One year ago, your company purchased a machine used in manufacturing for $105,000. The NPV of keeping the current machine is -$8,887.45. The NPV of purchasing the new machine is $160,463.41. Comparing the two NPVs, we can see that purchasing the new machine has a higher NPV and is, therefore, the better option. The NPV of replacing the year-old machine is $160,463.41.
To determine whether the company should replace its year-old machine, we need to calculate the net present value (NPV) of the two options and compare them. The NPV takes into account the initial investment, future cash flows, and the opportunity cost of capital.
For the current machine, we can calculate the present value of the future cash flows as follows:
PV of future cash flows = $24,000 / (1 + 0.12)¹ + $24,000 / (1 + 0.12)² + ... + $24,000 / (1 + 0.12)¹⁰
PV of future cash flows = $156,112.55
We also need to subtract the market value of the current machine:
Net cash flow from selling current machine = $45,000 - $105,000 = -$60,000
So the NPV of keeping the current machine is:
NPV = -$105,000 + $156,112.55 - $60,000
NPV = -$8,887.45
For the new machine, we need to calculate the present value of the future cash flows and the initial investment:
PV of future cash flows = $40,000 / (1 + 0.12)¹ + $40,000 / (1 + 0.12)²+ ... + $40,000 / (1 + 0.12)¹⁰
PV of future cash flows = $320,463.41
Initial investment = $160,000
So the NPV of purchasing the new machine is:
NPV = -$160,000 + $320,463.41
NPV = $160,463.41
Comparing the two NPVs, we can see that purchasing the new machine has a higher NPV and is, therefore, the better option. The NPV of replacing the year-old machine is $160,463.41.
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a _____ is an eight-sheet billboard that offers a panel surface of 6 feet high by 12 feet wide.
A standard billboard, also known as a poster billboard, is an eight-sheet billboard that offers a panel surface of 6 feet high by 12 feet wide. It is one of the most common and widely used types of outdoor advertising displays.
The panel surface of the standard billboard is typically made of durable materials like vinyl or digital prints, allowing for high-quality graphics and messages to be displayed. Its compact size makes it suitable for various locations, such as roadsides, urban areas, and commercial areas. Standard billboards are effective in capturing the attention of passing motorists and pedestrians, making them a popular choice for advertisers to promote their products, services, or messages.
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To what extent is primary product dependency the
most significant constraint on economic
development (25 marks)
Answer: Primary product dependency is a large constraint on economic growth and development within LEDCs due to the fact that commodities and their producers are highly susceptible to price fluctuations.
Explanation:
Primary product dependency discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute to a lack of investment in other aspects such as education and industrial production.
Q2. 90% of flights depart on time. 80% of flights arrive on time. 75% of flights depart on time and arrive on time. Are the events, departing on time and arriving on time, independent?
Answer:
Events departing on time and arriving on time are NOT independent.
Explanation:
If two events A and B are independent, then
P(A and B) = P(A) * P(B)
Here
A = flights depart on time
B = flights arrive on time
P(A) = 0.90
P(B) = 0.80
If A and B are independent, then
P(A and B) = P(A) * P(B) = 0.9 * 0.8 = 0.72
Since
the observed value of P(A and B) is 0.75,
assuming that there are no observation errors, we conclude that the two events A and B are not independent.
Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and credit sales of $100,000. Based on an aging of its receivable, management estimates that $1,000 of receivables will be uncollectible. Delectable's financial statements will show ______. (Select all that apply.)
Answer:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
Delectable, Inc.'s unadjusted trial balance contains $10,000 in accounts receivable, $50 in allowance for doubtful accounts, and $100,000 in credit sales. Management predicts that $1,000 of receivables will be uncollectible due to aging. The financial statements for Delectable will indicate
Allowance for Doubtful Accounts of $1000 Bad Debt Expense of $950 Thus, option (b) and (e) is correct. What is Management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the management credit balance of $1000 and the Allowance for Doubtful Accounts of (1000-50)
Journal Entry Debit Credit
Bad Debts expenses 950
Allowance for Doubtful Accounts 950
Therefore, option (b) and (e) is correct.
