At the end of the month the amount in the cash account will be $22,000
What is the economy?It is defined as a science that studies the analysis of resources, such as natural, monetary, in order to create wealth, consumption of goods and services, to meet human needs.
To solve this problem from the economic field we must use the following equation:
Bf = Bi + R - CP
Bf = Ending Cash BalanceBi = Beginning Cash BalanceR = Cash receipts that occur during the periodPC = Cash payments that occur during the periodSubstituting the values we have:
Bf = 34,000 + 30,000 - 42,000
Bf = $22,000
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You are the coding supervisor and you notice a potential discrepancy in a productivity report from one of your coders. You remind all of the coders about the importance of accuracy with these reports. One of the coders thinks she may have accidentally combined 2 days into one of her daily productivity reports and she must decide if she should admit her potential mistake or just let it go because one day’s productivity reporting really doesn’t make a difference. This is an example of ______.
Answer:
laziness.
Explanation:
what is the most money you get in a job?
Answer:
it depends on the job but it is a Anesthesiologists
Answer:
I think being a rapper or being in the NBA OR NFL OR MLB
Explanation:
an organization that rates and classifies hotels and awards them diamonds is the
The organization that rates and classifies hotels and awards them diamonds is the American Automobile Association (AAA).
AAA's Diamond Rating system is widely recognized and used in the hospitality industry to assess the quality and amenities of hotels. The Diamond Ratings range from one to five diamonds, with higher numbers indicating higher levels of luxury, service, and amenities.
The ratings are based on a set of criteria that evaluate various aspects of a hotel, including its facilities, services, cleanliness, and guest experience.
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Advances in technology has increased the number of people needed to
A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military
Answer:
A. develop computer software
27. The pro forma income statement is important to the overall process of constructing pro forma statements because it allows us to determine a value for:
A. change in retained earnings.
B. gross profit.
C. interest expense.
D. prepaid expenses
The pro forma income statement is important to the overall process of constructing pro forma statements because it allows us to determine a value for Gross profit. Option B is correct.
The pro forma income statement is a financial statement that provides a projection of a company's future income and expenses based on historical financial data and assumptions about future performance. It includes estimates of revenue, cost of goods sold, gross profit, operating expenses, and net income.
Gross profit is an important value to determine in the pro forma income statement because it represents the amount of money a company earns after deducting the cost of goods sold. It is a key indicator of a company's profitability and can be used to assess its ability to generate profits from its core operations.
While changes in retained earnings, interest expense, and prepaid expenses are also important factors to consider in the construction of pro forma statements, they are not the primary value determined by the pro forma income statement.
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What does random access memory (RAM) store?
A. the basic input output system (BIOS) system that contains the instructions the computer needs to start up
B. media such as images and videos that a user does not currently need access to
C. the hardware that makes the computer run such as the central processing unit (CPU), motherboard, and cords
D. commonly used instructions such as the operating system or in-use programs
The processes stored by the Random Access Memory ( RAM ) is D. commonly used instructions such as the operating system or in-use programs.
What is the use of the Random Access Memory?The Random Access Memory ( RAM ) is a hardware component in the computer that is used to temporarily store the processes that the computer is currently running on. What this means is that the various things that you see on your computer screen such as the operating system, the movies and videos, the music, the antivirus, and even the calculator, are all stored on the Random Access Memory ( RAM ).
This means that the Random Access Memory ( RAM ) is very important in the functioning of a computer because without it, it would be difficult to run the programs being used. This is why when the Random Access Memory ( RAM ) is close to being filled up from too much usage, the computer slows down.
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Market competition is described as a:
A. Full contact sport
B. None of these
C. Survival of the fittest
D. No holds barred
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
which of the following statements is true with regard to the departmental overhead rate method? multiple choice it uses a different overhead rate for each department. it is the same as activity-based costing. each department has the same rate for the same activity pool. it is especially accurate in assigning overhead costs that are not driven by production volume. it requires one overhead cost pool and one rate.
The claim that the departmental overhead rate approach employs a different overhead rate for each department is accurate.
Departmental overhead rates give the opportunity to apply a unique activity or cost driver for each department. It happens frequently that certain departments need a lot of physical work while others need more machinery. While machine hours could be more practical for some areas, direct labor hours might be significant for others.
At the beginning of the accounting period, a predefined overhead rate is determined by dividing the projected manufacturing overhead by the estimated activity base.
