16,000 widgets should be produced by this business to maximize profits if the market price is $10.
So answer is 16,000.
Just what is profit?Profit is the amount of money you have after covering business expenses. Gross, operational, and net profits are the three basic categories of profit. The largest is gross profit. It displays the amount of money that was left over after paying for the sold goods and services. Following is operating profit. It demonstrates how much money is left over after running expenses like rent, power, phone bills, and occasionally workers are covered. The last is net profit. It displays your income after all expenses and taxes have been paid. Net profit is yours to keep.
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on march 1, 2021, sunshine paid $102,000 for a new copy machine. it was estimated that the machine would produce 850,000 copies over the next 5 years, at which time it could be sold for $17,000.the copy machine made the following number of copies during its life: 2021 110,000 copies 2022 168,000 copies 2023 154,000 copies 2024 143,000 copies 2025 87,500 copies it was sold on june 1, 2025 for $18,500. assume that sunshine uses the straight line method of depreciation. what would the effect be on its 2022 balance sheet if sunshine neglects to use salvage value in its depreciation calculation:
Its depreciation expense calculation is $7,480.
Calculation of 2021 depreciation expense:
Cost = $102,000
Date of purchase = March 1, 2021
Useful life = 5 years
Double declining balance method
Depreciation for 2015
Depreciation expense = cost x depreciation rate
Depreciation rate = 200% x 1/useful life = 200% x 1/5 = 40%
Depreciation expense = $102,000 x 200% x 1/5 = $40,800
Depreciation expense for March 1 – Dec 31 = 40,800 x 10/12 = $34,000
Book value, Dec 31, 2015 = $102,000 – 34,000 = $68,000
Depreciation expense, 2016 = book value x depreciation rate
Depreciation expense, 2016 = 68,000 x 40% = $27,200
Accumulated depreciation = 34,000 + 27,200 = $61,200
Book value = 102,000 – 61,200 = $40,800
Depreciation expense, 2017 = book value x depreciation rate
Depreciation expense, 2017 = 40,800 x 40% = $16,320
Accumulated depreciation =34,000 + 27,200 + 16,320 = $77,520
Book value = 102,000 – 77,520 = $24,480
Depreciation expense, 2018 = book value x depreciation rate
Depreciation expense, 2018 = 24,480 x 40% = $9,792
Accumulated depreciation = 34,000 + 27,200 + 16,320 + 9,792 = $87,312
Book value = 102,000 – 87,312 = $14,688
However, the book value of asset cannot be lower than its residual value, which is $17,000
Hence depreciation expense for 2018 is adjusted accordingly.
Depreciation expense, 2018 = 2017 book value – residual value
= 24,480 – 17,000 = $7,480
Hence, depreciation expense for 2018 = $7,480
The time period depreciation refers to an accounting approach used to allocate the cost of a tangible or physical asset over its beneficial life. Depreciation represents how plenty of an asset's fee has been used. It permits agencies to earn sales from the assets they personal by paying for them over a sure time period.
Depreciation is a term that refers to 2 components of the same concept: first, the actual lower of truthful value of an asset, which includes the lower in cost of manufacturing unit system every 12 months
Agencies report depreciation as a periodic price on the profits assertion. property lose price as they depreciate over time. There are 4 most important methods used to calculate depreciation: instantly-line, gadgets of manufacturing, double declining stability and sum of the years' digits.
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rachel owns 100 percent of a gift shop with an equity value of $150,000. if she keeps the shop open 5 days a week, ebit is $75,000. if the shop remains open 6 days a week, ebit increases to $92,000 annually. rachel needs an additional $50,000 which she can raise today by either selling stock or issuing debt at an interest rate of 7 percent. the principal amount would be repaid in equal annual payments at the end of the next five years. ignore taxes. what will be the cash flow for the next year to rachel if she issues stock to another individual, remains open 6 days a week, and distributes all the residual cash flow to the shareholders?
The cash flow for the next year to Rachel if she issues stock to another individual, remains open 6 days a week will be option B which is $88500.
