a business may have a tax year that is shorter than a full 12 months during its
Answers
A business may have a tax year that is shorter than a full 12 months during its initial formation or when undergoing specific changes. In these situations, the company will report its income and expenses for the shortened period, which is referred to as a short tax year.
In the United States, for example, the default tax year for businesses is the calendar year, which runs from January 1 to December 31. However, businesses may choose a different fiscal year for tax purposes, which can be any 12-month period ending on the last day of any month except December. If a business starts operating or changes its accounting period during the year, it may have a short tax year that covers only the period it was in operation. The business will need to file a tax return for that short tax year and calculate its income, deductions, and credits based on the period of time it was in operation. There are a few reasons why a business might choose to have a fiscal year that is different from the calendar year. For example, a business may have a busy season that falls outside of the calendar year, or it may want to align its fiscal year with its industry's seasonal patterns. Additionally, some businesses may choose a fiscal year that ends when they typically have more cash on hand to pay taxes, or when they have a better understanding of their year-end financials.
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A business may have a tax year that is shorter than a full 12 months during its initial year of operation or if it changes its accounting period.
The tax year for a business is the 12-month period for which it calculates its taxable income and pays its income taxes. Most businesses use the calendar year as their tax year, which runs from January 1 to December 31. However, some businesses may use a fiscal year that corresponds with their natural business cycle, such as a school year for an educational institution or a crop year for a farming business.
If a business is just starting, it may not have a full 12 months of income to report and may choose to use a short tax year for its first year of operation. Similarly, if a business changes its accounting period for any reason, such as to align with its parent company or to improve its financial reporting, it may use a short tax year in the year of the change.
During a short tax year, the business still reports all of its income and expenses for the period in question, but it calculates its taxable income and income tax liability on a prorated basis. The proration is typically based on the number of months in the short tax year compared to a full 12-month year.
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Related Questions
2. Which form details earned wages, together with required and optional
deductions?
Answers
Answer:
no choices?sbsblksbklsjm
How are business plans used in health care? Check all that apply.
-identifying a consumer market
-establishing goals and objectives
-comparing prices of medical equipment
-calculating a company's cash flow
-figuring out the business's purpose
Answers
Answer:
identifying a consumer market
comparing prices of medical equipment
calculating a company's cash flow
Answer:
Establishing goals and objectives
Figuring out the business’s purpose
Explanation:
I got it correct ;)
what country is home to the world’s oldest continuously-operating business?
Answers
Answer:
Japan is the home to the worlds oldest operating Bush
During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
which of the following is not one of the characteristics of the disposable workforce that is described by miller (2015)? a. the workforce is made up of contingent workers. b. many in the workforce are forced into temporary work or self-employment due to corporate mergers. c. due to the rotation of new workers, fewer new ideas and new practices are generated. d. disposable workers feel less connection to their organization.
Answers
Option b: "many in the workforce are forced into temporary work or self-employment due to corporate mergers. " is not one of the characteristics of the disposable workforce described by Miller (2015).
According to Miller (2015), the disposable workforce is characterized by the following:
a. The workforce is made up of contingent workers.
c. Due to the rotation of new workers, fewer new ideas and new practices are generated.
d. Disposable workers feel less connection to their organization.
Option b states that many in the workforce are forced into temporary work or self-employment due to corporate mergers, which is not one of the characteristics mentioned by Miller. While it is possible for corporate mergers to lead to a higher number of temporary workers, it is not a defining characteristic of the disposable workforce.
Option b is answer.
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Theresa is buying a condo that costs $127,500. She has $8,300 in savings and earns $3,200 a month. Theresa would like to spend no more than 20% of her income on her mortgage payment. Which loan option would you recommend to Theresa? a. 30 year fixed, 6. 5% down at a fixed rate of 5% b. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% c. 30 year fixed, 5% down at a fixed rate of 6. 25% d. 30 year fixed, 10% down at a fixed rate of 5. 75%.
