Answer:
"Build a relationship in negotiation by asking questions, then listening carefully. Even if you have decided to make the first offer and are ready with a number of alternatives, you should always open by asking and listening to assess yur counterpart's interests."
Hudson Hotel collects 15% in city sales taxes on room rentals, in addition to a $2 per room, per night, occupancy tax. Sales taxes for each month are due at the end of the following month, and occupancy taxes are due 15 days after the end of each calendar quarter. On January 3, Year 2, Hudson paid its November, Year 1 sales taxes and its fourth quarter Year 1 occupancy taxes. Additional information pertaining to Hudson's operations is:
Year 1 --- Room Rentals --- Room Nights
October $100,000 -------- 1,100
November 110,000 ------- 1,200
December 150,000 ------ 1,800
What amounts should Hudson report as sales taxes payable and occupancy taxes payable in its December 31, Year 1, balance sheet?
Sales Taxes --- Occupancy Taxes
A. $39,000 $8,200
B. $54,000 $6,000
C. $39,000 $6,000
D. $54,000 $8,200
$54,000 and $8,200 amounts should Hudson report as sales taxes payable and occupancy taxes payable in its December 31, Year 1, balance sheet. Hence, option D is correct.
Occupancy taxes, also known as hotel taxes, hotel/motel taxes, lodging taxes, and transient room taxes, are primarily levied on short-term lodging rentals. The total amount of sales taxes that a company has amassed from customers on behalf of a governing tax authority is kept in an account known as sales taxes payable.
The first step is to figure out the taxes, which have a 15% tax rate.
$100,000*(15/100) Equals $15,000 for October$110,000* (15/100) in November equals $16,500.Dec: $150,000 * (100/15) = $22,500$54,000 in total sales taxesNext, we figure out occupancy taxes ($2 per night).1100 nights times $2 equals $2,200 in October.1200 nights times $2 is $2,400 in November.December: (Nights) 1800 * $2 = $3,600Eight thousand two hundred dollars in occupancy taxes overallTo know more about sales taxes payable: https://brainly.com/question/2819164
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given that jacob's chocolates company had beginning retained earnings of $4,000; net income during the period of $10,000; and dividends of $300 calculate the ending balance in the retained earnings account. multiple choice question. $13,700 $14,300 $6,300
Answer: $13700
Explanation:
when consumers weigh the benefit gained from a product in comparison to the money spent, the end result is ? A. a wantB.a needC.valueD.an exchange
Option C is correct. When consumers weigh the benefits of a product against the money spent, the bottom line is value.
A product comparison shows a comparison of the importance of products based on their usefulness. The higher the value of the product, the higher the customer is willing to pay for it.
Marketing can launch advertising campaigns to show customers how the product solves an existing problem and meets an existing need.
Location is an element of the marketing mix that makes it convenient for consumers to distribute and consume products at the right place at the right time. Habitual buying behavior is expressed when consumers have little involvement in purchasing decisions. In this case, consumers hardly perceive significant differences between brands. Consumers don't think much when purchasing products that they use in their daily lives.
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For a market-oriented firm, the advantages of considering the benefits customers seek include which of the following? (Select three)
a. Bolsters creativity and innovation by encouraging employees to come up with new ways to satisfy customers
b. Creates efficiencies of scale by only offering one product or service for all customers
c. Allows the company to create new products and to modify products due to changing customer needs
d. The company remains focused on the customer rather than the products it produces
For a market-oriented firm, the advantages of considering Bolster's creativity and innovation are by encouraging employees to come up with new ways to satisfy customers and allowing the company to create new products and modify products due to changing customer needs. Here options A, C, and D are the correct answer.
Instead of concentrating on the things it makes, the corporation keeps its attention on the consumer. When a company prioritizes the benefits customers seek, it can lead to a number of advantages.
One such advantage is that it can bolster creativity and innovation within the company. By constantly seeking to understand and meet customer needs, employees are encouraged to come up with new and innovative ways to satisfy those needs.
