The Generally Accepted Accounting Principles (GAAP) rules tend to reflect a company needing to show more expense and less income than under tax law because the GAAP follows the accrual basis of accounting, while the tax law follows the cash basis of accounting.
The accrual basis of accounting records revenues and expenses when they are earned and incurred, regardless of when the cash is received or paid. Therefore, expenses can be recognized and deducted before cash is actually paid out. Conversely, the cash basis of accounting only recognizes revenues and expenses when cash is actually received or paid. This means that expenses will only be recognized after cash is actually paid out.
For example, a company may have incurred a $1,000 expense in January under the accrual basis of accounting and must report this expense on their income statement for the month. However, the company may not pay out the cash until March.
Under the cash basis of accounting, the company would not report the expense on their income statement until March. This difference in accounting methodologies can lead to a company reporting higher expenses and lower income when using the accrual basis of accounting for GAAP purposes, compared to the cash basis of accounting for tax law purposes.
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fred gets paid today. he expects a paycheck of $5. he has 8 shares ibm stock in the cookie jar at home with a current price of $1 each. he buys widgets at the store and usually they cost $1 each. his plan is take his paycheck, 25% of the stocks, which he will sell for $1 each, and buy 7 widgets. it turns out all prices doubled today. widgets are now $2, his paycheck is $10, and his stock is worth $2 each. he is still going to use all of his paycheck and 25% of his stock to buy widgets. how many widgets will he buy?
Fred, who has 8 shares of IBM stock in the cookie jar at home with a current price of $1 each, is expecting a paycheck of . He usually purchases widgets for $1 each from the store.
However, today, all prices have doubled. Widgets are now $2, his paycheck is $10, and his stock is worth $2 each. Regardless, he plans on using all of his paycheck and 25% of his stock to purchase widgets. Fred has $5 of the paycheck, and he can sell 2 shares of his stock (25% of 8 shares) for $2 each. $2 x 2 shares = $4 total.
Thus, Fred has a total of $9 ($5 + $4) to purchase widgets.(number of widgets that Fred can purchase = (total money that Fred has) / (cost of each widget))Now we have, the total money that Fred has is $9, and the cost of each widget is $2.$9 ÷ $2 = 4.5 widgets Therefore, he can buy only 4 widgets.
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how did the american government affect industrial growth? * 1 point it provided incentives for growth. it followed a policy of laissez faire. it closely regulated the pace of the growth. it increased taxes on industry. it balanced agrarian and industrial demands
The American government has played an important role in the industrial growth of the United States. It provided incentives for growth and followed a policy of laissez-faire. However, it did not closely regulate the pace of growth nor did it increase taxes on industry. The government balanced agrarian and industrial demands, thus facilitating industrial growth.
The American government facilitated industrial growth in several ways. One of the ways was by providing incentives for growth. For instance, the government encouraged entrepreneurs to invest in industries by offering land grants and subsidies. This led to the establishment of numerous industries, particularly in the North, where there was abundant capital and resources.
Another way the government facilitated industrial growth was by following a policy of laissez-faire. The government believed that the market forces should be allowed to determine the prices of goods and services. Therefore, it did not interfere with the operations of businesses. This policy allowed businesses to grow and innovate without government interference.
The government did not closely regulate the pace of industrial growth. It allowed businesses to grow at their own pace, provided they did not violate any laws. This allowed businesses to expand rapidly, particularly during the Gilded Age, when the government was not heavily involved in the regulation of businesses.
The government did not increase taxes on industry. Instead, it reduced taxes on businesses, particularly during the early years of industrial growth. This allowed businesses to grow and invest more capital in their operations. It also made the United States a more attractive place to do business, particularly for foreign investors.
Finally, the government balanced agrarian and industrial demands. The United States was an agrarian country in the early years of industrial growth. However, the government realized that the country could not grow without industries. Therefore, it implemented policies that ensured that both industries and agriculture grew side by side. This included the Homestead Act, which encouraged settlement of the West, and the Morrill Act, which established land-grant universities that promoted agriculture and engineering.
In conclusion, the American government played a crucial role in the industrial growth of the United States. It provided incentives for growth, followed a policy of laissez-faire, did not closely regulate the pace of growth, reduced taxes on businesses, and balanced agrarian and industrial demands. These policies allowed businesses to grow and innovate, thus transforming the United States into an industrial powerhouse.
