The reader of your business plan will learn where you will buy goods to resell in the section under "Goods, Services, and the Production Process."
What does a business strategy include?Include a succinct summary of your company's goals, your product or service, your leadership group, your workforce, and your location. Financial information and high-level growth goals should also be provided if you plan to make a financing request.
What a company plan should accomplishYour business plan can be able to draw in new investors or business associates. Investors will feel more certain that they will receive their money back if one is in place. Your business plan will be a persuasive tool that you employ to persuade others to collaborate with you or invest in your enterprise.
Learn more about business plan: https://brainly.com/question/15826604
#SPJ4
Don Juan is divorced and under the terms of the 2019 decree, he pays his ex-wife $1,800 in alimony, $2,000 in child support and $8,000 for her share of the Honda. On form 1040 he can take an adjustment for:
Choose one answer.
a. $0 b. $1,800 c. $9,800 d. None of these e. $3,800
The correct answer is (b) i.e., $1800. Still, he pays his-wife$ 1, 800 in alimony, If slip Juan is disassociated and under the terms of the 2019 decree. On form 1040, he can take an adaptation for$,800.
Alimony in India isn't tested if it's paid as a lump-sum quantum in cash. Still, if it's entered every month, it becomes taxable income. Likewise, the partner who provides the quantum as alimony can not claim any duty deduction for this quantum.
Still, the Supreme Court of India has set 25 of the net yearly payment that should be granted to the woman by the hubby, If the alimony is being paid in the form of yearly payments. In case the alimony is being paid in the form of a lump-sum quantum, it generally ranges between 1/ 5th to 1/ 3rd of the hubby's total worth.
To learn more about lump-sum quantum, visit here
https://brainly.com/question/30005989
#SPJ4
one of the main differences between the michigan studies and the ohio state studies was how they classified the two broad categories of behaviors that they identified. choose the response that best describes this difference. group of answer choices the ohio state studies identified that management-oriented and leadership-oriented behaviors were on different ends of a single continuum, while the michigan studies classified these two behaviors as independent, each being on a separate continuum. the michigan studies identified that management-oriented and leadership-oriented behaviors were on different ends of a single continuum, while the ohio state studies classified these two behaviors as independent, each being on a separate continuum. the michigan studies identified that task-oriented and people-oriented behaviors were on different ends of a single continuum, while the ohio state studies classified these two behaviors as independent, each being on a separate continuum. the ohio state studies identified that task-oriented and people-oriented behaviors were on different ends of a single continuum, while the michigan studies classified these two behaviors as independent, each being on a separate continuum.
Two general leadership strategies have been found by research from the University of Michigan: employee orientation and production orientation.
Your leadership style should be encouraging if you want your team to be more productive and capable of attaining its goals. These behaviours can also assist you in retaining top talent in your field because team members may value the opportunity to work with you. Your capacity to behave as a leader can have a direct impact on your employer's ability to make money and your organization's potential to prosper. Leadership conduct refers to the traits and actions that define a successful leader. Through this behaviour, a person can direct, plan, and control the actions of others in order to accomplish specific goals.
Learn more about Leadership here:
https://brainly.com/question/29844970
#SPJ4
laws which regulate or curtail business monopolies or dominant financial organizations are called anti-trust laws.
The given statement "antitrust laws are those that regulate or impose restrictions on large financial organizations or commercial monopolies" is TRUE.
What are anti-trust laws?Anti-trust laws are those that control or restrict commercial monopolies or powerful financial institutions.
All agreements, alliances, and plots that excessively restrict domestic and international trade are prohibited under this Act.
This involves agreements between rivals to fix pricing, rig bids, and allocate clients, all of which are considered felonies and subject to harsh penalties.
It outlaws any agreements or plots that restrict trade or commerce.
Price fixing, market allocation, boycotts, bid rigging, and tying agreements are examples of these forbidden constraints.
The antitrust laws are the rules of the competitive marketplace, and it is the FTC's job to enforce them.
These rules encourage healthy competition and defend consumers from mergers and company actions that are anti-competitive.