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What are the codes of conduct and ethics that apply to ALL people in the real estate profession in
your state?
In the real estate profession, codes of conduct and ethics are crucial for ensuring fair and transparent transactions, maintaining client trust, and upholding the reputation of the industry.
While specific regulations may vary by state, some fundamental principles apply universally to all professionals in the field. These include:
1. Honesty and Integrity: Real estate professionals must act honestly, fairly, and in the best interest of their clients, avoiding misrepresentation and providing accurate information.
2. Confidentiality: Protecting clients' personal and financial information is essential to maintain trust and adhere to privacy laws.
3. Disclosure: Real estate professionals should disclose any conflicts of interest, material facts, or legal issues that could impact a transaction.
4. Professional Competence: Real estate professionals should stay informed about market trends, laws, and regulations and be competent in their knowledge and skills to provide appropriate guidance to clients.
5. Fiduciary Duty: Professionals should prioritize the client's interests and act in good faith to secure the best outcomes for their clients.
6. Fair Housing: Professionals must abide by the Fair Housing Act and refrain from discriminatory practices based on race, color, religion, sex, handicap, familial status, or national origin.
7. Cooperation: Real estate professionals should collaborate and communicate effectively with other professionals in the field, while maintaining a competitive and ethical approach.
8. Legal and Regulatory Compliance: Professionals must adhere to state-specific licensing laws, regulations, and continuing education requirements to remain in good standing with the industry.
In conclusion, real estate professionals must uphold a high standard of ethics and codes of conduct to foster a responsible, transparent, and trustworthy environment for clients and colleagues alike.
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the proper time to think about ethical accountability is _____________ making a decision.
The proper time to think about ethical accountability is before making a decision.
Ethical accountability should be considered as an integral part of the decision-making process from the very beginning. It is essential to reflect on the ethical implications and potential consequences of our actions before committing to a course of action. By doing so, we can ensure that our decisions align with moral principles and take into account the potential impact on stakeholders, society, and the environment.
Considering ethical accountability beforehand allows individuals and organizations to engage in a thoughtful and reflective analysis of the ethical dimensions involved in the decision-making process. This involves evaluating various ethical frameworks, considering the rights and well-being of others, and assessing the potential risks and benefits. Taking the time to think about ethical accountability before making a decision helps prevent hasty or impulsive choices that may have negative consequences.
Moreover, considering ethical accountability early on provides an opportunity to identify any conflicts or ethical dilemmas that may arise. It allows for a more comprehensive exploration of alternative courses of action that may better align with ethical principles. This proactive approach enables individuals and organizations to make informed decisions that prioritize ethical values and minimize harm.
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Jun.
1
2
4
Jun 1
5.
8.
Received cash from owner as an investment, $10,000.00.
Paid cash for insurance, $4,000.00
Bought supplies on account from All Star Company, $6,000.00.
Paid cash for supplies, $1,000.00.
Paid cash on account to All Star Company, $4,000.00
Helfrey Marketing Services uses the listed accounts. Prepare two T accounts for each transaction. On each T account, select the account title of one of
the accounts affected by the transaction. Enter the debit or credit amount in each T account to show the transaction's effect.
A T-account is an informal term for a set of financial records using double-entry bookkeeping.
What is T Account?A T-account is an informal term for a set of financial records using double-entry bookkeeping. It is called a T-account because the accounts are arranged in a T-shape. The account title appears just above the T.A T-account is a graphical representation of the general ledger that records a company's transactions. It consists of:Account title on the top horizontal line of Tleft debit sidecredit side on the rightThe following items will be represented in the T account:
Description Debit Credit
Received cash
from the owner
as an investment $10,000.00
Paid cash
for
insurance $4,000.00
Bought supplies
on account from
All-Star Company $6,000.00
Paid cash for supplies $1,000.00
Paid cash on
account to
All-Star Company $4,000.00
TOTAL $16,000.00 $9,000.00
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A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping.
