FILL IN THE BLANK. Accounts are summarized in financial ___________ (statements/entities/transactions) whereas ___________ (statements/entities/transactions) are summarized in accounts.
Answers
Accounts are summarized in financial statements whereas transactions are summarized in accounts.
In accounting, an account is a record of a specific financial transaction or event. Accounts are used to keep track of various financial activities such as sales, purchases, expenses, and revenues. Each account has a specific purpose and is classified into categories such as assets, liabilities, equity, revenues, and expenses.
When these accounts are brought together, they are summarized in financial statements such as the balance sheet, income statement, and cash flow statement. Financial statements provide a snapshot of a company's financial position, performance, and cash flow over a specific period of time.
On the other hand, transactions are the actual events or activities that occur in a company's operations, such as a sale or purchase of goods, payment of expenses, or receipt of revenues. These transactions are recorded in the accounts, and then the accounts are summarized in financial statements.
Therefore, accounts and financial statements are closely related, with accounts serving as the building blocks of financial statements.
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Related Questions
19
Select the correct answer.
Rumi is giving a presentation about worker safety in a welding plant. Which technique would help her deliver an effective presentation?
OA. looking at her notes when she speaks
OB. speaking at a moderate pace that's easy to follow
OC. standing straight and avoiding moving around
OD. checking the equipment during the presentation
OE. quickly going over all the visual images
Answers
To deliver an effective presentation about worker safety in a welding plant, Rumi should use the technique of speaking at a moderate pace that's easy to follow.
So, the correct answer is B.
This technique would help her communicate clearly and ensure that the audience can understand and retain the information she presents.
It's also important for her to quickly go over all the visual images (Option E) to reinforce her points and engage the audience.
Looking at her notes when she speaks (Option A) and checking the equipment during the presentation (Option D) can be distracting and detract from the overall effectiveness of her presentation.
Standing straight and avoiding moving around (Option C) is important for maintaining a professional appearance, but it's not as critical as the other techniques mentioned.
Hence, the answer of the question is B.
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how do large interest groups compare to small interest groups? ap gov
Answers
Large interest groups compare to small interest groups on basis of size, structure and resources.
There are several distinctions among large and small interest groups in terms of size, resources, and organisational structure. Compared to minor interest groups, major interest groups typically have a bigger membership and budget. While they may have hundreds or even thousands of members, small interest groups may only have a few dozen or one hundred. Small interest organizations lack access to large interest groups' financial, human, and technological resources.
This enables them to successfully undertake research, manage PR campaigns, and persuade government authorities. Big interest groups frequently have a more bureaucratic and hierarchical organisational structure, with many levels of leadership and decision-making. Smaller groups of leaders may make decisions in a more casual manner in small interest groups, on the other hand.
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Most employees consider pay when they choose a job. According to value-percept theory, which of the following is NOT a way in which an employee’s job satisfaction is affected by pay?
None of the above - all are ways in which job satisfaction can be affected by pay
How much the employee is currently paid
How much the employee’s colleagues are paid
How much the employee wants to be paid
How much the employee cares about pay
Answers
None of the above - all are ways in which job satisfaction can be affected by pay. according to value-percept theory, all the mentioned
factors - how much the employee is currently paid, how much the employee's colleagues are paid, how much the employee wants to be paid, and how much the employee cares about pay - can influence an employee's job satisfaction. Pay is an important aspect of job satisfaction and can impact an employee's perception of fairness, equity, and overall satisfaction with their compensation package.
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Who is the best teachers in deap
A. all of them
Answers
The greatest instructors in the DEAP (Disability Employment Accelerator Program) are tough to pinpoint because they may differ based on student experiences and viewpoints.
Which of these professional traits enables a person to adapt swiftly to changes in the modern world?Your ability to adapt to changes in your environment depends on your adaptability skills. Being adaptable at work is being able to react rapidly to concepts, obligations, demands, trends, tactics, and other procedures that may change.
What kind of instructor is necessary to manage a class with impaired students?They are known as resource instructors with a specialisation. The disabled students are taught in a separate class by a different teacher for those subjects and activities where their impairment prohibits them from learning from the usual teacher.
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you have decided both to open a savings account and to purchase a vehicle. you would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. you currently have a checking account at bank a. from the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.