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1.reason that businesspeople use their resources efficiently in production consumers 2.individuals, businesses, and different regions produce certain products profit 3.people whose wants are being satisfied demand 4.another name for a businessperson entrepreneur 5.what determines how much is produced specialization
The reason that business people use their resources efficiently in production is because of the consumers. Business people need to produce efficiently to meet the demand of their customers.
If a business is not efficient, it will have difficulty in fulfilling the demand of their customers. This will lead to the customer being unsatisfied and it will ultimately lead to a loss of business. Therefore, business people use their resources efficiently in production to meet the demand of their customers.
Individuals, businesses, and different regions produce certain products to make a profit. The primary objective of any business is to make a profit. Business owners invest their resources to create products or services that can be sold for a higher value than their production cost.
This profit is then used to sustain the business and pay their expenses, invest in research and development, and expand their business.
People whose wants are being satisfied demand. The demand for a product or service is directly proportional to how much the customers want it. The more a product or service is in demand, the more the business owners produce.
The less a product is demanded, the less the business owners produce. The demand for a product is determined by how much people want it. If people want it, they will buy it. If they don’t, they won’t.
Another name for a business person is an entrepreneur. An entrepreneur is an individual who starts a new business, creates something new, or brings a new idea to the market.
Entrepreneurs are risk-takers, innovative, and creative individuals who are willing to invest their time, money, and resources into starting a new venture.
What determines how much is produced is specialization. Specialization is when individuals or businesses focus on producing a certain type of product or service.
Specialization allows businesses to produce a product or service more efficiently because they can focus on producing one specific product. This results in a higher level of productivity, which leads to increased production levels. Therefore, specialization determines how much is produced.
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which stage of the entrepreneurial transition faces the probable crisis of confusion over ambiguous roles and responsibilities?
The crisis of confusion over ambiguous roles and responsibilities is most likely to occur in the Exploration stage of the entrepreneurial transition.
This is the stage in which a person explores the viability of their business idea and decides to pursue it. It is also the stage in which roles and responsibilities become unclear.
During this stage, the person may not have enough experience or knowledge to accurately define these roles and responsibilities, resulting in confusion and misunderstandings.
This confusion can lead to costly errors and setbacks, as well as an overall lack of clarity and direction in the venture.
In order to avoid this crisis, it is important to research the various roles and responsibilities associated with entrepreneurship, such as creating a business plan, managing finances, marketing, sales, and customer service.
Additionally, it is important to develop a strong understanding of the industry, product, and target audience.
By gaining a clear understanding of these elements, the person will be better equipped to properly define roles and responsibilities and avoid confusion during the Exploration stage.
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suppose that the risk-free rate is 3% and that the market risk premium is 4%. round your answers to one decimal place.
Typos or irrelevant parts of the question should not be ignored. It is important to use the terms provided in the student question.Suppose that the risk-free rate is 3% and that the market risk premium is 4%. To calculate the expected return on a stock using the capital asset pricing model (CAPM), the following formula is used:Expected Return on Stock = Risk-Free Rate + Beta × Market Risk PremiumWhere Beta is a measure of the stock's volatility relative to the market. If Beta is not given, it must be calculated using regression analysis or another method. Once Beta is known, the expected return on the stock can be calculated. For example, suppose a stock has a Beta of 1.5.Using the CAPM, the expected return on the stock would be:Expected Return on Stock = 3% + 1.5 × 4% = 9%Therefore, the expected return on the stock is 9%.When answering questions on Brainly, it is important to be factually accurate, professional, and friendly. Answers should be concise and provide relevant information without extraneous detail.
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which phase of the business cycle is characterized by increasing levels of unemployment? answer unselected peaks unselected growth unselected recessions
The phase of the business cycle that is characterized by increasing levels of unemployment is the recessionary phase of the business cycle.
WHAT'S RECESSIONA recession is defined as a significant decline in economic activity that lasts for more than a few months. During a recession, many businesses fail, unemployment rises, and consumer confidence falls.In general, during a recession, there is a decrease in the demand for goods and services, which leads to lower prices and reduced output.
This, in turn, results in layoffs, lower wages, and a decline in the overall standard of living. To fight a recession, governments can use monetary and fiscal policy tools to stimulate economic activity and prevent a deeper contraction.
