Option (a), Customers would frequently be willing to pay more for new and improved graphics solutions, which was the main competitive problem they saw.
Customers: Would they be prepared to spend more money to receive better service?Positive client experiences lead to increased revenue for your business. The truth is that 86% of customers are willing to pay more for better service.
Which elements affect consumer pricing?When a customer has an urgent need that your product or service might be able to satisfy, they may be more willing to spend more money. The opposite is not always true. Similar to the above, they may be more willing to pay more when there is a shortage of something as opposed to when there is one, whether genuine or perceived.
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which pair are most likely substitute goods? question 27 options: a) pizza and chicken wings b) ramen noodles and water c) soft drinks and lemonade d) hot dogs and mustard
Option (c), Most likely, lemonade and soft drinks can be used as substitutes.
substitute goods: What are they?Substitute products: Products that can be used in lieu of one another to satiate a particular need are referred to as substitute goods. such as ghee and refined oil, tea and coffee, etc. In the case of substitute goods, a rise in one good's price results in a rise in the other good's demand.
A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory.
When customers may utilize two commodities for the same purpose, they are deemed to be replacements in microeconomics. In other words, a buyer views both items as equivalent or similar, and as a result, they desire less of the other good when they have more of the first.
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a(n) blank is any activity a firm pursues to explore and develop new products and processes, new markets, or new ventures. multiple choice question.
A(n) "R&D (Research and Development) project" is any activity a firm pursues to explore and develop new products and processes, new markets, or new ventures.
Research and Development (R&D) is a critical part of the innovation process for many organizations, especially in industries such as technology, pharmaceuticals, and engineering.
R&D projects are designed to explore and develop new products, processes, markets, or ventures, with the goal of creating new revenue streams and maintaining a competitive edge in the market. R&D projects can encompass a wide range of activities, including product design, prototyping, testing, market research, and more.
Companies may engage in internal R&D, where the work is carried out by employees within the company, or external R&D, where the company collaborates with outside partners such as universities, research institutions, or other companies.
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in the country freedonia, income and social services are distributed equally among its citizens. however, they must pay high taxes, and they experience high levels of unemployment. freedonia is an example of a(n) nation. multiple choice communist socialist capitalist supply and demand entrepreneurial
In a socialist economy, the emphasis of socialism is on common or public ownership of the means of production.
Such an economy is characterised by total governmental control over the production and distribution of goods and services as well as the total reliance of the populace on the government for all of their basic needs.
Of fact, since it chooses how resources are allocated, the government ultimately controls all of the state's resources and may set tax rates as a result. Furthermore, there will be a high level of unemployment because people's well being is independent of their ability to support themselves through jobs and companies.
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a. there is potential for conflicts of interest. b. the purpose of businesses in the united states is to generate profit for the owners. c. businesses lack the expertise needed to manage social programs. d. involvement in social programs gives businesses too much power. e. business creates problems and should therefore help solve them.
"INVOLVEMENT IN SOCIAL PROGRAMS GIVES BUSINESS TOO MUCH POWER," every one of the following in the selections is a popular argument against social obligations for organisations.
d. involvement in social programs gives businesses too much power.
When a person's personal interests—such as those related to their family, friends, finances, or social standing—could affect their judgement, decisions, or actions at work, that situation is known as a conflict of interest. Because government organisations take conflicts of interest so seriously, they are governed.
The goal of a business is to provide value to consumers, who then exchange that value for cash or other means of payment. The money received should, at the very least, cover the costs of running the business and the owner's basic demands.
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The correct question as follows
All of the following are common arguments against social responsibility for organizations EXCEPT?
a. businesses lack the expertise needed to manage social programs.
b. involvement in social programs gives businesses too much power.
c. the purpose of businesses in the United States is to generate profit for the owners.
d. business creates problems and should therefore help solve them.
e. there is potential for conflicts of interest.
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the buyers (or borrowers) in financial markets are a. financial intermediaries. b. firms and governments in search of funds to undertake their daily operations. c. savers looking for opportunities to earn a return on their savings. d. not concerned with the interest rate in the market. e. located on the supply side of the loanable funds market.
The buyers (or borrowers) in financial markets are financial intermediaries.
Who are the financial markets' borrowers?The government and non-financial firms are frequently the biggest borrowers, but households and non-residents will occasionally also take out loans to pay for their purchases. There are two ways that money moves from lenders to borrowers.
