The accounts of off-balance sheet assets do not appear in the balance sheet of a business organization.
What are off-balance sheet assets?The assets which are certain for a business, but are not allowed to be recorded in the balance sheet as per the accounting standards, are known as the off-balance sheet assets.
Hence, the significance of off-balance sheet assets is given above.
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Seven years ago, you paid $324,800 to purchase a rental house. the maintenance expenses average $200 a month and property taxes are $4,800 annually. the house was recently appraised at $439,500. if you sell the house you will incur $14,200 in selling costs. if you decide to use the house as your office, what value should you assign it
The value that would be assigned to this house if you decide to use it as your office would be $ 425300
How to solve for the value of the house using opportunity costTo get the value of the house, you have to get the opportunity cost of the house. This is the foregone alternative or benefits forgone due to another choice.
The formula is opportunity cost = Apprised Value - Selling costs
The apprised value = $439,500.
selling cost = $14,200
$439,500 - $14,200
= $ 425300
Hence the value that should be assigned to it is $ 425300
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5 strategies for keeping a job
In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Operating expenses $ 719,000 Interest revenue $ 32,000 Cost of goods sold 1,255,000 Loss on disposal of plant assets 16,000 Interest expense 70,000 Net sales 2,199,000 Income tax expense 44,000 Other comprehensive income (net of $1,200 tax) 8,200 1. Prepare a comprehensive income statement.2. Prepare a multiple-step income statement.
The Multiple Income Statement is $127,000.
Multiple Income Statement
Multiple Income Statement For the Year Ending Dec. 31, 2022
Particulars Amount ($)
Net sales 2,199,000
Less: Cost of goods sold 1,255,000
Gross profit 944,000
(2,199,000-1,255,000)
Less: Operating expenses 719,000
Operating income 225,000
(944,000-719,000)
Other revenue:
Interest revenue 32,000
Other expenses and losses:
Interest expense 70,000
Add: Loss on disposal of plant assets 16,000
Total other expenses and losses 86,000
(70,000+18,000)
Income before tax 171,000
(225,000+32,000-86,000)
Less: Income tax expense 44,000
Net income 127,000
(171,000-44,000)
Therefore the Multiple Income Statement is $127,000.
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A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of useful data by the end of the month, they recognize that the data is insufficient. So, they decide to wait until the end of the season to begin working with the dataset. Which type of insufficient data does this example describe?
The type of insufficient data does this example describe is: Data that keeps updating.
Who is a data analyst?A data analyst can be defined as a person that help to collect data or information so to discover information that may be use during decision making process.
In as situation where their is insufficient or enough data despite having useful data this means that keeps updating.
Therefore this is an example of Data that keeps updating.
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Owen's firm runs their critical applications in a public cloud. recently, their launch of a new product resulted in a surge of customer orders, but they were unable to ramp up their computing capacity fast enough, and some customer's experienced problems. this demonstrates which common issue with public cloud computing
The given scenario demonstrates the common issue with public cloud computing of Wide variations in performance over time
What is Public Cloud Computing?This refers to the IT model that makes use of computing services that are run by a third party and is available to the public for use.
Hence, we can see that based on the given description, Owen's firm runs their critical applications in a public cloud but they experienced fluctuations as some users were unable to effectively use it and this shows the wide variations in performance over time.
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Lola is in the process of selecting a campaign type to suit her business objectives. Why is it important that she consider business objectives before choosing her campaign type?
Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.
What are Business Objectives?Business objectives provide you the ability to monitor yourself and what kind of progress you are making. They offer a vital test that maintains you from turning blinded by your bias.
Objectives additionally assist to evaluate the personnel, in addition, to allowing personnel compare themselves.
Therefore, Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.
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Currently, the leadership trend is to empower employees. When a leader empowers employees, that leader is giving them: Multiple choice question. direction and steps to accomplish organizational goals exact orders about what to do as much freedom as possible to become self-directed and self-motivated less authority to make decisions
As much freedom as possible to become self-directed and self-motivated is When a leader empowers employees, that leader is giving them.
What is the advantage of the self-motivated employees?Self-motivate employees are the best performer in the organization as they are highly charged and devoted towards the company, so they tried to give their best in every aspect. They are more loyal towards their leaders as they both have trust relationship between each other.
Thus, option C is correct.
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When the plan to advertise in developing countries on the sides of buses fell through because of legal barriers, Mya brought her team together and charged them with coming up with a substitute advertising channel. She gave them the full authority to solve the problem and implement the solution. Mya is a manager who practices _______ with her employees.
Mya is a manager who practices intellectual stimulation with her employees.
What is intellectual stimulation?Intellectual stimulation can be defined as a form of leadership style in which a manager (leader) encourages innovation and creativity among his or her subordinates (employees), as well as critical thinking and problem-solving skills.
