On a bank's balance sheet, the value of its assets must equal the value of its liabilities plus net worth.
What can the asset be determined?A balance sheet is a financial statement that reports a company's assets, liabilities and net worth at a point in time.
According to the accounting equation: assets = liabilties + net worth
Net worth is total assets less liabilities. Assets are items owned by a person that creates future benefits. Liabilities are what are owed to another person.
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A(n)____loss is reported if a discontinued operation is held for sale and the book value of the assets is more than the fair value minus cost to sell. (enter only one word.)
A Impairment loss is reported if a discontinued operation is held for sale and the book value of the assets is more than the fair value minus cost to sell.
What is Impairment loss ?
When the fair market value of a business asset decreases more than the asset's book value on the company's financial statements, the asset is said to be impaired. A decline in an asset's net carrying value that is larger than the asset's future concealed cash flow is what is meant by an impairment loss technically.
Hence, A Impairment loss is reported if a discontinued operation is held for sale and the book value of the assets is more than the fair value minus cost to sell.
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What is a major function of the public sector
Answer:
Public sector provides many services such as; education, health and social care.
______ establish national bank, pay off war debt, pass whiskey tax and protective tariff.
Hamiltons financial plan establish national bank pay off war debt pass whiskey tax protective tariff.
What do you mean by national bank?A national bank is a type of commercial bank in the US. A national bank will be chartered by the U.S. Treasury's comptroller of the currency. This organization will carry out its duties as a Federal Reserve member bank and a district Federal Reserve Bank investing member. It's possible that national banks may help with the Treasury bond auction procedure. The Federal Deposit Insurance Corporation (FDIC) membership is a requirement. Internationally, "national bank" and "central bank" are interchangeable terms for banks that are under the control of a nation's national government. Within national economies, central banks determine monetary policies.
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The return on common stockholders’ equity is computed by dividing a) net income less preferred dividends by ending common stockholders’ equity. b) net income less preferred dividends by average common stockholders’ equity. c) net income by ending common stockholders’ equity. d) net income by average common stockholders’ equity.
Answer:
b) net income less preferred dividends by average common stockholders’ equity
Explanation:
Common stock dividends in a company is paid to stockholders after preferred dividends have been removed.
Preference shares are issued to investors with an agreement that they will recieve dividends before other shareholders.
So when calculating return on common stockholder's equity we will first deduct dividend paid to preference share holders.
The income coming to common share holders is now divided by average common stockholders equity to get the return on common stock equity.
Return on equity is usually used as a measure of how efficiently management uses company's assets to generate profits.
Should highschoolers have nap time?
Best answer gets brainliest and 100 points!
Accounting for income taxes can result in the reporting of deferred taxes as Group of answer choices a contra-asset account a non current liability a current liability a current asset
Accounting for income taxes can result in the reporting of deferred taxes as a noncurrent liability. Deferred taxes are reported as a noncurrent liability on the balance sheet.
Deferred taxes arise due to temporary differences between the financial reporting of income and the taxable income, resulting in future tax consequences. These temporary differences can be caused by items such as depreciation, deferred revenue, or tax credits.
Deferred tax liabilities represent the amount of income tax that will be payable in future periods when the temporary differences reverse and result in taxable amounts. Since these liabilities are expected to be settled beyond the current reporting period, they are classified as noncurrent liabilities on the balance sheet.
It's important to note that deferred tax assets, which arise from deductible temporary differences and unused tax losses or credits, are also reported on the balance sheet. However, they are classified as current assets if they are expected to be realized within the next 12 months, and as noncurrent assets if they will be realized beyond that period.
Therefore, deferred taxes are reported as a noncurrent liability on the balance sheet.
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investment spending includes spending on
Answer:
Investment spending is spending on goods to produce other goods. Investment spending includes the accumulation of new inventories. It also includes spending by households on new houses. ... Gross investment is the total spending on investment goods.
Explanation:
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shareholders cannot be held personally responsible for the corporation's debt because the shareholders have
Shareholders cannot be held personally responsible for the corporation's debt because the shareholders have Limited liability.
Limited liability is a legal concept that separates the liabilities of a corporation from the personal liabilities of its shareholders. It means that the shareholders' liability is limited to the amount they have invested in the corporation, typically the value of their shares. If the corporation incurs debt or faces legal obligations, the shareholders are generally not personally responsible for satisfying those debts or obligations.
Limited liability is a fundamental principle of corporate law that encourages investment and entrepreneurship by providing shareholders with protection against the financial risks associated with the corporation's activities. It allows individuals to invest in corporations without exposing their personal assets to potential losses beyond their initial investment.
