The result of this lawsuit will probably be that Willow will be required to pay damages to Cloud Computing for breaching her contract. The amount of damages will likely be based on the harm that Cloud Computing suffers as a result of Willow working for a competitor.
In some cases, courts will also award attorneys' fees and costs to the prevailing party.When one party to a contract breaches their obligations, the other party may sue for damages. The amount of damages awarded will depend on the harm that the breaching party caused to the other party. In some cases, courts will also award attorneys' fees and costs to the prevailing party. In this case, it is likely that Willow will be required to pay damages to Cloud Computing for breaching her contract.
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the common stock of the p.u.t.t. corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. you do not know whether it will go up or down, however. the current price of the stock is $85 per share, and the price of a 3-month call option at an exercise price of $85 is $8.00. a. if the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $85? (the stock pays no dividends.
The price of a three-month put option will be $3.187 if the stock pays no dividend.
What is put option?The right to sell an asset (the underlying) to the writer (i.e., seller of the put) at a specific price (the strike), by (or at), or at a specific date (the expiry or maturity) is granted by the holder (i.e., the buyer of the put option) of a put or put option in the financial industry. When a put option is bought, it is assumed that the buyer has low expectations for the stock that it covers in the future. Since the owner has the authority to "put up for sale" the stock or index, the term "put" refers to this ability. Puts can also be used in conjunction with other derivatives as part of more complicated investing strategies, and they are particularly beneficial for hedging.
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when a merchandising business is compared to a service business, the financial statement that is not affected by that change is the statement of owner's equity. true false
The statement is False. When comparing the merchandise and Service business the changes are mainly affected by the Balance Sheet in the Financial Statements.
When a merchandising business is compared to a service business, the financial Statement that is not affected by that change is the statement of Stockholders/owner's equity. In a perpetual inventory System, the Merchandise inventory account is duly used to reflect the beginning inventory.
Merchandising is any activity that aids in the sale of a product to a consumer in a retail setting. Retail in-store merchandising is the practice of exhibiting objects that are for sale in a way that inspires customers to buy additional items or products.
Visual display merchandising in retail refers to the practice of selling goods by influencing consumer behavior through product selection, display, pricing, and packaging. Disciplines and discounts, the actual presentation of products and displays, and judgments regarding which products should be shown to which customers at what time are all included in this. In a retail situation, cleverly including complimentary items or accessories is frequently a wonderful method to persuade customers to buy more.
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putting your previous answers together, what advantage is there to using a longer moving average for noise reduction? what do we have to trade off (i.e., what disadvantage becomes more and more pronounced) in doing so?
The advantage of using a longer moving average for noise reduction moving average is used for forecasting goods or commodities with constant demand, where there is a slight trend or seasonality.
Product forecasting is the science of predicting the success of new products in the market. To do this, predictive models should consider product awareness, distribution, pricing, unmet need responses, competitor options, and more.
Forecasting is the technique of using historical data as input to make forward-looking, informed estimates in determining the direction of future trends. Organizations use forecasts to determine how to allocate budgets and plan expected expenses for the next period.
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a man and his neighbor owned homes on adjacent lots in a subdivision. the subdivision's recorded restrictions did not prohibit detached storage sheds, and several homeowners in the subdivision had placed such sheds in their backyards. because the man and the neighbor thought the sheds were unsightly, they both agreed in writing not to place detached storage sheds in their respective yards. their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors. the agreement was promptly recorded. three years later, the neighbor gave his home to his daughter. shortly after moving into the home, the daughter learned of the restriction. she informed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her. does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard?
The man can enjoin the daughter from building the storage because the restriction is binding on the daughter because she is a successor of the previous owner.
Successor:
Successor means a person who has a job, position, or title after someone else simply said that someone who succeeds another person.
Given,
A man and his neighbor owned homes on adjacent lots in a subdivision. , And they both agreed in writing not to place detached storage sheds in their respective yards. They done their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors and agreement was promptly recorded. After three years later, the neighbor gave his home to his daughter. And she shortly after moving into the home, the daughter learned of the restriction. Now, she claimed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her.
Here we need to find does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
While we looking into the give question we have identified that the agreement is signed and register. And it will be enforceable against all assignees, heirs, and successors of the assignees.
Therefore, the man can have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
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A retirement or abandonment of an asset is different from a sale of an asset because?.
A retirement or abandonment of an asset is different from a sale of an asset since a loss must be recognized for the remaining book value.
