Glits Co ltd, a key client, is requesting a loan from its bank to fund a plant expansion project. This project is expected to enhance Glits capacity by 20%. BDC & Co conducted market research and informed the board that Glits Co would be able to sell the increased output. Mr Namushe, the finance director, recently called you and requested a reference from your audit firm regarding Glits Co’s capacity to meet its obligations and the feasibility of the business idea. Your audit team is getting ready to start the audit for the fiscal year that concluded on February 29, 2020. Discuss any ethical and professional matters raised in the above case
Answers
The ethical and professional matters in the case include maintaining independence and objectivity, considering the timing of the reference request, and independently assessing the reliability and accuracy of market research.
The case presents several ethical and professional matters that need to be addressed. Firstly, as an audit firm, it is essential to ensure independence and objectivity when providing references or opinions on a client's financial situation or business idea.
The audit firm should not compromise its independence or integrity by providing biased or misleading information.
Secondly, the audit team needs to consider the timing of the reference request. Since the audit for the fiscal year ending February 29, 2020, is yet to start, it implies that the audit team does not have current and updated information on Glits Co's financial position and performance.
Providing a reference without conducting a thorough audit could be seen as unprofessional and potentially misleading.
Thirdly, the market research conducted by BDC & Co needs to be independently assessed by the audit firm to ensure its reliability and accuracy. The audit team should critically evaluate the research findings and gather additional information, if necessary, to form an objective opinion on the feasibility of the business idea.
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Related Questions
1) In the following scenarios, who is not the author of a copyrighted work?
A) an employer who cancels the "work for hire"
B) an employer who arranges for a "work for hire"
C) an employee who creates an artistic work outside the scope of employment
D) an employee who creates a "work for hire"
2)Remedies available to a trademark owner whose trademark has been infringed by counterfeit goods include all of the following except _____.
A) no damages, if the act was unintentional
B) treble damages
C) an injunction
D) lost profits
Answers
Answer:
c and b
Explanation:
Answer:
B and C
Explanation:
srry if im wrong
but hope this helps :)
Tri-County G&T sells 150,000 MWh per year of electrical power to Boulder at $75 per MWh, has fixed costs of $82.5 million per year, and has variable costs of $25 per MWh. If Tri-County has 1,000,000 MWh of demand from its customers (other than Boulder), what will Tri-County have to charge to break even?
Answers
Answer:
Tri-County has to charge $824.59 per MWh to breakeven.
Explanation:
Breakeven Point is the level at which a firm neither makes a profit nor a loss.
Step 1 : Calculate the Total Fixed Costs
If If Tri-County has 1,000,000 MWh of demand from its customers other than Boulder, then the total fixed costs has to be established for the company first as follows :
Unit Cost = Total Existing Fixed Costs ÷ Existing Activity (Boulder)
= $82,500,000 ÷ 150,000 MWh
= $550 per MWh
Fixed costs including the demand from other customers :
Total MWh = 150,000 MWh ( Boulder) + 1,000,000 MWh (Other customers)
= 1,150,000 MWh
Therefore,
Total Fixed Costs = Unit Cost × Total MWh
= $550 × 1,150,000 MWh
= $632,500,000
Step 2 : Calculate the Break even point in dollars
Break Even Point (dollars) = Fixed Costs ÷ Contribution Margin ratio
Where,
Contribution Margin ratio = Contribution ÷ Sales
= Selling Price - Variable Costs ÷ Sales
= ($75 - $25) ÷ $75
= 0.667
Break Even Point (dollars) = $632,500,000 ÷ 0.667
= $948,275,862.10
Step 3 : Calculate the unit selling price to break even
Unit Price = Total Sales ÷ Total Units Sold
= $948,275,862.10 ÷ 1,150,000 MWh
= $824.59 per MWh
Conclusion :
Tri-County has to charge $824.59 per MWh to breakeven
Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie
Answers
The total liabilities of the Chester corporations as on July 31st will be $99,775.
What are total liabilities?
The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.
Using the given information in the formula below, we get,
\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)
Thus, the total liabilities of Chester Corporation is computed as $99,775.
