When considering a shift in capital structure, we need to calculate the amount of debt and equity that would be outstanding for each given debt ratio. Let's compute these values for Charter Enterprises based on the provided information.
Given:
Total assets = $1.4 million
Debt Ratio 50%:
Debt ratio = Debt / Total assets
0.50 = Debt / $1.4 million
Debt = 0.50 * $1.4 million = $700,000
Equity = Total assets - Debt = $1.4 million - $700,000 = $700,000
Debt Ratio 60%:
Debt ratio = Debt / Total assets
0.60 = Debt / $1.4 million
Debt = 0.60 * $1.4 million = $840,000
Equity = Total assets - Debt = $1.4 million - $840,000 = $560,000
Debt Ratio 90%:
Debt ratio = Debt / Total assets
0.90 = Debt / $1.4 million
Debt = 0.90 * $1.4 million = $1,260,000
Equity = Total assets - Debt = $1.4 million - $1,260,000 = $140,000
The amounts of debt and equity outstanding for each debt ratio are as follows:
Debt Ratio 50%: Debt = $700,000, Equity = $700,000
Debt Ratio 60%: Debt = $840,000, Equity = $560,000
Debt Ratio 90%: Debt = $1,260,000, Equity = $140,000
Now, let's address the question regarding the limit of the debt ratio's value.
The correct answer is B.
Theoretically, the debt ratio cannot exceed 90%. In practice, few creditors would extend loans to companies with exceedingly high debt ratios > 70%.
While it is theoretically possible for the debt ratio to reach 100% (where all assets are financed by debt), in practice, such high debt ratios are rare and often viewed as risky by creditors. Lenders are usually hesitant to extend loans to companies with debt ratios exceeding 70%, as it indicates a high level of financial leverage and potentially higher default risk.
It is important for companies to strike a balance in their capital structure, considering both the benefits and risks associated with debt financing. By maintaining a reasonable debt ratio, a company can leverage its operations while maintaining financial stability and the ability to meet its obligations to creditors.
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TRUE OR FALSE: Your manager should warn you in advance if you will be giving service to a customer with significant disabilities
FALSE. If you will be providing service to a customer with a substantial disability, your boss is not obligated to notify you in advance.
All staff members should get training on how to offer inclusive and accessible customer service to everyone, including those with disabilities. This entails being aware of accessible concessions, treating each client with dignity, and being prepared to offer assistance or other solutions as necessary. Nonetheless, it is not acceptable to preemptively select out or treat individuals with impairments differently than other customers. Instead, staff members should be ready to provide everyone with outstanding customer service, regardless of their skills or impairments.
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In parliamentary procedure, a meeting begins when the chair person says which of the following phrases?
a. We will now begin the meeting.
b. The meeting has been called.
C. The meeting will now come to order.
d. There shall be order and commencement.
Answer:
c
Explanation:
got it right on test
In parliamentary procedure, a meeting begins when the chairperson says The meeting will now come to order. Thus option A is correct.
What is parliamentary procedure?A parliamentary system, sometimes known as a parliamentarian system, is a method of democratic government whereby the executive branch obtains the backing of the legislative, usually a parliament, to whom it is answerable.
A really well agenda results in shorter sessions that go more smoothly. The topics that will be covered in what order should be listed on the agenda. Establish a priority list if there are multiple critical items.
Ahead-of-time preparation and the use of agendas is preferred by some boards. This was stating that there will be a commencement. Therefore, option A is the correct option.
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There commencement.
define erasing techniques
Answer:
Erase the error by applying little pressure and blowing pencil crumbs away as you clean
Explanation:
Press the paper lightly against the cylinder to prevent the paper from sipping while erasing.
Annual gross pay: 19,700 Personal exemption of 3,000 State Tax on first 1,000 1.5%, over 5,0003.5%. What is the graduated state income tax?
Based on the given information, the graduated state income tax for annual gross pay of $19,700 with a personal exemption of $3,000 would amount to $553.50.
To calculate the graduated state income tax based on the given information, we will apply the specified tax rates to the different income brackets.
