When compounding interest more frequently than once a year, periodic rate should be used to calculate the time value of money.
What happens if interest compounding happens more frequently than once annually?However, the effective interest rate will be higher than 10% if compounding occurs more frequently than once a year. The effective interest rate rises with the frequency of compounding.
The rate is modified by when compounding occurs more frequently than once per year.The nominal interest rate is adjusted for the number of compounding periods the interest product will experience over the course of time to determine the effective yearly interest rate.
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What is Convention on Combating bribery of Foreign Public officials?
The OECD Anti-Bribery Convention set legally required standards and asks for a variety of additional activities in order to make bribery of foreign public officials in international business transactions illegal.
What is the Convention on Combating Bribery of Foreign Officials?In order to make bribery of foreign public officials in international business transactions illegal, the OECD Anti-Bribery Convention established legally obligatory criteria and calls for a number of complementary steps.
When businesses offer, promise, or provide a bribe to a foreign official to gain an advantage in an international business transaction, such as winning a construction contract, an oil or gas concession, or an operating license, they are engaging in "foreign bribery," or the bribery of foreign public officials.
According to the Convention, nations must make bribing foreign public officials a criminal offense under their domestic law and make sure that attempting to bribe foreign public officials and conspiring to do so are both punishable by the same penalties as bribing domestic officials.
Therefore, the OECD Anti-Bribery Convention set legally required standards and asks for a variety of additional activities in order to make bribery of foreign public officials in international business transactions illegal.
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Which of the following is NOT a focus of the study of economics?A) how individual preferences are formed C) inflationB) unemploymentD) prices in particular markets
Although it frequently touches on money-related issues, it is not just about money. The study of individual decisions is known as microeconomics.
What is the primary area of study for economics?Economics is a social science that examines the decisions that people, businesses, governments, and nations make regarding the distribution and consumption of products and services.
What are the three divisions of economics?Thus, there is labor economics, which investigates the labor market; public finances, which investigates the revenue and outlays of the government; international economics, which investigates the transfer of resources between nations; etc.
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throughout history, most managers operated on a trial-and-error basis. during the industrial revolution in the 18th and 19th centuries, major advances in manufacturing and transportation technologies occurred, such as the steam engine, cotton gin, and railway networks. and with the availability of large numbers of low-skilled laborers, businesses and factories grew in size, becoming more complex to operate. managers who made minor improvements in management tactics were .
Managers who made minor improvements in management tactics were able to achieve impressive increases in production quality and quantity. option (C) is correct.
The time of 18th and 19th centuries was a period having very carelessness in the executive's abilities period. Firms couldn't deal with the framework of mass creation and mass worker system. At that period, the chiefs who made minor upgrades in administration strategies supposedly got a weighty expansion in quality and amount underway similarly.
The Modern Unrest is known to bring about the coming of better and quicker innovation that assists firms with doing the task all the more productively. It additionally assists the board with extraordinarily expanding its output.
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This question is not complete , Here I am attaching the complete question:
throughout history, most managers operated on a trial-and-error basis. during the industrial revolution in the 18th and 19th centuries, major advances in manufacturing and transportation technologies occurred, such as the steam engine, cotton gin, and railway networks. and with the availability of large numbers of low-skilled laborers, businesses and factories grew in size, becoming more complex to operate. managers who made minor improvements in management tactics were .
(A) Unable to achieve mass production.
(B) not able to bring about increases in production quality.
(C) able to achieve impression increases in productivity quantity and quality.
(D) able to hasten the emergence of management as an informal art.
(E) Unable to achieve economies of scale.
2. explain how a business's failure to consider the musical features and culture-specific cues of the music will impact purchasing decisions. suggest an example advertising scenario.
A business's failure to consider the musical features and culture-specific cues of the music used in advertising can impact purchasing decisions in a negative way because music has the power to start emotions, convey messages, and shape cultural perceptions accordingly.
For example, if a business had an advertisement that mainly aims at the young, urban demographic with the help of music which is associated with a different culture or age group, it may be misinterpreted to the their target audience. This can also results in a lack of proper cordination with the target audience and which ultimately reduce the effectiveness of the advertisement and impact the decision making of an individual.
So they can create advertising that is more appealing and relevant to their target audience, which can positively impact purchasing decisions.
