More than 1 person should prepare and verify payroll processing because-it Reduces human error; ethical purposes.
It still counts as a business expense even if you're not paying someone else to process payroll for you. This is due to the fact that your profit margin is reduced by the wages of your employees and your share of payroll taxes. Additionally, you might need to make the difficult choice to put off payments or take money from other sources if business is slow.
Paying staff via digital or direct deposit rather than paper checks is one way to lessen the impact of payroll on your cash flow. It is more challenging to guarantee that you always have enough money in your bank account when you don't know when someone will cash a paycheck. With direct deposit, you only have to pay payroll expenses on specific days of the week.
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which of the following refers to the preparation of an adjusted trial balance? (check all that apply.) multiple select question. an adjusted trial balance is prepared after adjustments have been posted. the debit and credit column totals must balance. the debit and credit column totals don't have to equal each other on an adjusted trial balance. an adjusted trial balance has one debit column and one credit column. new accounts may need to be added because of the adjusting process. accounts are generally listed in the same order as listed in the chart of accounts. an adjusted trial balance is a list of accounts and balances prepared before adjustments are posted.
All of the following are true, with the exception : An adjusted trial balance is a list of accounts and balances prepared before adjustments are posted.
The following claims regarding the creation of an adjusted trial balance are accurate: After modifications have been posted, an adjusted trial balance is created. The sums in the credit and debit columns need to be equal. One debit column and one credit column make up an adjusted trial balance. The process of modifying can need the addition of new accounts. Generally speaking, accounts are presented in the same order as they appear in the chart of accounts. The following claim is untrue: A list of accounts and balances created before modifications are reported is known as an adjusted trial balance.
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With respect to property, the law defines the right to
a. none of the choices.
b. sell or dispose of it, and prevent trespass onto it.
c. prevent trespass onto it, but not to sell or dispose of it.
d. sell or dispose of it, but not prevent trespass onto it.
With respect to property, the law defines the right to B. sell or dispose of it, and prevent trespass onto it.
With respect to property, the law defines the right to sell or dispose of it, and prevent trespass onto it. This means that the owner of the property has the right to use, transfer, or dispose of their property as they see fit, within the bounds of the law. They also have the right to prevent others from entering their property without their permission, or from using their property in an unauthorized manner. This right to control access to the property is an important aspect of ownership, and is protected by property laws.They have the authority to bar anyone from visiting their land without their consent or from making unlawful uses of it. Property laws preserve this crucial feature of ownership, which is the power to restrict access to the property.
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which of the following is an example of monetary policy? a) a rise in short-term interest rates b) a new bridge being built by the government c) a reduction in the federal income tax d) an increase in social security payments
A rise in short-term interest rates is an example of monetary policy.
A nation's monetary policy is a collection of measures used to promote economic growth and manage its total money supply. Adjusting bank reserve requirements and changing interest rates are examples of monetary policy strategies. Typically, monetary policy is categorized as either expansionary or contractionary.
In open market operations (OMO), the Federal Reserve Bank changes the quantity of outstanding government securities and the amount of money accessible to the economy as a whole by purchasing bonds from investors or selling additional bonds to investors. OMOs are designed to manage short-term interest rates, which in turn impact other interest rates, by varying the amount of reserve balances.
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when a retailer sells merchandise on account, the entry for the sales price would be:
When a retailer sells merchandise on account, the en-try for the sales price would be: debiting acc-ounts receiv-able and credit-ing sales revenue.
Merchandise refers to any ty-pe of goods, including pers-onal or commercial products, as we-ll as commodities that are sold to mem-bers of the public (retail) or other businesses (whole-sale).
What is Sales Revenue?Sales revenue is the in-come received by a comp-any from its sales of go-ods or the pro-vision of services. In account-ing, the terms “sales” and “revenue” can be, and of-ten are, used inter-changeably to mean the same thing. It is import-ant to note that revenue does not nece-ssarily mean cash recei-ved.
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explain the relationship between logistics and supply chain management?
The relationship between logistics and supply chain management are logistics focuses on the internal movement of products, supply chain management manages interactions between various entities.