The costs associated with stage overhead are first calculated separately for each production department. The second stage involves choosing an allocation base for each department, such as machine hours or direct labor hours. The next step is to calculate an overhead rate for each manufacturing department.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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Colin was a manager for EST Corporation, and the company wanted to expand into a new region. Colin analyzed data to determine how much money the company could make from the expansion within two years. Which responsibility of financial management below did Colin demonstrate?
The responsibility of financial management demonstrated by Colin in this scenario is "Financial Planning and Analysis."
Financial planning and analysis involve analyzing financial data, projecting future financial outcomes, and making strategic decisions based on that analysis. Colin's task of analyzing data to determine the potential profitability of the company's expansion into a new region aligns with this responsibility.
By conducting a thorough analysis, Colin is assessing the financial feasibility and potential returns of the expansion, which is crucial for effective financial planning and decision-making. This responsibility helps the company make informed choices and allocate resources effectively to achieve its financial goals.
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9.21 The ABC Corporation placed an asset in service three years ago. The company uses the MACRS method (seven-year life) for tax purposes and the straight-line method (seven-year useful life) for fina
The difference in the current book value obtained using both methods is $27,143.
The cost of the asset is $100,000 and the salvage value used for depreciating purposes is $20,000. The useful life of the asset is 7 years, therefore the annual depreciation is $100,000 - $20,000 / 7 = $12,857.14.
Depreciation for the first three years (using straight-line method) = 3 x $12,857.14 = $38,571.42.
Book value = Cost - Accumulated depreciation
Book value using straight-line method = $100,000 - $38,571.42 = $61,428.58
Depreciation for the first three years (using MACRS) = (0.1429 + 0.2449 + 0.1749) x $80,000 = $34,285.71.
Book value using MACRS method = $100,000 - $34,285.71 = $65,714.29
The difference in the current book value obtained using both methods = $65,714.29 - $61,428.58 = $4,285.71.
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Complete question is:
The ABC Corporation placed an asset in service three years ago. The company uses the MACRS method (seven-year life) for tax purposes and the straight-line method (seven-year useful life) for financial reporting purposes. The cost of the asset is $100,000, and the salvage value used for depreciating purposes is $20,000. What is the difference in the current book value obtained using both methods?
list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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A negative aspect of selecting unit volume as a pricing objective is that production often cannot keep up with demand. there are increased carrying costs with extensive inventories. it always positively correlates with a sales revenue objective. if price reductions are used to achieve volume objectives, it can sometimes come at the expense of profits. it can create competition between divisions within the organization itself, causing conflicts over the allocation of resources.
A negative aspect of selecting unit volume as a pricing objective is that it can sometimes lead to production constraints, increased carrying costs, potential conflicts within the organization, and a trade-off between volume and profitability.
While selecting unit volume as a pricing objective may have its advantages, it also comes with several drawbacks. One negative aspect is that production often struggles to keep up with demand when volume becomes the primary focus. This can lead to supply shortages, customer dissatisfaction, and missed sales opportunities. Additionally, extensive inventories required to meet high volume demands result in increased carrying costs, tying up capital and potentially affecting profitability.
In conclusion, while unit volume as a pricing objective has its merits, it also poses challenges. It can strain production capabilities, increase carrying costs, impact profitability, and create internal conflicts within the organization. Businesses must carefully consider the trade-offs and potential negative consequences when selecting unit volume as their pricing objective.
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Production ReportTomar Company produces vitamin energy drinks. The Mixing Department, the first process department, mixes the ingredients required for the drinks. The following data are for April: Work in process, April 1 —Quarts started 90000Quarts transferred out 75000Quarts in EWIP 15000Direct materials cost 84000Direct labor cost 168000Overhead applied 336000Direct materials are added throughout the process. Ending inventory is 60 percent complete with respect to direct labor and overhead. Required: Prepare a production report for the Mixing Department for April. If an answer is zero, enter "0". Tomar Company Mixing Department Production Report for April Unit Information Units to account for: Units in beginning work in process Units started Total units to account for Physical Flow Equivalent Units
Units accounted for: Units completed Units in ending work in process Total units accounted for Work completed Cost Information Costs to account for: $
Total costs to account for $
Cost per equivalent unit $
Costs accounted for: $
Total costs accounted for $
The production report for the Mixing Department in April shows that the department started 90,000 quarts, transferred out 75,000 quarts, and had 15,000 quarts in ending work in process.
