As part of their allocated responsibilities, property managers are expected to individually prepare and monitor their budgets. The correct option is option a.
Setting and collecting rent, responding to maintenance requests, filling unoccupied units, and possibly establishing the property's budget are all duties of the property manager. To take care of properties they do not live close to or do not wish to manage themselves, real estate investors typically use property managers. The primary duties of a property manager include monitoring the continuing upkeep of the owner's property(ies) and guaranteeing tenant happiness. The agreement with the owner will determine any additional obligations, such as finding renters and managing evictions. In addition to being proactive, involved, up-to-date, and knowledgeable, a property manager needs to be able to listen and communicate. Additionally, he or she should be sensible, resourceful, approachable, and well-spoken. The list of "and's" goes on and on for all the property managers who are tirelessly working to succeed.
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during the month, iris labs co. has a substantial number of transactions affecting each of the following accounts. state for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries.
In double-entry accounting, debits represent money coming in and credits represent money leaving out.
What is meant by Debit and Credit?In double-entry accounting, debits represent money coming in and credits represent money leaving out. There must be a credit of equal value in another account for every debit in the first account. Money that enters an account is referred to as a debit, and money that leaves an account is referred to as a credit. A balance sheet account's debit is its positive side, and a result item's debit is its negative side. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the decrease of a liability or revenue. A credit is what a debit is the opposite of.Accounts Payable - Debit and Credit
2. Accounts Receivable- Debit and Credit
3. Cash -Debit and Credit
4. Fees Earned- Credit Only
5. Insurance Expense- Debit only
6. Dividends -Debit only
7. Utilities Expense- Debit only
The complete question is,
During the month, Gates Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. (IDENTIFY IF THEYRE DEBIT ONLY, CREDIT ONLY OR BOTH DEBIT AND CREDIT)
1. Accounts Payable
2. Accounts Receivable
3. Cash
4. Fees Earned
5. Insurance Expense
6. Dividends
7. Utilities Expense
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manon roy is a payroll accountant who works for a private firm. the most recent professional development course was completed in 2010. which of the following ethical issues has been violated?
Integrity and Confidentiality ethical issues has been violated when He completed his most recent professional development course in 2010.
When a choice, action, or circumstance goes against the organization's or society's ethical issues, there is an ethical problem in business. Due to the possibility that their acts would be questioned from a moral standpoint, both organisations and people may become entangled in ethical concerns. A moral conundrum that has to be handled within an organisation is what is referred to as an ethical challenge in the workplace. The five main categories of ethical concerns in the workplace include unethical accounting, harassment, health and safety, technology, privacy, social media, and discrimination. When you are faced with a decision where each option is morally repugnant in a significant sense, these situations are referred to be ethical dilemmas.
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in the process of planning a new subdivision in georgia, a developer might best improve the chances of local government approval by
Working closely with the local government and community to understand their needs and concerns.
The developer should also conduct a thorough review of the area's zoning laws and regulations, to ensure that the proposed subdivision is in compliance with all local requirements.
Additionally, the developer should consider the potential impact of the proposed subdivision on the local community, including issues such as traffic, noise, and environmental impact. The developer should also engage with the community and stakeholders to understand their needs, concerns, and expectations.
The developer should also demonstrate the benefits of the proposed project to the community and the local government, such as new jobs, infrastructure improvements, and increased tax revenues. The developer should also be willing to make changes to the project as needed to address community concerns and comply with local regulations.
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a borrower was surprised when he attempted to pay off his current loan and was told that he must pay 2% of the loan balance in addition to the balance due. his loan must have included
A borrower was surprised when he attempted to pay off his current loan and was told that he must pay 2% of the loan balance in addition to the balance due. his loan must have included Preplanned penalty clause.
Why is a borrower penalized if they pay off their loan before the end of the loan term?Some lenders charge a fee when you pay off all or a portion of your mortgage loan early. This price is known as a mortgage prepayment penalty. The penalty fee encourages borrowers to repay their principle gradually over a longer period of time so that mortgage lenders can earn interest.
