For every dollar of direct labor cost, Merrick applies $2 of overhead cost. Without additional information, we cannot determine the actual predetermined overhead rate.
To calculate the predetermined overhead rate for Merrick Company, we need to use the following formula:
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total amount of the allocation base
In this case, the allocation base is direct labor cost. We are given the actual overhead cost for one job (C628), as well as the actual direct materials and direct labor costs for the same job.
We can use this information to calculate the overhead rate as follows:
Actual overhead cost = $17,360
Actual direct labor cost = $8,680
Overhead rate = Actual overhead cost / Actual direct labor cost
Overhead rate = $17,360 / $8,680
Overhead rate = 2
This means that for every dollar of direct labor cost, Merrick applies $2 of overhead cost. However, to determine the actual predetermined overhead rate for the year, we need to estimate the total manufacturing overhead cost for the year and divide it by the estimated total amount of direct labor cost for the year. Without additional information, we cannot determine the actual predetermined overhead rate.
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a purchase allowance can be described as: multiple choice question. the reduction in the sales price of an item because of the quantity purchased the implied interest paid when not taking advantage of a purchase discount a reduction in the cost of defective or unacceptable merchandise that a buyer acquires a discount given by the seller of merchandise for early payment
A purchase allowance can be described as a reduction in the cost of defective or unacceptable merchandise that a buyer acquires. Thus, option (c) is correct.
What is purchase allowance?The term purchase allowance refers to the purchase in the bulk of the goods. A seller of the offered a reduction in the list price to the manufacturer or distributor.
According to the purchase allowance cost of defective to the large quantity of the purchased the goods. A seller was the offer to the merchandise and the distributor. It was the pay the amount on the 10 days is the discount 2% and the extent of the days are no discount.
As a result, the significance of the purchase allowance are the aforementioned.
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if a promotion eligibility list is rank ordered, how are the candidates typically ranked? chief, captain, lieutenant a, b, c, etc. promotable 1, 2, 3, etc.
When a promotion eligibility list is rank ordered, the candidates are typically ranked based on their scores from a promotion examination or assessment from top to bottom such as promotable 1, 2, 3, etc.
Based on the promotion eligibility list where the list is rank ordered, the candidates with the highest scores are placed at the top of the list, followed by those with lower scores in descending order. The ranking is used to determine the order in which candidates will be considered for promotion.
For example, if the list includes ranks such as "promotable 1," "promotable 2," and "promotable 3," the candidate with the highest score will be ranked as "promotable 1," the candidate with the second highest score will be ranked as "promotable 2," and so on.
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under finra rules, if a member suspects that a senior citizen is being financially exploited: a a freeze can be placed on all disbursements from the account for up to 10 business days b a freeze can be placed for up to 10 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements c a freeze can be placed on all disbursements from the account for up to 30 business days d a freeze can be placed for up to 55 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements
Option A is the closest answer; a freeze can be placed on all account disbursements for up to 10 business days.(generally it takes 15 business days).
Under FINRA (Financial Industry Regulatory Authority) rules, if a member suspects that a senior citizen is being financially exploited, they can place a temporary hold on disbursements from the account for up to 15 business days, but only if certain conditions are met. These conditions include:
1) The member must have a reasonable belief that the senior is being financially exploited, based on the facts and circumstances known at the time.
2) The member must notify all parties authorized to transact business on the account, as well as the trusted contact person (if any), of the temporary hold within two business days.
3) The member must immediately initiate an internal review of the facts and circumstances that led to the temporary hold.
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perry is planning a vacation to europe in 2 years. how much should he invest in an account that pays 3% simple interest to get the $3500 that he needs for the trip? round to the nearest dollar.
Perry needs to invest approximately $58,333.33 to get $3500 in two years at a simple interest rate of 3%. Rounded to the nearest dollar, the answer is $58,333.
Why it is?
