A journal entry is a record of a financial transaction in a company's books. ournal entries are used to record the day-to-day financial activities of a business and are the first step in the accounting cycle.
What does Accounting cycle mean?
The accounting cycle is the process of recording and processing all of a company's financial transactions, from transaction recording to eventual inclusion in financial statements. This includes tasks like identifying, analysing, and recording transactions, as well as adjusting accounts, preparing financial statements, and closing the books at the end of an accounting period. The accounting cycle is an important part of the accounting process because it ensures accuracy and adherence to accounting principles.
So the required journal are as follows:
1. Authorization of the Bond Issue
Debit: Cash $1.2 million
Credit: Bond Payable $1.2 million
2. Receipt of the Bond Proceeds
Debit: Cash $1.3 million
Credit: Bond Payable $1.2 million
Credit: Premium on Bond Payable $100,000
3. Appropriation of the General Fund Contribution
Debit: Library Construction $800,000
Credit: General Fund $800,000
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Consider an economy in equilibrium. Suppose the households of this economy now expect the economy to grow in the future. Complete the following feedback loop reflecting the multiplier effects of this shock on a modern economy Consumption Firm revenues Investment Labor demand Unemployment Household incomes Asset prices Mortgage defaults Firm bankruptcies
The feedback loop when completed is given as follows;
consumption - risesinvestment - risesfirm revenues - riseslabor demand - risesunemployment - fallshousehold incomes -riseasset prices - risemortgage defaults - fallfirm bankruptcies - fallfinancial intermediation - rises.What is a Feedback Loop?Feedback happens when a system's outputs are routed back as intakes as part of a cause-and-effect chain that creates a circuit or loop. The system is said to feed back onto itself.
Feedback loops are straightforward: you produce something, collect data about it, and then utilize that data to enhance output. It's a never-ending cycle of evaluating and improving. Every part of a business needs feedback loops to function properly.
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The maximin criterion is the idea that the government should aim to maximize the well-being of the worst-off person in society.
a. True b. False
True
The maximin criterion is the idea that government should aim to maximize the welfare of the most disadvantaged people in society. Which means the government must prosper the people who are difficult in terms of the economy.
The government exists to serve the people. Government officials at any level are indeed held for the purpose of improving the welfare of the people they lead. So, if officials ask to be served by the people it is the other way around. It is officials and apparatus who must serve the people. It's not the people who have to rush to prepare a welcome plus millions of pocket money every time an official arrives, but it's the officials who should often come to the people with gifts. It is the officials who must give in and give priority if the people want to pass and not vice versa. Officials collaborating with the council must try their best to find a way for the welfare of the people. There are so many sources of our natural wealth that can be used for the greatest prosperity of the people.
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churchville county is trustee for a multi-government investment pool and has established an investment trust fund. included in the investment trust fund, for management purposes, are investments in the amount of $15 million from the county's general fund, $3 million from the county's special revenue funds, and $112 million from other governments. which of the following would be true?
The County would disclose the $15 million in its general fund, the $112 million in an investment trust fund, and the $3 million in special income funds.
What purposes serve special income funds?
Special Revenue Funds are used to keep track of certain sorts of revenues that are only allowed to be utilized for certain purposes under the law (except for expendable trusts or major capital projects). For a number of reasons, these revenues must be recorded separately from the General Fund.
What are dedicated general revenue funds?
Dedicated General Revenues (GR-D): An appropriation from General Revenue-Dedicated (GR-D) is a local fund revenue appropriation that has been set aside by legislation for a specific purpose or institution.
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Under the indirect method of preparing the operating section of the statement of cash flows, net cash provided by operating activities is $197,000. If the direct method of preparing the operating section of the statement of cash flows was used:
A) net cash provided by operating activities would be the same, $197,000.
B) net cash provided by operating activities would be more than $197,000.
C) net cash provided by operating activities would be less than $197,000.
D) net cash provided by financing and investing activities would equal $197,000.
If direct method of preparing the operating section of statement of cash flows was used, then : A) net cash provided by operating activities would be the same, $197,000.