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In considering the appropriate price for the product or service, the marketing team will consider which of the following questions?
A) How does the competition use place in marketing, and how effective are their efforts?
B) How does the product or service differ from the competition's?
C) Is the guest price sensitive to the product or service?
D) Is this a seasonal product or something for which there is demand year-round?
Answers
The marketing team will consider, "Is the guest price sensitive to the product or service?". The correct option is C.
When determining the appropriate price for a product or service, the marketing team will consider a variety of factors, including the cost of production, the value that the product or service provides to customers, and the prices charged by competitors. If customers are highly price sensitive, then the marketing team may need to set a lower price in order to remain competitive and attract customers.
On the other hand, if customers are less price sensitive, then the marketing team may be able to set a higher price and still attract customers who are willing to pay for the value that the product or service provides. Therefore, understanding the price sensitivity of the target audience is a crucial factor when determining the appropriate price for a product or service.
The correct option is C.
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Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answers
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
A self-fulfilling prophecy that causes a person to behave in a positive manner to meet expectations is called the ________ effect.
Answers
A self-fulfilling prophecy that causes a person to behave in a positive manner to meet expectations is called the Pygmalion effect.
After the Greek legendary character, Pygmalion, George Bernard Shaw wrote a play. It was originally performed in front of the public on stage in German in 1913, with its premiere taking place at the Hofburg Theatre in Vienna on October 16th. In April 1914, Herbert Beerbohm Tree played phonetics professor Henry Higgins, and Mrs. Patrick Campbell played Cockney flower girl Eliza Doolittle in the play's English-language premiere at Her Majesty's Theatre in London.
Following his observation of the Protocetids of Cyprus engaging in prostitution, Pygmalion allegedly began "detesting the flaws beyond measure which nature has given to women."
Pygmalion offered offerings at Aphrodite's altar when the festival day finally arrived. He was too shy to verbalize his desire, but he secretly hoped for a wife who would be "the living likeness of my ivory girl" there. When he gave his ivory statue a kiss once he got inside, he was surprised to sense warmth. The ivory loosened up when he gave it another kiss. Aphrodite had acceded to Pygmalion's request.
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when recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as ______ and the unfavorable variances are recorded as ______.
Answers
When recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as credits, and the unfavorable variances are recorded as debits.
Favorable variances occur when the actual costs incurred are less than the standard costs, indicating cost savings or efficiency improvements. These favorable variances are recorded as credits in the journal entries to increase the relevant accounts, such as reducing the cost of goods sold or increasing the inventory.
On the other hand, unfavorable variances arise when the actual costs exceed the standard costs, indicating cost overruns or inefficiencies. These unfavorable variances are recorded as debits in the journal entries to decrease the relevant accounts, such as increasing the cost of goods sold or decreasing the inventory.
By recording these variances in the appropriate accounts, companies can track and analyze the deviations from the standard costs and evaluate the performance of their production processes.
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NEED HELP ASAP!!!!
1. Press conferences serve which of the following purposes for an organization?
A. They create enthusiasm for the organization.
B. They give information to the media for the public.
C. The promote the team in a positive light.
D. all of the above
2. Which of the following best describes the relationship between professional sports and the media?
A. The media and teams usually work together.
B. The media pays teams for information
C. Teams distrust and avoid the media
D. Teams must pay the media for coverage.
3. An example of editorial media coverage is
A. having a magazine article written about one of your players.
B. paying for a billboard in Times Square.
C. buying ad space to promote ticket sales in the local paper.
D. inviting the press to a question-and-answer session.
Answers
Answer:
1. D
2. A
3. A
Explanation:
The answers are correct
I Just took the Quick Check
✌
Press conferences serve purposes for an organization is giving information and creating enthusiasm and promoting positive light. Thus option D all of the above is correct.
The relationship between professional sports and the media is described as The media and teams usually work together. Thus option A is correct.
An example of editorial media coverage is having a magazine article written about one of your players. Thus the correct option is A.
What is Media?Media is referred to as a communication channel used to create awareness and helps readers or viewers to know about what is happening throughout the world.
