Answer:
Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Explanation:
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IAS 32 defines a financial instrument as: any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. a recognized stock exchange. the currency of a foreign country in which the enterprise does business. a certified check.
Answer:
any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
Explanation:
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globall
IAS 32 defines a financial instrument as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
Congratulations! You now have a child! (Also, you have a dependent.) What is your tax liability if you file jointly now? Identify how this changes your calculations.
Answer:
Having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has
Explanation:
Tax liability if you file jointly now ranges from $600 to $1200 but if you file as an individual your Tax liability will range from $300 to $600. A joint Taxpayer may get up to $300 per child
The amount of money back a Joint filer might get for a child ( as with the new child ) will depend on the gross income and the amount of Tax liability the joint filer have. therefore having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has .
Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
Basically, the filing status determines the amount and extent of tax liability that a person or couple will pay.
A singles or married couple enjoys certain benefit of reduction on tax payment once they have a child because they are seen as dependent.
If file jointly ranges from $600 to $1200 but file as an individual, your Tax liability will range from $300 to $600 so, the jointly taxpayer may get up to $300 per child.
In conclusion, Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
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Which of the following is an example of the law of demand at work?
O A. The price of pizza falls when demand for pizza falls.
O B. The price of pizza goes up when the price of cheese goes up.
O C. Demand for pizza rises when the price of pizza falls.
O D. Demand for pizza goes down when tacos become more popular.
Answer:
O C. Demand for pizza rises when the price of pizza falls.
Explanation:
In the law of demand, the demand for a product and the price move in opposites directions. As the prices for a good or service increases, the demand falls. Therefore, the demand for a product is inversely related to its price.
An increase in the demand for pizza due to a fall in its prices is a perfect illustration of the law of demand. An increase or decrease in prices causes the demand to move in the opposite direction.
"Although Alibaba is competing in the Internet services industry, it has improved its performance by focusing on innovation and service diversification. This improved performance is best explained by:"
Answer:
the resource-based model.
Explanation:
Resource-based theory can be understood as one that guarantees a strategic and competitive advantage to an organization through its resources that cannot be imitated and replaced. In the case of Alibaba, its valuable resources that guarantee long-term competitive advantages for the company are the company's ability to offer a wide range of products with significant discounts in relation to competitors, facilities for shipping goods worldwide, etc.
Identify the characteristics needed in implementing a shared ethical culture and explain how this will help the organization.
Explanation:
In order to implement a shared ethical culture, the company must adopt ethical practices and procedures involving its entire internal and external environment.
The ethical culture must be implemented in all organizational systems and shared by all employees, regardless of the hierarchical level in the company. Leaders need to be the greatest example of ethical behavior in the company. Knowing how to guide, communicate, provide feedback, treat all employees with equality, etc. are actions that encourage and promote shared ethical behavior.
Companies can benefit from the shared ethical culture in creating an organizational culture aimed at developing individual skills and competences, cooperation, innovation and creativity.
how do you feel about Joe Biden winning?
Answer:I like it finally trump is out of office
Explanation:
I awnsed this to get points lol
The AUD/$ spot exchange rate is AUD1.60/$ and the SF/$ is SF1.25/$. The AUD/SF cross exchange rate is _____. Group of answer choices 1.2800 2.0000 0.7813 0.3500
Answer:
a. $1.2800
Explanation:
The AUD/SF cross exchange rate is as computed below:
==> AUD/$ ÷ SF/$
==> $1.60 / $1.25
==> $1.2800
So, the AUD/SF cross exchange rate is $1.2800
10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year interest rate is 8% (total interest over 2 years is 8%, not 8% per year), how much will you have in the account after 6 years? (Answer: $1,259.71)
Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
Which Finance jobs can someone pursue with only a high school diploma? Check all that apply.
-Tax Preparer
-Treasurer
-Actuary
-Teller
-Loan Officer
-Quantitative Analyst
The finance jobs that someone can pursue with only a high school diploma are tax preparer, teller and loan officer.
What is diploma?Diploma refers to the course of the study in which a person is given a document for the completion of specific subject. For example Diploma in scientific studies.
Tax preparer is a person who files and calculate the tax and files the return on the tax om behalf of the other individual or businessmen. Teller is the customer representative of bank. Loan officer is the person who grants the loan to the individual.
