the necessary selling price to generate an annual profit of $90,000 is $50 per unit.
To calculate the selling price necessary to generate an annual profit of $90,000, we can use the formula:
Profit = (Selling price x Units sold) - (Variable cost x Units sold) - Fixed cost
We are given that the fixed cost is $60,000, the variable cost is $35 per unit, the expected volume is 6,000 units per year, and the desired profit is $90,000. We can use this information to solve for the selling price:
$90,000 = (Selling price x 6,000) - ($35 x 6,000) - $60,000
$90,000 = 6,000Selling price - $210,000
6,000Selling price = $300,000
Selling price = $300,000 / 6,000
Selling price = $50
Therefore, the necessary selling price to generate an annual profit of $90,000 is $50 per unit.
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which best describes what the law of comparative advantage means for trading nations? each trading nation can benefit by exporting goods that
That have a lower opportunity cost to produce and importing goods that have a higher opportunity cost to produce.
The law of comparative advantage is an economic principle that suggests that countries should specialize in producing and exporting goods and services in which they have a lower opportunity cost of production, and import goods and services in which they have a higher opportunity cost of production. Opportunity cost is the value of the next best alternative foregone when making a choice. In the context of international trade, it means the cost of producing a good in terms of the production of another good that could have been produced instead. The idea is that every country has different unemployment rate resources, skills, and technology, which means that each country can produce certain goods more efficiently than others.
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rohan, inc., has sales of $15.2 million, total assets of $9.8 million, and total debt of $3.7 million. the profit margin is 6 percent. what is roa?
Rohan, Inc. has an ROA of 9.3%. This means that for every dollar of assets the company owns, it generates approximately 9.3 cents of net income.
To calculate the Return on Assets (ROA) for Rohan, Inc., we need to divide its net income by its total assets:
Net income = Sales x Profit margin = $15.2 million x 6% = $912,000
ROA = Net income / Total assets = $912,000 / $9.8 million = 0.093 or 9.3%
This measure is important for evaluating a company's efficiency in generating profits from its assets.
The return on assets (ROA) shows the percentage of how profitable a company's assets are in generating revenue.
This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
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why does a bond with more maturity have greater interest rates risk than a bond with shorter maturity
Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
The returns on bonds are inversely related to the interest rate prevailing in the market. This means that if the interest rates are low there will be higher returns on the bonds and if the interest rates are high the returns in the bond market will be low. Bond with longer maturity dates are more susceptible to interest rate fluctuation in the market and carry greater risk as compared to bonds that have Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
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Answer:
Bonds with longer maturity periods generally have greater interest rate risk than bonds with shorter maturity periods, because they are exposed to changes in market interest rates over a longer period of time. Bonds with shorter maturity periods are less sensitive to changes in the market, and therefore have less interest rate risk.
the eternal gift insurance company is offering you a policy that will pay you and your heirs $10,000 a year forever. the cost of the policy is $285,000. what is the rate of return on this policy if the payment starts today?
3.51% is the rate of return on this policy if the payment starts today.
What is the solution of the question?Perpetual cash inflow to legal heirs= $10000
Cost of the policy = $285000
The fair cost of the policy is the present value of all the future inflows from the policy. The present value of perpetual inflows can be computed as follows: = cash inflow/ rate of return.
Hence, 285000 = 10000/ rate of return
i.e. rate of return = 10000/285000
i.e. rate of return =0.03508771929
i.e. rate of return = 3.508771929%
i.e. rate of return = 3.51% (rounded off)
Thus, 3.51% is the rate of return on this policy.
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true or false: norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences?
True, norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences.
Fair opportunity standards are associated with the concept of a society free from unjustified discrimination. The connection between fair equality of opportunity and this is loose. When this criterion is satisfied, Rawls permits departures from his fair equality of opportunity rule. The argument that upholding equal opportunity principles could limit the chances available to the least fortunate in this regard could lead to a wider rejection of the principles. Fair Equality of Opportunity (FEO) calls for social positions, like jobs, to be formally open and distributed on the basis of merit, but it also mandates that every person have an equal opportunity to obtain these positions. The most well-known interpretation of FEO was created by John Rawls.
