If Pierre does respond to the email with sensitive information, he could potentially be putting the company at risk of financial loss and identity theft.
It's important for individuals to be aware of phishing scams and to take steps to protect themselves and their organizations.
The email appears to be a phishing scam. Phishing is a form of cybercrime where attackers send fraudulent emails that appear to come from a trusted source, such as a boss or a company, in an attempt to steal sensitive information such as passwords, credit card numbers, and other personal information.
In this case, the email appears to come from Pierre's boss and is asking for sensitive information (the company credit card number), which should raise a red flag. A reputable company would not request sensitive information through an unsolicited email.
It's important for Pierre to be cautious and verify the authenticity of the email before responding. He can do this by contacting his boss directly (not through the email) and confirming the request, or by checking with the company's IT department to see if they are aware of the email.
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hich of the following are included in the summary of significant accounting policies included in the notes to the financial statements? (select all that apply.) multiple select question. choice between lifo and fifo. items included in cash and cash equivalents. supporting calculations for income taxes. method of depreciation.
The following is a summary of important accounting policies included in the notes to the financial statements:
Depreciation methodItems included in cash and cash equivalentsSupports calculations for income taxChoice between LIFO and FIFO (if any)Accounting policies refer to the specific principles, bases, conventions, rules and practices that companies follow in preparing their financial reports. This policy outlines how the company recognizes, measures and presents financial information in its financial statements. A summary of important accounting policies is usually included in the notes to the financial statements, and is intended to provide additional information about how a company's financial statements are prepared, and to assist the reader in understanding the company's financial performance and financial position.
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Explanation:
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the country of livonia has an adult population of 100 million. sixty percent of livonia's population are employed, but 10% of the people are unemployed. the labor force participation rate in livonia is: a 70%. b 60%. c 7%. d 10%. e 50%.
Option A. The labor force participation rate is a measure of the portion of the adult population that is actively participating in the labor market.
This includes people who are employed and those who are unemployed but actively seeking work. The labor force participation rate provides valuable information about the health of a country's economy and can be used to track changes in employment over time.
In Livonia, the adult population is 100 million. Out of this population, 60% are employed, meaning there are 60 million employed people. Additionally, 10% of the adult population are unemployed but actively seeking work, meaning there are 10 million unemployed people.
To calculate the labor force participation rate, we add the number of employed people and the number of unemployed people who are actively seeking work:
60 million (employed) + 10 million (unemployed) = 70 million (labor force)
The labor force participation rate is then calculated as the labor force divided by the adult population:
70 million / 100 million = 70%
So, the labor force participation rate in Livonia is 70%.
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Maryland department of assessments and taxation business search is called: _________
Maryland department of assessments and taxation business search is called: Maryland Business Express Portal.
What is corporate taxation?The term "corporate tax," sometimes known as "corporation tax" or "business tax," refers to a type of direct tax levied against the profits or assets of companies or other similar legal entities. These taxes are common in many nations, and they could also be levied at the state or local levels. Taxable income for businesses is frequently calculated similarly to taxable income for individual taxpayers.
The tax is often levied on net earnings. In certain places, the regulations governing how businesses are taxed may be very different from those governing how people are taxed. Tax exemptions for specific business behaviors or entity kinds are possible.
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An assembly line has 10 stations with times of 1,2,3,4,..., 10, respectively. What is the bottleneck time? a. 1.82% of the throughput time b. 100% of the throughput time c. 550% of the throughput time d. 18.18% of the throughput time e. 50% of the throughput time
Option D is correct. The bottleneck time is 18.18% of the throughput time.
What is bottleneck time?The weakest part of a supply chain is the bottleneck time, that is frequently referred to as the restraint or limiting factor. It refers to the section of a manufacturing line that limits the process's total production. In other words, the bottleneck time is the amount of energy required to execute the activity that affects the process's overall pace.