What exactly are financial intermediaries?Financial middlemen: Institutions that borrow money and then lend it out are defined as such. They make it possible for "little" borrowers and savers to profit from the existence of financial markets. 1) Business banks 2) Nonbank financing includes venture capital, investment banks, and insurance companies.
Is it the goal of financial markets to connect savers and borrowers?The basic purpose of the financial market is to connect savers and borrowers. This means that loans are made to consumers or borrowers using the money that is stored in savings accounts.
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what distingishes natural resouece commodities from other kinds of materials we use to ssuteain our qualit of life
Natural resources are viewed by cultures as naturally occurring materials or features of Earth that were not produced by human activity and can be exploited by humans to meet their needs or desires.
The use of materials derived from natural resources in manufacturing and consuming processes has numerous negative effects on the environment, the economy, and society that transcend national boundaries and have an impact on future generations. The extent of harvesting and natural productivity of renewable resource stocks, as well as the rates of extraction and depletion of renewable and non-renewable natural resource stocks, are all affected.
The environmental stresses brought on by the extraction, processing, transportation, consumption, and disposal of materials, such as pollution, waste, and habitat disruption, and their consequences on air sustainability, including air, water, soil, biodiversity, topography, and natural ecosystems, as well as human health.
International commerce, the cost of raw resources and other items on the market, as well as the economy's competitiveness and productivity.
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if electro corporation sells a $20 million stock issue to an investment banking firm such as merrill lynch, this transaction takes place in: group of answer choices the secondary money market. the private placement market. the secondary capital market. the primary money market. the primary capital market.
If Electro Corporation sells a $20 million stock issue to an investment banking firm such as Merrill Lynch, this transaction takes place in the primary capital market.
What is investment banking?
Investment banking is a branch of banking that coordinates massive, intricate financial transactions like mergers or the underwriting of initial public offerings (IPOs). In addition to underwriting the issuing of new securities for a corporation, municipality, or other entity, these banks may raise money for businesses in a number of other ways. They might oversee an IPO for a business. Additionally, investment banks offer guidance throughout mergers, purchases, and reorganisations.
Investment bankers are professionals who are acutely aware of the state of the market for investments. They assist their clients in navigating the difficult high finance industry.
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in the fulfillment process, instance-level information indicates the status of which of the following? multiple choice a particular sales order a particular quotation a particular goods receipt a particular purchase order
Instance-level data on the fulfillment process reflects the standing of a certain vendor purchase order.
What is Instance-level data?Information at the instance level definition. useful information about a certain process phase. Information at the process level definition. Detailed information on the entire process A class definition's object paragraph's DATA DIVISION defines instance data, which is then processed by procedural code in the class's instance methods. Like program data, instance data is arranged into logical records and independent data description entries. The problem of recognizing a specific instance of an object rather than just its category is known as instance-level recognition (ILR) in computer vision. An illustration of instance level data is the typical period of time it takes from a client order to product shipment over the course of a month.
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fifteen years ago, you invested $5,000. today, it is worth $18,250. what annually compounded rate of interest did you earn?
The annual compounded interest that you earned is given as : 6.9 percent
How to solve for the compounded interestTo calculate the annual compounded rate of interest, you can use the formula:
r = (V / P)^(1/t) - 1
Where:
r = annual compounded rate of interest
V = final value of investment ($18,250)
P = initial value of investment ($5,000)
t = time elapsed in years (15)
Plugging in the values:
r = ($18,250 / $5,000)^(1/15) - 1
r = (3.65)^(1/15) - 1
r = 1.0696 - 1 = 0.0696 or 6.96%
So, the annually compounded rate of interest that you earned is approximately 6.96%.
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turtle corporation is a calendar year c corporation formed in 2017. turtle purchased a motel property in june 2022 for $11,000,000. the motel land value represented $2,500,000 of the $11,000,000 purchase price. what is the allowable depreciation deductions on the hotel for 2022 and 2023?
The turtle corporation is a calendar year corporation formed --------. The allowable depreciation deductions on the hotel for 2022 and 2023 will be $167,450 in 2022 and $309.060 in 2023.
What is depreciation?The depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible.
The depreciation allows a portion of the cost of a fixed asset to the revenue generated by the fixed asset. It is the wear and tear loss of an asset.