What is meant by cash flow?The net balance of cash moving into and out of a business at a specific point in time is called cash flow. Cash is constantly moving in and out of a business, like for example, when any retailer purchases inventory, then money flows out of the business toward suppliers.
Cash flow from operations comprises of expenditures made as part of the ordinary course of operations. Examples of cash outflows are payroll, cost of goods sold, rent, and utilities. Cash outflows can vary when business operations are highly seasonal.
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qs 9-3 (algo) accounting for sales taxes lo c2 dextra computing sells merchandise for $4,000 cash on september 30 (cost of merchandise is $2,800). dextra collects 6% sales tax. record the entry for the $4,000 sale and its sales tax. also record the entry that shows dextra sending the sales tax on this sale to the government on october 15.
The total amount of sales taxes a company has gathered from clients on behalf of a governing tax authority is kept in an account called sales taxes payable, which is a liability.
Entry
Sep 30
Cash 4240
Sales 4000
Sales tax payable (4000*6%) 240
Sep 30
Cost of Goods Sold 2800
Inventory 2800
Oct 15
Sales tax payable 240
Cash 240
As the custodian of these monies, the company is responsible for timely remitting them to the government. If the company pays out a lot of sales taxes, the government probably expects them to be paid out once a month.
If the payment is very little, some governments let the payments to be transferred at significantly longer intervals, such as once every quarter or once a year.
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Suppose a bond has a face value of $100, annual coupon payments of $4, a maturity of 5 years, and a price of $90.
a. Write an equation that defines the yield to maturity on this bond.
b. Calculate the yield to maturity.
c. Suppose the price of the bond falls from $90 to $85 over a year.
Calculate the bond's rate of return over the year.
The amount of profit or loss on an investment over time is determined by the rate of return (RoR). Calculating the rate of return involves dividing the initial value by the current value and multiplying the result by 100.
"Given"
Face value = $1,00 (P)
Annual coupon payment = $4 (C). So coupon rate = 4%.
Matuirty years = 5 years (n)
Bond price = $90 (price)
a. The following equation can be used to determine this bond's yield to maturity:
Bond price is C(1+r)n + C(1+r)n + C(1+r)n + C+P(1+r)n.
By using the given information and this formula, the following equation can be used to determine this bond's yield to maturity:
Bond price equals $4(1+r)*1, $4(1+r)*2, $4(1+r)*3, $4(1+r)*4, and $104(1+r)*5.
b. The yield until maturity (YTM)
We'll use a calculating process known as trial and error to determine the YTM. The bond is trading at a discount since its price is lower than its par value, and as a result, the yield-to-maturity (YTM) should be higher than the coupon rate (4%). To match the present value of the bond with its price, let's assume a rate of 6% and then change this anticipated rate accordingly.
We will determine the YTM, using the bond price formula as below:
Price of Bond = C(PVIFA, r%,n years)+ P(PVIF, r%,n years)
= $90 = $4 (PVIFA,r%,5) + $100(PVIF,r%.5)
= $90 = $4 (PVIFA,6.39%,5) + $100(PVIF,6.39%,5)
= $90 = $4 *(1-((1+6.39%)^-5)/6.39%) + Face value*(1/(1+6.39%)^5)
= $90 = $4 * 4.168045665 + $100 * 0.733661882
= $90 = 16.67218 + 73.3662
= $90 = $ $90.03838
So here we see that the derived value of $90.04 almost equals the given price of the bond ($90) at an estimated rate of 6.39%.
Hence the YTM = 6.39%.
c. If the bond's price drops from $90 to $85 over the course of a year, its annual rate of return is:
The amount of the payment difference between the bond's initial and revised prices will be taken into account when calculating the rate of return, followed by the amount of the coupon payment received. Over the course of the year, a capital loss was incurred because the bond's price dropped from $90 to $85.
Rate of return = (Current price − initial price ÷ initial price) + (interest amount ÷ initial price)
($85 − $90) ÷ $90 + ($4 ÷$90) = $−5 ÷ $90 + 0.0444
= -0.0556 + 0.0444
= -0.0112
= -1.12%
So bond's rate of return over the year = -1.12%
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In the market for money, the intersection of demand and supply determines which of the following?The equilibrium price of moneyThe equilibrium interest rate
In the market for money, the intersection of demand and supply determines the equilibrium interest rate.
What is equilibrium interest rate?
The equilibrium interest rate is the rate at which the demand for money equals the supply of money in the market for money. It represents the balance between the desire of households and businesses to hold money for transactions, saving, and other purposes and the total amount of money available in the economy.
The demand for money refers to the desire of households and businesses to hold money for transactions, saving, and other purposes. The supply of money, on the other hand, refers to the total amount of money available in the economy.
In the market for money, the equilibrium interest rate is the rate at which the demand for money equals the supply of money. At this point, there is no incentive for households and businesses to either hold more or less money, and the market is in balance.
The equilibrium interest rate plays a critical role in the economy because it determines the cost of borrowing and the return on saving. It is also an important factor in the determination of the overall level of economic activity.
Hence, the intersection of demand and supply determines the equilibrium price or quantity of a good or service in a market. In the case of the market for money, the intersection of demand and supply determines the equilibrium interest rate.
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a truch costing 121000 was destroyed when its engine cought fire at teh date of the fire the ccumulated depreciation on the truch was 52000 an insurence check for 136000 wasreceived
Gain on Disposal of $67,000 ac dr. Asset ac cr. $67,000
The difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of is recorded in a disposal account, which is a gain or loss account that appears in the income statement. Typically, the account is titled "Gain/Loss on Asset Disposition."
The journal entry for such a transaction is to reverse the balances in the fixed asset account and the accumulated depreciation account and debit the disposal account for the net difference between the initial asset cost and any accumulated depreciation (if any). If there are any sales revenues, they are also put into this account.
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assertions are expressed or implied representations by management that are reflected in the financial statement components. the auditor performs audit procedures to gather evidence to test those assertions.
Accounting management assertions are implicit or specific claims made by way of economic announcement preparers. Those assertions attest that the preparers abided by using the essential regulations and accounting standards while preparing the financial statements.
Assertions about presentation and disclosure deal with whether or not unique additives of the economic statements are nicely categorized, defined, and disclosed." The account balance not only ought to be well measured but additionally properly defined and disclosed.
Assertions are characteristics that want to be examined to ensure that financial data and disclosures are correct and appropriate. If assertions are all met for applicable transactions or balances, monetary statements are accurately recorded.
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Mulroney Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project A has an expected life of 2 years with after-tax cash inflows of $6,000 and $7,900 at the end of Years 1 and 2, respectively. Project B has an expected life of 4 years with after-tax cash inflows of $4,300 at the end of each of the next 4 years. Each project has a WACC of 8%. Use the replacement chain approach to determine the NPV of the most profitable project.
$4,325
The NPV of project B has the most profitable value.
What is NPV?Data:
Project A
The initial investment is $10,000.
Y1 CF = $6,000
y2 CF = $7,900
Project B
$10,000 is the initial investment.
Y1-Y4 CF = $4,300
Solution:
Regarding Project A
We will extend the project to four years in order to compare it with Project B.
To begin discounting the cashflow,
NPV = -10000/(1 + 0.08)⁰ + 6000/(1 + 0.08)¹ - 2100/(1 + 0.08)² + 6000/(1 + 0.08)³ + 7900/(1 + 0.08)⁴
NPV = 4324.87
Regarding Project B
The following formula will be used to calculate the present value of the annuity:
PV = PMT (1 + (1/(1+r)ⁿ)/r
NPV = Initial investment - PV
4300(1 +(1/(1 + 0.08)⁴)/0.08
= 143807.85
NPV = -10000 + 14380.85
NPV = 4380.85
We can now easily calculate how much value the firm will gain or lose if Project L is chosen over Project S.
Value = NPV(B) - NPV(A)
= 4380.85 - 4324.87
= 55.98
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after weeks of uncertainty about the course the country would pursue to stabilize its troubled economy, officials reached a revised agreement with the international monetary fund, pledging the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent.
The correct answer is C: to enforce substantially greater budget discipline than originally promised and to keep inflation below ten percent.
This answer accurately captures the agreement reached between the country and the International Monetary Fund. The agreement called for the country to enforce significantly greater budget discipline than what was originally promised and to keep inflation below the ten percent figure. Option A is grammatically incorrect, as the comparison of "as that which" is unnecessary and awkward.
Option B is incorrect because it suggests that the country will merely keep inflation below the ten percent figure, not actually reduce it below that level. Option D is also incorrect because it suggests that the country will keep inflation less than the ten percent figure, which is an awkward phrasing. Option E is incorrect because it suggests that the country will keep inflation less than ten percent, which is an ambiguous phrasing.
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Complete question:
After weeks of uncertainty about the course the country would pursue to stabilize its troubled economy, officials reached a revised agreement with the International Monetary Fund, pledging the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent.
(A) the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent
(B) the enforcement of substantially greater budget discipline than originally promised and keeping inflation below the ten percent figure
(C) to enforce substantially greater budget discipline than originally promised and to keep inflation below ten percent
(D) to enforce substantially greater budget discipline than that which was originally promised and keeping inflation less than the ten percent figure
(E) to enforce substantially greater budget discipline as that which was originally promised and to keep inflation less than ten percent
assume that the market starts in equilibrium at point w in panel (b) which of the following is not correct?
The word "equilibrium" has its roots in the Latin word "libra," which means "weight" or "balance".
What is equilibrium and example?A state of mental or emotional balance that results from the interaction of two opposing forces or actions, such as when a force acting on a body has a resultant of zero or when a chemical reaction has equal forward and backward velocities.
Words like equilibrium come from the Latin word libra, which means weight or balance. These are some examples of equilibrium: a table upon which a book, open, is perched. a moving object that moves at a set speed. one in which the rates of the forward and backward reactions are equal.
Equilibrium happens at the point where the supply and demand curves meet.
The point makes clear the ideal cost and output. It can be determined by combining the formulae for quantity demanded and quantity supplied (a - bP = x + yP).
The complete question is:
Refer to Figure 14-14. Assume that the market starts in equilibrium at point W in panel (b) and that panel (a) illustrates the cost curves facing individual firms. Suppose that demand increases from D0 to D1. Which of the following statements is correct? Figure 14-14
Therefore, the correct answer is Points W and Z represent long-run equilibria.
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In a 4-5 page paper, provide responses to parts A and B below. Organize your paper with the headings "Levels of Organizational Innovation" and "Value Cluster - Name" (insert the name of the value cluster that you choose to focus on).
Part A: Analyze and explain the difference between the three levels of organizational innovation (tactical, strategic, and transformational). Show how they differ in their influence on an organization's culture. Illustrate with examples from your own experience.
Part B: Select three of the five value clusters from Chapter 8 that are shown to support innovative activities in organizations and discuss how the value clusters help develop and sustain an innovative culture. Use your place of employment or another organization you are familiar with as an example. (The value clusters are: 1. Trust, Engagement, and Ownership Through Careful Hiring, Training, and Expectations that Are Met; 2. Collaboration, Inclusion, Collocation, and Transparency; 3. Latitude, Individual Initiative, and Informed Risk-Taking; 4. Useful Failure, Boundarylessness, and Learning; and 5. Leadership, Policies, and Practices that Support Entrepreneurship.)
The difference between the three levels of organizational innovation (tactical, strategic, and transformational) is given below:
What are the differences?Tactics are the specific stages and activities that will get you there, whereas strategy is the action plan that will get you there. This refers to the exact steps teams take to carry out the initiatives described in the strategy in a corporate setting. The use of fresh and innovative techniques by movement actors is referred to as tactical innovation.
An idea that provides value to your customers would be developed and implemented as a tactical innovation strategy (while also adding economic value to the organization). This circumstance is not unusual.
Therefore, Short- and long-term periods, transformational leaders can successfully develop and use all resources available to assist businesses improve organizational performance and attain sustainability.
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Eagle Sports Supply has the following financial statements. Assume that Eagle’s assets are proportional to its sales.
INCOME STATEMENT, 2019
Sales $ 950
Costs 250
Interest 50
Taxes 150
Net income $ 500
BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 2,700 $ 3,000 Debt $ 900 $ 1,000
Equity 1,800 2,000
Total $ 2,700 $ 3,000 Total $ 2,700 $ 3,000
a. What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 70% and the equity-to-asset ratio is fixed at 2/3?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
b. What is the sustainable growth rate?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Eagle Sports Supply has the following financial statements. The sustainable growth rate is the highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as that of the sustainable growth rate (SGR). In other ways, it is also the rate with which the business may expand without borrowing money from other sources by using only its internal earnings.
What are the Financial Statements?Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. The presentation of relevant financial data is done in a methodical manner and an easy-to-understand format.
The activities and financial success of a firm are detailed in financial statements. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and then for tax, financing, or investment purposes.
A company's financial health may be seen at a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Financial statements are essential since they provide information on a company's earnings, costs, profitability, or debt.
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West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-month note. What entry will Drake Builders Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30? a. Notes Payable. 412,000 Cash 412,000 b. Notes Payable. 400,000 Interest Payable 12,000Cash 412,000 c. Interest Expense. 12,000 Notes Payable. 400,000 Cash 412,000 d. Interest Payable Notes Payable....6,000 Interest Expense 400,000 Cash 6,000 412,0001) a 2) b 3) c
Drake Builders Company will record a transaction at the note's maturity to pay down the principal and any accrued interest as of June 30 :
Debit Notes Payable 400,000Debit interest payable 12,000
Credit Cash 412,000$400,000x .06 x 6/12= $12,000
(Face val. x 6% x 6/12)
Therefore, On January 1, West County Bank accepts Drake Builders Company's request for a $400,000 loan. A 6%, 6-month note for $400 000 is signed by Drake Builders Company.
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A real estate brokerage should __________ that will help to minimize risk and potential liability exposures.
Every brokerage should adopt written policies and procedures that define the company's agency representation policies, competitive practices, fair housing guidelines, personnel policies, communications policies, documentation and record keeping policies, and a statement of the company's overall commitment to the ethical and legal practice of real estate. Once adopted, these policies should become part of each licensee's everyday practice and enforced on a consistent basis.
Adopt written guidelines and regulations maintain audio recordings of all discussions, employ a legal team, and get liability insurance.
By brokerage, what do you mean?A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate. A counselor is a facilitator who really arranges a sale between a firm and its customers. A reseller could be either an people or a business.
What is a brokerage's process?On behalf of the clients, such brokerage business sells and purchases stock, bonds, options, and many other financial goods. To combine resources and provide the finest service, a lot of brokerages employ lone brokers. Additionally, a lot of businesses which provide financial products include brokerage houses within their range of offerings.
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A firms core competencies, integrated with an understanding of the results of studying the conditions in the external environment should _____
A firm's core competencies, integrated with an understanding of the results of studying the conditions in the external environment should guarantee profits.
The definition of a 'firm' inside the subject of economics is any agency that seeks to make earnings through manufacturing or promoting products or services – or both – to consumers. as instance, one of the most commonplace makes use of this term is for 'regulation corporations,' which commonly promote offerings in relation to the regulation.
A company is a for-profit enterprise, commonly fashioned as a partnership that provides professional offerings, which include prison or accounting services. The concept of the company posits that firms exist to maximize income.
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just because positions are ____, they are not necessarily risk-free and can be very volatile. multiple select question. market-neutral hedged nondirectional arbitrages
Positions are not always risk-free and can be quite volatile even if they are market-neutral, nondirectional, and hedged. multiple-choice query market-neutral nondirectional arbitrages with hedges
A market-neutral hedge fund: what is it?A market-neutral fund is a type of hedge fund that makes money whether the market is going up or down, generally by using matched long and short positions or derivatives. As they aim to produce profitable returns in all market conditions, these funds may help to reduce market risk.
Most hedge funds are they market neutral?Because they are concentrated on absolute returns rather than relative returns, hedge funds frequently adopt a market-neutral approach.
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Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
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The information needed to prepare a statement of cash flows could come from all of the following sources, except the: statement of retained earnings.
The correct answer is the statement of retained earnings.
What is the statement of retained earnings?
The retained earnings statement (statement of retained earnings) is a financial statement that describes changes in a company's retained earnings over a period of time. This statement reconciles the beginning and end of retained earnings for a given period using information such as net income from other financial statements and is used by analysts to understand how a company's earnings are being used.A statement of retained earnings is also known as a statement of equity, statement of equity, or statement of equity. Sample retained earnings statements are available online.To know more about statement of retained earnings, click the link given below:
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the lack of perfect correlation between spot and futures prices implies that most hedges will have some basis risk.
a. true
b. false
Does the lack of perfect correlation between spot and futures prices imply that most hedges will have some basis risk? Yes, the statement is completely true
Spot prices and Future priceSpot is the immediate delivery price of an asset or the value of an asset at a given time. It differs from the future price of a product, which is the delivery price of the asset at a future date or the price that the asset is expected to reach. Any asset that can be traded as a future will have a spot price, this term is commonly used in raw materials.
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suppose the firm sells its output for $15 per unit, and it pays each of its workers $750 per week. when output increases from 210 units to 285 units, the
$10 is the marginal profit per unit of production. moreover, it pays each employee $750 each week.
What does having conviction mean?
When you describe someone as firm, you are referring to their behavior, which suggests that they are in command or that they won't modify their mind. She had to be strong with him and say, "I don't want to see you again."
What does corporate conduct entail?
Firm behavior refers to the goals, variety of models, and various presumptions utilized to pursue profit maximization. Industrial organization examines how businesses behave strategically while engaging in any kind of significant commercial activity.
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Justin buys and sells items on the internet in order to make a profit. He also has a lawn mowing and snow plowing business. He has not filed papers with the state to formalize any of the businesses. Justin operates as a:
A)Partnership
B)Limited Liability Company
C)Sole proprietorship
D)Corporation
After analyzing the scenario, Justin operates as a Sole proprietorship. Thus, option C is the correct option.
A sole proprietorship is a type of business structure where a single individual owns and operates a business. It is the simplest and most common form of business ownership. In a sole proprietorship, there is no legal distinction between the owner and the business entity.
The owner retains all profits and assumes all liabilities and responsibilities for the business. This structure offers simplicity in terms of setup and decision-making, but the owner also has unlimited personal liability for the business's debts and obligations.
Thus, option C is the correct option.
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Which of the following statements would be most impressive within a summary of qualifications section on a résumé?
Knowledgeable in a variety of income tax software packages
Processed an average of 24 tax forms daily with 100 percent accuracy
Enjoy working with others
Familiar with corporate and individual tax returns
Processed an average of 24 tax forms daily with 100 percent accuracy
Which of the
The credentials portion of a resume's summary should highlight accomplishments like processing 24 tax forms on average each day accurately.
A curriculum vitae, often known as a résumé or resume, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are several uses for resumes, job searching is the most common one.
The curriculum vitae (CV) is a thorough record of your academic performance, hence its length varies. However, a resume's length is often shorter and is governed by years of experience because it provides a brief overview of your skills and expertise for a certain position (generally 1-2 pages).
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The model that requires a manager to assess her own style and her situational control is
A. Fiedler's contingency model.
B. shared leadership model.
C. the LMX model of leadership.
D. House's path-goal theory.
E. charismatic leadership theory
The correct answer is C. The LMX model of leadership.
The LMX model of leadership, also known as the leader-member exchange model, was developed in the late 1970s by Bruce Tuckman and Mary Ann Jensen. This model of leadership focuses on the relationship between the leader and their team members.
