The way that Mary Follett would have addressed the issue was that the workers have to work in harmony and everyone has to operate as a community.
Who was Mary Parker Follett?
She is regarded as the mother of modern management. She was the one that described the field as the way of getting things done by people.
According to her, there has to be direct contact between the workers that are in a firm and the management. This was a way of avoiding conflicts and misunderstanding.
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For which person would renting a home be a better option than getting a mortgage?
A.
Someone who considers it important that the home help build his or her wealth
B.
Someone who wants his or her monthly payments to remain stable for years
C.
Someone who wants to be able to easily move within the next year
D.
Someone who plans to take on major construction projects in the home
Answer: C; Someone who wants to be able to easily move within the next year
Explanation:Just did it on A pex
The person whom renting a home would be a better option than getting a mortgage is:
C. Someone who wants to be able to easily move within the next yearAccording to the given question, we are asked to state the person to whom renting a home would be a better option than getting a mortgage
As a result of this, we can see that the person who does not plan to stay long in the particular area and on the property would be better off renting a home, instead of taking a mortgage because it is a long term loan.
Therefore, the correct answer is option C
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the part of the technical report should follow this sequence
Answer:
The title page.
The introduction.
The summary.
Experimental details.
Results and discussions.
The body.
Conclusion.
Explanation:
Hope this helps you
I have decided to put $3000 in my investment account every year for the next 5years. I will make the first deposit one year from today. How much will I have in my account by the end of 5years if the annual interest rate is 4%.
Answer:
$3,305.88
Explanation:
There is demand for and supply of dollars and a demand for and supply of pesos. Under a flexible exchange rate system, if income growth in the United States is greater than income growth in Mexico, then the
Answer:
There is demand for and supply of dollars and a demand for and supply of pesos. Under a flexible exchange rate system, if income growth in the United States is greater than income growth in Mexico, then the dollar would increase its value over the peso.
Explanation:
Given that in the situation in question the quantities supplied and demanded of both currencies remain stable, in principle there should be no valuation of one over the other for reasons of supply and demand.
Now, since the economic growth in the United States that sustains the value of the dollar is greater than that growth in Mexico that sustains the value of the peso, the greater the value of the dollar in international markets. This will necessarily imply a higher valuation of the American currency, which will widen the gap in the exchange rate with respect to the peso, which instead will remain stable in global markets.
The three purposes for which individuals or groups can use products in order for it to be considered a business market are?
The three purposes for which individuals or groups can use products in order for it to be considered a business market are resale, use in daily operations, and direct use in producing other products.
When the seller knows or has a strong reason to expect that the products or services will be sold again, whether in their original form, in a modified form, as a part, component, or ingredient of another product, a sale is being made for resale.
The everyday operations that a company and its workers carry out with the aim of making a profit and raising the intrinsic worth of the company as a continuing concern are called daily operations.
Reselling, using things in regular operations, and directly producing other products are the three ways that people or groups might use products in order for them to be deemed a business market.
What is the Market?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, maybe the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The term "available market" refers to a market that includes all local residents. There is a "market minimum" inside the available market or the size of the market that will purchase items without any marketing effort. Without taking any action, a corporation could only receive sales like this one. This level is getting lower and lower in the modern world.
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On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April: Opened a business bank account with a deposit of $60,000 in exchange for common stock. Purchased office supplies on account, $1,800. Received cash from fees earned for managing rental property, $22,300. Paid rent on office and equipment for the month, $7,000. Paid creditors on account, $1,100. Billed customers for fees earned for managing rental property, $3,600. Paid automobile expenses for month, $750, and miscellaneous expenses, $1,000. Paid office salaries, $4,000. Determined that the cost of supplies on hand was $250; therefore, the cost of supplies used was $1,550. Paid dividends, $5,000. Required:
A company's economic and non-economic transactions are recorded
in the company's accounting journal from which the debit and credit
balances of the company can be found
Please find attached the table showing the transaction descriptions, transaction effect and the balance after each transaction
The reason why the values in the table are correct is as follows;
Part of the question: The concluding parts of the question as obtained online is as follows;
a) Indicate the transaction and balance of each transaction
The transaction descriptions, effects and balances are as follows:
Cash: The money available as cash = 60,000 + 22,300 - 7,000 - 1,100 - 1,750 - 4,000 - 5,000 = 63,450Account Receivables: The amount due to the company not yet received = Bill to customers for managing rental property = $3,600Supplies: Amount of supplies on hand = $1,800 - $1,550 = $250Account payable: The amount to be paid for supplied goods and services = $1,800 - $1,100 = $700Common stock: The security held as the company owner(s) = Money with which the bank account was opened = $60,000Dividends: The amount paid as dividends = $5,000Fees Earned: The amount earned as fees = $22,300 + $3,600 = $25,900Rent Expense: Amount paid as rent = $7,000Salary Expense: The amount paid as salary = $4,000Supplies Expense: The cost of supplies = $1,550Automobile Expense: The amount used for automobile = $750Miscellaneous Expense: Miscellaneous expenses for goods and services = $1,000Please find attached the completed table created with MS Excel
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Which of these is most likely to be regarded as a capital expenditure rather than an operating expense?A.Property taxesB.Trash removalC.Insurance paymentsD.Roof replacement
The likelihood is that replacing a roof will be seen as a capital investment rather than an operational expense. Net operating income is computed after deducting capital expenditures.
