Recording the date, the accounts you're debiting or crediting from, and a short description of the transaction itself are all parts of keeping track of all your commercial transactions, or journalizing them.
How do you Journalize and post transactions?A business transaction is journalized when it is recorded in accounting records. Maintaining records calls for commitment and knowledge, especially for accountants. Every business process is documented chronologically in a journal, commonly referred to as a Book of Original Entry.
Identifying the account as well as the type of account is the first step. Choosing whether each account increases or decreases is the second stage. The third step is to journalize the transaction. Accumulated depreciation is the entire amount of depreciation and amortisation that has been applied to an asset since it was first used.
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how is a serial entrepreneur different than a social entrepreneur?
Answer:
Serial entrepreneur and social entrepreneur difference.
Explanation:
Serial entrepreneurs are creative in their ideas and from those ideas they can create business strategies for business growth. They increase their profit by their ideas and can use that money for a new start up. Examples could be stall outside the college or schools.
They educate themselves about the opportunities around them and do educate themselves about those opportunity from which they can earn profit.
Social Entrepreneurs they are community based problem solver. They develop solutions which directly include social issues. Their focus is more into purpose. They have great business sense. Their business basically goes around the society welfare.
For example providing food for underprivileged children or provide stationery to school going students.
A serial entrepreneur is an individual who starts and manages multiple businesses in succession, while a social entrepreneur is an individual who focuses on creating social change and promoting social good.
Serial entrepreneurs are typically motivated by profits, while social entrepreneurs are driven by their mission of making a positive difference in the world.
A serial entrepreneur is an individual who starts and runs multiple businesses, often simultaneously. They are known for their ability to identify and capitalize on new business opportunities, and they typically have a strong focus on profit and financial success. In contrast, a social entrepreneur is an individual who starts and runs a business with the primary goal of addressing a social or environmental problem.
While they may still generate profits, their main focus is on creating positive change and making a difference in the world.
Both types of entrepreneurs are important and play important roles in the business world, but they have different motivations and approaches to entrepreneurship. A serial entrepreneur is focused on building successful businesses and generating profits, while a social entrepreneur is focused on creating positive social or environmental impact.
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a department adds all the direct materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. for the month of january, there were no units in the beginning work in process inventory; 90,000 units were started into production; and there were 20,000 units that were 40% complete with respect to conversion in work in process ending inventory at the end of january. what were the equivalent units of production for materials for the month of january? 70,000 equivalent units 82,000 equivalent units 98,000 equivalent units 90,000 equivalent units
We must take into account the units begun and the units in finishing work in progress inventory in order to determine the equivalent units of production for materials. We do not need to take any direct materials
Direct materials are the components or raw materials utilised to make a product. These components are necessary for the manufacturing process and may be directly linked to the final product. Steel, wood, plastic, and other materials that are turned into a finished product are examples of direct materials. A company's overall cost of products sold may include a sizable amount of direct materials, and effective management of these components is essential to sustaining profitability. An essential component of efficient direct materials management is inventory control. Other essential components include sourcing and pricing negotiation. Maintaining a smooth manufacturing process depends on maintaining a stable supply chain, preventing material shortages, and reducing waste
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an ohio state court can exercise jurisdiction over endurance insurance corporation, an out-of-state defendant, but the defendant must have
An Ohio state court can exercise jurisdiction over endurance insurance corporation, an out-of-state defendant, but the defendant must have minimum contacts with the state.
A long-arm legislation is a law that empowers a court to exercise personal jurisdiction over an out-of-state defendant based on specified acts done by the defendant, provided the defendant has a sufficient relationship with the state. A state court does not have jurisdiction over all property located within the state's borders. In certain circumstances, long-arm legislation allow courts to exercise jurisdiction over parties in other states.
State non-judicial organizations are not prohibited from exerting state judicial power. When a state tribunal professes to exercise judicial jurisdiction in a subject falling under one of the classifications listed in sections 75 and 76 of the Constitution, complexity develops.
