Prepaid expenses are eventually expected to become expenses when their future economic value expires. This is further explained below.
What are Prepaid expenses?Generally, Prepaid expenses are simply defined as an asset on the balance sheet since they represent cash spent in advance for products or services.
In conclusion, When the future economic worth of costs that have been prepaid expires, the prepaid amount is written off as an expense.
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A person drops off a prescription for a beneficiary who is a regular customer. The prescription is for a controlled substance with a quantity of 160. This beneficiary normally receives a quantity of 60, not 160. You review the prescription and have concerns about possible forgery. What is your next step?.
When someone reviews the regular dosage is a quantity of 60, but the prescription is of 160 quantity, it must be confirmed from the prescriber regarding the actual required dosage to detect forgery.
What is forgery?In a condition where an individual tries to copy or imitate a document, or any work of art representing it to others as an original piece, then such a condition leads to forgery.
There are chances that the prescription of the regular customer has been imitated by forgery, and so the quantity of the dosage is not normal as usual.
Hence, the significance of forgery is aforementioned.
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What are the 5 Economic resources categories?
Answer:
land, labor, capital, information, risk exposure and business reputation, Money and gas
The five economic resources categories are land, labor, capital, information, technology.
Economics is the study of how to use resources to produce products and services as effectively and efficiently as possible in order to meet consumers' needs and desires. In agriculture, the producer of goods or services could be an agribusiness firm producing a food product to meet consumer desires, or an agricultural producer growing a crop to satisfy the needs of a food processor. A business requires resources to produce a product (a good or service), such as labour (i.e., workers), land (e.g., a building), equipment, cash (capital), and other resources.
To summarize: in order to run a business, the manager requires resources, as well as one of the manager's responsibilities is to decide what assets to use and how to use them.
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The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates. b. increases aggregate demand and exerts an expansionary effect on real output. c. reduces savings because it increases both the current and future tax liability of households. d. is highly effective against inflation.
The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.
What is the substitution of debt for tax financing?The substitution of debt for tax financing is the use of deferred taxes in the form of debt.
Debt financing creates a financial arrangement whereby an entity takes up a secured or unsecured loan to finance a project.
Thus, the new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.
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what is the role of profit in a business ?
Answer:
Profit plays a huge role in business. business is run to gain profit .the main purpose of the business is to make profit if there is no profit in any business then it can no longer be run as it won't be possible to meet up the demands without profits.
Answer:
Profit equals a company's revenues minus expenses. Earning a profit is important to a business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs is called.
A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.
What is predetermined overhead rate?
An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.
Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.
The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.
Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.
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Which of the term structure theories claims that investors are limited to certain maturity ranges due to legal restrictions and personal preferences?.
Answer:
The market segmentation theory.
Explanation:
Market segmentation theory holds that long-term and short-term interest rates are unrelated. It also argues that the current interest rates for short, intermediate, and long-term bonds should be assessed individually, as if they were products in various debt securities markets.
According to market segmentation theory, each asset maturities market group is primarily composed of investors who, in this example, choose to invest in securities with certain durations such as short-term, long-term, or intermediate. Furthermore, the theory states that buyers and sellers in the short-term securities market have unique characteristics and motives when opposed to buyers and sellers in the long-term and intermediate maturity securities markets.
Reference: Snellman, Kaisa. From One Segment to a Segment of One-The Evolution of Market Segmentation Theory. Svenska handelshögskolan, 2000.
Once the project schedule and project budget are approved they become the _____ Group of answer choices project plan derivative plan schedule plan baseline plan actual plan
Once the project schedule and project budget are approved they become the baseline plan. This is further explained below.
What is the baseline plan?Generally, Project management baselines are the established points from which further planning is done.
In conclusion, As soon as the project timeline and budget are greenlit, they constitute the foundation of the project.
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When both supply and demand decrease, the equilibrium price ________ and the equilibrium quantity ________.