When a durable asset stops being used, it is regarded as having been disposed of. A retired or abandoned asset loses value by the carrying amount that applied at the time of retirement or abandonment. The asset's carrying value is then reduced by the resulting loss. An asset's retirement or abandonment differs from its sale in that no money is exchanged.
The remaining book value requires a loss to be recorded. When an asset is permanently withdrawn from service, it is counted as retired. Asset retirement might happen via procedures like a sale to a different party or disposal because of obsolescence.
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an acceptable construction of a composite for a firm that complies with global investment performance standards could include all discretionary, fee-paying portfolios that:
An acceptable construction of a composite for a firm that complies with global investment performance standards could include all discretionary, fee-paying portfolios that follow a capital preservation strategy.
What is Global Investment Performance Standards (GIPS)?
Global Investment Performance Standards (GIPS) are a collection of voluntary guidelines that investment managers employ all around the world to guarantee complete disclosure and accurate depiction of their performance. Investors should be able to compare one firm's performance to that of other firms thanks to the criteria.
The GIPS Executive Committee oversees the Global Investment Performance Standards, which were developed by the CFA Institute, a global association for investment management professionals.
The Association for Investment Management and Research-Performance Presentation Standards was the predecessor to the Global Investment Performance Standards (AIMR–PPS).
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if an advertising campaign is aimed at increasing brand awareness and consumers' knowledge of a product's features, the advertising objective should be stated in terms of group of answer choices
If an advertising campaign is aimed at increasing brand awareness and consumers' knowledge of a product's features, the advertising objective should be persuasive advertising.
Consumers' preferences and interests are used by persuasive advertising to persuade them to buy a good or service. This type of advertising frequently emphasizes the advantages the product or service can provide the consumer.
Without being overly educated and informational, persuasive advertising can help you pique the curiosity of your primary target audiences and persuade them to try your product.
When used effectively, persuasive advertising may significantly increase brand loyalty and appeal to a wider audience. We'll discuss persuasive advertising in this article and explain how it differs from other digital advertising strategies.
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billy has chosen to purchase a new vehicle. the vehicle costs $15,000. his apr is 10% and he will be financing the vehicle for 36 months. how much will billy pay each month for his new vehicle?
Billy has chosen to purchase a new vehicle. the vehicle costs $15,000. his apr is 10% and he will be financing the vehicle for 36 months. S he has to pay each month for his new vehicle is $484.01.
Annuity = Annuity * [(1 - (1 / (1 + r)n)]/r
Sum of $15,000 equals Annuity * [0.25826029636 / 0]
150.00 = Annuity * 30.9912355755 Annuity = 150.00 / 30.9912355755 Annuity = 484.0000808061 or 484.000078
The process of raising money or capital for any kind of expenditure is referred to as financing.
financing is crucial to bolstering business finances because it enables organizations to take risks and develop.
A purchase is the act of receiving products or services in return for cash or another form of payment. Typically, cash or credit is used for payment. A purchase might also be made in exchange for taking on a liability or as part of a barter exchange involving the exchange of various non-cash assets.
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your buyer client haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price. what's a good reason for doing so?
Haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price as the market is cold.
What is Market in Fianancial term ?
Any location or system that gives buyers and sellers the ability to exchange financial assets, such as bonds, shares, the different international currencies, and derivatives, is referred to as a financial market. The connection between people with capital to invest and those who need capital is facilitated by financial markets. Financial markets enable players to transfer risk (often through derivatives) and advance trade in addition to making it feasible to obtain funds.
Financial market transactions are subject to risk even while rules and best practices serve as a guidance. The OCC advises and assists national banks that participate in financial market activity.
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boland manufacturing prepared a 2019 budget for 120,000 units of product. actual production in 2019 was 130,000 units. to be most useful, what amounts should a performance report for this company compare?
The amounts a performance report for Boland manufacturing company should compare the actual results for 130,000 units with a new budget for 130,000 units.
What does a performance report contain?A performance report discusses the results of a task or a person's efforts. The report may include a comparison of actual results to a plan or benchmark as well as the difference between the two numbers. When there is an adverse variation in a performance report, the recipient is expected to take action.
A properly-written performance report can help in the entire decision-making process and measure the performance of your company as well as identify any areas that need to be improved. A corporation develops a performance report to describe and assess its overall success. It gives a general picture of how the company is doing.
