Chris Anderson, editor-in-chief of Wired magazine, describes niche-market e business strategies as capturing the Long Tail referring to the tail of a typical sales curve.
A company's business strategy outlines the actions and choices it will undertake in order to achieve its goals and objectives. A business plan lays out the actions the firm must follow to achieve its goals, which can help guide choices about the allocation of resources and hiring. The only five corporate strategies are cost, quality, distribution, technology, and intellectual property (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. A business strategy is a series of crucial choices and actions that enable the business to outperform its rivals and attract and keep new consumers. As a general rule, concentrating your organization on one is the easiest to implement. It entails determining your competitive goals, game environment, and field of play.
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integrating a business software module into an erp has several advantages. which of the following business software modules includes customer payment information?
TPS is a business software module which includes customer payment information.
What is TPS?TPS or a transaction process system refers to an information processing system for business transactions. It involves the collection, modification and retrieval of all transaction data. The features of a TPS include performance, reliability and consistency.
SABRE, was the first transaction processing system made by IBM for American Airlines, which became operational in 1964. It was designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers. This transaction processing system was migrated to IBM System or 360 computers in 1972. It became an IBM product first as an Airline Control Program and later as a Transaction Processing Facility.
TPS business software module is also called the transaction processing or real-time processing.
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assume the same initial contribution information as in the other casper-dold problem. then assume that the partners specify an agreed-upon percentage in the initial partner capital, as follows: 50% to casper, and 50% to dold. if the goodwill approach to partnership formation is used, the initial entry to record the formation of the partnership will recognize goodwill of:
If the goodwill approach to partnership formation is used, the initial entry to record the formation of the partnership will recognize goodwill of $20,000 as an example.
What does Good will mean?
Goodwill is an intangible asset that is created when one company buys another. It is the difference between a company's purchase price and its fair market value, and it is based on the company's reputation, customer base, and brand name over time. Goodwill is an intangible asset that can be very valuable for a company because it can increase a company's perceived value and help to generate more customers and sales.
What does Market value means?
Market value is an assessment of the worth of an asset or service based on the forces of supply and demand in the market. It is the price that a buyer and seller can agree upon, and it is determined by the number of people who are looking to buy the asset or service, their ability to pay for it, and the number of people who are selling the asset or service. Market value is also referred to as "fair market value."
Goodwill is a form of intangible assets, and it is recorded when the amount paid for an asset exceeds its fair market value. In this case, the goodwill is the difference between the $40,000 paid for the assets and the $20,000 fair market value. Thus, the initial entry to record the formation of the partnership will recognize goodwill of $20,000.
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Chair Company contracts to deliver a dozen suites of dining room tables and chairs to Purnit ure Store on May 1. On April 15. Chair tells Furniture that delivery will be delayed until June 1. Furniture may a. Awalt performance, sue Chair for Anticipatory Breach, or suspend its own performance b. Only await performance c. Only sue Chair d. Only suspend its own performance Chapter 22
Furniture may await performance, sue Chair for Anticipatory Breach, or suspend its own performance.
There are a few things to keep in mind when shopping for furniture. First, think about the style of the room you are furnishing. Second, take into account how much use the furniture will get. If you have kids or pets, you'll want to choose furniture that is durable and easy to clean.
Third, make sure to measure the space you have available before making any decisions. Based on the performance you want, you must decide the material. And finally, consider your budget. It's important to set a realistic budget before you start shopping.
Hence, the correct option is "A".
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In pricing a property using the market data approach, adjustments are made to the price of the _____ property.
subject and comparable
subject
comparable
subject or comparable
In pricing a property using the market data approach, adjustments are made to the price of the comparable property.
Houses which can be similar (similar) to every other ought to have comparable marketplace values, and consequently similar assessed values. One manner to evaluate whether or not your home has been assessed pretty, or uniformly, is to compare its assessment to the evaluation of different comparable houses.
A similar property is one that is most just like the challenge belongings. The similarities must healthy all the overall info of the property. wellknown descriptions of a property consist of the wide variety of bedrooms, baths, square footage size, and so forth.
