The difference between Income from Operations and Income before Income Taxes on the income statement is that Income before Income Taxes is calculated by deducting non-operating or infrequently occurring transactions from Income from Operations.
The word "income tax" refers to a category of tax that governments apply on income produced by organizations and people under their control. Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities. Governments receive funding from income taxes. They are used to pay for debts owed to the government, fund public services, and supply residents with goods. Many states and municipal governments, in addition to the federal government, also demand payment of income tax.
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According to the revenue recognition principle, revenue is to be recognized when:____.
According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.
A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.
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Frank recently lost his job as a photo lab technician. while he searches for a new occupation, his spaghetti purchases increases. for frank, spaghetti is:_________
Frank recently lost his job as a photo lab technician. While he searches for a new occupation, his spaghetti purchases increase. for frank, spaghetti is inferior good.
What are inferior goods?An inferior good, in contrast to normal goods, is one whose demand declines when consumer income improves (or increases when consumer income reduces) or whose demand increases when consumer income decreases. When consumer income rises, demand for normal items also rises.
In this view, inferiority is not a claim regarding the caliber of the commodity, but rather an observable fact relating to affordability. These items often cost less than $100 and serve the intended purpose well, but as more expensive alternatives that provide greater pleasure (or at least variety) become available, the use of the subpar items declines. It follows that poorer goods and socioeconomic status have direct relationships.
Due to the aforementioned observable inferiority, people with limited incomes tend to favor poorer things.
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Ceo khosrowshahi believes that uber employees should act like owners and share power with managers. Which theorist would most strongly agree with this approach?.
Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach.
Check more about power below.
What is power sharing?The term Sharing power is known to be a term that connote the act or way that people tend to influence, learn from, and work with people in a relationships or business settings.
Note that based on the case above, Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach because of what it stands for.
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After the first two closing entries have been journalized and posted, the balance in income summary is equal to?
After the first two closing entries have been journalized and posted, the balance in income summary is equal to Service revenue
The money a company makes from providing services is known as service revenue. It encompasses any service that the company offers, regardless of whether the client makes a payment. Revenue from services excludes items like interest or a shipment of products. It largely focuses on the company's offerings.
The amount of income a business generates through the sale of services during a specific time period is indicated by service revenue. It does not, however, provide information regarding their revenue.
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The capacity planning function is closely linked with which two key interorganizational supply chain participants?
The capacity planning function is closely linked with two key interorganizational supply chain participants suppliers and customers.
Supply chain managementThe administration of the flow of goods and services between companies and locations is known as supply chain management, or SCM, in the business world. This can include the transport and processing of raw materials, inventories for goods still being produced, finished goods, and the complete order fulfillment process from the point of production to the point of consumption. The provision of goods and services required by end customers in a supply chain combines networks, channels, and node firms that are interconnected, interrelated, or intertwined.
According to the concept of supply-chain management, it is the "layout, planning, execution, regulation, and tracking of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging global logistics, synchronizing supply with demand, and measuring performance globally."
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Payment is made for machinery purchases previously on credit. what effect does this transaction have on the accounting equation?
When machinery that was previously purchased on credit is paid for, both liabilities and assets on the balance sheet increase by the same amount.
A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is an overview of the financial standing of an individual or organization, including a sole proprietorship, a business partnership, a corporation, a private limited company, or other entities like the government or not-for-profit organizations.
A balance sheet is frequently referred to as a "snapshot of a company's financial condition". Of the four fundamental financial statements, the balance sheet is the only one that only relates to a certain moment in a company's fiscal year.
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All the costs appearing on the job cost sheets of the jobs that are being worked on are found in the ______ account.
All the costs appearing on the job cost sheets of the jobs that are being worked on are found in the work in process account.
What is a job cost sheet?
The job cost sheet lists all costs that have been incurred on a particular job till date, which can also be found in the work in process account.
The work in process account contains amounts relating to jobs that are currently being undertaken, as the name indicates, the jobs are still being worked upon not yet completed or finalized.
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Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition _________________ . group of answer choices
Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms
Do barriers to entry exist in a pure monopoly?Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.
The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.
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Planning involves ______. multiple choice question.
a. motivating employees to achieve results
b. setting goals and tactics
c. measuring the company's actual results
d. monitoring the company's actual results
Apparently, planning involves setting goals and tactics. Planning is a systematic process that identifies the most effective plans and techniques to meet the company's objectives and goals. It often involves forecasting trends. Thus, the answer is letter b.
Planning do not involve motivating employees to achieve results but the setting of strategies on how to motivate the workers is part of it. Employee motivation is not increased by planning though. The leading function of management is connected to the role that management plays in inspiring workers to achieve organizational goals.