When both supply and demand decrease, the equilibrium price increase and the equilibrium quantity decrease.
What is supply and demand?Supply can be defined as the amount of goods that a company is willing to produce and supply while demand can be defined as the amount of goods that consumer are willing or ready to buy.
When both supply and demand decrease, the equilibrium price and the equilibrium quantity can do the following:
Increase; decreaseDecrease; decreaseRemain the same; decrease
Therefore when both supply and demand decrease, the equilibrium price increase and the equilibrium quantity decrease.
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Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have a 10-year life and generate net cash flows of $3,000 per year, and that Apple requires a 7% return on its investments. (Apple $s in millions.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute break-even time. 2. Compute the net present value of this investment.
The breakeven time of the project is 3.50 years
The net present value of the project is $10,575.80
The requirement, in this case, is to determine the payback period(breakeven time) and the project's net present value.
The breakeven time means the number of years it takes to recoup the initial investment, and the number of years it would take for the annual cash flows to be the same as the initial investment, also known as the payback period.
Note for an investment that has even annual cash flows, breakeven time is the initial investment divided by the annual cash flow
breakeven time=$10,495/$3,000
breakeven time=3.50 years
The net present value is the present value of future cash flows for the 10 years minus the initial investment
PV of annual cash flow=annual cash flow*PVA of $1
From the table,7% for 10 years, would give PVA is 7.0236(PVA table, check 7% under year 10)
PV of cash flows=$3,000*7.0236
PV of cash flows=$ 21,070.80
NPV=$21,070.80- $10,495
NPV=$10,575.80
The computation of breakeven time and net present value can be further understood looking the below.
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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.
Avoid calling any potential client, unless they contact you first and specifically ask to be contacted.
What is Marketing Medicare Advantage and Part D Plans?Medicare Advantage is the one, which replaces Original Medicare and becomes your hospital and medical insurance plan.
Medicare Part D Plans is a supplement to the Original Medicare, which covers prescription drugs only.
Seniors are mostly opt for Medicare Advantage because it provides better benefits at lower cost.
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A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called a: Group of answer choices corporate raider. takeover specialist. financial capitalist. venture capitalist.
A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called a venture capitalist.
Who is a venture capitalist?A venture capitalist is usually a high net worth individual or group of people who specialise in investing in small businesses. They usually provide financial capital to small businesses in exchange for a percentage in ownership in the company.
Due to the fact the investing in small businesses is risky, the returns demanded by venture capitalist is usually high.
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Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happen to the price and quantity in the market?
A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.
What is supply curve?Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.
Thus, A shift in the number of vendors in a market affects the quantity
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Assume that the markets can no longer be segmented. What would be the quantity demanded if price is 50 in a monopoly market?
The quantity demanded will remain the same because in a monopoly market, there is only one supplier, hence the demand is forced to remain inelastic to price changes.
What is a monopoly?A monopoly is a price structure where there are many buyers but only one seller.
This could be a
natural monopoly; Pure monopolyLegal monopoly etc.It is thus correct to state that the quantity demanded will remain the same because in a monopoly market, there is only one supplier, hence the demand is forced to remain inelastic to price changes.
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After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. As a result, most of the noncommunist economies in the world Multiple Choice failed. stagnated. quickly matched the U.S. economy. faced high inflation rates. grew significantly.
Most of the non-communist economies in the world grew significantly as a result of the U.S. infusion of ideal of capitalism.
What is the ideal of capitalism?The ideal involves the spread of free market practices that allows citizen to determine the demand and supply in market with little or no government intervention.
Hence, the non-communist economies in the world grew significantly as a result of the U.S. infusion of ideal of capitalism.
Therefore, the Option D is correct.
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On december 29, 2021, patel products, inc. , sells a delivery van that cost $20,000. the equipment had accumulated depreciation of $16,000 at december 31, 2020. annual depreciation on this equipment is $2,000 computed using straight-line depreciation.