To calculate the amount Perry needs to invest to get $3500 in two years at a simple interest rate of 3%, we can use the formula:
Simple Interest = Principal x Interest Rate x Time
where:
Principal is the amount Perry needs to invest
Interest Rate is 3% expressed as a decimal, i.e., 0.03
Time is 2 years
Substituting the given values, we get:
3500 = Principal x 0.03 x 2
Solving for the Principal, we get:
Principal = 3500 / (0.03 x 2)
Principal = 3500 / 0.06
Principal = 58333.33
Therefore, Perry needs to invest approximately $58,333.33 to get $3500 in two years at a simple interest rate of 3%. Rounded to the nearest dollar, the answer is $58,333.
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below are amounts (in millions) from three companies' annual reports. beginning accounts receivable ending accounts receivable net sales walco $1,815 $2,762 $322,427 tarmart 6,166 6,694 67,878 costget 629 665 68,963 required: 1. calculate the receivables turnover ratio and the average collection period for walco, tarmart and costget. 2. which company appears most efficient in collecting cash from sales?
The receivables turnover ratio and the average collection period for wilco, term art, and cost get is 140.89, 10.56, and 106.59.
Tarmart company appears most efficient in collecting cash from sales.
Avrege Accounts receivable = Beginning Accounts recievable + Ending Accounts recievable /2
Walco = (1815+2762) /2 = 2288.5
Tarmart = (6166+6694) /2 = 6430
Cost Gel = (629+665) /2 = 647
Accounts receivable turnover ratio
Company Net sales /Average Accounts receivable = Receivable Turnover ratio
Walco 322427 / 2288.50 =140.89
Tarmart 67878 / 6430 =10.56
Costgel 68963 / 647 =106.59
Average Collection period
Company Number of days/Accounts receivable turnover = Average collection period
Walco 365/140.89 =2.59 days
Tarmart 365 /10.56 =34.56 days
Costgel 365 /106.59 =3.42 days
An account is a particular report inside an employer's financial ledger or balance sheet. Accountants, finance experts, and bookkeepers can use debts to report important financial records, like reporting day-by-day transactions to confirm the exact amount of money an organization has at any moment.
In accounting, an account is a document within the famous ledger this is used to kind and maintain transactions. as an example, groups may additionally have an account of a coin wherein to file every transaction so one can increase or decreases the business enterprise's cash. fundamental accounting ideas used in commercial organizations globally cover income, charges, belongings, and liabilities. the one's elements are tracked and recorded in documents which encompass stability sheets, income statements, and cash glide statements.
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which economic goals are emphasized in a modern command economy?
In a modern command economy, the economic goals that are emphasized typically include:
Equality: The command economy seeks to distribute resources and wealth equally among all members of society, reducing income and wealth inequality.
Stability: The command economy aims to maintain stability in the economy, including stable prices, full employment, and steady economic growth.
Self-sufficiency: The command economy seeks to reduce reliance on foreign trade and promote domestic production of goods and services.
Social welfare: The command economy aims to provide social services and benefits to all members of society, including education, healthcare, and housing.
National security: The command economy prioritizes national security and defense, ensuring that the country has a strong military and infrastructure to protect itself.
What is modern command economy?
A modern command economy is an economic system in which the government or state plays a central role in planning and directing economic activity.
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list five types of events that use marketing?
Events that use marketing to promote and induce interest. Five types of events that heavily calculate on marketing include product launches, trade shows, charitable events, conferences, and carnivals.
For product launches, marketing is essential to the success of a new product launch, and companies use colorful marketing channels to promote the product and produce buzz around its release. Trade shows bear effective marketing to drive business to the cell and induce leads. Charitable events and conferences use targeted marketing juggernauts to inspire people to attend and contribute.
carnivals calculate on marketing to promote attendance and participation, with influencer marketing and social media used to make excitement leading up to the event.
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what is the present value of the following? a. $8,200 in 12 years at 8 percent? (do not round intermediate calculations. round your final answer to 2 decimal places.) b. $18,500 in 7 years at 11 percent? (do not round intermediate calculations. round your final answer to 2 decimal places.) c. $28,000 in 16 years at 9 percent? (do not round intermediate calculations. round your final answer to 2 decimal places.)