The total cost of production was $588,000, and the cost per equivalent unit was $7 per quart.
To prepare the production report, we need to gather information on the units in the beginning work in process, units started, and units transferred out during the period. The total units to account for will be the sum of the units in the beginning work in process and the units started. In this case, the units to account for will be
=> 105,000 quarts (90,000 + 15,000).
In this case, the units completed will be 75,000 quarts, which were transferred out of the Mixing Department. The ending work in process is 60% complete with respect to direct labor and overhead, which means that the equivalent units for ending work in process will be
=> 9,000 quarts (15,000 x 0.6).
The total units accounted for will be the sum of the units completed and the ending work in process equivalent units, which will be
=> 84,000 quarts (75,000 + 9,000).
Moving to the cost information, we need to calculate the cost per equivalent unit. To do this, we add up the direct materials cost, direct labor cost, and overhead applied, which is $588,000 ($84,000 + $168,000 + $336,000). We then divide the total cost by the equivalent units, which will be
=> $7 per quart ($588,000/84,000).
Using the cost per equivalent unit, we can calculate the total costs accounted for. The cost of completed units will be 75,000 quarts multiplied by $7 per quart, which will be $525,000. The cost of ending work in process will be 9,000 quarts multiplied by $7 per quart, which will be $63,000.
The total costs accounted for will be
=> $588,000 ($525,000 + $63,000).
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10. Which of the following statement is/are true? A. Under basic marketing the sales person simply sells the product B. Under reactive marketing the sales person in addition encourage the buyer to call C. Under partnership marketing the company continuously works with customers to perform better D. All except C E. All of the above
Answer:
D. All except C
Explanation:
Who owns the TD bank? Is it the government?
you expect to receive $10,000 at graduation in two years. you plan on investing it at 11 percent until you have $60,000. how long will you wait from now?
you will have to wait 45.45 years to get the total of 60,000 $ money.
What is simple interest?Simple interest is the amount of interest charged on a specific principal amount at a specific interest rate. Compound interest, on the other hand, is the interest that is computed using both the principal and the interest that has accumulated over the preceding period.
given, you expect to receive $10,000 at graduation in two years. you plan on investing it at 11 percent until you have $60,000.
from the general formula of Simple interest:
Simple interest(SI) = p*r*t/100
where, p = principal amount
r = rate of interest
t = time
in our case
p = 10,000, r = 11%, A = 60,000
Thus,
A = p (1 + rt/100)
60,000 = 10,000(1 + 11*t/100)
6 = 1 + 11*t/100
11 * t = 500
t = 500/11
t = 45.45
therefore, you will have to wait 45.45 years to get a total of 60,000 $ money.
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statistical methods of forecasting are not good at considering special events in the data. true false
It is a true statement that a statistical methods of forecasting are not good at considering special events in the data as it tends to forecast based on series of event together.
What is a statistical methods of forecasting?Basically, a statistical forecasting involves the use of statistics based on historical data to project what could happen out in the future. This method can be used on any quantitative data such as a Stock Market results, sales, GDP, Housing sales etc.
The main advantage of a statistical methods of forecasting is that, when it is used under the right conditions, they can provide predictions that are much more precise than judgmental methods.
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in a contractual vertical marketing system, the channel captain has influence over other channel members due to
In a contractual vertical marketing system, the channel captain often has influence over other channel members due to a legitimate right to direct them.
A contractual vertical marketing system is a marketing system which involves businesses with vertical levels of distribution on a contractual basis. They work together to increase their sales and make profits. They show cooperation between the distribution channels.
In a vertical marketing system, the manufacturers, the wholesalers, and the retailers - all participate together. They all are involved in the production and distribution process. It tries to cut down the competition in the market that arises between various companies to have more efficient products.
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T/F the demand curve for prestige products generally slopes downward due to higher prices.
True. The demand curve for prestige products generally slopes downward due to higher prices. In general, the demand curve for prestige products does slope downward due to higher prices. Prestige products are typically associated with luxury, exclusivity, and high social status.
