The Consumer Financial Protection Bureau helps consumers connect with financial companies to understand issues, fix errors, and get direct responses about problems.
The administration of money at all levels personal, corporate, and governmental is included in finance. The broad scope of business is taught to students, who can then prepare for occupations ranging from investment banker to financial adviser. In finance, money is managed for the company. The financial manager must choose how much cash is needed and when, how to use the current funds most effectively, and how to secure the necessary finance. Investing, finance, and financial planning are among the duties of the financial manager. Budgeting your money is made easier by financial management. Making a budget may help you determine how much money you should earn, where you should spend it, and how much should be saved and invested. Keep to your planned amount, avoid going overboard, and allocate your funds toward savings in accordance with your lifestyle plan.
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select all that apply which of the following are period costs for a manufacturer? (check all that apply.)
Payroll costs for the office employees, commissions from sales, and building rent
What is meant by period cost?direct materials for product manufacture totaling $11,350. Rent for the corporate office in the factory was $4,280. Production workers receive incomes of $65,500. Manufacturing facility electric expense of $300. Period costs fall under the organization's sales and administrative functions, whereas product costs only apply when a team or organization develops a product. Rent and expenses are considered period costs, whereas labor and other production-related costs are included in product costs. Any expense that is not a product cost is a period cost. Period costs are instead expensed on the income statement in the period in which they are incurred, not included in the price of made or acquired goods.To learn more about, refer to:
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true/false. a company's debt-to-equity ratio can be used to determine whether the company is using too much debt to finance its operations. a high debt-to-equity ratio may indicate that a company is taking on too much risk, while a low debt-to-equity ratio may indicate that a company is in a stronger financial position. this information can be used to support an accounting decision.
A company's debt-to-equity ratio can be used to determine whether the company is using too much debt to finance its operations. The given statement is true.
What is meant by debt-to-equity ratio?
The debt-to-equity ratio (D/E) is a financial metric that shows how much debt and equity were utilised to fund the assets of a firm. [1] The ratio, often known as risk, gearing, or leverage, is closely connected to leveraging. If the company's debt and equity are publicly traded, the ratio can also be calculated using market values for both, or by using a combination of book value for debt and market value for equity. The two components are frequently taken from the firm's balance sheet or statement of financial position (also known as book value).
Preferred stock can be categorized as either equity or debt.
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Identify whether the following actions or scenarios would likely increase or decrease the natural rate of unemployment. Increasing the minimum wage Extra financial benefits for the unemployed More funding for government worker training programs An increase in information about job opportunities A large number of young people entering the labor force An increase in union membership Reducing workers' collective bargaining rights
The natural rate of unemployment equals frictional unemployementplus structural unemployment.
Additional Financial Benefits for the Unemployed - When a person receives additional financial benefits, his inclination to work declines, which raises the unemployment rate.
When the minimum wage is raised, businesses tend to hire fewer people, which drives up the unemployment rate.
An rise in union membership raises the wage rate, accomplishing the same goals as those listed above.
Numerous people joining the workforce means that when employment is scarce but the labour force is growing, the degree of unemployment will rise.
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FILL IN THE BLANK A ____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.
Answer:
supply chainnnnnnn
the journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is
Debit interest expense, credit cash, and discount on bonds payable is the journal entry that the business records for the payment of interest, interest expense, and amortization of bond discount.
What is a journal entry?
All company transactions and events are recorded in the accounting system using journal entries, which are the first phase of the accounting cycle. Journal entries are entered in the general journal as business events happen during the accounting period to show how the event impacted the accounting equation. For instance, the cash account is reduced or credited and the vehicle account is boosted or debited when the business uses cash to buy a new car.
