If the market price for five units is $25, what is the typical profit? Price = Marginal + Average Revenue + 25 dollars. Cost of Fixed Production.
What factors determine marginal revenue?
The additional money made from the sale of an additional unit is known as marginal revenue. Even after a period of constant output, this revenue computation abides by the law of diminishing returns since it becomes slower as output level increases. In a fully competitive market, a company will keep producing goods and services until its total marginal revenue equals its marginal cost.
For instance, a business might offer 100 shirts, each worth $10, for $1,000 on a Monday. This website charges $1,100 for 110 shirts.
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Compute Cash flow from Investing activities from the following information:
Particulars
31.03.2021
1,00,000
50,000
80,000
12,000
1,50,000
50,000
Land and Building
Furniture and Fittings
Share Capital
Goodwill
Long term Investment
Plant and Machinery
During the year * 5,000 depreciation charged on Plant and Machinery.
31.03.2022
1,28,000
60,000
1,14,000
30,000
50,000
30,000
Answer:
Explanation:
To compute the cash flow from investing activities, we need to consider all of the cash inflows and outflows related to investing activities during the year.
First, we can add up all of the cash outflows during the year, which includes the purchases of land and building, furniture and fittings, share capital, goodwill, long-term investment, and plant and machinery. These outflows total 1,00,000 + 50,000 + 80,000 + 12,000 + 1,50,000 + 50,000 = 4,42,000.
We also need to consider any depreciation charges on plant and machinery, which in this case was 5,000.
Then, we can add up all of the cash inflows during the year, which includes the sale of land and building, furniture and fittings, share capital, goodwill, long-term investment, and plant and machinery. These inflows total 1,28,000 + 60,000 + 1,14,000 + 30,000 + 50,000 + 30,000 = 4,32,000.
The cash flow from investing activities is equal to the sum of the cash inflows minus the sum of the cash outflows plus any depreciation charges. So in this case, the cash flow from investing activities is 4,32,000 - 4,42,000 + 5,000 = -12,000. This means that there was a net outflow of cash from investing activities of 12,000 during the year.
What type of mortgage has a set period of regular mortgage payments, at the end of which the remainder of the loan is due in one larger final payment
In contrast to a typical mortgage with amortising principal, a standing mortgage is a sort of interest-only loan. A standing mortgage has an interest-only period, after which principal payments begin, and then the remaining principal is due as a balloon payment at the conclusion of the mortgage's term.
There are three primary mortgage kinds to pick from when buying a home: fixed-rate, conventional, and standard adjustable rate. All offer unique advantages and drawbacks that support diverse homebuyer profiles. The four primary house loan options are covered here if you know what you can afford: conventional loan, FHA loan, VA loan, and USDA loan. Since you probably qualify for more than one type, take some time to learn the advantages and disadvantages of each. A standard loan is one with flat monthly payments and a fixed rate of interest during the course of amortisation. A mortgage loan with a loan-to-value ratio of less than or equal to 90% is referred to as a "standard loan" in Example 1.
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John says that his job duties include planning what will be done, organizing and directing workers, and solving problems related to worker productivity. His job can best be described as a:
John says that his job duties include planning what will be done, organizing, and directing workers, and solving problems related to worker productivity. His job can best be described as a: Manager.
Productiveness is the performance of the production of products or offerings expressed by a few degrees. Measurements of productiveness are regularly expressed as a ratio of an aggregate output to an unmarried input or an aggregate input utilized in a production process, i.e. output in keeping with a unit of input, usually over a particular time period. The most not unusual example is the (mixture) labor productivity degree, one example of that's GDP according to workers.
There are many specific definitions of productiveness (inclusive of those that aren't defined as ratios of output to input) and the choice amongst them depends on the reason for the productivity dimension and/or data availability. the important thing source of difference among diverse productiveness measures is also normally related (immediately or in a roundabout way) to how the outputs and the inputs are aggregated to acquire the sort of ratio-kind measure of productiveness.