Distribution management controls the whole supply chain of a business, from manufacturers to retailers to vendors and suppliers, including packaging, inventory, warehousing, and logistics. A business needs to develop a distribution management plan in order to be successful and last..
To maintain the best material flow along the whole value chain, from raw material storage to production and completed product storage, production logistics oversees and regulates all products inventories and movements within manufacturing facilities.
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What were Solicit10's revenues from sales of commercial software in the legal sector for the year in 2020?
A) $2.23 Billion
B) $220 Billion
C) $5.12 Billion
D) $14.86 Billion
E) $148 Million
Solicit10's revenue from sales of commercial software in the legal sector for the year in 2020 was about $148 million.
Revenue from sales refers to the amount of money that a company earns from the sale of its products or services. It is a measure of the company's income or top-line growth and is a key component of its financial performance. Revenue from sales is an important indicator of the company's financial health and is used by investors, analysts, and other stakeholders to assess the company's growth potential and profitability. Revenue is typically calculated by multiplying the number of units sold by the price per unit. For example, if a company sells 100 units of a product for $100 each, the company's revenue from sales would be $10,000. The revenue from sales can be influenced by various factors, including changes in market conditions, shifts in consumer demand, competition, and pricing strategies. It's important to note that revenue from sales is not the same as profit. While revenue from sales measures the amount of money a company earns from its operations, profit takes into account all of the company's expenses, including costs of goods sold, operating expenses, and taxes. Profit is calculated as revenue from sales minus all expenses, and it represents the amount of money that a company retains after all of its expenses have been paid. Revenue from sales is a critical component of a company's financial statements and is typically reported on the income statement. The accuracy and integrity of the revenue from sales information is crucial to the credibility of the financial statements, as it serves as the basis for other important financial metrics, such as profit margins and earnings per share.
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During the planning phase of the audit, you met with Pinnacle’s management team and performed other planning activities. You encounter the following situations that you believe may be relevant to the audit: 1. Your firm has an employee who reads and saves articles about issues that may affect key clients. You read an article in the file titled, "EPA Regulations Encouraging Solar-Powered Engines Postponed?" After reading the article, you realize that the regulations management is relying upon to increase sales of the Solar-Electro division might not go into effect for at least ten years. A second article is titled, "Stick to Diesel Pinnacle!" The article claims that although Pinnacle has proven itself within the diesel engine industry, they lack the knowledge and people necessary to perform well in the solar-powered engine industry. 2. You ask management for a tour of the Solar-Electro facilities. While touring the warehouse, you notice a section of solar-powered engines that do not look like the ones advertised on Pinnacle’s Web site. You ask the warehouse manager when those items were first manufactured. He responds by telling you, "I’m not sure. I’ve been here a year and they were here when I first arrived." 3. You also observe that new computerized manufacturing equipment has been installed at Solar-Electro. The machines have been stamped with the words, "Product of Welburn Manufacturing, Detroit, Michigan." 4. During discussions with the Pinnacle controller, you learn that Pinnacle employees did a significant amount of the construction work for a building addition because of employee idle time and to save costs. The controller stated that the work was carefully coordinated with the construction company responsible for the addition. 5. While reading the footnotes of the previous year’s financial statements, you note that one customer, Auto-Electro, accounts for nearly 15% of the company’s accounts receivable balance. You investigate this receivable and learn the customer has not made any payments for several months. 6. During a meeting with the facilities director, you learn that the board of directors has decided to raise a significant amount of debt to finance the construction of a new manufacturing plant for the Solar-Electro division. The company also plans to make a considerable investment in modifications to the property on which the plant will be built. 7. While standing in line at a vending machine, you see a Pinnacle vice president wearing a golf shirt with the words "Todd-Machinery." You are familiar with the company and noticed some of its repairmen working in the plant earlier. You tell the man you like the shirt and he responds by saying, "Thank you. My wife and I own the company, but we hire people to manage it." 8. After inquiry of the internal audit team, you realize there is significant turnover in the internal audit department. You conclude the turnover is only present at the higher-level positions. 