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1 pt) Let f(t) be the number of men and g(t) be the number of women in Canada in year [. Let h(t) be the average Income; In Canadian dollars, of women In Canada year In this problem, You do not have explicit equations for the functions f(t), g(t) , or h(t) . S0 YOu are not able t0 wnite explicit = equations represent these functions. Your answers should be expressions obtained by adding, subtracting multiplying dividing; and/or composing the functions f(t) , g(t) , and h(t) . (a) Find an expression for the function plt) which gives the total number of people in Canada the year [ . pl) = (6) Find an expression for the total amount of money m(t) earned by Canadian women the year [ . m(t)
In today's global economy and mobile culture, it is more and more typical for people to hold assets overseas, for CEOs to have foreign assignments, and for families to have members who either live abroad or are citizens of different nations.
What is global economy ?1 Our neighbor to the north, Canada, is one nation that significantly increases cross-border activity. Observe the following trends:The United States and Canada have the most extensive and significant trading relationship in the world. The two-way exchange of products and services between the United States and Canada has more than tripled since the Canada-U.S. Free Trade Agreement2 entered into force in 1989. The estimated daily trade of goods and services between Canada and the United States in 2013 was $1.8 billion, or $1.2 million worth every minute. 4 The greatest foreign investor in Canada is the United States, whereas Canada ranks third among foreign nations in the United States. The Canada-U.S. border is the world's longest international boundary. Over 300,000 people cross it every day, and it is 5,525 miles long.To Learn more About global economy Refer To:
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suppose good a and good b are complements. which of the following is most likely to occur when the price of good a doubles while the price of good b stays the same?
If goods A and B are complementary, the demand for B would decline if the price of good A rose.
What are complementary goods?
A complementary good or service is one that is utilised in conjunction with another good or service. Typically, the complimentary product has little to no value when ingested by itself. However, when combined with another good or service, it raises the bid's overall worth. If a product has a favourable relationship with another product, it may be deemed complimentary to that other product. A pencil sharpener and eraser that is given away with a box of pencils would be the ideal instance.
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key terms define each of the following terms: spot markets; futures markets money markets; capital markets primary markets; secondary markets private markets; public markets derivatives investment banks (ibs); commercial banks; financial services corpora
Spot Markets are markets where securities are bought and sold for immediate delivery and payment. Futures Markets are markets where commodities and financial instruments are bought and sold for delivery and payment at a predetermined date in the future.
Money Markets: Markets for buying and selling short-term debt instruments such as Treasury bills, bankers' acceptances, and commercial paper. Capital Markets are markets for buying and selling long-term debt instruments and equity securities.
Primary Markets are markets where securities are issued for the first time. Secondary Markets are markets where previously issued securities are bought and sold. Private Markets are closed to the public and are accessible only to a limited group of investors. Public Markets markets are open to all investors. Derivatives: Financial instruments whose value is derived from the values of the underlying assets. Investment Banks are financial institutions that provide services such as underwriting, M&A advisory, and securities trading.
Commercial banks are financial institutions that provide services such as deposits, loans and payment services. Financial Services Corporation: Financial institutions that provide services such as insurance, investment management, and brokerage services.
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Shannon and Eric Stafford are married with 3 children. The ages of the children are 5 (Lilly), 8 (Reagan), and 12 (Katie). They currently reside in Houston, Texas, and were impacted by a recent natural disaster. - Combined Shannon and Eric's gross income:
$250,000
- IRA deduction:
$7,000
- Standing deductions:
$18,350
- Amount withheld for federal income tax:
$10,500
- Child tax credit:
$4,000
- Filing status: Married - Hurricane Disaster Amount:
$4,000
- Mortgage Interest:
$5,000
- Property taxes:
$10,000
- United Way contributions:
$5,000
Answer the following: 1. What is the AGI (Adjusted Gross Income) Note:
AGI=
Gross income - Adjustments 2. What is Stafford's taxable income? 3. Based on this information, what is the amount owed to the IRS or refunded to the Staffords by the IRS? 4. Imagine that the IRA deduction is
$20,000
instead of
$7,000
, what would be the refund or owed taxable amount?
