Answer:
what I'm confused
Explanation:
i don't know
The engagement team performed testing of the tax account rollforward and documented the following for testing of the income tax payments for the
current year, "Agreed balance to Tax payments/refunds schedule prepared by the client without exception." Which is the best response as a result of
your review?
Answer the question, then select Confirm
A. You consider the source of the payments/refunds schedule noting it comes from a key system and ITGCs were deemed to be
effective and add this fact to the team's documentation.
B. Additional procedures are not necessary, as the appropriate tie-out procedures were performed.
C. You consider the testing over the accuracy and completeness of management's schedule which has been performed in a
separate EGA, ensure the balance in the rollforward agrees to the testing performed, and enhance the tax team's documentation to
reference the additional testing.
D. As part your review of the team's work, you re-perform their procedures by agreeing the balance to the payments/refunds
schedule obtained from the client.
Confirm
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
What does it mean to carry out testing of tax account?This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
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What can cause the market demand curve for day old bread and inferior hood to shift rightward an increase in demand
A decline in income is one factor that can lead the market demand curve for day-old bread to move to the right.
What might cause a demand curve to shift to the right?If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing. Despite the fact that prices haven't increased, people will purchase more of everything.
When income increases the demand curve for an inferior good?As income rises or the economy gets better, the demand for subpar products declines in economics. Consumers will be more inclined to spend money on pricey alternatives if this occurs. Quality or a change in a consumer's socioeconomic level may be a few factors causing this transition.
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A statement of cash flows classifies cash receipts and cash payments into what 3 categories of activity? For each category of activity, share 2 specific examples of both cash receipts and cash payments based on 2 different business scenarios of your choosing. The business scenarios you choose can be based on real or fictional companies. For example, if you chose Uber and the fictional MarksABunch Art Supplies company, you would share 6 examples of cash receipts and cash payments per company, each broken out into one of the 3 different categories of activity presented in a statement of cash flows.
Indeed, a statement of cash flows classifies cash receipts and payments into three categories of Operating, Investing, and Financing activities.
What are the three categories of activity?The three categories of activity into which the statement of cash flows is divided are:
Operating ActivityInvesting ActivityFinancing Activity.Some of the cash receipts and payments under these three categories are:
Operating Activities: Receipt of cash from customersPayments for materials from suppliers and vendorsCost of delivering raw materials and finished goodsPaying employees and managersPaying income taxesPayments or receipts of rent.Financing Activities:Receiving cash from debtholdersRepaying long-term debtsPaying interestCash receipts from stock issuancePaying dividends to stockholders.
Investing Activities:Receipts from investment loansPayments for investment loansReceipt from the sale of assetsReceipt from the sale of marketable securitiesPayment for the purchase of assetsPayment for the purchase of marketable securities.
Thus, the operating activities differ from the financing and investing activities because the latter are not the organization's core activities.
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Mr B aged 63 years, has earned rupees 75,00,000 out of his business . His ex- wife gifted him cash in account worth rupees 6 lakh. He spent a total of rupees 15 lakh during a family trip. He won a lottery of 19 lakh rupees. Out of happiness he gifted his wife cash of rupees 450000. He bought a life insurance policy and paid a premium of 50000 annually. He paid tuition fee for his daughter for rupees 50000. He invested rupees 80000 in PPF. One of his existing life insurance policy got matured and he received a total of rupees 32 lakh. Seeing his health conditions the doctor adviced him a medical test of rupees 6000 following he bought a health insurance for rupees 27000. Calculate his taxable income and tax liability.
Taxable Income is Rs 98,17,000, Taxable Liability is Rs 28,45,100
Taxable Income is the portion of a person’s or company’s gross income that the govt deems subject to taxes.
Taxable income consists of each earned and unearned income, on the other hand, Tax liability is the payment owed by an individual, Tax Liability is calculated according to the income of an individual and Tax% varies from0% to 30% depending on the income.
Income from business = 75,00,000
income from other sources
Lottery = 19,00,000
Life insurance maturity = 32,00,000
car gift from ex-wife = 6,00,00
Gross Income = 1,32,00,000
Deduction;
LIC premium = 50,000
Tution fees = 50,000
PPF = 1,80,000
Max deduction = 1,50,000
Health insurance = 27,000
Medical tset = 6,000
Total deduction = 32,00,00
Taxable Income is Rs 98,17,000
Taxable Liability is Rs 28,45,100
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Frank Petronick decided to start an accounting practice after graduation from college. The following is a list of events that occurred concerning Frank’s practice.
June 1: After shopping around, Frank found an office to lease and signed a lease agreement. The lease calls for a payment of $1051 rent per month.