Gift shops are open 6 days a week,
EBIT = $92000
Debt = $50000 issued at 7% of interest
Interest = 50000 × 7% = 3500
Residual Cash Flow to shareholders
= EBIT - Interest
= 92000 - 3500
= 88500
Hence the cash flow for the next year to Rachel if she issues stock to another individual, remains open 6 days a week, and distributes all the residual cash flow to the shareholders is $88500.
Earnings before interest and taxes (EBIT) are a typical proportion of an organization's working productivity. As its name recommends, EBIT is an overall gain barring the impact of obligation interest and expenses. Both of these expenses are genuine money costs, yet they're not straightforwardly produced by the organization's center business tasks
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three pigs construction wants to purchase three new machines to make construction faster. the cost of the machines is $260,000. the net cash flows resulting from the investment are as follows: year 1: $90,000; year 2: $80,000; year 3: $80,000; year 4: $75,000. compute the payback period for this project.
The payback period for this project is of 4 years.
What is the payback period?The time it takes to recoup the cost of an investment is referred to as the payback period. It is simply the amount of time it takes an investment to break even. The payback period is crucial since people and businesses invest money primarily to be reimbursed.So, the payback periods are:
The investment is $260,000.
Then the payback periods will be:
3 years 90,000 + 80.000 + 80,000 = $250,000
Now, add the cash flow of the 4th year:
250,000 + 75,000 = $3,25,000
Therefore, the payback period for this project is of 4 years.
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A monopolistically competitive firm in the long run will produce an amount that is _______ the quantity where average cost is at a minimum and charge a price that is _______ marginal cost.
The complete statement is "A monopolistically competitive firm, in the long run, will produce an amount that is less than the quantity where the average cost is at a minimum and charge a price that is Greater than marginal cost."
What is marginal cost?Generally, The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost. This term is used in economics to refer to the cost of producing an extra quantity.
In conclusion, The whole sentence reads as follows: "In the long term, a monopolistically competitive company will produce an amount that is less than the quantity where the average cost is at a minimum and charge a price that is more than the marginal cost."
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what happened within three years after millercoors hired an it services firm to help them replace seven different instances of their sap erp systems with one consolidating instance?
What happened three years after MillerCoors hired a service company to help them replace seven different examples of their rubber system with one example of consolidation was launching a more unified structure designed to serve the entire company.
A service company is a business that has production activities whose products are intangible or services and aims to meet the needs of consumers and make a profit.
In everyday life there are many examples, one of which is public transportation services. With this company, people are helped to travel from one place to another. With increasingly advanced technology, these services can now be ordered with an online application. Consumers can order transportation services and deliver them to their destination using only their smartphone. You can even send goods or order food through the online application.
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When a commercial bank receives a deposit, it must keep part of the deposit as cash reserves to satisfy its
A) securities and loans.
B) required reserves.
C) excess reserves.
D) interbank loans.
E) loan requirements.
When a commercial bank receives a deposit, it must keep part of the deposit as cash reserves to satisfy its required reserves.
What is Reserve Requirements?
In order to match consumer deposits, banks are required to hold a certain quantity of cash in their vaults or at the nearby Federal Reserve bank. One of the three basic instruments of monetary policy, together with open market operations and the discount rate, is the reserve requirement, which is determined by the board of governors of the Federal Reserve.
Another tool at the Fed's disposal to manage liquidity in the banking system is the reserve requirement. The Fed implements an expansionary monetary policy when it lowers the reserve requirement, and a contractionary monetary policy when it raises the requirement. This latter step reduces liquidity and causes the economy to slow down.
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on september 1, 2024, daylight donuts signed a $189,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on march 1, 2025. daylight donuts should report interest payable at december 31, 2024, in the amount of:
When interest-bearing short-term notes payable mature, the interest is typically paid on the same day. However, the terms of long-term notes frequently require periodic interest payments.
The note's capital is $100,000. The annual interest rate is 9%. Interest for a year is equal to $100,000 0.09 $9,000 Interest per month is equal to $9,000 / 12 $750 Interest due on December 31, 2021, is equal to $750 4 months $3,000 The remaining interest expense, which is equal to $100,000 0.09 6/12 = 4,500 $3,000 = $1,500, will be incurred in 2022.
Interest payments are almost always required for notes payable. It is necessary to accumulate the unpaid interest on the debt for the time it has been outstanding. Interest accrual results in a cost and a liability. For interest payable, a different liability account is used so that it can be identified separately.