The turtle corporation is a calendar year corporation formed --------. The allowable depreciation deductions on the hotel for 2022 and 2023 will be $167,450 in 2022 and $309.060 in 2023.
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paulina is the leader for a big project at work. as a first step, she creates a detailed schedule and defines the project requirements. she also creates a workflow diagram that spells out each step in the process and who is responsible for completing that step. what type of leader is paulina?
Paulina is a visionary leader. She is able to think ahead, plan for the future, and create a clear path for success. Her attention to detail and ability to clearly define each step and responsibility required for the project show her focus on creating a successful outcome.
What is project?Project is an organized set of activities that has a specific purpose and target. It is designed to achieve a desired outcome within a certain time frame. Projects are undertaken to create a product, service, or to complete a task. Projects involve planning, organizing, staffing, leading, and controlling resources to achieve a goal. Projects require resources such as time, money, knowledge, and commitment to achieve the desired outcome. Projects can be large or small, simple or complex. Projects are often used to address an issue, fill a need, or solve a problem.
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a wind turbine costs $10 million to construct and generates $1 million worth of electricity per year. when has the wind turbine paid for itself (what is the pay-back period)?
A turbine is made to spin by the application of high-pressure steam. Electrons are forced across wires by a turbine spinning an electric generator.
What is a turbine?A turbine is a rotational mechanical device that transfers the energy from a fluid flow into useful work. The term "turbine" refers to a turbomachine with at least one moving component, known as a rotor assembly, which is a shaft or drum with attached blades. The blades move as a result of the action of the flowing fluid, which also gives the rotor its rotational energy. Engineers Sir Charles Parsons of England and Ireland (1854–1921), who created the reaction turbine, and Gustaf de Laval of Sweden (1845–1913), who created the impulse turbine, are both credited with the invention of the steam turbine. The first usable water turbine was constructed by Benoit Fourneyron, a former student of Claude Burdin.
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the preference for more liquid short-term securities places downward pressure on the slope of the yield curve. group of answer choices true false
False, The preference for more liquid short-term securities places Upward pressure on the slope of the yield curve.
A yield curve is a line that represents the yields (interest rates) of bonds with similar credit ratings but various maturities. The yield curve's slope provides insight into potential future changes in interest rates and economic activity.
At certain times, investors may place a higher priority on liquidity, and as a result, the liquidity premium will alter over time. The yield curve will change along with it. This is the liquidity premium theory, also known as the liquidity preference theory.
Because a shorter maturity represents greater liquidity, some investors might prefer to own short-term securities rather than long-term ones. They might only agree to hold long-term securities in this situation if they receive a premium for the lower level of liquidity.
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Zahara is wondering how she will be able to afford her monthly tv streaming services, water bill, groceries, and cell phone bill. what economic concept concerns zahara? a. economic needs b. economic limits c. economic needs and wants d. economic wants and limits
Zahara is concerned with economic limits, which refers to the constraints on her spending or budget that determine what she can and cannot afford.
What economic concept concerns zahara?Economic limits refer to the constraints on an individual or a society's spending or budget that determine what can and cannot be afforded. These limits are based on various factors such as income, debt, and savings.Here are some key points to consider when discussing economic limits:Income: This refers to the amount of money an individual earns from employment, investments, or other sources. It affects the amount of money available for spending and sets limits on what can be purchased.Debt: This refers to the amount of money owed by an individual or a company. High levels of debt can limit an individual's ability to make purchases and invest in their future.Savings: Money saved can provide a cushion for unexpected expenses and help individuals reach their financial goals. The amount of money an individual saves will affect the limits of their spending.Market conditions: The availability and cost of goods and services, as well as interest rates, can impact economic limits by affecting an individual's purchasing power.In conclusion, economic limits determine the boundaries of an individual's spending and can impact their ability to afford the things they need or want. It is important to understand these limits in order to make informed decisions about spending and budgeting.To learn more about economic limit refer:
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howdy!
your answer is economic needs and wants
edg2023 goodluck!!
the margin requirement on a stock purchase is 25%. you fully use the margin allowed to purchase 100 shares of msft at $25. if the price drops to $22, what is your percentage loss?the margin requirement on a stock purchase is 25%. you fully use the margin allowed to purchase 100 shares of msft at $25. if the price drops to $22, what is your percentage loss?
If the price drops to $22, then 48% is a percentage loss.
What is the percentage loss formula?
