Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000 of her savings, which had been earning 10 percent interest per year, on equipment for her business. she also borrowed $12,000 from her bank at 10 percent interest, which she also spent on equipment. for the past several months she has spent $1,000 per month on ingredients and other variable costs. also for the past several months she has earned $4,500 in monthly revenue. in the short run, susan should
Answers
In the short run, Susan should continue operating her catering business, as her monthly revenue of $4,500 is greater than her variable costs of $1,000 per month.
This means that she is generating a positive cash flow of $3,500 per month.
However, Susan should also consider her fixed costs, which include the $12,000 she spent on equipment and the $12,000 loan she took from the bank. These costs cannot be easily adjusted in the short run.
To determine whether Susan is profitable in the short run, we need to calculate her monthly fixed costs. The equipment she bought for $12,000 is a one-time cost, so we can spread it out over the year by dividing it by 12 months:
$12,000 / 12 = $1,000 per month
The $12,000 loan she took from the bank also incurs a
monthly interest charge of:
$12,000 x 0.10 / 12 = $100 per month
Adding up the monthly fixed costs gives us:
$1,000 (equipment) + $100 (loan interest) = $1,100 per month
Subtracting the fixed costs from the revenue and variable costs gives us:
$4,500 (revenue) - $1,000 (variable costs) - $1,100 (fixed costs) = $2,400 per month
So in the short run, Susan is generating a positive net income of $2,400 per month. This is a good sign for her business, but she should continue to monitor her expenses and revenue to ensure that she remains profitable in the long run.
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Related Questions
If p denotes the equilibrium price, then the consumer surplus at any price higher than p must be less than or equal to the consumer surplus at price p.
true/ false
Answers
The given statement "If p denotes the equilibrium price, then the consumer surplus......... less than or equal to the consumer surplus at price p." can be marked as true.
What is consumer surplus?A consumer surplus refers to the economic situation that arise when the price for a product or service that has been actually paid by the consumers is less than the price they are willing to pay.
Consumer surplus measures the welfare of the consumer and can be defined as the excess of social valuation of product over the price actually paid.
Basically, Consumer surplus is a measurement of consumer benefits that generally results from the market competition.
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superior razors: the marketing research process firms invest billions of dollars in marketing research every year. why do marketers find this research valuable? first, it helps to reduce some of the uncertainty under which they constantly operate. successful managers know when research might help their decision making, and they take appropriate steps to acquire the information they need. second, marketing research provides a crucial link between firms and their environments, which enables firms to be customer-oriented because they build their strategies using customer input and continual feedback. third, by constantly monitoring their competitors, firms can respond quickly to competitive moves. this activity is important because it helps contextualize a firms' marketing research investment. marketing research involves five key steps. the goal of this activity is to define those steps and to help you recognize the actions that must take place within each step. first, read about superior razors' plans to determine how well its men's shaving products are performing against the competition. then click and drag each action to the corresponding step in the marketing research process that represents that action. the marketing team at superior razors, a producer of a national brand of men's shaving products, is trying to find out how well the company is doing in comparison to its competition and to hypothesize how it will fare in the near future. superior razors is evaluating its competitive position in the shaving products market. superior has already determined its market share by evaluating the company's sales during a particular time frame relative to total industry sales. next, it wishes to determine how to achieve the best sales results over the next two years. it will identify the type of data that should be collected and the type of research needed to collect the data. past research has shown that loyalty is often, but not always, an important decision influencer for men's shaving products. after re-interpreting data collected from prior research projects, researchers at the firm conclude that when women do the shopping, they are loyal to a specific brand, whereas men are most interested in spending less. the company wants to determine through a questionnaire which group to target: married women, emphasizing the current promotional message, or single men, offering a new price performance message.
Answers
The marketing research process involves five key steps identification, research design, data collection, data analysis, and report preparation and presentation.
What are those five steps?
The marketing research process consists of five key steps: problem identification, research design, data collection, data analysis, and report preparation and presentation. The goal of marketing research is to reduce uncertainty, build customer-oriented strategies using customer input and feedback, and monitor competitors to respond quickly to competitive moves.
In the case of Superior Razors, the company is evaluating its competitive position in the shaving products market and wishes to determine how to achieve the best sales results over the next two years. To do so, they will identify the type of data to be collected and the type of research needed, such as through a questionnaire to determine which group to target: married women or single men.
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a) What is the optimal size of the production run? 4,676 units (round your response to the nearest whole number). b) What is the average holding cost per year? \$ (round your response to two decimal places). C) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $11,764.10 ⊤
(round your response to two decimal places). Radovilsky Manufacturing Company, in Hayward, Calfomis, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.500 fashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is 50.05 per light per yoat. a) What is the optimal suze of the production run? units (round your response to the nearest whole number).
Answers
The optimal size of the production run for Radovilsky Manufacturing Company is approximately 4,676 units.
The optimal size of the production run, we can use the economic order quantity (EOQ) formula:
EOQ = √((2 * D * S) / H)
Where:
EOQ = Economic order quantity (optimal production run size)
D = Annual demand (12,500 units)
S = Setup cost per production run ($48)
H = Holding cost per unit per year ($0.05)
Plugging in the values, we have:
EOQ = √((2 * 12,500 * 48) / 0.05)
EOQ ≈ 4,675.74
Rounding the result to the nearest whole number, the optimal size of the production run is 4,676 units.
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Which of the following best describes the significance of this figure: "$15,000"?
a. the amount Americans pay into savings accounts each year
b. the average monthly income of Americans
c. the total college students spend on tuition
d. the average amount of debt Americans carry on their credit cards
Answers
The significance of the figure "$15,000" is best described as the average amount of debt Americans carry on their credit cards, highlighting the financial burden and obligations associated with credit card usage.
The given figure, "$15,000," represents the average amount of debt carried by Americans on their credit cards. This indicates the average outstanding balance owed on credit cards, typically resulting from various purchases and expenses.
Therefore, the figure "$15,000" signifies the average amount of debt that Americans carry on their credit cards.
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How would you demonstrate professional conduct without telling the intern what professional conduct is?
Answers
Answer:
Examples of professional behavior include, but are not limited to: Placing the success of the team above self interest; not undermining the team; helping and supporting other team members; showing respect for all team members; remaining flexible and open to change; communicating with others to resolve problems.
Explanation:
Which of the following best describes ethics?
Answers
Correct/Complete Question:
Which of the following best describes ethics?
A. An academic discipline which originated in the early 1900s.
B. A descriptive approach that provides an account of how and why people do act the way they do.
C. The study of how human beings should properly live their lives.
D. A normative approach such as psychology and sociology.
Answer:
C
Explanation:
Ethics can be defined as a branch of knowledge that is concerned with morals or moral principles. These moral principles are the principles by which people should live their lives. Moral principles tells us right from wrong.
Ethics is a sub-course under philosophy as it involves the provision, systematizing as well as defense of the concept of what should be right or what should be wrong.
Ethics can also be called moral philosophy. It can be divided into metaethics, normal ethics and applied ethics.
Cheers.
What are 3 areas of money management that confuse you?.
Answers
The 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
What is Money management?Money management refers to a conscious attempt to track expenses, investing, budgeting, banking and assessment tax liabilities
Some area of money management that confuse people in general includes:
Spending Too Much Too SoonOverestimating Future SalesFailing to Manage Cash FlowNot Analyzing PricesMixing Personal and Business FinancesConfusing Profit With CashHowever, the 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
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How cash inflow and outflow affects the components of a financial plan
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Write a 6 paragraph essay on the importance of economic growth
Answers
Answer:
*insert long essay*
Explanation:
assuming you already have $20,000 in your account earning 5.000ompounded semi-annually, how much do you have to deposit every 6 months in order to have $100,000 in the account in 10 years?
Answers
You have to deposit $3,224.94 every 6 months in order to have $100,000 in the account in 10 years, if you have $20,000 in your account.
To find out how much you have to deposit every 6 months in order to have $100,000 in the account in 10 years, you can use the formula for the future value of an annuity:
FV = PMT × [(1 + r/n)^(nt) - 1] / (r/n)
Where:
FV = future value of the annuity
PMT = payment amount
r = interest rate
n = number of compounding periods per year
t = number of years
Plugging in the given values:
100,000 = PMT × [(1 + 0.05/2)^(2*10) - 1] / (0.05/2)
Solving for PMT:
PMT = 100,000 × (0.05/2) / [(1 + 0.05/2)^(2*10) - 1]
PMT = 3,224.94
Therefore, the answer would be PMT = $3,224.94
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Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). beginning with the economy in equilibrium carefully show the shift involved and the new equilibrium. state whether the p (price level) and rgdp at the new equilibrium are higher or lower. for each part of this question, start again at the original equilibrium. what will happen if:
a. taxes on households are decreased?
b. taxes paid by firms are decreased?
c. the value of the national currency, the snezhankan lev, declines in the international currency market?
d. a revolutionary new machine, the aparat, increases worker productivity?
Answers
The following would happen
Aggregate income would increase for households. They would have a rise in output. taxes on households are decreasedWhen the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.
taxes paid by firms are decreasedThe cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.
the value of the national currency, the snezhankan lev, declines in the international currency market?If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.
a revolutionary new machine, the apparat, increases worker productivityAn increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.
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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answers
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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* Which of the following adjustments reflected on a bank reconciliation would not require an adjusting journal entry?
a. All of these answer choices would require adjusting journal entries.
b. A check for $37 deposited during the month, but returned for non-sufficient funds.
c. An error in which the company's accountant recorded a check as $235 that was written correctly for $253.
d. An error in which the bank charged the company $83 for a check that had been written by another account holder.
Answers
Option D - An error in which the bank charged the company $83 for a check that had been written by another account holder.
The adjustment described in option D does not require an adjusting journal entry. This is because the error is solely on the bank's part, where they mistakenly charged the company $83 for a check written by someone else. As a result, the bank statement balance already reflects the correct amount, and no adjustment is needed in the company's records. The discrepancy lies between the bank statement and the company's records, but it can be resolved by contacting the bank and having them correct the error. Therefore, option D does not require an adjusting journal entry on the company's side.
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Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.70 per pound, and each pound could be sold for $6.40. What should be done with the beef, and why?
Answers
Answer: The beef should be roasted.
Explanation:
Sales revenue
Sell as is: 4000 × $3 = $12000
Processed further: = 4000 × $6.40 = $25600
Increase/Decrease in income: = $13600
Purchase cost:
Sell as is: 4000 × $4.50 = $18000
Processed further: = 4000 × $4.50 = $18000
Increase/Decrease in income: = $0
Cost of roasting:
Sell as is: 0
Processed further: = 4000 × $2.70 = $10800
Increase/Decrease in income: = -$10800
Net income = $13600 - $10800 = $2800
Since there is a net income of $2800 when they beef is roasted, therefore it should be roasted.
The last step of a cost analysis is to examine the P&L statement or expense reports.
Answers
The last step in the accounting cycle is to make remaining entries by finalizing expenses, revenues and brief accounts on the quit of the accounting period. This includes closing out temporary bills, along with expenses and sales, and moving the net earnings to permanent bills like retained profits.
Income and loss (P&L) declaration refers to a financial statement that summarizes the sales, fees, and fees incurred at some stage in a specified length, usually a quarter or fiscal year. these records offer records about a company’s capacity or inability to generate profit by increasing sales, lowering expenses, or each. P&L statements are often presented on a cash or accrual foundation. company managers and traders use P&L statements to analyze the economic health of a company. A profit and loss (P&L) statement summarizes the revenues, fees and fees incurred all through a selected time frame. A P&L statement offers information about whether or not a company can generate profit by increasing revenue, decreasing expenses, or each. The final step within the accounting cycle is to make closing entries with the aid of finalizing costs, sales and brief bills at the stop of the accounting length. This includes remaining out brief money owed, such as fees and revenue, and moving the net earnings to everlasting debts like retained earnings.
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assume that coffee and tea are substitutes. given a downward sloping demand curve for tea, an increase in the price of tea will cause
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An increase in the price of tea, assuming it is a substitute for coffee, will lead to a decrease in the demand for tea. When coffee and tea are considered substitutes, they serve similar purposes and can be consumed interchangeably. As a result, if the price of tea increases, consumers are likely to switch to the alternative, which is coffee.
The downward sloping demand curve for tea indicates that as the price of tea decreases, the quantity demanded increases. Conversely, as the price of tea increases, the quantity demanded decreases.
When the price of tea rises, consumers may find coffee to be a more attractive option due to its relatively lower price. They may choose to purchase more coffee and reduce their consumption of tea. This behavior leads to a decrease in the demand for tea, as consumers are now substituting it with coffee. The extent of the decrease in demand will depend on the price elasticity of demand for tea and the availability of close substitutes like coffee. Overall, an increase in the price of tea will cause a decrease in its demand as consumers shift to the substitute, coffee.
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An oligopoly firm is similar to a monopolistically competitive firm in that.
Answers
Answer:
An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms are in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
To all the people who wacth Mha, whats your fav thing about it?
Answers
Answer:
the character development is so god tier
Explanation:
Sebastian buys his coffee every month for $25 at a local coffee shop. At a local warehouse store with a $60 annual fee, he can purchase the same coffee for $15. What is the BEST financial advice for Sebastian when it comes to purchasing his coffee?
A. He should buy coffee at the warehouse store because at the end of the year he will have saved money.
B. He should buy coffee at the coffee shop because at the end of the year he will have saved money.
C. It doesn’t matter where he buys the coffee; the price is exactly the same after 12 months.
D. If he buys coffee for only five months, he should just buy it at the coffee shop because it will be cheaper.
Answers
Answer:
A. He should buy coffee at the warehouse store because at the end of the year he will have saved money.
Explanation:
if he continues to buy his coffee at the local shop it will cost $300 at the end of the year. If he buys from the warehouse it will cost $240 at the end of the year.
7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of
the SAR? How might that information impact your college selection process?
Please I need help I speak little English
Answers
Answer:
It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.
Explanation:
Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.
The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to
The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.With the graduation and retention rates for the colleges displayed at the bottom of the Students Aid Report, students can make right choices about the schools.In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.
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your clients have been in their home for seven years, have made $12,000 of improvements, and have $130,000 left on their mortgage. the home recently appraised for $283,000. using these figures, how much equity do they have in the property?
Answers
To calculate the equity in the property, we need to subtract the amount owed on the mortgage from the current market value of the property. The amount of improvements made to the property is not relevant for calculating equity.
So, the equity in the property is:
Equity = Current Market Value - Mortgage Balance
Plugging in the given values, we get:
Equity = $283,000 - $130,000
Equity = $153,000
Therefore, the clients have $153,000 of equity in the property.
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I WILL GIVE BRAINLIEST
This part of the business cycle is when companies have hired as many employees needed to supply enough goods demanded by consumers to optimize profit.
A. Trough
B. Growth
C. Recession
D. Peak
Answers
Discuss in your own words
1. Discuss the importance of having sources of capital and
good network in starting a business
2. Describe the role of legal requirments in starting a
business
3. Explain
Answers
1. Importance of sources of capital and good network in starting a business
The importance of having sources of capital and a good network in starting a business is that it provides a solid foundation for the company. Capital is required to invest in assets and support daily operations, while networking provides opportunities for collaboration, expansion, and access to resources. Both elements are critical to the growth and success of a business.
Sourcing capital is essential in supporting the development of a business idea from the onset. It is often challenging to find willing investors or lenders, but having a business plan that is well-thought-out, achievable, and marketable will go a long way in attracting support. Investors and lenders want to see that the business idea has the potential to make profits, as well as the ability to pay back the investment or loan.
Networks are essential in providing opportunities for growth and collaboration. Networking involves building relationships with other businesses, entrepreneurs, potential investors, and other stakeholders. These relationships can lead to referrals, recommendations, and other resources that can help the business grow and expand. Networking also provides the opportunity to learn from others who have already been successful in the field.
2. Role of legal requirements in starting a business
Legal requirements are essential in starting a business. The main answer regarding the role of legal requirements in starting a business is that they provide a framework for the business to operate within. These requirements help to protect the business, its employees, customers, and the environment. Legal requirements are also essential in ensuring that the business is operating legally and ethically.