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The _____ market includes food, clothing, transportation, banking services, credit services, and entertainment.
The "consumer market" includes food, clothing, transportation, banking services, credit services, and entertainment.
Define the term consumer market?In a consumer market, buyers purchase goods and services for their own use or to share with everyone rather than to resale.
The majority of the goods on this market are necessities for consumers' daily life. A consumer market enables people to buy goods and services. It mostly consists of the items that people utilize on a daily basis. There is a consumer market for both products and services.A customer who purchases a manicure, a car wash, a sports team, or just a sports trainer might take part in the form of services. Although customers who purchase these services may not receive tangible items, they are exchanging money for experiences.Thus, Food, clothing, transportation, banking, credit, and entertainment are all part of the "consumer market."
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Which of the following terms apply to a bond?
A. Par Value
B. Coupon Rate
C. Dividend Yield
D. Time to Maturity
Time to Maturity is a term that applies to a bond.
A transaction's or financial instrument's maturity is the point at which its existence ends, after which it...
In order to attract new investors, financial institutions occasionally change maturity dates for a brief period of time. A bank may provide a greater rate of return for a short-term certificate of deposit (CD) while offering promotional CDs. The promotional CD will often renew at the speed and terms specified when it reaches maturity.
Maturity is the agreed-upon time when the investment finishes, frequently leading to the payback of the investment.
Despite being used for deposits, currencies, interest rate and commodity swaps, options, loans, and other transactions, it is most frequently used in reference to bonds.
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the journal entry to record the purchase of materials on account in process cost accounting is a(n):
the journal entry to record the purchase of materials on account in process cost accounting is a debit Work in Process Inventory and credit Raw Materials Inventory.
Credit, which derives from the Latin verb credit, which means "one believes," is the trust that permits one party to give money or resources to another party, with the understanding that the second party will not immediately pay back the first party (thereby creating a debt), but will instead promise to pay back or return those resources (or other materials of equal value) at a later time. To put it another way, credit is a way to formalize reciprocity, make it enforceable by law, and extend it to a sizable number of unconnected persons.
The resources offered may take the form of money (such as the granting of a loan), commodities, or services (e.g. consumer credit). Any type of deferred payment is considered credit. Credit is given to a debtor by a creditor, sometimes referred to as a lender.
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company sunland sells $2400 of merchandise on account to company wildhorse with credit terms of 1/10, n/30. if company wildhorse remits a check taking advantage of the discount offered, what is the amount of company wildhorse's check? $2220 $2376 $2310 $2130
B) If the company Wildhorse sends a check using the cash discount provided, the check's total will be $2,376, according to the agreement.
A cash discount is what?Cash discounts are incentives provided by sellers that lower the amount that the buyer owes by a set dollar amount or by a predetermined percentage of the total bill. If an invoice has a 30-day payment term, for instance, the seller can grant the buyer a standard cash discount of 2% in exchange for paying the invoice within the first 10 days of receiving it.
Small cash discounts help the seller since they make it more likely that the buyer would make a prompt payment. Therefore, cash discounts give the seller access to funds more quickly; on occasion, it may be preferable to get 95% of an invoice within a few days rather than having to wait 30 or more days for the remaining balance.
Early payment enables the seller to use the funds to reinvest in the company more quickly.
Calculation:
The following chart illustrates how the Concord Company check's amount was calculated:
= Discount from the item's sale price
= $2,400 - ($2,400 × 1%)
= $2,400 - $24
= $2,376
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a customer with no other mutual fund investments wishes to invest $47,000 in the windmill growth fund. if the class a shares are eligible for a breakpoint sales charge discount at the $50,000 investment level, the action least appropriate for an agent is to
If the class a shares are eligible for a breakpoint sales charge discount at the $50,000 investment level, the action least appropriate for an agent is to place the order as instructed.
What does a business discount mean?
A business will give a product or service at a discounted price as a sales discount. Find out how to add discounts to invoices. Customers of a business receive a discounted price on one or more of the goods or services being supplied when they take advantage of a sales discount, sometimes known as simply a "discount."What does "discount" signify in marketing?