The complete question is:
An Ohio state court can exercise jurisdiction over Endurance Insurance Corporation, an out-of-state defendant, but the defendant must have
a. minimum contacts with the state.b. maximum contacts with the state.c. legitimate contacts with the state.d. legal contacts with the state.To learn more about jurisdiction over endurance insurance corporation, here
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south shore construction builds permanent docks and seawalls along the southern shore of long island, new york. although the firm has been in business for only five years, revenue has increased from $308,000 in the first year of operation to $1,084,000 in the most recent year. the following data show the quarterly sales revenue in thousands of dollars: what type of pattern exists in the data?
According to the data, the Horizontal pattern, with seasonality type of trend pattern exists in the data. The correct option is (5).
What do you mean by trend pattern?The general movement of a price over time is known as a trend. When a group of data exhibits a recognizable pattern, analysts look for that pattern in the current data.
When data values oscillate around a fixed mean, a level or horizontal pattern results. The simplest and most predictable pattern is this one. An illustration would be product sales that remain constant over time.
Therefore, according to the data, the Horizontal pattern, with seasonality type of trend pattern exists in the data.
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This is an incomplete question, the complete question is:
south shore construction builds permanent docks and seawalls along the southern shore of long island, new York. although the firm has been in business for only five years, revenue has increased from $308,000 in the first year of operation to $1,084,000 in the most recent year. the following data show the quarterly sales revenue in thousands of dollars:
what type of pattern exists in the data?
Positive trend pattern, no seasonality Horizontal pattern, no seasonality Negative trend pattern, no seasonality Positive trend pattern, with seasonality Horizontal pattern, with seasonality Negative trend pattern, with seasonalityThe data of image is also attached:
a group of college students start a dog-walking service. at the end of the first month, they meet to discuss their business performance. which statement reveals sound economic thinking in their analysis?
Some college students launch a dog-walking business We must include in the money we may have made by working a few extra hours in addition to our costs.
Employees who work full-time typically receive better benefits and long-term contracts than those who work part-time. Workers might have access to paid time off, vacation days, healthcare benefits provided by the company, and employer-matched retirement plans.
An employee's schedule may be changed by their employer from full-time to part-time at any moment and for any cause. But the majority of states mandate that companies provide workers some kind of advance notice if switching from full-time to part-time status means losing pay.
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The mercantilist doctrine promoted government intervention in order to achieve a) global product consistency. b) a decrease in factor endowments. c) more stable commodities. d) a surplus in the balance of trade. e) higher prices on exported goods.
The goal of mercantilism, a type of economic nationalism, was to increase a country's economy and power by limiting commerce.
What is the definition of "mercantilism"?
Through economic nationalism, mercantilism seeks to establish a strong and rich state. Adam Smith coined the term "mercantile system" to describe the political economy that sought to benefit the country by limiting imports and increasing exports. Mercantilism's central principle is that trade must be increased in order to boost exports, which must then enhance wealth and power. It was an economics axiom. It was a form of economics employed by European colonial powers. Therefore, these practises frequently caused war and aided colonial expansion.
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when conducting a swot analysis, industry analysis is primarily concerned with a corporation's: question 4 options: economic environment. societal environment. task environment. internal environment. sociocultural environment.
(a) Economic Environment When conducting a SWOT analysis, industry analysis primarily refers to a corporation.
As such, organizations operate in different external environments and are internally organized and structured to meet both external and internal requirements. An environmental analysis is a strategic technique used to identify all internal and external factors that could affect the success of a business. Situational strengths and weaknesses, as well as opportunities and threats.Organizational environment denotes internal and external environmental factors that influence organizational activities and decision making. It also helps to foresee where the organization will be in the future. PESTLE analysis consists of several factors that affect the business environment. Strategic planning helps the organization to control changes in its internal and external environment and adjust its activities accordingly.