The present value of the following is $3256.33, $8910.68, and $7052.35.
The present value formula is PV=FV/(1+i)n, where you divide the future value FV by a factor of 1 + I for each period between present and future dates
a) $8,200 in 12 years at 8 percent
PV = $8200/(1+0.08)12
=$3256.33
B)$18,500 in 7 years at 11 percent
PV = $18500/(1+0.11)7
= $8910.68
C) $28,000 in 16 years at 9 percent
PV = $28000/(1+0.16)9
= $7052.35
Gift cost (PV) is the present-day fee of a destiny amount of money or circulation of coins flows given a precise charge of return. destiny coins flows are discounted at the discount fee, and the higher the cut price charge, the lower the present fee of the destiny coins flows. A greenback today is worth more than a dollar the following day due to the fact the dollar may be invested and earn a day's worth of hobby, making the full gather to a cost greater than a greenback by using the next day.
In economics and finance, gift fee (PV), also referred to as gift discounted cost, is the cost of an expected income circulate decided as of the date of valuation. the existing cost is normally less than the future price because money has interest-incomes capability, a feature called the time cost of money, except at some stage in times of 0- or poor hobby rates, whilst the present fee can be the same or more than the future value. The initial quantity of borrowed budget (the prevailing price) is less than the full sum of money paid to the lender.
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The budget for a project on voting trends includes $3200 for hiring undergraduate students, graduate students, and faculty members to conduct interviews on the day before an election. Each undergraduate student will conduct 30 interviews for $100. Each graduate student will conduct 32 interviews for $150. Each faculty member will conduct 33 interviews for $200. No more than 20 interviewers can be hired. How many of each type of interviewer should be hired in order to maximize the number of interviews? What is the maximum number of interviews?
A)___undergraduate students, __ graduate students, and___ faculty members should be hired to maximize the number of interviews
A) 4 undergraduate students, 16 graduate students, and 0 faculty members should be hired to maximize the number of interviews.
What does the term "budget" mean?In a budget, planned expenses are expressed together with suggestions for how to fund them. A budget might show a surplus of resources for later use or a deficit if expenses are greater than income and other resources.
The budget of a government is a summary or plan of the anticipated resources (often but not always from taxes) and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, and the cash or cash flow budget.
Let xi stand in for the professor, graduate, and undergraduate students.
a lengthy interview
[tex]\mathrm{P = 18x_1+25x_2+30x_3}[/tex]
Subject to
[tex]\mathrm{x_1 +x_2 +x_3\le 20}[/tex]
[tex]\mathrm{100x_1+150x_2+200x_3 \le 3200}[/tex]
[tex]\mathrm{x_1 ,x_2 ,x_3\ge 0}[/tex]
[tex]\mathrm{P_{max} = 520 , x_1 = 0 , x_2 = 16 , x_3 = 4}[/tex]
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polk co. acquires a forklift from quest co. for $30,000. the terms require polk to pay $3,000 down and finance the remaining $27,000. on march 1, year 1, polk pays the $3,000 down and accepted delivery of the forklift. polk signed a note that requires polk to pay principal payments of $1,000 per month for 27 months beginning july 1, year 1. what amount should polk report as an investing activity in the statement of cash flows for the year ended december 31, year 1? $30,000 $12,000 $9,000 $3,000
In the statement of cash flows for the fiscal year that ended on December 31, Year 1, Polk should note a $3,000 investment activity.
The $3,000 down payment is the company's investment in the forklift and symbolises Polk's financial outflow. For the year ending December 31, Year 1, the $27,000 borrowed amount is not regarded as a cash outflow because it is a liability that will be paid back over time. Therefore, in the statement of cash flows for the year ended December 31, Year 1, only the $3,000 down payment should be listed as an investing activity. The entrance and outflow of cash in a business's or an individual's financial activity is referred to as cash flow. It is a crucial indicator of a company's financial health and aids in determining its capacity to produce positive cash flows and settle its debts.
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the extent to which a change in price causes a change in the quantity demanded
The extent to which a change in price causes a change in the quantity demanded is known as price elasticity of demand.
