An increase in the price of both of X and Z. A decrease in Gab's ability to purchase both goods, resulting in a lower indifference curve and decreased utility.
An increase in the price of both goods X and Z would decrease Gab's ability to purchase both goods, resulting in her having to choose a lower indifference curve. Her utility would decrease as she would have to give up some of the goods she values in order to afford the remaining goods at the higher prices. Additionally, with both goods becoming relatively more expensive, Gab would have to allocate a larger proportion of her budget to purchasing these goods, leaving less money to purchase other goods that she values. This would decrease her overall satisfaction.
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tom leases store space to kim for a restaurant, and kim installs her ovens, booths, counters, and other equipment. when do these items become real property?
Kim is free to transfer these fixtures at the conclusion of her lease, thus the right response is "D - after the lease expires, assuming the items are not taken by the renter."
The conditions under which one party agrees to rent an asset—in this example, property—owned by another party are outlined in a lease. It ensures that the tenant, also known as the lessee, will have access to the property and, in return, will make monthly payments to the lessor (the landlord or owner of the property). If either party violates the contract's conditions, there will be repercussions for both the lessee and the lessor. A type of incorporeal right is a lease. The details of rental agreements for real estate, as well as for real and personal property, are outlined in leases, which are legally enforceable contracts. These contracts are binding by both parties and contain obligations for each party to carry out and uphold the agreement.
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john and thom are purchasing their dream home. due to the expiration of escrow instructions, the escrow has been terminated. have they lost the contract on the house of their dreams?
No, the termination of an escrow does not terminate the associated contract
What is contract?A contract is an agreement that outlines specific, legally binding rights and obligations for two or more parties that have come to an amicable understanding. A contract usually entails the transfer of products, services, cash, or a promise to transfer any of those things at a later time. An agreement between parties that establishes legal duties for both parties is known as a contract. Mutual consent, demonstrated by a valid offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for the agreement to be a legally enforceable contract.To learn more about contract refer to:
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which item is included in a reconstructed operating statement? a) mortgage interest b) vacancy and collection losses c) federal income tax payments d) depreciation allowance
Operating statements used for appraisal reasons typically need to be rebuilt since they include financial statements, similar properties, data from the owner, and accounting components that aren't relevant to the assessment process.
What is a reconstructed operating statement?A casualty, such as a fire, that has ruined an income statement. In order to do this, the income statement must be rebuilt using data from the original records, papers, and information. Based on fresh information, including earlier mistakes, the income statement was amended.Mortgage (debt) payments are not included in the formula used to project net operating income. To calculate net operational income, the effective gross income from the other three options is all removed from it. A replacement allowance estimate is frequently required when valuing income-producing property.Capital expenditures and cost of goods sold (materials, direct labor, manufacturing overhead) are not included in operating expenses (larger expenses such as buildings or machines).To Learn more About Operating statements refer To:
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a.limited liability of its stockholders is an advantage of the corporate form of organization, but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.b.two key advantages of the corporate form over other forms of business organization are unlimited liability and limited life.c.a corporation is a legal entity that is generally created by a state; its life and existence is separate from the lives of its individual owners and managers.d.although its stockholders are insulated by limited legal liability, the corporation's legal status does not protect the firm's managers in the same way; i.e., bondholders can sue its managers if the firm defaults on its debt, even if the default is the result of poor economic conditions.e.the main method of transferring ownership interest in a corporation is by means of a hostile takeover.
The corporate form of organization gives investors the benefit of limited liability, meaning that their personal assets are protected from the claims of creditors and other claimants.
What is organization?Organization is the structure of a system or process that is composed of interconnected and interdependent elements. It is typically the result of deliberate planning, with a goal of achieving a specific outcome. Organizations may be structured in a variety of ways, such as by function, market, product, geography, or customer. The elements within an organization can include resources, processes, and people, as well as rules and norms that guide behavior. Organizations are also characterized by their goals and strategies, which are determined by leadership to ensure the organization succeeds in achieving its desired outcomes.
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you are the project lead at a new startup that is looking to create a bartering platform for goods and services. the team has a limited budget and wants to deliver on items in iterations that bring the most business value to the users. what governance framework should the team use?
The team should use an agile governance framework, such as Scrum or Kanban.
What is governance framework?Governance framework is a set of policies, processes and practices that organizations use to guide decision-making and manage risk. It helps to ensure that goals and objectives are met, while adhering to applicable laws and regulations. A governance framework provides an organization with transparency and accountability, allowing it to make decisions that are in line with its values and strategy.