The higher prices attached to these products contribute to their perception as luxurious and exclusive, and this, in turn, affects the demand for such products. As the price of a prestige product increases, the quantity demanded tends to decrease. This is because higher prices create a barrier to entry for many consumers, limiting their ability or willingness to purchase the product. The exclusivity and status associated with prestige products often rely on their relatively high price points, as lower prices may diminish their perceived value and desirability.
However, it is important to note that the demand for prestige products is influenced by various factors, including consumer preferences, income levels, brand reputation, and marketing strategies. While higher prices generally lead to a decrease in demand, the demand curve for prestige products can be influenced by other factors that may counterbalance the negative price effect, such as the desire for luxury and social status.
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can pottery be a job?? what would i major in for that…
Answer:
Yes, pottery can be a job. You would need a degree in ceramics to get a lasting job in pottery
Explanation:
Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
Internet, or a magazine. You should then use the attached organizer to record information from your article.
2. Using the information from your organizer, write a summary of your current event article.
The summary should include:
• the article headline
• the name of the source of the article
• who the article is about
• what the article is about
• where the events take place and when the events take place
• 2-3 important events or information that help the audience understand what
your article is about
• an explanation of why you chose the article – please do not say you selected it
because it was interesting. Instead address why the information is important,
how you feel about it, what action you think should be taken, or what you
would do to solve the problem. **This is very important and should be at
least 3-4 sentences.
3. Neatly complete the Current Events Report form. You may type your final report if
you prefer.
4. Staple your Current Events Report form and article together to be turned in.
5. Be prepared to read your summary to the class and to answer any relevant questions.
PART 1:
Current Events Organizer
(This does not need to be turned in. This is for planning purposes only)
A good newspaper article always includes the 5 W’s. When writing your summary,
be sure to include the following:
• Article Headline: ________________________________________________________
• Name of your source; newspaper, website, magazine (underlined):
___________________________________________________________________________
• What is the article about?:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
• Where does it take place?: ________________________________________________
• When does it take place?: _________________________________________________
• Other important details:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
• Why did you choose this article? (Do not say, “Because it was interesting.”
Instead, address why the information is important, how you feel about it, what
action you think should be taken, or what you would do to solve the problem.)
**This is very important and should be at least 3-4 sentences.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
TURN IN PART 2:
Name ______________________________ Date _________________________
Current Events Report
Article Title: _______________________________________________________________
Source: ____________________________________________________________________
Article Date: __________________________________
News Type: World United States Local Sports
Weather/Technology/Economy/Politics
Summary:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Answer:
Everyone has seen organizations and agencies make a case for their cause on the television, newspaper and radio. We have all heard stories about how a media consultant has helped improve a political candidate's image by cleverly manipulating the press. There are many ways you can use the media to the benefit of your cause. This section introduces you to working with the media.
WHAT ARE THE MEDIA AND MEDIA ADVOCACY?
Media, which is the plural form of 'medium', are the forms of communication – television and radio; newspapers, magazines, and written materials (or "print media"), and, more often now, the Internet – used to spread or transmit information from a source (which can be a person, an organization, a business, an institution, a government agency, a policy maker, or another media outlet) to the general public.
Advocacy means openly supporting a certain viewpoint or group of people. If you are an advocate for a specific cause, you work to persuade local, state, or federal governments or other entities to grant specific rights, make policy changes, provide money, or create new laws for the good of your cause. For example, if you have a child with a disability, you might advocate for the increased availability of medical services for handicapped children in your city.
Media advocacy is the use of any form of media to help promote an organization's or a company's objectives or goals, which come from the group's vision and mission. For example, suppose you’re a media advocate for a non-profit agency working to reduce gang violence in your neighborhood. You would try to present neighborhood issues related to gang violence and the changes you want to make in such a way that you:
Change the way community members look at gang violence. You might want to make it clear who it affects and why, or why kids get involved in gangs in the first place.
Create a reliable, consistent stream of publicity for your agency's issues and activities, including articles and news items about the causes and results of gang violence and about what your agency’s work entails; personal interest stories; success stories; interviews with agency staff and current and former gang members, etc..
Motivate community members and policy makers to get involved. You probably have ideas about what could be done with public funding, or with government policies that addressed gang violence. You might have volunteer opportunities, or want to publicize a city- or state-sponsored initiative that needs public input and support. Or perhaps you’re trying to raise money for your work. The media can help with all of these...if you know how to work with them.
Media advocates, or the people who work to attract publicity for organizations and causes, know that the media can get a public or social policy message across to the largest audience possible in the least amount of time.
