Financial Accounting primarily deals with the methods accountants use to provide information to an organization’s internal users is false.
The basic role of Financial Accounting is to allow outsider to assess the value of an association.
Financial Accounting is a specific piece of accounting including a course of recording, summarizing, and enumerating the bundle of trades coming about in view of business undertakings all through some unclear time span.
The structure directs the guidelines, cycles, and norms for monetary recordkeeping.
These exchanges are summed up in the readiness of fiscal summaries, including the balance sheet, pay proclamation, and income explanation, that record the organization's working exhibition over a predetermined period.
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Because of both global and changing labor and trade markets, organizations are now much more aware of the importance of ______________.
Nations that engage in commerce can expand their markets and get access to goods and services that might not otherwise be available locally. Because of greater trade, there is more rivalry in the market. As a result, prices become more aggressively competitive, lowering the end product's cost for the consumer.
International trade is the term for the transfer of goods and services between countries.
Having access to goods and services that are either unavailable or more expensive domestically is made possible by global trade for both individuals and nations.
One of the first to recognize the importance of international trade was political economists like Adam Smith and David Ricardo.
But some claim that trade with other nations can actually hurt smaller nations, putting them at a competitive disadvantage on the international stage.
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ron king is a single airline ticket agent who claims 1 allowance. his gross weekly salary is $320.00. each week he has deducted federal, social security, and medicare taxes; $26.20 for medical insurance; 1.5% state tax; and $25.00 for the credit union.
Deductions:-
Federal Tax => $24 (from given data)
Social Security => $19.84 (6.20% of $320)
Medicare => $4.44 (6.45% of $320)
State Tax => $4.80 ( 1.5% of $320)
Medical Insurance => $26.20 (from given data)
Credit Union => $25 (from given data)
Reductions = ∑(24+19.84+4.44+4.80+26.20+25)
=104.28.
Now,
Net Pay = 320-104.28
= $215.72
So, Ron's Net Pay should be $215.72.
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Say a pill existed that made people selfless. after taking it they were only interested in others, not themselves. under the coordination definition of economics:______.
Say a pill existed that made people selfless. after taking it they are only interested in other people, not themselves. under the definition of economic coordination there will still be economic problems.
Economics can be defined as the study of how individuals, businesses and governments make choices in allocating resources to meet their needs. These groups determine how resources are and how they are organized and coordinated to achieve maximum results. Most of them are concerned with the production, distribution and consumption of goods and services.
The economy is divided into two important parts, namely: Macroeconomics & Microeconomics
Microeconomics can be defined as the study of decisions made by people and businesses regarding the allocation of resources and the prices of goods and services.Macroeconomics can be defined as a branch of economics that describes a substantial picture.You can learn more about Economics here brainly.com/question/28208676
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A ______ pe ratio may indicate that investors believe a company has better prospects for future growth in earnings.
Investors may assume a company has better chances for future earnings growth if they see a higher PE ratio.
What does the PE ratio indicate?
Earnings per share (EPS) can either be dispersed as dividends to shareholders or reinvested in the company to increase future sales and EPS, which will result in capital growth. The PE ratio is the amount that investors are willing to spend on an EPS of Rs. 1 for the company. The share price increases and vice versa if future earnings are anticipated to increase. The PE ratio increases if the share price increases more quickly than the rate of profits growth.
The PE ratio goes low if the share price declines considerably more rapidly than earnings. A stock with a high PE ratio is pricey and may see a decline in value in the future. A stock is considered cheap and may increase in value in the future if the PE ratio is low. As a result, the PE ratio is particularly helpful when choosing an investment strategy.
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The ______ of an organization consist of all those who can claim it as their legal property.
The owners of an organization consist of all those who can claim it as their legal property.
Who is an owner?An owner can be defined as someone who own something or someone whose something belongs to.
A person can tend to claim ownership of a property if the person is the real owner or when the property was legally transfer to the person which is called transfer of ownership.
Therefore the owners of an organization consist of all those who can claim it as their legal property.
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When the price of shoes falls from $50 to $40, the quantity demanded rises from 100 to 110. Using the midpoint method, what is the absolute value of the price elasticity of demand?
When the price of shoes falls from $50 to $40, the quantity demanded rises from 100 to 110. the absolute value of the price elasticity of demand is -0.43.
Using the midpoint method, the formula for price elasticity of demand is
= (new quantity - original quantity)/((new quantity + original quantity)/2) / (new value - original value)/((new value + original value)/2)
= (110-100) / ((110+100)/2) / (40-50) / ((40+50)/2)
= (10)/(210/2) / (-10)/(90/2)
= 10/105 / -10/45
= -45/105
= -0.428
= -0.43
Instead of just using basic percentage changes in quantity and price, economists also take into account the average percent change in both. For this, the Midpoint Method for Elasticity is employed.
The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price.