It proposes that each team member has a unique relationship with their leader, which determines the amount of trust, respect, and influence they have in the team. The leader must assess their own style and situational control in order to ensure that each team member is given the appropriate support, resources, and guidance required to achieve their goals.
The leader also needs to be able to adjust their style to fit the specific needs of each team member in order to foster a productive and collaborative environment. In this way, the leader is able to build trust and loyalty from their team members and create a successful and productive team.
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The study of economics focuses on how people, businesses, and governments choose to allocate resources. T/F
This is a true statement in the study of economics that focuses on how people, businesses, and governments select to allocate resources.
Economics is defined as the study of how individuals, businesses, and governments choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of their chosen selection. Typically, economics is about solving the problem of scarcity - quantities of resources to meet unlimited wants.
Economics deals with a variety of complex issues of vital concern to society about the production of goods and services, as well as the growth of production and welfare over time period.
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The series of bank failures in 1907 occurred despite the creation of the Federal Reserve many years earlier.
False
The series of bank failures in 1907 occurred despite the creation of the Federal Reserve many years earlier is a False statement
An increase in the reserve requirement ratio increases reserves and decreases the money supply. One plausible explanation for the large amount of U.S. currency outstanding is that many dollars are held abroad.
What is Federal Reserve?
The central banking system of the United States of America is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics, including the Panic of 1907.
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sunita is a one-third owner in bikes-r-us, an s corporation that experienced a $45,000 loss this year (year 1).
The deductible amount is $10,000 since Sunita owns one-third of the company Bikes-R-Us, a S business that suffered a $45,000 loss this year (year 1).
What is a Corporation?The corporation, not really the shareholders, is in charge of the business affairs and monetary stability of the company. Operations and financial stability of the business are at the control of the corporation, not really the shareholders. A group of people or a company which has been given by the state the legal status of a single entity and is used for particular legal purposes is known as a corporation. Early corporations were created with a charter. Currently, the majority of nations allow the creation of new corporations.
What are the kinds of corporation and what was it is purpose?Corporations fall into one of four broad categories: nonprofit, municipal, professional, or business. Publicly traded and closely held firms are the two categories that make up business corporations.
Nowadays, the typical argument is that a business exists to benefit its owners. This is known as that of the "shareholder primacy norm" in academia, and many refer to business managers' objectives as shareholder wealth maximization. Even purportedly charitable business actions, such as gifts, are acceptable.
Briefing:Jessica allocated a loss of $15,000 ($45,000 divided by 1/3). Because her stock basis is only $10,000, she can only deduct that amount from her allocation.
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The complete question is:sunita is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1).
If her stock basis is $10,000 at the beginning of the year, how much of this loss clears the hurdle for deductibility (assume the at-risk limitation equals the tax-basis limitation)?
Which of the following statements is true?a) when you buy an equity, your potential loss is unlimited and your maximum potential gain is 100%b) when you buy an equity, your potential loss is 100% and your maximum potential gain is unlimitedc) when you buy an equity, you are promised a stream of fixed dividends
When you buy an equity, your potential loss is 100% and your maximum potential gain is unlimited.
What is a equity?Equity in the context of finance refers to ownership of assets with potential obligations such as debts. For accounting reasons, equity is calculated by deducting liabilities from the value of the assets. Equity is the sum of money invested in or owned by a company's owner. The difference between a firm's obligations and assets on its balance sheet indicates how much equity the company has. The equity value is calculated using the share price or a value established by valuation specialists or investors. Any asset's equity is the ownership remaining after all liabilities related to it have been paid off. For instance, if you owe $10,000 on a car you own that is worth $25,000, you have $15,000 in
equity in the asset.
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It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting. True False
It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting. False, it is possible for a Monopsony to hired more workers but the workers are hired at the same minimum wage as before the rise in minimum wages. A monopsony, as compared to a perfectly competitive firm, pays a lower wage and hires more labor.
What is a Monopsony?A labor market in which there is only one firm demanding labor is called a monopsony.
A monopsonist is the sole demander of the labor in the market, the monopsonist's demand for labor is the market demand for labor.
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