Once credit terms of n/60 are printed on an invoice, it means that the credit terms are net 60 days.
In accounting, what else does N 60 mean?The credit period 3/20, n/60 indicate that the client gets a 3% price break if the invoice is paid within 20 days. Otherwise, the invoice must be paid in full in under 60 days.
What is the difference between net 30 and net 60 terms?Net 30 variations typically refer to way too long payment terms as well as discounts intended to encourage buyers to make timely payments. A Net 60 payment implies that the consumer has 60 days after the order is completed to pay for it. 1/10 Net 30 indicates that the purchaser will obtain a 1% voucher if the payment is received within 30 days.
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When determining a form of business organization, all of the following are considered EXCEPT:
A. Who owns the firm.
B. What are the owners' risks.
C. What are the tax ramifications.
D. The physical location of the business
When determining the form of a business organization, all of the following are considered except the physical location of the business. Hence option (D) is the answer.
Is the physical location of a business important?A physical location encompasses the entire area connected to the site as well as any additional areas a worker might occupy when traveling to, from, or inside it. The best employees are difficult to find and keep, and many of them are very conscious of their location to achieve the ideal work-life balance.
The performance of a business over the long run can hence be greatly improved by wise location choices. Finding a balance between three connected goals is the fundamental goal when selecting a business location, like the expense of the procedure, client care that the organization hopes to offer, and the location's potential for financial success.
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reena industries has $138,000 of debt outstanding that is selling at par and has a coupon rate of 7 percent. if the tax rate is 21 percent, what is the present value of the tax shield on debt?
Reena industries has $138,000 of debt outstanding that is selling at par and has a coupon rate of 7 percent. If the tax rate is 21 percent, the present value of the tax shield on debt is $ 46,920.
Debt outstanding is $138,00 and the Coupon rate is 7%
Coupon payment is $ 9,660, 138000*7%
Tax shield is $ 3,284.40, 9660*34%
Assuming interest rate of 7%
PV of tax shield is 3284.40/7%
PV of tax shield will be $ 46,920
The obligation to pay money or other agreed value to a third party, a creditor, is called a debt. Debt differs from an immediate purchase in that payments are deferred or in installments. A sovereign state or country, city government, company or individual may be liable for the debt.
Hence the correct option is C
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The above question is incomplete, the complete question is-
Question 34 2.23 pts Reena Industries has $138,000 of debt outstanding that is selling at par and has a coupon rate of 7 percent. If the tax rate is 34 percent, what is the present value of the tax shield?
A. $28,412
B. $51,010
C. $46,920
D. $9,660
Decide how each cost is treated on an income statement prepared using the variable costing approach. Indicate whether each cost item is treated as a period cost or product cost.1. Direct labor2.Fixed manufacturing overhead3.Variable manufacturing overhead4.Fixed selling and administrative expenses5.Variable selling and administrative expenses
In the variable costing approach, costs are classified as either product costs or period costs. The treatment of each cost on an income statement depends on its order.
Direct labor and variable manufacturing outflow are considered product costs because they're directly associated with the product of goods. These costs are included in the cost of goods vended and expensed when the product is vended. The fixed manufacturing above, fixed selling and executive charges, and variable selling and executive charges are treated as period costs because they aren't directly tied to the product of goods.
These costs are expensed in the period in which they're incurred and aren't included in the cost of goods vended. These distinctions is pivotal for directly calculating the cost of goods vended and the gross profit for a business.
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what other factors should johnson and gomez, inc., consider before a final decision is made? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) check all that apply possibility of merger of the firm with a bigger playerunanswered growth potential of the basic and enhanced modelsunanswered competitive products in the marketplaceunanswered aesthetic differences between the two productsunanswered break-even pointsunanswered data validityunanswered previous years' sales trendsunanswered production feasibilityunanswered
Merger of the firm with a bigger player unanswered growth potential of the basic and enhanced model unanswered competitive products in the marketplace factors should johnson and gomez, inc., consider before a final decision is made. In this case option A is correct
In a merger, two currently operating, independent businesses come together to create a brand-new, solitary legal entity. A voluntary merger occurs. Both businesses typically benefit from the transaction and are comparable in size and scope.