1. AGI = Gross income - Adjustments
Gross income = $250,000
Adjustments = $7,000 (IRA deduction) + $18,350 (standing deductions) = $25,350
AGI = $250,000 - $25,350 = $224,650
2. Taxable income = AGI - Exemptions
Exemptions = $10,500 (child tax credit) + $4,000 (hurricane disaster amount) = $14,500
Taxable income = $224,650 - $14,500 = $210,150
What inform the other records?3. Amount owed to the IRS or refunded to the Staffords by the IRS = Tax liability - Amount withheld for federal income tax
Tax liability = $210,150 x Tax rate (based on IRS tax brackets for 2023)
Amount withheld for federal income tax = $10,500
Without considering the mortgage interest, property taxes, and United Way contributions, it is not possible to determine the exact tax rate and calculate the tax liability. These itemized deductions can lower the taxable income and potentially result in a lower tax liability.
4. If the IRA deduction was $20,000 instead of $7,000, the AGI would increase to $230,000 and the taxable income would increase to $215,500. The effect on the refund or owed taxable amount would depend on the tax rate and the amount of itemized deductions.
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you work for an auto manufacturer designing brake systems, but you do not have a dedicated team. instead, you move from project to project, joining a new team and project when your current project is concluded.
As an individual working on brake systems without a dedicated team, it is important to remain organized, flexible, and open to learning.
What is the project?Generally, You should make sure to stay up to date on all of the latest technologies and advancements in brake systems, as well as document all of the work you have completed on each project.
Additionally, you should strive to build strong relationships with the teams you join and establish yourself as a valuable member of the team, demonstrating your knowledge and experience in the field of brake systems.
Finally, it is important to maintain an open dialogue with the teams you leave, as they may be able to provide valuable feedback or advice to inform the work you are doing on your next project.
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suppose that a firm invests $5 $ 5 million in the development of a new product that generates only about $250,000 $ 250 , 000 in revenue after a full year on the market. the firm only has a patent for one year and other firms are likely to start producing similar products. which of the following is the most rational decision for the firm to make?
Put the new product out of your mind, accept the loss on your investment, and focus on developments that have the potential to be more lucrative.
What is sunk cost?
A previously made investment that cannot be recovered is referred to as a sunk cost, also known as a retrospective cost. Marketing, research, new software installation or equipment, salaries and benefits, or facility charges are a few examples of buried costs in company.
Why is sunk cost important?Future decisions are not affected by sunk costs because the cost will remain constant regardless of the outcome. When sunk costs are taken into consideration when making decisions, the sunk cost fallacy results. Irrational decision-making is displayed when considering sunk costs when making a choice.
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A customer establishes a combined margin account by purchasing $30,000 of ABC stock and selling short $40,000 of XYZ stock, depositing the Regulation T requirement. Subsequently, the market value of the ABC position increases to $45,000, while the market value of the XYZ position decreases to $25,000. If no other activity occurs in the account, the account will show a current SMA balance of?
A. $7,500
B. $15,000
C. $30,000
D. $45,000
If no other activity occurs in the account, the account will show a current SMA balance of is B) $15,000.
The current SMA balance in this combined margin account is $15,000. This is determined by subtracting the market value of the short position ($25,000) from the market value of the long position ($45,000).
The customer initially deposited the Regulation T requirement of $30,000, which is the difference between the long and short positions. As the market value of the long position has increased and the market value of the short position has decreased, the current SMA balance is the difference between the two, which is $15,000.
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Exercise 3.8 (Static) Preparing a chart of accounts. LO 3-7 The accounts that will be used by Metro Moving Company follow. Prepare a chart of accounts for the firm. Classify the accounts by ype, arrange them in an appropriate order, and assign suitable account numbers. Assign Expense account numbers in alphabetical Order. Salaries expense Prepaid rent Fees income Accounts receivable Telephone expense Carnen Alexis, Capital Office supplies Accounts payable Cash Utilities expense Office equipment Carnen Alexis, Drawing Account Number Account Name Salaries expense Prepaid rent Fees income Accounts receivable Telephone expense Carmen Alexis, Capital Office supplies Accounts payable Cash Utilities expense Office equipment Carmen Alexis, Drawing
A chart of accounts is a collection of account names that are used to identify transactions and maintain track of a business's finances. It serves as the accounting system's filing cabinet for small businesses.
