The given statement which is "The utility refers to how much consumers utilize a product or service" is True because of the product or service reach the consumers expectation and can consumer enjoy the product by utilization.
The consumers utilize is the feedback in which the company reviews the consumer expectation and having issue or not with the selling products. The company check the four points to analyze the customer expectation reach or not.
The four expectations are quick and easy resolution consumer complaints, access to preferred service channels, opportunities to answer questions themselves via help centers, personalized experience, and data protection and privacy.
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gloria transfers an asset to a corporation as part of a sec. 351 exchange. the asset has an adjusted basis of $60,000 and an fmv of $140,000. the fmv of the stock received is $180,000, and she also receives $25,000 cash. what are the realized and recognized gains to gloria?
Gloria transfers an asset to a corporation let's recollect the information from the question Loonis acquired 820 shares in exchange for the transfer of assets with a $820,000 FMV and a $444,000 adjusted tax basis.
($113,000) recognized loss.
$100,000 ordinary loss under Sec. 1244 and
$13,000 long-term capital loss.
$30,000 + $21,000 + $11,000 + $25,000
= $87,000 total distribution
$87,000 - $200,000
= ($113,000) recognized loss
Rhea acquired 180 shares in exchange for assets having a $180,000 FMV and a $75,000 adjusted tax basis. The realised and recognised gain on the exchange is then calculated for Loonis and Rhea. Calculate the realised and recognised gain on the trade for Loonis and Rhea. Calculating realised and recognised. Your gain from selling an asset is considered a recognised gain. Recognized gains are distinct from realised gains, which detail the amount of money you made from the deal.
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question content areaprovisions in the tax law that promote energy conservation and more use of alternative (nonfossil) fuels can be justified by:
Provisions in the tax law that promote energy conservation and more use of alternative (non-fossil) fuels can be justified by economic and social considerations.
Economic and social factors might support tax provisions that encourage energy efficiency and the usage of alternative fuels. From a financial standpoint, these clauses can assist in reducing reliance on exhaustible and increasingly expensive fossil fuels, resulting in a more sustainable and secure energy supply. In addition, they can encourage investment in emerging markets and sectors, fostering job development and economic expansion.
Reducing reliance on fossil fuels can help reduce the negative environmental effects of their use, such as air pollution and climate change. This is important from a societal perspective. A cleaner, healthier environment and a more sustainable future can result from promoting the use of alternative fuels. As a result, these rules might be considered as advancing both economic and social objectives, justifying their inclusion in the tax law.
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because you understand the law of demand, you can deduce that the correct graphical representation of the demand for records must be
Because you understand the law of demand, you can deduce that the correct graphical representation of the demand for records must be downward-sloping.
The law of demand states that, all other things being equal, as the price of a good or service increases, the quantity of it demanded will decrease, and vice versa. This relationship between price and quantity demanded is represented graphically as a downward-sloping demand curve.
The demand curve shows the relationship between the price of a good or service and the quantity demanded at that price. The downward slope of the demand curve reflects the inverse relationship between price and quantity demanded, as described by the law of demand.
In the case of records, if the price of records increases, it is likely that the quantity of records demanded will decrease, and vice versa. The correct graphical representation of the demand for records, therefore, must be downward-sloping, reflecting the inverse relationship between price and quantity demanded.
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developing a marketing program that reaches the ultimate consumer directly for a product that incorporates your product, such as dupont advertising to consumers to increase the sales of carpeting which incorporates their product is known as: a. fluctuating demand. b. demand elasticity. c. stimulating demand. d. price sensitivity.
The correct answer is option c. Developing a marketing program that reaches the ultimate consumer directly for a product that incorporates your product, such as dupont advertising to consumers to increase the sales of carpeting which incorporates their product is known as stimulating demand.
Demand stimulation is referred as a process of increasing or encouraging the demand for a particular product or item in a market. It is defined as a form of marketing a product. It is adopted by many companies as it promotes and increases the sale of their goods.
A marketing program is defined as a coordinated and well-designed set of activities which is used to achieve marketing objectives. Marketing objectives are referred as strategic sales goals which fits the products strengths. It is based on various characteristics of the product.
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raci (responsible, accountable, consult, inform) charts go beyond a communication plan in that they identify every project activity and specify the exact involvement of each stakeholder. a. true b. false
The statement "RACI (responsible, accountable, consult, inform) charts go beyond a communication plan in that they identify every project activity and specify the exact involvement of each stakeholder" is true because a RACI chart is a management tool used to clearly define and communicate the roles and responsibilities of team members in a project.
