Foreign companies that are listed on the NYSE and following their domestic GAAP must report their income in terms of the GAAP of the United States.
The term generally accepted accounting principles, GAAP describes the standards used to report a company's financial performance, position, and cash flow status. When reporting their financial accounts, foreign companies with NYSE listings are typically mandated to adhere to US accounting standards, known as US GAAP.
It includes creating their financial accounts in line with US GAAP and submitting them to the Securities and Exchange Commission. This is done to guarantee that the financial data given to stakeholders and investors is relevant to and coherent with the financial data of other American publicly traded firms.
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If you are offered $400,000 in 13 years and you can earn 16 percent on your money, what is the present value of $400,000?
Answer: The present value of $400,000 after 13 years is $1,232,000.
Explanation:
Principle, P = $400,000
Time, T (in years) = 13
Rate of Interest, R = 16% = 0.16
Thus, Interest (I) = P*R*T = $832,000
Therefore, Present Value of Principle, or Amount (A) = P + I
= $400,000 + $832,000
= $1,232,000
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An internal control system consists of the policies and procedures managers use to do all of the following except - Urge adherence to company policies. - Promote efficient operations. - Ensure reliable accounting - Determine pricing for products. - Protect assets.
An internal control system consists of the policies and procedures managers use to do except Determine pricing for products
Option E is correct.
What is a system of internal control?Internal control is a procedure that the board of directors, management, and other employees of an organization use to give reasonable assurance: That information is current, reliable, and accurate. of conformity with applicable policies, procedures, contracts, and laws. The measures a company takes to ensure that its employees by all laws and regulations and do not steal company assets are also included in internal controls.
Internal controls include safes, area restrictions, door locks, and surveillance equipment.
What makes a good system of internal control?A solid internal control system has the following components: Environment of control: Through communication, attitude, and example, management creates a controlled environment. Integrity is at the center of this, as is a determination diligence in system design, and responsibility assignment.
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Analyze the following information and choose the correct statement: Johnny takes 15 minutes to fold laundry and 10 minutes to vacuum. Sarah takes 10 minutes to fold laundry and 8 minutes to vacuum. For Sarah, the per unit opportunity cost of laundry folding is vacuuming(s) and the per unit opportunity cost of vacuuming is_ _laundry fold(s). O 1.5; 2/3 O 1.5; 1.25 O 1.25; 4/5 O 2/3; 4/5
The correct statement is option O 1.25; 4/5. The per unit opportunity cost of an activity is the amount of another activity that must be given up in order to produce one more unit of the first activity.
In this case, for Sarah, the per unit opportunity cost of laundry folding is vacuuming and the per unit opportunity cost of vacuuming is laundry folding.
To calculate this, we divide the time it takes to complete one task by the time it takes to complete the other task. In this case, the per unit opportunity cost of laundry folding for Sarah is 10 minutes/8 minutes = 1.25 vacuuming(s).
Similarly, the per unit opportunity cost of vacuuming for Sarah is 8 minutes/10 minutes = 4/5 laundry fold(s).
This means that if Sarah wants to do one more unit of laundry folding, she will have to give up 1.25 units of vacuuming, and if she wants to do one more unit of vacuuming, she will have to give up 4/5 units of laundry folding.
It's important to note that the per unit opportunity cost of an activity can change depending on the person and their skillset, as well as the tools and resources available to them.
Additionally, the per unit opportunity cost also changes depending on the time taken to complete a task.
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which of the following is not a business management perspective that goes beyond the numbers to enable intelligent planning, controlling, and decision making? multiple choice enterprise risk management perspective lean production perspective corporate social responsibility perspective leadership perspective
Lean production perspective is not a business management perspective that goes beyond the numbers to enable intelligent planning, controlling, and decision making.
What are the six viewpoints on company management?In general, the six functional areas of business management are strategy, marketing, finances, human resources, technology and equipment, and operations.
The success of any management process is dependent on a variety of factors that perspective management addresses. It provides knowledge and training in the areas of enhancing one's personality and skills in communication, leadership, workforce management, project management, and so on.