There are many reasons why companies merge. They might enable every business to access a fresh market, sell fresh goods, or provide fresh services. They can also change their pricing strategies, improve management, lower tax obligations, and reduce operational costs. The ultimate goal of corporate mergers is to increase size, scope, and revenue. In other words, mergers aid in increased revenue for businesses.
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A free-market system cannot operate effectively and fairly without a reliable foundation in contract law. True or False?
True. It is true that without a solid foundation in contract law, a free-market system cannot function efficiently and fairly. It would be challenging for parties to trust one another
A dependable system of contracts is necessary because a free-market system is built on the voluntary exchange of goods and services between participants. The legal framework provided by contract law enables both private persons and corporate entities to make binding contracts that safeguard the interests of all parties. It would be challenging for parties to trust one another and participate in the kinds of long-term relationships required for a market economy to flourish without a solid basis in contract law. As a result, contract law is a crucial component of any free-market economy.
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zack owns a bond that will pay him $35 each year in interest plus a $1,000 principal payment at maturity. the $1,000 principal payment is called the
The $1,000 principal payment at maturity is called the "face value" or "par value" of the bond.
The face value of a bond is the amount that the bondholder (in this case, Zack) will receive at the end of the bond's term, which is also known as the bond's maturity date. In addition to the face value, bonds often pay periodic interest payments to their holders, which are typically fixed and paid out annually or semi-annually.
In this case, Zack's bond pays him $35 in interest each year, which is also known as the "coupon rate" or "coupon payment." When the bond reaches maturity, Zack will receive the face value of $1,000 in addition to any interest payments that he has already received.
Overall, bonds are a type of debt security that are issued by companies, municipalities, and governments to raise capital. They are a popular investment option for individuals and institutions who are seeking a relatively stable and predictable source of income, as well as a relatively low level of risk compared to other types of investments.
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if income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is:
If revenue is 4,800, demand is 3,500, government expenditure is 1,000, taxes minus subsidies are 800, and private saving is 500, then this is what is meant by the statement. The correct option is d).
What does private saving mean in a free market?The total of household and company savings including private savings. Additionally, the sum of private sector and public sector deposits equals national savings. They stand in for a nation's domestic pool of available capital for loans. High savings therefore translate into additional funds for economic investment.
income = 4,800 - (800)
income = 4,000
private saving = income - Consumption
private saving = 4,000 - 3,500
private saving = 500
Therefore, private saving is $500.
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The Complete Question :
If income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is:
a. 300. b. 1,000. c. 1,300. d. 500.
(20 pts) a power shovel with a dipper of two cubic yard capacity has a standard operating cycle time of 80 seconds. the excavated material which has a swell factor of 1.05 will be disposed by a dump truck with an 8 cubic yard capacity at a dump site 6 miles away. the average speed of the dump truck is 30 mph and the dumping time is 40 seconds. find the daily standard production rates of the power shovel and the dump truck if both are operated 8 hours per day. a. determine also the number of trucks needed daily to dispose of the excavated material. b. determine the job site productivity and the actual cycle time of this shovel under the work conditions at the site that affect the productivity as shown below: work conditions at site factors bulk composition 0.972 soil properties and water content 0.960 equipment idle time for breaks 0.750 management inefficiency 0.750
2 cubic yard%80 seconds*8*3600=720 cubic yards power shovel.
Total time taken:720+40+720=1480seconds.
Number of trucks needed=1080%155.676=6.94
so approx. 7 trucks needed.
A power shovel, also known as a stripping shovel, front shovel, electric mining shovel, or electric rope shovel is a machine with a bucket that is typically propelled by electricity and is used to dig up and load dirt or crushed rock as well as to extract minerals. Power shovels are a sort of rope/cable excavator in which, as opposed to hydraulics as in the more typical hydraulic excavators, winches and steel ropes are used to control and power the digging arm. The track system, cabin, cables, rack, stick, boom foot-pin, saddle block, boom, boom point sheaves, and bucket are the basic components of a power shovel. A bucket can be 0.73 to 53 cubic metres in size.shovel for loading cables model P&H 4100 XPB.Typically, power shovels have a rotating deck with a power plant, drive, and control.