June 4: Frank borrowed $3840 from his grandmother to assist in starting up his new business
June 4: deposits the $3840 plus $534 of his own cash in a new bank account at BMO under the name Petronick Accounting Services.
June 6: Paid the landlord the first month’s rent.
June 8: purchased furniture for $3290 on account
June 11: moved into the office and obtained the first assignment from a client to prepare year end financial statements for $1868
June 15: Performed the work on the assignment and sent an invoice to the customer for $1868
June 15: Paid half of the amount of the June 8 purchase of furniture
June 18: Purchased supplies on account for $339
June 26: paid for internet services, $53 cash
June 28: collected $903 of June 15 billing to the customer
June 30: withdrew cash from the business of $135 for personal expenses
A) prepare a tabular analysis of the effects of the above transactions on the accounting equation.
The accounting equation will be depicted in the debit and the credit form.
What is an accounting equation?An accounting equation can be defined as the transaction with her around two or more transactions with the balance out of the cash book trial balance as well as the account ship.
In the given question the date June 1 and June 4 would not be recorded as this is not considered an accounting transaction or a financial transaction as they are to be paid in the near future, but the rest of the recordings will be counted and accounted for in debit and the credit in the journal entry.
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What is the main reason to avoid renting to own?
O If the item breaks, you have to buy a new one.
O You are buying used merchandise.
O It can be weeks before the item is delivered.
You will pay much more than the cost of the item in a short period of time.
The main reason to avoid renting and instead to own is If the item breaks, you have to buy a new one.
Why do people avoid renting?The main problem with renting is that you are not the owner of the object in question. This means that you cannot handle it with much risk.
If the item breaks for instance, you will then have to buy it or pay for it. This would defeat the purpose f renting because you still incur the full cost and the rental cost.
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Answer:
You will pay much more than the cost of the item in a short period of time.
Explanation:
connexus
All of the following statements are correct regarding the credit life insurance except
All of the following facts about the credit life insurance are true, with the exception of Benefits are paid to the borrowers beneficiary
so, the correct answer is A.
A sort of life insurance coverage called credit life insurance is intended to settle a borrower's outstanding obligations in the event of the borrower's passing. As a loan is repaid over time, the face value of a credit life insurance policy declines proportionally with the balance until both approach zero. Credit life insurance is frequently provided whenever you borrow money, such as during the closing of a mortgage, while getting a car loan, or when acquiring a line of credit. In the event that the borrower passes away, the policy repays the money. Credit life insurance would shield your spouse or other co-signer from having to continue paying loan payments in the event of your passing.
The question is incomplete, the complete question is:
All of the following statements are correct regarding Credit Life Insurance EXCEPT:
A. Benefits are paid to the borrowers beneficiary
B. The amount of Insurance permissible is limited per borrower
C. Premiums are usually paid by the borrower
D. Benefits are paid to the creditor
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The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called ________.
Answer:
The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called net income.
Explanation:
Hope this helps :)
Richards Corporation purchased and used $75.000 of supplies during August. The purchase was on account, and had not been paid by the end of the month. The appropriate journal entry to completely account for this activity is:
The appropriate journal entry to completely account for this activity is:
Dr. Supplies expense $75,000
Cr. Accounts payable $75,000
What does purchase on account mean?
Purchase on account means that supplies whose value is $75,000 was purchased on credit with no cash payment, rather Richards Corporation promises to make payment at a later date.
In other words, we need to debit the increasing account and the fact the supplies have been used means that the supplies expense account should be debited such that the accounts payable, which indicates that the amount is owed is credited.
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Question 12
In the context of international trade restrictions, governments tend to use protective
are crucial to the domestic economy.
export duties
quorums
tariffs
voluntary export restraints
In the context of international trade restrictions, governments tend to use protective are crucial to the domestic economy: tariffs
A government is the device or institution of people governing a prepared community, normally a state A gadget of government distributes strength amongst exclusive parts and stages of the state. Political scientists examine the makes use of energy, inclusive of how energy is shipped inside a kingdom. the quantity of power held with the aid of the vital authorities determines the system of the presidency a nation has.
Government is the gadget or institution of human beings governing an organized community, commonly a kingdom. in the case of its wide associative definition, authorities usually consist of legislature, govt, and judiciary. a government is an institution or a device made of a set of human beings that takes care of or manages a country or a country. every government has its own charter or a hard and fast of fundamental standards that it follows to make sure effective governance.
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Select the correct answer.
What kind of value should an employee possess when employees are expected to be responsible and fair?