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when video rental revenue began to decline, what aspect of environmental scanning could the company have used to make a single best-guess prediction of what revenues would look like over the next five years?
Environmental scanning is the ongoing examination of the surroundings both within and outside of a company. It is employed to assess prospective chances, dangers, market tendencies, and lessons that might have an impact on the business.
When performing an environmental scan, what are businesses searching for?Environmental scanning consists of both observing information and seeking information (searching). Four types of organizational scanning—undirected watching, conditioned viewing, informal search, and formal search—have been identified by organization science research as potentially useful.
External and internal variables both contribute to the organizational environment. To ascertain developments and projections of aspects that may affect organizational success, the environment must be surveyed.
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The duty of business to contribute to the well-being of society is called: ________
The duty of business to contribute to the well-being of society is called corporate social responsibility
A business concept called "corporate social responsibility" pushes companies to act in ways that help society and the environment rather than damage them. CSR helps to improve a lot of societal aspects as well as firms' reputations. Corporate responsibility programmes are a great method to raise morale at work. CSR is crucial for a business's reputation, ability to attract customers, employees, and investors, as well as for keeping top talent on board and attaining overall economic success. Volunteering, charitable work, ethical workplace practises, and environmental projects are the four different CSR initiatives that a firm may undertake.
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u.s. riots may cause you to think about in the u.s. which is likely to the probability that you will want to do business in the u.s. t/f
It might be difficult to tell if someone is being sincere when their actions have hidden motives.
What are the two diseases that are most common in the United States?
One in five adults in America will experience a mental illness at some point in their lives, according to the National Alliance of Mental Health. Presently, about 10 million Americans experience a severe mental disease. Bipolar disorder, major depressive disorder, and anxiety disorders are the most common.
Who is competent to use the DSM?
Given the importance of general medical knowledge in making an appropriate mental diagnosis, the correct use of this manual is for psychiatrists to certify the official diagnosis. The exception would be the thoroughly screened and qualified staff of the American Board of Psychiatry and Neurology.
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in 1990 approximately people were killed each year due to crashes as compared to approximately in recent years. a) 600; 200 b) 2,000; 1,500 c) 45,000; 30,000 d) 100,000; 300,000
According to data from the National Highway Traffic Safety Administration (NHTSA), the number of annual crash fatalities in the United States has significantly decreased in recent years.
In 1990, the number of annual crash fatalities was approximately 100,000. This number has decreased over time as a result of improvements in vehicle safety, increased use of seat belts, and other safety measures. In recent years, the number of annual crash fatalities in the United States has been approximately 35,000 to 40,000. While this is still a significant number of fatalities, it represents a substantial improvement from the 1990s. The decrease in crash fatalities can be attributed to a number of factors, including advancements in vehicle safety technology, increased awareness of the importance of seat belt use, and improvements in road design and infrastructure. For example, the widespread adoption of airbags, anti-lock braking systems, and electronic stability control has helped to reduce the severity of crashes and prevent fatalities. Additionally, campaigns to promote seat belt use and discourage distracted driving have raised awareness of the importance of safe driving practices. Despite the decrease in crash fatalities, crashes still have a significant impact on society. In addition to the loss of life, crashes can result in serious injuries, property damage, and economic costs. According to the Centers for Disease Control and Prevention (CDC), the annual cost of motor vehicle crashes in the United States is more than $75 billion. As a result, efforts to improve road safety and reduce crashes remain a key priority for policymakers and safety advocates. Strategies to reduce crashes include increasing the use of automated safety technologies, improving road infrastructure, and promoting safe driving behaviors through education and awareness campaigns.
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The text presents which two analytic tools to help with decision making?
a. decision tables and decision networks
b. decision tables and decision trees
c. decision networks and decision trees
d. decision networks and decision derivations
The text presents which two analytic tools to help with decision making are decision tables and decision trees.
What are Decision tables and Decision trees?Decision Table: A Decision Table is just a tabular representation of all conditions and actions. Anytime the processing logic is intricate and incorporates numerous conditions, decision tables are always used. Rules, Conditions Stubs, and Action Stubs are the primary building blocks needed to create the Data Table.
Types of decision tables:
Extended entry table Limited entry tableDecision Tree: A decision tree is a graph that always employs a branching strategy to show every conceivable result of every decision. The visual representation of decision outcomes provided by decision trees is superior. There are three nodes in it: Decision Nodes, Chance Nodes, and Terminal Nodes.