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chief financial officer barry turns in travel and expense reports that are 100 percent honest, and he encourages employees in his division to inspect his reports. barry is using the ethical initiative called
Referent power derives from employees' appreciate for a supervisor and their wish to pick out with or emulate him or her. In referent power, the manager leads by way of example. Referent power rests closely on trust.
Which kind of leader makes all choices and then tells personnel what to do and how?Autocratic.
Autocratic leaders insist on doing it all themselves. They have all the power, make all the decisions, and don't often tell all of us else about what they're doing. If you work for an autocratic leader, your job is normally to do what you are told.
CSR is usually categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
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The prosecuting attorney argues for the case to be heard in the small town in michigan, the concept the attorneys are arguing over is venue.
Who is attorney?
An attorney, also known as a lawyer, is a professional who practices law, as an advocate, barrister, solicitor, counselor, attorney, or civil law notary.
They provide legal advice and representation to clients, and are licensed by state bar associations to practice law.
Attorneys can specialize in various areas of law such as criminal law, civil law, family law, intellectual property law, and more. They are responsible for upholding the law and protecting the rights and interests of their clients.
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after the adjusting entries have been completed, the adjusted balance in the supplies account represents: multiple choice question. the cost of supplies purchased during the accounting period the cost of supplies remaining at the end of the accounting period the cost of supplies purchased but not yet paid for at the end of the accounting period the cost of supplies used during the accounting period
Following the completion of the adjusting entries, the adjusted balance in the supply account represents: The residual supply cost at the conclusion of the accounting period.
The supplies account is a type of asset account that keeps track of the costs of supplies acquired and consumed throughout the accounting period. When supplies are purchased, an increase to the supplies account is noted. As supplies are utilized, they are deducted from the supply account. An adjustment entry is made at the conclusion of the accounting period to reflect the quantity of supplies utilized. This adjusting entry decreases the supply account while increasing a cost account, such as the supplies expense. After this input, the modified amount in the supply account indicates.
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A cost remains unchanged when the volume of activity changes within the relevant range.a. Trueb. False
A cost remains unchanged when the volume of activity changes within the relevant range. This, statement was true. Thus, option (a) is correct.
What is the cost?The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
Fixed costs are expenses was no to the changed. Cost remains unchanged such as rent on a building, cost of insurance, and the salaries of employers. It was the cost unchanged when the mass of activity alterations.
As a result, the significance of the statement is true are the aforementioned. Therefore, option (a) is correct.
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52.0% complete question each of the following are requirements imposed by law on qualified tax-advantaged retirement plans except: a.plan documentation. b.employee vesting. c.selective employee participation. d.employee communications.
Question answered with a 52.0% accuracy Except for selected employee participation, each of the following conditions for qualifying tax-advantaged retirement plans are mandated by law.
A tax-advantaged IRA is what, exactly?You can save money tax-advantageously for retirement by opening an independent retirement account (IRA). An individual can save for retirement with income growth or a tax-deferred basis by opening an IRA at a financial institution.
What distinguishes tax-advantaged accounts from taxable ones?Investments that lose less their gains to taxes are a good fit for taxable accounts, including brokerage accounts. For investments to lose more of their earnings to taxes, tax-advantaged accounts like an IRA, 401(k), or Traditional Ira are typically a better home.
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What does a GDP deflator of 100 mean?
The GDP deflator, like the consumer price index (CPI), measures price inflation or deflation in relation to a certain base year, with the GDP deflator of the base year itself being equal to 100.
If the GDP deflator is more than 100, the economy has experienced an increase in the level of prices since the base year. In other words, there has been inflation in the economy. The average price of the product increased by 12%, for instance, if the GDP Deflator is 112 in the year after the base year. It is used to estimate the annual price levels of newly created final products and services in a nation. GDP deflector is used in conjunction with the Consumer Price Index (CPI) to measure inflation because it indicates changes in the economy's average price levels.