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You can decrease the cash cycle by: improving the cash discount offered to customers who pay their accounts early. increasing the percentage of customers paying with credit rather than cash. increasing the amount of raw materials kept in inventory. paying your suppliers earlier to receive a discount on your purchases. increasing your inventory to prevent stock-outs.
Cash cycle, a measure of liquidity of company, can be decreased by better cash discounts for early paying customers.
What does cash cycle mean?Also known as the cash conversion cycle (CCC), it's the time between buying the raw materials used to make a product and selling the product to make money.
It's one of the best ways to check your company's sales efficiency. It helps companies quickly know how to buy, sell, and receive cash. A low or (better yet) negative CCC means that working capital has not been tied up for a long time and the business is highly liquid.
How do you calculate cache cycles?Cash Conversion Cycle = DIO + DSO - DPO
DIO stands for Days Inventory Outstanding. DSO stands for Days Sales Outstanding. DPO stands for Days Payable Outstanding.
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A group of small grocery shops forms a new business entity to buy products directly from manufacturers. The group buys products in bulk which are then distributed among members. This helps the shops obtain better profit margins. Which of the following types of vertical marketing system can be observed here?
A) contractual
B) corporate
C) administered
D) controlled
E) regulatory
A group of small grocery shops forms a new business entity to buy products directly from manufacturers. The group buys products in bulk which are then distributed among members. This helps the shops obtain better profit margins. Contractual vertical marketing system can be observed here.
Earlier, businesses chose a traditional marketing strategy. It can be characterized as a situation in which manufacturers, distributors, and retailers work independently from one another to maximise profits. The system increased disputes among business partners and decreased ROI. Some businesses chose to transition to a vertical marketing structure in order to prevent these repercussions.
Manufacturers, wholesalers, and retailers all work together to produce goods and distribute them in a vertical marketing structure. As a result, business owners may effectively manage their organizations and increase their market share. A vertical marketing system aims to reduce rivalry and conflict that frequently exist between businesses. Better efficiency and lower product costs are the results.
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Regarding a bond's characteristics, which of the following is the principal loan amount that the borrower must repay?A. call premiumB. maturity dateC. par or face valueD. time to maturity value
The correct option is C ; Par or face value A bond is a contractual arrangement between the bond's issuer and the bondholders.
The bond issuer, maturity date, coupon, face value, bond price, and bond yield are the most essential common features shared by all bonds.
The major drivers of a bond's coupon rate are two characteristics of the bond: credit quality and time to maturity. If the issuer has a low credit rating, the chance of default is higher, and the interest rate on these bonds is higher.
Bonds with a long maturity date often pay a higher interest rate. Bond characteristics include their maturity, coupon (interest) rate, tax status, and callability. Bonds are subject to a variety of risks, including interest rate risk, credit/default risk, and prepayment risk.
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Listed below are bundles, each comprised of three independent proposals for which the PW has been estimated. For a capital investment limit of $45,000 and a MARR of 9% per year, the bundle selected isBundle Investment, for Bundle, $ PW at 9%, $1 −18,000 −1,4002 −26,000 8,5003 −34,000 7,1004 −41,000 10,500
Assuming that the bundles are mutually exclusive and only one bundle has to be chosen, we will choose bundle 4.
This is so because the bundle provides the highest net present worth for the future cashflows.
Also, bundle 4 has an investment of $41,000 which is well within the maximum investment limit.
Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.
Ability to generate positive cash flows, or more specifically, ability to maximize long-term free cash flow, is fundamentally what determines a company's ability to create value for shareholders. After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business operations.
The amount of money a company receives and expends is known as its cash flow. Businesses receive revenue from sales and spend that revenue on overhead. Additionally, they might make money from investments, royalties, licensing deals, and interest payments. They might also sell goods on credit with the expectation of receiving the money owed at a later time.
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Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.
Cash balance December 31, 2013 is $70,944 the required answer for the given question.
What is Comparative balance sheet?The financial status of an organisation throughout several time periods for which comparison is done or is necessary is shown on a comparative balance sheet.