Therefore, the given statement "antitrust laws are those that regulate or impose restrictions on large financial organizations or commercial monopolies" is TRUE.
Know more about anti-trust laws here:
https://brainly.com/question/13800256
#SPJ4
Correct question:
Laws that regulate or curtail business monopolies or dominant financial organizations are called anti-trust laws. TRUE/FALSE
How can project managers navigate organizational culture while working on projects? Select all that apply.By asking questions,By understanding their impact,By making observations
Project managers can navigate organizational culture while working on projects by asking questions, making observations, and understanding their impact.
Asking questions can help project managers understand the existing structures, processes, and values of the organization they are working with. Making observations can help project managers identify any key players and influencers in the organization and build relationships with them.
Understanding the impact of their decisions and actions helps project managers ensure that their decisions and actions are aligned with the organizational culture.
Additionally, project managers should establish relationships with their team members to ensure that their behavior and decisions are in line with the organization’s values and culture.
Finally, project managers should be open to feedback and criticism to ensure that their decisions and actions are in line with the organization’s values and culture. By being aware of the organizational culture and being mindful of its impact, project managers can ensure that their projects are successful.
Learn more about project manager:
https://brainly.com/question/27995740
#SPJ4
which of the following was not associated with the economic challenges the united states faced after world war i?
mobilization of the economy and employment was not associated with the economic challenges the united states faced after world war I.
An economy is a collection of connected production and consumption processes that ultimately decide how resources are distributed within a community. The requirements of persons residing in and functioning inside it are met through the production and consumption of products and services as a whole. The three major economic systems are command, mixed, and free market. Free-market and command economies are contrasted in the graph below; mixed economies combine the two. Economics is a personal matter for both individuals and corporations. All economic decisions for the state are made at the central level. Traditional economies, which use a country's traditions and history to direct the production and distribution of products, are a famous example of economies.
learn more about economy here
https://brainly.com/question/13719381
#SPJ4
______ is considered unethical in the united states because of its negative impacts on competition, but its practice can be more common in countries in earlier stages of economic development
Bribery is deemed immoral in the United States due to its negative effects on competitors in the market, although it is more common in developing nations.
Corporate culture is characterized by the set of moral standards, ideas, and behaviours that were already managed to learn but instead communicated by the employees of a company.
Interested parties obligation focuses on such an association's obligation to individuals who may influence the success of its objectives.
When institutions acknowledge the necessity of going improvement the value of people, the environment, and profit of the company in order to attain long-term, sustained development, entrepreneurs are concentrating on the triple bottom line. Societal obligation is the broadest definition of social responsibility.
To know more about development click here
brainly.com/question/28423077
#SPJ4
Asymmetric information is when ____________.A. one party to a transaction has different information from the otherlong dash—information that the other party cares about.B. there is an equity-efficiency trade-off in the outcome of a transaction.C. both parties to a transaction have the same information but fail to conclude the transaction.D. both parties to a transaction are missing the same important piece of information.
Option A is correct. Asymmetric information, also known as "information failure", occurs when one party in an economic transaction has more important knowledge than the other party.
Information asymmetry, also known as "information failure", occurs when one party in an economic transaction has more important knowledge than the other party. This usually manifests itself when the seller of the goods or services has more knowledge than the buyer. However, the opposite dynamic is also possible.
"Asymmetric information" is a term that refers to one party in a transaction having more information than the other. In certain transactions, the seller can take advantage of the buyer due to the presence of asymmetric information, where the seller has more knowledge about the item being sold than the buyer. The reverse is also true.
Information asymmetry is desirable in a healthy market economy in that a worker can specialize in her one occupation, be more productive, and have a skilled workforce that provides greater value to workers in other occupations. seen as a result.
Know more about Asymmetric information here:
https://brainly.com/question/8002460
#SPJ4
A disadvantage of formalization in organization structure is: a. Decision making is at a faster pace b. Formalized structure is associated with increased motivation and job satisfaction
c. Strategic decision making occurs often d. Reduced innovativeness occurs because employees are used to behaving in a certain manner
Strategic decision-making occurs frequently, which is a drawback of formalizing organizational structure, and individuals' lack of freedom to innovate is another.
