The given statement is true.
What is business?
Business is the act of making a living or making money by producing or buying and selling products (such as goods or services). It is also a “commercial activity or enterprise”.
The existence of a company name does not separate the entity from its owner. This means that the company's owners are responsible and liable for the company's debts. If the company acquires debt, the creditor can trace the owner's personal belongings. The corporate structure does not allow corporate tax rates. Owners are personally taxed on all income from the company.
The term is also often colloquially used to refer to legal entities such as limited partnerships and cooperatives (although it is not used by lawyers or public officials).
A corporation is a separate legal entity, unlike a sole proprietorship or partnership, which provides limited liability to its owners/members and is subject to corporate tax rates. Public companies are more complex and costly to set up, but offer more protections and benefits to their owners/members.
Therefore, The given statement is true.
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TRUE/FALSE. The more similar are the firms in an industry in terms of costs, strategies, and locations, the more intensely will they compete.[See p.73]
The answer for this statement is False.
What is industry?
In macroeconomics, an industry is a sector of the economy that produces a set of closely related goods, goods, or services. For example, we can mention the timber industry or the insurance industry.
When evaluating a single group or company, its primary source of revenue is usually used by industry classifications to classify it within a particular industry. For example, the International Standard Industrial Classification (ISIC) is used directly or through derived classifications in the official statistics of most countries in the world to classify "statistical units" according to "the economic activity they primarily engage in." An industry is then defined as "a set of statistical units that fall into the same ISIC category". However, a company does not have to belong to only one industry. B. A large company (often called a conglomerate) spread across different industries.
Therefore, The answer for this statement is False.
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there was no very great change in the standard of life of the average man living in the civilised centres of the earth. ups and downs certainly. visitations of plague, famine, and war. golden intervals. but no progressive, violent change. some periods perhaps 50 per cent better than others - at the utmost 100 per cent better - in the four thousand years which ended (say) in a.d. 1700.
Prior to the Protestant Reformation, which began in the 1500s, there were three significant disasters:
It is the term used historically to describe a widespread famine in Northern Europe. Although the situation had been dire since 1314, the loss of crops brought on by unfavourable weather in the spring of 1315, was serious in the winter of 1315–1316, and continued until the summer of 1317. In England, the situation did not improve until 1320 or 1322.The winter of 1317–1318 was disastrous for the flocks, costing many heads of cattle. In 1318, a rinderpest outbreak broke out, and it persisted until 1320.The 1319 harvest was strong, but the 1320s and 1320s were even better than the previous decade due to unfavourable meteorological circumstances. Small-scale, localized famines were common in the Middle Ages.
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Which of the following dimensions of e-commerce technology involves the integration of video, audio, and text marketing messages into a single marketing message and consumer experience?
Interactivity
Richness
Personalization/customization
Social technology
Ubiquity
The dimension of e-commerce technology involving integration of video, audio, and text marketing messages into a single marketing message and consumer experience is: Richness.
E-commerce is the business performed at an online platform. It involves the interaction between the buyer and seller online for the business to be accomplished. There can be three types of e-commerce: business-to-business, business-to-consumer and consumer-to-consumer.
Richness in e-commerce is defined as the amount of content and the message it is able to deliver to the customers online. If the customers are greatly influenced by the content of the website, the website is considered to have more richness.
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Mia is considering moving to a different apartment complex than where she currently lives. To better understand rent prices, she takes a large random sample of apartment complexes in her city and finds out the monthly cost of rent for a 1-bedroom apartment at those complexes. She finds the average rent of apartments in the sample is about , $800 per month.
Mia can safely generalize this result to which population?
Choose 1 answer:
A Only apartments in the sample
B Only 1-bedroom apartments in her complex
C All apartments in her complex only
D All 1-bedroom apartments in her city only
E All apartments in her city
Mia can safely generalize this result to all 1-bedroom apartments in her city only. Hence option (D) is the answer.
What is the purpose of generalizing?By recognizing the similarities in knowledge obtained in one setting and generalizing it to other ones, both humans and animals are able to apply their knowledge to different contexts. It contends that one can use prior information to learn in novel contexts and circumstances, competing with the theory of situated cognition.
