This thought of scarcity leads to the thinking of possibility cost. The chance fee of an motion is what you need to give up when you make that choice.
Another way to say this is: it is the cost of the next pleasant opportunity. Opportunity fee is a direct implication of scarcity.
What is an instance of possibility cost?A pupil spends three hours and $20 at the films the night time earlier than an exam. The chance price is time spent analyzing and that money to spend on something else.
A farmer chooses to plant wheat; the chance price is planting a exceptional crop, or an alternate use of the sources (land and farm equipment).
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Broker Freehand and Broker Get Rich make a deal that Freehand will take all the listings on the north side of town, which are located near his office and Broker Get Rich will take all the listings on the south side near his office. They have agreed not to cross into each other's territories or allow their salespeople to do this. They have also agreed to set their rates at 7% so that the sellers will all pay the same fee. Is this acceptable
No, this is a violation of the Sherman Antitrust.
What makes it "antitrust"?
Competition law is antitrust law. The answer is that these laws were initially created to prevent abuses that were being threatened by or imposed by the massive "trusts" that emerged in the late 19th century.
Price fixing, bid rigging, and market division among rivals (commonly referred to as "horizontal agreements") are the most frequent violations of the Sherman Act and the ones that are most likely to be criminally prosecuted.
Therefore, The Sherman Anti-Trust Act gave the government the right to file lawsuits against trusts and dissolve them.
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if the interest rate paid on a bond is lower than the market interest rate, the bond will sell for an amount that is multiple choice question. less than its maturity value. more than its maturity value. equal to its maturity value.
When the market interest rate exceeds the specified interest rate, a bond will issue at a discount.
Whenever the bond is issued, when the market interest rate is lower than the contractual interest rate?According to the example given above, the bonds will sell for more than their face value if the market rate is lower than the contract rate. As a result, the bonds will trade at a premium since investors are willing to pay more for them if the market rate is 10% and the contract rate is 12%.When the market interest rate exceeds the specified interest rate, a bond will issue at a discount.Inverse correlation exists between interest rates and bond prices. Accordingly, bond prices rise when interest rates decrease and fall when interest rates increase.To learn more about interest rate refer to:
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jameson has the following sources of income: sole proprietorship income $40,000 general partnership operating income $5,000 interest income from general partnership $1,200 what is the amount of self-employment tax jameson owes? round your answer to the nearest dollar. a) $6,358 b) $6,529 c) $6,885 d) $7,069
6,358 is the amount of self-employment tax jameson owes .
Who pays the self-employment tax?
Generally speaking, you must pay self-employment tax if your net self-employment income for the tax year is at least $400.
Along with independent contractors and freelancers, this category also covers those who operate their own businesses.
Self employement income = 40,000 + 5,000
= 45,000
Net earnings from self employment = 45,000 - 7.65%
= 41,557.5
Self employment tax = 41,557.5 * 15.30%
= 6,358
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even one instance of unsafe driving will lower your fico score? . true false
The statement is True. Even one instance of unsafe driving will lower your fico score.
A FICO score is a credit score created via the honest Isaac Corporation (FICO). lenders use debtors’ FICO ratings at the side of different info on debtors’ credit reviews to evaluate credit score danger and decide whether or not to extend credit.
FICO scores keep in mind information in 5 regions to determine credit score worthiness: charge records, the current level of indebtedness, styles of credit used, duration of credit score history, and new credit money owed.
FICO is a main facts analytics software business enterprise that provides services and products to each agency and customer. previously called the honest Isaac agency, the business enterprise changed its emblem call to FICO in 2009 and is pleasantly acknowledged for producing the most extensively used client credit ratings that monetary institutions depend upon to determine whether to lend money or difficulty credit score.
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prior to launching the young pink brand in china, mary kay performed a global environmental scan and identified that chinese women were becoming more mature in their understanding of skin care and cosmetics. this finding is an example of a(n) blank factor.
Environmental scanning is the process of continuously gathering information about and analyzing patterns seen in the outside environment.
What is the clearest way to define environment?Environment may be summed up as the impacts of all of the living and quasi things that have an impact on human life. Non-living or biologic elements include liquid, land, sunshine, rocks, and air, whereas all live or biotic elements include animals, plants, woods, fisheries, and birds.