How do structure and meaning differ?
the process of construction construction is defined as something that has been built or organized according to a specific pattern.
The arrangement of components in a substance or body. an object (such as an anatomical part) arranged in a specific pattern of organization. Organization of pieces as dictated by the overall nature of the whole is referred to as molecular structure.
A material thing or system's structure is how its constituent parts are arranged and structured, or the organized object or system itself. Material structures encompass both naturally occurring and man-made items, such as biological beings, minerals, and man-made structures like buildings and machines.
Know more about freedom Visit:
https://brainly.com/question/4077647
#SPJ4
your account is currently associated with an enterprise product. if you are an admin, please transfer your administrator status to another admin before hibernating your account. if you're not admin, please work with your administrator to remove that license before hibernating your account.
If you are the administrator of an enterprise product and wish to hibernate your account, you should first transfer your administrator status to another admin. If you are not an admin, you should work with your current administrator to remove the license before hibernating your account.
It is important to ensure that the product continues to function properly and that there is another administrator in place before hibernating your account. If you are not an admin, you should work with your current administrator to remove the license before hibernating your account.Before hibernating your account, it's crucial to make sure the enterprise product is still working effectively and that a new administrator has been appointed. Before hibernating your account, if you are not the current administrator, you should negotiate with them to remove the licence.Before putting your account into hibernation, it's crucial to make sure the enterprise product is still operating normally and that a new administrator has been appointed. To delete the licence while hibernating your account if you aren't the current administrator, collaborate with them.
To learn more about hibernating your account here:
https://brainly.com/question/28619201
#SPJ4
identify whether each of the following statements addresses primarily macroeconomics or microeconomics. 1. the unemployment rate is holding steady at 7.2%. 2. the government should decrease taxes. 3. colleges should decrease tuition rates for freshmen. 4. the price of cars is rising. 5. a school is considering purchasing tablets for all students. identify each of the following statements as positive or normative. 1. high schools should allocate more parking spaces to seniors. 2. if stores lower the price of a product, people will buy more. 3. movie ticket prices have increased
The unemployment rate is holding steady at 7.2% is Macroeconomics . The government should decrease taxes is Macroeconomics . Colleges should decrease tuition rates for freshmen is Microeconomics. The price of cars is rising is Microeconomics.
The study of an economy's overall performance, structure, behaviour, and decision-making is known as macroeconomics. Using interest rates, taxes, and government expenditure, for instance, to control the expansion and stability of an economy.
The two most interdisciplinary areas of economics are macroeconomics and microeconomics. As part of the 2030 Agenda, the United Nations Sustainable Development Goal 17 aims to improve global macroeconomic stability via coordinated and coherent policymaking.
To know more about Macroeconomics here-
https://brainly.com/question/30044582
#SPJ4
Managers must adopt a new mind-set that values and the challenges that evolve from constantly changing condiEons. (A) flexibility (B) innova/on (C) speed (D) All of these op/ons are correct.
Managers must adopt a new mind-set that values and the challenges that evolve from constantly changing conditions like flexibility , innova/on and speed
Option D is correct.
What is the process of strategic management?A company adopts a strategic management process as a continuous culture of evaluation to outperform its rivals. Despite its apparent simplicity, this is a complicated procedure that includes developing the organization's overarching vision for current and future goals.
What are managers' responsibilities?Organizing and supervising a specific group, project, or sector within a business is the responsibility of managers. Depending on where they are in the company, a manager's responsibilities can be varied. Managers may be in charge of a team or a specific function, as indicated by the title of their position.
Learn more about managers:
brainly.com/question/24708179
#SPJ4
Choose the response that correctly describes how decedents are allowed to claim deductions on their final returnA. When a taxpayer dies, they are entitled to claim deductions for all the expenses paid and for qualifying donations made prior to their death.B. On a decedent's final return, the standard deduction must be prorated through the date of death. Only the prorated portion may be deductedC. Medical expenses are only deductible through the date of death. Payments made after the date of death are not deductible on the final tax returnD. Decedents are not allowed to deduct any charitable donations made prior to death if they mailed a check, but it was not cashed prior to the date of death.