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When jake goes to work, he drives at an average speed of 60 miles per hour. It takes about 1 hour and 30 minutes for jake to get to work. His car travels about 25 miles per gallon of gas. If gas costs $3. 65 per gallon, approximately how much money does jake spend on gas to get to work?.
Jake spends $13.14 on gas to get to work.
Jake's car travels 25 miles for 1 gallon of gas.The cost for one gallon of gas is $3.65 per gallon.The total miles travelled is 60 miles/ hour * 1 hour 30 minutes.Total miles travelled = 60 * (1.5)Total miles travelled = 90 milesThe gas used for 25 miles is 1 gallonThe gas used for 90 miles is 90/25 = 3.6 gallon.The cost of gas is $3.65 per gallonThe cost of 3.6 gallon is 3.65 *3.65The cost of the gas used to get to work is $13.14.What is an Equation?
An equation is a mathematical announcement fashioned whilst expressions are equated the usage of an identical sign.
The equations are beneficial in willpower of unknown parameters.
The common speed of Jake while he goes to work is 60 miles/hour.
The time taken to attain to work is 1 hour 30 minutes.
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The assessed value of a condominium is usually higher than a similar ______ because of outright ownership.
The assessed value of a condominium is usually higher than a similar Cooperative because of outright ownership.
This is because a cooperative's assessed value is often lower than a condominium's because cooperatives are not owned outright.
In a condominium, each unit within a larger complex is sold, as opposed to being rented out. These apartments, townhomes, or even commercial warehouses may have undergone renovation. Contrary to common misconception, the term "condominium" refers to the legal ownership structure rather than the specific sort of unit. Any building with several units has the option to "become condominium," which requires tenants to leave the property or buy their apartments outright. The walls of a condominium are theoretically owned by the people who buy
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Communism exhibits all the characteristics of a ______ system.
a) laissez-faire
b) command
c) mixed market
c. mixed market
Explanation:
Comumis exhibits all the characteristics of mixed market system
The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires?
The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires timely and accurate information on current employees and potential employees in the labor market.
Competitive advantage simply means positioning your company ahead of other companies in order to achieve superiority in quality, low cost, value or innovation.
Regardless of what it means to a company, it may be the single factor to attaining success and business sustainability.
Human resources can provide insight into the going market rates for talent and what it might take to get high-quality employees on board.
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Sears sells batteries under its own diehard brand name even though another company actually produces these batteries. this is an example of?
Sears sells batteries which are under its own diehard brand name even though another company actually produces such batteries. This is an example of dealer or private brand.
A private brand is a good which is manufactured for and sold under the name of a specific retailer, which is thus competing with the other brand-name products in the market.
So here, Sears is said to have the best car batteries, which Sears sells under its own diehard brand name in the market, even though these batteries are actually produced by another company.
Hence, the retailer is said to control everything about the product or products in the market.
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A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a:__________
A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.
What is a story?A story can be defined as an event that occur or happen that are told to people, and this story can either be fictional ,imaginary or true life story.
Most people tend to tell a story about an event to others so as to enables them to learn the lesson that comes with the story.
Therefore a narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.
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The essence of associative techniques is the development of an equation that summarizes the effects of _____.
The foundation of associative techniques is the creation of an equation that summarizes the effects of predictor variables.
So, it can be said that predictor variables is considered the essence of associative techniques for the development of an equation. Based on current circumstances, a predictor variable is used to forecast a future result. This variable also goes by the titles criteria variable and explanatory variable. When trying to estimate or extrapolate a future event based on information that is known, predictor variables are crucial. They aid in foreseeing the unforeseen. Compared to more well-known forms of variables, such as independent and dependent variables, this variable type is unique. Because both a predictive variable and an independent variable are used to establish a relationship, usually one to a dependent variable, they are comparable to each other.
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An aaba form can be repeated to create a larger form; when b and a are repeated after the first aaba, it is called a:________
An AABA form can be repeated to create a larger form; when b and a are repeated after the first AABA, it is called a partial reprise.
What is a partial reprise?
Firstly, a reprise in music refers to when the opening material of the musical piece is repeated later in the same composition or reiterated. A partial form of this then exists when the repetition isn't as much.
This is why B and A being repeated after the first AABA and used to form a larger form is an example of a partial reprise.
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In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. their maximum contribution to an hr 10 plan is:__________
The maximum contribution by them to an HR 10 plan is $58,000.
