Many companies use information management to keep track of important details about their customers: names, addresses, emails-even statistics such as
age and family status. They often use this information to market their products more effectively. Companies can make a lot of money by selling customer
information to other companies. If a company doesn't specifically promise customers it will not share their information, this may be legal, but is it ethical?
What do you think?

Answers

Answer 1

Collecting someone's personal information without their knowledge is illegal and unethical, just as it is considered theft to take anything that doesn't belong to you.

Is selling personal information by tech corporations morally right?

These experts are encouraged by the Web Analyst's Code of Ethics to work with organizations that preserve and respect the privacy of their customers' data. The policy also urges businesses to fully disclose to clients how and when they use consumer data, including whether or not they sell it to outside parties.

Is it acceptable for businesses to sell customer information?

As long as all legal requirements for its collection and sale have been satisfied and there are no regulations against it, selling user data is permissible. For example, in some situations, de-identification of the data is necessary first.

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Related Questions

Aree's marginal utility for eating summer rolls is 20 for the first one, 17 for the second, 14 for the third, and 8 for the fourth . Aree's total utility after eating three summer rolls is

Answers

Aree's total utility, which is the total additional or marginal utility that arises from each additional unit of consumption, is 51 units after consuming three summer rolls.

How does marginal utility work?

The term "marginal utility" refers to the added pleasure a consumer receives from possessing one extra unit of a good or service. The concept of marginal utility is used by economists to predict how much of a good consumers would purchase. Utilizing the rule of diminishing marginal benefit, progressive taxation is frequently justified.

How are marginal utilities determined?

According to the general economics rule, marginal utility is equal to the total utility change divided by the change in the number of commodities. The equation appears as follows: Marginal utility is calculated by dividing the total utility difference by the difference in the cost of the goods.

The total utility formula is what?

Total utility is the total additional or marginal utility that results from each additional unit of consumption. Therefore, the following formula can be used to get the total utility: T U = ∑ M U. (OR) (OR) T U = M U 1 plus M U 2 plus M U 3 plus.

In the above question

Total utilitty=  ∑ M U or sum of all marginal utility

Marginal utility from first one= 20

Marginal utility from second one= 17

Marginal utility from third one= 14

Marginal utility from fourth one= 8

Total Utility= ∑ M U

= 20+ 17+ 14+ 8

=51 units

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a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to pay the highest interest rate?

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If a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, The account that is likely to pay the highest interest rate is : Certificate of deposit.

What is certificate of deposit account?

Certificate of deposit account can be defined as the account that enables an account holder to save a fixed amount of money and this fixed amount of money must be held in the account for a specific period of time.

Certificate of deposit is an account that pays the highest interest rate compare to savings account.

Therefore we can conclude that certificate of deposit account offers a high interest rate.

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How can you best influence a customer positively? a. by talking in a hurried manner b. by answering customer queries briefly c. by keeping the personal details of a prospective buyer confidential d. by wearing casual attire

Answers

Best influence a customer positively by keeping the personal details of a prospective buyer confidential.

Hurried speech is not a smart choice if you want to positively impact a customer because it is uncomfortable for everyone.

Briefly responding to the questions could also not be a smart idea because the customer might get the impression that you don't want to take the time to address their concerns.

Wearing casual clothing could be viewed as "unprofessional" by others, therefore this argument could also be disregarded.

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A factory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. ​ however, in order to make sure that the workers do not rush and produce a large number of poorly made​ widgets, he checks the widgets at random at various stages of their manufacture. If a defect is found in a​ widget, the pay of the entire section of the factory responsible for that defect is docked. How is this factory owner seeking to solve the agency conflict problem in this​ case?.

Answers

By paying his workers based on how many widgets they produce, the factory owner is seeking to solve the agency conflict problem by  D. supplying incentives so the agents act in the way the principal desires.

The factory owner is using the tactic of supplying incentives so that the workers produce as many widgets as possible. In the case above, it can be seen that the factory owners need many widgets to be produced. Hence, in order to make his agents work best, he pays or gives them incentives on the basis of how many widgets they are producing.

Hence, in the case above, the factory owner is using the supplying incentives way so that the workers work on the principal desires to solve the agency conflict problem.