The process of getting a new loan to pay off one or more existing loans is referred to as refinancing a loan. Refinancing is typically done by borrowers to cut their interest rates or otherwise lessen their repayment obligations.
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Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $10 million. The machinery can be sold to the Romulans today for $9.4 million. Klingon's current balance sheet shows net fixed assets of $8 million, current liabilities of $810,000, and net working capital of $247,000. If all the current assets were liquidated today, the company would receive $1.14 million cash.
What is the book value of Klingon's assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
What is the market value? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.
The 2011 balance sheet of Anna's Tennis Shop, Inc., showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2012 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. If the company paid out $505,000 in cash dividends during 2012, what was the cash fl
The book value of Klingon's assets today is $8,577,000. The cash balance of Anna's Tennis Shop, Inc. at the end of 2012 is $64,000.
To solve for the book value of Klingon's assets today, we would need to calculate the total assets and subtract the total liabilities.
Book Value = Total Assets - Total Liabilities
From the information provided, we know that:
Net fixed assets = $8,000,000
Current liabilities = $810,000Net working capital = $247,000Cash from liquidating current assets = $1,140,000Total Assets = Net Fixed Assets + Net Working Capital + Cash from liquidating current assets
= $8,000,000 + $247,000 + $1,140,000 = $9,387,000
Total Liabilities = Current Liabilities = $810,000
Book Value = Total Assets - Total Liabilities
= $9,387,000 - $810,000 = $8,577,000
So the book value of Klingon's assets today is $8,577,000.
To solve for the cash balance of Anna's Tennis Shop, Inc. at the end of 2012, we would need to calculate the change in equity and subtract the cash dividends paid out.
Cash Balance = Change in Equity - Cash Dividends Paid
From the information provided, we know that:
Common stock account in 2011 = $550,000Additional paid-in surplus account in 2011 = $4,700,000Common stock account in 2012 = $590,000Additional paid-in surplus account in 2012 = $5,100,000Cash dividends paid in 2012 = $505,000Change in Equity = (Common Stock Account in 2012 + Additional Paid-in Surplus Account in 2012) - (Common Stock Account in 2011 + Additional Paid-in Surplus Account in 2011)
= ($590,000 + $5,100,000) - ($550,000 + $4,700,000) = $569,000
Cash Balance = Change in Equity - Cash Dividends Paid
= $569,000 - $505,000 = $64,000
So the cash balance of Anna's Tennis Shop, Inc. at the end of 2012 is $64,000.
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The same amount of principal is invested in different accounts earning the same interest rate. Which of the following accounts would have the greatest accumulated value at the end of one year? (0/1 Point) O An account earning interest compounded daily O An account earning interest compounded annually O An account earning no interest O An account earning simple interest
The same amount of principal is invested in different accounts earning the same interest rate. An account earning interest compounded daily of the following accounts would have the greatest accumulated value at the end of one year.
Why does interest compound over time?
You can earn interest on interest, which is known as compound interest. Using simple math, you can see how this works: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You will have $110.25 by the conclusion of the second year.
The best compound interest rate?
The investment with the highest yearly percentage yield is the one that generates the highest amount of compound interest (APY).
Generally speaking, the investments with the highest yields and lowest risk are the best ones for compound interest. Mutual funds, equities, and bonds are a few of the most popular choices.
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Bramble Inc. reported the following at the end of Year 1: revenue = $100,000; assets = $300,000; and operating profit = $50,000. One of Bramble's product lines reported the following at the end of Year 1: revenue = $10,000; assets = $35,000, and operating profit = $3,000.
Which of the following classifications should Bramble use to describe this product line for financial statement presentation purposes?
- Asset group
- Operating segment
- Reportable segment
- Subsidiary
From the following classification, the one which Bramble should use to describe this product line for financial statement presentation purposes is the reportable segment.
A reportable segment is a segment of exploitation which meets one of the criteria set out by the Financial Accounting Standards Board (FASB). The regular income generated by the segment must account for 10 percent or more of the total income, 10 percent or more of the total profits, or 10 percent or more of the total assets of the company.