For instance, if you are producing a item on a factory line and one station takes the longest to finish, that station has now become the process' bottleneck. This demonstrates that the speed of operation of this station is the only restriction on the entire manufacturing process. Therefore, increasing this station's functionality can aid in improving the production levels of the process.
According to question:
The bottleneck time is the time at the station with the longest processing time, which is 10 in this case. The throughput time is the total processing time for all stations, which is 55 (1 + 2 + 3 + ... + 10). So, the bottleneck time is equal to 18.18% of the throughput time, which is 10 / 55 = 0.1818 or 18.18%.
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entry for issuing materials materials issued are as follows: requisition no. material job no. amount 201 aluminum 500 $976,000 202 plastic 503 379,400 203 rubber 504 187,700 204 glue indirect 170,000 205 steel 510 619,000 journalize the entry to record the issuance of materials. if an amount box does not require an entry, leave it blank. blank accountdebitcredit blank - select - - select - - select - - select - - select - - select -
When a company issues materials, it means that the materials are taken from inventory and used in the production process. The cost of these materials then becomes an expense for the company.
To record the issuance of materials, a journal entry is made in the company's accounting records. This entry involves two accounts: Materials Issued and Accounts Payable. Materials Issued is an asset account that represents the value of the materials that have been taken from inventory and are now being used in the production process. This account is debited for the cost of the materials issued. Accounts Payable is a liability account that represents the amount owed to suppliers for materials that have been received but not yet paid for. When materials are issued, the Accounts Payable account is credited for the cost of the materials. In other words, the debit to the Materials Issued account decreases the company's assets and the credit to the Accounts Payable account increases the company's liabilities. Here's an example of how the journal entry would look for the issuance of the materials listed in the original question:
Debit: Materials Issued (Aluminum) $976,000Credit: Accounts Payable $976,000
Debit: Materials Issued (Plastic) $379,400Credit: Accounts Payable $379,400
Debit: Materials Issued (Rubber) $187,700Credit: Accounts Payable $187,700
Debit: Materials Issued (Glue Indirect) $170,000Credit: Accounts Payable $170,000
Debit: Materials Issued (Steel) $619,000Credit: Accounts Payable $619,000
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most public companies include additional information about cash and cash equivalents in the footnotes to their financial statements. question content area bottom part 1 true false
The footnotes to the financial statements of most public firms provide additional information about cash and cash equivalents. A cash equivalent would be something like accounts payable. Assets include cash and its equivalents.
What is financial statements?Financial statements are official records of a company, an individual, or another entity's financial transactions and standing. The presentation of pertinent financial data is organised and presented in an understandable style. The cash flow statement, income statement, and balance sheet are the three primary types of financial statements. These three financial statements collectively display a company's assets, liabilities, revenues, expenses, and cash flows from operations, investments, and financing activities. On the income statement, interest expense is listed as a non-operating expense. It represents interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines. It is essentially determined by multiplying the debt's outstanding principal amount by the interest rate.
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which of the following are included in gdp? question 2 options: the rise in life expectancy over time the cost of hospital stays the greater variety of cheese available in supermarkets the iron that goes into the steel that goes into a refrigerator bought by a consumer a used car sale a new car sale child care provided by a licensed day care center
Gross domestic product, sometimes known as GDP, is the indicator of an economy's overall production value during a given time period.
A measure of a nation's productivity over the course of a year is its gross domestic product (GDP). Government spending, business investment, individual consumption, and net exports (exports minus imports) are all totalled up to calculate the GDP. Because they were already calculated in earlier periods, revenues from property sales in prior years are not included in the GDP (options "A" and "C" in the example). GDP only counts earnings from legitimate and formal sources when it comes to work (option "D" does not match this principle in the example). Thus, in the example, the costs associated with a stock broker's services are taken into account when calculating GDP for the year in which the transaction occurred.