Top-level, middle, first-line, & team leaders are the 4 most prevalent categories of managers. These positions differ not only in terms of their daily responsibilities, but also in terms of their overall role within the company and the types of employees they supervise.
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All of the following are differences between activity-based costing (ABC) and traditional absorption costing except ________.
A. ABC may assign nonmanufacturing costs to products
B. ABC allocates all manufacturing costs to products
C. ABC uses many cost pools
D. ABC may exclude some manufacturing costs, such as organization-sustaining costs
All of the following are differences between activity-based costing (ABC) and traditional absorption costing except ABC allocates all manufacturing costs to products.
Option B is correct.
How much does manufacturing cost?The expenses incurred during a product's production are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead are all included in these expenses. The income statement typically shows the costs as separate line items. These expenses are incurred by an entity during the production process.The materials used to build a product are called direct materials. The portion of the labor cost associated with the production process that is allocated to a production unit is known as direct labor. The allocation systems that can be used to apply manufacturing overhead costs to units of production include direct labor hours and machine hours incurred.Learn more about manufacturing costs:
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the activities that supply chain managers are involved with planning and coordinating are all of the following except which?
The field of supply chain management (SCM) has developed further to meet the demands of the expanding global supply chain. The concept of a supply chain might be ambiguous because it encompasses a wide range of professions.
What is causing global supply chain issues?
According to a poll, the main reason for the present supply chain problems, which include disruptions in material availability and transportation. According to a survey conducted by the software corporation SAP, 58% of US-based business executives say that the main cause of their supply chain problems is political upheaval around the world.
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(1) Quantity of Factor X: (2) Quantity of Output; (3) Product Price: (4) Marginal Physical Product; (5) Marginal Revenue Product 0; 20; $24; __; __ 1; 28; $24; __; (c) 2; 34; $24; (A); (D) 3; 37; $24; (B); (E) 4; 38; $24; __; (F) Refer to Exhibit 26-8. The dollar amounts that go in blanks (C) and (D) are, respectively, a. $192 and $144. b. There is not enough information to answer the question c. $190 and $270. d. $8 and $8. e. $90 and $80.
Option c, $190 and $270, Exhibit 26-8 is a table that shows the relationship between the Quantity of Factor X, Quantity of Output, Product Price, Marginal Physical Product, and Marginal Revenue Product.
The marginal physical product (MPP) is the change in output resulting from a one-unit increase in the use of a variable input, in this case, Factor X. The marginal revenue product (MRP) is the change in total revenue resulting from a one-unit increase in the use of a variable input.
To find MPP, we can calculate the difference in the Quantity of Output between two consecutive rows. (28-20)/1=8 for (1,2) and (2,3). 34-28/1=6 for (2,3) and (3,4) and so on.
To find MRP, we need to find the product of MPP and the Product Price. In this case, 824 = $192 for (1,2) and (2,3) and 624 = $144 for (2,3) and (3,4), and so on.
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internal auditors are responsible for continuing their education to maintain their proficiency. which of the following is true regarding the continuing education requirements of the practicing internal auditor?
CIAs have formal requirements that must be met in order to continue as CIAs. This is true regarding the continuing education requirements of the practicing internal auditor
An internal auditor (IA) is a prepared proficient utilized by organizations to give free and objective assessments of monetary and functional business exercises, including corporate administration. They are entrusted with guaranteeing that organizations conform to regulations and guidelines, follow appropriate strategies, and capability as productively as could be expected.
The principal occupation of an inward inspector (IA) is to distinguish issues and right them before they are found during an outer review by an external firm or administrative offices, for example, the Securities and Exchange Commission (SEC). One of the jobs of the SEC is to direct the way in which organizations report their fiscal summaries to assist with guaranteeing that financial backers approach all of the vital data prior to effective money management.
An inner review for the most part plays out the three assignments illustrated underneath.