The acronym RACI stands for Responsible, Accountable, Consult, and Inform, and each of these terms refers to a different level of involvement in a project activity. The RACI chart goes beyond a communication plan by identifying every project activity and specifying the exact involvement of each stakeholder, thus ensuring that everyone has a clear understanding of their responsibilities and accountability. This helps to minimize confusion, ensure that all activities are completed on time and to a high standard, and promote effective teamwork.
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the planning stage of integrating a vertical acquisition is difficult because: group of answer choices a. vertical acquisitions are typically a rare occurrence for a firm b. corporate staff are not interested in vertical acquisitions c. technological substitutes can raise the value of the acquisition d. other acquirers may still want to buy the target
d. other acquirers may still want to buy the target is the correct answer
Why the planning stage of integrating a vertical acquisition is difficult ?The planning stage of integrating a vertical acquisition can be difficult for several reasons, but the most commonly cited reason is other acquirers may still want to buy the target.This can create competition for the acquiring firm and increase the risk of losing the target to another acquirer. This can also drive up the price of the target and make the acquisition less attractive for the acquiring firm. Additionally, the process of integrating a vertical acquisition can be complex and require significant coordination between the acquiring firm and the target, making the planning stage a critical and challenging part of the process.To learn more about planning stage refer:
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according to the ucc, an enforceable agreement involving the transfer of title of goods from a seller to a buyer for a price is called a(n)
According to the UCC, a commercial contract is an enforceable arrangement that involves the transfer of ownership of products from a seller to a buyer in exchange for money.
A system of laws controlling sales and business dealings is known as the uniform commercial code (UCC). [1] The goal of any uniform code is to establish a uniform body of law that applies to all relevant jurisdictions. A jurisdiction cannot be bound by the UCC's or other standard code's provisions unless that jurisdiction has adopted them. However, all 50 states have adopted the UCC in whole or in major part. Numerous articles in the UCC address various aspects of commerce. This lecture will concentrate on UCC Article 2, which governs contracts for the sale of goods. We will give examples of instances in which Article 2 is applicable and go over various useful ideas from Article 2 that have an impact on contracts and sales.
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revenue on account amounted to $7,000. cash collections of accounts receivable amounted to $6,700. cash paid for operating expenses was $4,500. the amount of employee salaries accrued at the end of the year was $2,300. what was the net cash flow from operating activities?
The net cash flow from operating activities is the total cash generated or used by a business in its day-to-day operations. In this case, the net cash flow from operating activities was $7,900.
To calculate net cash flow from operating activities:
Net cash flow from operating activities = Revenue on account + Cash collections of accounts receivable - Cash paid for operating expenses - Employee salaries accrued = $7,000 + $6,700 - $4,500 - $2,300 = $7,900This figure was calculated by adding the revenue on account and cash collections of accounts receivable, and subtracting the cash paid for operating expenses and employee salaries accrued. Therefore, the business had a net cash flow of $7,900 from its operating activities for the year.
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one principal way that a company can act ethically toward employees and meet their expectations is by
One principal way that an organization can act ethically toward employees and meet their expectations is by "treating employees fairly and with respect".
This can include:
Providing a safe and healthy work environmentPaying fair and competitive wages and benefitsOffering opportunities for professional development and career advancementImplementing non-discrimination policies and promoting diversity and inclusionEncouraging open and transparent communication, and addressing employee concerns in a timely and respectful mannerRecognizing and rewarding employees for their contributions and accomplishmentsProviding a work-life balance that respects employees' personal and family obligationsBy meeting these expectations, companies can foster a positive work environment, build trust and respect with employees, and ultimately create a more productive and successful business. Additionally, acting ethically toward employees can help a company build a positive reputation and demonstrate its commitment to corporate responsibility and sustainability.
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when the government invests in building roads, ports, and a reliable power grid, the government is investing in a nation's .
The government is investing in a nation's infrastructure when it invests in building roads, ports, and a reliable power grid.
Infrastructure refers to the basic physical and organizational structures and facilities needed for a country to function effectively. This includes things like roads, bridges, ports, airports, water and power systems, and communication networks.
By investing in these key components of a nation's infrastructure, the government aims to enhance the country's economic development, improve quality of life, and attract investment. A well-maintained and efficient infrastructure helps businesses operate more effectively, reduces the costs of goods and services, and stimulates growth in various sectors of the economy.