Answers
To determine the best bank for a savings account and a vehicle loan, you should consider the interest rates offered by each bank. The highest interest rate for a savings account is desired, while the lowest interest rate for a vehicle loan is preferred.
When deciding which bank to open a savings account with and which bank to apply for a vehicle loan, it is important to consider the interest rates offered by each bank. The higher the interest rate, the more money you will earn on your savings and the less money you will pay in interest on your loan.From the given information, the best bank to open a savings account with is Bank C, as it offers the highest interest rate. The best bank to apply for a vehicle loan with is Bank B, as it offers the lowest interest rate.Therefore, it is recommended that you open a savings account with Bank C and apply for a vehicle loan with Bank B.Learn more about savings account: https://brainly.com/question/738615
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please help me ASAP
i will give brainliest
Answers
Answer:
d
Explanation:
The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.
Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at a music concert. Rhonda installs and repairs home electronic equipment in customers’ homes. Gary attends a state fair to sell his handmade clothing in a booth. Christopher dances in a large ballet production on a stage. Yolanda uses a computer tablet to draw an illustration for a textbook. Shirley has a meeting with a customer to discuss a wedding she will be photographing.
Answers
Answer:
3
5
6
Explanation:
Average costs
O a. fall at all levels of output O b. are falling when marginal costs are above average costs and rising when marginal costs are below average costs O c. does not vary with output O d. are falling when marginal costs are below average costs and rising when marginal costs are above average costs
Answers
The concept of average costs is important in economics as it helps in understanding relationship between cost of production and level of output. So, average costs are falling when marginal costs are below average costs and rising when they are above average costs.
The answer to the question is that the average costs are falling when marginal costs are below average costs and rising when marginal costs are above average costs. This is because when marginal costs are below average costs, it means that the cost of producing an additional unit of output is less than the average cost of producing all the units. As a result, the average cost of production decreases, and the same logic applies when the marginal costs are above average costs, which results in an increase in average costs.
It is essential to note that the statement, "Average costs do not vary with output" is incorrect. In fact, average costs do vary with output as the cost of production changes with the level of output. Also, the statement, "Average costs fall at all levels of output," is incorrect as the average costs may rise or fall depending on the relationship between marginal costs and average costs.
In conclusion, understanding the relationship between average costs and marginal costs is crucial in managing the cost of production and making informed decisions on pricing and output levels.
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In a given town, demand for fish is given by P = 4726 - 13 * Q, where P and Q are fish price and fish quantity (in tons) demanded. What is Consumer Surplus if the one tone of fish price is $1232?
Answers
The Consumer Surplus when the price of one ton of fish is $1232 is $469,197.
In the given town, the demand for fish is given by P = 4726 - 13 * Q. To find the Consumer Surplus when the price of one ton of fish is $1232, follow these steps:
1. Find the quantity demanded at the given price: 1232 = 4726 - 13 * Q
2. Rearrange the equation to solve for Q: Q = (4726 - 1232) / 13
3. Calculate the quantity: Q = 3494 / 13 = 269 tons
4. Calculate the area of the triangle representing Consumer Surplus, which is (1/2) * base * height. The base is the quantity demanded (269 tons) and the height is the difference between the maximum price consumers are willing to pay (4726) and the actual price (1232).
5. Calculate Consumer Surplus: (1/2) * 269 * (4726 - 1232) = 469197
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When a borrower fails to repay a loan and there is a co-signer on the loan, the most likely result will be:
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Answers
The co-signer will be held accountable for the whole loan repayment as well as any additional costs or penalties when a borrower fails to repay a loan and there is a co-signer on the loan.
Is a co-signer responsible for a loan?A co-signer consents to being held responsible for the debt if a borrower defaults on a loan. If you want to buy a large item, like a car, but you can't secure a loan on your own, you might think about having a co-signer. Together with the primary borrower, a co-signer is fully responsible for repaying the amount.
Moreover, family members will frequently co-sign a loan. If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance. Cosigning a loan may also have a positive or negative impact on the cosigner's credit score.
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1. An open market purchase A. shifts the supply curve for reserves to the right and causes the federal funds rate to fall. B. shifts the demand curve for reserves to the right and causes the federal funds rate to rise. C. shifts the supply curve for reserves to the left and causes the federal funds rate to rise. D. shifts the demand curve for reserves to the left and causes the federal funds rate to fall.
