the use of the master budget throughout the year as a constant comparison with actual results signifies that the master budget is also a
Answers
The use of the master budget throughout the year as a constant comparison with actual results signifies that a master budget is also a tool for performance evaluation and control.
Master Budget allows businesses to monitor their financial performance, identify areas where they are not meeting their targets, and take corrective action to get back on track. By regularly comparing actual results to the master budget, businesses can make informed decisions, adjust their plans, and stay focused on achieving their financial goals. Overall, the master budget serves as a blueprint for managing a business's finances and helps businesses stay competitive and profitable.
The master budget contains all of the organization's lower-level budgets. It offers a complete picture of a company's finances and is commonly utilized as a crucial planning tool. The multiple budgets that make up an organization's master budget typically have a strategic plan as their base.
The two primary subcategories of the master budget are the operating budget and the finance budget. The financial budget's planning for the use of assets and liabilities yielded the predicted balance sheet. The operating budget helps with future revenue and spending forecasting and generates an anticipated income statement.
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Related Questions
Do the benefits of tax withholding outweigh the costs?Why or why not?
Answers
Answer:
:)
Explanation:
Yes, the benefits of tax withholding outweigh the costs.
Reason: tax withholding helps to make sure that everyone pays their fair share of taxes and that the government has the funds that it needs to provide services and maintain infrastructure.
On the other hand, it also means that the people have less money to spend on things like food and shelter.
So it is a compromise that we as the society have to agree upon. But it is a compromise that is worth it for the overall benefits that it brings.
Based on the historical data, B Inc. has a beta of 1.5 against the S&P 500 return last ten years, Today, the risk-free rate is 3.8% (T-Bill), the return on the market portfolio (S&P 500) is 10.8%. Currently, B Inc.’s share is sold at $75 and it has 5 million outstanding shares. Also, B Inc. has issued 200,000 10 years semi annual coupon bonds 5% coupon rate last year. Now, its bonds is rated as AAA and it is traded at $1,010 in the market. The company’s margin tax rate is 27%. What is B Inc.’s after tax WACC? (25 Marks)
Answers
Therefore, the after-tax WACC of B Inc. is 9.86%.
After-tax WACC stands for weighted average cost of capital. The cost of capital is the return required to attract investment, and WACC reflects the average cost of all sources of capital, weighted by the proportion of each source of capital in the company's capital structure.
When a company has a lower cost of capital, it may take on more investments that produce lower returns than other businesses with a higher cost of capital.
WACC is calculated as the weighted average of the firm's cost of equity and its cost of debt, weighted by the percentage of equity and debt in the firm's capital structure.
It is expressed in percentage points and reflects the company's tax burden as well as the relative cost of debt and equity.
Explanation:
Given parameters:Beta of B Inc. = 1.5
Risk-free rate = 3.8%
Market portfolio return = 10.8%
Margin tax rate = 27%
Current share price = $75
Number of outstanding shares = 5 million
Number of outstanding bonds = 200,000
Market price of bonds = $1,010Coupon rate = 5%
Semi-annual coupon payments
Tax rate = 27%
WACC formula
= (E / V x Re) + (D / V x Rd) x (1 - Tc)
Where E = market value of the firm’s equity
D = market value of the firm’s debt
V = total value of the firm’s equity and debt
Re = cost of equity
Rd = cost of debt
Tc = corporate tax rate
Let's calculate the cost of equity (Re) using the capital asset pricing model (CAPM):
Re = Rf + Beta x (Rm - Rf)
where Rf = risk-free rate
Rm = market return
Using the parameters given, we can compute Re:
Re = 3.8% + 1.5(10.8% - 3.8%)
Re = 14.6%
Next, we will calculate the cost of debt (Rd):
Rd = Coupon Rate x (1 - Tax Rate) x (Face Value / Market Price) + (Gains or Losses / Years to Maturity)
where Face Value is the par value of the bond.