Measuring and monitoring the company's actual results are not also part of management's planning, too. These are control process of the management.
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When a company such as staples provides a loyal customer with a relevant coupon, based on previous purchases through his or her mobile phone, while the customer is in the store, this is an example of?
When a company such as staples provides a loyal customer with a relevant coupon, based on previous purchases through his or her mobile phone, while the customer is in the store, this is an example of utilize the product or service.
How Do Coupons Function?
A coupon, also known as a coupon payment, is the annual interest rate that is paid on a bond from the date of issuance until maturity and is expressed as a percentage of the face value. The coupon rate is typically used to refer to coupons (the sum of coupons paid in a year divided by the face value of the bond in question).
It is sometimes referred to as a "coupon rate," "coupon percent rate," and a "nominal yield."
URGENT COUPON
A relevant coupon with regard to the calculation is an amount (which may be positive or negative) expressed as a percentage and determined by the calculation agent to be equal to the quotient of the following
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Assuming that reader direct generates net income of $3,000 and pays dividends of $2,000 in 2021, what would be the ending retained earnings balance at december 31, 2021?
The ending retained earnings as at December 31, 2021 is $1,000.
What is the ending retained earnings?Retained earnings is the cumulative portion of the profit of a company that is not distributed to shareholders as dividends. Retained earnings increase the value of a firm. Net income increases retained earnings. Losses and dividend payment reduces retained earnings.
Retained earnings can be used for working capital and capital expenditures or it can be used to pay off debt obligations of the company. Retained earnings is the link between the income statement and the balance sheet. Retained earnings is recorded in he shareholder's equity section.
If a company does not believe it can use its retained earnings efficiently to generate profits, the retained earnings should be distributed to shareholders as dividends.
Ending retained earnings is net income less dividends.
Ending retained earnings = net income - dividends
$3000 - $2000 = $1000
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Hannah is a real estate assistant. her broker has asked her to be available for tasks in the field rather than in the office. what would we call hannah?
Hannah is a real estate assistant can also be called an independent contractor.
What does an independent contractor do?An independent contractor is known to be anyone that is said to be self-employed.
They can be a consultant, lawyer, accountant, agent, engineer or any other kind of work which a person is known to provides services to other firms or people for a fee.
Therefore, based on the scenario given, Hannah is a real estate assistant can also be called an independent contractor.
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Who is susie mccarthy? what is her job? what does the mph credential following her name signify?
Susie McCarthy worked as a project officer for the CDC Division of Adolescent and School Health for six years in the division that I oversee, Program Development and Services.
A Master of Public Health (MPH) opens the door to a wide range of professions that provide you the chance to make a significant impact on people's lives both now and in the future.
What is MPH ?
According to Dr. Leanne Skehan, clinical faculty of health professions at Southern New Hampshire University, a Master of Public Health (MPH) is an interdisciplinary graduate degree created to educate and develop skills in a variety of fields including epidemiology, environmental health, health policy, biostatistics, programme planning and evaluation, and more (SNHU).Studying the most recent developments in health and wellness will help you change people's attitudes toward their health in a variety of contexts. You will learn scientific approaches and best practises as you work toward your MPH.The potential and variety of public health work prospects that an MPH degree can create can lead to rewarding careers.To know more about MPH visit:
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Boeing and airbus both had to make difficult decisions to address ethical missteps. Airbus’ decision to dismiss over 100 employees due to ethics and compliance reasons is tied to which managerial role?.
Airbus' decision to dismiss over 100 employees due to ethics and compliance reasons is tied to disturbance handler
What is Disturbance handler?
In this function, a manager frequently acts as a judge, issue solution, or conflict manager in addition to initiating their own activities as necessary. Such measures aim to prevent minor issues from growing into more significant ones. When employees cannot agree on who will perform a particularly unpleasant but important task, the management must resolve the conflict. She performed the disruption handler position by taking action to correct an employee's divergence from the plan.
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Studying inflation in the united states from 1970 to 2010 is an example of using?
Studying inflation in the united states from 1970 to 2010 is an example of using time series data .
What is time series data ?
A time series is a collection of data points that have been indexed (or listed or graphed) in time order. A time series is most frequently defined as a succession of photos taken at evenly spaced moments in time. As a result, it is a series of discrete-time data. Time series examples include ocean tidal heights, sunspot counts, and the Dow Jones Industrial Average's daily closing value.
Methods for evaluating time series data in order to derive relevant statistics and other data features are included in time series analysis. The employment of a model to predict future values based on previously observed values is known as time series forecasting. While regression analysis is frequently used to assess the correlations between one or more time series.