9. While reviewing Pinnacle’s long-term debt agreements, you identify several restrictive covenants. Two requirements are to keep the current ratio above 2.0 and debt-to-equity below 1.0 at all times. 10. The engagement partner from your CPA firm called today notifying you that Brian Sioux, an industry specialist and senior tax manager from the firm’s Ontario office, will be coming on-site to Pinnacle’s facilities to investigate an ongoing dispute between the Internal Revenue Service and Pinnacle. 11. A member of your CPA firm, who is currently on-site in Detroit at the Welburn division, calls you to see how everything is going while you are visiting Solar-Electro in Texas. During your conversation, he asks if you know anything about the recent intercompany loan from Welburn to Solar-Electro. Required a. Review Part I of the case and the situations in Part II and identify information that affects your assessment of acceptable audit risk. Note that only some of the situations in Part II will relate to acceptable audit risk. Classify the information based on the three factors that affect acceptable audit risk. External users’ reliance on financial statements Likelihood of financial difficulties Management integrity b. Assess acceptable audit risk as high, medium, or low considering the items you identified in requirement a. (A risky client will be assessed as a low acceptable audit risk.) Justify your response. c. Identify inherent risks for the audit of Pinnacle using the information from Parts I and II. For each inherent risk, identify the account or accounts that may be affected. Please answer a, b and c for 7, 8 & 9.
Project scope management refers to the set of processes that ensure that the project scope is accurately defined and mapped.
Scope management techniques enable project managers and supervisors to allocate the right amount of work required to successfully complete a project. This is primarily to control whether it is part of the project scope.
Project scope management identifies and documents all project goals, objectives, deliverables, deadlines, and budgets during the planning process. Change is common in project management, especially in large projects.
The scope of knowledge is very important for project managers, and the Project Management Institute emphasizes this. Scope refers to a detailed set of project deliverables or features. These services are derived from project requirements. PMBOK defines the scope of a project as "the work that needs to be performed to deliver a product, service or result with specified characteristics and functions".
One of the most difficult tasks when leading a project is tracking stakeholder and customer expectations. But with a clear scope and timeline in place, project managers can more easily ensure deadlines are met and time is used efficiently throughout the project lifecycle.
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in each of the following situations, why are firms likely to benefit from vertical integration? a grain elevator is located at the terminus of a rail line. a manufacturer of a product with a national, brand-name reputation uses distributors that arrange for advertising and promotional activities in local markets. a biotech firm develops a new product that will be produced, tested, and distributed by an established pharmaceutical company.
The firms likely to benefit from vertical integration in a situation like a grain elevator is located at the terminus of a rail line .
Integration of the supply chain comes in two flavours. Horizontal integration entails working with or purchasing from rivals. On the other hand, vertical integration entails purchasing or cooperating closely with businesses that are above and below your company in the supply chain. Vertical integration is a business approach where a corporation manages various stages of its supply chain and manufacturing process. Companies with vertical integration can reduce or even do away with the need to rely on external parties for things like production and transportation. There are three types of vertical integration: balanced vertical integration, which includes both upstream and downstream integration, and backward vertical integration, which occurs upstream. Vertical integration is a tactic that enables a business to simplify operations by directly controlling different manufacturing process stages.
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_____ sees the economy as a perpetual motion machine. A. New growth theory B. Malthusian growth theory C. Classical growth theory D. New population theory
Malthusian growth theory sees the economy as a perpetual motion machine. The modern Keynesians hold the view that the economy functions like a perpetual motion machine.
With government spending serving as the "grease" that prevents it from slowing down. If I had to sum up the entire Keynesian collection of errors in one sentence, it would be this. First-class perpetual motion machines are capable of performing work endlessly without external energy. People have been enthralled by this idea since ancient times. The "closed-cycle water mill" economy by English physician Robert Fludd in 1618 is one of the examples. The characteristic of a hypothetical machine that, once started, keeps moving eternally without requiring any external energy.
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how much was paciano's remittance?
The Pacino's remittance is P 1,000. Remittances are normally moves starting with one individual then onto the next individual or family. They are focused on to explicit requirements of the beneficiaries and consequently will generally decrease neediness.