Survey any dangers and the interior controls inside an organization
Guarantee that an organization and its workers are in consistence with government and state regulations and guidelines
Make ideas with regards to how should be redressed a bombed review or issues that were recognized as dangerous during the review
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A key condition of the median-voter theorem is that the policy space be onedimensional, i.e. that the policy be representable by a real number. However, in many real-world cases the policy space may be multi-dimensional. Here we study a simple example of redistributive politics. Consider a society consisting of N≥2
groups (e.g. a nation made up of smaller regions), who must divide a resource among themselves. We normalize the value of this resource to 1 . Each group ghas a population of sizeπ g, and we normalize the size of the entire population to 1. The policy is an allocation, assigning to each group a share of the resource. More precisely, each group
g∈{1,…,N}obtains a shareα g ≥0such thatg=1∑Nα g ≤1. The preferences of voteriin group are represented by the functionu ig =α g. The policy must be decided by majority voting. (a) Provide the condition for some allocation αto be (Pareto) efficient. (b) We claim that any efficient policy can be fully characterized by an
N−1−dimensional vector. Is the claim correct? Explain. (c) In what follows, we will always assume that the policy is efficient. Suppose thatN=2, so there are only two groups, denoted 1 and 2 respectively. Suppose thatπ 1 >π 2.
a) The distribution must be at least as favored by group g voters as any other alternative allocation, i.e., u(g,a) >= u(g,a') for every a'.
b) The assertion may not always be true.
c) he distribution of voters' ideal points in terms of o can be stated as if there are only two groups and group 1 has a bigger population than group 2.
a) This implies that in order to benefit any group, at least one other group must suffer. In other words, increasing one group's usefulness is impossible without lowering that of another group.
The existence of no other allocation a' such that u(g,a') > u(g,a) for at least one group g and u(g', a') >= u(g',a) for all other groups g' is also a need for an allocation to be Pareto efficient. This means that no allocation can strictly improve the utility of at least one group (i.e., make them better off) without lowering the utility of any other group.
b) It is possible for an N-dimensional policy space to be described entirely by an N-1-dimensional vector, this does not always apply to efficient policies.
Consider the scenario when N = 2 and there are two groups, group 1 and group 2, to see this. The allocation of resources to each group is represented by one of the two dimensions of the policy space. An effective policy must meet the requirement that no group may be improved without degrading the other group. This indicates that the Pareto frontier, a line drawn in the policy space by the efficient policies, divides the space into two regions: one where group 1 is better off than group 2 and the other where group 2 is better off than group 1.
The resource distribution to group 1 in this instance can properly describe the Pareto frontier. The assertion that any effective policy can be adequately described by an N-1-dimensional vector, however, is not generally true. The Pareto border, for instance, maybe a curve or a surface in the policy space if N is greater than 2, and thus cannot be completely described by an N-1-dimensional vector.
c) (i) The range [o min, 1] is where the ideal points of the group 1 voter are distributed, with o_min being the smallest allocation of the resource to group 1 that is still desired by at least one group 1 voter.
(ii) The range [0, o_max], where o max is the largest allocation of the resource to group 1 that is still chosen by at least one voter in group 2, is where the ideal points of the group 2 voters are distributed.
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Which of the following represents the owner's
claim?
Answer: Copyright, Patent, trademark, registered brand elements, etc.
Explanation:There are many intangible assets and resources which helps owner to claim their company,product,branding and pattern,etc.
on may 1, sellers marketing company received $1,500 from franco marcelli for a marketing campaign effective from may 1 this year to april 30 of the following year. the cash receipt was recorded as unearned revenue and at year-end on december 31, $1,000 of the revenue had been earned. assuming adjustments are only made at year-end, the adjusting entry on december 31 would be:
Assuming that the adjustments are only made at the year-end, the adjusting entry for the provided transaction would be a debit to Unearned Fees Account and a credit to Fees Earned Account for an amount of $1,000.