Answers
Answer:
The correct answer is option A (shifts the supply curve for reserves to the right and causes the federal funds rate to fall).
Explanation:
Open market purchase Increases the money supply in an economy where government bonds are bought from a bank by the Federal Reserve, this single act makes money available to the bank, which now makes Interest rates fall and raise investment spending. When federal funds rates fall, money supply increases which is a visible characteristic of an open market purchase. Similarly, when the supply curve for reserves shifts to the right, it signifies an open market purchase.
Post-secondary education is
Answers
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
business studies June paper 1 2023
Answers
The increasing demand for sustainable and eco-friendly products presents both challenges and opportunities for Company X, a leading global technology firm that specializes in the production of smartphones. To meet this demand, the company will have to come up with environmentally friendly practices while still maintaining a competitive edge in the smartphone industry.
ChallengesThe following are the potential challenges that Company X may face in meeting the demand for sustainable smartphones:
1. High Production CostsThe production costs of environmentally friendly smartphones may be significantly higher compared to those of traditional smartphones. To reduce costs, Company X should seek alternative production methods and materials, which should be both cost-effective and environmentally friendly.2. Difficulty in Finding Reliable SuppliersSustainable production requires sourcing materials from ethical and environmentally conscious suppliers. To avoid sourcing from non-eco-friendly suppliers, the company will need to conduct due diligence on its supply chain.OpportunitiesThe following are the potential opportunities that Company X may leverage in meeting the demand for sustainable smartphones:
1. Increased RevenueStreamSustainable smartphones can create a new revenue stream for the company, attracting environmentally conscious consumers willing to pay a premium price for environmentally friendly products.2. Increased Market ShareThe demand for eco-friendly smartphones is growing. By producing sustainable smartphones, the company can increase its market share and, subsequently, its profitability.StrategiesTo address the challenges and capitalize on the opportunities, Company X should consider the following strategies:
1. Green Supply ChainThe company should adopt an environmentally conscious supply chain that focuses on sustainable sourcing and manufacturing. This will reduce the environmental impact of the company's products while reducing production costs.2. Sustainable Product DesignThe company should develop smartphones that are easy to recycle, energy-efficient, and manufactured using eco-friendly materials. Sustainable products will meet the increasing demand for eco-friendly products while minimizing waste and reducing environmental impact.3. Promoting Corporate Social ResponsibilityCompany X should promote corporate social responsibility through transparency, accountability, and ethical practices. Such practices will help build the company's reputation and increase customer loyalty.For more such questions on production
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NOTE- Full question is business studies June paper 1 2023
Question: Case Study: Company X is a leading global technology firm that specializes in the development and manufacturing of smartphones. Over the years, the company has faced intense competition and changing market trends. Recently, there has been a growing demand for sustainable and environmentally friendly products in the smartphone industry. Based on the given information, analyze the potential challenges and opportunities for Company X in meeting the demand for sustainable smartphones. Discuss the strategies the company can adopt to address these challenges and capitalize on the opportunities, considering both the environmental and business aspects. Support your answer with relevant examples and theoretical concepts from the field of business studies.
what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
What is the balance after 3 years on a CD with an initial investment of $2,500.00 and a 3.05% interest rate?
A. $2,652.50 C. $2,506.10
B. $2,735.80 D. $7.625.00
Answers
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Paying rent is a , while buying a new video game is a. If you buy a new video game, you cannot pay your cell phone bill. This is an example of.
Answers
Answer:
See below.
Explanation:
Paying rent is a need while buying a new video game is a want. This is an example of opportunity cost.
Answer:
NEED, WANT, REALIZING OPPORTUNITY COST
Explanation:
JUST DID IT
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins
Answers
Answer:
1.
Explanation:
Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.
John was told that he owned 1.5% of the shares in the company -calculate the total number of issued shares in this company. -what was the market price of the shares when he this bought shares? john feels that he owns an insignificant percentage of shares and he wants to sell his shares. what advice would you give him? give three points
Answers
If John knows how many shares he owns, he can use that information to calculate the total number of issued shares.