Agile frameworks are designed to help teams deliver projects in iterations quickly and cost-effectively. This approach allows teams to focus on delivering the most important features of the bartering platform first, while allowing for flexibility in responding to customer feedback. Additionally, agile frameworks help teams to stay organized, transparent and accountable throughout the project's lifecycle.
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a bond has a 7% coupon and an offering price of 108. the bond matures in ten years. an investor purchasing this bond at the offering price would have a yield to maturity closest to
The bond has a coupon of 7% and an issue price of 108. The term of the bond is 10 years. Investors who purchase this bond at the offer price will have a yield to the nearest maturity 5.96%.
Calculation:Annual interest rate - (premium ÷ years to maturity) ÷ average bond price. Plug in the numbers we have:
$70 - ($80 ÷ 10) ÷ [($1,080 + $1,000) ÷ 2].
$62 ÷ $1,040 = 5.96%.
What is a bond?A bond is a debt instrument similar to a promissory note. Borrowers issue bonds to raise money from investors who lend them money for a period of time. When you buy a bond, you are lending it to the issuer, which can be a government, community, or corporation.
What are the types of bonds?There are five main types of bonds: State treasuries, savings banks, authorities, municipalities, companies. Each bond type has its own sellers, objectives, buyers, and levels of risk and reward. If you prefer to take advantage of bonds, you can also purchase bond-based securities such as: Pension Funds.
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Investors who purchase this bond at the offer price will have a yield to the nearest maturity 5.96%.
what is a bond?A bond is a type of debt obligation like a promissory note. In order to raise money from investors who lend it to them for a certain length of time, borrowers issue bonds. Purchasing a bond entails lending money to the issuer, which might be a firm, government, or community.
What kinds of bonds are there?State treasuries, savings banks, governments, municipalities, and businesses are the five primary categories of bonds. Each bond kind has its own sellers, goals, purchasers, and risk and return gradations. Bond-based assets like pension funds can also be bought if you desire to benefit from bonds.
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eagle inc. surveyed users to see if its latest productslived up to expectations and if the users encountered any problems when using the product. at the same time, eagle tracked how many products were rejected by inspectors when they came off the assembly line, as well as how many products were returned because of defects. this scenario illustrates an aspect of control. a. financial b. strategic c. development d. structural e. operations
Option (c), At the same time, Eagle kept note of how many goods were rejected by inspectors as they exited the assembly line, as well as how many were returned due to flaws. This situation exemplifies a feature of Development controls.
Why are regulations governing development important?Urbanization in cities is controlled by the Development Control Regulations (DCR), which also guarantee effective development and the general welfare. These guidelines help to develop a plan-led system by taking public opinion into account.
How does development control work exactly?The procedure by which the entire process of urban development is regulated in order to advance social benefit on the whole and forge a distinctive image of the city has been referred to as development controls.
How does development control have problems?These movements of people to the studied region are characterized by unwelcome growth, unplanned development, incompatible land uses, illegal squatter projects, misuse of building uses, a lack of planning plans (layouts), the construction of stores in easily accessible locations, insufficient setbacks, and insufficient airspaces.
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When someone is considering a career as a lawyer, future earnings are thenet cost.net benefit.future cost.future benefit.
Future earnings are the person's future benefit when pursuing a profession as a lawyer. Option D is the correct answer.
The future benefit is defined as a benefit based on the length of perspective service between employment date and retirement age and payable out of funds contributed by the employer, the employee, or both.
Future earnings are the future benefit to a person who wants to become a lawyer. Wanting to become a lawyer will be an investment for a student in the future. Becoming a lawyer in the future will be the result of the investment and earning from that job is the profit from it.
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a producer is meeting with a client to determine whether an annuity would be suitable for purchase. which of the following topics needs to be discussed with the client:-financial objectives
-primary physician
-power of attorney
-level of education completed
A producer is meeting with a client to determine whether an annuity would be suitable for purchase. which of the following topics needs to be discussed with the client a) financial objectives.
A finance objective, also known as a financial objective, is a goal that businesses set in order to succeed and flourish. Financial aims are often concerned with improving a company's profits or sales, but they can also include investments and economic stability.
Financial targets are frequently measurable goals that companies can track and achieve. These goals are often oriented toward long-term success.
