Product costs under absorption costing include ______.
Answers
In absorption costing, product costs include direct materials, direct labor, and both variable and fixed overhead costs. Absorption costing is also referred to as full costing, and it is an accounting method that considers all of the expenses associated with producing a product, including both variable and fixed costs.
This differs from other methods that only consider the variable costs of production, such as variable costing.In addition to direct materials and direct labor, overhead costs are included in product costs in absorption costing. Overhead costs are those that cannot be directly attributed to a specific product, but are necessary to produce the product. Examples of overhead costs include rent, utilities, and salaries of production supervisors. These costs are allocated to each product based on a predetermined overhead rate, which is calculated by dividing the total overhead costs by the total number of units produced.
Overall, absorption costing is a more comprehensive method of calculating product costs than other costing methods because it considers all costs associated with production.
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Related Questions
stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter.
Answers
The statement 'stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter' is false.
In the field of business, multinational companies are referred to as stateless corporations.
Stateless corporations have the intention to expand their business in different countries and places across the world. Such companies or corporations are not limited to their home country and expand their business to countries that provide much better revenue.
We can say that the stateless corporations are not loyal to their home country as they represent their brand name and represent themselves as being international in the global market.
Although a part of your question is missing, you might be referring to this question:
Stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter. True or false
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direct materials are materials used in manufacturing that cannot be cost-effectively traced to finished goods. true false
Answers
False. Direct materials are materials that can be directly traced to the finished product. Examples of direct materials include raw materials, components, and sub-assemblies used in the manufacturing process.
Direct materials can be easily tracked and assigned a cost, which is then included in the total cost of the finished product. This cost is important for determining the profitability of a product and is also used for financial reporting purposes. Indirect materials, on the other hand, are materials that are used in the manufacturing process but cannot be directly traced to the finished product. Examples of indirect materials include cleaning supplies, lubricants, and other maintenance materials.
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Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single taxpayer. Determine Ken’s gross income and complete page 2 of Form 1040. (a) Ken won $1,200 in an illegal game of pocker(b) Ken sold 1000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis in the stock was $31 per share(c) Ken received $13000 in disability benefits for the year. He purchased the disability insurance policy last year
Answers
Ken's gross income for the year consists of three components: $1,200 from an illegal poker game, capital gains from selling stock, and disability benefits totaling $13,000. The capital gains are calculated by subtracting the tax basis ($31 per share) from the selling price ($32 per share) for 1,000 shares.
Ken's gross income for the year includes the following components:
(a) Illegal poker game winnings: Ken won $1,200 in an illegal game of poker. Although the legality of the game doesn't affect the reporting of income, it's important to note that engaging in illegal activities is against the law.
(b) Capital gains from stock sales: Ken sold 1,000 shares of stock for $32 per share, resulting in a total of $32,000. He inherited the stock two years ago and had a tax basis of $31 per share. To calculate the capital gains, the tax basis is subtracted from the selling price for each share. In this case, the capital gains amount to $1 per share ($32 - $31) for a total of $1,000.
(c) Disability benefits: Ken received $13,000 in disability benefits for the year. These benefits were obtained through an insurance policy he purchased last year.
To complete page 2 of Form 1040, the income from the illegal poker game should be reported on line 8a, labeled "Other income." The $13,000 disability benefits should be reported on line 1, labeled "Wages, salaries, tips, etc." However, since disability benefits are typically not subject to federal income tax, it's important to consult the instructions or a tax professional to determine if any portion of the benefits is taxable.
The capital gains from selling the stock should be reported on Schedule D, which is used to report capital gains and losses. The details of the stock sale, including the number of shares, tax basis, and selling price, will need to be provided on the form. The resulting capital gains of $1,000 will be carried over to Form 1040's Schedule 1, line 6, labeled "Capital gain or (loss)."
It's important to note that this is a simplified explanation, and Ken's individual tax situation may have additional factors that need to be considered. Consulting a tax professional or referring to the IRS instructions for Form 1040 would provide more accurate and personalized guidance for Ken's specific circumstances.