Taxable Income = Annual Gross Pay - Personal Exemption
Taxable Income = $19,700 - $3,000
Taxable Income = $16,700
Tax on First $1,000 = $1,000 * 1.5% = $15
Using the tax rate of 3.5%,
Tax on Amount over $1,000 up to $5,000 = ($5,000 - $1,000) * 3.5% = $140
Tax on Amount over $5,000 = ($16,700 - $5,000) * 3.5% = $398.50
Total State Income Tax = Tax on First $1,000 + Tax on Amount over $1,000 up to $5,000 + Tax on Amount over $5,000
Total State Income Tax = $15 + $140 + $398.50
Total State Income Tax = $553.50
So, based on the given information, the graduated state income tax for an annual gross pay of $19,700 with a personal exemption of $3,000 would amount to $553.50.
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Which of the following list of factors of production would be considered land?
O Factories, assembly lines, buildings
O Farms, tractors, pesticides
O Iron ore, natural gas, water
O Dams, bridges, oil wells
Sohail is told by his doctor that he needs to increase his mineral Intake. Which nutrients does he need to increase in his daily diet?
Calcium
Glucose
Starch
Sodium
Carbohydrates
Answer:
Calcium
/2short
A designer reaches the final stage of building value propositions. They review their official value proposition list. Using this list, how can they make sure their product stands out from the competition?
Identify their product's unique value proposition and remove value proposition that are offered by competitors are the way they can do to make sure their product stands out from the competition.
What is a value propositionThe value proposition is a company's unique selling point that explains to potential customers why they should do business with the organization.
In most cases, a value proposition offers a clear distinction between an organization and its competitors to help customers see why they should work with one company over another.
Companies use value propositions in a number of ways. They are used internally to help various departments in a business align their tasks and goals, and they are used externally as a marketing and advertising tool to help convince customers to make a purchase.
The value proposition itself is very concise and usually only a sentence or two long and can be used for both internal and external content.
What makes a good value propositionA good value proposition can take many forms. Some are complete sentences, while others are a series of short bullet points.
Regardless of format, excellent value propositions tend to have certain characteristics:
Be concise: Ideally, the value proposition is short and concise enough for your customers to remember and remember. Digestible: The main idea of the value proposition should be immediately clear to the reader. Definitive: The value proposition must definitively state the unique value your company offers to customers. Explanation: An excellent value proposition should provide a clear explanation of why your company is better than the competition. Accessible: Customers and internal stakeholders should have easy access to your value proposition, usually via your company's website. Measurable: Some value propositions offer measurable statistics to better demonstrate how much better their product is than their competitorsLearn more about value propositions at https://brainly.com/question/3130122.
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In this discussion forum answer the following:
1. What are Wanda's ethical and social responsibilities
about the data she collects and uses?
2. How can Wanda protect herself and her business
from cyber-crimes that would have a negative impact
on her business?
3. How concerned are you about the security of your
personal information on the Internet? Does it impact
what you do online in terms of shopping, sharing
information, or other activities?
The ethical responsibility that Wanda has is to protect the information that she has from her customers data.
1. What are Wanda's ethical and social responsibilities about the data she collects and uses?Wanda has to be able to protect the information she gets as the users get their data to be in her hands. She has to protect it from getting into the hands of third parties either through the sale of information or from the misuse of information.
2. How can Wanda protect herself and her business from cyber-crimes that would have a negative impact on her business?To protect herself and the data that she gets, Wanda has to get a protective software that would block all data from going to the wrong people. She can also get a cybersecurity team that works with her.
3. How concerned are you about the security of your personal information?Yes I am. There is the fear of releasing sensitive information especially when it comes to paying through the use of payment cards online. I get security conscious and can only do this when the business is a reputable one and most of the time i take the delivery payment option.
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true or false: if the surplus balance on the service account exceeds the deficit balance on the merchandise account, the goods and services balance will be in surplus. true false
If the surplus balance on the service account exceeds the deficit balance on the merchandise account, the goods and services balance will be in surplus ,the statement is False.