Discounts are price cuts applied to the regular cost of a good or service in an effort to generate or boost sales. Retailers and manufacturers work together to offer these discounts, which are also frequently referred to as "sales" or markdowns, in a variety of industries.Learn more about discount
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Which of the following are Section 1231 assets? Explain. Assume all the items have been held long-term.
Machinery used in the business
Personal home
Factory building
Land held as an investment
Land used in a business
Shares of stock in Jones Corporation
Inventory
Musical composition held by the composer
Section 1231 of the U.S. Internal Revenue Code establishes the category of assets known as section 1231 assets. Real estate or depreciable business equipment kept for more than a year is a section 1231 asset.
Buildings, equipment, land, timber, and other natural resources, unharvested crops, cattle, livestock, and leaseholds with a minimum of one year's duration are some examples of section 1231 assets. Poultry and a few other animals, patents, inventions, and inventory—such as products kept for customer purchase—do not fall under the definition of section 1231 property.
Section 1231 assets include any machinery used in the enterprise.
Personal residence: a section 1245 property rather than an asset under section 1231.
Building a factory: Section 1231 assets
Investment land is not a Section 1231 asset.
Agricultural property: Section 1231 assets
Because Jones Corporation stock is a capital asset under Section 1221, it is not a Section 1231 asset.
Since the commodities are held for sale, inventory is not a Section 1231 asset.
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the makers of red bull energy drink want to generate earned media and create associations between the brand and popular culture. which of the following types of media vehicle may be particularly useful in this strategy?
Sponsorship of the Cliff Diving World Series media vehicle may be particularly useful in this strategy.
The Red Bull Cliff Diving World Series is an annual worldwide series of cliff diving competitions that Red Bull founded in 2009. A select group of participants determines the Cliff Diving World Series champion.
Everywhere in Red Bull Cliff Diving World Series, Slingshot Sponsorship created a cutting-edge marketing campaign for a female sports brand with roots in Norway.
Slingshot Sponsorship recognized a huge potential that was being passed up regarding the introduction of women to the event the next year because to the event's massive global viewership.
Slingshot Sponsorship developed a PR campaign around a series of "teaser-dives" from notable spots throughout Norway in the lead-up to the cliff-diving series after forming a collaboration between the female sportswear company Kari Traa and the cliff-diving superstar, Ana Bader.
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consider an oligopoly industry whose firms have identical demand and cost conditions. if the firms decide to collude, then they will want to collectively produce the amount of output that would be produced by: multiple choice a pure competitor. a monopolistic competitor. a pure monopolist. none of these is correct.
Consider an oligopoly industry whose corporations have same demand and price conditions. If the firms figure out to collude, then they will want to collectively produce the quantity of output that would be produced by: A pure monopolist.
What type of oligopoly if the merchandise produced by means of quite a number types are identical?the merchandise of pure oligopolists have a tendency to be similar. A pure oligopoly is characterised by way of the existence of a small number of large corporations which produce homogeneous products. E.g. Steel, Aluminium.
Why do oligopolies often collude?In an oligopoly, no single firm enjoys a giant quantity of market power. Thus, no single firm is in a position to raise its fees above the charge that would exist underneath a best competition scenario. In an oligopoly, all companies would want to collude in order to raise fees and understand a higher monetary income
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https://brainly.com/question/3005866#SPJ4each morning the controller gets the prior day's list of remittances, a copy of the payment report, and a copy of the deposit slip returned from the bank. when comparing these items, the controller would be able to determine that
The amount on the deposit slip would not match the remittances or the payments reported if the cash received was not deposited in its entirety or remittances were not posted.
What is payment report?Based on the payments and refunds in the system, the payments report shows a summary of payments, donations, and refunds, or your cash flow transactions. The income report, which lists all invoices created within the given time period, whether paid or not, differs from the payments report.For a certain period range, the payment analysis report shows how, when, and what kinds of payments are received at your clinic.The goal of preventive controls is to lessen the likelihood of errors and fraud before they happen, and they frequently center on the idea of separation of roles. Preventive controls are crucial from the perspective of quality because they are proactive and centered on quality.To learn more about payment report refer to:
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Explain when (if at all) the asset or liability would require subsequent measurement at fair value. Cite the supporting Codification paragraph(s). Do not include excerpts from the Codification. Additionally. if fair value measurement is subsequently required or allowed, explain the likely level of the fair value hierarchy (Level 1, 2, or 3) to be used and the valuation technique (market, cost, or income) that would most likely apply.