A remittance is cash that is sent starting with one party then onto the next. As a general rule, installment of a receipt or a bill can be known as a settlement. Notwithstanding, the term is most frequently utilized these days to depict an amount of cash sent by somebody working to another country to their family back home.
The term is gotten from the word dispatch, and that means to send back.
Settlements can be cash sent as installment for a bill. Be that as it may, most settlements include sending cash to family members. They are much of the time sent by unfamiliar specialists to relatives in their nations of origin.
The most widely recognized approach to making a settlement is by utilizing an electronic installment framework through a bank or an electronic cash move administration like Western Association. Individuals who utilize these choices are by and large charged an expense. Moves can require just ten minutes to arrive at the beneficiary.
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which category in the 4e framework of social media might include discussing a contest for free merchandise that takes place in-store to bring customers into the facility?
A contest for free goods that is held in-store to draw people in can fall under the 4e framework's engagement category for social media.
This kind of activity would most likely be classified as "engagement " in the 4E Framework of Social Media, which stands for "Engage," which is the use of social media to promote connections and engagement with consumers and other stakeholders. A business offers clients the chance to participate and connect with the brand in a fun and engaging way by holding an in-store contest for free items. This kind of activity is a vital element in the overall marketing and engagement strategy since it may foster brand loyalty, raise consumer interaction, and enhance foot traffic to the facility.
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which statements about the balance sheet are correct? select three choices. health insurance, and rent will be listed in the liabilities column. anna will need to find the total value of her jewelry and bank account. the period of the balance sheet will be one year. anna will add the value of the assets and subtract the value of the liabilities. the items in the table will be listed in four columns.
The proper phrase is "Rent, health insurance, and other liabilities are shown in the liabilities column of the balance sheet.
The company's balance sheet, which represents its financial situation and confirms its accuracy, would be the last step in the financial process. In this case, the balance sheet's left side might be used to list all liabilities while the right side may be used to list assets. She will use the total value of everything for a full year. The assets, liabilities, and shareholder equity of a corporation are listed on a balance sheet, an accounting document. The balance sheet is one of the three main financial statements that are examined while examining a firm. You can get a brief overview of your company's financial status via a balance sheet.
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a fixed point in a supply chain where goods are processed, mixed, held, or sold is called a: group of answer choices link node operation supply chain
Setting a product's price to be competitive with that of rivals is a practice known as competitive pricing.
Aiming to advertise multi-featured cameras with a targeted P/Q rating that is around 0.5 stars above the prior year's industry average, and increasing prices for multi-featured cameras by $10 more than any other company in the industry in each of the four geographical regions. As a result, Choice A is right. What do you mean by pricing that is competitive? Competitive-based pricing, also known as competition-based pricing, refers to a pricing approach in which your own price point is significantly influenced by that of your rivals. This tactic puts more emphasis on the market than it does on your expenses (Cost Plus Pricing). Setting a product's price to be competitive with that of rivals is a practice known as competitive pricing. An example from the actual world is the price of popular items on Amazon.com.
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if a plaintiff incurs $30,000 in damagaes related to medical expenses and lost wages, what are these?
If a plaintiff suffers damages totaling $30,000 due to medical costs and missed wages, this indicates that there is a judgment lien.
Judgment lien:A judgment lien cannot be placed on your property before a person has successfully sued you and obtained a monetary judgment against you. Most states require the "judgment creditor," or the person or business that prevailed, to file the judgment with the county or state in order to record it.
A "nonconsensual lien," or a lien that affixes to your property without your consent, is a judgment. When you lose a case and the losing party records the money judgment against your property, it creates a judgment lien. Find out more about: Upon receiving a judgment lien, a creditor affixes the lien to real estate.
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ashburn corporation issued 20-year bonds 2 years ago at a coupon rate of 7.2 percent. the bonds make semiannual payments. if these bonds currently sell for 95 percent of par value, what is the ytm?
If the price of these bonds is currently 95% of their par value, The YTM of these bonds is approximately 7.5%.
What is the YTM?
