A financial institution's account balance is the sum of money it has on hand during the current accounting period.
$16,000 in retained earnings
$50k total assets
$50,000 in liabilities and equity overall.
How to find the calculation?When the balance from the prior month is added, it represents the net difference between the credits and debits that were recorded during any particular accounting cycle.
Making the necessary accounts in order to create a balance sheet
ANALYSIS SHEET
ASSETS
Cash 3,000
Land 18,000
Resources 26,000
Assets totaling $50,000
LIABILITIES
3,000 in Accounts Payable
20,000 in notes payable
23,000 in total liabilities
EQUITY FOR STOCKHOLDERS
11,000 Common Stock
16,000 in retained earnings
[(3,000+18,000+26,000)-(3,000+20,000+11,000]
27,000 total equity
$50,000 in liabilities and equity overall.
Consequently, the balance sheet contains:
$50k total assets
$50,000 in liabilities and equity overall.
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VW’s decision to commit significant financial and R&D resources to electric vehicles can best be described as ____ approach to business ethics. VW’s goal of being the world leader in electric vehicles together with its decision to devote large resources to the effort signals.
VW's decision to commit significant financial and R&D resources to electric vehicles can best be described as a proactive approach to business ethics. By committing large resources to the development of electric vehicles, VW is proactively addressing societal concerns about climate change and environmental sustainability.
Additionally, by positioning itself as a leader in the electric vehicle market, the company is proactively working to align its business goals with the values and expectations of its stakeholders, including customers, investors, and society at large. This approach can be seen as a way of building trust, reputation and responsibility.
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Earnings per share is the most often quoted measure of a stocks performance and value to stockholders what realtionship is there between eps and the desirability of buying and holding a stock explain
EPS is a widely used metric for estimating corporate value because it shows how much money a company makes for each share of stock it owns.
Why is earnings per share (EPS) an important metric?
EPS informs investors about the profitability of a company's investment. Consistent EPS growth may indicate the company's profitability, implying that it will be able to pay higher dividends in the future.
EPS is an abbreviation for earnings per share. This metric informs investors how much money a company makes per share. EPS is a popular way to assess a company's profitability. To determine a company's EPS, subtract any preferred dividends from its net income.
Therefore, A higher EPS indicates greater value because investors will pay more for a company's shares if they believe the company's profits are greater than its share price.
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Which of these correctly defines a role of investments?
Investments address the timing of cash flows most desired by investors correctly defines a role of investments.
The net amount of cash and cash equivalents coming into and going out of a corporation is referred to as cash flow. Money spent symbolises outflows, whereas money received represents inflows. The net balance of cash coming into and going out of a firm at a certain period is referred to as cash flow. A business's cash is continually coming in and going out. For instance, when a merchant purchases merchandise, money leaves the company and goes to its suppliers. Expenses incurred in the normal course of business are included in cash flow from operations. Payroll, cost of products sold, rent, and utility costs are a few examples of these financial outflows. When corporate activities are extremely seasonal, cash outflows might vary significantly.
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An 1-9 form is also called a Wage and Tax Statement.
O True
O False
Answer:
False
Explanation:
Form I-9 is the Employment Eligibility Verification.
Form W-2 is the Wage and Tax Statement.
False, 1-9 form is not Wage and Tax Statement. W-2 form is called Wage and Tax Statement.
Tax statements are statements that will be sent to each UK taxpayer each year detailing their Income Tax and National Insurance payments. It was set to be released in 2014.
Ben Gummer proposed annual tax statements in 2012, with the goal of showing itemized spending by department in proportion to the amount the taxpayer paid in the previous year.
While welcoming it in principle, Labor MP Chris Bryant opposed it because the figures were estimates rather than actual figures. Gummer's proposal was well received by the press in the UK and The Wall Street Journal in the US. It was included in the 2012 budget & because of introduction in 2014, with George Osborne calling it "an excellent idea".
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supporters of globalization believe that tougher environmental regulations and stricter labor standards are a natural aspect of economic progress.
True, Stronger environmental laws and higher labor standards, according to proponents of globalization, are a necessary part of economic development.
How does globalization affect environmental standards?Globalization has some advantages, but it has also had negative consequences on the environment (Xia et al., 2022). Globalization has facilitated deforestation and massive consumption of non-renewable fossil fuels and natural resources. Trade, especially import and export, is given a lot of attention by globalization.
How has globalization affected the state of the economy today?Globalization results in a general decline in production costs. It would seem that businesses may charge less for their products. A significant factor in improving quality of life is the average cost of commodities. The range of products available to consumers has likewise increased.
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13. A business is likely to have sufficient working capital if the current ratio is between?
a. 0 and 1
b. 1.5 and 2
c. 1 and 2
d. 2 and 3
Explanation:
Most analysts consider the ideal working capital ratio to be between 1.5 and 2. 12 As with other performance metrics, it is important to compare a company's ratio to those of similar companies within its industry.