The correct option is (C). Medical expenses are only deductible through the date of death. Payments are made after the date of death. Payments made after the date of death are not deductible on the final tax return.
The IRS allows you to abate unreimbursed payments for precautionary care such as medical expenses, treatment, surgeries, dental and vision care, visits to psychologists and psychiatrists, traditional specifics, appliances similar as spectacles, connections, false teeth and hearing aids, and charges that you pay to travel for good medical care.
For individual pay envelope- earners, some of the most generally- used deductibles are mortgage interest payments, state and original duty payments, and charitable deductions. There's a deduction for out-of-fund medical costs.
To learn more about medical expense, visit here
https://brainly.com/question/3753242
#SPJ4
if 25,000 dollars is despoted into a savings acount with an intrest rate of 4% compoudned semi anually
It will take 3.30 years to accumulate $28,500 on this account with an interest rate of 4% compounded semi annually
Calculating the problem:
It will take 3.3 years to accumulate $28,500 on this account
According to the compound amount formula expressed as:
A = P ( 1 + [tex]\frac{r}{n }[/tex])ⁿ
where,
P is the principal = $25,000
A is the amount = $28,500
r is the rate in decimal = 4% = 0.04
n = 2 (semi annually)
28,500 = 25000 ( 1+ [tex]\frac{0.04}{2}[/tex]) ²ⁿ
1.14 = ( 1+ 0.02) ²ⁿ
log 1.14 = 2tln 1.02
2t = [tex]\frac{ln 1.14}{ ln 1.02}[/tex]
2t = 6.617
t = 3.30 years
Hence it will take 3.3 years to accumulate $28,500 on this account
How does compound interest work?
When you earn interest on both the money you've saved and the interest you earn, this is called compound interest.
For instance, if you put $1,000 into a savings account that earns 1% interest annually, you would get back $10 in interest after a year. In Year Two, you would earn 1% on $1,010—the principal plus interest, or $10.10 in annual interest payouts—thanks to compound interest.
Formula for Monthly Compound Interest. Twelve times per year, interest compounded monthly is calculated.
Quarterly Compounded Formula. Four times per year, interest compounded quarterly is calculated.Formula for Daily Compound Interest.Formula for Annual Compound Interest.The annual interest rate multiplied by the number of compound periods minus one is used to calculate compound interest. The initial principal amount is multiplied by one.Question incomplete:
If an amount of $25,000 is deposited into a saving account at an interest rate 4%, compounded semi-annually, how long will it take to accumulate on this account $28,500?
Learn more about compound interest:
brainly.com/question/28960137
#SPJ4
The following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion. Suppose the government increases spending on building and repairing highways, bridges, and ports.
Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the increase in government spending.
In the following graph, the Aggregate Demand curve shifts to the right.
The total demand for final goods and services in an economy at any given time is known as aggregate demand, or domestic final demand in macroeconomics. Effective demand is a common term used, albeit it is occasionally used differently. This is the demand for a nation's gross domestic product.
Microeconomics is a branch of classical economics that studies how individuals and organisations behave and interact while selecting how to distribute scarce resources.
It assists in creating economic plans that improve output efficiency and raise social welfare. Microeconomics explains how a capitalist economy works, where each unit is allowed to make its own choices.
Learn more about aggregate demand here:
brainly.com/question/29349235
#SPJ4
2. Explain the importance of “format” and “visual presentation” when composing text as well as ensuring that the form and content is appropriate to the text type, audience and context.
The format and visual presentation of text play an important role in how it is received by the audience. The format refers to the structure and organization of the text, such as headings, paragraphs, bullet points, and images.
What is the importance of “format” and “visual presentation”?Generally, This helps the audience to quickly understand the main points and navigate the text. The visual presentation, on the other hand, refers to the layout, font, and color scheme used in the text. This can influence the overall tone and readability of the text.
It's also important to make sure that the form and content are appropriate to the text type, audience, and context. For example, a formal report should use a different format and visual presentation than a casual blog post. Similarly, a text aimed at children should use simpler language and visuals than a text aimed at experts in a field.