An adjusting entry can be easily regarded as a journal entry that takes place as a result of rectification of the adjustments that are realized much after the recording of original entries has been made. For the above transaction, the entry would be,
Dec. 31 Unearned Fees Ac. Dr. 1,000
To, Earned Fees Ac. 1,000
(Being adjusting entry for realized fees made)
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sarah works for a market research firm that has been hired to assess customer perceptions of quality for franchise restaurants in the chain. measuring quality can be challenging because quality is
Measuring quality can be challenging because many intangible elements affect customer happiness, and measuring service quality is difficult.
The ability to judge and determine the quality of a service is more difficult than that of a product. With services, the client and provider engage directly, the service itself is irrelevant, and there is a high likelihood of inaccuracy. The five service quality dimensions are dependability, responsiveness, assurance, and empathy.
By assessing service quality, you may pinpoint areas that require improvement, assess and contrast team members' contributions, and establish precise objectives to strive for and increase customer satisfaction. Inadequate data knowledge, a lack of resources, negative experiences, inaccurate data, and a lack of senior leadership involvement are additional factors that contribute to measurement resistance.
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a customer acceptance/project completion form should be completed and signed by the project manager.
a. true
b. false
The given statement is False. Project closing frequently includes a final donation and report. A client acceptance/ design completion form should be completed and inked by the design director.
Design check involves conditioning like releasing every design resource, including platoon members, suppliers, coffers, and other mates. A design check by the design director where the design is completed early with some corridors excluded would be classified as a design failure.
Procurement checkups are frequently done during contract checks to identify assignments learned in the procurement process. The design is complete, and the client has entered the final deliverable, but the client refuses to accept the design's final acceptance.
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Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.Miscellaneous Expense Cash Cash Notes ReceivableInterest Revenue
Small transactions outside of the designated accounts in the ledgers are referred to as miscellaneous costs.
What expenses fall under the category of "other"?Examples of a miscellaneous expense include, but are not limited to, clothing, a computer, tools, a work uniform, and work boots. Any write-off that doesn't fall within one of the IRS's tax categories is referred to as a miscellaneous expense. These expenses can be deducted from the taxable income of small business owners.Small transactions outside of the designated accounts in the ledgers are referred to as miscellaneous costs. The general ledger account for your company must be used to record and account for miscellaneous expenses, or costs that don't fit into a certain tax category.To learn more about miscellaneous costs refer to:
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In processing a loan, a commitment for private mortgage insurance would be required if the down payment was less than:
Option c is correct. When processing a loan, private mortgage insurance approval is required if the down payment is less than 20%.
When applying for a private mortgage, the lender usually requires a down payment equal to his 20% of the purchase price of the home. If the borrower cannot afford to pay that amount, the lender views the loan as a riskier investment and requires the homebuyer to purchase his PMI, also known as personal mortgage insurance, as part of the mortgage process. There is likely to be.
PMI protects lenders in the event of major mortgage defaults and home foreclosures. The lender requires the borrower to pay her PMI if he can't afford his 20% down payment on the home. The PMI cost is 0.4% to 2.25% of the mortgage annually and is usually included in your monthly payment.
PMI can be removed once the borrower has fully repaid the principal of the mortgage. Homebuyers may be able to avoid PMI by piggybacking on a smaller loan to cover a down payment on top of their main mortgage.
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The complete question is:
In processing a loan, a commitment for private mortgage insurance would be required if the down payment was less than:
a. 50%.
b. 40%.
c. 20%.
d. none of the above.
in september of year 2, west corp. made a dividend distribution of one right for each of its 120,000 shares of outstanding common stock. each right was exercisable for the purchase of 1/100 of a share of west's $50 variable rate preferred stock at an exercise price of $80 per share. on march 20 of year 6, none of the rights had been exercised, and west redeemed them by paying each stockholder $0.10 per right. as a result of this redemption, west's stockholders' equity was reduced by
In Year 1, no dividend was recorded since none of the rights were exercised and no value was assigned. In Year 6, redemption reduced equity by $12,000 [120,000 rights x $.10 per share].