What is surplus balance?The balance of trade in goods and services includes the balance of trade in services and the balance of trade in items. It must be the case that the surplus in the services balance outweighs the deficit in the merchandise balance if the goods and services balance is in surplus and the merchandise trade balance is in deficit. The surplus in the merchandise balance must be greater than the deficit in the services balance if the goods and services balance is in surplus and the services balance is in deficit.
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what are the three different kinds of ads?
Answer:
His three types of ad include Direct Response Ads, Trust Ads and Demand Enhancement Ads.
Explanation:
Go to google
The activities involved in the day-to-day running of a business are part of which function of business?
O A. Operations
B. Human Resources
o
C. Marketing
D. Information Technology
Answer:
the answer is marketing
Use the process flow diagram to determine which of these events has the greatest net benefit Station A 1 worker 8 minutes Station B 1 worker 7 units/hr Station C 1 worker 6 units/hr Station D 1 worker 9 minutes. O A. reducing the flow time at Station D from 9 to 8 minutes O B. increasing the capacity at Station B to 8 units per hour O C. increasing the capacity at Station C to 7 units per hour O D. reducing the flow time at Station A from 8 to 7 minutes
The correct answer to the given question about process flow diagram has the greatest net benefit Station A is option C) increasing the capacity at Station C to 7 units per hour.
A process flow diagram (PFD) is a sort of flowchart that shows how important parts of an industrial facility relate to one another. It is used to model new processes, enhance existing ones, and document existing ones. It may also be known as a Process Flow Chart, depending on its purpose and content. They use a variety of symbols and notations to represent a process. Equipment numbers and brief (a few words) descriptions are frequently included on PFDs, along with material and energy balances, equipment sizes (often rough or preliminary), building materials, flow direction arrows on pipelines, and simplified key process control loops. A project's net benefit is calculated by adding up all of its advantages and deducting all of its expenditures. Unlike the relative metrics supplied by the B/C ratio, this output provides an absolute amount of benefits (total dollars). Projects with comparable B/C ratios can be ranked using net benefit.
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All of the following are true with the exception of one condition:
A. a high R2 always means that an added variable is statistically significant
B. a high R2 does not necessarily mean that you have the most appropriate set of regressors.
C. a high R2 does not mean that there is no omitted variable bias.
D. a high R2 does not mean that the regressors are a true cause of the dependent variable.
This statement is true. Omitted variable bias occurs when relevant variables are excluded from the regression model, leading to biased coefficient estimates and potentially misleading conclusions.
Even if the R2 is high, there could still be omitted variable bias if important variables are missing from the model.D. a high R2 does not mean that the regressors are a true cause of the dependent variable. This statement is true. While a high R2 indicates a strong relationship between the independent variables and the dependent variable, it does not establish a causal relationship. Correlation does not imply causation, and there may be other factors or variables that influence the dependent variable, which are not captured in the regression model.
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Does the amount of effort that you put into your courses increase or decrease the marginal cost of your education? Explain your answer. PLEASE HELP!
The amount of effort that you put into your courses increases the marginal
cost of your education.
Marginal cost refers to the incremental cost which is accrued as a result of
increase in goods and services.
In this scenario, amount of effort put into courses entails more time and
money spent from buying of books and other materials. This therefore
depicts an increase in the incremental and marginal cost.
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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Differential Analysis for Sales Promotion Proposal Kankakee Cosmetics Company is planning a one-month campaign for December to promote sales of one of its two cosmetics products. A total of $150,000 has been budgeted for advertising, contests, redeemable coupons, and other promotional activities. The following data have been assembled for their possible usefulness in deciding which of the products to select for the campaign:
Moisturizer Perfume
Unit selling price $35 $55
Unit production costs:
Direct materials $(12) $(20)
Direct labor (8) (10)
Variable factory overhead (3) (6)
Fixed factory overhead (2) (6)
Total unit production costs $(25) $(42)
Unit variable selling expenses (2) (3)
Unit fixed selling expenses (2) (8)
Total unit costs $(29) $(53)
Operating income per unit $6 $2
No increase in facilities would be necessary to produce and sell the increased output. It is anticipated that 40,000 additional units of moisturizer or 30,000 additional units of perfume could be sold from the campaign without changing the unit selling price of either product.