What was the market price of the shares when he this bought shares?For example, if John owns 1.5% of the company and he owns 150 shares, he can use the following formula:
Total number of issued shares = Number of John's shares ÷ John's ownership percentage
Total number of issued shares = 150 ÷ 0.015 = 10,000
So, if John owns 150 shares in the company and he was told he owns 1.5% of the shares, then the total number of issued shares is 10,000.
Market price of the shares:
To determine the market price of the shares, John can check the stock market or financial news websites for the latest price of the company's shares. Alternatively, he can check with his broker or financial advisor who can provide him with the latest market price of the shares.
Advice on selling his shares:
Here are three points that John should consider before selling his shares:
a. Understand the reason for selling: Before selling his shares, John should ask himself why he wants to sell. Is it because he needs the money or does he no longer believe in the company's potential? Understanding the reason for selling can help him make a more informed decision.
Consider the tax implications: If John sells his shares at a profit, he will have to pay capital gains tax on the sale. He should consult with a tax professional to understand the tax implications of selling his shares.
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Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.
O Printing Technology
O Printing Press Operator
Electronic Home Entertainment Equipment Installer
O Journalism and Broadcasting
O Telecommunications
Answers
The equipment Installer exists liable for repairing equipment while Telecommunication affects any function that exists valued with installing and utilizing data to communicate.
What is telecommunications?Telecommunications, even comprehended as telecom, exists the interaction of information over considerable distances by electronic standards and directs to all kinds of voice, data, and video transmission.
The job of telecommunications technicians entails the responsibility of supporting, installing, and repairing various tools needed for communication.
The instruments that exist utilized for communication these days exist as the telephone, fax, video conferencing, computers, and more.
The various communication instruments exist utilized in business and the telecom technician interacts with office workers and comprehends the issue at hand for the kind of instrument and transmits the necessary technician.
Therefore, the correct answer is option c. Electronic Home Entertainment Equipment Installer.
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Economic theory holds that the mostprofitable pay level, all things being equal,would be:A.below the market rate.B.at the market rate.
Answers
According to economic theory, the most profitable pay level would be at the market rate. Hence, the correct option is B.
This is because paying below the market rate may result in difficulty attracting and retaining skilled employees, which could negatively impact the company's productivity and profitability. On the other hand, paying above the market rate may lead to increased labor costs and reduce the company's competitiveness in the market. Therefore, paying at the market rate is the most cost-effective solution that balances the company's financial goals with the need to attract and retain skilled employees. However, it's important to note that economic theory is a general framework, and actual pay levels may vary depending on factors such as the industry, location, and labor market conditions. Companies should conduct regular market analysis and benchmarking to ensure they are offering competitive pay packages that align with their strategic goals and the market realities.
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what is the primary goal of capitalism? what is the primary goal of socialism? what do you think are the pros and cons of each? reply
Answers
The primary goal of capitalism is to generate a profit, while the primary goal of socialism is to promote equality and fairness. Capitalism's pros are individual freedom and innovation& efficiency and the cons are inequality and regulation. Socialism's pros are equality and government-provided services and cons limited individual freedom and bureaucracy.
Below are the pros and cons of each economic system:
Pros of capitalism:
Individual freedom: Capitalism allows individuals to freely own property, start businesses, and sell goods and services as they see fit.
Innovation and efficiency: Capitalism incentivizes entrepreneurs to develop new goods and services that meet consumer demands. Competition between businesses promotes efficiency and helps control costs.
Cons of capitalism:
Inequality: Capitalism often results in an uneven distribution of wealth, with some individuals accumulating vast fortunes while others struggle to make ends meet. This can lead to social unrest and a lack of trust in government.
Regulation: While capitalism promotes individual freedom, it also requires regulations to protect consumers and prevent monopolies. However, some argue that excessive regulation stifles innovation and entrepreneurship.
Pros of socialism:
Equality: Socialism seeks to promote equality by reducing wealth and income disparities. This can lead to a more cohesive society and a greater sense of shared purpose.
Government-provided services: Socialism allows the government to provide essential services like healthcare, education, and housing to all citizens, regardless of their income.
Cons of socialism:
Limited individual freedom: Socialism typically limits individual freedom by restricting property rights and imposing regulations on businesses. This can reduce innovation and entrepreneurship.
Bureaucracy: Socialism often involves a large and inefficient government bureaucracy, which can be costly and slow to respond to changing needs.
