a seller finances a $500,000 sale with 20% down and the balance carried at 6% interest amortized over 20 years, payable monthly all due and payable in five years. if the market interest rate is 7% for the same terms, what is the cash-equivalent sale price?
Answers
The cash-equivalent sale price is $452,966.40. A cash-equivalent sale price is the value in which a property is sold if paid for in cash. In other words, it is the price at which the seller would sell a property if the buyer were to pay the entire sum in cash at closing.
There are several steps to determine the cash-equivalent sale price, but the formula that can be used is as follows:
Cash Equivalent Sale Price = Selling Price x (1 - Down Payment / Selling Price) x (1 + Market Interest Rate / Number of Payments per Year)^(Number of Payments per Year x Remaining Years)
In the problem given, the selling price is $500,000, the down payment is 20%, which means the amount financed is $400,000. The interest rate carried is 6% amortized over 20 years payable monthly and all due and payable in five years. The market interest rate is 7% for the same terms. We need to determine the cash-equivalent sale price.
Selling Price = $500,000
Amount Financed = Selling Price - Down Payment
= $500,000 - 20% x $500,000
= $400,000
Number of Payments per Year = 12
Remaining Years = 5 x 12 = 60
Firstly, we will calculate the monthly payment using the formula for the loan amortization.
M = P * (r(1 + r)^n / (1 + r)^n - 1)
Where, M = Monthly Payment
P = Loan Amount
r = Interest rate / number of payments per year
n = Number of payments or remaining months
M = $2,632.39
Now, let's use the formula to calculate the cash-equivalent sale price.
Cash Equivalent Sale Price = Selling Price x (1 - Down Payment / Selling Price) x (1 + Market Interest Rate / Number of Payments per Year)^(Number of Payments per Year x Remaining Years)
Cash Equivalent Sale Price = $500,000 x (1 - 20% / $500,000) x (1 + 7% / 12)^(12 x 5)
Cash Equivalent Sale Price = $400,000 x 0.76 x 1.4944
Cash Equivalent Sale Price = $452,966.40
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Related Questions
1. Goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception
Answers
Answer:
The answer is below
Explanation:
The goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception are the following:
1. No Poverty: as a result of poverty in some rural areas which is affecting children's development in UAE, the government has made it official to eradicate poverty in those areas.
2. Education for All: this is to ensure that children of age 6 to 18 or Grade 12, all have access to quality education, so as to boost literacy level in UAE
3. Social Support: this is to ensure those with the lowest income are able to cater to their children and afford a decent life.
What medical expenses can you claim on taxes?
Answers
Expenses for medical care also include expenditures for procedures affecting the structure or operation of any part of the body, as well as payments for the diagnosis, mitigation, treatment, or prevention of disease.
Medical Expenses:
You may deduct from your income any unreimbursed expenses for qualified medical care that you incur, such as those for preventive care, treatment, surgeries, dental and vision care, visits to psychologists and psychiatrists, prescription medications, appliances like glasses, contacts, false teeth, and hearing aids, and travel expenses.
When filing a claim for medical expenses, you must maintain all original receipts for six years. When you file a claim, you are not required to present certain receipts, including Med 2 papers.
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whose goal is to raise revenues and market share by optimizing their products and services for local markets?
Answers
A successful localized product and services strategy aims to maximize market share and revenue by tailoring products and services to meet the needs of specific local markets.
This includes customizing product features, pricing, marketing messages, and customer service to meet the expectations of the local market. Companies can also use local customer data to create customer segmentation models and target their offerings to the right audience.
Localizing products and services helps increase customer loyalty and supports customer retention, resulting in increased revenue and market share.
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When sierra thinks about Chick-fil-A, she Emily thinks about the high-quality chicken that she last ate there, served hot and fresh by fast and friendly employees. Next, she recalls the clever cows that she is used to seeing on local billboards and in stores or promote the brand. The _____________ of the Chick-fil-A brand is firmly established in her mind, based on how the brand communicates with her and ultimately provides a positive experience.
a) Targeting
b) Segmentation
c) Equity
d) Positioning
e) Loyalty
Answers
Answer:
Positioning
Explanation:
Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1 per frame levied on picture frames will decrease the effective price received by sellers of picture frames by
Answers
Answer:
The decrease in the effective price received by sellers is between $0.51 and $1.