The appropriate journal entry to record the transaction using straight-line depreciation is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000
DepreciationIf the annual depreciation on this equipment is the amount of $2,000. The correct journal entry to record the transaction using straight-line depreciation is:
December 31 2020
Debit Depreciation expense $2,000
Credit Accumulated depreciation $2,000
(To record depreciation expenses)
Therefore the entry is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000.
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Which of the following best describes retained earnings? Select one: Shows in and out flows of cash from the company during a period Provides a description of sources of funding and uses of funding, at a point in time Records level of reinvested profits Total assets less net liabilities equals equity
The option that best describes retained earnings is records level of reinvested profits.
What is retained earnings?
Retained earnings is the amount of a company's earnings that is not paid out to shareholders as dividends or used to pay debtors. It is the amount of money that can be reinvested into the business.
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Consider these statements about annuities and perpetuities and decide which is accurate. Group of answer choices The future value of a perpetuity can be computed using low discount rates.. A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan. An ordinary annuity is worth more than an annuity due given equal annual cash flows for eleven years at 8 percent interest, compounded annually.
The accurate statements on annuities and perpetuities are:
A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan.What is true of annuities and perpetuities?A perpertuity's present value is:
= Amount / periodic rate
= 200 / (12% / 12 months)
= $20,000
This is larger than the present value of an annuity of the same amount if the payment period is not long.
Business loans come as amortized loans for the most part because the business will have to pay back a specific amount every period that includes interest and principal repayment.
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The title to an automobile or the deed to a cattle ranch assures a buyer that the seller is the legitimate owner of that property. This is an example of property rights _________.
The above is an example of property rights facilitating exchange.
What is property right?This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
A person has the authority to own a property.The property can be used within the law as he deemed fit.Receive any income that the property generates.Hence, the above is an example of property rights facilitating exchange.
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for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.
For a monopolist, price is above marginal revenue.
What is monopolist market?A monopolist market is a market with managed alone.
The price of commodity should be greater than marginal revenue this is because until marginal revenue and cost are balance the business cannot expand.
But a high price above the revenue will equal to profit.
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For a monopolist seller, price is above marginal revenue.
What is marginal revenue?This can be defined as the difference between the amount of revenue generated as a result of additional unit of variable factors of production.
Factors of production are grouped as follows;
Fixed factors:Land and Machineries.
Variable factors of production: Labor and Capital.
Therefore, price is usually higher than marginal revenue for a monopolist.
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Which group of people ultimately determines the products that a command economy produces?.
The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.
Who controls the economic system in a command economic system?Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.
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The Government ultimately determines the products that a command economy produces.
What is the command economy and examples?Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.
What is the basic idea of the command economy?The main idea of the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.
Who controls the economy in a command economy?central authority
A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.
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A ________Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.
A trademark Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.
A brand extension is when a company uses one of its established brand names on a new product or new product category.A brand name, or product brand, is a word, group of words, letters, or numbers that represent a product or service. A trade name, or corporate brand, identifies and promotes a company or a division of a particular corporation. The trade name is the legal name of the business.What does trademark imply?Any word, phrase, symbol, design, or combination of these that distinguishes your products or services might be considered a trademark. Customers use it to recognize you in the marketplace and set you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark."Business names, logos, slogans, sounds, and even colors that are distinctive to a single brand may be protected by a trademark.Learn more about trademark brainly.com/question/19534317
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Design quality is considered a(n) __________ for the firm. Multiple choice question. insignificant cost strategic decision service decision unimportant decision
The Design quality that a firm goes with is considered to be a strategic decision.
What kind of decision is Design quality?The quality of the design that a company goes with to brand their goods and services will represent what the company hopes to achieve in the future.
This means that the decision is a strategic one as these are done to showcase the future goals and direction of a company.