Price elasticity of demand measures the responsiveness of quantity demanded to a change in price, and is expressed as a percentage change in quantity demanded divided by a percentage change in price.
If a small change in price causes a relatively large change in quantity demanded, then demand is said to be elastic. This means that consumers are sensitive to changes in price, and that a change in price will result in a larger change in the quantity demanded. On the other hand, if a change in price causes only a small change in quantity demanded, then demand is said to be inelastic. This means that consumers are relatively insensitive to changes in price, and that a change in price will result in a smaller change in the quantity demanded.
The degree of price elasticity of demand can vary depending on various factors such as the availability of substitutes, the proportion of income spent on the good, and the time period considered. If there are many substitutes available for a good, consumers are more likely to switch to another good if the price of the original good increases, and so demand is likely to be more elastic.
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wagner company's financial records show that it has a mortgage that requires monthly principal payments of $3,000. the mortgage loan matures in 15 years. what should wagner show on its balance sheet at the end of the current year? (select all that apply.)
The Current Liabilities are $36,000 and the Non-Current Liabilities are $504,000. Wagner company is expected to show the relevant calculations of the Mortgage in both its current and non-current liability.
Step 1: Calculations for Current Liabilities
Monthly Principal Payments = $3000
Yearly payments = $3,000 x 12 months = $36,000
According to this calculation, the $36,000 in mortgage principal that is due during the current year will appear on Wagner's current liability (which displays liabilities due within 12 months).
Step 2: Calculations for Non-Current Liabilities
Yearly Payment = $36,000
Payment for 15 years= $36,000 x 15 = $540,000
however, since the current year liability is already showing $36,000
The Long term Liability of Wagner will show:
$540,000- $36,000 = $504,000
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corrine is a licensee who works for melissa, whose license was just suspended. what brokerage activities may corrine still perform?
Working for Melissa, whose license was recently suspended, is Corrine, a licensee. What brokerage tasks is Corrine still capable of performing? She is not allowed to engage in brokerage activity.
What is the synonym of performing?
Melissa, whose license was just suspended, employs Corrine, a licensee. What brokerage tasks still remain available for Corrine to complete? She's prohibited from engaging in any brokerage operations.
The verb "perform" has a number of popular synonyms, including "accomplish," "achieve," "discharge," "effect," and "execute." While all of these verbs indicate "to carry out or to put into effect," perform suggests activity that adheres to established patterns or processes or meets predetermined conditions and frequently connotes particular competence. gymnastics performed noun. noun. /prfrmns/ 1[countable] the act of putting on a play, concert, or other type of entertainment Beginning at seven, the show will begin.
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a stock index has a value of 4,413, an anticipated dividend of $58, and a risk-free rate of 1.5%. what should be the value of one futures contract on the index?
The value of one futures contract on the index should be 4,522.95. This is calculated by adding the index value (4,413) to the anticipated dividend (58) and multiplying this sum by the risk-free rate (1.5%). (4,413 + 58) x 1.5% = 4,522.95.
A futures contract's price is typically higher and tracks the price of the underlying asset, in this case equities. For instance: One Reliance Industries futures contract costs Rs 2,186. One State Bank of India futures contract costs Rs. 386.75. The true worth of your position is its contract value. Value at the beginning. When a futures contract is first purchased, it has no value for the buyer (the party holding the long position), and its value at expiration is equal to the difference between the associated spot rate on the expiration date and the futures price, which is the price at which the futures contract was purchased. V T = S T − F 0.
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How does larceny differ from embezzlement? Choose 2 answer choices. Violence is used. The intent could include taking the property temporarily. It requires that the property is entrusted to the perpetrator. The property can include non-physical assets. Clarence sneaks into his neighbor's yard and takes a bike to sell for cash.
The taking of another person's property without using force is referred to as larceny and is what most people consider to be common theft.
What is meant by the word "property"?