However, it is important to note that limited liability does not absolve shareholders from all potential legal liabilities. Shareholders can still be held accountable for certain actions, such as fraud or illegal activities, where the concept of limited liability may be disregarded under certain circumstances.
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Shareholders cannot be held personally responsible for the corporation's debt because the shareholders have Limited liability.
Limited liability is a legal concept that separates the liabilities of a corporation from the personal liabilities of its shareholders. It means that the shareholders' liability is limited to the amount they have invested in the corporation, typically the value of their shares. If the corporation incurs debt or faces legal obligations, the shareholders are generally not personally responsible for satisfying those debts or obligations.
Limited liability is a fundamental principle of corporate law that encourages investment and entrepreneurship by providing shareholders with protection against the financial risks associated with the corporation's activities. It allows individuals to invest in corporations without exposing their personal assets to potential losses beyond their initial investment.
However, it is important to note that limited liability does not absolve shareholders from all potential legal liabilities. Shareholders can still be held accountable for certain actions, such as fraud or illegal activities, where the concept of limited liability may be disregarded under certain circumstances.
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Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?
Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
Calculation of January Cash Receipts
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
Kathy makes $66,000 per year, and she pays a net federal income tax rate of 18.85%. how much should kathy expect to pay in taxes every year? a. $78,530 b. $12,441 c. $10,481 d. $53,559 please select the best answer from the choices provided a b c d
Kathy should pay $12,441 in taxes every year,i.e. option b is correct. When income= $66,000/year and Net federal income tax rate = 18.85%
As it is given,
18.85% of $66,000 = (18.85 * 66,000) / 100
= $12,441 i.e. kathy expects to pay in taxes/year
What is Income Tax?
The federal government and the majority of states in the US impose income taxes. Applying a tax rate to taxable income, that is the entire income less permissible deductions, yields the income taxes, which may rise as income rises. Income is a broad concept. Estates and trust may be subject to taxation on income that has not been dispersed, in addition to individuals, corporations, and the government. While partnerships are exempt from taxation, the partners' portions of the partnership's income are subject to taxation. While nonresidents are solely subject to local taxes, residents and nationals are subject to worldwide taxes. Just at federal and several state levels, an alternative tax is in effect.
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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
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When were cooking guilds formed, establishing many of the professional standards and traditions still used today?.
The period when cooking guilds formed, establishing many of the professional standards and traditions still used today were formed was 1400-1600 A.D. during the Renaissance.
How did the Renaissance impact society?Art, science, and culture underwent a new transformation throughout the Renaissance. With first the rediscovery of classical philosophy, literature, and art, as well as the new discoveries in travel, invention, and style, it altered the way the citizens thought.
The Renaissance demonstrates the value of looking to the past for solutions to current problems and inspiration. By looking to the past for advice today, we can uncover not just potential sources of solutions, but also strategies for overcoming problems that earlier cultures have had to deal with.
It should be noted that during this period, people tried out new things and this was when cooking guilds weee formed, which established many of the professional standards and traditions still used today.
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Which of the following is something a "smart pick list" does NOT help pickers do?pick materials based on order of deliverypick materials based on due datephysically lift heavy itemspick materials using a pre-programmed, efficient route
Answer:
physically lift heavy items
Explanation:
pick materials based on order of delivery (that makes sense so you know when everything comes in)
pick materials based on due date (that makes sense so you how to plan and order everything to line up right)
pick materials using a pre-programmed, efficient route (that makes sense so you have a guide! You won't have to stress this way and it's seems simple.)
physically lift heavy items (that doesn't makes sense if they're heavy you'll be wasting your time fighting up with it. Have people help do that.)
T/F creativity is both derivative and unique
The correct answer is True. Creativity can be both derivative and unique at the same time. Derivative creativity involves taking existing ideas or concepts and adapting or modifying them to create something new. This form of creativity involves drawing inspiration from existing ideas and adding your own unique twist to them.
Unique creativity, on the other hand, involves creating something entirely new and original that has never been seen or heard of before. This type of creativity requires a high degree of originality, imagination, and innovation. It is important to note that both forms of creativity are equally valuable and can lead to great success. Some of the most successful and iconic works of art, music, and literature have been derivative in nature, taking inspiration from existing works and adding their own unique spin. At the same time, many groundbreaking inventions and ideas have stemmed from unique creativity, leading to transformative change in various industries.
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Business process reengineering is a tool for
O radically redesigning and streamlining how an activity is performed, with the intent of achieving quantum improvements in performance
O using Six Sigma techniques to reduce the errors and defects in performing value chain activities
O avoiding the shortcomings of a fragmented functional organization structure by reorganizing a company's entire business operation into a series of process departments and charging each process department with full responsibility for performing all aspects of a particular value chain activity
O expediting the redesign of existing products and shortening the design-to-market cycle
O instituting total quality management of all value chain activities
The correct response is c. avoiding the shortcomings of a fragmented functional organization structure by reorganizing a company's entire business operations into a series of process departments and charging each process department with full responsibility for performing all aspects of a particular value chain activity.
