Question 38 Not yet answered Marked out of 2.50 Flag question During a round of golf, Smith, CFO of ABC Inc., mentions to Jones, a local investment adviser, and a long-time personal friend, that ABC Inc. is having an exceptional sales quarter. Smith expects the results to be almost 10% above the current estimates. The next day, Jones initiates the purchase of a large stake in the local exchange-traded fund (ETF) for her personal account. ABC Inc. comprises a significant proportion of this ETF. Pick the best option from below. a. Jones violated the CFA Code of Ethics and Professional Standards by investing in the exchange traded fund that included ABC Inc. b. Jones did not violate the CFA Code of Ethics and Professional Standards because she did not invest directly in the securities of ABC Inc. c. Smith did not violate the CFA Code of Ethics and Professional Standards because the comments made to Jones were not intended to solicit an investment in ABC Inc.
Answers
The best option is c) "Smith did not violate the CFA Code of Ethics and Professional Standards because the comments made to Jones were not intended to solicit an investment in ABC Inc."
The best option from the given choices is:
c. Smith did not violate the CFA Code of Ethics and Professional Standards because the comments made to Jones were not intended to solicit an investment in ABC Inc.
In this scenario, Smith, the CFO of ABC Inc., simply mentioned to Jones, a personal friend and investment adviser, that the company is having an exceptional sales quarter. Smith did not specifically solicit an investment from Jones or provide any insider information. Therefore, Smith did not violate any ethical standards.
As for Jones, it is not explicitly stated that she traded based on the information shared by Smith. Additionally, Jones invested in an ETF, not directly in the securities of ABC Inc. Therefore, it can be assumed that Jones did not violate the CFA Code of Ethics and Professional Standards.
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Related Questions
how do payday loans differ from other types of loans?
Answers
Payday loans differ from other types of loans in many ways. One of how payday loans differ from other types of loans is the duration of repayments.
This is because, unlike other types of loans, the payday loans repayment period is usually shorter. For payday loans, there is usually a minimum of a month to a maximum of 24 months.
On the other hand, other types of loans take more years to repay. For example minimum of 2 years to repay the personal loan.
Some other differences between payday loans and personal loans include the following:
Payday loans usually don't require collateral, while other loans demand collateral.Payday loan interest rates are usually higher, but other types of loans has interests rates fall within normal banking interest rates.Payday loans are not offered by traditional banks, while other loans offered by traditional banks.Payday loans are usually small, between $100 to $10,000, while other loans can run into millions.Hence, in this case, it is concluded that payday loans are in many ways differs from other types of loans.
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Look at the following email (attached). Name two good email netiquette practices used in the
email. Name two poor email netiquette practices
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Two good email etiquettes practices used in email are:
Inserting a SubjectKeep the email short and restricted to three paragraphs.Two bad email etiquettes used in the email above are:
Indiscriminate use of the exclamation markDiscussing personal issues in a formal email.What are email etiquettes?The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.
Five useful E-mail Etiquette are:
Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.Proper greetings and closing statements should be used.Format correctly.Avoid using ALL CAPS.Large files should be compressed.Learn more about email etiquette:
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An increase in temperature causes a _____ collision frequency and energy and therefore _____ the rate dramatically.
a) greater; decreases
b) lower; decreases
c) greater; increases
d) lower; increases
Answers
Answer:
c) greater; increases
Explanation:
Energy will cause atoms/molecules to gain kinetic energy. That energy is converted to motion as the entities absorb the heat and store it as kinetic energy. This causes the molecules to move more rapidly and results in a higher rate of collisions with neighboring atoms/molecules.
any business ideas u guys want to do in the future?
Answers
Explanation:
I would like to be a pathologist because they peform autospys which is when they figure out how a person died or a paramedic
Latrice works in product design for a cell phone manufacturer. She researches what people like and dislike about their current cell phones and then draws up ideas for new designs. What skill might benefit Latrice in her career?