Explanation:
Given the demand for picture = Inelastic
The supply of picture frames = highly elastic
Levied tax on picutre frames = $1
It is given that the demand for the frames is highly inelastic therefore the response of the buyer will be less. That means the proportionate change in demand will be lower than the proportionate change in the price of a commodity. Thus, the answer will be between $0.50 and $1.
When you purchase shares of a company in the market, who are you buying those shares from?
Answers
Answer:
Normally, you are buying those shares from someone who already owns them. You are not buying them directly from the company itself, but instead someone who owns shares from the company, called a shareholder or stockholder.
Explanation:
I hope this helps! :)
In the acronym SMART, what does the “M” stand for?
Material
Mental
Maintainable
Measurable
Answers
Answer:
measurable
Explanation:
defining a hypothesis
Sun Do sells key chains with leather fobs for $12 and $9. The key chains are very similar and have identical manufacturing costs. The difference is that the stitching on the leather fob is in a less precise pattern on the $9 key chain than it is on the $12 key chains. What approach to price discrimination is Sun Do using
Answers
Answer:
offering imperfect goods as part of the hurdle method
Explanation:
Alto Clinic plans to purchase a new centrifuge machine for its Massachusetts facility. The machine costs $174,000 and is expected to have a useful life of 9 years, with a terminal disposal value of $20,500. Savings in cash operating costs are expected to be $35,000 per year. However, additional working capital is needed to keep the machine running efficiently. The working capital must continually be replaced, so an investment of $14,000 needs to be maintained at all times, but this investment is fully recoverable (will be "cashed in") at the end of the useful life. Alto Clinic's required rate of return is 10%. Ignore income taxes in your analysis. Assume all cash flows occur at year-end except for initial investment amounts. Alto Clinic uses straight-line depreciation for its machines. Requirement :1. Calculate net present value. 2. Calculate internal rate of return. 3. Calculate accrual accounting rate of return based on net initial investment. 4. Calculate accrual accounting rate of return based on average investment. 5. You have the authority to make the purchase decision. Why might you be reluctant to base your decision on the DCF methods?
Answers
Answer:
1. The net present value (NPV) of the project is $60,350.
To calculate the NPV of the project, we need to calculate the present value (PV) of the annual savings in cash operating costs, the terminal disposal value, and the initial investment. The formula for NPV is:
NPV = PV of cash inflows - PV of cash outflows
Using a discount rate of 10%, the PV of the annual savings in cash operating costs is $215,620, and the PV of the terminal disposal value is $8,546. The PV of the initial investment is -$174,000 (a negative value because it is a cash outflow). Therefore, the NPV of the project is $60,350.
2. The internal rate of return (IRR) of the project is 14.25%.
The IRR is the discount rate that makes the NPV of the project equal to zero. In this case, the IRR is 14.25%.
3. The accrual accounting rate of return (AARR) based on net initial investment is 25.35%.
The AARR based on net initial investment is calculated as follows:
AARR = Annual Average Income / Net Initial Investment
Annual Average Income = Annual Savings in Cash Operating Costs - Depreciation Expense
Annual Average Income = $35,000 - (($174,000 - $20,500) / 9) = $8,833
Net Initial Investment = Initial Investment - Working Capital
Net Initial Investment = -$174,000 + $14,000 = -$160,000
Therefore, the AARR based on net initial investment is 25.35%.
4. The AARR based on average investment is 17.53%.
The AARR based on average investment is calculated as follows:
AARR = Annual Average Income / Average Investment
Annual Average Income = $8,833 (as calculated in step 3)
Average Investment = (Initial Investment + Terminal Disposal Value) / 2
Average Investment = ($174,000 + $20,500) / 2 = $97,250
Therefore, the AARR based on average investment is 17.53%.