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enterprising concepts has completed concept testing of its industrial vacuum cleaner. before it begins market testing, in what stage should it engage?
Development of marketing strategy should be engaged before beginning market testing for the products/services.
Marketing strategy development is a stage done just after concept testing and before market testing; this stage involves determining a budget, identifying a target audience, creating a proper channel in order to reach target customers, all the roadmap of actions, and the time to activate them, and setting up clear-cut goals before putting them up in the open market.
The target market description is its first part and then the planned price for the vacuum cleaners. The planned long-run sales are considered after price determination. And after creating a proper strategy of marketing, the vacuum cleaner is ready to be tested in the market with all defined and channelized prices and customers.
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minimizing wasted coverage and customizing the message based on feedback are advantages of blank . multiple choice question. advertising publicity sales promotion personal selling
Minimizing wasted coverage and customizing the message based on feedback are advantages of advertising. The deliberate misrepresenting of facts about goods and services is a significant downside of advertising.
Advertisers frequently exaggerate the real or imagined benefits of a product and make bold assertions in an effort to persuade consumers to behave against their own best interests and engage in coverage that will benefit them. The distinction between an advantage and a disadvantage is that an advantage is any condition, scenario, opportunity, or means that are especially conducive to success or any desired purpose, whereas a disadvantage is a weakness or unwanted quality.
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a company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to the asset by recording an entry to remove it from the balance sheet. multiple choice question.
The company has decided to a) discard the asset by recording an entry to remove it from the balance sheet.
Asset disposal, which is usually accomplished by selling or scrapping an asset, is the removal of an asset from a firm's records. These are frequently long-term assets like machinery, technology, or corporate cars that helped to produce revenues. In the reporting period in which the asset disposal occurs, a gain or loss may need to be recorded on the transaction.
In the given case, the firm owns an asset which is likely to be a fixed asset. If a business holds an asset that has undergone complete depreciation, then the asset has no market value and is no longer utilised in operations. The asset has been decided to be discarded by the firm, and an entry has been made to remove it from the balance sheet.
Complete Question -
A company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to____the asset by recording an entry to remove it from the balance sheet.
a) Discard
b) Depreciate
c) Take a loss on
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an insured who had a life insurance policy for $1 million died. in filing the claim, his wife and children discovered that there was no beneficiary named on the policy. what will happen to the death benefit in this case?
In this case the Life insurance with no beneficiary will paid out to the insured's estate. A probate court then decides where the money goes.
What do you mean by life insurance?
Life Insurance tends to provide for financial support in the event of untimely death as well as acts as a long term investment. Beneficiaries of life insurance mainly include the policyholder appointed to receive the guaranteed death benefit of their life insurance policy. It is the person who is entitled to receive the benefits of the policy. In case without a mentioned beneficiary to claim the death payout, the benefit is paid to the deceased's estate
Life insurance majorly includes
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brianne, a senior engineer, prefers to work in a job that provides her the opportunity to interact with people and make new friends on the job. brianne has a need for .
Brianne, a senior engineer, prefers to work in a job that provides her the opportunity to interact with people and make new friends on the job. brianne has a need for affiliation.
The word engineer (Latin ingeniator[3]) is derived from the Latin words ingeniare ("to contrive, devise") and ingenium ("cleverness"). Engineers, as practitioners of engineering, are professionals who create, design, analyze, build, and test machines, complex systems, structures, gadgets, and materials to fulfill functional objectives and requirements. A verb in the to-infinitive form is most frequently used after opportunity,More often than you might think, chances to fulfill your life goals present themselves to you. It often has to do with whether or not you are prepared for those opportunity, which is why they don't always result in the experiences you hoped for.
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zinc has beginning equity of $295,000, total revenues of $95,000, and total expenses of $59,000. the company has no other transactions impacting equity. its ending equity is:
Zinc has beginning equity of $295,000, total revenues of $95,000, and total expenses of $59,000. The company has no other transactions impacting equity. Its ending equity is $3,31,000.
Given Beginning equity = $295,000
Total revenue = $95,000
Total expenses = $59,000
Ending equity is calculated by subtracting total liabilities from total assets.
Hence, Ending equity = $295,000 + $95,000 - $59,000
= $3,31,000
The net difference between a company's entire assets and its total liabilities is known as a company's equity, or shareholders' equity. In fundamental analysis, a company's equity is used to calculate its net worth.