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assume nitrogen costs $0.40 per pound, corn price is $4.00 per bushel and all other costs total $600 per acre. at the profit maximizing amount of output, what is profit per acre?
Nitrogen costs $0.40 per pound and corn price is $4.00 per bushel. At the profit maximizing amount of output profit per acre is $2.15.
What is profit maximizing amount?In other words, by setting marginal revenue to zero, which occurs at the maximum level of output, one may find the quantity and price that maximises profits. When the total revenue curve reaches its maximum value, marginal revenue is equal to zero. A scheduled airline flight is an example. Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimises profit when the first order, MR = MC, and the second order depend on the first order. Regarding the time frame for making a profit and the objectives of the company, this idea contrasts from wealth maximisation is profit maximizing amount.
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continuing from part (a), now also assume that the purchase and sale agreement requires the payment of an additional $370,000 if the subsidiary achieves a certain level of earnings. you estimate the fair value of that contingent earnings clause in the agreement to be $88,000. how does this additional information affect your computation of goodwill?
If the purchase and sale agreement requires the payment of an additional $370,000 if the subsidiary achieves a certain level of earnings, this information would affect the computation of goodwill.
Goodwill is the excess of the purchase price over the fair value of the net assets acquired in a business combination. The fair value of the net assets is determined by subtracting the liabilities assumed in the combination from the fair value of the assets acquired. In this case, the contingent earnings clause would need to be considered as a liability in the computation of the fair value of the net assets. The fair value of the liability is estimated to be $88,000, so this amount would need to be added to the liabilities assumed in the combination. The computation of goodwill would then be the excess of the purchase price over the fair value of the net assets, including the liability for the contingent earnings clause.
In conclusion, the additional information about the contingent earnings clause would result in an adjustment to the computation of the fair value of the net assets and therefore affect the calculation of goodwill in the business combination.
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burns company issues bonds for their face amount of $2 million. over the life of the bonds, the company pays a total of $3.2 million to bondholders. what can you deduce from these facts regarding the difference between the face amount and the bonds' cash flows?
The answer is the 1.2 m represents the time value of money ,the difference between the face amount and the bonds' cash flows which is 1.2 million dollars represents the time value of money.
Which definition of money fits the bill?Money is any tangible item that is typically accepted as payment for goods and services as well as the repayment of debts in a specific nation or socioeconomic setting. As a unit of account, a store of value, a medium of exchange, and occasionally a standard of deferred payment, money serves four primary purposes.
What does Marx mean by the word money?Marx believed that the commodities economy produced money. In a non-commodity economy, there is no conflict between use value and value, concrete labor and abstract labor, social labor and individual effort, and there is no manifestation of value in general human labor, which results in the absence of money.
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need recognition would be greatest in which situation?
When Pete got home from work, he discovered that his refrigerator was damaged and that all of his frozen and refrigerated food had to be thrown out.
Why do guys need recognition?A man gets his energy from appreciation. He will look for opportunities that will increase in value first. A man has more energy to use the more recognition he receives. See what a man responds when you ask him what makes him feel valued.
What is need recognition in the purchasing process?The first step in the purchasing process is the identification of a requirement or problem. There won't be a purchase if there is no necessity. When there is a discrepancy between the customer's actual condition and their ideal or desired one, this acknowledgment takes place.
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corporate retreats, according ram charan in the textbook, give companies an opportunity to look beyond their own industries to evaluate trends that could impact their own industries in the future. t/f
True .The statement stated by Ram Charan is correct.
What is the definition of company means?In general, a business is a legal construct with limited liability, perpetual succession, and independent legal existence. It is a cooperative gathering of individuals to provide the involving the production for the operation of the company.
What is the nature of company?The Companies Act defines a company as a type of commercial entity. It has a distinct identity from those who are its members or who run it legally. This makes it a legal construct that can be thought of as a person. According to the 2013 Companies Act
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in the food service industry, what type of jobs involve the actual preparation of something, like cooking a dish, assembling a salad, or providing a beverage?
In the food service industry, jobs that involve the actual preparation of food, like cooking a dish, assembling a salad, or providing a beverage, are typically referred to as "back-of-house" jobs.
These jobs are usually performed by line cooks, prep cooks, chefs, and kitchen staff. Back-of-house jobs are an essential part of the food service industry, as they are responsible for creating the dishes and beverages that are served to customers. These jobs typically require specialized skills, knowledge of food preparation techniques, and a strong attention to detail, as well as the ability to work in a fast-paced, high-pressure environment.