In the financial sense, equity refers to the ownership of assets that have underlying responsibilities such as liabilities. Equity is computed in accounting by subtracting liabilities from the value of assets.
Assets are considered to be "underwater" or "upside down" when the responsibilities linked with them surpass the property's worth. This asset type is known as "equity" in English because it was governed by equity legislation developed in England in the late Middle Ages to fulfil the expanding needs of commerce.
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identify key concepts in project cost management, including tailoring and special considerations for agile/adaptive environments
Key concepts in project cost management, including tailoring and special considerations for agile/adaptive environments : ongoing use costs, stakeholder expectations , outsource performance analysis or nah
Option B,D, F are correct.
ongoing use costs:This knowledge area ought to also take into consideration how decisions made regarding the project will affect the subsequent recurring costs associated with utilizing, maintaining, and supporting project deliverables.
Expectations of stakeholders :Different stakeholders will measure project costs in various ways and at various times. It is necessary to explicitly take into consideration stakeholder demands for cost management.
Outsource performance analysis or nah :Predicting and evaluating the product's potential financial performance can be done outside of the project or as part of Project Cost Management.
An illustration of project cost management ?To ensure that there are no overruns on the budget, a project manager will keep track of these costs. The budget for a home improvement project is one example of a cost management plan. Hired labor and building supplies would be examples of direct expenses. Insurance premiums, equipment rental fees, and routine upkeep are examples of indirect expenses.
Incomplete question :
identify key concepts in project cost management, including tailoring and special considerations for agile/adaptive environments
A.Knowledge management.
B.ongoing use costs
C.Estimating and budgeting.
D.stakeholder expectations
E.Earned value management.
F.outsource performance analysis or nah
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to help employees accept new technologies like an information system, a manager will do all of the following except:
To help employees accept new technologies like an information system, a manager will do all of the following except Provide minimal rationale for the new system.
Option E is correct.
How does new technology affect employees?Organizations have been able to rapidly increase their productivity and efficiency thanks to the use of technology in the workplace. With digital tools, applications, and systems, processes that were once manual and time-consuming can now be completed quickly and effectively.
How do workers utilize technology?Utilizing technology aids in the resolution of issues that frequently hinder employee productivity, such as file management, report generation, and growth tracking. For efficiency, modern workplaces heavily rely on computer-aided tools. The amount of time and money required to complete the task can be reduced with the aid of these tools.
Question incomplete:To help employees accept new technologies like an information system, a manager will do all of the following EXCEPT:
a) Ensure employees find the system easy to use
b) Demonstrate that the system will allow them do more or better work for the same amount of effort
c) Train the user on the new system
d) Reward users of the new system
e) Provide minimal rationale for the new system
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many service companies collect data via a follow-up survey of their customers. for example, to ascertain customer sentiment, delta air lines sends an e-mail to customers immediately following a flight. among other questions, delta asks
There are different ways to respond to an issue. Due to the fact that the response stated are five choices, therefore, the response is a categorical response.
When you look at the five responses for the labels for the customer responses, you will see that a nominal scale is being used.
What is a categorical response?Categorical is known to be the term for all single-choice or multiple-choice response to a given question.
Airline Customer Satisfaction. Many service companies collect data via a fol-low-up survey of their customers. For example, to ascertain customer sentiment, Delta Air Lines sends an email to customers immediately following a flight. Among other questions, Delta asks:
Are the data collected by Delta in this example quantitative or categorical?
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Good advice for using nonverbal messages during a presentation include all of the following EXCEPT: Maintain appropriate eye contact to show your confidence and preparation. Use a variety of gestures planned and rehearsed in advance. Punctuate your words by varying your tone, volume, pitch, and pace. Avoid standing in one spot behind the podium. Dress as well as the likely best dressed person in the audience
Good advice for using nonverbal messages during a presentation includes all of the following except avoid standing in one place behind the podium. Here option C is the correct answer.
