GGE Enterprises Inc.
1a. The amount reported for total liabilities is:
= $17,650
1b. The amount reported for stockholders' equity is:
= $38,000
2. Retained earnings reported on December 31 is:
= $8,000
3. Total amount that GGE Enterprises owes to its creditors is:
= $17,650
4. The cash being held by GGE Enterprises Inc. is:
= $30,550
5. The retained earnings increased by $3,000 during the period.
6. The amount of profit during December is:
= $8,750
7. The total expenses for December is:
= $18,000
8. The amount paid for rent was:
= $5,225
What types of liabilities are there?Liabilities are any outstanding debts owed by your business, including bank loans, mortgages, unpaid bills, IOUs, and other sums of money. A liability exists if you haven't paid someone who you committed to pay a certain amount of money to in the future.
A car—is it a liability or an asset?Your car is a depreciating asset in accounting speak. As a result, you might be able to sell your car right now because it is valuable. However, that value often decreases over time while you possess the car.
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The Government should REQUIRE delivery of all technical data that it needs or may reasonably need in the future, even if it is delivered with Limited or Restricted Rights. True False O Mark for follow up
Even if information is supplied with Limited or Restricted Rights, the Government should REQUIRE delivery of any technical data that it needs or might reasonably need in the future. False. A thorough collection plan should be established in advance before data acquisition begins.
Data acquisition is the process of gathering data using a computer and electrical devices. The can be affected by temperature, current, voltage, and other factors.
An illustration of data acquisition is the collection of data using sensors to track weather conditions. In this method, data was acquired in accordance with a predetermined format. Each column or row of data will be useful in predicting the weather, including the likelihood of rain, an earthquake, and other weather-related events. In order to get pertinent information using data, a collecting plan should be established in advance for this kind of data.
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Covariance is a statistical measure of the degree to which two variables fluctuate about their means together. covariance suggests that as the first variable moves in one direction, the second variable moves in the same direction. However, the magnitude of the covariance determines how precisely the variables move in lockstep.Calculating covariance is cumbersome and generally is done with computer programs or calculators. The equation for calculating the sample covariance between variables x and y in a data set is:cov(x,y)=∑i =1n(xi − x⎯⎯)(yi − y⎯⎯)n-1cov(x,y)=∑i =1nxi − x¯yi − y¯n-1Covariance is a little tricky to interpret. Usually, the larger the absolute value of the covariance, the stronger the linear relationship is. However, the magnitude of the covariance depends on the unit of measurement, so it is not always true that a large covariance implies a strong linear relationship. A large covariance could mean a strong linear relationship or just small units of measure.Also, the units of covariance are expressed as the units of x times the units of y. So if you were calculating the covariance of the returns of two stocks measured in percentages, the units of the covariance would beCovariance is an important factor when discussing stock returns. The covariance of stocks with each other and an individual stock’s returns with market returns figure prominently into portfolioisk and return decisions.Correlation CoefficientThe correlation coefficient (r) standardizes the linear relationship (covariance) between two variables and is calculated as:rx,y=cov(x,y)σxσyrx,y=cov(x,y)σxσyThe correlation coefficient overcomes the scaling problem of the covariance. The correlation between any two random variables must satisfy the following equation:-1 ≤ r ≤ 1() If the variables are perfectly positively correlated and the behavior of one variable can be predicted perfectly by the other because the variables will move in the direction. () If the variables are perfectly negatively correlated and the behavior of one variable can be predicted perfectly by the other because the variables will move in the direction. () If the variables are said to be uncorrelated, which that the variables are independent of each other. There are no definitive rules indicating what constitutes weak or strong correlation, but generally a correlation coefficient with an absolute value between 0 and 0.3 is thought to have a weak correlation. Correlation coefficients with an absolute value between 0.3 and 0.6 are moderately correlated, and correlation coefficients with an absolute value higher than 0.6 are strongly correlated.However, it is very important to recognize that correlation does not indicate causality. Just because two variables are highly correlated, that does not mean that either variable causes the other. Correlation merely categorizes the behavior of variables relative to each other; it makes no assertion as to what causes that behavior.
