Economists classify money into four types: commercial money, fiduciary money, fiat money, and commodity money.
In colonial Australia, rum bottles were used to pay for commodities. Many European nations employed salt as a medium of trade. Germany utilized paper money (the "Rye Mark") that could be redeemed for a particular amount of rye, a sort of grain, for a certain period of time. Ithaca, New York, has its own currency, the Ithaca HOURS, that may be used to buy local products and services.
Sort each medium of trade by the sort of money it is:
Money made from commoditiesMoney backed by commoditiesFiat currencyTo know more about money:
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T/F customer fraud customers do not pay for goods purchased, they pay too little, or they get something for nothing
Customers do not pay for goods purchased, they pay too little, or they get something for nothing - True
Customers who actively give false information or use fraudulent identities to gain goods or services or to avoid paying for goods or services they have already obtained are said to be engaging in consumer fraud. Identity theft, credit card fraud, and check fraud are a few instances of customer fraud.
When a customer engages in a fraudulent transaction such as failing to pay for the products they have purchased, paying too little, or receiving something for nothing whether intentionally or unintentionally, it takes place. It is a sort of fraud that can be carried out by both lone criminals and organised criminal organisations. This kind of fraud can be challenging to identify and prevent.
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\which of the following statements is characteristic of entrepreneurs? select one: a. they like certainty. b. they have the ability to visualize a clear path. c. they look at problems and see opportunities. d. they prefer to be inventive rather than worry about whether the invention solves a customer need.
They observe issues and spot chances. The required answer for the given question is option(c).
Who is an entrepreneur?An entrepreneur is someone who takes on risk in order to launch their own business. An entrepreneur is someone who constantly looks for change, reacts to it, and takes use of it as an opportunity. Entrepreneurship is the ability to act on ideas and build on opportunities.
A successful business venture is the result of an innovator's new ideas, which are brought in by an entrepreneur. An entrepreneur is someone who uses fresh concepts or methods of operation to try to satisfy the wants of a client while also reaping financial rewards.
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According to Keynes, which of the following should the government do when the economy overheats?Raise taxes.
Correct answer is raise taxes.
Primarily thru their impact on demand. Tax cuts raise demand by way of growing disposable profits and through encouraging companies to appoint and make investments more.
Tax will increase do the reverse. These demand results can be widespread when the economic system is vulnerable but smaller when it is running near capacity.
What is the motive to enlarge taxes?Taxes are levied via governments on their citizens to generate earnings for task initiatives to enhance the economy of the us of a and to elevate the fashionable of dwelling of its citizens.
Does tax increase or reduce demand?Increasing tax
If the authorities will increase the tax on a good, that shifts the grant curve to the left, the patron rate increases, and sellers' fee decreases. A tax make bigger does now not affect the demand curve, nor does it make grant or demand extra or much less elastic.
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https://brainly.com/question/30190968#SPJ4Miley Corporation had the following balance sheet data:
Cash $80 Accounts Payable $30
Accounts Receivable $10 Salary Payable $25
Equipment $90 Common Stock $18
Land $100 Retained Earnings ?
After preparation of the above Balance Sheet, $5 of Accounts Payable was paid in Cash. After the payment, what will Miley report as Retained Earnings?
A) $225
B) $50
C) $275
D) $207
After the payment of $5 of Accounts Payable, the retained earnings that Miley will report is $207.
Therefore the answer is D
Retained earnings are the cumulative net income of a company that is retained by the company rather than being distributed as dividends to shareholders. To calculate retained earnings, we take the beginning balance of retained earnings and add net income and subtract dividends.
In this case, we don't have the net income and dividends, but we can calculate the retained earnings by using the following formula:
Assets = Liabilities + Shareholder's Equity
Retained Earnings = Shareholder's Equity - Common Stock - Retained Earnings
In this case, Miley Corporation had:
Assets = $80 + $10 + $90 + $100 = $280
Liabilities = $30 + $25 = $55
Shareholder's Equity = $280 - $55 = $225
Retained Earnings = $225 - $18 = $207
So, after the payment of $5 of Accounts Payable, the retained earnings that Miley will report is $207.