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a strategic business unit with fourteen separate product lines would be considered to have a(n) portfolio group of answer choices unfocused diversified market saturation specialized overlapping
A strategic business unit with fourteen separate product lines would be considered to have a diversified portfolio. A strategic business unit, or SBU for short, is a fully functional division of a company with distinct objectives. A strategic business unit is an important part of the organisation and often runs on its own.
It updates the headquarters on its operational condition. A business unit is a distinct division within a corporation that frequently creates and implements its own procedures outside from the primary business or brand while continuing to follow the general corporate standards. It enables a manager to develop and carry out internally logical and consistent business plans. The heads of each business unit are in charge of profitability, strategic planning, and performance.
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krystal runs a nail salon and needs to decide how many hours to stay open. table below illustrates her marginal costs of staying open for each additional hour. suppose that krystal's marginal benefit of staying open per hour is $30. if she is following the marginal principle, how many hours should krystal stay open? hoursof operationmarginal cost 16 212 318 424 530 530 636 742 select one: a. 4 hours b. 5 hours c. 6 hours d. 7 hours question 19 not yet answered marked out of 1.00 not flaggedflag question question text kaitlyn and larissa have formed a dog bathing and grooming business business. the number of dogs they can bathe or groom in any given day is depicted in table below. the opportunity cost of grooming the first dog in a day is bathing dog(s). bathgroom 06 75 134 183 222 251 270 select one: a. 1 b. 2 c. 24 d. 25 question 20 not yet answered marked out of 1.00 not flaggedflag question question text the additional cost resulting from a small increase in some activity is called the select one: a. opportunity cost. b. marginal benefit. c. marginal cost. d. diminishing returns of the activity. question 21 not yet answered marked out of 1.00 not flaggedflag question question text angelina, age seven, decides to dress up like princess fiona for halloween. what is the opportunity cost of her decision? select one: a. the cost of the costume b. the fact that she can't dress up like dora the explorer, her second choice c. zero, because seven-year-olds don't have opportunity costs d. the cost of the lady gaga costume which she did not want question 22 not yet answered marked out of 1.00 not flaggedflag question question text if an economy is fully utilizing its resources, it can produce more of one product only if it select one: a. doubles manufacturing of the product. b. produces less of another product. c. adds more people to the labor force. reduces the prices of the most expensive products. question 23 not yet answered marked out of 1.00 not flaggedflag question
Krystal should stay open for 5 hours. According to the marginal principle, an economic decision maker should continue to increase an activity as long as the marginal benefit exceeds the marginal cost.
What is Marginal Principle ?Bathing one dog is the opportunity cost of grooming the first dog of the day. Opportunity cost is the loss of the next best option. Since bathing one dog is the next best choice available to Kaitlyn and Larissa, bathing one dog represents the opportunity cost of grooming the first dog in this situation.The marginal cost is the additional expense brought on by a slight increase in some activity. The cost of producing one extra unit of a good or service is referred to as the marginal cost. It is the variation in overall cost brought on by a change in the production produced.
The opportunity cost of Angelina's choice is her second option, as she can't dress up as Dora the Explorer.
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When positioning products relative to competitors' offerings, firms typically are most successful when they focus on opportunities A) that build on their strengths relative to those of their competitors. B) in international markets. C)where customer excellence can be substituted for product excellence. D)where value-based pricing can be ignored. E)for diversification. Save
The correct answer is option a. When positioning products relative to competitors' offerings, firms typically are most successful when they focus on opportunities that build on their strengths relative to those of their competitors.
A firm can be defined as a for-profit business organization, like a corporation, limited liability company (LLC), or partnership, which provides professional services. Most of the firms have just one location.
In microeconomics, the theory of the firm tries to explain why the firms exist, why they actually operate and why they produce as they do, and how they are structured. The theory of the firm advocates that firms exist only to maximize profits; however, this theory may changes as the economic marketplace changes.
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if you pay a total of $400 for your social media campaign, and you agreed to pay $0.20 per click, how many clicks did you get?