What are some instances of capital expenditures?The assets bought via capital expenditures typically long-term investments with a useful life of at least one year. Purchases of real estate, machinery, equipment, land, computers, furnishings, and software are examples of capital expenditures.
What is a capital expenditure, exactly?A fixed firm asset, such as a house, place of business, or piece of equipment, is acquired, repaired, updated, or improved via capital expenditures (CapEx). A CapEx is distinct from a regular business, which is classified as an operating expenditure.
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convertible bonds meaning
Answer:
A convertible Bond is a fixed-income corporate debt security that yield interest payments but also can be converted into a predetermined number of common stock or equity shares
Earnings (net income) $ 189,000
Preferred stock (13,100 shares at $30 par, 4%) $ 393,000
Common stock (43,700 shares no par, market value $52) 514,000
Retained earnings 581,500
$ 1,488,500
Less: Treasury stock
Preferred (1,700 shares) $ 55,000
Common (1,700 shares) 30,000 85,000
Total stockholders’ equity $ 1,403,500
Required
a. Calculate the Stuart Company’s earnings per share ratio, price-earnings ratio and return on equity ratio
The earnings per ratio is 16.45%
The earnings-per-share ratio is calculated by dividing net income (before preferred dividends) by the total number of outstanding common stock shares. The price-earnings ratio illustrates the connection between the current market price and the current-period earnings per share.
Obtaining the earnings per share and the current share price to calculate the price-earnings ratio, which displays the market worth of the shares or how much investors are willing to pay for them.
Retained earnings 581,500
$ 1,488,500
Less: Treasury stock
Preferred (1,700 shares) $ 55,000
Common (1,700 shares) 30,000 85,000
Total stockholders’ equity $ 1,403,500
Earnings (net income) = $189,000
Preferred Dividend = $13,680 (13,100 - 1,700 x $30 x 4%)
Net income after preferred = $175,320
Earnings per share ratio = Net income/Number of common shares outstanding
= $175,320/(43,700 - 1,700)
= $4.17
Price-earnings ratio = Current market price/Earnings per share
= $52/$4.17
= 12.5x
Return on equity ratio = Net income after preferred dividend/Equity
= $175,320/$1,065,500 x 100
= 16.45%
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I NEED IT ASAP!!!!!!!
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered into it. If you are unable to insert a screenshot, then list the information below
b) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month
c) Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly expenses. How does an additional child impact the family budget and hourly wage? Which category was least affected by this change? Explain why you think there was little impact to this category
The main significance of a family budget estimator is that it helps to effectively manage money and helps the family to spend their money wisely on the things they needs.
What is a family budget estimator?This budget estimator helps to measures the income that a family needs in order to attain a modest yet adequate standard of living. The budgets also estimate the community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States.
Based on the attached image:
MONTHLY COSTS
••• adults and ••• children
••• 2 adults and 4 children
Union County, NJ
HOUSING ••• $1,731
FOOD ••• $1,142
CHILD CARE ••• $1,723
Transportation ••• $1,173
HEALTH CARE ••• $1,528
OTHER NECESSITIES ••• $1,159
TAXES ••• $1,411
Monthly Total ••• $9,865
Annual Total ••• $118,386
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Case Description
Tablets have become an ubiquitos part of our lives. The first models were launched in US in the year 2010.
Sales data is available for the first seven years (See below). As part of your analysis on the outlook for this industry:
a) How would you characterize the future for tablets? Are consumers crazy about this technology or are luke warm?
b) Prepare a five year forecast for this industry; has the market reached its peak (please identify the demand peak).
