The gain (or loss) recorded on the building sale -100,000.
Adjusted basis of building = 1,000,000 – 300,000 = 700,000
Sale price = 600,000
It is loss as basis is higher than selling price.
Loss on sale = 600,000 – 700,000 = -100,000
Straight-Line Method: This is the maximum usually used technique for calculating depreciation. In order to calculate the cost, the distinction among the asset's price and the anticipated salvage cost is split with the aid of using the overall quantity of years a organisation expects to apply it.
Under the revaluation technique, a ready individual values the organization's belongings on the stop of every economic yr. and the depreciation are calculated with the aid of using deducting the cost on the stop of the yr. from the cost at the start of the yr. The reason of depreciation is to symbolize a correct cost of belongings at the books. Every yr., as belongings are used, their values are decreased at the stability sheet and expensed at the earnings statement.
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when you are considering renting an apartment or house, almost all landlords will require that you pay a refundable security deposit. the need for landlords to charge a security deposits reflects . in particular, since tenants do not own the property in which they live, .
In an apartment or house, almost all landlords will require that you pay a refundable security deposit. The need for landlords to charge a security deposits reflects are the moral hazard.
What is landlords?The landlords own the land. The landlords' property is included in the rent. A landlord is anybody who rents out a property they own for a period of less than seven years through a lease or a license.
According to the landlords, security fees are advanced are called the moral hazard. Tenants do not own a home, hence they may act in such a way that it is ruined. Since of the security risk, a person will not act in the right method towards that because it is a protected deposit.
As a result, the need for landlords to charge a security deposits reflects are the moral hazard.
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This week's topic is on the project scope; in particular, we will be developing a project scope statement for your Course Project.The project scope statement is a document that details some, or all, of the sections listed below.Project descriptionProject requirementsProject deliverablesExclusionsAcceptance criteriaEstimated project scheduleResource requirementsEstimated cost of the projectProject constraintsProject assumptionsPlease, pick one of the sections above to develop content for the project scope statement
Project scope—it’s a moving target and one you want to get a bullseye on before you map out your project management plan.
Explain the Project constraints ?Project constraints are the overall restrictions placed on a project, such as its schedule, budget, and risk profile. Because they have an impact on project performance, it is crucial to comprehend project limitations. Project restrictions will be thoroughly covered in this article, along with tips on how to handle them.Constraint management is essential for project success since the majority of project restrictions have mutually reinforcing effects. You'll probably need extra money to finish the job if you determine that you need to extend the project's schedule. When your project's duration and expense increase, its scope will as well.Think "CRaB QueST" to keep the Six Constraints in mind.(Cost, Risk, Benefits, Quality, Scope and Time).Learn more about Project constraints refer to :
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firms would want to second-degree price discriminate, rather than not price discriminate, in order to: multiple choice increase profits. decrease revenues. increase demand. decrease prices. b. which of the following statements explain why second-degree price discrimination works? instructions: you must make a selection for each option. click once to place a check mark for correct answers and click twice to empty the box for wrong answers. check all that apply the law of demand states that as the price of a good decreases, the quantity demanded increases.unanswered the law of supply states that as the price of a good increases, the quantity supplied increases.unanswered the marginal revenue of a product will increase as production increases.unanswered the average total cost of production typically decreases as output increases.unanswered
Firms would want to second-degree price discriminate, rather than not price discriminate, in order to increase demand (third option).The reason that second-degree price discrimination works is the law of demand. (first option) and the total cost of production typically decreases as output increases (fourth option)
What is pricing discrimination on a second degree?When a product is supplied to customers in several marketplaces at various rates, this practice is known as price discrimination. Second-degree pricing discrimination occurs when a business charges various amounts depending on the volume of merchandise purchased.
Giving discounts for large purchases, for instance. Increased demand for a good or service is the goal of second degree price discrimination. Conditions for effective pricing discrimination
1. The company must have market dominance. If the business tried to price discriminate without having market power, they would lose clients.