Answer: You would have received 2000 clicks within the agreed payment of 0.20 per click. So 2000 people clicked on your social media campaign.
Explanation: 0.20x2000 = 400. Or 400/0.20 = 2000.
canada exports oil, prepared food, and vegetables to the united states. the united states exports vehicles, plastics, and mineral fuels to canada. adam smith would say this exchange occurs because
This exchange occurs because nations with an absolute advantage in producing certain goods trade them for goods produced by other countries. By total cost, imported autos, trucks, auto components or accessories.
Refined petroleum oils, and crude oil were Canada's top imports in 2021. The second-largest importer in the world is the United States. Consumer goods, capital goods, and industrial supplies accounted for the majority of imports in 2022, followed by automotive cars, parts, and engines (12%) and foods, feeds, and drinks (25%) (6 percent). Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through Free trade agreements.
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jordan inc. manufactures water polo balls, which sell for $50. the company expects to incur the following costs during the coming year: variable manufacturing cost, $15 per unit; variable selling and administrative cost, $5 per unit; fixed manufacturing cost, $35,000; and fixed selling and administrative cost, $25,000. what is the break-even volume in sales dollars?
Jordan inc. manufactures water polo balls, The break-even volume in sales dollars is given by $100,000.
What are sales?A sale is a transaction that involves exchanging products or services for a specific sum of money. To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment. Sales, as used in accounting, refers to the money a business makes through selling goods or services.
The sales representative solicits orders from current or potential sales outlets while selling products and attending to customer demands. When a consumer makes a purchase, they ensure they are satisfied and well taken care of. They can create new accounts in this manner for their employer.
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the sovereign immunity doctrine states that a foreign sovereign cannot be sued unless an exception to the foreign sovereign immunities act of 1976 applies. a sovereign is:
A sovereign is a supreme power or governing authority, often referring to a nation's political entity. The sovereign immunity doctrine means that a foreign sovereign cannot be sued in a U.S. court unless an exception under the Foreign Sovereign.
What is a sovereign?A sovereign is a supreme ruler or a supreme governing authority, either of a nation-state or of an independent state. In legal terms, sovereign refers to a government or a state that has complete and independent power and authority over its territory and citizens, and is not subject to control by any other government or entity.
The sovereign immunity doctrine states that such a government or state is immune from being sued in the courts of another country, unless an exception specified in the Foreign Sovereign Immunities Act of 1976 applies. Hence, the answer is, a sovereign is a supreme power or governing authority, often referring to a nation's political entity.
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identifying the metrics underlying the performance of a given business unit is a key aspect of group of answer choices developing portfolio models planning products separating product lines into sbus managing brands itemizing corporate report cards
The performance of a given business unit is a key aspect of managing a business unit.
Identifying the metrics underlying the performance of a given business unit is a critical aspect of managing a business unit. Metrics are quantifiable measures that are used to track and assess the performance of a business unit. They provide important insights into the strengths and weaknesses of the unit and help to identify areas that need improvement. By using metrics to evaluate performance, business unit managers can make informed decisions, set realistic goals, and develop strategies to increase efficiency, productivity, and profitability. There are several types of metrics that can be used to evaluate the performance of a business unit, including financial metrics, customer metrics, operational metrics, and employee metrics. Financial metrics, such as revenue, profit margin, and return on investment, provide a snapshot of the financial health of the unit. Customer metrics, such as customer satisfaction, customer loyalty, and customer acquisition cost, give insight into the quality of customer relationships and the success of customer acquisition efforts. Operational metrics, such as lead time, cycle time, and quality, give insight into the efficiency of the unit's operations. Employee metrics, such as employee satisfaction, turnover rate, and absenteeism, provide insight into the satisfaction and engagement of employees.
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dianne's discount clothing store is in a strip mall. she wants to know what other businesses in the strip mall her customers visit when they come to her store. to collect information for this objective, dianne will most likely use
Dianne's discount clothing store is in a strip mall. she wants to know what other businesses in the strip mall her customers visit when they come to her store. to collect information for this objective, dianne will most likely use observation.