Shareholders' equity, or the sum of money left over for shareholders after all debts and assets have been paid off, is a measure of a company's net worth.
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paradise corporation budgets on an annual basis for its fiscal year. the following beginning and ending inventory levels (in units) are planned for next year. beginning beginning inventoryinventory endingending inventoryinventory raw material* raw material* 50,000 60,000 finished goods finished goods 90,000 60,000 * three pounds of raw material are needed to produce each unit of finished product. if paradise corporation plans to sell 530,000 units during next year, the number of units it would have to manufacture during the year would be:
The number of unit Paradise corporation will have to manufacture during the year would be 500,000 unit .
Ending inventory :Ending inventory, also known as closing inventory, is the value of goods that a company has available for trade at the conclusion of a given account period. Calculating ending inventory is significant for businesses in nearly every assiduity.
Ending inventory is the quantum of inventory a company has in stock at the end of its financial time. It's nearly bonded with ending inventory cost, which is the quantum of money spent to get these commodities in stock. It should be computed at the lower of cost or market.
Equating the manufacturing unit :Manufacture unit = Ending inventory + Sale unit - Beginning unit
= 60,000+ 530,000- 90,000
= 500,000
Hence , the Manufacture unit = 500,000 Unit
What Is Beginning Inventory?Beginning inventory is the complete financial value of particulars that are in stock and ready to use or vend at the launch of an account period. Also called opening inventory, beginning inventory matches the former account period's ending inventory.
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assume that dot has sufficient capacity to fill the order without harming normal production and sales.what minimum price should dot charge to achieve a $50,000 incremental profit?
Incremental profit per unit to be achieved = $50000/ 2000 units = $25 per unit Minimum price to be charged = Variable costs + Incremental profit
= ($60 + $40 + $30) + $25
= $155
Incrementalism is a technique of working by means of including to undertaking the usage of many small incremental changes rather than a few (notably planned) large jumps. Logical incrementalism means that the steps within the system are sensible.[1] Logical incrementalism focuses on "the energy-Behavioral technique to making plans in preference to to the Formal structures planning method".[1] In public coverage, incrementalism is the approach of change by which many small coverage changes are enacted over the years a good way to create a larger vast based policy trade. Political scientist Charles E. Lindblom developed this theoretical policy of rationality within the Fifties as a center way between the rational actor model and bounded rationality, as both long time, goal-driven coverage rationality and satisficing were not seen as good enough.
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warner bros. initially considered converting to sound production as a way to: a) compensate for the lack of visual interest in its low-budget product. b) respond to audience demand for talking pictures. c) manufacture a pretense for terminating the contracts of high-priced foreign-born actors. d) create a cost-cutting substitute for live entertainment on film programs.
Warner bros. initially considered converting to sound production as a way to Create a cost-cutting substitute for live entertainment on film programs.
Measures taken by a business to lower its costs and increase profitability are referred to as cost cutting. When a business is experiencing financial difficulty or when the economy is weak, cost-cutting measures are frequently put into place. Cost-cutting measures can also be taken if a company's management anticipates future problems with profitability, in which case they can be incorporated into the overall business strategy.
Closing facilities, streamlining the supply chain, downsizing to a smaller office or moving to a less expensive building or area are a few examples of cost-cutting measures. Other options include reducing or eliminating outside professional services like advertising agencies and contractors.
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your variable annuity charges administrative fees at an annual rate of 0.2 percent of account value. your average account value during the year is $230,000. what is the administrative fee for
The administrative fee for the year is
Administrative fee = Average account value × Expense rate
= $230,000 × 0.002 = $460
What is the purpose of administrative?
The main purpose of administrative law consists of ensuring accountability for administrative agencies.
What type of job is administrative?
Administrative workers are those who provide support to a company. This support might include general office management, answering phones, speaking with clients, assisting an employer, clerical work (including maintaining records and entering data), or a variety of other tasks.
What are the 7 administrative roles?
Seven excellent administrative skills to include in a resume
Microsoft Office.Communication skills.The ability to work autonomously.Database management.Enterprise Resource Planning.Social media management.A strong results focus.Learn more about administrative here:- https://brainly.com/question/27755659
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computer wholesalers restores and resells notebook computers. it originally acquires the notebook computers from corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against defects. based on previous experience, computer wholesalers expects warranty costs to be approximately 4% of sales. sales for the month of december are $550,000. actual warranty expenditures in january of the following year were $20,500. required: 1. does this situation represent a contingent liability? 2.