The formula to determine the percentage loss that occurred in any business is known as the loss percentage formula. As a percentage loss, we also express it. The gap between the cost price and the selling price is what is referred to as a loss. And the percentage loss is the loss as a percentage of the actual cost. Profit and loss are two concepts that are frequently used in enterprises. Profit is essentially the amount that businesspeople make from their ventures.
25% of a margin is required.
At a price of 25, we purchase 100 shares of the stock.
Therefore, 100 shares cost $2500 in total.
Now that the margin requirement is 25%, we fund the deal with $2500*25%, or $625.
In this case, the total loss is $25-$22)*100 = $300 if the stock price falls to $22.
As a result, we lose $300 out of the $625 we originally invested.
% loss is loss / total capital * 100, or 300/625*100, or 48%.
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are you subject to any non-competition, non-disclosure or other agreement that would preclude or restrict your employment at servicenow?
Non-compete clauses allow employers to control certain behaviors of their employees even after their employment has ended. It is a legal obligation to forbid it.
Employees will do business with you or disclose your personal information in the future.
Used to refer to a contract that prohibits a departing employee from working for another company for the same job for a specified period of time.
His contract contained a six-month non-compete clause. If an employee works for a company, non-compete clauses are only used to determine who can be hired after the employee leaves the company.
An NDA protects personal or business information that one or both parties wish to keep private.
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if the cross-price elasticity of hamburgers and ketchup is −0.6, and the price of hamburgers increases by 50%, how would be the percentage change in the quantity of ketchup demanded?
If the price of hamburgers rises by 50%, the demand for ketchup falls by 30% due to the negative cross-price elasticity of -0.6.
what is cross price elasticity?The term "cross-price elasticity of demand" refers to the link between a change in the price of one commodity (the "dependent variable") and a change in the quantity requested of another good (the "independent variable"). The cross-price elasticity is a numerical value that represents the degree to which the quantity requested of one commodity responds to changes in the price of another good. It might be positive, negative, or 0 at all times. A positive cross-price elasticity indicates that the two commodities are substitutes, and that increasing the price of one will boost demand for the other. When there is a negative cross-price elasticity, the two items are complementary.
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angel investing capital is typically provided in which stage of financing? group of answer choices mezzanine-stage later-stage formative-stage
Angel investing capital is typically provided in early-stage companies stage of financing .
Where do angel investors put their money?
Generally speaking, venture capitalists invest in later-stage companies while angel investors generally participate in early-stage enterprises. Angel funders, private investors, private angels, business angels, and informal investors are other names for angel investors.
In exchange for ownership equity or convertible debt, these people provide new companies with capital.
What are the 4 investing stages?
Planning, accumulation, distribution, and legacy phases are some of the common investment phases. The accumulation period is when the majority of the cash flows into the investment pool occur.
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an advertiser wants to get a high-level view of how all of their campaigns are performing. which level of ads manager should they view to see these results?
The answer is Ad account level, is the level of ads manager they should view to see these results.
The advertiser's function is what.Forcing an audience to purchase a good or service is the responsibility of those who work in advertising. Advertising for a company's clients, advertisements for the company they work for, or both may be created by these individuals.
In marketing, what does an advertiser do?A business, group, or person who purchases advertising time or space in order to convey a message or persuasive advertisement to the public is known as an advertiser. Its origins can be traced back to the Latin verb annunciare, which meaning to make known or proclaim a news item.
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in 1800, the average income of u.s. citizens was, in inflation-adjusted terms, roughly a. $100. d. $2,000. b. $400. e. $750. c. $19,600.
The concept is Average Income, the amount of money, property, and other transfers of value received over a set period of time. The answer will be option B.
The term “ income ” generally refers to the quantum of a plutocrats, property, and other transfers of the value entered over a set period of time in exchange for services or products. There's no single, standard description of income is defined according to the environment in which the conception is used.
The average income of plutocrats that workers earn in a particular assiduity, area, or frugality during a particular period of time. During the late 19th century, the average American worker was unemployed for three or four months at a time due to illness, tempestuous rainfall, or seasonal severance.
In the late 19th century, the average income of a civic worker was only about$ 400 or$ 500 a time, a sum inadequate to support a family.
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during the current fiscal year, a company had revenues of $530,000, cost of goods sold of $380,000, and an income tax rate of 35 percent on income before income taxes. what was the company's current year net income?