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Pam and Marian have formed a limited partnership in the state of Massachusetts. Their business does well, and as it continues to expand, they would like to transact business in New Hampshire and Connecticut as well. They file applications with the secretaries of state in New Hampshire and in Connecticut. If they are issued certificates of registration in New Hampshire and Connecticut, their business will be considered a ________ in those states.
If Pam and Marian are successful in their application to New Hempshire and Connecticut, they will get a Certificate of Registration.
What is a certificate of registration?This is a legal document that is issued by the government of an area to show that a company can operate in the area because they have met the necessary requirements.
If Pam and Marian are cleared by the Connecticut and New Hampshire states, they will get Certificates of Registration.
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Natural gas Group of answer choices used in automobiles produces more pollutants than gasoline. when burned in automobiles, produces only water and no carbon dioxide or other pollutants. reserves in the United States may last many decades, even with increased demand. consumption in the United States is declining as available resources decline.
The true statement about Natural gas is that the reserves in the United States may last many decades.
What is a Natural gas?This refers to an energy source from fossil that is formed deep beneath the earth's surface.
Today, the U.S. produces almost all of the natural gas that it uses.
Therefore, the Option D is correct.
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marshall corporation had $220,000 in invested assets, sales of:
The rate of return on investment for Marshall is 30%.
Using this formula
Rate of return=Income form operation/Assets invested ×100
Let plug in the formula
Rate of return=$66,000/$220,000×100
Rate of return=30%
Therefore the rate of return on investment for Marshall is 30%.
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Seeing the effect of each financial transaction or event on your current situation is the purpose of:
Seeing the effect of each financial transaction or event on your current situation is the purpose of: balancing your books.
What is a financial transaction?This has to do with all forms of exchange that occurs between a person that is selling a good and another person that is buying.
Such transactions are usually written in the accounting book which is balanced.
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A. the ability to merely project one's abilities in the lack of actual accomplishments B. the ability to reduce the dependence of team members on each other C. the ability to induce the team members to focus on individual goals rather than collective goals ormal leadership D. the ability to influence a group toward the achievement of a vision or set of goals E. the ability to use factors like training and experience to reduce dependence on f
A leadership is best described as the ability to influence a group toward the achievement of a vision or set of goals.
What is a leadership?In a formal setting, this refers to individual ability to influence, lead and guide others people to accomplish a predetermined mission in the manner desired.
Hence, it is best described as the ability to influence a group toward the achievement of a vision or set of goals.
Therefore, the Option D is correct.
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Identify a type of market failure. Provide an example of that type of market failure and briefly explain one way that the government could help to reduce the negative effect of that market failure.
Monopoly power, inefficiency, absent markets, and other factors can all result in market failure. Government is help to reduce the negative effect of that market failure such as implemented taxes and laws. An example of a market failure is music application.
What is market failure?
When we talk about "market failure," we're talking about an economy where there is an inefficient flow of commodities and services on the open market.
Inefficiency, absent markets, insufficient markets, and negative externalities are the main forms of monopoly power. audio player: All listeners hear the song, yet it cannot affect them directly. It is unable to determine whether or not a user has paid.
The government must address market failure issues brought on by additional regulations, taxes, tariffs, subsidies, and trade restrictions.
As a result, monopoly power, inefficiency and missing markets types of market failure. Government implemented taxes and laws. Ex of music app.
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answer it please ^_^
Answer:
after independence the government device specific rules to public and private sectors basic the strategic industries where the government and their public sector and the consumer goods industries were left to be diplomate and the private sector there were member of change in industry policy from the time to time
Explanation:
Evolution of business activitiesAs the new technology invented it has also an application in business . before there was no thing as e bussiness or e commerce. but not almost every person heard it somewhere. business owners tried to move their business to online to get benefits from it and it helps them to grow their business to a very extent as it provides them with lots of costumer.
so marketing is now done by customer itself.
Which accounting method correctly reflects the results in finacial statements
The accounting method that correctly reflects financial statement results is Accrual accounting.
What is accrual accounting?This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.
This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.
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