Please use the Bass Model Estimator provided. Use the spreadsheet tab called "Analysis Report"
Please clearly provide market size assumptions and justifications.
Year Annual Sales (Units Sold)
2010 3,000,000
2011 10,000,000
2012 25,000,000
2013 34,000,000
2014 39,000,000
2015 45,000,000
2016 51,000,000
Answer:
a) According to the published sales statistics, it appears that the initial release of tablets in 2010 was warmly accepted by customers, since sales increased quickly in the years that followed. With only a 13% rise in revenue from 2015 to 2016, the rate of growth has slowed recently. This shows that customer enthusiasm for the technology may be waning.
b) We will utilize the Bass Model Estimator available on the "Analysis Report" page to project sales over the following five years. The "coefficient of innovation" (p) of this model accounts for the number of customers who have embraced the technology as well as the number of potential consumers who have not yet adopted the technology but may be persuaded to do so.
Explanation:
A company that makes childcare products launches a series of health drinks for mothers under the same brand name. What kind of brand development is this?
A.
line extension
B.
brand extension
C.
price skimming
D.
price penetration
Answer:
brand extension
Explanation:
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Stitch Fix is an online personal styling service that was founded in 2011. This company combines computer algorithms with human stylists to deliver a personalized online shopping experience to customers through a subscription service. Users fill out a survey that outlines their style preferences and price range, then stylists hand-select clothing and ship it to the customers. Which of the following statements most likely does not represent an opportunity for Stitch Fix?
A. increasing life expectancy by 5 years.
B. increase in the company's efficiency due to improvements in the value chain.
C. global economic growth will reach 10% next year.
D. a growing population of environmentally conscious consumers.
Answer:
A
Explanation:
there is no correlation between the clothes been made for customers and an increase in life expectancy
The company's efficiency is increased as a result of tailoring customers clothes to be exactly what they want.
Also, Stitch Fix contributes to GDP as a result they can contribute to global economic growth
Which of the following activities also contributes to your financial success? Check all that apply. Self-awareness and knowledge of your own values, as well as attitudes and behaviors regarding money, spending, and saving. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you.
Answer:
The correct answers are the first, second and third options. All of them but the last one.
Explanation:
To begin with, when it comes to terms of financial success regarding someone personal matters, the majority of activities that can strength up those financial thoughts are the ones that improve yourself as a financial thinker, like the self-awareness and knowledge of the person's own values when it comes to money and its spending and saving because that will make the person see the importance of keeping it sometimes to spending it other times for better thing that can give him better future opportunities. Moreover, the development of an effective plan that shows to him how he must spend those saving and how he must control himself from the waste of money will also help as well as the fact that he knows and understand the conditions and circumstances that affect the local, national and international economy that will eventualy end up affecting the person's financial life.
The activities that contribute to financial success include the following:
A. Self-awareness and knowledge of your own values, as well as attitudes and behaviors regarding money, spending, and saving.
B. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments.
C. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances.
What is financial success?
Financial success involves making consistent financial efforts to achieve a better financial position.
Thus, to achieve financial success, one must not know the belief and behavior of other average people but must become self-aware, know the economic environments, and develop an effective plan.
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7. Adverse selection is a problem associated with equity and debt contracts
arising from
Adverse selection is a problem associated with equity and debt contracts arising from. (a) the lender's relative lack of information about the borrower's potential returns and risks of his investment activities
What is the best strategy to avoid paying interest on your credit cards?
A. Pay the minimum balance each month.
B. Have credit cards from two different banks.
C. Make payments online.
D. Pay the full balance each month.
A company's prospectus includes:
A) The company's investment options......
B) The company's guaranteed return strategy
C) The company's revenue and net worth.
D) The company's research..
Answer:
D)
Explanation:
cause they require a background of the company like the name of the company, what they do, age of the company, management experience, and the managements involvement in the buisness.
A cement manufacturer has supplied the following data:
Tons of cement produced and sold 235,000
Sales revenue $1,010,500
Variable manufacturing expense $416,000
Fixed manufacturing expense $275,000
Variable selling and administrative expense $54,000
Fixed selling and administrative expense $215,000
Net operating income $50,500
Required:
What is the company's unit contribution margin?