The word "property" refers to an item of legal rights that includes goods or wealth as a whole and often has a strong individual ownership connotation. The phrase in law refers to the complex of legal relationships that exist between and among individuals with regard to objects. In economics and political economy, there are three main categories of property: private property, public property, and communal property (also called cooperative property). Intangible assets are those that solely have potential or present value and have no inherent value of their own.
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according to the law of demand, a demand curve multiple choice has a positive slope. is a horizontal or flat line. exceeds the economy's ability to produce. has a negative slope.
The demand law states that a demand curve has a downward slope.The demand law states that a demand curve with several choices has a positive slope, according the law of
The inverse connection between the cost of a commodity or service and the amount of that good or service that customers are willing and able to buy is described by the law of demand, a fundamental economics principle. This connection says that, on the one hand, the quantity demanded of an item or service would drop as its price rises, and on the other hand, the quantity demanded of a good or service will grow as its price lowers. According to the rule of demand, when costs increase, customers will seek out alternatives or lower their overall consumption, and when prices decrease, consumers are more inclined to purchase more of a particular good or service.
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what explicit tax rate would keep orlando indifferent between purchasing a municipal bond with a 4.0 percent return and a taxable bond with a 5.5 percent before-tax return?
Explicit tax rate of 27.3 % would keep Orlando indifferent between purchasing a municipal bond with a 4.0 percent return and a taxable bond with a 5.5 percent before-tax return.
Requirement 1-
0.055 * (1 - Tax Rate%) = 0.04
1 - Tax % = 0.04 / 0.055
1 - Tax % = 0.727
Let Tax % is X
1 - 0.727 = Tax %
0.273 = Tax %
Tax = 27.3 %
Tax compliance refers to individual policies and behavioral measures to ensure that taxpayers pay the right amount of tax at the right time and benefit from appropriate preferential and reimbursement policies. A tax is a compulsory fiscal levy or other tax imposed on taxpayers by government agencies to fund government and other government spending. Late payments, tax evasion, and other forms of tax resistance are prohibited and subject to legal penalties.
Hence the correct option is B
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The above question is incomplete, the complete question is-
What explicit tax rate would keep Orlando indifferent between purchasing a municipal bond with a 4.0 percent return and a taxable bond with a 5.5 percent before-tax return? Multiple Choice
A. 25.0%
B. 27.3%
C. 31.2%
D. 33.5%
supply is group of answer choices the amount of some good or service a producer is willing to supply at a single price. none of the above. the set of all combinations of price and quantity demanded. the amount of some good or service a producer is willing to supply at each price
Optin b & c: the amount of some good or service a producer is willing to supply at a single price and the amount of some good or service a producer is willing to supply at each/every price.
Supply is an economist term used to refer to the amount of a good or service that a producer is willing to spend at a particular price or price range.
Delivery is made in accordance with the shipping law regarding prices.
At a particular price, a manufacturer may be willing to offer a particular product or service. Alternatively, if different materials are involved, the manufacturer may be willing to quote a single price for all items listed.
Supply is a fundamental economic concept that describes the total amount of a particular good or service available to consumers. Supply can refer to the quantity available at a particular price or the quantity available across the price range displayed on the chart.
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Complete question:
Supply is
(A) the set of all combinations of price and quantity demanded.
(B) the amount of some good or service a producer is willing to supply at a single price.
(C) the amount of some good or service a producer is willing to supply at each price
d: none of the above.
Use the Internet to research the Robinson-Patman Act and list 3 forms of discrimination this legislation prevents.
The Robinson-Patman Act, officially known as the Anti-Price Discrimination Act of 1936 and passed in the United States in 1936, forbids large franchised
The 3 forms of discrimination this legislation prevents are: pricing, promotional allowances, and advertising by large franchised companies.
What was Robinson-Patman Act?The Robinson-Patman Act image lists three types of discrimination that it forbids. An antitrust statute passed in the United States in 1936 called the Robinson-Patman Act (RPA) forbids large chains and franchises from discriminating against small firms on the basis of pricing.
A federal statute known as the Robinson-Patman Act was created in 1936 to safeguard small firms from unfair competition. It forbids big businesses from giving exclusive discounts to some clients that are not extended to all clients. Additionally, the legislation forbids businesses from using specific forms of price discrimination.
