Loan modification is when you alter mortgage terms in an attempt to keep borrowers from foreclosure. It is a process in which the lender and the borrower mutually agree to modify the existing loan terms to make it more affordable and sustainable for the borrower.
The goal of loan modification is to prevent foreclosure by restructuring the mortgage in a way that lowers the monthly payments, reduces the interest rate, extends the loan term, or provides other modifications that alleviate the borrower's financial burden.Typically, loan modifications are considered when borrowers are facing financial hardships, such as unemployment, reduced income, or significant medical expenses. By modifying the mortgage terms, lenders aim to make the monthly payments more manageable for the borrowers, enabling them to avoid foreclosure and remain in their homes.
Loan modifications can involve various adjustments to the mortgage terms, including principal forgiveness, interest rate reductions, loan term extensions, or changing from an adjustable-rate mortgage to a fixed-rate mortgage. The specific modifications depend on the individual circumstances and the policies of the lending institution.
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If the economy is initially in equilibrium at full employment real GDP (QN), and a stock market crash reduces household wealth and lowers investor confidence, ceteris paribus, the ____________ curve will shift to the ____________ resulting in a ____________ price level (P), ____________ output/real GDP level (Q), and ____________ unemployment level (U).
Answer: aggregate demand; left; lower; lower; higher
Explanation:
If the economy is initially in equilibrium at full employment real GDP (QN), and a stock market crash reduces household wealth and lowers investor confidence, ceteris paribus, the (aggregate demand) curve will shift to the (left) resulting in a (lower) price level (P), (lower) output/real GDP level (Q), and (higher) unemployment level (U).
It should be noted that the crash in the stock market will lead to lesser funds in the economy and lessee funds with households and this will lead to reduction in the demand for goods which will shift the demand curve to the left.
aggregate demand; left; lower; lower; higher
Microeconomics looks at the ______
relationship between consumers and
producers and how this relationship affects the economy.
Answer:
economy
Explanation:
Microeconomics examines the economic relationship between producers and consumers and its impact on the economy.
Microeconomics refers to the study of decision-making by individuals and businesses, while macroeconomics focuses on the decisions made at the national and governmental levels.
As consumers require goods and services, producers aim to make a profit from providing them.
The economic choices are influenced by factors such as prices, demand, and supply. Ultimately, determining the cost of products and services is the responsibility of both parties involved.
The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Therefore, the economic relationship is the correct answer.
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jarvis company leased a machine to stark, inc. on january 2, year 1, for five years. equal annual payments of $10,000 are due on december 31. the list selling price of the machine is $45,000, and its carrying value on jarvis' books is $30,000. the lease is appropriately accounted for as a sales-type lease. the present value of the lease payments is $42,120. what amount of profit on the sale should jarvis report for the year ended december 31, year 1?
The carrying value of the machine at December 31, 2020 on the lessee's books will be $28,080 (option a).
To calculate the carrying value, we need to determine the amount of lease liability that has been reduced through payments made by the lessee.
1: Calculate the present value of lease payments:
- Annual lease payment: $10,000
- Interest rate: 6%
- Number of periods: 5
- Present value of ordinary annuity of $1 at 6% for 5 periods: 4.212
- Present value of lease payments: $10,000 x 4.212 = $42,120
2: Calculate the reduction in lease liability:
- Lease term: 5 years
- Number of years from January 1, 2019 to December 31, 2020: 2 years
- Lease liability reduction: $42,120 x (2/5) = $16,848
3: Calculate the carrying value of the machine at December 31, 2020:
- Cost of the machine: $30,000
- Depreciation per year: $30,000 / 6 = $5,000
- Accumulated depreciation after 2 years: $5,000 x 2 = $10,000
- Carrying value of the machine: $30,000 - $10,000 = $20,000
4: Adjust the carrying value for the reduction in lease liability:
- Carrying value of the machine at December 31, 2020: $20,000 - $16,848 = $3,152
Therefore, the carrying value of the machine at December 31, 2020 on the lessee's books will be $28,080 (option a).