Let's calculate the cost of debt:
Rd = 0.05 x (1 - 0.27) x ($1,000 / $1,010) + (0 / 20)
Rd = 2.32%
Now, we will calculate the market value of the firm’s equity and debt:
Equity value = Number of shares x Share price
Equity value = 5,000,000 x $75
Equity value = $375,000,000
Debt value = Number of bonds x Bond price
Debt value = 200,000 x $1,010
Debt value = $202,000,000
Total value = Equity value + Debt value
Total value = $375,000,000 + $202,000,000
Total value = $577,000,000
Next, we will calculate the proportion of debt and equity in the capital structure:
Proportion of debt = Debt value / Total value
Proportion of debt = $202,000,000 / $577,000,000
Proportion of debt = 0.35
Proportion of equity = Equity value / Total value
Proportion of equity = $375,000,000 / $577,000,000
Proportion of equity = 0.65
Now, we will substitute all values into the WACC formula and calculate it:
WACC = (0.65 x 0.146) + (0.35 x 0.0232 x (1 - 0.27))
WACC = 9.86%
Therefore, the after-tax WACC of B Inc. is 9.86%.
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40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding
Answers
Answer:
Private branding
Explanation:
Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.
They are also called store brands or own brands.
In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding
Topsider Inc. Is evaluating whether to replace an existing leather-cutting machine with a new machine that has a five-year life. The old machine has current salvage value equal to $5,000; its salvage value in five years is expected to be zero. The net (after-tax) salvage value of the new machine in five years is expected to be $7,500. If the new machine is purchased, Topsider will have to invest $4,520 in its net working capital. Based on this information, what is the new machine's terminal cash?
Answers
The machine's salvage value is $7,500, so the after-tax cash inflow from the sale would be: TCF = SV x (1 - T) + ATCF5 = $7,500 x (1 - 0.35) + (0.15P - $1,238) = $4,875 + 0.15P, where P is the purchase price of the new machine.
To calculate the terminal cash flow of the new machine, we need to find the after-tax cash flows for each year of its life, including the final year when it will be sold.
Assuming a tax rate of 35%, the after-tax cash flows for each year are as follows:
Year 0 (initial investment): -$4,520
Year 1: CF1
Year 2: CF2
Year 3: CF3
Year 4: CF4
Year 5 (sale of machine): CF5
To calculate CF1 to CF4, we need to find the annual after-tax cash inflows generated by the new machine. We are not given this information directly, but we can find it indirectly by subtracting the annual depreciation expense from the annual pre-tax cash inflows.
Assuming the new machine has a purchase price of P, and an expected annual pre-tax cash inflow of I, its annual depreciation expense D would be:
D = P / n
where n is the machine's useful life in years. In this case, n is 5, so:
D = P / 5The annual pre-tax cash inflow for the new machine is not given, but we can find it using the following formula:
I = (P - SV) / n
where SV is the expected salvage value of the machine at the end of its useful life. In this case, SV is $7,500, so:
I = (P - $7,500) / 5
We can now use these formulas to find the annual after-tax cash inflows as follows:
ATCF = (I - D) x (1 - T)
where T is the tax rate of 35%.
Year 1:
ATCF1 = (I - D) x (1 - T) = [(P - $7,500) / 5 - P / 5] x (1 - 0.35) = 0.45P - $2,925
Year 2:
ATCF2 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 2P / 5] x (1 - 0.35) = 0.3P - $1,950
Year 3:
ATCF3 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 3P / 5] x (1 - 0.35) = 0.15P - $975
Year 4:
ATCF4 = (I - D) x (1 - T) = [(P - $7,500) / 5 - 4P / 5] x (1 - 0.35) = -0.0.001P + $525
Year 5:
ATCF5 = (I + SV - P) x (1 - T) = [$7,500 + (P - $7,500) / 5 - P] x (1 - 0.35) = 0.15P - $1,238
To find the terminal cash flow, we need to calculate the after-tax cash inflow generated by selling the new machine at the end of its useful life. In this case,
TCF = SV x (1 - T) + ATCF5 = $7,500 x (1 - 0.35) + (0.15P - $1,238) = $4,875 + 0.15P
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at a price below the equilibrium price, there is group of answer choices a surplus. a shortage. sub-equilibrium. none of the above excess supply.
Answers
A price that is below the equilibrium price and quantity in the market will lead to a shortage of supply.
Economic equilibrium can be defined as a scenario where supply and demand are balanced and the values of economic variables do not change in the absence of external factors.In mostly market, the price is the one where supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee. The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.To know more about price here
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Why is it important to file your income taxes before tax day? provide two reasons.
Answers
Answer:
There are several reasons to complete tax returns early rather than waiting until Tax Day: More accurate returns potentially resulting in larger refunds. Less competition for appointments with tax preparers. More time to plan for tax payments. Less chance of tax fraud.