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The discrimination that Robinson-Patman Act legislation prevents includes on:
pricing,promotional allowances, advertising What was the Robinson-Patman Act?Robinson-Patman Act, also known as Anti-Price Discrimination Act, is a United States law enacted in 1936 that protects small businesses from being driven out of the market by prohibiting pricing, promotional allowances, and advertising discrimination by large franchised companies.
The Robinson-Patman Act also seeks to protect wholesalers from exclusion from the purchasing chain. Wholesalers are opposed to such franchises buying products directly from manufacturers. The Robinson-Patman Act is part of the Clayton Act of 1914's antitrust legislation.
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based upon the annual returns history since 1926, which asset category has (on average) yielded the highest risk premium? group of answer choices large-company stocks us government bonds small-company stocks corporate bonds
Correct option is C, Small company stocks had the highest average return for the period 1926-2013, Stocks of smaller companies made up 16.9%.
What different stock types are there?Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
The following classifications may apply to both common and preferred stocks:
Earnings growth in growth stocks is higher than market growth. Investors purchase them in the hopes of capital growth because they hardly ever pay dividends. A technology start-up is probably going to be a growth stock.
Income stocks routinely provide dividends. For the income they produce, investors purchase them. A well-known utility firm is probably an income stock.
Value stocks are less expensive to purchase than equities with a greater price-to-earnings ratio (PE ratio).
U.S. Treasury bills generated an average return of 3.5%.
Stocks of large companies were 12.1%.
Stocks of smaller companies made up 16.9%.
Corporate long-term bonds had a 6.3% yield.
The 5.9% long-term government bond rate.
Small firm stocks consequently generated the largest AR.
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Complete question -
Which one of the following categories of securities had the highest average return for the period 1926-2013?
U.S. Treasury bills
Large-company stocks
Small company stocks
Long-term corporate bonds
Long-term government bond
which of the following is not a criterion to use in forming market segments? group of answer choices e. the cost to reach the segment is exceeds its profitability. c. there are significant similarities among buyers in the market segment. b. the result of segmenting will cause an increase in market share or profit. d. there is a potential marketing action to reach the segment. a. the ability to assign buyers to a segment is cost-effective and simple.
There are significant similarities among buyers in the market segment is not a criterion to use in forming market segments.
Gas mileage can be one person's main concern when buying a new automobile, while it might be another person's need for enough space for four children. Employers often look for a number of criterion(note the plural form) in job candidates, and college admissions officers frequently keep a few fundamental criteria in mind when reviewing student applications. The applicant's vocabulary size may also be a factor that the company and admissions officer consider when interviewing a candidate!
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Preparation of a bank ______ helps maintain control of cash accounts.
Preparation of a bank reconciliation helps maintain control of cash accounts.
A bank reconciliation is the process of matching the balances in an reality's account records for a cash account to the corresponding information on a bank statement. The thing of this process is to ascertain the differences between the two, and to bespeak changes to the account records as applicable. The information on the bank statement is the bank's record of all deals impacting the reality's bank account during the once month.
A bank conciliation should be completed at regular intervals for all bank accounts, to insure that a company's cash records are correct. else, it may find that cash balances are much lower than anticipated, performing in bounced checks or overdraft freights.
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a portfolio analysis involves which of the following? multiple select question. management allocates its resources to products with the greatest potential to be profitable. management identifies and evaluates opportunities using stp. management develops the marketing mix for each sbu. management evaluates the firm's various products and businesses.
Portfolio analysis involves -
Management evaluates the firm's various products and businesses.Management allocates its resources to products with the greatest potential to be profitable.Portfolio analysis is an assessment of the parts remembered for a blend of items determined to pursue choices that are supposed to work on in general return. The term applies to the interaction that permits a chief to perceive better ways of dispensing assets determined to increment benefits. It could likewise allude to a speculation portfolio formed by protections. At the point when an organization showcases a scope of various items or administrations, it is expected to occasionally lead portfolio investigation. This means breaking down every item independently regarding productivity, commitment to the organization's pay and development potential. This investigation works with the distinguishing proof of items that are not beneficial by any stretch of the imagination or play inadequately inside the gathering.