Types of the decision tree:
Categorical variable decision treeContinuous variable decision treeTo know more about Decision making, check out:
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as a manager at a bank how would you interpret this information a. industry regulation b. public communications c. public boycott d. media advocacy
As a manager at a bank I would you interpret this information as-
1. Industry regulation - These ae the rules which directly impact the industry in which person is associated with in this case banking industry so it is important to check that bank is in compliance with all the legal and financial regulations.
2. Public communication - As a bank manager it is important to ensure that all the information which bank gives must be truthful whether it is propagated through advertisement or social media. It is also important to takes all the concern of customers of bank.
3. Public boycott - This situation arises when customers or group of shareholders boycott the bank, then as a manager it become very important to listen their demand and suggestions.
4. Media advocacy - Media is important factor in banking industry. It is paramount for manager to maintain a good image of bank in eyes of media to refrain bank from bad image in public.
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on january 1, year 1, alpha co. signed an annual maintenance agreement with a software provider for $15,000 and the maintenance period begins on march 1, year 1. alpha also incurred $5,000 of costs on january 1, year 1, related to software modification requests that will increase the functionality of the software. alpha depreciates and amortizes its computer and software assets over five years using the straight-line method. what amount is the total expense that alpha should recognize related to the maintenance agreement and the software modifications for the year ended december 31, year 1?
The $15,000 yearly maintenance agreement covers the 12-month period from March 1, year 1 through February 28, year 2. Alpha incurred two months of prepaid expenditure.
(January and February) for a total of $2,500 ($15,000 / 12 months x 2 months) since signing the agreement on January 1, year 1. The $5,000 cost of software change requests should be capitalized and amortized over the asset's useful life. Because Alpha amortizes its software assets over a five-year period, the yearly amortization charge for software change requests is $1,000 ($5,000 / 5 years). As a result, the total expenditure that Alpha should recognize for the year ended December 31, year 1 linked to the maintenance agreement and software updates is Total Prepaid Expense + Amortization Expense = Expense Total Outlay = $2,500 + $1,000 Total Cost = $3,500 As a result, Alpha should record a total expenditure of $3,500 for the maintenance agreement and software updates for the fiscal year ended December 31, year 1.
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(20 pts) a power shovel with a dipper of two cubic yard capacity has a standard operating cycle time of 80 seconds. the excavated material which has a swell factor of 1.05 will be disposed by a dump truck with an 8 cubic yard capacity at a dump site 6 miles away. the average speed of the dump truck is 30 mph and the dumping time is 40 seconds. find the daily standard production rates of the power shovel and the dump truck if both are operated 8 hours per day. a. determine also the number of trucks needed daily to dispose of the excavated material. b. determine the job site productivity and the actual cycle time of this shovel under the work conditions at the site that affect the productivity as shown below: work conditions at site factors bulk composition 0.972 soil properties and water content 0.960 equipment idle time for breaks 0.750 management inefficiency 0.750
2 cubic yard%80 seconds*8*3600=720 cubic yards power shovel.
Total time taken:720+40+720=1480seconds.
Number of trucks needed=1080%155.676=6.94
so approx. 7 trucks needed.
A power shovel, also known as a stripping shovel, front shovel, electric mining shovel, or electric rope shovel is a machine with a bucket that is typically propelled by electricity and is used to dig up and load dirt or crushed rock as well as to extract minerals. Power shovels are a sort of rope/cable excavator in which, as opposed to hydraulics as in the more typical hydraulic excavators, winches and steel ropes are used to control and power the digging arm. The track system, cabin, cables, rack, stick, boom foot-pin, saddle block, boom, boom point sheaves, and bucket are the basic components of a power shovel. A bucket can be 0.73 to 53 cubic metres in size.shovel for loading cables model P&H 4100 XPB.Typically, power shovels have a rotating deck with a power plant, drive, and control.
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suppose the price of cheese has recently increased, making it more expensive to make pizza. it has also caused an increase in the price of cheese bread, a complement in consumption of pizza. what is likely to happen to the market for pizza as a result of these price changes?
