When an accountant compile projected financial statements, accountant's report should include separate paragraph that disclaims any form of assurance on historical financial statements.
What are financial statements?Financial statements provide a complete account of a company's operations and financial performance. Government entities, accounting companies, etc. commonly audit financial accounts to check for correctness and for reasons related to taxes, financing, or investments. The balance sheet, income statement, cash flow statement, and equity statement are the four basic financial statements for for-profit organisations. Financial data is used by investors and financial analysts to assess an organization's performance and forecast future changes in its stock price. The company's annual report, which includes its financial statements, is one of the most crucial sources of trustworthy and audited financial data. To assess the organization's financial health and potential for profit, creditors, market analysts, and investors review the financial statements.
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marketers can control the external environment in which their organizations operate. True or False
It is untrue to say that marketers have influence over the external world in which their companies function.
What is organization and its types?Hierarchical, flat, flatarchical, functional, divisional, as well as matrix organisational structures are the various varieties. Quick decision-making, improved coordination, and communication among staff are made possible by organisational structure, which increases productivity.
What do you mean organization?The organization is a collection of members who cooperate, such as a firm, neighbourhood association, charity, or union. This same term "organisation" can be used to describe a person, a group, a company, or the process of creating or developing something.
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Prime cost is:
a. indirect materials cost and indirect labor cost.
b. direct materials cost and direct labor cost.
c. direct labor cost and overhead cost.
d. selling cost and administrative cost.
Explanation:
b. Direct materials cost and direct labor cost.
Prime cost refers to the direct costs of production, which includes direct materials cost (the cost of raw materials used in production) and direct labor cost (the wages and benefits paid to workers who directly produce the product). This is in contrast to indirect costs, such as indirect materials (supplies used in the production process), indirect labor (salaries and benefits paid to support staff), and overhead costs (indirect expenses incurred in running a business).
keesha recently graduated from college and has been searching for a job for four months. what type of unemployment is keesha experiencing?
After recently graduating from college Keesha has been searching for a job for four months but she remains unemployed so Keesha has been experiencing frictional unemployment.
Transitions in voluntary employment within an economy might lead to frictional unemployment. A brief period of unemployment is produced as employees decide to switch jobs and as new workers join the workforce for the first time. Frictional unemployment, which is considered to be a component of natural unemployment and the lowest unemployment rate in an economy as a result of economic forces and labour movement, can be seen in an expanding, stable economy. Calculating the frictional unemployment rate involves dividing the number of people actively seeking employment by the total labour force.
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expert communicators are not perceived as trustworthy when . a. their statements are subjective to external causes b. they directly advocate a product c. they use an advanced communication channel d. their attitude toward the product is negative
Expert communicators are not perceived as trustworthy when "their statements are subjective to external causes".
The Expert communicators are those communicators know their communication is only as good as the impact on intended audience. There are four types of communicators are aggressive, passive-aggresive, passive and the assertive.
The Expert communicators are ensured empathy, equity, relevance and the impact. The communicators are four common types are analytical communicators, intuitive communicators, functional communicators, and the personal communicators.
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how many quarters must an employee have worked in a covered occupation to be fully considered insured for social security disability income?
40 Quarters. An employee has worked in a covered occupation to be fully considered insured for social security disability income for 40 quarters.
Social Security Disability Insurance (SSDI) provides monthly income support to citizens who are unable to work due to an ongoing or disabling medical condition.
The maximum SSDI benefit for 2022 is estimated at $1,358 per month for eligible individuals.
To qualify for the SSDI, an individual must have contributed to the program through payroll tax credits in Social Security-eligible work, and must have worked recently enough for a sufficient period of time to qualify.
SSDI is different from Supplemental Security Income (SSI), but individuals may be eligible for both programs.
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which one of the following statements regarding the qualified domestic trust (qdot) election is correct? a) the election allows the estate to take a charitable deduction for assets given to a foreign charity. b) the election allows the estate to take a marital deduction for the value of assets given to a spouse who is not a u.s. citizen. c) the property protected by the qdot election is not subject to estate tax upon the death of the income beneficiary of the estate. d) the qdot election can be made for terminable interest property.
The election allows estate to take charitable deduction for assets given to foreign charity is correct regarding qualified domestic trust election.
What is election?Through elections, which are a formal process of collective decision-making, a population chooses a person or people to hold public office. Since the 17th century, elections have served as the primary instrument for putting representative democracy into practise in modern times. Numerous other privately owned and commercial organisations, such as clubs, NGOs, and businesses, also use this procedure. The process of establishing fair election systems where none currently exist or enhancing the fairness or efficacy of current systems is known as electoral reform. Psephology is the scientific study of election-related information and results. Elections are sometimes referred to as referendums since, specifically in the United States, the word "elect" means "to choose or make a decision."