2. The firm's product demand must vary in elasticity across different marketplaces.
3. The business needs to be able to divide up the market for its goods. For additional information about price discrimination,
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suppose that the following quantities of goods and their prices represent a typical college student's spending at two different times. what was the inflation rate from 2017 to 2018 according to the price indexes you derived from the question above?
The price indexes you derived from the question above is 1.3.
To locate the CPI in any 12 months, divide the price of the marketplace basket in 12 months t with the aid of using the price of the identical marketplace basket withinside the base 12 months. The CPI in 1984 = $seventy-five/$seventy-five x a hundred = a hundred The CPI is simply an index fee and it's miles listed to a hundred withinside the base 12 months, in this example 1984.
So costs have risen with the aid of using 28% over that 20 12 months period. Does the proportion extrude in costs among years extrude while the bottom 12 months is modified from Year 1 to Year 2? No Why or why not? Only the bottom is modified. The relative rate adjustments are the identical.
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when a firm's average total cost falls as its output increases, the firm is experiencing group of answer choices decreasing marginal returns. decreasing cost of marginal returns. diseconomies of scale. economies of scale. constant returns to scale.
When a firm's average total cost falls as its output increases, the firm is experiencing decreasing marginal returns.
The sum of all production expenses divided by the entire amount of output is known as the average total cost. In other words, the average cost is the sum of all fixed and variable expenses divided by the total number of units the company produces.
Both fixed and variable costs are included in the total cost of an organization. An indicator of a company's profitability that may be calculated is the average cost. The link between the production and sales costs of a unit and the price it sells for is represented by the average cost.
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people from every nation rely on the same petroleum and steel to drive their cars and build their homes. these two products are examples of _____needs.
People from every nation rely on the same petroleum and steel to drive their cars and build their homes. These two products are examples of universal needs.
In order to provide all of the requirements of the people living in a society, universal needs are defined as the things required for human existence and nourishment. It is significant to note that the objects may satisfy both fundamental and sophisticated human wants.
The creation of numerous sorts of products needed for daily use, transportation, product making, and chemical production all involve the use of bulk chemicals, petroleum, and steel. Personal digital assistants and portable calculators are included in the second group. This category, which includes completing advanced work and education, is concerned with meeting the requirements of humanity.
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Anna got a high-paying job as a lab technician upon graduation. She took five years to graduate from a public university and did take out a lot of loans. What kind of return on investment (roi) does anna demonstrate?.
Anna got a high-paying job as a lab technician upon graduation. She took five years to graduate from a public university and did take out a lot of loans. Positive ROI kind of return on investment (roi) does anna demonstrate.
Investment is the dedication of money to buy of an asset to attain an growth in fee over a period of time. funding requires a sacrifice of a few gift asset, including time, money, or attempt. In finance, the purpose of investing is to generate a return from the invested asset.
Funding entails setting capital to apply today on the way to increase its cost over the years. Funding calls for placing capital to paintings, within the form of time, cash, effort, and many others., in hopes of a greater payoff within the destiny than what turned into at first installed.
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while performing routine quantitative analysis of a record, a medical record employee finds an incident report in the record. the employee brings this to the attention of her supervisor. which best practice should the supervisor follow to deal with this situation?
Refer this record to the Risk Manager for further review and removal of the incident report is the practice should the supervisor follow to deal with this situation. Hence, option A is correct.
What is a Risk Manager?The risk manager will oversee the organization's entire insurance and risk management program and investigate and identify hazards that could endanger the company's good name, safety, security, or financial success.
Working in risk management is a very secure career. People who enjoy problem-solving and exercising their quantitative and analytical skills are usually drawn to this industry. There is a healthy work-life balance and reasonable remuneration for a career in finance.
Thus, option A is correct.
