We can actually deduce here that it is false to say that the first step in budgeting is to evaluate your current financial position by looking at just your income and expenses. Thus, the answer is false.
What is budgeting?Budgeting is actually known to be the process of estimating one's revenues and expenses over a specified future period of time. Budgets are actually known to be compiled and re-evaluated from time to time i.e on a periodic basis.
We see here that when budgeting, one need to check previous expenses and income and evaluate the financial trend and then look into the future through financial prediction.
The complete question is:
The first step in budgeting is to evaluate your current financial position by looking at just your income and expenses.
TrueFalseThus, the answer is false.
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Advertising on a website is considered mainly what type of advertising media.
Answer:
Social media advertising
Explanation:
Types of advertising:
Paid search advertising.
Social media advertising.
Native advertising.
Display advertising.
Print advertising.
Broadcast advertising.
Outdoor advertising.
When preparing the statement of retained earnings, which account is carried forward from the income statement?
The account that is carried forward from the income statement is the ending balance of the retained earnings.
What is retained earnings?Retained earnings is the cumulative portion of the profit of a company that is not distributed to shareholders as dividends. Retained earnings increase the value of a firm. Net income increases retained earnings. Losses and dividend payment reduces retained earnings.
Retained earnings is carried forward because it is a permanent account. This means that the account is not closed at the end of the accounting period. Instead, the previous balance of the accounting balance is carried forward to the new account.
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the government has decided to stimulate the economy by spending money to update the fleet of vehicles owned by the government.
The government's decision to stimulate the economy by spending money to update its fleet of vehicles is an example of fiscal policy aimed at boosting economic activity. This type of government spending can have several potential impacts:
Increased Demand: The government's investment in updating its vehicle fleet creates additional demand for automobiles, which can positively impact the automotive industry.
Multiplier Effect: Government spending on vehicle updates can have a multiplier effect on the economy.
Technological Advancement: Updating the government fleet provides an opportunity to incorporate newer technologies, such as electric vehicles or vehicles with improved fuel efficiency.
Infrastructure Development: In some cases, the update of the government vehicle fleet may also require improvements in infrastructure, such as charging stations for electric vehicles or maintenance facilities. Government Efficiency: Upgrading the government's vehicle fleet can lead to increased operational efficiency and cost savings over the long term.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
What is the MOST likely result of imposing a price ceiling on a particular product?
Answer:
Usually, when a price ceiling is imposed, the demand for the product goes up. This can cause a shortage of products because of their high-demand. Conversely, the opposite occurs when a price floor is imposed.
Firm commitment versus best efforts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity (a) a best efforts arrangement whereby Astro will keep 2. 8% of the retail sales or (b) a firm commitment arrangement of $9,900,000. Lunar plans on offering 1,000,000 shares at $12. 66 per share to the public. If it sells 100% of the shares, which is the better choice for Lunar Vacations? Which is the better choice for Astro Investment Bank?
Under the best efforts arrangement, what are the proceeds for Lunar Vacations? $___ (Round to the nearest dollar. )
The proceeds for Lunar Vacations under the best efforts arrangement would be $12,305,520. The better choice is option a.
Under the best efforts arrangement, Astro Investment Bank will keep 2.8% of the retail sales, which means Lunar Vacations will receive the remaining percentage as proceeds. To calculate the proceeds for Lunar Vacations, we need to determine the retail sales amount first.
If Lunar Vacations plans to offer 1,000,000 shares at $12.66 per share, the total retail sales amount would be 1,000,000 shares multiplied by $12.66 per share, which equals $12,660,000
Now, to find the proceeds for Lunar Vacations under the best efforts arrangement, we subtract Astro Investment Bank's share (2.8% of $12,660,000) from the total retail sales amount:
Proceeds for Lunar Vacations = $12,660,000 - (0.028 * $12,660,000)
Proceeds for Lunar Vacations = $12,660,000 - $354,480
Proceeds for Lunar Vacations = $12,305,520
Therefore, the proceeds for Lunar Vacations under the best efforts arrangement would be $12,305,520.