A company can modify its financial goal as often as it wants. Once a company has met its existing financial goal, it can set a new one. Businesses may also change their objectives if they want to focus on a different strategy or have other areas that need attention. It is also conceivable to have various financial goals at the same time.
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mrs. b is a 66-year-old widow in remarkably good health. she is financially comfortable and will retire soon. however, she dreads the retirement, saying that she has no hobbies and no ideas about how she will structure her new abundance of time. she is experiencing difficulty with her:
She is experiencing difficulty with her: mental age problem.
What is retirement?The definition of retirement refers to the part of someone's life that they choose to stop working permanently. Many choose to retire when they are old enough or sick enough to no longer contribute. Some retire at a certain age and qualify for private and public pensions. Retirement may be unplanned for those who fall ill or have an unexpected accident.
Saving for retirement:
The amount you need to save depends on how long you will live in retirement and how much you will need each month. Statistics show that people live about 17 to 20 years past the average retirement age.
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a young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. which type of policy would he most likely buy?
Family (protection) policy. A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. type of policy would he most.
likely buy Family (protection) policy. This type of insurance combines protection for all members of a family into one policy. These are insurance in which policyholders get monthly payouts at regular times. In the event of the policyholder's untimely death, the family receives the entire sum insured. You pay the premiums for that amount, and if you die, your family receives the amount you are covered for. The time span of such a policy The Family Protection Plan is a one-of-a-kind renewable term life insurance policy designed to give peace of mind and monetary rewards to breadwinner families. Child plans are another option for insurance. These plans give cash assistance for your child's schooling, marriage, and other expenses. Another choice is health.
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you work as an accountant for a small business. the owner of the company has asked you to give her the operating cash flow for the company for the fiscal quarter that just ended. upon review of the relevant documents, you determine that the company's earnings before taxes and interest for the quarter was $230,000, it depreciated $5,000 worth of equipment and has paid estimated taxes of $20,000. there was no amortization. what is the operating cash flow for the last quarter?
The operating cash flow for last quarter of the company is $25,000.
What is operating cash flow?The amount of cash created by a company's regular business operations is measured by operating cash flow (OCF). Operating cash flow shows whether a business can produce enough positive cash flow to support and expand its operations; in absence of such ability, it may need outside finance for capital investment. The focus of operating cash flows is on financial inflows and outflows associated with a company's primary business operations, such as buying and selling products, offering services, and paying personnel. Borrowing, investing, financing, purchasing capital goods, and paying dividends are all separated from the operating cash flows part and reported separately. On a company's statement of cash flows, which is segmented into cash flows from operations, investing, and financing, operating cash flow can be noted.
Operating cash flow= $20000+$5000= $25000
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2) when an industry's raw material costs increase, other things remaining the same, a) output increases regardless of the market price and the supply curve shifts upward. b) the supply curve shifts to the right. c) output decreases and the market price also decreases. d) the supply curve shifts to the left.
When an industry's raw material costs increase, other things remaining the same, output decreases and the market price also decreases.
What is the supply curve?
The link between product pricing and the amount of product a seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's vertical axis represents product pricing, while its horizontal axis represents the amount of the product delivered.
What is supply curve and its slope?
An illustration of the amount supplied at various prices is called a supply curve. Since the supply curve is a graphical depiction of the supply schedule, it is sometimes referred to as a supply schedule.
According to the law of supply, when all other factors are equal, an item's supply grows as its price does, and vice versa. The supply curve typically has a positive slope, or slopes up and to the right, according to the graph, which illustrates this.
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For a business-to-business competitive bid process, which type of opportunity is created that is different than a business-to-consumer competitive pricing process? O There will be both B2B and B2C that will receive the same type of competitive bid process and pricing. . O.There will be large market competitive pricing and impersonal pricing for the B2B and a specific price tailoring for a B2C pricing.O There will be specifically tailored pricing for a specific business customer’s needs rather than a generic competitive pricing
For a business-to-business competitive bid process c) There will be specifically tailored pricing for a specific business customer's needs rather than a generic competitive pricing is created.
A proposal by one company trying to offer services or bid for business with another company is referred to as competitive bidding. It is typically linked with a proposal to a soliciting firm seeking services of a huge scale, usually for a specific duration of time. A competitive bid, on the other hand, might be part of any large-scale corporate transaction.
When a firm, organization, or government agency need significant quantities of products or services, it will often issue a request for proposal (RFP). Companies can do this when a new business opportunity presents itself, or it can be done as part of a renewal cycle.