Answers
Answer:a)30 year fixed, 6.5% down at fixed rate of 5%
Explanation:
Based on the information given, the loan option that would you recommend to Theresa is A. 30 year fixed, 6. 5% down at a fixed rate of 5%.
A loan simply means a form of debt that's incurred by an economic entity.
It should be noted that when an individual takes a loan, it's expected to be paid back in a particular period of time.
Therefore, the loan that will be recommended to Theresa is a 30 year fixed, 6. 5% down at a fixed rate of 5%. The reason is that it's cheaper when compared to other loan options.
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Gloria has a coffee shop and has been in business for years. She has many
customers that are regulars, but she's looking to acquire more. So far, she has
signs around the neighborhood, a TV commercial, an ad in the newspaper,
and coupons sent to everyone in the area. Which form of advertising can she
utilize now that she hasn't already?
A. Radio
B. TV
C. Signage
D. Print
Answers
Answer:
a. radio
Explanation:
The form of advertising that Gloria can utilize now that she hasn't already is Radio.
Thus, Option A is correct.
What do you mean by advertising?Advertising is described as a strategy used to gain attention to a certain product or service among the general population. A viewership is exposed to a product, brand, or service through the use of an advertisement in order to grab their attention, promote interaction, and boost sales.
Through advertising, new products, services, and ideas are introduced to consumers. In this case, it makes a reference to the introduction of items and the search for mass consumers. Advertising is a sort of marketing communication that is used to market or sell a company's goods or services. Advertising's Latin root means "to draw people's attention toward."
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which of the following would typically be considered a secondary stakeholder group? a. community b. suppliers c. customers d. special-interest groups e. government regulatory agencies
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Government Regulatory Agencies would typically be considered a secondary stakeholder group. Option e. is correct.
Secondary stakeholders are typically external to the organization and are not directly involved in the day-to-day operations.
Examples of secondary stakeholders include government regulatory agencies, special-interest groups, communities, and suppliers.
Laws and regulations that businesses must abide by are created and enforced by government regulatory agencies.
In order to help organizations comply with their legal requirements, these groups can also offer them advice and support.
Organizations that are created to promote particular causes or interests are known as special-interest groups.
Communities are the people and organizations in a specific location that are impacted by an organization's activity.
Suppliers are businesses or organizations that offer products and services to other businesses.
The requirements and interests of each of these stakeholder groups can have a big impact on a company, therefore it's crucial for businesses to be aware of them.
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Short-term creditors are usually most interested in assessing profitability. liquidity. marketability.solvency
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Liquidity analysis is typically of greatest interest to short-term creditors. This is because they are concerned with the company's ability to meet its short-term financial obligations, such as paying bills and servicing debt.
They want to ensure that the company has enough cash and other liquid assets to cover these obligations as they come due. While profitability, marketability, and solvency are also important considerations, they are typically of greater concern to long-term creditors and investors who are more interested in the company's overall financial health and ability to generate returns over a longer period of time.
Therefore the Short-term creditors are usually most interested in assessing liquidity.
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How did speculation and margin buying cause stock prices to rise?
Answers
Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.
shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.
Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.
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a company charting its profits notices that the relationship between the number of units sold, x, and the profit, p, is linear. if 190 units sold results in $1140 profit and 240 units sold results in $3940 profit, write the profit function for this company.
Answers
Profit function: p(x) = 20x + 150, where x represents the number of units sold and p(x) represents the corresponding profit.
To find the profit function, we need to determine the relationship between the number of units sold (x) and the profit (p). Given that the relationship is linear, we can express it in the form of a linear equation: p(x) = mx + b, where m is the slope (representing the rate of change of profit with respect to units sold) and b is the y-intercept (representing the fixed profit when no units are sold). Using the given data, we can calculate the slope (m) as the change in profit divided by the change in units sold: m = (3940 - 1140) / (240 - 190) = 2800 / 50 = 56. Next, we substitute one set of values (x, p) from the given data into the equation to solve for the y-intercept (b). Let's use (190, 1140): 1140 = 56(190) + b 1140 = 10640 + b b = 1140 - 10640 b = -9500.