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I pick a number n from 1 to 100 if you guess correctly i pay you $n and zero otherwise how much would you pay to play the game
The solution is to pick k with probability proportional to 1/k. We therefore pick k with probability
[tex]\frac{1}{n}[/tex] (∑[tex]\frac{1}{j}[/tex]) -1
Our expected payout is then
[tex]\frac{1}{n}[/tex] (∑ [tex]\frac{1}{j}[/tex]) -1
the probability of an event is a number that indicates how likely the event is to do. It's expressed as a number in the range from 0 and 1, or, using chance memorandum, in the range from 0 to 100. The more likely it's that the event will do, the advanced its probability. The probability of an insolvable event is 0; that of an event that's certain to do is 1.
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why is the official measure of the unemployment rate not necessarily an accurate depiction of a country's joblessness?
Since it doesn't count people who aren't working or those who aren't seeking for work, the official unemployment rate is frequently criticized for underestimating the true amount of unemployment.
What is the US's official unemployment rate at the moment?You may find further details in the notes just at beginning of page 4. Both the unemployment rate and the overall number of unemployed persons, which were both 5.7 million in January, did not move significantly. The unemployment rate hasn't changed significantly overall since the beginning of 2022.
In 2022, what will be the unemployment rate?Uttar Pradesh's unemployment rate for the previous month was 4.22%. Even though the unemployment rate in Uttar Pradesh has been fluctuating a lot lately, it tended to rise from February 2022 to January 2023, when it reached 4.22% last month.
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he elasticity of supply seeks to measure the sensitivity of changes in the quantities of goods and services produced by companies to changes in the sale ...
The elasticity of supply seeks to measure the sensitivity of changes in the quantities of goods and services produced by companies to changes in the sale is known as Price elasticity of demand.
How would you define price elasticity?Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in quantity demanded—or delivered.
Why is elasticity so crucial?For setting the prices of various manufacturing inputs, the concept of demand elasticity is crucial. The elasticity of the demand for production inputs determines how much they are paid. In other words, a factor's price will be high if demand is inelastic, and low if demand is elastic.
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A form of economic efficiency called _ is achieved when resources are directed toward their highest-valued use. (Enter one word in each blank.)
A form of economic efficiency called allocative efficiency is achieved when resources are directed toward their highest-valued use.
What is meant by Economic efficiency ?There are two major schools of thinking about economic efficiency, each of which places emphasis on the distortions brought about by markets and governments, respectively (and minimized by reducing government involvement) (and reduced by increasing government involvement).
They are either discussing the overall level of government participation or the results of particular government activity; they are occasionally complementary, sometimes competitive.
This discussion generally refers to economic liberalism or neoliberalism, although these terms are frequently used more specifically to describe specific viewpoints, particularly those that support laissez-faire.
Also, there are varying opinions on the relative merits of macroeconomic vs microeconomic efficiency, with some supporting a more prominent role for government in either one.
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Fixed costs remains unchanged in amount when the volume of activity varies from period to period within a relevant range.true or false?
Fixed costs remain unchanged in amount when the volume of activity varies from period to period within a relevant range. The given statement is True.
The fixed cost is independent of the production of goods and services. It does not vary with the production level of goods and services. Fixed cost is the fixed expenditure that does not change in respect of the volume of the units produced. It is a capital expenditure.
The fixed cost does not vary with the production, this is because the expenses are directly related to the cost of production of products. It is independent of production. Rent is the best example.
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A change in taxes and subsidies on producers alters market?
Taxes reduce supply, changing the market's equilibrium to one with a higher price and less supply. A subsidy boosts supply, changing the market's equilibrium to one with a lower price and more products.
How do tax and subsidy policies impact market supply?Taxes and regulations are seen by the firm as additional production costs that cause supply to shift to the left and cause the firm to produce less at each price point. Government assistance lowers production costs and boosts supply at every price, moving supply to the right.
The price of items is altered by taxes and subsidies, which has an impact on how much is consumed. The application of an Ad valorem tax differs from that of a particular tax or subsidy.
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A change in taxes and subsidies on producers can significantly alter the market by affecting the cost of production, changing the supply of goods, and shifting market equilibrium.
Explanation:Yes, a change in taxes and subsidies on producers significantly alters the market. These changes affect the cost of production and thus the supply of goods in the market. For instance, an increase in taxes raises the cost of production causing a decrease in supply. Conversely, an increase in subsidies lowers the cost of production leading to an increase in supply. The changes in supply cause shifts in the market equilibrium, thereby altering the price and quantity of goods sold in the market.