Describe the HR 10 plan.HR 10 plans, sometimes known as Keogh plans, are tax-deferred pension plans that independent contractors, as well as self-employed people and unincorporated businesses, can use for retirement. Both defined benefit and defined-contribution plans are acceptable.Profit-sharing plans are one of the two Keogh plan types that allow a business to contribute up to 100% of income, or $58,000 as of 2021.Keogh programs have additional administrative requirements and maintenance costs than Simplified Employee Pension (SEP) or 401(k) plans; but, because the contribution limits are higher, Keogh plans are a preferred option for many high-income business owners.Since the current tax retirement legislation does not distinguish between incorporated and self-employed plan sponsors, the term "Keogh plan" is not frequently used.To know more about Keogh Plans visit:
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The complete question is:
"In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. Their maximum contribution to an HR 10 plan is:
A. $48,000
B. $58,000
C. $68,000
D. $116,000"
Regardless of the specific organization design, in recent years many firms have been?
Regardless of the specific organization design, in recent years many firms have been transforming into flat organizations.
What are flat organizations?
A flat organization has a structure with few or no tiers of middle management between employees and executives.
The structure of an organization refers to the nature of the distribution of units and roles within it, as well as the nature of the interactions between those units and positions.
This determines the levels of communication, information distribution, management, and responsibility delegation. Learning more about various organizational structures, such as the flat model, can help companies run more efficiently and develop an effective chain of command.
Here, we describe a flat organizational structure, explore its benefits, who can use it, how to adopt it, and look at different types of organisational structures.
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Charlie's chocolates' has accounts receivable of $78,000 and accounts payable of $34,000. the company has revenues of $111,000 and expenses of $78,000. calculate its net income.
Answer:77000
Explanation:
Charlie's chocolates' has the net income equals $ 67,000.
Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).
Net income equals net profit minus costs
Net income = $ 145,000 - $78,000
Net income = 67,000
The required details for Net income in given paragraph
What is Net income?
Net income and a company's profit for the accounting period are the same thing. Therefore, net income comprises all of a company's expenditures and expenses, which are deducted from revenue. Because it appears at the bottom of the income statement, net income is sometimes referred to as the bottom line.
Net income is the outcome of deducting all expenditures and expenses from revenue and adding money from additional sources. A corporation may have more than one source of income in addition to sales and different kinds of costs, depending on the industry. On the income statement, several of the sources of revenue or expenses could be broken out as separate line items.
Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).
Net income equals net profit minus costs
Net income = $ 145,000 - $78,000
Net income = 67,000
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Consider+a+t+bond+with+a+6%+semiannual+yield+and+a+clean+price+of+$1100.+number+of+days+since+last+coupon:+40+days+number+of+days+in+the+coupon+period:+184+days+calculate+the+bond+dirty+price.
The number of days in the coupon period 184 days calculate the bond dirty price is $ 1106.52.
Which is a bond?
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.Clean price = Quoted price = 1100. 00
Accrued price = 1000* 6%* 1/2*40/184 = 6.52
Dirty price = clean price + accrued price = 1100 + 6.52 = $ 1106.52
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Novartis is using education to build a market where none has existed before. why have very poor people been underserved by for-profit companies?
The reason why poor people have been underserved by for-profit companies is that the products and services offered by these companies are often unsuited to their needs.
Why are very poor people underserved by for-profit companies?When a person is underserved, it means that their needs are not being taken care of by the product offerings on market.
For-profit companies focused on making products that will make them more profit and these are not very suitable for very poor people who can't afford these products.
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About 33 percent of all small businesses fall into the _____ category of industry.
About 33 percent of all small businesses fall into the small category of industry. A small business in that sector is one with an average revenue of less than $16.5 million over the course of the previous three fiscal years.
Despite the fact that size standards differ per industry, they are typically determined by the quantity of employees or the average yearly revenue.
According to the Small Business Association, a micro firm is a subset of a small business that has fewer than 10 employees, whereas small enterprises can have up to 500 workers. In the retail industry, there are a lot of small enterprises.
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Private markets tend to underproduce the optimal quantity of public goods because of ________.
Private markets tend to underproduce the optimal quantity of public goods because of free riders.
What is free-rider problem?
When those who use resources, public goods (such public roads or hospitals), or services of a communal nature do not pay for them or pay too little, it is known as the "free-rider dilemma" in the social sciences. Free riders are a concern since they may still access or utilize the good while not paying for it (either directly through fees or tolls or indirectly through taxes). This means that the good could be misused, overproduced, or deteriorated. The presence of free-riders also causes this prosocial behavior to decline, continuing the free-rider dilemma, even if there is evidence that individuals are generally cooperative.
Therefore, Private markets tend to underproduce the optimal quantity of public goods because of free riders.
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What would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870?
The average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870 is 12.2%.
What is taxable income?
The base of an income tax system is referred to as taxable income. In other words, the amount of revenue that was subject to taxation. In general, it comprises all or a portion of the items of income and is lessened by costs and other deductions. Any gross income that is used to determine how much tax you owe is referred to as taxable income. It is simply your adjusted gross income less any deductions, to put it simply. Included in this are any pay, tips, salaries, and bonuses received from employers. Additionally included are investments and unearned income.