5. One reason why a decision-maker might be reluctant to base their decision solely on DCF methods like NPV and IRR is that these methods rely heavily on assumptions about future cash flows and discount rates. If these assumptions are inaccurate or change over time, the results of the analysis can be misleading or irrelevant. Additionally, DCF methods do not account for non-financial factors that may be important to the decision-maker, such as strategic fit, market share, or corporate social responsibility. Therefore, a decision-maker may want to consider both quantitative and qualitative factors when making a purchase decision.
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Which of the following is true of resources and wants?
Both are unlimited.
Both are limited.
Resources are limited and wants are unlimited.
Resources are unlimited and wants are limited.
Answers
Answer:
the third one.............
Of all the given statements, the statement that is true in the context of resources and wants is “Resources are limited and wants are unlimited.” Hence, Option C is correct.
What are the resources?
A resource is a physical good that people appreciate and need, including air, water, and land. A resource can be classified as renewable or nonrenewable based on whether it can replace itself at the rate it is used up or whether it has a finite supply.
Natural resources, human resources, environmental resources, and many more are examples of various types of resources. In essence, wants are things that members of society aspire to possess. However, the term "resources" refers to the earth's natural resources that can be used by humans.
Thus, if there are lack of the necessary resources, one cannot satisfy wants. Option C is correct.
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Joji is a 37-year-old married business owner. He runs a dry cleaning service with three locations in Toledo, Ohio. His personal obligations are the home that he owns with his wife, who works for a large financial consulting firm; the healthcare of his family; and his commitment toward saving for his three children's college educations. Joji knows that two of his locations require a large infusion of cash to pay for new and expensive dry cleaning equipment. Although his wife's job provides the family with health insurance, it also places the family in a higher income tax bracket. Joji would certainly like to minimize his taxes. Which of the following forms of business ownership would you suggest for him?A. Joji should consider a limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.
B. Joji should consider a sole proprietorship due to the fact that it pays its own taxes and it has limited liability.
C. Joji should consider a corporation because he can avoid the negative aspect of limited liability. Corporations are always taxed at a lower rate than individuals.
D. Joji should consider a sole proprietorship due to the fact that it has unlimited liability and it will protect the family's personal assets.
Answers
Answer:
a
Explanation:
For the situation given above where Joji wants to save his taxes, it would be advisable for him to consider incorporation of a limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship. Therefore, the option A holds true.
What is the significance of a limited liability company?A limited liability company can be referred to or considered as a company where the members who hold ownership share in the company have an advantage of protecting their personal liabilities in case of insolvency of the firm.
The members of the limited liability company are joint owners, and also hold the liability for the profits and losses of the firm in the regular functioning. Taxation for members is done in the capacity of a sole proprietor, if there is a single member in the company.
Therefore, the option A holds true and states regarding the significance of a limited liability company.
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buying insurance is a risk management strategy. describe what kinds of risk are managed (what is the trade-off?), what risk attitude is being managed, and the role of the utility function in determining the price of insurance.
Answers
Buying insurance is a risk management strategy.
The kinds of risk that are managed in buying insurance include financial risk, legal risk, and medical risk.
The trade-off is that people who buy insurance pay a premium to an insurance company, which means they pay more than they would if they didn't buy insurance. In exchange, the insurance company takes on the risk of any losses that might occur. This means that people who buy insurance are transferring some of their risk to the insurance company.
Risk attitude is being managed when people buy insurance. People who buy insurance are typically risk-averse, which means they would rather pay a premium to avoid the risk of a large loss. The insurance company, on the other hand, is typically risk-neutral, which means it is willing to accept the risk of a large loss in exchange for a premium that covers the cost of any losses that might occur.
The role of the utility function in determining the price of insurance is to help insurance companies calculate the expected value of a loss. The utility function is a measure of how much an individual values a particular outcome. In the case of insurance, the utility function is used to determine the value of the premium that people are willing to pay in exchange for the risk of a large loss. The higher the premium, the greater the expected value of the loss, and the more the insurance company will charge for the insurance policy.
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the allocation of a plant asset's cost to expense over its useful life is called ________.
Answers
Answer:
Depreciation
Explanation:
Depreciation is the process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner.
Which of the following is the best description of
greenwashing?