However, Bramble should use to describe this product line for financial statement presentation purposes. Thus, the reportable segment must also be distinct from the rest of the entity.
Hence, option C is correct.
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a new partner can be admitted to an existing partnership in which of the following ways?investing cash in the partnershippurchasing interest from an existing partner
Another accomplice is owned up to the firm with the common assent of the relative multitude of existing accomplices.
As indicated by the Organization Act 1932, another accomplice can be conceded into the firm just with the assent of the relative multitude of existing accomplices except if generally settled upon. With the confirmation of another accomplice, the organization firm is reconstituted and another understanding is placed into to carry on the matter of the firm.
At the point when another accomplice is conceded by buying interest from at least one of the current accomplices, the complete resources and the absolute proprietors' value of the organization is..... NOT Impacted. The capital (value) of the new accomplice is recorded by moving capital (value) from the current accomplices.
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which of the following types of financing is not addressed in the trec third party financing addendum?
Reverse mortgage financing is not addressed in the TREC Third Party Financing Addendum.
A reverse mortgage financing arrangement allows a person to mortgage a property in order to earn monthly payments against its market value. A Reverse Mortgage Loan (RML) allows a Senior Citizen, defined as someone over the age of 60, to receive monthly payments from a lender against the mortgage on his or her home while retaining the owner and inhabiting the home. Because the Senior Citizen borrower is not obligated to service the loan during his or her lifetime, he or she does not make monthly principle and interest payments to the lender. RMLs are provided by Primary Lending Institutions (PLIs), which include Scheduled Banks and Housing Finance Companies (HFCs) that are NHB-registered. The addendum allows the buyer to cancel the contract in certain situations, such as if he is unable to acquire financing if the property does not meet the lender's underwriting standards.
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C. It costs $1.15 to produce 10 gallons of lemonade. D. The cost of producing the lemonade increases at a rate of $1.15 per 10 gallons. The cost, C, of air conditioning your home, in dollars per day, when the temperature outside is T degrees Fahrenheit is given by y = C(T). When T = 92°F, C(92) = 1.83 and C' (T) = 1.64, for 90°F ≤ T ≤ 95°F. Approximate the cost to cool your home when the temperature reaches 38. 95°F, that is, C (95). A. $6.75 per day C. $2.25 per day 39. B. $3.09 per day D. $6.37 per day hour at which A conical-shaped reservoir has a depth of 20 feet and a radius of 10 feet. Water is leaking out so that the surface is falling at the rate of ft/hr. Find the rate, in cubic feet per water is draining when the water is 8 feet deep. V = = πr²h AT
When the water is 8 feet deep, cubic feet per water are draining. A. (102)(12) per hour
C. (202)(12) per hour
B. (102)(8) per hour
D. (202)(8) per hour 40. 8 feet, h = 12 feet
A. π(10²)(12) per.
How does water function?The majority of living things move through water, which is the primary component of Earth's streams, lakes, and oceans. Chemically, it is transparent, tasteless, odorless, and nearly colorless. It is necessary for all known forms of life, despite the fact that it does not contain any organic nutrients or calories. Its chemical formula, H₂O, reflects the fact that each of its molecules consists of one oxygen atom and two hydrogen atoms connected by covalent bonds. At normal ambient temperature and pressure, H₂O is referred to as water. Fog-like aerosols and rain-like precipitation are the two outcomes. Clouds are formed by suspended and solid ice water droplets. When broken into small pieces, crystallized ice can form snow.
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Suppose the local pharmacy charges lower prices to senior citizens than it charges to younger customers. The pharmacy is practicing: a) perfect price discrimination. b) second-degree price discrimination. c) arbitrage d) third-degree price discrimination. e) non-cost discrimination.
Suppose the local pharmacy charges lower prices to senior citizens than younger customers. The pharmacy is practising third-degree price discrimination
The term "price" describes the sum of money a buyer must pay a seller at a specific time to purchase a particular good. The practice of charging different prices to different clients for the same items is known as price discrimination. When a vendor charges several groups of customers different rates based on attributes like age, income, or geography, this is referred to as third-degree price discrimination.