Although a part of your question is missing, you might be referring to this question:

A factory owner wants his workers to produce as many widgets as they can, so he pays his workers based on how many widgets they produce. However, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. If a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. How is this factory owner seeking to solve the principal-agent problem in this case?

A. By making the agents into principals themselves

B. By ensuring that all workers cooperate to maximize the gains of their section

C. By maximizing the information that the principal obtains about the behavior of the agents

D. By supplying incentives so the agents act in the way the principal desires

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on march 12, klein company sold merchandise in the amount of $10,600 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $5,900. klein uses the perpetual inventory system and the net method of accounting for sales. on march 15, babson returns some of the merchandise, which is not defective. the selling price of the returned merchandise is $880 and the cost of the merchandise returned is $490. the entry or entries that klein must make on march 15 is (are):

Answers

The journal entry are as follows:

  To Accounts Receivable $840   To Cost of Goods Sold A/c $47What Exactly Is an Accounting Journal Entry?

The date, the amount to be credited as well as debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.

What are a ledger and a journal entry?

A ledger is a main book of accounts used to organize the transactions entered in a journal. Order. On the day of the transaction, the journal entries are entered in reverse chronological order.

According to the given data:

Merchandise sold = $10,200

Cost of goods sold = $5,700

Selling price of the returned merchandise = $840

Cost of the merchandise returned = $470

The journal entry are as follows:

On March 15,

(i) Sales Returns and Allowances A/c Dr. $840

                    To Accounts Receivable $840

(To record the sales returned)

(ii) Inventory A/c Dr. $470

           To Cost of Goods Sold A/c $47

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if real gdp increases in any​ year, we know that part 2 a. the output of goods and services produced this year has increased. b. inflation has raised the value of output. c. both inflation and output have increased. d. nominal gdp must have risen.

Answers

Any year with a rise in real GDP indicates that this year's output of goods and services has increased.

The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. For instance, if Country B produced 5 bananas per year, each value $1, and 5 backrubs per year, each worth $6, the GDP would be $35. The GDP of Country B would be $40 if banana prices rose to $2 the next year and production remained constant. a favor for a person. the act or process of providing goods or services that the general public demands or requires, such as gas, electricity, or water.

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indicate which of the functions of money (a medium of exchange, a unit of account, and a store of value) each of the following performs in the u.s. economy. check all that apply. medium of exchange unit of account store of value british pound u.s. penny plastic credit card picasso painting given your answers to the previous task, indicate whether each of the following is considered money in the u.s. economy. money yes no british pound u.s. penny plastic credit card picasso painting

Answers

1. Medium of Exchange, Unit of Account, Store of Value

2. Store of Value

3. Store of Value

4. None of them

money is used as an intermediary in trade and has two groups of functions, namely:

a. original function

Money as a medium of exchange to make it easier for us to get an item. That way, we can save time and energy because we only need to exchange money to buy necessities. Money as a measuring tool is able to determine the value of an item. For example, the price of a ruler that Teddy will buy is $3,000, indicating that Teddy only paid $3,000 to get a ruler.

b. Derivative function

Money as a means of payment is different from money as a medium of exchange. The meaning here is when money is paid without being exchanged for any goods/services. For example, paying taxes. Money as a price indicator has different values, for example the price of 1 kg of oranges is $8,000 while the price of apples is $9,000. Money as a means of paying debts is used to pay off debts. Money as a means of hoarding wealth can be used when there is a sudden need.

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beauty inc. issued a 20-year bond ten years ago, with the coupon rate of 7%, paid semi-annually. if the current price of the bond is $1,125, what is the ytm of this bond? group of answer choices

Answers

The Yield to maturity (YTM) of this bond is 4.75%

Given,

The price of this bond is= $1,125

Bond = $2,000  

The coupon rate = 7%

Semi annual Coupon = $31,00

Principal Present Value  =  F /  (1 + r)^t

Coupon Present Value   =  C x [1 - 1/(1 +r)^t] / r

Semiannual Yield to maturity (YTM) rate = 4.75%

Years = 8

Periods = 16

So, a bond's yield to maturity (YTM) is the internal rate of return which is required for the present value of all the future cash flows of the bond to equal the current bond price.