Examples of back-of-house jobs include:
Line Cook: prepares and cooks food in a commercial kitchen
Prep Cook: performs basic food preparation tasks such as chopping, dicing, and peeling
Chef: oversees the entire kitchen operation and is responsible for menu development, food quality, and kitchen efficiency
Kitchen Staff: performs various tasks such as dishwashing, food preparation, and cleaning
Overall, back-of-house jobs play a crucial role in the food service industry, as they are responsible for creating the dishes and beverages that are served to customers and help ensure that food service operations run smoothly and efficiently.
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mendez company has identified an investment project with the following cash flows. yearcash flow 1$ 800 21,090 31,350 41,475 a. if the discount rate is 7 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.if the discount rate is 17 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c.if the discount rate is 25 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The present value of the cash flows for the discount rates of 7%, 17%, and 25% are $741.87, $470.24, and $324.33, respectively. Present value is the value today of a future sum of money or stream of cash flows, discounted at a specified interest rate.
In other words, it's the amount of money that you would need to invest today in order to receive a future payment or series of payments, adjusted for the time value of money. The present value calculation takes into account the opportunity cost of not having the money available today and the rate of return that could be earned if the funds were invested. The present value is a fundamental concept in finance and is used in various financial applications, such as capital budgeting, valuation of bonds and stocks, and pension planning.
a. If the discount rate is 7%, the present value of the cash flows can be calculated as follows:
PV = [tex](800 / (1 + 0.07)^1) + (21,090 / (1 + 0.07)^2) + (31,350 / (1 + 0.07)^3) + (41,475 / (1 + 0.07)^4) = 741.87[/tex]
b. If the discount rate is 17%, the present value of the cash flows can be calculated as follows:
PV =[tex](800 / (1 + 0.17)^1) + (21,090 / (1 + 0.17)^2) + (31,350 / (1 + 0.17)^3) + (41,475 / (1 + 0.17)^4) = 470.24[/tex]
c. If the discount rate is 25%, the present value of the cash flows can be calculated as follows:
PV =[tex](800 / (1 + 0.25)^1) + (21,090 / (1 + 0.25)^2) + (31,350 / (1 + 0.25)^3) + (41,475 / (1 + 0.25)^4) = 324.33[/tex]
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the term that seeks to achieve better performance at a lower cost while maintaining all functional requirements defined by the customer is known as
Value engineering is the process that aims to improve performance at a reduced cost while preserving all functional requirements specified by the client.
'What are Value engineering?'
Value engineering is a methodical, planned strategy for delivering essential project functionalities at the lowest cost. Value engineering encourages the use of less expensive substitutes for materials and techniques without compromising functionality.
Instead than emphasising the physical characteristics of different parts and materials, it only focuses on their functions. Value analysis is another name for value engineering. Value engineering is the process of reviewing new or current goods throughout the design phase in order to lower costs and improve functionality in order to boost the product's value.
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a fully amortizing mortgage is made for $114,000 at 6.5 percent interest. required: if the monthly payments are $1,070 per month, when will the loan be repaid? (round up your answer to the nearest whole number.)
The loan will be repaid in 241 months. The completely amortizing mortgage is a type of loan in which the borrower makes regular payments that cover both the interest and the top quantum.
To calculate the number of months it will take to repay a fully amortizing mortgage, the formula is
n = (r × P) / (P - r)
where n is the number of payments, r is the yearly interest rate, and P is the yearly payment. In this case, the loan is for $114,000 at 6.5% interest with a yearly payment of $1,070 .
Putting these values we get:
n = (0.0542 ×$114,000) / ($1,070 - 0.0542 × $114,000)
n = 240.25
Rounding up to the nearest whole number, the loan will be repaid in 241 months. Which is equivalent to 20 years and 1month.
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chingamook awnings corp. discovered that there was a reporting error in the shop supplies account totaling between $5,000 and $13,500. they see they have two options: spend about $35,000 to perform the detailed analysis to come up with the exact amount of the error or record an adjustment of $13,500 to correct the error. what should chingamook do
The cost of figuring out the proper amount outweighs the advantages, so record the change.
How do you track changes?The first step is to record accumulated revenue.
Step 2: Keeping track of incurred costs.
The third step is to record deferred revenue.
Recording prepaid costs is the fourth step.
Step 5: Keeping track of depreciation costs.
The adjustments should be documented when?Before creating a trial balance and financial statements, adjusting entries are made as part of the accounting cycle.
