E(r) = pi ri r = Return of Scenario i occurs s = No of scenario's considered Pi = Probability that scenario ‘i’ will occur E(r) = Expected return ...
What is meant by Sharpe ratio?
To calculate the Sharpe ratio, you first calculate the expected return on an investment portfolio or individual stock and then subtract the risk-free rate of return. Then, you divide that figure by the standard deviation of the portfolio or investment.The Sharpe ratio is a measure of return often used to compare the performance of investment managers by making an adjustment for risk. For example, Investment Manager A generates a return of 15%, and Investment Manager B generates a return of 12%. It appears that manager A is a better performer.Normally, a higher Sharpe ratio indicates good investment performance, given the risk. A Sharpe ratio of less than one is considered less than good.To learn more about Sharpe ratio refers to:
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TRUE/FALSE. the u.s. accounting community is moving away from international financial reporting standards (ifrs).
The US accounting community is moving away from international financial reporting standards (IFRS). The statement is True.
What is IFRS?IFRS stands for international financial reporting standards,a collection of accounting standards intended to provide financial statements for public firms. The US employs a unique set of Generally Accepted Accounting Principles (GAAP)
In comparison to the US GAAP, which has clear and widely-accepted advice and established practice for many key locations, IFRS lacks accuracy in execution, and gives judgment quite so much flexibility.
The statement is True.
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Answer:
false
Explanation:
The importance of the pro forma income statement is to provide a projection of how much _______ is anticipated over the ensuing time period
A) cash
B) profit
C) accounts receivable
D) debt
The answer is option b. Profit, The importance of the pro forma income statement is to provide a projection of how much profit is anticipated over the ensuing time period.
Which definition of profit is most accurate?Profit is the term used to describe the monetary gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes incurred to support the activity in question.
Just what is profit?Profit is a word that's frequently used to refer to the monetary benefit that a company has when its income exceeds its costs and expenses. As an illustration, a kid at a lemonade stand pays a quarter to make one cup of lemonade. She later sells the beverage for $2. Her earnings from the cup of lemonade total $1.75.
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FILL IN THE BLANK one of the issues with a______ is that subsidiaries rely on headquarters for all process and control decisions as well as system design and implementation.
one of the issues with a global is that subsidiaries rely on headquarters for all process and control decisions as well as system design and implementation.
Does the size and needs of a corporation have any impact on the global information system?
The parts of global information systems (GISs) are unaffected by a company's size or operational requirements. Standardization within departments is necessary for a global information system's (GIS) coordinating dimension.
One of the problems with a global organization is that subsidiaries depend on the headquarters for all decisions relating to process and control, as well as for the creation and execution of systems.
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Zed Company sells two kinds of mainframe computer power supplies The company projected the following cost information for the two products Assume that total fixed costs are $428.400 How many units of the standard supply unit would be included in the total number of units required to break even with the projected sales mix (round your answer to the nearest whole unit)? 3.600 units 2.520 units 1.080 units 2040 units
The correct option is b i.e., 2,520 units of the standard supply unit would be included in the total number of units required to break even with the projected sales mix.
How do sales work?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.
What exactly do sales in company mean?Sales in general business operations refer to any exchanges of money or value for the right to possess a good or get a service. Sales, in the context of accounting, refers to the income generated by a corporation via the selling of goods or services (net sales).
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the opportunity costs of a decision may include each of the following types of costs except group of answer choices out-of-pocket financial costs. forgone financial costs. sunk costs. nonfinancial costs.
The opportunity costs of a decision may not include sunk costs.
What are sunk costs?
A sunk cost often referred to as a retrospective cost, is a cost that has already been incurred and cannot be recovered in economics and corporate decision-making. Sunk costs and prospective costs—future expenses that could be avoided if action is taken—are contrasted. In other words, a sunk cost is an amount that was spent in the past but is no longer significant when making decisions for the present. Even though economists contend that sunk costs are irrelevant to rational decision-making in the future, consumers frequently factor past expenses for circumstances like fixing a car or house into their decisions regarding those properties in daily life.
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If the demand for good B increases when the price of good A increases, the two goods are_____
If the demand for good B increases when the price of good A increases, the two goods are substitutes. It is claimed that two items are substitutes when a rise in the price of one product (good A) increases demand for another good (good B).