Required:
Prepare a differential analysis as of November 2 to determine whether to promote moisturizer (Alternative 1) or perfume (Alternative 2). If an amount is zero, enter "0"
The differential analysis compares the cost and revenue for two products, moisturizer and perfume, to determine which one to promote during the December campaign. The analysis shows that promoting the moisturizer is more profitable with a net income of $240,000 compared to perfume with a net income of $60,000.
Differential Analysis
Alternative 1: Moisturizer
Additional units to be sold: 40,000
Total additional revenue (40,000 x $35) = $1,400,000
Variable costs
Direct materials $480,000
Direct labor 320,000
Variable factory overhead 120,000
Unit variable selling expenses (2 x 40,000) 80,000
Total variable costs $1,000,000
Contribution margin $400,000
Fixed costs:
Fixed factory overhead 80,000
Unit fixed selling expenses (2 x 40,000) 80,000
Total fixed costs $160,000
Net operating income $240,000
Alternative 2: Perfume
Additional units to be sold: 30,000
Total additional revenue (30,000 x $55) = $1,650,000
Variable costs:
Direct materials $600,000
Direct labor 300,000
Variable factory overhead 180,000
Unit variable selling expenses (3 x 30,000) 90,000
Total variable costs $1,170,000
Contribution margin $480,000
Fixed costs:
Fixed factory overhead 180,000
Unit fixed selling expenses (8 x 30,000) 240,000
Total fixed costs $420,000
Net operating income $60,000
Decision
The differential analysis indicates that Alternative 1 (promote Moisturizer) would result in a higher net operating income of $240,000 compared to Alternative 2 (promote Perfume) with a net operating income of $60,000. Therefore, Kankakee Cosmetics Company should choose to promote Moisturizer.
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in a perfectly competitive market... group of answer choices firms will compete for business by setting different prices at or above the prevailing equilibrium price it will eventually reach long-run equilibrium. a few firms will dominate the market share. economic profits will be driven down to zero in the short run
Economic profits will be driven down to zero in the short run in a perfectly competitive market. The correct answer is option: c.
This is because in such a market, there are a large number of small firms selling homogeneous products, and each firm has no market power to influence the price. If a firm tries to charge a higher price, buyers will switch to its competitors, and the firm will lose its market share. As a result, firms in a perfectly competitive market can only earn normal profits in the long run, which means they will earn enough to cover their opportunity costs of production, including their time and capital, but not more than that. Option : c is correct.
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--The complete question is, in a perfectly competitive market... group of answer choices
a. firms will compete for business by setting different prices at or above the prevailing equilibrium price it will eventually reach long-run equilibrium.
b. a few firms will dominate the market share.
c. economic profits will be driven down to zero in the short run. ---
what is the difference between the federal budget deficit and federal government debt?
The deficit shows by how much the federal government expenditures exceeded its revenues in a given fiscal year; the deficit is measured per year. In contrast, the debt level refers to the total amount that the government owes on a particular date, say, the last day of a fiscal year.
What Is the Federal Budget Deficit?
The yearly discrepancy between government expenditure and revenue is referred to as the deficit. Every year, the government collects taxes and other forms of income and spends it on various programs such as national defense, Social Security, and healthcare. A deficit occurs when the government spends more than it receives. The government runs a surplus when it collects more money than it spends.
What Is the Federal Debt?
The debt is the total amount of money owed by the United States government. It is the sum of previous deficits minus surpluses. Debt is analogous to the balance on your credit card account, which indicates the total amount owed over time. The Congressional Budget Office forecasts that by the end of fiscal year 2022, the public debt would be $24.2 trillion, or 98 percent of GDP.
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Explain how most businesses are both debtors and creditors.
Answer:
The reason why most companies are both debtors and creditors is that customers can owe services to companies and they have economic commitments to pay.
Which of the following individual achievements is not suitable to include in a college application?
1. president of high school debate team
2. Grade 6 spelling bee champion
3. Chamber of Commerce outstanding volunteer award
4. varsity letter in track and field
15 points instead of 10.