Explanation:
:) DO YOUR TAXES!!! lol
Because if you file the, store tax day then there is less stress when it comes to filling them out. Also if you just fill them all out the day of then you might become more frantic and forget things.
What position would be the highest in a company's hierarchy?
A). director of finance
B). finance manager
C). accountant
D). finance administrative assistant
Answers
Answer: D. Finance administrative assistant
Explanation: search all the answers up to see if it matches CEO or is closet to the CEO job
whats it called when a new product is invented and the marketed to poor countrers to garner large profits
Answers
The practice of inventing a new product and marketing it to poor countries to generate large profits is often referred to as "bottom of the pyramid" marketing or "BOP" marketing.
The concept of BOP marketing originated in the early 2000s as a way to tap into the untapped potential of the low-income consumer segment in emerging markets. The strategy typically involves developing low-cost products that are affordable for consumers in these countries, leveraging local distribution networks, and adapting marketing campaigns to local cultural norms. However, critics have raised concerns that this approach may exploit vulnerable populations and perpetuate social and economic inequality.
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Just learned/registered to be a therapist! Let me know if you want to talk about anything, or just have conversations. I want everyone to know that I’m here and I know it’s hard to put your feelings on the internet but I want you to feel safe. Feel free to leave anything in the comments
Answers
Answer:
wow i totally need this
Explanation:
Two firms are developing a product for a market of fixed size. The longer the firm spends on the development, the better the product is. But the firm releasing the product first has an advantage: a customer may not switch to a better product once got used to a worse one. We model the situation in the following way. A firm that releases first at time t gets h(t) share of the market, leaving the remainder to the competitor. We assume that h(t) is an increasing function of t with h(0) = 0 and h(T) = 1. If the firms release simultaneously, each gets half of the market. Represent this situation as a strategic game and find its Nash equilibria.
Answers
The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.
To represent the situation as a strategic game, we can define the following:
Players: Two firms, Firm 1 and Firm 2.
Actions: Each firm chooses a release time, t, within a given time period.
Payoffs: The market share each firm obtains based on their release time.
Assumptions:
The longer a firm spends on development, the better the product and the higher the market share it obtains.
The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.
The market size is fixed.
Now, let's define the payoffs for each firm:
Firm 1's Payoff:
If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).
Firm 2's Payoff:
If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).
If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.
To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.
Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.
Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.
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Outdoor fitness posted $1.2 million in sales on account in December. Which division of the accounting department is responsible for processing these transaction? How do you know?
Answers
Answer:
98765678
Explanation:
iu56787655678
Use this with "kind."
True
False
Answers
Answer:
??? what do you mean? please be more elaborate
Scenario: Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Mary is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety. Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent)
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
Before:
Fixed costs= 270,000
Selling price= $40
Unitary variable cost= $24
Sales in units= 20,000
After:
Fixed costs= 294,000
Selling price= $38
Unitary variable cost= $24
Sales in units= 24,000
First, we need to calculate the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Before:
Break-even point in units= 270,000/ (40 - 24)
Break-even point in units= 16,875 units
After:
Break-even point in units= 294,000/14
Break-even point in units= 21,000 units
Now, the margin of safety ratio:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Before:
Margin of safety ratio= (20,000 - 16,875)/20,000
Margin of safety ratio= 0.156
After:
Margin of safety ratio= 3,000/24,000
Margin of safety ratio= 0.125
How important is money
Answers
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.
a company's next annual dividend will be $12 and that dividends after one year will have a constant growth rate of 5%. if the required rate of return is 9%, then what should the stock price and dividend yield be?
Answers
A company's next annual dividend will be $12 and that dividends after one year will have a constant growth rate of 5%. If the required rate of return is 9%. The stock price should be $315 and the dividend yield should be 4%.
To find the stock price and dividend yield:We will need to use the Gordon growth model and the dividend yield formula.
Step 1: Apply the Gordon growth model formula to calculate the stock price.
Stock Price (P) = D1 / (r - g)
Where:
D1 = Dividend in the next year
r = Required rate of return
g = Growth rate of dividends
Step 2: Calculate the dividend in the next year (D1).
D1 = Annual Dividend * (1 + g)
D1 = $12 * (1 + 0.05)
D1 = $12 * 1.05
D1 = $12.60
Step 3: Calculate the stock price using the Gordon growth model formula.