With an example, what are adjustment entries?accumulated costs Expenses that you accrue during a pay period but have to pay for later are known as accrued liabilities.
accrued income.
postponed costs.
Deferred income.
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as the assistant brand manager, you need to analyze the three concepts and determine which one would meet the highest consumer need as described in maslow's hierarchy. which one would you choose?
As the assistant brand manager that need to analyze the three concepts and determine which one would meet the highest consumer need as described in maslow's hierarchy. An option i would choose is a product concept that includes having the brand logo prominently displayed.
What is the role of an assistant brand manager?Generally, an assistant brand managers assist brand managers with analytical and administrative support as well as day-to-day operations of a marketing department or company.
As an assistant brand manager, you will plan and coordinate effective policies that will assist the department in meeting its objectives.
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acme corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). emca corporation currently has a 17% market share in that same industry. what is the sales revenue for acme? (round your answer to 2 decimal places) $ 3 billion what is the sales revenue for emca? (round your answer to 2 decimal places) $ 2.55 billion calculate the difference (as a percentage) in market share for these two firms. 3 %
600 million is the difference in market share for these two firms.
Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%
Market share for Acme as measured by sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions
Emca's sales-based market share:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions
Market share differences between two companies, expressed as a percentage:
Difference = |20%-17%| = 3% of $20 billion = 600 million
Market share is the portion of a sector's sales that a specific company controls. In essence, it is the portion of your company's overall industry revenue that comes from selling its goods and services. Larger market share companies are leaders in their industries and smaller companies must compete with them.
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how do low interest rates affect a business? group of answer choices firms tend to defer investments until rates rise. firms can easily borrow money to finance future growth. consumer demand slows down. business credit is harder to obtain.
Option 1, 3 are Correct. A business may be impacted by low interest rates in a number of ways, including: Businesses can readily obtain financing to support future expansion.
Low interest rates make borrowing money more affordable for businesses, which can enable them to finance new projects, increase operations, and expand their brands. Consumer demand could go up: Low interest rates can motivate people to spend more money, which will increase demand from customers and sales for businesses.
Credit for businesses could become more accessible: In order to finance investments and expand their operations, businesses may find it easier to get loans and other forms of credit when interest rates are low. Low interest rates can also deter some businesses from investing, which is why some may postpone investments as rates rise.
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Correct Question:
How do low interest rates affect a business? group of answer choices
1. firms tend to defer investments until rates rise.
2. firms can easily borrow money to finance future growth.
3. consumer demand slows down.
4. business credit is harder to obtain.
for the year ended december 31, year 6, kelly corp. had net income per books of $300,000 before the provision for federal income taxes. included in the net income were the following items: dividend income from an unaffiliated domestic taxable corporation (taxable income limitation does not apply and there is no portfolio indebtedness) $50,000 bad debt expense (represents the increase in the allowance for doubtful accounts) 80,000 assuming no bad debt was written off, what is kelly's taxable income for the year ended december 31, year 6?
Taxes are based on taxable income, which is revenue less general and administrative expenses (G&A), selling and marketing, R&D, depreciation, and other operating expenditures.
For the fiscal year 2021–2022, India's exemption revenue for dividend income is set at Rs. 5,000. Any dividends received up to this limit are therefore not subject marketing to taxation. Dividends that are received in excess of this amount are taxed at the appropriate rate. If the total amount of dividends given or paid to a shareholder during the financial year is $10,000 or more, an Indian corporation will deduct tax at a rate of 10% from dividends distributed to resident shareholders.
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in large organizations, conflicts can arise between functional areas. in order to resolve these conflicts, strategic objectives group of answer choices put financial objectives above human considerations. align departments toward departmental goals. help resolve conflicts through their common purpose. cause debate and increase conflict.
In large organizations, conflicts can be resolved by aligning departments toward common goals and helping them resolve conflicts through their shared purpose.
Conflicts are a common phenomenon in large organizations where multiple functional areas work together towards a common goal. These conflicts can arise due to differences in priorities, limited resources, competition for recognition, or due to conflicting goals. To resolve these conflicts, organizations can adopt a strategic approach that aligns departments toward common goals. This helps to bring all departments together and focuses their efforts on the organization's shared purpose. By aligning departments towards a common goal, it becomes easier to resolve conflicts as departments will be more willing to find mutually beneficial solutions. Additionally, this approach can help to foster a culture of collaboration and cooperation, reducing the likelihood of future conflicts. It is important to note that putting financial objectives above human considerations can cause debate and increase conflict, thus it is crucial to find a balance between financial and human considerations when resolving conflicts.