YTM (Yield to Maturity) is the total return expected on a bond if it is held until the maturity date. It is the internal rate of return of the bond, taking into account all coupon payments and the face value of the bond. In this question the answer in the step by step order given below
Calculate the present value of the bond.
The present value of the bond can be calculated by multiplying the face value of the bond (also known as par value) by the current market price of the bond (in this case, 95%).
Present Value = Par Value x Market Price
Present Value = 100 x 0.95
Present Value = 95
Calculate the present value of the coupon payments.
The present value of the coupon payments can be calculated by multiplying the coupon payment amount by the present value of an annuity factor.
The annuity factor can be found using a financial calculator or by using the following formula:
Annuity Factor = [1 - (1/(1+r)^n)] / r
Where r is the interest rate (in this case, 7.2%) and n is the number of payments (in this case, 40).
Annuity Factor = [1 - (1/(1+0.072)^40)] / 0.072
Annuity Factor = 37.3
The present value of the coupon payments can then be calculated by multiplying the coupon payment amount (7.2% of par value) by the annuity factor.
Present Value of Coupon Payments = Coupon Payment Amount x Annuity Factor
Present Value of Coupon Payments = 0.072 x 100 x 37.3
Present Value of Coupon Payments = 267.2
Calculate the YTM.
The YTM can be calculated by solving for the interest rate that makes the present value of the bond equal to the present value of the coupon payments. This can be done using a financial calculator or by trial and error.
For this example, the YTM is approximately 7.5%.
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When did slavery first emerge in Virginia?
a. Slaves arrived with the very first colonists
b. The Dutch sold 20 Africans to Virginia colonists
c. After the defeat of Opechancanough
d. After Bacon's Rebellion
Slaves arrived with the very first colonists did slavery first emerge in Virginia.
Aboard the English entrepreneur- ship White Lion, 20–30 enslaved Africans arrived at Point Comfort, present-day Fort Monroe in Hampton, Virginia. These Africans reportedly exchanged for provisions in Virginia. A second ship (Treasurer) with more slaved Africans landed in Virginia a few days later.
Tobacco was established by Virginian plantation owners as their main export. It required a lot of labour, and because it was in high demand in England as well as Europe, the colony imported more African slaves.
Therefore, the correct answer will be option (a)
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market stakeholders include which of these groups? (check all that apply.)
Market stakeholders include customers, investors, suppliers, employees and communities. Customers are those who buy products or services from a company. They have a vested interest in the company's success because they are the ones who generate the revenue that allows the company to grow and stay in business.
Investors are those who provide capital to the company to finance operations and growth. Suppliers provide the materials and components used to manufacture the company's products. Employees are those who work for the company and are critical to its operation and growth. Communities represent the local area and society in general in which the company operates. Customers provide revenue, investors provide capital, suppliers provide materials, employees provide labor, and communities provide the environment in which a company operates.
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What does the Human Relations Movement suggest went wrong at Sears? (4 marks) 4
. Use the four parts of a system to diagnose the company’s decline. Provide support for your conclusions. (4 marks)
Poor leadership contributed to Sears' collapse.
The term "human relations movement" describes organizational development scholars who examine group dynamics, notably at work, as well as other related ideas from disciplines like industrial and organizational psychology. It dates back to the Hawthorne studies of the 1930s, which looked at how social interactions, motivation, and worker satisfaction affected the output of factories. Human relations management was established as a result of the movement, which saw workers as individuals with unique psychology and corporate fit rather than as interchangeable pieces.
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what kind of volatility did the firm’s risk model assume
Volatility is a statistical measure of the spread of returns for a particular security or market index.
Volatility is often measured using the standard deviation or variance between returns of the same security or market index. In securities markets, volatility often involves large swings in both directions. For example, if the stock market goes up or down by 1% or more over an extended period of time, it is called a "volatile" market. Asset volatility is an important factor in option contract pricing.
Volatility indicates how much an asset's price fluctuates around its average price. This is a statistical measure of the spread of returns.
There are several ways to measure volatility, including beta coefficients, option pricing models, and standard deviation of returns.