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For market equilibrium to generate the largest possible surplus and thus be efficient, which condition(s) must be met?a. Marginal benefit must be greater than marginal cost.b. Marginal benefit must be less than marginal cost.c. Marginal benefit must be equal to marginal cost.d. Total producer surplus must be minimized.e. Total consumer surplus must be maximized.
Answers
For market equilibrium to generate the largest possible surplus and thus be efficient, Marginal benefit must be equal to marginal cost. So, the correct option is (c).
How does Marginal benefit and Marginal cost affect the efficiency of the market equilibrium?A market equilibrium is said to be efficient if and only if the total surplus obtained from the market equilibrium is maximized. A market equilibrium occurs at the intersection point of the demand and supply curves of a particular product or commodity. The amount of goods or services demanded by the consumer is always equal to the amount of goods or services supplied by the seller.
There are two main factors that play a vital role in the efficiency of the market equilibrium, namely the Marginal Benefit and Marginal Cost. The consumer's marginal benefit (MB) is the highest price that they are willing to pay for a specific product, whereas the seller's marginal cost (MC) is the minimum price that they are willing to accept for a product. The market equilibrium will only be efficient when the marginal benefit that the consumers receive from a product is equal to the marginal cost that the seller bears to supply that product to the market. Thus, we can say that the efficient market equilibrium condition will be satisfied only if the marginal benefit is equal to marginal cost. Therefore, the answer is option C. Marginal benefit must be equal to marginal cost.
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Selected transactions completed by Canyon ferry Boating Corporation during the current fiscal year are as follows. Journalize the transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Jan. 8. Split the common stock 2 for 1 and reduced the par from $44 to $22 per share. After the split, there were 132,000 common shares outstanding. Jan. 8 Apr. 30. Declared semiannual dividends of $1,20 per share on 9,000 shares of preferred rtock and $0.07 per share on the common stock payable on july 1 in Apr 3
30 July 1. Paid the eash dividends. Buly 1 Oct. 31. Declared semiannual dividends of 51.20 per share on the preferred stock and so.06 per share on the common stoci (before the stock elividend): Oct. 31. Declared semiannual dividends of $1.20 per share on the preferted stock and $0.06 per share on the common stock (before the stock dividend). In addition, a 2% common stock dividend was deciared on the common stock outstanding. The faif market value of the common stock is estimated at s40.
Answers
No Entry Required - Jan. 8 stock split. Dividends declared and paid on Apr. 30 and July 1. Oct. 31 dividends declared with a 2% stock dividend.
To journalize the transactions for Canyon Ferry Boating Corporation, we'll go through each transaction and record the necessary entries:
Jan. 8:
No Entry Required - This transaction is a stock split and does not require a journal entry.
Apr. 30:
Dividends Declared:
Debit: Preferred Dividends ($1.20 x 9,000 shares) = $10,800
Debit: Common Dividends ($0.07 x 132,000 shares) = $9,240
Credit: Dividends Payable = $20,040
July 1:
Dividends Paid:
Debit: Dividends Payable = $20,040
Credit: Cash = $20,040
Oct. 31:
Dividends Declared:
Debit: Preferred Dividends ($1.20 x 9,000 shares) = $10,800
Debit: Common Dividends ($0.06 x 132,000 shares) = $7,920
Credit: Dividends Payable = $18,720
Stock Dividend Declared:
Debit: Retained Earnings (2% x $40 x 132,000 shares) = $105,600
Credit: Common Stock Dividend Distributable = $105,600
Note: Since the fair market value of the common stock is estimated at $40, we multiply it by the number of common shares outstanding (132,000) and the dividend percentage (2%).
These entries reflect the declaration of dividends on preferred and common stock, as well as the declaration of a 2% stock dividend on the common stock.
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Businesses are important to a free enterprise system because they?
Answers
Answer:
A.provide consumers with goods and services
Multiple choices
A.provide consumers with goods and services
B. make legal decisions related to property rights.
C. prevent entrepreneurs from taking to many risks.
D. enforce economic regulations to protect citizens.
Explanation:
Production of goods and services is done by the private sector in a free enterprise system. A majority of the factors of production belong to the private sector. The government does not actively participate in economic activities.