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during the past year, ernst electrical services paid $35,484 in interest along with $38,343 in dividends. the company issued $130,000 of stock and $100,000 of new debt. the company reduced the balance due on the old debt by $225,000. the amount of the cash flow to creditors is
The amount of cashflow to creditors is $161,800.
How can this cashflow occur?Cash flow is a metric for how much money a company earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities.
Cash flow to creditors= Interest+ Repayment of debt- New debt
= $36,800+ $225,000- $100,000
= $161,800
So, the cashflow to editors is $161,800.
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Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $700,000 next year playing for a European professional football team, or $0 returning to college for another year.
The opportunity cost of the student-athlete going back to school the following year is $1 million.
What connection exists between trade-offs and the choice of scarcity?When demand exceeds supply due to scarce resources, scarcity results. Because of scarcity, society is forced to make compromises—we must give up some things in order to have more of others.
Is the study of decisions people make to reach their objectives in light of their limited resources?Economics is the study of the decisions that customers, company owners, and public servants make in order to achieve their goals in the face of resource scarcity. Because of scarcity, which means that while our demands are limitless but there are few resources available to satisfy them, we are forced to make decisions.
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QUESTION 16
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to:
O The distance between Pefficient and P* at Qefficient
The distance between Pefficient and P" at Q
O The distance between Pefficient and the Price on the Private Benefit curve at Q*
O The distance between Pefficient and the Price on the Private Benefit curve at Qefficient.
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to D: "The distance between Pefficient and the Price on the Private Benefit curve at Qefficient."
What is the Pigovian subsidy?A Pigovian subsidy is a government intervention aimed at reducing negative externalities, such as pollution or overuse of finite resources. In the context of education, a Pigovian subsidy would be used to encourage individuals to achieve the socially optimal level of education.
In this case, the socially optimal level of education would be represented by the quantity Qefficient. Pefficient is the price of education that would result in Qefficient without government intervention. The difference between Pefficient and the price on the private benefit curve at Qefficient represents the cost of the negative externality that the subsidy would address. This difference would be equal to the Pigovian subsidy.
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relationships with customers and coworkers rarely create ethical problems. group of answer choices true false
The given statement is false. Relationships with customers and coworkers can create ethical problems, particularly in situations where there are conflicts of interest, unequal treatment, or exploitation.
For example, a salesperson may offer preferential treatment to a customer in exchange for personal gain, or a coworker may engage in harassment or discrimination against another coworker.
These types of situations can result in ethical dilemmas that can harm the individuals involved and damage the reputation of the company. It's important for individuals to be aware of ethical issues that may arise in their relationships with customers and coworkers and to act in an ethical and responsible manner.
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the final and perhaps hardest part of a good strategy is to deploy a set of coherent actions for the implementation of the strategy. which of the following is not an implementation action taken by nvidia? multiple choice creation of three staggered chip development teams employing a gpu system approach for easier integration of new nvidia chips investment in emulation systems for rapid prototyping of the chip designs releasing a new chip every 6 months rather than every 18 months using the maximum technical limits of the chip design for enhanced performance
The final and perhaps hardest part of a good strategy is to deploy a set of coherent actions for the implementation of the strategy planning. The releasing a new chip every 6 months rather than every 18 months using the maximum technical limits of the chip design for enhanced performance is not an implementation action taken by Nvidia.
The strategy planning is the planning in which the organization leader plan the idea into the execution of the idea or production of the products or services. The final and perhaps hardest part of a good strategy is to deploy a set of coherent actions for the implementation of the strategy.
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human error or failure often can be prevented with training, ongoing awareness activities, and . a. hugs b. paperwork c. controls
Human error or failure often can be prevented with training, ongoing awareness activities and controls.
What is human error?
When anything is done that was "not planned by the actor; not wanted by a set of rules or an external observer; or that led the job or system past its permissible limitations," that is what is meant by human error. In industries as diverse as nuclear power (such as the Three Mile Island accident), aviation (see a pilot error), space exploration (such as the Space Shuttle Challenger disaster and Space Shuttle Columbia disaster), and medicine, human error has been identified as a primary cause contributing factor in accidents and disasters (see a medical error). Human error reduction is frequently seen as a key factor in the dependability and safety of (complex) systems. One of the many factors that contribute to risk events is human error.