High volatility assets are often viewed as riskier than low volatility assets because their prices are expected to be less predictable.
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Refer to the accompanying figure. If there is a $700 government-imposed price antigouging law imposed on generators, how will the market be affected in the short run? Price (per generator) ather the disaster-S900 maximum under gouging law-$700 betore the disaster -$530 before-500 Qaer 700Quantity (gas generators) O There will be a shortage of 200 generators. 0 There will be a shortage of 100 generators. Price gougers will enter the market and provide a surplus of 100 generators. The government will intervene and order a surplus of 100 generators. No changes will ocur in the market, since anti-price-gouging laws are now in effect.
100 extra generators will be ordered by the government. Since anti-price-gouging regulations are now in force, the market won't change.
Price restrictions, as previously said, will prevent the preservation of commodities at precisely the time when there is a particularly high demand for them. Price limitations also discourage unusual efforts to import highly desired items into the impacted area. This is especially detrimental during a crisis. Furthermore, it exacerbate rises in non-cash pricing such as increased scarcity, more challenging searches, longer lines and wait times, extended shipment periods, and, occasionally, increased black market activity although if price gouging laws were to lower cash prices. Price gouging benefits the economy. The majority of the time, it forces the most efficient resource allocation.
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credit that requires collateral which ensures payment of the loan is reffered to as credit
Credit that requires collateral is a type of loan that is secured by an asset or property that the borrower owns. The collateral acts as a guarantee for the loan and if the borrower defaults on payments, the lender can seize the collateral and use it to recover its losses.
Collateral is typically used for larger loan amounts, such as mortgages, auto loans, and small business loans. Collateral can greatly reduce the risk for the lender since it offers a source of repayment. It also typically helps the borrower get a lower interest rate and better terms since the lender is more confident about repayment. As a result, credit with collateral can be a great way for borrowers to secure the financing they need.
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Suppose you purchase a 30-year Treasury bond with a 5% annual coupon, initially trading at par. In 10 years' time, the bond's yield to maturity has risen to 7% (EAR). (Assume $100 face value bond.) a. If you sell the bond now, what internal rate of return will you have earned on your investment in the bond? b. If instead you hold the bond to maturity, what internal rate of return will you earn on your initial investment in the bond? c. Is comparing the IRRs in (a) versus (b) a useful way to evaluate the decision to sell the bond? Explain. a. If you sell the bond now, what internal rate of return will you have earned on your investment in the bond? The IRR of the bond is __%. (Round to two decimal places.)
The Internal rate of return is calculated as 3.16582683734338% and the final IRR is 5.0000%.
a.
=RATE(10,5%*100,-100,PV(7%,20,-5%*100,-100))
=3.16582683734338%
b.
=RATE(10,5%*100,-100,100)
=5.0000%
c.
No because the market rates might have fallen now and secondly the part b IRR is assuming reinvestment at 5% but that might not be possible.
The internal rate of return( IRR) is a metric used in fiscal analysis to estimate the profitability of implicit investments. IRR is a reduction rate that makes the net present value( NPV) of all cash flows equal to zero in a blinked cash inflow analysis.
IRR computations calculate on the same formula as NPV does. Keep in mind that IRR isn't the factual bone value of the design. It's the periodic return that makes the NPV equal to zero.
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the going concern concept: question 18 options: a) applies to entities that are bankrupt and in the process of liquidating b) dictates that the recording of transactions should be based on reliable and verifiable evidence c) presumes that an entity will continue to operate indefinitely and will not be sold or liquidated d) establishes the boundaries of the unit to be accounted for e) none of the above
The going concern has a concept to d) establishes the boundaries of the unit to be accounted. Going concern concept is during and beyond the next fiscal period a company will complete its current plans, use its existing assets and continue to meet its financial obligations.
In economic and business, Going concern generally can be defined as an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary. Going concern concept also refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. In economic, going concern concept has a assumption that the business can generate income, meet its obligations and doesn't plan or won't need to liquidate in the coming year.