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The options are missing-
a) Refer this record to the Risk Manager for further review and removal of the incident report.
b) Remove the incident report and send it to the patient.
c) Tell the employee to leave the report in the record.
d) Remove the incident report and have nursing personnel transfer all documentation from the report to the medical record.
TRUE/FALSE. a business model outlines how the organization, or the ec project, will generate revenue through sales, transaction fees, advertising fees, affiliate fees, or other revenue sources.
FALSE :Business Model lists any estimated costs as well as the goods or services the company intends to sell, as well as its chosen target clientele. Both new and existing businesses need strong business models.
What is a business model?
A company's primary method of conducting business profitably is called a business model. Models typically include details such as the goods or services the company intends to sell, its market segments, and any projected costs.
Pricing and costs are a company model's two driving forces.As an investor, take into account whether the product being offered meets a genuine demand in the market while assessing a business plan.Types of business models
RetailerManufacturerAffiliateSubscriptionFree-for- serviceFreemiumBandling, etc.Read more about business model
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the economic burden of a tax is the: laws governing sales taxes in a country. burden created by the change in after-tax prices faced by buyers and sellers. percentage increase in the tax on an item. government-designated burden of a tax payment.
Tax incidence refers to the distribution of the tax burden between buyers and suppliers.
What does a tax cost the economy?
An illustration of how a tax affects the economy is as follows:
legislation that controls a country's sales taxes. burden that buyers and sellers must bear as a result of the change in after-tax prices. % increase in tax rates. the price tag assigned by the government to paying taxes.
Tax incidence or tax burden in economics refers to how a particular tax affects how economic wellbeing is distributed. The contrast between people who first pay taxes and those who do so in the end is one that economists draw.
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during a recession, the price of restaurant meals falls by over 10 percent. the most likely cause is:
During a recession, price of restaurant meals falls by over a ten percent. The most likely cause is shift of demand curve to the left.
What is a demand curve?In economics, the relationship between the price of a particular good (the y-axis) and the quantity of that good that is sought at that price is represented by a demand curve. Demand curves can be used to analyze the price-quantity connection for either a single consumer (a single demand curve) or for every consumer in a given market. As shown in the accompanying graphic, demand curves are typically thought to slope downward. because fewer individuals will purchase the majority of the commodities being sold when prices rise, according to the rule of demand. Demand curves are used to forecast behavior in fiercely competitive marketplaces. They are used in conjunction with supply curves to establish the equilibrium price and quantity of a market.
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in 2016, worries about the stock market caused consumer confidence in asia to fall. ceteris paribus, which of the graphs shows the correct effect on aggregate demand?
In 2016, worries about the stock market caused consumer confidence in Asia to fall. ceteris paribus. Concerns about the stock market cause a reduction in consumer confidence, which leads to a slowdown in both consumption and investment expenditure. As a result of this, at the same level of price, demand lowers, which causes the AD curve to move to the left.
Figure B illustrates the fact that OPTION C
What is stock market?Generally, Buyers and sellers of stocks, which reflect ownership claims on enterprises, congregate in a stock market, also known as an equity market or a share market. These stocks may include securities that are listed on a public stock exchange.
According to the projections of Trading Economics' global macro models and the forecasts of many experts, the Nigeria Stock Exchange (NSE) is anticipated to reach a trading level of 43607.32 points by the conclusion of this quarter. In looking to the future, we anticipate that it will trade at 41053.44 after one year has passed.
Worries about the stock market cause a reduction in consumer confidence, which leads to a slowdown in both consumption and investment expenditure.
As a result of this, at the same level of price, demand lowers, which causes the AD curve to move to the left.
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the most commonly injured bursa in the shoulder is the: question 16 options: subcoracoid bursa biceps bursa subscapularis bursa subacromial bursa
One of the largest bursae in the body, the subacromial bursa is the one that sustains the most injuries. It is located near the top of the shoulder.
Explain about the Subacromial bursa?By preventing attrition wear between the humeral head and the acromion, the subacromial bursa fulfils its purpose of preserving the supraspinatus muscle underneath. The bursa may, however, become irritated and inflamed by repetitive motion, which will result in bursitis.