The fiscal policy includes increasing government spending or reducing taxes to boost aggregate demand. Meanwhile, monetary policy involves adjusting interest rates to influence the cost and availability of credit.
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an investor sells a european call at a premium of $2 with a strike price of $54 for stock a with expiration in 1-month. what will be the profit for the investor in one month at stock price of $52.
The investor will have a loss of $2 when the stock price of A is $52 after one month since the stock price is below the strike price of $54.
The investor initially received a premium of $2 for selling the call option, so their net loss from the transaction will be $2 (Premium Received - Losses).
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the process of blank is significant because, once the decision has been made and implemented, the firm must live with it due to the high costs of moving. multiple choice question. fixed-position layout continuous manufacturing organization process layout facility location
The process of facility location is important because, once the decision is made and put into action, the company must live with it because moving costs a lot of money.
How does change management work?A methodical approach to dealing with the transition or transformation of an organization's goals, procedures, or technologies is known as change management. The motivation behind change the executives is to carry out techniques for affecting change, controlling change and assisting individuals with adjusting to change.
The organization's processes, systems, and employees will all be affected by the change, so the change management strategy must take this into account. Planning and evaluating change, communicating change, scheduling and implementing change, documenting change, and evaluating its effects all require a procedure. In addition to providing an audit trail in the event of a rollback, documentation is an essential part of change management because it ensures compliance with internal and external controls, including regulatory compliance.
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the velocity of money the velocity of money cannot be calculated for an actual economy is the number of times a typical dollar changes hands is the number of times a typical dollar is used to make a purchase in a year is required to calculate the money multiplier is how fast money can be transferred
The velocity of money refers to the rate at which money is exchanged in an economy. In other words, it measures the frequency with which a unit of currency is used to purchase goods and services within a certain period. It is calculated as the ratio of nominal gross domestic product (GDP) to the money supply.
The velocity of money cannot be calculated for an actual economy: It is important to note that the velocity of money cannot be calculated for an actual economy because it is a theoretical construct. Nevertheless, it provides a useful framework for understanding how changes in the money supply can affect economic growth and inflation.
Economists use the velocity of money as a tool to study the behavior of consumers, investors, and policymakers. By examining how the velocity of money changes over time, they can identify patterns in the economy and make predictions about future trends.The number of times a typical dollar changes hands is required to calculate the money multiplier:In order to calculate the money multiplier, one must first determine the velocity of money.
This can be done by measuring the frequency with which a typical dollar is used to make a purchase in a year. Once the velocity of money is known, it is possible to estimate the money multiplier, which is the ratio of the change in the money supply to the change in the monetary base.
The money multiplier is a key concept in macroeconomics, as it helps to explain how changes in the monetary policy of a country can impact its economy.How fast money can be transferred:The velocity of money is also affected by how fast money can be transferred between individuals and institutions.
In general, the more efficient and secure the payment system of a country, the higher the velocity of money will be. This is because people are more likely to use electronic transactions instead of physical currency, which can be slow and costly to transfer.
Additionally, the availability of credit and other financial instruments can also influence the velocity of money, as they provide alternative means of payment for consumers and businesses.
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you deposit $2000 in a saving account and a year later you have $2100.meanwhile the cpi rises from200 to 204. in this case, the nominal interest rate is --------- percent, and the real interest rate is-------------percent
You deposit $2000 in a saving account and a year later you have $2100. Meanwhile the CPI rises from 200 to 204. In this case, the nominal interest rate is 5% and the real interest rate is 3.92%.The nominal interest rate can be calculated as:Nominal interest rate = (Ending balance - Beginning balance) / Beginning balance * 100%
Nominal interest rate = ($2,100 - $2,000) / $2,000 * 100%
Nominal interest rate = 5%
The real interest rate can be calculated as:
Real interest rate = Nominal interest rate - Inflation rate
Inflation rate = (CPI at the end of the period - CPI at the beginning of the period) / CPI at the beginning of the period * 100%
Inflation rate = (204 - 200) / 200 * 100%
Inflation rate = 2%
Real interest rate = 5% - 2% = 3%
Therefore, the nominal interest rate is 5% and the real interest rate is 3%.
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movies such as alexander nevsky (1938) and the grand budapest hotel (2014) use various visual elements to:
Both Alexander Nevsky (1938) and The Grand Budapest Hotel (2014) are films that use various visual elements to enhance their storytelling and immerse the audience in their respective worlds.