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With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy?a)an increase in the marginal income tax rate, which would reduce the work effort of individuals. b)instituting a tax policy encouraging consumption at the expense of investment.c)instituting a tax policy encouraging investment at the expense of consumption.d)passage of legislation reducing the workweek to 30 hours.
Instituting a tax policy encouraging investment at the expense of consumption will lead to an outward shift in the production possibilities curve of an economy.
What is the straightforward meaning of economy?
A system of interconnected production and consuming activities makes up an economy, and these activities ultimately decide how resources are distributed within a society.
The needs of persons residing in and operating inside it are met through the production and consumption of goods and services as a whole.
What would lead the production possibilities curve to shift outward?
Changes in the overall number of production elements that are accessible or technological improvements can cause the PPF to migrate outward or inward.
At any point along the frontier, the economy is able to generate more goods if the overall number of production factors, such as labor or capital, grows.
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begin with a single sum of money at period 0. first, calculate a future value of that sum at 12.01 percent. then discount that future value back to period 0 at 11.99 percent. in relation to the initial single sum, the discounted future value: multiple choice is greater than the original amount. is less than the original amount. is the same as the original amount. cannot be determined with the information given.
In relation to the initial single sum, the discounted future value A. is greater than the original amount.
How to find the discounted future value ?Assume the original value if $ 100. When this is given a future value with the interest of 12. 01 %, this becomes:
= 100 x ( 1 + 12 .01 %) ¹⁰
= $ 310.86
Then this amount is discounted at a rate of 11. 99 % to become :
= 310. 86 / ( 1 + 11. 99 %) ¹⁰
= $ 100. 18
In conclusion, the discounted amount is greater than the original amount.
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if the current price of a product rises, what happens to the demand for that product? it increases. it decreases. it does not change. uncertain--economic theory has no answer to this question.
The supply of a good does not alter as the selling price increases, but the quantity supplied does.
If a product's price goes higher, the supply will rise as well. Supply and pricing are inversely correlated. In contrast to demand for goods and services, which is inversely proportional to price These laws are under the category of price elasticity of demand and supply; they demonstrate how consumers react to price changes. With price change, supply has an incline. Every manufacturer and seller compete for sales in a free market, yet profits seldom stay the same over the long term. As a result, businesses turn their attention to products and services that are more profitable, which causes a shift in the supply of goods and services and a corresponding change in pricing.
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Which one of the following is NOT an advantage of the cash method for reporting income?-Taxpayers have some control over when income is received and expenses are paid which assists in tax planning.-The cash method generally simplifies the computation of income.-Taxpayers are able to deduct expenses in the period incurred, which may be before they actually pay them.-Taxpayers recognize income in the period they receive it, giving them the wherewithal to pay the tax.
Taxpayers can write off expenses in the period in which they are incurred, even if they are not yet paid. Reasoning: The accrual method of reporting income has this benefit.
What are the drawbacks of the cash method?Because liabilities and receivables are not taken into account, it is difficult to get a thorough picture of your financial condition. Not suitable for all businesses: Cash accounting is not suitable if your business has product inventories or gives credit to customers.
What benefit does the cash method of accounting offer?The biggest advantage of the cash system is how straightforward it is—it only keeps track of cash that is delivered or received. The monitoring of a company's financial flow is also made easier. It will benefit sole proprietorships and small businesses. since using it probably won't necessitate more personnel (and the related expenses).
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assume that the company allocates any underapplied or overapplied overhead proportionally to work in process, finished goods, and cost of goods sold. prepare the appropriate journal entry.
The following would be the entry to reflect the allocation of the unapplied overhead:
Work in progress: $6,500 (5% of $130,000)
Products finished: (25% x $130,000) = $32,500
Cost of goods sold: $71,000 divided by $130,000, or 70%.
What is unapplied overhead?
Underapplied overhead is a circumstance in which overhead costs exceed the amount that a business really budgets for in order to operate. On a company's balance sheet, unapplied overhead is often shown as a deferred item that is balanced by adding a debit to the cost of goods sold (COGS) section before the end of the year. The direct expenses incurred during the manufacture of the products a business sells are known as the costs of goods sold. An unfavourable variance is an amount of underapplied overhead.
The following percentages would be used to distribute the underapplied overhead:
Costs incurred during the year in:
Work being done 36,00 dollars 5%
180,000 finished items 25%
Price of sold goods: 504,000 70%
Total $ 720,000 100%
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HELP PLEASE!!!
Which of these are financial goals? Select the two correct answers.