As the cost of good A rises, buyers may switch their demand to good B, which serves as a stand-in for good A, in the case of good A and good B. This happens as a result of the fact that as the price of good A rises, it becomes more expensive in comparison to good B, making good B a more desirable choice for customers.
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your friend remarks that longer movies are a better deal than shorter movies because the ticket price is the same in both cases. therefore, the longer movie provides more benefit for the same cost as a shorter movie. which of the following is the best argument against your friend's claim that longer movies provide more benefit than shorter movies?
A. The length of the film is irrelevant as long as it is the best use of your time when compared to other options, according to the opportunity cost principle.
Is Opportunity Cost Really There?Opportunity cost does not directly appear on a company's financial accounts. Opportunity costs, though, continue to be quite real in the economic sense. Although opportunity cost is a rather abstract idea, many businesses, executives, and investors neglect to take it into consideration when making daily decisions.
What are the four different types of processes in operations management?Project, jobbing, batch, line, and continuous production processes are the most common. Project management techniques result in products with a high degree of variation and low volume.
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the optimal interest rate for the federal reserve to target determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
The complete question is:
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
1. The optimal interest rate for the Federal Reserve to target
2. The effects of government tax policy on long-term economic growth
3. The effect of a cigarette tax on the quantity of cigarettes sold
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consider the hypothetical trade data presented in the accompanying table. a. given the data presented in the table, which countries have open economies?
The right response is "Panama" and "Mexico."
An open economy is one that allows for free trade; it includes unrestricted imports and exports of commodities and services.
What is an open economy?
An open economy is a form of economy in which organisations from other nations trade goods in addition to those produced domestically (goods and services). Management interchange, technological transfer, and the exchange of a wide range of commodities and services are all examples of trade. There are some exceptions that cannot be swapped; for instance, a country cannot trade its railway services with another nation in order to use the service.
In contrast, a closed economy forbids the conduct of both foreign trade and finance. Exporting is the process of selling products or services to another nation. Importing is the process of purchasing goods or services from another nation. International trade is the term used to describe both importing and exporting.
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fill in the blank. suppose that a bank charges a 7 percent rate of interest on a loan at a time when the inflation rate is expected to be 5 percent. if the actual inflation rate for the period is 3 percent, then the ex ante interest rate equals___percent.
There is a 7% nominal interest rate (rn). 3% is the inflation rate I 4% is the real interest rate. Bartleby, if the nominal interest rate is 5.
Interest rates serve as a proxy for the cost of borrowing and the yield on investments and savings. They are represented as a percentage of the overall loan or investment amount. They can be the overall return that lenders obtain when they make loans or the return that individuals make on their investments and savings.Real or nominal terminology can be used to express interest rates. Real interest rates + the anticipated rate of inflation make up a nominal interest rate. A real interest rate depicts the borrower's actual cost of borrowing money and the lender's or investor's actual yield.
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at the project level, which of the following is a factor that should influence the choice of project management structure?
Projects and organisational culture are related.
The corporate culture of a company is a key determining factor for all actions intended to be carried out within the Organization, such as Projects, as it describes how people interact with one another within an organization. Any project that is to be carried out must adhere to the organizational culture.
Additional elements that are known to affect project management Included in structure are the following
THE ORGANIZATION'S SIZETHE BUSINESS IT ENGAGES ININSTITUTIONAL STRUCTUREThe company's goalsTHE LEADERSHIP OF THE ORGANIZATION.To know more about organisational culture, click the below link
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which of the following statements are true? (select all that apply.) multiple select question. equipment is furniture or machinery that can be used for years. supplies are purchased from suppliers, while equipment is donated by stockholders. supplies are assets, but equipment is a liability. supplies are assets that can be used in the process of earning revenue in the near future.
Furniture or apparatus that can be employed for a prolonged time is called equipment. In the near future, supplies are assets that can be used to generate income.
What does the term "revenue" in business mean?
Revenue, sales, or the top line are terms used to describe the funds generated by standard business operations.
Operating income is calculated as revenue (from the sale of goods or services) minus operational costs.
Non-operating revenue, sometimes known as erratic or unreliable money from various sources (e.g., lawsuit proceeds).