O A. Committing to using only sustainable sources for
raw materials used in production
O B. Trying to eliminate as much pollution as possible by
relying on solar energy or other cleaner form of fuel
O C. Changing from traditional printing media to
environmentally friendly printing media
D. Changing practices superficially to appear more
environmentally friendly to consumers than they
truly are
Answers
Answer:
D. Changing practices superficially to appear more environmentally friendly to consumers than they truly are.
Explanation:
Greenwashing is the act of corporate companies in their attempts to convey a false impression to their customers that their products are environmentally friendly. Through this process, they provide misleading information.
Companies provide misleading information to their customers, in making the impression that their products are more environmentally friendly than other products. Thus, greenwashing can be described as changing the practices of the company/ brand superficially so that they appear more environmentally friendly than they really are to customers.
Answer:
D. baud
Explanation:
Almost every business encourages its sales team to improve _____sales by aggressively marketing those products with the highest _____ ____ ratios
Answers
Almost every business encourages its sales team to improve their sales by aggressively marketing those products with the highest profit margin ratios.
Almost every business encourages its sales team to improve their sales by aggressively marketing those products with the highest profit margin ratios. This means that businesses want their sales teams to focus on selling products that yield the most profit compared to their costs, resulting in greater overall profitability for the company.The company promotes their products by marketing to improve the sales.Marketing refers to any actions a company takes to attract an audience to the company's product or services through high-quality messaging. Marketing aims to deliver standalone value for prospects and consumers through content, with the long-term goal of demonstrating product value, strengthening brand loyalty, and ultimately increasing sales.The purpose of marketing is to research and analyze your consumers all the time, conduct focus groups, send out surveys, study online shopping habits, and ask one underlying question.
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Because you greatly dislike a commute that is longer than ten minutes you must find a job that is close to where you live. What is a short commute an example of?.
Answers
Answer:
a need
Explanation:
you need a shorter commute.
Number 2 please please help me
Answers
Answer: See explanation
Explanation:
a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc
b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.
c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:
• it helps in the provision of basic services like health care delivery, education, etc.
• it also helps in the development of several sector in the economy such as communication, and transportation.
• it contributes a huge part to the gross domestic product of a country.
d. The reason why some ministers may want to privatize some business include
• when the resources are not being efficiently utilized and there's wastage of resources.
• to improve competition
• it also brings about increase in effectiveness and efficiency.
e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.
If credit can be extended, then some
risk can be eliminated.
operational
compliance
strategic
financial
Answers
Answer:
financial
Explanation:
It talks about credit its financial.
You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the ______ _______ feature of the sales report dashboard.
Answers
You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the drilldown feature of the sales report dashboard.
What is drilldown ?By clicking on a measure in a dashboard or report, users can rapidly switch from an overview of data to a more specific and granular view within the same dataset they are examining thanks to the analytics feature known as drill down. It allows users to descend from one level of a specified data hierarchy to the next, allowing them to examine a particular piece of information in a report from a variety of perspectives.
By focusing on a particular region, a user may be able to better understand why one region outperformed another by using a tabular report on sales performance statistics by region.
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mtn dew is a major sponsor of nascar driver chase elliott and his chevrolet camaro zl1 team. chase elliott often wears a mtn dew hat, and his number 9 vehicle has a prominent mtn dew logo. mtn dew sponsorship of chase elliott is an example of media. a. measured b. polarized c. tribal d. unmeasured
Answers
Answer: A media
Explanation:
hi meaning of branches
Answers
Answer:
Meaning of branches:Noun: 1. A part of a tree which grows out of trunk or stem or from a bough.
2. A division or subdivision of a the stem or axis of a tree, shrub, or other plant.
3. A limb, offshoot or a ramification of any main stem.
4. The branches of a deer's antlers.
5. Any member or part of a body or system.
6. The various parts of learning can also be termed as Branches.
Verb: a) [Of a tree or trunk]; to bear or send out branches.
b) [of a path or road]; to divide into one or more subdivision.
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Do you think the ad will change women’s purchasing habits when it comes to shampoo? Explain.