A. Latrice is great with math and keeping things in order.
B. Latrice is outgoing and friendly.
C. Latrice is artistic and has a great imagination.
D. Latrice loves the outdoors.
Answers
What is the formula for determining equity?
Answers
How Is Equity Calculated? Equity is equal to total assets minus its total liabilities. These figures can all be found on a company's balance sheet for a company.
Suppose there are three massage therapists, with a supply schedule that indicates their willingness to supply massages at various prices. What is the market quantity of massages supplied at $60, and does this supply schedule follow the law of supply?
Answers
The quantity of massages supplied at $60 is 29. And that supply schedule follows the law of supply because the total quantity supplied increases as the price per massage increases: 18 at $40, 29 at $60 and 42 at $80.
Based on the table in the image that attached,
At $40 per massage:
Tracey is willing to supply 5 massages, Kira is willing to supply 10 massages Peter is willing to supply 3 massages, Total willing supply for market at $40 = 5+10+3 = 18At $60 per massage
Tracey is willing to supply 8 massages, Kira is willing to supply 15 massages Peter is willing to supply 6 massages, Total willing supply for market at $60 = 8+15+6 = 29At $80 per massage
Tracey is willing to supply 13 massages, Kira is willing to supply 20 massages Peter is willing to supply 9 massages, Total willing supply for market at $80 = 13+20+9 = 42Here you can learn more about massages supplied https://brainly.com/question/14800563
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Sandra would like to organize LAB (a legal corporation) as either an S corporation or a C corporation for tax purposes. In either form, the entity is expected to generate an 8 percent annual before-tax return on a $675,000 investment. Sandra's marginal income tax rate is 37 percent and her tax rate on qualified dividends and net capital gains is 20 percent. LAB's income is not qualified business income (QBI), so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its earnings after entity-level taxes every year. Ignore the additional Medicare tax and the net investment income tax when computing your answers. Note: Round your intermediate computations to the nearest whole dollar amount.
a. How much cash after taxes would Sandra receive from her investment in the first year if LAB is organized as either an S corporation or a C corporation?
b. What is the overall tax rate on LAB's income in the first year if LAB is organized as an S corporation or as a C corporation? Note: Round your final answers to 2 decimal places
Answers
The overall tax rate on LAB's income in the first year would be 62.8 percent if organized as an S corporation and 33.0 percent if organized as a C corporation.
a). To calculate the cash after taxes that Sandra would receive from her investment in the first year if LAB is organized as either an S corporation or a C corporation:
Calculate the pre-tax income: $675,000 * 8% = $54,000If LAB is organized as an S corporation, calculate the taxable income: $54,000 * 37% = $33,780Calculate the after-tax income for an S corporation: $54,000 - $33,780 = $20,220If LAB is organized as a C corporation, calculate the corporate taxes: $54,000 * 21% = $11,340Calculate the after-tax income for a C corporation: $54,000 - $11,340 = $42,660Calculate the tax on the dividends for a C corporation: $42,660 * 20% = $8,532Calculate the final after-tax income for a C corporation: $42,660 - $8,532 = $34,128b). The overall tax rate on LAB's income in the first year would be 62.8% if organized as an S corporation and 33.0% if organized as a C corporation. If LAB is organized as an S corporation, Sandra would receive $20,220 after taxes. If LAB is organized as a C corporation, Sandra would receive $34,128 after taxes.
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In a paragraph response below, describe how the structure and organization of this text affected the listening/reading experience. How did it enhance the message behind the speech?
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Text structure gives a text meaning since writers must arrange their work differently based on the type of information they're trying to convey. By comprehending and making use of the text structure while reading, readers can learn important facts and, as a result, the book's overall goal.
What is text structure?Text structures explain the organization of information in writers' texts. By comprehending the fundamental structure of texts, students may focus on key concepts and relationships, make predictions about what will occur next, and keep a record of their knowledge as they read.
A few examples of text structures are sequential, narrative, time, compare/contrast, proposition/support, problem/solution, order/chronology, cause/effect, inductive/deductive, and research.