As a media advocate, you can use the media to:
.
Explanation:
XYZ Company has issued 10%, $100 par non-cumulative preferred stock. Two years ago, XYZ omitted its preferred dividend. Last year, it paid a preferred dividend of $5 per share. This year, XYZ wishes to pay a common dividend. In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:
Answer:
In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:
$5 per share.
Explanation:
The preferred stock is non-cumulative. This implies that XYZ's preferred stockholders are not being owed for the previous two year's dividend that was not paid. Non-cumulative preferred stock does not attract dividend arrears whenever it was not declared. It is cumulative preferred stock that attracts such arrears to be carried forward until they are paid.
When will the new Stranger Things season come out?
Possibly somewhere in early 2021. According to netflix.
Answer:
Around March 2021
Explanation:
What is the difference between a marketing strategy and a marketing plan?
A. A marketing strategy tells where a business wants to go and the marketing plan tells how to get there.
B. There is no difference between a marketing strategy and a marketing plan.
C. A marketing strategy is rather flexible, but a marketing plan should not be revised once it has been created.
D. A marketing plan is written first and forms the basis of the marketing strategy.
Answer:
a
Explanation:
3. Of the following provisions that might be found in a bond indenture, which would tend to reduce the coupon interest rate on the bond in question?
a
A subordination clause in a debenture.
b
A call provision.
c
A convertible feature.
d
Having relatively few restrictive covenants.
e.
All of the above.
The bond in question's coupon interest rate would typically be reduced by a convertible feature.
Define the term "convertible feature"?An asset that can be changed by the shareholder into common stock is known as a convertible, which can be a bond, preference share, or other type of financial instrument. Convertible securities aren't considered to be either debt or equity; rather, they're viewed as a cross between the two groups because they have the cash flow characteristics of both bonds and stocks.
What distinguishes a convertible bond from other bonds?An investment that may be converted into a predetermined number of shares of common stock is known as a convertible bond. It pays fixed-income interest payments. During the bond's term, the bond can be converted into stock at precise points at the bondholder's option.
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Similarity of culture, laws, rules, and norms encourages
A. Ethnocentric expansion.
B. Globalization.
C. Regionalization.
D. Trans-nationalization
Answer:
c
Explanation:
Regionalization is the increasing international exchange of goods, services, money, people, ideas, andi information; and the increasing similarity of culture, laws, rules, and norms within a region such as Europe, North America, or Asia
what social, political, and economic changes did europe experience during the middle ages?
Feudalism dominated political and economic life in the Middle Ages. Kings, queens, and other monarchs referred to as lords were able to maintain their rule and positions of power.
What was Feudalism?The legal, economic, military, cultural, and political practices that flourished in medieval Europe between the 9th and 15th centuries are collectively referred to as feudalism, also known as the feudal system.
In its broadest sense, it was a method of organizing society around bonds acquired from the possession of the property in exchange for labor or other forms of service.
In the Middle Ages, feudalism dominated both political and economic life. Kings and queens, as well as other monarchs known as lords, were able to keep their rule and position of authority.
Lords were always men who had opulent country estates and manor houses, which they named their residences.
Therefore, Feudalism dominated political and economic life in the Middle Ages. Kings, queens, and other monarchs referred to as lords were able to maintain their rule and positions of power.
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Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team
Answer: Bottom-up
Explanation:
Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets
Darcy can use the Bottom-up approach to set up her team.
most users rely on financial statements, which include the (1) income statement, (2) balance sheet, (3) statement of stockholders' equity, (4) statement of cash flows, and (5) notes to these statements.true or false
The statement "most users rely on financial statements, which include the (1) income statement, (2) balance sheet, (3) statement of stockholders' equity, (4) statement of cash flows, and (5) notes to these statements." is true because financial statements are a set of reports prepared by companies to provide information about their financial performance and position.
Financial statements are reports produced by a company's accounting system that summarize its economic activities. The three most important financial statements are the balance sheet, the income statement, and the cash flow statement. Investors, creditors, and regulatory authorities all use financial statements to assess a company's financial performance and health.
In addition to the balance sheet, income statement, and cash flow statement, financial statements include notes to the financial statements. Notes to the financial statements (financial footnotes or simply footnotes) provide additional information about the items in the financial statements. Therefore the given statement is true.
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