Answer:
Grade 6 spelling bee champion
Explanation:
it is not relevant by the time you are applying for college, and does not say very much about you as a person & what you like to do.
Answer:
Grade 6 spelling bee champion
Explanation:
Colleges only look at achievements during or after high school.
Why were multiple of my answers deleted? Granted, someone else answered the question, but I gave different explanations, and in some I gave a different answer that was right and the other answer was wrong, yet like 5 of them just got deleted? Why? I said nothing inappropriate.
It is possible that your answers were deleted by a moderator or administrator if they deemed them to be incorrect or not relevant to the question.
What is administrator?An administrator is a person who is responsible for managing the day-to-day operations of an organization. These operations may include supervising staff, overseeing resources and budgets, and ensuring that policies and procedures are followed. Administrators may also be responsible for designing and implementing organizational strategies and procedures. Administrators are often found in all types of organizations, including businesses, educational institutions, government agencies, and non-profit organizations. The skills and duties of an administrator vary depending on the type of organization they are employed by.
If you believe that your answers were deleted in error, you can contact the moderator or administrator who deleted them and explain your situation. They may be able to provide more information about why your answers were removed.
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Market share can be measured as the ratio of a firm's Blank______ compared to those of the total industry.
Market share can be measured as the ratio of a firm's Blank production compared to those of the total industry.
What is market share?Market share is used to measure the total amount of sales in a company.
The sale's in measured in percentage and the production also can be measured with it.
Therefore, Market share can be measured as the ratio of a firm's Blank production compared to those of the total industry.
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Hey y'all !! Can some body help me out!!
1.What is the role of engineer in development of nation.
2. Elucidate the importance of an animal doctor.
3.Finance sector is a very sensitive feild. Do you agree? Give reasons.
Thank you!!♡
Answer:
1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.
2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.
3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law
100 point question + brainliest
Mike Oxmore has 69 apples, Moe Lester has 420, what is the mass of the sun?
Answer:
The mass of the sun is - 1.989 x 10 30 kilograms
Also, 69 + 420= 489
Explanation:
Hope this helps?
Have a nice day! <3
"If losses in the amount of $2,750 (net of tax) on available-for-sale debt securities have been previously included in other comprehensive income, what amount would be the reclassification adjustment added (or deducted) when the securities are sold? Assume a 30% tax rate.
a. $2,750
b. $(2,750)
c. $3,575
d. $(3,575)"
When available-for-sale debt securities are sold, a reclassification adjustment is made to reverse any previous gains or losses recognized in other comprehensive income. In this case, a loss of $2,750 (net of tax) was previously included in other comprehensive income. The correct answer is: d. $(3,575),
To find the reclassification adjustment, we need to determine the pre-tax loss amount. Given a 30% tax rate and a net loss of $2,750, we can calculate the pre-tax loss using the formula:
Pre-tax loss = Net loss / (1 - Tax rate)
Pre-tax loss = $2,750 / (1 - 0.30)
Pre-tax loss = $2,750 / 0.70
Pre-tax loss = $3,928.57 (rounded)
Now that we have the pre-tax loss, the reclassification adjustment is simply the opposite of this amount, since it is meant to reverse the previously recorded loss. Therefore, the reclassification adjustment would be:
Reclassification adjustment = - Pre-tax loss
Reclassification adjustment = - $3,928.57
Thus, the correct answer is: d. $(3,575), which is the closest rounded option to the calculated value of $(3,928.57).
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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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Question 1 < > 3 pts 1 Deta Decentralization has the following disadvantages: O Decreased goal alignment, slower decision-making, increased costs. O Decreased ability to keep goals aligned, economies
Decentralization has the following disadvantages: decreased goal alignment, slower decision-making, and increased costs.
Decentralization refers to the distribution of decision-making authority and power to lower levels of an organization or within a system. While decentralization offers several benefits, such as increased employee empowerment and local responsiveness, it also has its drawbacks.