You can experience shoulder discomfort and stiffness if you have subacromial bursitis. You might be awake at night from the pain if it's severe enough. Swelling and redness could also be present. Especially on the front side or upper third of your arm, your shoulder could feel sensitive to the touch.
It frequently cures within months, is common, and can be treated. Recovery might go more quickly with rest and mild activity. The bursae become irritated and inflamed in bursitis.
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bonds which require the face value (principal) amount to be paid back in installments over the life of the bond are called
Bonds that require the face value (principal) amount to be paid back in installments over the life of the bond are called Option(e) Serial bonds.
What are Serial Bonds?Serial bonds are multiple debt issues maturing at staggered intervals before all segments are fully repaid.
There is simultaneous issuance of each maturation segment in a serial bond, and the repayment schedule is detailed in the prospectus.
A serial bond does not utilize sinking funds but instead relies on revenues generated from the project the bond finances, making it particularly popular for municipal bonds.
Answer Choices:a. Callable Bonds
b. Convertible Bonds
c. Secured Bonds
d. Term Bonds
e. Serial Bonds
f. Unsecured Bonds
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mario transferred real estate with an adjusted basis of $140,000 for similar real estate with a fair market value of $160,000. the exchange qualified as a like-kind exchange. the realized gain on the exchange was $. the recognized gain on the exchange was $. mario's adjusted basis in the real estate received is $
The realized gain on the exchange was $20,000, the recognized gain was $0 and Mario's adjusted basis in the real estate received is $140,000.
What is an adjusted basis?Adjusted basis is the cost basis of an asset adjusted for various events during its ownership. It is usually used to calculate an owner's capital gain or loss for income tax purposes when the property is sold.
The Adjusted Basis tells the amount of Realized Gain (if positive) or Realized Loss (if negative).
The realized gain on the transfer of the real estate is calculated as:
Fair market Value- Adjusted basis
= $160,000-$140,000
= $20,000
Therefore, the realized gain is $20,000 and the recognized gain on the exchange and Mario's adjusted basis in the real estate received is $ 0 and $140,000 respectively.
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which of the following items would most likely not be classified as a current asset? multiple choice O office equipment O merchandise inventory O office suppliesO Prepaid rent
Office supplies would probably not be considered a current asset.
Explain about the current asset?Current assets are temporary possessions that are often depleted in less than a year. In order to keep a business running on a daily basis, current assets are used. Long-term physical assets including real estate, machinery, and equipment are known as fixed assets (PP&E). A fixed asset's useful life is longer than a year.
Current assets include things like cash, cash equivalents, short-term investments, accounts receivable, inventory, supplies, and pre-paid expenses, to name a few.
Cash is a current asset and the first line item on a company's balance sheet, so the answer is yes. The most liquid asset is cash, which can be used to buy other assets with ease. The ease with which an asset can be turned into cash is referred to as liquidity.
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lowering the costs is one of the objectives of the production and logistics function of an international firm. group of answer choices true false
"Lowering the costs is one of the objectives of the production and logistics function of an international firm." This statement is True.
Transportation and warehousing are the 2 major features of logistics. Transportation control focuses on planning, optimizing, and executing using cars to move items between warehouses, retail places, and customers. Transportation is multimodal and might consist of the ocean, air, rail, and roads. A logistic function or logistic curve is a common S-formed curve with an equation wherein x_{0}, the x price of the sigmoid's midpoint; L, the supremum of the values of the function; okay, the logistic growth price or steepness of the curve. Logistics comes from the Greek logistikos (computational). within the 1700s, logarithmic and logistic had been synonymous. due to the fact that computation is needed to are expecting the substances an army calls for, logistics has emerged as also used for the movement and supply of troops".
