Elements to identify from the downloaded statement of financial position are ; a) Cash and cash equivalent b) Accounts receivables c) Accounts payables d) Equity e) Sales revenue and f) Net profit. (0.5 x 6 = 3) Kindly ensure that your answer should be in the following given format
Answers
The elements that can be identified from a statement of financial position are: cash and cash equivalents, accounts receivable, accounts payable, equity, sales revenue, and net profit.
The statement of financial position, also known as the balance sheet, is a financial statement that shows a company's financial position at a specific point in time. It reports the company's assets, liabilities, and equity. From this statement, the following elements can be identified:
a) Cash and cash equivalent: This represents the company's liquid assets that are readily convertible into cash.
b) Accounts receivable: This represents the amount of money owed to the company by its customers for goods or services sold on credit.
c) Accounts payable: This represents the amount of money owed by the company to its suppliers or vendors for goods or services purchased on credit.
d) Equity: This represents the residual interest in the assets of the company after deducting liabilities.
e) Sales revenue: This represents the revenue generated by the company from the sale of goods or services.
f) Net profit: This represents the company's profit after deducting all expenses and taxes from its revenue.
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Related Questions
Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must a. take the car to an expert third party for an independent inspection. b. have reason to know of the cause of the failure. c. file a court action without prior notice of the defect to the dealer. d. give the dealer or manufacturer an opportunity to remedy the problem.
Answers
To prevail against Motor in a lemon-law dispute, Lima must have reason to know of the cause of the failure.
Lemon law is specifically awarded to customers purchasing vehicles in the form of choice to either get replaced product or to get a refund for the defective vehicle.
Hence, if the vehicle is impaired to function properly or is diagnosed as defective within 30 days of its purchase would entail them with lemon rights. To avail this right the consumer must have proper reasons to support it.
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Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT
Answers
Answer:
Loss
Explanation:
Because she started with 860.00 then ended with 300
Answer:
350
Explanation:
I guessed
Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
when a manufacturer sells its products directly to consumers, it engages in which two supply-chain activities?
Answers
Based on components of Supply Chain Management, when a manufacturer sells its products directly to consumers, it engages in Source and Delivers supply-chain activities.
This is because Supply Chain activities is divided into five components.
The Source component is how firms or companies look for buyers, vendors, or consumers to buy their products directly.
Also, the Deliver component is by which the company delivers the products purchased by vendors, buyers, or consumers directly to them without intermediaries.
Other components of Supply Chain activities include the following:
Plan;Make;ReturnHence, in this case, it is concluded that the correct answer is Source and Deliver.
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high-end tools are generally licensed on a(n) _____ basis.
Answers
High-end tools, such as software applications, are generally licensed on a per-user or per-device basis.
This means that a user or device is granted a license to use the tool for a specific period of time or indefinitely, depending on the terms of the license agreement. The cost of the license typically depends on the scope and duration of the license, as well as the type and complexity of the tool being licensed.
This licensing model provides a predictable revenue stream for the tool vendor and allows customers to use the tool without incurring significant up-front costs for purchasing it outright.
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What is cold calling?
A. Calling people who have not shown interest in the product and asking them to buy it
B. Performing customer profile surveys over the telephone
C. Calling competitors and pretending to be a potential customer
D. Asking past customers whether they are satisfied with the product
Answers
Answer:
Explanation:
It's A and it is very hard to do. You are talking to someone whom you don't know and interrupting their day when they might be expecting someone important to them to be calling.
The others might be describing something, but it is not cold calling.
D is a survey
C is potentially a hazard. If the competitor ever finds it out, you can be in a pile of trouble.
B might be a cold call. It might be the reason for making a cold call, but you have to define the term more generally.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUDifferentiate wealth-creating venture from income-generating venture.
Answers
Answer:
Explanation:
A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.
An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.
A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company in 2015. The cost basis was $310,000. The plan is to use the equipment and dispose it after about 8 years of service. a). Determine the MACRS-GDS and MACRS-ADS recovery periods for the equipment b). Determine the annual GDS and ADS depreciation deductions for this property c). If the company disposes the equipment and sells it sooner in 2017. Instead of 2023, what would the the GDS and ADS depreciations for that year? d). Based on (c), what are the corresponding book values under the GDS and ADS depreciations?