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you earn a salary of $105,000 from your current employer and have taxable income of $80,000. you have gotten a job offer from a rival company, offering to pay you $120,000. using the tax brackets in the table below and assume all else stays the same. (round to the nearest dollar, if necessary) table: 2020 federal income tax brackets tax rate taxable income bracket tax owed 10% $0 to $9,875 10% of taxable income 12% $9,876 to $40,125 $987.50 plus 12% of the amount over $9,875 22% $40,126 to $85,525 $4,617.50 plus 22% of the amount over $40,125 24% $85,526 to $163,300 $14,605.50 plus 24% of the amount over $85,525 32% $163,301 to $207,350 $33,271.50 plus 32% of the amount over $163,300 35% $207,351 to $518,400 $47,367.50 plus 35% of the amount over $207,350 37% $518,401 or more $156,235 plus 37% of the amount over $518,400 (use commas when entering your answer) a. what will be your federal income tax obligation if you take the new job? $ b, what will be your new income, after taxes? $ c. what is your increase in after-tax income, with the new job? $
We must first identify which tax band the taxable income is in in order to compute the federal income tax due under each scenario.
How can it be explained in detail?The tax due for the present work with an income of $80,000 is determined as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($80,000 - $40,125) × 22% = $8,163.50
$987.50 + $3,630 + $8,163.50 = $12,781 in total tax is due.
The taxable income will be greater for the new employment with the $120,000 compensation. Calculating the tax due is as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($85,525 - $40,125) × 22% = $10,577.50 \s($120,000 - $85,525) × 24% = $8,094
$987.50 + $3,630 + $10,577.50 + $8,094 = $23,289 in total tax is owed.
Thus, the new job's federal income tax due would be $23, 289 dollars.
The tax liability is subtracted from the pay to determine the new income after taxes:
$120,000 - $23,289 = $96,711
Hence, $96,711 would be the new income following taxes.
The increase in after-tax income due to the new employment is determined by deducting the prior after-tax income from the present after-tax income as follows:
$96,711 - $67,219 = $29,492
Thus, the additional after-tax income from the new position would be $29,492.
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using cash break-even analysis, what is deducted from fixed costs to arrive at the break-even point?
In cash break-even analysis, variable costs are deducted from fixed costs to arrive at the break-even point.
In cash break-even analysis, fixed costs are deducted from total revenues to arrive at the contribution margin, which is the amount that covers variable costs and contributes to profit. The contribution margin is then divided into fixed costs to determine the break-even point, which is the level of sales at which the business neither earns a profit nor incurs a loss. By deducting fixed costs from the contribution margin, cash break-even analysis takes into account the cash flow impact of sales on the business. It allows the business to determine the minimum amount of cash needed to cover fixed costs and keep the business afloat.
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according to economist hernando de soto, the key issue in the relationship between capitalism and property rights is the inability of owners to
According to economist hernando de soto, the key issue in the relationship between capitalism and property rights is the inability of owners to establish legal title on the property they own .
What is the study of economics?
Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
Who or what is an economist?
An economist is a specialist who researches how a society's resources and its output or production are related. Economists research all facets of society, from little local groups to entire countries and even the global economy.
By gathering and analyzing data, looking into trends, and assessing economic concerns, economists investigate the production and distribution of resources, goods, and services.
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talib works for a gaming site that gets 90% of its revenues from in-game micro-purchases. he keeps the network functioning smoothly so millions of users can make these transactions seamlessly. using a data dashboard, he monitors how many in-game transactions occur at any given time. why does this big data scenario mainly involve the v dimension of volume
Talib's work mainly involves the aspects of big data, which are volume and velocity. This big data scenario mainly involves the velocity dimension of volume as Talib is monitoring data from millions of user transactions at any given time.
What is Big data analytics?Big data analytics is the process of identifying trends, patterns, and correlations in massive amounts of unprocessed data in order to support data-informed decision-making. For analytics, large-scale data access and storage have been used for a very long time. In essence, it is a data processing tool that addresses the issue with earlier programs' slow ability to process massive volumes of data.