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when travelocity consolidates multiple airline, hotel, and car rental options into a single website portal, what type of competitive advantage are they pursing?

Answers

When Travelocity consolidates multiple airline, hotel, and car rental options into a single website portal, they are pursuing the competitive advantage of the selection of products.

In the field of business, such factors or attributes that allow a particular business to function better and provide more, better services to the customers are referred to as the competitive advantage. The provision of multiple products under the same place or website is a competitive advantage for a business.

The provision of multiple airline services, multiple hotel services, and car rental services provides the competitive advantage of the selection of multiple products to the customers who use Travelocity. In this way, Travelocity has a competitive advantage over other businesses as it provides multiple product options.

Although a part of your question is missing, you might be referring to this question:

when Travelocity consolidates multiple airlines, hotel, and car rental options into a single website portal, what type of competitive advantage are they pursuing?

A. Delivery

B. Pick up

C. Selection of products

D. Strategic Vision

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luxury motors introduced a new car to its already popular sedan line. the new car sold very well in its first year, so the company was surprised to find that its overall sales volume remained about the same as did its market share. what is the likely reason for this? the company experienced cannibalization from the new car from its existing product line. the company needed to revamp a model rather than create a new model. the company failed to assess customer interest in luxury cars. the company’s new car was disruptive technology to its existing product line. the company didn’t differentiate the new car from its existing product line.

Answers

The likely reason for this is that the company experienced cannibalization from the new car from its existing product line.

Car's cannibalization refers to take out the salvageable parts from something, maybe from a broken machine in order to put something else together or fix it. Thus, to include a part taken from one thing into the repairing, repairing, or making of another object.

However, the new car's cannibalization of the company's existing product line occurred is the likely reason for this. Marketing cannibalization is often done unintentionally when the marketing  campaign for certain new products draw the customers away from an already established product.

Hence, option A is correct.

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ford motor company announces that next month it will offer $3,000 rebates on new mustangs. as a result of this information, today's demand curve for mustangs

Answers

As a result of the announcement, the demand curve for mustangs will shift to the left.

What will be the effect of the announcement?

The demand curve is a graph that shows the relationship between the price of a good and the quantity demanded of a good. The demand curve slopes downward. This indicates that there is a negative relationship between the price of a good and the quantity demanded of the good.

When Ford announces the rebate, people would prefer to buy their cars next month instead of today  in order to take advantage of the rebate. As a result, the demand curve would shift to the left as a result of the decline in demand for Ford.

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Answer:

i have no clue what all of that is but i would just sick with ether ram 1500, ford mustang GT

Explanation:

At the time of retirement a couple has $250,000 in account that pays 8. 4% compounded monthly. If the couple decides to withdraw from the account monthly for 10 years, how much should they withdraw every month if they don’t want any money in the account after those 10 years?.

Answers

The situation can be seen as a payout annuity problem and the couple should withdraw $3,086.29 each month

The formula of payout annuity is given by:

P = PMT. [1 - (1 + r)⁻ⁿ] / r

Where:

P = present value

PMT = payout annuity

r = interest rate per period

n = number of periods

Parameters given:

P = $250,000

The annual interest rate is 8.4%. Since the withdrawal is monthly, we need to divide it by 12.

r=  8.4%/12 = 0,007

The number of periods is:

n = 12 months x 10 years = 120

Plug the parameters into the formula:

250,000 = PMT × [1 - (1 + 0,007)⁻¹²⁰] / 0.007

PMT = 250,000 × 0.007 / 0.567

       = 3086.29

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in many product categories, 20 percent of the people (heavy users) consume 80 percent of the product. marketers who base their marketing efforts on reaching this 20 percent of heavy users are practicing segmentation.

Answers

In several product categories, 20% of consumers (high users) use 80% of the product. Volume segmentation is a technique used by marketers whose campaigns are based on attracting this 20% of frequent customers.

Volume segmentation refers to the split of a market into segments based on the volume of variable demand for the product by people, groups, or different categories of customers; often, the segments are rated to imply heavy, medium, or light consumption.

The term "segmentation" refers to the division of a market into distinct, actionable, profitable, and portions with room for expansion. To put it another way, due to limitations on time, money, and effort, a Volume segmentation corporation would not be able to target the entire market. It must have a "definable" segment—a large group of customers who can be located and targeted with a fair amount of effort, expense, and time.