Harvesting value from a company's assets is what business operations are. Assets may be tangible or intangible. Rent is a prime example of value that comes from a tangible asset, like a building. A royalty is an illustration of value that is derived from an intangible asset, such as an idea. Business operations cycles are the amount of work required to "harvest" this value. Everything that takes place inside a firm to keep it operating and making money is referred to as "business operations" in the general sense. In order for the firm founders to comprehend the systems, tools, personnel, and procedures required to run the business, business plans frequently include a part devoted to operations.
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Knowing your decision-making style does not really help you determine your strengths and weaknesses as a decision maker, but it can help you understand when a decision needs to be made. True or false?.
Knowing your decision-making style does not really help you determine your strengths and weaknesses as a decision maker, but it can help you understand when a decision needs to be made false.
whether you are main a team, a business enterprise or comparing your personal tasks, it is critical to recognize the way you arrive at a selection. Knowing this, you may be capable of examine if any other fashion is possibly higher in your profession or a selected situation.
Decision making is the choice of a technique to weigh options and discover a way to a hassle. The 4 types of selection making are directive, conceptual, analytical and behavioral options. Every chief has a choice of ways to research a hassle and are available to a solution.
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Societies make decisions about what type of goods to produce by:
O A. determining which good is the scarcest.
O B. considering their people's wants and needs.
O c. differentiating between physical and human capital.
D. choosing which factor of production is most important.
Answer:considering their people wants and needs
Explanation:
Societies make decisions about what type of goods to produce by considering their people's wants and needs. The correct option is b.
What do you understand by the term goods?Goods are items that satisfy human wants and provide utility, for example, to a consumer purchasing a satisfying product. A common distinction is made between transferable goods, and services, which are not transferable.
A good is an economic good if it is useful to people but scarce about its demand so that the human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, and almost anything owned or used daily that is not food-related.
A consumer good or final good is any item that is ultimately consumed, rather than used in the production of another good.
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Which best describes how a recession develops as demand and production decrease?
a.)The recession accelerates.
b.) The recession spirals out of control
c.)The recession feeds on itself.
d.) The recession starts and stops.
The best answer to describe how a recession develops as demand and production decrease is: c.) The recession feeds on itself.
When demand and production decrease, it can lead to a cycle of economic decline and further contraction, which is often referred to as a recession feeding on itself. Here's a more detailed explanation:
During a recession, reduced consumer demand leads to decreased production and sales for businesses. As a result, companies may cut back on production, lay off workers, or even shut down operations. These actions further reduce consumer spending power, leading to a continuous decline in demand. This downward spiral can cause more businesses to struggle, leading to additional job losses and decreased spending.
The reduced spending and economic downturn can also have a ripple effect on other sectors of the economy. For example, decreased consumer spending can impact suppliers, retailers, and service providers, causing a cascading effect of reduced demand and production throughout the economy.
As the recession feeds on itself, the negative cycle can become self-reinforcing, exacerbating the economic decline. It often takes concerted efforts by governments, central banks, and other economic actors to implement measures such as fiscal stimulus, monetary policy adjustments, or other interventions to break the cycle and stimulate economic recovery.
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The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.
Considering the situation described above, this demand for bread can be categorized as a "static demand."
This is because a static demand is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "Static Demand."
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HELP TAKING TEST!! Suppose you are a treatment specialist and desire additional training and certification. What would the best avenue for you to
obtain this?
O counselor certification
O specialist certification
O therapist certification
O crisis certification
Soledad and winston are partners who share income in the ratio of 1:3 and have capital balances of $49,800 and $71,700, respectively, at the time they decide to terminate the partnership. after all noncash assets are sold and all liabilities are paid, there is a cash balance of $63,700. what amount of loss on realization should be allocated to soledad?
The amount of loss on realization to be given to soledad will be $16700 if there is a remaining cash balance of $63700.
What is cash balance?The sum of cash that a business has on hand is known as its cash balance. To cover any unforeseen cash outflows, this money is maintained on hand. Businesses can find themselves unable to pay their expenses without this safety net. Normally, cash balances are put towards debt repayment or given back to investors in the form of a dividend. You obtain it by adding the money received and deducting the money expended. The quantity of cash on hand is called the cash balance. You obtain that by adding this month's cash flow to the previous month's cash balance, or deducting if the cash flow is negative.