In this context, we can infer and logically deduce that Mya is a manager who practices intellectual stimulation with her employees because she gave them full authority to solve the advertising problem and implement the solution.
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The accounting information of a privately held company is generally available to all of the following except for Group of answer choices competitors governmental agencies investors creditors and lenders
The accounting information of a privately held company is generally available to all of the following except for A. Competitors.
What is a privately held company?A privately held company is a private company.
It does not sell its stock or shares to the public.
Examples of privately held companies include:
Sole proprietorshipsLimited liability corporations (LLCs)S corporations (S-corps)Some C corporations (C-corps).Thus, the accounting information of a privately held company is generally available to all (governmental agencies, investors, creditors, and lenders) except for A. Competitors.
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Which is a private, not-for-profit organization that assesses the quality of managed care plans in the United States and releases the data to the public for consideration when selecting a managed care plan
The national committee for Quality Assurance is a private, not-for-profit organization that assesses the quality of managed care plans.
What is the role of the national committee for Quality AssuranceThe functions that this committee serves in the United States are:
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explain the effect of climate change in the economy of nepal
Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.
What is the climate of Nepal?The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.
The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.
Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.
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In the context of using power ethically, managers should _____ for the ethical use of referent power.
In the context of using power ethically, managers should be cordial and polite for the ethical use of referent power. This is further explained below.
Who are managers?Generally, managers are simply defined as the head of a company or group of employees.
In conclusion, Managers need to be kind and courteous. They must continually use authority and compel obedience.
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When a manager makes scheduling decisions, he or she is making __________,
A. non-programmed, strategic decisions
B. non-programmed, operational decisions
C. programmed, operational decisions
D. programmed, strategic decisions
Answer:
D. Programmed, strategic decisions
Explanation:
This is because they usually print the schedule with a strategic technique that allows everyone to work equal hours every week.
Magda is the CEO of a home electronics corporation. She wants to provide benefits for her employees but would still like to control the company's costs. Salena, the head of the HR department, suggests implementing a cafeteria-style plan. What would be the most likely benefit of Magda doing so
Magda will be benefited by attracting new employees and the retention of the employees in the organization.On cafeteria-style benefit plans, they do not have to pay FICA.
What is cafeteria-style benefits plans?Cafeteria-style benefits plans is the benefit provided to the employees by reducing their tax liability. It gives the chance to the employees to choose the pre-tax benefits.
The most likely benefit that Magda would receive on this plan would be of the existing employees retention and their loyalty with satisfaction. They do not need to pay FICA on cafeteria-style benefits plans.
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The production possibilities frontier illustrates Group of answer choices the combinations of output that an economy should produce. the combinations of output that an economy should consume. the combinations of output that an economy can produce. the combinations of output that an economy wants to produce.
The combinations shown by the Production Possibilities Frontier are the combinations of output that an economy can produce.
What does the Production Possibilities Frontier?This refers to an economic metric that allows a nation to see the quantities of goods that it is able to produce given its available resources.
Producing outside the PPF is not possible because it shows a quantity that the nation is unable to produce because it will not have the required resources.
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Margene is the product manager at Fashions Ltd., a company that designs and manufactures clothes and fashion accessories. Noticing the rising popularity of rhinestone jewelry and the fact that only a handful of stores actually stocked it, she decides to take advantage of the latent demand in the market. Margene knows that she is taking a risk by committing organizational resources to pursuing this idea, but she is confident about the merit of her decision. In deciding the allocation of resources for attaining her goals, which managerial task is Margene performing?
As the Margene is the product manager at fashions ltd., a company that designs and manufactures clothes and fashion accessories. The managerial task performed by Margene is planning.
What are resources?Resources refer to the materials available in the environment that are technologically accessible and help in the satisfaction of needs and wants.
Margene is the product manager at Fashions Ltd., a company that designs and manufactures clothes and fashion accessories. In deciding the allocation of resources for attaining her goals, the managerial task performed by Margene is planning.
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Why do you think landlords care about an applicants credit score when deciding whose application to accept for a rental apartment?
Answer:
So they can have an idea on who is more trustworthy on making their payments on time. Better credit, more trustworthy.
Explanation:
trust
Producing a bill of materials is a business process in which of the following functional areas? Group of answer choices Manufacturing and production Finance and accounting Sales and marketing Research and development Human resources
Producing a bill of materials is a business process in the functional area known as A. Manufacturing and production.
What is production?It should be noted that production simply means the creation of a particular good that can be used by the consumers.
In this case, producing a bill of materials is a business process in the functional area known as manufacturing and production.
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The Age Discrimination in Employment Act: Multiple select question. bans mandatory retirement in the airline industry bans mandatory retirement in most organizations bans firing of workers aged 15-25 allows age restrictions for airline pilots
Bans mandatory retirement in most organization is the Age Discrimination in Employment act. As they do not protect the under 40 age.