With hundreds of products, a proliferation of media, ad fatigue, and general economic issues across the globe markets, Volume segmentation assumes significant importance in today's congested market. A company's ability to successfully segment the market might mean the difference between success and closure.

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The complete question is

In many product categories, 20% of the people consume 80% of the products. Marketers who base their marketing efforts on reaching this 20% are practicing ____ segmentation.

the demand for massage therapists declined in the spring of​ 2016, but the starting wages paid to massage therapists was still the same at the end of 2016. this is an example of a

Answers

Supply and demand problem. The demand went down but the supply stayed the same because the wages stayed the same

quizlet in the best-efforts method of issuing stock, an underwriter promises to sell as much of the issue as possible, but does not guarantee to sell the entire amount.

Answers

Best efforts agreements exempt underwriters from having to buy any shares they are unable to sell. The underwriter is not required to guarantee that the full IPO issue will be sold in a best-efforts contract.

The promise a service provider makes to go above and above to fulfill a contract's criteria is referred to as "best efforts." In the financial industry, an underwriter promises an issuer that they will do their best efforts to sell as many of the securities they are providing as feasible. Even though the two parties agree to sell some securities, the underwriter doesn't promise to sell them all.

An underwriter's pledge to use their best efforts to sell as much of a securities offering as feasible is referred to as "best efforts."It is also a phrase used in generic service agreements in place of a concrete delivery commitment.In contrast, a firm commitment or bought transaction requires the underwriter to purchase all of the shares or debt and sell it all in order to break even.

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The complete question is  

The best-efforts method of issuing stock, an underwriter promises to sell as much of the issue as possible, but does not guarantee to sell the entire amount.

Capturing information directly from the source through such systems as point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has had little impact on operations and supply chain management. True or false?.

Answers

False, Capturing information directly from the source through such systems as point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has had a huge impact on operations and supply chain management.

Technological advancement in the world today  has brought about tremendous growth in all sectors. Data is processed swiftly, results are generated almost immediately and decisions are made quicker. The integration of these devices and services has shifted the focus to understanding both what all the information is saying and also how good are the decisions that can be made using it.

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Aat which stage in the typical buying process is the customer aware of a need and has evaluated one or more solutions with the resolve to do something, but may have obstacles or concerns to contend with?.

Answers

Information search is the stage in the purchase process when the consumer realizes a need and becomes determined to take action but may face challenges or worries.

Customers go through a series of actions in order to purchase a product. The buying process consists of steps that a consumer performs when deciding what to buy. In a typical consumer transaction, necessities and wants are acknowledged. The information search comes next followed by an analysis of all the options. Finally, the transaction is completed and an evaluation is conducted afterward.

The Information search stage starts when the consumer becomes conscious of his need or desire. He seeks more information about the solution to his dilemma and starts looking for the best available options for solving this issue. A consumer may research products by looking at commercials, print materials, videos, websites and even by asking his friends and relatives.

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in a given year, country a exported $12 million worth of goods to country b and $6 million worth of goods to country c; country b exported $4 million worth of goods to country a and $7 million worth of goods to country c; and country c exported $5 million worth of goods to country a and $2 million worth of goods to country b. according to scenario 4-1, country c has net exports of:

Answers

The value of net exports by Country C is $-8 million.

What is net exports?

Export would comprise of goods and services produced in one country that is being sold to foreign countries. Import would comprise of foreign produced goods and services that are produced in a foreign country and is been sold in a home country.

Net export is the difference between export and import.

Net export = export - import

Value of good imported to Country C = $6 million + $7 million = $13 million

Value of goods exported by Country C = $5 million

Net export = $5 million - $13 million = $-8 million

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what is the present value of your trust fund if you have projected that it will provide you with $50,000 7 years from today and it earns 10% compounded annually? $29,411.76 $25,000.00 $28,223.70 $25,657.91

Answers

Since the interest is 10% compounded annually, the present value of your trust fund is  $25,657.91

The formula for the future value with compound interest:

FV = P (1 + r)ⁿ

Where:

P = present value

r = interest rate per period

n = number of periods.