Productivity is an essential aspect inside the manufacturing performance of firms and international locations. increasing national productiveness can improve dwelling standards due to the fact more real profits improve humans' potential to purchase items and services, revel in amusement, improve housing and education and contribute to social and environmental applications. A productivity boom can also help businesses to be more profitable.
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The first step to gain and sustain a competitive advantage is to a. define a firm's vision, mission, and values. b. develop functional and business-level strategies. c. put the guiding policies of a firm into practice. d. understand the strategies of the competitors.
D) Understanding the strategies used by competitors is the first step in gaining and maintaining a competitive advantage.
How can one gain an advantage over the competition?Establishing a Competitive Advantage Michael Porter, a well-known professor at Harvard Business School, identified the following three methods for gaining a competitive advantage: Cost Leadership, Differentiation, and Concentration (which includes both Differentiation Focus and Cost Focus).
How do you begin the process of determining your company's competitive advantages?In order to create and communicate a competitive advantage to your target customers, conducting a competitive analysis to discover the strengths and weaknesses of rival businesses is an essential first step.
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Russet Inc., an American stainless steel manufacturer, sources iron ore from Australia for the manufacture of steel. It saves on raw material costs as iron ore is cheaper in Australia. This scenario best illustrates
Russett Incorporation, an American stainless steel manufacturer, sources iron ore from Australia for the manufacture of steel. It saves on raw material costs as iron ore is cheaper in Australia. This scenario best illustrates globalization of production.
A global brand is one that generates significant amounts of revenue and is known even outside of its country of origin.Economic globalization involves trade, capital flows and the movement of workers, and an important element in that process is the globalization of production. With the gradual dismantling of trade barriers, and capital flows becoming easier, globalization of production has flourished.
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Which one is not a question that can be used to analyze if an action is ethical?
A) Is the information presented factual and honest?
B)Who is affected by these actions?
C) Is the action illegal?
D)Will the privacy and confidentiality of the company be protected?
Explanation:
C)Is the action illegal?
Upon arriving in Russia, Joan Walker learned that companies in the country had a strong custom of employing members of the same family. Vandelay has an anti-nepotism policy, prohibiting the employment of members of the same family. Joan has heard that her new Russian secretary, Svetlana, may recommend her husband for a position in the company's production crew. Under the principles of ISCT, if Joan concludes that hiring family members does not violate any hypernorms, she should: O Not prohibit her secretary's husband from being considered for the production job in light of Russia's cultural norms, even though the norm of allowing members of the same family to be employed violates the company's stated policy. Prohibit her secretary's husband from applying because company policies should always prevail over the laws and customs of the country in which the company is doing business. O Not prohibit her secretary's husband from applying for the production job, but tip off the production foreman that the application should be rejected without serious review. Recommend that Vandelay discontinue doing business in Russia because the country's business-practice norms are inconsistent with those of American companies.
Despite the fact that it violates business policy, she should not disqualify her secretary's spouse from consideration for the production job due to cultural customs in Russia.
Mixing various inputs, whether material (such metal, wood, glass, or polymers) and intangible (like labor) is the process of creating anything (like plans or knowledge). In a perfect world, this output would be a valuable good or service that makes people's lives better. The consumption (or consumer) theory of the economy is closely related to production theory, a branch of economics that concentrates on the production process. Effective use of the initial inputs results in the development of the manufacturing process and output (or factors of production). The three major production components are land, labour, and capital, also referred to as primary producer commodities or services. These necessary components don't go through any significant modifications during manufacture or fully integrate into the finished product. Because they are byproducts of land, labour, and capital, materials and energy are categorized as secondary elements in classical economics. Taking a deeper look, fundamental components include all of the resources that are utilized, including land, which includes the natural resources on and below the soil. Human capital and labour are different things, though. Entrepreneurship and technology are occasionally regarded as evolved elements in production in addition to the common factors of production in various economic schools of thinking.
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How does government protect private property in a mixed economy?