At fiscal year-end, a company has an equity investment that gives the company significant influence over the investee, but not control over the investee.
As per IFRS 13, subsequent fair value measurement is required of those assets and/or liabilities that are subjected to being carried forward at fair value. For example, in case a fixed asset is measured using the revaluation model, the asset will have to be measured at fair value and subsequently the initial recognition.
Few examples of when subsequent fair value measurement is done:
Financial Intruments are measured at fair value through OCI or through profit or loss.Property, plant, and equipment were measured using the revaluation model.Investment properties are measured using a fair value model.There are three levels that are used for fair value measurement.
Level 1 - Quoted price for an identical asset in the active market.Level 2 - Quoted price for a similar asset in the active market or unquoted price of the identical asset in the passive marketLevel 3 - Best estimate or significant unobservable inputs e.g. discounted cash flowsCodification helps to discourage the municipal legislative body from enacting redundant or inconsistent new ordinances, and shall we the council or board view the frame of law as an entire and notice any gaps in insurance which may need regulation. the first everlasting system of codified laws might be observed in imperial China, with the compilation of the Tang Code in advert 624. The codification is prepared in a tiered shape.
This code system wonderful the 2 gadgets separately through the items of comparable names. Codification enables the organization to bring buying commands without difficulty and quickly and divide the shopping department into commodity sections each engaged within the buying of a selected range of shops. The linguistic term codification refers to the strategies by using which a language is standardized. these techniques encompass the advent and use of dictionaries, fashion and utilization courses, conventional grammar textbooks, etc
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what benefits do private and public interests bring to society? what are some disadvantages of private and public interests?
Private interests often lobby the government for particularized benefits, which are narrowly distributed. These benefits usually accrue to wealthier members of society.
They give citizens access to private and collective goods. Public goods are often underfunded and underproduced, and some private goods are unfairly distributed among elites.
Poor people may also have lower levels of effectiveness. This refers to the belief that you can make a difference or that the government cares about you and your opinion. People who are less efficient are less likely to participate in politics, such as voting or joining interest groups. Public goods offer special benefits, while private goods are more diversified. Public goods provide broad utility and private goods provide specific utility.Learn more about Private interests here: https://brainly.com/question/1206328
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true or false? e-detailing can be defined as the asynchronous presentation of goods and services.
False, e-detailing can be defined as the asynchronous presentation of goods and services.
Economic services are a recognizable subset, and business services share these traits. The key distinction is that businesses are focused on creating services systems in order to provide value to their clients and to play both the service provider and the service consumer roles. Items that fulfill human needs and serve a purpose, such as a consumer purchasing a satisfying product, are considered to be goods. The terms "transferable goods" and "transferable services" are frequently used interchangeably. technology in information. Technology is now advancing in the business sector as a result of the contemporary changes that take place.
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Which of the following is NOT included in finance charges?
A: Change of address fees
B: Overdraft fees
C: Annual fees
D: Late fee charges
The Late fee charges is not included in finance charges.
A late fee is a charge imposed on a consumer who fails to make the payment on a debt or other financial obligation by the due date.
The finance charge does not include any charge of a type payable in a comparable cash transaction.
The charge is not included from finance charge are application fees charged to all applicants, charge for late payment, seller's point, real- estate related fees.
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should the government use monetary and fiscal policy in an effort
Fiscal policy typically affects consumers more than monetary policy when the two are compared.
Is it better to use fiscal or monetary policy?Given that it can result in more employment and income, fiscal policy typically has a greater impact on consumers than monetary policy.Governments drain money from the economy and stifle business development through raising taxes.It is best to combine monetary and fiscal policies.Fiscal policy can directly put money into or take money out of people's pockets, whereas monetary policy impacts financial conditions and the amount of bank reserves. Fiscal policy alters governmental spending and taxation, which impacts overall demand.These variables affect household income and employment, which in turn affect consumer spending and investment.Money supply in an economy is impacted by monetary policy, which in turn affects interest rates and inflation.To learn more about fiscal policy refer,
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you are purchasing a used car and will make 5 annual payments of $3,500 starting one year from today. if your funds could be invested at 9%, what is the present value of the care? (round answer to nearest dollar) $20,946 $13,614 $14,839 $17,500
The present value of the car is $13,614 for funds invested at 9% and annual payments of $3,500 starting one year from today.