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when video rental revenue began to decline, what aspect of environmental scanning could the company have used to make a single best-guess prediction of what revenues would look like over the next five years?
Environmental scanning is the ongoing examination of the surroundings both within and outside of a company. It is employed to assess prospective chances, dangers, market tendencies, and lessons that might have an impact on the business.
When performing an environmental scan, what are businesses searching for?Environmental scanning consists of both observing information and seeking information (searching). Four types of organizational scanning—undirected watching, conditioned viewing, informal search, and formal search—have been identified by organization science research as potentially useful.
External and internal variables both contribute to the organizational environment. To ascertain developments and projections of aspects that may affect organizational success, the environment must be surveyed.
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firms can highlight a product's relative advantage, which refers to which perception among consumers about the product?
Firms can highlight a product's relative advantage, refers to perception among consumers about the product is that it is better than the substitute.
Who are the economics world's producers and consumers?The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Consumers use their money to purchase the things and services that producers generate or produce. The majority of people are both consumers and producers.
What part does the consumer play in the economy?Because customers are the ones who make purchases, their position in an economic system is essential. Finding, retaining, and serving customers are the main goals of marketing. Prior to producing anything of value, a corporation should first acknowledge the intense want or need of potential clients.
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using the following accounts and a predetermined overhead rate of 150% of direct labor cost, compute the amount of applied overhead. work in process inventory debit credit beginning 34,300 direct materials 54,500 direct labor ? overhead applied ? cost of goods manufacturing 173,300 ending 24,300 finished goods inventory debit credit beginning 4,300 cost of goods manufacturing 173,300 multiple choice $88,800. $81,750. $108,800. $43,520. $65,280.
The answer is closest to option (b) $81,750.
To compute the amount of applied overhead, we need to first determine the amount of direct labor cost.
Direct labor = Total manufacturing costs - (Beginning WIP inventory + Direct materials)
Direct labor = $173,300 - ($34,300 + $54,500) = $84,500
Now we can calculate the amount of applied overhead:
Applied overhead = Predetermined overhead rate x Direct labor cost
Applied overhead = 150% x $84,500 = $126,750
Therefore, the answer is closest to option (b) $81,750.
In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor.
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jing is considering whether to take a job placement in los angeles, california or mobile, alabama. before deciding, she is interested in understanding the cost-of-living differences between both places. jing will consult a cost of living comparison calculator to inform her decision. question 6 options: true false
True. Jing is making a decision that could be influenced by the cost-of-living differences between two locations, and consulting a cost of living comparison calculator is a reasonable way to inform that decision.
What role does cost accounting play in making decisions?Data for periodic income statements and balance sheets, as well as real numbers to compare with predictions for various periods, are provided by cost accounting. Business managers who analyse this data are better able to make decisions.
What part does cost theory play in corporate decisions?Cost considerations are crucial while making company decisions. Pricing starts with the cost of manufacture. It assists managers in making wise decisions on things like how much to charge, whether to place a specific order for inputs or not, whether to drop or add a product to the current product lineup, and more.
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shipping clerk christina included this sentence in her message to a customer: pertaining to your returns, we must verify the shipping numbers and lot codes of outstanding merchandise prior to issuance of a refund. this sentence is an example of
Prior to issuing a refund for your returns, we must confirm the shipping numbers and lot codes of the unclaimed goods. This phrase serves as an illustration of formal language.
What function does a shipping job serve?Since they are on the front lines of internal shipment, a shipping clerk is typically located in a company's warehouse. A shipping clerk makes sure that complete documents are kept of every item that is received and dispatched. They are also entrusted with maintaining and supplying correct records of inventories. Professionals in shipping are in charge of receiving, following up on, and sending orders to consumers as well as making sure that the appropriate products are delivered on time and to the correct person. Additionally, they use radio-frequency identification to scan barcodes for meticulous and well-organized inventory documentation.