Governments may impose taxes on the private sector in an effort to redistribute wealth, and they may also utilize tax income to further social objectives. In mixed economies, the government typically intervenes through fiscal stimulus, trade protection, subsidies, targeted tax credits, and public-private partnerships.
What does " government typically intervenes" mean ?
Governmental intervention is the deliberate meddling by a government in a country's economy through regulatory actions. It represents a situation in which a government actively swayed decisions made by individuals or groups. Government involvement is necessary because of the perceived flaws and inefficiencies of the market. A government makes and upholds laws with the goal of advancing welfare or pursuing certain social and economic goals. These rules aim to achieve results that.
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which of the following is not true when determining the selling price for a product?
When it comes to determining the selling price of a product, as long as the selling price exceeds the variable cost, it cannot be said to be profitable in the short term. So the correct choice is A.
What do you mean by variable costing?Variable costing is a cost concept in management accounting. Manufacturing a product using this technology incurs manufacturing overhead. This solves the problem of absorption costs and allows you to grow your income to match your performance. Absorbed cost strategies allow managers to shift costs to the next period when items are sold. This artificially increases revenue throughout the manufacturing cycle as it incurs fewer costs than the variable cost approach. Variable pricing is generally not used for external reporting. Income statements must be calculated under GAAP under the Tax Reform Act of 1986.
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The complete question is as follows:
Which of the following is not true when determining the selling price for a product?
a. As long as the selling price is set above the variable costs, the company will make a profit in the short run.
b. Both variable and absorption pricing plans should be considered, to include several pricing alternatives.
c. Absorption costing should be used to determine routine pricing which includes both fixed and variable costs.
d. Variable costing is effective when determining short-run decisions, but absorption costing is only used for long-term pricing policies.
What restriction would the government impose in a closed economy the government would prohibit trade with other nations?
The cost of imported items would be decided by the government. Only traditional customs would be preserved by the government. Private property ownership would be prohibited by the government.
A government basic definition is what?A state or community's system of governance is known as a government. Government is described as "a method of social control where the right to create laws and the authority to enforce them is vested in a specific group in society" by the Columbia Encyclopedia.
A government structure is what?The U.S. Constitution grants Congress, the President, and also the Federal courts, respectively, the authority to act as the legislative, executive, or judicial departments of the federal government.
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Answer:
A. The government would prohibit trade with other nations.
Explanation:
What are the 3 personal finance strategies?
The secret to getting your finances in order is to use abilities you most likely already possess. Prioritizing your finances, weighing the costs and advantages, and controlling your spending are three crucial strategies.
Prioritizing your finances enables you to assess your financial situation, identify the sources of your income, and keep your attention on those activities.
Assessing Costs and Benefits: This crucial ability prevents professionals from overextending themselves. Ambitious people are always thinking of new methods to succeed, whether it be through a side business or a potential investment.
The final critical competency of effective business management that must be applied to personal finances is restraint of spending.
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________ is redistributing goods or products we own by sharing them.
A) Collaborative consumption
B) Crowdfunding
C) Crowdsourcing
D) Social networking
Collaborative consumption is redistributing goods or products we own by sharing them. option a is correct.
How does collaborative consumption work?Consumers who "get" and "supply," temporarily or permanently, valuable resources or services through direct connection with other consumers or through a mediator are said to be engaging in collaborative consumption. It is occasionally used in conjunction with the idea of the "sharing economy". In the "collaborative economy" (also known as "collaborative consumption"), consumers use modern technology to produce, procure, pay for, exchange, share, or rent goods and services. It is always changing since new markets are constantly opening up.
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Which of the following lists is included in what economists call "money"?
a. cash
b. cash and stocks and bonds
c. cash and stocks and bonds and real estate
d. cash and stocks and bonds and real estate and all other assets
Cash is included in what economists call "money". Therefore option A is correct.
What is cash?Bills, coins, bank balances, money orders, and cheques are all examples of cash. Cash is used to pay off debts or to buy products and services. Post-dated cheques and notes receivable are examples of items that do not fit the definition of cash. Since cash balances can be expressed in the computer records for investment accounts, most kinds of money are electronic rather than in the form of bills and coins.