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If the P/E ratio is 12, and the earnings per share is $1.30, what is the price of the stock?
a. Cannot be determined without dividends per share.
b. Cannot be determined without a discount rate
c. $1.30 per share
d. $15.60 per share
The cost of the stock is $15.60 per share.
PE Ratio = Price / Earnings
12 = Cost/1.30
Cost = 12 * 1.30
Cost = $15.60 per share
A share price – or a stock price – is the amount it would cost to get one offer in an organization. The cost of an offer isn't fixed, yet changes as per economic situations.
It will probably increment in the event that the organization is seen to do effectively, or fall on the off chance that the organization isn't measuring up to assumptions. Assuming that there are a greater number of purchasers than merchants, the stock's cost will climb.
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the art of public speaking chapter 4 answer key
The answer key for Chapter 4 of the "The Art of Public Speaking" may include answers to questions or exercises found in the chapter, as well as explanations and clarifications for important concepts covered.
This can help students to assess their understanding of the material and identify areas that they may need to review more closely. The answer key may also include tips and suggestions for improving public speaking skills, such as strategies for overcoming nervousness, making effective eye exercises, and delivering dynamic and engaging presentations. These resources can be valuable for anyone looking to enhance their public speaking abilities and become more confident and effective communicators.include answers to questions or exercises found in the chapter, as well as explanations and clarifications for important concepts covered.
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if you bought a condo for $450,000, and the following year, the market value dropped to $350,000. what is the percentage decrease?
If you bought a condo for $450,000, and the following year, the market value dropped to $350,000, so the percentage decrease is 22.2%.
The cost at which something is originally bought, particularly from the perspective of the buyer, is known as the brought price or purchase price. The sum an owner pays for an asset is referred to as the purchase price, and that amount becomes the investor's cost basis for determining the profit or loss when the asset is sold.
The phrase "market value" refers to the amount that a business or product is valued by market players on the financial market. It is frequently applied to refer to a company's market capitalization, which is determined by dividing the total number of outstanding shares by the current share price.
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Management at WorkAndrew knows that the restaurant business is the right industry for him. Earlier this year, he opened a small restaurant offering seafood, steaks, and unique side dishes not found at other restaurants. He did not have the savings to quit his existing job as a waiter, so the new restaurant is open only Monday through Thursday nights, which is when is when he is not working his waiter job at the other restaurant. Although the restaurant is open only 4 days per week, Andrew works up to 16 hours on each of those days. He arrives early in the morning to receive deliveries from vendors and complete paperwork, and he is usually the last person to leave at night after the cleanup is finished.After 6 months, Andrew was disappointed that the restaurant had not achieved the anticipated level of profits and success. It didn’t seem right that Andrew could work so hard, yet still be struggling to run the business. All revenue was immediately used to pay wages to the small staff or the vendors, but Andrew was not taking home any money and relying on the money he earned as a waiter at the other restaurant. He was also learning that running a restaurant involves much more than meets the eye. For example, in his job as a waiter, Andrew never had to deal with issues such as inspections by the Health Department or finding an ingredient when a vendor is unable to deliver an item. Last Thursday, the evening special was grilled lobster, but the restaurant did not have enough lobster.What should you tell Andrew are possible reasons his restaurant is not achieving the success he desires? Check all that apply.a) A successful restaurant needs systems in place to identify problems before they disrupt business.b) Andrew should step back and apply more common sense to his business decisions.c) A new restaurant may not be profitable after just 6 months; many new businesses do not have profits for at least 6 months or a year.d) Although Andrew has been working hard, the restaurant is not yet profitable, so he must work even harder.Imagine that a friend wants to start a new business and has asked you what it takes to succeed as an entrepreneur. Based on the guidance provided by the SBA, you would explain that successful entrepreneurs possess which of the following characteristics and skills?Check all that apply.a) They are persuasive speakers.b) They are deferential decision makers.c) They are comfortable with risk.d) They are skilled negotiators.Imagine you are an investor on the show, Shark Tank. You are listening to a pitch by an entrepreneur who plans to produce an innovation in the landscaping business. He’s asked for enough money to set up manufacturing and create a 6-month supply of inventory. He plans to work on the business full time, but he’s already invested all of his own savings. Which common reason for new venture failure concerns you? Check all that apply.a) Control systems can help entrepreneurs be aware of trouble in a timely manner.b) Neglect and limited time is a common reason for the failure of new ventures.c) Entrepreneurs may lack the financial capital to keep the business going until revenues are generated.d) Some entrepreneurs overestimate their own management acumen.