What is a T account?A T-Account is a graphical representation of the journal entries that have been recorded in a general ledger account. The debits are shown on the left side of the T, and the credits are shown on the right. Accountants and bookkeepers can use this system to easily track account balances and identify errors in journal entries. A T-account is slang for a collection of financial records that use double-entry bookkeeping. A T-account exists so called because the bookkeeping entrances are arranged in the form of a T. Just above the T is the account title. The T account is a fundamental principle of financial accounting.The ensuing items will be described in the T account:
Description Debit Credit
Received cash
from the owner
as an investment $10,000.00
Paid cash
for
insurance $4,000.00
Bought supplies
on account from
All-Star Company $6,000.00
Paid cash for supplies $1,000.00
Paid cash on
account to
All-Star Company $4,000.00
TOTAL $16,000.00 $9,000.00
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True or False. Rather than aiming to produce inventory,
just-in-time inventory systems attempt to pull production according
to customer demand.
True. Rather than aiming to produce inventory, just-in-time inventory systems attempt to pull production according to customer demand.
Just-in-time inventory is a lean manufacturing methodology focused on production efficiency and cost control. The objective of JIT inventory management is to have the right materials in the right quantity and quality at the right time, thereby reducing inventory carrying costs and maximizing profits. The underlying concept of JIT inventory is that inventory costs can be reduced by only producing what is necessary, when it is necessary, and in the quantities required by the customer.JIT inventory management requires tight synchronization between the supply chain, inventory management, and production schedules. Rather than holding inventory in stock to buffer against unpredictable production needs, companies using JIT inventory systems rely on their supply chain partners to deliver inventory just in time to meet customer demand. JIT systems attempt to avoid waste by producing only the items necessary to meet immediate customer demand, while at the same time working to continually improve the production process.
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Q3.1) Discuss the distinctive characteristics of a selectionprocess for employees who will be working on an international assignment. (15)
Q.3.2) South Africa devotes a significant amount of its national budget to education and skill development. Training and skills development law governs education and training in South Africa. Three sections of legislation have a significant effect on how workplace training is handled. Identify each of the three pieces of legislation and describe their influence on training and development in South Africa.
Distinctive characteristics of a selection process for employees who will be working on an international assignment The selection process for employees who will be working on an international assignment requires certain distinct characteristics, which are as follows:
A cross-functional team should conduct interviews with prospective candidates in order to assess their competency and ability to work in a multicultural context. The organization should provide pre-departure orientation and language training to employees who have been selected for an international assignment, as well as follow-up training during and after the assignment to help them re-adapt to their home country after the assignment
The Skills Development Act of 1998 established the Skills Development Fund and the National Skills Authority, which are responsible for overseeing the development of a national skills development strategy and ensuring that employers are meeting their obligations under the Act.
The Employment Equity Act of 1998 requires employers to take affirmative action to promote equal opportunity and fair treatment in the workplace, including the provision of training and development opportunities for designated groups. This Act has been instrumental in promoting diversity and inclusion in South African workplaces.
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Costumers are considered a visual arts career.
true or false
Answer:
True.
Explanation:
A forensic accountant is similar to a(n) ______
because they both work to combat accounting fraud
A. international accountant
B. auditor
C. certified public accountant
D. general ledger accountant
SUBMIT
Answer:
B. auditor
Explanation:
The work of an auditor and that of the forensic accountants are very similar. They both examine financial records and statements of an organization to confirm their accuracy. The auditor and forensic accountant are specialized officers. They have been trained to detect fraudulent reporting in financial statements. After evaluating the books of account, they form an opinion based on their findings.
Differentiate the Single and Double Entry Book-Keeping in your own words. Furthermore, briefly explain the objectives of Double Entry Book-Keeping.
