The costs resulting from this decision are referred to as implicit costs.
What is an implicit cost?In economics, an implicit cost, also known as an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a business must forfeit in order to employ a factor of production that it already owns and for which it does not pay rent. The explicit cost, which is paid for up front, is the opposite. To put it another way, any expense associated with using an item as opposed to leasing, selling, or employing it in an other way is considered an implicit cost. The phrase can also be used to refer to lost revenue from opting not to work. Implicit costs are another example of how accounting profit and economic profit differ. Economic profit will never equal or exceed accounting profit since it includes these additional opportunity expenses.
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d. what did the federal reserve set interest rates to at the beginning of 2020, the first quarter of 2020 (q1 2020)? what interest rate did the taylor rule suggest? enter answers to two places after the decimal. if a value is negative, be sure to include a negative sign in your answer.
At its meetings on March 3 and March 15, 2020, the Fed reduced its target for the federal funds rate—the cost for banks to borrow money from one another overnight—by a combined 1.5 percentage points. Due to these reductions, the funding rate is now between 0% and 0.25%.
What were Taylor's recommended interest rates, and what are Federal Reserve Set Interests?The federal funds rate, which the Federal Reserve sets as a major interest rate, is what banks charge one another for very short-term loans. The Federal Reserve decreased the federal funds rate's target range from 1% to 0%.
As a central bank, the Federal Reserve works to accomplish three objectives set forth by Congress: maximum employment, price stability, and moderate long-term interest rates in the United States.
The Taylor Rule establishes a connection between inflation and economic growth and the policy rate of a central bank. It was developed in 1993 by economist John Taylor and is based on a federal funds rate equilibrium that is 2% higher than the annual rate of inflation.
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in negligence cases, courts generally hold that a business _____________________.
In negligence cases, courts generally hold that a business owes a duty of care to protect their customers against foreseeable risks about which the owner knew or reasonably should have known.
In negligence cases, courts generally hold that a business owes a duty of care to protect their customers against foreseeable risks about which the owner knew or reasonably should have known. This means that a business must take reasonable steps to protect its customers from any foreseeable risks that could cause injury or harm.
The business must also act in a way that a reasonable person would act in similar circumstances. If the business fails to do so, it may be held liable for any resulting harm.
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in 2004, microsoft contested nearly a $613 million eu (european union) fine - the largest ever from the european commission. this fine was imposed after microsoft failed to comply with a ruling that it abused its market position. what environmental factor is most likely to explain what happened with microsoft in europe?
European union charged $613 for the illegal conduct of microsoft and gaining advantages in the market illegally.
In 2004,The European Commission fined Microsoft Corp. $613 million and ordered the U.S. software giant to offer a version of its Windows operating system without the Windows Media Player software within 90 days. The ruling comes at the close of a five-year investigation into the company's business practices in Europe. The commission also charged that Microsoft broke EU competition law by leveraging its near monopoly in the PC operating system market to gain advantage in the markets for workgroup server operating systems and media players. In addition to the fine, the EC ordered Microsoft to change its illegal conduct.
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Out of Home advertising is unique in that it is probably the only media that: A. That targets local communities B. Can evoke emotion C. That can reach a wide audience D. That has 24 hour a day 7 days a week presence. E. Has stunning visuals
It is a means of dissemination of information that is done in public places through brochures, posters, billboards, among other elements. Outdoor advertising is of utmost importance since it allows providing news information or commercial advertisements in public places.
Outdoor advertising is used in public places, this makes it possible to spread information to a specific audience.
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a company overstated its ending inventory balance by $7,000 in 2021. what impact will this error have on total assets and retained earnings in 2021 and 2022 (ignoring tax effects)?
The overblown ending inventory of the current year is proven to cause the beginning inventory of the subsequent year to be inflated.
In 2021, the amount of retained earnings and total assets is overstated by $2,000 and $4,000, respectively.
In 2022, retained earnings are underestimated by $2,000 while total assets are unaffected.
The term "Inventory Balance" refers to the monetary value of the Inventory as of the measurement date, based on the standard costs used for such measurement by the Seller or one of its Affiliates and mentioned above.
Underestimating beginning inventory increases the price of the goods sold, which reduces net revenue. Consequently, the retained earnings for the upcoming year will be underestimated.
A decline in net income lowers the amount of retained profits since net income is used to calculate the final balance of earnings, which is calculated by adding the initial balance of retained earnings to retained earnings.