Therefore the answer is D) $207
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which of the following are federally licensed to borrow money from the small business administration (sba) and to invest it in or lend it to small businesses? a. regulatory agencies b. small business management consultants c. small business angel investors d. venture capitalists e. small business investment companies
Option E: A Small Business Investment Company (SBIC) is privately-held and operated, registered, controlled, and funded by the Small Business Administration (SBA). Furthermore, the investment firms are endowments by their owners themselves and approved to lend cash to small businesses from the SBA.
The U.S. government's Small Business Administration (SBA) offers loans, financial counselling, and management training to small enterprises.The Small Business Administration (SBA) is a department of the federal government that exists to support, serve, and defend the interests of small businesses. The SBA offers training materials to help business owners handle the challenges of expanding a company.The SBA today provides management assistance, financial support, assistance with obtaining federal contracts, and special outreach to women, people of colour, and veterans of the military forces. Additionally, SBA provides expert advice and support in international commerce as well as loans to those who have been impacted by natural disasters.The SBA has a track record of supporting and enhancing small businesses in the USA's access to capital, government contracting opportunities, entrepreneurship development, and disaster relief.
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a(n) budget indicates where the organization expects to get its cash for the coming time period and how it plans to use it. a. liquidity b. debt ratio c. financial d. operating e. nonmonetary
Budget indicates where the organization expects to get its cash for the coming time period and how it plans to use it. a. liquidity
How do you define organizationAn organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. You can use the word organization to refer to group or business, or to the act of forming or establishing something. Three forms of organizations describe the organizational structures that are used by most companies today: functional, departmental and matrix.
What is liquidity, for instance?Because it is the easiest asset to utilize, cash is regarded as the most liquid. Money might be in the form of coins, bills, or the amount in a checking or savings account. Cash is highly helpful for paying for urgent necessities and costs, such as rent and emergency savings.
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a negative externality can be internalized by group of answer choices persuasion. the imposition of a tax. the assignment of property rights. a voluntary agreement. all of the above
A negative externality can be internalized by group of answer choices persuasion, the imposition of a tax.
What is imposition of a tax?The act of imposing taxes; the practice of a government collecting money from its citizens. enforcement kind. the process of enforcing; guaranteeing compliance with or obedience to. an unnecessary burden.The act of imposing a fee, levy, tax, or charge on a transaction or asset to the prejudice of the investor is referred to as imposing.Most investing products and services frequently impose fees, which may be used as a deterrent to selling or leaving a financial position early.To learn more about Imposition of taxes refer:https://brainly.com/question/14237938
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if both the demand rate and lead time are constant, how do the fixed-interval model and the fixed-quantity model compare? multiple choice question. the risk of a stockout is higher with the fixed-quantity model. inventory holding costs are higher for the fixed-quantity model inventory holding costs are higher for the fixed-interval model they function identically
If both the demand rate and lead time are constant, the fixed-interval model and the fixed-quantity model can be compared as they both function identically.
Demand in economics refers to the quantity of a good that consumers are willing and able to purchase at various prices at any given time. The relationship between price and quantity demand is known as the demand curve.
Demand for a certain product is influenced by a number of variables, including perceived necessity, price, perceived quality, convenience, accessibility of alternatives, consumers' discretionary income and preferences. The desire or incapacity of a consumer to acquire a product is influenced by a variety of factors and circumstances. Price of the commodity, cost of related things, and preferences or likes are a few of the often used factors.
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a vision for a company is group of answer choices an explanation of why the company exists and where it wants to go. very relevant for the short term, but less useful for the long term. the same thing as an objective. a detailed plan that outlines the major organizational structure
A vision for a company is an explanation of why the company exist and where it wants to go. Thus, option (a) can be regarded as correct.
Give a brief account on vision.A vision statement is a legal document that outlines the present and long-term goals of an organization. An organization's mission, strategic plan, culture, and core values must all be in line with its vision. Government and nonprofit organizations frequently utilize vision statements to formulate strategic goals. They are used by individuals as well as businesses. Vision statements do not have to be inflexible. You can go back to them to examine and make any necessary revisions. However, any modifications should be kept to a minimum because a vision statement serves as a roadmap for a company's strategic plan and must be carefully examined. The organizational business vision may evolve over time as businesses adjust to their external business environment and issues that may limit their ability to fulfill their goal.