Two random variables' covariance, or how much they change together when they are related, is measured. A change in one variable is equivalent to a change in the other, or we may say that it describes the changes between the two variables.
What is Types of Covariance?Both positive and negative covariance values are possible. It has two different types as a result.
A favorable covarianceNegatively correlatedA favorable covariance
Any time the covariance between any two variables is positive, it indicates that the direction of movement for both variables is the same. In this situation, the variables behave similarly. This indicates that two variables are said to be in positive covariance if their values (more or less) are related.
Negatively correlated
If any pair of variables' covariance is negative, they will both move in the opposite direction. As opposed to positive covariance, where higher values of one variable correspond to lower values of another and vice versa, negative covariance is the inverse.
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apply the concepts of deductibles, coinsurance, benefit limits, and inflation to convert a given loss amount from a policyholder into the corresponding payment amount for an insurance company
coinsurance is the percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible.
Your deductible is the sum you must pay before your health insurance starts to pay. Once your deductible has been met, you are responsible for coinsurance, which is a portion of your medical costs. It's similar to how you split the cost of petrol with your buddies when you ride in a carpool.
It is the portion of the cost of medical care that an insured patient is responsible for after the health insurance plan's yearly deductible has been met. A coinsurance rate of 80/20, for instance, means that the insurance provider will cover 80% of the approved medical expenses and the patient will be responsible for the remaining 20% in cash.
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FILL IN THE BLANK increasing wage inequality results when international trade leads to____________wages for workers in exporting industries and _________ wages for workers in importing industries.
Increasing wage inequality results when international trade leads to higher wages for workers in exporting industries and lower wages for workers in importing industries.
Trade and employment have a number of connections to development: Trade produces jobs. For instance, exports can boost revenue by raising demand, generating greater returns, and pushing production closer to its maximum capacity, which has an impact on employment levels. Imports have the ability to boost the labor market by increasing the inflow of information and other inputs. Trade enhances employment opportunities through raising worker skill levels, increasing the productivity via economies of scale, a diverse clientele, and information transfer, all of which are associated with higher wages and improved skill levels. Trade and the services economy are important drivers of employment. Services are not only the most pertinent source of employment, but they are also playing a bigger role in the development of occupations associated with global value chain.
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the supply schedule displays the supply in a ___ form, showing the different prices and their corresponding quantities supplied
table
The supply schedule displays the supply in a table form, showing the different prices and their corresponding quantities supplied.
Which definition of supply fits the situation best?Supply is the volume of things a provider makes available to customers. Prices, consumption of commodities, and demand for services are all influenced by supply and demand. Higher demand is a good sign for suppliers to raise supply, according to the law of supply.
How does supply operate?According to the law of supply, a good's supply quantity (i.e., the amount owners or manufacturers offer for sale) increases as the market price does, and decreases as the price does. The law of demand, on the other hand, asserts that as an item's price increases and vice versa, fewer people would demand that good.
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the realized rate of return can be calculated at any time up to the final maturity date of the security.
a. true
b. false
An investment's gain or loss over a given time period is stated as a percentage of the investment's cost and is known as a rate of return.
What is the formula for realized rate of return?By deducting the investment's initial value from its current value and then dividing the result by the original investment, one can determine a basic rate of return. The outcome is multiplied by 100 before reporting it as a percentage.
What does "realized rate of return" mean?Realized rate of return is defined as yield equal to the sum of interest received, discounts accreted, and premium amortization, plus any gains or losses realized throughout the month, less all fees, divided by the average daily amount for the reporting period. It is then necessary to annualize the achieved return.
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Describe the sequence of events in a financial crisis and explain why they can cause economic activity to decline: a) In an advanced economy. b) In an emerging market economy. c) Contrast the stages of a financial crisis between an advanced economy and an emerging market economy.
Describe the sequence of events in a financial crisis and explain why they can cause economic activity to decline: a) In an advanced economy.
How is the economy affected by the financial crisis?Asset values endure a sharp decrease in value during a financial crisis, firms and individuals are unable to pay their loans, and financial institutions face a shortage of liquidity.