Answer:
See below
Explanation:
A single entry book keeping is when a cash book is being maintained to record income and expenses. In a single entry book keeping, only one entry is made per transaction like we have in check register.
Double entry book keeping is when an accounting entries have two sides, debit and credit leg. The right hand side is the debit while the left side is the credit.
Objectives of double entry book keeping
• To provide accurate recording of business transactions to management
• When there are problems in financial matters, book keeping assist in solving this problems through its systematic record of financial transactions .
• Book keeping also provide information to the management for making plans and decisions relating to finances.
What is the first step to open an account at the bank?
The first step to open a bank account is to collect all the requirements requested by the bank, then an appointment is requested to attend to open the account.
What is a bank?It is a commercial enterprise which is dedicated to carry out financial operations with the money that comes from customers or shareholders.
Banks are of great benefit to people since they allow them to save, collect and accumulate interest.
In order to open an account in a bank you must comply with a series of requirements such as:
To have an identity card.To have an income certification.Have references, among others.Learn more about banks in: https://brainly.com/question/14368059
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A company with 95,434 authorized shares of $4 par common stock issued 40,671 shares at $16 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $28 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Oa. 378,522 Ob. 855,443 Oc. 81,254 Od. $22,776
855,443 is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend. Therefore, the answer is option (b) 855,443.
We know that the authorized shares are 95,434 and the company issued 40,671 shares.
Therefore, unissued shares = 95,434 - 40,671
= 54,763 shares
In order to calculate the par value of common stock issued we will use the formula:
Par value of common stock issued = Par value per share x Number of shares issued Par value per share is $4
Therefore, the Par value of common stock issued = $4 × 40,671
= $162,684
Market value of the shares issued is $16 per share
Therefore, the Market value of shares issued = 40,671 × $16
= $651,456
The company declared a 2% stock dividend.
Therefore, the Total shares outstanding after the dividend = 40,671 + 40,671 × 2/100
= 40,671 + 813
= 41,484
Market value of shares after the dividend = 41,484 × $28
= $1,162,352
The par value of stock increased by the amount of the stock dividend
Therefore, Total par value of stock = $162,684 + $162,684 × 2/100 = $165,937.68
Increase in paid-in capital due to the stock dividend
= (41,484 × $28) - $651,456
= $162,684 + $165,937.68 - $651,456
=$-322,834.32
However, stock dividends are distributed from retained earnings, so we need to adjust the calculation for this.
Increase in retained earnings due to stock dividends
= $651,456 - $162,684
= $488,772
Total increase in paid-in capital accounts
= $-322,834.32 + $488,772
= $165,937.68.
This is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend.
Therefore, the answer is option (b) 855,443.
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Leadership development is the process which helps expand the capacity of individuals to perform in leadership roles within organizations. Leadership roles are those that facilitate execution of an organization's strategy through building alignment, winning mindshare and growing the capabilities of others.
Mentoring, training and organizational planning, with individual activities such as job rotation, job shadowing and project leadership, are often components of effective leadership development programs.
If you were to design the perfect leadership development plan, what would your design include? How would you know whether it was effective?
An effective leadership development program should be designed with certain components such as mentoring, training, organizational planning, job rotation, job shadowing, and project leadership.
1. Identify leadership skills and competencies: The first step in developing a leadership development program is to identify the leadership skills and competencies that are needed. This can be done through a job analysis or by looking at successful leaders within the organization.
2. Create a leadership development plan: Once the leadership skills and competencies have been identified, a leadership development plan can be created. This plan should include mentoring, training, and organizational planning, as well as individual activities such as job rotation, job shadowing, and project leadership.
3. Implement the plan: The next step is to implement the leadership development plan. This can be done through workshops, seminars, and coaching. It's important to provide opportunities for participants to practice their skills in real-life situations.
4. Evaluate the program: Finally, the effectiveness of the leadership development program should be evaluated. This can be done through feedback from participants and their managers, as well as through performance reviews. If the program is effective, participants should show improvement in their leadership skills and competencies.