Even though their techniques and resources differ, governments, nonprofit organisations, and private individuals are examples of non-business entities that also report revenue.
While revenue only refers to the revenues, income or profit also accounts for costs incurred in generating revenue and reports net (not gross) outcomes via sales.
The money that a business makes from its operations is regarded as revenue. There are various methods for calculating revenue relying on the accounting techniques described.
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T/F in countrymanager, mexico participates in the mercosur trade agreement which provides tariff free sales and production among its members.
True. The Mercosur Trade Agreement, also known as the Southern Common Market, has been in place since 1991 and provides tariff-free sales and production among its members.
Currently, the Mercosur members include Argentina, Brazil, Paraguay, Uruguay, and Mexico, which joined in late 2018. The agreement not only eliminates tariffs between member countries, but also sets common rules and regulations for trade, intellectual property protection, and dispute resolution.
It also provides a platform for members to coordinate economic and trade policies, and to promote economic integration.
Furthermore, the Mercosur Trade Agreement facilitates the free movement of labor and capital, as well as the free circulation of goods, services, and payments among members.
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in accordance with to the u.s. public health service (phs) regulations, which of the following would be considered a significant financial interest?
A $5,000 equity stake held by the spouse of the investigator in a business that makes goods associated with the institutional obligations of the investigator.
What is a significant financial interest according to US Public Health Service?When it comes to any non-publicly traded company, a Significant Financial Interest is present if the Investigator (or their spouse, partner, or dependent children) owns any equity interest, or if the total value of all compensation they received from the company in the year prior to the disclosure exceeds $5,000.
What are the PHS regulations about financial conflict of interests?According to PHS regulations, grantee organisations and contractors are required to appoint one or more individuals to review investigators' financial disclosure statements outlining their significant financial interests and make sure that any inconsistencies are managed, reduced, or eliminated before spending any money.
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when the economy experiences shortfalls or excesses of spending, government policies can be used to address the imbalances. which statement does not address such imbalances, realized during the coronavirus pandemic? there is fear of recession and uncertainty about the future in a post covid-19 reality. the government reduced taxes to help workers. congress passes a $4 trillion relief package for workers and businesses affected by the coronavirus pandemic. the federal government provided cash payments to workers unemployed due to pandemic.
The correct option is A i.e., there is fear of recession and uncertainty about the future in a post covid-19 reality.
What does the term "recession" actually mean?A prolonged time of low or negative real GDP (output) growth that is followed by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.
Who gains from a recession?As the general public, corporations, and policymakers struggle with the recession, economists frequently observe a tremendous surge in demand for their services. In uncertain economic times, consultants, government policy advisers, and even media personalities may find opportunities to promote their expertise.
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FILL IN THE BLANK ravenshaw corp. assigns its sales and marketing people to specific countries, regions, and districts. ravenshaw corp. is most likely an example of a _____ .
Ravenshaw corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw corp. is most likely an example of a geographic organization.
What does geography mean in the organization?
An organization's personnel are arranged according to their geographic locations using a geographical organizational structure. Specific divisions are established for each place by this framework. Using a variety of employees for a range of job functions, each division operates as though it were its own company.
The sales and marketing staff at Ravenshaw Corp. are allocated to particular nations, areas, and districts. Probably the best illustration of a geographic organization is Ravenshaw corp.
Therefore, People within an organization are arranged according to their geographic locations via a geographical organizational structure.
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The decedent or his or her surviving family (in a wrongful death suit) may have suffered the following types of losses, both past and future
Some family members, especially surviving wives and children, experienced losses. In addition to the mental and emotional suffering they endured following their loss, these may also involve financial losses.
Who is Entitled to File a Wrongful Death Claim?Although some jurisdictions allows any person to do so, most states only allow the executor of the decedent's estate or a close relative to file a wrongful death lawsuit. The recipients of any damages awarded and those who qualify to pursue wrongful death claims are also determined by the state.
Why not elaborate on Loss of Consortium?In certain states, the plaintiff in a wrongful death action may assert a loss of consortium claim also known as a loss of companionship claim. An people may experience great grief when they lose their spouse, especially if it was done by another person.
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which of the following statements accurately reflect the current status of the team? select any three options that are accurate and click submit.