Since the reporting sequence is arranged according to liquidity and cash is the most liquid asset, it appears first on the balance sheet. Cash equivalents, a similar accounting word for assets that are easily convertible into cash, is used to describe these assets.
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What was the lend-lease program and why was it important?
This legislation, which was passed on March 11, 1941, established a mechanism that would permit the United States to lend or lease war supplies to any country that was judged "essential to the defense of the United States."
What was the Lend-Lease Act and why was it important?Any nation whose defense was essential to the security of the United States was eligible for military assistance under the lend-lease program. As a result, Roosevelt was given the authority to lend Britain munitions with the understanding that America would get payment in kind after the war.
The United States was given the authority to lend or lease war supplies to any country that was deemed "essential to the defense of the United States" under the terms of this legislation, which was passed on March 11, 1941.
The Lend-Lease Act, passed by Congress in March 1941, gave President Roosevelt essentially unrestricted power to provide material support, such as ammunition, tanks, airplanes, trucks, and food, to the war effort in Europe without compromising the country's official neutrality.
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the ____ help desk position is normally staffed by an entry-level employee.
Answer:
hotel
Explanation:
I put this as a guess if what the answer could be
For analysis purposes, the high-low method usually produces a(n) a. reasonable estimate. b. precise estimate, C. overstated estimate. d. understated estimate. 16) In applying the high-low method, which months are relevant? Month Miles Total Cost January 80.000 $ 192,000 February 50,000 160.000 March 70,000 188,000 April 90,000 260,000 a. January and February b. January and April c. February and April d. February and March
Previous question
N
Option A is correct. For analysis purposes, the high-low method usually produces a(n) reasonable estimate.
The high-low method is a way to estimate a cost function by analyzing the relationship between a cost and an activity level. This method is useful when a company has a limited number of data points and wants to quickly estimate a cost function. The high-low method usually produces a reasonable estimate but it may not be as precise as other methods like Regression analysis. The high-low method can be affected by outliers, and it may not account for all variables that could affect the cost. For analysis purposes, the high-low method usually produces a(n) reasonable estimate. The high-low method is a way to estimate a cost function by analyzing the relationship between a cost and an activity level. This method involves identifying the highest and lowest activity levels, and then using the corresponding costs to estimate the cost function.
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A government can fix prices, such as a minimum or maximum price for a good or service which can create an artificial disequilibrium. When the government fixes a price below the market rate, what would be the most probable effect?
A. The market would suffer surpluses.
B. More buyers would enter the market.
C. The market would suffer shortages.
D. More sellers would enter the market. This is a price ceiling or a maximum price, which probably will be below equilibrium and mean that quantity demanded exceeds quantity supplied.
Option c is Correct. The most likely result of the government setting a price below market value would be shortages in the market.
What occurs when prices are set by the government?The clearing and allocating functions of prices are destroyed by governmental price fixing. The regulation inhibits the equalization of the available supply to the demand by permanently fixing prices above or below their equilibrium values. Short-term surpluses or shortages are therefore unavoidable.
Governments have the power to set minimum and maximum prices for goods and services, which can lead to a false imbalance. A price floor, also known as price support, is the lowest price that manufacturers or governments can establish for goods or services. The opposite of a price ceiling is a price floor.
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What is the first step in the succession management process?
The first step in the succession management process is to conduct a workforce analysis, which involves identifying key roles and positions within the organization that are critical to its success and determining the current and future workforce needs of the company.
This step also includes an assessment of the current talent within the organization, including an evaluation of the skills, knowledge, and experience of existing employees.
This information is then used to identify potential successors for key roles and to develop a plan for succession management. This step also includes identifying the gaps in the talent pool and developing a plan to fill those gaps.
Finally, the workforce analysis helps to identify any potential risks that may arise from key employee departures and to develop strategies to mitigate those risks.
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A type of mortgage which allows the lender to increase the outstanding balance of a loan up to the original amount of the loan in order to advance additional funds is called an
An open-end mortgage is a specific kind of mortgage that enables the lender to advance more money by raising the outstanding balance of a loan up to the original loan amount.
An open-end mortgage allows the borrower to take out additional loans up to a predetermined amount on the same loan.
The borrower can avoid the time and hassle of hunting for a loan elsewhere by using an open-end mortgage. It is a form of rotating credit in which the borrower is permitted to receive a loan increase up to a sure cap. Typically, banks establish a loan-to-value ratio and ensure that the total loan amount—including both the original and the top-up loans—does not exceed that value ratio.
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1. What is Maxwell's filing status?
Single
Married filing jointly
Head of household
Dependent
2. Based on the information provided on this W-4 form, which statement can you assume is TRUE?
Maxwell and his spouse are planning to itemize their deductions this year
Maxwell and his spouse both work, or Maxwell himself has two jobs
Maxwell and his spouse both work at Big City Office Furniture
Maxwell and his spouse are the owners of Big City Office Furniture
3. In order to fill out this W-4 form, Maxwell needed to know all of this information EXCEPT…
His Social Security number
His address
The amount of taxes he has paid in the last five years
The number of dependents he plans to claim on his tax return
4. Assume that Maxwell and his spouse anticipate earning around $110,000 in combined income this year. Given how he’s completed this W-4 form, how many children under the age of 17 does Maxwell have?
1
2
3
4
5. Given how he’s completed this W-4 form, how many other dependents does Maxwell have?
0
1
2
3
6. If Maxwell and his spouse were to have another child, but all other aspects of their life stayed the same, which entries on a new W-4 form would he need to change?
No need to change the form
Step 2
Step 3
Step 4
7. In June, Maxwell’s father comes to live in their home and can count as Maxwell’s dependent. What steps does Maxwell need to take next?
There are no steps Maxwell needs to take
Submit a new W-4, claiming $500 more in Box 3
Submit a new W-4, claiming $2000 more in Box 3
Verbally tell the HR department at Big City Office Furniture
8. How much EXTRA money is Maxwell having held from each paycheck?
$0
$10
$50
Cannot tell from this form
9. A W-4 form is given to you by your employer to complete for that specific job. Which statement below is definitely TRUE?
He started working at this job during the 2019 tax year
He submitted the W-4 a few days after he started
He completed this W-4 for his job at Big City Office Furniture
He lives and works in the same city
10. When Maxwell completes this W-4, who should he submit it to?
Big City Office Furniture
The IRS
No one - he keeps it for his records
His spouse
The Maxwell's filing status is Married filing jointly. The correct option is (B). So, the other statements are, 1(B), 2(B), 3(C), 4(B), 5(C), 6(C), 7(B), 8(C), 9(C), 10(A).
What do you mean by the W-4 form?You must submit a W-4 Form to the IRS to inform your employer of the amount of federal tax withholdings to be made from your paycheck. You can avoid having a sizable debt owed at tax time by accurately completing your W-4.
Therefore, according to all these statements are:
Maxwell's filing status is Married filing jointly.Based on the information provided on this W-4 form, the true statement is Maxwell and his spouse both work, or Maxwell himself has two jobs.In order to fill out this W-4 form, Maxwell needed to know all of this information except the amount of taxes he has paid in the last five years.Maxwell's completed this W-4 form, 2 children under the age of 17.Maxwell's completed this W-4 form, 2 other dependents.If Maxwell and his spouse were to have another child, but all other aspects of their life stayed the same, Step 3 entries on a new W-4 form would he need to change. In June, Maxwell’s father comes to live in their home and can count as Maxwell’s dependent. Maxwell need to take next Submit a new W-4, claiming $500 more in Box 3.$ 50 extra money is Maxwell having held from each paycheck.A W-4 form is given to you by your employer to complete for that specific job. The true statement is he completed this W-4 for his job at Big City Office Furniture.Maxwell completes this W-4, who should he submit it to Big City Office Furniture.To know more about the W-4 form, visit:
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If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by 1/8th of one percent, how many discount points must be purchased to lower the interest rate by 1%
The discount points must be purchased to lower the interest rate by 1% 1/8th = 0.125; 1.0 ÷ 0.125 = 8.