Overall, a successful leadership development program should help expand the capacity of individuals to perform in leadership roles within organizations. It should facilitate execution of an organization's strategy through building alignment, winning mind share and growing the capabilities of others.
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Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.) 2019 2020 2021 Weighted-average outstanding shares
The weighted-average number of common shares outstanding during the following years are:
2019: 15,000 shares
2020: 15,000 shares
2021: 12,500 shares
To calculate the weighted-average number of common shares outstanding, we use the formula:
Weighted-average number of common shares outstanding = Sum of (number of shares outstanding × portion of year they were outstanding)
Let's calculate the weighted-average number of common shares outstanding during the following years:
2019: There are no changes in the number of shares outstanding, so the weighted-average number of common shares outstanding is equal to the number of shares outstanding: 15,0002020: In March 2020, 3,000 shares were issued. The weighted-average number of common shares outstanding can be calculated as follows:Portion of year 1 (Jan-Feb): 15,000 shares × 2/12 = 2,500 shares
Portion of year 2 (Mar-Dec): (15,000 + 3,000)/2 × 10/12 = 12,500 shares
Sum of weighted-average shares = 2,500 + 12,500 = 15,000
Therefore, the weighted-average number of common shares outstanding in 2020 is 15,000
2021: In September 2021, 5,000 shares were bought back and retired. The weighted-average number of common shares outstanding can be calculated as follows:Portion of year 1 (Jan-Aug): 15,000 shares × 8/12 = 10,000 shares
Portion of year 2 (Sep-Dec): (15,000 - 5,000)/2 × 4/12 = 2,500 shares
Sum of weighted-average shares = 10,000 + 2,500 = 12,500
Therefore, the weighted-average number of common shares outstanding in 2021 is 12,500.
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The Howell Company has prepared a sales budget of 40 comma 000 finished units for a 3-month period. The company has an inventory of 11 comma 000 units of finished goods on hand at December 31 and has a target finished goods inventory of 13 comma 000 units at the end of the succeeding quarter. It takes 3 gallons of direct materials to make one unit of finished product. The company has inventory of 61 comma 000 gallons of direct materials at December 31 and has a target ending inventory of 58 comma 000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Howell Company purchase during the 3 months ending March 31?
Answer:
Purchases= 123,000 gallons
Explanation:
Giving the following information:
Sales:
40,000 finished units for 3 months.
Finished goods inventory:
Beginning inventory= 11,000 units
Desired ending inventory= 13,000 units
It takes 3 gallons of direct materials to make one unit of finished product.
Direct material inventory:
Beginning inventory= 61,000 gallons
Desired ending invenyory= 58,000 gallons
First, we need to calculate the production for the period:
Production= sales + desired ending inventory - beginning inventory
Production= 40,000 + 13,000 - 11,000
Production= 42,000 units
Now, we can calculate the purchases:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 42,000*3 + 58,000 - 61,000
Purchases= 123,000 gallons
Tucker company uses the job costing method. for 2016, the total estimated manufacturing cost was $250,000. the total actual manufacturing overhead was $275,000 and the total allocated overhead was $280,000. the correct adjustment to cogs to dispose of the over/under allocated manufacturing overhead cost is to ________.
Tucker organisation makes use of the job costing method. for 2016, the whole estimated manufacturing fee was once $250,000. the whole proper manufacturing overhead was $275,000 and the complete allotted overhead was once $280,000. the right adjustment to cogs to dispose of the over/under allotted manufacturing overhead value is to $5,000.
Allocated manufacturing overhead is derived from dividing complete overhead costs by complete hours worked or whole hours a desktop was once used.
Why do we allocate manufacturing overhead?
Manufacturing Overhead
During the production process, these prices are crucial to the improvement and creation of goods, and you should allocate these charges to products so that they properly mirror the full cost of producing the good.