Furthermore, the format and visual presentation should be consistent throughout the text and should be appropriate to the context in which the text is being read, such as a website, brochure, or presentation. This can help to establish a clear and cohesive message, and make the text more engaging and easy to understand for the audience.
Read more about visual presentation
https://brainly.com/question/29430258
#SPJ1
2. Anyone who has worked in team situations has discovered that some members of the team work harder than others; nonetheless, the whole team is often rewarded based on the overall results, not individual effort. How could team evaluations be made so that individual efforts could be recognized and rewarded?
The team evaluations could be done in a way that it is carried out on a weekly or a monthly basis in order to check out the contribution that the people have to the teams/
How could team evaluations be made so that individual efforts could be recognized and rewarded?There are several ways in which team evaluations could be made so that individual efforts could be recognized and rewarded:
Objectively measure individual contributions: Each team member's responsibilities and tasks should be clearly defined and their progress and performance should be measured objectively. This could be done through regular check-ins, performance reviews, or by tracking specific metrics such as the number of tasks completed or the number of clients serviced.
Peer evaluations: Team members could also evaluate each other's contributions to the team. This could be done through anonymous surveys or by allowing team members to provide feedback on each other's performance during regular team meetings.
Recognize and reward specific achievements: Specific achievements of individual team members should be recognized and rewarded.
Read more on work teams here: https://brainly.com/question/14982604
#SPJ1
If an insurer meets the states's financial requirements and is approved to transact business in the state, it is considered what type of insurer?
If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered a licensed insurer.
A licensed insurer is a company that has been granted the authority by a state's insurance regulatory agency to sell and underwrite insurance policies within that state. In order to obtain a license, the insurer must meet certain financial requirements, such as having a certain level of capital and surplus, as well as passing background checks on its management and ownership. Once the insurer is licensed, it is subject to ongoing regulation and oversight by the state to ensure that it continues to meet the financial and operational standards required to operate in the state. Additionally, the company must comply with the state's laws and regulations regarding the products it can offer and the rates it can charge.
learn more about licensed insurer here:
brainly.com/question/28212009
#SPJ4
1)what is the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world 2)what is measures the purchasing power of various currencies around the world based on the price of a Big Mac 3) what is a term that is used to describe the demands of the fast food industry have forced other industries that service it to also McDonaldize to satisfy McDonalds production demands
McDonaldization refers to the spread of the principles of the fast-food industry, such as efficiency and predictability, into other sectors of society.
1. The process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world is often referred to as "McDonaldization."
This term was first coined by sociologist George Ritzer in his book "The McDonaldization of Society" in 1993. McDonaldization refers to the spread of efficiency, calculability, predictability, and control as dominant societal norms and values, which are similar to the principles that drive the fast-food industry.
2. The Big Mac Index is an informal measure of the purchasing power of various currencies around the world based on the price of a Big Mac.
It was first published by The Economist in 1986 and is updated regularly. The index compares the price of a Big Mac in different countries and uses this information to suggest whether a currency is under or over-valued.
3. The term used to describe the demands of the fast food industry has forced other industries that service it to also McDonaldize to satisfy Mcdonald's production demands is called 'McDonaldization of Industry.'
This means that other industries adopt similar principles of efficiency, calculability, predictability, and control in order to meet the demands of fast food chains such as McDonald's.
In conclusion, McDonaldization refers to the spread of the principles of the fast-food industry, such as efficiency and predictability, into other sectors of society. The Big Mac Index uses the price of a Big Mac to measure the purchasing power of various currencies around the world.
And the McDonaldization of Industry refers to the demands of fast food chains that have forced other industries to adopt similar principles in order to meet their demands.
Learn more about demands at
brainly.com/question/18567855
#SPJ4
Founders' shares are a type of classified stock where the shares are owner by the firm's founders, and they generally have more votes per share than the other classes of common stock. T/F
This statement is true: Founders' shares are a type of classified stock where the shares are owner by the firm's founders, and they generally have more votes per share than the other classes of common stock.
When a new business is incorporated, founders shares—cheap common stock—are issued. The initial parties often distribute the shares in proportion to their involvement or investment in the company. However, even though the shares are allotted now, they are not yet vested or held.