Stock Price (P) = $12.60 / (0.09 - 0.05)
Stock Price (P) = $12.60 / 0.04
Stock Price (P) = $315
Step 4: Calculate the dividend yield.
Dividend Yield = D1 / Stock Price
Dividend Yield = $12.60 / $315
Dividend Yield = 0.04 or 4%
So, the stock price should be $315 and the dividend yield should be 4%.
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Why is competition good for the consumer in a free enterprise system?
Answers
The competition in a free enterprise system is good for consumer because it allows consumer to have the ultimate voice in the economy, starting from the ultimte pices of goods, types of products needed, and whether a product is a success or a fail.
Free enterprise sytem or free market refers to an economy where the government role in the market and its intervention are limited almost to none. The government has almost zero control to the economy and allows the market to determine the products and prices.
Free enterprise system is not regulated by the government but by a set of legal rules, such as property rights, contracts, and competitive bidding. Free enterprise system beliefs that the government intervention would hinder the economy growth. Free enterprise system tends to result in capitalism.
Free enteprise system allows more freedom and aims for higher market efficiency from lower taxes and regulation. Free enterprise system ensures consumer rights and financial security and stability. Free enterprises system provides greater economic opportunities with lower entry and exit barrier to the economy. However free enterprise system might be more vulnerable to several economic crisis with no intervention from the government.
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Answer:
B
Explanation:
help what’s the answer?
Answers
What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
the market system provides such a variety of desired goods and services precisely because no single individual or small group is deciding what the economy will produce
Answers
The market system, also known as a free market economy, is a system where the production and distribution of goods and services are determined by the interactions of buyers and sellers in the marketplace. In this system, no single individual or small group has the authority to decide what the economy will produce.
One of the key advantages of the market system is that it provides a wide variety of desired goods and services. This is because the decisions about what to produce are made by numerous individuals and businesses based on their own self-interest and the demands of consumers.
In a market economy, producers and sellers are motivated to meet the demands of consumers in order to make a profit. They do this by identifying the goods and services that are in demand and producing them to meet those demands. This competition among producers leads to a wide range of products being available in the market.
For example, let's consider the smartphone industry. In a market system, multiple companies compete to produce smartphones that offer different features, designs, and price points. Consumers have the freedom to choose the smartphone that best meets their needs and preferences. This competition drives innovation and ensures that consumers have a variety of options to choose from.
In contrast, in a centrally planned economy, where decisions about what to produce are made by a central authority, there is less diversity in the goods and services available. The central authority determines what will be produced based on their own priorities and goals, which may not align with the preferences of consumers.
In summary, the market system provides a variety of desired goods and services because decisions about production are made by numerous individuals and businesses based on consumer demand. This competition and freedom of choice lead to a diverse range of products being available in the market.
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The market system provides a wide range of desired goods and services because it operates based on the principle of decentralized decision-making. In this system, no single individual or small group has the authority to determine what the economy will produce.
Here's a step-by-step explanation of how the market system allows for the production of a variety of desired goods and services:
1. Market forces of supply and demand: In a market system, the interaction between buyers and sellers determines the allocation of resources. The forces of supply and demand play a crucial role in guiding producers to meet consumer preferences. When consumers demand certain goods or services, producers respond by supplying them to meet the demand. This dynamic interaction creates a mechanism for producing a diverse array of desired goods and services.
2. Competition: In a market system, competition among producers is another important factor that drives the variety of goods and services. When multiple producers are competing for the same customers, they strive to differentiate themselves by offering unique products or services. This competition incentivizes producers to innovate, diversify their offerings, and cater to specific consumer preferences. As a result, consumers have access to a broader range of choices.
3. Consumer sovereignty: In a market system, consumers have the power to determine what goods and services are produced. When consumers express their preferences through their purchasing decisions, producers are motivated to respond by producing the goods and services that are in demand. This consumer sovereignty ensures that the market system is responsive to the changing needs and desires of individuals and society as a whole.
4. Entrepreneurship: The market system encourages entrepreneurship, which further contributes to the variety of goods and services available. Entrepreneurs are individuals who identify opportunities and take risks to create new businesses or introduce innovative products. By introducing new ideas and products to the market, entrepreneurs foster competition and contribute to the diversification of goods and services.
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Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
certificate of deposit
bond
401k
money market mutual fund
Answers
Answer:
certificate of deposit.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.