O A.
positive work attitude
O'B.
self-motivation
OC. professionalism
O D. integrity
O E. self-confidence
What can HR professionals do to mitigate concerns about pregnancy discrimination in the workplace? What does the law say companies need to do to avoid violating the rights of pregnant employees?
With our combined efforts as one HR, there is no cause we cannot influence. Knowing the law and interacting with expectant women are the greatest ways to stop pregnancy prejudice.
Employers place a high premium on discouraging pregnancy prejudice. The Pregnancy Discrimination Act of 1978's new EEOC rules have made it a particularly controversial topic in today's society. The best thing you can do to defend yourself in court is to train all managers or supervisors, but especially those who are directly in charge of supervising workers.
When you learn that a coworker is pregnant, you must show her respect and use caution. You should merely express gratitude to the worker for informing you. Offer pregnancy prejudice your support and assure her that, if necessary, you would make accommodation's that are reasonable in nature for her.
Never indicate that an employee's pregnancy is a burden on the company, and neither should your supervisors. Before approaching a pregnant employee, ask a member pregnancy prejudice of your human resources team any questions you may have about what to ask or not ask.
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Explain the difference between an intended and realized strategy. What causes this difference?
The initial plan is a planned strategy. It turned out to be a successful plan in the end. The two are frequently dissimilar because the desired approach may not be effective or because competitors may exert pressure that necessitates shifting the strategy.
The strategy that a company intends to implement is referred to as its intended strategy. An organization's strategic plan often includes a detailed description of its intended strategies. A business plan is a name given to a strategy plan developed for a new firm.
As an individual, you might decide to exercise more than three days per week, or as a business, you might decide to launch one new product each year.
The plan that an organization really employs is known as a realized strategy. A firm's intended strategy, or what it had planned to do, its deliberate strategy, or the aspects of the intended strategy that the firm has continued to pursue over time, and its emergent strategy combine to create its realized strategies (i.e., what the firm did in reaction to unexpected opportunities and challenges).
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Picture yourself ten years from now. Do you think having a debit card or using a prepaid card will be more advantageous? Why?
Having a debit card will be more advantageous that having a prepaid card because:
Debit cards have lower fees. Debit cards don't have to be loaded to be used. Which is better between prepaid and debit cards?Prepaid cards are generally better for those that do not have bank accounts or do not want to link their spending to their bank accounts on they have less advantages in general.
They often have higher fees than debit cards which sometimes have little to no fees. And because prepaid cards are not connected to your account, they will need to be loaded each time as opposed to the convenience offered by debit cards.
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Which of the following are factors
that can help determine where an
organisation will locate its facilities?
Choose three.
Community factors
Proximity to customers
Individual factors
Answer instructions
Proximity to sources of supply
Proximity to cities
Proximity to cafés and shops
Factors that can assist determine in which an organization will find its facilities: our proximity to the market, weather, and way of life.
The definition of an organization refers back to the act of setting matters into a logical order or the act of taking a green and orderly technique to duties, or a group of people who've officially come collectively. when you smooth up your desk and file all your papers into logical spots, that is an instance of the enterprise.
Definition of organization: the act or system of organizing or of being organized the enterprise of his cloth right into a speech. b: the circumstance or way of being organized in a group with an excessive diploma of the agency. 2a: affiliation, society charitable companies.
3 styles of businesses describe the organizational systems which are used by maximum companies these days: functional, departmental, and matrix. every of those bureaucracy has benefits and drawbacks that owners must not forget earlier than determining which one to put in force for their commercial enterprise.
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Make Academic Connections
Writing Write a one-page essay about a decision you
made recently. Describe how you did or did not use the
steps of the decision-making process. Discuss the out-
come of your decision.
The decision-making procedure allows for the exploration of all alternatives with the intention to clear up Academic Connections, and it ensures that the first-class answer is discovered. The choice-making manner consists of the subsequent steps: define, become aware of, determine, keep in mind, put into effect, and examine.
A decision-making system is a series of steps taken by using a character to determine the high-quality choice or course of action to satisfy their needs. In an enterprise context, it is fixed of steps taken by using managers in an employer to determine the planned path for business tasks and to set unique moves in movement.
The selection-making allows clear up problems promptly and creates a leadership role for the selection-makers. strong choices must be unbiased and without any emotional impacts that could make us forget shortcomings. Such selection-making needs to also be transparent and logical.
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Four business leaders collaborate on an environmental initiative to benefit their local community. Agnes and Leo do It mainly to draw positive
attention to their businesses. Martinique does it because she is concerned that people who live in the area are not living in the healthiest
possible environment and wants to do all she can to improve conditions for them. Janelle does it because she grew up in that community and
wants to do all she can to help it prosper. Which of these business leaders BEST demonstrate altruism?