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what two key factors does cadillac feel best measure the health of a brand? a brand recognition and return on investment b consumer opinion and cross consideration c return on investment and consumer opinion d cross consideration and brand recognition
key factors do Cadillac sense quality degree the health of a brand is b consumer opinion and past consideration.
Inner statistics search is used with frequently purchased, low-fee gadgets; the most effective object on the list that meets this criterion is the field of tissue.
One way that marketers have a look at purchaser conduct is with the aid of studying demographics. knowing data inclusive of age, income, and schooling level can assist predict behavior. as instance, a 2022 survey of consumer options discovered that millennials reply first-class to phrase-of-mouth suggestions.
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in a particular town, comvision and veriview are the only two providers of cable tv service. commission and veriview constitute a a. cartel, whether they collude or not. b. duopoly, whether they collude or not. c. monopolistically competitive market if they charge the same price. d. nash industry, whether they collude or not.
duopoly, regardless of whether they conspire.
What parts make up a cable television system?The cable distribution network that sends the signals to customers' TV receivers is one of its components, along with a tower and antennas for receiving broadcast television signals, a "headend" to process and combine those signals, and other communications.
Which types of television is the FCC in charge of?Commercial and nonprofit broadcast UHF and VHF television stations are licensed and governed by the Television Branch of the Video Services Division.
What three aspects of media are within the Federal Communication Commission's control?The FCC is divided into three main departments: telephone, telegraph, and broadcast. Subdivisions within these branches enable the agency to carry out its duties more effectively.
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which statement is characteristic of many novice exporters? novice exporters tend to overestimate the management resources that have to be dedicated to this activity and end up expending too much money on management to make the export business profitable. novice exporters often have a poor understanding of competitive conditions in the foreign market. novice exporters are able to gauge which products are best for customization in the foreign country. novice exporters usually do not have problems securing financing or promoting their product; the problem is usually in the distribution program.
Novice exporters tend to overestimate the time required to cultivate business in foreign countries.
Business refers to an enterprising entity or organization that incorporates expert sports. They can be business, industrial, or others. For-earnings business entities do commercial enterprises to earn a profit, even as non-income ones do it for a charitable task.
enterprise is the practice of creating one's residing or making money by way of producing or shopping for and selling products. it is also "any hobby or corporation entered into for income. The market cost of the company is calculated because the sum of the marketplace cost of all first-rate securities consists of common shares, favored stocks, and debt. This measure is calculated by using comparing the market price of capital (fairness) with the adjusted price of capital (equity).
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a market with a large number of sellers and a high level of product differentiation is known asan oligopoly.a monopolistically competitive market.a perfectly competitive market.a monopoly.
A market with a large number of sellers and a high level of product differentiation is known as a monopolistically competitive market. Therefore, the second option is the correct answer.
A type of market structure known as monopolistic competition is characterised by the presence of numerous businesses in a given sector and the production of comparable but distinct goods. Each business operates autonomously without taking into account the actions of the others and none of the businesses enjoy a monopoly.
Companies in monopolistic competition generate economic short - term profit, but they make no economic profit in the long run. The flexibility to enter and leave the industry also contributes to the latter. Short-term economic gains encourage more entrants, which eventually results in increased competition, decreased costs, and high output.
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In a profit center, the department manager has responsibility for and the authority to make decisions that affect
a. not only costs and revenues, but also assets invested in the center.
b. the assets invested in the center, but not costs and revenues.
c. both costs and revenues for the department or division.
d. costs and assets invested in the center, but not revenues.
The manager of a profit center is in charge of the subunit's revenue production. They are also in charge of paying the charges and expenses incurred by the subunit during regular company operations. As a result, the profit of the component belongs to the profit center manager.
A profit center is the area of an organization in charge of managing the company's income and expenses. An organizational division in charge of expenses, income, and asset investments is known as an investment center. Decisions on the investment of assets are made by investment center managers. Investment centers are frequently handled as independent companies. The organization's performance is ultimately the responsibility of the top managers, who frequently hold positions with high levels of public exposure. Most top managers in businesses have advanced through the management ranks, either within their own organization or in another one. They also have a wealth of managing experience.
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which of the following statements are correct? property rights may not always be enforceable. the existence of an externality always leads to overprovision of goods. market failures happen because market prices do not always take into account of the full effect of an individual's actions on others. market failures can always be solved by private bargaining.
Market failures happen because market prices do not always take into account of the full effect of an individual's actions on others. This statement is true.