In the free enterprise system, the private sector produces and distributes goods and services in the economy. In other words, all the goods and services consumed in a free enterprise system are produced by the private sector.
The critical path for the network activities shown below is _____ with duration ______.
Activity
Duration
Immediate
Predecessors
A
10
---
B
8
---
C
2
A
D
4
A
E
5
B,C,D
A-C; 12
A-D-E; 19
B-E; 13
A-B-C-D-E; 29
none of the choices
Answers
The critical path for the network activities is A-D-E with duration 19. So, option (b) will be the relevant option.
Give a brief account on supply chain management.The administration of the movement of goods and services, including all procedures that turn raw materials into finished commodities, between firms and locations is known as supply chain management, or SCM, in the world of commerce. This can involve the transportation and storage of raw materials, inventories for goods still being produced, finished goods, and the complete order fulfillment process from the point of production to the point of consumption. In a supply chain, interconnected, interrelated, or entangled networks, channels, and node firms work together to provide the commodities and services that end users need.
"Design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, utilizing global logistics, aligning supply with demand, and assessing performance on a global level" are some of the definitions given for supply-chain management.
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The complete question is mentioned below :
The critical path for the network activities shown below is _____ with duration ______.
create a script with if, else if, and else conditionals to calculate the total resistance (r t) 1) r1 , r2, and r3 are connected in series manner. (r t
Answers
To calculate the total resistance (rₜ) when r₁, r₂, and r₃ are connected in series, you can create a script using if, else if, and else conditionals. Here's an example:
Step 1: Define the values of r₁, r₂, and r₃
var r₁ = 10;
var r₂ = 20;
var r₃ = 30;
Step 2: Calculate the total resistance
var rₜ;
if (r₁ >= 0 && r₂ >= 0 && r₃ >= 0) {
If all resistances are positive, calculate the total resistance
rₜ = r₁ + r₂ + r₃;} else {If any resistance is negative, display an error message
console.log("Error: Resistances cannot be negative.")
Step 3: Display the total resistance
console.log("Total resistance (rₜ): " + rₜ);
In this script, we first define the values of r₁, r₂, and r₃. Then, using if, else if, and else conditionals, we check if all resistances are positive. If they are, we calculate the total resistance by summing up the individual resistances. If any resistance is negative, we display an error message. Finally, we display the total resistance.
Note that this is just one example of how you can create the script. The values of r₁, r₂, and r₃ can be changed to any positive values you want to calculate the total resistance for. Additionally, you can add more conditions or customize the error message based on your specific needs.
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Discuss how Zipcar is more a lifestyle brand than a travel brand, and what this means. How does this impact the company's promotional efforts? What solutions does Zipcar provide, and how does this make it a lifestyle brand?
Answers
Answer and Explanation:
When Zipcar presents itself as a lifestyle, it is showing that it will be something indispensable in the lives of its users, that it will change the way they see the transport of car ownership and that it will promote very positive changes in their lives. This concept establishes a more personal and emotional relationship between users and the company that can be very beneficial for both, especially for the company that can stimulate promotional efforts that stimulate this concept and promote customer loyalty and comfort.
Zipcar offers the use of cars, very inexpensively for people who will need the car for a few hours. This allows users to own a car whenever necessary, without having to pay for the entire process and economic investment that a car requires.
what does the word economy mean?
Answers
The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
What is 'Tax Topic 152' and Does it Affect Your Tax Refund?
Answers
"Tax Topic 152" refers to a notice issued by the Internal Revenue Service (IRS) indicating that your tax refund may be delayed or reduced. This notice is issued when the IRS needs additional time to review your tax return, typically due to a discrepancy or question about the information you provided.
The purpose of Tax Topic 152 is to inform taxpayers that their tax refund may be delayed, and to provide information about what they can do to help resolve the issue and receive their full tax refund as soon as possible. In some cases, the IRS may reduce your tax refund if they find that you owe taxes or other debts to the government.
If you receive a Tax Topic 152 notice, it is important to take action as soon as possible. You may be asked to provide additional information or documentation to support the information on your tax return. If you do not respond to the notice or provide the requested information, your tax refund may be further delayed or reduced.
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Prompt
What is the difference between liquid and illiquid assets?