Answer:
$2.3 per unit
Explanation:
Calculation for company's unit contribution margin
First step is to calculate the Contribution margin using this formula
Contribution margin = Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses
Let plug in the formula
Contribution margin = $1,010,500 - $416,000 - $54,000
Contribution margin = $540,500
Now let calculate the Contribution margin per unit using this formula
Contribution margin per unit = Contribution margin / Cement tons
Contribution margin per unit = $540,500 / 235,000
Contribution margin per unit =$2.3 per unit.
Therefore company's unit contribution margin is $2.3 per unit
Explain at least six ways in which effective management practices may contribute the success of a business
Answer:
Effective management practices can contribute to the success of a business in several ways:
1. Setting clear goals and objectives: Effective managers set clear, measurable goals and objectives for their team, which helps to ensure that everyone is working towards the same target.
2. Planning and organizing: Effective managers plan and organize work tasks and resources effectively, which helps to ensure that the business is running smoothly and efficiently.
3. Leading and motivating: Effective managers are able to lead and motivate their team to work towards the goals of the business. This can include setting a positive example, providing feedback and support, and recognizing and rewarding good performance.
4. Communicating effectively: Effective managers are able to communicate clearly and effectively with their team, customers, and other stakeholders. This helps to ensure that everyone is on the same page and working towards the same goals.
5. Managing finances: Effective managers are able to manage the financial resources of the business effectively, including setting budgets, forecasting profits and losses, and making strategic financial decisions.
6. Solving problems: Effective managers are able to identify and solve problems that may arise in the course of business operations. This can include finding creative solutions to challenges and making quick, decisive decisions.
I hope this helps! Let me know if you have any other questions.
EXTRA:
Building strong relationships: Good managers know how to build and maintain strong relationships with their team, customers, suppliers, and other stakeholders. This can help create a positive work environment and lead to long-term partnerships and opportunities for the business. Good luck!
Abbott Company purchased $8,500 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements?
This transaction will affect the financial statement by: Increase inventory and increase accounts payable.
Financial statement:Assuming the company purchased merchandise inventory on account of the amount of $8,500 using the perpetual inventory method the effect of the transaction on the financial statement is: Inventory will increase by $8,500 and accounts payable will increase by $8,500.
The company inventory will increase due to the purchase they made while the company accounts payable will increase because the company purchased the goods on credit which simply means that they are yet to pay their suppliers.
Inconclusion this transaction will affect the financial statement by: Increase inventory and increase accounts payable.
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When writing a sales message in which price is an issue, what can you do to reduce resistance? Check all that apply.
Answer:
1. Explain your pricing structure
2. Focus on the value of your product or service
3. Compare your prices to the competition
4. Offer a discount or free trial
5. Give away free gifts or prizes.
These all sound like great ways to reduce resistance. However, it is always important to be honest and transparent in all marketing and sales messages. If you cannot offer a free trial or discount, then don't.
Explanation:
The graph shows the cost and revenue curves for a monopoly that produces teddy bears. The letters in the graph represent the enclosed areas.
If the monopolist charges a single price for teddy bears, which of the following describes an accurate outcome?
If the If the monopolist charges a single price for teddy bears, the accurate outcome would be: Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e). Option D is correct
What is meant by consumer surplus?Consumer surplus, which serves as a gauge of consumer welfare, is the difference between a product's social value and its actual purchase price.
When a product's market price is higher than the consumer's willingness to pay for it, a surplus is created. The economic concept of marginal utility, or the additional enjoyment one receives from consuming one more unit of a good or service, is the foundation of consumer surplus.
Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. The marginal benefit of each unit of consumption for a consumer is also represented by each price along a demand curve.
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The consumer surplus equals area (a), the producer surplus equals area (c), and the deadweight loss equals area (b+d+e).
The consumer surplus equals area (b), the producer surplus equals area (c+d), and the deadweight loss equals area (d+e).
The consumer surplus equals area (a+b) the producer surplus equals area (c), and the deadweight loss equals area (e+f).
Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e).
The consumer surplus equals area (a), the producer surplus equals area (c+f), and the deadweight loss equals (b+d+e).
I pasted the file. I need help on the variable step.
The company needs to produce and sell at least 38 cases of Eternal Beauty lotion per month to break even.
The fixed and variable portions of the utility costThe high and low points are the months with the highest and lowest production levels, respectively.
The change in cost is $140 i.e. ($740 - $600), and the change in activity is 1,200 - 500 = 700 cases.