Using the Excel Present Value formula, which reads as follows, one can calculate the car's present value:
The formula is PV (rate, n per, PMT, fv, type)
where as,
After that rate is 9%
In that case, n per is equal to 5 years.
The PMT now requires $3,500 in annual payments.
FV then stands for Future Value, which is not provided.
But Type is 0
Then we are putting the values of annual payments above:
Now put the value is = PV(9%,5,-3500,0)
After that = $13,613.78 or $13,614
Consequently, the car's present value is $13,614 in total.
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_____ is a form of licensing in which a firm contracts with another firm to operate a business under an established name according to a specific set of rules.
A franchise (or franchising) s a form of licensing in which a firm contracts with another firm to operate a business under an established name according to a specific set of rules.
what is a franchise?A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. The term "franchise" technically refers to the agreement that binds the two parties, but it is more frequently used to describe the business that the franchisee runs. The process of developing and disseminating a brand and franchise network is known as franchising.Franchise connections can be of two different forms. Commercial Format The most recognizable type is franchising. In a business format franchise, the franchisor not only offers its trade name, goods, and services to the franchisee, but also a full system for running the business.Hence,A franchise (or franchising) s a form of licensing in which a firm contracts with another firm to operate a business under an established name according to a specific set of rules.
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select all that apply in which situations does a company issue a note receivable? (check all that apply.)
The business lends money to businesses or employees.
The company extends the payment period and charges interest as an exception for a customer who is struggling financially.
A note receivable is issued by a company in which circumstances?
The business lends money to businesses or employees. By converting an existing account receivable, the company gives the customer more time to pay the debt plus interest.
In accounting, what are notes receivable?
A note receivable is an asset account linked to an underlying promissory note that specifies in writing the payment terms for a purchase between a "payee" (typically a company, sometimes referred to as a creditor) and the "maker" of the note (typically a customer or employee, sometimes referred to as a debtor). This account is linked to an asset account.
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Full Question = In which situations does a company issue a note receivable? (Check all that apply.)
in the 20th century, american companies began to produce more goods than buyers could consume. at the same time competition became more significant so companies used aggressive selling techniques to rid themselves of excessive inventory. this describes
In the 20th century, American companies started to produce more goods than buyers could consume. Meanwhile, competition became more significant so businesses used aggressive selling methods to rid themselves of excessive inventory. This describes 'the sale era'.
What is the Sales Era?
During the time period from 1920 to 1940, as the market began to become more saturated and intensified, competition increased among various businesses. This created a need for certain marketing and sales techniques. Businesses hoped through persuasion approaches that they could convince consumers to purchase their products.
This emphasizes the significance of the businesses that started to undertake aggressive sales approaches to sell or push their products and services, and the use of heavy public advertisements in all the available forms of media become prevalent.
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companies a and b are in the same industry and are identical except for cost structure. at a volume of 50,000 units, the companies have equal net incomes. when sales at both companies increase to 60,000 units, company a's net income would be substantially higher than b's. based on this information,
Last option is correct.
Moreover, If at a volume of 50000 units, both companies have equal net income and at 60000 units, Company A's net income is substantially higher than B, it means "Company A's cost structure has higher fixed costs then B's". Hence last option is correct.
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In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of u. S. Gdp. In recent years, exports have accounted for approximately 12% of gdp, while imports have more than tripled to over 15% of gdp.
As given that the imports and exports of goods and services constituted roughly 4% to 5% of the GDP and In recent years, the exports have accounted for approximately 12% while imports have more than tripled to over 15%, the statement that explain the increase in international trade and finance since the 1950s includes:
B. Better high-speed rail linesC. Improvements in telecommunicationsD. International trade agreements such as the North American Free Trade Agreement (NAFTA)What is an international trade?Basically, an international trade refers to an economic transactions that are made between countries. Among the items being traded are consumer goods such as television sets and clothing, capital goods, such as machinery and raw materials and food. Most international trade transactions are facilitated by an international financial payments in which the private banking system and the central banks of the trading nations play important roles.