Regarding which choice is better for Lunar Vacations and Astro Investment Bank, it depends on various factors such as their financial goals, risk tolerance, and market conditions.
The firm commitment arrangement of $9,900,000 provides Lunar Vacations with a guaranteed amount, but it may limit the potential upside if the stock price rises significantly.
On the other hand, the best efforts arrangement allows Lunar Vacations to benefit from any potential price increase but comes with the risk of not achieving the desired sales. Similarly, for Astro Investment Bank, the better choice depends on their desired level of involvement and potential profit.
The firm commitment arrangement provides a fixed fee of $9,900,000, while the best efforts arrangement allows them to potentially earn more through the 2.8% share of retail sales. The better choice is option a.
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the amount of goods and services you can buy with a dollar in the global market ______.
The amount of goods and services you can buy with a dollar in the global market increases with a rising dollar value.
What occurs when the Fed raises the money supply?When an economy's money supply expands more quickly than its capacity to generate goods and services, inflation results. A rise in the money supply has two effects: it lowers interest rates, which encourage investment, and it puts more money in the hands of consumers, which makes them feel wealthier and encourages consumption.
Inflation is a possibility when the Federal Reserve expands the money supply. Prices will almost always go up, the cost of commodities will fluctuate, and inflation is almost certain. Short-term interest rates are lowered by an increase in the money supply. This reduced cost of borrowing money encourages investment spending and moves the AD curve to the right.
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Answer:
increasing with a rising doller value
Explanation:
9. Explain what price discrimination consists of. Provide five examples where price discrimination occurs. 10. React to the following quote: "Information is expensive to produce, but cheap to reproduce."
Price discrimination is the practice of charging different prices for the same good or service based on various factors, such as customer type, quantity purchased, time of purchase, and location.
Price discrimination aims to maximize profits by charging the highest price that each group of customers is willing to pay. The five examples where price discrimination occurs are as follows:
a. Discounts for students and senior citizens: Many businesses offer discounted prices to students and senior citizens as they are considered price-sensitive groups.
b. Airline pricing: Airlines often use price discrimination by charging different prices for the same seats based on the time of booking, season, and location.
c. Surge pricing: Uber and other ride-sharing companies use surge pricing to increase fares during peak hours or when demand is high.
d. Variable pricing in entertainment: Entertainment venues like movie theaters, theme parks, and sports events use variable pricing by charging different prices for different seats, days of the week, and times of the day.
e. Coupon pricing: Retailers use coupons to offer price discounts to customers, where different coupons are given to different customers based on their purchase history or demographic information.
The quote "Information is expensive to produce, but cheap to reproduce" implies that the production cost of information is high, but once it is created, it can be easily replicated and shared at low costs. The cost of creating new knowledge and information is high, as it involves research, experimentation, and analysis. However, once the information is created, it can be easily reproduced and shared through digital platforms. This has led to an abundance of free information available on the internet, which has changed the way we learn and consume knowledge. The quote is relevant to the current digital age, where information is freely available and accessible, but it also highlights the importance of investing in research and development to create new knowledge and information.
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Can people boost their points on their questions?
Answer:
Yes.
Explanation:
countrybank offers one-year loans with a stated rate of 15 percent but requires a compensating balance of 9 percent. what is the true cost of this loan to the borrower? (round your answer to 2 decimal places. (e.g., 32.16))
The true cost of this loan to the borrower country bank offers one-year loans with a stated rate of 15 percent but requires a compensating balance of 9 percent 17%.
Bank's Proposal means the Bank's offer to provide the City with a non-revolving line of credit in the form of a tax-restricted general bond issue and to accept the Notes pursuant to the terms contained in the Bank's Proposal.
Banks are licensed financial institutions that accept checks and deposits and make loans. Banks also offer related services such as Individual Retirement Accounts (IRAs), Certificates of Deposits (CDs), Currency Exchange and Safe Deposit Boxes.