Editorial coverage is material that has been provided by a third party, such as publications like magazines, journals, newspapers, and other internet sources. The information it provides to your intended audience is significant and relevant.
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Howard has a chemical burn from accidentally spilling a strong basic cleaning solution onto his arm. It causes a small burn mark that goes away after a few weeks. He has no other symptoms. What kind of exposure is this considered?
a. Acute
b. Chronic
c. Deadly
d. No Effect
Answers
The type of exposure in the given situation is acute.
Given that,
As there is a chemical blaze in Howard's arm.Because of this, Howard has a tiny burn mark that disappears in the coming weeks also he won't have any kind of mark or symptoms.It is classified as an acute exposure due to burning.Thus we can say that the type of exposure in the given situation is acute.
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National Income Accounts (dollar figures are in billions)
Expenditures for consumer goods and services $ 8,800
Exports $ 3,500
Government purchases of goods and services $ 2,000
Social Security taxes $ 1,900
Net investment $ 4,100
Indirect business taxes $ 1,100
Imports $ 3,800
Gross investment $ 5,100
Corporate income taxes $ 2,300
Personal income taxes $ 1,300
Corporate retained earnings $ 700
Net foreign factor income $ 1,100
Government transfer payments to households $ 1,200
Net interest payments to households $ 800
(Table 5.4) The country's personal saving is
Answers
Based on the National Income accounts given, the country's personal savings can be found to be $500 billion.
What are the personal savings?
This can be found as"
= Personal income - Consumption
Personal income is:
= GDP - depreciation + transfer payments to households + net interest + net foreign factor - indirect business tax - social security taxes - corporate tax - corporate retained earnings
= (8,800 + 2,000 + 5,100 + 3,500 - 3,800) - (5,100 gross investment - 4,100 net investment) + 1,200 + 800 - 1,100 - 1,900 - 2,300 - 700
= $10,600 billion
Consumption is:
= Expenditures for consumer goods and services + personal income taxes
= 8,800 + 1,300
= $10,100 billion
Personal savings are:
= 10,600 - 10,100
= $500 billion
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The aggregate production function shows a positive relation between the output produced and capital used per worker. What does the slope of the production function signify? 1 pts OThe slope of the production function shows by how many folds the country's economic growth has increased. O The slope of the production function shows how many workers are required to produce a given amount of output.O The slope of the production function shows how much extra output a worker produces when given an extra unit of capital. O The slope of the production function shows how much output a worker produces with the given amount of capital. O The slope of the production function shows how much output is produced in a financial year.
Answers
The aggregate production function is a mathematical expression that shows how many goods and services can be produced using labor and capital. The correct option is c) The slope of the production function shows how much extra output a worker produces when given an extra unit of capital.
It shows a positive relationship between the output produced and the capital used per worker. It represents the rate of change of the output concerning capital.The correct option is: The slope of the production function shows how much extra output a worker produces when given an extra unit of capital.
What is the aggregate production function?The aggregate production function is a technical relationship that describes the total amount of goods and services produced by an economy in a given period, such as a year. It can be written as:Y = F(K, L, H, N)where Y represents the total output of goods and services, K represents the capital stock, L represents labor, H represents human capital, and N represents natural resources.The slope of the production function measures the increase in output produced for each additional unit of capital. It represents the marginal productivity of capital, which is the extra output produced from one additional unit of capital. Thus, the slope of the production function shows how much extra output a worker produces when given an extra unit of capital. It is an essential factor in determining economic growth and productivity.
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14) What are the two parts of demand?
Answers
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.
alright, anyone got any chocalate
Answers
Answer:
No, I don't really like chocolate.
Explanation:
Answer:
Yes.
Explanation:
But sadly I can't give them away.
#teamtrees #WAP (Water And Plant)
The Open Door policy was designed to Group of answer choices protect American access to the China trade without resorting to war. all of the above prevent the United States from being excluded from the China markets. keep the markets of China open to the United States.
Answers
Answer:
keep the markets of China open to the United States
Explanation:
The Open Door policy was designed by the United States in 1899 and 1900.