What is an illustration of the environment?As far as people are concerned, the environment is the natural world, which includes things like the atmosphere, the land, the plants, marine oceans, rivers, & lakes. The phrase simply refers to all of our planet's physical surroundings.
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when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production, as a way to get rid of excess product, it is called blank
When manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production, as a way to get rid of excess product, it is called dumping.
In the world of finance, "dumping" happens when a company or a nation sells its goods abroad at a cheaper price than it does at home. Exporters cut corners in order to compete with the sellers and producers in the importing nation.
Consumers in the importing nation can acquire items at reasonable prices thanks to dumping. The importing nation's local market could be destroyed as a result, leading to job losses and business closures.
By imposing duties and taxes on trading partners, the WTO and the EU control dumping. The existence of dumping must be established with sufficient evidence.
In the exporter's home market, dumping occurs. If a product can be sold for more money abroad, the business can charge less domestically.
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jason has $20 in a savings account. the interest rate is 10%, compounded annually. to the nearest cent, how much will he have after 3 years? formula b
jason has $20 in a savings account. the interest rate is 10%, compounded annually. to the nearest cent, how much will he have after 3 years 20*10%100=2*3=$6
The amount of interest that is due each period and is expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total amount of interest charged on a sum lent or borrowed depends on the principal amount, interest rate, frequency of compounding, and length of the loan, deposit, or borrowing. The interest rate that is determined over a year is the annual interest rate. Other interest rates—frequently annualized—apply to shorter time frames, like a day or a month.The preference for a dollar of now [income] over a dollar of future [income] has been characterized as an index of the interest rateThe debtor demands or
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robert is an agent registered in the state of new york, with most of his clients living in the buffalo area. he has a client who has inherited stock of a canadian bank listed on the toronto stock exchange and the client wishes to sell these securities to his relatives in toronto. which statement is true about this transaction under the provisions of the uniform securities act?
The statement that is true is the transaction is exempt, because it's not the NYSE.
What is a transaction?A transaction is an agreement between buyer and seller to exchange goods, services, or financial assets in exchange for money that has been carried out. This adage is widely used in the corporate accounting. In commercial bookkeeping, it can be challenging to use this straightforward notion. A transaction may be recorded sooner or later by a corporation depending on whether it uses accrual accounting or cash accounting. Transactions in the accounting sector might be trickier because companies might sign a deal today that won't be paid for until tomorrow. Using the accrual method of accounting or the cash method of accounting to record income and expense transactions has an impact on the company's financial and tax reporting.
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Because costs and benefits are both subjective, a cost-benefit analysis of the value of a decision is always based on what
The price a decision maker would be willing to pay for information before making a decision is known as the value of information (VOI or VoI). The value of a decision is always determined by personal opinion because costs and benefits are both arbitrary.
An important fundamental technique for assessing whether one good or product is superior to another is economic analysis of that good or thing. This takes into account the products' prices and advantages.
Due to its subjectivity, many people will now rely on their gut feeling or unconscious thought while selecting a specific good.
Cost-benefit analysis is a methodical process used to decide what to do, how much it will cost, how much it would benefit, and whether the advantages will outweigh the expenses.
Even under identical circumstances, people utilise cost-benefit analysis to reach different judgements since costs and benefits are both arbitrary.
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Which are the three core roles in a Scrum project and how do they interact with each other and the customer?
Scrum team or also known as Scrum project has three major roles. There are product owner roles, ScrumMaster roles, and also development team roles.
Scrum teams or also known as scrum projects generally can be defined as an Agile project management methodology that has a function to involving a small team led by a Scrum master. Scrum teams has a main job to remove all obstacles to getting work done. Scrum teams including several peoples that work together and bring a product from an idea to life. There are several types of scrum teams, such as Sprint Planning Meeting, Daily Scrum Meeting, Sprint Retrospective Meeting, Backlog Refinement Meeting, and also Sprint Review Meeting.
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what are some reasons that people act unethical? a. it is hard to balance the different needs of customers, owners and others b. different cultures have different values and beliefs c. we see poor role models all around us d. all of the above are reasons people act unethical
There are some issues where making unethical decisions is more likely. When they cannot immediately see the consequences of their actions, employees are more prone to act unethically.
Why do people behave unethically?People who value morality sometimes behave unethically due to social and environmental forces. the procedures for forming moral decisions. According to their research, people only tell lies when they can do so without compromising their belief that they are an honest person.