Another advantage is that it allows the company to be more responsive to changing customer needs. By constantly staying attuned to what customers want and need, the company can quickly create new products or modify existing products to meet those needs. This can be especially valuable in fast-paced or highly competitive markets.
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Tag Heuer comes up with a new range of luxury watches, targeting the rich and privileged section of the market that has the resources to buy luxury cars and other luxury goods. Which of the following demographic descriptors is being emphasized in this case?
Special Considerations demographic descriptors is being emphasized in this case.
Statistics that characterize populations and their traits are known as demographics. The study of a population based on characteristics like age, race, and sex is known as demographic analysis. Socioeconomic information expressed statistically, such as employment, education, income, marriage rates, birth and death rates, and more, is referred to as demographic data.
Governments, businesses, and non-governmental organizations utilize demographics to find out more about the characteristics of a population for a variety of reasons, such as economic market research and policy formation. For instance, a business selling luxury RVs may wish to target people who are approaching or in retirement age and increase the proportion of people who can afford their products.
The gathering and analysis of information about the fundamental traits of certain populations is known as demographic analysis. It is widely employed as a tool in business marketing to ascertain the most effective manner to connect with clients and gauge their behavior. Companies can estimate the size of a potential market by demographically segmenting a population.
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TRUE/FALSE. the purpose of incident tracking is to document the complete history of activities that occurred while handling an incident.
The act of locating, recognizing, and documenting incidents is known as incident tracking.
What is incident tracking?The act of locating, recognizing, and documenting incidents is known as incident tracking. It involves setting up a system for recording customer complaints and issues with vendors and instructing workers on how to do so. Then, these records are periodically checked to look for any concerning tendencies. The entire history of the actions taken when handling an issue is recorded as part of incident tracking. A support portal is a single website where customers may obtain support services. The knowledge base of the LBE Helpdesk software can be used to look up solutions to issues.In order to avoid, guard against, mitigate, respond to, and recover from incidents, all levels of government, nonprofit groups, and the commercial sector must cooperate. This is done through the use of the National Incident Management System (NIMS).To learn more about incident tracking refer to:
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The sales revenue and correct inventory information for Talisman Corporation is provided below. Year 1 Year 2 Sales revenue $75,000 $80,000 Beginning inventory 10,000 12,000 Purchases 50,000 60,000 Ending Inventory 12,000 9,000 by mistake, the accountant at talisman recorded $15,000 as ending inventory for year 1. which of the following is true of the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 because of the error? multiple choice increases by $3,000 decreases by $3,000 unaffected at $111,000 unaffected at $63,000
the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 Decreases by $3,000.
Cost of goods sold (COGS) is calculated by taking the beginning inventory, adding the purchases and subtracting the ending inventory.
Year 1:
COGS = 10,000 + 50,000 - 15,000 = $45,000
Year 2:
COGS = 12,000 + 60,000 - 9,000 = $63,000
Total COGS over the two-year period = 45,000 + 63,000 = $108,000
Since an error was made in the ending inventory for year 1, the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 is unaffected at $63,000. Therefore, the correct answer is option D: unaffected at $63,000.
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in a manufacturing firm, costs incurred to research a more fuel efficient engine would be classified as multiple choice upstream costs midstream costs downstream costs both midstream and downstream costs
Upstream costs are those incurred in a manufacturing company to investigate the development of an engine that is more fuel efficient. cost-up front.
What is an example of manufacturing?
Manufacturing has been around for millennia, and it was first carried out by experienced artisans who occasionally worked with helpers and handed down their knowledge through apprenticeships. Manufacturers might have become members of guilds that would defend the rights and trade secrets of these artisans. Alternately, production may occur on a smaller scale, frequently in rural regions, where artisans would augment agricultural subsistence by home-based manufacturing. Through the putting-out method, these industrial houses were occasionally organised into connected firms.
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Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement?Select one:a. Achieving a specific set goalb. Reducing errors and defectsc. Improving efficiencyd. Improving profits
However, (D) boosting profitability is not the end goal of either quality improvement efforts or continual process improvement.
What are profits?The money that remains after paying your business expenses is your profit.
Gross profit, operating profit, and net profit are the three primary types of profit.