A summary of material requisition slips and time tickets, along with the overhead allocation, show the following costs: Job No. Material Requisition Slips Factory Labor Time Tickets Overhead Applied 131 $500 $200 $60 132 240 280 84 133 380 160 48 134 355 280 84 Not job specific 90 120 0 $1,565 $1,040 $276 A. Prepare an entry to record the assignment of direct material to work in process. If an amount box does not require an entry, leave it blank. Fill in the blank 5f0fccfa307d055_2 fill in the blank 5f0fccfa307d055_3 fill in the blank 5f0fccfa307d055_5 fill in the blank 5f0fccfa307d055_6
A)Work in process is debited and Direct material is credited by $1475
B) Work in Process is debitedand direct labor is credited by $920
C) Work in Process is debited and manufacturing overhead is credied by $920 .
The Entries will be as follows:
Particulars Debit Credit
A. Work in Process Dr. $1475
To Direct Material $1475
(To record direct material used for Job 131,132,133 and 134)
B. Work in Process Dr. $920
To Direct Labor $920
(To record labor cost direct for Jobs 131,132,133 and 134)
C. Work in Process Dr. $276
To Manufacturing overhead $276
(To apply overhead to Jobs 131,132,133 and 134)
Working notes:
Total Direct material cost = 500+240+380+355 = $1475
Total Direct Labor Cost = 200+280+160+280 = $920
Total cost of Manufacturing overhead applied = 60+84+48+84= $276
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Which of the following must be true when the marginal is negative Mcq?
The average is negative
The average is decreasing
The total is negative
The total is decreasing
When marginal is negative, it must be true that d) the total is decreasing.
As it becomes completely unfavorable to consume another unit of any product, marginal utility might turn into negative utility. Because marginal utility is the rate of total utility, when marginal utility is negative, total utility begins to decrease because consumption of an extra unit of that product delivers negative results.
Total utility is the overall enjoyment derived by a consumer through the use of specific commodities and services. Each every unit of products or services has its own marginal utility.
Total utility is the sum of all such individual objects' marginal utilities. A customer's principal concern is to obtain the greatest quantity of utility at the lowest possible cost.
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inflation is assumed to be a temporary problem that does not affect financial decisions. True/False ?
The statement 'inflation is assumed to be a temporary problem that does not affect financial decisions' is false as inflation is not a temporary problem.
Inflation is not a temporary problem and can have a significant impact on financial decisions.
When inflation is high, the purchasing power of money decreases, meaning the same amount of money can buy fewer goods and services.
This can affect how much money an individual or business has to spend, as well as the amount of money they can save.
Additionally, when inflation is high, interest rates tend to rise, making it more expensive to borrow money. These factors can all have a negative impact on financial decisions and should be taken into consideration when making them.
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no federal income tax withheld on paychecks of less than $600.
a. true
b. false
The concept is Federal Income Tax, which is the income tax you pay to the federal government. The answer is option A, true.
Federal income tax is the tax you pay to the federal government on your annual income. Typically, your employer will deduct federal income tax from your wages. Corporations and other legal entities also pay federal income taxes.
As an employee, you do not need to earn a minimum income to withhold federal and state income taxes. State income tax is based on the employee's registration status, number of credits/remissions, income, and IRS withholding tables. All of these factors determine the amount of federal withholding tax on an employee's income.
An employee may earn a small income, but because they have multiple tax exemptions, they owe federal income tax. He can earn a substantial income, but has so many tax exemptions that he pays no federal tax revenue. In the latter case, the employee could feel indebted to the IRS unless the employee genuinely has the right to request multiple waivers.
If the employee is entitled to exemption, no federal tax is withheld. The state withholding tax depends on similar factors. In addition, FICA taxes are based on a fixed percentage that must be paid regardless of the level of income.
If your income is equal to or less than the sum of the exemption and withholding standards, the IRS does not require you to file a tax return.
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What are some examples of a mixed market economy?.
Answer:
China
Singapore
Norway
Vietnam
Which type of financing is most similar to using a credit card?
Answer:
Short-term financing
Short-term financing has terms similar to credit cards. It usually includes a grace period, a set interest rate, and monthly minimum payments.
Explanation:
changes in the or system in the u.s. has an effect on business. True/False ?
The statement above is true. It is because if the system in the business is being change, it will make process production, planning process, distribution process, management, and other also being change.
Business in economic generally can be defined as the efforts and activities of a person who is producing goods or offering services with the intent to sell them for profit. In the business, Systemic change generally can be defined as a condition where relationships between different aspects of the system have changed towards new outcomes and goals. If a system in the organization being change, it will impact through another aspect, such as process production, planning process, distribution process, management, and other.
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Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.
1. collect and analyze data, and present the results to clients
2. keep up to date on current product trends
3. look at analyses conducted by other firms, and inform clients of the findings
4.test different marketing strategies to identify the best one
Producing research involves gathering and evaluating data, as well as presenting the findings to clients.
Consuming - One activity related to consuming research is staying current on market trends. This is due to the fact that current research or data on product trends are reviewed and analyzed rather than fresh research being conducted.
Generating - A task included in producing research is testing many marketing techniques to find the most effective one. This is due to the fact that it entails performing fresh research by testing various marketing methods and assessing the outcomes to establish the most effective course of action.
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During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober. b. guest's BAC was checked throughout the evening. c. server recently attended proper alcohol training. d. server contributed to the injury.
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober.
When it comes to civil lawsuits concerning alcohol service, courts will assess if a designated driver was present and stayed sober.
This individual is essential for ensuring the safety of all individuals involved, and their sobriety is essential when it comes to upholding the legal standards and regulations in place.
If a designated driver is found to have been irresponsible with their alcohol consumption, then this could put the safety and wellbeing of all involved in danger, and could result in legal ramifications.
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what does it mean when your tax return is accepted
When you receive the confirmation from the IRS that your return has been accepted, it implies that they've reviewed it and that it has managed to pass their initial inspection.
An income tax return (ITR) is a component used to report your earnings and taxes to the Income Tax Department. A taxpayer's tax liability is determined by his or her income. If the return demonstrates that excess tax was paid during the year, the individual is eligible for a refund of income taxes from the Department of Income Taxes. Individuals and businesses that earn any revenue during a fiscal year are required by law to file an income tax return each year. The income could come from a salary, business earnings, income from real estate, dividends, capital gains, interest, or other sources.
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How to calculate opportunity cost from a production possibilities curve?.
To calculate opportunity cost from a production possibilities curve or PPC with the help of the return and the profitable investment choice.
The opportunity cost is the cost of a particular activity in which the value of the given activity relative to the engaging in an alternative activity.
The opportunity cost is calculated by the return on the most profitable investment choice is minus from the return on investment chosen to pursue.
The production possibilities curve or PPC is a curve in which observes the scarcity and the opportunity costs of choices when faced with the possibility of producing two products or services.
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when jerry started his small appliance manufacturing company in the 1950s, every component part was made in the united states and the product was assembled in the united states. today, he sources the components from china. the change at this company is an example of the _____.
In a situation, wherein Jerry sources the components for his small appliance manufacturing company from China, then the change at the company can be said to be an example of the globalization of the product.
The process of globalization is to be brought into interpretation as the aspect through which a brand is able to sell its products across different countries, other than the country of its origin. Globalization is said to be a positive aspect for development of a product, and establishing its position in the international markets.
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What is the largest denomination bill issued today?
Since July 13, 1969, when the bigger denominations of $500, $1,000, $5,000, and $10,000 were discontinued, the $100 note is the greatest denomination that has been produced and used in circulation.
The banknotes and coins that have been manufactured and released for usage in the economy are known as the currency in circulation. Notes and coins kept in the vault of the central bank, including notes and coins given back to the central bank by banks, are not regarded as money in circulation. The U.S. dollar continues to be the preferred reserve currency worldwide, regardless of how much money any one nation has in circulation. The United States benefits greatly from this on the international scene. The cost of oil, for instance, is expressed in USD. Under otherwise normal economic conditions, inflation may occur if the money supply expands more quickly than economic production. The rate of average price rises for goods and services over time is known as inflation.
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If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report ________.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report liability.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report a liability on its balance sheet for the amount of the loan.
The liability will typically be reported as a current liability if the note is due to be paid within the current year, or a long-term liability if it is due to be paid beyond one year.
The company will also need to record any interest expense associated with the loan, as well as any loan payments made during the period.
The loan payment will increase the cash balance of the company and reduce the total loan balance, resulting in a reduction of the liability on the balance sheet.
Finally, the company should also record any accrued interest on the loan over the course of the year, which will increase the interest expense and the liability balance.
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one way for government to actively promote entrepreneurship is to allow private of businesses.T/F
False, one way for government to actively promote entrepreneurship is to allow private of businesses.
What steps is the government taking to encourage business?
Venture capital firms, conventional banks, or in some cases government grants may provide this support. For instance, to assist business owners in starting new operations, the U.S. Small Business Administration (SBA) offers small business grants with a restricted amount of financing.
How is the Indian government encouraging entrepreneurship?
For the purpose of fostering entrepreneurship, the federal and state governments have set up a variety of institutions. SIDO (Small Industries Development Organization) is one of them.
It is a government organization that creates policies for the growth of small enterprises in the nation.