Answers
a) The MACRS-GDS recovery period for asset class 15.0 is 7 years, while the MACRS-ADS recovery period is 10 years.
b) The annual GDS depreciation deduction for this property would be $44,285.72, while the annual ADS depreciation deduction would be $31,000.
c) If the company disposes the equipment and sells it in 2017 instead of 2023, the GDS and ADS depreciations for that year would be $82,857.14 and $62,000, respectively.
d) Based on (c), the corresponding book values under the GDS and ADS depreciations would be $137,142.86 and $186,000, respectively.
The Explanation to Each Answera) The MACRS (Modified Accelerated Cost Recovery System) depreciation system is used to calculate the depreciation deductions for tax purposes. The recovery period for asset class 15.0 is 7 years under the GDS (General Depreciation System) and 10 years under the ADS (Alternative Depreciation System).b) To calculate the annual GDS depreciation deduction, we use the following formula: cost basis x GDS depreciation rate. The GDS depreciation rate for the first 7 years is 14.29%. Thus, the annual GDS depreciation deduction for this property would be:
= $310,000 x 14.29%
= $44,285.72
To calculate the annual ADS depreciation deduction, we use the straight-line method. Thus, the annual ADS depreciation deduction would be:
= $310,000 / 10
= $31,000
c) If the company disposes the equipment and sells it in 2017 instead of 2023, the depreciation deductions for that year would be prorated based on the number of months the property was in service.
For GDS, we would use the half-year convention for the first and last years of service. Thus, the GDS depreciation deduction for 2017 would be:
= 3.5 / 7 x $310,000
= $155,000
And the ADS depreciation deduction for 2017 would be:
= 4 / 10 x $310,000
= $124,000.
d) Based on (c), the book value of the equipment under GDS and ADS would be calculated as follows:
1. For GDS, the accumulated depreciation for 2015 and 2016 would be:
= $44,285.72 x 2
= $88,571.44
And for 2017, it would be $82,857.14.
Therefore, the book value under GDS would be:
= $310,000 - $88,571.44 - $82,857.14
= $138,571.42.
2. For ADS, the accumulated depreciation for 2015 and 2016 would be $62,000 ($31,000 x 2), and for 2017, it would be $62,000.
Therefore, the book value under ADS would be:
= $310,000 - $62,000 - $62,000
= $186,000.
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Find Lindsay Remson's total deposit for two checks of $112.54 and
$453.24 and cash of 3 one-dollar bills, 4 five-dollar bills, 7 ten-dollar
bills, 15 quarters, 12 dimes, 34 nickels, and 64 pennies. Less $10.00
cash received.
Answers
Answer: 649.78
Explanation: addition
What is the richest person in the world right now?
What is the best money making job in the U.S?
Can you get your job back after getting fired?
Answer all please.
Brainliest included.
Thank you.
Answers
2: I would say a doctor or pilot?
3: Yes you can. However, it will be difficult trying to convince your employer.
computer-driven investment models can be very effective when the market behaves as it has in the past. however, in terms of historical consistency, they are vulnerable to failure in the face of group of answer choices black swans. distributed denial of service. calendar rivalry metrics. zero-day exploits. brute force attacks.
Answers
Computer-driven investment models can be very effective when the market behaves as it has in the past. However, in terms of historical consistency, they are vulnerable to failure in the face of Black Swans.
Black Swans refer to the occurrence of unexpected events that can have far-reaching consequences. These events are often impossible to predict or prepare for, and they can cause major disruptions in the financial markets. Investments models that rely on historical data and patterns are not designed to handle black swans.
This is why investors should not rely solely on computer-driven models, but also take into account other factors such as market sentiment, geopolitical events, and macroeconomic trends.These are all types of cyber threats that can affect computer systems and networks, but they are not specific to investment models.
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which type of business is the most difficult to set up? group of answer choices there is no difference in the difficulty of establishment. sole proprietorship corporation partnership
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Type of business is the most difficult to set up partnership. There is no difference in the difficulty of establishment. sole proprietorship corporation partnership.
Sole proprietorships corporation do now no longer produce a separate commercial enterprise entity. This way your commercial enterprise property and liabilities aren't separate out of your non-public property and liabilities. You may be held individually responsible for the money owed and responsibilities of the commercial enterprise. Sole owners are nonetheless capable of get an exchange name.
So long as you are the simplest owner, you are routinely granted the repute of sole owner while not having to do anything. In comparison, incorporation is the felony manner of forming a company.