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Solve for the equilibrium price and quantity for the following sets of demand and supply equations (2 points each):
Demand:P=15− Supply: P = 3 +
Demand:=66−3P Supply: = 2P − 4
1. Equilibrium Price: $9, Equilibrium Quantity: 6 units.
2. Equilibrium Price: $15, Equilibrium Quantity: 17 units.
1. For the first set of equations:
Demand: P = 15 - Q
Supply: P = 3 + Q
To find the equilibrium price and quantity, we need to equate the demand and supply equations:
15 - Q = 3 + Q
To solve for the equilibrium quantity, we can rearrange the equation as follows:
2Q = 12
Q = 6
Substituting the value of Q back into either the demand or supply equation gives us the equilibrium price:
P = 15 - Q
P = 15 - 6
P = 9
Hence, the equilibrium price is $9, and the equilibrium quantity is 6 units. At this price, the quantity demanded by consumers matches the quantity supplied by producers, resulting in a market equilibrium.
2. For the second set of equations:
Demand: Q = 66 - 3P
Supply: Q = 2P - 4
We'll equate the demand and supply equations to find the equilibrium price and quantity:
66 - 3P = 2P - 4
To determine the equilibrium price, we solve for P:
5P = 70
P = 14
Substituting the value of P into either the demand or supply equation gives us the equilibrium quantity:
Q = 66 - 3P
Q = 66 - 3(14)
Q = 66 - 42
Q = 24
Therefore, the equilibrium price is $14, and the equilibrium quantity is 24 units. At this price, the quantity demanded equals the quantity supplied, establishing market equilibrium.
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which of the following is not a determinant of the long-run level of real gdp? a. available technology b. the price level c. available stock of human capital d. the amount of capital used by firms
The option that is not a determinant of the long-run level of real GDP is option b. the price level.
How does real GDP work?
Real GDP is a metric that takes inflation into account and examines the rate at which all goods and services produced in a nation for a specific year. It is referred to as a fixed cost price and is indicated in foundation year prices.
Hence, the elements that influence real GDP are:
Household wealth and income.fiscal management.Exchange rate, monetary policy.Global economic expansionBusiness self-assurance.confidence among consumersLearn more about real GDP from
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Drag the tiles to the correct boxes to complete the pairs.
Match the different resources to the scenarios where they are used.
natural resources
human resources
man-made resources
entrepreneurship
A power plant uses an Industrialdesign power generator to generate large-scale
electricity for the neighborhood.
A power plant uses coal to heat water and then converts it into steam, which
then turns the turbines.
>
A power plant is set up by a group of industrialists as they come together to
solve the power crisis in their nelghborhood.
A power plant employs local workers who work in shifts to keep the plant
running for most of the day.
Answer:
1. Man-made
2. natural resources
3. entrepreneurship
4. Human resources
Explanation:
Natural resources are those which are present in the environment and are limited in number.
The man-made resources are those where a power generator is used to initiate the electricity on large scale.The natural resources are those where the water is heated from coal and then converting it to steam for running the turbines.The entrepreneurship is represented when the industrialists come together to solve the power crisis of their own neighborhood.The human resources are those where the workers are working in shifts to keep their plants in running condition.Therefore, the given resources are matched with the scenarios in which they are used.
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All of the following is a capital resource EXCEPT
a pickup truck
a factory
lumber
employees
Answer:
employees
Explanation:
This is because employees are classified as labor not capital
Answer:
d. employees
Explanation:
Julian buys plants and flowers every month. Both are normal goods. When the price of flowers fell, Julian purchased fewer plants. Which of the following statements is true for Julian regarding the income effect and the substitution effect
When the price of flowers fell, Julian purchased fewer plants. Julian regarding Substitution effect was stronger.
What is the Substitution Effect ?Substitution Effect is the change in the quantity of a good that a consumer demands when the good's price rises, holding other prices and the consumer's utility constant.
The substitution effect happens when consumers replace cheaper items with more expensive ones due to price changes or when their financial conditions improve, and vice-versa.
The substitution effect (SE) is derived from a product's price variation, together with the income effect (IE).
If the price of a product rises, demand of the product decreases (law of demand) because consumers will switch and demand a substitute good instead, as such goods would allow them to satisfy the same individual need of preference (that is the ultimate objective when making a purchase).
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It’s in the picture pleaseee I need this today
Answer:
Can you please post a clearer picture
Explanation:
If you can I might be able to help.
Critique the following statement: “Safety is not important in offices or retail workplaces.”