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true or false : Using an analyst's forecast for a firm's earnings growth and a stock's dividend yield, you can find the cost of equity by :
True. You may calculate the cost of equity by adding an analyst's predicted company earnings growth and a stock's dividend yield. The CAPM can be used to calculate the dividend growth rate.
The cost of equity is the return required by a company to assess whether an investment satisfies capital return requirements. Businesses usually use it as a ceiling for the required rate of return. The cost of equity for a corporation is the amount that the market is willing to pay to own an asset and take on ownership risk. The two often used formulas for estimating the cost of equity are the capital asset pricing model and the dividend capitalization model (CAPM).
The cost of equity is the return that a person or a corporation needs in order to justify investing in stock.
The dividend capitalization model or the CAPM are both used to determine the cost of equity.
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a new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service. what marketing objective does this ad align with?
The restaurant creating advertisement and promoting the new curbside delivery service offered by the restaurant aligns with the marketing objective of increasing brand awareness as well as value added service.
The advertisement would likely focus on highlighting the convenience and safety of the curbside delivery option which is a value added service for customers, as well as the high-quality food and service offered by the restaurant. Additionally, the advertisement could also aim to drive sales by encouraging customers to try the restaurant's curbside delivery service.
The advertisement could be promoted through various channels, such as social media, local newspapers, and flyers to reach a wider audience and increase visibility of the new service. Overall, the main goal of this ad would be to generate interest and drive customer traffic to the restaurant's curbside delivery service.
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question:a customer buys a 10% g.o. bond at par. the issue is callable in 5 years at par and matures in 10 years. which statement is true?
a customer buys a 10% g.o. bond at par c (b/c issued at par)
Frequent customers build customs that enable prolonged, regular trading, allowing the company to develop statistical models to enhance production processes (which modify the character or shape of goods or services) and supply chains (which changes the location or formalizes the changes of ownership or entitlement transactions).segmenting the clienteleThe primary subject at hand is customer segmentation.
In the twenty-first century,[by whom?] customers are often classified into two types:a company or dealer who purchases goods to resell (also known as a commercial intermediary).The consumer themselves or their agent, such as a purchasing officer, who does not resell the goods they bought is an end user, often referred to as an ultimate customer.A customer is not always
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The complete question is here:
A customer buys a 10% G.O. bond at par. The issue is callable in 5 years at par and matures in 10 years. Which statement is TRUE?
A
The yield to call is higher than the yield to maturity
B
The yield to call is lower than the yield to maturity
C
The yield to call is the same as the yield to maturity
D
The nominal yield is higher than either the yield to call or yield to maturity
With an Adjustable-rate Loan the interest rate fluctuates and is usually tied to an index. The interest rate for any given period is the indexed rate plus the
O points.O margin amount.
O cap adjustment
O markup factor.
With an Adjustable-rate Loan the interest rate fluctuates and is usually tied to an index. The interest rate for any given period is the indexed rate plus the a) margin amount.
An adjustable-rate mortgage, often known as an ARM, is a house loan with an interest rate that changes over time dependent on market conditions.
ARMs often begin with a lower interest rate than fixed-rate mortgages, making them an excellent choice if your objective is to obtain the lowest feasible mortgage rate at the outset.
This interest rate, however, will not endure forever. After the initial time, your monthly payment may fluctuate on a regular basis, making it difficult to budget for.
Understanding how ARM loans work will help you be prepared if your interest rate rises.
During the introduction period, an ARM may charge less interest, resulting in a reduced first monthly payment. However, after that initial term, changes in interest rates will have an influence on your payments.
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A policyowner has a life insurance policy where she had listed her age on the application as 5 years younger than her actual age. If she dies and the insurer discovers the misstatement of age, how much will the insurance company pay?
A policyowner has a life insurance policy where she had listed her age on the application as 5 years younger than her actual age. The insurance company will pay less than face amount.
If a life insurance applicant lies about their age when applying for insurance, the insurance company (insurer) is protected under the Misstatement of Age provision.
Why would someone applying for life insurance lie about their age? The main factors influencing life insurance rates are an individual's age and health. The rate per unit of life insurance will be lower the younger you are when you get the policy.