Forten Company
Statement of Cash Flows
For the year ended December 31, 2013
Cash flow from operating activities:
Net income $145,200
Adjustments to net income:
+ Depreciation expense $20,000
+ Loss on sale of equipment $4,500
+ Decrease in prepaid expenses $500
- Increase in accounts receivable $18,000
- Increase in merchandise inventory $29,106
- Decrease in accounts payable $53,125 -$75,231
From operating operations, net cash flow $69,969
Cash flow from investing activities:
income from the selling of equipment $15,100
cash outflow from equipment purchases -$63,000
Net cash flow generated from investments -$47,900
Cash flow from financing activities:
income from the sale of common shares $70,000
Flow of funds from the bank's short-term payable notes $4,000
Bank's short-term notes payable cash outflow -$44,125
Cash outflow from dividends -$53,000
Net cash flow from operating transactions -$23,125
Net cash decrease -$1,056
Cash balance December 31, 2012 $72,000
Cash balance December 31, 2013 $70,944
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TRUE/FALSE preemployment drug testing tends to discourage drug users from applying for jobs or for applying with companies that perform drug tests.
The answer is true that is pre-employment drug testing discourages drug users for applying for jobs.
What is pre-employment drug test?A prospective hire's drug use or abuse of prescribed medications is discovered through a pre-employment drug test. It can also be used for workers who are returning to their jobs after an illness or injury; in this case, it's known as a pre-placement drug test.
Despite the fact that drug use is fairly widespread in the United States, many employers conduct drug tests on applicants before hiring them because of the danger and legal issues associated with drug use.Pre-employment drug testing tends to deter drug users from looking for jobs or applying with companies that do drug tests, hence the answer is "yes." Drug users frequently want to avoid the humiliation of attending a job interview only to be informed that their drug use disqualifies them.
As a result, drug users are less likely to apply for jobs where drug testing is required.
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cash paid for property, plant and equipment is found in the cash outflows from the activities section of the statement of cash flows. (enter only one word per blank.)
The term "cash flow from investing activities" refers to the inflow and outflow of cash from investing in assets (including intangibles), purchasing assets such as property, plant and equipment, shares, debt, and from sale proceeds of assets or disposal of shares/debt, or redemption of investments such as a collection from loans advanced or debt issued.
cash inflows and outflows from operating activitiescash inflows and outflows connected to external financing sources (owners and lenders). Inflows and outflows of cash resulting from the sale or acquisition of investments and long-lived assets. Gross revenues and gross payments are the components of cash flows from operating operations that are reported.
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What is free cash flow and why is it important?
Free cash flow is the cash available to a company, it is important because it allows the company's needs to be met.
What is free cash flow?As we have already mentioned, it is all the money coming from a company's cash, that is to say, it is the amount of liquid money that an entity has with which it can make quick purchases or pay its suppliers.
The free cash flow is of great advantage because it helps companies to quickly solve any inconvenience that may arise, that is why it is considered necessary to manage cash within companies.
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,
If the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.
What is demand?Demand can be defined as the amount of goods that a customers is ready or willing to buy at a particular period of time.
An elastic demand tend to occur as a result of change in demand and change in price of a product or how the change in demand tend to have impact on change in price.
Therefore the correct option is B.
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The complete question is:
he government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,
a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1
b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1
c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1
d. the demand is elastic and the coefficient of price elasticity of demand is less than 1
e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1
in preparation for an upcoming site visit by the joint commission, the director of him discovered that the number of delinquent records for the preceding month exceeded 50% of discharged patients. even more alarming, was the pattern she noticed in the type of delinquencies. which of the following represents the most serious pattern of delinquencies?
The correct answer is missing operative reports.
What is operative report?An operational report is a report that is written in a patient's medical file to summarize a procedure. Following a surgical procedure, the operative report is dictated and then entered into the patient's file.
The preoperative and postoperative diagnoses, as well as the patient's state following surgery, are all included in the operative report.
Preoperative and postoperative drugs, patient information, medical history, informed consent forms, surgeon orders, and a comment about the anesthesia are all included in the operation records.
The patient's postoperative recuperation requires prompt attention from other healthcare providers.