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
The answer the site said after I took it
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
Sample answer; edge 2021
Company X prepares financial statements to 31 May each year. On 31 May 2019 , the company acquired land for GHS400,000. This land was revalued at GHS450,000 on 31 May 2020 and at GHS 375,000 on 31 May 2021. (b) Company Y prepares financial statements to 30 June each year. On 30 June 2019, the company acquired land for GHS600,000. This land was revalued at GHS540,000 on 30 June 2020 and at GHS620,000 on 30 June 2021. Assuming that both companies use the revaluation model, explain how each revaluation should be dealt with in the financial statements. Ignore depreciation.
Previous question
The revaluation of assets is a technique used by companies to improve the carrying value of their assets to reflect their present market value. The carrying value is the sum of the initial cost of acquiring an asset, along with any depreciation incurred.
If a company's asset's present market value exceeds its initial acquisition cost, the asset can be revalued to its present market value. The revaluation model is an accounting technique for recording the valuation of assets in a company's financial statements, using the asset's fair value at the revaluation date.
If a company revalues its assets, it must report the revaluation gain or loss on its income statement. Companies are required to revalue their assets at regular intervals to ensure that the assets' carrying value on the financial statements is reasonable.
Revaluation gains and losses are accounted for in the same way as realized gains and losses in financial statements. The solution to the given question is as follows:
Company X is preparing financial statements to 31 May each year. On 31 May 2019, the company acquired land for GHS400,000.
This land was revalued at GHS450,000 on 31 May 2020 and at GHS375,000 on 31 May 2021.
If Company X uses the revaluation model, it will record the asset's initial cost of acquisition as GHS 400,000 and subsequently adjust the carrying value to GHS 450,000, recognizing a revaluation gain of GHS 50,000 in its financial statements.
However, when the land was revalued at GHS 375,000 on May 31, 2021, the company recorded a revaluation loss of GHS 75,000 since the carrying value of the land decreased from GHS 450,000 to GHS 375,000.
The financial statements would show a revaluation loss of GHS 75,000.
B. Company Y is preparing financial statements to 30 June each year. On 30 June 2019, the company acquired land for GHS 600,000. This land was revalued at GHS 540,000 on 30 June 2020 and at GHS 620,000 on 30 June 2021.
If Company Y uses the revaluation model, it will record the asset's initial cost of acquisition as GHS 600,000 and subsequently adjust the carrying value to GHS 540,000, recognizing a revaluation loss of GHS 60,000 in its financial statements.
However, when the land was revalued at GHS 620,000 on June 30, 2021, the company recorded a revaluation gain of GHS 80,000 since the carrying value of the land increased from GHS 540,000 to GHS 620,000. The financial statements would show a revaluation gain of GHS 80,000.
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Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who _____. a. has good communication skills b. has a positive attitude c. does their share of the work d. All of the above
Answer:
D: All of the above
Explanation: Because she can tell each person what specific thing she wants them to do.
Have a nice day!!
Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who has good communication skills, has a positive attitude and does their share of the work. Hence, option D is correct.
What is communication skills?Communication is the capacity to effectively transmit or exchange ideas and thoughts. Many experts agree that good communication skills require delivering messages without misleading or deceiving others. Communicating clearly with a range of people from different backgrounds.
Communication skills are the abilities you employ when providing and receiving various forms of information. Examples include sharing original ideas, feelings, or even a project update. The four Cs of communication are compassion, compassion, compassion, and compassion.
Thus, option D is correct.
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Suppose the market demand for pizza is given by Qd = 300 - 20p and the market supply for pizza is given by Qs = 20p - 100, where P = price (per pizza). In equilibrium, how many pizzas would be sold and at what price?
In equilibrium, 100 pizzas would be sold at a price of $10 per pizza.
Setting market supply and demand equally would result in equilibrium, which would determine the quantity of pizzas sold and their price. Therefore, to get the equilibrium price per pizza, we can use the following equation:
100p - 20p = Qd = Qs300 40p = 400p = 10 is the result of solving for p.Pizza's equilibrium cost is therefore $10 per pie.
By adding the equilibrium price to the market demand or market supply equation, we can now get the equilibrium number of pizzas. Use the market demand equation as an example:
Qd = 300 - 20pQd = 300 - 20(10)Qd = 300 - 200Qd = 100Pizzas must therefore be in an equilibrium quantity of 100. In conclusion, 100 pizzas would be sold at a price of $10 each in an equilibrium situation.
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TRUE / FALSE. consider the following production possibilities frontier model for an economy that produces only two goods: alfalfa and laptops.