The items are ordered by pre-characterized models, for example, deals esteem, piece of the pie, net benefit, commitment edge and life cycle. The outcomes could obviously highlight items that ought to be removed from the market or basically get fewer assets. It could likewise demonstrate that the organization should build its ventures and endeavours to some star items that have a higher potential. The examination is made to work on the worldwide portfolio's presentation since a definitive goal is boosting benefits for investors.
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Complete Question -
A portfolio analysis involve which of the following? (Select all that apply.)
Management identifies and evaluates opportunities using STP.Management evaluates the firm's various products and businesses.Management develops the marketing mix for each SBU.Management allocates its resources to products with the greatest potential to be profitable.houses are less expensive in laramie, wy than they are in calabasas, ca, ceteris paribus. in this example, purchasing power parity (ppp) does not hold. why?
Purchasing power parity (PPP) is a theory that suggests that in the long run, exchange rates should adjust to equalize the prices of goods and services in different countries.
Explain PPP in the case of laramie and calabasas?In this example, if houses are less expensive in Laramie, WY, than they are in Calabasas, CA, ceteris paribus (all other things being equal), it means that the cost of living is lower in Laramie than in Calabasas. Therefore, if PPP were to hold, we would expect the exchange rate between the US dollar and other currencies to reflect this difference in the cost of living.
However, there are many reasons why PPP may not hold in practice, even in the long run. One reason is that there are many factors that influence the cost of living, such as taxes, regulations, infrastructure, and cultural differences, that are difficult to quantify and compare across different countries. Additionally, market inefficiencies, such as transportation costs, tariffs, and non-tariff barriers, can prevent the equalization of prices across borders.
Therefore, even if houses are less expensive in Laramie, WY than they are in Calabasas, CA, ceteris paribus, it does not necessarily mean that PPP does not hold. It may simply reflect differences in the cost of living that are not fully captured by exchange rates. However, if the price differences persist over time, it could be an indication of market inefficiencies or other factors that prevent the equalization of prices.
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____ consists of raw facts, such as an employee number, number of hours worked in a week, inventory part numbers, or sales orders.
Data consists of raw facts, for example, a worker number, the number of hours worked in seven days, stock part numbers, or deals orders. A cycle is an assortment of activities done in a way that checks out and prompts a particular outcome.
Raw facts make up information, such as the number of representatives, how many hours worked every week, the part numbers in the stock, or the deals orders. Data is a gathering of realities organized such that gives them esteem.
The expression "raw" indicates that the realities have not yet been completely handled to uncover their actual importance. Different sources are utilized to obtain information. It is assembled for some purposes. Information might incorporate numbers, letters, images, and so forth.
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steve wilson wants to deposit $150 per month into an account earning 4 percent for the next 3 years, so he can purchase a used car at that time. what type of computation would he use to determine the amount he will have for his purchase? group of answer choices a) present value of a single amount b) future value of a single amount c) future value of an annuity d) present value of an annuity e) simple interest
The correct option is C. Future value of an annuity computation and the amount he will have for his purchase.
An account is a particular report inside an employer's financial ledger or balance sheet. Accountants, finance experts, and bookkeepers can use debts to report important financial records, like reporting day-by-day transactions to confirm the exact amount of money an organization has at any moment.
In accounting, an account is a document within the famous ledger this is used to kind and maintain transactions. as an example, groups may additionally have an account of a coin wherein to file every transaction so one can increase or decreases the business enterprise's cash. fundamental accounting ideas used in commercial organizations globally cover income, charges, belongings, and liabilities. the one's elements are tracked and recorded in documents which encompass stability sheets, income statements, and cash glide statements.
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how much money shoyuld be depostied annually in a bank account for ficve years if you wish to withdraw 5000 each year for three years
Assuming an interest rate of 4%, you should deposit roughly $2,997.56 per year in the bank account for five years in order to withdraw $5,000 every year for three years.