In the first four years of a startup company's existence, shares frequently vest monthly. Once an employee has passed the one-year cliff, or been with the company for more than a year, the first 25% of their shares usually vest. The vesting of the shares is terminated when an employee leaves the company.
To know more about stock:
https://brainly.com/question/29992015
#SPJ4
Assuming a single, profit-maximizing employer in a labor market with many workers, which of the following statements relating to this monopsony is true? This single employer will hire more labor than if the market were perfectly competitive but will pay a lower wage. This single employer is a wage taker, needing to pay the equilibrium wage for the geographic area. In increasing employment, the marginal factor cost of an additional unit of labor exceeds the wage rate paid to the laborer. The profit maximizing monopsonist will hire the quantity of labor where the marginal revenue product of labor intersects the labor supply curve. The first workers hired are paid a higher wage than any additional workers hired by the monopsonist. Wage MFC W3------ wa ----- E--- H i MRP o LO L1 Quantity of Labor Which of the following statements about the monopsonistic labor market shown in the accompanying graph is true? The single firm will hire L and pay each laborer a wage of W2. In this monopsonistic labor market when the single employer maximizes economic profits, there will be no deadweight loss The profit-maximizing monopsonist will hire Lo labor and pay each laborer W1 When the single firm is maximizing profits, the marginal revenue product (MRP) of labor will exceed the marginal factor cost (MFC) of labor. The marginal factor cost (MFC) of labor with the competitive equilibrium exceeds the marginal factor cost of labor in monopsony. Which of the following statements about a monopsonistic labor market is true? (A) Compared to the wage paid in a competitive labor market, the wage paid by a monopsonist is lower and the quantity of labor hired is lower. Since the single firm is a wage taker, the marginal factor cost of labor is equal to the wage rate. Since marginal revenue product equals marginal factor cost, this labor market is efficient with no deadweight loss. A legal minimum wage equal to the competitive wage would further reduce the employment of labor. As the firm hires more labor, the firm is able to pay each unit of labor a lower wage.
In the given case-Up until the market wage equals the marginal revenue product, a business that seeks to maximize profits will hire employees.
In this case, if the going market wage is $20, the profit-maximizing level of employment is 4, since the marginal revenue product at that time is $20.According to the profit maximization rule, a company should hire more workers once MRP = MRC (or MRP = W in competitive labor markets). The marginal product of labor will not exceed the wage rate before a profit-maximizing company hires workers. If the wage rate exceeds the marginal product of labor, the company should increase employment until the two values are equal.To know more about profit here
https://brainly.com/question/1078746
#SPJ4
while reconciling your bank statement you noticed that the bank charged you twice for the same $30 service fee in january x1 and have decided to request $30 back from the bank. please review all general ledger accounts to ensure you are using the correct accounts for this journal entry.
In order to make modifications to the accounting records, address any discrepancies, and spot fraudulent activities, you would perform a bank reconciliation by comparing the cash balances on the balance sheet to the matching amount on your bank statement.
What is bank statement?A bank statement is an official summary of all financial transactions made for each bank account that a person or business has with a financial institution within a specific time period. A bank statement is a formal record that sums up the activities on your account during a specified time period, usually one month. All transactions—both incoming and outgoing—are documented, allowing you to see exactly what happened to your money during that time period. Pass books are copies of customers' accounts that are kept in the bank's records. It displays all of a customer's bank transactions from the bank's perspective as they are prepared by the bank.
To learn more about bank statement click,
https://brainly.com/question/15525383
#SPJ4
There are eight critical business processes on which supply chain managers must focus. Which of the following is one of those processes?
a. Returns management
b. Sales promotion activities
c. Distribution intensity
d. Public relations activities
e. Environmental assessments
Distribution intensity is one of the eight critical business processes on which supply chain managers must focus.
What is the supply chain?A supply chain is the network of all the individuals, organizations, enterprises, assets, tasks, activities, and technology breakthroughs involved in the manufacture and distribution of an item. Every stage of the process, from the movement of raw materials from the supplier to the producer to the ultimate distribution to the client, is included in a supply chain.
