An Illustration of a Credit Loss Allowance Let's say a company had $40,000 in accounts receivable on September 30. It calculates that 10% of its accounts receivable won't be paid,
so it adds $4,000 to a credit entry to cover credit losses ($10,000 x $40,000).
On the balance sheet, how are accounts receivable valued and reported?They are recorded in a company's balance sheet at the net realizable value, which is the value the company anticipates receiving in the future. After subtracting the bad debts, the net value of accounts receivable is calculated.
When uncollectible accounts are written off, is the allowance for doubtful accounts debited?Businesses debit the allowance for doubtful accounts and credit their account receivable when a doubtful debt becomes a bad debt. However, there are occasions when customers pay the amount that was deducted as bad debt. The balance sheet manager debits the accounts receivable to reverse the account when this occurs.
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rick established an irrevocable trust and funded it with $1 million. a corporate trustee is authorized to make distributions from the trust for the health, education, maintenance, or support of rick's descendants. at the creation of the trust, rick had three children and eight grandchildren. which one of the following statements is correct regarding the consequences of this transfer? a) it would be unwise for rick to allocate any of his gstt exemption to the trust at the time of creation. b) this trust is an example of a direct skip trust. c) if a taxable distribution is made from this trust, the trustee of the trust will be responsible for paying any gstt that is due. d) this transfer will not be subject to the gstt unless a taxable termination or distribution occurs.
If a taxable distribution is made from this trust, the trustee of the trust will be responsible for paying any gstt that is due to the consequences of this transfer.
What does an irrevocable trust do?An irrevocable trust is a form of trust that is often established to safeguard assets and minimise federal estate taxes. The grantor, who established the trust, can choose which assets to transfer to the beneficiary by designating them in the trust ( the beneficiary).Any person who ultimately, either directly or indirectly, owns or controls the trust, including the settlor or settlors, the trustee or trustees, the protector or protectors (if any), the beneficiaries, or the group of people whose primary interest the trust was established, is referred to as the "beneficial owner."To learn more about irrevocable trust refer to:
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when consumer income changes and prices are held constant, the slope of the budget line multiple choice question. increases. does not change. decreases.
When consumer income changes and prices are held constant, the slope of the budget line b) does not change.
Consumers have options when it comes to making purchases. These options are determined by their income level and the cost of products and services.
The budget line depicts potential product combinations that can be purchased with a certain amount of money and knowledge of the product costs.
This line indicates which purchases are reasonable and which are not. At a certain income level, the budget line is generated by plotting the amounts of two products on the X- and Y-axes.
The horizontal intercept is the amount of product A that can be purchased when the quantity of product B is equal to zero. The vertical intercept is the amount of product B that can be purchased if the quantity of product A is equal to zero.
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how would the free-market view and the consumerprotection view differ on errors in credit bureaudatabases?
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the CFPB to compare credit scores sold to lenders and consumers by credit bureaus nationwide and determine whether differences in these scores are harmful to consumers.
Today's research analyzes credit scores from his 200,000 credit files from each of the following credit bureaus:TransUnion, Equifax, and Experian.
This follows from a study released by the Bureau in July 2011 that described the credit rating industry, types of credit ratings, and potential problems arising from the differences between ratings purchased by consumers and ratings used by creditors. This is a follow-up survey. can occur.
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leo is in charge of advertising for the clothing lines of a large manufacturer. he uses his ads recommendations page to help him evaluate his search ads campaigns. which feature makes the optimization recommendations valuable for leo?
Leo is in charge of advertising for the clothing lines of a large manufacturer. The Networking site tag manager is the feature that makes the optimization recommendations valuable for leo.
The advertising is the method which is performed to promote the products or services which we launch in the marketplace for selling to the consumers. The advertising is the marketing tactics to promote services.
To more advertising, follow some optimization recommendations like tag with good networking site to reach more audiences. Like, The Networking site tag manager is the feature that makes the optimization recommendations valuable for leo.
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true or false: stockholders' equity appears on the left-hand side of the balance sheet. true false question. true false
The correct answer is False. All of a company's assets are listed on the left side of the balance sheet. The balance sheet shows the company's obligations and shareholders' equity on the right side.
shows a breakdown of liabilities and equity on the right and a list of assets on the left. The total dollar amount is always the same for both sides, which is consistent with the equation. In other words, a balance sheet's left and right sides are always equal.
There is neither a debit nor a credit side because the balance sheet is a statement rather than an account. As a result, the balance sheet's assets are displayed on the right and liabilities on the left.