Cheap credit and loose lending rules, which created a housing bubble, were the root causes of the financial crisis of 2008. The banks were left with trillions of dollars' worth of worthless investments in subprime mortgages after the bubble crashed. Following the Great Recession, many people lost their homes, savings, and jobs.
Unexpected/uncontrollable human behavior, systemic failures, risk-taking opportunities, regulatory absence or failures, or diseases that cause issues to spread like a virus from one company or nation to another are all factors that contribute to financial crises.
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in a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. they are seeking blank , which reflects the relationship of benefits to costs, or what you get for what you give.
In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. they are seeking Value .
What is Value ?The value of something in money: A fair return or equivalent in products, services, or money for something transferred is referred to as the market price. relative value, usefulness, or significance. a nice deal for the money.
The difference between a potential customer's assessment of the advantages and disadvantages of one product as compared to others is value in marketing, sometimes referred to as customer-perceived value.
Business value is an assessment of the health and prosperity of a company based on the measurement of both tangible and intangible factors, such as financial assets and utility, as well as employee, customer, supplier, and social worth. These metrics differ between businesses and departments, but they can give a clearer picture of how much a firm is worth.
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farrah, a real estate agent, bought a condo. she did not act as a licensee during the transaction, but hired another licensee to represent her. during the course of the transaction, the agent representing her converted her funds. farrah sued the agent and received a final judgment against him in civil court. he was unable to pay. Can Farrah make a claim to the Recovery Fund?
Yes, Farrah can make a claim to the fund, because anyone can make a claim to the fund - licensees acting in that capacity as well as licensees not acting in that capacity.
No, a real estate licensee can never make a claim to the fund.
Yes, Farrah can make a claim to the fund, because she was not acting in her capacity as a licensee.
No, buyers can never make a claim to the fund (only tenants or landlords can).
Submit answer
Yes, Farrah can make a claim to the Recovery Fund. As a real estate agent, she did not act as a licensee during the condo transaction and hired another licensee to represent her. Hence option A is correct.
Since the agent representing her converted her funds, she sued and obtained a final judgment in her favor. The Recovery Fund typically exists to compensate individuals who have suffered financial losses due to the actions of a licensed real estate agent.
In this case, since Farrah was not acting in her capacity as a licensee and was the victim of the agent's wrongdoing, she should be eligible to make a claim to the fund to seek compensation for her losses.
Therefore, Option A is correct.
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When Geni told Matt, her broker, that she wanted to take her house off the market even though there were four months to go in their listing agreement, Matt kindly agreed to let her out of the contract in exchange for reimbursement of his expenses. This is an example of:
A buyer is only liable for compensation if she uses the services of a buyer's broker, even though she has signed an agreement with multiple buyer's agents at the same time.
Who is the buyer?Anyone in the fields of finance and business who investigates, evaluates, and purchases products for businesses to sell or use in their operations is referred to as a buyer.
Buyers, who are also known as purchasing agents, are required to work within a set budget and frequently negotiate favorable prices for the items they wish to purchase.
For a variety of customers, including individuals, artists, and the film industry, department store buyers are in charge of making purchases of the goods and services offered in stores.
These items can include furniture, sporting goods, clothing, and accessories. The best products at the best prices must be found by store customers.
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for a firm in the short run, if the firm produces the quantity at which , the firm is earning .
Maximizing profits in the short term. A company chooses to produce at the level where its marginal income and cost are equal in order to maximize profits.
How much will the business be producing soon?In the short term, the business will continue to operate, producing the amount where MR = MC in order to reduce losses if price falls below average total cost but remains above average variable cost. The corporation will temporarily stop operating and reduce output to zero if the price drops below the average variable cost.
How does the business determine how much output it will need in the near future?The firm's objective when selecting how much output to generate is to maximize profits within two constraints: the firm's production costs and consumer demand for its products. Demand from customers will determine the price at which a company selling goods in a fully competitive market may do so.
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How many questions are on the FSOT?