The largest profit is gross.
The amount left over after paying for the sold goods and services is displayed.
Revenue minus expenses equals profit.
You deduct some costs from the gross profit.
You deduct all costs to arrive at net profit.
The path to net profits includes operational and gross earnings.
There are three primary ways to measure profit.
These include operating profit, net profit, and gross profit.
However, neither quality improvement initiatives nor ongoing process improvement have increasing profits as their ultimate objective.
Therefore, however, (D) boosting profitability is not the end goal of either quality improvement efforts or continual process improvement.
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Complete question:
Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement?
A . Achieving a specific set goal
B . Reducing errors and defects
C . Improving efficiency
D . Improving profits
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A restaurant manager is looking to recruit a new hostess for her upscale restaurant. In order to create an appropriate recruitment ad, she should first develop a
job summary.
performance evaluation .
job description.
job design.
Answer:
job summary.
Explanation:
Name a business other than a furniture refinishing business that would be subject to laws that regulate the disposal of dangerous chemicals. Explain.
An auto repair shop because they use different chemicals to fix cars, so they need to dispose of the chemicals properly.
What is hazardous waste disposal?Hazardous wastes must be disposed of in so-called secure landfills, which have a minimum distance of 3 metres (10 feet) between the landfill's bottom and the bedrock or groundwater table beneath. Leachate collection systems and two impermeable liners are required for a secure hazardous waste landfill.Chemical, thermal, biological, and physical disposal techniques are the four main types. To ensure that these techniques don't have an adverse effect on the environment or human health, they must be used in accordance with the nature and risk of each type of waste.To ensure the handling, generation, processing, treatment, packaging, storage, transportation, use reprocessing, collecting, conversion, and offering for sale, destruction, and disposal of hazardous waste safely, hazardous waste management rules are notified.Learn more about hazardous waste disposal refer to :
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Compared to the short-run demand for oil, the demand for oil, in the long run, will tend to be _____ elastic.
A) more
B) less
C) equally
Price Elasticity:
In a market, the price elasticity of demand may differ in the short-run and the long run due to consumer's adaptive behavior. This price elasticity is different for different types of output based on consumers' needs and wants.
Elasticities are often lower in the short run than in the long run.
Why is oil more elastic in the long run?The supply and demand curves are not less elastic with time as the supply and demand for oil vary more widely. In a lengthy time horizon for which the demand curve is more elastic, both the ability of consumers to preserve their money and the enterprises' ability to explore for oil have risen.
The amount of fuel demanded only modestly decreases in the initial months when fuel prices rise. The demand for fuel may therefore be very inelastic in the short term. Long-term price elasticity of oil demand, however, may be higher.
Over a longer time frame, changes that are just not feasible in a short amount of time are feasible.
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if the government imposes a tariff on imports of cheese, the price and quantity of imported cheese will most likely change in which of the following ways?
If the government imposes a tariff on imports of cheese, the price and quantity of imported cheese will most likely change in the following way:
The price of imported cheese will increase. This is because the tariff will increase the cost of importing the cheese, which will be passed on to consumers in the form of higher prices.The quantity of imported cheese will decrease. This is because as the price of imported cheese increases, the demand for it will decrease. Consumers will be less willing to pay the higher price, and as a result, fewer imported cheeses will be sold.It's important to note that domestic cheese prices may also change as a result of the tariff on imported cheese. As the price of imported cheese increases, domestic cheese producers may also increase their prices, benefiting from the reduced competition.
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Which of the following items are classified as noncash investing and financing activities? (Check all that apply.) Conversion of preferred stock to common stock Lease of assets in a long-term lease transaction Repayment of a note with cash Retirement of debt by issuing stock
Retirement of debt by issuing stock, Conversion of preferred stock to common stock and Lease of assets in a long-term lease transaction.
What information is included in the cash flow statement about non-cash investment and financing activities?Instead, you should add a footnote to the bottom of the statement of cash flows or to the notes to the financial statements to reflect non-cash investing and financing activities. Additionally, you have the option of including a separate schedule or list to disclose non-cash investment and financing activity.