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marie johnston is a manager at an electronics store, and she has to decide how many workers to hire. if she hires one worker, her revenue is $400 per day. if she hires another worker, she can make another $350 per day. the marginal benefit of hiring another worker decreases by $50 with each additional hire. assuming that workers are paid $20 per hour and work eight hours, how many employees should marie hire, and what will be the total revenue of her store?
Marie johnston is a manager at an electronics store She will hire five workers and the revenue of the store will be $1,500.
Option B is correct.
total revenue will be :
400+350+300+250+200
=1500 dollars
What is another name for total revenue?The total amount of money a company makes from the sale of goods or services related to its primary operations is called revenue. Because it appears at the top of the income statement, revenue—also referred to as gross sales—is frequently referred to as the "top line." The amount of money your company makes from selling its goods or services over a predetermined time period is referred to as total revenue, also known as gross revenue.
How significant is total revenue?The first step in determining your business's success is to look at how much money it is making. The amount of money that is generated prior to any expenses or deductions is known as total revenue. As a result, this metric tells you how much money the company makes from selling its goods or services. For evaluating and expanding your business, it is essential to comprehend and track it.
Incomplete question :
Marie Johnston is a manager at an electronics store, and she has to decide how many workers to hire. If she hires one worker, her revenue is $400 per day. If she hires another worker, she can make another $350 per day. The marginal benefit of hiring another worker decreases by $50 with each additional hire. Assuming that workers are paid $20 per hour and work eight hours, how many employees should Marie hire, and what will be the total revenue of her store?
a. She will hire four workers and the revenue of the store will be $1,300.
b. She will hire five workers and the revenue of the store will be $1,500.
c. She will hire six workers and the revenue of the store will be $1,650.
d. She will hire seven workers and the revenue of the store will be $1,750.
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an investor filed a civil action against her broker in a state a state court seeking $30,000 for violation of federal securities statutes. the investor is a citizen of state b and the broker is a citizen of state a. may the broker remove the action to federal district court?
It depends on whether the case meets the requirements for removal to federal court. In general, a case may be removed to federal court if it is a "civil action" that could have originally been filed in federal court, and if the federal court has jurisdiction over the case.
In this scenario, the investor is seeking damages for a violation of federal securities statutes, which would qualify as a "civil action" that could have originally been filed in federal court.
Additionally, the federal court would have jurisdiction over the case as it involves federal securities laws.
For the broker to remove the case to federal court, it must meet the requirement of diversity jurisdiction which means that all the plaintiffs must be citizens of different states than all the defendants.
The fact that the investor is a citizen of state B and the broker is a citizen of state A, means that the broker can remove the case to federal district court if there are no other parties that would affect the diversity of the case.
In summary, the broker may remove the action to the federal district court if the case meets the requirements of diversity jurisdiction and federal question jurisdiction.
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a(n) select answer approach is when an organization accepts the environmental forces as uncontrollable, and a(n) select answer approach is when an organization tries to influence or shape the environmental forces.
When an organization takes a reactive approach, it accepts the environmental forces as uncontrollable, whereas a proactive approach attempts to influence or shape the environmental forces.
What is reactive and proactive approaches?When leaders respond to crises and issues as they arise, this is referred to as reactive management. Anticipating needs and challenges so that you and your team are ready to meet them is what proactive management entails. It is practically impossible to anticipate every eventuality.Proactive management is a management style in which the leader runs the company "proactively." That is, they are proactive in seeking out new opportunities for the company and dealing with any threats or problems before they arise.Reactive business strategies aim to provide a quick response to unexpected changes or events while also implementing strategic plans for long-term growth. Reactive strategy focuses on maintaining control over existing policies and only changes course in the event of a crisis.To learn more about reactive approach refer to :
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When an organization adopts a reactionary strategy, it accepts that the forces of the environment are beyond its control, as opposed to a proactive strategy, which seeks to shape or influence the forces.
What do reactive environmental tactics entail?Reactive environmental strategy is compliance strategy, in which businesses rely on pollution reduction through a "end-of-pipe" approach and frequently oppose the implementation and enforcement of environmental legislation (Hart, 1995).
What are the four guiding principles of environmental policy?The precautionary, preventive, rectification at source, and polluter pays principles are the four main environmental principles that form the foundation of EU environmental law and policy, as stated in Article 191(2) of the Treaty on the Functioning of the European Union (TFEU).
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How will an increase in private savings in the united states most likely affect financial capital flows and the value of the dollar in foreign exchange markets?