Thus the job that a person can start are of tax preparer, teller and loan officer.
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Interestingly, if a class-action suit deals with equal pay or gender discrimination, it cannot be filed against an employer. Group of answer choices True False g
Answer:
False.
Explanation:
A lawsuit can be defined as a dispute or claim brought by an individual or group of people (party) against another to a court of competent jurisdiction for the singular purpose of adjudication.
A class action is filed by a group of people in the interest of a larger population.
If a class-action suit deals with equal pay or gender discrimination, it can be filed against an employer.
What is defined as the likelihood of disruption that would impact the ability of a company to continuously supply products or services
Answer:
Supply chain risk
Explanation:
The term supply chain risk is when a company is likely not able to meet up with its supply of goods or products as a result of likelihood of disruptions which would affect such supply.
Ideally, a company should be able to classify risk that can affect her supply chain into internal and external risks.
Internal risk such as mitigation risk and contingency risk , business risk, cultural risk, manufacturing risk etc are those risk which are within the control of a company or an organization, hence provide an avenue for mitigation since they are within the control of the business.
External risk such as supply risk, environmental risk, physical plant risk, demand risk etc are those risk outside the control of a business , hence are driven by the events in the supply chain.
An organization would therefore institute what is called supply chain risk management. The purpose is to take necessary step to mitigate, assess or control the risk inherent in an organization's supply chain.
On July 1, 20X3, Roxy Co. obtained fire insurance for a three-year period at an annual premium of $72,000 payable on July 1 of each year. The first premium payment was made July 1, 20X3. On October 1, 20X3, Roxy paid $24,000 for real estate taxes to cover the period ending September 30, 20X4. This prepayment was made to obtain a discount. In its December 31, 20X3, Balance Sheet, Roxy should report prepaid expenses of:
Answer:
$54,000
Explanation:
Calculation for What Roxy should report prepaid expenses In its December 31, 20X3, Balance Sheet,
Fire insurance premium (Unexpired) $36,000
($72,000*1/2)
Add Real estate tax prepayment (Unexpired) $18,000
($24,000*9/12)
December 31, 20X3 Prepaid expenses $54,000
($36,000+$18,000)
Therefore In its December 31, 20X3, Balance Sheet, Roxy should report prepaid expenses of:$54,000
Because of threats and risks in the global environment, some firms choose to take a more cautious approach by
Answer: (C) focusing on global niche markets.
Explanation:
Even though there are many risks involved in going into the global environment, the opportunities for growth are so immense that the risks should be taken and then managed so that losses do not occur.
One way to do this is to focus on global niche markets. The company can focus on certain parts of the global market alone where their product would sell healthily as well as where they would face the lowest risk.
This is why a lot of companies expand to developed countries where they can charge higher and the law protects their interests.
Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $375 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 10%. Assuming that Auerbach issued the bonds for $328,266,900, what interest expense would it recognize in its 2021 income statement
Answer:
$8,206,673
Explanation:
The computation of the interest expense that should be recognized in the income statement is shown below:
= Bond issue value × effective rate of interest × given months ÷ number of months
= $328,266,900 × 0.10 × 3 months ÷ 12 months
= $8,206,673
Casey Klemons' agreement (BELO plan) with his employer provides for a pay rate of $16.50 per hour with a maximum of 50 hour. How much would Klemons be paid for a week in which he worked 46 hours
Answer:
$907.50
Explanation:
Calculation for How much would Klemons be paid for a week in which he worked 46 hours
Amount to paid =(10 × 0.5 × $16.50)+(50× $16.50
Amount to paid=$82.50 + $825
Amount to paid=$907.50
Therefore the amount that Klemons should be paid for a week in which he worked 46 hours is $907.50
During 2021, Sheffield Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Sheffield, converted into common shares of Sheffield $ 543000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 281000 Payment for the early retirement of long-term bonds payable (carrying amount $3932000) 3977000 Proceeds from the sale of treasury stock (on books at cost of $394000) 457000 The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 should be $2977000. $3801000. $3819000. $3258000.
Answer: $3801000
Explanation:
The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 would be calculated as:
= 281000 + 3977000 - 457000
= 3801000
Therefore, the answer is $3801000.