Parameters given from the problem:

FV =  $50,000

n = 7 years

r = 10% = 0.1

Hence,

50,000 = PV (1 + 0.1)⁷

PV = 50,000/1.1⁷

     = 25,657.91

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a firm has total assets of $3,000,000 and stockholders equity is $1,000,000. what is the debt-to-total asset ratio? round to two decimal places. example .777

Answers

Debt to total assets ratio is 67%. It can be calculated by divide total debt by total assets.

The debt ratio can be defined as a solvency ratio that measures the company's total liabilities as a percentage of its total assets. In other words, it shows how many assets the company has to sell to pay off all of its liabilities. This ratio measures the financial leverage of a company. Companies with a higher level of liabilities compared to assets are considered to have high leverage and are riskier for lenders. This ratio also helps investors and creditors analyze the company's overall debt burden as well as the company's ability to repay debt in future, uncertain economic times.

Total assets = Total equity +  Total debt

$3,000,000 =  $1,000,000 + Total debt

Total debt = $2,000,000

Debt to assets= total debt / total assets = 2,000,000/ 3,000,000 = 0.67

% debt to assets = 0,67. 100% = 67%

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ben is planning a ground-breaking ceremony for the company's new headquarters in charlotte, north carolina. he has a limited budget. if he rents air-conditioned tents, he will go over budget. he thinks he could ask one of the business units to cover the expense. if everyone is sweating through their suits while they eat at the reception, the day might be a failure, even if everything else runs smoothly. ben is at which step in rational decision making?

Answers

Ben is at Selecting the best alternative step in the rational decision-making process

Alternatives should offer meaningful options and choices to decision-makers and should reflect significantly diverse perspectives on the issue or priorities across objectives. Selecting the best alternative involves the ability to distinguish between tangible and intangible forces, between tangible and intangible forces, and between facts and assumptions.

The three common methods or instruments for deciding which option is best in a decision-making situation are experience, experimentation, and study and analysis. The difference between a successful manager and an unsuccessful one is their capacity to choose the optimal course of action from a variety of potential possibilities.

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Is the sentence “If Ashley is late, other people do her work.” true or false?

Answers

Answer: false

Explanation:

because she should be on time and she should keep track of her own work.

question 5 imagine that an aerospace company builds a new line of passenger jets. increased raw material costs cause the company to spend more on aluminum than planned. which of the triple constraints does this change impact the most?

Answers

Despite the connection between the three limitations, the budget would be most affected by a price increase.

Describe your budget:

An income- and expense-based spending plan is referred to as a budget. In other words, it's an estimation of the amount of money you'll earn and spend over a specific time frame, like a month or a year.

How come it's called a budget?

A financial or fiscal year, that might or might not coincide with the calendar year, is the time span that budgets in national finance typically cover. The Old French term brunette, which means "small sack," is where the word budget originates.

What does accounting budget mean?

In order to estimate future revenue and expenses, a budget serves as a financial document. A budget, in its simplest form, is a plan that accounts for current expenditures, future savings, and anticipated income.

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if the interest charge for the current month for a standard home loan is $1,000.00, and the stated interest rate is 4.0 percent per year, what is the current balance on the loan?

Answers

The current balance on the loan is $300,000

This is the total interest charged on your credit card debt, split down into three categories: purchases, cash advances, and balance transfers. If you make a partial payment or make a payment beyond the due date, interest will be applied. If you don't make a monthly payment by the due date on your credit card balance, interest is charged. Interest accrues everyday when you hold a balance from month to month based on the so-called Daily Periodic Rate (DPR). DPR is only another term for your daily interest charge.

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Dog food manufacturers, such as ralston purina, also have begun offering super-premium foods based on "life-stage nutrition. " the marketing strategy ralston purina is using is called?.

Answers

Dog food manufacturers, such as Ralston Purina, also have begun offering super-premium foods based on "life-stage nutrition." The marketing strategy Ralston Purina is using is called trading up strategy.

Trading up strategy is considered as the practice in order to improve an offering, which is done by adding new features and higher quality materials or adding products or services to increase the purchase price.

So, this strategy tends to add a higher-priced, higher-quality version of a product to the range. This practice is mainly done to increase sales of the lower-priced model through consumer association.