It is important to move around during a presentation and avoid standing in one spot behind the podium, as it can make the presenter appear stiff and unengaged. Moving around can help to convey energy and enthusiasm, and keep the audience engaged.
It's also important to be aware of your body languages, such as maintaining an open posture, keeping your hands out of your pockets, and avoiding fidgeting or nervous movements.
Overall, nonverbal communication can be just as important as verbal communication in a presentation. By paying attention to your body language and delivery, you can help to convey your message more effectively and engage your audience.
Complete question:
Good advice for using nonverbal messages during a presentation includes all of the following EXCEPT:
A - Maintain appropriate eye contact to show your confidence and preparation.
B - Use a variety of gestures planned and rehearsed in advance.
C - Punctuate your words by varying your tone, volume, pitch, and pace. Avoid standing in one spot behind the podium.
D - Dress as well as the likely best-dressed person in the audience
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ABC Company uses a calendar year and purchases a fixed asset on March 5. Under the one-half year convention, when will ABC begin depreciating the asset?
a.July 1
b.January 1
c.January 1 of next year
d.March 1
The correct option a. July 1. Using a calendar year, ABC Company buys a fixed asset in March 5. According to the half-year convention, ABC will start depreciating the asset on July 1.
Define the term half-year convention?In both the initial and last years about an asset's useful life, the half-year convention regarding depreciation deducts one half of the usual annual depreciation expense.
The matching principle dictates that expenses and revenues should be as closely matched as possible within the same accounting period. This is the goal of the half-year convention.By only depreciating half of the standard annual impairment loss during year one if the purchased asset occurs in the course of the year, the half-year rule for depreciation enables businesses to better complement revenues and expenditures in the year participants are incurred.For the question:
The midpoint method of depreciation will be employed in the July month for a brief tax year. This is due to the fact that July 1 is utilized to compute depreciation that used the half-year approach when an asset is purchased throughout the year but utilised after the second half.As a result, 1 July, option a, is the appropriate response.
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during september, sally's hair salon purchased $900 of supplies on credit. in october, sally's makes a payment of $200 on this bill. record the october transaction into sally's accounting equation by: (check all that apply.)
Sally's Hair Salon made on-account purchases totaling $900 in September. Sally's wishes to pay $200 of this invoice in October. Add the October transaction to Sally's accounting calculation by subtracting $200 from Accounts Payable and $200 from Cash.
Describe accounts payable using an example.Your accounts payable, a current liability account, contains all of the money you owe to other people. The third parties can be organizations, companies, or even a person that you borrowed money from. Accounts payable frequently takes the form of purchases of goods or services from other companies.
Accounts payable is the amount of cash a company owes its suppliers, whereas accounts receivable is the amount of cash a company is owed, typically by clients. When a business extends credit to another, one of the businesses records an item in their books for accounts payable, and the other records an entry for accounts receivable.
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below is a list of domestic output and national income figures for a certain year. all figures are in billions. the questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Using the above data, determine GDP by both the expenditures approach and the income approach. Then determine NDP.Now determine NI in two ways: first, by making the required additions or subtractions from NDP; and second, by adding up the types of income and taxes that makeup NI.Adjust NI (from part b) as required to obtain PI.Adjust PI (from part c) as required to obtain DI.The GDP from the income and expenditure approach is $388 billion. The NDP is $361 billion.The national income by making NDP changes and adding types of income and taxes is $357 billion.The personal income is $291 billion.The disposable income is $265 billion.
$388 billion is the GDP calculated using the income and expenditure method. A $361 billion NDP. $291 billion is the personal income. $265 billion is the available income. also $361 billion is the NDP.
What is the GDP and NDP ?The GDP calculated using the income and expenditure method is $388 billion. A $361 billion NDP is available.
NDP = GDP minus depreciation
NDP = 388 – 27
NDP = 361
A $361 billion NDP.
Spending Strategy,The addition of new income and tax categories under the NDP will result in a $357 billion increase in the national income.
