in the period 2011, lott inc. performed services for $120,000 and billed its customers. the company subsequently collected $82,000 of the amount billed. lott incurred $75,000 of operating expenses but paid cash for only $62,000 of that amount. lott acquired $30,000 cash from the issue of common stock. the company invested $18,000 cash in the purchase of land. what is the amount of net income for the period?

Answers

Answer 1

The $120,000 in revenue-related cash flow will be shown on the statement of cash flows.

What is cash flows?
Because the full value of accounts receivable must be taken into account regardless of whether they are collected or not, the amount of cash flow from revenue that will appear on the statement of cash flows will be $120,000. The cash flow from operating activities will be adjusted to reflect the amount of the account receivable that is collected.

The amount of money a business brought in or spent overall over a period of time is measured by its cash flow. On the statement of cash flows, a common financial statement, the cash flow is commonly divided into cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities.

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Related Questions

a recent health canada report argued that there is a strong link between the consumption of steak and heart disease. at the same time, canadian consumers’ incomes rose. if steak is a normal good, what are the combined effects in the market for steak?

Answers

The combined effects in the market for steak is an unpredictable change in both the equilibrium price and the quantity.

Changes in the supply and/or demand determinants result in a new equilibrium price and quantity. When supply or demand changes, the old price no longer represents an equilibrium. Instead, there will be a shortage or surplus, and prices will adjust until a new equilibrium is reached.

When supply and demand both change, either the price or the quantity will be uncertain. Price is indeterminate when supply and demand move in the same direction. Because an increase in supply lowers prices while an increase in demand raises prices.

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a clothing store located in a shopping mall wants to give customers an opportunity to place orders. what is one form of direct marketing the store can use to provide this service?

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One direct marketing activity that stores can use to get customers to order clothes by mail, phone, or over the Internet is to mail catalogs to customers. Market research shows that catalog users are more likely to buy products online.

In sales, commerce, and business, customers may purchase goods, services, products, or ideas obtained from vendors, vendors, or suppliers through financial transactions or in exchange for consideration of money or other monetary value. Recipient.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot survive.

Customer value is the perception of what a product or service is worth to a customer compared to possible alternatives. Value means whether customers feel they are getting more than they paid for. In a simple formula, customer value is profit – cost (CV = B – C).

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For each molecule of glucose, glycolysis only makes 2 atp, the krebs cycle only makes 2 atp and the etc makes 34 atp. If the suspects had given jared the 2-deoxyglucose poison, would the decrease in atp concentration be smaller, the same or larger as when they used cyanide? explain your answer.

Answers

When 2-deoxyglucose poison is administered alongside cyanide, the decrease in ATP concentration is greater.

What is the poison 2-deoxyglucose?

In order to prevent further glycolysis, deoxy-d-glucose is a glucose molecule in which the 2-hydroxyl group has been replaced by hydrogen. As a result, it works to inhibit phosphoglucoisomerase's competitive production of glucose-6-phosphate from glucose (step 2 of glycolysis). In laboratory studies using animal models, 2-deoxyglucose labeled with tritium or carbon-14 has been a well-liked ligand.

Distribution is evaluated by tissue slicing and autoradiography, occasionally in conjunction with either conventional or electron microscopy. The cell's glucose transporters take 2-DG uptake. Therefore, cells that take up glucose more readily, such as tumor cells, also take up 2-DG more readily.

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grouping products into meaningful categories makes it easier for consumers to relate to them. the most logical grouping in the fast food industry that buyers would relate to would be

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Grouping products into meaningful categories makes it easier for consumers to relate to them. the most logical grouping in the fast food industry that buyers would relate to would be Breakfast, lunch, dinner, and snacks.

The ability to arrange related products into groups and distribute reviews across the entire set of products is known as product grouping. Let's take the example of selling a specific shoe style in a variety of colour options. There might not be many reviews for each hue from your consumers. You may display reviews for all the hues in that style by grouping products.

A market segment is a smaller collection of people or organizations who share one or more traits and hence have similar needs for a given product. Companies primarily segment consumers into recognizable categories so that the marketing team may develop a unique marketing mix for the target group.