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This spreadsheet was created to track the money different employees earned in bonuses. The creator used
numbers and formulas to make the document efficient so that it could change as the bonus amounts changed.
What is most likely appears in the formula bar when B6 is selected?
A $total
B $112
C=MAX(B2:B5)
D =AVERAGE(B2:B5)
Answers
The formula that most likely appear in the formula bar of the spreadsheet when B6 is selected is =AVERAGE(B2:B5). Thus, the correct answer is option (D).
What is a spreadsheet?A spreadsheet is a computer programme for organizing, calculating, and storing data in tabular form. Spreadsheets were created as digital counterparts to traditional paper accounting spreadsheets.
The central tendency of a bunch of numbers in a statistical distribution—which is where the center is located—is measured by the AVERAGE function. The following are the top three central tendency measures:
Average: The arithmetic mean is determined by adding a collection of integers, dividing by their count, and then taking the result.The middle number in a set of numbers is called the median. The values of half the numbers are higher than the median while the values of the other half are lower than the median.The number that appears the most frequently among a set of numbers is the mode.Therefore, option D is correct.
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What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Most entrepreneurs have similar characteristics, true or false?
Answers
Answer:
true
Explanation:
I entreprent for my mom lol
Cost Of Goods Sold Budget Definition
The cost of goods sold budget is an important part of a company’s operating budget. The Factory Overhead Cost Budget, Direct Labor Cost Budget, and Direct Material Purchases Budget are the initial point for creating the Cost of Goods Sold Budget or we can say COGS budget breaks various components of a company’s cost of sales. The inventory left at the end of the year and the estimated beginning inventories are added to these data to find out the budgeted cost of the goods sold.
Answers
The cost of goods sold (GOGS) is the sum of all direct cost associated with making a product. It appears on an income statement and typically includes money spent on raw materials and labour.
What are COGS?One of the several formulas, such as specific identification, first-in-first-out (FIFO), or average cost, is used to correlate costs with specific commodities. The total cost of transporting the inventory to their current location and condition includes all acquisition prices, conversion charges, and other costs. Materials, labor, and allotted overhead are included in the costs of the commodities produced by the company. Until the inventory is sold or its value is written down, the costs of those things that have not yet been sold are postponed as expenses of inventory. Many companies market products that they have either created or purchased. The expenditures related to such products are capitalized as component of inventory (or stock) of goods when they are purchased or produced.
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What are the general benefits of making products available online through various retailers?
Answers
Making products available online through various retailers offers several benefits, including increased accessibility, wider exposure, and higher sales.
When products are made available online through various retailers, they can reach a larger and more diverse customer base. Online shopping makes it easier for people to access products from any location and at any time, which can increase sales.
Additionally, online retail platforms often have a large customer base and can provide a wider exposure for products, helping to increase brand recognition and sales.
Furthermore, the use of data analytics and other tools by retailers can provide valuable insights into consumer behavior, allowing companies to make informed decisions about their marketing and sales strategies.
Overall, making products available online through multiple retailers can help companies increase their sales and reach a larger and more diverse customer base.
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what was the total charge for her purchase?
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If the supply of cows decreases, what will happen to the quantity and price of meat? Question asked and answered by taking a few minutes to graph out the question. Graph this out on a piece of paper to get the proper answer. Please explain in detail how you arrived at your answer. ADDING a picture of your graph will aid the entire class.
Answers
When the supply of cows decreases, it would result in a decrease in the quantity of meat supplied, leading to an increase in the price of meat.
To analyze the impact of a decrease in the supply of cows on the quantity and price of meat, we need to consider the relationship between supply and demand in the meat market.
1. Demand for Meat:The demand for meat is influenced by factors such as consumer preferences, population size, income levels, and dietary habits. Let's assume that the demand for meat remains constant in this scenario.
2. Supply of Cows:A decrease in the supply of cows means that there are fewer cows available for meat production. This decrease could occur due to various reasons, such as a disease outbreak among cattle, a decline in the number of cattle farms, or natural disasters affecting livestock.