The variable cost per unit of activity is:
Variable cost per unit = Change in cost / Change in activity
Variable cost per unit = $140 / 700 cases
Variable cost per unit = $0.20 per case
To find the fixed cost component, we can use the total cost equation:
Total cost = Fixed cost + (Variable cost per unit * Activity level)
Using the high or low point, we can solve for the fixed cost:
$740 = Fixed cost + ($0.20 * 1,200)
Fixed cost = $500
Therefore, the fixed and variable portions of the utilities cost are:
High Point Low Point
Variable cost per unit $0.20 $0.20
Total fixed cost $500 $500
Total cost $740 $600
The contribution margin per caseThe contribution margin per case is the amount of revenue per case minus the variable costs per case.
The revenue per case is the selling price minus the selling commission:
Revenue per case = Selling price - Selling commission
Revenue per case = $100 - $20
Revenue per case = $80
The variable costs per case are the sum of the direct materials and direct labor costs:
Variable costs per case = Direct materials per case + Direct labor per case
Variable costs per case = $17.00 + $7.20
Variable costs per case = $24.20
Therefore, the contribution margin per case is:
Contribution margin per case = Revenue per case - Variable costs per case
Contribution margin per case = $80 - $24.20
Contribution margin per case = $55.80
The fixed costs per month, including the utility fixed costThe fixed costs per month include the fixed portion of the utilities cost, as well as the facility lease, equipment depreciation, and supplies:
Utilities cost (from part 1) = $500Facility lease = $14,000 / 12 = $1,166.67Equipment depreciation = $4,300 / 12 = $358.33Supplies = $660 / 12 = $55.00So, we have
Total fixed costs = $500 + $1,166.67 + $358.33 + $55.00 = $2,080.00
The break-even number of casesThe break-even number of cases per month can be calculated using the following formula:
Break-even cases = Fixed costs / Contribution margin per case
Substituting the values from parts 2 and 3:
Break-even cases = $2,080 / $55.80
Break-even cases = 37.28
Therefore, the break-even number of cases per month is 38 (rounded up to the nearest whole number).
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Kai and Ivy Harris have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Kai and Ivy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $200,000?
The amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).
Kai and Ivy can obtain a home equity credit line of $67,500. The tax-deductible interest would depend on their itemized deductions.
Kai and Ivy Harris have an appraised value of $180,000 on their home and a mortgage balance of $90,000. An S&L is willing to lend money at a loan-to-value ratio of 75 percent.
They are inquiring about the size of the home equity credit line they may get and the amount, if any, that is tax-deductible interest if their house originally cost $200,000.
Therefore, the amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).
They can borrow up to 75 percent of the appraised worth of their home, or $135,000 ($180,000 x 0.75).
Since they still owe $90,000 on their mortgage, they can borrow up to $45,000 ($135,000 - $90,000) in equity on their home and qualify for tax-deductible interest.
The amount of interest that qualifies as tax-deductible is determined by the IRS.
They can be charged interest on up to $45,000 in debt secured by their house under current tax law, assuming they use the home equity credit line for home improvements.
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When third-party ownership is involved, applicants who also happen to be the stated primary
beneficiary are required to have:
all statements be warranties
insurable interest in the proposed insured
the agent complete a third-party application
all those involved be family related
Answer:
insurable interest in the proposed insured
Explanation:
In the case when third-party ownership is included so the applicants are treated as the beneficiary and then needed to have an insurable interest.
The information regarding the third-party ownership should involve the following things:
It refers to the situation where the third party should invest in the economic rights for receiving the share of any type of future transfer.And at the time when the third party is treated as the beneficiary so it should have an insurable interest in the upcoming insured.So, the other options are incorrect.
Therefore we can conclude that In the case when third-party ownership is included so the applicants are treated as the beneficiary and then needed to have an insurable interest.
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Economists use changes in GDP to measure ___
the balance of trade with other countries.
any economic growth or shrinkage.
the causes of unemployment.
the distances between cities.
The people who study, analyses, practices theories of economics and formulate economic policies are called economists. Gross domestic product (GDP) is the main issue that concerns economists.
The correct option is:
Option B. any economic growth or shrinkage.
This can be explained as:
GDP is a measure that economist uses for measuring the economy of a nation at a given period.It estimates the goods and commodities imported and exported by a country at a given period and depicts the value in American dollars.This estimation tells about the economical state of the country and the financial status.Therefore, economic shrinkage and growth are measured as a change in GDP.
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Answer:
any economic growth or shrinkage.
Explanation:
The answer above is correct.
Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions. (a) The stock had a par value of $5 per share and was issued for a total of $52,000. (b) The stock had a stated value of $5 per share and was issued for a total of $52,000. (c) The stock had no par or stated value and was issued for a total of $52,000. (d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000. (e) The stock had a par value of $5 per share and was issued for land worth $52,000.
Answer:
The journal entries will as under the explanation below.
Explanation:
(a) The stock had a par value of $5 per share and was issued for a total of $52,000.
Account Name Dr ($) Cr ($)
Cash 52,000
Common stock (2,000 * 5) 10,000
Paid in capital in excess of per value 42,000
(To record common stock issued in excess of par value.)
(b) The stock had a stated value of $5 per share and was issued for a total of $52,000.
Account Name Dr ($) Cr ($)
Cash 52,000
Common stock (2,000 * 5) 10,000
Paid in capital in excess of stated value 42,000
(To record common stock issued in excess of stated value.)
Note: The stated value is used for internal accounting purpose when there is no par value for the stock.
(c) The stock had no par or stated value and was issued for a total of $52,000.
Account Name Dr ($) Cr ($)
Cash 52,000
Common stock 52,000
(To record common stock issued that had no par or stated value.)
Note: When stock had no par or stated value, the total proceeds from the issue becomes the legal capital.
(d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.
Account Name Dr ($) Cr ($)
Attorney service expenses 52,000
Common stock (2,000 * 5) 10,000
Paid in capital in excess of per value 42,000
(To record common stock issued to attorneys for services at a premium.)
(e) The stock had a par value of $5 per share and was issued for land worth $52,000.
Account Name Dr ($) Cr ($)
Land (Fair value) 52,000
Common stock (2,000 * 5) 10,000
Paid in capital in excess of per value 42,000
(To record common stock issued for land at a premium.)
Based on the information the appropriate journal entries for issuance under the given transactions are:
Osage Corporation Journal entries
a. Debit Cash $52,000
Credit Common Stock $10,000
(2,000 x $5 )
Credit Paid in capital in excess of par value -Common Stock $42,000
($52,000-$10,000)
b. Debit Cash $52,000
Credit Common Stock $10,000
(2,000 x $5 )
Credit Paid in capital in excess of par value -Common Stock $42,000
($52,000-$10,000)
c. Debit Cash $52,000
Credit Common Stock $52,000
d. Debit Incorporation Expense $52,000
Credit Common Stock $10,000
(2,000 x 5 )
Credit Paid in capital in excess of par value -Common Stock $42,000
($52,000-$10,000)
e. Debit Land $52,000
Credit Common Stock $10,000
(2,000 x 5 )
Credit Paid in capital in excess of par value -Common Stock $42,000
($52,000-$10,000)
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Help! I need to match the type of information with the section of the business plan it fits in.
Suppliers who provide the goods and services your business needs to operate
Why is it so important to do competitive analyses?The objective of a competition analysis is to uncover any market gaps and to comprehend your competitors' advantages and disadvantages in comparison to your own. An essential part of any business strategy is the competitor analysis because it will help you refine your own.
A financial analysis is exactly what?Financial analysis is the word used to describe an assessment of the viability, stability, and profitability of a project, a sub-project, or a firm. It is completed by professionals that compile reports utilizing ratios and other approaches, utilizing information from financial statements and other reports.
How will your business stand out from the competition in terms of both products and services?- Goals and StrategyMission Statement- Oragnizationsuppliers that your business uses to create its goods- Product and servicesThe sum of money required to launch the business- Funding request An overview of your rival- Competitive AnalysisYour advertising plan- Marketing and SalesThe company's financial history- Financial AnalysisThe outline of the requirements and preferences of your potential clients- Market Analysisa list of the company's departments- Executive SummaryLearn more about Financial analysis: https://brainly.com/question/14234253
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Karane Enterprises, a calendar-year manufacturer
Karane generated taxable income in 2018 of $1,732,500 for purposes of computing the 179 expense.
What is income?The amount of money, property, and other transfers of value obtained over a predetermined period of time in return for services or goods are often referred to as "income."
Income is defined in accordance with the context in which the word is employed; there is no single, universal definition. Income from the selling of goods or services is one type of business income that is permissible.
For instance, a person's fees from the regular practice of a profession are considered business revenue. Rent payments made by a real estate investor are considered
business revenue.
Income is the cash that a person or organization receives in return for working, producing a good or service, or using capital.
People normally make money through wages or salaries, whereas corporations make money by selling goods or services for more than it costs to produce them.
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