The purposes of the policy include :
protection of equal privileges of China's trade partners. This meant that all of China's trading partners were to have equal access to all China's ports open for trading protection of China's administrative and territorial integrityA home seller, with an assumable first mortgage of $80,000 at 6%, is able to carry back financing of $20,000 and would like to yield of at least 10%. If instead of a second deed of trust, the seller offered a wraparound mortgage of the assumable loan for $100,000 at 8% interest, which of the following would be true? The seller will receive more than a 10% yield on the $20,000 equity. 2. The seller will yield 8% plus the market rate of the wraparound mortgage index. 3. The seller will earn the same yield either way. 4. The seller will receive exactly 8% yield on the $20,000 equity.
Answers
If instead of a second deed of trust, the seller offered a wraparound mortgage of the assumable loan for $100,000 at 8% interest, the following would be true:
The seller will receive more than a 10% yield on the $20,000 equity. The correct option is 1.
A home seller, with an assumable first mortgage of $80,000 at 6%, is able to carry back financing of $20,000 and would like to yield of at least 10%.
What is a wraparound mortgage?A wraparound mortgage is a loan where a borrower takes out a second mortgage to cover the costs of the first mortgage, as well as any additional funds required for the property. When a borrower takes out a wraparound mortgage, the second mortgage will cover the remaining amount owed on the first mortgage, plus any extra funds the borrower might require.
The borrower makes one payment on the second mortgage, which wraps around the first mortgage. The seller will receive more than a 10% yield on the $20,000 equity. Therefore, the option 1 is correct.
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which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answers
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
A note card company has found that the marginal cost per card of producing x note cards is given by the function below, C′(x)=−0.03x+84;x≤1000
where C'(x) is the marginal cost, in cents, per card. Find the total cost of producing 740 cards, disregarding any fixed costs.
Answers
To find the total cost of producing 740 note cards, we need to integrate the marginal cost function C'(x) with respect to x over the desired range.
Given the marginal cost function C'(x) = -0.03x + 84, where x ≤ 1000, we can integrate it to find the total cost function C(x):
C(x) = ∫(-0.03x + 84) dx
Integrating, we get:
C(x) = -0.015x^2 + 84x + C
Now, to find the total cost of producing 740 cards, we evaluate the total cost function C(x) at x = 740:
C(740) = -0.015(740)^2 + 84(740) + C
Since we are disregarding any fixed costs, the constant term C does not affect the cost of producing 740 cards. Therefore, we can ignore it in this context.
C(740) = -0.015(740)^2 + 84(740)
Simplifying the equation:
C(740) = -0.015(547600) + 62360
C(740) = -8214 + 62360
C(740) = 54146
The total cost of producing 740 note cards, disregarding any fixed costs, is 54,146 cents.
Note: It's worth noting that the cost is given in cents, so you may convert it to dollars if needed by dividing by 100.
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Paul Peterson has found a supplier of hole punches that offers quantity discounts. The annual demand is 20,000 units, the ordering cost is $100 per order, and the carrying cost is 0.5 of the unit price. For quantities that vary from 0 to 1,999, the unit price is $10. The price is $9.98 for quantities that vary from 2,000 units to 3,999 units and $9.96 for quantities that vary from 4,000 to 10,000 units. Should Paul take the quantity discount? Why, why not?
Answers
Yes, Paul should take the quantity discount because it will result in cost savings for his business.
To determine whether Paul should take the quantity discount, we need to compare the total costs of ordering and carrying the units with and without the discount. Without the discount, the unit price is $10 for quantities up to 1,999 units. Considering the annual demand of 20,000 units, Paul would need to place 10 orders, resulting in ordering costs of $1,000 (10 orders * $100 per order). The carrying cost would be $0.5 * $10 * 20,000 units, which equals $100,000. Therefore, the total cost without the discount is $101,000. With the discount, the unit price decreases to $9.98 for quantities between 2,000 and 3,999 units. Assuming Paul orders 4,000 units, he would need to place 5 orders, resulting in ordering costs of $500 (5 orders * $100 per order).which equals $99,800. Thus, the total cost with the discount is $100,300.
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What is motivation?
Answers
Answer:
C.
Explanation:
What is motivation very short answer?