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Which of the following can open a joint account without restriction?A: Parent and minorB: Guardian and custodianC: 3 limited partnersD: Registered representative and client
A joint account is typically opened by two or more individuals who have the legal authority to enter into a financial agreement together (option c).
In the given options:
A: Parent and minor - A minor typically does not have the legal capacity to enter into a financial agreement, so they cannot open a joint account without restrictions.
B: Guardian and custodian - Both the guardian and custodian typically have legal authority over the minor's finances. However, the specific restrictions and requirements may vary based on jurisdiction and the specific circumstances.
D: Registered representative and client - While a registered representative (such as a financial advisor) can assist a client in opening a joint account, the client's consent and agreement are generally required.
Only option C: 3 limited partners suggests a scenario where three limited partners can open a joint account without any restrictions, as they have the legal capacity and authority to enter into financial agreements. The correct option is c.
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Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership
Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.
Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.
A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.
How can you create any elegant and artistic presentation of a cake or pastry considering the product and its container?
if the price of a good increases by 10% and total revenue stays the same, then the price elasticity of demand for this good over this range of prices must be if the price of a good increases by 10% and total revenue stays the same, then the price elasticity of demand for this good over this range of prices must be perfectly inelastic. perfectly elastic. less than 1. greater than 1. equal to 1.
If price of good increases by 10% and the total revenue stays same, then price elasticity of demand for this good over this range of the prices must be perfectly inelastic.
What is price elasticity of demand?Price elasticity of demand is a measure of how sensitive the quantity demanded of a good or service is to changes in its price. It is calculated as percentage change in quantity demanded divided by percentage change in price. If the value of price elasticity of demand is greater than 1, the demand for the product is said to be elastic, which means that a small change in price will result in a large change in the quantity demanded. On the other hand, if the value is less than 1, the demand is said to be inelastic, which means that changes in price will have little effect on the quantity demanded. A perfectly elastic demand curve would be horizontal, indicating that consumers are willing to buy any amount of the good at a given price, while a perfectly inelastic demand curve would be vertical, indicating that consumers will buy the same amount regardless of the price.
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An increase in the tax rate on dividends, other things equal, is likely to result in a(n)?
An increase in the tax rate on dividends, other things equal, is likely to result in a decrease in after-tax returns for investors who receive dividend income. When the tax rate on dividends increases, investors will have to pay a higher percentage of their dividend income in taxes.
Suppose an investor receives $1,000 in dividend income from a stock and the tax rate on dividends is 20%. With this tax rate, the investor would have to pay $200 in taxes, leaving them with $800 in after-tax income.
In summary, an increase in the tax rate on dividends is likely to result in a decrease in after-tax returns for investors. This could make dividend-paying stocks less appealing compared to other investments.
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An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock would be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money
Answer:
A) improperly; the order should have been placed on Thursday
Explanation:
An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.
In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.
Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.
However his delay till Friday resulted in a loss of $2 per share below Thursday's low.
The agent acted improperly.
jack's organization has many projects ongoing concurrently. he finds himself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. jack is experiencing
There are several initiatives running concurrently at Jack's company. He frequently finds himself starting and stopping work on one item to complete another, then going back to the first one. Task switching is affecting Jack.
Because it may take some time to become used to the new job and reenter the flow of work, task switching can be disruptive and make it challenging to finish tasks effectively. When activities need to be successfully prioritized and handled when several projects are ongoing, this may be extremely difficult.
To minimize the negative effects of task switching, it may be helpful for Jack to try to minimize distractions and set clear priorities for his work, and try to work on one task at a time as much as possible. It may also be helpful to use time management techniques, such as the Pomodoro Technique, to help him stay focused and manage his time effectively.
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Which of the following is the total amount of tax owed by an individual to a taxing authority such as the IRS?
O Tax break
O Tax bracket
O Tax exemption
O Tax liability
The total amount of tax owed by an individual to a tax authority is known as tax liability.
The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability.
Generally speaking, when you make money or gain from the sale of an investment or other item, you have to pay taxes. If you don't have enough income to qualify for tax filing, you might not owe any income taxes.
To Calculate Tax Liability, you should consider:
By totalling up all of your income, deducting any necessary expenses, and applying the result to the tax tables for your filing status, you can estimate your tax obligation for the year.For instance, contributions made to an employer-sponsored retirement plan that permits pre-tax deferrals or a health savings account (HSA) won't be counted toward your taxable income.Furthermore, you may be eligible to deduct some expenses from your gross income, such as interest on student loan debt or health insurance premiums if you are self-employed and paid them all year. These are referred to as above-the-line deductions or adjustments to income. Your adjusted gross income is the outcome (AGI).To know more about the taxation system:
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply