A classification of costs that determines whether a cost is expensed to the income statement or capitalized to inventory is Period vs product
What is product and period cost with example?Product costs are those expenses directly associated with creating a good or service that will be sold. All additional indirect costs incurred during production are referred to as period costs.Common examples of period costs include overhead and sales and marketing expenditures.Direct materials, direct labor, and allocated plant overhead are a few examples of product expenses. General and administrative expenditures, including as rent, office depreciation, office supplies, and utilities, are examples of period costs.Sales include the cost of shipping and delivery. Although some could claim that sales costs are directly tied to production, the sales department can only function once production is complete and a product is offered for sale, making sales a secondary cost to production.To learn more about Product costs refer to:
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In the early days of our nation, a strong centralized bank was favored by __________.
The Federalists in the early years of our country desired a powerful centralized bank.
What are Centralised banks?The central bank is now a government-run organization that oversees the money supply, or the total amount of currency 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. An organization that controls a state's or formal monetary union's commercial banking system and regulates its money and monetary policy is known as a banking system, reserve bank, and monetary authority. A central bank has the exclusive right to expand the monetary base, unlike a commercial bank.
What is an example of a central bank and how do central banks work?One of the most potent central banks around the world is the U.S. Federal Reserve. The eurozone's governing institutions are the European Central Bank. The Reserve Banks of Australia and New Zealand, the Bank of England, the Bank of Japan, the Swiss National Bank, and other notable central banks are also worth mentioning.
Implementing monetary policy and managing the money supply are the responsibilities of central banks, which are frequently tasked with preserving low rate of inflation & steady GDP growth. To manage the cost of debt and lending across an economy, central banks have an impact on interest rates and take part in open market activities.
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the best approach to promotion budgeting is blank , though it requires careful judgment. multiple choice question. competitive parity percentage of sales objective and task all you can afford
Although it necessitates careful judgment, the best approach to budgeting for promotions is task-oriented and objective.
What is budgeting?Budgeting involves creating a plan for how you will spend your money. Budget refers to this budgeted spending. You may determine in advance if you will have enough money to complete the chores you need to or want to be creating this spending plan.
If you don't have enough money to do everything you want to do, using this planning strategy may help you prioritize your spending and focus your resources on the things that are most important to you.
Because budgeting enables you to create a spending plan for your money, you can always have enough cash to cover your essential needs and wants.
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cortez, inc., is expecting to pay out a dividend of $2.50 next year. after that it expects its dividend to grow at 7 percent for the next four years. what is the present value of dividends over the next five-year period if the required rate of return is 10 percent?
The method for estimating the present value of all future income is known as discounted cash flow.Using the investor's required rate of return or cost of capital, future income is discounted to the present value.
The time value of money is the foundation upon which future income can be discounted to its present value.According to the idea of time value of money, a dollar received today is worth more than the same amount received in the future because it can be reinvested to generate additional returns.
How is discounted cash flow calculated?
The formula for discounted cash flow (DCF) is the sum of each period's cash flow divided by one and the discount rate (WACC) multiplied by the period number.
Is discounted cash flow the same thing as NPV?
However, they are not alike.You can find out how much current projected cash flows are worth using the discounted cash flow analysis.After taking into account initial costs, the Net Present Value indicates the net return on your investment.
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question content area where are selling and administrative expenses found on the multiple-step income statement? a.after sales and before gross profit b.after net income and before expenses c.after gross profit d.before gross profit
Selling and administrative expenses are found after gross profit.
What is Gross profit?
A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold. The cost of products sold is subtracted from revenue to calculate gross profit, also known as gross income. In general, fixed costs are not taken into account when calculating gross profit; only variable costs are. On the surface, a gross profit margin ratio of between 50 and 70 percent would be seen as healthy, and it would be for many different kinds of enterprises, including restaurants, merchants, manufacturers, and other goods makers.
Hence, Selling and administrative expenses are found after gross profit.
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if a perfectly competitive industry is in a long-run equilibrium and there is a permanent increase in demand, then immediately following the demand shift as the market moves to a short-run equilibrium and before it moves to a long-run equilibrium, there is:
If a perfectly competitive industry as the market moves to a short-run equilibrium and before it moves to a long-run equilibrium, there is: an increase in demand
In a perfectly competitive market at long-run equilibrium, an increase in demand produces economic gains in the short term and market entry in the long run. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.
What is a perfectly competitive market?
In economic theory, perfect competition means that all firms sell the same product, market share does not affect prices, firms can enter or exit without barriers, buyers have perfect or perfect information, firms Occurs when cannot determine the price.
Advantages of perfect competition are :
There are no barriers to entry, so incumbents cannot acquire monopoly power. Producers only cover opportunity costs, as only regular profits accrue. There is perfect knowledge and companies can sell anything they can produce, so they don't have to spend money on advertising.Learn more about perfect competition :
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the standard materials cost to produce 1 unit of product r is 7 pounds of material at a standard price of $70 per pound. in manufacturing 6,200 units, 42,000 pounds of material were used at a cost of $72 per pound. what is the direct materials price variance?
42,000 pounds of material, at a cost of $72 per pound, were used to make 6,200 units. The difference in the cost of direct materials is $14,000.
How does direct material work?Direct materials are the resources and materials used in the production of a product that may be directly related to that product. A list of the items that have been designated as direct materials is typically included in a product's bill of materials.
The bill of materials, which may sometimes include an allocation for overhead, lists the unit amounts and typical costs of each item used in a product.
The term "direct material" refers to all waste and spoilage produced during the production process. Scrap is the surplus, pointless material that remains after a product is produced.
Calculation:
First, we arrive at the average cost of manufacturing.
The typical cost to produce 6,200 units is = 7 × $70 × 6,200
Standard cost = $30,38,000
and, now that we arrive at actual manufacturing costs
The real price of producing 6,200 units is = 42,000 × $72
Actual cost = $30,24,000
and here we are now Variance in direct material cost represented as
Standard cost minus Actual cost is the direct material cost variation.
Direct material cost variance = $30,38,000 - $30,24,000
Direct material cost variance = $14,000 favourable
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How to tell a customer their food order is late?
Even if an unanticipated delay food order is indeed not your company's fault, sending consumers a sincere apology by email or SMS demonstrates that you are aware of the problem and are sympathetic.
Define the term food order?Delivery of food to a customer by a restaurant, shop, or independent food delivery business is known as retail food delivery.
Typically, one places an order through a restaurant, a mobile app, or a food delivery service.
Make no promises you cannot keep:
Consumers do not like to be given empty guarantees about when their orders would arrive. If you offer your customer anything and it doesn't happen, it will have a negative effect on your business in general.Apologize;
Customers like it when companies accept responsibility for a mistake and offer an apology. A honest apology is greatly appreciated.When you apologize, make sure to include a description of the issue's origin and your plan for resolving it.To know more about food order, here
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the right to receive a share of the partnership net assets if the partnership is liquidated is called a(n)
A capital interest is a right to receive a share of the partnership's net assets if the partnership is liquidated.
The obligation or right to receive a portion of future profits or losses, also known as a "profits interest," and the right to receive a portion of the partnership's net assets in the event of its liquidation, both known as "capital interests." A financial stake in a company is known as a "capital interest." One who owns capital shares participates in the partnership's gains and losses.
A member's initial investment in the company's capital is a common factor in calculating capital interest. amount of all financial contributions made to the company. Guaranteed payments to partners are sums of money given as payment for labor or capital a partner has used. For partners or members of limited liability companies (LLCs), they essentially serve as the equivalent of a salary.
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after working for the company for three years, roberto now qualifies to receive an annual bonus if he achieves the performance goals he has been given. this bonus is an example of .
After working for the company for three years, Roberto now qualifies to receive an annual bonus if he achieves the performance goals he has been given. this bonus is an example of An incentive.
What is an incentive?Examples of these incentives include special leave, recognition, gifts, family benefits, and even work-related perks such as projects. Typically, such bonus increase employee job satisfaction because they feel more valued for their efforts.An incentive is an object, something of value, or a desired behavior or event that encourages an employee to do more of what the employer has encouraged through the selected incentive.She has two types of incentives: Financial and Non-Financial Incentives. Financial incentives are payments or bonus given in exchange for achieving certain goals or objectives. Non-monetary incentives are non-monetary rewards such as awards, privileges and recognition.Employee incentive programs enable companies to increase productivity, reduce employee retention, and reduce production costs. Encourage employee engagement to foster teamwork and boost morale and motivation. Both employees and employers benefited from the incentive program.To learn more about incentive from the given link :
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Globalization has prompted so much online commerce that many career opportunities in transportation are
likely to continue to grow. Which of these hypothetical transportation scenarios might be related to this
issue? (Select all that apply.)
Globalization has prompted so much online commerce that many career opportunities in transportation are
likely to continue to grow. The hypothetical transportation scenario related to this issue are
1) It is now cost effective for road transportation companies to buy entire fleets of electric vehicles.
2) The ability of more companies to put pressure on air carriers based on their higher value of international business has resulted in reduction of air shipping rates.
As online commerce grows it connects each and every country and every cities and towns which will lead to a rise in delivery services outside and within the country.
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Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.)
Initial Investment: $600
Amount after 10 years: $1805
Interest Rate: ?
Amount of time it takes to double: ?
P = $1000
r = 2.1% = 0.021
Pert = 2P
=> 1000e0.021t = 2* 1000 = 2000
=> e0.021t = 2000 / 1000 = 2
=> ln e0.021t = ln 2
=> 0.021t = ln 2
=> t = 33.01 years
Amount after 10 years
= 1000e0.021(10)
= 1000e0.21
= $1233.68
The quantity is a property that can exist as a large number or magnitude, which illustrates discontinuity and continuity. Portions can be compared in phrases of "greater", "much less", or "equal", or through assigning a numerical price multiple of a unit of size. Mass, time, distance, warmth, and perspective are among the acquainted examples of quantitative properties. The amount is the various primary instructions of things along with quality, substance, exchange, and relation. A few portions are such by their internal nature (as a range), even as others function as states (properties, dimensions, attributes) of factors such as heavy and mild, long and short, broad and narrow, small and splendid, or a lot and little.
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Dr. Benavidez is placed on unpaid leave due to medical errors that he made last month. This unpaid leave is.
This unpaid leave is an emergency, an audit.
What is an emergency?An unexpected combination of circumstances, or conditions resulting therefrom, that require immediate attention. : An urgent need for help or relief. After the flood, the mayor declared a state of emergency.The primary goals of emergency planning are to reduce injuries, protect communities, and maintain business continuity. Contingency plans typically include the procedures required in the event of a crisis, a clear set of roles and responsibilities, and designated instructions to authorities regarding local emergency and recovery. An emergency is an urgent, unexpected, and usually dangerous situation that poses an imminent threat to health, life, property, or the environment and requires immediate action. Knowing which disasters are most likely to hit your business can help you get back up and running audit. A business reopening self-assessment helps assess exposure to common hazards such as hurricanes, wildfires, floods, and even cyberattacks.To learn more about emergency from the given link :
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as the system administrator for a large financial institution, you have been assigned to upgrade the laptops for the sales representatives in your company. you have installed a 2-tb ssd drive in each of the laptops for quick access and storage of large multimedia files. you have also upgraded the memory to 16 gb and made sure that all the device drivers are updated. after delivering the upgraded laptops to the sales representatives, you begin to receive calls and emails saying that saving videos and other large files to the ssd drive is sluggish and sometimes impossible. which of the following is the best first-step solution for trying to resolve the issue?
As the Systems Administrator, the best first-step solution for trying to resolve the issue is to check the processing speed of the computers as well as the versions of windows installed viz a viz whether or not they are 32 or 64 bits. When a 32-bit driver is installed on a 64-bit system, it can lead to issues.
Who is a systems administrator?System administrators, often known as sysadmins, are information technology (IT) specialists that ensure that an organization's computer systems are operational and suit its demands. Sysadmins provide assistance, troubleshooting, and upkeep for computer systems and networks.
Based on their tasks and responsibilities, the four categories of system administrators are as follows:
Administrators of networks. Network administrators oversee an organization's overall network infrastructureDatabase AdministratorsServer/Web AdministratorsSecurity Systems Administrators.System administration may not always necessitate coding. It entails total control of the computing environment. However, sysadmins may be required to code at times in order to assist software engineers or developers. As a result, learning to code is advantageous.
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a broker-dealer sells bonds to one of its customers. if the broker-dealer is a member of the syndicate, the firm is entitled to the:
A syndicate member is entitled to the extra takedown, and the concession is referred to as the full takedown. Solely the syndicate manager is entitled to the management fee.
A dealer (B-D) could be a person or firm within the business of shopping for and commerce securities for its own account or on behalf of its customers. The term dealer is employed in U.S. securities regulation expressions to explain stock brokerages because most act as each agent and principal.
After shopping for securities, like stock and bonds, dealers sell those securities to alternative investors at a worth over the shopping for worth. The distinction between their shopping for worth (bid price) and their damage (ask price) is thought because the dealer unfolds.
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What conflict management style brings freedom from entanglement in trivial issues and preserves the status quo?.
Conflict management that is accommodative in nature frees parties from becoming bogged down in unimportant matters and upholds the status quo.
What is conflict management?The way to manage conflict is to reduce its negative aspects while strengthening its positive ones. Conflict management aims to improve group outcomes for learning, such as performance in an organisational setting. A well-managed conflict may produce better outcomes for the organisation. One of three perspectives—win-lose, lose-win, or lose—can be used to approach a conflict. A disagreement that is lose-lose oriented typically results in a bad conclusion for all sides. One party is frequently favoured over the other, usually at their expense, in a win-lose mentality. The win-win method is one of the main tenets of conflict resolution.
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in what ways does a well-written job description help a firm? (check all that apply.) multiple select question. improving customer relationships determining training guidelines creating performance expectations narrowing down the list of job candidates
Deciding on training standards
Setting up performance criteria
Reducing the pool of applicants for the position
What advantages does a well-written job description offer a business?When it comes time for a performance review or evaluation, in particular, a well-written job description can help employers stay accountable to the needs and demands of a role from employees.
Which of the following describes a successful salesperson?They are self-assured.
They're constantly on.
They're not overt.
They are tough.
They are outgoing.
They pay attention well.
They are adept multitaskers.
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Exhibit 24-3 Price Quantity Refer to Exhibit 24-3. Total revenue of this profit maximizing monopolistic competitor is represented by the area OOP AQ2 OOPSEQ2 OP3P, AC OP4DQ3.
Option (A)
The monopolistic firm will set MC=MR for profit maximization so, quantity = Q2,
Price = P1
TR = Area 0P1AQ2
Option(A)
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According to your text, there is no such thing as time management. since no one can actually manage time, it suggests that what most of us think of as time management is really which of the following? self-regulation autonomous living independent goal-setting self-management a race against the clock
What most of us think of as time management is really self management
Our capacity for conscious and useful self-management of our actions, thoughts, and emotions. A person with strong self-management abilities is aware of what to do and how to behave in various circumstances. They know how to control their rage, for example, when an umpire unfairly strikes their child during a little league game.
A strong sense of self-control enables you to be more productive, makes you stand out as a valuable worker at work, and keeps you on track to reach even your most ambitious life objectives.
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capital tends to flow from high-growth to low-growth economies. true false b. government budget deficits can lead to greater capital outflows. true false c. the loanable funds model helps us understand net capital flows. true false d. differences in interest rates are the only reason for two-way capital flows. true false e. capital flows can occur because people are looking to spread their exposure to risk. true false f. capital flows can occur as part of a company business strategy. true false g. a country facing net capital inflows will run an equivalent current account surplus. true false h. capital flows tend to cause a divergence of interest rates across countries.
It is FALSE to claim that capital "tends to move from high-growth to low-growth economies."
What is capital?Liquid assets are regularly mentioned by capitalists. In other words, it's cash that you actually have in your possession and may spend on either immediate or long-term goals. In the field of finance, "economic capital" refers to the amount of risk capital that a business requires to cover the risks it is assuming or accumulating as a going concern, such as market risk, credit risk, legal risk, and operational risk.This definition focuses on financial services companies.The phrase "unexpected loss at the confidence level" is occasionally used to describe it.From high-growth to low-growth economies, capital rarely moves.As a result, it is FALSE to say that "money tends to move from high-growth to low-growth economies."
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Correct question:
Capital tends to flow from high-growth to low-growth economies.
true / false
As liv golf expands to 14 events in 2023, how much money will be available to competitors in the upcoming season?.
The LIV Golf League will include 48 players competing on 12 established team franchises for an unprecedented $405 million in prize money in the series' expansion to 14 tournaments in 2023, the circuit announced on Wednesday.
What compensation do LIV golfers receive?
The winning team will receive a total of $16 million, which will be divided among its four members. The second-place team will receive $10 million, while the third-place team will receive $8 million apiece. Even the last-place team will receive $1 million in prize money. In addition to the individual and team winnings from each event, let's take a look at how much each LIV Golf player has earned so far in 2022.Learn more about LIV golfers
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price ceilings tend to create shortages when used to bring down price to the level of marginal cost. create a price above equilibrium. reduce exploitative use of market power. bring down price in a competitive market.
Price Ceilings create shortages when used to bring down price in a competitive market.
A ceiling is an overhead interior surface that covers the higher limits of a room. It isn't always typically considered a structural element, but a completed floor concealing the bottom of the roof structure or the ground of a tale above. Ceilings can be embellished to flavor, and there are many first-rate examples of frescoes and artwork on ceilings in particular in spiritual buildings. A ceiling can also be the higher restriction of a tunnel. The maximum commonplace form of ceiling is the dropped ceiling, which is suspended from the structural factors above.
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suppose you use your credit card to buy a $400 television. your apr is 4.9%. how much interest will you owe if you pay your bill in full within the grace period? $19.60 $34.96 $66.69 $0
0$ interest you will owe, if you pay your bill of 400$ when your apr is 4.9% in full within the grace period while using your credit card.
What is a grace period for a credit card?
A grace period is the time between the end of a billing cycle and the payment due date.
You may not be charged interest during this period if you pay your balance in full by the due date. A grace period is not required by credit card companies. Most credit cards, however, offer a grace period on purchases.
If your credit card offers a grace period and you do not have a balance, you can avoid paying interest on new purchases if you pay your balance in full by the due date. If you do not pay your balance in full by the due date and lose your grace period, you will be charged interest on the unpaid portion of the balance. In addition, you will be charged interest on purchases made in the new billing cycle beginning on the date each purchase is made.
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which of the following is an assumption used in cost-volume-profit analysis? select one: a. all costs are classified as fixed or variable. b. the total cost function is linear. c. the total revenue function is linear. d. all of the above.
All costs are classified as fixed or variable , all costs are classified as fixed or variable, all costs are classified as fixed or variable . D all of the above.
What does cost-volume-profit analysis mean?
Finding out how changes in variable and fixed expenses impact a company's profit can be done using a cost-volume-profit (CVP) analysis. Companies can utilize CVP to determine the number of units they must sell to achieve break-even (cover all costs) or a specific minimum profit margin.What three components make up a CVP analysis?
Identifying the impact of changes in variable and fixed expenses on profitability is the goal of a CVP analysis.
Cost, sales volume, and price are the three key factors.
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managers today are most likely to work on which of the following diversity issues?
a) Trying to make sure that their workforce reflects the racial makeup of the neighborhoods that surround them
b) Trying to make sure that they have more than just a token presence of minority employees in their companies
c) Looking for ways to use the diverse skill sets brought the company by a wide variety of diverse employees
d) Trying to make sure that they find tests that do not unfairly discriminate against African-Americans
Answer:
Looking for ways to use the diverse skill sets brought to the company by a wide variety of diverse employees.
Explanation:
Managers today are most likely to work on c) Looking for ways to use the diverse skill sets brought the company by a wide variety of diverse employees.
A manager is an character inside an business enterprise who's in price of coordinating the efforts of people or the allocation of sources. As such, a manager is person who undertakes management sports.
The primary function of the supervisor is to co-ordinate the work of all the personnel within the organization and to result in the great consequences that ensures the growth of the enterprise. there are various roles and responsibilities that managers keep in an effort to bring about the high-quality consequences from the employees.
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transfer prices a.can be set as low as variable costs. b.are used to motivate managers. c.may be used for cost, profit, and investment centers. d.all of these choices are correct.
Transfer prices can be d. all of these choices are correct.
When commodities are transferred between divisions of the same business, transfer pricing accounting is used. When billing another division, or subsidiary, a transfer price is calculated based on market rates. By adding a margin to the cost, which is done by compiling the standard cost of a component and adding the usual profit margin, they can be set as low as variable costs.
When decentralized units are set up as cost, profit, or investment centres, transfer prices may also be used. Further, these prices are used by firms to reduce the parent firm's overall tax burden, which also helps to motivate the managers as the process comes in synchronization.
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suppose regulators of a natural monopoly want to regulate prices such that the monopoly will earn normal profits. the regulator should set prices equal to .
The regulator should set prices equal to Average cost
The term "average cost" refers to the price per unit produced throughout a production run. It represents the typical amount of money used in the manufacture of a good. This sum may vary based on the number of units produced. The average cost normally goes down as production volume increases as the firm employs increasing efficiencies.
The remaining inventory items are counted at the conclusion of an accounting period using the average cost approach, which computes a basic average of all comparable goods in inventory regardless of when they were purchased.