Which of the following represents an activity that doesn't involve money?Non-cash expenses, such as deferred income tax, write-downs in the value of acquired companies, stock-based remuneration for employees, and depreciation and amortization, are a few examples.
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Which one of the following would provide evidence against the semi strong form of the efficient market theory?
a. About 50%of pension funds outperform the market in any year.
b. All investors have learned to exploit signals about future performance.
c. Trend analysis is worthless in determining stock prices.
d. Low P/E stocks tend to have positive abnormal returns over the long run.
The one of the following would provide evidence against the semi strong form of the efficient market theory Low P/E stocks tend to have positive abnormal returns over the long run.
Which of the following observations would be a refutation of the efficient market theory's semantic form?This finding would be evidence against the semi-strong variant of the efficient market theory because the P/E ratio is public knowledge. Positive anomalous returns are more common in low P/E companies.
Which of the following would offer support for the efficient market theory's strong form?(c) Finding that small businesses generate larger returns than big businesses would be proof that the efficient market theory is not as strong as it is claimed to be. True.
The Sem strong form of market efficiency is best described by which of the following?All information that is well known and accessible is reflected in security prices. Standard fundamental analysis will produce abnormal profits that are equivalent to zero if markets are moderately strong efficient.
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using the services of a financial institution to research a situation will make a significant difference in your efforts to:
A) develop financial goals.
B) evaluate and revise your actions.
C) analyze your personal and current finances
D) analyze personal and financial future
Out of the choices provided above, it may be stated that using the services of a financial institution to research a situation will make a significant difference in one's efforts to evaluate and revise their financial actions. Therefore, the option B holds true.
A financial institution can be ideally understood as an institution that offers financial services to its customers, but is much different than a commercial bank. Its services might help a company to evaluate and revise their actions as per the research-backed advice it gets.
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e. which of the equivalent expressions for `p\left(x\right)` reveals the price which produces the highest possible profit without changing the form of the expression?
`p\left(x\right) = \frac{r}{x}` This would be the expression for revealing the price for producing highest possible profit.
Profit maximization refers to a tendency of business enterprises to maximize gains in the short or long run by using the most effective styles and equating the borderline cost and earnings. Its main purpose is to increase the position of product of a establishment or business that will grant it the maximum profit on dealing goods and services. Profit maximization has been the major ideal of every business and enterprise. It makes it a pillar of conventional propositions of economics. Numerous of its hypotheticals have helped profitable proponents formulate multiple propositions related to prices and manufacturing. In addition, it aids in knowing the business and the effect of price, input, and affair in colorful request situations. The profit maximization formula depends on profit = Total profit – Total cost. thus, an establishment maximizes profit when MR = MC, which is the first order, and the alternate order depends on the first order.
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use the following items to determine the total assets, total liabilities, net worth, total cash inflows and total cash outflows
Using the following items to determine the total assets is $ 18,950 , total liabilities is $ 2395 , net worth is $16,555 , total cash inflow is $ 2185.
Calculating the problem:
Total assets = Cash in checking account + savings account balance + current value of automobile + household possessions + Video equipment + home computer + value of stock investment
Total assets = 450 + 1890 + 8800 + 3400 + 2350 + 1200 + 860
Total assets = $18950
2. Total Liabilities = Balance of educational loan + credit card balance
Total Liabilities = 2160 + 235
Total Liabilities = $2395
3. Net Worth = Total assets - total liabilities
Net Worth = $18950 - 2395
Net Worth = $16555
4. Total cash inflow
= Salary = $2185
5. Total cash outflow = Rent + Food + Telephone bill + loan payment + auto insurance + electricity + lunches + donations + clothing + restaurant spending
Total cash outflow = 650 + 345 + 65 + 80 + 230 + 90 + 180 + 160 + 110 + 130
Total cash outflow = $2040
How much money has been lost?Due to the various liabilities that a business has throughout its operations, cash outflow is the process of moving cash outside the business.
What brings in money?Most of the time, sales and growing investments result in cash inflow. Your inflow will reflect daily sales if your business is doing well. That cash outflow might not occur as frequently if you invest for the long term.