The market for pizza is likely to decrease due to the increased price of cheese and cheese bread. Consumers may opt to purchase other foods that have not been affected by the price increase, instead of spending more money on pizza. This could lead to a decrease in demand for pizza, and therefore a decrease in the market for pizza.
The market for pizza may experience a decline as a result of the rising price of cheese and cheese bread. Consumers may choose to purchase other items that are not subject to this price increase, rather than paying more for pizza. This could lead to a decrease in the demand for pizza, and a consequent decrease in the market for pizza.
Additionally, with more people becoming health-conscious and avoiding processed foods, the demand for pizza may also decrease.
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what determines how much an annuitant is paid for a variable annuity
The amount an annuitant is paid for a variable annuity is determined by the performance of the underlying investments chosen by the annuitant. If the investments perform well, the annuitant will receive higher payments. If the investments perform poorly, the annuitant will receive lower payments.
Therefore, the performance of he underlying investments is the key factor that determines how much an annuitant is paid for a variable annuity. When the annuitant chooses to annuitize the contract, the insurance company will use a formula to calculate the payout amount based on the contract terms and the value of the account. The payout may be a fixed amount or may be variable based on the performance of the investments. Some of the factors the may affect the payout amount include the annuitant's age, the length of the payout period, the amount of the premium payments, the investment options selected, and any guarantees or riders included in the contract. It's important to note that variable annuities are complex financial products and may not be suitable for all investors. Before investing in a variable annuity, it's important to fully understand the features and costs of the product, as well as the potential risks and benefits.
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consider a situation where two gas stations located across the street from each other are charging different prices. the exxon gas station is charging 50 cents more per gallon of each type of gasoline than the shell gas station. the equilibrium can be restored if:
This situation is not an equilibrium because: increase in government spending,Since taxes reduce income, and income influences spending, the government can influence the amount of spending in the economy by changing the tax rate.
What can a government do in order to decrease peoples spending in the economy?a) The equilibrium can be restored if Exxon gas station reduces the prices. This change will achieve equilibrium.
(b) If the shell gas station reduces the prices, then the gap between the price charged by Exxon gas station and shell gas station become larger. So, this change will not be able to achieve equilibrium.
(c) If Exxon gas station increases the prices, this will also results in larger gap between price charged by Exxon gas station and shell gas station. So, this change will not be able to achieve equilibrium.
(d) If both stations reduce their prices by 50 cents per gallon, the gap remains the same. So, this change will not be able to achieve equilibrium.
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After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue __________
After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue account represents: the amount of the sales or services still owed to the customer.
What do you mean by Deferred Revenue account?Deferred revenue is a liability account on a company's balance sheet that represents money received ahead of time for goods or services that have yet to be delivered or performed. It is also known as unearned revenue or deferred income. It occurs when a business receives payment from a customer but has yet to earn revenue by providing goods or services. The company owes the customer a performance obligation, and revenue cannot be recognised as earned until that obligation is met. The amt of deferred revenue is reduced as goods or services are provided, and the revenue is recognised as earned in the financial statements.
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The perceived demand for a monopolistic competitor a. a. is flat b. is steep. c. disregards competitors. d. takes competitors into account.
The perceived demand for a monopolistic competitor takes competitors into account. The correct option is d.
What is the demand curve in monopolistic competition?In the case of monopolistic competition, demand is more elastic because competition is greater, i.e. products have more substitutes. As a result, the demand curve has flattened.
A monopolistic competitive market's demand curve slopes downward. This means that as the price of a good falls, so does the quantity demanded it. While this may appear to be a simple matter, the shape of the demand curve has several important implications for firms operating in a monopolistic competitive market.
Thus, the ideal selection is option d.
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margarita's interest and gains on investments for the current year are as follows: interest on madison county school bonds $600 interest on u.s. government bonds 700 interest on a federal income tax refund 200 gain on the sale of madison county school bonds 500 margarita must report gross income in the amount of:
Gross income is the amount of money that is generated on a paycheck before taxes and other deductions are made.
What is Gross Income ?It includes all earnings from all sources, such as salaries, rental revenue, interest income, and dividends. For instance, if a person receives $300,000 in compensation for providing consulting services, that sum represents the person's gross income.