NI is calculated as follows: Employee compensation + Rent + Interest + Proprietor's Income + Corporate Profits + Production and Import Taxes
NI = 223 + 14 + 13 + 33 + 56 + 18
NI = 357
As a result, $357 billion is the total national income when all forms of income and taxes are included.
Personal income is $291 billion dollars.
NI + Corporate Income Tax + Undistributed Profit + Social Security Contribution + Transfer Payments = PI
PI=357–18 – 19 – 21 –20 + 12=PI = 291
There are 265 billion dollars in available funds.
Taxes on Individuals = PI
DI=291–26
DI=265
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which of the following types of policies allows for a flexible premium and a variable investment component?
a. Variable universal life insurance
b. Jumping juvenile policy
c. family policy
d. Mortgage Redemption
(a) Variable universal life insurance of policies allows for a flexible premium and a variable investment component.
A variable universal life insurance policy allows for a flexible premium and a variable investment component. The policyholder can adjust the amount and frequency of premium payments, and the policy's cash value is invested in a selection of separate accounts, such as stocks, bonds, and money market funds. The separate account options available to the policy holder will fluctuate in value, and the policyholder bears the investment risk. One of the main advantages of a VUL policy is that the cash value can grow tax-deferred. This means that the policyholder does not have to pay taxes on the growth of the cash value until it is withdrawn. Additionally, the policyholder can use the cash value to pay for the policy's premiums or to borrow against the policy.
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when creating pro forma statements, the changes in the liabilities and owners' equity sections depend primarily on the firm's
when creating pro forma statements, the changes in the liabilities and owners' equity sections depend primarily on the firm's dividend and financing policies.
In accounting, a company's liabilities include its outstanding debts, such as the cash it owes to its creditors, suppliers, and employees, as well as any loans it still owes. The term "liability" can refer to both your responsibility for something as well as a debt you have to another party for goods or services. The amount of property taxes a homeowner owes to the city or the amount of income tax he must pay to the federal government are two examples of his tax obligations. In terms of finance, the main distinction between equity and liabilities is that, whereas liabilities are the debts or obligations a firm owes to other parties, equity reflects the ownership position that shareholders have in a corporation. Liabilities are taken out and assets are used to compute equity.
the complete question is:
When creating a pro Forma statement, the changes in the liabilities and owners equity sections depend primarily on the firms?
Financing policies
Interest rates and financing policies
Dividend and financing policies
Retained earnings policy
Rate of sales growth
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oscar's wilderness flower shop maximizes profits by hiring four workers in a perfectly competitive labor market. the workers and their mrps are alfred $40, barbara $35, calvin $27, and diana $15. which of the following statements is true?
The true statement about Oscar wilderness flower shop is In equilibrium, each worker is paid his or her value of the marginal product of labor.
The income of each factor's production corresponds to its marginal productivity, according to the marginal theory of income distribution.
Option A is correct.
Marginal productivity :Marginal productivity is the change in total production caused by one additional unit of production by one additional unit of factor. Until the marginal revenue product of labor is greater than the wage rate of labor, businesses hire workers. The labor market is at equilibrium when the labor's wage rate and the labor's marginal revenue product are equal.
Perfectly competitive labor market :Each business is a wage taker in a perfectly competitive labor market where the wage rate is set by the industry rather than by the individual company. As a result, the market will determine the actual equilibrium wage, and the individual firm's labor supply is perfectly elastic at the market rate.
Incomplete question :
Oscar's wilderness flower shop maximizes profits by hiring four workers in a perfectly competitive labor market. the workers and their mrps are alfred $40, barbara $35, calvin $27, and diana $15. which of the following statements is true?
A.In equilibrium, each worker is paid his or her value of the marginal product of labor.
B.Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
C.Each worker is paid $15.
D.We need to know the product price before we can figure out the wage rate.
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Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. When the sculpture is delivered, Heidi has it inspected by an art appraiser, who informs her that the sculpture is a fake. When Heidi calls the art dealer to tell him the news, he is honestly shocked and appalled. What remedy does Heidi have in this scenario?a. Heidi has no recourse in this scenario because she accepted delivery of a non-conforming good.b. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.c. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.d. Heidi is only entitled to recover the money that she paid for the sculpture.