False.
The statement you provided is incomplete. The production possibilities frontier (PPF) model depicts the different combinations of two goods that an economy can produce efficiently given its available resources and technology. However, without specific information or the actual PPF graph, it is not possible to determine whether the model includes alfalfa and laptops as the two goods.
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In 2004, the number of credit card and debit card transactions were quite similar. By 2018, they had very different usage. What do you think caused the variance in growth?.
34% of Americans use credit cards for these kinds of everyday purchases. 71% of Americans who say they mostly use debit cards for everyday purchases have been in credit card debt at one point or are still in credit card debt.
Which of the following is a benefit of using a debit card?
Like a check or cash, you can easily access your money. Your account is debited for the purchase amount. If the card is reported missing before it is used, liability is limited to nothing under federal law. Overdraft and maintenance fees may apply monthly.
Debit cards and checks are not money. They are instructions to the bank for moving funds between accounts. Money is not what a credit card is. It's an identification card that lets you borrow money.
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Can you think of a bad decision from your own school or work experience, or from recent business or political news stories, that was made in an effort to correct or justify a past decision?
Answer:
Explanation:
Personal Experience:
One time I had to turn in an assignment for the company that I worked for which needed to be done and turned in by the end of the workday. I failed to do so due to family issues. This assignment was incredibly important and failure to turn it in would have cost the company a lot of money. So I stayed up all night and finished the assignment. I ended up breaking into the office in the middle of the night to turn it in before the boss found out. It was a bad decision since I could have gotten arrested or fired.
True/False
1. A thank you note sent after a job interview will serve as a reminder to those people you met.
2. When giving the time of your emploment on your resume, be sure to specify only the year of starting and ending of each job.
3. If an interviewer asks you what your weakness are, you should think for a moment before answering.
4. To prevent discrimination, all applicants for a job should be asked the same questions during an interview.
A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
What is an interview for a job?A job interview is known to be a kind of conversation tak that is said to occurs between a said and potential employer and that of a job applicant.
Note that During the job interview, the employer is one who has a lot of opportunity to appraise any kind of applicant's qualifications, as well as their appearance and full fitness in regards to the job opening.
Hence, A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
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your thoughts on copy right laws. What does it protect, who does it protect and what could happen if a copy right law is broken?
Answer:
I am not really sure but I believe copyright protects an idea that somebody created on their own. I don't believe it's a person though. Like for example in movies they issue a copyright so that other people couldn't. make that movie just by a little different in the story. Or songs so that people don't take the lyrics or the beat. The punishment is just paying a fine but it could be a big amount (how ever the court sees fit)
what minimum qualifications should an auditor and a finance manager posses?
Explanation:
bachelor's degree is preferred subjects like accounting, economics, finance or business administration is frequently the minimum education required for financial managers. However, many employers now search for candidates with a master's degree, preferably in business administration, economics or finance.
hope it helps
mark me as brainliest please
suppose that the government establishes a price floor of $4.60 for wheat. what will be the main effects of this price floor?
A price floor of $4.60 for wheat established by the government would likely have several main effects. One possible effect is that it would increase the quantity supplied of wheat, as farmers would be able to sell their wheat at a higher price.
However, as the price floor is above the market equilibrium price, it would also likely increase the quantity demanded for wheat. This would create a surplus of wheat, as the quantity supplied would be greater than the quantity demanded. As a result, the government may have to purchase and store the surplus wheat. Additionally, this could also lead to decreased incentives for farmers to produce wheat and could lead to higher food prices for consumers.
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fid the higest common factor of
21a²b and 49ab²
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
Mark Cotteleer owns a company that manufactures canoes. Actual demand for Mark's canoes during each season in 2009 through 2012 was as follows:
Year Season 2009 2010 2011 2012
Winter 1,400 1,280 1,080 960
Spring 1,520 1,420 1,640 1,540
Summer 1,020 2,120 2,000 1,960
Fall 600 750 670 520
Mark has forecasted that annual demand for his canoes in 2014 will equal 6,000 canoes. Based on this data and the multiplicative seasonal model, the demand level for Mark's canoes in the spring of 2014 will be ___ canoes (enter a whole number).
The demand level for Mark's canoes in the spring of 2014 will be 1,640 canoes.