How can cash flow be improved?Offering discounts for early payments, leasing rather than buying, improving inventory, conducting consumer credit checks, and utilizing high-interest savings accounts are all methods of increasing a company's cash flow.
Question is incomplete:
the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
Rent for the month
Spending for food
$
650
Monthly take-home salary
$ 345 Cash in checking account
$ 2,185
Savings account balance
$1,890
Balance of educational loan
$ 2,160
$ 65
Current value of automobile Credit card balance
235
$8,800 Telephone bill paid for month $
$ 80
Loan payment
$3,400
Auto insurance.
Household possessions
$
$2,350 Payment for electricity Donations
$ 90
Video equipment Lunches/parking at work
180
$ 160
$ 860
$ 1,200 Personal computer
clothing purchase 110
Restaurant spending.$130
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Which of the following is a regional political and economic union that promotes trade by removing trade barriers and adopting a common currency?
EU
Economic integration, often known as regional integration, is a multi-country agreement to lower or abolish trade barriers and agree on fiscal policies. For example, the European Union represents total economic integration.
Economic integration is a treaty between states that often includes the reduction or elimination of trade barriers as well as the coordination of monetary and fiscal policies. Strict nationalists may be opposed to economic integration owing to fears about losing sovereignty. Economic integration attempts to cut prices for both consumers and producers while also increasing commerce between the nations included in the agreement. When regional economies choose to integrate, trade barriers disappear and economic and political cooperation improves. Economic integration is divided into seven stages, according to experts: preferential trading area, free trade zone, customs union, common market, economic union, economic and monetary union, and total economic integration.
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Is it better to own or rent and why?
(Thank you)
Answer:
Renting offers flexibility, predictable monthly expenses, and someone to handle repairs. Homeownership brings intangible benefits, such as a sense of stability and pride of ownership, along with the tangible ones of tax deductions and equity.
Explanation:
In general, the short-term costs of renting are lower than the costs of buying a home.
Juanita studies her customer profiles, market research data, complaints, and other information, attempting to better understand what her customers want. Juanita most likely operates in the ________ era of marketing.
The correct answer for given question is Juanita's goal is to comprehend how her customer view value in marketing.
Which marketing action is the promotion aspect most directly supporting?The "promotion" component of the traditional marketing mix, usually known as the Four Ps of product, price, place, and promotion, refers to a specific marketing communication activity.
What are the marketing's four Ps?(Explaining the marketing mix) Product, pricing, place, and promotion make up the four Ps. They serve as an illustration of a "marketing mix," or the collection of tools and techniques utilised by marketers to accomplish their marketing goals.
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kinship network clan division of labor oral tradition feudalism renaissance columbian exchange conquistador colony reformation joint-stock company indentured servant enclosure movement great migration
The terms in the list relate to different historical events, social structures, and cultural practices. Here is a brief description of each term:
Kinship network: A social system based on family relationships and blood ties.
Clan: A group of people related by blood or marriage, often with a common ancestor.
Division of labor: Dividing work into different tasks based on skill, age, or gender.
Oral tradition is a way of transmitting cultural knowledge, beliefs, and practices through word of mouth.
Feudalism: A social structure and economic system based on land exchange for military protection and service.
Renaissance: A period of European cultural, artistic, and intellectual renewal from the 14th to the 17th century.
Columbian Exchange: The exchange of goods, animals, plants, and diseases between the Americas and Europe after Columbus' voyages.
Conquistador: A Spanish conqueror who participated in the colonization of the Americas.
Colony: A territory controlled by a foreign power.
Reformation: A 16th-century movement in Europe that sought to reform the Catholic Church and challenge its authority.
Joint-stock company: A business organization where ownership is divided into shares and traded on a stock exchange.
Indentured servant: A person who agreed to work for a set period of time in exchange for passage to a new country.
Enclosure movement: Consolidating small plots of land into larger, more efficient farms.
Great Migration: The large-scale movement of people from rural areas to cities in the late 19th and early 20th centuries.