The word bank is used as a noun to refer to a place where people deposit their money or a long hill or slope such as a riverbank. Bank is also used as a verb meaning to bounce off something. The word bank is very common and has several other meanings, both as a noun and as a verb.
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carmel corporation is considering the purchase of a machine costing $48,000 with a 8-year useful life and no salvage value. carmel assumes that the annual net cash flows from the machine will be received uniformly throughout each year. in calculating the accounting rate of return, what is carmel's average investment?
The average investment for Carmel Corporation in calculating the accounting rate of return is $24,000.
To calculate the accounting rate of return, Carmel Corporation needs to determine the average annual net income from the machine and divide it by the average investment. Since there is no salvage value, the initial investment of $48,000 will be spread over the 8-year useful life of the machine. Therefore, the average investment is calculated by dividing the initial investment by 2, which is $24,000. The average annual net income can be calculated by dividing the total net cash flows expected over the 8-year period by 8. With this information, Carmel can then calculate the accounting rate of return. The average investment is a key factor in determining this rate, as it measures the amount of capital that Carmel needs to invest in the machine to generate the expected net cash flows.
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Wyoming Restoration Company completed the following selected transactions during July 20Y1:
July 1. Established a petty cash fund of $1,100.
12. The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash sales was $8,220.
31. Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
July 3. Store supplies, $580.
7. Express charges on merchandise sold, $90 (Delivery Expense).
9. Office supplies, $30.
13. Office supplies, $35.
19. Postage stamps, $50 (Office Supplies).
21. Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $28 (Miscellaneous Administrative Expense).
24. Express charges on merchandise sold, $135 (Delivery Expense).
30. Office supplies, $25.
July 31. The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from cash sales was $10,232.
31. Decreased the petty cash fund by $150.
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
This is the chart of accounts.
CHART OF ACCOUNTS
Wyoming Restoration Company
General Ledger
ASSETS
110 Cash
111 Petty Cash
120 Accounts Receivable
131 Notes Receivable
132 Interest Receivable
141 Merchandise Inventory
145 Office Supplies
146 Store Supplies
151 Prepaid Insurance
181 Land
191 Office Equipment
192 Accumulated Depreciation-Office Equipment
193 Store Equipment
194 Accumulated Depreciation-Store Equipment
LIABILITIES
210 Accounts Payable
221 Notes Payable
222 Interest Payable
231 Salaries Payable
241 Sales Tax Payable
EQUITY
310 Common Stock
311 Retained Earnings
312 Dividends
313 Income Summary REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Merchandise Sold
515 Credit Card Expense
516 Cash Short and Over
520 Salaries Expense
531 Advertising Expense
532 Delivery Expense
533 Insurance Expense
534 Office Supplies Expense
535 Rent Expense
536 Repairs Expense
537 Selling Expenses
538 Store Supplies Expense
561 Depreciation Expense-Office Equipment
562 Depreciation Expense-Store Equipment
591 Miscellaneous Administrative Expense
592 Miscellaneous Selling Expense
710 Interest Expense
A business establishes a petty cash fund to cover smaller expenses. In order to replenish the fund, the accounting department of a company typically reconciles all petty cash fund transactions every month.
How do you Journalize a petty cash fund?Your petty cash cashier is required to record a journal entry in your records whenever they deposit money into the petty cash fund. Your Petty Cash account must rise, and your Cash account must drop, as seen by the entry. Debit your Petty Cash account and credit your Cash account to demonstrate this.A debit is made to the petty cash account and a credit is made to the cash account in the petty cash journal entry. The custodian of the petty cash restocks the petty cash drawer or box, which now ought to be filled with the initial sum of money intended for the fund. The cashier enters the petty cash receipts in a journal entry.Learn more about petty cash journal entry refer to :
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A team that relies heavily on interpersonal interactions to complete tasks is said to have a high degree of ______ among team members.