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https://brainly.com/question/17302739#SPJ4problem 2-21 (static) prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results lo 2-2, 2-3, 2-4 the information on the following page was obtained from the records of breanna incorporated: accounts receivable $ 40,000 accumulated depreciation 104,000 cost of goods sold 280,000 income tax expense 15,000 cash 130,000 net sales 420,000 equipment 240,000 selling, general, and administrative expenses 59,000 common stock (36,000 shares) 180,000 accounts payable 30,000 retained earnings, 1/1/22 34,000 interest expense 6,000 merchandise inventory 54,000 long-term debt 80,000 dividends declared and paid during 2022 24,000 except as otherwise indicated, assume that all balance sheet items reflect account balances at december 31, 2022, and that all income statement items reflect activities that occurred during the year ended december 31, 2022. there were no changes in paid-in capital during the year. required: prepare an income statement and statement of changes in stockholders' equity for the year ended december 31, 2022, and a balance sheet at december 31, 2022, for breanna incorporated. based on the financial statements that you have prepared for part a, answer the questions in parts b-e. what is the company's average income tax rate? what interest rate is charged on long-term debt? assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. what is the par value per share of common stock? what is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?
An summary of the company's financial performance for a certain time period is offered by the income statement.
What are an income statement and a balance sheet?The balance sheet provides a concise overview of a company's financial situation at a particular period. An summary of the company's financial performance for a certain time period is offered by the income statement. In order to offer correct information, it is further classified to include assets, liabilities, and shareholder's equity.cumulative depreciation of $40,000 on accounts receivable Cost of goods sold: 104,000; income tax expense: 280,000 15,000 cash Net sales of $130,000 240,000 in selling, general, and administrative costs, 420,000 in equipment 59,00 common shares (36,000 shares) $180,000 in payables Retained profits of $30,000. 1/1/22 34,000 in interest costs 6,000 items in the supply Long-term debt of 54,000 80,000 dividends announced and paid during 2022, excluding when specifically stated differently,To learn more about income statement refer to:
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If you have $35 in your checking account and swipe your debit card for a $50 purchase WITH overdraft protection, what most likely happens? *
I will give u a Brainliest
According to the condition, it will happens you can make the purchase, but you will also be charged an overdraft fee.
What do you mean by overdraft protection?A checking account's overdrafts are covered via an agreement made with the bank or other financial institution known as overdraft protection. This service normally has a cost attached to it, usually up to a predetermined maximum.
Even if there isn't enough money in your bank account, overdraft protection ensures that transactions still go through. Checks, ATM withdrawals, and debit card transactions are typically covered by this insurance.
The recipient won't be aware of your low bank balance thanks to overdraft protection, which also ensures that urgent transactions go through.
Therefore, if you have $35 in your checking account and swipe your debit card for a $50 purchase with overdraft protection, it will happens you can make the purchase, but you will also be charged an overdraft fee.
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Which type of tenancy creates a freehold estate?
a. Estate for years
b. Estate at will
c. Estate in sufferance
d. Estate in fee
A property manager
a. is the agent of the property owner
b. must live on the premises of the property managed
c. receives a special license restricted to property management from the state
d. must be a real estate broker
Which type of tenancy creates a freehold estate?
The correct answer for the type of tenancy that creates a freehold estate is d. Estate in fee
A freehold estate is an estate in land where the owner has indefinite ownership of the property. The owner can use the land as they please until they decide to transfer or sell the property. They have the freedom to dispose of the land as they please, but their ownership rights are not unlimited because there are restrictions that may apply.
What is a property manager?
Option A: is the agent of the property owner is the correct answer.
A property manager is a person or company that handles a real estate owner's day-to-day operations on their behalf. Property managers are responsible for collecting rent, maintaining the property, and managing tenants. They usually have a contractual relationship with the owner, which gives them the authority to act on behalf of the property owner.
The following options are the property manager:
Option A: is the agent of the property owner - This statement is correct because the property manager acts as an agent for the property owner, representing them in matters regarding the property.
Option B: must live on the premises of the property managed - This statement is incorrect because the property manager does not have to live on the premises of the property.