The role of legal requirements in starting a business is to provide guidelines that businesses must follow. These requirements include registering the business, obtaining licenses and permits, paying taxes, adhering to zoning regulations, and following labor laws. Legal requirements also include environmental regulations, health and safety standards, and product labeling requirements. By complying with these requirements, businesses are demonstrating their commitment to operating ethically and legally, which helps to build trust with customers, employees, and investors.
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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
Answers
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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Which sentence best describes how money functions as a "store of value"?
(A) You can exchange money for ghods and services.
(B) It adds to your purchasing power.
(C) It assigns value to goods and services.
(D) Its value appears in the books of accounts.
Answers
Answer:
(B) It adds to your purchasing power.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The sentence which best describes how money functions as a "store of value" is that, it adds to your purchasing power.
Hence, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
what the guy said above me
What risk factor is present while leaning your forearms onto the sharp edge of a counter?.
Answers
The most probable risk factor associated with the leaning of forearms on the sharp edge of a counter is getting an injury on the forearms by creating pressure on the skin.
What is a risk factor?A risk factor is the increased possibility of having an injury or infection. It can be due to the happening of any event or the presence of any harmful object which leads to that injury or infection.
When an individual bends his/her forearm over the sharp edge of the counter, then it leads to the pressing of the skin present on the forearms against the sharp edge. There is a layer, called epidermis present on the skin which gets injured very badly due to the sharp edge and creates marks or strokes on the forearm.
Therefore, the pressure on the skin is the risk factor present when leaning the forearms on the sharp edge.
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President carter’s second economic plan proposed new regulations for businesses. controlling wages and consumer pricing. a new method for reducing stagflation. establishing a national banking system.
Answers
Answer:
B. controlling wages and consumer pricing
Right on edge
Explanation:
President carter’s second economic plan proposed new regulations for controlling wages and consumer pricing. Thus the correct answer is B.
What are the objective of President carter’s economic policy?President carters economic policy focus towards reducing inflation with the help of spending and deficit reduction strategies. He also focus towards generating employment to improve the situation.
The Carter Administration tried to make government more effective, productive by carrying on the regulatory reform process started by the Nixon Administration.
To reduce the inflation he launched regulation to control wages and pricing on the consumer to maintain the flow of funds.
Therefore, option B Controlling wages and consumer pricing is the appropriate answer.
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If the owner plans to ________ a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible
Answers
If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
The cash conversion cycle (CCC) is a metric that measures how long it takes a business to turn its investments in inventory and other resources into cash flows from sales, expressed in days.
This metric considers how long it takes to sell inventory, how long it takes to collect receivables, and how long it can pay its obligations without being penalized.
Based on the way businesses operate, CCC will vary per industry sector.
The idea is crucial for evaluating finance needs because it is used to calculate how much money is required to fund continuing operations.
Hence, If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
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A government subsidy to the producers of a product:
a) reduces product supply.
b) increases product supply.
c) reduces product demand.
d) increases product demand.
Answers
A government subsidy to the producers of a product increases product supply.
What is a subsidy from the government?Governments may promote specific industries or economic sectors with payments, tax rebates, or other financial incentives. Subsidies are meant to help or support what is thought to be a crucial component of the national economy or infrastructure.
Subsidies benefit who?A government incentive known as a subsidy is one that increases the availability of specific goods and services by providing money, grants, or tax exemptions to people or businesses. The availability of less expensive goods and commodities is made possible through subsidies.
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journal entries used to prepare temporary accounts for a new fiscal period. true or false?
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The statement "Journal entries used to prepare temporary accounts for a new fiscal period" is false.
Temporary accounts, such as revenue, expense, and dividend accounts, are used to accumulate information for a specific accounting period and are closed at the end of that period. The purpose of closing temporary accounts is to transfer their balances to a permanent account, typically the retained earnings account, in order to prepare the accounts for the next fiscal period.
Closing entries are used to close temporary accounts and transfer their balances to the appropriate permanent accounts. These entries are typically made at the end of the accounting period, not at the beginning of a new fiscal period.
Therefore, journal entries are not used to prepare temporary accounts for a new fiscal period, but rather to close temporary accounts at the end of the current fiscal period.
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