OSHA can help a business avoid this type of risk
Answer
compliance risk
Explanation:
Kava Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as K65. Data concerning this product are given below:
Per Unit
Selling price $180
Direct materials $29
Direct labor $5
Variable manufacturing overhead $4
Fixed manufacturing overhead $21
Variable selling expense $2
Fixed selling and administrative expense $17
The above per unit data are based on annual production of 4,000 units of the component. Direct labor can be considered to be a variable cost. (Source: CMA, adapted) The company has received a special, one-time-only order for 500 units of component K65. There would be no variable selling expense on this special order, and the total fixed manufacturing overhead and fixed selling and administrative expenses of the company wouldn't be affected by the order. Assuming that Kava has excess capacity and can fill the order without cutting back on the production of any product, what is the minimum price per unit on the special order below which the company shouldn't go?
a. $180
b. $59
c. $78
d. $38
Answer:
D. $38
Explanation:
The minimum price at which the company should not go below is the price that covers both manufacturing and non manufacturing cost , to meet the special and one time order only.
The per unit cost of the special order will be computer
Unit cost of the special order
Direct materials
$29
Direct labor
$5
Variable manufacturing overhead
$4
Total cost
$38.
Therefore, the minimum price per unit on the special order below which the company shouldn't go is $38.
Note that we are not considering fixed costs because they are irrelevant ; meaning that they would be incurred whether or not the special order is accepted.
Suppose a nation experienced an increase in the level of unemployment. What would be the effect on the nation's production possibilities curve
Answer:
a. The curve would not shift, the change in unemployment would be represented by moving from a point inside the curve toward the curve
Explanation:
Options are : "a. The curve would not shift, the change in unemployment would be represented by moving from a point inside the curve toward the curve, b. The curve would shift to the left, c. The curve would not shift, the change in unemployment would be represented by moving from a point on the curve to a point outside the curve. d. The curve would shift to the right."
Reduction in unemployment means that the resources are being well utilized , the ideal resources in the economy is being used , so the economy moves from an inefficient point to an efficient one. The change in unemployment will be represented by moving from a point from a point to a curve inside the point. So the nation's production possibilities curve would not shift
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
Answer:
A
Explanation:
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession. a. True b. False
Answer:
false
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price
A country is in a recession when the GDP for 2 consecutive quarters is negative.
A binding price floor depends if it is above or below equilibrium
Most modern workers _________.
a.
Will change their careers, but not their jobs
b.
Will change their jobs, but not their careers.
c.
Will change both their jobs and careers
d.
Will change neither their jobs nor their careers
Answer:
B. Will change both their jobs and careers
Explanation:
Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.
According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.
Answer:
c.
Will change both their jobs and careers
Explanation:
got it right on edge
Which of the following is true?
a. Nominal GDP does not include childcare
b. Nominal GDP does not include intermediate goods
c. Nominal GDP does not take into account the effects of inflation
d. Nominal GDP does not include imported goods
Answer:
c. Nominal GDP does not take into account the effects of inflation
Explanation:
Nominal gross domestic product (GDP) can be described as a measure of the GDP or goods and services produced within the boundary of a country using current prices without taking into consideration the effects of inflation.
This nominal GDP is contrast to the real GDP which measures the GDP of a country by adjusting for the effect of inflation.
Therefore, the correct option is c. Nominal GDP does not take into account the effects of inflation.
Which fundamental economic question requires society to choose the technological and resource mix used to produce goods?
Answer:
The How to produce question.
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets. Thus, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
The fundamental economic question which requires the society to choose the technological and resource mix used to produce goods is, how to produce question.
This fundamental question is simply focused on the determination of the methods and techniques to be adopted by a manufacturer in the production of goods and services to meet the needs or requirements of the consumer.
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts. Recall that the money supply is the sum of currency and demand deposits, including checking accounts, so this regulatory change makes holding money more attractive. Question 1: How does this change affect the demand for money
Answer: Demand for money will Increase
Explanation:
As banks are paying interest on checking accounts, these accounts will become more attractive, people will want to take advantage of this and so they will demand more money.
This will enable them to deposit in checking accounts where they can earn the interest the banks are paying.