How does discount work?
Discount is a term that describes a sum or a percentage subtracted from a product's usual selling price. Make sure you need all of the items you plan to buy before waiting until after the holiday when you can frequently find them at a significant discount.
Discount is a term that refers to a reduction in the cost of a commodity or service.
What does a business discount mean?
A business will give a product or service at a discounted price as a sales discount. How to add discounts to invoices should be learned.
Customers of a business receive a discounted price on one or more of the goods or services being supplied when they take advantage of a sales discount, sometimes known as simply a "discount."
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operations and supply chain management includes which of the following activities? multiple select question. managing the firm's advertising expenditures. improvement of systems that create the firm's primary products. design of delivery systems. operation of systems that create the firm's primary products.
Operations and supply chain management includes C: "design of delivery systems" and D: "operation of systems that create the firm's primary products".
Operations and supply chain management encompasses a variety of activities related to the production and delivery of a company's products and services. This field focuses on optimizing the efficiency and effectiveness of a company's operations to meet customer needs and improve overall performance. Key activities in operations and supply chain management include designing delivery systems to ensure the efficient and timely delivery of products, as well as operating the systems that create a company's primary products.
This field is concerned with managing the entire process from raw materials to the delivery of finished goods to customers. By focusing on these key activities, operations and supply chain management helps companies to reduce costs, improve quality, and increase overall competitiveness.
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a choice made by comparing all relevant alternatives systematically and incrementally is question content area bottom part 1 a. a sunk cost. b. a benefit. c. a choice on the margin. d. a choice made in the social interest. e. an opportunity cost.
a choice made by comparing all relevant alternatives systematically and incrementally is question content area bottom part 1 a. choice on the margin.
What is minimum order quantity?The minimal quantity of goods you have to order from a provider in a single order. MOQs are established by suppliers to prevent resource waste on orders that result in little to no profit. It may be determined by the quantity ordered or the overall order amount. The economic order quantity, or E.O.Q., is the best level of inventory to be acquired and kept in order to reduce excessive inventory and storage expenditures. M.O.Q., or the minimal order quantity for profit, may be utilized by either a business or a factory. The least quantity or number that can be ordered in a single delivery is known as a minimum order. This is typically done to distribute delivery expenses among a reasonable number of units.
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normative economics is . multiple choice question. based on the use of the scientific method based on facts applicable only to macroeconomics based on value judgments
Normative economics is based on value judgments.
Normative economics is concerned with making value judgments about what should be, rather than what is. It deals with subjective opinions and beliefs about what the economy should look like and how it should be managed.
Normative economics often involves making recommendations and proposing policies based on personal, political, or ethical beliefs.
In contrast, positive economics is based on the use of the scientific method and is concerned with describing and explaining economic phenomena. Positive economics is objective and fact-based, relying on data and empirical evidence to draw conclusions about the economy.
Therefore, the correct answer is "based on value judgments".
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Type the correct answer in the box. spell all words correctly. which act outlines regulations to control smoke and other forms of pollution from various sources, whether stationary or in motion? the outlines regulations to control air emissions from various sources, whether stationary or in motion.
The outlines regulations to control air emissions from various sources, whether stationary or in motion the regulating act is Clean Air Act.
The Clean Air Act is the major federal air quality law in the United States, with the goal of reducing and controlling air pollution across the country.
It was passed in 1963 and has been modified numerous times since then. It is one of the United States' first and most significant contemporary environmental laws.
The Clean Air Act (CAA) is a comprehensive federal statute that governs air pollution from both fixed and mobile sources.
Countries can lessen the burden of disease caused by stroke, heart disease, lung cancer, and both chronic and acute respiratory ailments, including asthma, by lowering air pollution levels.
Therefore, Clean Air Act outlines regulations to control air emissions from various sources, whether stationary or in motion.