How does a chart of accounts work? To keep your records structured in accounting, each transaction is classified based on its account and sub-account. The chart of accounts contains these accounts and sub-accounts, as well as the balances associated with them.A liabilities account balance, on the other hand, displays the amount of money that your company still owes. An expenditure account balance, for instance, displays the amount of money that has been spent to operate your firm.You might also see a "view register" option next to an account name while looking up information in your chart of accounts. This gives you a history of all transactions connected to that account throughout time, making it simpler for you and your accountant to identify mistakes and misclassifications.A description and account number are typically also provided for each account.Five main accounts are often found in a chart of accounts:Assets.Liabilities.Equity.Expenses.Revenue.Hundreds or thousands of transactions may be recorded annually by small businesses. There is a lot of data to sift through in that area. For the purpose of analyzing the financial situation of your company, these key accounts assist in grouping transactions into coherent units. In fact, information from the chart of accounts' major accounts is used to construct two of the most crucial financial reports: the income statement and balance sheet.To Learn more About chart of accounts Refer To:
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Calculating the _____ of sales to returns each day for a retail organization is an example of summarizing ordinal data.
Non-sampling errors are inevitable in censuses and surveys. Data collected by complete enumeration in the census are free from sampling error, but they will not remain free from non-sampling error.
sampling error that is inherent in a sample that can only provide approximate information about the population this error is unavoidable, but it can be minimized by careful sample selection and sample size. In the sampling distribution, the sampling error is defined as the difference between the population and the sample. Sampling error can be reduced by increasing the sample size. Simple random sampling is non-probability random sampling in which a simple random sample is a subset of individuals chosen from a larger set. platform for software developers to write applications. A histogram is a graph that shows the frequency of numeric data using rectangles. The height of a rectangle represents the frequency distribution of a variable.
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Collaboration on team-written documents may be necessary for projects that are big, have short deadlines, and ______.
Option d is Correct. It may be required to work together on team-written papers for projects that are large, have tight deadlines, and call for the knowledge or agreement of many individuals.
Writing collaboratively is especially crucial for papers that call for the knowledge or agreement of many individuals. TRUE. Collaboration has several benefits, one of which is that it results in better products since multiple minds are better than one.
Pre-writing. You plan and prepare your writing during the pre-writing phase. Additionally, at this phase, you should research your subject and look for pertinent sources. You should consider the topic and goal of your assignment as soon as possible during the pre-writing phase. Communication. It makes intuitive sense that effective communication abilities enable a collaborative workplace environment.
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Correct Question:
Collaboration on team-written documents may be necessary for projects that are big, have short deadlines, and ________ .
a. are written on company letterhead
b. involve ethical or legal issues
c. include digital images
d. require the expertise or consensus of many people
QUESTION ABC Company uses a job order cost system. For a particular job, direct labor costs incurred were $100,000 while indirect labor costs were $20,000. Assume the wages will be paid in the future. Which of the following would properly record these wages?A. Work-in-Process, debit $120,000, Wages Payable, $120,000B. Work-in-Process Inventory, debit $100,000, Production Wages Expense, debit $20,000, Accounts Payable credit $120,000C. Work-in-Process Inventory, debit $100,000, Manufacturing Overhead, debit $20,000, Wages Payable, credit $120,000D. Work-in-Process Inventory, debit $100,000, Manufacturing Overhead, debit $20,000, Cash, credit $120,000 UnselectedE. None
Option C would properly record these wages - Work-in-Process Inventory, debit $100,000, Manufacturing Overhead, debit $20,000, Wages Payable, credit $120,000
This option correctly separates the direct labor costs ($100,000) and indirect labor costs ($20,000) and records them as Work-in-Process Inventory and Manufacturing Overhead, respectively. The wages payable account is used to record the liability for the wages that have been incurred but not yet paid. A wage is installment made by a business to a representative for work done in a particular timeframe. A few instances of pay installments incorporate compensatory installments like the lowest pay permitted by law, winning pay, and yearly rewards, and gainful installments, for example, prizes and tip payouts. Compensation are essential for the costs that are engaged with maintaining a business. It is a commitment to the representative no matter what the productivity of the organization.