The purpose of this proposal is to provide a framework for the development of a project that will result in the creation of a new product or service that will be marketed. The soliciting entity would normally contact many businesses to advise them of the request during the solicitation process.
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question content area which of the methods for decision making best protects the decision maker from undesirable results? the conservative approach the optimistic approach minimum regret minimax regre
The conservative approach.Conservatism is a school of political thought that emphasises tradition and depends on the individual to uphold society.
Describe the conservative approach with an example?The technique does not include the finance manager taking on risk, as the name would imply. As a result, all working capital requirements are generally covered by long-term funding, with the use of short-term financing options possibly limited to unanticipated and urgent situations.
Which strategy is seen as being the most cautious?The term "most conservative approach" refers to the approach or stance put forth by a Party with regard to the resolution of a problem that, taken as a whole, is fairly likely to subject the Parties or the Products to the least degree of risk.
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suppose real output demanded rises by 4 buillion at each price level. what is the new equlibrium price
The various output levels that are possible at a particular price point are depicted by the aggregate demand curve. The total demand curve has a downward slope.
What is a curve of aggregate demand?
The total amount spent on domestic goods and services at each price level is depicted by an aggregate demand curve. An illustration of an aggregate demand curve can be found below. The horizontal axis depicts real GDP, and the vertical axis depicts price level, just like in an aggregate supply curve.
What causes the aggregate demand curve to descend?
At any given price level, the aggregate demand curve depicts the sum of consumption, investment, government purchases, and net exports. It has a downward slope as a result of the effects of wealth on consumption, interest rates on investment, and international trade on net exports.
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Full Question = Suppose real output demanded rises by $4 billion at each price level. The new equilibrium price level will be:
a. 108.
b. 104.
c. 96.
d. 92.
FIGURE 32.7 The equilibrium price level and equilibrium real GDP. The intersection of the aggregate demand curve and the aggregate supply curve determines the economy's equilibrium price level. At the equilibrium price level of 100 (in index-value terms), the $510 billion of real output demanded matches the $510 billion of real output supplied. So the equilibrium GDP is $510 billion.
what is the most likely result of successfully filling a market need and giving customers what they want?
By satisfying customers' needs, I can generate income for myself. Explain the distinction between revenue and profit. Revenue is the amount of money a company makes from selling goods and services over a specific time period.
Passion for the business, execution intelligence, a focus on the product or customer, and tenacity in the face of setbacks are the four key traits of successful entrepreneurs.Reducing waste and costs when manufacturing products to customer specifications is the obvious benefit of achieving a zero-defect level. Zero defects equate to increased customer loyalty and satisfaction, both of which invariably result in increased sales and profits.The elements that affect a business in its home nation or operating area are known as the local environment. The general environment and task environments make up the global environment's two main parts.Learn more about the example of consumers at
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tony and max came to an agreement that if tony fixed the bumper on max's car by friday, max would pay tony $500. this is an example of a(n) contract.
Tony and max came to an agreement that if tony fixed the bumper on max's car by Friday, max would pay tony $500. This is a contingent contract.
A contingent contract is an agreement that specifies which activities will result in which results under specified conditions. Contingent contracts are typically formed when negotiating parties are unable to reach an agreement.
The contract is labeled "contingent" because the terms are not final and are contingent on the occurrence of specific events or conditions. A contingent contract can also be thought of as insurance against a future change of plans.
When each party has varied timing preferences, contingent contracts can lead to an effective agreement. For example, one party may choose instant payoffs while the other prefers longer-term payoffs. Furthermore, contingency contracts can stimulate consensus in talks with sharp disparities in future expectations.
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what was the most pressing problem geibel was trying to solve at the start of the disney animation case?
Redesigning the group structure of Disney's Animation systems in order to foster innovation and improve communication is the issue that Geibel is attempting to solve.
Disney Animation Studios has nearly 100 years of history, beginning as a tiny business and growing into a massive, intricate, hierarchical enterprise. At a particular point in its development, the company's inability to produce innovative items was being hampered by work processes involving numerous divisions. Filmmaking was done manually when the enterprise first started, but technology has since taken control.
Disney Animation's systems department wanted to increase productivity and workflow to make interesting and engaging animated films while adapting to changing conditions, such as growing technological complexity (high-tech computer animation and creative storytelling).
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broker enrique and broker carl are overseeing in-house transactions. broker enrique's transaction has to do with a strip mall sale while carl's is a condo sale.what form of authorized brokerage relationship might be available to enrique that is not an option for carl?