Therefore,
The average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870 is 12.2%.
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As an initial transaction in a new margin account, a customer buys 100 shares of abc at $35. the customer must deposit?
As an initial transaction to a new margin account, a customer bought 100 shares of ABC at $35. So the customer must deposit $2,000.
Given,
Shares = 100
Price of 100 shares = $35
Here, the Regulation T requirement in order to buy $3,500 of stock in a long margin account is 50% ($3,500 × 50% = $1,750).
Thus, this is the initial transaction and so here the minimum equity in order to open an account is $2,000, so this amount should be deposited in the account.
Hence, the minimum equity in order to open a long margin account is $2,000.
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Suppose that in october, market analysts predict that the price of platinum will fall in november. What happens in the platinum market in october, holding everything else constant?.
In the platinum market in October, the supply curve shifts to the right.
What happens in the market for platinum?The supply curve shows the relationship between the quantity supplied and price. There is usually a positive relationship between price and the quantity supplied.
When there is a change in other factors other than the change in price of the good, the supply curve would move either outward or inward. Because it is expected that price would fall in November, sellers would want to make as much profit as they can now, so they would increase their supply in October. This would lead to a shift to the right of the supply curve.
On the other hand, the demand curve would shift to the left in October due to the negative relationship between price and demand.
Here is the complete question:
Suppose that in October, market analysts predict that the price of platinum will fall in November. What happens in the platinum market in October, holding everything else constant
The quantity of platinum demanded and the quantity of platinum supplied both increase
The demand curve shifts to the right
The supply curve shifts to the left.
The supply curve shifts to the right.
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In 2021, individuals with earned income who are age 50 or over are permitted to make an extra annual ira contribution of:________
a. $1,000
b. $2,000
c. $3,000
d. $4,000
The correct answer is (a) $1,000 .
A $1,000 IRA payment is allowed for people 50 and older, bringing the maximum authorized contribution up to $7,000.
What is an IRA?You may save money for retirement tax-advantageously with an individual retirement account (IRA). With the help of an IRA, a person can save money for retirement while enjoying tax-free growth or deferring taxes. An IRA is a financial institution-created account.
How do IRAs function after retirement?With a typical IRA, you may postpone paying taxes now until you take the funds for retirement. A conventional IRA can help you save money in the long term if you anticipate being in a lower tax band in retirement. It also offers certain unique, penalty-free withdrawals for specific expenditures.
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Financial statements can be prepared _____.
Financial statements must be prepared at the end of the company's tax year.
What are the financial statements you can schedule?The balance sheet, income statement, and cash flow information each offer unique details with information that is all connected. Together the three statements give a complete portrayal of the company's working activities.
Which financial statement must be designed?
The financial statement designed first is your income statement. As you know by now, the earnings statement breaks down all of your company's revenues and expenditures. You need your income statement first because it gives you the necessary knowledge to generate other financial statements.
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Why do people specialize and trade? with specialization and trade, people can _______.
Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specializing and trading.
In order to increase efficiency, specialization is a method of production whereby an organisation concentrates on producing a small range of items.
Trade and specialization enable people to consume goods outside the boundaries of their personal production capacities and assist them in producing those goods at a lower opportunity cost than rivals.
Producers can profit from specialization and commerce thanks to the comparative advantage theory. People and nations become more efficient and productive by manufacturing items or services with the lowest opportunity cost and then trading with other countries.
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The texas election code requires that in even-numbered years, each texas political party must do what?
The Texas election code requires that in even-numbered years, each Texas political party must hold a biennial state convention to conduct party business.
What is Biennial State Convention ?The ECCV presents a biennial conference that brings together top decision makers, academics, and grassroots services to discuss challenges affecting Victoria's migrant and refugee community.
The State Conference Planning Committee monitors the biennial event's delivery and is a collaborative effort between ECCV and our conference co-hosts, which are relevant to each subject. The ECCV chairperson chairs the planning committee.
There was no State Conference in 2020 due to COVID-19. The next conference is scheduled for late 2022.The Conference brought together key decision-makers, academics, and employment service providers to discuss the future of work in multicultural Victoria.
Panel discussions, presentations, and plenary sessions suggested strategies to improve knowledge and understanding of workplace diversity and inclusion.
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The activity measure selected for use in a variable- and fixed-overhead flexible budget?
The activity measure selected for use in a variable- and fixed-overhead flexible budget should vary in a similar behavior pattern to the way that variable overhead varies.
A budget is “a financial plan, usually expressed in terms of money and
divided into periods.
A flexible budget also known as a variable budget, is a budget that
adjusts for changes in sales volume and other cost-driver activities.
A flexible budget is ‘a budget containing alternative provisions based on
varying rates of production or other measures of activity.’
It is a budget which is subject to change as operations proceed.
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The ________ view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.
Base of the Pyramid.
The base of the pyramid view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.
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