Additionally, economic principles are generalizations; they are expressed as the inclinations of typical, or average, consumers, employees, or commercial enterprises. Since the simplicity and elimination of complexity facilitate a problem's study, generalizations or abstractions have practical value. Making generalizations from a small number of data or statistics is a common practice.
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stock price for vinyl record player?
To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.
What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.Learn more about current stock price refer to :
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Indicate whether each of the following is part of M1, M2, or
neither:
a. $95 on your campus meal card
b. $0.55 in the change cup of your car
c. $1,663 in your savings account
d. $459 in your checking account
e. 100 shares of stock worth $4,000
f. A $1,000 line of credit on your Sears credit card
a. $95 on your campus meal card = Neither (Specified purpose/not convertible into cash)
b. $0.55 in the change cup in your car = M1
c. $1,663 in your savings account = M2
d. $459 in your checking account = M1
e. $27.50 check from your friend = M1
f. $150,000 in a time deposit = M3
g. 50 shares of stock worth $2,000 = M2
h. A $1,000 line of credit on your credit card = Neither (credit card is a loan, not convertible into cash)
A campus is historically the land on which a university or college and associated institutional buildings are located. normally a university campus includes libraries, lecture halls, house halls, scholar facilities or dining halls, and park-like settings. A current campus is a set of homes and grounds that belong to a given organization, both academic or non-educational. Examples encompass the and the Campus. The word derives from a Latin phrase for "discipline" and was first used to describe the big field adjacent Nassau hall of the university of latest Jersey in 1774.[2] the field separated Princeton from the small close by city.
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a contingency can be accrued when group of answer choices it is probable that an asset has been impaired or a liability incurred even though the amount of the loss cannot be reasonably estimated. it is certain that funds are available to settle the disputed amount. the amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability incurred. an asset may have been impaired.
A contingency can be accrued when the amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability incurred.
A contingency is a capacity incidence of a negative occasion inside the future, inclusive of a monetary recession, herbal catastrophe, fraudulent pastime, terrorist attack, or a virus. In 2020, companies had been hit by the coronavirus pandemic forcing many personnel to must paintings remotely.
A contingent offer on a residence is a suggestion with a protective clause on behalf of the consumer. The contingency communicates that if the clause isn't met, the customer has the right to return the purchase. This practice protects the purchaser from dropping earnest money.
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In year 1, Goal Corp. purchases 1,000 shares of treasury stock for $10 per share. In year 2, Goal reissues 500 shares of the treasury stock for $13 per share. In year 3, Goal reissues 200 shares of its treasury stock for $8 per share. The journal entry to record the reissuance of treasury stock in year 3 will include which of the following entries?
(_) Debit paid-in capital—treasury shares $1,500.
(_) Debit paid-in capital—treasury shares $400.
(_) Debit common stock $1,000.
(_) Debit retained earnings $1,600.
Debit paid-in capital—treasury shares $400.
$400 of additional paid-in capital is deducted.
How is Additional Paid-in Capital Calculated?APIC = (Issue Price – Par Value) x Number of Shares Acquired by Investors is the APIC formula.
Is the additional capital payment a credit or a debit?This indicates that credits would be recorded for any additions to the common stock, preferred stock, or additional paid in capital accounts. Since the account balances are being reduced, the repurchase of shares from shareholders would result in debits to these accounts.
How do I get rid of extra capital paid?If it costs you more to buy back the shares of your company than you received when you sold them, you can use the paid-in capital reduction option to buy back the shares. For instance, if you sold 100 shares at $8 each, you got $800 from the transaction.
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Which of the following effects results from the change in the interest rate created by an increase in government spending?
crowding out but not the investment accelerator effects results from the change in the interest rate created by an increase in government spending.
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilise it right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today time, effort, money, or an asset in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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using net book values instead of gross book values to compute return on investment (roi) might encourage an investment center manager to delay replacing inefficient assets until they are fully depreciated.t/f
Using net book values instead of gross book values to compute return on investment might encourage an investment centre manager to delay replacing inefficient assets until they are fully depreciated. - True
The value of an asset as it appears on a firm's balance sheet, less any depreciation that has been applied to the asset, is known as net book value. The initial cost of an asset, before any depreciation has been taken into account, is its gross book value. Using net book value to calculate return on investment (ROI) can affect how an investment centre management acts.