A team that relies heavily on interpersonal interactions to complete tasks is said to have a high degree of interdependence among team members.
What is interpersonal interaction?Interpersonal interaction is when two or more people share a reciprocal relationship. This is a broad term that can be used to describe how people cohabitate in the world together.
Interpersonal interactions include the way people talk to each other, as well as how they spend their time together. When people are watching a movie together, sharing a meal, or talking about their day, they are having an interpersonal interaction with one another.
Interpersonal interaction refers to the communication portion of the experience as well as the nonverbal cues that are displayed.
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The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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who is responsible for the preparation of the financial statement
Answer:
Account manager or chief accountant
Explanation:
Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
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Which of the following can help consumers with excessive debt negotiate with lenders to reduce interest rates and fees
A.Bankruptcy lawyer
B.Credit counseling service
C.Federal trade commission
D.Financial protection bureau
Answer:
B.Credit counseling service
Explanation:
Credit counseling services involves engaging a credit counselor to pay off unsecured debts through a debt management plan. Credit counselors offer various services, including providing basic money management advice and setting up debt repayment plans.
Credit counseling simplifies the repayment process. Debt payment becomes easy and manageable. Credit counselors may negotiate lower interest rates and reduced monthly payments with creditors, which saves money.
_____ or short saying of wisdom or truth were used to teach lessons to the people
Answer:
ygyvuyvuhuvhuh
Explanation:
What is the difference between being financially dependent and being financially independent?
Answer:
Being financially dependent means that you depend on the government to help you and being independent means that you are depending on the money you make from work.
Explanation
i know a little about business hope this helps
What is the biggest financial worry of most individuals and what can they do about it
Assume yourself as a cost accounting manager of Oman clothing company, you are required to
riposte the following concerns that help the top level managers (for answering follow the business
brief writing guidelines attached at the end of the assignment):
a. List three (3) fixed cost, variable cost and semi variable cost each that will incur in your
organization.
b. Show and explain the fixed cost and variable cost curve behaviors of your business taking one
item of fixed and variable cost as example selected with numerical example and graphical
representations.
c. Prepare a stores ledger based on the stores details of your company by following LIFO method.
Three examples of fixed costs for Oman Clothing Company could be: rent expenses for the manufacturing plant, insurance costs, and salaries for management positions.
a) In Oman Clothing Company, examples of fixed costs, variable costs, and semi-variable costs are as follows:
Fixed Costs:
1. Rent for the factory or store location
2. Salaries of permanent staff members
3. Insurance premiums for the business
Variable Costs:
1. Cost of raw materials (fabric, buttons, etc.)
2. Wages for temporary or seasonal workers
3. Shipping and packaging expenses
Semi-variable Costs:
1. Utilities (electricity, water, etc.)
2. Maintenance and repair costs
3. Advertising and marketing expenses
b) The fixed cost curve remains constant regardless of production levels, while the variable cost curve changes with the level of production. For example, if the rent for the factory is $5,000 per month, the fixed cost curve will be a straight horizontal line at $5,000.
On the other hand, if the cost of raw materials (fabric) is $10 per unit, the variable cost curve will increase proportionally with the production volume. Graphically, the fixed cost curve is horizontal, while the variable cost curve has a positive slope.
c) To prepare a stores ledger using the LIFO (Last In, First Out) method, follow these steps:
1. List all inventory items and their purchase dates.
2. Arrange the items in chronological order, starting with the most recent purchase.
3. As items are sold or used, record the cost of the items based on the most recent purchase first.
4. Continue to record costs for items sold, moving in reverse chronological order until all items are accounted for.
5. Update the stores ledger regularly to ensure accurate inventory and cost tracking.
By following these steps, Oman Clothing Company's top-level managers can effectively manage costs and inventory using the LIFO method.