Alonzo deposited into an account with a annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to
Answer:
5.42 years
Explanation:
The computation of the number of years is as follows:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
Here we assume the number of years be n
$7,160 = $4,000 × (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1.009)^12n
Now take the log to the both sides
log $7,160 ÷ $4,000 = log (1.009)^12n
log $716 ÷ $400 = 12 t log 1.009
t = log ($716 ÷ $400) ÷ 12 t log 1.009
= 5.42 years
The following information is taken from the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections from customers $28,000
Payments to suppliers for purchases (13,000)
Payments for operating expenses (9,000)
Payments for income taxes (4,000)
Cash provided by operating activities 2,000
The following information is obtained from the income statement of Battery Builders
Net income $4,000
Depreciation expense 4,000
Gain on sale of equipment 2,000
Write-off of intangibles 1,000
In addition, the following information is obtained from the comparative balance sheets of Battery Builders (decreases in parentheses) Change in accounts receivable $3,000
Change in inventory 3,000
Change in accounts payable 2,000
Change in accrued payable (related to operating expense) (2,000)
Change in deferred taxes payable 1,000
Required
1. Prepare a complete accrual-basis income statement for the current year
2. Compute the cash flows from operations using the indirect approach (that is, start with accrual-basis net income and adjust for various items to obtain cash flows from operations)
Prepare a complete accrual-basis income statement for the current year. should be indicated by a minus sigrn Less
Answer:
See below
Explanation:
1. Complete accrual basis income statement
Sales
($28,000 + $3,000)
$31,000
Less cost of goods sold
($13,000 + $2,000 - $3,000)
-$12,000
Operating expenses
($9,000 - $2,000)
-$7,000
Depreciation expenses
-$4,000
Income tax
($4,000 + $1,000)
-$5,000
Amortization expense
-$1,000
Gain on sale of equipment
$2,000
Net income
$4,000
2. Cash flow statement (Indirect)
Net income
$4,000
Adjustments;
Add depreciation
$4,000
Add write off intangibles
$1,000
Less gain on sale of equipment
-$2,000
Less increase in accounts receivables
-$3,000
Less increase in inventory
-$3,000
Add increase in accounts payable
$2,000
Less decrease in accrued payable
-$2,000
Add increase in deferred income tax payable
$1,000
Net cash from operations $2,000
1. Suppose the Glucometer company is to sell the machine only to hospitals, and the company will maintain the Glucometer machine for the hospital for the first four years. A hospital, on an average, will use the machine 80 times a day, 300 days in a year. If this is the case, then suggest a price that the company should charge hospitals and justify your answer. What is the basis of your recommendation
Answer:
Note: The full question is attached as picture below
Glucometer company's Total cost can be calculated as $3000 + $500*4 = $5000
Also we can find the customers served in four years of visit = 80*300*4 = 96,000 customers
Also, by estimating that each customer pays $1 for utilizing the machine, the hospitals can make an estimated revenue of $96000.
=> Anything below the range of $96,000 will be an advantage for the hospitals and anything to the rise of $5,000 will be an advantage for the Glucometer Company.
Thus the price of these machines should be decided between the ranges to collate on the revenue goals of the Glucometer Organization.
What is a sign of a healthy economy
Answer:
When there are more jobs, better wages and lower interest rates, spending power rise it can have a strong effect on stock prices.
The sign of the healthy economy is that there is an employment opportunity, lower level of poverty, high rate of literary and strong effect on stock prices.
What is Economy?Economy refers to the financial condition of the person or any particular country for the given period of time. It is the method or system through which commodities and services are manufactured, sold, and purchased in a country or area.
The Consumer Confidence Index (CCI) is widely regarded as one of the most precise indicators of consumer sentiment toward the economic system and their individual circumstances. Confidence and spending power rise when there are more jobs, higher wages, and lower interest rates.
Therefore, it can be concluded that When there are more employment, higher incomes, and lower interest rates, spending power increases, which can have a significant impact on stock values.
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True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts.
Answer:
False
Explanation:
A shift in the demand curve is caused by :
A change in consumers income, taste changes in seasonA shift can either be outward or inward. It is inward when demand decreases and outward when demand increases.
The magnitude of change needs to be determined to determine the effect on price and quantity . An outward shift would have a different effect from an inward shift