The interest on the US government bonds, the interest on the federal income tax refund, and the gain from the sale of Madison Company School Bonds will all be added up to the total gross income that Heather is required to report. As follows:
= $700 + $200 + $500
= $1400
Hence option D is correct
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The question was incomplete the options are as follow
a. $2,000.
b. $1,300.
c. $1,800.
d. $1,400.
e. None of these choices are correct.
5. acme published a story about paul, and as a result paul sued acme for damage to his reputation, emotional distress, and punitive damages. paul won an award of $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages. what amount must paul include in his gross income?
Acme published a story about Paul and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages. The amount must that Paul include in his gross income is $70,000.
What is the calculation and what is gross income?Paul won an award= $20,000 for damages, emotional distress =$5,500
punitive damages = $50,000
Thus, amount Paul include in his gross income= $70,000
Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. Adjustments to Income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account.
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages.
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in organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as Qualification criteria. So the option D is correct.
Qualification criteria are the criteria used by an organization to evaluate potential suppliers and their products. They are based on objective attributes of the supplier and its products, such as price, quality, reliability, delivery, and customer service.
Qualification criteria can also include other factors, such as the supplier’s financial stability, its track record, and its ability to provide innovative solutions. Organizations use qualification criteria to identify and select the best supplier for their needs.
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The complete question is:
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
A. Tangible attributes
B. Intangible attributes
C. Qualitative attributes
D. Qualification criteria
entrepreneurs notice that the market for cell phone service is profitable, so they decide to start their own service brand. what happens to the market for cell phone service today?
If entrepreneurs enter the market for cell phone service and start their own brand, it can increase the supply of cell phone service providers, leading to more competition in the market.
Entrepreneurs who enter the mobile phone service industry and establish their own brand may boost the supply of cell phone service providers, resulting in increased market competition. When suppliers compete for customers, this could result in reduced rates for consumers and higher quality service. Yet, if larger corporations buy out smaller ones, it may lead to market consolidation, thus limiting competition in the long run. Finally, the consequences on the market would be determined by a number of factors, including the success of new entrants and the response of incumbent providers to greater competition.
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the total cost of lovenox 40mg at joe's pharmacy is $3000 for 24 injections. if the pharmacy sells products at awp 20% markup $5 dispensing fee, what is average wholesale price (awp) of one injection?
Lovenox 40mg costs $3000 for 24 shots at Joe's Pharmacy. If the pharmacy charges a 20% markup on products, there is a $5 dispensing fee. Therefore, the average wholesale price (AWP) of one injection of Lovenox 40mg is $100.
To calculate the average wholesale price (AWP) of one injection of Lovenox 40mg,
we can start by subtracting the dispensing fee and the markup from the total cost of 24 injections:
Total cost = $3000
Markup = 20% of AWP
Dispensing fee = $5 per injection
So, the cost of the drug without the dispensing fee is:
$3000 - ($5 x 24) = $2880
To find the cost per injection,
we divide this by the number of injections:
$2880 ÷ 24 = $120
Now we can solve for the AWP by dividing the cost per injection by 1 plus the markup percentage:
AWP = Cost per injection ÷ (1 + Markup percentage)
AWP = $120 ÷ (1 + 0.20)
AWP = $100
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All of the following are included in the decision-making metric except:_____.
a. the admired observer test.
b. the legality test.
c. the moral mentor test.
d. the publicity test.
e. the transparency test.
The admired observer test is not included in the decision-making metric. It is a concept used to evaluate the ethicality of an action by imagining how an admired observer would view the action.
The admired observer test is not included in the decision-making metric. This test is a concept used to evaluate the ethicality of an action by imagining how an admired observer would view the action. It involves asking oneself if they would be proud to tell their role model or someone they admire about the action they are about to take. However, it is not considered a formal or widely recognized part of the decision-making process. The other options listed, such as the legality test, moral mentor test, publicity test, and transparency test, are all commonly used ethical decision-making metrics.
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When the text states that marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for __________.
Multiple Choice
subjectivity
visibility
accountability
identification
responsibility
The text states that marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for accountability.
Marketing productivity refers to a measure of profit responsiveness by segment to different levels of marketing investment. Marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for accountability.