For example, the manager may be enticed to wait to replace inefficient assets until they have fully depreciated if net book value is used to calculate ROI. This is because when an asset is fully depreciated, its net book value is zero, and any profits generated by the asset will be reflected in the ROI calculation as pure profit. As a result, the ROI will be higher if the asset is retained until it is fully depreciated, rather than being replaced with a newer, more efficient asset.
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One benefit of holding cash balances at a centralized depository is that the firm can deposit ______(smaller or larger?) amounts
One benefit of holding cash balances at a centralized depository is that the firm can deposit larger.
What is a depository?Depository is a term used to describe both a place where something is kept for safekeeping or protection and a company, such as a bank or savings association, that accepts customer money deposits.
A depository is any company, bank, or institution that keeps securities and facilitates their trading.
A depository offers a funds transfer service, invests in other assets, lends out money put for safekeeping to others, and provides security and liquidity in the market.
Upon request, a depository must deliver the deposit back in its original state.
Banks, safes, vaults, financial institutions, and other businesses can serve as depositories.
For the general public, depositories have many uses. They start by removing the danger associated with keeping physical assets for the owner.
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lazy day laundry company recently issued a corporate bond on which it expects to pay interest for the next twenty years. the company would record this as a on its balance sheet.
Lazy day laundry company recently issued a corporate bond on which it expects to pay interest for the next twenty years. The company would record this as a long-term liability on its balance sheet.
What is long-term liabilities?
Long-term liabilities, also known as non-current liabilities, are obligations that must be met after a year or the company's typical operating period. The length of time it takes a business to convert inventory into cash is known as the normal operation period.
Liabilities on a classified balance sheet are divided into current and long-term liabilities to make it easier for users to evaluate the company's financial position over the short- and long-terms. Present liabilities notify the user of the debt that the company owes in the current period, whereas long-term liabilities provide users with more information regarding the company's long-term prosperity.
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roe relates blank . multiple choice question. total assets to the average stockholders' equity net income to the average stockholders' equity net income to the price per share average stockholders' equity to the price per share eps to the average stockholders' equity
ROE relates net income to the average stockholders' equity. Hence, b) option is correct.
What is Return on Equity (ROE)?
Dividends of shareholders' equity are used to determine the return on equity (ROE), a metric of financial performance. ROE is regarded as the return on net assets because shareholders' equity is equal to a company's assets less its debt.
ROE is used as a measurement of a company's profitability and efficiency in generating profits. A company's management is more effective at generating revenue and growth from its equity financing the higher the ROE.
If net income and equity are both positive numbers, it is possible to calculate ROE as a percentage for any corporation. Before dividends to common shareholders, dividends to preferred shareholders, and interest to lenders are taken into account when calculating net income.
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this political system has centralized authority vested in formal, usually hereditary, offices and titles, and is characterized by ranked inequality and an economic system of redistribution.
The political system that has centralized authority vested in offices and titles is the chiefdom
In non-industrial societies, a chiefdom is a type of hierarchical diplomatic structure that is often based on kinship and in which the legitimate senior members of particular families or "houses" hold formal authority. These elites make up a political-ideological aristocracy in comparison to the general populace.
A chiefdom is a sort of social organization that is more sophisticated than a tribe or band society but less complex than a state or civilization. This theory of cultural evolution serves as the foundation for this model of human social development. Chiefdoms are characterized by the concentration of authority and pervasive inequality. The elite and the commoner are two at least two hereditary social classes.
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which one of the following is not a withdrawal option for a mutual fund owner, who has a minimum nav of $5,000?
None of the Above. A mutual fund owner typically has access to a variety of withdrawal options, including direct deposit, check, and wire transfer.
However, the minimum NAV (net asset value) of the mutual fund must be considered when choosing a withdrawal option. If the minimum NAV of the mutual fund is $5,000, then none of the above options would be available.
Net asset value, or "NAV," of an investment company is the company's total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company's NAV will be $90 million.
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the purchasing department multiple choice should obtain competitive bids from vendors. should inspect incoming goods and forward them to the receiving department. all of the choices are correct. should inspect vendor invoices and forward them to the accounting department.
The purchasing department Should obtain competitive bids from vendors. Option A.