This form of analysis is not commonly referred to as "time series analysis," which refers to relationships between distinct points in time within a single series. Interrupted time series analysis is used to find changes in a time series' evolution from before to after some action that may alter the underlying variable.
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Each of the following is a determinant of demand except:__________
a. the number of consumers in the market.
b. technology.
c. expectations.
d. tastes.
e. the prices of related goods.
Each of the following is a determinant of demand except Technology
Determinants Of Demand: The variables that affect the economic demand for a good or service are known as demand determinants.
7 Factors which Determine the Demand for Goods
1) Tastes and Preferences of the Consumers
2) Incomes of the People
3) Changes in the Prices of the Related Goods
4) The Number of Consumers in the Market
5) Changes in Propensity to Consume
6) Consumers' Expectations with regard to Future Prices
7) Income Distribution
Each of the following is a determinant of demand except Technology
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Main supplies is a publicly traded firm with 250,000 shares of stock outstanding. if the firm issues an additional 10,000 shares, those shares will be referred to as a(n):_____.
A publicly traded company with 250,000 outstanding shares of stock is called Main Supplies. If the company offers 10,000 more shares, they will be referred to as Seasoned Equity Offering.
Any share issue that occurs after a company's Initial Public Offering (IPO) on the stock market is referred to as a Seasoned Equity Offering also known as a Follow On Offering. Therefore, the corporation issuing the securities is already publicly traded and is returning to the market to raise further funds. A Secondary Offering is the sale of shares by existing shareholders, whereas a Seasoned Equity Offering is the issue of shares to the public following an IPO.
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The net income (in $million) of a sample of steel fabricators are $86, $67, $86 and $85. what is the modal net income?
The correct answer is 86$
To find the modal net income, we have to figure out the most occuring number. Here, 86$ is most repeating one so, Modal net income is 86$.
The median income or modal net income is the level of income at which half of a population is classified as having an income above it and half as having an income below it. It could not be the same as the median income. The income mode is the one that happens most frequently.
The money that remains after all business expenses have been deducted from gross revenue for a certain reporting period, such as a fiscal quarter, is known as net income. Because it appears in that spot on a company's financial statements, net income, also known as profit or earnings, is occasionally referred to as retained income.
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Project managers should try to _____ the size of teams or subteams to avoid making communications too complex.
Project managers should try to limit and decrease the size of teams or subteams to avoid making communications too complex.
How do project managers manage communication in the workplace?Successful project managers communicate through a variety of channels using both formal and informal means. This increases the likelihood that messages will be received. To lessen the likelihood of a communication breakdown, use straightforward language, stay on topic, keep messages brief, and provide all the information in one location.
6 effective methods for project team communication:
1. Gather frequently. Hold regular team meetings to discuss strategies.
2. Be welcoming.
3. Be frank, precise, and succinct.
4. Display some decency.
5. Realize that you might not always be right.
6. Utilize online teamwork tools.
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In some cases, organizations will use a(n) __________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.
In some cases, organizations will use a(n) request for proposal to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.
What is a request for proposal?This is the term that is used to refer to the type of document that a person would have that is able to make the announcement for a project as well as providing the description for that project and the bids for the people that can be given the projects as contractors.
Hence we can say that business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.
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Carlos, a spanish national, is an employee of a u.s.-based company. he works at the company's branch in spain. this would imply that carlos is a:________
This would suggest that Carlos is a citizen of the host nation.
Host-country Nationals (HCNs) are what?
Employees who are nationals of the branch location of the business, as opposed to the headquarters location, are referred to as "host-country nationals."
The language barrier is removed, which is the fundamental benefit of hiring an HCN. A HCN would also be knowledgeable about regional labor and employment legislation. Additionally, the organization benefits from the elimination of hiring and staffing expenses like visas, accommodations, and so forth.
There are, however, certain drawbacks as well. One that stands out is the development of a "we" vs. "them" mentality, which is harmful to the operation of any business.
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For minor matters and cases with a dollar value that is relatively low (typically less than $10,000 depending on the state), states provide local courts known as: _______, or _______, or _______.
States offer local courts known as municipal courts, justice of the peace courts, or small-claims courts for minor disputes and cases with a relatively modest cash value (usually less than $10,000 depending on the state).
Metropolitan Court
State judicial systems frequently start at the municipal court level. They often have limited jurisdiction and can hear cases involving petty charges or misdemeanor crimes committed in their city or township. Municipal court procedures are governed by state statutes, which means that they differ from state to state as shown by the following two examples:
Municipal, county, and justice courts are examples of "local" courts that are not supported by the government. They only have jurisdiction over infractions, less serious offenses, and a few other less serious matters.
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There is such a wide variety of desired goods and services in a market system because?