You will have between 3 and 3.5 hours to finish the 153-question Foreign Service Officer Test (FSOT), which also includes one essay. There are four portions to the test.
The Foreign Service Officer Test (FSOT), which covers the job knowledge, English language, and situational judgement essential to function as a Foreign Service Officer, is a crucial component of the FSO selection process. An essay is also part of the FSOT. Due to the method of scoring, the score needed to pass the test may vary significantly from year to year. However, for the three 154 multiple-choice parts, you often require a minimum total score. The written essay must then receive at least 6 out of a possible 12. When you register, there is a $5 hold charge. After you pass the test, you get your money back. However, if you enrol for the FSOT after that.
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Which of the following best describes why the maximum sustainable yield for marine fisheries has been exceeded?
a. the desire to live in less crowded, more peaceful conditions
b. The number of fish is getting less
c. Too little interest in consuming fish
d. too many fish of childbearing age are being harvested
Too many fish of childbearing age are being harvested best describes why the maximum sustainable yield for marine fisheries has been exceeded
Because too many fish of childbearing age are being caught, the maximum sustainable yield for marine fisheries has been exceeded. The greatest quantity of fish that can be taken from a population without the population decline is known as the maximum sustainable yield (MSY).
When fish of reproductive age, also known as fish of childbearing age, are harvested in excess, the population may suffer since there aren't enough fish to breed and replenish the population. It's crucial to remember that overfishing can occur for a number of reasons, including excessive technological usage, poor resource management, and a failure to take into consideration the effects of fishing on species other than the ones targeted.
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.The executive vice president of Washburn Guitars has set a sales target of 2,000 units for a new line of guitars. This type of objective is a ________ pricing objective.
Multiple Choice
a) market share
b) profit
c) unit volume
d) survival
e) target return
The executive vice president of Washburn Guitars has set a sales target of 2,000 units for a new line of guitars. This type of objective is a unit volume pricing objective, which means option C is correct.
According to the law of demand, price of an item and its demand are inversely proportional to each other, which means that if demand increases, prices tend to lower down, so as to get maximum benefits. In unit volume pricing, the main objective is to utilize the carrier's existing capacity to the fullest such that the prices of the item encourages market production. Pricing objective consists of profits, sales, market share, unit volume, survival and social responsibility. Since the company owner looks for greater sale in units, hence his approach is classified as unit volume oriented.
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determine how the production of units should be allocated between the and plants to maximize operating income for corporation. show your calculations
To maximize operating income for the corporation, we need to allocate the production of units in such a way that the total operating income generated from both plants is maximized.
Plant A:
Unit Price: $50
Variable Cost: $20
Fixed Cost: $10
Contribution Margin: $50 - $20 = $30
Operating Income: Contribution Margin x Units Produced = Operating Income
Plant B:
Unit Price: $50
Variable Cost: $30
Fixed Cost: $20
Contribution Margin: $50 - $30 = $20
Operating Income: Contribution Margin x Units Produced = Operating Income
Plant A:
Operating Income = $30 x Units Produced
Plant B:
Operating Income = $20 x Units Produced
To maximize operating income, we should produce as many units as possible at Plant A (since it has the higher contribution margin) and then produce the remaining units at Plant B.
For example, if we produce 100 units, we should produce 80 units at Plant
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a state statute provides as follows: any judgment properly filed shall, for 10 years from the date of filing, be a lien on the real property then owned or subsequently acquired by any person against whom the judgment is rendered. a landowner conveyed a lot in that state to his aunt, who had had a judgment lien recorded against her two years earlier in the county in which the land was located. one year later, the aunt conveyed the property to a buyer by general warranty deed. the deed did not mention the lien, but the buyer was aware of it. two years later, the buyer conveyed the property to a creditor by special warranty deed. the creditor was not aware of the lien and her deed also made no mention of it. one year after
A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
What are the facts concerning judgment liens?Nonconsensual judgment liens are those that are connected to property without the owner’s consent or agreement. In most states, creditors must record liens through a county or state filing. These liens can be connected to real or personal property, or to future purchases if the debtor does not have any at the time of judgment.