In the given case, the neighborhood pharmacy charges various pricing depending on the customer's age, with senior residents paying less than younger consumers. The pharmacy is using age as a criterion to decide the cost of the good or service, which is third-degree price discrimination.
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which antipollution policy is the least likely using a cost-benefit analysis?
The anti-pollution strategy that is least likely to use a cost-benefit analysis is passing legislation that outlaws pollution.
When the costs and benefits of an intervention are both described in monetary terms, cost-benefit analysis can be used to compare them. Health outcomes are taken into account in cost-benefit analyses (CBA) and CEA. It is frequently used to assess commercial deals, project investments, and judgements about business or policy (especially public policy).
The results of a cost-benefit analysis will display the project decision's net benefit (benefits minus costs). For instance: It will cost $100,000 to build a new product, with revenues of $100,000 per unit anticipated (unit price = 2). Therefore, 200,000 advantages are sold.
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In X1, Adam and Jason formed ABC, LLC, a car dealership in Kansas City. In X2, Adam and Jason realized they needed an advertising expert to assist in their business. Thus, the two members offered Cory, a marketing expert, a one-third capital interest in their partnership for contributing his expert services. Cory agreed to this arrangement and received his capital interest in X2. If the value of the LLC's capital equals $180,000 when Cory receives his one-third capital interest, which of the following tax consequences does not occur in X2?Multiple ChoiceCory reports $60,000 of ordinary income in X2.Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.Adam and Jason receive an ordinary deduction of $30,000 in X2.Cory reports $60,000 of ordinary income in X2, and Adam and Jason receive an ordinary deduction of $30,000 in X2
If any of the following tax consequences do not occur in X2, Adam, Jason, and Cory are eligible for an ordinary deduction of $20,000 in X2.
Tax, what is it?A tax is a governmental organization's obligatory financial charge or other type of levy on a taxpayer (an individual or legal entity) to fund various public expenditures. The law punishes nonpayment, evasion, and resistance to taxation. Taxes can be paid in cash or in its labor equivalent, and they can be either direct or indirect. The funding of government expenditures is the objective of taxation.
Taxes are used by governments to pay for government obligations, subsidize industries, encourage or discourage specific economic decisions, and fund welfare and public services. In economics, taxation is a component of a nation's fiscal policy because it transfers wealth from private individuals or businesses to the government.
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Which of the following descriptions best fits the term nominal value?
Nominal value is the amount of all income earned in the nation.
Nominal value is the value of all goods and services produced within a country in a year based on market prices.
Nominal value is the value of a good or service actually announced at the time and not adjusted for inflation.
Nominal value is the value of what is produced domestically and what is produced by domestic labor and business abroad in a year.
The description that best fits the term nominal value is Nominal value is the value of a good or service announced at the time and not adjusted for inflation.
This is the most accurate description of nominal value as it is the price of a good or service at the time of purchase, without any consideration for changes in the cost of living. Nominal value does not take into account the amount of income earned in the nation, the value of all goods and services produced within a country in a year, or the value of what is produced domestically and what is produced by domestic labor and business abroad in a year.
Inflation can drastically alter the purchasing power of money, so when nominal value is used, it is important to recognize that the money used to purchase the good or service could be worth more or less in the future. Nominal value is often used to compare the prices of goods and services over time, or to compare the prices of goods and services between different countries. It is important to use nominal value when making comparisons between different countries as it allows for an apples-to-apples comparison, as the purchasing power of money can vary greatly between different countries.
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in smaller organizations, support specialists may perform some user support management tasks, such as project leader, supervisor, or user support manager.
jobs needing administrative, technical, or clerical support for employees and requiring a thorough understanding of personnel policies.
What do first-second-and-third-level support mean?The first line of help offers basic/common assistance; the second line of support is for more complicated activities; and the third line of support is for external services or extremely technology-specific concerns.
What do IT support levels 2 and 3 entail?Level 1 deals with straightforward customer demands that only need minimal IT assistance, Level 2 escalates to more complex issues, and Level 3 makes use of subject matter specialists that can address the most challenging client requirements.