Installment by wage diverges from salaried work, in which the business pays an organized sum at consistent spans (like a week or month) paying little mind to hours worked, with commission which conditions pay on individual execution, and with remuneration in light of the presentation of the organization overall.
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T/F setting up automatic account transfers is the easiest way to build your savings for your emergency fund or large purchases.
The given statement is true because setting up automatic account transfers is the easiest way to build your savings for your large purchases or emergency fund.
Setting up automatic account transfers is a simple and convenient way to build your savings. This process involves linking your checking account to your savings account and scheduling regular transfers of a specified amount from your checking account to your savings account. This allows you to regularly and consistently save money without having to manually transfer funds each time.
This can help you build an emergency fund or save for a large purchase. By making saving a habit through automatic transfers, you can easily reach your financial goals without having to consciously think about it. This method can also help you avoid the temptation of spending money that you had intended to save.
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find the total amount of the investment after 10 years if 4000 is invested at 7.52% compounded daily
Total amount of the investment is ₹8,465.07 and the total compound interest is ₹4,465.07.[tex]\frac{7.52^{7.52*10} }{2}[/tex]
What is Compound interest?Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time.Given data :
Here we use the formula :
A = P ( 1 + [tex]\frac{(r )^{rt} }{(n)}[/tex] )
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
A = 4000 ( 1 + [tex]\frac{7.52^{7.52*10} }{2}[/tex] )
= ₹8,465.07
Compound interest =
8465.07 - 4000 = ₹4,465.07
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a movement toward a unified monetary policy within the european union has led to an increase in real interest rates in member countries, but not in the united states. explain how this increase in real interest rates will affect each of the following:
There will be fewer purchases (less demand) for the U.S. financial assets.
What is an asset?An economic resource that is owned or managed by a person, group, or country with the intention of using it in the future is referred to as an asset. They are separated into categories for current, fixed, financial, and intangible assets. They are bought or created to increase a business's value or improve its operations. A patent or a piece of manufacturing equipment both qualify as assets because they have the potential to boost revenue, cut expenses, or provide cash flow in the future. An economic resource is anything that might not be available in large quantities but has the potential to help the economy by boosting or lowering cash outflows. Access that other people or businesses do not have can also be considered an asset.
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Which of the following is a common complaint that employers have when hiring recent college graduates?
Multiple Choice
lack of general knowledge of how businesses operate
not understanding the functions of accounting, finance, and marketing
lack of knowledge about global dependencies of companies
not understanding the importance of customer service
lack of knowledge of economic analysis and forecasting
lack of general knowledge of how businesses operate
How does lack of knowledge affect business?The high failure rate or inability to grow beyond a few trucks is due primarily to an entrepreneur's lack of business training. The technical skills acquired, which are, of course, an asset, soon become a liability in terms of not having mastered business skills necessary for success and profitabilityHere are some reasons poor knowledge management can affect the growth of your business: When information is unorganized and difficult to access, employees spend more time looking for resources, resulting in wasted productive time.Knowledge has great value since it is inherently unique to your organisation. It shapes and drives your business activity, your ability to sell or do more, and stand apart from your competitors. Individual knowledge is easily lost, especially when key employees leave.
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Which of the following agencies has established an assessment program with a set of standards for EMS systems?
A. NREMT
B. NHTSA
C. USMLE
D. NAEMSE
Among the following agencies, NAEMSE has established an assessment program with a set of standards for EMS systems. Assessment programs can help individuals identify their strengths and weaknesses.
What is an assessment program?
An assessment program is a structured system used to measure and evaluate the performance, skills, and knowledge of individuals. It typically includes tests, surveys, and other activities that are designed to assess competencies and provide feedback to the participants. Assessment programs can help individuals identify their strengths and weaknesses, and provide opportunities for improvement. They can also be used to measure the effectiveness of training programs, measure the impact of organizational change initiatives, and to identify areas of need within an organization. By providing accurate, timely feedback, assessment programs provide valuable data to inform decision-making and provide guidance for organizational development.