What is common to both movies alexander nevsky (1938) and the grand budapest hotel (2014)In Alexander Nevsky, directed by Sergei Eisenstein, the use of high-contrast black-and-white cinematography creates a stark, dramatic effect that underscores the film's themes of conflict and violence. Eisenstein also employs dynamic camera angles and editing techniques, such as rapid cuts and montage sequences, to create a sense of urgency and momentum in the battle scenes.
Meanwhile, in The Grand Budapest Hotel, directed by Wes Anderson, the visual style is characterized by its whimsical, colorful aesthetic and highly stylized production design. Anderson uses a mix of practical and digital effects to create a sense of magic and fantasy in the film's setting, a fictional Eastern European hotel in the 1930s. He also employs meticulous framing and symmetrical compositions to create a sense of order and symmetry in the film's world, which contrasts with the chaos and disorder of the story's plot.
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which type of newspaper advertisements run in their own section, typically with headings for type of product, service, or offering?
The type of newspaper advertisements that run in their own section, typically with headings for type of product, service, or offering are called "classified ads" or "classified advertisements."
What are classified advertisements?Classified advertisements are usually grouped together in a specific section of the newspaper, such as "Jobs," "Real Estate," "Automotive," or "For Sale," and are arranged according to their respective categories.
Classified ads are commonly used by individuals and businesses to promote their goods and services, and are usually charged based on the length of the ad and the category in which it appears.
Therefore, the correct answer is as given above. It could then be concluded that the type of newspaper advertisements that run in their own section, typically with headings for type of product, service, or offering are called "classified advertisements".
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D the agent met with a prospect and ended up selling an insurance policy. While filling out the insurance application, D makes a mistake. In this situation D MUST
In this instance, D must tell the potential customer of the error committed when completing the insurance application. It is crucial to be open and truthful with customers because any erroneous information.
Short answer: What does discrimination mean?When people act on their stereotypes or prejudices, discrimination occurs. The term "discrimination" describes actual actions taken against another person or group. Discrimination occurs when a person is denied employment because of their gender or religion.
In a nutshell, what is discrimination for class 8?The unequal treatment of a person or group based on prejudice is known as discrimination. Definition: Discrimination is when a person or group is treated differently due to bias.
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Atlas Door created competitive advantages in overall low cost and differentiation by creating ___________ among value-chain activities.
A. substitutes
B. advantages
C. disadvantages
D. linkages
Atlas Door created competitive advantages in overall low cost and differentiation by creating linkages among value-chain activities.
The value chain refers to a collection of activities that a company undertakes to create value for its customers.
Value Chain Analysis is a framework that helps companies identify their key competitive advantages in overall low cost and differentiation. It allows businesses to develop an understanding of the value they provide to their customers through their products and services.
Atlas Door created competitive advantages in overall low cost and differentiation by creating linkages among value-chain activities. These linkages enabled Atlas Door to streamline its business processes and lower costs while providing high-quality products and services.
Thus, Atlas Door was able to create a competitive advantage by differentiating itself from its competitors in the marketplace.
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chive works for an mnc whose csr philosophy is to do the legal minimum to stay in business and to only make changes when asked. what type of crs approach does the company take?
The company appears to take a Compliance-based CSR approach, where they comply with legal regulations, but do not exceed those standards and do not act independently of what they are asked to do.
The company's Corporate Social Responsibility (CSR) approach appears to be a compliance-based approach, where they do the legal minimum to stay in business and only make changes when asked. This type of approach is focused on meeting the letter of the law and not necessarily the spirit of it. This means that the company is only interested in meeting legal requirements and does not actively strive to create a positive social impact. They will only make changes when asked to do so.
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a home sells for $275,000, and the buyer assumes the seller's existing loan balance of $125,000. what is the transfer tax on this property?
The transfer tax on this property is $3,150.
What is Transfer Tax?A transfer tax is a local or state tax imposed when the ownership of a property is changed. When a home sells, the transfer tax is usually levied. A transfer tax is imposed by some states, cities, or municipalities, and the fees and requirements vary depending on the locality.
It is a tax levied on the transfer of ownership or real estate or property. In this question, we have to determine the transfer tax on a property that sells for $275,000, and the buyer assumes the seller's existing loan balance of $125,000.