What is the supply chain's main purpose?Supply chain management sees logistics and updates inventory levels. They evaluate operation performance and address issues. Additionally, they collaborate with vendors and suppliers to ensure that all operations (such shipping and delivery) meet the strictest requirements for quality and safety.
To know more about Supply Chain visit:
https://brainly.com/question/30086410
#SPJ4
celestin manufacturing company incurred $13,000 of depreciation on its manufacturing equipment during its first year of operation. during this year the company made 6,500 units of product and sold 2,800 units of product. based on this information alone the company would show
An income statement displays a company's revenues, costs, and profitability over time.
What is in the income statement?The sales, costs, and profitability of a business are displayed on an income statement over a given time period. A profit-and-loss (P&L) or earnings statement is another name for it. Your sales revenue from goods or services is displayed. to cover the costs of running your firm and generating revenue.
An income statement serves the function of outlining a company's financial performance over a specific time frame. It narrates a company's operations' financial tale.
Determination of the cost of the items sold by calculation
Cost of goods sold expenditure = ($22,000 / 11,000 units) x 3,700 units sold
$2 x 3,700 sold units equals the cost of the goods sold.
$7,000 is the cost of the purchased commodity.
As a result, based only on this data, the corporation would record a cost of goods sold expense of $7400 on its income statement.
The complete question is:
Celestin Manufacturing Company incurred $22,000 of depreciation on its manufacturing equipment during its first year of operation. During this year the company made 11,000 units of product and sold 3,700 units of product. Based on this information alone the company would show Multiple Choice $22,000 of depreciation expense on its income statement. $7,400 of cost of goods sold expense on its income statement. $22,000 of inventory on its balance sheet. $7,400 of inventory on its balance sheet.
To learn more about income statement refer to:
https://brainly.com/question/15169974
#SPJ4
. the following data were taken from stanton company's balance sheet: line item description dec. 31, year 2 dec. 31, year 1 total liabilities $110,000 $105,000 total stockholders' equity 90,000 65,000 what are the ratios of liabilities to stockholders' equity for year 2 and year 1? a. 1.22, 1.62 b. 0.95, 0.72 c. 0.82, 0.61 d. 1.05, 1.38
The ratios of liabilities to stockholders' equity for year 1 and year 2 are a)1.22, 1.62
Given that,
Year 1:
Total liabilities = $110,000
Total owner’s equity = 90,000
Year 2:
Total liabilities = $105,000
Total owner’s equity = 65,000
Therefore,
Ratio of liabilities to owner’s equity for year 1 = total liabilities
-----------------------------------
total owner equity
= 110,000/90,000
= 1.22
Ratio of liabilities to owner’s equity for year 2 = total liabilities
-----------------------------------
total owner equity
= 105,000/65,000
= 1.62
To learn more about liabilities and equity, visit:
https://brainly.com/question/13161500
#SPJ4
Which of the following statements is correct? Multiple Choice If supply decreases and demand decreases, equilibrium price is indeterminate. If supply decreases and demand decreases, equilibrium price will rise. If supply decreases and demand decreases, equilibrium price will fall If supply decreases and demand decreases, equilibrium quantity will rise. If supply decreases and demand remains constant, equilibrium price is indeterminate.
From the given choices in the question about statements, the statement b) is correct, If supply decreases and demand decreases, equilibrium price will rise.
Reduced demand will result in a decrease in the equilibrium price and an increase in supply. An increase in supply will, if all else stays the same, lead to a drop in the equilibrium price and a rise in the quantity needed. It will increase as the supply declines, while the quantity needed will go down. The forces of supply and demand are balanced at an equilibrium price. Prices tend to stabilize at this level unless specific supply or demand characteristics change. When demand, supply, or both move or change, it will change. Due to equal willingness on the part of buyers and sellers to buy, there is neither a shortage nor an excess of the good at the equilibrium price.
To learn more about equilibrium price click here
brainly.com/question/28527601
#SPJ4
i am custodian for my sons traditional beneficiary ira which he inherited from his grandmither{my mother}. my social security number is on the ira who is liable for the taxes on distribution
Since I am the beneficiary of my son's traditional IRA, taxes must be paid when the IRA Withdrawals exceeds $4000.