See, a unit in life insurance is typically regarded as $1,000 of coverage. Therefore, you can be charged $5 for each item you buy. The rate is referred to as this. Male consumers aged 25 to 50 may pay $1 per unit ($1,000 of coverage purchased) and $5 per unit, respectively.
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select all of the reasons why scheduling can be difficult for operations managers. multiple select question. variability in setup times and processing times the set of jobs to be completed is usually static. interruptions in the work flow (machine break downs, quality issues, etc.)
The following are some of the reasons why scheduling might be problematic for operations managers:
-interruptions in the workflow (machine breakdowns, quality issues, etc.)
-variability in setup times and processing times
What exactly do Operations Managers do?An operations manager's job is to oversee all activities involved in the production of a company's goods and/or services. An operations manager, for example, in the retail business would oversee all activities relating to everyday store floor responsibilities, as well as planning and strategizing.
Operations management is an advanced vocation that necessitates a specific degree of education and expertise in order to support an effective, efficient, and profitable firm. Typical responsibilities include managing the supply chain, supervising various divisions, and guiding day-to-day business operations.
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describe how you would choose between tasks, activities, and events that took place at the same time on your schedule.
If I had to choose between tasks, activities, and events that took place at the same time on my schedule, I would first evaluate the importance of each task and activity. I would then prioritize the tasks and activities that I consider to be most important or beneficial to me.
what do you mean by activities?
Activities can mean different things depending on the context. Generally speaking, activities refer to tasks or actions that require some effort or action. For example, activities can refer to physical activities such as sports, or leisure activities such as playing an instrument or painting. Activities can also refer to educational activities that involve learning and memorization. In the workplace, activities refer to tasks and projects that must be completed in order to accomplish goals. Additionally, activities can refer to social activities such as attending a party or a movie night. Ultimately, activities refer to any action that requires effort, skill, or knowledge.
So, I would prioritize the tasks and activities that I consider to be most important or beneficial to me.
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an organization that practices purchasing products from different vendors is demonstrating which security principle?
An organization that practices purchasing products from different vendors is demonstrating the diversity principle of security.
What do you mean by Vendor?A vendor is a company or individual who sells a product or service.
The idea behind defense diversity is that using security systems from different vendors reduces the chances of a common bug or configuration error compromising them all.
Representation is critical in cyber security, not only for teams to match the diversity of those conducting cyber-attacks but also for teams to represent the groups they are protecting. Due to assumptions in end-user knowledge, a lack of diversity can lead to gaps in cyber security training.
Therefore, It demonstrates the diversity principle of security.
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marina is developing a new software company. she locates her business in an industrial park that offers low rent and shared support staff to start up companies. this is an example of a
Marina is developing a new software company. she locates her business in an industrial park that offers low rent and shared support staff to start up companies. This is an example of a business incubator.
What is business incubator?A business incubator is an organisation that offers a comprehensive variety of services, starting with management training and office space and finishing with venture capital investment, to assist new companies and individual entrepreneurs in developing their businesses. A programme called a business incubator provides very early-stage enterprises with access to mentorship, investors, and other forms of support to aid in its establishment. Early-stage enterprises are helped by business incubators to develop beyond their infancy. According to research, participating firms benefit from business incubators in terms of increased employment and access to more business services than competing companies do.
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Which of the following types of businesses is least likely to encounter agency problems due to the fact that the owner's personal wealth is tied to the value of the business?sole proprietorship
The concept given is Sole proprietorship. A sole proprietorship is a business owned, controlled, and operated by one person.
A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or private company, is a type of business owned and operated by a person where there is no legal distinction between the owner and the business entity.
A sole proprietorship does not necessarily work alone and may employ other people. A person running a business receives financial benefits and bears all the risks and liabilities in carrying out his or her job.
suitable for individually managed professions such as salons or small retail shops. It's more useful because it requires less paperwork and low setup costs are the two main benefits of being a sole proprietor. Also, there's maintainability.
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peter purchased a stock that has a beta of 0.8. assuming the market risk premium is 5% and the risk-free rate is 3%, what should be the required return on that stock according to the capm?
The required return on the stock according to the Capital Asset Pricing Model (CAPM) is 11.0%.
The CAPM is a widely used model that calculates the expected return of an investment by taking into account the risk-free rate, the market risk premium, and the beta of the investment. The formula for the CAPM is: required return = risk-free rate + (beta x market risk premium). In this case, the beta of the stock is 0.8, the market risk premium is 5%, and the risk-free rate is 3%, so the required return is 3% + (0.8 x 5%) = 11%.