1. Saving for college
2. Going shopping during sale season
3. Buying a new computer
4. Getting a credit card
5. Making a monthly deposit on your savings account
Financial goals are targeted objectives individuals set to attain specific desired financial outcomes.
Saving for college is a prime example, involving allocating funds for forthcoming educational expenses. Similarly, making recurring deposits into a savings account constitutes a financial goal, fostering savings growth for future needs like emergencies or investments.
In contrast, the other options—such as shopping during sales, purchasing a new computer, and obtaining a credit card—may involve transactions but lack the inherent long-term financial purpose of savings, investment, or fiscal stability that characterizes genuine financial goals.
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disposable income in a particular period is: a income earned plus government transfer payments. b income earned plus government transfer payments less taxes. c total income earned. d consumption spending less savings. e income earned plus government transfer payments less taxes and savings.
A given period's disposable income is made up of earned income + government transfers less taxes.
Earned income: What does that mean?
Earned income for the year your are filing includes all earnings from employment, only if those earnings are deductible from gross income. Earned income includes things like wages, salaries, tips, or other taxable employee remuneration. Net earnings through self-employment are also considered earned income.
What's your annual gross income?
You can get your total income by taking the sum of all of your sources' gross income and deducting predetermined amounts for expenses, benefits, and other charges. If you're married or in a civil relationship and are jointly assessed, the income of your spouse or civil partner is added to your total income.
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if your monthly net income is $1,500, what should be your maximum amount spent on credit payments? multiple choice $450 $750 $300 $600 $150
The amount that should be spent according to the rule that says people should only spend 20% of their net income on credit payments is $300.
A credit balance on your billing statement is the amount or value which is owed to you by the card issuer. When you make a payment, credits are added to your account. You are often given a credit whenever you return something that you have bought through your credit card. Credits can also be added to your account as a result of rewards earned or a mistake in a previous bill. Your statement will show a credit balance if the total of your credits exceeds the amount you owe. This is money owed to you by the card company.
the calculation is as follows:
20% of net income= 20% of %1500
= 20/100 x 1500
0.2x 1500 = $300
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the activities are carried out by the following three persons: administrative support person: filing and writing senior accountant (who is also the owner): initial meeting, review by senior accountant junior accountant: preparation assume that all three persons work eight hours per day and 20 days a month. for the following questions, assume the product mix as described above. assume that there are 50 income tax statements arriving each month. which of the 3 persons is a bottleneck?
The 3 persons is a bottleneck are the junior accountant's capacity, and if the business wants to increase efficiency, they need to focus on improving the junior accountant's productivity.
Income tax is a tax levied by the government on the income earned by individuals, businesses, and other entities. The income earned could be in the form of wages, salaries, commissions, interest, dividends, rents, and other forms of compensation.
The administrative support person's task is to file and write, which takes approximately 2 hours per income tax statement. Therefore, in a month, the administrative support person can handle 80 income tax statements
=> (160 hours / 2 hours per income tax statement).
The senior accountant's task is to have an initial meeting and review the work done by the junior accountant. This takes approximately 1 hour per income tax statement.
Therefore, in a month, the senior accountant can handle 160 income tax statements
=> (160 hours / 1 hour per income tax statement).
The junior accountant's task is to prepare the income tax statements. This takes approximately 4 hours per income tax statement.
Therefore, in a month, the junior accountant can handle 40 income tax statements
=> (160 hours / 4 hours per income tax statement).
This means that even if the administrative support person and the senior accountant work efficiently, the process will slow down because of the junior accountant's limited capacity.
In conclusion, the bottleneck in the process of preparing income tax statements is the junior accountant.
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the includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the better business bureau. group of answer choices competitive environment political environment social environment legal environment
The political environment includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the better business bureau, i.e. option B.
The state, the government, and the public and private entities that function, interact, and/or have an effect on the system are referred to as the political environment. The political environment must be favourable and highly stable for a firm to prosper. The political atmosphere of a nation forms the basis of its business climate.
For a corporation, the political environment might be of the highest significance. A government's economic policies and decision-making processes can affect a company's ability to succeed or fail. While promoting one type of company might enhance earnings for that industry and its participants, it can also result in losses for other businesses.
The question is incomplete. The complete question is, "The _____ includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the better business bureau. Group of answer choices
A. competitive environment
B. political environment
C. social environment
D. legal environment
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approximately how long will it take for $250 to grow to $1,000 at an annual rate of 8%?