How to explainThis is based on the multiplicative seasonal model, which uses the following formula to calculate demand:
Demand = Annual demand * Seasonal factor
The annual demand for canoes in 2014 is forecasted to be 6,000 canoes. The seasonal factor for spring is 1.64, which is calculated by dividing the actual demand for canoes in the spring of each year by the annual demand.
Therefore, the demand level for Mark's canoes in the spring of 2014 will be 6,000 * 1.64 = 1,640 canoes.
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why is the shareholder's basis in the new stock received in a corporate reorganization the value of the stock received less the postponed gain
The shareholder's basis in the new stock received in a corporate reorganization is the value of the stock received less the postponed gain because it reflects the economic reality of the transaction.
In a corporate reorganization, the shareholder is exchanging their old stock for new stock, which has a different value and potentially different rights and privileges. The postponed gain represents the difference between the old stock's basis and its fair market value, which was deferred due to the exchange.
By subtracting the postponed gain from the value of the new stock, the shareholder's basis in the new stock is adjusted to reflect the actual economic value of the transaction. This ensures that the shareholder's tax liability is based on the real gain or loss realized in the exchange.
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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under ifrs, how do you prepare the statement of comprehensive income?
Under IFRS, the statement of comprehensive income is prepared in two sections: the income statement and the statement of other comprehensive income (OCI). To prepare this statement, follow these steps:
1. Start with the income statement: Calculate revenues, cost of goods sold, and gross profit. Then, subtract operating expenses to arrive at operating profit. Deduct financial costs, and include non-operating income and expenses to compute profit before tax. Finally, subtract tax expenses to get net profit or loss.
2. Proceed to the statement of OCI: Identify and list items not included in the income statement, such as unrealized gains/losses on financial instruments, actuarial gains/losses on pension plans, foreign currency translation adjustments, and revaluation surplus of property, plant, and equipment. Calculate the total OCI, taking into account tax effects.
3. Combine the net profit or loss from the income statement with the total OCI to arrive at the comprehensive income for the period. Present both sections in a single continuous statement, or present the OCI as a separate statement following the income statement.
Ensure compliance with IFRS guidelines and disclosure requirements for accuracy and transparency.
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How do you make a resume for getting a job?
Answer:
on docs there's a template and you just fill in and do what u need to do on the template
Explanation:
The government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget.
Use the graph below to answer the questions.
------------------------------------------------------------------------------
The per-unit tax has generated total tax revenue of:
Multiple Choice
-$1 million
-$2 million
-$5 million
-$10 million
-$12 million
------------------------------------------------------------------------------------------
The deadweight loss created by the per-unit tax is equal to the area
Multiple Choice
-AKB
-KBC
-ACM
-ABL
-ABC
The per-unit tax has generated total tax revenue of D. $10 million.
The deadweight loss created by the per-unit tax is equal to the area D. ABL.
What is the tax generated ?The tax generated is:
= 5 x 2 burden on producers and consumers
= $ 10 million
What is Deadweight loss?Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is not Pareto optimal.
The deadweight loss is the area of ABL, This is because Deadweight loss can be calculated as the area between the supply and demand curves from the socially efficient level of production to the new equilibrium.
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When does the demand curve shift to the right?
The demand curve shifts to the right when the demand for a good or service increases. This increase can be caused by a number of factors, such as a decrease in the price of substitute goods, an increase in income, or an increase in the population.
For example, if the price of a substitute good decreases, consumers may switch to the original good and increase its demand. Similarly, an increase in income can lead to increased demand because consumers have more disposable income to purchase a given good or service. Finally, an increase in population is likely to lead to an increase in demand because there are more people who have a potential interest in that good or service.
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T/F: a worksheet is an external document that forms a part of the financial statements.
False. A worksheet is not an external document that forms a part of the financial statements.
In accounting, a worksheet is a document used to assist accountants in the preparation of adjusting entries and financial statements. It is not a legal or formal declaration, but rather a set of working papers that accounting professionals use to help create accurate financial statements and adjusting journal entries that are needed for accuracy and compliance with accounting principles. The worksheet typically consists of a set of columns and rows to track the individual accounting transactions that take place over the course of an accounting period, such as a quarter or a fiscal year. As the period comes to an end, the worksheet is used to compile this data into the financial statements. A worksheet is not a part of the financial statements; it is only a tool utilized in their preparation.
A worksheet is a working document used in the preparation of accounting records and financial statements. It is not an external document that forms part of the financial statements.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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