It's important to note that the CAPM is a theoretical model and may not always accurately predict the actual return on an investment. Other factors such as the company's financial condition, management quality, industry trends, and macroeconomic conditions can also affect the return on an investment.
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Which account has usually debit balance Mcq? (a) An asset
(b) An expense
(c) Drawing
(d) Revenue
Option A is correct. Asset accounts typically have debit balances, and a debit input increases the debit balances.
What is a debit account?On a company's balance sheet, a debit is an accounting item that causes an increase in assets or a decrease in liabilities. Credits, which function in the exact opposite direction, are used in basic accounting to balance debits. According to the loan's terms, for instance, if a company borrows money to buy equipment, it would simultaneously credit a liabilities account and debit fixed assets. Sometimes "dr," which stands for "debtor," is used as an acronym meaning debit.
What happens when an asset account is debited?With a debit, the balance of an asset, expense, or loss account increases while the balance of a liability, equity, revenue, or gain account decreases. Debits are recorded on the left side of an accounting journal entry.
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as accenture explores an end-to-end business flow that has reconciliation between multiple parties, what would we uncover? ownership trapped value shared state transparency i don't know this yet.
Accenture examines a proper business process including stakeholder reconciliation on a range of levels. We would then be capable of recognizing a common state.
How does Accenture perform?Accenture is well known for its wide range of offerings and has five key practice areas. These include strategy, management, digital, technical, and operational consulting. The firm regularly receives top rankings worldwide. Accenture plc, an Irish-American professional consulting firm with headquarters in Dublin, specializes in offering consultancy and information systems services. It had a $61.6 billion in revenues in 2022 and was included in the Fortune 500.
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The firm should not produce an output level beyond A. 4 units. B. 5 units. C. 6 units. D. 7 units.
D. 7 units of output due to the fact total income is maximized.
What stage of output will the company produce?To maximize profits, the association ought to set marginal income equal to marginal cost. Given the reality that this association is working in a aggressive market, the market price it faces is equal to marginal revenue.
In order to maximize profit, the association ought to produce where its marginal revenue and marginal fee are equal. The firm's marginal fee of production is $20 for every unit. When the association produces four units, its marginal income is $20. Thus, the firm produce 4 units of output.
The most beneficial output rule states that a business's profit is maximized when it produces a extent of output the place the marginal revenue equals the marginal value (MR = MC). If a enterprise needs to amplify its income by using increasing output (MR), that motion must equal the trade in complete value (MC).
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https://brainly.com/question/28334479#SPJ4Assuming that Hope receives a paycheck at regular intervals similar to the stub shown, how many pay periods has Hope had year-to-date (YTD)?answer choices2389
The check date, the pay period, the hours worked, the rate, the earnings for the current pay period and this year, the taxes deducted, and the net pay Hope gets paid on a consistent basis.
Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account. a document provided to an employee with each paycheck that details how much was made by the employee and how much was deducted for taxes, insurance, etc. Employment taxes must be withheld from employees by law-abiding employers. Federal income tax withholding, Social Security and Medicare taxes are all included in employment taxes.
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a buyer bought a property without telling the seller of his intended purpose for the property. the contract contains no contingency clauses and it is a properly closed. after the closing, the buyer is unable to obtain the zoning he needs for his commercial project. what is the contract at this stage?
A buyer acquired a piece of property without disclosing to the seller what he planned to do with it. The agreement is validly closed and does not include any contingency clauses. The buyer is unable to secure the necessary zoning after the closing for his commercial project. The contract is now binding and enforceable.
How long will the buyer and seller's agreement last?
In a sales agreement, a contract between the customer and seller, the parameters of an exchange are specified. Buy agreement, sales contract, sale of things agreement, and sales agreement form are some of its alternate names.
Which of the following is not a real estate purchase option?
Non-binding arrangement Real estate options are legally binding and grant the option holder the sole right to buy real estate property for the time period and price set. The agreement can be deemed invalid.
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knowledge check: what may be a problem of comparing the p/e of a stock to the p/e of the overall market
The problem of comparing the P/E of a stock to the P/E of the overall market a stocks P/E ratio can remain above or below market average for extended periods.