The time it would take for $250 to develop to $1,000 at an annual rate of 8% is approximately 18 years.
Is the annual interest rate calculated on a yearly or monthly basis?The rate of interest is used to determine the amount of interest owed to the lender by the borrower. Lenders' quoted rates are annual rates. The interest payment on most home mortgages is calculated monthly. As a result, before calculating the payment, the rate is divided by 12.
How do I calculate my annual rate?The annual rate of return is determined by dividing the amount gained or lost at the finish of the year by the original investment at the start of the year. This technique is also known as as the annual rate of return or the nominal annual rate.
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Which one of the following activities is not part of the revenue cycle monitoring process?
The revenue cycle is not often thought of as including the inventory account. Instead, revenue cycle management (RCM) is the financial process that makes use of medical billing software.
Which four key goals does monitoring serve?Projects are tracked in order to encourage methodical and professional management, reduce the risk of project failure, gauge stakeholder comprehension, and gauge implementation progress. Recognizing the part each stakeholder plays in monitoring is important.
What are the monitoring activities?Monitoring involves comparing results to the plans. Evaluation is the process of objectively and systematically evaluating a project or programme after it has been finished (or a phase of an ongoing project or programme that has been completed).
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which aspect of argentina’s economic environment are international businesses most likely to perceive as attractive?
International enterprises are most likely to find Argentina's economic climate favorable when considering the possibility of nationalization.
What does it mean in your culture to put the requirements of the entire community at large above needs of an individual?In collective cultures, the desires and aims of the group as a unit are given precedence above the wishes and needs of each person. In such communities, any person's identity is essentially defined by his connection with other band members and other people they are connected to.
What is the procedure by which elements of this other culture are incorporated into this one?Definition. Assimilation is a controversial concept that calls for immigrant groups to fully assimilate into the language, values, and social norms of the host country. Upon entering a new nation, immigrant groups are urged to assimilate through social, cultural, and/or political maneuvering.
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the following information is available for the year ended december 31: beginning raw materials inventory$3,400 raw materials purchases 4,900 ending raw materials inventory 3,900 office supplies expense 1,900 the amount of raw materials used in production for the year is:
The amount of raw materials used in production for the year is $4,400.
Given:
Beginning raw materials inventory 3,400
Raw materials purchases 4,900
Ending raw materials inventory 3,900
The amount of raw materials used in production for the year can be calculated by using the following formula:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 3,400 + 4,900 - 3,900
Direct material used= $4,400
Raw materials refer to unprocessed or minimally processed natural resources or substances that are used as inputs in the production of finished goods. Raw materials are the basic building blocks for the manufacturing of products, and can include items such as lumber, minerals, metals, oil, grains, and other natural resources. These materials are transformed into finished goods through processes such as manufacturing, refining, and assembly.
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what is the difference between a tax credit and a tax deduction? select all that apply. group of answer choices some tax credits are refundable, whereas tax deductions are never refundable. a tax deduction reduces your taxable income; a tax credit directly reduces the amount of taxes you owe tax credits always save you more than tax deductions. a tax credit reduces your taxable income; a tax deduction directly reduces the amount of taxes you owe
The difference between tax credit and tax deduction is that a tax deduction reduces your taxable income.
The correct option is thus Option A.
A tax deduction is a sum of money you can take out of your taxable income in order to pay less in taxes overall.
It makes sense to itemise if the sum of your itemised expenses exceeds the standard deduction for your filing status.
A sum of money that taxpayers can directly deduct from the taxes they owe is referred to as a "tax credit." Contrary to tax deductions, which reduce a person's taxable income, this is not the same thing.
The kind of tax credit will determine how much it is worth. Individuals or businesses in particular places, groups, or industries may be eligible for certain tax credits.
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the investigator's financial interests with the device manufacturer (sponsor) or to the outcome of the clinical investigation are reported directly to the u.s. fda by:
The sponsor is responsible for informing the US fda about the investigator's financial ties to the device manufacturer or to the results of the clinical trial.
What are the responsibilities of the investigator in device clinical research that is governed by the FDA?In addition to protecting the rights, safety, and welfare of the subjects under their care and maintaining control over the drugs under investigation, an investigator is responsible for seeing that an investigation is carried out in accordance with the signed investigator statement, the investigational plan, and any applicable laws.
