fed, the yield to maturity of the same bond will be 20% at that time.
How much will the bond be worth at that time?
The current price a) is $1,000. b) The PV of the face value is $1,000, 100% of the bond's price. c) The PV of coupon payments is $123.79, 12.38% of the bond's price. d) Forty years after the bond's issuance 20%, the bond will be worth $48.85.
a) When the yield to maturity is equal to the coupon rate (8% in this case), the bond is priced at its face value. Therefore, the current price of the bond is $1,000.
b) The present value of the face value alone can be calculated by discounting the $1,000 to be paid in 100 years back to the present using the yield to maturity of 8%. The present value of the face value is still $1,000, which represents the entire principal payment and 100% of the bond's price.
c) To calculate the present value of the first 40 years of coupon payments, we need to discount each semi-annual coupon payment at a rate of 8%.
By summing the present values of all the coupon payments, we find that the present value of the first 40 years of coupon payments is $123.79.
This amount represents approximately 12.38% of the bond's price.
d) Forty years after the bond's issuance, if the yield to maturity increases to 20%, we need to discount the remaining coupon payments and the face value at this new yield rate.
By calculating the present value of these future cash flows, we find that the bond will be worth $48.85 at that time.
To know more about coupon payments, refer here:
https://brainly.com/question/29653354#
#SPJ11
When a worksheet is used:
Revenue and expense accounts do not have to be closed to the income summary account, because the income statement is prepared from the worksheet and net income is already computed,
Adjusting entries are not prepared, since adjustments are shown on the worksheet,
Financial statements may be prepared before recording adjusting and closing entries in the accounting records,
The income statement column and balance sheet column of the worksheet eliminate the need to prepare formal financial statements for a business.
When a worksheet is used, financial statements may be prepared before recording adjusting, and closing entries in the accounting records. Adjusting entries are not prepared, since adjustments are shown on the worksheet.
Revenue and expense accounts do not have to be closed to the income summary account, because the income statement is prepared from the worksheet and net income is already computed.
The Worksheet is a multiple-column document that is used by accountants to assemble the data required to complete end-of-period financial reports. It is important to note that although the worksheet resembles a working paper, it is not a formal document and does not serve as a replacement for the financial statements themselves.
The worksheet eliminates the need to prepare formal financial statements for a company. It ensures that the debits and credits of all accounts balance and also assists accountants in making any required adjustments, such as accruals or deferrals, which will then be incorporated into the formal financial statements. These adjustments may be shown on the worksheet itself.
To learn about financial statements here:
https://brainly.com/question/26240841
#SPJ11