So, the transfer tax is calculated based on the purchase price of the home, which is $275,000.
To find the transfer tax on this property, we first need to determine the purchase price. The purchase price is the total amount that the buyer paid for the property, including any assumed loans.
Purchase price = Selling price + Assumed loan balance = $275,000 + $125,000 = $400,000
The transfer tax rate in this locality is 0.007875.
Transfer tax = Purchase price × Transfer tax rate = $400,000 × 0.007875= $3,150
Therefore, the transfer tax on this property is $3,150.
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20. what is the difference between the acceptable quality level and the lot tolerance percent defective?
Answer:
20
Explanation:
AQL is the Acceptable Quality Limit of a lot. It is generally defined as the percent defectives that a sampling plan will accept a percentage of the time, whereas LTSD focuses on the percent defective that will be rejected
marcy tucker received the following items this year. determine to what extent each item is included in her agi. assume the taxable year is 2022. required: a $26,750 cash gift from her parents. a $570 cash award from the local chamber of commerce for her winning entry in a contest to name a new public park. $8,350 alimony from her former husband, which he paid under the terms of their 2011 divorce decree. $107,000 cash inheritance from her grandfather.
The extent to which each item is included in Marcy Tucker's Adjusted Gross Income is as follows: $26,750 cash gift from her parents is not included in her AGI, $570 cash award from the local chamber of commerce is included in her AGI. $8,350 alimony from her former husband is included in her AGI $107,000 cash inheritance from her grandfather is not included in her AGI.
AGI stands for Adjusted Gross Income, which is the amount of income that is subject to federal income tax. In the given scenario, Marcy Tucker received a cash gift from her parents, which is not taxable and hence not included in her AGI. On the other hand, the cash award from the local chamber of commerce is a type of income and is therefore included in her AGI.
Similarly, the alimony paid by her former husband is taxable income and is included in her AGI. Lastly, the cash inheritance received from her grandfather is not considered taxable income and hence not included in her AGI. It is important to accurately determine what income is taxable and what is not, in order to avoid any discrepancies or penalties during tax filing.
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a price reduction for the purchaser because goods received were not as expected is called a purchase . multiple choice question.
A price reduction for the purchaser because goods received were not as expected is called a purchase allowance.
What is a purchase allowance?A purchase allowance is a deduction that a seller provides to a buyer who has obtained the product but has discovered issues or discrepancies with it. When goods are returned by the buyer, it may be deducted from the cost of the items that are exchanged or refunded.
Purchase allowances are most frequently utilized in scenarios where a seller cannot repair a product that has been returned or when a product is being phased out. A purchase allowance is granted in these cases to compensate the buyer for the faults, which reduces the cost of the items.
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what is the term for the negative result of an organization raising the price of a product too far above the equilibrium
The term for negative result of an organization raising the price of a product too far above the equilibrium is "price ceiling" or "price floor."
What is a price ceiling?A price ceiling is a government-imposed limit on the maximum price that can be charged for a particular good or service. The intention behind a price ceiling is often to make that good or service more affordable and accessible to consumers, especially those with lower incomes. Price ceilings are typically implemented during times of economic hardship or crisis, such as during a natural disaster or a recession. However, setting a price ceiling can have unintended consequences, such as shortages, decreased quality, and even a black market for the product or service. In some cases, businesses may stop producing or offering the good or service altogether if they cannot earn a profit under the price ceiling, which can worsen the situation for consumers.
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having an established risk management program means that an organization's assets are completely protected. question 4 options: true false
The given statement "having an established risk management program means that an organization's assets are completely protected" False.
Having an established risk management program does not mean that an organization's assets are completely protected. A risk management program is a proactive approach to identify and mitigate potential risks that could impact the organization's assets, reputation, operations, and stakeholders.
However, it is impossible to eliminate all risks, as some risks are inherent in any business or industry.
Moreover, risks can be dynamic and unpredictable, and new risks can emerge as technology, regulations, and market conditions change. Thus, a risk management program is a continuous process that requires ongoing monitoring, evaluation, and adaptation.
Furthermore, the effectiveness of a risk management program depends on various factors such as the organization's risk appetite, resources, culture, and leadership.
Even with a robust risk management program in place, unforeseen events such as natural disasters, cyber attacks, or pandemics can still pose significant threats to an organization's assets.