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in march, sunland company had the following unit production costs: materials $8 and conversion costs $6. on march 1, it had no work in process. during march, sunland completed and transferred out 24,800 units. as of march 31, 5,000 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. (a) compute the total units to be accounted for. total units enter a total number of units
To calculate the total units to be accounted for, add the units finished and transferred out to the units in the final stages of work in progress. Total units to account for = finished.
and transferred units + units in the final stages of work in progress Units finished and transferred out = 24,800 Units in final stages of completion = 5,000 As a result, the total number of units to account for is 24,800 + 5,000 = 29,800. sunland company had the following unit production costs: materials $8 and conversion costs $6. on march 1, it had no work in process. during march, sunland completed and transferred out 24,800 units. as of march 31, 5,000 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process.
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arcelia corp.'s bank statement has an end balance of $40,000. the deposits outstanding were $7,000. a note was collected by the bank for $2,000. checks outstanding at the end of the month were $1,000. using the bank statement, what is the corrected cash balance? multiple choice question.
46.000 $. $40,000 + 7,000 - 1,000 = $46,000. The bank statement already shows the note that was received.
What Is a Legal Bank Statement?Every month, the bank will normally send the account holder an official bank statement with a summary of all the transactions made on the account. Information about bank accounts, including account numbers and a thorough list of deposits and withdrawals, can be found in bank statements.
What is contained in a bank statement?A bank statement is a summary of every transaction that took place in your account during a certain time frame, typically a month. Account balances, deposits, withdrawals, fees, and contact details can all be found in statements.
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the decline in union influence can be explained by which of the following reasons? question 8 options: lower educational attainment of the workforce foreign automobile manufacturers producing higher quality vehicles the cooperative nature of the union and management relationship in germany a greater sense of social responsibility in today's society
The decline in union influence can be explained by several reasons, but lower educational attainment of the workforce is not one of them.
Instead, the decline can be attributed to several factors, including changes in the global economy and the nature of work.
Firstly, globalization has led to the rise of foreign manufacturers who can produce goods at lower costs. These companies are often non-unionized and operate in countries where labor laws are less stringent. As a result, they have undercut unionized firms in terms of pricing, making it difficult for unions to maintain their influence.
Secondly, the cooperative nature of the union and management relationship in Germany has meant that there is less conflict between the two groups. This has allowed for greater flexibility in the workplace, making it easier for employers to adapt to changes in the market.
Finally, there has been a shift in social attitudes towards unions. Many people believe that corporations have a greater sense of social responsibility, which has led to a decrease in union support. This, coupled with declining membership and political support, has reduced the ability of unions to influence policies that affect the workplace.
Overall, the decline in union influence can be attributed to a range of factors, including globalization, changes in the nature of work, and shifting social attitudes.
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the veggie hut has net income of $26,400, total equity of $102,700, and total assets of $189,500. the dividend payout ratio is 0.30. what is the internal growth rate?
10.74% is the internal growth rate If the veggie hut has a net income of $26,400, total equity of $102,700, and total assets of $189,500. the dividend payout ratio is 0.30.
The given data is as follows:
net income = $26,400
total equity = $102,700
total assets = $189,500
dividend payout ratio = 0.30
The internal growth rate can be calculated by using the formula:
Internal growth rate = (Return on asset x Retention Rate)/[1 - (Return on asset x Retention Rate)]
Retention rate = 1 - Payout ratio
Retention rate = 1 - 30% = 70%
Return on asset = Net income/Asset
Return on asset = 26400/1,89,500 = 13.93%
All the values are substituted in the above internal growth rate formula,
Sustainable growth rate = (13.93% x 70%)/[1 - (13.93% x 70%)]
Sustainable growth rate = 0.097 / 0.902
Sustainable growth rate = 10.74%
Therefore, we can conclude that 10.74% is the internal growth rate.
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What are the four classification of consumer product?
Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorised according to consumer preferences, pricing, and product features.
What is meant by convenience?
a characteristic or circumstance that makes something simple or practical for someone by cutting down on the effort or time needed to complete it. For the convenience of the shoppers, there was an elevator. I like how convenient it is to live close to a post office. the attribute of being practical or appropriate. anything, whether it is a tool, appliance, or otherwise, that makes one's life easier, more comfortable, or both. At your convenience: in a convenient setting or moment.
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