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Jessica placed $1,100 in a savings account which earns 3.7% interest, compounded annually. How much will she have in the account after 15 years. Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer. Provide your answer
$1897.03 Jessica have this much amount in their account after 15 years by saving it with compound interest .
How does compound interest work?The amount of the initial loan, or principal, is multiplied by one plus the annual interest rate raised to the number of compound periods minus one to determine compound interest. You will then be left with the loan balance plus compound interest.
Is compound interest a wise financial decision?The use of compound interest makes money work harder. Compound interest, as opposed to simple interest, allows your returns to generate additional returns. Compound interest may be advantageous for money held in savings accounts and the stock market.
The formula is P = Initial Principal(1 + rate)^# years
So: P = 1100(1 + 0.037)^15
P = 1100(1.037)^15
P = $1897.03
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which of the following is not considered one of the six frameworks in the framework of frameworks approach?
Collaborative approach is not considered one of the six frameworks in the framework of frameworks approach.
The framework method is what?A framework is a method for organizing, analyzing, and identifying themes in qualitative data. It works well with huge amounts of text and gives researchers a structured way to handle, examine, and pinpoint themes.
What do research frameworks in qualitative mean?The conceptual framework is created at the conclusion of a qualitative study to highlight the variables or problems that emerged from the qualitative data. It is intended to support the development of theories and the visual comprehension of the results of exploratory research.
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which of the statements below is false? a recession cannot usually be seen in gdp. the nber provides data regarding when recessions start and end. sometimes gdp can shrink quite a bit. a recession is a significant decline in economic activity.
The statement which is false is a recession cannot usually be seen in gdp
A significant, pervasive, and protracted decline in economic activity is referred to as a recession. Although more complicated formulas are also used, a general rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. Recessions are marked drops in economic activity that can endure for several months or even years. When a country's economy experiences negative gross domestic product (GDP), rising unemployment, declining retail sales, and contracting income and manufacturing measures over an extended period of time, experts declare a recession. Recessions are regarded as an inevitable component of the economic cycle or the predictable rhythm of expansion and recession in a country's economy.
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since a monopolistically competitive firm faces a downward-sloping demand curve for its product, its price will be:
Since the demand curve for a monopolistically competitive firm's product slopes downward, the price will be higher than the marginal revenue.
Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services. The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors.
Fewer entry hurdles, an active business environment, customers' access to a wide range of goods and services due to their differentiation, consumers' awareness of the goods and services available on the market, and improved product quality are all advantages of monopolistic competition.
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Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during Its first four months of operations. (FV of $1, PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): 1 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar pald $100,000 In cash for the property. According to appraisals, the land had a fair value of $75,000 and the building had a fair value of $45,000. 12. On September 1, Tristar signed a $40,000 noninterest-bearing note to purchase equipment. The $40,000 payment is due on September 1, 2022. Assume that 8% is a reasonable Interest rate. 3. On September 15, a truck was donated to the corporation. Similar trucks were selling for $2,500. 4. On September 18, the company pald Its lawyer $3,000 for organizing the corporation. 5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $15,000 and $500 In freight charges also were pald. 6. On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $5,500 normal cash price. The supplier agreed to accept 200 shares of the company's no-par common stock in exchange for the equipment. The fir value of the stock is not readily determinable. 