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Complete question:
Assume yourself as a cost accounting manager of Oman clothing company, you are required to
riposte the following concerns that help the top level managers (for answering follow the business
brief writing guidelines attached at the end of the assignment):
a. List three (3) fixed cost, variable cost and semi variable cost each that will incur in you
organization.
b. Show and explain the fixed cost and variable cost curve behaviors of your business taking one
item of fixed and variable cost as example selected with numerical example and graphical
representations.
c. Prepare a stores ledger based on the stores details of your company by following LIFO method.
Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
When labor productivity increases over time, generally A) it is due to increases in the number of workers B) So do average wages C) It results in higher For prices for goods and services .
Answer:
The answer is B.
Explanation:
Labour productivity is given as output per unit of labour input.
When output increases in an industry, ceteris paribus, the industry may have to lower prices in order to sell that increase. When output increases(labor productivity increases), workers will demand for higher wages. This is so because the efficiency of the workers has improved and there is need for compensation.
why do people grow vegetables in nepal
Answer:
People grow vegetables in nepal to earn money by selling it and to fulfill demand of family
please help me answer these questions
Answer: See explanation
Explanation:
1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.
2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.
3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances
For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.
When a product or service is delivered for which a customer advance has been previously received, the appropriate journal entry includes:_____.
When a product or service is delivered for which a customer advance has been previously received, the appropriate journal entry includes:
Debit: Customer Advances or Unearned Revenue account
This account represents the liability created when the customer provides an advance payment before receiving the product or service.
Credit: Revenue or Sales account
This entry recognizes the revenue earned from delivering the product or service to the customer.
By debiting the Customer Advances or Unearned Revenue account, the liability is reduced since the advance has now been fulfilled. Simultaneously, crediting the Revenue or Sales account recognizes the revenue earned, aligning the financial records with the delivery of the product or service.
It's important to note that the specific accounts used may vary depending on the organization's chart of accounts and accounting practices.
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disadvantages of creative thinking in a workplace
Answer:
This article will dive into what creative thinking is, types of creative thinking, and the benefits of thinking creatively in the workplace. As it happens, it is not the experience of failure that holds you back. There are six major obstacles to creative thinking that could be preventing you from learning how to improve your problem solving skills for business success. Creative thinking and creative thinkers are needed in those situations because it pushes out of that linear way of thinking. To think creatively, set aside any assumptions or biases you may have, and look at things in a completely new way. You don't have to be an artist for your work to have an artistic element. In homeostasis, there seems to be an irresistible unconscious pressure that brings you back to doing what you have always done. This requires the ability to examine things carefully to know what they mean. Thinking The following transcript is based on material in Skills for Success: The Personal Development Handbook, by Stella Cottrell. asked Feb 22, 2018 in Grade 12 by Admin Master (890k points) grade-12; ... discuss the disadvantages of creative thinking. Advantages Of Creative Thinking. Being rational means that we continually use our minds to explain the world to ourselves, so we can understand it better and feel more secure. Here are some of the types of creative thinking you might see in the workplace.
Prompt What is advertising?
Answer:
An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
do not understand what you are saying
one of the primary goals of a good eprocurement system is to ensure efficient information transitions between the materials users, the purchasing personnel, and the suppliers. true false
True. One of the primary goals of a good e-procurement system is to ensure efficient information transitions between the materials users, the purchasing personnel, and the suppliers.
E-procurement is a digital trading process in which goods and services are bought and sold over the Internet. This process uses the vendor's closed system.
This means that only registered customers can use it and make use of it. Implementing e-procurement creates a direct link between suppliers and buyers and facilitates business-to-business (B2B) or business-to-consumer (B2C) processes such as emails, invoices, purchase orders, and quote optimization.
Helps streamline. As e-procurement is an online business activity, networked systems and web interfaces are used to operate the supply he chain.
The e-procurement process is a development in the 1980s that grew out of the introduction of Electronic Data Interchange (EDIT), a method of describing the transfer of data and information from one system to another.
Using EDI principles, electronic procurement allows companies to create online catalogs for their suppliers.
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