So, The correct option is D.
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managers must be ready to react and respond to subtle environmental shifts due to the fact that the environments in which businesses operate are increasingly
Managers must be ready to react and respond to subtle environmental shifts due to the fact that the environments in which businesses operate are increasingly dynamic.
Why is it important for managers to be aware of environmental changes?
Change is necessary because organizations and managers who do not implement timely change in acceptable ways are not likely to survive. Operating environments that are extremely dynamic and complicated present a challenge to managers and organizations.
Due to the fact that the surroundings in which organizations operate are becoming more dynamic, managers must be ready to respond and react to small environmental changes.
Therefore, Organizations that reject change do so at their own peril.
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the goal of maximizing shareholder wealth can be expressed in several equivalent ways (select all correct answers)
By maximising shareholder returns, stock value over the long term, and the company's market capitalization, the objective of maximising shareholder wealth can be represented.
What is market capitalization?
The total dollar market value of a company's outstanding shares of stock is referred to as market capitalization. The size of a corporation is determined by this number rather than revenue or total assets, according to the investment community. The market cap is used in acquisitions to assess if a takeover candidate offers a good value to the acquirer or not. Market capitalization is frequently used to establish a company's size before comparing its financial performance to that of other businesses of varying sizes. Because they represent more established organisations with often longer histories in operation, corporations with greater market capitalizations are frequently safer investments in the world of investing.
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juan mcdonald is willing to pay $600 for a new ipad. apple (the producer of ipads) is selling a new ipad for $700. it costs apple $400 to produce this ipad. a voluntary economic transaction between juan and apple occur because would be better off due to the transaction. group of answer choices will; neither juan nor apple will; both juan and apple will not; only juan will not; only apple
All of the claims serve as considerations for identifying the relevant cost driver, which is the reason of variations in the overall cost that will be applied to cost allocation.
An illustration of consideration is what?
Any guarantee of value made by one party to the other when entering into a contract is considered consideration. As an illustration, if A and B agree to a $5,000 automobile purchase agreement, A's consideration would be the $5,000 promise, and B's consideration would be the promise of the car.
"Consider her plea carefully," was said. "More consideration is necessary to address the issue." "The boss's daughter won't get special treatment," the statement read. Price is always an important consideration.
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Reasons to adopt an enterprise risk management plan include all of the following EXCEPTto increase earnings volatility.to increase net income.to treat risks facing the business in a more holistic way.to gain an advantage over competitors
Reasons to adopt an enterprise risk management plan include all of the following except to increase earnings volatility.
What is a risk management plan?
A risk management strategy is an in-depth description of your company's risk management procedure for unique initiatives that present growth and innovation potential. To develop a plan that doesn't jeopardize the company's risk exposure, your risk department, top executives, and key stakeholders must work closely together. It encompasses every aspect of the procedure, including risk identification, evaluation, and action, as well as documentation. The project's risk identification process begins concurrently with it. Risks increase in complexity and quantity with time as the project's specifications become more concrete.
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which of the following balance sheet items is least likely to have a market value closest to its book value?
It is least likely that intangible asset balance sheet items will have a market value that is closest to their book value.
An asset that is not physical in nature is said to be intangible. Intangible assets include goodwill, brand awareness, and intellectual property like patents, trademarks, and copyrights. Contrasting with tangible assets like real estate, automobiles, machinery, and stock are intangible assets. Because cash is a fairly liquid asset, its market value will be equivalent to its book value. Long-term debt's book value and market value may differ due to fluctuations in interest rates, however, companies do modify the debt's value accordingly. Although the book value of accounts payable is frequently quite close to market value, there may also be some element of contingency.