Due to unclear accountability and lack of a clearly defined methodology, the team's skills are not sufficiently complimentary given that all members are from the same department.
A part of having teamwork abilities is being able to work well with others. 1 No matter what job you have, you must be able to work well with people and show hiring managers, recruiters, and potential employers this ability. Teamwork skills are the aptitudes that make it possible for you to communicate effectively with others. For a number of reasons, including the fact that they demonstrate leadership, collaboration, and efficient communication, employers favour people with strong teamwork skills. Employers need employees who can work well in a team. Teamwork is necessary in almost every industry, from business services to digital technology to culinary services.
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a sole proprietorship: question 3 options: provides limited financial liability for its owner. involves significant legal costs during the formation process. has an unlimited life. has its profits taxed as personal income. can generally raise significant capital from non-owner sources.
a sole proprietorship: D. has its profits taxed as personal income.
A sole proprietorship is a type of business or organization that is owned, controlled, and run by a single person who also bears all the risks and is the only one to benefit from any gains or losses. A sole proprietorship is a type of business arm of just an individual that is not separate from its owner.
As a result, its expenditures are also not limited, and there is no obligation to register a sole proprietorship. An LLC, on the other hand, is a distinct legal entity. run by its members with liability, and it has imperative for an LLC to get registered.
A business that is owned, run, and controlled by one person is known as a sole proprietorship. While a Sole Proprietor benefits financially and bears all risks and liabilities.
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Complete question:
a sole proprietorship is
A. provides limited financial liability for its owner
B. involves significant legal costs during the formation process.
C. has an unlimited life.
D. has its profits taxed as personal income.
E. can generally raise significant capital from non-owner sources.
an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What strategies would you utilize to make the best first impression? Give a minimum of two examples.
1.Be prepared and professional: Before meeting with Dr. Smith, do your research on the position and the company. Make sure that you have an understanding of the job duties and expectations, as well as the company's mission and values.
What is the first impression?Generally, Speak to your accomplishments: When meeting with Dr. Smith, focus on the successes and accomplishments that you have achieved while working at the company. Demonstrate how your experience and knowledge have made you an ideal fit for the position, and highlight how you have contributed to the company's overall success. Be sure to back up your claims with concrete examples and evidence.
Additionally, dress professionally, arrive on time, and bring any relevant documents or materials that may be helpful in the negotiation.
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withdrawal behaviors can be either categorized as neglect or exit behaviors. is an example of exit behavior.
Employees engage in withdrawal behavior, a series of acts designed to keep them out of the workplace and lead to eventual resignation.
What is withdrawal behavior?
The inclination to avoid the unfamiliar, whether they be people, places, or situations, is what distinguishes withdrawal behavior. Although withdrawal, or avoidance, may be brought on by a temperamental inclination to inhibit when faced with novel situations, anxiety about the prospect of a negative review or a conditioned avoidant response, sometimes known as a phobia, can also bring about withdrawal. Each of these three pathways has the potential to influence withdrawal behavior. In children, withdrawal behavior is frequently observed. Most of the time, the retreat or avoidance that is observed in the preschool years is brought on by a temperamental bias that causes certain kids to be uneasy around unexpected situations. Later in childhood, extremely specific things like lightning, animals, insects, or meals cause withdrawal or avoidance.
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The CPI is calculated on the basis of a basket of _____ products, but is temporarily misrepresented due to the introduction of ____ products.
a. new; old
b. new; common
c. common; new
d. common; old
e. old; common
Correct option is C, The CPI is calculated on the basis of a basket of common products, but is temporarily misrepresented due to the introduction of new products.
What does CPI mean?A market basket of products and services that households have purchased at a weighted average price is measured by a consumer price index. The measured CPI changes over time to reflect variations in price.
The Consumer Price Index, which measures the total change in consumer prices over time, is derived using a sample basket of goods and services.
An instrument used to monitor variations in the typical retail prices of particular goods and services that consumers purchase over time is the consumer price index (CPI). The real purchasing power of consumer income and wellbeing is impacted by these changes.
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Entries into T accounts and Trial Balance
Ken Jones, an architect, opened an office on April 1, 20Y4. During the month, he completed the following transactions connected with his professional practice:
Transferred cash from a personal bank account to an account to be used for the business, $18,000.
Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $3,150.