Answers
Answer:
Depends on the product
Explanation:
Women love different scents, but they prefer ingredients that destroy the dryness from their hair, so if, let's say. a brand like TRESemme Shampoo and Conditioner starts putting heathier ingredients into it, and will put a box onto the bottle commonly on the back with words that read "TRESemme Keratin Smooth Shampoo contains natural keratin which strengthens hair and makes it unbelievably smooth.. It can even make your chemically-treated and damaged hair as smooth as before!" this can influence women's thought's to buy this product, so yes, yes an ad can influence a women's purchasing habits'.
Long story short: yesWhich tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.
A. setting up equipment
B. fixing problems with machinery
C. estimating a project’s cost
D. designing equipment
E. teaching people to use equipment
F. writing instructions for assembling equipment
G. purchasing manufacturing equipment
Answers
Answer:
Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.
setting up equipment
fixing problems with machinery
estimating a project’s cost
teaching people to use equipment
Explanation:
Tasks commonly are performed in Maintenance, Installation, and Repair jobs Setting up equipment fixing problems with machinery estimating a project’s cost teaching people to use equipment
What is the equipment?
Equipment is a real long-term asset that provides value to a company over many years of operation. Equipment examples include cars, trucks, and manufacturing machines. They differ from intangible assets (such patents, trademarks, or copyrights), which lack a physical form, in that they are tangible because they do.
Materials and Equipment refer to all types of products, including machinery, vehicles, consumables, parts, and components, as well as any spares or replacements; Samples 1, 2, and 3.
To produce high-quality, economical products, equipment must be carefully developed. Since it is eventually used as the means to implement all of the other enabling technologies, equipment design is necessarily the widest category of the six enabling technologies.
Therefore, option (A, B) is correct.
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This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)
1) Which of the following correctly describes globalization?(1 point)
A) Globalization is the increase in income inequality within developed countries.
B) Globalization is the process of decreasing per-unit costs with increasing production.
C) Globalization is the process of integration among individuals, businesses, and governments.
D) Globalization is the increase in the value of knowledge and information within an economy.
2) Which of the following is an example of economies of scale?(1 point)
A) A business increases its production of widgets, and the cost of producing each widget decreases.
B) A business increases its production of widgets, and the total cost of production decreases.
C) A business decreases its production of widgets, and the total cost of production decreases.
D) A business decreases its production of widgets, and the cost of producing each widget decreases.
3) Which of the following explains why many small businesses struggle to compete with larger firms?(1 point)
A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.
B) Small businesses are unable to specialize to the degree that larger firms are able to.
C) Small businesses are unable to provide the kinds of products that consumers want.
D) Small businesses are unable to sell their goods at the higher prices set by larger firms.
4) Which of the following is true of a market economy?(1 point)
A) There are no forms of government control or intervention.
B) It inhibits the influence of free trade and exchange on the free market.
C) There are no countries in the world currently transitioning to a market economy.
D) It opens the country's markets to international importing and exporting.
5) Which of the following is true of the economic transition process from a command economy to a market economy?(1 point)
A) The nation changes its fundamental economic organization and begins to minimize the amount of entirely new free market institutions.
B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.
C) Individuals and institutions rely more and more on the instruction of and distribution by other people and organizations.
D) The country's markets become less open to international importing and exporting.
Answers
Based on the trends of globalization, the following are true:
C) Globalization is the process of integration among individuals, businesses, and governments.A) A business increases its production of widgets, and the cost of producing each widget decreases.A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.A) There are no forms of government control or intervention.B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.What does globalization mean?Globalization refers to the tendency of the world to become increasingly integrated across borders.
This means that individuals, businesses and governments, begin to work together more often in order to increase production and market reach.
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Required: (a) Sournaliza mis event* Therer to the Chave ar Accolater for exact wording of account bust. - General Journ Calculate the accounts receivable balance on November 30. Accounts receivable balance
Answers
This calculation involves reviewing the General Journal and identifying all accounts receivable transactions that have occurred during the month. The resulting figure is the total amount of money owed by customers as of November 30.
The calculation of the accounts receivable balance on November 30 is required to be performed in order to record the accounts receivable of a company.