Due to the diversity of individual desires, there are many different sought commodities and services in a market economy.
What is a market economy?Any methodical procedure allowing numerous market participants to supply and demand: assisting buyers and sellers in interacting and closing deals—is referred to as a market system (or market ecosystem). It is not simply the price mechanism that surrounds it and enables it to function in a social context; it is also the full system of regulation, qualification, credentials, and clearing. Some writers particularly allude to the free market system when they use the term "market system." This article focuses on the term's broader definition, which holds that there are numerous distinct market systems.
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A firm is currently using 12 machines. Each machine is capable of producing 100 units of output. It anticipates that by the end of the year, 3 of its machines will wear out.
a) if it expects to sell 1600 units next year, how many machines will it buy?
b) in the future may fewer machines be needed to produce the same output?
Answer:
Im pretty sure that the correct answer would be the letter A
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an -select- series. the equation is:_________
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an -select- series. The equation is: PV of a perpetuity PMT.
A perpetuity may be a style of annuity that lasts forever, into perpetuity. The stream of money flows continues for an infinite amount of your time. All perpetuities are annuities but all annuities aren't perpetuities. Annuities are investments that make payments for a group duration of your time.
Perpetuities are investments that make payments indefinitely. A perpetuity may be a form of annuity but extremely rare and not commonly offered by insurance companies. the worth of a perpetuity tends to decrease over time. An annuity may be a finite stream of money flows received or paid at specified intervals, whereas Perpetuity could be a type of rent which will last forever, into Perpetuity.
An annuity can further be defined in two types, i.e., rente and Annuity Due. A perpetuity may be a form of annuity where there's without stopping the payments. it's going to have fixed or growing payments betting on its nature. As an example, a rental property will offer you a set amount each month. Meanwhile, a bond certificate will end in an increasing amount after each period as time goes on.
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The type of analysis that examines the relationship of items on the financial statements of one year is called?
The type of analysis that examines the relationship of items on the financial statements of one year is vertical analysis.
What is a vertical analysis?In accounting, this is the method of a financial statement analysis in which each line item is listed as a percentage of a base figure within the statement. The process is that the line items on an income statement is be stated as a percentage of gross sales and the line items on a balance sheet can be stated as a percentage of total assets or liabilities.
Therefore, the vertical analysis of a cash flow statement also shows how the cash inflow or outflow as a percentage of the total cash inflows.
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Based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was _____.
Japan was the second-largest source country of multinational enterprises based on rankings by Forbes in 2003. At that time, Japan has 331 multinational enterprises. The first position was US with 776 multinational enterprises and third position was UK with 132 multinational enterprises.
A multinational company is a company that does business in many countries; these companies are usually very large. These businesses have branches, offices, and factories spread across numerous nations. Global management is typically coordinated from a central office. Very large international firms have access to funds that are separate from those of numerous nations. Due to their considerable economic clout as politicians and vast financial resources for political lobbying and public relations, they can have a significant impact on world affairs.
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Gertrude company receives $15,200 relating to its installment note receivable; of this amount $9,000 represents interest. in its statement of cash flows, this inflow should be reported as a(n):________
Investing activity inflow will be $6200 whereas operating inflow will be $9000. The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Receiving money represents inflows.
The cash generated or spent in relation to investment activities is shown in the cash flow from investing activities portion of the cash flow statement. Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.
Investors view the cash flow statement as a useful indicator of an entity's profitability and long-term prospects. It can be useful to assess whether the business has enough money to cover its expenses.
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Staci owns 1,000 shares of stock in a margin account. those shares are most likely held in:_____.
Staci owns 1,000 shares of stock in a margin account. those shares are most likely held in Street Name.
What is a margin account?
A specific type of brokerage account known as a "margin account" is one in which your broker-dealer loans you money to purchase securities (also known as "margin securities") by using online profile as collateral. With some broker-dealers, you might be able to maintain both a currency and a buffer portfolio concurrently.
Therefore,
Staci owns 1,000 shares of stock in a margin account. those shares are most likely held in Street Name.
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The equity of alliance company is and the total liabilities are . the total assets are ________.
The equity of Alliance Company: $160,000
Total liabilities are $80,000.
Hence, The total assets are $2,40,000.
According to the accounting equation:
ASSETS= EQUITY+LIABILITIES
ASSETS= 1,60,000+80,000
ASSETS= $2,40,000
The total assets are $2,40,000.
Alliance Company: A business alliance is a contract between companies that are typically driven by cost savings and better customer service. Alliances are often managed by an integrated project team and are frequently constrained by a single agreement with a fair risk and opportunity sharing for all stakeholders.
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Complete Question: The equity of Alliance Company is $160,000 and the total liabilities are $80,000.
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