Big data analytics hence includes the act of spotting patterns, trends, and correlations in vast quantities of unprocessed data to support data-driven decision-making. With the use of more modern technologies, these procedures apply well-known statistical analysis methods, such as clustering and regression, to larger datasets.
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A _____ centralizes its management and other decisions in the home country.A) global companyB) glocal companyC) multidomestic corporationD) transnational organizationE) borderless organization
A multidomestic corporation centralizes its management and other decisions in the home country.
A multidomestic corporation is a type of multinational corporation that operates in multiple countries and customizes its products, services, and business strategies to meet the specific needs and preferences of each local market. In other words, a multidomestic corporation decentralizes its operations and decision-making authority to its subsidiaries in each country, allowing them to adapt to the local environment and culture. This approach allows the corporation to be more responsive to local market conditions and gain a competitive advantage over companies that use a standardized global approach. However, it can also lead to inefficiencies and duplication of effort across different markets.
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true or false: the amount of a long-term note that is due within a year or operating cycle, if shorter than a year, is presented as a current liability in the balance sheet
False, The balance sheet shows a current liability for the amount of a descriptive paragraph that is due in a year or operational cycle, if less than a year.
How should liability be displayed on a balance sheet?Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, payables, mortgages, deferred income, bonds, warranties, and accumulated expenses. Assets and liabilities can be compared. All of a company's assets are listed on the left side of the balance sheet. The balance sheet lists the company's obligations and shareholders' equity on the right side. Both current and quasi (long-term) assets and liabilities are broken down into their respective categories. Liquidity, or how quickly an asset could be converted into cash, is used to rank assets. The order of liabilities is based on when they are due for payment.
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the manager of an electronics store gives her staff the authority to resolve customer complaints. she lets the staff decide whether to issue refunds or replace merchandise in case of consumer grievances. which job design technique is the manager implementing in her store?
The store manager is applying a job enrichment design strategy. The appropriate choice is b).
What does the word "customer" actually mean?Client definition An individual or company that purchases products or services from that other company is known as a customer. Customers are crucial since they generate revenue. With colleagues, companies can not keep going.
What kind of consumer are they?Impulse buyers: People who buy things on the spur of the moment without having their eyes set on a certain item. Discount consumers are those who often shop but largely rely on sales to make purchases. Customers who are motivated by a need to purchase a certain item.
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The Complete Question :
Charlotte, the manager of an electronics store in Ohio, gives her staff the authority to resolve customer complaints. She lets the staff decide whether to issue refunds or replace merchandise in case of consumer grievances. Which job design technique is Charlotte implementing in her store.
a. Job evaluation
b. Job enrichment
c. Job sharing
d. Job extension
e. Job rotation
an inflation-indexed bond issued by the u.s. treasury has current face amount of $1,000 and 2% yearly coupons. if there are three years until maturity and inflation rates are 3%, 3.5%, and 3% over the next three years, what will be the yearly coupon payment after three years?
The yearly coupon payment after three years will be $27.70, $30.45, and $27.70 for years 1, 2, and 3, respectively.
To calculate the yearly coupon payment after three years, we need to first adjust the face value and coupon rate for inflation in each year. The adjusted face value of the bond after three years can be calculated as:
Adjusted Face Value = Face Value * (1 + Inflation Rate Year 1) * (1 + Inflation Rate Year 2) * (1 + Inflation Rate Year 3)
Adjusted Face Value = $1,000 * (1 + 0.03) * (1 + 0.035) * (1 + 0.03)
Adjusted Face Value = $1,108.16
Next, we need to adjust the coupon rate for inflation in each year. The adjusted coupon rate for each year can be calculated as:
Adjusted Coupon Rate Year 1 = Coupon Rate + Inflation Rate Year 1
Adjusted Coupon Rate Year 1 = 2% + 3%
Adjusted Coupon Rate Year 1 = 5%
Adjusted Coupon Rate Year 2 = Coupon Rate + Inflation Rate Year 2
Adjusted Coupon Rate Year 2 = 2% + 3.5%
Adjusted Coupon Rate Year 2 = 5.5%
Adjusted Coupon Rate Year 3 = Coupon Rate + Inflation Rate Year 3
Adjusted Coupon Rate Year 3 = 2% + 3%
Adjusted Coupon Rate Year 3 = 5%
Now that we have the adjusted face value and coupon rates, we can calculate the yearly coupon payment for each of the three years using the following formula:
Yearly Coupon Payment = Adjusted Face Value * Adjusted Coupon Rate / 2
The factor of 1/2 is included because the coupon payments are semi-annual (i.e., paid every six months).