What are the root causes of unethical behavior in modern society?The basic causes of immoral behavior are psychological traps. Some of these traps, which are psychological in nature, alter ideas of right and wrong to the point where a person begins to believe that engaging in unethical activity is acceptable.
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All else equal, if there are diminishing returns and constant returns to scale, then what happens to productivity if capital and labor both increase but capital increases by more
If, all else being equal, labor and capital have declining returns, what happens to productivity if both capital and labor rise by the same amount then the a. Productivity will undoubtedly decline.
It is critical in company to achieve a level of optimal output. This guarantees that all production parameters are exploited to their full potential. Making changes to production components, or inputs, has diverse consequences and may be studied in a variety of ways. Diminishing marginal returns are a result of increased input after an optimal capacity has been attained. At the same time, at least one production variable, such as labor or capital, is held constant. According to the legislation, this increase in input will result in a lower rise in output. Returns to scale quantify the change in productivity caused by increasing all production inputs over time.
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the buyers have $150,000 cash to buy a property. the home they would like to purchase will take $180,000. they are both over 65 and do not want payments. which is the best choice for accomplishing their goal?
Borrow money with a reverse mortgageCan you use a reverse mortgage to borrow against the equityWith a reverse mortgage, homeowners may borrow a portion of their home's equity as tax-free income if they are 62 years of age or older and have paid off their mortgage
Borrowing money might be used to establish a new business pay for college tuition, or finance a new housePeer-to-peer lending and loans through 401(k) plans are two additional financing possibilities in addition to traditional financial institutions including banks, credit unions, and financing firms (k) Banks, credit unions, and finance firms are examples of conventional lenders. Sociallending and crowdlending are other names for peer-to-peer lending Banks provide a number of options to borrow money, including mortgage products, personal loans, vehicle loans, and construction loans. They also provide possibilities. Borrowers should be aware of the terms, interest rate, and costs of the loananks
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the premium on a three-year insurance policy expiring on december 31, 20x4 was paid in total on january 2, 20x2. if the company has a six-month operating cycle, then on december 31, 20x2, the prepaid insurance reported as a current asset would be for:
On January 2, 20X2, the full premium for a three-year insurance contract that would expire on December 31, 20X4 was paid. The prepaid insurance reported as a current asset on December 31, 20X2, would be for a period of 12 months if the business has a six-month operational cycle.
The operating cycle is what?The term "operational cycle" refers to the period of time it takes for a business to buy goods, sell them, and get payment. It is, in other words, the amount of time needed for a company to turn its inventories into cash. An operating cycle might be of any length, depending on the industry.
At the conclusion of 20X2, there are two years of coverage left. The cost of insurance for 20X3 is a current asset because it will be consumed within a year of the 20X2 Balance Sheet. A current asset is determined by the longer of the operating cycle or one year. Any length of operational cycle, as long as it wasn't more than a year, would provide the same outcome. The operating cycle's result of the death than, say, eight months is unaffected by the prepaid insurance's partition into an as often (to expire within a year from the 20X2 Balance Sheet) as well as a long-term component (the portion to end after 20X3).
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Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50. Both Melvin and Cindy earn 5 percent annual interest on their funds, and there are no tax considerations in this problem. Based on the provided information
The generally held advice is you need to reach a net worth 25 times your annual cost of living to theoretically live off your savings for the rest of your life.
What is retirement?Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes
radiational retirement.Semi-retirement.Temporary retirement.Interest accrues over time, which allows small, regular contributions to grow to significant retirement savings. Retirement assets can be carried from one employer to another. The saver's credit may be available to some employees. Employees can improve financial security in retirement.To learn more about deposit refers to:
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The complete question is :
Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50. Both Melvin and Cindy earn 5 percent annual interest on their funds, and there are no tax considerations in this problem. Based on the provided information :____________
a) and assuming they retire at age 50, Cindy will have less than 50 percent more than Melvin
b) and assuming they retire at age 50. Cindy will have exactly 50 percent more than Melvin.
c) and assuming they both retire at age 60. Cindy will have less than Melvin.
d) the difference between the two will get larger with higher inflation
e) and assuming they retire at age 50. Cindy will have over 50 percent more than Melvin.
in recent years, haverhill corporation has averaged net income of $10 million per year on net sales of $100 million per year. it currently has no long-term debt, but is considering a debt issue of $5 million. the interest rate on the debt would be 8 percent. haverhill currently faces an effective tax rate of 20 percent. what would be
The income statement includes all expenses incurred by the company, such as interest on debt and taxes. Taxes are paid after the interest on the debt is paid.