Your interest rate is reduced by points, commonly referred to as discount points, in exchange for an up-front payment. The lender accepts a greater rate of interest in return for a reduction in your closing fees. Sometimes, these words are used to refer to different things.
Mortgage lenders have been using the term "points" for a long time. Mortgage points, commonly referred to as discounted points, are payments that a home buyer directly pays to the lender (typically a bank) in exchange for a lower interest rate. This is also referred to as "buying the rate down."
In essence, your pay some ratings up front and in return for a loan with a reduced interest rate overall. Discount points are paid, which lowers the interest rate and, consequently, the monthly payments.
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What is a benefit of moving to the AWS cloud in terms of improving time to market?
Cost savings, Data security, Better elasticity and Flexibility are the benefits of the AWS cloud.
What is AWS cloud?Cloud computing is the on-demand delivery of IT resources over the Internet with pay-as-you-go pricing. Instead of buying, owning, and maintaining physical data centers and servers, you can access technology services, such as computing power, storage, and databases, on an as-needed basis from a cloud provider like Amazon Web Services (AWS). Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud platform, offering over 200 fully featured services from data centers globally. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—are using AWS to lower costs, become more agile, and innovate faster.
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true or false : when you query a database, there is a defined order in which the results are displayed.
It's true that when you query a database, the order in which the results are displayed is fixed.
ORDER BY statement in SQL is used to sort retrieved data in ascending or descending order by one or more columns. By default, ORDER BY sorts data in ascending order. You can use the DESC keyword to sort the data in descending order and the ASC keyword to sort in ascending order.
You can use the ASC and DESC keywords to sort in ascending or descending order respectively. To sort by multiple columns, separate the column names with the (,) operator. You can tell the system to sort the data in a particular order by adding an ORDER BY clause to your SELECT statement. The ORDER BY clause is a list of column names from remote or local tables or views. You can define a sequence of columns in the select statement's column list. Sometimes it is necessary to sort the result set based on specific column values, conditions, etc. You can use the ORDER BY clause in your select statement to sort the results in ascending or descending order.
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Which of the following comparisons best isolates the impact of a change in activity on performance?
A) static planning budget and flexible budget
B) static planning budget and actual results
C) flexible budget and actual results
D) master budget and static planning budget
Static planning budget and flexible budget isolates the impact of a change in activity on performance.
What is the Flexible budget ?
A flexible budget is essentially a budget that allows for expected unpredictability and can be adjusted as revenues and costs change throughout the fiscal year. A business first calculates its expected fixed costs, or at least the costs that are expected to remain unchanged throughout the year.
What is main purpose of a flexible budget?
Flexible budgeting makes it easier to update budgets that don't yet have firm figures for revenue or other activities. In this approach, managers authorize all fixed costs and variable costs related to revenue and other activity indicators.
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True or False a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning.
True, Paul, a brand-new restaurant owner, engages in the management function of planning when he chooses which items to include on his menu.
The process of supervising a business, nonprofit, or governmental entity's operations is known as management (or managing). the practice and science of managing a company's resources. Setting an organization's strategy and organizing the work of its staff (or volunteers) to achieve its goals through the use of resources such as financial, natural, technological, and human resources are all included in management. The expressions "run the business" and "change the business" are used in management to distinguish between maintaining to deliver goods or services and adapting them to meet consumers' shifting wants. Another group of people who fit under the heading of "management" are managers.