Yes, warranty expense is a contingent liability for the computer wholesalers
Contingent Liability refers to an account being used to anticipate any future cash spending of a firm for a certain expense, the amount of which is easily determinable. Some transactions that fall under this category are Losses from lawsuits, Warranty Repairs, etc.
Yes, a Warranty Expense and Liability account is generally recognized immediately following a sales transaction.
Warranty Expense A/C.......Dr.$22,000
Warranty Liability A/C.....Cr $22,000
To record a contingent liability on warranty repairs
($550,000 x 4%)
Warrant Liability, beginning $22,000
less: Actual Expenditures in January (20,500)
Warranty Liability, ending $1,500
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $510,000; sales of $1,050,000; and income of $121,000. the investment turnover is:
For one of its divisions, Davis Corporation provided the following financial information: average assets of $510,000, sales of $1,050,000, and income of $121,000. 2.059 is the investment turnover.
How many times does an investment turnover?The percentage of a portfolio that is sold in a given month or year is known as turnover in the investing industry. For deals executed by a broker, a rapid turnover rate results in higher commissions. An organization's total revenues are referred to as its overall turnover.
A business's revenue output is compared to its debt and equity using the investment turnover ratio. With a certain amount of funding, a management team's capacity to generate revenue
How are investment turnover figures determined?The turnover ratio gauges the annual trading activity of a fund. It is determined by dividing the lesser of the acquisitions or sales by the monthly average of net assets. Securities with a maturity of under a year are not taken into account.
sales = $1,050,000
assets= $510,000
income= $121,000
investment turnover= Net sales / Average investment assets
investment turnover= $1,050,000 / $510,000
investment turnover= 2.059
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bob works as a torklitt driver in a manufacturing plant. vhen ne is at work. he is covered bv workers compensation insurance. his employer has also included a major medical plan as part of his benefit package, so bob is also covered by insurance outside of working hours, as well. which insurance term best describes this arrangement?
This arrangement is superior due to the insurance term's 24-hour coverage.
How is a 24-hour shift covered?
The best 24/7 shift pattern, assuming a flat 24/7 shift pattern cover requirement, is typically a four- or five-team solution that can use either three shifts (typically eight hours each) or two twelve-hour shifts to provide 24/7 shift pattern cover.
What does a schedule with 24 hours look like?
In a 24-hour schedule, teams work four 10-hour shifts consecutively before taking two days off. They then work four 10-hour third shifts consecutively before taking three days off. They then work four 10-hour second shifts consecutively before taking another three days off.
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sunland corporation currently manufactures a subassembly for its main product. the costs per unit are as follows: direct materials direct labor variable overhead fixed overhead total $4 sunland should 13 8 11 $36 funkhouser company has contacted sunland with an offer to sell it 5,000 of the subassemblies for $29 each. if sunland buys the subassemblies, $5 of the fixed overhead per unit will be allocated to other products. should sunland make or buy the subassemblies? to save $ per unit. redo reload
Sunland should buy the 17 sub-assemblies.
What is an assembly?A demoscene and gaming event in Finland is called The Assembly demoparty. The party for the demoscene is the biggest. Pekka Aakko (Pehu of Accession) and Jussi Laakkonen are the event's principal organizers (Abyss of Future Crew). The Winter event is held in January or February, and the Summer event is held every year between late July and early august. Edition 2020 was available online. From April 1–3, 2022, Messukeskus in Helsinki hosted the most recent Assembly. Early in 2007, Assembly Winter became official. The summer events, known as Assembly Summer, carry on the traditions of the original demoparty, whilst the winter party is more of a gaming-focused LAN party type event.
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shelley has a $180,000, 9%, 15-year loan. using an amortization schedule, what is the interest amount for payment 2?
The principal balance before Payment 4 is made is the same as the principal balance after Payment 3 - $178,558.24.
A principal balance is, at its most basic, the amount outstanding on a loan that needs to be repaid to satisfy the debt. It does not take into account future interest or fees that will accrue. The principal balance is equal to the full amount of money initially borrowed minus what has Payment already been paid against it, without adding in any of the interest that needs to be paid.
$180,000 ÷ 1,000 = $180 X 10.15 = $1,827.
Table Factor = 10.15 ((N = 15, i = 9%))
$180,000 × 9% × 1/12 = $1,350.
$1,827 - $1,350 = $477.