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Grouping products into the meaningful categories make it easier for consumers to relate to them. The most logical grouping in fast food industry which buyers would relate to would be snacks, breakfast, lunch, and dinner.

Grouping products allows a person to create groups of related products by sharing certain reviews between all the products in the same group. So, this grouping is done between products which tend to share the same value for a specific field.

For instance, product grouping which is also performed in the fast food industry makes it easier for buyers to relate to them. As, product grouping tends to be useful in order to increase the search relevancy in a particular store.

Hence, an easy way to manage products is by grouping them.

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what does the tagline for kitkat make you think about the product

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Answer: Have a break, have a KitKat

Explanation: The original tagline for KitKat is Have a break, have a KitKat, by Donald Gilles in 1957

Answer: The tagline of KitKat,  have a break, have a KitKat urges the audience to snack on KitKat whenever they are free. it also focuses on the fact that you do not need any special occasion to eat KitKat.

Explanation: KitKat as a brand uses a variety of strategies to lure its customers. It has a distinct taste and 200 different flavors and types of KitKat. The tagline is also unique in its type and lures many customers.

23) the premium on a pound put option is $.03 per unit. the exercise price is $1.60. the break-even point is for the buyer of the put, and for the seller of the put. (assume zero transactions costs and that the buyer and seller of the put option are speculators.)

Answers

The break even point of buyer is $ 1.63 and the break even point of seller is $ 1. 57.

The break-even point is  basically the point at which total cost and total revenue are equal, simply  there is no loss or gain for your small business. On other hand , you have reached the level of production at which the costs of production is  equals the revenues for a product.

Calculation of break even point:

Break even point= exercise price + premium

Break even point of buyer= 1.60+0.03

                                              = $1.63

Calculation of break event point of seller:

Break even point= exercise price- premium

                             = 1.60-0.03

                                = $ 1.57

Break even point of seller= $1.57

Why is break even point important?

The BEP defines  an owner the amount of revenue required to cover all expenses, including fixed costs. The BEP, if used wisely , may help the owner to control fixed costs and to understand the point of time in the future to incur more fixed costs.

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forester, inc.’s $180,000 accounts receivable balance at december 31 consisted of $160,000 current balances and $20,000 past-due balances. at december 31, the allowance for doubtful accounts had a credit balance of $1,600. river forest estimated that 2% of current balances and 15% of past-due balances will prove uncollectible.

Answers

Expense Allowance for Doubtful Accounts 4,600. Allowance exists as a portion of something given to a person in business for assistance, usually in the form of funds or interests.

What is the difference between expense and allowance?However, they are two separate concepts: a per day allowance is a fixed amount that a company gives its employees up front to cover the expenses for specific items, whereas an expense reimbursement is simply returning the money that the employee has spent on specific items. Allowance is a portion of something given to a person in exchange for service, usually in the form of money or goods. An allowance is money that a parent gives to a child each week in exchange for chores around the house. A portion or share of something, especially money. The expense account or allowance will show you how much money is spent to run your business, whereas an allowance will show you how much money is reimbursed to employees for business expenses.

Therefore,

Expense Allowance for Doubtful Accounts 4,600

Allowance required = (2% x $160,000) + (15% x $20,000)

= $6,200 desired balance

Required adjustment through adjusting entry = $6,200 - $1,600 = $4,600

The complete question is:

River Forest, Inc.'s $180,000 Accounts Receivable balance at December 31 consisted of $160,000 current balances and $20,000 past-due balances. At December 31, the Allowance for Doubtful Accounts had a credit balance of $1,600. River Forest estimated that 2% of current balances and 15% of past-due balances will prove uncollectible.

The adjusting entry to record credit losses is:

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if the demand for money depends on the nominal interest rate, then via the quantity theory and the fisher equation, the price level depends on:

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The price level depends on both the current and expected future money supply.