The company's current year net income is $97,500, when company had revenues of $530,000, cost of goods sold of $380,000, and an income tax rate of 35 percent on income before income taxes.
To calculate the company's current year net income, we need to first calculate the company's income before taxes. We can do this by subtracting the cost of goods sold from the revenues:
Income before taxes = Revenues - Cost of goods sold
= $530,000 - $380,000
= $150,000
Next, we need to calculate the income tax expense:
Income tax expense = Income before taxes x Tax rate
= $150,000 x 35%
= $52,500
Finally, we can calculate the company's net income by subtracting the income tax expense from the income before taxes:
Net income = Income before taxes - Income tax expense
= $150,000 - $52,500
= $97,500
So, the company's current year net income is $97,500.
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a social audit is a group of answer choices review of the costs of operating a social program. report of what a business has done and is doing about social issues. review of a tax statement by the internal revenue service. review of management's social activity for the year.
A social audit is a b) report of what a business has done and is doing about social issues.
A social audit is a formal examination of a company's social responsibility efforts, procedures, and code of conduct, as well as the company's influence on society. A social audit is an evaluation of how effectively a firm is meeting its social responsibility goals or criteria.
Companies should strive to establish a balance between profitability and social responsibility. A social audit is an internal investigation of how a specific firm affects society.
The audit assists businesses in determining if they are accomplishing their objectives, which may include measurable targets and benchmarks.
A social audit allows a firm to determine if its actions are being received positively or adversely, and it correlates that information to the organization's overall public image.
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Correct question:
a social audit is a
a) review of the costs of operating a social program.
b) report of what a business has done and is doing about social issues. c
c) review of a tax statement by the internal revenue service.
d) review of management's social activity for the year.
according to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause a. prices to rise and output to remain unchanged. b. prices to fall and output to fall. c. prices to rise and output to rise. d. prices to fall and output to remain unchanged.
According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause prices to rise and output to remain unchanged.
What is aggregate supply?
In economics, the total quantity of goods and services that businesses in a national economy intend to sell over a given time period is referred to as aggregate supply (AS) or domestic final supply (DFS). It is the entire quantity of goods and services that businesses in an economy are willing and able to sell at a specific price level. Government "supply-side policies," which aim to raise productive efficiency and subsequently national production, focus on the aggregate supply.
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eileen is preparing a report pursuant to the terms of a property management agreement. this report attempts to predict the income and expenses associated with running the property over the next year. what report is she preparing?
Eileen is preparing a report pursuant to the terms of a property management agreement. this report attempts to predict the income and expenses associated with running the property over the next year. operating budget report is she preparing .
What is operating budget report ?
An operating budget is a thorough forecast of a company's anticipated future revenue and expenditures.
Businesses typically create an operating budget around the end of the year to illustrate anticipated activities the next year.
What is an operating budget's purpose?
An operating budget provides the structure a small business owner needs to steer the enterprise in the direction of a particular profit target.
Its goals include organizing all departmental activities, planning the company's operational strategy, and providing a framework for assessing staff performance.
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in an attempt to reduce shooting deaths, some cities have offered money to people who turn in their guns. this program is an example of the government using to influence behavior. a incentives b marginal analysis c the law d the gains from trade e the equity principle
Option - A : incentives.In an attempt to reduce shooting deaths, some cities have offered money to people who turn in their guns. this program is an example of the government using to influence behavior called incentives.
An incentive programme is a structured plan designed to encourage or promote certain activities or behaviours by a certain group of individuals over the course of a predetermined amount of time. In instance, incentive programmes are utilised in sales to entice and keep consumers as well as in corporate management to inspire personnel.
Here are some examples of incentives that have been shown to engage and encourage workers over time.
acclaim and prizes,referral initiatives,advancement of your career, profit sharing, wellbeing,reimbursement for tuition,Bonuses, increases, and enjoyable presents.
Economic Incentives: Material Gain or Loss (doing what is best for ourselves)
Social Incentives: Gaining or Losing Reputation (being seen to do the right thing)
Moral Incentives: Gaining or Losing Conscience (doing or not doing what is morally correct)
Financial and non-financial incentives are the two different categories of incentives.
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what is the present value of an annuity with monthly payments of $500, paid at the beginning of the each of the following three years, if the discount rate (apr) is 12%?
the present value of an annuity with monthly payments of $500, paid at the beginning of each of the following three years, if the discount rate (APR) is 12%, is $1016.01.