$180,000 - $477 = $179,523 principal balance before Payment 2.
$179,523 × 9% interest × 1/12 = $1,346.42.
$1,827 - $1,346.42 = $480.58.
$179,523 - $480.58 = $179,042.42 the principal balance before Payment 3.
$179,042.42 x 9% interest × 1/12 = $1,342.82.
$1,827 - $1,342.82 = $484.18.
$179,042.42 - $484.18 = $178,558.24 the principal balance after Payment 3 and before Payment 4.
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pierce corp., an accrual-basis, calendar-year c corporation, had the following 2021 receipts: 2022 advance rental payments for a lease ending in 2023 $250,000 lease cancellation payment from a 5-year lease tenant 100,000 pierce had no restrictions on the use of the advance rental payments and renders no services in connection with the rental income. what amount of gross income should pierce report on its 2021 tax return? $100,000 $0 $350,000 $250,000
The gross income is $350000
The sum of an individual's earnings before taxes or other deductions is their gross income, which is sometimes referred to as their gross pay on a paycheck. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services. For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less the cost of goods sold.
Gross Income=Advance Payment of Rent+Payment for Lease Cancellation
=$250,000+$100,000
=$350,000
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why must price cover average variable costs if the firm is to continue operating? if price is less than average variable costs, the firm can minimize losses by producing where marginal cost equals price. the firm can continue to operate because costs will be covered. fixed costs will exceed losses. the firm will minimize its losses by shutting down.
Price must cover average variable cost if the firm is to continue operating as the D) firm will minimize its losses by shutting down.
Price must include AVC or firms will lose more by continuing to operate than by ceasing to exist. Firms will lose not only their fixed costs but also a portion of their variable costs if they produce output when the price is below the average variable cost.
Businesses can keep their losses to their fixed expenses by ceasing operations when the average variable cost exceeds the price. The shutdown point, which indicates the price at which the company would run out of customers to pay its variable expenses, is the junction of the average variable cost curve and the marginal cost curve.
The perfectly competitive firm is at least covering its average variable costs if the market price is above the shutdown point.
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with a monopoly, marginal cost is less than price. does that mean too much or too little is produced by a monopoly for allocative efficiency? why?
The marginal cost for a monopoly is less than the price, the marginal utility / marginal cost ratio for the monopoly's product will be greater than the marginal utility / marginal cost ratio for the rest of the economy,
assuming that the rest of the economy is more competitive. As a result, if the rest of the economy produces less and moves those resources to the monopolistic industry, there will be a net gain in happiness. In other words, the monopolist produces too little for allocative efficiency.
The allocatively efficient quantity of output, also known as the socially optimal quantity, is where demand equals marginal cost, yet the monopoly will not produce at this point. A monopoly, on the other hand, produces too little at too high a cost, resulting in deadweight loss.
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what is meant by planning a project? what does this encompass? who should be involved in planning the work?
The project planning process involves clearly defining the project purpose, defining the project scope, choosing the quality arrangement, and assigning tasks to the appropriate team members. Planning the task should involve everyone in the organization, including the executives or group leader.
What is project planning?
Project planning is frequently used to coordinate several aspects of a project, such as work loads, team management, and project plans. An activity network diagram is used to define the logical relationships between tasks and to identify the critical path. Since it must be done before the project is actually started, project planning is inherently uncertain.
As a result, it is common practice to estimate work duration using a weighted average of optimistic, normal, and pessimistic conditions. The critical chain method includes "buffers" in the planning process to account for potential execution delays. Project management software can be used to calculate float or slack time in the schedule.
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which of the following is the economic role of government? i. to provide the legal framework and public services needed for a market economy ii. to redistribute income and wealth through transfer payments, market intervention, and taxation iii. to address market failure by reallocating resources to correct for positive and negative externalities iv. to promote economic stability, full employment, and low inflation through macroeconomic policies
Government provides the legal framework and the services needed for a market economy to operate effectively.
The legal structure and services required for a market economy to function properly are provided by the government. The legal system establishes the legal standing of corporations, protects private property rights, and permits the formation and execution of contracts.
The assumption is that government involvement will improve resource allocation. The government promotes the volume and security of exchange by providing a medium of exchange, ensuring product quality, clarifying ownership rights, and enforcing contracts. Increased specialization in the utilization of land, labor, money, and entrepreneurial resources is encouraged as a result of market expansion. Such specialization encourages the more effective use of resources.
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