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a 6% return that you could have earned if you had made a particular investment.O Discounting O Time value of moneyO Amortized loanO Ordinary annuityO Annual percentage rateO Annuity dueO PerpetuityO Future valueO Amortization scheduleO Opportunity cost of funds
A 6% return that you could have earned if you had made a particular investment is an example of opportunity cost of funds. Thus, the last option is the correct answer.
What is opportunity cost?The opportunity cost of a particular activity in microeconomic theory is the value or benefit given up by engaging in that activity in comparison to engaging in an alternative activity.
The opportunity cost of capital is the incremental return on investment that a company foregoes when it chooses to invest cash in a marketable security rather than an internal project.
The following formula is used to calculate opportunity cost:
Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.
Therefore, 6% return that you could have earned if you had made a particular is the opportunity cost of funds.
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Markets, viewed from the perspective of the supply and demand model:
A. assume many buyers and many sellers of a standardized product.
B. assume market power so that buyers and sellers bargain with one another.
C. do not exist in the real-world economy.
D. are approximated by markets in which a single seller determines price.
From of the perspective of a supply and demand paradigm, markets Assume there are numerous sellers and purchasers for a standardized product.
The importance of the supply and demand paradigm in economics?The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market.The interplay between demand and supply eventually balances out in accordance with the tenets of a market economy.
Marx's explanation of supply and demand?Marx said that people were pushed to overwork and perform jobs they did not want to undertake due to the free market's impulsive nature.He emphasized that people will seem like machines because market forces including supply and demand dictate how much work they do.
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what type of public liability is caused when the individuals are affected by practices of the personnel within the facility?
Excluding negligence is the type of public liability caused when individuals are affected by the practices of the personnel within the facility.
Why is public liability necessary?
Your ability to defend against potentially costly legal claims is aided by having public liability insurance, which may be able to compensate you. Disputes are less likely to reduce your company's profitability with the insurance in place.
The kind of public liability that results from the practices of the staff within the facility having an impact on people is different from negligence.
Therefore, Public liability insurance protects both your property and that of your neighbors in case any harm is done or someone is hurt while the work is underway.
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if rose wants to have $570,000 from a $226,000 investment after 12 years, the interest rate (to the nearest percent) she needs is
Rose needs an interest rate of 8% if, after 12 years, she wishes to have $570,000 from a $226,000 investment.
What connection exists between an investment and an interest rate?Interest rates and investment have an inverse relationship. Individuals will borrow less money from the bank if the interest rate is high, leaving them with less money to invest in the firm. Conversely, if the interest rate is low, people will borrow more money from the bank.
Why is the interest rate significant in investments?Because they affect people's propensity to borrow money, interest rates are among the most significant figures in the economy. It's costly to borrow money when interest rates are quite high.
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the document that records the materials, labor, and manufacturing overhead costs charged to a job is the
The document that records the materials, labor, and manufacturing overhead costs charged to a job is the job cost sheet.
What is job cost sheet?A job cost sheet is used to keep track of all expenses related to a certain job. Direct labor costs directly related to the job, direct material costs directly related to the job, and manufacturing overhead costs directly related to the job are included in these prices.
A job cost sheet is a document that lists every expense made to complete a project. These expenses can be recorded both during and after the project. This document is often generated by the accounting department to confirm that expenditures were within the budgeted amount. cost projection for upcoming work.
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welsford company has current assets of $1,700,000 and current liabilities of $1,400,000. if they issue $100,000 of new stock, what will their new current ratio be?
The answer to the above-mentioned issue is the current ratio, which is calculated as the ratio of current assets to current liabilities.
How can one identify the issue?The current ratio is determined as the ratio of current assets to current liabilities. This is the equation:
Current Ratio = Current Assets / Current Liabilities.
The present ratio of $1,700,000 to $1,400,000 has a current ratio of 1,21 prior to the issue of additional shares.