(b). Heidi has the right to receive her money back for both the sculpture's purchase price and the cost of having it evaluated.
As a result of the art dealer misrepresenting the sculpture as an original piece by one of Heidi's favorite sculptors when it was not, she has been the victim of a fraudulent transaction in this case. Heidi has the right to receive her money back for both the sculpture's purchase price and the cost of having it evaluated. This remedy is referred to as "rescission," which is the legal right to void a contract and put all parties back in their pre-contractual positions. Due to the fact that she accepted delivery of a non-conforming good, Heidi is helpless in this situation, is not accurate, as Heidi is not accepting the delivery of a non-conforming good, but a fraudulent good. The art dealer might be sued by Heidi for specific performance and made to take all reasonable steps to protect the original sculpture. is not accurate, as specific performance is a legal remedy that requires a person to fulfill their contractual obligations, but in this scenario, the dealer has no ability to provide the original sculpture as it doesn't exist. Only the money Heidi spent on the sculpture may be recovered, is not accurate, as Heidi is entitled to recover the purchase price of the sculpture and the money she spent to have the sculpture appraised.
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On May 1, the cash account balance was $72,600. During May, cash receipts totaled 345,600 and the May 31 balance was $95,230. Determine the cash payments made during May. whats the cash payment made during May?
Cash payments made in May were 322,970. The cash balance is the amount available. This is obtained by adding the current month's cash flow to the previous month's cash on hand.
The formula for cash balance at the end of the month is B = I + R - P. where B = balance at the end of the month. R = Receipts received during the month. P = payment for the month. So let's substitute known values and solve P B = I + R - P 95230 = 72600 + 345600 - P 95230 = 418200 - P 95230 + P = 418200 P = 322970.
The cash balance is the amount available. This is obtained by adding the current month's cash flow to the previous month's cash on hand. That is, subtract if the cash flow is negative. Having intermittent negative cash flow for a month is not a big deal. Since cash is an asset account, the normal or expected balance is the debit balance. The cash account is therefore debited to increase the balance.
A cash account is a type of custody account in which an investor must deposit the full amount of the securities purchased.
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zachary invested part of his 12500 into world oil which paid 8 interest. he invested the other part into saks power which paid 3. if he made 850 total how much was invested
Zachary invested $7,727.27 in World Oil and $4,772.73 in Saks Power.
Part invested in world oil = 12,500
Interest = 8%
Interest in Saks power = 3%
Total earnings = 850
Determining the investment amount -
Let's the amount invested in World Oil = x
Let the amount invested in Saks Power as = y.
Therefore,
Total amount invested -
x + y = 12,500 -- Eq 1
Adding the interest earned from World Oil and Saks Power:
(x x 0.08) + (y x 0.03) = 850 -- Eq 2
Substitute the first equation for the second equation:
(x x 0.08) + (y x 0.03) = 850
(x x 0.08) + (y x 0.03) = (x + y) x (0.08 + 0.03)
850 = (12,500) x 0.11
Solving for x and y by using substitution
x = (850 x 12,500) / 0.11
x = 7,727.27
Now,
y = 12,500 - x
y = 12,500 - 7,727.27
y = 4,772.73
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The acronym for the private sector organization that sets accounting standards in the United States is the? APB
AICPA
FASB
SEC
The autonomous, for-profit, private organization with its headquarters in Norwalk, Connecticut, known as the Financial Accounting Standards Board (FASB), was founded in 1973.
What does "organization" mean to you?A group of people who cooperate is known as an organization. Examples of such groups include unions, corporations, charities, and neighborhood associations. The term "organization" can be used to describe a person, a company, a group, or the process of creating something.
What exactly is a company, for instance?A club, corporation, charity, or political party are all examples of official groups of individuals. These specialty schools are primarily offered by nonprofit institutions.
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