Therefore, while having an established risk management program is crucial for organizational resilience, it does not provide complete protection against all risks. Rather, it helps the organization to anticipate and manage risks effectively, minimize their impacts, and recover from them efficiently.
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a medical products firm specializes in the manufacture of prosthetic arms and legs, thereby illustrating a focus strategy. true false
The statement "a medical products firm specializes in the manufacture of prosthetic arms and legs, thereby illustrating a focus strategy" is True. What is a focus strategy? A focus strategy is a marketing and advertising approach in which a company or organization targets a small but potentially profitable segment of a larger market.
The concentrate technique can be divided into two categories: cost focus and differentiation focus. A company or business might use a focus strategy to concentrate on a specific product line, client group, geographic area, or other niche that competitors overlook, ignore, or are unable to address.
A business that targets a particular niche or section of the market can gain significant advantages by specializing and concentrating its resources, brand image, and sales efforts in a highly targeted way.
In the given statement, a medical products firm specializes in the manufacture of prosthetic arms and legs, thus reflecting a focus strategy, as it concentrates on producing and selling a specific medical product, prosthetic arms and legs, instead of a wide range of medical products.
So, the given statement "a medical products firm specializes in the manufacture of prosthetic arms and legs, thereby illustrating a focus strategy" is True.
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three partners in a business receive profits in the ratio of 2:4:8 . a fourth partner automatically receives $50,000 profit. the company during the year has a profit of $400,000. what are the amounts for the other three partners? a each partner receives $150,000. b each partner receives $116,667. c the first partner receives $64,286. the second partner receives $128,572. the third partner receives $257,144. d the first partner receives $50,000. the second partner receives $100,000. the third partner receives $200,000
The amounts for the other three partners are: c) the first partner receives $64,286, the second partner receives $128,572, and the third partner receives $257,144.
A profit is the excess revenue that remains after accounting for all expenses, debts, and operating costs. If a business receives profits, it implies that the revenue generated by the company exceeds the total costs incurred by it. The profit-sharing ratio of the other three partners is 2:4:8.The profits for the other three partners are calculated by multiplying the profit-sharing ratio by the profit of the company.
Since the fourth partner has already been given $50,000, this sum is deducted from the total profit before calculation. For the first partner: (2/14) × ($400,000 – $50,000) = $64,286For the second partner: (4/14) × ($400,000 – $50,000) = $128,572For the third partner: (8/14) × ($400,000 – $50,000) = $257,144
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a company has the following purchases and sales during march. using the fifo perpetual inventory method, what was the cost of the 22 units sold?.
During March, a company makes the following purchases and sales. The 22 units that were sold were purchased at a cost of $5940 using the fifo perpetual inventory method.
What Is a Perpetual Inventory System?A program known as a perpetual inventory system continuously estimates your inventory using electronic records rather than a physical inventory. The inventory count can be updated in real time using inventory management software and procedures. This frequently signifies that employees use barcode scanners to record sales, purchases, or returns as they occur. This data is entered by workers into a database that is updated on a regular basis and keeps track of each change. The system's name comes from its automatic, or perpetual, inventory update, which sets it apart from the periodic approach.
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in 2005 dollars, u.s. gdp was $977 billion at the start of the great depression but fell to $716 billion by 1933. what percentage decline does this represent?
The percentage decline in U.S. GDP at the start of the great depression from 1929 to 1933 is 26.7 percent.
In 2005 dollars, the U.S. GDP was $977 billion at the beginning of the Great Depression, but it fell to $716 billion by 1933. The percentage decline that this represents can be found by dividing the difference between the two values by the initial value and then multiplying by 100% to obtain the percentage value.
Therefore, the percentage decline in U.S. GDP from 1929 to 1933 is calculated as follows:
Percentage decline = [(977-716)/977] * 100%= [261/977] * 100%= 26.7%
Thus, the percentage decline in U.S. GDP from 1929 to 1933 is 26.7 percent.
The fact that U.S. GDP had decreased so significantly was one of the key reasons why the Great Depression lasted so long and was so devastating to the American economy.
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amex inc. is a worldwide company that specializes in high growth industries. it acts as a global marketer for small manufacturers of medical products, telecommunications products, and data management products. amex inc. is an example of a(n):
Amex Inc. is, given that they are a worldwide company, an example of a global conglomerate, also known as a multinational corporation (MNC).