Patients have the right to a copy of their medical records, including the operation report, in the majority of American states.
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Which of the following is not a type of financial banking?
Investment banks, insurance firms, and mutual funds just like SBI Mutual Fund.
What makes money important?Money woes are at the heart of the discipline of finance. It's a crucial element for every individual or business. It is essential for a company since all businesses must make money in order to survive. It is considered a specialty business that requires experienced people for this reason.
What does finance include for a company?It makes reference to the entire quantity of cash and credit that a corporation has utilized. The execution of all other economic activities, as well as the purchase of goods, services, and raw materials, require business finance. In particular, it is required for conducting out all business processes.
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euerstein Company uses the weighted average method in its process costing system. The following data for the Mixing Department were taken from the company's accounting records. Beginning work in process inventory (100% complete as to materials; 80% complete as to conversion) 60,000 units Started in process during the period 180,000 units Ending work in process inventory (100% complete as to materials; 60% complete as to conversion) 40,000 units The equivalent units of production for conversion costs were:
The equivalent units of production for conversion costs are 16,000 units. Equivalent units are typically calculated for two types of costs: direct materials costs and conversion costs (which include labor and overhead).
To calculate the equivalent units of production for conversion costs, you need to determine how many units are completed during the period and how much of the ending work in process inventory is considered equivalent to a completed unit. Equivalent units are a measure of the work done on units in a production process during a specific period. They are used in process costing, which is a method of assigning costs to units of production based on the amount of work done on those units during a specific period.
First, find the number of units completed during the period by subtracting the beginning work in process inventory from the units started and added during the period:
180,000 units - 60,000 units = 120,000 units.
Next, determine the percentage of the ending work in process inventory that is considered equivalent to a completed unit by subtracting the percentage that is complete as to materials from 100%. In this case, the percentage of the ending work in process inventory that is equivalent to a completed unit is 100% - 60% = 40%.
Then, multiply the number of units in the ending work in process inventory by the percentage that is considered equivalent to a completed unit to find the equivalent units of production for conversion costs: 40,000 units * 40% = 16,000 equivalent units.
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True/False1.Is optimal portfolio the combination of securities that achieves the highest expected return for a desired level of risk.2. Risk premium must always be larger than required return.
Is optimal portfolio the combination of securities that achieves the highest expected return for a desired level of risk. This statement is true.
What Is the Optimal Portfolio?A portfolio that has been perfectly balanced between risk and return is said to be optimal. The best portfolio balances investments with tolerable risk and the highest potential returns, or investments with the lowest risk for a given return.
A portfolio that minimizes your risk for a certain level of return or maximizes your return for a certain level of risk is the ideal portfolio. It implies that risk and return cannot be viewed separately. To achieve bigger rewards, you must accept greater risk.
An asset portfolio that maximizes expected return for a specific degree of risk can be put together by investors using the Modern Portfolio Theory (MPT), a theory of investments.
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A truck costing $30,000 was destroyed in a flood. At the time of the flood, the accumulated depreciation on the truck was $16,000. An insurance cheque for $37,000 was received based on the replacement cost of the truck. The entry to record the insurance proceeds and the disposition of the truck will include acredit to gain on disposal of $21,000.credit to the Truck account for $16,000.credit to the Accumulated Depreciation account for $16,000.credit to gain on disposal of $23,000.None of the above
A $16,000 credit will be made to the Accumulated Depreciation account as part of the entry to reflect the insurance payout and the truck's disposition. Hence, Option C is correct.
Depreciation is the practise of deducting the cost of a company asset over a number of years as opposed to just one. Depreciation can be calculated using one of four primary methods: a straight line, a twofold decreasing curve, a sum of the years' digits, or a unit of production.
A flood ruined a truck that cost $30,000 to buy. The truck had $16,000 in cumulative depreciation at the time of the flood. Based on the truck's replacement cost, an insurance check for $37,000 was obtained.
There will be a $16,000 credit to the Accumulated Depreciation account in the entry to reflect the insurance payouts and the truck's disposition.
Therefore, Option C is correct.