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which of the following modifications to the list of assets and liabilities below would result in an increase in net worth?
Which of the following modifications to the list of following assets and liabilities would improve net worth? In cash, $300.
What types of assets are there?
Along with tangible commodities like machinery, real estate, raw materials, and inventory, intangible assets like patents, royalties, and other intellectual property fall under the category of assets. A resource with economic value that a person, group, or country owns or administers in the hopes that it will one day be valuable is referred to as an asset. A company's assets are listed on its balance sheet. They are broken down into four categories: current, fixed, financial, and intangible. In a nutshell, cash is the initial asset and a current asset on a company's balance sheet.
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one commonality between the department of business and professional regulation and the florida real estate commission is that they both:
both the department of business and professional regulation and the florida real estate commission regulate and oversee the activities of certain professions within the state of Florida.
Professional regulation refers to the oversight and regulation of certain professions by government agencies, such as the Department of Business and Professional Regulation (DBPR) in Florida. The DBPR is responsible for licensing and regulating various professions within the state, such as architects, engineers, and real estate agents, among others.The Florida Real Estate Commission (FREC) is a division of the DBPR and is responsible for regulating the real estate profession in Florida. The FREC oversees the licensing and education of real estate agents and brokers, as well as enforcing rules and regulations related to the profession. The FREC also has the authority to discipline licensees who violate laws or regulations, and to conduct investigations of complaints filed against licensees.
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a company, glenn corporation, is expected to generate cash flows of $45,000 for each of the next 20 years. determine the present value of the firm at a discount rate of 10%.
A company, Glenn Corporation, is expected to generate $45,000 in cash flow over the next 20 years. The present value of the company at a discount rate of 10% is 383,110.
Present Value of Business = Annuity Amount
[1-(1/(1+r)^n]/r = Discount Rate, n = Number of Years Present Value of Business = $45,000
[1-(1/(1+ 0.1)^ 20) ]/.01=383.110.
Investment decisions can be made based on simple analysis. Find a company you like that offers a product you think you might want. The decision may not be based on financial statement screening, but the reasons for choosing this type of company over others are still valid. Their basic prediction is that the company will continue to produce and sell high-demand products, and liquidity will return to business. The second (and very important) part of the equation is that company management knows where to spend that money to keep the business going.
To quantify this idea, you can look at potential cash flows from operating activities and determine their value based on their present value. To determine the value of a company, investors need to determine the present value of operating free cash flow (FCF).
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The cost of postponing the Tokyo Olympics to 2021 in the wake of the Covid- 19 virus outbreak ____ an opportunity cost of hosting the 2020 Olympic Games if ______
Answer:
It's a poster that Tokyo OlympicsOne successful application of consumer-facing IT has allowed providers to do which ofthe following?A.Increase their use of telemedicine*B. Remotely monitor glucose levels of diabetic patientsC.Make office appointments more efficientlyD.Improve their accountability
Option B is correct. The successful application of consumer-centric IT has enabled providers to remotely monitor blood glucose levels for diabetics.
Customer relationship management (CRM) is the combination of practices, strategies, and technologies companies use to manage and analyze customer interactions and data throughout the consumer lifecycle. A CRM system collects customer data through various channels or touchpoints between the customer and the company, such as the company's website, phone calls, marketing materials, and social media. CRM systems can also provide customer-facing employees with detailed information about a customer's personal information, purchase history, purchase preferences, and concerns. A wide range of organizations, from small businesses to large corporations, can benefit from using a CRM system, including:
With easy access to customer information such as previous purchases and interaction history, customer service agents can provide better and faster customer service.
Collecting and accessing customer data enables businesses to identify trends and insights about their customers through reporting and visualization capabilities.
Automate minor but necessary sales funnel and customer support tasks.
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Which of the following is true? The long-run industry supply curve relates the price of a good or service to the quantity produced after all adjustments to a price change have been completed. Every point on a long-run industry supply curve shows a price and quantity supplied at which firms in the industry are earning positive economic profit. In establishing the long-run industry supply curve, factor costs and the number of firms are held constant. In perfectly competitive industries, the long-run supply curve is always horizontal. In perfectly competitive industries, the long-run demand curve is always horizontal.