What are global conglomerates ?A global conglomerate is a company that operates in multiple countries and specializes in a range of diverse industries. These companies often have multiple subsidiaries and brands that operate under their umbrella, and they may engage in a wide range of activities, from manufacturing and distribution to marketing and research and development.
In the case of Amex Inc., the company operates as a global marketer for small manufacturers of medical products, telecommunications products, and data management products.
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The project team ___ hard to complete tasks on time
"The project team worked hard to complete tasks on time."
In the given sentence, we need a verb that suits the tense of the sentence and is grammatically correct. The subject of the sentence is the "project team." It is a third-person, singular subject, so we need to find a verb that agrees with the subject. The sentence is in the past tense, so we will use a past tense verb. The verb "worked" is a past tense verb that agrees with the subject and suits the tense of the sentence.
The sentence indicates that the project team worked hard to ensure the timely completion of their tasks. It implies that the team had a clear understanding of their responsibilities and the project's objectives, leading to effective task planning and execution. The team's hard work could have involved long hours, effective communication, collaboration, and problem-solving to overcome obstacles and meet deadlines.
The team's success in completing tasks on time reflects their dedication and commitment to delivering quality work, meeting project goals, and ensuring client satisfaction.
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what are three characteristics that affect decision making by a group? (choose every correct answer.)
The three characteristics that affect decision-making by a group are size, diversity, and the decision-making process.
The size of the group: The size of the group is a significant factor that affects the decision-making process. In a group with a large number of members, decisions take longer to make and the process may get complicated. In contrast, small groups can make decisions quickly and efficiently.
The diversity of the group: The diversity of the group is an essential characteristic that affects decision-making. Diversity is beneficial in the decision-making process because it provides multiple perspectives and allows for a broader range of ideas to be discussed. It also means that people will approach problems differently, which can lead to more innovative solutions.
The decision-making process: The decision-making process itself can affect the outcome of the decision. The process can be affected by group dynamics, power dynamics, and the quality of communication between group members. It is important that all members of the group feel heard and valued and that the decision-making process is transparent and fair.
Therefore, the decision-making process of a group is influenced by three key factors: its size, diversity, and the decision-making process itself.
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the company just took a physical count of inventory and found $75 worth of inventory was unaccounted for. it was either stolen or damaged. which journal would the company use to record the correction of the error in inventory?
Option d is correct. General Journal is the Journal the company will use to record the correction of the error in the inventory of $75.
Which is also called journal residual or journal proper.
All the rectification entries shall have to be recorded in the general journal itself but not either in the sales journal or purchase journal or cash journal. Since the general journal is used to record transactions that cannot be recorded in any other journal, the business would use it to record the correction of the inventory error.
The adjustment of the inventory balance and recognition of a loss or expense, which cannot be recorded in the sales or purchase journal, are required to correct the inventory error.
The entry to record the adjustment would be:
Debit: Cost of goods sold or inventory loss expense $75
Credit: Inventory $75
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The full Question is:
The company just took a physical count of inventory and found $75 worth of inventory was unaccounted for. It was either shoplifted by a customer or stolen by an employee. Which journal would the company use to record the correction of the error in inventory?
a. Sales journal.
b. Purchases journal.
c. Cash receipts journal.
d. General journal.
an inflation tax is: a tax on people with inflated incomes. an excise tax on new automobile tires. a tax on businesses for raising prices. the reduction in purchasing power due to inflation.
The inflation tax refers to the reduction in purchasing power due to inflation.
What is an inflation tax?
An inflation tax is the name given to the decrease in purchasing power caused by inflation. Inflation is a rise in the general price level of goods and services over time, resulting in a decline in the value of a currency. When the government prints too much money, an inflation tax can occur.
When the supply of money grows quicker than the supply of goods and services, the value of money falls, leading to an inflation tax.It is not a tax on people with inflated incomes or businesses for raising prices. The excise tax on new automobile tires is also not related to the inflation tax.
Thus, the correct answer is option D, "the reduction in purchasing power due to inflation."Inflation can be classified as creeping, walking, running, or hyperinflation, depending on the pace at which it occurs. Inflation can also be categorized as demand-pull or cost-push, depending on the factors causing it.
As a result, inflation is a complex phenomenon that can have a variety of causes and effects.
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