Answer: it is NOT certificate of deposit
Explanation:
Just used that on the test and it was wrong
With the help of the diagrams, explain the possible channels of distribution from a manufacturer to a customer
Answers
Distribution channels refer to the various channels through which products can reach consumers. Distribution channels can be direct or indirect, but they all serve the same function of transporting products from the manufacturer to the end-user. Here are some possible channels of distribution from a manufacturer to a customer:
1. Direct Distribution Channel: This channel is when a manufacturer sells directly to customers without using intermediaries. It is the simplest distribution channel and involves the shortest chain of distribution.
2. Indirect Distribution Channel: In an indirect distribution channel, intermediaries are involved in getting the manufacturer’s products to customers.
3. Dual Distribution Channel: In this channel, a manufacturer will sell their products through direct and indirect channels simultaneously. This channel offers a manufacturer the best of both worlds, reaching more customers through intermediaries and getting more control through direct sales.
4. Reverse Distribution Channel Reverse distribution is the process of moving goods from the end-user back to the manufacturer or distributor.
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How will you be able to become the cost leader of the market in which you deal?
A.
by focusing on customer loyalty
B.
by analyzing your competitive advantage and identifying which strategy works best for your business
C.
by concentrating on serving a particular segment of customers better
D.
by producing a product that has a higher perceived value to the customers when compared to the already existing products
E.
by producing your goods at the lowest price in the market
Answers
Answer:
well it would be A i think
Explanation:
Answer:
E. by producing your good at the lowest price in the market
Explanation:
Plato
1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answers
Answer:
A. decreasing the interest rates on loans charged to car companies
suppose that after owning a two men and a truck franchise for five years, you decide to go out on your own with a new moving company called four movers. what kinds of legal issues would you face?
Answers
There are several legal issues that you would need to consider when starting a new moving company called "Four Movers". These include:
1. Business registration: You will need to register your company with the appropriate state and federal agencies to ensure that you are operating legally.
2. Insurance: You will need to obtain appropriate insurance coverage for your business, including liability insurance to protect your company in the event of any accidents or damages.
3. Licensing: Depending on your location, you may need to obtain special licenses or permits to operate a moving company.
4. Employment Laws: If you plan to hire employees, you will need to be aware of and comply with all applicable employment laws, including minimum wage requirements, overtime rules, and anti-discrimination laws.
5. Contracts: You will need to have legally binding contracts in place with your customers to outline the terms of your services and protect your company in the event of any disputes.
Overall, starting a new moving company can be a complex process with many legal issues to consider. It is important to consult with an attorney and other professionals to ensure that your company is set up and operated in accordance with all applicable laws.
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Classifying assets liabilities and owners equity
1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned
Answers
Liability - steward supply company, any amount owed,
Owners equity - Alice Jones, owners capital account
A universal life plan differs from a whole life plan in all of the following ways, EXCEPT:
Select one: a. Provides death protection and cash value b. A universal life plan may have features that are not guaranteed. c. The cost of life insurance may vary from year to year on a universal life contract. d. The administrative expenses are a listed charge in universal life.
Answers
A universal life plan and a whole life plan are both types of permanent life insurance policies. However, they differ in some important ways. One way they differ is in the flexibility of the policy features. A universal life plan may have features that are not guaranteed, while a whole life plan typically has fixed features.
This means that the policyholder of a universal life plan may have more control over the policy's cash value and death benefit, while a whole life policyholder has less control.Another way that universal life and whole life policies differ is in the cost of insurance. With a universal life plan, the cost of insurance may vary from year to year, depending on factors such as the policyholder's age and health. This can make it more challenging to predict the exact cost of the policy over the long term. With a whole life policy, the cost of insurance is typically fixed and guaranteed, which makes it easier for the policyholder to plan for the future.However, there are some similarities between the two types of policies. Both provide death protection and cash value accumulation over time. The cash value of a universal life policy may be invested in a variety of investment options, while the cash value of a whole life policy typically earns a fixed rate of return.Finally, both types of policies come with administrative expenses. With a universal life policy, these expenses are typically a listed charge, while with a whole life policy they may be included in the overall cost of the policy.
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1. Which is the most effective piece of legislation for enforcing ethical business practices; FCPA, FSGO, SOX, or Dodd-Frank? Explain your answer.