Hence, the strategy of trading up is used by Dog food manufacturers, such as Ralston Purina.

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cost management, one of the ten pmbok guide knowledge areas, includes the processes involved in planning, estimating, budgeting, financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

Answers

Project Cost Management, one of the ten PMBOK guide knowledge areas, includes the processes so that the project can be completed within the approved budget. The Statement is True.

The fourth of the PMBOK's ten project management knowledge areas is project cost management. It has four processes.  The final one involves managing project finances while a project is being carried out, and it takes place in the Monitoring and Controlling process group.

These three fall within the planning process category because they all include establishing project budgets.

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The question was incomplete. Check below the full question.

Whether the statement is True or False.

Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.

a department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. for the month of january, there were no units in the beginning work in process inventory; 89,300 units were started into production in january; and there were 19,400 units that were 45% complete in the ending work in process inventory at the end of january. what were the equivalent units of production for conversion costs for the month of january?

Answers

If there were no units in the beginning work in process inventory; 89,300 units were started into production in january; The equivalent units of production for conversion costs for the month of january is:  78630.

Equivalent units

Using this formula to determine the equivalent units for conversion costs

Equivalent units = [(Ending WIP units x percentage  complete) + ((Units started into production - Ending WIP units) x percentage complete)

Let plug in the formula

Equivalent units = (19,400 units x 45%) + ((89300 - 19400) x 100%)

Equivalent units = 8,730 + 69,900

Equivalent units = 78,630

Therefore we can conclude that  the company equivalent units is 78,630 units.

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since east asia was essentially self-sufficient in all essential commodities, foreign trade primarily involved luxury goods such as chinese silk, porcelain, jade, and:

Answers

East Asia had a near-complete self-sufficiency in all vital commodities, and the bulk of its international trade was in luxury items like Chinese silk, porcelain, jade, as well as opium.

What exactly does the phrase "foreign trade" mean?

Foreign trade is the transfer of products and services on the global market between two nations. It helps make raw materials and finished goods more accessible in nations where they are either scarce or unavailable.

What is international trade, and why is it crucial?

Nations can expand their markets by acquiring commodities and services through international trade that would not otherwise be accessible domestically. Global commerce seems to have increased market competition. As a result, prices become more competitive and the consumer receives a less priced product.

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the current​ zero-coupon yield curve for​ risk-free bonds is as​ follows: maturity ​(years) 1 2 3 4 5 ytm 4.98% 5.47% 5.74% 5.93% 6.09% what is the price per $100 face value of a​ two-year, zero-coupon,​ risk-free bond? question content area bottom part 1 the price per $100 face value of the​ two-year, zero-coupon,​ risk-free bond is ​$enter your response here

Answers

Recall the 1.5-year, 8.5%-coupon bond.

• Using the zero rates 5.54%, 5.45%, and 5.47%, the

bond price is 1.043066 per dollar par value.

• That implies a yield of 5.4704%:

In finance, a discount is the hobby payment received through a bondholder from the date of issuance till the date of adulthood of a bond. Coupons are generally defined in phrases of the "coupon rate", which is calculated by including the sum of coupons paid according to year and dividing it by using the bond's face cost. As instance, if a bond has a face cost of $1,000 and a discount charge of 5%, then it can pay general coupons of $50 in keeping with year. Normally, this can include semi-annual payments of $25 every. The origin of the time period "coupon" is that bonds have been historically issued inside the form of bearer certificates. Physical ownership of the certificate changed into (deemed) proof of possession. Several coupons, one for every scheduled hobby payment, had been printed on the certificate. At the date the coupon changed into due.

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How has creating an Income and Expense Statement helped Evan manage his money?​

Answers

Evan was able to match up his revenue and cash inflow to his expenses and cash outflow by creating an income and expense statement. However, not all cash inflows and outflows are related to income or expenses.

Define revenue.

Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.

Even without income, receipts are conceivable. For instance, this activity results in a receipt but no revenue if the consumer paid in advance for a service or undelivered products.

Because it appears first on an income statement for a corporation, revenue is referred to as the top line. Revenues less expenses equals net income, sometimes referred to as the bottom line. When sales are more than costs, there is a profit.

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