Four business leaders collaborate on an environmental initiative to benefit their local community. Agnes and Leo do It mainly to draw positive attention to their businesses. Martinique does it because she is concerned that people who live in the area are not living in the healthiest possible environment and wants to do all she can to improve conditions for them. Janelle does it because she grew up in that community and wants to do all she can to help it prosper. Which of these business leaders BEST demonstrate altruism.
Martinique does it because she is concerned that people who live in the area are not living in the healthiest.
Dan Harmon is the creator of the American comedy Community. The program aired on NBC for its first five seasons from September 17, 2009, to April 17, 2014, then on Yahoo! Screen for its last season from March 17, 2015, to June 2, 2015. The program had 110 episodes across its six seasons. In the sitcom, which is set at a community college in the fictional Colorado town of Greendale, Joel McHale, Gillian Jacobs, Danny Pudi, Yvette Nicole Brown, Alison Brie, Donald Glover, Ken Jeong, Chevy Chase, and Jim Rash are among the ensemble cast members. It frequently honors film and television clichés and tropes and frequently makes strong use of meta-humor and pop culture references.
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Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the
company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =
$8,100.
Required:
1. Calculate net income.
Net income
2. Calculate stockholders' equity at the end of the period.
Stockholders' equity
Answer:
Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the
company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =
$8,100.
Required:
1. Calculate net income.
Net income
2. Calculate stockholders' equity at the end of the period.
Stockholders' equity
Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Select the correct answer from each drop-down menu.
How will you Identify a file type on your computer?
A file type is the standard used to
and information in a computer. All file types have unique
determine which program to use to open a particular file and to access its data.
Nepal is multi media is co on of this
Leading others in cross-cultural situations is complicated. Which of the following is NOT one of the many reasons why such situations can be complicated?
Languages
Customs
Work ethics
Styles of dress
Leading others in cross-cultural situations is complicated. Styles of dress are NOT one of the many reasons why such situations can be complicated.
Cross-cultural communication is the practice of identifying both cultural groups' differences and commonalities in order to interact successfully within a particular situation.
You'll be able to express yourself with confidence and learn how to be patient with others who don't share your background if you develop cross-cultural communication skills. Additionally, it will provide you with a wonderful chance to interact with students from other countries and talk about your differences.
Learning the fundamentals of this sort of communication is the first step in overcoming obstacles and preventing misunderstandings in cross-cultural communication. These are openness, awareness, readiness, language, and humour.
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2. What are three types of financial reports a business prepares?
Three types of financial reports a business prepares are the balance sheet, the income statement, and the cash flow statement.
The process of recording and communicating financial performance over predetermined time periods, typically on a quarterly or annual basis, is known as financial reporting. Financial reports are used by businesses to organize accounting data and present their current financial situation. The balance sheet, the income statement, and the cash flow statement are the three primary types of financial statements. Each provides distinctive information with connected details. Together, the three statements provide a complete picture of the company's operating activities, including a breakdown of the company's assets and liabilities, revenues, and expenses, as well as cash flows from operating, investing, and financing activities.
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Angie's car needs new tires. The tires will cost $700. She would rather get a used car, something newer than her current car. The used car she wants is $3,700, and her trade-in would be worth $2,500. Her old car gets twenty-two miles per gallon. The newer car gets thirty-one miles per gallon. Use the PACED decision process to decide what Angie should do. Show each step.
Answer:she needs to do what’s best for her
Explanation:
Using the PACED decision process, Angie should buy the new car.
What is the PACED decision process?The PACED decision process is a decision-making guide for solving problems in a rational and systematic way.
The PACED process involves:
P: Problem DefinitionA: List the AlternativesC: Determine the Criteria (rules for evaluating or testing options)E: Evaluate the alternativesD: Decision-makingFollowing the PACED decision process, Angie should:
Step One: Define the problem she has with her old car (whether it is a question of tires or mileage). If it is both, and she feels that a new car will solve the problem, then she could further consider buying the used car.
Step Two: Angie should exhaust the alternatives to solving her problem. It could be that the old car could improve its mileage with new tires. Mileage per gallon is not the only basis for car replacement. Other factors should be considered.
Step Three: From step two above, Angie should define the rule for evaluating her choices.
Step Four: This is the evaluation stage when Angie needs to undertake some computations, especially cost-benefit analysis.
Step Five: Angie should make her choice and go for it without further delay.