A outflow of financial capital will result from the US's real interest rates falling and the amount of funds available for lending increasing due to private savings growth.
What effect does the exchange rate on the capital account have?Real exchange rate increases weaken competition, widen the current account deficit, and increase the risk of financial crises for nations. A significant increase can cause capital flows to abruptly decline, forcing a dramatic adjustment in the current account.
Which of the aforementioned will cause the US dollar's value relative to the euro to decrease?Interest rates are decreasing in the US. If bond yields in the US decreased, investors would want to hire more people in the EU. The availability of dollars would increase as more people began exchanging dollars for euros to reinvest in the EU. As the supply of dollars increased, their value would decrease.
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the college board reports that since 2000, college tuition and fees have increased by 190 percent while the share of family income required to pay for tuition at public four-year colleges has risen from 8 percent in 2000 to 16 percent today. this is an example of a(n) condition.
The given report is an example of an Inflationary condition
Inflation is the term used to describe a decrease in the value of a currency due to an increase in its supply. When a nation's money supply grows faster than its economic output, inflation results. A state of inflation is one in which the cost of goods continuously rises. Money has less purchasing power and costs more to purchase the same amount of goods.
In this given case, since the year 2000, tuition fee has increased by 190%, making it more expensive to pay for college. Additionally, the percentage of a family's income that must be used to cover the cost of tuition at public four-year institutions has increased from 8% in 2000 to 16% in the present. this implies that there is inflation and that family income and tuition costs are both correlated with each other.
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jenny has decided to purchase a particular dell laptop but is having trouble deciding where she should purchase her laptop. she is considering purchasing the laptop from the best buy store or from dell. what are likely to be evaluative criteria in this decision?
Jenny has made the decision to buy a specific dell laptop, and she is debating whether to buy it directly from Dell or from Best Buy. Return policy and service should be taken into consideration while making this choice.
A merchant establishes a return policy to control how consumers return and exchange undesirable goods they have purchased. Return policies outline what products can be returned and why, as well as the time period during which returns are accepted.
The procedures for returning or exchanging undesirable goods purchased by customers are governed by return policies. Retailers might establish a return policy to specify what products can be returned and for what justifications, as well as the time period during which they accept returns.
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Outsourcing has seen a huge increase because of the ________.
A. Increase in decentralization
B. Increase in advertising costs
C. Decrease in telecommunication costs
D. Increase in the use of cloud computing
E. Decrease in the cost of raw materials
Outsourcing has seen a huge increase because of the C. Decrease in telecommunication costs.
What is Outsourcing?Outsourcing is a contract whereby one company employs another company to handle a planned or ongoing operation that would otherwise be or might be handled internally, i.e. in-house, and occasionally entails the transfer of assets and workers from one company to another.
The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.
Therefore, option C is correct.
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how are limit orders and market orders​ different?
Market orders were transactions designed to complete as soon as feasible at the price of the current market. When placing a limit order, you specify the highest or lowest price at you are ready to buy or sell a .
Why is the market losing ground?A significant negative occurrence, an economic downturn, or the deflation of a lengthy speculative bubble are all potential causes of a stock market decline. The public's irrational anxiety following a stock market decline can also be a major factor, causing panic selling that drives prices even down.
Why is US market losing ground?Rising interest rates, declining demand, Covid-19 instances in China, & The fall didn't stop Cathie, though.
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paid employment after age 65 is select one: a. typical. b. increasingly common. c. becoming less common. d. atypical.
Paid employment after the age of 65 is increasingly common
Many people are choosing to continue working past the customary retirement age of 65 as people are living longer. While some people prefer to work full-time, others decide to work part-time, take on flexible work, or pursue consultancy positions. Many people discover that continuing to work after retirement gives them a feeling of fulfilment, as well as the chance to continue making contributions to society and staying active.
As a result, working for a living after age 65 is more typical. This trend has been influenced by factors, like changes in pension systems and retirement benefits that have made it more challenging for people to rely solely on savings or government support during retirement and a general shift in societal attitudes toward work and retirement. Healthcare advancements have also made it possible for people to be healthy and able to work more.