Now, let's analyze the potential impact on the meat market by considering the following supply and demand graph:
Price
|
S1 |
|
|
|
S0 |
|
|
|____________________
Quantity
In the initial situation, represented by supply curve S0, the market equilibrium occurs at the intersection of supply and demand, determining a price (P0) and quantity (Q0) of meat.
Now, with a decrease in the supply of cows, the supply curve shifts to the left, resulting in a new supply curve, S1, as shown in the graph.
Price
|
S1 |
|
S0 |
|
|
|____________________
Quantity
The new equilibrium point will be at the intersection of the demand curve and the new supply curve (S1). The price of meat will increase to a new level (P1), reflecting the scarcity of cows and higher production costs for meat processors. The quantity of meat available in the market will decrease from Q0 to a lower level (Q1) due to the limited supply of cows.
In summary, a decrease in the supply of cows will lead to a higher price and a lower quantity of meat in the market. The scarcity of cows will drive up the production costs, which will be passed on to consumers in the form of higher meat prices. Additionally, the reduced supply will limit the quantity of meat available, potentially leading to a decrease in consumer consumption.
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Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.
Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.
Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.
Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others.
Answers
The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.
Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.
What is politeness?Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.
Therefore, the correct answer is as given above
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which is a company's expense? question 9 options: accounts payable asset accounts receivable liability
Answers
A. accounts payable is a company's expense.
A business's operating costs are referred to as expenses. Wages, salary, maintenance, rent, and depreciation are all examples of expenses. To calculate profits, revenue is subtracted from expenses. To lessen the tax burden and increase profits, businesses are permitted to deduct some expenses from taxes.
Money owing by a corporation to its suppliers is reflected as a liability on the balance sheet and is known as accounts payable (AP). It differs from liabilities for notes payable, which are obligations made by formal legal instrument documents.
The primary duties of an accounts payable department include processing and reviewing supplier transactions, as well as making sure that any unpaid invoices from suppliers are authorized, processed, and paid.
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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.
Answers
Answer:
D
Explanation:
The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.
What is research?Research can be defined as "creative and methodical activity done to improve the body of knowledge."
It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.
Therefore, The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.
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Which of the common quality decision making techniques compares products to the competition?
Answers
Quality Function Deployment of the common quality decision making techniques compares products to the competition
The 1960s saw the widespread adoption of the Quality Function Deployment (QFD) paradigm in Japan for product development and manufacturing. By hearing what the consumer has to say, the model helps translate demands and expectations of the customer into technical requirements.
Quality Function Deployment (QFD) has a proven track record of prioritizing customer needs throughout the whole product development process for 50 years, despite what it might seem like to some testers today. Consistently focusing on customer needs, QFD makes sure they are taken into account at every stage of the product lifecycle, including design and numerous quality assurance checkpoints.
Beginning with gathering feedback from clients (or potential clients), usually through surveys, is the Quality Function Deployment process. These surveys should have a decently large sample size.
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Manufactured inventory that has begun the production process but is not yet completed is a. work in process b. raw materials merchandise inventory c. d. finished goods
Answers
Manufactured inventory that has begun the production process but is not yet completed is called "work in process" inventory.
This refers to inventory that is in the process of being transformed into finished goods but is not yet complete. Work in process inventory typically includes raw materials that have been partially processed, as well as partially completed products that are in various stages of production. This type of inventory is often used in manufacturing and other production-oriented industries, and it is an important measure of the efficiency of the production process. Work in process inventory is typically valued at the cost of the raw materials, labor, and overhead used to produce it, and it is classified as an asset on the company's balance sheet.
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The steady growth line best supports which conclusion about the economy
represented in the graph?
The Business Cycle
Production output
h w
Time
A The economy never experiences significant periods of contraction
.
B. The economy does not display consistent patterns in its business
cycles
C. The economy improves steadily over several business cycleding
D. The economy has pronounced troughs but no clear peaks.
Answers
Answer is the letter C
The steady growth line indicates that the economy improves steadily over several business cycles.