What is  money supply?The money supply refers to the total amount of money in rotation. That is, cash, coins,  bank account balances. The  is broadly defined as a safe group of  assets that households and businesses can use to make payments or  hold as a short-term investment at a given point in time. There are several ways to define "money", but standard measures usually include cash in circulation and demand deposits. M1, M2, and M3 are measures of the US money supply, known as monetary aggregates. M1 includes money in circulation and auditable bank deposits. M2 includes M1 plus savings (under $100,000) and money market  funds. M3 includes M2 plus large term deposits from banks.

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Belleville ceramics is evaluating its overall mission, including its strengths, weaknesses, opportunities, and threats. It is engaged in which step of the stp process?.

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The overarching strategy or goals are being established by Belleville Ceramics.

The required details for strategy in given paragraph

A strategy is a general plan to carry out one or more long-term or overall aims in the face of uncertainty. It wasn't until the 18th century that the phrase was translated into Western vernacular languages in the sense of the "art of the general," which included a number military strategy, siegecraft, logistics, and other skill subcategories. term was first used in the 6th century C.E. in terminology from the Eastern Roman Empire.

The term "strategy" evolved from that moment forward and throughout the 20th century to refer to "a comprehensive method to try to obtain political ends, including the threat or actual use of force, in a dialectic of wills" in a military fight, in which both adversaries engage.

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baird enterprises produces a product with fixed costs of $52,800 and variable cost of $2.80 per unit. the company desires to earn a $22,000 profit and believes it can sell 11,000 units of the product.

Answers

Based on the information, the target sales price is $9.3 per unit.

What is meant by break-even point?In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even." Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even." The break-even threshold exists reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've reached the point in production where a product's sales are equal to its production expenses.

To calculate the selling price, utilize the break-even point formula:

Break-even point= (fixed costs + desired profit)/ contribution margin

10,000= (34,000 + 23,000) / (selling price - 3.6)

10,000X - 36,000= 57,000

10,000X= 93,000

X= $9.3 per unit

Hence, Based on the information, the target sales price is $9.3 per unit.

The complete question is,

The break-even point is the sales level at which a company: (Check all that apply.) Multiple select question. has a profit of $0. contribution margin equals variable costs. has a profit equal to fixed costs. contribution margin equals fixed costs. incurs a loss.

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sue wants to work as a chemical engineer for either a large corporation or the government. what would you advise her to do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning college credits?

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Sue should apply for a cooperative education experience through her university, company, or agency that could help her gain some real-world experience in the field of chemical engineering while still earning college credits.

summer fun t-shirt shop has very seasonal sales. for 2014, management is trying to decide whether to establish a sales budget based on average sales or on sales estimated by quarter. the unit sales for 2014 are expected to be 10 percent higher than 2013 sales. unit shirt sales by quarter for 2013 were as follows: children's women's men's total winter quarter 200 200 100 500 spring quarter 200 250 200 650 summer quarter 400 300 200 900 fall quarter 200 250 100 550 total 1,000 1,000 600 2,600 children’s t-shirts sell for $12 each, women’s sell for $16, and men’s sell for $17. assuming a 10 percent increase in sales, prepare a sales budget for each quarter of 2014 using the following: a. average quarterly sales. (hint: winter quarter children’s shirts are 275 [1,000 x 1.10/4].) summer fun t-shirt shop sales budget quarterly for 2014 winter spring summer fall year totals units: children's answer answer answer answer answer women's answer answer answer answer answer men's answer answer answer answer answer dollars: children's answer answer answer answer answer women's answer answer answer answer answer men's answer answer answer answer answer totals answer answer answer answer answer b. actual quarterly sales. (hint: winter quarter children’s shirts are 220 [200 x 1.10].) summer fun t-shirt shop sales budget quarterly for 2014 winter spring summer fall year totals units: children's answer answer answer answer answer women's answer answer answer answer answer men's answer answer answer answer answer dollars: children's answer answer answer answer answer women's answer answer answer answer answer men's answer answer answer answer answer totals answer answer answer answer answer c. suggest advantages of each method. which one is not an advantage to preparing a sales budget using average quarterly sales. reduces the possibility of being out of stock in most quarters minimizes the investment in inventory during low-sales quarters smoothes the investment in inventory throughout the year simplifies the purchasing of inventory

Answers

Using average quarterly sales smooths out inventory investment throughout the year and reduces the possibility of being out of stock in the final quarters unless sales differ significantly from the previous period.