An increase in interest expense reduces taxable income, thereby reducing tax expense.
Annual Interest Tax Shield = $105,000
Total Debt = $5 million
Interest expense = 6% of $5 million = $300,000
Since there was no debt initially, there was no interest expense. It currently accrues $300,000 in interest expense. An income statement is one of the three main financial statements used to report a company's financial performance for a particular accounting period. Two other important statements are the balance sheet and the cash flow statement.
An income statement focuses on a company's revenues, expenses, profits, and losses in a particular period of time. The Income Statement, also known as the Profit and Loss Statement (P&L) or Profit and Loss Statement, provides valuable insight into a company's operations, operational efficiency, underperforming sectors, and performance relative to its peers.
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rest cent. 53. find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously
The total value of an investment of $10,000 made over the course of five years at an interest rate of 5.5 percent is 158276.3672.The time is compounded semi annualy.
What is 5 years compounded semiannually?Let future value (FV) be PV = present value , r is the annual interest rate , n is the annual compounding frequency and t is the number of years the investment will last.
[tex]$\mathrm{FV}=\mathrm{PV}(1+\mathrm{r} / \mathrm{n})^{\mathrm{t}}$$10000\left(1+\left(\frac{5.5}{2}\right)^5\right)=158276.3672$[/tex]
The compounding time is six months when interest is compounded semiannually. The total interest accrued up to that point is therefore multiplied by nine when a five-year loan with semiannual compounding is taken out.
$10,000 is the starting balance, 10 years are required to invest, 5% interest will be earned during that time, and 12 times will be added to the initial balance. We must find the investment's future value FV. The investment you made will be worth $16,470.09 in ten years.
Therefore the correct answer is option a. compounded semiannually .
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a customer has $24,000 to invest in mutual fund shares. the registered representative advises the customer to invest $8,000 on abcd fund; $8,000 in deff fund; and $8,000 in xyzz fund; to give the customer complete diversification and reduce risk. these 3 funds all have different sponsors. this action is:
A customer has $24,000 to invest in mutual fund shares.The registered representative advises...different sponsors. This action is a violation known as a breakpoint sale. Hence, option (b) can be regarded as correct.
Give a brief account on mutual funds.An investment vehicle called a mutual fund combines shareholder money to buy securities including stocks, bonds, money market instruments, and other assets. Professional money managers run mutual funds. They distribute the assets of the fund and work to increase investors' capital gains or income. The investing objectives outlined in a mutual fund's prospectus are reflected in the portfolio's structure and upkeep.
Review the fund's policies regarding exchange costs or redemption fees before selling any shares of a mutual fund, even if they are considered liquid assets and can be sold at any time. Capital gains obtained through a mutual fund redemption could also have tax ramifications. When buying securities like stocks, bonds, or mutual funds, all investments carry some level of risk.
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The complete question is mentioned below :
A customer has $24,000 to invest in mutual fund shares. The registered representative advises the customer to invest $8,000 on ABCD fund; $8,000 in DEFF fund; and $8,000 in XYZZ fund; to give the customer complete diversification and reduce risk. These 3 funds all have different sponsors. This action is:
A. appropriate for the customer
B. a violation known as a breakpoint sale
C. a violation known as spinning
D. a violation known as interpositioning
if a company sells 5000000 shares of ownership stock for $2 per share, and the value of each share rises to $3, what is the market capitalization of the company
The company's market capitalization is $15,000,000. A company's market capitalization is the total value of the company's outstanding shares.
In this case, the company sold 5,000,000 shares at $2 per share, so the total value of the company's outstanding shares is 5,000,000 x $2 = $10,000,000. If the value of each share rises to $3, then the total value of the company's shares outstanding is 5,000,000 x $3 = $15,000,000. Therefore, the company's market capitalization is $15,000,000. This figure is used to determine the overall market value of a company and is often used by investors to evaluate the potential risk and return of an investment in a particular company.