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What type of communication provides powerful analytics that allow entrepreneurs to determine the effectiveness of their communication efforts?
O A. Interior communication
О в.
OC.
Nonverbal communication
Social media communication
D. Creativity communication
Answers
An appropriate choice is option (c). Business owners can use social media communication's robust analytics to assess the success of their communication efforts.
Social media communications are what?A communication method based on the internet is social media. Users can converse, share knowledge, and publish content online via social media platforms. Social media describes how individuals interact with one another through the creation, sharing, and/or exchange of knowledge and ideas in online groups and networks.
What constitutes effective corporate communication?Interaction between people is facilitated via communication. Entrepreneurs continually aim to enhance their communication skills because doing so will help them share and express their ideas clearly, as well as interact with their team, clients, and coworkers in a better way.
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A type of investment that gives a person a share of ownership in a company
is a
A. savings account
O B. bond
O c. stock
O D. hedge fund
Answers
A type of investment that gives a person a share of ownership in a company is a stock. Thus, option (c) is correct.
What is a stock?A stock is a type of investment that gives a person a share of ownership in a company. When a person buys a stock, they become a partial owner of the company and are entitled to a portion of the company's profits.
Stocks are traded on the stock market, and their prices can fluctuate depending on a variety of factors, such as the company's performance, investor sentiment, and overall market conditions. Stocks are important because they provide investors with the potential to earn returns on their investments, and they provide companies with capital to fund their operations and growth.
Therefore, it can be concluded that a type of investment that gives a person a share of ownership in a company is a stock. Hence, option (c) is correct.
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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
Answers
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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The price of a stock, which pays no dividends, is $29 and the strike price of a 8-month European call option on the stock is 521 . The risk free rate is 4.2% (continuously compounded). Find the lower bound for the option such that there are arbitrage opportunities if the price is below the lower bound and no arbitrage opportunities if it is above the lower bound. (Keep 2 decinal places)
Answers
The lower bound for the option can be calculated using the put-call parity relationship. In this case, since an option is a call option and there are no dividends, the lower bound for the call option price is given by the present value of the stock price minus the present value of the strike price, discounted at the risk-free rate.
The put-call parity relationship states that the difference between the price of a call option and a put option with the same strike price and the expiration date is equal to the difference between the present value of the stock price and the present value of the strike price. Mathematically, it can be expressed as:
Call Option Price - Put Option Price = Present Value of Stock Price - Present Value of Strike Price
In this case, the stock price is $29, the strike price is $521, the risk-free rate is 4.2% (continuously compounded), and the option has a maturity of 8 months. To find the lower bound for the call option price, we need to calculate the present values of the stock price and the strike price, discounted at the risk-free rate. Once we have these values, we can apply the put-call parity formula to determine the lower bound for the call option price.
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Which type of economy is used by the United States?
HELPPPPPPPPP
Answers
Answer:
mixed economy
Explanation:
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.
mixed economy
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism
the threat of antidumping action affects a firm by?
Answers
The threat of antidumping action limits a company's ability to use aggressive pricing to gain market share in a country. Firms in a country can also strategically use antidumping measures to limit aggressive competition from low-cost foreign producers.
What exactly does anti-dumping mean?
Anti-dumping measures. A company is said to be "dumping" a product if it exports it at a lower price than it normally charges in its home market.
Is this a form of unfair competition?
Although opinions differ, many governments take action against dumping to protect their domestic industries. Antidumping and countervailing duties are intended to compensate domestic industries harmed by unfairly traded imports by offsetting the value of dumping and/or subsidization.
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A list of the knowledge, skills, and other qualities a person must possess in
order to qualify for a job is called a
A. human resource plan
B. job description
C. résumé
O D. job specification
Answers
Answer:
Job description
Explanation:
Just did it
A list of the knowledge, skills, and other qualities a person must possess in order to qualify for a job is called a job description. The correct option is B.
What are good job descriptions?A clear and attractive job description is a sign of a good one. Make your ads easy to read because job seekers may search for open positions on their phones. Lists with bullets are simpler to read than paragraphs with a narrative structure. Additionally, well-structured sections aid in separating responsibilities from prerequisites and necessary from desirable skills.
The tasks, duties, functions, and responsibilities of a position are described in a job description, which is a helpful document written in simple language. It specifies who is responsible for carrying out a particular type of work, how it is to be done, how frequently it is to be carried out, and how it relates to the mission and objectives of the organization.