Paid cash for supplies, $1,450.
Purchased office and computer equipment on account, $6,500.
Paid cash for annual insurance policies on automobile and equipment, $2,400.
Received cash from a client for plans delivered, $12,000.
Paid cash to creditors on account, $1,800.
Paid cash for miscellaneous expenses, $375.
Received invoice for blueprint service, due in May, $2,500.
Recorded fees earned on plans delivered, payment to be received in May, $15,650.
Paid salary of assistant, $2,800.
Paid cash for miscellaneous expenses, $200.
Paid $300 on note payable.
Paid gas, oil, and repairs on automobile for April, $550.
Required:
Question Content Area
1. Record the above transactions (in chronological order) directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction.
2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance.
Cash
fill in the blank e3601cfc9fe106c_2
fill in the blank e3601cfc9fe106c_4
fill in the blank e3601cfc9fe106c_6
fill in the blank e3601cfc9fe106c_8
fill in the blank e3601cfc9fe106c_10
fill in the blank e3601cfc9fe106c_12
fill in the blank e3601cfc9fe106c_14
fill in the blank e3601cfc9fe106c_16
fill in the blank e3601cfc9fe106c_18
fill in the blank e3601cfc9fe106c_20
fill in the blank e3601cfc9fe106c_22
fill in the blank e3601cfc9fe106c_24
Bal. fill in the blank e3601cfc9fe106c_25
The entry that will be presented will be in relation to the company of Ken Jones who is an architect.
What is a business account?By having one's business and personal finances separate, big banks provide some individual insurance coverage. Additionally, merchant services protect your clients' purchases and guarantee the privacy of their personal information.
In this, there will be various accounts that will be debited as well as credited that will be based on the regulations. The entries will have various accounts like equipment, cash, bank, salary, account receivables, expenses, etc.
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The question is incomplete, the complete question will be :
Ken Jones, an architect, opened an office on April 1, 20Y4. During the month, he completed the following transactions connected with his professional practice:
Transferred cash from a personal bank account to an account to be used for the business, $18,000.
Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $3,150.
Paid cash for supplies, $1,450.
Purchased office and computer equipment on account, $6,500.
Paid cash for annual insurance policies on automobiles and equipment, $2,400.
Received cash from a client for plans delivered, $12,000.
Paid cash to creditors on account, $1,800.
Paid cash for miscellaneous expenses, $375.
Received invoice for blueprint service, due in May, $2,500.
Recorded fees earned on plans delivered, payment to be received in May, $15,650.
Paid salary of assistant, $2,800.
Paid cash for miscellaneous expenses, $200.
Paid $300 on note payable.
Paid gas, oil, and repairs on automobile for April, $550.
Required:
Question Content Area
1. Record the above transactions (in chronological order) directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction.
use the range names in formulas to find the expected salary increase for each of the respondents. fill in the expected salary increases below.
First, write the anticipated fixed amount in cell A3 directly below your annual paycheck. Your post-raise salary will be displayed if you enter (=A2 + A3) in cell A4.
What is a salary?A salary clause, a sort of recurrent payment from an employer to an employee, may be included in an employment contract. Instead of being paid on a regular basis, piece wages are paid separately for each work, hour, or other unit. A salary is predetermined amount of cash or other compensation that a business pays an employee in exchange for work performed. Frequently, wages are paid at fixed intervals, such as monthly instalments equal to one-twelfth of the annual wage. Salary determination often involves comparing market pay rates for workers performing equivalent work in comparable industries in the same place. Wage is also determined by levelling the pay scales and salary ranges established by each company.
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On January 2, Year 1, Polk borrowed $60,000 and used the proceeds to purchase 90% of the outstanding common shares of Strass. This debt is payable in ten equal annual principal payments, plus interest, beginning December 30, Year 1. The excess cost of the investment over Strass' book value of acquired net assets should be allocated 60% to inventory and 40% to goodwill. On January 1, Year 1, the fair value of Strass shares held by noncontrolling parties was $10,000.
On January 2, Year 1, stockholders' equity including noncontrolling interests should be:
A) $80,000
B) $85,000
C) $90,000
D) $130,000
The noncontrolling interest is worth $10,000 in fair market value. As a result, on January 2, Year 1, Polk's stockholders' equity is $90,000 ($80,000 + $10,000).