7. On December 10, the company acquired a tract of land at a cost of $20,000. It paid $2,000 down and signed a 10% note with both principal and Interest due in one year. Ten percent is an appropriate rate of Interest for this note. T Journal entry worksheet 2 3 4 5 6 7 On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $100,000 in cash for the property. According to appraisals, the land had a fair value of $75,000 and the building had a fair value of $45,000. Note: Enter debits before credits. General Journal Debit Credit Dates September 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 3 4 5 6 7 On September 1, Tristar signed a $40,000 noninterest-bearing note to purchase equipment. The $40,000 payment is due on September 1, 2022. Assume that 8% is a reasonable interest rate. Note: Enter debits before credits. Dates General Journal Debit Credit September 01 Record entry Clear entry View general journal Journal entry orksheet < 1 2 3 4 5 6 7 On September 15, a truck was donated to the corporation. Similar trucks were selling for $2,500. Note: Enter debits before credits. General Journal Debit Credit Dates September 15 Record entry Clear entry View general journal Journal entry worksheet 5 6 7 On September 18, the company paid its lawyer $3,000 for organizing the corporation. Note: Enter debits before credits. General Journal Debit Credit Dates September 18 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 6 7 On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $15,000 and $500 in freight charges also were paid. Note: Enter debits before credits. General Journal Debit Credit Dates October 10 Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $5,500 normal cash price. The supplier agreed to accept 200 shares of the company's no-par common stock in exchange for the equipment. The fair value of the stock is not readily Note: Enter debits before credits. General Journal Debit Credit Dates December 02 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 On December 10, the company acquired a tract of land at a cost of $20,000. It paid $2,000 down and signed a 10% note with both principal and interest due in one year. Ten percent is an appropriate rate of interest for this note. Note: Enter debits before credits. General Journal Debit Credit Dates December 10 Record entry Clear entry View general journal
Tristar Production Company began operations on September 1, 2021. The complete explanation is given below.
Tristar Production Company began operations on September 1, 2021.
1.(d) land 104000
(d) building 56000
(c) cash 160,000
fair value (L) 117000 + fair value (B)63000= 180000
L: 117000/180000=0.65
0.65 x 160,000 = 104000
B: 63000/180000=0.35
0.35 x 160,000 = 56000
2.
(d) equipment 41818.1 (PV, 10%, I=1)
(d) discount 4181.86
(c) note payable 46000
3.
(d) truck 3,100
(c) revenue - donated asset 3,100
4.
(d) organization cost expense 6000
(c) cash 6000
5.
(d) equipment 21800
(c) cash 21800
6.
(d) equipment 6100
(c) common stock 6100
7.
(d) land 26000
(c) cash 5000
(c) notes payable 21000
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What should be the role of government in relation to business and industry?.
The role of government in relation to business and industry is that the government attempts to shape business practices through both, directly and indirectly, implementing rules and regulations.
The government most often directly influences organizations by establishing regulations, laws, and rules that dictate what organizations can and cannot do. The government also plays an important role in a business that includes protecting the consumer or customer. Most businesses need to register with a state government to operate. Corporations need a charter and other forms of businesses, such as limited liability companies or partnerships, need other forms of registration. Government policy can influence interest rates, a rise in which increased the borrowing cost.
The government can be a friend of business, providing it with financial, advisory, and other services.
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Which trade organization is responsible for 90% of the world?.
Answer:
WTO world trade organisation
Explanation:
which of the following is not a part of feasibility analysis? (hint: use your textbook) question 2 options: business model financial market technical
The correct reply is aid feasibility as resource feasibility is NOT a feasibility evaluation criterion.
What are the four thing of feasibility study?There are four important elements that go into a feasibility study: technical feasibility, economic feasibility, market feasibility (or market fit), and operational feasibility.
What is a feasibility analysis example?For example, an automobile prototype is a device for the feasibility study, an test on rats to develop a new medication is a system of feasibility analysis, checking the configuration and points before purchasing a laptop computer resembles feasibility tests.
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https://brainly.com/question/26712154#SPJ4suppose that roses are produced in a perfectly competitive, increasing-cost industry in long-run equilibrium with identical firms. (a) draw correctly labeled side-by-side graphs for the rose industry and a typical firm and show each of the following.
When there are no changes in the number of firms in the market and when all firms are making zero economic profits, a perfectly competitive market reaches long-run equilibrium.
Because there are numerous buyers and sellers in perfectly competitive markets, each company is so small relative to the industry that its production choices have no effect on the market price. In long-term equilibrium, a perfectly competitive firm generates the output level that reduces the average total cost.