The long-run industry supply curve relates the price of a good or service to the quantity produced after all adjustments to a price change have been completed.
What's the long- term force wind in an assiduity?
In a sector where expansion doesn't affect input costs( a constant- cost sector), the long- term force wind is vertical. An assiduity with adding product costs( also known as an adding - cost assiduity) has an upward- leaning long- term force wind. When all inputs are erratic, the force of goods is said to be long-run. It implies that all expenditures on property, factory, and outfit are erratic over the long term. Also, there will always be new producers entering the market.
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fill in the blank question. suppose you have a gift certificate for $20 at a diner. you can use it to order a meatloaf or a pot roast. a meatloaf costs $15, and a pot roast costs $14. a meatloaf is worth $18 to you, and a pot roast is worth $15 to you. the opportunity cost of choosing a meatloaf is
Opportunity cost is the concept that when you pick one activity, you forgo the opportunity to engage in another (for instance, an investment) and the opportunity cost in the given situation will be $15.
What does the opportunity cost mean?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory.
More precisely, it means you forfeit the chance to engage in a different activity if you choose one activity (for instance, an investment).
The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities.
For instance, if you purchase a car and use it just for personal transportation, you are not permitted to rent it out; yet, if you do, you are not permitted to use it for personal transportation.
In the given situation, the opportunity cost would be:
Opportunity cost = Cost of product
Opportunity cost = $15
Therefore, the opportunity cost in the given situation will be $15.
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The ____ auction is a form of open auction in which bidding starts at a high price and drops until a bidder accepts the price. a. English c. French b. Dutch d. Spanish. b. Dutch
A Dutch auction (also called a descending price auction) refers to a type of auction in which an auctioneer starts with a very high price, incrementally lowering the price until someone places a bid. This whole process is called as valuation.
In the world of finance, the valuation process entails calculating an asset's current value. It is frequently the hypothetical price that a third party in a commercial setting would pay for a certain asset. Both liabilities and assets can be appraised. Divide the stock price by the earnings per share to arrive at the figure. In actuality, this is one of the techniques most frequently employed to ascertain if a company is overvalued or undervalued. The profit after tax is multiplied in this process to get an approximation of the equity value.
The usage of a valuation allows you to measure performance not just in terms of revenue but also in terms of the expected change in value, allowing you to track the effectiveness of your strategic decision-making process. The three main types of valuation methodologies—market, cost, and income—that are often employed to estimate the economic value of businesses each have advantages and disadvantages.
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What kind of plan - tactical or operational - should be developed first? Why? Does the order really matter? Why or why not? How tactical plans are implemented in your organization? What kind of operational plan that your organization may use or encounter? Which skills do the managers need to develop that plan
In general, the first tactical or operational plan to first develop is a clear strategy and overall direction before developing more specific plans. In order to have a roadmap. Yes, the order matters
What are tactical and operational plans with their imports?Tactical plans are typically shorter-term and focused on specific actions or initiatives that support the overall strategy. These plans often involve specific tactics and actions to be taken by individuals or teams within the organization.
Operational plans, on the other hand, are more focused on day-to-day operations and the management of resources. They are often developed to support the implementation of tactical plans and to ensure that the organization is able to achieve its goals and objectives.
In terms of implementation, tactical plans are often implemented by specific individuals or teams within the organization, while operational plans are implemented by the organization as a whole.
The kind of operational plan that an organization may use or encounter can include things like budget plans, resource allocation plans, and process improvement plans.
Managers developing these plans would need a range of skills including strategic thinking, leadership, financial management, and project management. They should also have a good understanding of the organization's operations and be able to identify areas for improvement.
Therefore, the needs and import of each if the plans are as presented and should be followed.
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demonstrating accountability in business implies which of the following? (choose every correct answer.) multiple select question.
Accountability entails showing up and getting started on the tasks you committed to doing. It's about taking accountability for your own effort.