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the employees at herby financial often complain that they are not provided feedback about their work. they feel that they do not get proper information as to how they have performed and the areas in which they need to improve. they also claim that the performance goals are vague and not measurable. which hr function does herby financial need to specifically improve upon to resolve the complaints put forth by its employees? group of answer choices performance management
Performance management is the HR function that Herby financial need to specifically improve upon to resolve complaints put forth by its employees.
What is performance management?Managers can monitor and evaluate employees' performance through performance management, a corporate management strategy. The goal of performance management is to create an environment where employees can work as hard as they can and produce the best work most effectively and efficiently. Performance-management programs employ conventional tactics including establishing and assessing goals, targets, and milestones. They also work to define effective performance and provide tools for doing so. Performance management systems allow managers to alter workflow, propose fresh approaches, and make other decisions that will help staff members meet their objectives. As a result, the organization is in a position to meet its goals and perform at its peak.
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what is considered a human rights abuse by an american company may be viewed as an acceptable business practice in china, which illustrates that
Which illustrates that moral standards are relative to particular societies.
The Covenant deals with so much rights as opportunity of development; uniformity under the steady gaze of the law; the right to a fair preliminary and assumption of guiltlessness; opportunity of thought, heart and religion; opportunity of assessment and articulation; serene gathering; opportunity of affiliation; cooperation in open issues and decisions; and security of minority rights. It restricts erratic hardship of life; torment, savage or corrupting treatment or discipline; bondage and constrained labor; inconsistent capture or detainment; erratic impedance with security; war misleading publicity; segregation; and support of racial or strict disdain.
A progression of international human rights treaties and different instruments embraced starting around 1945 have extended the group of international human rights regulation.
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elevating the risk decision up the chain-of-command is part of what risk management principle?
Elevating the risk decision up the chain-of-command is part of Make risk decisions at the right level.
What is Risk Management principle?When the advantages outweigh the costs, take chances. Avoid taking excessive risks. Plan ahead to anticipate risks and control them. Take calculated risks when making judgements. Effective reporting, communication, process improvement in business, pro-active design, and contingency planning are the pillars of risk. Three steps make up the risk management process: risk analysis and assessment, risk evaluation, and risk mitigation. The three aspects of risk management are discussed in further detail below, along with suggestions for streamlining the procedure. Identification, evaluation, and control of risks to an organization's resources and profits are steps in the risk management process. These risks have many different causes, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.To learn more about Risk Management refer to:
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TRUE/FALSE. You do not need to see proof of cash donations made by a taxpayer if you feel that the information is not unusual or questionable.
This statement is False. Even if the information provided is not unusual or questionable, proof of monetary donations must still be seen. The Internal Revenue Service (IRS) requires taxpayers to provide documentation for all monetary donations to ensure accuracy.
According to the IRS, cash donations must be accompanied by a written record, such as a canceled check, bank or credit union statement, or written communication from a charitable organization. In addition, all cash donations must be made on or before the tax return due date. If a taxpayer is unable to document a cash donation, they may be subject to penalties and/or interest.
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the chartered global management accountant (cgma) designation can be earned by accountants. what areas of advanced knowledge are tested on the cgma exam?
Finance, Operations ,Strategy and Management are the areas of advanced knowledge are tested on the CGMA exam.
What kind of accountant is CGMA?Certified in Global Management Accounting (CGMA) Professionals that excel in finance, operations, strategy, and management are given the CGMA title. To retain the maximum relevance with companies and build the most in-demand competencies, it is supported by thorough global research.
CGMA vs. CMA: Which is superior?The CMA exam includes a considerably greater variety of management accounting topics than the CGMA exam. In other words, if your ultimate aim is to gain management accounting knowledge and skills to increase your impact at work, the CMA accreditation is the way to go.
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motivation that is driven by raw reactions is called . question 5 options: a) hedonic b) effect c) utility d) affect
Answer: A) Hedonic. Hedonic motivation is driven by raw reactions, such as pleasure or pain. This type of motivation is often driven by emotions or desires, and is not necessarily based on a rational decision.
Hedonic motivation is driven by raw reactions, typically involving pleasure and satisfaction. This type of motivation is based on the individual experiencing a feeling of gratification when their needs are met or when they reach their desired outcome. Hedonic motivation is typically associated with the idea of “instant gratification” because the individual will usually receive a positive outcome quickly, which can be satisfying and motivating in the short-term.