Year 1 Coupon Payment = $1,108.16 * 5% / 2 = $27.70
Year 2 Coupon Payment = $1,108.16 * 5.5% / 2 = $30.45
Year 3 Coupon Payment = $1,108.16 * 5% / 2 = $27.70
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financial instruments can transfer multiple choice neither resources nor risk between people. resources between people but not risk. both resources and risk between people. risk but not resources between people.
Financial instruments can transfer both resources and risk between people. Thus, the third option is the correct answer.
What is a financial instrument?A financial instrument is a contract that obliges one party to transfer money or shares in a company to another party in the future in exchange for something of value. The parties can be corporations, partnerships, government agencies, or individuals.
Financial instruments are assets that can be traded, or they can also be seen as packages of capital that may be traded. Most types of financial instruments provide efficient flow and transfer of capital all throughout the world’s investors.
Therefore, both resources and risk is transferred by the financial instruments.
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How can your money personality affect your ability to save?
Investors and savers may overlap in personality traits when it comes to managing household money.
What impact does your money personality have?
Money personalities influence how we behave when making financial decisions and how we spend, save, and invest. Successful people come in a variety of shapes and sizes, but one thing they all have in common is that they are aware of their own financial personalities.
Money personalities shape how we act when making financial decisions, as well as how we spend, save, and invest. Successful people come in all shapes and sizes, but they all have one thing in common: they are aware of their own financial personalities.
Therefore, Big spenders and shoppers often have similar habits, but big spenders tend not to worry about debt, and shoppers may spend more time hunting for bargains.
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project 7 is a gourmet gum and mint brand that donates to seven areas of need with every product purchased. founder, tyler merrick, decided to make and sell everyday products that people already purchase, but use those purchases to help solve everyday problems around the globe. project 7 purchases help provide malaria medications, clean drinking water, meals to those in poverty, anti-bullying programs, and other charitable efforts. tyler merrick's beliefs are based on:
1. The influence of routine purchases: According to Tyler Merrick, every purchase we make has the potential to improve the world. Customers can contribute a little amount to the world's problems.
2. Giving back to those in need: Project 7's creator is committed to helping those who are in need both locally and internationally.
3. Project 7 is assisting in solving some of the most important issues facing the globe and improving the quality of life for all people by harnessing the power of consumerism for good.
4. Making a difference with modest deeds: Tyler Merrick is aware that modest deeds may have a significant impact and wants to inspire others to follow suit. Customers may help the world become a better place and address global issues one purchase at a time by purchasing Project 7 products.
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derek was the primary decision maker when it came to automotive purchases in his household, but asked for and considered feedback from his wife and children when they went to purchase a new car. derek's approach makes the car purchase an example of a(n) .
When it came to purchasing a new automobile, Derek's wife and kids provided input that he took into consideration. However, he was the household's key decision-maker when it came to transportation.
is married to Jonas, and ever since their union, Harriet has been in charge of grocery shopping?Since Harriet and Jonas got married, she has been in charge of making weekly grocery and toiletry purchases. Jonas has never had any complaints about Harriet's performance of this duty. A(n): A(n): wife-dominant decision would be this arrangement.