Motivation is the process that initiates, guides, and maintains goal-oriented behaviors. It is what causes you to act, whether it is getting a glass of water to reduce thirst or reading a book to gain knowledge. Motivation involves the biological, emotional, social, and cognitive forces that activate behavior.
Suppose that a manager is managing a portfolio whose benchmark is the Barclays Capital Intermediate Aggregate Index, which has duration of 4.68. Suppose the market value of the portfolio on March 31, 2018 was $48,559,815. The portfolio duration is 2.97. Suppose the portfolio manager seeks to follow a duration matched strategy and therefore the portfolio’s target duration is the benchmark duration.
Explain how this can be done with the buying or selling of a $100,000 5-year Treasury note futures contract at price $112.79, and dollar duration of $6022. Show all calculations.
(10 marks)
Answers
The portfolio manager should sell 1362 Treasury note futures contracts with a dollar value of $136,200,000 to achieve a duration match with the benchmark.
To implement a duration-matched strategy, the portfolio manager aims to adjust the portfolio's duration to match the benchmark duration. In this case, the benchmark duration is 4.68, while the portfolio duration is 2.97.
To calculate the change in portfolio duration, we can use the formula:
Change in Duration = (Portfolio Duration - Benchmark Duration) * Portfolio Value
Change in Duration = (2.97 - 4.68) * $48,559,815 = -$8,206,705.95
Now, let's calculate the number of Treasury note futures contracts required to offset this duration mismatch:
Number of Contracts = Change in Duration / Dollar Duration per Contract
Number of Contracts = -$8,206,705.95 / $6,022 = -1362.82
Since the number of contracts cannot be negative, the portfolio manager needs to sell 1362 contracts.
To calculate the dollar value of the futures contracts, we multiply the number of contracts by the contract size:
Dollar Value of Contracts = Number of Contracts * Contract Size
Dollar Value of Contracts = 1362 * $100,000 = $136,200,000
Therefore, the portfolio manager should sell 1362 Treasury note futures contracts with a dollar value of $136,200,000 to achieve a duration match with the benchmark.
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What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answers
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses. Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain?A)$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary incomeB)$6,000 is treated as ordinary income, $4,000 is treated as long-term capital gainC)10,000 is treated as long-term capital gainD)$10,000 is treated as ordinary income
Answers
During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses.
What is ordinary income?
Ordinary income is income that is not subject to special tax treatment in the form of lower tax rates or other tax preferences. It is the most common form of income and includes wages, salaries, tips, commissions, bonuses, and net income from self-employment.
It also includes most types of investment income, such as dividends, interest, and capital gains, as well as rental income and any other income reported on IRS Form 1040. Ordinary income is subject to taxation at the taxpayer's marginal tax rate, which can range from 10% to 37%.
Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain.$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary income.
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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answers
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.
Help I need the answer fast
Answers
Answer:
This is due to compound interest on the credit card bills.
Explanation:
Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.
Now let’s deconstruct your ad. In your journal, describe and explain your ad design. Answer the following questions: 1) Why did you choose your product? 2) What is the purpose of your product? 3) What is your chosen demographic? Why did you choose that demographic? 4) What advertising appeal did you use? Why did you choose your advertising appeal? 5) In what ways could this ad be improved to meet more ethical standards of advertising?.
Answers
The ad design chosen for the journal is described and explained below, addressing the choice of product, its purpose, the selected demographic, the advertising appeal used, and potential improvements to enhance ethical standards.
1. The chosen product for the ad design is a sustainable and eco-friendly household cleaning solution. This product was selected due to the increasing demand for environmentally conscious and sustainable options in the market. By promoting a product that aligns with sustainability values, it aims to attract consumers who prioritize eco-friendly choices.
2. The purpose of the product is to provide an effective cleaning solution while minimizing the environmental impact. It aims to offer an alternative to traditional cleaning products that often contain harmful chemicals and contribute to pollution. The goal is to encourage consumers to adopt sustainable practices in their daily lives, promoting a healthier and more eco-conscious lifestyle.