The structure of academic writing must be sound. Academic writing requires a clear framework and logical flow in order to be coherent.
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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answers
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answers
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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This image of the coronation of Elizabeth II represents what I learned about monarchies because….
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The image of the coronation of Queen Elizabeth II represents what I have learned about monarchies because it showcases the traditional and ceremonial aspects of a monarchical system of government.
Monarchies are forms of governance where a single individual, typically a king or queen, holds supreme power and inherits the position through hereditary means. The coronation ceremony is a significant event that symbolizes the formal ascension of a monarch to the throne.
Firstly, the image highlights the concept of legitimacy and continuity in monarchies. The coronation ceremony signifies the seamless transfer of power from one monarch to the next, based on the principle of hereditary succession. It reflects the belief that the monarch's authority derives from a divine or ancestral right, which has been upheld throughout history.
Secondly, the image demonstrates the ceremonial role of monarchs in society. Monarchs often serve as the symbolic figureheads of their nations, representing unity, tradition, and national identity. The coronation ceremony is a grand spectacle that showcases the monarch's role as the embodiment of the state and its history.
Furthermore, the image reveals the close connection between monarchies and tradition. Monarchies are often deeply rooted in centuries-old customs and rituals, which are preserved and celebrated during significant events like a coronation. These traditions contribute to the sense of continuity and stability associated with monarchies.
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When it is necessary to inform a customer about a delay in their order, the proper communication format should be a ______.
Answers
Answer:
Business letter
Explanation:
A BUSINESS LETTER is type of letter which a company or an organization can use to communicate with their client or with other company or organization and the main aim or purpose of a BUSINESS LETTER include the following; It help to inform a customer or a client about an order , it can be use to make inquiring and it can be use to help inform a customer or client concerning the delay in the order the Customer made from the company or the reason why the order was delay among others, which is why BUSINESS LETTER is of paramount or important it enables a company or organization to pass information to their clients or to another company.
Therefore the proper communication format a commpany or an organization can use to inform a customer about a delay in their order should be a BUSINESS LETTER.
Answer:
b
Explanation:
edge
Firms choose how to produce the goods and services they sell. In manycases, firms face atrade-off betweenusing more workers or using more machines. For example,A.many times in the past severaldecades, firms may have chosen between a production method in theUnited States that uses fewer machines and more workers and a production method in China thatuses more machines and fewer workers.B.a local service station has to choose whether to provide car repair services using more diagnosticcomputers to support their auto mechanics and fewer tools to support their auto mechanics or moretools to support their auto mechanics and fewer diagnostic computers to support their auto mechanics.C.many times in the past severaldecades, firms may have chosen between a production method in theUnited States that uses fewer workers and more machines and a production method in China thatuses more workers and fewer machine D.movie studios have to choose whether to produce animated films using more highly skilled animatorsto draw them by hand or fewer highly skilled animators and morelow-skill animators.
Answers
The correct answer is many times in the past several decades, firms may have chosen between a production method in the United States that uses fewer machines and more workers and a production method in China that uses more machines and fewer workers.
This is an example of a trade-off between labor and capital. Using more machines and fewer workers can increase efficiency and productivity but can also lead to job displacement and unemployment. Conversely, using more workers and fewer machines can create more employment opportunities but may result in lower productivity and higher costs. Is an example of a trade-off between different types of capital investment, such as diagnostic computers and tools. The optimal choice depends on the specific needs of the service station and the expertise of the auto mechanics. is similar to A but with the opposite scenario, where firms have to choose between using more machines and fewer workers in the United States or using more workers and fewer machines in China.
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Normative statements are based upon Select one: O a. conjecture. b. value judgments. c. what can be demonstrated to be true. d. facts
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Normative statements are based on value judgments. Thus, option 'B' is the correct option.
Which statement is a normative statement?A remark that expresses a value judgment is called normative. Nobody can "prove" that such a judgment is true or false; it is the speaker's opinion. Here are some examples of economic normative statements: We should support the underprivileged more. A normative statement is founded on each person's own moral principles, which form their goals for how to make the world a better place.