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during 2017, trey corporation accrued warranty expense based on 3.5% of net sales revenue. during 2018, trey corporation revised its estimate to 4%. sales revenue was $2 million for each year. for the year ended december 31, 2018, the warranty-related entry would include a debit to:
For the year ended December 31, 2018, the warranty-related entry would include a debit to warranty expense of $80,000.
If it's miles impracticable to determine the cumulative impact of applying a trade-in accounting principle, then the new accounting principle should be applied prospectively as of the earliest date practicable. in this situation, the disclosures discussed in FSP 30.4.
Cumulative effect equals the difference between the actual retained profits suggested at the beginning of the yr using the antique approach and the retained income that would have been reported at the start of the year if the brand-new technique had been utilized in earlier years.
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tom tom llc purchased a rental house and land during the current year for $160,000. the purchase price was allocated as follows: $105,000 to the building and $55,000 to the land. the property was placed in service on may 22. calculate tom tom's maximum depreciation for this first year. (use macrs.
The maximum amount depreciated by tom in this first year is $2386.65.
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline. Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc. Accumulated depreciation should be classified as an asset if you have to decide between the two options because that is how the account is shown on the balance sheet.
Purchased : $160,000
Building: $105,000
Land: $55,000
Tom's first-year maximum depreciation: we'll use this one.
The mid-month convention is in effect, and the maximum depreciation for residential property will be $105,000 divided by 2.273% over the recovery period of 2.273 years.
maximum depreciation will be here as
maximum depreciation = $105000 × 2.273%
maximum depreciation = $105,000 × 0.02273
maximum depreciation = $2386.65
Maximum depreciation is equal to $105,000 divided by 0.02273, or $2386.65.
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Stock splits and stock dividends have the following effects on Total Stockholders' Equity:
Select one:
a. Stock Splits DECREASE | Stock Dividends DECREASE
b. Stock Splits INCREASE | Stock Dividends NO CHANGE
c. Stock Splits NO CHANGE | Stock Dividends DECREASE
d. Stock Splits NO CHANGE | Stock Dividends NO CHANGE
The following impacts stock splits and dividends have on total stockholders' equity Stock Dividends remain unchanged as Stock Splits rise. Hence, Option B is correct.
A stock split is a corporate move in which a corporation issues more shares to present shareholders in order to increase the number of outstanding shares.
Splitting a stock can increase trading liquidity and appear to be a more inexpensive investment. The number of outstanding shares rises and the price per share falls correspondingly in a stock split, while the market capitalization and value of the company remain constant.
Even when the company's fundamental worth has not altered, a stock split may make the shares appear more reasonable. Additionally, it might make the stock more liquid.
Therefore, Option B is correct.
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Cross-sectional regression models linking personal disposable income to consumption expenditure are likely to be hampered by Multiple Choice None of the options are correct. homoscedasticity. nonlinearity. heteroscedasticity. autocorrelation.
Cross-sectional regression models linking personal disposable income to consumption expenditure are likely to be hampered by heteroscedasticity.
Heteroskedasticity refers to things wherever the variance of the residuals is unequal over a variety of measured values. Once running a multivariate analysis, heteroskedasticity leads to an associated unequal scatter of the residuals (also referred to as the error term).
Heteroscedasticity is especially thanks to the presence of outlier within the knowledge. Outlier in Heteroscedasticity means the observations that square measure either little or giant with relevance the opposite observations square measure gift within the sample. Heteroscedasticity is additionally caused thanks to omission of variables from the model.
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Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets 66,400 82,380 292,156 1,320 442,256 146,500 $84,500 61,625 262,800 2,115 411,040 119,000 42,125) 51,500) $546, 631 $478,540 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings $131,175 64,141 13,300 77,441 139,375 59, 750 199,125 136,94.1 161,250 179,250 54,000 176,440 118,165 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $637,500 296,000 341,500 Depreciation expense 31,750 143,400 175,150 Other expenses Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income 16,125) 150,225 39,650 $110,575 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $16,125 (details in b) b. Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a long term note payable for the balance d. Borrowed $5,100 cash by signing a short-term note payable e. Paid $55,625 cash to reduce the long-term notes payable f. Issued 3,600 shares of common stock for $20 cash per share g. Declared and paid cash dividends of $52,300 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities 0 Cash flows from financing activities: 0 0 Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year 0
Cash at the end of year $66,400
What is Forten Company's current year income statement?Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
The indirect way of creating a comprehensive statement of cash flows using a spreadsheet.