The interest rate on the account and the total amount that has to be withdrawn must be taken into account.
Assume the bank account will earn 4% interest.
$5,000 x 3 = $15,000 must be withheld over the course of three years.
We must determine the future value of the yearly deposits over five years, assuming a 4% interest rate, to make sure there is enough money in the account:
FV is equal to PMT x ((((1 + r)n-1) / r)
When solving for PMT, we obtain:
PMT is equal to FV / (((1 + r)n-1) / r)
PMT = $15,000 / (((1 + 0.04)^5 - 1) / 0.04) = $2,997.56
So, assuming an interest rate of 4%, you should deposit roughly $2,997.56 per year in the bank account for five years in order to withdraw $5,000 every year for three years.
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the initial amount deposited/invested (OR the amount borrowed on a loan)
The initial amount deposited/invested (OR the amount borrowed on a loan) principal.
What are the main and outstanding balance?The term "principal amount" refers to the first sum received in a loan or the face value of a bond. This is the initial sum borrowed, about which interest is assessed. As the debtor makes payments, the balance of the loan or bond gets smaller. The percentage of the loan or debt that has not been repaid is the outstanding amount. This covers both the principal sum and any accumulated but unpaid interest. With each loan or bond fee paid by the borrower, the balance due decreases. The principal balance is the total outstanding amount of this sum, exclusive of interest, whereas the principal is the sum of money you initially lent.
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why part of our brains (the mesolimbic dopamine system) makes it difficult to keep a consistent customer focus
The MIT researchers discovered that the insular cortex, in contrast to the visual cortex, is the remote brain region most impacted by dopamine.
When the brain has more dopamine than it can handle, what occurs in the brain?Being overdopamined, or having too much dopaminergic concentrated in some areas of the brain while having insufficient dopamine in other areas, is associated with being impulsive, aggressive, and more competitive. ADHD, binge eating, addiction, and gambling are just a few of the diseases it can cause. The perception of a body's thoughts and feelings, both physical and emotional ones, depends on this region for many cognitive processes.
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doretha wants to buy a car that is available at two dealerships. the price of the car is the same at both dealerships. smith motors would let her make quarterly payments of $6,800.00 for 5 years at a quarterly interest rate of 3.54 percent. her first payment to smith motors would be due immediately. if ramos cars would let her make equal monthly payments of $4,400.00 at a monthly interest rate of 2.22 percent and if her first payment to ramos cars would be in 1 month, then how many monthly payments would doretha need to make to ramos cars? 17.46 (plus or minus 0.3 payments) 17.93 (plus or minus 0.3 payments) 30.86 (plus or minus 0.3 payments) 31.85 (plus or minus 0.3 payments) 16.19 (plus or minus 0.3 payments)
Doretha would have to pay Ramos Cars 30.86 (plus or minus 0.3 payments) per month. This is 30.86 (plus or minus 0.3 payments), which is closest to 31.85 when rounded to two decimal places (plus or minus 0.3 payments). Thus, "31.85 (plus or minus 0.3 payments)" is the correct response.
PV is the present value of the loan (the cost of the car), PMT is the quarterly payment, r is the quarterly interest rate, and n is the number of quarterly payments. In this instance, PMT = $6,800.00, r = 0.0354/4, and n = 5 x 4 = 20. By entering these values into the formula, we obtain:PV = $6,800.00 x (1 - (1 + 0.0354/4)^-20) / (0.0354/4) ,PV ≈ $90,357.48 Hence, the total amount of payments for Smith Motors is roughly $6,800.00 multiplied by 20 to equal $136,000.00. To determine the amount of monthly payments for Ramos Vehicles, we may once more use the present value formula for an annuity: In this instance, PMT = $4,400.00, r = 0.0222, and we're trying to find n. After entering these values into the formula,The total amount of payments for Ramos Vehicles therefore equals to $4,400.00 x n. By equating the two total payments, we obtain: $136,000.00 = $4,400.00 x n,n ≈ 30.86.
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