The following is an illustration of a normative economic statement: "The government should offer universal access to basic healthcare." This statement is value-based, founded in an individual viewpoint, and fulfils the standard of what "should" be, as you may infer.
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Linda really enjoys math and thinks that she would enjoy a job that involves analyzing data which job would be a good fit for her?
Answers
Answer:
Maybe a digital marketing manager or a data analyst as suggested in the phrase 'analysing data'
Explanation:
Hugh has the choice between investing in a city of heflin bond at 6 percent or investing in a surething inc. Bond at 9 percent. Assuming that both bonds have the same nontax characteristics and that hugh has a 40 percent marginal tax rate, in which bond should he invest?.
Answers
Based on the Heflin City Bond return and the corporate bond return, Hugh should invest in the Heflin City Bond.
The decision to invest in a bond in this instance, should be driven by which bond has the better after tax return.
Surething Inc After tax return.= Return x ( 1 - tax rate)
= 9% x ( 1 - 40%)
= 5.4%
Heflin bonds are not taxed as they are municipal bonds. The bond with a higher after tax return is therefore the Heflin bond at 6%.
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if zero-coupon bonds are available with an implied interest rate of 5% and a face value of $30,000, what is the approximate purchase price for those bonds?
Answers
Zero-coupon bonds are a type of bond that do not pay regular interest payments, but are instead sold at a discount to their face value, with the difference between the purchase price and the face value representing the return to the investor. the approximate purchase price for these zero-coupon bonds would be $28,571.43.
Purchase price = Face value / (1 + interest rate)^time
Assuming a time of 1 year, we can plug in the given values to get:
Purchase price = $30,000 / (1 + 0.05)^1
Purchase price = $28,571.43
Therefore, the approximate purchase price for these zero-coupon bonds would be $28,571.43. It's important to note that the actual purchase price may vary slightly depending on market conditions and other factors, but this formula provides a good estimate.
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frequent guest points that hotel guests build up for repeat stays are an example of:
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Frequent guest points that hotel guests accumulate for repeat stays are an example of a loyalty or rewards program.
These programs are designed to incentivize and reward customer loyalty by offering various benefits or perks based on the frequency or duration of their patronage. In the context of hotels, frequent guest points are typically earned by guests for each stay, and they can be redeemed for rewards such as free nights, upgrades, exclusive amenities, or other privileges.
Loyalty programs encourage customer retention, foster a sense of loyalty and satisfaction, and provide an additional incentive for guests to choose the same hotel brand for their future stays.
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Based on the example in the student guide, what additional awareness does a promotion budget of $1,500,000 buy?
Answers
Based on the example in the student guide, additional awareness a promotion budget of $1,500,000 will buy is of 36%.
A promotional budget is a specified amount of money which is set aside to promote the products or any beliefs of a business or any organization. Promotional budgets are always created to estimate the essential costs which are associated with growing a business or maintaining a brand name.
The promotion budget is often set according to a percentage of sales or any profits for an established business, a percentage of the raised funds in the case of non-profit organization or a foundation, a percentage of startup costs or the use of funds in the case of any startup in order to maintain an expected growth rate.
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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
Answers
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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Page:
International employment has played
on important role to solve unemployment
problems in Nepal.” Justify the statement
Answers
Answer:
This means that Nepal, as a very underdeveloped country, lacks the necessary amount of domestic capital to build a healthy and functional economy, and for this reason, it requires international help in the form of foreign direct investment that can supply more capital to the country, capital that is used to set up new companies and investment projects that employ more Nepalese people.
Which of these could be a possible cross elasticity of demand measure for two products such as peanut butter and jelly?
0
–0.8
1.8
0.8
Answers
The cross elasticity of demand (XED) is used to measure the responsiveness of the demand for one product in relation to a change in the price of another product. In the case of peanut butter and jelly, a possible XED measure could be 0.8 Therefore the correct option is D.