A judgment is an official decision made by a court in a civil dispute, according to the most basic meaning. A judgment lien, also known as a “abstract of judgment,” is an involuntary lien that is issued to provide constructive notice and attaches to the property and/or assets of the Judgment Debtor.
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On December 31, 2021, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,500. The company estimates that $2,600 of the year-end receivables will not be collected. Accounts receivable in the 2021 balance sheet will be valued at: Multiple Choice a. $2,600. b. $50,900. c. $53.500.
d. $53,500.
e. $56,100.
On December 31, 2021, the end of Larry's Used Cars' first year of operations, the company estimates that $2,600 of the year-end receivables will not be collected. b. $50,900 is the correct answer.
This means that $2,600 of the $53,500 in accounts receivable will not be paid by the customers and should be written off as uncollectible.
To find the accounts receivable in the 2021 balance sheet, we subtract the estimated uncollectible amount from the year-end receivables:
$53,500 - $2,600 = $50,900
So, the accounts receivable in the 2021 balance sheet will be valued at $50,900. This value represents the amount of money that the company expects to collect from its customers.
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Use the provided material to answer questions 2-4.
Vandox Company Ltd is a company looking to secure a loan with a commercial bank.
The following details are available:
1. Interest expense = $58,000
2. Earnings = $215,000
3. Total liabilities = $143,000
4. Total assets = $450,000
5. Total equity = $29,000
2. Calculate the interest coverage ratio.
A business bank is interested in lending money to Vandox Company Ltd. Interest coverage is 3.7 times.
How do you calculate leverage ratio for banks?The leverage ratio required for the purposes of the community bank leverage ratio framework is calculated by dividing tier 1 capital by average total consolidated assets, similar to how banking organisations calculate their leverage ratios under the generally applicable capital rule.
The first of these theories, the net income method, contends that a company's capital structure and its value are inextricably linked. As a result, lowering JJ Company's cost of capital will be advantageous. The use of bonds allows a company to keep cash on hand. Leverage is defined as the ratio of borrowed money to the trader's own money. A trader can use leverage to place orders with significantly higher volume than they could otherwise.
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when a company changes from the straight-line method of depreciation for previously recorded assets to the double-declining-balance method, which of the following should be reported?
A change in depreciation method should be reflected retrospectively in financial statements and disclosed, including nature, reason and effect of change.
When a company changes its method of depreciation for previously recorded assets from the straight-line method to the double-declining-balance method, it is considered as a change in accounting principle. This change should be reported in the financial statements and should be reflected retrospectively.
This means that the company should restate the prior period financial statements as if the new method had always been used. Additionally, the company should provide disclosure in the financial statements about the nature of the change, the reason for the change and the effect of the change on the financial statements.
This is important to keep the financial statements consistent and to provide clear information about the financial performance of the company to the stakeholders. This change may affect the company's net income and retained earnings, and it's important to provide the information in a clear way.
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Ireland produces more potatoes than any Ireland produces more potatoes than any other country. This means it has an absolute advantage in potato production. True or False
Absolute advantage refers to a company's capacity to create a good or service at a lower absolute cost per unit using fewer inputs or a more effective process than a competitor.
What does absolute advantage mean?Absolute advantage is the capacity of an entity to create a good or a service at a lower absolute cost per unit utilizing fewer inputs or a more effective method than another entity producing the same thing or service.
A company, a person, or a nation can develop a certain asset more quickly than its rivals if they have an absolute edge. The ability to manufacture an object at a lower opportunity cost than rivals belongs to entities with a comparative advantage.
Absolute advantage in economics refers to an economic agent's ability to create more of a good than its rivals, whether that agent is an individual or a group.
Therefore, the statement is true.
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Which economic development of the late 19th century most directly made possible the degree of opulence displayed in the above photo?
answer choices
The advent of corporations
Development of the trust and growth of monopolies
Technological advances in steel making
Changes in property tax laws
The correct answer is option b. Development of the trust and growth of monopolies is economic development of the late 19th century most directly made possible the degree of opulence.