Auditors will most likely obtain reports and supplier invoices, underscoring a sample of unrecognized cash payments until the end of the year. Delivering order information to recipients facilitates blind receipt.
Therefore, the recipient cannot know the quantity ordered and must Independently determine and record the number of goods or services received. A credit note is a commercial document issued by a seller to a buyer. A credit memo serves as the source document for the sales complaint journal. In other words, credit is proof that sales have fallen.
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Bridgeport Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 45,000 shares for cash at $51 per share. July 1 Issued 65,000 shares for cash at $57 per share. Your answer is partially correct. Journalize the transactions.
a. The journal entries are shown below:
Cash Dr $2,040,000 (40,000 shares × $51)
To Preferred stock $2,000,000 (40,000 shares × $50)
To Paid in capital in excess of par - Preferred stock $40,000
(Being the issuance of preferred stock is recorded)
Since the cash is increased so it would be debited along with it the stockholder equity is also increased so preferred stock is credited and the remaining balance is transferred to the paid in capital
Cash Dr $3,360,000 (60,000 shares × $56)
To Preferred stock $3,000,000 (60,000 shares × $50)
To Paid in capital in excess of par - Preferred stock $360,000
(Being the issuance of preferred stock is recorded)
Since the cash is increased so it would be debited along with it the stockholder equity is also increased so preferred stock is credited and the remaining balance is transferred to the paid in capital
b. The posting is as follows
Preferred Stock
Date Debit Date Credit
1-Feb $2,000,000
1-Jul $3,000,000
Paid in capital in excess of par - Preferred stock
Date Debit Date Credit
1-Feb $40,000
1-Jul $360,000
c. As we know that the stockholder equity comprises of common stock, preferred stock, retained earning, treasury stock, etc
So, the presentation of the accounts is
Preferred stock, $50 par value, 100000 outstanding and issued - $5,000,000
Paid in capital in excess of par - Preferred stock - $400,000
These amount are a sum of preferred stock and paid in capital in excess of par.
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dicte has a small business making beaded jewelry. the costs of purchasing the beads, semi-precious stones, clasps, and other supplies used to make the jewelry and the rent on her store are the
Dicte has a small business making beaded jewelry. the costs of purchasing the beads, semi-precious stones, clasps, and other supplies used to make the jewelry and the rent on her store are the is more then profit.
Small businesses are corporations, partnerships, or sole proprietorships that are smaller in scale than larger firms or corporations in terms of both the number of employees and/or yearly revenue. Depending on the nation and sector, different types of businesses may be considered "small" for the purposes of applying for government assistance and being eligible for special tax treatment. Small firms can have as little as fifteen employees under the Australian Fair Work Act 2009, fifty employees in accordance with the EU's definition, and fewer than 500 employees to be eligible for various SBA programs in the United States. Although small firms can be categorized using various criteria, such as annual revenues, shipments, sales, assets, or annual gross or net revenue or net profits, one of the most important criteria is the number of employees.
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a policy should state that if employees violate a company policy or any law using company technologies, the company will protect them, and the company will provide for the employee's legal defense.
This statement is False, A policy must nation that if employees violate an organization's coverage or any regulation of the use of company technologies, the employer will shield them, and the corporation will provide for the employee's criminal defense.
Company policy is a set of guidelines and rules that a company lays out to ensure that employees understand what is expected of them. Company policy can include rules on dress code, attendance, safety, ethics, and customer service. It may also include policies on how to handle certain situations such as workplace harassment or how to respond to customer complaints.
Company policy should be clearly communicated to all employees so that there is no confusion regarding expectations. Company policy should also be regularly reviewed and updated to ensure that it is up-to-date and relevant to the company’s current needs. Additionally, it should be enforced in a fair and consistent manner to ensure that all employees are held to the same standard. By following a set of company policies, businesses can create an environment of trust and respect among employees and customers.