A positive XED value indicates that the two products are complements, meaning they are typically consumed together. If the price of peanut butter increases, the demand for jelly may decrease as fewer people can afford to buy both products. Conversely, if the price of peanut butter decreases, the demand for jelly may increase as more people can afford
to buy both products. A XED value of 0.8 shows that for every 1% increase in the price of peanut butter, the demand for jelly would decrease by 0.8%, assuming all other factors remain constant. This indicates that the two products are indeed complements, as an increase in the price of one product has a negative impact on the demand for the
other. In conclusion, a XED measure of 0.8 is a possible measure for peanut butter and jelly, indicating that the two products are complements.
Hence the correct option is D
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A company can charge a price of 74 dollars per unit when they sell 430 units. If the price increases by 3 dollars then the number of units that they sell drops by 7 . The revenue function for this company is as follows: R(x)=(74+3x)(430−7x) where x is the number of additional units sold beyond 430 . Use the Product Rule to find the derivative of R(x) R′(x)=
Answers
The derivative of the revenue function R(x) is R'(x) = -42x + 772.
To find the derivative of the revenue function R(x) = (74 + 3x)(430 - 7x), we can apply the Product Rule.
The Product Rule states that if we have two functions u(x) and v(x), the derivative of their product is given by:
(d/dx)(u(x) * v(x)) = u'(x) * v(x) + u(x) * v'(x)
Let's differentiate the revenue function using the Product Rule:
R(x) = (74 + 3x)(430 - 7x)
Using the Product Rule:
R'(x) = (74 + 3x)'(430 - 7x) + (74 + 3x)(430 - 7x)'
Taking the derivatives of the individual terms:
(74 + 3x)' = 3
(430 - 7x)' = -7
Substituting these values back into the equation:
R'(x) = 3(430 - 7x) + (74 + 3x)(-7)
Expanding and simplifying:
R'(x) = 1290 - 21x - 518 - 21x
Combining like terms:
R'(x) = -42x + 772
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An investor purchases a stock for $52 and a put for $0.60 with a strike price of $50. The investor sells a call for $0.60 with a strike price of $58. What is the maximum profit and loss for this position
Answers
Answer:
Maximum profit = $6
Maximum loss = -$2
Explanation:
The computation of maximum profit and loss for this position is shown below:-
Maximum profit = Strike price - Purchase of stock
= $58 - $52
= $6
Maximum loss = Strike price - Purchase of stock
= $50 - $52
= - $2
Therefore for determining the maximum profit and loss for this position we simply applied the above formulas.
How do I earn money the quickest way?
Answers
2. Make deliveries for Amazon or Uber Eats
3. Become a pet sitter or dog walker
4. Get a babysitting gig
5. Install Christmas lights for the holidays
6. Become a home organizer
7. Help with home gardening
8. Assist with deliveries or moving
i hope this helps (:
A Development Team gets into a situation in which a conflicting team member's behaviour causes issues to the progress. Who is responsible for removing the issue?
Answers
In a situation where a conflicting team member's behavior causes issues to the progress, it is primarily the responsibility of the Development Team itself to address and resolve the issue.
A development team typically refers to a group of professionals who collaborate to create and maintain software products, websites, applications, or other digital solutions. The team is typically composed of developers, designers, project managers, quality assurance engineers, and other specialists who bring their unique skills and expertise to the project. Their primary goal is to deliver high-quality software that meets the client's requirements within a given timeframe and budget. Effective communication, collaboration, and agile methodologies are essential to ensure the team works efficiently and produces the desired outcomes.
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3. Cash Short and Over is classified as a(n) (A) asset. (B) liability. (C) expense.
(D) equity.
Answers
Answer:
(C) expense
Explanation:
Cash over and short are treated as business expenses. They are recorded in the cash and over the account. It means businesses have cash and over an account in the General ledger.
Since the cash over and short account is an expenses account, cash over is debited, while a short is credited.
Answer these question
Answers
1. 100 bushels and p1
2. 150
3. as bushels become that big, it gets harder and harder to transport them, messing with the price compared to just buying two separate 100 bushels.