Thus, the ideal selection is option B.
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Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answers
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
Groups of employees from different departments who work together on a long- term basis are called ______________________________________________.
Answers
Answer:
cross-functional teams
Explanation:
3. If GDP is $10 million, consumer spending is $5million, Government is $3 milion, net exports is 1 million, how much is investment? A. $ 0 million B. $ 1 million C. $ 2 million D. $ 3 million
Answers
A random sample of respondents would be distributed randomly, half to the experimental group and half to the control group. A pretest questionnaire would be administered to the respondents in both groups to obtain a measurement on attitudes toward Pepsi advertising, brand, and celebrity; only the respondents in the experimental group would be exposed to the TV program containing the Pepsi commercial. Then, a questionnaire would be administered to respondents in both groups to obtain posttest measures on attitudes toward Pepsi advertising, brand, and celebrity. Which of the following experimental design best represents the above scenario?
a. one-shot case study
b. one-group pretest-posttest design
c. after-only with control group design
d. before and after with control group design
e. interrupted time-series design
Answers
The experimental design which best represents the above random survey is: B. one-group pretest-posttest design.
An experimental design can be defined as a research method (concept) in which a controlled experimental factor is objectively and efficiently subjected to a special treatment (intervention), in order to compare it with a factor (controlled variable) that is kept constant. Thus, it is used to maximize precision in an experiment and to reach a specific conclusion on a hypothesis statement.
Basically, there are three (3) main types of experimental design and these include:
1. Quasi-experimental research design
2. True experimental research design
3. Pre-experimental research design
Under the pre-experimental research design, we have three (3) forms of experimental design and these are:
One-shot case study research designStatic-group comparisonOne-group pretest-posttest designOne-group pretest-posttest research design is mostly used by behavioral researchers to determine the effect of a special treatment (intervention) on a given sample of participants, especially by first utilizing a single group of participants (one-group design) before the treatment is implemented and once after the treatment is implemented.
In conclusion, a one-group pretest-posttest research design is the experimental design which best represents the above random survey.
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Name and discuss five responsibilities that Top Management has with respect to the environmental management system and improvement.
Answers
Top management plays a crucial role in ensuring effective environmental management and improvement within an organization.
Setting Environmental Objectives and Targets: Top management is responsible for establishing clear environmental objectives and targets aligned with the organization's overall strategy. Providing Leadership and Commitment: Top management must demonstrate leadership and commitment to environmental management by actively promoting a culture of environmental responsibility throughout the organization. This includes allocating necessary resources, integrating environmental considerations into decision-making processes, and fostering employee engagement.
Establishing Policies and Procedures: Top management should develop and communicate environmental policies and procedures that provide a framework for environmental management activities. These policies should define the organization's commitment to compliance with environmental regulations, pollution prevention, resource conservation, and other relevant aspects.Monitoring and Performance Evaluation: Top management is responsible for implementing systems to monitor and evaluate the organization's environmental performance.
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wang company manufactures and sells a single product that sells for $580 per unit; variable costs are $319 per unit. annual fixed costs are $958,500. current sales volume is $4,330,000. compute the break-even point in dollars.
Answers
The value of break-even point in dollars is $1,740,000.
In the given scenario, the Wang Company manufactures and sells a single product for $580 per unit and has a variable cost of $319 per unit.
The annual fixed costs of the company are $958,500. With a current sales volume of $4,330,000, we can calculate the break-even point in dollars.
Break-Even Point in Units;
Formula for break-even point in units is:
BEP (in Units) = Fixed Costs / (Price per Unit - Variable Cost per Unit)
Using the values provided, we can calculate the break-even point as follows:
BEP (in Units) = $958,500 / ($580 - $319) = 3,000 units
Break-Even Point in Dollars;
Formula for break-even point in dollars is:
BEP (in Dollars) = BEP (in Units) × Price per Unit
Using the value of BEP (in Units) and the given price per unit, we can calculate the break-even point in dollars as follows:
BEP (in Dollars) = 3,000 × $580 = $1,740,000
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.Others at work see me as assertive. need answers for application
Answers
Answer:
yes
Explanation:
It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way
Kari needs to change the brightness and contrast on an image she has inserted into a word document. Which group should she use to do this?
Answers
What health issue did Feiler face that led him to consider his family?