Data and Calculations:Cost of tires = $700
Cost a used car = $3,700
Trade-in value for the car = $2,500
Amount to pay = $1,200 ($3,700 - $2,400)
Opportunity cost of replacement = $500 ($1,200 - $700)
Old car's mileage per gallon = 22 mpg
New car's mileage per gallon = 31 mpg
Thus, using the PACED decision process, Angie should buy the new car and spend an additional $500 in opportunity costs.
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The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $2.2 million in long-term debt, $710,000 in the common stock account, and $6.4 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.9 million, $905,000, and $8.4 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $200,000. The company paid out $610,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $850,000, and the firm reduced its net working capital investment by $155,000, what was the firm's 2018 operating cash flow, or OCF?
The firm's 2018 operating cash flow, or OCF is -$2,219,500
How do we determine the operating cash flow?
The operating cash flow can be determined from the cash flows from assets formula where cash flow from assets is the operating cash flow minus net capital spending and net change in working capital
cash flow from assets=operating cash flow-net capital spending+ net increase in working capital
Cash Flow from Assets = Cash Flow to Creditors + Cash Flow to Stockholders
Cash Flow to Creditors = Interest Expense - Net New Long-term Debt
Cash Flow to Creditors=$200,000-($3,900,000-$2,200,000)
cash flow to creditors=$200,000-$1700,000
cash flow to creditors=-$1,500,000
Cash Flow to Stockholders = Dividends - Net New Equity
cash flow to stockholders=$610,000-($905,000+$8,400,000-$710,000-$6,400,000)
cash flow to stockholders=-$1,585,000
Cash Flow from Assets =-$1,500,000-$1,585,000
Cash Flow from Assets =-$3,085,000
operating cash flow=unknown(assume it is x)
net capital spending=$850,000
net increase in working capital=$155,000
-$3,085,000=x-$850,00-$155,000
x=-$3,085,000+$850,000+$155,000
x=OCF=-$2,219,500
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While shopping for prom dresses, Madison bought the second dress she tried on. As soon as she put on the dress, she immediately thought that it "just felt
Which evaluative criteria choice did Madison use when choosing her dress?
Answer:
It just felt right
Explanation:
Over time, the stock market has…
A. Experienced highs and lows but increased in overall value
B. Had slight ups and downs but stayed abt the same in value
C. Rarely experienced changes and has maintained the exact same value
D. Gone through severe ups and downs with an overall decrease in value
Over time, the stock market has D. Gone through severe ups and downs with an overall decrease in value.
What is the stock market?An equity market, stock market, or share market is a gathering of buyers and sellers of equities, which reflect ownership claims on companies. Securities listed on a public stock market may be among these stocks.
On the stock market, buyers and sellers of securities can interact, communicate, and transact business. The markets serve as a price discovery mechanism for corporate stock and a barometer for the health of the national economy. Buyers and sellers can be confident that they will receive a fair price, a high level of liquidity, and transparency since market participants compete in an open market.
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to make money as a baker, what would you have to do?
Answer:
Everything You Need to Know to Make Money Baking.
Explanation:
so you have all skills to bake delicious and tasty cakes?
make money from cakes
where to sell your cakes
Devising business plan
Equipment you need
Getting inspiration
creating hampers
How much should you charge?
seasonal baking
Have fun with it!
case study :Lazy Day cakes
case Study:Humming bird Bakery.
I only need help with 5b
Answer:
.
Explanation:
I'm pretty sure it's asking what could help, or stop this. (What could end the pay gap)
The Vera Molding company has two alternatives for meeting a customer requirement for 8,700 units of a specialty molding. If done in-house, fixed cost would be $476,000 with variable cost at $40 per unit. Alternative two is to outsource for a total cost of $110 per unit.
What is the break-even quantity? Round your answer to the nearest whole number.
units
Should the firm make the 8,700 units in-house or outsource?
Firm should produce the molding
by outsourcing
.
Because the Break-even quantity is 4,430.38 units and lesser than 8,700 units, then, we should make it in-house.
What is the Breakeven quantity?This refers to the number of incremental units that the firm needs to sell to cover the cost of a marketing program or other type of investment.
Contribution margin = Total cost - Variable cost
Contribution margin = $110 - $40
Contribution margin = $70
Fixed Cost = $350,000
Break-even quantity = $350,000 / $79
Break-even quantity = 4,430.37975
Break-even quantity = 4,430.38 units
In conclusion, as the Break-even quantity is 4,430.38 units and lesser than 8,700 units, then, we should make it in-house.
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If last year your debt ratio was 1 and this year it is 0.25, that is good news.
Answer:
yes
Explanation: