The presentation, housing expenses should not exceed of the following percentages of monthly income 30.
Briefing:-The most widely used guideline for figuring out how much you can afford to spend on housing is that it shouldn't be more than 30% of your gross monthly income, which is your entire income before any taxes or other deductions are made. Rent and utility expenditures, such as heat, water, and electricity, are included in that 30% for renters.
What does the housing 20% rule entail?For instance, personal financial professionals advise spending no more than 30% of your income on housing. 20 percent of your income is still available to pay for other necessities. It may be challenging to maintain your rent or mortgage payment under 30 percent of your gross income depending on where you live.
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18) which of the following represents total saving for an economy? a) the sum of private saving and fixed investment b) the sum of private saving and consumption c) the sum of taxes and government spending d) the excess of taxes over government spending e) none of the above
Which of the following represents total saving for an economy: e) none of the above.
What is an economy?An economy can be defined as a function of how the various means of production, money, including scarce resources and raw materials are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to meet the unending needs or requirements of consumers.
What is total saving?In Economics, total saving can be defined as a sum total of the periodic contributions that are to be made by individuals under a given savings contract, as well as the bonuses that are payable to all qualified beneficiaries.
In conclusion, the total saving for an economy can be calculated by dividing the excess of national income by both consumption and taxes.
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which of the following is not an example of globalization? a. mcdonald's expansion into china b. fifa (international federation of association football). c. the worldwide dominance of english d. japanese cars assembled in thailand
Tariffs imposed on foreign automobiles is not an example of globalization.
Tariffs are not imposed on foreign automobiles rather they are imposed on domestic consumers while importing products. Although domestic consumers pay tariffs rather than the exporting nation, they have the effect of increasing the relative pricing of imported goods.
Globalization is the interaction and integration of individuals, organisations, and governments on a global scale. The expansion of international trade and the sharing of ideas, beliefs, and cultures are both results of the increase in global relationships. Globalization largely involves economic connection and integration, but it also has social and cultural implications.
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Complete question is:
Which of the following is NOT an example of globalization?
McDonald's expansion into China
FIFA (International Federation of Association Football)
the worldwide dominance of English
Japanese cars assembled in Thailand
tariffs imposed on foreign automobiles
Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
Alex purchases a computer from Dell, and it is delivered by Fed Ex. When thrown, the PC suffers damage. No, because ownership of the object passes to the buyer the moment a common carrier gets it.
A private or public organisation that moves people or products from one location to another for a fee is referred to as a common carrier under U.S. law. Public utilities and telecommunications services are also referred to using this phrase.
A company or organisation that provides transportation services for people, commodities, or communications to the general public
the act of moving people or things from one location to another using a variety of ways is called transportation. An indicator of civilization and particularly of technical advancement is the increase in the capacity—and the requirement—to move vast amounts of cargo or big populations over great distances at high speeds in safety and comfort.
Numerous articles discuss transportation. See energy conversion to learn about the main forms of propulsion utilised in contemporary modes of transportation. See military technology for details on vehicles used in combat.
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. advocates of trade barriers suggest that barriers to trade are needed for national security, job creation, and to: question 2 options: a) protect producers who are just starting out so that they can become more established. d) increase tariff revenue for government. b) eliminate the need for governments to become involved in the trade discussions. c) enhance the comparative advantage nature of trade.
Advocates of trade barriers suggest that barriers to trade are needed to protect producers who are just starting out so that they can become more established.
A barrier to trade could be a government-imposed restraint on the flow of international merchandise or services. Those restraints are generally obvious, however, are most frequently delicate and non-obvious.
The most direct barrier to trade is an embargo– a blockade or political agreement that limits a remote country’s ability to export or import. Embargoes still exist, but they're troublesome to enforce and don't seem to be common except in things of war.
The most typical barrier to trade is a tariff–a tax on imports. Tariffs raise the worth of foreign goods relative to domestic goods . Another common barrier to trade is a government subsidy to a specific domestic industry. Subsidies build those merchandise cheaper to provide than in foreign markets. This ends up in a lower domestic price. each tariff associated with a degree subsidy raises the worth of foreign goods relative to domestic goods, which reduces imports.
Barriers to trade are usually known as “protection” as a result of their declared purpose is to defend or advance particular industries or segments of an economy.
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eugene delacroix is ready to purchase a new suit. It regularly sells for $132.45, but is on sale for $89.95. What is the markdown?
A suit ready to be purchased by Eugene Delacroix with a regular price of $132.45 is on sale for $89.95, the markdown on this suit is 47.25%.
Markdown on any sales item is calculated by the difference between the regular price and the sale price of the item divided by the actual or sale price.
According to the question, the suit regularly sells for $132.45 but is on sale for $89.95. So, the difference between the regular price and the sale price is $42.5. To calculate markdown, The difference between the prices is divided by the actual price.
Markdown percentage = (42.5 ÷ 89.95) × 100 = 47.25%
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Maryann and nana conduct surveys with closed-ended questions asking customers to rank and rate their potential new menu items. These surveys will provide maryann and nana with what type of data?.
Maryann and nana conduct surveys with closed-ended questions asking customers to rank and rate their potential new menu items. These surveys will provide maryann and nana quantitative, primary data
In sales, trade, and economics, a customer is the person who receives an item, service, product, or idea from a seller, vendor, or supplier in exchange for money or another useful consideration. A customer is also referred to as a client, buyer, or purchaser.
Clients are those who receive individualized advice and solutions, while customers are typically said to be the ones who purchase goods and services. Although these distinctions have no contemporary semantic weight, businesses like law firms, film studios, and healthcare providers tend to prefer client, whereas supermarkets, banks, and restaurants tend to prefer customer.
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You’ve decided to give the department with the most participation in the united way campaign a pizza party. When you ask your supervisor for the funding for the pizza, what reason do you give to support your decision?.
Goals can be a source of motivation for employees, especially when they come with rewards, like the pizza party in this example. This is the justification you give for your choice.
Setting goals helps employees stay motivation for employees because, if they succeed, they justification will receive recognition and rewards. This in turn inspires the other staff members and contributes to the expansion of the company. Goals and Motivation There is a strong relationship between goals and motivation.
One of the most influential and useful motivation for employees of motivation is the theory of goal-setting. In fact, it received the highest ranking (out of 73 ideas) in a survey of justification organizational behavior scholars (Miner, 2003). Setting goals is strongly associated with performance increases, according to the idea, which has received support from over 1,000 studies involving individuals from the blue-collar to the research and development industries.
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in a market economy, small businesses pay taxes to contribute to the goods and services provided by the government that benefit all people—like highway maintenance, mail service, and fire protection. these goods and services are known as:
in a market economy, small businesses pay taxes to contribute to the goods and services provided by the government these goods and services are known as Public expenses.
Small businesses pay taxes in a market economy to contribute to government goods and services that benefit everyone, such as highway maintenance, mail delivery, and fire protection. These goods and services are known
A market economy is one in which the distribution of resources and the prices of products and services are determined by market forces, chiefly supply and demand. Market economies feature little government intervention, enabling private ownership to control all commercial decisions concerning how a corporation is run.
The output of an economic system is goods and services. Goods are tangible items sold to clients, whereas services are duties performed for the benefit of the beneficiaries. Automobiles, appliances, and apparel are all examples of goods. Legal advice, house cleaning, and consulting services are all examples of services.
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neema has an hour of free time she can spend doing one of three activities. spending the hour reading would give her a utility of 4, playing video games would give her a utility of 2, and jogging would give her a utility of 6. based on this information, economists could predict that neema will:
According to the information, economists could predict that jogging would provide her utility.
Utility is a concept used in economics to represent worth or value. Its application has drastically changed over time. Philosophers of morality like Jeremy Bentham and John Stuart Mill first used the phrase to describe a measure of pleasure or happiness as part of their utilitarianism thesis. Within neoclassical economics, which dominates contemporary economic theory, the phrase has been modified and repurposed to refer to a utility function that expresses a single consumer's choice ordering over a set of options but is not comparable across individuals. This concept of utility is more precisely defined than the original definition but is less helpful for making ethical decisions because it is personal and relies on choice rather than on pleasure experienced.
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a set of three or more companies directly linked by one or more of the upstream and downstream flows of products, services, finances, and information from a source to a customer is called . multiple choice question.
Supply Chain refers to a group of at least three businesses that are directly connected by at least one of the upstream and downstream flows of goods, services, money, and information from a source to a client.
The term "goods" in economics refers to things that fulfill human needs and offer utility, such as to a customer buying a fulfilling product. The terms "transferable commodities" and "transferable services" are frequently used interchangeably. A good is said to be "economic" if it is helpful to people but is also difficult to come by given the demand for it. In contrast, free goods—like air—are always available and don't require any deliberate effort to obtain.
Private goods are items that people own and use regularly, such as televisions, couches, wallets, cell phones, and nearly anything else that isn't a food item.
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our campaign recently doubled its attributed revenue on half of its typical purchase volume, while media spend also doubled in the same time period. what happened to roas and average order value (aov)?
When the campaign recently doubled , the effect on ROAS and Aov will have ROAS increased 2x, AOV increased 2x
The revenue doubled and the add spent also doubled
Option A is correct .
What's a 2x ROAS?Principally, this means that you 2x every bone that you spend on your advertisements. In this case, we are looking at ROAS using a multiple, but you can also calculate ROAS and express it as A chance( 200) A rate( 21), or. A bone quantum($ 2)
Return on advertising spend :Return on advertising spend( ROAS) is an important crucial performance index( KPI) in online and mobile marketing. It refers to the quantum of profit that's earned for every bone spent on a crusade.
Average order value :The Average Order Value is calculated by dividing the total profit by the number of orders placed. frequently, this metric will be calculated yearly( i.e. total profit from the month divided by total orders placed that month), but it can also be calculated daily or indeed daily.
Question is incomplete, missing part is given below :
The campaign recently doubled its attributed revenue on half of its typical purchase volume, while media spend also doubled in the same time period. What happened to ROAS and Average Order Value (AOV)?
a. ROAS increased 2x, AOV increased 2x
b. ROAS stayed the same, AOV increased 2x
c. ROAS stayed the same, AOV increased 4x
d. ROAS increased 4x, AOV increased 2x
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fitzgerald oil and gas incurred costs of $9.24 million for the acquisition and development of a natural gas deposit. the company expects to extract 4.00 million cubic feet of natural gas during a four-year period. natural gas extracted during years 1 and 2 were 800,000 and 900,000 cubic feet, respectively. what was the depletion for year 1 and year 2?
$1804000 is the depletion in Year 1.
$2024000 is the depletion in Year 2.
Depletion expenses per cubic feet=Cost incurred/No. of cubic feet extracted
Depletion expenses per cubic feet
9240000/4200000 = 2.2
Year 1 Depletion
820000*2.2 = $1804000
Yer 2 Depletion
920000*2.2 = $2024000
The depletion rate is a price against income for the usage of natural sources.
The depletion concept is most commonly used in the mining, wooden, and oil and gasoline industries, where exploration and development prices are capitalized, and depletion is wanted as a logical system for charging these charges to fees.
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luna pharmaceuticals inc. (lpi) recently made a sale to a foreign trading partner, but the customer does not need to make a payment for 30 days. lpi wants assurances that payment will be made in full before it makes shipment. which type of short-term debt security should lpi and other firms in a similar situation use to remedy this situation?
The short-term debt security that will be provided to give LPI assurances in the short term is called "A Bankers Acceptance" (Option B)
What is a Bankers' Acceptance?A banker's acceptance is an instrument that represents a bank's promise to make a future payment. The bank accepts and guarantees the payment as a time draft drawn on a deposit. The draft states the amount of money, the date of payment, and the entity owing the money.
A banker's acceptance is a type of payment guarantee used in international trade. For example, if an importer wishes to bring a product from another nation, he will frequently get a letter of credit from his bank and submit it to the exporter.
The acceptance of the banker permits commerce between the two anonymous users. Furthermore, it contributes to the development of trust between commercial organizations. The exporter is assured of payment, while the importer is assured of timely delivery of products.
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Full Question:
Luna pharmaceuticals inc. (LPI) recently made a sale to a foreign trading partner, but the customer does not need to make a payment for 30 days. LPI wants assurances that payment will be made in full before it makes shipment. which type of short-term debt security should LPI and other firms in a similar situation use to remedy this situation?
A) A commercial Paper
B) A Banker's Acceptance
C) A Eurodollar Deposit
D) A negotiable certificate of deposit
E) A Money market mutual fund
if a check correctly written and paid by the bank for $512 is incorrectly recorded in the company's books for $443, how should this error be treated on the bank reconciliation?
This error is treated on the bank reconciliation by subtracting $69 from the book balance.
In secretary, a bank conciliation is a process by which the bank account balance in a reality’s books of account is conformed to the balance reported by the financial institution in the most recent bank statement. Any difference between the two numbers needs to be examined and, if applicable, remedied. Bank Reconciliation is an important process in accounts in which associations match their bank statements with the deals that are recorded in their general tally. Preparing a bank conciliation statement helps businesses to exclude possible crimes in deals or bookkeeping.
There are five primary types of account conciliation bank conciliation, seller conciliation, business-specific conciliation, intercompany conciliation, and client conciliation.
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proactive companies are: multiple choice much more likely to be blindsided by crises and negative surprises. just as likely to be blindsided by crises and negative surprises. much less likely to be blindsided by crises and negative surprises. much more likely to be forced to defend themselves.
Proactive companies are much less likely to be blindsided by crises and negative surprises.
In the field of business, proactive companies can be described as kind of companies that focus on future strategies and also interpret and resolve difficulties that might arise in the future.
Where most of the companies are focused on achieving present-time goals, proactive companies focus on future goals and problems as well.
Hence, proactive companies are less likely to suffer from any kind of negative crises or surprises as they are prepared for the future.
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consider the following alternatives: i. received in one year ii. received in years iii. received in years a. rank the alternatives from most valuable to least valuable if the interest rate is per year. b. what is your ranking if the interest rate is only per year? c. what is your ranking if the interest rate is per year?
from the given alternatives
for A: Option two is > Option three is >option one.
for B: option three is > option two is > option one.
for C: option one is >option two is > option three.
Present value is computed as follows:
= Future value / (1 + r)n
a. Present value of option i is computed as follows:
= $ 120 / 1.09
= $ 110.09 Approximately
Present value of option ii is computed as follows:
= $ 220 / 1.095
= $ 142.98 Approximately
Present value of option iii is computed as follows:
= $ 310 / 1.0910
= $ 130.95 Approximately
So, the ranking will be as follows:
Option ii > Option iii > Option i
b. Present value of option i is computed as follows:
= $ 120 / 1.04
= $ 115.38 Approximately
Present value of option ii is computed as follows:
= $ 220 / 1.045
= $ 180.82 Approximately
Present value of option iii is computed as follows:
= $ 310 / 1.0410
= $ 209.42 Approximately
So, the ranking will be as follows:
Option iii > Option ii > Option i
c. Present value of option i is computed as follows:
= $ 120 / 1.20
= $ 100
Present value of option ii is computed as follows:
= $ 220 / 1.205
= $ 88.41 Approximately
Present value of option iii is computed as follows:
= $ 310 / 1.2010
= $ 50.07 Approximately
So, the ranking will be as follows:
Option i > Option ii > Option iii
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the small country of benin has many international trading partners between not only countries close by, but also larger countries such as the u.s. what is one of the benefits that benin receives from lowering its trading barriers?