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related party transactions often include loans to officers and directors. auditors are most concerned with related to these transactions
Related party transactions often include loans to officers and directors. auditors are most concerned with related to these transactions is to obtain sufficient appropriate audit evidence to determine whether related parties and relationships and transactions with related parties have been properly identified, accounted for, and disclosed in the financial statements.
Evidence is referred as the available body of facts or information indicating whether a belief or proposition is true or valid.
In related party transactions an arrangement is made between two parties that have a preexisting business relationship.
Therefore, the objective of the auditor is to obtain sufficient proper audit evidence to determine whether related parties and relationships and transactions with related parties have been properly identified, accounted for, and disclosed in the financial statements.
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Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory supplies $100,000 ndirect labor 152,000 68,000 296,000 Patent royalties on secret process Total variable overhead $616,000 Fixed costs: Supervisory salaries 60,000 Depreciation on factory equipment 44,000 Factory taxes 48,000 Factory insurance 32,000 80,000 Utilities (base charge) 464,000 Total fixed overhead $1,080,000 Total manufacturing overhead The polishing department was operated for 4,600 hours during April and incurred the following manufacturing overhead costs Factory supplies $97,520 136,160 Indirect labor utilities (usage factor) 82,800 Utilities (base factor) 96,000 Patent royalties 280,416 168,000 Supervisory salaries Depreciation on factory equipment 44,000 Factory taxes 56,000 32,000 Factory insurance $1,092,896 Total manufacturing overhead incurred
Total manufacturing overhead incurred
Budget 4,600 Hours:
Factory Supplies = $100,000 × 4,600/5,000 = $92,000
Indirect labor = $152,000 × 4,600/5,000 = $139,840
Utilities = $68,000 × 4,600/5,000 = $62,560
Patent royalties = $296,000 × 4,600/5,000 = $272,320
manufacturing is the introduction or production of products with the assist of system, hard work, machines, tools, and chemical or organic processing or formula. it's miles the essence of secondary zone of the financial system.[1] The time period may additionally talk to a variety of human interest, from handicraft to excessive-tech, however it is maximum usually carried out to commercial layout, in which raw substances from the number one quarter are transformed into finished items on a massive scale.
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the pet store experienced the following events for the year 1 accounting period: acquired $50,000 cash from the issue of common stock. purchased $71,000 of inventory on account. received goods purchased in event 2 fob shipping point; freight cost of $1,280 paid in cash. sold inventory on account that cost $32,500 for $60,000. freight cost on the goods sold in event 4 was $1,140. the goods were shipped fob destination. cash was paid for the freight cost. customer in event 4 returned $5,700 worth of goods that had a cost of $2,900. collected $49,200 cash from accounts receivable. paid $53,700 cash on accounts payable. paid $3,470 cash for advertising expense. paid $3,840 cash for insurance expense. required which of these events affect period (selling and administrative) costs? which result in product costs? record the above events in a horizontal statement model. in the cash flow column, use oa to designate operating activity, ia for investment activity, fa for financing activity, or nc for net change in cash. if the element is not affected by the event, leave the cell blank. the first event is recorded as an example.
Freight cost on the good sold in event for was $1140. The goods were shipped FOB destination. Cash was paid for the freight cost.
TRUE/FALSE a budget surplus is the: multiple choice amount of net revenue a government brings in beyond what it spends.
The statement is True. A budget Surplus is a cash that is required to acquire planned expenses. The state presently includes a $3 million budget surplus.
A government budget surplus is associated more than government revenues over government payment throughout a given amount of your time. A budget surplus could be an amount once financial gain or receipts exceed outlays or expenditures. A budget surplus usually refers to the money states of governments; people like better to use the term 'savings' rather than the term 'budget surplus. ' A surplus is a sign that the govt is being effectively managed.
A budget surplus arises as a result of the government's revenues exceeding its expenditures. it's possible to happen if: Government revenues increased quite budgeted expenditures. Government revenues square measure unchanged compared to before, however, the govt is paying less.
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