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Current market prices reflect all relevant information, whether it is known publicly or privately. This statement is consistent with: Semistrong-form efficiency Strong-form efficiency Weak-form efficiency Consider that there is a weak form of efficiency in the markets, A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that completely prevents hay fever. The consensus analyst forecast for the company's earnings per share (EPS) is $4.50, but insiders know that, with this new drug, earnings will increase and drive the EPS to $5.00. What will happen when the company releases its next earnings report? The stock price will increase and settle at a new equilibrium level. There will be some volatility in the stock price when the earnings report is released, but it is difficult to determine the impact on the stock price. However, the prices will eventually adjust to the news announcement The stock price will not change, because the market already incorporated that information in the stock price when the announcement was made.
Almost all financial theories and decision models assume that financial markets are efficient.The information efficiency of financial markets determines an investor's ability.
what are financial markets?A financial market includes any venue or system that provides buyers and sellers with the means to trade financial instruments, including bonds, stocks, international currencies, and public instruments, derivative instrument.
What are the 4 types of financial markets?The four types of financial markets are the foreign exchange market, the money market, the derivatives market, and the capital market.
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there are two main drivers within businesses from an operations perspective. one is fulfillment. what is the other driver in this concept?
Generally speaking, there are five drivers: production, inventory, location, transportation, and information.
FACILITIES:- the location of the fabrication, assembly, or storage of the supply chain's products. The performance of the supply chain network is significantly influenced by the location of this facility.
INVENTORY:- Inventory includes all of the raw materials, work-in-progress items, and finished goods. Because it affects a supply chain network's responsiveness and efficiency, inventory level is a key factor in the supply chain.
Transformation is the method used to fulfill the need by moving the goods from one location to another. Combinations of several transportation options are possible. This driver significantly affects the Supply chain network's efficiency and reactivity.
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an investment adviser has developed 11 different investment strategies that use a combination of fundamental and technical factors to make investment decisions among both equity and fixed income investments. based on the customer account profile, the adviser then uses one of 7 different algorithms that allocates the client's funds using these 11 investment strategies. the adviser has implemented a fee structure that charges a 1.10% annual management fee on assets invested, plus the adviser charges a fee of .50% of assets annually for use of the algorithms. the adviser provides each client with a flyer covering the adviser's 11 different investment strategies with disclosure of the 1.10% annual management fee. under the nasaa rule on unethical business practices of investment advisers, this is:
Due to the client receiving two charges for these services, there has been a breach of the rule against charging exorbitant advisory costs.
What is an investment advisor's job description?
Recognize investment opportunities, offer appropriate solutions, comprehend the risk and return profile of the customer, and ensure regular portfolio reviews. Communicate with the central research, advisory, product, and commercial departments to find opportunities to meet customer needs. Financial experts known as investment advisers provide fee-based investment advice or do security analyses. Investment advisors are expected to fulfil norms of fiduciary duty and frequently have discretionary control over the assets of their customers. They charge you a fee up front to manage your assets or to provide financial advice, and they may also receive commissions from time to time. These commissions typically relate to the sale of securities or insurance.
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What is the key to data quality improvement?
Data collection, cleansing, and analysis are the first steps in improving data quality. after identifying and prioritizing the errors.
What three criteria should you use to evaluate the quality of your data?Read on to discover more about the five characteristics of good data: accuracy, completeness, reliability, relevance, and timeliness.
What factors affect data quality?Data accuracy is crucial because it allows you to make decisions that will provide your consumers with the greatest possible experience. A positive customer experience increases brand loyalty, customer satisfaction, and income for your company.
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True/False A mutual fund portfolio that is properly diversified will have all investment dollars located in just one of four different classes of financial assets.
False. All of the money invested in a properly diversified mutual fund portfolio will be invested in just one of four distinct financial asset classes.
How many mutual funds are in a portfolio that is diversified?The ideal number of funds for your MF portfolio is six to eight. You can invest in a maximum of ten funds as the portfolio grows in size to avoid becoming overly dependent on any one fund or fund house. The funds you are investing in, on the other hand, fall into the hybrid, debt, and equity categories.
Is a mutual fund a portfolio that is diversified?Every investor in a mutual fund owns shares of the fund, which they can either buy or sell at any time. Professionally managed mutual funds are typically more diversified, cost-effective, and convenient than investing in individual securities.
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in searching for growth opportunities, organizations using diversification analysis consider both current and new options for which two items? multiple select question.
In searching for growth opportunities, organizations using diversification analysis consider both current and new options for Products and markets.
Businesses employ a diversification strategy when they want to grow. It is common practice to introduce a new product into your supply chain in order to increase sales. This practice is known as business-level diversification, and these products may represent a brand-new segment of the market that your company already services. Instead, corporate-level diversification occurs when you join a new market.
Diversification is one of the four growth strategies promoted by Igor Ansoff. Depending on the industry, size, and goals of your company, one of these growth strategies may be more effective for you than the others.
1. Product
2. Development Penetration
3. Developing markets
4. Diversifying markets
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hile traveling in mexico, you see a necklace on a market vendor's table. when you ask the price, the vendor tells you 100 pesos. if the exchange rate is 1 mexican peso for $.075 u.s., how much is the necklace in u.s. dollars?
If the exchange rate is 1 mexican peso for $.075 u.s.The necklace in u.s. dollars is $75.
How is the peso value determined?
The Purchasing Power of the Peso (PPP) measures how much the peso from the base era is worth today. It is calculated by multiplying the CPI's reciprocal for the time period under consideration by 100. Inflation rate and PPP have the opposite relationships. Thus, PPP decreases when the rate of inflation rises.
The equation is as follows: Exchange Rate = Starting Amount (Original Currency) / Ending Amount (New Currency). The conversion rate, for instance, would be 0.75 if you were to swap 100 US dollars for 75 Euros. However, the conversion rate would be 0.75 if you were to convert 75 Euros for 100 US Dollars. Determine the sum in foreign currency.
100 USD is 1880.92000 MXN.
0.75 * 100 = $75.
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the invisible hand ensures that economic prosperity is distributed equally.
Contrary to popular belief, economic wealth is not spread equitably by the invisible hand.
What is the simple meaning of economic?Economists is the study of constraint and how it affects how resources are used, how commodities and activities are produced, how production and welfare rise over time, and a wide range of other difficult concerns that are extremely vital to society.
What make economics so crucial?People who study economics are well able to comprehend their surroundings. It gives individuals the ability to comprehend other people, organizations, economies, and governments, allowing them to more quickly react to the challenges and possibilities that arise as conditions change.
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what role do investment banks play in the​ economy?
Investment banks are significant financial organizations that provide trade and capital financing to both local and international firms.
Which investment is the absolute safest?The world's safest investments are generally agreed to be U.S. Treasury bonds. Investors consider U.S. Treasuries to be extremely safe investment vehicles because the US government never has defaulted on its obligations.
What is the minimum investment amount?To begin investing, you don't require a large sum of cash. Due to zero-fee brokerages as well as the miracle of fractional shares, you could actually start trading in the stock market as little as $10.
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which one of the following statements correctly describes a characteristic of an entity purchase agreement? a) individual owners each have the obligation to sell or offer to sell his or her interest to the other business interest owners when specified events occur. b) a business interest owner has the obligation or option to sell his or her interest to a non-affiliated third party when specified events occur. c) the business entity has the obligation or option to purchase every business owner's interest when specified events occur. d) a business entity has the obligation or option to purchase another business entity when specified events occur.
Individual owners each have the obligation to sell or offer to sell his or her interest to the other business interest owners when specified events occur.
What is the characteristic of an entity-purchase agreement?
An entity-purchase agreement is a contract between two entities that outlines the terms of a purchase. The agreement typically specifies the price and payment terms of the purchase, as well as the goods or services being purchased.
It can also include terms of delivery, warranties, and other conditions that are necessary for the transaction. An entity-purchase agreement is typically used when one entity is selling goods or services to another entity, and it may be used for business-to-business transactions or for transactions between a business and a consumer.
An entity-purchase agreement is a legally binding document, and it is important that all parties involved in the transaction understand the agreement before it is signed. The agreement should be reviewed by an attorney to ensure that it is legally binding and enforceable.
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what two factors influence an economic school of thought
the environment of the economist and the economic viability of the society the level of government economic involvement and the environment of the economist the personal beliefs of the economist and the viability of those beliefs the economic viability of the society and the level of government economic involvement
According to economists, incentives and costs influence decisions in a variety of ways. This is best shown by the consumer hypothesis of individual demand.
The task that economists do:Economists gather and analyze data, look for trends, and assess economic issues in order to study the production and distribution of resources, goods, and services. An economist is a person who studies how people make decisions and is enthusiastic about utilizing statistics to raise money, enhance public policy, or conduct research.
Which Economists Are the Most Well-Known?Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, Friedrich Hayek, and Milton Friedman are some of the most well-known economists, among many others who have achieved fame.
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Activity
You are a sales person in a vitamin store. What steps can you take to move up the company?
As a sales person I Look for a high-quality vitamin line that the pharmacist is willing to endorse. Brand loyalty is higher for premium vitamins than for inferior products.
How do you climb the corporate ladder?The first step towards climbing the corporate ladder might not be requesting for the new position just yet. Many AdRoll Group employees credit one small detail—mastering their core role—for their success in progressing forward in the organization.
Is it wise to advance in a company?You may remain enthusiastic and involved in your work if you have the chance to advance in your organization. Greater income, new initiatives, and increased power at work may accompany promotions. Getting promoted at work also looks.
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determine the percentage of assets that were provided by retained earnings. note: round your answer to 1 decimal place (i.e., 0.234 should be entered as 23.4). c-2. does the retained earning balance reflect the amount of cash that the company has available to pay dividends? d. based on the december 31, year 2, balance sheet, what is the largest cash dividend dakota could pay?
The percentage of assets that were provided by retained earnings. note: round your answer to 1 decimal place assets Investors 61.57 %. The largest cash dividend that Dakota could pay in Year 2 = $ 31,500 + $ 5,000 - $ 20,000 = $ 16,500.
What is meant by Investors?
A business investor is someone who lends you money with the expectation of receiving money back. An investor may be an individual, business, or mutual fund.Personal investors, angel investors, venture capitalists, and peer-to-peer loans are a few typical categories of startup investors.You are not an owner; you are a lending investor. You have invested in ownership if you purchase stock in a corporation.Your proportionate part of the company's profits will be deducted from the return you receive. The initial investment sum will continue to be correlated to the overall worth of the business.The two main categories of investors are institutional and retail, and they frequently come from a variety of professional backgrounds.Financial experts who manage investments for corporations or other sizable organisations are known as institutional investors or professional investors.To learn more about Investors refer to
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what is the value of the lease liability if marin also agreed to pay the fixed annual insurance on the quipment of $2,000 at the same time as the rental payments?
If Marine additionally agreed to pay the equipment's fixed yearly insurance of $2,000 along with the rental payments, the value of the lease liability would be $559,092.
Insurance premiums are an executory expense. The insurance payments must be taken into account since a gross lease is assumed. When initially evaluating the lease liabilities, factor in the present value of the lease payments.
The first responsibility would therefore be calculated as follows:
rental payments' current value = $550,000
Calculation:
Lease Liability = $120,987
Present Value of annuity due which is factored at 5% for 5 years
Rental Payments = (120987 * 4.54595) = $550,000
insurance payments' current values = $9,092 ($2,000 x 4.54595)
[The present value of a five-period annuity at 5% is 4.54595.]
Lease liability = $559,092
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you loaned $100 to a friend for one year at a nominal rate of interest of 5 percent. inflation during that year was 8 percent. how much did the purchasing power of your money change (an increase is positive and a decrease is negative)?
The correct response is d. decrease by approximately 3 percent. The purchasing power of your money change decrease by approximately 3 percent.
The number of goods and services that can be bought with one unit of currency is known as the purchasing power. For instance, one unit of currency in the 1950s would have been able to buy more products than it would now if taken to a store, proving that the time period's currency had a higher purchasing power. The buying power of an individual's income decreases if their monetary income remains constant while prices rise. Since one's income may increase more quickly than the level of prices, inflation is not always associated with a decline in one's ability to buy goods and services.
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You loaned $100 to a friend for one year at a nominal rate of interest of 5 percent. Inflation during that year was 8 percent. How much did the purchasing power of your money change (an increase is positive and a decrease is negative)?
a. increase by approximately 3 percent.
b. increase by approximately 13 percent.
c. decrease by approximately 13 percent.
d. decrease by approximately 3 percent.
To rent a certain meeting room, a college charge a reervation fee of $46 and an additional fee of $8.60 per hour. The film club want to pend le than $114.80 on renting the meeting room. What are the poible amount of time for which they could rent the meeting room? Ue t for the number of hour the meeting room i rented, and olve your inequality for t.
The number of hours the room will be rented is 8 hours.
What is the equation when a reservation fee and an additional fee are given?Assume the reservation fee is $46 and the additional fee is $8.60 and the film will rent by $114.80. The equation will be 46+8.60t<114.80
What are reservation fees?The cost a hotel levies for making a reservation for a room is referred to as a reservation fee. In that it is paid to reserve the buyer's accommodation, it is quite comparable to a security deposit. However, the money is only returned if the customer cancels the reservation before the payment deadline. Once the fee is paid, the property is temporarily taken off the market, providing the prospective buyer exclusive access to the unit. Reservation fees give the hotel a kind of comfort that, in the event that the room is canceled, they will be reimbursed for the lost business.
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