Give a brief about market failures.
In terms of economics, market failure refers to a scenario where there is an inefficient allocation of products and services on the open market. In a market that functions optimally, supply and demand factors are balanced, and any changes to one side of the equation result in price changes that preserve the market's equilibrium. However, in a market failure, something disturbs this balance.
The individual incentives for rational behavior do not result in rational outcomes for the collective when markets fail. To put it another way, each person makes the best choice for herself, but the group as a whole suffers as a result.
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in case the swap rates are no longer available on fred, can you find similar (alternative) rates instead?
In case the swap rates are no longer available on Fred, Libor rate is an alternative.
What is LIBOR in financial terms?
The average interest rate that banks claim they may borrow money at for each of the 15 maturities is then announced. The procedure is followed for nine additional currencies as well. The London interbank offered rate is the average, which is frequently used despite though there are 150 rates.
What are the uses of LIBOR?
Lenders utilise LIBOR as the benchmark reference when setting interest rates for different debt products, including banks and other financial institutions. Additionally, it serves as a benchmark rate for credit cards, mortgages, business loans, government bonds, and student loans in many different nations.
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which of the following statements is correct regarding a tax on a good and the resulting deadweight loss? a. the greater is the price elasticity of supply and the smaller is the price elasticity of demand, the greater is the deadweight loss. b. the smaller is the wedge between the effective price to sellers and the effective price to buyers, the greater is the deadweight loss. c. the smaller are the decreases in quantity demanded and quantity supplied, the greater the deadweight loss. d. the greater are the price elasticities of supply and demand, the greater is the deadweight loss.
A. The greater is the price elasticity of supply and the smaller is the price elasticity of demand, the greater is the deadweight loss.
Does deadweight loss usually result from monopolies?
This is where a true competitive market would generate and where the market is also at its equilibrium. A monopoly always will produce less and charge more, which results in a loss to society as a whole. Deadweight loss is calculated by multiplying the original quantity by the new quantity, using the formula: deadweight loss = (new price - old price)
Can overproduction result in deadweight loss?Deadweight loss is the market inefficiency brought on by over- or underproduction of products and services, which lowers the overall economic surplus. Deadweight losses may be brought on by taxation, monopolies, price floors, and price limits, among other things.
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Cigarettes can be used as a form of ________.
fiat money
fake money
barter
Cigarettes can be used as a form of barter.
What is bartering?When parties to a transaction directly exchange one good or service for another without using a medium of exchange like money, this is known as bartering. Cigarrates can be count as barter method.
A barter is an exchange of goods or services between two or more persons that does not include the exchange of money or other forms of payment, such as credit cards. Bartering entails the exchange of one party's good or service for another party's good or service in its most basic form.
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The magnitude of operating leverage for Perkins Corporation is 4.5 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent?
a. 4.5%
b.14.5%
C.45%
D.10%
The profit would be expected to increase by 45%
Define operating leverage.Operating leverage is a measure of how sales growth translates into growth in operating income. It serves as a gauge for leverage and the riskiness or volatility of an organization's operating income.
The relationship between contribution margin and operating income is expressed by the financial ratio known as operating leverage. If fixed costs and variable cost per unit remain constant, it showed the rate at which operating income will change in response to a change in sales revenue.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Therefore percentage increase in profit to be expected:
Percentage increase in sales multiplied by magnitude of operating leverage
= 10% * 4.5
= 45%
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$1,000 bond quoted at 100 could be purchased or sold at a.$100. b.$900. c.$1,100. d.$1,000.
A $1,000 bond with a 100 quotation might be bought or sold for $1,000.
A bond quizlet: what is it?A bond is a long- or short-term financial instrument (a loan) issued by businesses and governmental organizations at the local, state, and federal levels. An IOU, a bond is a contract. Primary, Face, Maturity, and Par Value. the sum of money that the business borrows with a commitment to pay it back at a later time, usually on the maturity date.
Quizlet: What Is a Bond Payable?1/28. Definition. a legal agreement between a borrower (a firm) and a lender (an investor) under which the borrower agrees to pay a set amount of interest on a recurring basis and to return the principal at maturity.
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4. Which of the following represents operational CRM? A. Supports traditional transactional processingB. Supports day-to-day front-office operationsC. Supports operations that deal directly with the customersD.All of the above
All of the above options represents operational CRM (Customer relationship management).