What tasks fall under the purview of the sponsor and the investigator in clinical trials?For trials started by investigators, the Sponsor-duties Investigator's particularly include: the clinical trial's financial support. creating clinical trial documentation, such as informed consent forms, protocols, and submissions, like submissions for ethical review or regulatory approval.
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companies benefit most when the size of the sales force directly reflect the size of the company. a smaller company should have a smaller sales force while a larger company should have a larger sales force. group of answer choices true
The company's revenues almost always improve as the size of the sales team is raised. The given statement is true.
What are revenues?
Revenue is the cash that a business generates via its operations. Depending on the accounting technique used, there are various ways to compute revenue. Sales made on credit will be counted as revenue for products or services delivered to the customer in accrual accounting. Revenue may be recognized in accordance with certain standards even though payment has not yet been made.
The cash flow statement must be examined in order to determine how effectively a business collects debts. Contrarily, cash accounting only counts sales as revenue when money has been exchanged. A "receipt" is a record of money given to a business. Even without income, receipts are conceivable.
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adam believes that his employment information should be kept secure and safe, and that only certain people with the right to know that information should have access to it. which right is this?
Adam believes that his employment information should be kept secure and safe, and that only certain people with the right to know that information should have access to it. The right is "employee privacy policy''.
The employee privacy policy is the policy in which the documentation specifying the organization's rules and the process of gathering the personal information of the employee, as well as the using and the disclosing the personal information of that employee.
In the workplace, the employer's employment information should be kept secure and safe, and that only certain people with the right to know that information should have access to it. The policy include the security policy, security and privacy, internet of things, online social networks and personally identifiable information.
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marketers cannot advertise for adulterated and misbranded food or drug products due to the power of: group of answer choices the association for prohibition of adulteration the general food regulations the consumables protection bureau the food and drug administration
Option D. The FDA is a federal agency responsible for protecting public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of the nation's food supply.
As part of its mandate, the FDA regulates the labeling and advertising of food and drug products to prevent the promotion of adulterated or misbranded products. Marketers are prohibited from making false or misleading claims about the safety, efficacy, or quality of their products, and may face penalties if they violate these regulations. The Food and Drug Administration (FDA) is an agency within the U.S. Department of Health and Human Services. It is responsible for protecting public health by regulating and supervising the safety, efficacy, and security of a wide range of products, including human and veterinary drugs, biological products, medical devices, cosmetics, food and dietary supplements.
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Marketers cannot advertise for adulterated and misbranded food or drug products due to the power of: group of answer choices
A. The association for prohibition of adulteration
B. The general food regulations
C. The consumables protection bureau
D. The food and drug administration
can you sometimes not be able to calculate personal risk if its something new with no data to back it up ?
Yes, that is correct. In some cases, it may be difficult to calculate personal risk if there is no data or back up data/ information available to support the calculation.
Backup is the most common way of making a duplicate of the information on your framework that you use for recuperation in the event that your unique information is lost or ruined. You can likewise utilize reinforcement to recuperate duplicates of more seasoned records in the event that you have erased them from your framework.
Numerous organizations and associations safeguard their basic information with reinforcement, making it one of the vital parts of an organization's Disaster Recovery Plan and Business Continuity Strategy.
Organizations and individuals are extremely reliant upon information. While an individual can't get by without air, water, and food, organizations can't get by without information. A little less than half of organizations that don't have legitimate reinforcement or catastrophe recuperation plans set up don't endure a fiasco.
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If the cross-price elasticity of hamburgers and ketchup is −0.6, and the price ofhamburgers increases by 50%, how would be the percentage change in the quantity of ketchup demanded?
The price of hamburgers increases by 50%, the quantity of ketchup demanded would decrease by 30%.
What is cross-price elasticity?The quantity demanded of one good in response to a change in the price of another good is known as cross-price elasticity of demand. It is a fundamental idea in microeconomics and is used to comprehend how two goods are related to one another as well as how much demand for one good is impacted by changes in its price.
The percentage change in the amount demanded of one good divided by the percentage change in the price of another good is used to determine the cross-price elasticity of demand. An rise in the price of one good will result in a drop in demand for the other good if the cross-price elasticity of demand between the two goods is positive, indicating that the two goods are complimentary. The opposite is true if the cross-price elasticity of demand is negative, indicating that the two items are substitutes and that a rise in one good's price will result in a rise in the demand for the other.