Trust is an anchor of a efficient economic system. It helps in facilitating the transactions between individuals, firms, and governments, it also boosts investment and innovation, it further permits effective policymaking and finally leads to higher growth.
Monopoly is referred as a market structure where there is only one seller in the market, only a single seller assumes a dominant position in the sector. It restricts competition. Monopolies usually are discouraged in free-market economies as they reduces competition and also limit the substitutes for consumers in the market.
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Complete question
Which economic development of the late 19th century most directly made possible the degree of opulence?
answer choices
a. The advent of corporations
b. Development of the trust and growth of monopolies
c. Technological advances in steel making
d. Changes in property tax laws
In the chocolate market, Green & Black is acting at the ___ responsibilities level of thepyramid of corporate social responsibility when it makes a profit, does so by abiding by thelaws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.A. stakeholderB. societalC. culturalD. corporateE. ethical
In the chocolate market, Green & Black is acting at the stakeholder responsibilities level of thepyramid of corporate social responsibility when it makes a profit, does so by abiding by thelaws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.
What are some examples of stakeholders?
Stakeholders might include a broad range of individuals who are influenced by or invested in the project. A stakeholder, for instance, could be the shareholder or the owner.
Customers, suppliers, bondholders, employees, and vendors are all examples of stakeholders. Stakeholders include shareholders.
What makes it a stakeholder?
A "stake" is a sum of money or other valuable item that is positioned in a wager, just as it is today. By the 1700s, the term "stakeholder" had become popular to describe the person who places those bets; they are referred to as the stake holders.
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A coupon-dispensing machine in a grocery aisle and an employee handing out free samples of a new product are both examples of ________.A) pretailing
B) retail theming
C) shopping orientations
D) POP stimuli
A coupon-dispensing machine in a grocery aisle and an employee handing out free samples of a new product are both examples of POP stimuli .
What is coupon system?
Digital coupons can be created, distributed, and tracked by businesses using coupon systems. A system like this can assist your business in a number of other ways, including tracking affiliate links, preventing discount fraud, and increasing consumer involvement and loyalty.
What is a management system for coupons?
A promotion tool known as a coupon management system aids in the creation, management, and real-time tracking of coupons. While providing you with real-time data on how and when the coupons are being utilized, a coupon management system aids in engaging with your customers.
A coupon is a piece of printed paper that entitles you to a discount or free product on top of the regular price you would pay.
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Two investment opportunities have the following expected cash flows if your minimum required return is 27% which proposal would be best and why
A) Choose Proposal B because it has the highest IRR. B) Choose Proposal A because it has the highest IRR. C) Choose Proposal A because it has the highest NPV. D) Choose Proposal B because it has the highest NPV. E) Neither proposal would add value (ie, both proposed projects have a negative NPV)
The internal rate of return (IRR) rule states that a project or investment should be pursued if its IRR is greater than the minimum required .
Define cash flow?
Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and cash spent signifies outflows. The cash flow statement is a financial statement that reports on a company's sources and usage of cash over some time.Cash flow from operations is comprised of expenditures made as part of the ordinary course of operations. Examples of these cash outflows are payroll, the cost of goods sold, rent, and utilities. Cash outflows can vary substantially when business operations are highly seasonal.Cash flow refers to the incomings and outgoings of cash that represent the operating activities of your business. Think of cash flow as a picture of your bank account over time. If more money comes into your account than goes out, your cash flow is positive. If more goes out than in, it's negative.To learn more about cash flow refers to:
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True or False: Central to the definition of marketing communications is the notion that all marketing mix variables, and not just promotion alone, can communicate with customers.
Central to the definition of marketing communications is the notion that all marketing mix variables, and not just promotion alone, can communicate with customers. The given statement is true.
What is marketing communications?
Advertising, promotions, sales, branding, campaigns, events, and internet promotions are all examples of marketing communications. [3] The procedure enables the general public to get familiar with or comprehend a brand and gain a comprehensive understanding of what the brand offers. The initial step is brand recognition, and the final goal is brand preference over rival brands. Growing technology and practises have made it possible for customers to participate directly. This is accomplished by incorporating their concepts and works into brand development and product development. Targeting people who understand the organization's goal and vision, corporate values, and marketing strategy is essential for successful branding.