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Due to the brutal nature of American football, collegiate athletes run the risk of sustaining head injuries over the course of playing the game. High-speed collisions involving blows to the head are especially dangerous.
Suppose the president of the National Collegiate Athletic Association (NCAA) imposes a new rule that requires college football players at all levels to wear a soft, protective covering over their helmet, designed to reduce the impact of hits to the head that occur when playing the sport.
While the new protective coverings worn over helmets (increase or decrease) the probability of injury resulting from blows to the head, the additional safety measures could also incentivize football players to play more (carefully or recklessly) , which could potentially (decrease or increase) the amount of high-speed collisions and thus the number head injuries suffered by college players, all else equal.
Due to the severity of American football, college athletes incur the risk of sustaining head injuries while playing the game. incredibly fast...
What does Injury Meanig mean?
a loss, injury, or act that causes harm or damage: erroneous: a breach of another's rights for which a lawsuit may be brought in order to collect damages.
A few common terms that are synonyms for injury include damage, harm, pain, impair, and mar. All of these verbs have the same semantic meaning, "to affect injuriously," but the word "injure" denotes causing harm to someone's comfort, success, or success. seriously injured in an accident.
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an investor buys 2 rst 40 calls and pays a premium of 4 each. he also buys 2 rst 40 puts and pays a premium of 2.50 each. when purchased, rst is trading at $40.75. on the expiration date, rst is trading at $32.50, and the investor closes his positions for intrinsic value. excluding commission, the investor realizes a: A) $100 profit. B) $100 loss. C) $200 profit. D) $200 loss.
On the expiration date, rst is trading at $32.50, and the investor closes his positions for intrinsic value. excluding commission, the investor realizes $200 profit.
Option C is correct.
Calculating the problem:He pays 800+500=1300 in premiums
the call expires worthless & makes 1500 on the long put = $ 200 profit
What Is Its Intrinsic Worth?
An indicator of an asset's worth is its intrinsic value. A rigorous financial model or objective calculation are used to arrive at this number. An asset's intrinsic value differs from its current market price.
An asset's intrinsic value is typically referred to in finance as a value derived from simplified assumptions. The time value of money and the possibility of future fluctuations are not taken into account when calculating an option's intrinsic value, which is based on the current market value of the underlying instrument.
What is an Indian stock's intrinsic value?A stock's true value is its intrinsic value. The monetary benefit you anticipate receiving from it in the future is used to calculate this. To put it another way, it is the highest price at which you can purchase the asset without losing money when you sell it.
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Which of these items do NOT appear on a balance sheet? - Knowledge that has no patent. - Favorable economic conditions. - Good management.
Correct answer is Favorable monetary conditions.
Off-balance sheet (OBS) belongings are assets that don't appear on the stability sheet. OBS belongings can be used to safe haven financial statements from asset possession and related debt. Common OBS belongings consist of accounts receivable, leaseback agreements, and operating leases.
What is a balance sheet used for?A balance sheet gives you a snapshot of your company's monetary function at a given point in time. Along with an profits assertion and a cash waft statement, a balance sheet can help enterprise owners evaluate their company's monetary standing.
How many sorts of stability sheet are there?Two types of balance sheet exist. They are the document shape and account form. Individuals and small corporations tend to have simple stability sheets. Larger agencies have a tendency to have extra complicated stability sheets, and these are in the organization's annual report.
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How do managers estimate fixed and variable labor costs?
By developing a staffing guide
Through job analysis
Solely by the use of forecasting tools
By comparing productivity and performance standards
By comparing productivity and performance standards.
A _____________ dividend, declared by a corporation's directors, is a distribution of additional shares of the corporation's own stock.
Stock or scrip tips are those paid out in the form of fresh shares of the issuing pot or another pot( similar to its attachment pot).
They're generally issued in proportion to shares possessed( for example, for every 100 shares possessed, a 5-stock tip will yield 5 redundant shares). A tip declared by the board of directors of a company between two periodic general meetings is called an interim tip.