There is no conflicts of interest if the listing and selling salespeople are different people. The seller and buyer must both be informed and concur to allow the broker represent them.
What does a salesman do every day?The position is in growing market across a variety of industries. A sales rep's day consists of emails, telephone conversations to and from clientele, selling, closing, and merchandise presentations. Sales representatives represent the firm or company in both public and private.
What is the most difficult aspect of being sales representative?The most difficult aspect of revenues is not refutation or being told no repeatedly. After a brief duration of selling, you get over your fears and just accept them as a part of your job. The most difficult thing to do, and the thing that most salesmen fail to do properly, is to follow up consistently and effectively.
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Companies must prioritize and determine the performance dimensions on which they will focus and excel. each performance dimension has several sub-dimensions. mix, changeover, and volume are sub-dimensions of?
Companies need to set priorities and decide which performance metrics will be their main areas of concentration and excellence. There are many sub-dimensions for each performance dimension. Volume, mix, and changeover are sub-dimensions of flexibility.
The activities that must be conducted by anyone performing that job in order to complete the work are the focus of performance dimensions. As was previously said, performance dimensions are classifications of activities and behaviours that are established in accordance with the demands and expectations of the position. An element of the product or product manufacturing process is a performance dimension. For instance, the initial interest rate on a line of credit is a performance factor. Businesses aim to leverage this performance factor to generate revenue and draw in new clients.
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natasha starts a small software company, but finds it difficult to hire good software developers since she has a very large competitor half a mile away. this is best explained by which of these interdependencies?
The dependencies between markets best explains the interdependencies.
What are dependencies?Dependencies are the relationships of reliance within and across infrastructure assets and systems that must be preserved in order for those systems to function and provide services. The National Infrastructure Protection Plan states that improving community resilience requires an awareness of the dependency on vital infrastructure. It may be necessary to collaborate with regional partners and private sector operators to solve systems because they frequently cross regional and jurisdictional boundaries. When a component of an infrastructure system fails, the system as a whole ceases to operate, which affects another crucial component of the infrastructure that relies on the resources of the downed component, further affecting the components and systems that depend on it for operational services.
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identify the four special journals typically used by a business.
Purchases journal, cash payments journal, sales journal, cash receipts journal.
What is a purchases journals?A buy journal is a specialized accounting journal as well as a prime entry book, daybook, or main entry book that is used in an accounting system to keep track of the orders of goods placed using accounts payable. The order date, supplier name, invoice number, amount to be deducted from a payments account, and amount to be credited to an accounts payable account are typically included in purchase journals (that of the supplier). Any transaction recorded in the purchasing journal involves a credit to the accounts payable account and a debit to the expense or asset account related to the purchase.Additionally, purchase diaries aid in managing creditors, monitoring the status of returned products, credit notes, and updated ledger balances. It includes every deposit and withdrawal that was used to determine the total amount of money in an account at the conclusion of the previous day.To learn more about purchases journals refer to:
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Money markets refer to markets where excess corporate cash is exchanged for foreign currencies that can earn a higher return than domestic money. T/F?
Money markets refer to markets where excess corporate cash is exchanged for foreign currencies that can earn a higher return than domestic money. This statement is false.
The term “debt” refers to the amount of money that people owe on their investments. It involves large-volume trades between institutions and dealers at the wholesale level.
It includes money market mutual funds purchased by private investors and money market accounts opened by bank customers at the retail level.
In all of these instances, the money market has a high degree of safety and low rates of return. The money market is one of the global financial system's cornerstones.
It entails overnight transfers of large sums of money between banks and the US government. The vast majority of money market transactions are wholesale transactions between financial institutions and businesses.
Companies that raise money by selling commercial paper into the market, which can be purchased by other companies or funds; and investors who buy bank CDs as a safe place to park money in the short term are all participants in the money market.
Some of the wholesale transactions end up in the hands of consumers as part of money market mutual funds and other assets.
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the board of directors of herbalife nutrition approved a 3-for-2 stock split. after the split, how many shares of herbalife stock will an investor have if he owned 250 shares before the split?
A 3 for 2 stock split will result in the investor receiving 100 more shares. Divide the current number of shares by the split rates to determine the additional shares that will be issued as a result of a split (200 shares x 3/2 = 300 shares).