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Ivan has inherited his grandmother’s 1963 Chevrolet Corvette (trust me this is a hot car to own – if you watched Lucifer on TV you know it), which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? Show your calculations. What is the total economic surplus? Explain how you arrived at this number.
This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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How did merchants / patrons help artists during the Renaissance ?
Patrons frequently set the limits for an artwork's price, quality, dimensions, placement, and subject matter.
How did businesspeople support artists in the Renaissance?Merchants promoted the expansion of fundamental education, particularly in algebra and accounting, which was another way they contributed to the Renaissance. More individuals needed to learn how to read, write, count, and do rudimentary math in order to keep track of their sales as the merchant class grew.In the Italian Renaissance, patrons either fully integrated artists into their estates and supplied them with accommodation while the artist was "on-call" for all requirements related to art, or they partially integrated artists into their estates and commissioned them work-by-work. Depending on the scope of a project, supporters may continue to support an artist for a long time.To learn more about Renaissance refer to:
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What is the economic problem what are the three 3 central questions involved with this problem?.
Needs may be more limited than wants. Want is limitless because we all want to go beyond our current capabilities. And our wants are not limited by the resources we have.
The concept of desire can be studied from different angles. In secular countries, lust can be equated with affective lust, which can be studied scientifically in the fields of psychology or sociology. In economics, demand can be analyzed as an important factor in the maintenance and reproduction of capitalist systems based on ideas such as consumption.
Demand is anything sought in economics. People are considered to have unlimited needs but limited resources. As a result, individuals cannot have everything they desire and must search for the most cost-effective options.
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3. Which of the following would NOT be a factor that affects which products a retailer chooses
to select to offer in a store?
A. Local customer preferences
B. Manufacturer incentives
C. Employee preferences
D. The store's location
ailor's
Employee choices wouldn't have any influence on the products a retailer selects.
What elements influence retail stores? What are the top five most crucial elements for a retail market?Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success. Let's examine how each of them can assist you in starting a profitable retail business.
What are the seven elements that influence where an industry is located?The seven variables that affect whether or not an industry is established are: the supply of materials, labour, capital, market access, the availability of a plentiful supply of electricity, transport modes like railroads and roads for the road transport of finished goods and raw materials, and the availability of land.
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the struggle among producers for the dollars of consumers is called ?
Competition can be defined as the struggle among producers for the dollars of consumers. This is done by producers to gain profits from their production through buying and selling activities.
In business and economic, Business competition generally can be defined as the contest between organizations or a company that provide similar products or services or that target the same audience of consumers. The function of business competition through the organization is for convert and retain customers, increase revenue and gain more market share. There are several types of business competition, such as direct business competition, indirect business competition, and replacement competitors.
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Efficiency means our economic pie is divided into equal slices. True or False?
Efficiency refers to how much use society makes of its limited resources. When rewards are spread equally across society's members, it is said to be equality. Alternatively put
Is The Limited still in business?
Between the early 1960s until the late 2010s, the American clothing chain The Limited operated retail locations. It was a brand after 2007 and was formerly held by the private equity company Sun Capital Partners; it is currently owned by Sycamore Partners. The Limited closed all 250 of its locations in January 2017, let go 4,000 employees, and declared bankruptcy.Only the three members of Harry and Bella's family and a close acquaintance made up the original board.
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What is a way the company can utilize edge computing to help the store achieve this goal?.
By analysing the customer's past purchases and offering customized recommendations using sensors, the edge computers can determine what the customer is looking for and hence help the customer with an immersive experience.
What is Edge ComputingEdge computing is a computing process that focuses on Internet of Things (IoT) traffic to store and process critical data locally. As the name implies, data processing is carried out at the edge of the network or close to the data source. This is claimed to be quite effective in reducing various problems related to latency and bandwidth.
The process of edge computing is kept to a minimum from the cloud to the local device. Technology is designed in such a way as to place data and applications close to the server and user. In other words, the concept of edge computing basically aims to reduce the burden of long-distance communication.
According to International Data Corporation (IDC), edge computing is a mesh network in a micro data center that stores, processes, as well as pushes it to the cloud or data center. The goal is to reduce data processing routes that lead to the cloud system from a local place, at least 100 square feet away.
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What is or would be the most important reason you would use a bank account and why?.
The money in bank accounts is secure; it is guarded against theft and fire. The debit card that is kept on hand by a bank account holder suffices in place of keeping huge sums of cash on hand.
It is safe and well-regulated to keep money in a bank account. When a crisis, like a fire, strikes, money that is stored securely in your home or on you could be stolen or lost.
Comparatively, the government automatically insures against loss any funds up to a specific level that are deposited in a bank account. Your money is secure even if the bank where you have the account goes bankrupt or is robbed.
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Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
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