This is because marketers need to be able to measure the effectiveness of their marketing efforts in order to make informed decisions about how to allocate resources and improve marketing strategies. By creating tools for ongoing measurement, marketers can ensure that they are held accountable for the success or failure of their marketing efforts and can make adjustments as needed to improve marketing productivity.
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how corporations are designated changes depending on where the corporation is doing business. when a corporation is in the state in which it is incorporated it is known as a(n) .
The correct answer is No, whenever a corporation changes its purpose significantly, it must always amend or renew its charter.
A partnership is a company that is owned by two or more people and operates with the goal of turning a profit. A legal entity, the company is structured in accordance with the legislation of the state in which it is created. Owners and the company organisation are distinct entities. A corporate charter, usually referred to as a "charter" or "articles of incorporation," is a written instrument that the founders of a corporation file with the Secretary of State (or registrar in Canada). It describes a company's primary elements, including its goals, organisational structure, and anticipated activities.
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arcelia corp.'s bank statement has an end balance of $40,000. the deposits outstanding were $7,000. a note was collected by the bank for $2,000. checks outstanding at the end of the month were $1,000. using the bank statement, what is the corrected cash balance? multiple choice question.
46.000 $. $40,000 + 7,000 - 1,000 = $46,000. The bank statement already shows the note that was received.
What Is a Legal Bank Statement?Every month, the bank will normally send the account holder an official bank statement with a summary of all the transactions made on the account. Information about bank accounts, including account numbers and a thorough list of deposits and withdrawals, can be found in bank statements.
What is contained in a bank statement?A bank statement is a summary of every transaction that took place in your account during a certain time frame, typically a month. Account balances, deposits, withdrawals, fees, and contact details can all be found in statements.
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the natural rate of unemployment is the unemployment rate when:______.
The lowest degree of unemployment caused by actual or voluntary economic factors is known as natural unemployment, often known as the natural rate of unemployment.
Natural unemployment measures the number of persons who are jobless as a result of the labor force's structure, such as those who have been displaced by technology or those who lack the necessary skills to find employment. The rate of unemployment that would be present in a thriving and healthy economy is known as the natural rate of unemployment. In other words, cyclical unemployment is not included in the natural rate of unemployment; only frictional and structural unemployment are.
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which of the following costs are included in merchandise inventory? (check all that apply.) multiple select question. purchase costs costs necessary to ready the merchandise for sale trade discounts given to customers advertising costs shipping fees charged by the vendor taxes assessed on the merchandise
In the merchandise inventory are costs.
Purchase expensesTaxes imposed on the productShipping costs imposed by the merchantcosts involved in getting the product ready for saleMerchandise inventory are what?
Merchandise inventory refers to the goods that a distributor, wholesaler, or retailer purchases through suppliers with the goal of reselling them to clients. This could be the single largest asset upon that balance sheet for various types of businesses.
Inventory of goods is typically designated as a current asset on a company's balance sheet. The classification of this asset is based on the fact that it frequently converts to cash in a year or less.
In the framework of a balance sheet, what else does "goods in inventory" mean?Merchandise inventory refers to the value of a company's complete inventory, which includes both unfinished products and finished commodities that are for sale. This inventory's value can be calculated by accountants, and it can be listed on the balance sheet of a business.
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the adjusted basis of jody's partnership interest was $50,000 immediately before jody received a current distribution of $20,000 cash and property with an adjusted basis to the partnership of $40,000 and a fair market value of $35,000. what is jody's basis in the distributed property?
Jody's basis in the distributed property is $31,820.
To determine Jody's basis in the distributed property, we need to calculate the amount of the distribution that is attributed to the property and then adjust the basis of that property accordingly. Here's how to do it:
Determine the total amount of the distribution:
$20,000 (cash) + $35,000 (fair market value of property) = $55,000
Calculate the percentage of the distribution that is attributed to the property:
$35,000 (fair market value of property) / $55,000 (total distribution) = 0.6364 (rounded to four decimal places)
Apply the percentage to the total adjusted basis of the partnership interest to determine the basis of the distributed property:
$50,000 (adjusted basis of partnership interest) x 0.6364 (percentage attributed to property) = $31,820 (rounded to the nearest dollar)
Therefore, Jody's basis in the distributed property is $31,820.
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