To the United States, an international trade is important to its prosperity because its fuels economic growth, supports good jobs at home, raises living standards and helps Americans provide for their families with affordable goods and services.
Missing options 'Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply. An increasing number of import quotas. Better high-speed rail lines, Improvements in telecommunications, International trade agreements such as the General Agreement on Tariffs and Trade (GATT)"
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non-shareable financial pressures are one leg of the fraud triangle. which of the following is not an example of a non-shareable financial pressure? a. problems arising from personal failures b. a strong work ethic c. poor employer-employee relations d. business reversals
Business reversals is not an example of a non-shareable financial pressure.
What is fraud triangle?According to the Fraud Triangle theory, if all three elements—unshareable financial need, apparent opportunity, and rationalization—are present, a person is very likely to engage in fraudulent behavior.The fraud triangle includes more than just having a fictitious, unshareable financial need. The employee must believe he can handle his financial position in secret before taking the next step toward committing fraud.While neutralization is the basis for forming justifications prior to committing a crime, rationalization can be deployed to masquerade the main motivation after committing the crime. Rationalization is aimed at making a case for why the actions make sense.According to the idea, there are three elements that when combined, result in fraudulent behavior.To learn more about fraud triangle refer to:
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When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC:
Basis Fair Market Value
Maude:
Cash $ 27,000 $ 27,000
Land* 135,000 402,250
Totals $ 162,000 $ 429,250
*Nonrecourse debt secured by the land equals $178,500
James, Harold, and Jenny each contributed $250,750 in cash for a 25 percent profits and capital interest.
1.What is Maude’s tax basis in her LLC interest?
2.What tax basis do James, Harold, and Jenny have in their LLC interests?
3.What is High Horizon’s tax basis in its assets?
4.Prepare a tax basis balance sheet for the High Horizon LLC showing the tax capital accounts for the members.
Maude's initial basis in LLC is $60,125
The tax basis that James, Harold, and Jenny have in their LLC interests is $217,000
High Horizon’s tax basis in its assets is $779,250.
What is Maude’s tax basis in her LLC interest?Basis prior to debt relief = Basis in Land contributed + Cash contributed + Nonrecourse mortgage in excess of basis in land + Remaining nonrecourse mortgage
= $135,000 + $27,000 + ($178,500 - $135,000) + ($178,500 - $43,500 * 25% partner interest)
= $135,000 + $27,000 + $43,500 + $33,750
= $239,250
Maude Tax Basis in LLC interest = Basis prior to debt relief - Relief from mortgage debt
= $239,250 - $178,500
= $60,750
What tax basis do James, Harold, and Jenny have in their LLC interests?Tax basis = Cash contributed $250,750 + Remaining nonrecourse mortgage $33,750 (calculated in (b))
= $217,000
What is High Horizon’s tax basis in its assets?High Horizon takes $135,000 carryover basis in Land Maude contributed and $779,250 basis in cash contributed by the other partners. Note: Cash by Jamie, Harold and Jenny ($250,750 x 3) + Cash contributed by Maude $28,000 = $752,250 + $27,000 = $779,250.
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Hugo has been asked to create a detailed plan for the series of steps it will take to bring a new app to market. What role is he playing on his team?.
Hugo has been requested to draft a thorough plan outlining the many phases involved in launching a new app. He fills the position of "proceduralist" in his team.
Define the term proceduralist?A protocol is a written guide that explains to employees how to carry out one or more business process actions.
It outlines the steps' order and details what must be done at each one, frequently indicating when and by whom the procedure must be carried out.The management procedure is a set of simulation-tested procedures used to choose management activities, where the information, evaluation techniques, and harvest control guidelines are predetermined.Employees that adhere to procedures complete work appropriately and offer reliable customer service. This raises the standard of the goods and services your business offers. enhancing the reputation of your business in the process. Employees can take satisfaction in their work since they know they are performing their duties.Hugo has been requested to draft a thorough plan outlining the many phases involved in launching a new app.
Thus, Hugo fills the position of "proceduralist" in his team.
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