3. The chosen demographic for the ad is environmentally conscious individuals, particularly those who prioritize sustainable living and are concerned about the impact of their choices on the planet. This demographic was chosen as they are more likely to be receptive to the message and value proposition of an eco-friendly cleaning product. By targeting this specific group, the ad aims to resonate with their values and meet their needs.
4. The advertising appeal used in the ad design is an emotional appeal. The focus is on evoking emotions related to environmental responsibility, well-being, and the desire to make a positive impact. By tapping into the emotional aspect, the ad aims to create a connection with the audience and elicit a sense of purpose and fulfillment that comes from choosing sustainable products.
5. To improve the ad's ethical standards, it could provide more transparent and accurate information about the product's sustainability claims and certifications. The ad should avoid any greenwashing tactics, ensuring that the claims made are supported by reliable evidence and verifiable sources. Additionally, the use of inclusive and diverse imagery can enhance the ad's ethical standards by promoting inclusivity and representation. Lastly, the ad should encourage responsible consumption and disposal of the product, highlighting proper usage instructions and the importance of recycling or disposing of the packaging in an environmentally friendly manner.
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I want to know about the difference between manufacturing business and service providing businees?plz.
briefly
Answers
Manufacturing businesses sell a different product than service businesses do. A manufacturing business creates and sells a physical product where a service business sells a service. For instance, a soap company is a manufacturing business. In contrast, a service business could be an accounting or a legal firm. In both cases, an action is for hire. The accountant will do taxes or the lawyer will prepare a brief. There is no physical product to sell; instead, the customer requires the service provider's involvement.
Explanation:Businesses tend to take one of two forms – manufacturing or service-oriented. As the names suggest, manufacturing businesses manufacture something where service businesses offer a service. Certainly, there are some businesses that do a little of both, like selling a product but also providing repair and leasing services. However, there are important differences between these business types, differences that span from the product sold to the way the company keeps its books.
dollar co. sold merchandise to pound co. on account, $25,500, terms 2/15, net 45. pound co. paid the invoice within the discount period. what is the amount of sales from the above transactions? group of answer choices
Answers
The sales amount to be recorded for the transaction is $25,500
The perpetual method and the periodic method are both ways of keeping inventory records. The accounting entry for sales will be made as the sale is made and will consist of two entries: one for the cost of goods sold and one for the sales revenue account.
The sales were on account for $25,500 and assumed to be booked on gross value, and will be debited to accounts receivable and credited to Sales revenue. The sales discount is 2% paid within 15 days of the invoice date and will be debited to the sales discount and credited to accounts receivable
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Explain ONE possible non-financial aim an entrepreneur may have when starting a
small business
Answers
Answer:
Gaining experience
Explanation:
How should work history be listed
a{with the most recent experience last
b{in a separate document
c[in your cover letter
D{with the most recent experience first
Answers
Answer:
It depends on whether you have a lot of work experience- if you do then you want to list your work history first and if you don't then you want to list your education first.
Explanation:
Answer: with most recent experience first
Explanation: I took the test
Suppose the economy is in long-run equilibrium and wealth increases. In the short-run, the inflation rate will _____ relative to its initial level. a. increase b. decrease c. not change
Answers
Suppose the economy is in long-run equilibrium and wealth increases. In the short-run, the inflation rate will increase relative to its initial level.
In economics, long-run equilibrium is a state in which all factors of production have been fully utilized. When a market reaches a long-run equilibrium, firms will have made adjustments to their production methods and will have achieved the most efficient production process possible. This will maximize profits while maintaining market prices and wages at a sustainable level. In the long run, the economy will tend to produce goods and services at the lowest possible cost.
The impact of wealth on inflation in the short run as per the given statement, if the economy is in long-run equilibrium and wealth increases, in the short-run, the inflation rate will increase relative to its initial level. Inflation is defined as the rate at which prices of goods and services are rising in the economy. When the economy is in long-run equilibrium, there is no scope for output expansion.
Suppose wealth increases, it means that people have more disposable income, which may create additional demand. Since the output is fixed in the short run, the prices of goods and services will increase, resulting in an increase in the inflation rate relative to its initial level.
Hence, the correct answer is a) increase.
Know more about the long-run equilibrium click here:
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