In the event that new stock is issued for $100,000, the new current assets will be $1,700,000 + $100,000 = $1,800,000. The most recent current ratio is:
1,29 (current ratio = 1,800,000/1,400,000) is the current ratio.
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because you understand the law of supply, you can deduce that the correct graphical representation of the supply for records must be
Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for records must be a straight line. Supply is determined by factors such as price, availability of resources, and number of suppliers, among many others.
What do you mean by a Straight line?
A straight line is a line that continues in the same direction without any bends or curves. It is the shortest path between two points and is often used to represent relationships between two variables in a graph. A straight line is said to have an undefined slope, since it moves in a single direction, either up or down. Straight lines can also be used to define angles, as the angle between two intersecting straight lines is equal to the inverse of their slope. Straight lines are also commonly used in geometry to define the side of a triangle, a polygon, or a circle. Straight lines are also used to define a linear equation, which is a mathematical equation that describes the relationship between two variables.
So, The required answer is Straight line.
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which of the following is true about nominal gdp? base year output divided by current year prices base year prices times current year output current year output divided by base year prices current year prices times base year output current year prices times current year output
The answer is Base year prices times current year output, is true about Nominal GDP.
GDP definitionGross domestic product (GDP) is the accepted unit of measurement for the value added produced by the production of goods and services in a nation over a specific time period. As a result, it also accounts for income generated from that output or total expenditures on finished goods and services (less imports).
What is an example of GDP?We are aware that the GDP is the monetary value of all finished products and services generated in an economy. Let's take Country B as an example, which solely produces backrubs and bananas. Figure%: Products and Services from Country B Five bananas, each worth $1, and five backrubs, each worth $6, are produced in year one.
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on january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. the change in owner's capital during the year was:
The change in owner's capital during the year was $80,500.
What is change in owners capital during this year?The entire expenses and owner withdrawals for Jimmy's Sandwich Company during the present year can be deducted from the total revenues to get the change in owner's capital for that company. The capital of the company's owner was $128,000 as of January 1. Jimmy withdrew $30,000 from the business over the year, which saw revenues of $106,000, expenses of $95,500, and revenues of $106,000. Therefore, $106,000 - $95,500 - $30,000 = $80,500 is used to compute the change in owner's capital. This computation takes into account Jimmy's Sandwich Company's status as a sole proprietorship and the absence of any additional equity changes over the course of the year.
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the following information for year 1 is taken from the accounts of tuttle company. the company uses the periodic inventory method. inventory, december 31, year 1 $ 9,300 purchases 41,300 purchase returns and allowances 730 purchase discounts 530 freight on goods purchased under terms fob shipping point 1,730 freight on goods sold under terms fob destination 930 cost of goods sold 29,700 based on this information, what is the inventory account balance as of december 31, year 1?
The inventory account balance as of December 31, year 1 is $21,370. option (A) is correct.
Inventory on December 31, year 1 is calculated below:
Ending Inventory = Beginning Inventory + (Purchases - Purchase return and allowances - Purchase discount ) + Freight on goods purchased - Cost of goods sold
Ending Inventory = $9,300 + ($41,300 - $730 - 530) + $1,730 - $29,700
= $9,300 + $40,040 + $1,730 - $29,700
= $21,370
The inventory account will be expanded by the expenses of the products bought and will be diminished by the expense of the merchandise sold. Consequently, the equilibrium in the Stock record ought to mirror the expense of the stock things as of now on hand.
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the following information for year 1 is taken from the accounts of tuttle company. the company uses the periodic inventory method. inventory, december 31, year 1 $ 9,300 purchases 41,300 purchase returns and allowances 730 purchase discounts 530 freight on goods purchased under terms fob shipping point 1,730 freight on goods sold under terms fob destination 930 cost of goods sold 29,700 based on this information, what is the inventory account balance as of december 31, year 1?
(A) $21,370
(B) $9,300
(C) $1,730
(D) $29,700