What is the most important principle of business communication?The first guideline of all business communication is to be clear. A message is unsuccessful if it causes the reader to scratch his or her head. Understanding the message (what you want to say), the method (how you want to tell it), and the medium (how you want to say it) leads to clarity (what format do you want to say it in).According to research, these outcomes are caused by at least four different kinds of relationships: social support, mentoring, helping others, and role models.The business environment is frequently well-known to entrepreneurs, who also have extensive product expertise. The acceptance of a product or service is determined by customer feedback, and the need for quick feedback is not usually one of an entrepreneur's traits.To learn more about Accountability refer to:
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suppose eric is currently using combination d, producing one picture frame per day. his opportunity cost of producing a second picture frame per day is per day. now, suppose eric is currently using combination c, producing two picture frames per day. his opportunity cost of producing a third picture frame per day is per day. from the previous analysis, you can determine that as eric increases his production of picture frames, his opportunity cost of producing one more picture frame . suppose eric buys a new tool that enables him to produce twice as many picture frames per hour as before, but it doesn't affect his ability to produce embroidered sweaters. use the green points (triangle symbol) to plot his new ppf on the previous graph. because he can now make more picture frames per hour, eric's opportunity cost of producing embroidered sweaters is it was previously.
The correct answer to the given fill in the blanks questions about opportunity cost of frame production is 1) 3 frames per day. 2) 4 frames per day. 3) Increases. 4) Higher.
Suppose Eric is currently using combination d, producing one picture frame per day. His opportunity cost of producing a second picture frame per day is 3 frames per day. Now, suppose Eric is currently using combination c, producing two picture frames per day. his opportunity cost of producing a third picture frame per day is 4 frames per day. From the previous analysis, you can determine that as Eric increases his production of picture frames, his opportunity cost of producing one more picture frame increases. Suppose Eric buys a new tool that enables him to produce twice as many picture frames per hour as before, but it doesn't affect his ability to produce embroidered sweaters. use the green points (triangle symbol) to plot his new ppf on the previous graph. because he can now make more picture frames per hour, Eric's opportunity cost of producing embroidered sweaters is higher than it was previously.
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As the auditor for XYZ Company, you discover that a mate-rial sale ($500,000 sale; cost of goods of $300,000) was made to a customer this year. Because of poor internal accounting controls, the sale was never recorded. Your client makes a management decision not to bill the customer because such a long time has passed since the ship-ment was made. You determine, to the best of your ability, that the sale was not fraudulent. Using the framework for ethical decision making, determine whether the auditor should require either a recording or a disclosure of the sales transaction. Explain your reasoning
I would require either a recording or a disclosure of the sales transaction, despite the fact that the customer will not be billed. This is the best decision to ensure the transparency and accuracy of the financial statements, which is in the best interest of the shareholders.
What is sales transaction?Generally, In this scenario, as an auditor for XYZ Company, I would use the framework for ethical decision-making to determine whether the transaction should be recorded or disclosed.
The first step in this framework is to identify the ethical issue at hand, which in this case is whether the auditor should require either a recording or a disclosure of the sales transaction that was not recorded due to poor internal controls.
The next step is to gather relevant facts and data, which in this case would include the sale amount, the cost of goods, and the fact that the customer will not be billed due to the long time since the shipment was made.
The third step is to identify the stakeholders and their interests. In this case, the stakeholders would include the company, the customer, and the shareholders. The company's interest would be to avoid recording the sale and not billing the customer, while the customer's interest would be to not be billed for a purchase they made. The shareholders' interest would be to have accurate financial statements and transparency in the company's financial reporting.
The fourth step is to consider alternative courses of action. In this case, the auditor could choose to require either a recording or a disclosure of the sales transaction, or they could choose not to require either.
The fifth step is to evaluate the alternative courses of action based on ethical principles such as honesty, integrity, and transparency. In this case, I would argue that it would be most ethical to require either a recording or a disclosure of the sales transaction, as this would be in line with the principle of transparency and would provide accurate financial statements for the shareholders.