What do shareholders do?A stockholder or shareholder of a firm is someone who owns at least one share of its capital stock. The majority of the owners of the company are its stockholders, who normally gain from success through growing stock prices.
Who is a good illustration of a stockholder?Anyone who holds common stock shares in a corporation is referred to as a common stockholder. Common shareholders elect the board of directors for the corporation, and they can also weigh in on matters like corporate mergers.
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Which of the following statements explains why the U.S. continues to import crude oil from Canada at a rate of 4 million barrels per day?
O All of the answer options are correct.
O The majority of oil produced in the U.S. is light crude oil.
O Oil imports from Canada are primarily heavy crudes.
O Many U.S. refineries were designed to process heavy crude oil.
O Idle refineries do not produce operational profits.
The Statements that explains why the U.S. continues to import crude oil from Canada at a rate of 4 million barrels per day are:
The majority of oil produced in the U.S. is light crude oilOil imports from Canada are primarily heavy crudes.Many U.S. refineries were designed to process heavy crude oil.Idle refineries do not produce operational profits.Why do U.S. import crude oil from Canada today?In 2021, the US exported approximately 8.54 million barrels per day (b/d) and imported approximately 8.47 million b/d of petroleum, making the US an annual total petroleum net exporter for the second year in a row since at least 1949.
Even though the United States' annual total petroleum exports exceeded total petroleum imports in 2020 and 2021, the country still imported some crude oil and petroleum products from other countries to help meet domestic demand and supply international markets.
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maximum profits are what motivate consumers to decide who will get the goods and services in a market system. group of answer choices (True or False)
The statement "maximum profits are what motivate consumers to decide who will get the goods and services in a market system. The correct statement it should be "Maximum profits is what motivates the company to decide who will get the goods and services in a market system.
The statement above is false because maximum profit is a motivation for a company or business to decide who will get the goods and services in the market system, not a consumer. Cause people who do business were oriented toward profit. The consumer is the one who going to buy the goods and services from the company so they did not think about the profit.
Consumer behavior is a factor from a consumer that influences them to purchase and use a product or service.
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Which of the following statements regarding the financial statements is TRUE?
The income statement reports operating and investing activities and the balance sheet reports assets, liabilities and stockholder’s equity.
The statement of cash flows reports revenues and expenses and the statement of retained earnings reports assets and liabilities.
The statement of retained earnings reports dividends and the income statement reports revenues and expenses.
The balance sheet reports revenues and expenses and the statement of cash flows reports assets and liabilities.
The statement of retained earnings reports dividends and the income statement reports revenues and expenses is true regarding the financial statements.
What are financial statements?
Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. Once you have learned the accounting components and are familiar with the many accounts that make up financial statements, preparing them is simple. Financial statements are important when applying for loans or borrowing money for better operations. Personal financial statements are unique in that they function as a unit rather than merely as two independent pieces of data.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What are the essential techniques and strategies in the context of negotiation?
An advertisement, otherwise known as an advert or ad, is generally considered a public communication that promotes a product, service, brand, or event.
What is an advertisement?Advertisement sometimes referred to as an advert and ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
Direct mail, comparative, cooperative, educational, and outdoor advertising are a few types of product advertising. Television, radio, print, websites, social media, outdoor/billboards, as well as digital placement are all examples of advertisement channels.
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TRUE OR FALSE If a firm switched from taking trade credit discounts to paying on the net due date, this might cost the firm some money, but such a policy would probably have only a negligible effect on the income statement and no effect whatever on the balance sheet.
This statement- " If a firm switched from taking trade credit discounts to paying on the net due date, this might cost the firm some money, but such a policy would probably have only a negligible effect on the income statement and no effect whatever on the balance sheet" is false.
Taking the trade credit discounts basically involves paying the suppliers less than the full invoice amount and that too within a specified period of time. Its usually within 10 to 60 days. If the firm doesn't take these discount then it may miss out a lot on potential savings and could actually end up paying more for its purchases. This would in turn increase its cost of goods sold (COGS) and it will lower its net income, affecting the overall income statement.
Finally, paying suppliers on the exact net due date could also have an impact on the firm's cash flow and firm's ability to pay bills and meet its financial obligations.
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