One of the benefits is that workers and firms in the country can now specialize in areas because other goods and services are found through trade.
Following the global financial crisis, weak productivity growth in many advanced and developing market economies is raising questions about future development prospects.
According to recent study, lowering restrictions on international trade and foreign direct investment (FDI) could increase output and productivity.
Lowering trade barriers has been a stale effort, but a campaign for new deals hopes to change that.
Productivity and growth are at the top of policymakers' agendas thanks to the recent Trans-Pacific Partnership (TPP) agreement between the United States, Japan, and 10 other Pacific Rim nations as well as the ongoing Transatlantic Trade and Investment Partnership (TTIP) talks between the U.S. and Europe.
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nikita enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and selling for $969. at this price, the bonds yield 8.1 percent. what must the coupon rate be on the bonds?
The coupon rate is 4.51%.
Let coupon payment be x
Par value = 1000
Price = Discounted value of future expected cashflow (bond will pay a coupon of x every year and par value at maturity)
962 = x/(1.051)^1 + x/(1.051)^2 + x/(1.051)^3 + x/(1.051)^4 + x/(1.051)^5 + x/(1.051)^6 + x/(1.051)^7 + ( x + 1000)/(1.051)^8
By solving we get x = 45.1
We can also find coupon amounts using the PMT function in excel that has input as (YTM,n,-PV,fv)
Coupon rate*par value = Coupon amount
Coupon rate = 45.1/1000 = 4.51%
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the executives of anaplan inc., a large conglomerate, are making decisions on the stages of the industry value chain the firm must participate in, the range of products and services it should offer, and the global markets it should compete in. what are the executives primarily determining?
The range of products and services it should offer, and the global markets it should compete in. The boundaries of the firm are the executives primarily determining.
Global marketing is described as "marketing on a global scale harmonizing or taking global operational differences, similarities and opportunities to achieve global objectives." Marketing goods, services, and solutions to clients locally, nationally, and worldwide falls under the umbrella of global marketing, a subfield of general business management.
When a company operates worldwide or across international borders, they are using marketing principles internationally. A company can enter the market by exporting its goods to other countries, entering the market through a joint venture with another company domestically, or by attracting foreign direct investment. The growth of the Global marketing mix is dependent on international marketing.
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using intermediaries or go-between firms to provide the knowledge and contacts necessary to sell overseas is usually associated with group of answer choices indirect exporting. direct exporting. franchising. licensing.
Using intermediaries or go-between firms to provide the knowledge and contacts necessary to sell overseas is usually associated with Indirect exporting.
What is Indirect exporting?If it comes to international trade, an export is a good made in one nation and sold in another, or a service rendered in one nation to a person or resident of another one. The person who provides these products or services is an exporter; the overseas customer is an importer. Financial accounting, and other professional services, tourism, education, and intellectual property rights are all examples of services that are involved in international commerce. Direct and Indirect exporting is the part of export.
In indirect exporting, the producer uses an export intermediate agency's services to export his products via middlemen.
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when an economy is operating at a point on its production possibilities frontier, then group of answer choices consumers are content with the mix of goods and services that is being produced. there is no way to produce more of one good without producing less of the other. equal amounts of the two goods are being produced. all of the above are correct.
When an economy is operating at a point on its production possibilities frontier, then consumers are content with the mix of goods and services that are being produced.
The PPF captures the concepts of scarcity, choice, and tradeoffs. The shape of the PPF relies upon whether there are growing, lowering, or consistent charges.
Points that lie at the PPF illustrate combos of output that might be productively efficient.
The basic assumptions of the manufacturing possibility curve are: The assets are given and continue to be consistent. The era used inside the production method remains regular. The sources and technology are fully and efficiently utilized.
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What are the two examples john elliott used to explain ethical dilemmas in the banking business?.
The two example John Elliott used to explain ethical dilemmas in the banking business is the Conflicts of interests and suppressing financial information
What causes ethical dilemma in business?
Ethical dilemmas occurs because ethics are inherently contradictory. Employees can sometimes face situations where compromising on telling the truth seems to serve other valued goals, like maximizing profits or avoiding layoffs.
Why is it important to identify your ethical dilemma?An identification of ethical dilemmas will provide you a better idea of how you may resolve them should before they arise. Prompt resolution of ethical dilemmas ensures proper operations, keeps employee morale high, improves the strength of leadership, and enhances the public profile of companies.
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the short run is a period that is: less than one week. less than one month. long enough in which to vary output but not plant capacity. long enough in which to make all economic adjustments.
The short run is a period that is long enough to vary output but not include plant capacity.
So, the correct option is C.
In the short run, which is a term frequently used in economics, one input is fixed while the others are changeable. The reason for the variety in the inputs is that not all of them could be modified in the time given; as a result, some inputs were fixed while others were altered.
The idea of the short run asserts that, for a specific period in the future, at least one input will be fixed while the rest will be variable. It conveys the notion that an economy behaves differently depending on how long it has to respond to particular stimuli.
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jacob opened a money-market account. in the first month, he made an initial deposit of $500. he plans to contribute $75 a month after his initial deposit. the account does not pay any interest. after how many months will he have a total of $1,475?
After 13 months Jacob will have a total of $1475 .
Money market account :
A money market account is an interest- applying account that you can open at banks and credit combinations. They're veritably analogous to savings accounts, but they offer some checking account features as easily. Money market accounts are different from money market collective finances.
Simplifying the calculation :Let us assume it takes 'x' months .
Now the initial deposit = 500 dollar
The monthly deposit = $75
Therefore , we have
500 + ( 75 × X) = 1475
75x = 1475 - 500
75x = 975
x = 975 ÷ 75
x = 13
Hence after 13 months Jacob will be having total of $1475.
Initial deposit :
A minimum deposit or original deposit is the minimum quantity of money needed to open an account with a fiscal institution, similar as a bank or brokerage establishment.
What's a money market account good for?Money market accounts are analogous to savings accounts in that they're initially designed for storing redundant money down while earning interest. still, they also come with some checking account features, comprehending the capability to write checks.
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a toaster oven company is trying to project future market trends for its industry. in order to see industry-wide information, data, and projected trends, what is the best type of secondary research vehicle this company should use?
Industry associations and professional journals are the best type of secondary research vehicle this company should use.
A sort of study called "secondary research" refers to information that has already been obtained, arranged, and published by someone else. Reports and studies from governmental organizations, professional associations, and other companies operating in your sector are included. So for approaching Industry-wide information the toaster oven company can depend upon associations and journals which is the best secondary research method.
Books, personal sources, journals, newspapers, websites, government documents, and other sources are examples of secondary data sources. There are several locations where you can get secondary data for free. These include both internal and external sources, including business sales and analytics data, sector-or government-specific publications, and publicly available market research polls.
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as a project manager, you believe limited access to the necessary people and equipment could cause the project to go past deadline. which organizational topic could you discuss with your key stakeholder to get the project back on track?
To get a delayed project back on track, the project manager can start with solutions which they can authorize, increasing project control and organization.
A project manager can overcome project delays with new deadlines, prioritization, and communication of the same. So, in order to avoid project delay, a project manager and her team should set out clear goals at the very beginning for all the team members, with everyone's role and responsibilities clearly assigned.
So, it is quite essential that the project manager develops an effective schedule in order to develop the project, which is thus according to the scope and available resources in the organization.
Hence, it is important that risk management plans are developed.
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in general, the optimal level of pollution to either prevent or to clean up occurs where the marginal benefit of preventing pollution(one word) the marginal cost of preventing pollution.
In general, the optimal level of pollution to either prevent or to clean up occurs where the marginal benefit of preventing pollution equals the marginal cost of preventing pollution.
What is pollution?Pollution simply refers to the contamination, destruction, or physical degradation of an environment, especially through the littering of waste products (garbage) by humans or an emission of hazardous chemical compound (substances) by various industries.
What is marginal cost?Marginal cost can be defined as the additional amount of money that is paid by a business firm for the production of an additional unit of a good (product) or service.
Generally speaking, we can reasonably infer and logically deduce that an optimal level of pollution in either preventing or cleaning up a physical environment typically occurs at the point where the marginal benefit (MB) of preventing pollution is equal to the marginal cost (MC) of preventing pollution.
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a 20-year old property sells for $240,000. if the lot is worth $100,000 and the building would cost $200,000 to reproduce, what is the annual rate of depreciation as indicated by the market?
2% is the annual rate of depreciation as indicated by the market.
First, we have to determine the value of the structure since the land can never be depreciated.
The cost of the old property is given as $240,000 and the cost of the lot is given as $100,000. Therefore, the value of structure can be calculated as,
The useful life of an asset= Cost of property-Cost of lot
=240,000$-100,000$
=140,000
Therefore, the residual value is 140,000$
By using straight-line type depreciation, since the building costs $200,000(cost of asset) it can be determined as,
Here, Depreciation= Cost of an Asset – Residual Value/Useful life of an Asset
$200,000-$140,000
=60,000
So, the building is depreciated by $60,000 since it was built. Now, this is equated per year as the year given is 20.
Therefore, Annual depreciation amount=depreciation value/year
=60,000/20
=3000
So, $3000 is the annual depreciation but here we have to find the annual rate of depreciation and it can be determined by dividing the annual depreciation by the value of the structure. That is,
Annual rate of depreciation = Annual depreciation amount/cost value of structure. That is,
3000/140,000
=0.02
Therefore it is calculated by the market indication as a 2% annual rate of depreciation.
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a trade association is a type of – because only businesses, not individuals, can constitute the membership. the sierra club is an example of a – due to its more than two million individual members.
Trade associations fall under the category of peak associations since only corporations, not individuals, may join. The Sierra Club, that has more than 2 million individual members, is just a sample of a mass association.
Peak associations refer to specific organisational kinds since they effectively represent the largest groups in a nation for that organization's field of interest. They are typically created to provide standards and procedures, or to represent all representatives when lobbying government officials or advancing the interests of the members.
Mass association is refers to a group or assembly of individuals and not organizations, each individual speaks for himself and not on behalf of an organization.
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question content area use the adjusted trial balance for stockton company to answer the question that follows. stockton company adjusted trial balance december 31 determine the total asses
Current Assets is $9,330 using the adjusted trial balance for Stockton Company which can be reasonably expected to be used during the current fiscal year.
Using the adjusted trial balance for Stockton Company:
Current Assets = Cash + Prepaid Expenses + Accounts Receivable
= $6,530 + $700 + $2,100
= $9,330
A current asset is defined in accounting as any asset that can be reasonably expected to be sold, consumed, or exhausted during the current fiscal year, operating cycle, or financial year.
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Account No. Debit BalancesCredit BalancesCash116,530 Accounts Receivable12 2,100 Prepaid Expenses13 700 Equipment18 13,700 Accumulated Depreciation19 1,100Accounts Payable21 1,900Notes Payable 22 4,300Bob Steely, Capital31 12,940Bob Steely, Drawing32 790 Fees Earned41 9,250Wages Expense51 2,500 Rent Expense52 1,960 Utilities Expense53 775 Depreciation Expense54 250 Miscellaneous Expense59 185 Totals 29,49029,490
Use the adjusted trial balance for Stockton Company. Determine the current assets.