What is P/E ratio?The price-earnings ratio, sometimes referred to as the P/E ratio, P/E, or PER, measures the relationship between a company's share price and its earnings per share. To determine if a company is overvalued or undervalued, the ratio is employed to determine its value. A corporation with strong growth prospects may have a high P/E ratio. Looking solely at the P/E ratio is insufficient, though. Make sure to examine the company's finances, fundamentals, and rivals' businesses to ascertain its growth chances. You may be better able to decide as a result of this.To learn more about price-earnings ratio refer to:
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john and tyler jones are brothers who entered into a partnership. the brothers have limited liability that protects each partner from malpractice or negligence claims resulting from the other partner. however, both brothers are responsible for other debts in the partnership. this type of partnership is called a(n):
Both brothers are responsible for other debts in the partnership. this type of partnership is called limited liability partnership.
What does the term "limited liability partnership" mean?
A different corporate business structure known as an LLP offers both the freedom of a partnership and the advantages of a company with limited liability.
No matter how many partners change, the LLP can continue to exist. It has the legal authority to possess property in its own name and to enter into contracts.
What distinguishes an LLP from a partnership?
According to the legislation, an LLP is a distinct legal entity. In addition to its partners, a partnership firm has no further legal status.
The amount of the partner's liability in an LLP is capped at what they contributed in capital. A partnership business has an infinite liability for its partners.
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a machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. the amount that should be reported as a source of cash under cash flows from investing activities is: multiple choice $45,000. $5,000. $50,000. zero. this is a financing activity. zero. this is an operating activity.
The amount that should be reported as a source of cash under cash flows from investing activities is: $50,000
Given information, the machine cost is $130,000, and the total depreciation is $85,000.
sold cash = $50,000 to determine the amount that should be reported as a source of cash under cash flows, we know that cash from selling equipment is equal to sold cash, or $50000, so we can say that the amount that should be reported as a source of cash under cash flow from investing activities is here. $50,000
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having a strong physical location and internet presensce. is particularly important for retailers and service providers.A competitive advantage based on location is sustainable because it is not easily duplicated.
Because it is difficult to imitate, a locational competitive advantage is long-lasting is Locational excellence.
What is Locational excellence?Excellent locational planning. results from having a strong physical presence and/or online presence. Starbucks is a ubiquitous brand. The customer value circle is encircled by smaller circles for customer excellence, operational excellence, product excellence, and locational excellence.
These are the four major approaches to increasing customer value. For shops and service providers in particular, having a strong physical presence and online presence is crucial. Because it is difficult to replicate, a geographic advantage in the marketplace is sustainable.
having a strong online presence as well as a decent physical location is crucial for service and retail businesses. Because it is difficult to imitate, a locational competitive advantage is long-lasting.
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The complete question is -
A competitive advantage based on location is sustainable because it is not easily duplicated having a strong physical location and internet presensce is particularly important for retailers and service providers.
On October 17, Nikle Company purchased a building and a plot of land for $420,000. The building was valued at $243,600 while the land carried a value of $176,400. Nikle paid $63,200 down in cash and signed a notes payable for the balance. Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank or enter " Ot. 17 Building Land Cash Notes Payable
Building Land Cash Notes Payable Notes Payable =[420000 - 63200]= $356,800
Amount of Sales change = 198000 – 165500 = $ 32,500 [Increase]
--% change = (Change/Year 1 value) x 100 = (32500 / 165500) x 100 = 19.6%
A transaction is a completed settlement between a buyer and a seller to alternate items, services, or monetary belongings in go back for money. The time period is also generally utilized in company accounting. In enterprise bookkeeping, this plain definition can get problematic. A transaction may be recorded by an enterprise earlier or later depending on whether or not it makes use of accrual accounting or coins accounting.
A sales transaction between a consumer and a dealer is fairly truthful. character A can pay individual B in an alternative for a product or service. when they agree on the terms, money is exchanged for the good or service and the transaction is complete.
Transactions may be more complicated within the accounting global due to the fact agencies might also make a deal nowadays that might not be settled until a future date. Or, they'll have sales or expenses which can be recognized but are no longer due. third-celebration transactions also can complicate the manner.
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