The accounts receivable balance of a company is the total amount of money owed by its customers for goods or services that have been provided but not yet paid for.
In order to calculate the accounts receivable balance on November 30, it is necessary to refer to the General Journal, which is a record of all the financial transactions that have been made by a company.
This includes transactions related to accounts receivable, such as sales invoices and receipts. The General Journal is an important record that is used to prepare financial statements and to calculate the accounts receivable balance.
The process of calculating the accounts receivable balance on November 30 involves several steps. First, it is necessary to identify all of the accounts receivable transactions that have occurred during the month.
This can be done by reviewing the General Journal and identifying all sales invoices and receipts that have been recorded.Next, it is necessary to calculate the total amount of money owed by customers as of November 30.
This can be done by subtracting the amount of payments received from the total amount of sales invoices issued. The resulting figure is the accounts receivable balance as of November 30.
In conclusion, the calculation of the accounts receivable balance on November 30 is an important step in recording the accounts receivable of a company.
This calculation involves reviewing the General Journal and identifying all accounts receivable transactions that have occurred during the month. The resulting figure is the total amount of money owed by customers as of November 30.
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You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan amount $279,000 Interest Rate 12% Life 64 years Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $)? $ 2. What are the total interest payments (round to the nearest $)? $ 3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? % 4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? % Redo the problem if the interest rate is 1% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)? $ 6. What are the total interest payments (round to the nearest $)? $ 7. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? % 8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? %
Answers
Answer:
it to long to read sorry what is it about now now
Explanation: ask someone else
Corrective taxes are unlike most other taxes because they:_________
Answers
Corrective taxes are unlike most other taxes because they are specifically designed to correct a negative externality, which is an unintended cost imposed on a third party as a result of an economic activity.
Unlike other taxes, which are primarily designed to raise revenue for the government, corrective taxes aim to discourage behavior that creates negative externalities, such as pollution, by making it more expensive to engage in that behavior.
The idea behind corrective taxes is to align the private cost of an activity with its social cost, which includes the cost imposed on third parties. For example, a tax on carbon emissions would increase the cost of using fossil fuels, such as gasoline and coal, which would incentivize individuals and firms to use cleaner, renewable energy sources instead.
This would not only reduce the negative externality of pollution but also encourage innovation in clean energy technologies. Therefore, corrective taxes are unlike most other taxes because they are designed to achieve a specific policy goal, rather than simply generating revenue for the government.
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Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answers
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.
Answers
False, the post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts all have zero balances after closing entries.
A post-closing trial balance is created after the closing entries are made and posted to the general ledger. This is the third (and final) trial balance prepared in the accounting cycle.
All of these types of balance sheets have basically the same purpose (i.e., to test the balance between debits and credits). These 3 types of balance sheets are prepared at different stages in the accounting cycle.
1. Unadjusted trial balance
Balance sheet prepared after journalizing transactions and posting them to the general ledger. The aim is to test the equality between debits and credits after the recording stage.
2. Adjusted trial balance
It is a report that is prepared after adjusting journal entries are made and posted. Its purpose is to test for equivalence between debits and credits after adjusting entries have been prepared. It also forms the basis for the preparation of financial statements.
The adjusted trial balance contains nominal and real accounts. Nominal accounts are accounts found on the income statement, and withdrawals. Real accounts are those found on the balance sheet.
3. post-closing trial balance
This report is prepared after the closing entries are made. Its purpose is to test for equivalence between debits and credits after closing entries are prepared and posted. The post-closing trial balance contains only real accounts as all nominal accounts have been closed at this stage.
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_____ are instances in which a customer connects with a service provider or some other aspect of an organization.
Answers
Contact points are instances in which the customer connects with a service provider or some other aspect of an organization.
Which technique makes reference to turning a losing unit profitable?A turnaround is a reorganisation process that makes the losing firm profitable. The industrial unit is returned to its former place, and performance is stabilised.
Which of the following kind of strategy is referred to as a "growth strategy"?These tactics are referred to as product development, market development, market penetration, and diversification. Market Penetration: This growth strategy is increasing the amount of goods or services a business sells to its present clientele.
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