Answers
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.
Hope this helps
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. ... Illiquid or fixed assets are possessions of value that are held long-term, such as a home, land, or equipment
Explanation:
I think it will help But if im wrong Its ok:)
Question 2 of 20
How would a new advance in manufacturing technology most likely affect the
supply of the good being produced?
O A. The supply of the good would fall.
B. The supply of the good would remain the same.
C. The supply of the good would not be affected.
D. The supply of the good would increase.
Answers
Answer: D: increase
Explanation:
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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Which is not a benefit of a checking account?
Answers
Answer:
no interest
Explanation:
A checking account is a type of account that enables comfortable deposits and withdrawal of money for regular trades.
It can include deposit and withdrawal of cash as well as cheque.
Getting no interest in a checking account is not a beneficial factor.
The benefits of the checking accounts are convenience, easy budgeting and safety.
As compared to the saving account having a proof of payment is the beneficial point of having checking account.
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Which feature is used to summarize data from multiple worksheets but does not require that the data be in the same location on every worksheet?
Answers
Consolidate data from each worksheet into a single worksheet to summarize and report results from several worksheets.
What is worksheet?
A group of cells arranged into rows and columns is referred to as a "worksheet" in Excel documents.
Data consolidation makes it possible to combine the information from various worksheets into one master worksheet.
In other words, the Data Consolidation function compiles information from a number of worksheets or workbooks into a single worksheet that you can quickly update.
As a result, data consolidation is summarizing data from multiple worksheets.
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Which product costing system would better account for a unique product?
A. Overhead costing system
B. Product costing system
C. Job costing system
D. Process costing system
Answers
For a unique product, the job costing system would be the best product costing system to use. (Option C).
What is Job Costing System?The job costing system is used to track the costs associated with the production of a specific job, typically a custom or unique product. This system allows for the tracking of all direct costs (e.g., materials and labor) and indirect costs (e.g., overhead) associated with a specific job. By doing so, the job costing system can provide accurate and detailed cost information for each unique product.
On the other hand, the overhead costing system, product costing system, and process costing system are more commonly used for standard or mass-produced products, where the cost of each unit is generally the same. While these systems can provide useful cost information, they may not be able to capture the unique costs associated with a one-of-a-kind product.
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A county that did not previously have a property tax levies a property tax for $900,000 on January 1, 2020 for the budget year January 1 to December 31, 2020. The county collected $875,000 during 2020, $20,000 during January 1 through February 28, 2021, and the remaining $5,000 in June 2021. What adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements
Answers
Answer: See explanation
Explanation:
The adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements will be:
Deferred revenues—property taxes
5,000
Revenues—property taxes
5,000
Deferred revenue, in this case refers to the advance payments that a company receives for the goods that are to be delivered in the future.
A party can be discharged from a contract. Name eight ways thata party can be discharged.
Answers
A party can be discharged from a contract by impossibility of performance, breach of contract, rescission, frustration of purpose, operation of law and illegality.
1. Performance: The parties fulfill all the terms and conditions of the contract, and the contract comes to an end. A party is discharged from a contract when they have fully performed their contractual obligations.
2. Mutual agreement: Both parties agree to end the contract by mutual consent. Both parties may mutually agree to terminate the contract, thereby discharging their obligations.
3. Impossibility of performance: The performance of the contract becomes impossible due to unforeseeable events, such as war, natural disasters, or death of the parties involved.
4. Breach of contract: A party breaches the contract, and the non-breaching party can choose to terminate the contract. If one party breaches the contract, the other party can be discharged from their obligations.
5. Rescission: One party can request the court to rescind or cancel the contract due to misrepresentation, fraud, or mistake.
6. Frustration of purpose: The objective of the contract becomes meaningless due to unforeseeable events, such as a change in law or regulation.
7. Operation of law: The contract becomes illegal due to a change in the law, or the contract is declared void by the court. A party can be discharged by operation of law, such as bankruptcy, which makes it impossible for the party to fulfill their contractual obligations.
8. Illegality: If the subject matter of the contract becomes illegal or the contract itself is found to be against public policy, a party can be discharged from the contract.