Business cycle refers to the period whereby there is growth and decline in the economy of a nation and this can be measured through the gross domestic product of such economy.The four stages in the business cycle are the expansion, the peak period, the contraction period and the trough period. In the expansion period, there a relatively rapid growth.Based on the graph given, the steady growth lines shows that there was a steady improvement in the economy improves over the business cycles.In conclusion, the correct option is C.
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In an attempt to analyze whatever economic system a country is subscribing, Economists study the interdependency of the system in the form of a tree and a forest or as a unit and as a whole. Discuss this relationship with respect to the two branches of economics.
Answers
Economics is divided into two branches namely microeconomics and macroeconomics. Both branches have a different perspective, but they are interrelated and interdependent. The interdependency of the economic system can be studied through analyzing a country’s economy as a tree or a forest or as a unit and as a whole.
Microeconomics is a branch of economics that studies the behavior of individuals, households, and firms concerning the allocation of resources and decision-making on pricing and consumption of goods and services. The focus of microeconomics is on the supply and demand of products in the market. It deals with the factors affecting the prices of goods and services and how they impact the behavior of producers and consumers.
On the other hand, macroeconomics is the branch of economics that studies the behavior of the economy as a whole. It examines the economy’s performance and stability concerning issues like inflation, unemployment, and gross domestic product (GDP). The focus of macroeconomics is on the overall economic activity and its impact on society.
The relationship between the two branches can be analyzed through a tree and forest perspective. Microeconomics is the tree, and macroeconomics is the forest. The tree is a representation of the individual parts of the economy, and the forest represents the entire economy. The tree cannot exist without the forest, and the forest cannot exist without the tree.
The interdependency of the two branches is critical as the performance of one branch can impact the other. For instance, if the demand for goods and services is high, producers will respond by increasing production, leading to increased employment rates and reduced unemployment rates, which will improve the overall economy.
In conclusion, the relationship between microeconomics and macroeconomics is critical. They both have an impact on the economy, and they cannot exist without each other. The tree and forest analogy can be used to understand the interdependency of the two branches.
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A major grocery store chain is trying to cut down on waste. Currently, they get peaches from two different distributors, wholefruits and greengrocer. Out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. She then makes a confidence interval. Is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg:(-0. 156, 0. 064).
Answers
A significant difference in the quality of the peaches between the two distributors is option D. Option D says that We are 95% confident that the proportion of non-sell-able items for Whole Fruits is anywhere between 0.064 and 0.156 HIGHER than the proportion of non-sell-able items for Greengrocer.
Grocery stores generally can be defined as focus on beverages, food and some household goods. They are typically local chains or also single-location stores and may be family-owned . In other words, "grocery store" or known as supermarket. They offer the ingredients of provide jobs, foster a sense of community and home cooked meals. By comparing a set of inherent characteristics with a set of requirements we are generally can determine the quality of something.
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David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his personal account into a business account for a company he named Harbert Enterprises. Mr. Harbert’s brother, George, invested cash in Harbert Enterprises for which he received a 25% ownership interest in the company. Harbert Enterprises borrowed cash from First Federal Bank. Harbert Enterprises paid cash to purchase a building from City Properties, Inc. How many reporting entities are mentioned in this scenario
Answers
Answer:
5
Explanation:
A reporting entity is any entity in men or organizations that depends on the financial report produced by an organization for an understanding of the financial performances and position for the purpose of decision making. This can be investors and other stakeholders in the business.
In the scenario given , the relative parties that will rely of the financial report are
David Herbert as the Entrepreneur , Herbert Enterprises which prepare the report ,George , Herbert's brother an investor , First federal bank , a loan provider and City properties.
PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answers
Answer:
Is health care federal state or local?
The U.S. Department of Health and Human Services is the federal government's principal agency involved with health care services. The states cofund and administer their CHIP and Medicaid programs according to federal regulations. (goo gle)
Explanation:
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