Using average quarterly sales method also simplifies inventory purchasing by making it the same every quarter. Using actual quarterly sales reduces inventory investment during low-sales quarters. However, if sales are expected to rise by 10%, the low-sales quarters may rise faster than the high-sales quarters, resulting in out-of-stock situations. Another option is to use actual sales for items with large fluctuations and average sales for items with little variation.

Here is the complete question-

Summer fun t-shirt shop has very seasonal sales. For 2014, management is trying to decide whether to establish a sales budget based on average sales or on sales estimated by quarter. The unit sales for 2014 are expected to be 10 percent higher than 2013 sales. Unit shirt sales by quarter for 2013 were as follows:

children's women's men's total

winter quarter 200 200 100 500

spring quarter 200 250 200 65

summer quarter 400 300 200 900

fall quarter 200 250 100 550

total 1,000 1,000 600 2,600

Children’s t-shirts sell for $12 each, women’s sell for $16, and men’s sell for $17. Assuming a 10 percent increase in sales, prepare a sales budget for each quarter of 2014 using the following: a. average quarterly sales. (hint: winter quarter children’s shirts are 275 [1,000 x 1.10/4].) Suggest advantages of each method. Which one is not an advantage to preparing a sales budget using average quarterly sales?

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the duration of the deposit (n) the trend between the present and future values of an investment the present value (pv) of the amount deposited the interest rate (i) that could be earned by deposited funds

Answers

Compounding is the process of transforming current values into future values and a right answer is option (d), i.e., the trend between an investment's current and future values.

What does "compounding" mean?

The impact of the time value of money (such as an interest rate) over several future periods, when the interest is added to the initial amount, is known as compounding. For instance, if you invest $1,000 for 20 years at a rate of 10% annually, it will be worth $6,727.

What connection exists between current and future values?

The amount of money that has to be invested to accomplish a particular future goal is known as the present value. Future value is the dollar amount that, if invested, will grow over time. The amount you must invest to obtain future worth is known as the present value.

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The correct question is:

The process for converting present values into future values is called _______. This process requires knowledge of the values of three of four time-value-of-money variables.

Which of the following is one of these variables?

(a) The interest rate (I) that could be earned by deposited funds

(b) The present value (PV) of the amount deposited

(c) The duration of the deposit (N)

(d) The trend between the present and future values of an investment

A firm has _____ when it is able to spread fixed costs over a greater quantity of output if it increases output, but it has _____ when output increases long-run average total costs.

Answers

A firm has Diseconomies of scale when it is able to spread fixed costs over a greater quantity of output if it increases output, but it has Economies of scale when output increases long-run average total costs.

Economies of scale refer to the cost advantage a company experiences when it boosts its output level. The benefit results from the inverse connection between the quantity produced and the fixed cost per unit. The fixed cost per unit decreases as production volume increases.

The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.

Bulk purchases allow a major retail establishment to reduce their cost per unit. It can then decide whether to preserve the savings to boost company earnings or to use them as a strategic advantage by passing the savings on to customers and charging less than its rivals.

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analyzing and reporting financial statement effects of bond transactions on january 1 of the current year, arbor corporation issued $800,000 of 20-year, 11% bonds for $739,815, yielding a market (yield) rate of 12%. interest is payable semiannually on june 30 and december 31. (a) confirm the bond issue price. round answers to the nearest whole number. present value of principal repayment answer present value of interest payments answer selling price of bonds $739,815 (b) indicate the financial statement effects using the template for (1) bond issuance

Answers

The bond issue price is 77777 and the financial statement effects is 662037.

A bond's issue price is determined by the connection between the interest rate paid by the bond and the market interest rate paid on the same date.

Bond prices are established by what somebody is ready to pay – a bid price based on the issuer, its credit rating, coupon rate, time until maturity, and special redemption features – and what a bond owner wants to receive – an offer or ask price.