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Complete Question: -
A policy should state that if employees violate a company policy or any law using company technologies, the company will protect them, and the company will provide for the employee's legal defense. T/F
Conditions for monopolistic competition The following question asks you to analyze the monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market. Complete the following table by selecting whether each of the listed attributes describes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply. Attributes:Marginal revenue is equal to price Few sellers Price taker Product differentiation
The attributes that describe competitive markets, monopolistically competitive markets, both of them, or neither, include:
Competitive market :
Marginal revenue is equal to pricePrice takerMonopolistically competitive market :
Product differentiationNeither :
Few sellersWhat is a Monopolistically competitive market ?Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods . None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing . The way the market is set up results in a type of unfair competition .
This is different from a competitive market where the people have to accept the price the market creates which makes them price takers . However , both markets have many sellers and so neither have few sellers .
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the fha increases access to home ownership by insuring mortgages and protecting lenders from financial loss in the event of a default.T/F
This is accurate since FHA-approved lenders across the US and its territories offer mortgage insurance on loans for single-family, multifamily, mobile home, and hospital properties.
What does finance mean to a business?It makes reference to the entire quantity of cash and credit that a corporation has employed. In adding to the purchase of property, services, & raw materials, business finance is required for all other economic activities. In particular, it is required for completing out any and all business processes.
Why is money significant?Funds topics are the main subject for financial research. It's a important component for everybody or any organization. Due to the fact that all businesses must generate income in order to live, it is essential to a firm. As a result, it is viewed as a specialized industry needing skilled workers.
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michelle townsend owns stock in national computers. based on information in its annual report, national computers reported after-tax earnings of $6,526,000 and has issued 5,020,000 shares of common stock. the stock is currently selling for $25 a share.
The current price of the stock is $25 a share, meaning that the total value of the stock is $125,500,000. Michelle Townsend owns a fraction of the 5,020,000 shares of National Computers’ common stock. The after-tax earnings of National Computers is $6,526,000 which can be used to pay dividends to shareholders.
Michelle’s return on investment will depend on the dividends she receives and any changes to the stock price that occurs in the future. If the stock price increases, her shares will be worth more. If the company pays out dividends, she will receive a portion of the total amount paid out.
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(04.03 mc) federal reserve banks directly affect the national economy by (5 points) group of answer choices administering consumer protection laws increasing and decreasing the money supply providing oversight and services for financial institutions raising and lowering interest rates
Federal reserve banks directly affect the national economy by increasing and decreasing the money and raising and lowering interest rates.
The Federal Reserve Banks directly affect the national economy by administering the monetary policy, which is the process of setting and managing the money supply and interest rates. This is done through a variety of tools, including buying and selling government securities on the open market, setting the discount rate (the rate at which banks can borrow from the Federal Reserve), and setting reserve requirements (the amount of funds banks must keep on hand).
By controlling the money supply and interest rates, the Federal Reserve is able to influence economic activity, inflation, and employment. Raising and lowering interest rates (option D) is one of the primary tools used by the Federal Reserve to influence economic activity. Increasing and decreasing the money supply (option B) is another tool used by the Federal Reserve to influence the economy.
The Federal Reserve does not administer consumer protection laws (option A) or provide oversight and services for financial institutions (option C).
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The Michael Porter Diamond of National Advantage is a framework that explains why countries foster successful multinational corporations based on factor endowments and demand conditions only. t/f
The Michael Porter Diamond of National Advantage is a framework that explains why countries foster successful multinational corporations based on factor endowments and demand conditions only. This statement is false.
What is the Porter's diamond model of national competitive advantage?A business or industry's unique competitive edge that sets it apart from rivals in a given area or nation is highlighted by the Porter Diamond model. The concept, also referred to as the Porter Diamond Theory of National Advantage, explains why specific industries flourish in specific countries.
Land, natural resources, labor, and the density of the local population are all examples of factor endowments. According to Michael E. Porter, a country can develop new advanced factor endowments including trained labor, a solid technological and scientific foundation, political backing, and culture.
The four interrelated factors that make up Porter's Diamond framework are factor conditions, demand conditions, related/supporting industries, and firm strategy, structure, and competition.
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Which of the following bests describes oligopoly markets?
when a few businesses get together to fix prices. A market structure known as an oligopoly has a limited number of enterprises, none of which can prevent the others from exerting significant influence.
Why is oligopoly the most effective market structure?An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive.
What qualities define oligopolistic marketplaces as being the most significant?The interdependence of the several businesses in the decision-making process is the defining feature of an oligopoly. Advertisements: All businesses in an oligopolistic industry are aware of this fact.