As per Section 2( 35) of the Companies Act, the tip includes an interim tip also. The Board of directors has the power to declare interim tip. Companies frequently pay out a portion of their gains as tips to the shareholders. Tip payouts are a way to give shareholders with a return on their investment. The board of directors issues a protestation stating how important will be paid out and over what timeframe.
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question a national charity contacted 100 randomly selected people by phone, and 7 percent of those contacted made a donation to the charity. the population proportion of those who make a donation when contacted by phone is known to be p
The average of all sample proportions of donors from all randomly selected samples of 100 phone contacts is 0.05.
How can I calculate the sample proportion?The formula for the sample proportion P is P=X/N, where X stands for the number of successes and N for the sample size.
What does sample size's sample proportion mean?You anticipate the sample fraction to reflect the outcomes. This can frequently be ascertained by using the findings of an earlier survey or by conducting a brief pilot study. Use 50% if you're unsure because it's conservative and produces the biggest sample size.
What does sample percentage vs. population proportion mean?A population proportion, abbreviated as p, is the percentage of people in a population who share a particular trait. The sample proportion, abbreviated p, is the percentage of people in a sample who share a particular trait.
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Interest, inflation, and purchasing power Suppose Dalton is an avid reader and buys only reusable tote bagses. Dalton deposits
$4,000
into a savings account that pays an annual nominal interest rate of
10%
. Assume this interest rate is fixed, and so it will not change over time. On the day she makes her deposit, suppose that a reusable tote bags has a price of
$20.00
. Initially, Dalton's
$4,000
deposit has a purchasing power of reusable tote bagses. For each of the annual inflation rates given in the following table, first determine the new price of a reusable tote bags, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Dalton's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest reusable tote bags. For example, if you find that the deposit will cover
20.7
reusable tote bagses, you would round the purchasing power down to 20 reusable tote bagses under the assumption that Dalton will not buy seven-tenths of a reusable tote bags. When the rate of inflation is equal to the interest rate on Dalton's deposit, the purchasing power of her deposit over the course of the year.
The purchasing power of Dalton's deposit will remain the same throughout the year when the rate of inflation is equal to the interest rate on her deposit.
Inflation rate :The rate of inflation The first step in determining Dalton's deposit purchasing power is to determine the new price of reusable tote bags one year later, assuming that it rises at the same rate as inflation.
For instance, if the rate of inflation is 10%, the new price of reusable tote bags will be $22.00 in a year. After that, the corresponding deposit one-year purchasing power can be determined. For instance, if Dalton has a deposit of $4,000 and the new price of reusable bags is $22.00, her deposit will cover 180.9 bags, giving her the purchasing power of 180 bags.
At each of the given inflation rates, the real interest rate can then be calculated. The difference between the nominal interest rate and the rate of inflation is the real interest rate. At 10% inflation, the real interest rate in this example is 0%.
This is because the nominal interest rate will be nullified by the rate of inflation, resulting in a real interest rate of zero percent. Dalton's deposit's purchasing power will remain unchanged in this circumstance.
Rate of inflation, the new tote bag price, the purchasing power of a deposit, and the real interest rate
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2% | $20.40 | 19 tote bagses | 8%
4% | $20.81 | 18 tote bagses | 6%
6% | $21.23 | 17 tote bagses | 4%
8% | $21.65 | 16 tote bagses | 2%
10% | $22.08 | 15 tote bagses | 0%
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A(n) ________ is established when one party licenses another party to use the first party's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.general partnershipimplicit contractfranchiseproprietorship
A franchise is established when one party licenses another party to use the first party's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.
What are trademarks, copyrights, and patents?
Brands, logos, and slogans are protected by trademarks, innovative scientific discoveries and methods are protected by patents, and original literary works are safeguarded by copyright laws.
The ability to safeguard a company's valuable assets, such as patents, trademarks, copyrights, and trade secrets, depends on having a solid grasp of how these assets operate and are produced.
Who is known as a patent?
An invention gets given a patent, which is an exclusive privilege. To put it another way, a patent is an exclusive right to a good or a process that typically offers a new method of doing something or a new technical fix for a problem.
Learn more about patents copyrights and trademarks
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