FORTEN COMPANY
Statement of Cash Flows
For the Year ended December 31
Cash Flow from Operating Activities:
Net Income $110,575
Translation of net income to working capital from operating activities adjustments:
Depreciation $31,750
Loss on sale of Equipment $16,125
Increase in Accounts Receivables -$20,755
($61625 - $82380)
Increase in Inventory -$29,356
($262800-292156)
Decrease in Prepaid Expenses $795
($2115-1320)
Decrease In Accounts Payable -$67,034
($64141 - $131175)
Increase in Short term note payable $5,100
($13300-8200)
Total Adjustments -$63,375
From Operating Activities Net Cash Flow (A) $47,200
Cash Flow from Investing Activities:
Cash Received from sale of Equipment $22,625
Purchase of Equipment (In cash) -$52,000
Inflow of Net Cash Into Investing Activities (B) -$29,375
($22,625-$52,000)
Cash Flow from Financing Activities:
Repayment of Long Term Note Payable -$55,625
monetary gain from the sale of common stock $72,000 (3600*$20)
Dividend paid -$52,300
From Financing Activities Net Cash Flow (C) -$35,925
Total Cash flow from all activities
(A+B+C) -$18,100
($47,200+-$29,375+-$35,925)
Cash at the starting of the year $84,500
Cash at the end of year $66,400
($84,500-$18,100)
As a result, the full statement of cash flows produced by the indirect technique using a spreadsheet will be:
Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
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Roland mows Karla's lawn for $25. Roland's opportunity cost of mowing Karla's lawn is $20, and Karla's willingness to pay Roland to mow her lawn is $28. Refer to Scenario 8-2. Assume Roland is required to pay a tax of $3 each time he mows a lawn. Which of the following results is most likely? a. Karia now will decide to mow her own lawn, and Roland will decide it is no longer in his interest to mow Karia's lawn b. Roland and Karla still can engage in a mutually-agreeable trade c. Roland is willing to mow Karla's lawn, but Karla will decide to mow her own lawn d. Karis is willing to pay Roland to mow her lawn, but Roland will decline her offer
Option d is the correct selection: Karla and Roland can still come to an agreement on a trade.
A consumer's willingness to pay can be thought of as the highest price they can afford for a product or service. When a customer's willingness to pay is greater than the price he actually pays, that customer has earned a surplus. In a similar vein, when a producer receives a price that is greater than the minimum price he is willing to accept, he earns surplus.
What is an example of opportunity cost?Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
What is the name of opportunity cost?The next best option is commonly referred to as opportunity cost. The loss of gain that could have been gained if another option was chosen is also referred to as the alternative cost. It can also be described as the loss of a benefit as a result of making a different choice.
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which of the following are important elements of a cash disbursement control system? (select all that apply.) a. All expenditures are authorized before a check is prepared b. Checks are signed only by authorized individuals c. The bank-generated deposit slip should be compared with the check listing d. The person opening the mail is not the person who maintains the accounting records e. The person opening the mail is not the person who maintains the accounting records
All expenditures are authorized before a check is prepared and Checks are signed only by authorized individuals are important elements of a cash disbursement control system.
In order to achieve certain investment or fund management goals, controlled disbursement is utilized to control the daily flow of checks through the banking system. Typically, once-daily check distributions are required. These actions include payment authorization, cash management strategies, and reconciliation of vendor accounts. A cash receipts control system includes controls like comparing the bank-generated deposit slip with the check listing and making sure the person opening the mail is not the person who maintains the accounting records. Cash management is the careful oversight of cash balances, forecasted cash payments, and forecasted cash receipts to ensure that adequate cash balances exist to meet obligations.
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repeated games are conducive to explicit cooperation. tacit cooperation. corruption. failing to have a nash equilibrium.
b)Repeated games conducive to tacit cooperation.