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an investor enters into a short forward contract to sell 100,000 gbp for us dollars at an exchange rate at 1.5000 dollars per pound. how much does the investor gain or loss if the exchange rate at the end of the contract is (a) 1.4900 and (b) 1.5200?
If the exchange rate at the end of the contract is 1.4900, the investor will gain.
Investment refers to the act of allocating money or capital to a financial instrument or project with the expectation of generating income or capital appreciation.
The gain or loss of the investment will depend on the exchange rate at the end of the contract.
This is because the investor agreed to sell 100,000 GBP at an exchange rate of 1.5000 dollars per pound, but at the end of the contract, the exchange rate is lower at 1.4900 dollars per pound.
The investor can then buy the same amount of GBP at a lower rate and sell it for a higher price in US dollars, resulting in a gain.
On the other hand, if the exchange rate at the end of the contract is 1.5200, the investor will incur a loss.
This is because the exchange rate has increased, meaning the investor will have to buy GBP at a higher price than what was agreed in the contract.
The investor will then sell the GBP for a lower price in US dollars, resulting in a loss.
Therefore, the correct option is (a).
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The balance sheet measures the flow of funds into and out of various accounts over time, while the income statement easures the firm's financial position at a point in time. (True or False)
The balance sheet is a financial statement measuring the flow of funds into and out of various accounts over time while the income statement measures the progress of the firm at a point in time that is false.
What is a balance sheet?A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business. It provides a snapshot of a company's finances and what it owns and owes as of the date of publication. The balance sheet adheres to an equation that equates assets with the sum of liabilities and shareholder equity.
Fundamental analysts use balance sheets to calculate financial ratios.
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a fundamental aspect of what political system is that it effectively conducts global business by providing an individual the right to freedom of expression and organization?
A fundamental aspect of democracy political system is that it effectively conducts global business by providing individual right to freedom of expression and the organization.
What is democracy?Democracy is a form of government where the people, or "direct democracy," have the power to make laws or elect representatives to do so ("representative democracy"). Democracies frequently possess the following traits: inclusiveness and equality, citizenship, consent of the governed, voting rights, freedom from unjustified governmental deprivation of the right to life and liberty, and minority rights. They also frequently possess freedoms of association, assembly, property, speech, and religion, as well as inclusion and equality. Over time, democracy has undergone substantial change. Community decision-making through public assembly is known as direct democracy, and it has a long history. In democracies, the majority rule is frequently used to make decisions, and supermajority and consensus are also significant aspects of these systems.
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which of the following life cycle models is not very effective when the product requirements are not well-understood? group of answer choices rapid prototyping spiral staged delivery iterative/incremental
Correct answer is option C. Spiral staged delivery is not very effective when the product requirements are not well-understood .
The staged delivery model enables products to be become deliverable at each stage. It prioritizes project managers' requirements, which are obviously addressed as you progress through each stage.
Furthermore, the Staged Delivery makes it easier to establish a budget, which you are more likely to adhere to because it is built and developed based on your plans and assets.
Furthermore, it is a relatively safe model to use, which contrasts sharply with daredevil models, which can be too dangerous for some.
The Staged Delivery Model has a number of advantages. For one thing, it is a fairly predictable system, allowing the development team to accurately notice problems before they occur.
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What is the shift toward a more integrated and interdependent world economy called?
Answer:
Globalization
Explanation:
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
what economic tactic was used when former communist countries removed price controls and allowed prices to be set as the result of supply and demand?
Deregulation is the economic strategy that was employed when former communist nations eliminated price controls and allowed pricing to be determined by supply and demand.
Deregulation concerned typically in the economic arena is the process of abolishing or lowering state restrictions. It is the abolition of economic regulation by the government.
As a result of the new trends in economic thinking about the inefficiencies of governmental regulation and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, harming consumers and the larger economy, it became widespread in advanced industrial economies in the 1970s and 1980s.
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if a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be: question 8 options: assets increase $1,300 and liabilities decrease $1,300. assets decrease $1,300 and equity decreases $1,300 one asset increases $1,300 and another asset decreases $1,300, causing no effect. assets increase $1,300 and liabilities increase $1,300. assets decrease $1,300 and equity increases $1,300.
The effect on the accounting equation would be: assets decrease by $1,300 and equity decreases by $1,300.
The accounting equation is represented as follows: Assets = Liabilities + Equity. When a company uses cash to purchase supplies, the cash account decreases (an asset), and the supplies account increases (also an asset).
Since the overall value of assets has not changed, the decrease in one asset must be offset by a decrease in equity, in this case, the owner's equity. This transaction can be represented as follows:
Assets (Cash) - $1,300 = Liabilities + Equity (Owner's) - $1,300.