One that expresses a person's sense of identification with or belonging to others is known as what?An individual's understanding of their social identity is referred to as their certain social groups, together with some emotional and valuational significance of that group membership.
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he returns of a stock in the past 3 years are 12 20 and 25 respectively the geometric average return of this stock during this period was question 1 options a 8.42 b 11.08 c 9.70 d 10.08
To calculate the geometric average return of a stock, we need to multiply the returns for each year and then take the nth root, where n is the number of years. In this case, we have three years of returns, so we multiply them together and then take the cube root.
So, the geometric average return for the past three years of this stock is: (1 + 0.12) * (1 + 0.20) * (1 + 0.25) = 1.612 Cube root of 1.612 = 1.1077 Therefore, the geometric average return of this stock during this period is approximately 10.77%. The closest answer option to this value is option D: 10.08, which is only slightly off from the true value. Option A, B, and C are all too far from the actual result. In summary, the geometric average return of a stock is calculated by multiplying the returns for each year and then taking the nth root, where n is the number of years. In this case, the geometric average return of the stock for the past three years was approximately 10.77%.
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when dividends increase with all else remaining the same, which of the following is true? a) both calls and puts increase in value b) both calls and puts decrease in value c) calls increase in value while puts decrease in value d) puts increase in value while calls decrease in value
The true statement was, When dividends increase with all else remaining the same, puts increase in value while calls decrease in value.
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
As whenever the dividends increase all else remains the same, as there are dividends are there in the life option which reduces the final stock price. as a result whenever dividends increase cause of puts will be increased in value.
Therefore, The right option (D) is correct.
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what is the aim of producing good and services for firms in: a market economy
Answer:
In a market economy, the primary aim of producing goods and services is to make a profit. Firms compete with each other to sell their products to consumers, and the competition drives prices down and improves the quality of the goods and services being offered. By producing goods and services that people are willing to buy, firms can earn profits, which they can then reinvest in their operations to continue growing and improving their business.
In this type of economic system, consumers ultimately determine what goods and services are produced, as they vote with their dollars by choosing which products to buy. This results in a focus on producing what people want, rather than what is deemed important by a central authority.
Additionally, producing goods and services can also create jobs and contribute to the overall growth and development of the economy. By meeting the needs and desires of consumers, firms can help improve the standard of living for individuals and communities.
the minimum connection between a state and a business that subjects the business to the state's taxes is:
State and neighborhood governments accumulate tax revenues from three fundamental sources: income, sales, and property taxes.
What is the notion of taxation?Taxation is a term for when a taxing authority, generally a government, levies or imposes a economic responsibility on its citizens or residents. Paying taxes to governments or officers has been a mainstay of civilization seeing that ancient times.
Income of previous year is taxable in the next following assessment yr at the price or fees relevant to that evaluation year. However, there are positive exceptions to this rule. For Example, Tax in the identical Financial Year – a) Income of non-resident from transport (Sec.
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https://brainly.com/question/30157668#SPJ4What are some of the unintended effects of rent control Correct Answer(s) ctivity/? Drag appropriate answer(s) here Rent-controlled units have a high ownership More low-income residents are able to find more housing in rent-controlled cities in the long term. turnover rate. Rent-control laws incentivize the low-income units.
The amount that a property owner can charge to rent a residence or renew a lease is limited by a government programme called rent control.
What is the name of the property?
Property is something over which a person or a business has legal ownership. Intangible items having the potential for future worth, such as stock and bond certificates, as well as tangible items with current value, such as houses, cars, or appliances, can all be referred to as property.
a person's possessions; the property or belongings of a particular owner: All of their belongings were destroyed in the fire. Things that are viewed as possessions, such as property: The corporation acts as a means of distributing real estate. a piece of real estate or a tract of land: Main Street real estate.
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true or false: firms that use multiple strategies to build a sustainable competitive advantage have difficulty maintaining long-term success. true false question. true false
false, Businesses that employ a multiple strategies to create a long-lasting competitive edge have an easier time sustaining long-term success.