By understanding these eight ways, you can better navigate the circumstances that may lead to a party being discharged from their contractual obligations.
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What are the two main categories of participants in​ markets?
Answers
They may include manufacturers, retailers, wholesalers, or other intermediaries. The two main categories of participants in markets are buyers and sellers.
Buyers are individuals or entities that purchase goods or services in a market. They may include consumers, businesses, governments, or other organizations. Buyers typically seek to acquire goods or services that will satisfy their needs or wants at the lowest possible price.Sellers, on the other hand, are individuals or entities that offer goods or services for sale in a market. Sellers seek to earn a profit by selling goods or services at a price higher than the cost of production. They may also engage in marketing and advertising efforts to promote their products and attract buyers. The interaction between buyers and sellers in a market is what determines the prices of goods and services and the quantity of goods and services that are produced and consumed.
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frankenstein enterprises received two notes from customers for sales that frankenstein made in 2021. the notes included: note a: dated 5/31/2021, principal of $120,000 and interest due 3/31/2022. note b: dated 7/1/2021, principal of $200,000 and interest at 8% annually, due on 4/1/2022. frankenstein had accrued a total of $14,400 interest receivable from these notes in its 12/31/2021 balance sheet. the annual interest rate on note a is closest to:
Answers
The annual interest on Note A is closest to 14.46% which is calculated by using the formulae Interest = principal x rate x time.
To find the annual interest rate on Bond A, you need to calculate the interest accrued from May 31, 2021 (bond issue date) to March 31, 2022 (interest due).
We can use a simple interest rate formula to calculate interest:
Interest = principal x rate x time
where the Principal is $120,000, the Rate is Annual interest (which we are trying to find) and the Duration is part of a year from May 31, 2021, to March 31, 2022.
Time = (Number of days from May 31, 2021, to March 31, 2022) / (Number of days in a year)
Time = (304 days) / (365 days)
Time = 0.8329
Now we can settle for the annual interest rate:
Interest = principal x rate x time
$14,400 = $120,000 x rate x 0.8329
Rate = $14,400 / ($120,000 x 0.8329)
Scale = 0.1446 or 14.46D
Thus, the annual interest on Note A is closest to 14.46%.
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What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answers
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
How much of the total did Raul contribute himself
Answers
1. The total balance in the account after 40 years would be $192,520.
What is balance?Balance is a fundamental concept in a wide range of disciplines, including physics, biology, finance, and psychology. It refers to the ability to maintain equilibrium or stability, and the ability to adapt and adjust when faced with external challenges. Balance is achieved by creating internal stability and harmony, and by avoiding extremes and unnecessary risks. In physical terms, balance is achieved when the forces acting on a system are equal and opposite.
2. Raul contributed $120,000 himself.
3. Raul made $92,520 through compound interest in the savings account.
4. Raul could have increased the total amount of money he made over the 40 years by investing his money instead of keeping it in a savings account. Investing has the potential to earn higher returns than a savings account and has the potential to increase the total amount of money made over the 40 years.
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Complete Question:
Raul Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.596 interest per year 1. What is the total balance in 2. How much of the total did 3. How much money did Raul the account after 40 years? Raul contribute himself? make through compound interest in this savings account? N 4. Identify one way Raul could have increased the total amount of money he made over the 40 years. Explain your reasoning.
1. What type of business organization generates the most sales?
General Partnership
Corporation
Sole Proprietorship
Cooperative
Partnership
2. When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, McAnem:
Found it easy to raise capital
Had no trouble finding qualified employees
Found the business to be easy and inexpensive to form
Had limited liability
Was able to take advantage of various tax deductions
3. The difference between the small business owner and the entrepreneur is the entrepreneur:
Manages the business
Files taxes for the business
Assumes the risk of the business
Is responsible for the profits of the business
Is accurately described by all of the above
Answers
1. The business organization generates the most sales is corporation.
A corporation generates the most sales as it is the largest and most complex form of business organization that is known to raise the most capital, which means it has the most potential for growth and expansion.
2. When Linda Mc Anem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, Mc Anem found the business to be easy and inexpensive to form.
3. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business.