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Which is the main reason why IT professionals need to pursue continuing education and self-directed learning?
to obtain a formal degree
to develop a broad historical perspective
to meet legal training requirements
to maintain and improve professional skills
Answers
Answer:
B
Explanation:
Continuous professional development gives people the chance to improve their existing abilities and fill in any knowledge gaps, giving them an advantage in situations where they might need it, like a job interview.
Thus, Option D is correct.
What does professional development serve as?To support individual, school-wide, and district-wide improvements for the objective of raising student achievement, professional development aims to enhance knowledge and abilities. Federal and state mandates place a constant increase in demands on educators.
The rules and expectations for all public schools across the nation have drastically changed as a result of the federal No Child Left Behind legislation. One of the numerous modifications is the requirement that all professional development be directed on raising student accomplishment.
Therefore, professional development typically entails teachers expanding their knowledge of instructional strategies or extending their comprehension of academic content.
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What is the least amount of money a student should receive when doing work
study?
о A. $6 an hour
о B. Federal minimum wage
OC. State minimum wage
D. $7 an hour
SUBMIT
Answers
The correct answer is B. Federal minimum wage. The Federal Work-Study program requires that students be paid at least the federal minimum wage, which is currently $7.25 per hour.
Some states have a higher minimum wage rate, so if the state's minimum wage is higher than the federal minimum wage, then the student would need to be paid at the higher state rate.
When there are conflicting minimum wage rates, employers are required to pay the higher rate. It is important to note that some types of workers, such as tipped employees and workers with disabilities, may have a different minimum wage rate under certain circumstances.
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Susan Robinson is planning for her retirement. She is 30 years old today and would like to have $600,000 when she turns 55. She estimates that she will be able to earn a 9 percent rate of return on her retirement investments over time; she wants to set aside a constant amount of money every year (at the end of the year) to help achieve her objective. How much money must Robinson invest at the end of each of the next 25 years to realize her goal of 600,000 at the end of that time?
Answers
Susan Robinson, who is currently 30 years old, wants to accumulate $600,000 by the time she turns 55 for her retirement. She anticipates earning a 9 percent rate of return on her retirement investments. To achieve this goal, Susan needs to determine the amount she must invest at the end of each year for the next 25 years.
To calculate the amount Susan needs to invest each year, we can use the concept of present value and annuity. The present value of an annuity formula can be applied in this scenario. Given that Susan wants to accumulate $600,000 in 25 years and expects a 9 percent rate of return, we can use the following formula:
PMT = PV / [(1 - (1 + r)^(-n)) / r]
Where:
PMT = Annual payment
PV = Present value or target amount ($600,000)
r = Interest rate per period (9% or 0.09)
n = Number of periods (25 years)
Substituting the values into the formula, we can calculate the annual payment required for Susan:
PMT = $600,000 / [(1 - (1 + 0.09)^(-25)) / 0.09]
Calculating this expression will give us the annual payment Susan needs to make to accumulate $600,000 by the time she turns 55.
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Intro LightWorks Inc. has a cost of equity of 8%. The firm will pay an annual dividend of $2.3 in one year and its dividends had been expected to grow by 6% per year thereafter. You just heard on the news that LightWorks has changed its growth forecasts and now expects its dividend to grow by 4% per year forever after the first year. What is the change in the intrinsic value of LightWorks (in $)? If you tried to sell LightWorks stock immediately after the news broadcast, what price would you most probably get? 0+ decimals Submit
Answers
The change in the intrinsic value of LightWorks is -$57.5.
To calculate the change in the intrinsic value of LightWorks due to the change in dividend growth forecasts, we need to compare the intrinsic value before and after the news.