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Has audit quality improved since the passage of Sarbanes-Oxley Act (SOX)? Which of the following statements is true with regards to audit quality since the passage of SOX?A) the frequency of financial statement restatements has increased since SOXB) PCAOB audit engagement findings continue to document a high level of audit deficienciesC) Finally, the auditing professions agrees on the definition of audit qualityD) no progress has been made on the definition of what are called "Audit Quality Indicators" since SOX
The Sarbanes-Oxley Act's passage on July 30, 2022, marked its twentieth anniversary on that day (SOX).
The Sarbanes-Oxley Act's passage on July 30, 2022, marked its twentieth anniversary on that day (SOX). Investors have noticed how SOX has improved the conduct of American corporations' reporting and auditing, but more work still needs to be done. Even more significant improvements are required for analogous provisions in the UK and Europe, across the pond.
Sections 404, Management Assessment of Internal Controls, and 302, Corporate Responsibility for Financial Reporting, are two sections that have been particularly successful in enhancing U.S. corporate reporting. The quality of corporate reporting and audit has not been improved by certifications, attestations, or audits per se, but rather by the behavioral changes they have sparked. The accountability and subsequent resource allocation were what really enhanced corporate reporting in the United States.
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alaska, florida, nevada, south dakota, tennessee, texas, washington and wyoming are all sates that require no income tax.
The only states without a state income tax as of 2022 are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Be aware that certain wealthy earners in Washington are subject to a state capital gains tax.
Which five states don't impose an income tax?Eight states, including Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming, do not impose a personal income tax.
Which three states exempt retirement income from taxes?There are eight states that do not impose income taxes on any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. States that do not impose a state income tax do not impose taxes on pension payments, Social Security retirement benefits, or payouts from retirement assets.
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a car dealer acquires a used car for $14,000, with terms fob shipping point. compute total inventory costs assigned to the used car if additional costs include $250 for transportation-in. $300 for shipping insurance. $900 for car import duties. $150 for advertising. $1,250 for sales staff salaries. $180 for trimming shrubs.
For computing inventory, what cost is assigned to the used car?
For computing inventory, $15,450 cost is assigned to the used car.
Inventorycosts include all the expenses related to ordering, holding, and managing the inventory or stock levels of a product-based business. Total inventory prices area unit oftentimes counteracted into 3 distinct categories: ordering prices, carrying prices, and stockout prices.
Shipping insurance may be a service which can reimburse senders whose parcels are lost, stolen, and/or broken in transit. In North American country, Canada and therefore the USA, shipping insurance is obtainable by communication services, messenger firms, and shipping-insurance firms. Not all insurers can insure all product. Carrier takes the whole responsibility of the shipment.
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Which of the following is true about Product Life Cycles?a) A Reminder promotion is normally used in the introductory phaseb) Profits peak in the maturity phasec) Early adopters buy in the introductory phased) Sales peak in the growth phasee) A informative promotion is most generally used the maturity phase
The true statement about the product life cycle is c) Early adopters buy in the introductory phase
Early adopters in a product life cycle are a group of consumers who typically buy a product during the introductory phase. The product life cycle is a model that describes the stages that a product goes through from its development and introduction to the market, to its growth, maturity, and eventual decline. The introductory phase is the first stage of the product life cycle, and it is characterized by low sales and high marketing and promotional expenses.
During this phase, the product is introduced to the market and is often only available to a limited number of consumers. Early adopters are the first to try the product and are often willing to take risks and pay a premium price to have it. By buying the product during the introductory phase, early adopters help to generate buzz and interest in the product and can help to accelerate its growth.
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federal taxes on the sale of alcohol, tobacco, and gasoline are examples of taxes.
Excise taxes are levied on particular products or services like alcohol, cigarettes, and gasoline. They are mostly taxes that businesses must pay, which usually results in indirect price increases for consumers.
What kind of tax is levied on cigarettes and gasoline?Excise taxes are levied on the production, distribution, and consumption of goods as well as on the issuance of licenses for particular professions. Since 1950, when excise taxes accounted for over 20% of total federal tax receipts, the federal government has become less reliant on them.
It's a form of consumption tax, which means it charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax.
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