The advantages of owning a small business include independence and flexibility in terms of location and business hours.
Additional advantages include lower costs, flexibility to adapt to changing market conditions, focus on narrow niche markets, and reputation. As a business owner, you are in complete control of everything, including your income, expenses, and debt. You make all the critical decisions. One of the main benefits of independence is that it is easier to make the decisions that work best for you. You should always keep others in mind, but your life is your life and your main priority should be yourself. Being independent gives you the ability to take care of yourself, be it emotionally, physically, or financially. As a result, you are in a better position to help others. In turn, this increases happiness, promotes a sense of belonging, gives you a sense of purpose, and increases your satisfaction with life. Less bureaucracy is one of the main competitive advantages that small companies have over large ones. Small businesses tend to have fewer decision makers, which makes decision making faster.
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when identifying a target market, businesses often create a record of information such as age, income level, ethnic background, occupation, and attitudes, this is known as a(1 point)
When identifying a target market, businesses often gather a record of information about their potential customers. This information can include a variety of factors such as age, income level, ethnic background, occupation, and attitudes. The process of gathering and analyzing this information is known as market segmentation.
Market segmentation is the process of dividing a larger market into smaller groups of consumers with similar needs or characteristics. This allows businesses to tailor their marketing efforts and product offerings to the specific needs and preferences of each target market. By understanding their target market, businesses can more effectively reach and engage with their customers, leading to increased sales and profitability.
The record of information that businesses create when identifying a target market is commonly referred to as a buyer profile or demographic profile. This profile provides businesses with a detailed understanding of their target market, including information about their age, income level, ethnic background, occupation, and attitudes. This information can be used to develop marketing strategies that are specifically tailored to the needs and preferences of each target market.
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The most recent presidential budget that was presented to Congress with a planned surplus was presented by which President?
A. Reagan
B. Nixon
C. Clinton
D. George W. Bush
During his administration, which spanned from 1993 to 2001, Bill Clinton submitted the most current budget before Congress with a projected surplus.The answer is C) Clinton.
Tax hikes and expenditure reductions worked together to lower the federal budget deficit and produce a balance in the late 1990s, which led to Clinton's budget surplus. Since that time, no president has submitted a budget to Parliament with a projected surplus. Clinton is the proper response.Bill Clinton presented the most recent budget to Congress with a planned surplus during his presidency, which ran from 1993 to 2001. Clinton's budget surplus was the result of a combination of tax increases and spending cuts, which helped to reduce the federal deficit and resulted in a surplus in the late 1990s. Since then, there have been no presidential budgets presented to Congress with a planned surplus.
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Answer: the answer is c
Explanation: It is the right answer so just take it or dont
refer to table 11-14. what word (rises or falls) should go in blank (11) and blank (12), respectively, to summarize the resulting impact on short run equilibrium of the given change in the economy?
The fall in aggregate demand leads to a decrease in real GDP and a decrease in the price level. As such, the equilibrium price level and real GDP both fall in the short run.
In blank (11), the word "rises" should go to summarize the resulting impact on the short run equilibrium of the given change in the economy. In blank (12), the word "falls" should go to summarize the resulting impact on the short run equilibrium of the given change in the economy.
When the economy experiences an increase in consumer spending, the demand for goods and services rises with it, and this causes the aggregate demand to also rise. The rise in aggregate demand leads to an increase in real GDP and an increase in the price level. As such, the equilibrium price level and real GDP both rise in the short run.
On the other hand, when the economy experiences a decrease in consumer spending, the demand for goods and services falls with it, and this causes the aggregate demand to also fall. The fall in aggregate demand leads to a decrease in real GDP and a decrease in the price level. As such, the equilibrium price level and real GDP both fall in the short run.
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