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a 7-year zero-coupon bond has a face value of $1,000. if its ytm changes from 3.9% to 4.7%, what is the resulting percentage change in its price? use the price determined from the first yield, 3.9%, as the base in the percentage calculation. round to the nearest tenth of a percent

Answers

The percentage change in price of zero-coupon bond if its Yield to maturity (YTM) changes over time will be - (5.22%)

Face value = $1,000

Maturity of bond-price = 7

Yield to maturity (YTM)= 3.9%

Bond price at 3.9% YTM (P1) = Face value/(1+YTM) ^7

                                      = $1000/ (1+0.039) ^7

                                      =1000/1.307

                                      = $765.11

Yield to Maturity (YTM) = 4.7%

Bond price at 4.7% YTM (P2) = 1000/ (1+0.047) ^7

                                       = 1000/1.379

                                      = $725.16

Percentage change in price = (P2-P1)/P1*100

                                           = ($725.16- $765.11)/$765.11*100

                                           = -(5.22%)

The yield to maturity (YTM) of a bond is the proportion of total return that is earned presuming the investor continues to hold the asset through till time of maturity. It is the amount of all of its outstanding interest paid. The yield to maturity of a bond increases or decreases based on its market value as well as the number of installments remaining.

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imani (59) comes in to your office to have her return prepared. she states that she wants to use the head of household filing status and claim the earned income tax credit (eitc). she also tells you that her dependent child is her granddaughter, hannah (14), who currently lives with her. all of the following are appropriate questions to ask or actions to take except:

Answers

All of the following are appropriate questions to ask or actions to take except: Option C). Inform Cherylynn that she must provide you with documentation proving Alana lived with her before you can prepare the return.

What is Head of household filling status?

Head of household refers to the filing status on tax returns that is used by unmarried taxpayers who support and house a qualifying person.

Head of household filers have a lower tax rate and higher standard deductions as compare to the single filers.

Basically, the head of household status has the benefit to claim a roughly 50% larger standard deduction than single filers.

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Complete question:- All of the following are appropriate questions to ask or actions to take EXCEPT:

A) Ask Cherylynn how long Alana has lived with her and inquire into the whereabouts of Alana's parents.

B) Ask Cherylynn who paid most of the expenses of maintaining her home.

C) Inform Cherylynn that she must provide you with documentation proving Alana lived with her before you can prepare the return.

D) Inquire whether the IRS has ever denied or reduced Cherylynn's EITC in a prior year

which "quality of service" dimension would you be assessing when asking the question, "how pleasing is the appearance of the physical facilities, equipment, personnel, and communication materials?"

Answers

Tangibles The "quality of service" dimension would be evaluated when the inquiry is posed.

The required details for Tangibles in given paragraph

You can physically touch something tangible. A rock is tangible, just like a shattered window is; if the rock is adjacent to the window, it can be tangible vandalism proof. When we remark that the tension in a room is tangible, we imply that we can almost physically feel it.

A tangible good is a physical item that you stock and ship to your customer, as the name suggests. A service is something you provide that isn't a tangible or digital good, like consulting or project labor.

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According to the video, what qualities do Reporters and Correspondents need? Select four options.

ability to work under deadline pressure
patience
curiosity
a loud speaking voice
people skills
an understanding of politics
a flair for language

Answers

Four qualities that are needed by those who become Reporters and Correspondents are:

ability to work under deadline pressurecuriositypeople skillsa flair for language

What qualities are needed by reporters and correspondents?

Reporters and correspondents are those people who have to travel around to report on current events around the world. They also have to be the ones to dig up the stories they report on sometimes, as well as research news events to make sure they are credible.

To be able to find these events, the quality of curiosity is needed as this would lead to the reporters looking for current events. People skills are then needed to dig deeper into events by talking to people who experience them.

A flair for language would allow reporters and correspondents to be able to properly report on news events and the ability to work under pressure ensures that current news events are reported on as fast as possible.

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Answer:

a c e g

1 3 5 7

intoxicated, efron enters a contract for the sale of his business, freight dispatch, to gretel for less than its market value. this contract is enforceable if, at the time,

Answers

Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time, the legal consequences are understood by Efron.