CRM systems gather information from numerous different channels of communication, such as a company's website, phone, email, marketing materials, and more lately, social media. They help companies understand their target consumers better and how to best meet their demands, keeping customers and boosting sales. CRM can be applied to previous, current, or potential clients. CRM refers to the ideas, practices, and guidelines that a business uses to communicate with its clients. This comprehensive relationship includes all aspects of a company's direct interaction with customers, including activities relating to sales and services, forecasting, and the examination of consumer trends and habits. The size of the worldwide CRM market is anticipated to reach $69 billion in 2020, according to Gartner.
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a 10 year bond with a par value of 100,000 and semi-annual coupons 2500 is bought at a discount to yield 6% convertible semi-annually. (a) calculate the book value immediately after the 5th coupon. (b) calculate the flat price 4 months after the 5th coupon using the theoret- ical method. (c) calculate the accrued coupon 4 months after the 5th coupon using the theoretical method. (d) calculate the market price 4 months after the 5th coupon using the the- oretical method. (e) calculate (b)-(d) using the practical method. (f) calculate (b)-(d) using the semi-theoretical method
Book value after the 9th coupon payment = 23,139.80.
Present value of a bond
= Semi-annual coupon * for 20 periods at 3%
= 2500 * 14.88 = 37200
Amortization Schedule
No opening balance interest at 3% Coupon paid the closing balance
1 37200.00 1116.00 2500.00 35816.00
2 35816.00 1074.48 2500.00 34390.48
3 34390.48 1031.71 2500.00 32922.19
4 32922.19 987.67 2500.00 31409.86
5 31409.86 942.30 2500.00 29852.16
6 29852.16 895.56 2500.00 28247.72
7 28247.72 847.43 2500.00 26595.15
8 26595.15 797.85 2500.00 24893.01
9 24893.01 746.79 2500.00 23139.80
Book value after 9th coupon payment = 23,139.80
A stock market, fairness market, or share market is the aggregation of consumers and dealers of shares, which represent possession claims on businesses; these may include securities listed on a public stock.
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you are the manager of a local distributor, and your vendor has just increased your price from $1.20/unit to $1.65/unit. however, the price that you can charge your client is locked in via contract at $2.05/unit. what has happened to the margin?
To keep the budget as intended, the business must evaluate the budget and find more places where expenses can be reduced.
The first job that needs to be accomplished in order to find expenses that can be cut is budget revision. To further improve performance, budget modifications should be made. As a result, money might be redistributed throughout the budget's many operations to provide a higher output. Assume that Mazeppa is now producing 100,000 units per year. If it wants to enhance operational income by $5 for each unit included in the special order, what unit price should it charge the distributor? Calculations in the middle should not be rounded. The business won't have to turn away any of its regular customers in order to fulfil the special order at its existing operational level of 100,000 units. It just needs to produce a contribution margin per unit of if it wants to improve operational income by for each unit in the special order.
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Sometimes a company may need to purchase goods or services that are unique, very complex, and/or extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company's needs to the potential suppliers, asking for a detailed response to the needs? It is called Blank 1:
Request for proposals (RFPs) are a method of communicating a company's needs to potential suppliers and requesting a thorough response to those demands.
Define request for proposal.A request for proposals (RFP) is a document that asks prospective suppliers to submit business bids. This request is frequently issued through a bidding procedure by an organization or company interested in purchasing a good, service, or valued asset.
An RFP is submitted when a business requires more specific information about the product or service itself, but a Request For Quote is provided when a firm already knows what they want to buy and merely needs more information about the pricing.
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Civil servants were given legal protection against being fired without a show of cause in order to O conform to the Supreme Court's decision in Immigration and Naturalization Service v. Chadha. force the bureaucracy to respond more to political pressures from parties, interest groups, and elected officials. O safeguard the bureaucracy from political interference while upgrading performance. O enhance the public's trust in bureaucracy,
Civil servants were given legal protection against being fired without a show of cause to safeguard the bureaucracy from political interference while upgrading performance.
Who are civil servants?A civil servant, also known as a public servant, is a person who works in the public sector for a government department or agency. Civil servants work for the federal and state governments and report to the government rather than a political party.
Prior to the Civil Service Act of 1883, government appointments were made as part of the spoils system to political supporters. In order to rid bureaucracy of political interference while improving performance, civil servants were given legal protection against being fired without cause.
Therefore, to safeguard the bureaucracy from political interference while upgrading performance Civil servants were given legal protection against being fired without a show of cause .
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Javier needs to add month-end accruals. Which QuickBooks function would be most useful?