The marketing communications mix is a collection of instruments that may be used to send a clear and consistent message; advertising is a tiny but significant element of this mix.
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To summarize withdrawal information separately from the other records, owner withdrawal transactions are recorded in the owner's capital account.
answer choices
True
False
To summarize withdrawal information separately from the other records, owner withdrawal transactions are recorded in the owner's capital account. This is a false statement.
What is included in a capital account?The primary elements of the capital account are banking, loans, foreign investments, and other capital or monetary movements in the foreign exchange reserve. The capital account flow is a reflection of various elements, including commercial borrowings, investments, loans, banks, and capital.
What exactly are the capital account and current account?The current account keeps track of actual transactions, like the import and export of goods. The capital account keeps tabs on a country's net balance of foreign investments, or in other words, it monitors the money transfer between a country and its foreign partners.
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Define: long run. Comment on the following statement: It takes 20 years to reach the long run. Long Run: macro condition reached when all microeconomic adjustments have been completed under our nice assumptions and has reached pareto optimal general competitive equilibrium.
The long run is a time frame during which all cost and production parameters are erratic. It doesn't takes 20 years to reach the long run. There is no specific time.
What is long run?
The long run is a time frame during which all cost and product parameters are erratic. In the long run, businesses can modify all costs, still in the short run, they can only affect pricing by changing product situations.
What distinguishes the short run from the long run?
The short run is a time frame in which at least one input's quantum is constant while the amounts of the other inputs are flexible. The length of time in which all input amounts are flexible is known as the long run.
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an entity that uses the gross margin method of estimating inventory should do which of the following?
The entity should calculate the gross margin by subtracting the cost of goods sold from the sales revenue.
An entity that uses the gross margin method of estimating inventory should calculate the gross margin percentage by dividing the gross profit by the net sales. This percentage should then be applied to the current period's net sales to estimate the current period's cost of goods sold. The difference between the current period's cost of goods sold and the prior period's ending inventory balance will be the estimated current period's ending inventory balance. The entity should also review the estimated ending inventory balance for reasonableness and adjust it if necessary. Gross margin equates to net deals minus the cost of goods vended. The gross periphery shows the quantum of profit made before abating selling, general, and executive( SG&A) costs. Gross margin can also be called gross profit margin.
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pericarditis may occur as a complication from endocarditis caused by staphylococcus aureus. virulence mechanisms attributed to the spread of this organism include all of the following except:
virulence mechanisms attributed to the spread of this organism include all of the following except M protein.
the method or instrument used to achieve a goal or bring about an effect. a piece of machinery or any mechanical device. a machine, comparable equipment, or something related, or the arrangement or organisation of its pieces. the mechanical component of something; any mechanical apparatus: clock movement mechanism The majority of the time, a mechanism is a component of a bigger operation known as a mechanical system or machine. A mechanism is a term that is often used to describe a whole machine. Any tool used to convert or regulate motion, transfer control, or transmit power is considered a mechanism within a machine or piece of machinery. In order to provide the desired output forces and movements for the user, a mechanism alters the input forces and movement.
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an appraiser is most likely to use the cost approach for which of the following properties? condominium built in the 1990s cooperative movie theater single-family residence built in the 1950s
An appraiser is most likely to use the cost approach for Movie theater of the following properties
Option C is correct
What is an approach to costing?The cost approach is a real estate valuation technique that assumes that a buyer will pay the same amount for a piece of property as it would cost to construct an equivalent structure. The property's value is calculated using the cost approach, which subtracts depreciation from the total construction costs.
What exactly is cost-based fair value?The cost approach is based on the assumption that the fair value would not exceed the cost, adjusted for obsolescence, that a market participant would incur to acquire or construct a replacement asset of comparable utility.
Question incomplete:an appraiser is most likely to use the cost approach for which of the following properties?
A. Condominium built in the 1990s
B. Cooperative
C. Movie theater-
D. Single-family residence built in the 1950s
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