Particularly under illustration (b) thereto, Section 12 of the Contract Act, which specifies when a person can be deemed to be of sound mind for entering into a contract, seems to imply that intoxication can render a person incapable of making a contract. Disaffirmance is the legal term for avoiding or putting aside a contractual commitment. A minor must demonstrate their desire to disaffirm the agreement by doing so verbally or physically.

In most places, people who are minors (under the age of 18) lack the legal competence to enter into a contract. Therefore, a kid who signs a contract has the option of upholding it or having it canceled. However, there are a few outliers. For instance, a minor can often not revoke a contract for basic needs like food, clothing, and housing.

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The given question is incomplete. The complete question is:

Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time,

a. Efron understood the legal consequences.

b.Efron's intoxication was purely voluntary.

c.Gretel was also intoxicated.

d.Gretel fraudulently induced Efron to become intoxicated

other things remaining equal, the present value of a future cash flow decreases if the discount rate increases. other things remaining equal, the present value of a future cash flow increases if the discount rate increases.

Answers

The present value of a future cash flow declines if the discount rate rises, other things being equal.

How is the present value affected by a falling discount rate?

The discount rate reduces future cash flows, hence the lower the present value of those future cash flows, the higher the discount rate. A larger present value results from a lower discount rate. As this implies, money will be worth less in the future when the discount rate is higher.

If the discount rate is raised, what happens to the future value?

A future sum of money or stream of cash flows' present value (PV), assuming a given rate of return, is their current value. The discount rate determines the current value of future cash flows; the higher the discount rate, the lower the present value of the future cash flows.

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This is for business studies
How do national factors affect a pharmacy
This is what they're looking for.
National Factors

Give a brief sentence stating what and how factors can affect a business.

Now list all the National factors that could affect a business and THAN how national factors can affect YOUR start up business (provide detail with current examples e.g. exchange rates).

Answers

I can help with the pharmacy one.

Different countries require different certifications and inspections for pharmacies. Some medicine may not even be allowed in that country, meaning some medicines may not be sold, resulting in less sales. As well as that, the taxes paid may be different, affecting profit after tax. Aditionally, different currencies mean exchange rates can add extra expenses and different languages affect marketing.

the liquidity premium theory of term structure responses assumes that interest rates on the long-term bond respond to demand and supply conditions for that bond. assumes that interest rates on the long-term bond respond to demand and supply conditions for that bond. indicates that today's long-term interest rate equals the average of short-term interest rates that people expect to occur over the life of the long-term bond.

Answers

Liquidity premium theory asserts that bondholders greatly prefer to hold, short-term bonds rather than long-term bond.

What is the term structure  of liquidity premium theory ?

According to the liquidity premium theory, bondholders much prefer to keep short-term bonds as opposed to long-term bonds. Because their prices fluctuate less for a given change in interest rates, short-term bonds have lower interest rate risk than long-term bonds.According to the expectancies theory, assets of all maturities are seen by investors as ideal replacements at the same levels of taxes, default risk, liquidity, and information costs.  According to this perspective, the rate on a long-term bond is equivalent to the mean rate on a short-term bond covering the same investment period.Any additional compensation needed to promote investment in assets that cannot be quickly and effectively converted into cash at fair market value is known as a "liquidity premium.  For instance, the interest rate on a long-term bond will be higher than that of a short-term bond.

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employees sharing job postings with their family and friends is a common way to recruit. why is it problematic to use this approach as the only recruitment method?

Answers

The first step in the recruitment and selection process is deciding what positions you want to fill. Employer-employee relations govern the delivery of compensated labor services.

One party, the employer—which could be a business, a nonprofit, a co-op, or any other type of organization—pays the other and recruit, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them to recruit .

Employees are recruited for their labor through wages, which can be made up of an hourly rate, piecework, or an annual salary, depending on the sort of work performed, the industry circumstances in effect, and the bargaining power of the parties. Depending on the industry, some employee may also get stock options or bonuses. Employee may earn benefits in addition to compensation in certain job situations.