O Monthly check
O Journal entry
O Account reconciliation
Javier needs to add month-end accruals. Journal entry QuickBooks function would be most useful. The correct option is b.
What is a journal entry?A journal entry refers to the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. Journal entries can record unique items or recurring items such as depreciation or bond amortization.
The total of the debits must equal the total of the credits, or the journal entry is considered unbalanced.
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when a concentration of credit risk must be disclosed and the exact amount is uncertain, which one of the following amounts must be disclosed? minimum amount at risk. current period average amount at risk. historic average amount at risk. maximum amount at risk.
When a concentration of credit risk must be disclosed and the exact amount is uncertain, maximum amount of risk must be disclosed.
Correct answer is d)
What do you meant by concentration of credit risk ?
Concentration risk is accepted in some industries as the potential loss from being heavily reliant on a single vendor, geographic area, or investment portfolio.
Lenders have been concerned about concentration risk for years due to concerns about over-lending to a single borrower or within a single industry. The less diversified a lender's loan portfolio is, the higher the concentration risk.
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in the introduction saltage of the industry life cycle, the prime go of the marketing function is to:
In the introduction salt age of the industry life cycle, the prime go of the marketing function is to growth and decline.
According to the commercial characteristics that are frequently observed in each stage, the term "industry life cycle" depicts how an industry or corporation develops through four stages. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be. The advancement of a company or industry based on its stages of growth and decline is known as the industry life cycle. Consolidation and failure cut down an established industry as it grows, while the remaining rivals lower expenses as expansion slows and demand eventually wanes.
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the firm's asset turnover is a/an: group of answer choices income ratio. liquidity ratio. efficiency ratio. profitability ratio. solvency ratio.
the firm's asset turnover is a liquidity ratio.
In enterprise, economics or investment, marketplace liquidity is a marketplace's characteristic whereby an individual or firm can speedy purchase or sell an asset without causing a drastic alternate inside the asset's price. Liquidity includes the change-off among the charge at which an asset can be sold, and the way quick it could be sold. In a liquid marketplace, the alternate-off is moderate: you can sell quick without having to simply accept a extensively decrease price. In a quite illiquid marketplace, an asset ought to be discounted so that you can sell speedy.[1][2] cash, or coins, is the maximum liquid asset due to the fact it could be exchanged for goods and offerings right away at face fee.[1]
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All of the following are stock market indices EXCEPT:
Multiple Choice
Mercantile 1000.
Standard & Poor's 500 Index.
Dow Jones Industrial Average.
Nasdaq Composite Index.
Except for the Mercantile 1000, all of the following are stock market indices.
The gathering of buyers and sellers of stocks, which represent ownership claims on companies, is known as an equity market, stock market, or share market. These securities may comprise both stock that is listed on a public stock exchange and stock that is only traded privately, such as shares of private enterprises that are made available to investors through equity crowdfunding platforms. When making an investment, a strategy is normally in place. A stock exchange is a marketplace where stockbrokers and traders can exchange shares, bonds, and other types of assets. A stock exchange is where shares of several large corporations are traded. As a result, the stock has more liquidity, which makes it more appealing to many investors. The exchange may also provide settlement assurance. Every one of these stocks
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Evaluate the importance of emational intelligence in decemining whether or not a porton is likely to he a succesful leader.
Answer:
Emotional intelligence, also known as EQ, is the ability to understand and manage one's own emotions and those of others. It is a crucial skill for effective leadership, as it enables leaders to communicate effectively, build strong relationships, and navigate complex social situations.
One of the key benefits of emotional intelligence for leaders is its ability to improve communication and collaboration. Leaders with high emotional intelligence are able to understand the emotions of others and respond to them in a way that builds trust and fosters positive relationships. This allows them to communicate more effectively and work more effectively with others, which is essential for successful leadership.
Another important aspect of emotional intelligence for leaders is its ability to help them navigate complex social situations. Leaders with high emotional intelligence are able to read social cues, understand the emotions of others, and respond in a way that is appropriate and effective. This allows them to make decisions that are in the best interests of their team and organization, and to resolve conflicts and other challenges in a constructive manner.
Overall, emotional intelligence is a critical factor in determining whether or not a person is likely to be a successful leader. It enables leaders to communicate effectively, build strong relationships, and navigate complex social situations, all of which are essential for success in a leadership role.
using the performance planner on a monthly basis allows you to optimize which two aspects of an account?