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Suppose that you initially have $100 to spend on books or movie tickets. The books start off costing $25 each and the movie tickets start off costing $10 each. For each of the following situations would the attainable set of combinations that you could afford increase or decrease?
a. Your budget increases from $100 to $150 while the prices stay the same
b.Your budget remains $100, the price of books remains $25 but the price of movie tickets raise to $20
c. Your budget remains $100 the price of movie tickets remains $10 but the price of books falls to $15
d. Your budget remains $100 the price of movie tickets remains $10 but the price of books falls to $30
a. Your budget increases from $100 to $150 while the prices stay the same. There are more possible combinations-Your budget increased, while prices did not.
b. Your budget remains $100, the price of books remains $25, but the price of movie tickets rises to $20-There are fewer possible combinations. Now, you must give up more books to get the costlier movie tickets.
c. Your budget remains $100, the price of movie tickets remains $10, but the price of a book falls to $15-Your combinations will increase. You can get more of both goods because one of them is cheaper.
How would you define budget in plain English?Budgets are plans for spending money based on income and expenses. In other words, it's a projection of how much cash you'll have coming in and going out over a specific time frame, like a month or a year. (Alternatively, if you're keeping track of the money coming in and going out of your entire home, that's a family budget.)
What does a budget's principal objective?Financial stability is aided by having a budget. A budget makes it simpler to save money for significant purchases like a car or home by keeping track of costs and sticking to a plan. It also makes it easier to pay bills on time and to accumulate an emergency fund. Overall, having a budget helps a person have more stable financial circumstances for both short-term and long-term.
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the following information is related to marigold company for 2020. retained earnings balance, january 1, 2020 $940,800 sales revenue 24,000,000 cost of goods sold 15,360,000 interest revenue 67,200 selling and administrative expenses 4,512,000 write-off of goodwill 787,200 income taxes for 2020 1,194,240 gain on the sale of investments 105,600 loss due to flood damage 374,400 loss on the disposition of the wholesale division (net of tax) 422,400 loss on operations of the wholesale division (net of tax) 86,400 dividends declared on common stock 240,000 dividends declared on preferred stock 76,800 marigold company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. on september 15, marigold sold the wholesale operations to rogers company. during 2020, there were 500,000 shares of common stock outstanding all year.
Retained Earnings Balance, December 31, 2020: $2,716,120
Retained Earnings Balance, January 1, 2020: $940,800
Net Income (Loss) for 2020:
Sales Revenue: 24,000,000
Cost of Goods Sold: -15,360,000
Interest Revenue: 67,200
Selling and Administrative Expenses: -4,512,000
Write-off of Goodwill: -787,200
Income Taxes for 2020: -1,194,240
Gain on Sale of Investments: 105,600
Loss Due to Flood Damage: -374,400
Loss on Disposition of Wholesale Division: -422,400
Loss on Operations of Wholesale Division: -86,400
Total Net Income (Loss): $5,855,960
Retained Earnings Balance, December 31, 2020: $940,800 + $5,855,960 = $6,796,760
Less: Dividends Declared on Common Stock: -240,000
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For the sum of $5,000, Seller Steph has granted Buyer Bill an exclusive right to buy her beachfront condo for $500,000 through the end of the year. After that, she is free to sell or not sell the condo to whomever she pleases.Evaluate the above scenario to determine what type of unilateral sales contract Steph and Bill have entered intolease-to-own contractoption contractas-is contractinstallment contract
The type of unilateral contract Steph and Bill have entered into is an options contract.
An options contract is a contract between two parties to enable a future transaction on an underlying securities at a predetermined price, known as the strike price, before to or on the expiration date. Options are financial tools based on the underlying value of equities such as stocks. An options contract gives the buyer the choice to purchase or sell the chosen underlying asset at a price specified in the contract, either within a specific term or at the expiration date, depending on the kind of contract they hold. An option contract's terms identify the underlying asset, the price at which that security can be traded (strike price), and the contract's expiration date. A normal contract for stocks covers 100 shares, although the share size may be changed for stock splits, special dividends, or mergers.
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