Let's break down the information given:
Cost of equity = 8%
Annual dividend in one year = $2.3
Dividend growth rate before the news = 6%
Dividend growth rate after the first year (revised) = 4%
Using the Gordon Growth Model, the intrinsic value of a stock can be calculated as the present value of its future dividends. The formula is as follows:
Intrinsic Value = Dividend / (Cost of Equity - Dividend Growth Rate)
Before the news, the dividend growth rate was expected to be 6%:
Intrinsic Value Before = $2.3 / (0.08 - 0.06)
Intrinsic Value Before = $2.3 / 0.02
Intrinsic Value Before = $115
After the news, the dividend growth rate is revised to 4%:
Intrinsic Value After = $2.3 / (0.08 - 0.04)
Intrinsic Value After = $2.3 / 0.04
Intrinsic Value After = $57.5
The change in intrinsic value can be calculated as the difference between the values before and after the news:
Change in Intrinsic Value = Intrinsic Value After - Intrinsic Value Before
Change in Intrinsic Value = $57.5 - $115
Change in Intrinsic Value = -$57.5
The change in the intrinsic value of LightWorks is -$57.5.
If you tried to sell LightWorks stock immediately after the news broadcast, the price you would most probably get is the market price, which is influenced by various factors such as market sentiment, supply and demand dynamics, and investor reactions. Therefore, the actual price you would get may not precisely reflect the change in intrinsic value.
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b) list 3 ways in which cost are analyzed according to function
Answers
Cost analysis according to function involves examining costs based on their specific functions within an organization. Here are three ways in which costs can be analyzed according to function:
1. Direct costs: Direct costs are expenses that can be directly traced to a specific function or activity. These costs are directly associated with producing a particular product or delivering a specific service. Analyzing costs by function allows businesses to identify and allocate direct costs accurately. For example, in a manufacturing company, direct costs for a specific product may include raw materials, labor costs directly involved in production, and equipment maintenance costs specific to that product line.
2. Indirect costs: Indirect costs are expenses that are not directly tied to a specific function or activity but still contribute to the overall operation of the organization. These costs are shared among multiple functions or activities within the business. Analyzing costs by function helps in assigning a portion of indirect costs to different functions based on their usage or allocation criteria. Examples of indirect costs include rent, utilities, administrative salaries, and general supplies.
3. Overhead costs: Overhead costs encompass all the expenses that are necessary for running the business but cannot be directly assigned to a specific function or activity. These costs are incurred to support the overall operations of the organization. Analyzing costs by function helps in understanding the portion of overhead costs allocated to different functions based on their utilization or predetermined allocation methods. Overhead costs may include facility maintenance, depreciation of shared assets, insurance, and other general administrative expenses.
By analyzing costs according to function, businesses can gain insights into the specific expenses associated with each function or activity. This information allows for better cost management, budgeting, and decision-making within the organization.
Kindly Heart and 5 Star this answer and especially don't forgot to BRAINLIEST, thanks!Dawson is the head of an internet service company and is studying areas where there is limited service so he can determine how best to meet the needs of these regions. What entrepreneurial trait is Dawson demonstrating?
resilience
strategic thinking
coordination
management
Answers
Entrepreneurial trait is Dawson demonstrating is strategic thinking. Option B is correct.
What is strategic thinking?
Planning for the future requires the ability to think strategically. Strategic thinking the ability to plan plans and come up with concepts that will take into account the numerous obstacles that lie ahead while also coping with changing situations.
Further Strategic thinking can also imply creating a plan to deal with potential obstacles in the future. This can help you foresee issues and effectively handle them, enabling you to overcome obstacles and succeed.
Thus Dawson studying the potential problems that could be arise in limited internet services in a particular region that would be a strategic thinking model.
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Define (a) sensitivity analysis, (b) scenario analysis, and (c) simulation analysis. If GE were considering two projects (one for $500 million to develop a satellite communications system and the other for$30,000 for a new truck), on which would the company be more likely to use a simulation analysis?
Answers
Given the large investment and complexity of the satellite communications system project, GE would be more likely to use a simulation analysis to test different scenarios and variables to help make informed decisions.
On the other hand, the investment in the new truck project is relatively small, and the decision may not require a sophisticated analysis technique like simulation analysis.
a) Sensitivity analysis is a technique used to identify the relationship between variables in a model and to measure the effect of changes in one or more variables on the outcome of the model. It involves analyzing how sensitive the results of a model are to changes in certain variables.
b) Scenario analysis involves analyzing how a particular model will perform under different possible scenarios. It typically involves creating different scenarios by adjusting key variables in a model and analyzing the resulting outcomes.
c) Simulation analysis involves creating a computer model to simulate a real-world situation and testing how different variables affect the outcome of the situation. It can involve creating multiple simulations to test different scenarios and analyzing the results.
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