What exactly is an investor?An investor is a person who invests money in a company, such as a business, in hopes of earning a profit. Any investor's basic objective is to reduce risk and increase profit. In contrast, a speculator is willing to put money into a risky asset in the hopes of making a bigger reward. An investor is someone who chooses to invest money in a specific bank, business, or institution without guaranteeing a profit. Investors frequently use their capital for retirement, business, or even schooling.
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carin, inc. declared a 50% stock dividend on january 15, when there were 10,000 shares of $1 par value stock issued and outstanding, and the market value was $20. the entry to record the declaration will include debit to the account, in the amount of
On January 15, Carin, Inc. declared a 50% stock dividend with 10,000 shares of $1 par value stock issued and outstanding and a market value of $20. The entry to record the stock distribution will include a $5,000 debit to the Common Stock Dividend Distributable account.
Because Carin declared 50% of 10,000 shares with a par value of $1, the entry will include a $5,000 debit to the common stock dividend distributable account (50% of 10,000 shares at $1 each).
What is a common stock dividend distributable account?
The dividend on common stock A distributable account is a stockholder-owned equity account. When a stock dividend is declared, this account is credited for the declared value of the distributable shares, as well as until the stock is issued to the company's stockholders.
A stock dividend distributable, on the other hand, is not a liability because it is paid with assets.
A stock dividend is a type of dividend issued by a company to its shareholders, whereas a dividend is a cash payment issued by a company to its stockholders.
Among the various types of divided are
Cash dividend
Property dividend
The scrip dividend
Dividend liquidation
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Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
No, only lawyers and trust companies can open escrow accounts.
No, each broker can only have one escrow account.
Yes, this is legal unless he has more than three escrow accounts open at once.
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Yes, a broker is permitted to have an unlimited number of escrow accounts.
What are escrow transactions?
During the course of a transaction between two parties, a third party holds a temporary pass-through account known as an escrow account. In an escrow account, money is held by a third party until it is given to the intended recipient. With high asset values and dispute-prone industries like real estate, it offers protection against scams and fraud. Escrow-based payments are not new and have been around for a while. When two parties participate in a transaction but there is doubt about whether their obligations will be met, escrow is a financial procedure that is used. Escrow can be used in a variety of situations, including those involving banking, real estate, mergers and acquisitions, law, intellectual property, and online transactions.
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a property is transferred from a seller to a buyer on april 4th. at the end of the year, the buyer pays the annual tax amount of $11,160. using the 360-day calendar, how much should be credited to the buyer for prorated property taxes? in this situation, the buyer owns the property on closing day.
2883 amount should be credited to the buyer for prorated property taxes.
What are Prorated Property Taxes?Property taxes can be divided, in contrast to sales taxes and documentary transfer taxes, which are typically calculated and paid once per transaction. Proration is the method by which the burden of taxes is divided.
Proration of property taxes is a method for distributing them fairly and ensuring that everyone pays the same amount. During this process, escrow items, a proration agreement, and property tax assessments must be taken into consideration by buyers and sellers.
In residential real estate transactions, there are two fundamental types of proration. LONG proration and SHORT proration are the two types of proration methods. The real estate taxes section of the Purchase Contract determines the kind of proration that will be used in a transaction.
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The production possibilities of two countries If the two countries were to specialize and trade with one another, which country would import airplanes?
The nation without a competitive advantage in the manufacture of aircraft is the one that should import them.
If a nation produces at a reduced opportunity cost as compared to other nations, it has a comparative advantage in production. If a nation forgoes a smaller proportion of one alternative product when producing another, it has a lower opportunity cost. To decrease imports, protectionist trade measures are implemented.
International trade agreements and protectionist policies have an A connection. By lowering trade obstacles, international trade agreements typically counteract protectionist trade practises. This means that through promoting global trade, international policies counteract protectionist ones.
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larry has $20 to spend at the store. he plans to purchase five items that cost $5.79, $7.63, $3.46, $2.99, and $3.65. larry estimated his total cost to make sure he has enough money for his purchases. is his estimate accurate? explain why or why not. $5 $7 $3 $2 $3
Larry's prediction is off.
Larry rounded incorrectly. Although he employed front-end estimating, he neglected to round up when necessary. His estimate will fall short of the sum he actually need.
What does "cost" mean?A cost is the worth of money that has been spent to make something or provide a service and is thus no longer accessible for use in production, study, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
The overall cost of Larry's purchases will be:
= $5.79 + $7.63 + $3.46 + $2.99 + $3.65
= $23.65
Larry's estimate was incorrect since the real cost was $23.65, not $20, as he had thought.
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