For withdrawals from individual retirement accounts, there are various tax regulations depending on the type of IRA (IRAs). For instance, regular IRA withdrawals are always subject to taxation. When you withdraw contributions or gains from a Roth IRA, however, there is no tax due if you meet certain requirements.Contributions to traditional IRAs are tax deductible, gains grow tax free, and withdrawals are taxed. A Roth IRA offers tax-free qualified withdrawals, tax-free growth of earnings, and non-deductible contributions. Roth IRA withdrawals are tax and penalty-free at any time for any reason because Roth IRA contributions are made with after-tax money.
To learn more about IRA Withdrawals, visit:
https://brainly.com/question/10337167
#SPJ4
which of the following statements about orders is true? aa market order to sell is executed at a specified price or higher.ba limit order to buy can only be executed at a specified price or higher.ca market order to sell is executed immediately at the best available price.da limit order to buy is executed immediately at the best available price.
Out of the given choices, the statement, ''a market order to sell is executed immediately at the best available price,'' is the statement that holds true about orders. Therefore, the option C holds true.
A market order is to be understood as an order placed by a stock trader on the exchange, wherein he or she places an order to trade securities at the current prices that prevail in the market. Moreover, the market prices are such that they do not carry any specific price related instructions while they are being placed, and thus, are executed immediately.
Learn more about a market order here:
https://brainly.com/question/29754984
#SPJ4
Deregulation of the airline, trucking, telephone, and electric utility industries are examples of ______ policy
Deregulation, which is the decrease or elimination of government control over a particular industry, is frequently implemented to increase competition within the sector.
What exactly is the market clearing price?The price at which the supply and demand are equal in size is known as the market-clearing price. The only price that "clears" or balances the market is this one. Prices often rise to levels where the market is clearing as a result of competition.
Which kind of microeconomic policy are examples?Deregulation of the financial markets, privatisation and corporatization of state businesses, removal of distortionary taxes, and reduction of tariffs and other types of protection for home industry from international competition.
To know more about government visit:
https://brainly.com/question/16940043
#SPJ4
showing a strong desire to be part of a team makes you an attractive choice when staffing decisions are discussed.
The given statement "if you exhibit a strong desire to collaborate with a team, you are an attractive prospect when hiring decisions are being taken into account" is TRUE.
What are staffing decisions?The three methods of staffing decisions are new hiring, downsizing or termination, and employee training and development.
Workforce recruitment: Strategic staffing decisions involve actions like hiring a new workforce with more varied, applicable, and common capabilities.
Strategic staffing describes a method of filling other, more specialized positions with temporary workers while maintaining a small core of permanent workers.
You are a desirable candidate when hiring decisions are being considered if you demonstrate a great desire to work with a team.
Staffing is crucial since it is the procedure used to identify candidates that best fit the requirements of an open position inside the organization.
Therefore, the given statement "if you exhibit a strong desire to collaborate with a team, you are an attractive prospect when hiring decisions are being taken into account" is TRUE.
Know more about staffing decisions here:
https://brainly.com/question/29763120
#SPJ4
Correct question:
Showing a strong desire to be part of a team makes you an attractive choice when staffing decisions are discussed. TRUE/FALSE
labor resources include which of these? responses money to purchase supplies money to purchase supplies manufacturing buildings manufacturing buildings hours that employees work hours that employees work production machinery
Labor resources include hours that employees work and production machinery because they are the assets that are used directly to produce goods or services by the company. Thus options C and D are the correct answers.
Hours that employees work are a measure of the amount of time and effort that is dedicated to the production process. Employees are the human resources that perform the work necessary to produce goods or services. Their effort and time are essential to the production process.
Production machinery is the equipment that employees use to perform their work. A machinery is a tool that employees use to produce goods or services, and it is an important part of the production process. Machinery helps to increase the efficiency and productivity of the production process, allowing for the production of more goods or services in a shorter amount of time.
To learn more about production process:
brainly.com/question/15269288
#SPJ4