According to question:
The cross-price elasticity of hamburgers and ketchup being −0.6 means that if the price of hamburgers increases, the quantity of ketchup demanded will decrease. The formula for calculating the percentage change in the quantity of ketchup demanded is:
Percentage change in quantity of ketchup demanded = Elasticity * Percentage change in price of hamburgers
So, in this case, the percentage change in the quantity of ketchup demanded would be:
Percentage change in quantity of ketchup demanded = -0.6 * 50% = -30%
Therefore, if the price of hamburgers increases by 50%, the quantity of ketchup demanded would decrease by 30%.
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the institutions of global finance are: central banks. commercial banks. investment banks. all of the above are institutions of global finance.
Central banks are the organizations that make up the world of finance.
Describe central banks.A central bank is a government-run organization that oversees the money supply, or the total amount of money in circulation, as well as the management of a nation's or set of nations' currencies. Price stability is one of many central banks' primary goals. Some nations also have laws requiring central banks to support full employment.
As part of its monetary policy, any central bank's primary instrument is to set interest rates, sometimes known as the "cost of money." Commercial banks are not central banks. A central bank cannot be used by an individual to open an account or request a loan, and being a public institution, it is not driven by profit.
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which type of lender organized as either a mutaul or a stock company is the largest source of funds for financin apartment complexes and commercial properites
Life insurances companies type of lender organized as either a mutaul or a stock company is the largest source of funds for financin apartment complexes and commercial properites .
Who is the company's lender?
Anyone who makes money accessible to a person or company with the intention that they would pay them back is referred to as a lender.
This can be an individual, a public or private organization, or a financial institution.
What other names have lenders had?
A mortgagee is a lender, more particularly a company that extends credit to a borrower in order for them to buy real estate. The borrower is referred to as the mortgagor in a mortgage transaction, while the lender acts as the mortgagee.
A typical bank is an institution with physical locations that offers credit cards, checking accounts, and other financial services such as mortgages. The terms "traditional banks" or "traditional lenders" are also used to refer to traditional banks.
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wise guys consulting issues an invoice for $9,000 to one of their clients for services provided. the terms of the invoice call for payment 30 days after the invoice date. what would be
As the business now has the right to receive cash, the solution is to deduct $9,000 from Accounts Receivable, an asset, and credit $9,000 to Revenue to recognize the revenue from the sale.
Since the transaction would have been recorded on the date the invoice was issued, the company's accrual method will have no effect.
When the payment is received, the transaction will be recorded if the business uses the cash method.
What does "account receivable" mean?The money that a company's customers owe for goods or services they have received but have not yet paid for is referred to as accounts receivable. For instance, the amount owed is added to the accounts receivable when customers purchase goods on credit. Through a business transaction, it becomes an obligation.
Question incomplete:
Wise Guys Consulting Issues an Invoice for $9,000 to one of their clients for services provided. The terms of the invoice call for payment 30 days after the invoice date. What would be the impact at the date the services are completed and invoiced?
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provides details about the flow of funds from operating, investing, and financing activities.
A company's balance sheet provides important information about its inflows and outflows of cash during the course of the accounting period, along with specifics its operating, investing, and financing activities.
What three financial activities are there?
Financing activities include deals involving debt, equity, and dividends. The information on debt or equity is provided in the section on cash flow through financing. This information varies according to the leverage ratio, dividend policies, and loan conditions that specific organizations may have.
What does the financing activities column on a cash flow statement mean?The financing activity in the statement of cash flow focuses on how a firm raises capital and distributes it to investors using capital markets. These acts also include paying cash dividends, adding to or changing obligations, and releasing and reselling more stock.
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while attending school, you work part time at a coffee shop. last year, you made $8,700. why might you still file your taxes, even though you made less than the standard deduction? select all that apply.
The b) Income Tax Act gives a variety of mechanisms for residents to claim deductions and refunds in addition to measures for taxing citizens' income.
What would happen if you failed to report your income?The IT department will charge penalty interest at a rate of 1% per month starting on the date the tax becomes due when returns are not submitted on time even when there are unpaid taxes. If the IT department thinks the delay was deliberate, it may also choose to impose sanctions.
Is the new tax system's standard deduction of $50,000 applicable?
A basic deduction of INR 50,000 has also been added under the new income tax system.
Complete question- while attending school, you work part time at a coffee shop. last year, you made $8,700. why might you still file your taxes, even though you made less than the standard deduction? select all that apply.
a) Corporate tax
b) Income Tax
c) Value added tax
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