2. "The FCPA has too many exceptions to be an effective deterrent to unethical business practices." Do you agree or disagree with this statement? Explain your answer.
3. What issues prompted the revision of the Federal Sentencing Guidelines for Organizations in 2004?
4. Do you think the requirement that CEOs and CFOs sign off on their company accounts will increase investor confidence in those accounts? Why or why not?
5. Why may the Sarbanes-Oxley Act of 2002 be regarded as one of the most controversial pieces of corporate legislation in recent history?
6. Based on the information in this chapter, can the Dodd-Frank Act of 2010 prevent "too big to fail"? Explain your answer
Answers
The FCPA is the most effective law for upholding moral business conduct. Companies must take action to stop bribery and corruption under the FCPA. Companies must report any Foreign Corrupt Practices Act infractions to FSGO.
What is it that the FCPA forbids, exactly?Act to stop American foreign corruption. A U.S. person or company may not give, pay, or threaten to pay money to any foreign official in order to get or maintain business, according to the FCPA.
Why were the federal sentencing guidelines for organizations developed?Sentence guidelines were created by the Sentencing Reform Act of 1984. This statute was created about the same time as the United States Sentencing Commission, which worked to eliminate unfair sentencing practices for crimes that were comparable.
Why is a CEO important to a company?The most senior employee of a corporation is the chief executive officer (CEO). Despite the fact that each firm is unique, CEOs are frequently in charge of expanding the company, increasing profitability, and, in the case of corporations that are publicly listed, increasing share prices.
How is it possible that one of the most divisive company legislation in recent memory is the Sarbanes-Oxley Act of 2002?As a costly regulatory overreaction to high-profile accounting catastrophes like Enron, Tyco, and WorldCom, the Sarbanes-Oxley Act has drawn criticism. They argue that overly restrictive regulations deter corporate risk-taking and investment.
What do Dodd-Frank and Too Big to Fail mean?One of the goals of the Dodd-Frank Act of 2010 was to eradicate "too big to fail." In order to do this, the Act mandated that systemically important financial institutions submit thorough resolution plans, also referred to as "living wills," and empowered the FDIC to create an alternative resolution procedure.
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Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
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The cyclically adjusted surplus in the U.S. went from +1.2 percent of GDP in 2000 to -1.2 percent of GDP in 2002. This suggests that the government during that period
Multiple Choice 0 cut taxes and/or increased spending. 0 increased taxes and/or cut spending. 0 wanted to rein in inflation. 0 did not change its discretionary fiscal policy.
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The most likely scenario is that the government during that period cut taxes and/or increased spending, leading to the shift from a positive cyclically adjusted surplus to a negative one.The change in the cyclically adjusted surplus from +1.2 percent of GDP in 2000 to -1.2 percent of GDP in 2002 suggests that the government during that period increased taxes and/or cut spending.
The cyclically adjusted surplus is an indicator that measures the difference between government revenue and government spending, adjusted for the cyclical fluctuations in the economy. A positive cyclically adjusted surplus indicates that the government's revenue exceeds its spending, suggesting a potential fiscal surplus. Conversely, a negative cyclically adjusted surplus suggests that government spending exceeds its revenue, potentially indicating a fiscal deficit. In this case, the shift from a positive surplus to a negative surplus implies that the government's revenue decreased and/or its spending increased. One possible way to achieve this change is by cutting taxes, which would reduce government revenue, and/or increasing spending, which would elevate government expenditures.
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A man in San Rafael County was discovered committing workers' compensation fraud. He had been observed working while at the same time receiving disability benefits. Surveillance showed the man working at an automobile auction. The investigator interviewed the owner of the auction and found that the claimant was being paid $200 per week in cash for washing vehicles and performing other shop tasks. Surveillance video showed the man carrying 25-pound bags of pet food, loading boxes, and rummaging through a trash dumpster. Obviously, he was not hurt very badly. 1. Was surveillance the proper method to use in this case? Why? 2. What are some restrictions to be careful about in conducting surveillance?
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Answer:
1. Yes
2. - privacy concerns
- may lack full details.
Explanation:
1. In this scenario the automobile auction house would need to show video evidence of his (San Rafael's) fraud activities to the investigator.
2. Privacy concerns such as how the information gotten from video surveillance is used may pose a challenge.
There's also the reality of a lack of full details. For instance, San Rafael may be deaf a disability that cannot be reflected well on a surveillance video that shows him working.