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Forms of Business Organization Match the following organizational attributes in the left column with the organizational form in the right column. More than one organizational form may be associ- ated with a given attribute. 1. Unlimited liability a. Sole proprietorship 2. Full control b. Partnership 3. Business income combined with owner(s) c. Corporation income for income tax purposes 4. Relatively more difficult to establish 5. Easier to raise funds
Unlimited liability is associated with a sole proprietorship, which is a business owned and operated by one person. As a sole proprietor, the individual is personally liable for all debts of the business and liable for any losses incurred.
Income from the business combined with the income of the owner(s) for income tax purposes is associated with the partnership. In this form of business, the income from the business is considered the income of the individual partners and is thus included in their personal income for tax purposes.
A relatively more difficult establishment is associated with a corporation. A corporation is a legal entity separate from its owners, which means that business liabilities are not the liabilities of the owners. Incorporating a company requires more paperwork, such as filing articles of incorporation and obtaining a corporate charter.
Easier fundraising is associated with corporations. As a separate legal entity, companies can raise money by selling stocks, bonds and other financial instruments.
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A freshman college student borrows $10,000 today at 12% interest compounded annually to buy a used car. Four years later the student receives a graduation gift of $3,000 and pays this gift toward the loan balance. Approximately how much money will the student still owe after the $3,000 payment
With compound interest of 12% and the principle of $10,000, The student still owes after the first payment is $12735.19
The first step is to determine the future value of the loan:
FV = P (1 + r)^n ⇒ FV = Future Value , P = Present value, R = interest rate, N = number of years
FV = 10,000 ( 1 + 0.12 )⁴
FV = 15,735.19
Future value of the loan - the amount paid = the amount the student still owes. = $ 15,735.19 - $ 3,000 = $ 12735.19 Future value (FV) is the value of an asset now based on an anticipated rate of increase in the future. Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
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To be effective, analytical procedures performed near the end of the audit should be performed by:
A. The partner performing the quality review of the audit.
B. A beginning staff accountant who has had no other work related to the engagement.
C. A manager or partner who has a comprehensive knowledge of the client's business and industry.
D. The CPA firm's quality control manager.
Analytical procedures performed near the end of the audit should be performed by the partner performing the audit's quality review to be effective.
What exactly is vouching?The examination of documentation proving and substantiating a financial transaction by an auditor is known as "vouching," which is a technical term. The goal of vouching, an auditing technique, is to demonstrate the legitimacy of the transactions listed in the main books of accounts. This process's main task is to confirm an entry made in the books of accounts with the relevant documentary evidence and the authority supporting the entry. It also entails ensuring that the amount specified in the voucher has been posted to the correct account, which will reveal the nature of the transaction when it appears in the final statements of the account. Vouching does not include valuation.
During the course of an audit, auditors employ analytical procedures. The most important aspect of carrying out procedures is vouching for all data supporting various ratios.
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How do governments address economic externalities, such as damage to a nation's infrastructure used by its citizens
By taxing products and services that result in spillover costs, the government may deter negative externalities.
What are the policies to address externalities?Negative externalities frequently lead to market failure. In certain circumstances, the government has three options: through regulation, Pigovian taxes, or tradeable pollution permits. By enacting new rules that directly control undesirable conduct, regulation enables the government to lower externalities.
One method of mitigating externalities is through taxes. To help minimize the negative effects of some externalities, such as pollution, governments might charge a tax on the things that cause them. The government can assist in promoting commodities and services that have positive externalities by providing subsidies to such products or services.
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Which of the following variables will not be affected by monetary policy in the long run? There could be more than one answer
O employment
O real gdp
O price level
Monetary policy won't have a long-term impact on price level.
The process of formulating, declaring, and carrying out a plan of action by the central bank, currency board, or other appropriate monetary authority of a nation that regulates the amount of money in an economy and the avenues via which new money is provided constitutes monetary policy. In order to achieve macroeconomic goals including reining in inflation, consumption, growth, and liquidity, monetary policy entails managing the money supply and interest rates. These are accomplished by taking measures including altering the interest rate, purchasing or selling government bonds, controlling foreign exchange rates, and altering the amount of cash banks must have in reserve. This is how some people see the International Monetary Fund's function.
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