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product improvements, product modifications, and original products can all be classified as . blueprints new products prototypes product extensions test products

Answers

Product improvements, product modifications, and original products can all be classified as B) new products.

What are Product improvements, product modifications?

Product improvements as well as  product modifications can be described as process by which the company can be used in making their product to be better so that they can be ahead of their competitors in the market.

This involves the process of making research from the potential customer as well as those customers that having patronizing them to know what can be done that can help them to improve their products so that the company can generate much profits from their products.

In this case we can come into conclusion that product improvements, product modifications are both needed to make improvement to the products of the company and this is so very important for the company especially when creating new products as well as modifying the old product so that they can be able to have a better sales.

Therefore, option B is correct.

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at the beginning of the current year, a township formally adopted its budget and recorded it in the general ledger. budgeted revenues were $500,000 an

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Items of income and expense are documented in nominal ledger accounts in accordance with established regulations, just as assets and liabilities.

In expense accounts, expenses are always recorded as debit entries, while income items are always recorded as credit entries.

A general ledger budget is what?

A general ledger budget is a strategy for your general ledger's income and spending accounts, often used to keep costs under control. Budgets for the general ledger can be entered for the entire company or per organization. General ledger budgets are entered using the General Ledger Budgeting form.

Which information is kept in the general ledger?

A general ledger is used in accounting to document all business activities. Transactional information is categorized into assets, liabilities, income, expenses, and owner's equity in a general ledger. The accountant creates the trial balance once each sub-ledger has been closed out.

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In a business, legal counsel is an important source of information and advice is solely responsible for making decisions about how to resolve a dispute. True or false?.

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The resolution of disputes in the company is not just a task for attorneys to do. Legal counsel is a crucially essential source of information and guidance, but ultimately, the managers and owners of the firm decide how to resolve a disagreement.  Therefore the given statement is False.

The role of a legal counsel is that of a general attorney who works for the corporation and is not an independent contractor. To ensure that rules are followed, they collaborate with management and staff members inside their company.

A dispute is a disagreement, quarrel, or controversy that frequently results in legal action being taken (such as arbitration, mediation, or a lawsuit). It is argued that the opposing parties are at odds with one another (see also an adverse party).

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nathan and emily are hr managers at a large investment firm. they are expecting a labor surplus over the next two years resulting in the organization having 24 more employees than needed. typically, two employees leave the organization each month. which hr strategy should nathan and emily consider, taking into account the length of time they have available?

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The strategy which Nathan and Emily consider, taking into account the length of time they have available is the natural attrition.

Natural attrition refers to the natural reduction in a particular business’s workforce which might be due to employees leaving on their own accord. Natural attrition is sometimes also called voluntary turnover. Thus, it is inevitable and uncontrollable across all industries and for all companies.

There are many such reasons for attrition, which are, better job offer outside, lack of growth on present work, poor working condition, problem with work life balance, etc.

Hence, this natural attrition strategy has both positive and as well as the negative effects on a company.

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a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.

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False a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.

A trademark is enterprise statistics that represents something of monetary value, has required attempt or fee to develop, has a few diplomas of forte or novelty, is typically unknown to the public, and is stored confidential.

The Prioritizing Resources and Organization for Intellectual Property (PRO-IP) Act of 2008 extended trademark and copyright enforcement and notably extended consequences for infringement.

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a demand analysis is most likely to be conducted by a company seeking to multiple choice gauge how well advertising and promotional campaigns are working. estimate how much of a product will sell over a given period of time. establish the price of a new product. understand the viability of a product concept. understand the real customers’ needs and not wants.

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The correct answer is to establish the price of the new product. To understand consumer demand for a particular product, businesses research demand analysis. Businesses typically analyze whether they can effectively join a market and make the anticipated profit.

The number of rivals in the market and each company's current market share are two important factors in demand analysis. Less competition is typical in markets in the early stages of the business cycle. Consequently, your business will have a bigger profit margin.

Examples of specialized items are iPods and iPhones, which came onto the personal electronics market and saw a spike in demand due to consumers' perceptions of their utility. As a result of fresh customer demand, this demand quickly drives up demand in the current markets, boosting business earnings.

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