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aven receives a 3-year note receivable from a customer for goods sold. how should raven report this note receivable in its financial statements?
Aven obtains a 3-year note receivable for products sold from a client. In its financial accounts, Raven should include this note receivable as a non-current asset.
A note receivable is a written contract that commits one party to pay another party a certain amount of money on one or more future dates. This is seen as a benefit by the note's bearer. Occasionally, past-due accounts receivable are converted into notes receivable to extend the debtor's time to pay.
Sometimes the owner of the firm additionally includes a personal assurance in these remarks. A note receivable should be included as a current asset on the balance sheet if it is due within a year. A non-current (long-term) asset should be documented if it is due in more than a year.
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two clothing shop owners form a general partnership. each one continues to run her original shop. one shop is sued by someone who sllips on the sidewalk. who is liable
In a popular partnership, all events share legal and economic legal responsibility equally. The men and women are for my part responsible for the money owed the partnership takes on. Profits are also shared equally.
Which structure of business company includes a built in popularity but also excessive fees and royalties?Franchising is where a person(franchisor) who has developed a sure way of doing a commercial enterprise offers another(franchisee) the right to use that commercial enterprise model in exchange for a fee. The business has constructed a certain reputation and has company recognition.
A employer is separate and awesome from its owners, who have restricted legal responsibility for the money owed of the compan
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https://brainly.com/question/9312041#SPJ4In a popular partnership, all events share legal and economic legal responsibility equally. The men and women are for my part responsible for the money owed the partnership takes on. Profits are also shared equally.
Which structure of business company includes a built in popularity but also excessive fees and royalties?Franchising is where a person(franchisor) who has developed a sure way of doing a commercial enterprise offers another(franchisee) the right to use that commercial enterprise model in exchange for a fee. The business has constructed a certain reputation and has company recognition.
A employer is separate and awesome from its owners, who have restricted legal responsibility for the money owed of the compan
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brainly.com/question/9312041#SPJ4true or false: an auditor obtains an understanding of the client and its environment to identify audit risks that may result in material misstatements.
an auditor obtains an understanding of the client and its environment to identify audit risks that may result in material misstatements is true.
When financial statements are presented misstated, that is, when they are not presented fairly and in accordance with the accounting reporting framework, audit risk refers to the possibility that the auditor will express an improper audit opinion.
The risks of misstatements and detection risks influence audit risk. Thus, risks of misstatements and detection risks make up the two halves of audit risk. The danger that the financial results may be materially misstated before the audit is known as the risk of material misstatement.
Regarding the accounting principles that apply to the company being audited, the auditor should consider the Securities Exchange Commission's regulations for that company.
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92 of 100 sam and joan made an offer of $250,000 asking the seller to pay all closing costs. they will put 10% down and pay one discount points at closing. the amount of cash required at closing for sam and joan will be?
The amount of cash required at closing for Sam and Joan will be $25,250. This is calculated by taking 10% of the bid amount of $250,000 ($25,000) plus one discount point of $250. The calculation is shown below:
Down Payment: 10% x $250,000 = $25,000
Discount Points: 1 x $250,000 = $2,500
Total Cash Required: $25,000 + $2,500 = $25,250
A discount point is an upfront fee that is paid to reduce the loan's interest rate. This is usually 1% of the loan amount, so in this case it is $250. This fee is usually paid by the borrower, which in this case would be Sam and Joan, and is included in the amount of cash they must bring to closing. They will also need to cover any additional closing costs, such as any prorated property taxes or home inspection fees, so it is important to check with the closing agent that they have enough cash to cover the total amount needed.
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why might you underestimate the increase in market quantity demanded when you lower your price?
Demand rises in proportion to price decline. This is the Demand Law. An inverse relationship is shown on a graph as a left to right, downward sloping line.
What transpires to the demanded quantity when the price is less than the equilibrium price?Quantities demanded and supplied will exceed each other if the price is below the equilibrium level. There will either be an oversupply or a scarcity. Quantities supplied and sought will outweigh one another if the price is higher than the equilibrium level.
Why does demand for a product fall when the price drops?Higher costs decrease the quantity sought because consumers' spending power is constrained by the scarce resources they have available to them. In contrast, demand increases as the price of the good drops. So, as shown in the graph below, demand curves slope downward from left to right.
To Know more about downward sloping line.
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