One example of hedonic motivation is someone who is trying to lose weight. They may set a goal of going to the gym every day and eating healthier foods. However, when they achieve their goal and see an immediate result, such as losing weight, they experience a feeling of gratification and satisfaction. This feeling of satisfaction can be motivating and can help them stay on track and continue to meet their goals.
Effect motivation is another type of motivation that is driven by raw reactions. This type of motivation is based on the individual experiencing a feeling of accomplishment or success when they reach a desired outcome or complete a task. Effect motivation can be used to help an individual stay on track and continue to meet their goals, as it provides them with a sense of accomplishment and pride.
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Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs.
When should an order for carved chocolate eggs be released?
at the start of week 5
at the start of week 3
at the start of week 4
at the start of week 2
at the start of week 6
It is not specified when an order for carved chocolate eggs should be released. The statement only states that each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs.
Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs.the order for carved chocolate eggs be released .It is not specified when an order for carved chocolate eggs should be released, as it can vary depending on the specific business or individual making the order. It is best to check with the manufacturer or seller for their specific release dates for carved chocolate eggs.
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Accounting Term Definition 12. Monetary unit assumption b. 13. Economic entity assumption 14. Going concern assumption g. 15. IASB
12.Monetary unit assumption, assumes that items on the financial statements are recorded in a monetary unit 13.Economic entity assumption, requires an organization to be a separate economic unit 14.Going concern assumption, assumes that an entity will remain in operation for the foreseeable future 15.IASB, creates International Financial Reporting Standards
According to the monetary unit assumption, a business should only enter quantifiable financial transactions into its accounting accounts. It makes the case that a deal or corporate activity shouldn't be documented in financial records if it cannot be quantified in a floating economy like the dollar. The monetary unit concept is an accounting tenet that implies monetary units may be used to measure and communicate business transactions or occurrences and that they are reliable and stable. In other words, money is the international language of business and finance. Whatever currency it is, as long as it is secure and can be compared to other currencies, is OK.
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the details behind the financial statement are often disclosed in the
The Worksheet typically provides the information needed to create the financial statement. The previous information is also included in this spreadsheet, which the SAP ERP system updates.
The saps ERP financial accounting software module, which also produces financial statements for external reporting, records all financial activities in the general ledger accounts. ERP software is a subcategory of modular applications that unifies the business operations of an organization onto a single platform.
By logging all financial activity in the general ledger accounts, the SAP ERP financial accounting software module reliably tracks cash flow, fixed assets, and productivity against budgets and also provides financial statements for external reporting.
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between his ability to negotiate and his background in construction, erin doesn't want to be tied down to any one agent while he looks for a home to buy. in fact, he might just do the whole thing on his own. what type of buyer agency agreement would erin most likely enter into?
Correct answer is An open buyer-agency agreement.
An open consumer enterprise agreement in reality potential the accountability of selling your property is allotted throughout more than one agents. When the property sells, fee is only paid to the agent who added in the buyer.
What are the features of an open buyers company agreement?This is a nonexclusive company contract between a client and a dealer and only the broker who virtually locates the property that the client sooner or later purchases is entitled to the commission.
What is an instance of an employer agreement?When a manager offers a worker permission to entire a specific undertaking while they are employed, that is an instance of an employer agreement in action. Here, a contract outlining the quite a number obligations of the agent may also be drafted.
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https://brainly.com/question/28233870#SPJ4at the end of year 1, lane co. held trading debt securities that cost $86,000 and which had a year-end market value of $92,000. during year 2, all of these securities were sold for $104,500. at the end of year 2, lane had acquired additional trading debt securities that cost $73,000 and which had a year-end market value of $71,000. what is the impact of these stock activities on lane's year 2 income statement?
Sale of debt securities held. The profit of $12500 is recognized as income in the financial statements. The Acquisition of Additional trading securities does not affect the income statement it is a balance sheet transaction
What is the income statement?debt securities were sold for $104500. The debt securities had a cost of 86000 and a Fair value of $92000. since the value of the Debt securities would have been Recognized at their Fair Value of $ 92000 in the Balance sheet, the Profit on Sale (Income) of debt securities in year 2 will be104500 - 92000 = 12500.A profit on sale (income) of 12500 would be Recognized in the income statement for year 2.The Acquisition of additional Trading securities at a cost of $73000 will not affect the income statement because acquisition of an asset is not an expense. the acquisition of additional trading securities will only affect the Balance SheetTo learn more about income statement refers to:
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