One disadvantage of decentralization is decreased goal alignment. When decision-making authority is dispersed among various units or individuals, it becomes more challenging to ensure that all actions and decisions align with the overall goals and objectives of the organization. Without proper coordination and communication, different units may pursue conflicting goals, leading to inefficiencies and suboptimal outcomes.
Another disadvantage is slower decision-making. In a decentralized structure, decisions are made at lower levels of the organization, which can result in a more time-consuming process. The need to gather information, consult multiple stakeholders, and obtain approvals from different levels can slow down the decision-making process, potentially hindering the organization's ability to respond quickly to changes in the external environment.
Furthermore, decentralization can lead to increased costs. Each decentralized unit may require its own resources, such as personnel, technology, and infrastructure. This duplication of resources can result in higher overall costs for the organization compared to a centralized structure where resources are consolidated and shared.
In summary, the disadvantages of decentralization include decreased goal alignment, slower decision-making, and increased costs. These factors should be carefully considered when deciding on the appropriate level of centralization or decentralization within an organization or system.
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Computerized Accounting with Quickbooks
1. What is the process for making Bank Deposits?
2. How are customers listed in the invoice form?
3. What report will show you all overdue account?
4. If the difference is not zero when you click reconcile on a Bank Reconciliation, what message will QuickBooks give you?
Answer:I hope this helps you
Explanation:
1. To make a bank deposit in QuickBooks, you would go to the Banking menu, select Make Deposits, choose the appropriate bank account, and then enter the details of the deposit, including the date, the deposit amount, and any memo or notes you may want to include.
2. Customers are typically listed in the invoice form in alphabetical order by default, but you can also sort them by other criteria such as date, amount, or balance due by clicking on the appropriate column heading.
3. The report that would show you all overdue accounts is the A/R Aging Detail report. This report will show you all outstanding invoices and how long they have been outstanding.
4. If the difference is not zero when you click reconcile on a bank reconciliation in QuickBooks, the software will display an error message indicating that the reconciliation is out of balance. This means that there is a discrepancy between the ending balance on the reconciliation and the actual balance in the bank account. You will need to review your records carefully to identify and correct the error before you can successfully complete the reconciliation.
Shareholders of Forest Glen Corporation have received $35,000 in dividends in the current year. At year end the corporation has total assets of $500,000, total liabilities equal to $300,000, and contributed capital totaling $100,000. If retained earnings at the beginning of the year were $80,000, what was Forest Glen's net income for the current year
Forest Glen Corporation's net income for the current year was $55,000.
To find Forest Glen Corporation's net income for the current year, we need to consider the dividends, assets, liabilities, contributed capital, and retained earnings. We can use the accounting equation to solve this:
Equity = Assets - Liabilities
At the year-end, equity consists of contributed capital and retained earnings. First, let's calculate the equity:
Equity = $500,000 (Assets) - $300,000 (Liabilities) = $200,000
Now, let's find the ending retained earnings by subtracting contributed capital:
Ending Retained Earnings = Equity - Contributed Capital = $200,000 - $100,000 = $100,000
The net income can be found by taking the difference between the ending and beginning retained earnings and adding the dividends:
Net Income = (Ending Retained Earnings - Beginning Retained Earnings) + Dividends = ($100,000 - $80,000) + $35,000 = $55,000
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ophelia earns $70,000 a year. which transaction will help reduce her federal income tax this year? select answer from the options below 401(k) contribution. roth ira contribution. qualified primary residence sale. 529 plan contribution
Ophielia makes $70,000 annually. Although you don't disclose additions to a Roth IRA on your taxes and they aren't tax deductible, qualifying payouts or distributions that represent a return of assets aren't taxed.
What entitles you to a tax reduction for the year that you make the contribution?Contributing to a retirement fund through with a job plan or an independent private pension is a practical strategy to lower taxable income (IRA). Both flexible and health spending accounts contribute to lowering taxable income in the year that contributions are made.
Is a Roth IRA better than a 401(k)?The Final Verdict. A Roth IRA sometimes offers more investing alternatives than a 401(k), making it a preferable option.and increased tax advantages. If you believe you'll fall into a higher bracket in the future, it might be especially helpful.
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