In essence, the company has used its resources (cash) to acquire a new asset (supplies) and as a result, the owner's equity decreases to reflect the reduction in the company's net worth.
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when a trial balance balances, it is an indication that: (A). all journal entries have been posted, (B). the account balances are correct, (C). debits equal credits, (D). all transactions have been journalized
when a trial balance balances, it is an indication that debits equal credits
What is a trial balance?A trial balance is a list of credit entries and debit entries that businesses use to internally audit their double-entry accounting systems. The goal is to confirm that the sum of all debits equals the sum of all credits and identify whether any entries have been recorded in the wrong accountIf the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. However, this does not mean that there are no errors in a company's accounting systemWhen a trial balance is made and it balances, it means that the total footing for debit and credits are equal. However, it does not mean that all journal entries are posted, the account balance balances are correct, or all transactions have been journalizedTo learn more about trial balance refers to:
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activity description you work for classic styles, a small furniture manufacturing company. the company president, angela, has been considering expanding into making lighting fixtures and chandeliers. she has tasked you and your colleague, john, with analyzing the lighting industry and recommending whether this is a wise move. learning objectives after completing the activity, you will be able to: apply porter's five competitive forces to explain the profit potential of different industries
The objective of this activity is to analyze the lighting industry and make a recommendation to the company president, Angela, on whether expanding into making lighting fixtures and chandeliers is a wise move.
To achieve this objective, you and your colleague, John, will be applying Porter's Five Competitive Forces, which is a framework used to analyze the profitability of an industry. This framework considers five key factors: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the intensity of competitive rivalry. By considering these factors, you will be able to determine the profit potential of the lighting industry and make an informed recommendation to Angela on whether or not Classic Styles should expand into this market.
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according to the world bank, the 31 wealthiest countries in the world tended to have much lower rates of and much higher rates of when compared to the 40 poorest countries. a. adult literacy; cell phone subscriptions b. access to water; access to sanitation c. infant mortality; adult literacy d. internet users; life expectancy e. educational achievement; life expectancy
The 31 wealthiest countries in the world tended to have much lower rates of and much higher rates of when compared to the 40 poorest countries : e. educational achievement; life expectancy
What is meant by life expectancy?Life expectancy refers to the average number of years a person is expected to live based on current mortality rates. It is a measure of the overall health and well-being of a population, and takes into account factors such as access to healthcare, nutrition, and lifestyle choices.
Life expectancy is usually expressed as a single number, such as 75 years, which represents the average number of years that a newborn baby can expect to live if current mortality patterns persist.
The life expectancy of a population is influenced by many factors, including genetics, access to healthcare, environmental conditions, and individual behavior, such as the consumption of tobacco and alcohol, physical activity levels, and diet.
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What are the factors of production in economics?
These are the factors of production in economics:
LandLaborCapitalEntrepreneurshipThe factor of production is resources that are what people or companies use to produce goods and services.
The factor of production in economics:
Land: natural resources used to produce services and goods including everything that comes from the land. Examples: water, oil, natural gas, forest, etc. Labor: efforts that people do to produce services and goods. Capital: tools, buildings, money, and machinery that are used to produce goods and services.Entrepreneurship: a person who can combine and use 3 other factors of production to produce goods and services.Learn more about factors of production at: https://brainly.com/question/20738491
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four individuals founded porter industries, an innovative information technology consulting firm. the firm grew to include several hundred employees across numerous regional offices. based on a recent review of operations, the founders fear they do not know whether they have good information about important decisions being made at their various sites. for instance, they wonder whether they are measuring the things that will tell the managers and founders whether they are on track. the founders also question whether the managers at the regional offices adequately understand their local markets; even if they do, are they able to communicate it to the founders so the founders can guide or assist. finally, do the regional office mangers understand what porter industries is trying to achieve (i.e. what the company is about and how it creates value) and do they know what specific behaviors are not allowed?
The situation described in the scenarios is one of a lack of communication and alignment within the company, which can lead to confusion and missteps in decision making. The founders of Porter Industries were concerned about having a clear understanding of the important decisions made in their regional offices.
A manager is a person who is responsible for overseeing and directing a certain area of a company or organization. Managers are responsible for supervising employees, making decisions, and implementing strategies to achieve their organization's area goals. They play a critical role in shaping the culture and direction of the company, and must have strong leadership and decision-making skills to be effective.
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when you decide to run an advertising effectiveness study using experiments, which 2 conditions should be met to make your study powerful?