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In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will affect demand (D) or supply (S), and in what direction. 1. There have recently been some important cost-saving inventions in the technology for making paint. 2. Paint is lasting longer, so that property owners need not repaint as often. 3. Because of severe hailstorms, many people need to repaint now. 4. The hailstorms damaged several factories that make paint, forcing them to close down for several months. 5. Property owners become pessimist and start to believe that paint prices will keep rising in the future. a. 1: S shifts to the left, 2:D shifts to the right, 3: D shifts to the left, 4: S shifts to the right, 5: D shifts to the left. b. 1: S shifts to the right, 2: D shifts to the left, 3: D shifts to the right, 4: S shifts to the left, 5: D shifts to the left. c. 1: S shifts to the left, 2: D shifts to the right, 3: D shifts to the left, 4: S shifts to the right, 5: no curve shifts. d. 1: S shifts to the right, 2: D shifts to the left, 3: D shifts to the right, 4: S shifts to the left, 5:-D shifts to the right. e. None of the alternatives is correct.
These changes will affect demand (D) or supply (S) in the following ways- 1)S shifts to the right 2)D shifts to the left 3)D shifts to the right 4)S shifts to the left 5)D shifts to the right.
What does demand mean?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame.
What are the determinants of demand?The price, buyer income, the price of similar commodities, consumer tastes, and any customer expectations of future supply and pricing all affect the quantity demanded (qD). The amount demanded changes as a result of various variables.
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wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $900 and sold them on credit to percy corporation for $1,275. the complete journal entry to be made by wyman at the time of this sale is:
Wyman Corporation manufactured goods at a cost of $900 and sold them on credit to Percy Corporation for $1,275. which means that the payment from on Percy Corporation not yet been received.
In accounting, when a sale is made on credit, the revenue from the sale is recognized but the payment is not yet received. Therefore, the accounts receivable account is increased to reflect the outstanding debt owed by the customer.
The journal entry for this transaction would be:
Debit: Accounts Receivable (Percy Corporation) - $1,275
Credit: Sales - $1,275
The debit to accounts receivable increases the value of the assets in the balance sheet and the credit to sales increases the value of the revenue in the income statement. This entry records the transfer of ownership of goods from Wyman Corporation to Percy Corporation and the recognition of revenue from the sale.
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consider the fishermen dilemma we studied in section 5. suppose that the lake in which abdul and bridget go fishing is part of a small city called lake town. the mayor of lake town is worried about over-fishing, which may progressively deplete the stock of fish. she knows that you are now an expert in the microeconomics of common pool resources, so she decides to hire you as a consultant. she wants you to write a brief report explaining in your own words (and in simple words, because she never studied microeconomics) what possible solutions they could adopt to address the problem of over-fishing. you should also give your informed opinion on which of these solutions lake town should go for.
To write a report explaining what solutions the mayor of Lake Town could adopt to tackle the problem of overfishing you must learn more about the situation and create your report in line with the concepts of microeconomics of common resources.
What is a Common Resource Advisor?He is a professional qualified to provide relevant data, summaries and reports on a situation where there is a need for efforts related to sustainability and energy, with a focus on reducing impacts and positive solutions for the establishment of environmental protection.
Therefore, the first step in writing your report as a commons resource consultant would be to critically analyze the problem, gather data and information, and then develop creative solutions to the situation.
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Which of the following is not one of the four steps in accounting for production activity and assigning costs during a penod under a process cost system? Multiple Choice O Determine over Ask or underapplied overhead.
a. Determine over- or under applied overhead is not one of the four steps in accounting for production activity and assigning costs during a pend under a process cost system.
What does a process operation produce?Process operations, often known as process manufacturing or process production, refers to the continuous flow method of mass producing goods. In other words, this is a conveyor belt system that quickly and uniformly creates standardized, similar things.
There aren't many sorts generated in process production.
When liquid or semisolid components are used in the activities, the products are typically those found in petrochemical plants and oil refineries.
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Complete Question:
which of the following is not one of the four steps in accounting for production activity in a period?
A. Determine over- or underapplied overhead. B. Analyze the physical flow of units. C. Analyze equivalent units. D. Determine cost per equivalent unit. E. Prepare a cost reconciliation.