Yes, repeated games are conducive to tacit cooperation. This is because, over time, players in the game learn to understand each other’s strategies and behaviors, allowing them to cooperate in order to achieve mutual goals.
For example, in a repeated Prisoner's Dilemma game, both players may come to an understanding that they can both benefit by cooperating in the long run, even though it may not be in their best interest to cooperate on each individual move.
Therefore option B is a correct answer.
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If Pirate Recording elects to offer an Initial Public Offering (IPO), it will involve preparing full financial disclosure with the ———The firm is advised to solicit the services of an investment banker/underwriter, who will analyze the market and determine the best price for the new issue of Pirate Recording stock. The offering will then be sold on the—————
A- Internal Revenue Service; secondary market.
B- Fair Trade Commission; primary market.
C- Federal Trade Commission; secondary market.
D- Securities and Exchange Commission; primary market.
If Pirate Recording elects to offer Initial Public Offering (IPO), it will involve preparing the full financial disclosure with fair trade commission. The offering will then be sold on the primary market.
What is fair trade commission?Under the Ministry of Energy and Business Development, the Fair Trading Commission (FTC) is an autonomous government organisation in Barbados. It is in charge of establishing fair trade policies, laws, and regulations as well as overseeing trade practises and competition policy. It also conducts investigations into business practises that hinder competition, such as monopolies, mergers, collusions, and other unfair trading practises. For regulated service providers, it also establishes the guidelines, fees, and standards of service. seeks to also educate and enlighten consumers, businesses, and other stakeholders on the requirements of the fair trade statutes. In response to these additional demands, the Owen Arthur Administration of the time passed the Fair Trading Commission Act on December 31, 2001. On January 2, 2001, the act went into effect, replacing the Public Utilities Board with the Fair Trading Commission.
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which one of the following returns is the average return you expect to earn in the future on a risky asset? group of answer choices realized return expected return market return real return
Expected return is the average return you expect to earn in the future on a risky asset.
An asset at risk is what?Any asset with a certain amount of risk is a risk asset. Equities, commodities, high-yield bonds, real estate, and currencies are examples of assets with a high degree of price volatility that are referred to be risk assets.
Which assets do you refer to?An economic resource with economic worth that is owned or under the control of a person, a company, or a government with the intention that it would someday be useful is referred to as an asset. An organization's balance sheet lists its assets. They can be divided into four categories: current, fixed, financial, and intangible.
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What are the 4 accounting concepts?
The four basic accounting principles in use are materiality, complete disclosure, consistency, and conservatism.
What is the essence of conservatism?A political philosophy known as conservatism emphasizes tradition & relies on the person to uphold society. François-René de Chateaubriand coined the phrase for the first time in 1818 as part of the Bourbon Restoration, an effort to undo the effects of the French Revolution.
What makes a person conservatism?They support minimal taxes, unrestricted markets, privatization, deregulation, and a reduction in government spending and debt. Social conservatives believe that secularism & moral relativism pose a challenge to traditional social values, which are frequently based in ways to combat and religion.
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Which of the following is least likely to result in an emphasis-of-matter paragraph being added to an unmodified auditor's report on the financial statements of a nonpublic client that sells jewelry through a retail store?
a. A decision by the auditor to emphasize that the client is a part of a larger organization.
b. A change from FIFO to specific identification accounting for inventory.
c. A question as to whether the client will be able to remain a going concern.
d. Use of an unacceptable method to value inventory with results that differ materially from GAAP.
d. It is least probable that the financial statements of a nonpublic customer that sells jewelry through a retail store will have an emphasis-of-matter paragraph added to the report if an inappropriate method of valuing inventory was used and the results deviated considerably from GAAP.
The widely used standards and safeguards known as generally accepted accounting principles (GAAP) are used to ensure accurate and valuable financial reporting. Fiscal periods, for instance, may not correlate to actual calendar dates as employed in accounting.
When preparing their financial statements, U.S. corporations must abide by the FASB's set of accounting standards known as GAAP. The objective of GAAP is to improve the consistency, comprehension, and comparability of financial data.
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