What is Age Discrimination in Employment Act?In the age discrimination in the employment act, the age above the 40 years old was forbid. It does not have any regulation or protection for the age under 40, but in some of the industries it is illegal to employ the young people over the old age people.
Thus, option B is correct.
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How many days after missing a student loan payment do your loans go into default?.
Answer:270 day past due
Explanation:
When practicing entrepreneurship, starting with means at hand involves ______. a.using your available resources to fund your venture b.analyzing who you are c.sharing your ideas d.asking friends to contribute to your venture
When practicing entrepreneurship, starting with means at hand involves analyzing who you are.
What is entrepreneurship?entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.
Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.
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What can happen to individuals who provide for themselves through farming, fishing, or hunting, and who barter and trade in low-income and middle-income countries
Individuals who provide for themselves through farming, fishing, or hunting, and who barter and trade in low-income and middle-income countries operate on traditional economy
What is traditional economy?The economy is based on small scale selling of goods and exchange of product for survival.
The economy is unstable and hard to monitor while Individual operating the economy are not subject to what they have.
Therefore, Individuals who provide for themselves through farming, fishing, or hunting, and who barter and trade in low-income and middle-income countries operate on traditional economy.
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Which of these is an example of qualitative data?
A. A report on the annual sales for a popular children's toy
B. The results of a survey asking whether someone prefers sweet or
sour candy
C. A graph showing how many times people purchase candles
D. A report on how many items were returned to a major clothing
store
When consumers start searching for ways to satisfy needs, their internal search is characterized by A. consulting close friends and families before expanding the search to a wider, external group. B. the influence of advertising. C. looking through the internal records of a firm, often found on the company website. D. examining personal memories and knowledge. E. using the Internet to find what other consumers feel about a specific product or service.
Using the Internet to find what other consumers feel about a specific product or service is the internal search is characterized, When consumers start searching for ways to satisfy needs.
How internet is helpful in finding out about things?Internet is very useful in many ways for the consumers, some of them are-
It facilitates the person in viewing the reviews of the other person's views on the specific thingsit helps in finding out the best things that a person suits for themIt provides easy ecommerce service From which a person can buy things.It provides easy return, if something is not appropriate to use.Thus, option E is correct.
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When selecting a mentor, which of the following should be considered? (Select all that apply)
the mentor’s age
what skills the mentee needs to develop
the communication skills of the mentor and mentee
how much the mentor makes each year
What should be considered when choosing a mentor are;
what skills the mentee needs to developthe communication skills of the mentor and mentee.
Who is a mentor?A mentor can be regarded as the person who could be an expert that gives advice an direction about a subject plan.
Therefore, it's important to know skills the mentee needs to develop.
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What happens when a driver selects the driving range option from 2023 leaf’s available ev info menu?.
When a driver selects the driving range option from 2023 leaf’s available info menu a map displays the driving range. This is further explained below.
What is driving?Generally, driving is simply defined as the factors that are initiated to moving a car or vehicle.
In conclusion, An interactive driving range map appears in the 2023 leaf's accessible information menu when a driver picks the option.
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1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percent chance of winning $100, but a 20 percent chance of losing $100. If you choose Option 2, you are guaranteed to win $5. If you are like most people when it comes to making decisions, you would probably choose ________ because of ________. Group of answer choices Option 1; confirmation bias Option 2: anchoring Option 1; the availability heuristic Option 2: loss aversion
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
What is confirmation bias?The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
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Resources needed to provide goods or services are called
Answer:
Factors of production
Explanation:
because the goods/services need to be produced
I hope this answered your question! Have a nice day! ^ ^
Answer: factors of production
Explanation:
I just took the edg. test
The law of demand states that, other things equal, when the price of a good Group of answer choices falls, the demand for the good rises. rises, the quantity demanded of the good rises. rises, the demand for the good falls. falls, the quantity demanded of the good rises.
Answer:
When the price of a good falls, the demand for the goods rises.
Explanation:
When there is an increase in price, the quantity of the goods demanded will fall. However, when prices are falling, the quantity of demand will fall.
Equity theory states that employees will perform well if they Multiple Choice understand the nature of their responsibilities. have an opportunity to impress others in the organization. believe the reward they receive fairly compensates them for their efforts when compared to others in similar positions. know that their supervisor has set reasonable performance goals and communicated them clearly.
According to the Equity Theory, the employees will perform well when they believe that the reward given to them for their efforts would be fair compensation in comparison to the employees in similar roles.
Option C is the correct answer.
Who formulated the Equity Theory?The Equity Theory was formulated by John Adams in the year 1963 being the theory of motivation in the jobs.
Equity Theory is focused on providing equal benefits to employees with similar profiles. It requires that the resources should be fairly allocated between the identical roles performed by the employees. It could be identified by the ratio of contribution to be equal to rewards for each employee.
Therefore, the explanation provided in part C would describe the equity theory of motivation.
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