The process of making plans through the use of techniques that will aid organisations or enterprises in realising their stated goals and objectives is known as strategic planning. The assertion is incorrect since firms that employ strategies to develop a lasting competitive advantage find it easier to sustain long-term success. The choices and actions a firm makes to achieve its overarching objective collectively comprise its business strategy. Businesses that recognise the importance of business plans and know how to properly implement them can become global leaders in their industry.
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what name is given to the process of amassing, reviewing, and summarizing all information concerning a particular planning issue?
Situational analysis is the name given to the process of amassing, reviewing, and summarizing all information concerning a particular planning issue.
What is the equivalent phrase for situational analysis?A person or organization can use the SWOT analysis (also known as the SWOT matrix) to discover Strengths, Weaknesses, Opportunities, and Threats (SWOTs) relevant to business competition or project planning. Situational analysis or situational evaluation are other names for it.
What is an example of a situational analysis?Key data on prospective clients, the target market, and the opportunities a business should follow through a marketing plan are provided by the consumers. The section on competitors indicates a company's strengths and areas for improvement based on those of its rivals.
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serious violations of the real estate license laws typically result in which disciplinary action or actions?
Disciplinary action or license suspension or revocation for serious violations of real estate license laws are typical.
What’s the Difference Between a Suspended and Revoked License?The "points" system for obtaining a driver's license in North Carolina will soon become familiar to drivers who have received a few tickets or been in a car accident. You will begin to hear about either a license suspension or revocation if you have multiple driving violations. Reckless or irresponsible driving results in either of these penalties.
When your license is suspended, you lose your right to drive for a short time. If you meet certain conditions, you might be able to get your license back.
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A company uses a periodic inventory system and during the december 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory. Prepare the necessary adjusting entry
Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. No journal entry required.
What does the periodic inventory system entail?A periodic inventory system is a type of inventory valuation where the inventory account is updated at the conclusion of each accounting period as opposed to after each sale and purchase. The technique enables a business to monitor its starting inventory and ending inventory throughout the course of an accounting cycle.
Why is the periodic inventory approach used?Smaller companies with little inventory holdings are best suited for a periodic inventory method. A physical inventory count is simple to complete for these companies. Estimating the cost of things sold over predetermined time periods is likewise much easier.
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A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory.
Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
what is the present value of your trust fund if you have projected that it will provide you with $50,000 7 years from today and it earns 10% compounded annually?
Present value (PV) is the current value of a future sum of money, taking into account the time value of money and the potential earning power of invested funds.
To calculate the present value of the trust fund, we can use the formula for present value of a future amount:
Present Value = Future Value / (1 + r)^n
Where:
r = the annual interest rate (in decimal form)
n = the number of years
^ = exponent symbol
In this case, the future value is $50,000, the number of years is 7, and the interest rate is 10% compounded annually. First, we need to convert the interest rate to a decimal form and calculate the factor (1 + r)^n:
r = 10% = 0.1
(1 + r)^n = (1 + 0.1)^7 = 1.948717
Next, we can plug in the values into the formula:
Present Value = $50,000 / 1.948717
Present Value = $25,633.02
Therefore, the present value of the trust fund is approximately $25,633.02 if it will provide $50,000 in 7 years and earns 10% compounded annually.
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what would happen to optimum population size from the point of view of sauvy's economic optimum if overhead (e.g., tribute paid to outsiders) were increased?
If the overhead were to increase, the optimal population size would decrease from the point of view of Sauva's economic optimum. Additionally, overhead costs can be considered a kind of tax that would further reduce the amount of resources available to the population.
An increase in overhead would lead to a reduction in the amount of resources available to the population, which would make it more difficult for the population to maintain a sustainable level of economic growth. With fewer resources available, the population would have to decrease to maintain the same level of economic growth. Consequently, the optimal population size would decrease in response to an increase in overhead.
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