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founded in 1960, the organization of petroleum exporting countries (opec) is an intergovernmental organization of 14 nations that meets periodically in order to establish oil production quotas for each individual nation, resulting in greater profits overall. however, opec has a history of failing to enforce its own quota limits. consider a simplified example with just two countries: venezuela and kuwait. currently, both countries are producing 2.5 million barrels per day. if both countries agree to cooperate with each other, they will each restrict output to 2 million barrels per day, causing the price of oil to rise. if one of the countries defects from the agreement, it will produce 2.5 million barrels and total output will rise from 4 million barrels to 4.5 million barrels. as a result, the price will fall slightly. if both nations defect from the agreement, each nation will again produce 2.5 million barrels and the price will fall to the original level. the payoffs for each possible outcome are illustrated in the accompanying payoff table.
The given payoff matrix shows that the highest collective profit is $120 million. This is achieved when both Venezuela and Kuwait cooperate.
So, In terms of their collective profits, the best outcome for Kuwait and Venezuela is that both nations cooperate.
The net payoff is the income or loss from the sale of an object or carrier after the prices of promoting it, any extra fees associated with the asset or experienced over the existence of the asset, and associated accounting losses have all been subtracted. The quantity that remains is taken into consideration to be the internet payoff.
Payoff loans are meant for one unique purpose: debt consolidation. In case you're seeking to consolidate credit score card debt and want to simplify your bills, lock in a decreased interest rate, or decrease your monthly payments, Payoff might be very good in shape.
Payoffs and profits at Expiration The payoff at expiration is the dollar amount the investor receives at expiration from following the options approach. The profit at expiration is the payoff, minus the value of setting up the method.
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Question 1 of 10
Which of the following best describes what a manager does?
Answer:
Explanation:
Manager is responsible to integrates all the activities which are performed in an organisation. In other words, he has to co-ordinate the talents of people working under him for the purpose of achieving the organisational goals. The role of a manager gets much importance than other executives in an organisation.
analyzing and interpreting footnote on operating and capital leases verizon communications inc. provides the following footnote relating to adoption of the new lease accounting standards (topic 842) in its 10-q report for the quarter ended march 31, 2019. the cumulative after-tax effect of the changes made to our condensed consolidated balance sheet for the adoption of topic 842 were as follows: adjustments ($ millions) at dec. 31, 2018 due to topic 842 at jan. 1, 2019 prepaid expenses and other $6,544 $(395) $6,149 operating lease right-of-use assets - 27,889 27,889 other assets 14,060 (2,458) 11,602 accounts payable and accrued liabilities 22,501 (3) 22,498 other current liabilities 8,239 (2) 8,237 current operating lease liabilities - 3,517 3,517 deferred income taxes 33,795 139 33,934 noncurrent operating lease liabilities - 23,044 23,044 other liabilities 13,922 (1,815) 12,107 retained earnings 52,250 492 52,742 noncontrolling interests 1,878 1 1,879 rent expense for operating leases is recognized on a straight-line basis over the term of the lease and is included in either cost of services of selling, general and administrative expense in our condensed consolidated statements of income, based on the use of the facility on which rent is being paid. what is the amount of the right-of-use asset the company added to its balance sheet upon adoption of the new standard?
The amount of right-of-use asset the company added to balance sheet upon adoption of the new standard is $22,498.
What is a balance sheet?One of the three basic financial statements and a critical component of accounting and financial modeling is the balance sheet. The balance sheet shows the total assets of the business as well as the method by which those assets are financed—debt or equity. As a statement of net worth or financial position, it has additional names. Thus, there are two sides to the balance sheet. A company's assets are listed in full on the balance sheet's left side. Liabilities of the business and shareholder equity are shown on the balance sheet's right side. Both the current and non-current (long-term) assets and liabilities are divided into these two groups.
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The task environment consists of elements that influence a given organization. Which of the following would be part of the task environment of a media company that makes videos? Check all that apply. a. Social values around family-friendly content b. Trade agreements governing export of videos c. Consumers of video content d. Suppliers of cameras and lights
As the task environment consists of elements that influence a given organization, the part of the task environment of a media company that makes videos includes:
C. Consumers of video contentD. Suppliers of cameras and lights.What is the task environment?Also known as an external environment, are the segment of an organization which affects its ability to reach business goals. Any firm with direct involvement with an organization may be part of the task environment. Some examples include, competitors, customers, suppliers and labour supply.
In a typical firm, the task environment are important because it Identifies sectors with a direct influence on organization
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