Option C: receives a special license restricted to property management from the state - This statement is incorrect because property managers require a license that is restricted to property management from the state.
Option D: must be a real estate broker - This statement is incorrect because property managers are not required to be a real estate broker.
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The expen Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accounting concept of se recognition principle states that expenses should be matched with revenues. Another way of stating the principle is to say that:
Another way of saying the above is that d. efforts should be matched with accomplishments.
The Matching Principle in Accounting falls under the Accrual basis which means that expenses should be matched to the period they were incurred and revenue should be matched to the period it was received for.
This ensures that the expenses match the revenue. Another way to say this is that efforts should be matched with their accomplishments because the business incurred expenses as efforts in a period in order to be able to get revenue as accomplishments in that same period.
For example, a business paying salespeople $30,000 in a year are doing so because they hope those salespeople will sell more than that $30,000 in that same year.
In conclusion, matching expenses to revenue is like matching efforts to accomplishments.
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What is financial literacy?
- the ability to understand how to make sound financial choices so you can confidently manage and grow your money
- the financial management that an individual or a family unit performs
- the shift in the structure of an economic system
- the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc
Financial literacy refers to the knowledge and skills that individuals have to make informed and effective decisions with respect to the management of their money. This can include understanding financial concepts such as budgeting, saving, investing, and credit management, as well as being able to navigate financial systems and institutions. Financial literacy also includes understanding the risks and rewards of different financial products and services and how to plan for short-term and long-term financial goals.
Having financial literacy skills can help individuals make the most of their financial resources, and can also help to reduce financial stress and anxiety. It enables individuals to be more financially stable, secure and independent in the long run. It also can help to avoid financial scams, and make sound decisions in times of economic crisis or uncertainty.
Financial literacy is important for people of all ages and income levels, as everyone must deal with financial issues and decisions throughout their lives.
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Answer:1)The ability to understand how to make sound financial choices so you can confidently manage and grow your money.
2) The CEO of the Finance Bar
3) Tracking your income and expenses
4) The financial management which an individual or a family unit performs
5) your language
Explanation: Just took the quiz 5/5
The _____ perspective on management consists of the systems, contingency, and quality-management viewpoints
Answer:
Contemporary
Explanation:
what is the decision making process
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
There are actually five steps in the process the five steps are:
There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision. Most decision making starts with some sort of problem.
Explanation:
Hope this helps: D
- Lea
Brainliest pleae: P
Waylon is back-to-school shopping with his mom at a large department store. He’s picked out the following items: 3 pair of pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1 hoodie for $26, 1 pair of shoes for $37. When they get to the register, they see this sign:
Answer: uhhhh
Explanation:
Answer: Waylon's Purchase will cost $198.05, and section B depends.
Explanation: Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
Explain the role audit committee plays in the company
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
Hope this helps.☝
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Using two-period panel data analysis and a
three-variable model, show how first
differencing can eliminate the fixed or unobserved effects.
Fixed or unobserved effects in panel data analysis relate to individual-specific traits that are stable throughout time and may skew the results.
First differencing is a method used to get rid of these fixed effects and concentrate on the variable's time-varying component.The individual-specific traits that endure across time can be differentiated out by taking the first difference of the variables. This is accomplished by deducting each variable's value from its value in the preceding period.Consider the following three-variable panel data model as an illustration: Y_it = _i + X_it + _it, where Y_it stands for the dependent variable, X_it for the independent variable, _i for the fixed or unobserved effect, and _it for the error term.Using this model's initial distinction, we
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In at least 150 words, analyze the relationships of users and participants in marketing research projects. Examine each group that makes up the structure of the marketin
Answer:
Financial markets offer some solace
Explanation:
Financial markets offer some solace: After tumbling the most in more than two months on Wednesday in the wake of the April consumer price data, the S&P 500 Index jumped on Thursday and Friday. Bond yields also retreated after a surge, suggesting no big fear of breakout inflation.#accelerationism