Using the performance planner on a monthly basis allows you to optimize bid and budget aspects of an account.
What is a budget?
A budget is a written plan you create to determine how much money you will spend each month. You may ensure that you have adequate money each month by using a budget. You can run out of money before your next payday if you don't have a budget. How much money you make is shown by your budget.
what is a bid account?
A bidder registration form must be completed and submitted in order to establish a bidder account, which is a user profile on the website that grants access to auctions.
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NDTAP K Apia Homework The nfluence oeg m Back to Assignment Keep the Highest Changes in the money supply The following graph represents the money market in a hypothetical economy. As in the United States, this economy has a central bank called the Fed, but unlike in the United States, the economy is closed (that is, the economy does not interact with other economies in the world). The money market is currently in equilibrium at an interest rate of 3% and a quantity of money equal to $0.4 trillion, as indicated by the grey star. Money Demand 25 MONEY Suppose the Fed announces that it is raising its target interest rate by 75 basis points, or 0.75 percentage point. To do this, the Fed will use open-market operations to the money by the public. Use the green line (triangle symbol) on the previous graph to illustrate the effects of this policy by placing the new money supply curve (MS) in the correct location. Place the black point (plus symbol) at the new equilibrium interest rate and quantity of money. Suppose the following graph shows the aggregate demand curve for this economy. The Fed's policy of targeting a higher interest rate will the cost of borrowing, causing residential and business investment spending to and the quantity of output at each price level demanded to
a) The Fed will use open-market operations to the increase, the supply of money by buying bonds from the public.
Why is the money supply curve vertical?The money supply curve illustrates the link between the amount of money issued and the market interest rate, with other supply-side factors remaining constant. The Fed determines the amount of money that is readily available without taking the value of money into account, which causes the money supply curve to be vertical. The demand for money slopes down as a result of customers having to carry more cash to make purchases when products and services become more expensive.
b) Money supply curve is straight up and down and starts at .5 (Trillions of Dollars)
c) The Fed's policy of targeting a lower interest rate will reduce, the cost of borrowing, causing residential and business investment spending to increase, and the quantity of output demanded to increase at each price level.
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The correct question is:
The following graph represents the money market in a hypothetical economy. As in the United States, this economy has a central bank called the Fed, but unlike in the United States, the economy is closed (that is, the economy does not interact with other economies in the world). The money market is currently in equilibrium at an interest rate of 5.5% and a quantity of money equal to $0.4 trillion, as indicated by the grey star.
a) Suppose the Fed announces that it is lowering its target interest rate by 50 basis points, or 0.5 percentage point. To do this, the Fed will use open-market operations to ??? the ??? money by ??? the public.
increase, the supply of, & buying bonds from the public
c) Use the green line (triangle symbol) on the previous graph to illustrate the effects of this policy by placing the new money supply curve (MS) in the correct location. Place the black point (plus symbol) at the new equilibrium interest rate and quantity of money.
d) Suppose the following graph shows the aggregate demand curve for this economy. The Fed's policy of targeting a lower interest rate will ??? the cost of borrowing, causing residential and business investment spending to ??? and the quantity of output demanded to ??? at each price level.
consider the following events for fountain incorporated: january 1fountain purchases gasoline for $200 on account. january 7fountain advertises lawn mowing services for $100 per lawn. january 9fountain signs up 8 customers who pay a total of $800 cash. january 12fountain mows the lawns of the 8 customers and all gasoline purchased on january 1 is used. january 13fountain pays for the gasoline purchased on january 1. under accrual-basis accounting, what is the appropriate day to record the revenues related to lawn services?
The appropriate day to record the revenues related to lawn services 9th January.
Five conditions to be fulfilled to understand sales are as follows:
1. identify the contract with your patron.
2. pick out Your overall performance obligations
3. decide Your Transaction charge.
four. Allocate the Transaction rate to the overall performance obligations inside the contract.
5. understand sales whilst Your commercial enterprise Satisfies a overall performance responsibility.
Inside the given case all the conditions are satisfied on ninth January and therefore below accrual foundation of accounting sales have to be recognized on that day.
Lawn care usually refers to keeping the fitness, colour and power of present lawns over time. a few services that fall below garden care are pest manage, weed manage, fertilization, soil trying out, aeration, seeding, deep root feeding for bushes and shrubs and irrigation.
Lawn maintenance offerings way landscaping offerings, which include grass/lawn mowing, weeding, grass/lawn trimming, and removal and disposal of debris and trash.
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