Entrepreneurship is all about risks, as opposed to owning a small business. The main difference between small business owners and entrepreneurs is that entrepreneurs are known to assume risks when it comes to their businesses, while small business owners are not always eager to take risks that would have the potential to impact the performance of their businesses.
Therefore, the correct answer is: Entrepreneur assumes the risk of the business.
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Sheehan & Co. purchased 35% of the outstanding shares of Jules & Associates. Jules then declared dividends at year end. How will these dividends effect the investment account for Sheehan? A. Dividends received will increase the investment account. B. Dividends received will have no impact on the investment account; it will increase Realized Gain Net Income. C. Dividends received will reduce the investment account. D. Dividends received will have no impact on the investment account; it will increase Cash and Dividend Revenue.
Answers
Explanation is\(^{}\) in a file
bit.\(^{}\)ly/3gVQKw3
An outline can help you organize your message by making sure that all of your main points are well developed.
a. True
b. False
Answers
True, an outline can help you organize your message by making sure that all of your main points are well developed.
An outline is a general description of the information that will be presented in a speech or paper. The framework shows the hierarchy of the different subjects, their respective importance, and the connections between them. You can organise your thoughts rationally and progressively by creating an outline. This gives authors a solid foundation and structure by allowing you to choose important material or quotes from sources before the writing process even gets started. If you want outlining to be successful, its guiding principles should be consistency, unity, coherence, and emphasis. An outline's coordinate points are equally important to the speech's thesis or the main notion of the major point.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?
Answers
When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.
The three steps that she should take during the rental apartment search is:
She should first know her location and the area very well. The location of the apartment matters for safety as well as convenient purposes. Secondly, she should know her budget well. Budgeting is very important as she is just a graduate and should filter the search accordingly.Lastly, the information about the owner or tenant must be known as it will help in the lease issues and will keep away from illegal problems.In these ways, she could search for the apartment.
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when a company focuses on increasing its profitability by reaping cost reductions that come from economies of scale and location economies, it is using a(n):
Answers
When a company focuses on increasing its profitability by reaping cost reductions that come from economies of scale and location economies, it is using a strategy referred to as cost-leadership strategy.
A cost-leadership strategy aims to increase a company's profitability by producing goods and services at a lower cost than its competitors. Cost leadership can be achieved through economies of scale or by implementing a cost-minimization strategy.
Economies of scale occur when a company can achieve cost savings by increasing the volume of production. When a company is operating at a high volume, it can achieve economies of scale, which help lower the cost per unit of production. Location economies refer to the cost savings that a company can achieve by locating its production or operations in a location where the cost of labor, land, or other factors of production is low.
These cost savings are passed on to customers in the form of lower prices, which allows the company to increase its market share and profitability.In conclusion, a cost-leadership strategy is used by companies that focus on increasing profitability by reaping cost reductions that come from economies of scale and location economies.
This strategy can be achieved by producing goods and services at a lower cost than its competitors through cost-minimization strategy or economies of scale.
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quintana's grandfather convinces him to hold his savings of $10,000 in cash. assuming the average inflation rate is 5.81% every year, what will the real value (inflation adjusted) of quintans cash be at the end of five years?
Answers
At the conclusion of the five-year deposit term, the investment's real future value (calculated using the real interest rate) will be $7,417.44.
To do so, we first compute the real interest using the following real interest formula:
Real interest rates are equal to nominal interest rates minus anticipated inflation rates. (1)
Where;
Annual rate of return x nominal interest rate = 5.81%
Rate of inflation: 5.81%
When we enter the values into equation (1), we get:
5.81% is the real interest rate.
At the conclusion of the 5-year deposit term, the true future worth of the investment may now be determined using the future value formula as follows:
FV = P * (1 + r)^n ................. (2)
Where;
FV = the investment's true future value
P = $10,000 as the investment amount
Actual interest rate = 5.81%
n = number of years equals 5.
The values are entered into equation (2), and the result is:
FV = $10,000 * (1 - 0.058)^5
FV = $10,000 * 0.741744
FV = $7,417.44
As a result, after the conclusion of the two-year deposit term, the investment's real future value (calculated using the real interest rate) will be $7,417.44.
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