The present value of an annuity is calculated by determining the present value of each future payment, and then summing these values. To calculate the present value of each payment, you would use the formula:
PV = PMT / (1 + r)^n
Where:
PV = present value of each payment
PMT = monthly payment ($500)
r = the discount rate (12%)
n = the number of periods (3 years)
To convert the annual percentage rate (APR) to a monthly rate, you would divide the APR by 12:
r = 0.12 / 12 = 0.01
Now, you can use the formula to calculate the present value of each payment:
PV = $500 / (1 + 0.01)^(12 x 3) = $500 / (1 + 0.01)^36 = $500 / 1.4698 = $338.67
So, the present value of each of the three payments is $338.67. To find the present value of the entire annuity, you would sum the present value of each payment:
PV = $338.67 x 3 = $1016.01
So, the present value of an annuity with monthly payments of $500, paid at the beginning of each of the following three years, if the discount rate (APR) is 12%, is $1016.01.
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a company had inventory on hand of $100. in addition, on the last day of the year, it shipped $10 to a customer with terms f.o.b. shipping point. the correct amount of the seller's inventory at the end of the year is
As a result, the seller's inventory should be $100 Minus $10 = $90. According to the FOB shipping point, the Buyer is in charge of the goods once they leave the shipment point.
If the items are shipped FOB shipping point, it means the buyer receives the title to the products when they arrive at the shipment point. Therefore, in the described situation, the products are exported under the terms FOB shipping point, transferring ownership to the buyer and causing the inventory to be depleted.
One person's labor serves as a check on another to thwart fraud and mistakes. A task's owner should be identified and given explicit responsibility. Keeping thorough records can assist prevent asset loss.
As a result, the seller's inventory should be $100 - $10 = $90.
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abner and bette have been married for 20 years and have always filed a joint return. they never itemize their deductions. abner and bette have gross income of $80,000 and deductions for adjusted gross income in the amount of $5,000, and they do not have any children. neither abner nor bette are over the age of 65 and neither is blind. what is abner and bette's taxable income in the current year?
The combined gross income of Abner and Bette is $80,000; however, they have $5,000 in deductions from their combined adjusted gross income. No children exist for them.
What's your annual gross income?Your total income, or gross income, is made up of your salary, royalties, capital gains, business profits, retirement benefits, and other sources of income. Education costs, interest on student loans alimony payments, and retirement account contributions are a few examples of expenditures that can be adjusted as part of income.
If so, does gross include taxes?Before any deductions and adjustments have indeed been made, your income is known as your gross pay. What's usually referred as the your yearly pay is your gross annual income. After withholdings like taxes and social security have been made, the remaining amount is known as net pay.
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top sound, inc., has total assets of $212,000, a debt-equity ratio of .6, and net income of $9,500. what is the return on equity?
The return on equity when Top Sound, Inc. has total assets of $212,000, a debt-equity ratio of 0.6, and a net income of $9,500 is 0.112.
What Is Return On Equity?Return On Equity (ROE) is a tool in economics that can be used to measure financial performance calculated by dividing net income by shareholders' equity. Therefore, ROE can be used to determine the performance and also the level of efficiency of a company to be able to create profits. To be able to find ROE and associated with the information in the problem, the following method is used:
ROE = Net Income / (Assets x (1 - Debt Ratio)
ROE = $9,500 / ($212,000 x (1 - 0.6)
ROE = $9,500 / ($212,000 x 0.4)
ROE = $9,500 / $84,800
ROE = 0.112
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mauricio, the owner of pizza aroma, spent $2,500 of his own money to take his family to disney world. because of the separate-entity assumption, pizza aroma's financial statements will report blank . multiple choice question.
Mauricio, the owner of pizza aroma, spent $2,500 of his own money to take his family to disney world. because of the separate-entity assumption, pizza aroma's financial statements will report nothing about this trip.
What is the separate-entity assumption ?
Business entity assumption, also known as separate entity assumption or the economic entity concept, is an accounting principle that argues that all businesses must maintain their financial records independently of their owners' and other businesses'.
Which 5 entity types are there?
several business entity types. Although the majority of small firms in the United States incorporate under one of the following five entity forms—sole proprietorship, partnership, C corporation, S corporation, or limited liability company—the majority of state governments in the country recognize a wide variety of legal entity kinds (LLC).
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