The two conditions that should be met to make an advertising effectiveness study using experiments powerful are randomization and a control group.
Randomization: The first condition to ensure a powerful advertising effectiveness study is randomization. This means that the selection of participants for the experiment should be randomized to eliminate any possible bias that may exist in the selection process.
Randomization ensures that all participants have an equal chance of being selected for the experiment, and thus the study results can be considered representative of the target population.
Control group: The second condition for a powerful advertising effectiveness study is to have a control group. A control group is a group of participants who do not receive the advertising treatment but are otherwise similar to the experimental group.
By having a control group, any changes in behavior or attitudes in the experimental group can be compared to the control group, allowing the researcher to determine the effectiveness of the advertising treatment.
Without a control group, it would be difficult to know if any changes observed were due to the advertising treatment or other factors.
In conclusion, to ensure a powerful advertising effectiveness study, it is important to have both randomization and a control group. Randomization helps to eliminate bias in participant selection, while a control group helps to determine the effectiveness of the advertising treatment.
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are salespeople who actively seek orders, usually in a highly competitive environment. a. detailers b. inside-sales personnel c. order-takers d. order-getters e. sales missionaries
D: Order-getters are salespeople who actively seek orders, usually in a highly competitive environment.
Order-getters are salespeople who actively seek out and acquire orders from customers, usually in a highly competitive environment. They are proactive in their approach and are responsible for generating new business for the organization. They may make sales calls, attend trade shows, and network with potential customers to find opportunities to sell products or services.
Order-getters have a high level of sales skills, knowledge of the products they sell, and the ability to negotiate and close deals. They are typically results-driven and are compensated based on the number of orders they secure. Effective order-getters are crucial for the success of many organizations and play a key role in driving revenue growth.
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which type of employment is defined as employment which can be terminated by the employer or employee at any time with or without reason?
Anytime, without cause, explanation, or previous notice, an employee who is employed at will may have their employment terminated.
When an employee terminates or is terminated from employment?When an employee leaves a company, their employment is said to have been terminated. A worker may be fired voluntarily if they depart on their own will. When a business reduces its workforce, conducts layoffs, or fires an employee, this is known as an involuntary termination.
When an employee is employed at-will, the employer is free to terminate them whenever they want, for any reason—aside from those that are illegal—or for no reason at all. A worker is also free to quit their job at any moment and for any reason—or for no reason at all—without facing any negative legal repercussions.
An employee who is employed at will may have their employment terminated at any moment and without cause, explanation, or prior notice. 1 Additionally, it implies that a worker may leave at any time and for any reason—or for no reason at all.
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what is the after-tax cost if she expects her marginal tax rate to be 24 percent next year and pays the $20,000 bill in january
Chuck will pay a marginal tax rate of 26.92 percent on any additional $40,000 in taxable income.
At the moment, how much pretax income must Tawana make in order to provide Jonathon $8000 after taxes?To provide Jonathon with $8,000 after taxes, Tawana presently needs to earn $12,698 before taxes. $8000 divided by 0.63 equals $12,698 in pretax income. Tawana has a 37 percent marginal tax rate and owns and runs a solo proprietorship. She pays $8,000 a year for her son Jonathan's college fees.
By finding the change in taxes paid and dividing it by the change in taxable income, one can determine the marginal tax rate.
Chuck will pay a marginal tax rate of 26.92 percent on any additional $40,000 in taxable income.
$20.000/24%
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results in increased scarcity and inefficiency in the production of a good or service.
Shifting the demand curve to the right indicates an increase in demand, while shifting it to the left indicates a reduction in demand. increases the scarcity of something and makes it more inefficient to produce.
What do excess and scarcity mean?When more is required of an item, service, or resource than is available, there is a shortage. When an item, service, or resource is delivered in higher amounts than what is required, this is referred to as a surplus.
What generates a surplus?When the amount of a good or asset exceeds the amount that is actively consumed, a surplus is created. A company will have an excess of 600 unsold Christmas trees if it produces 1,000 trees but only receives orders for 400 of them.
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a firm with a single owner who has the right to all profits but who also bears unlimited liability for the frims losses and debts is knwon as
A business which has a single owner is known as a sole proprietorship.
In a sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, there is no legal distinction between the owner and the business entity.
A solo proprietor has the option of hiring employees in addition to operating by themselves. The lone proprietor is responsible for all losses and obligations and receives all earnings subject to business-specific taxes. The proprietor is liable for all debts incurred by the company and is the owner of all of its assets.
Contrarily, a partnership requires a minimum of two partners this company is a single proprietorship.
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