Option A, Sole proprietors run unincorporated businesses. If you treat a domestic LLC as a corporation, you are not a sole proprietor.
There is no formal separation between the owner and the business entity in a sole proprietorship, which is also known as a sole trader ship, individual entrepreneurship, or proprietorship. In some cases, a sole proprietor may have employees in addition to themselves.
Considering that unregistered sole proprietorships are not afforded any legal protection by the state, this is arguably one of their biggest drawbacks. This means that the owner is personally responsible for all debts incurred by the company.
The profits of a sole proprietorship are subject to both income taxes and self-employment taxes, which the proprietor must declare and pay on their personal tax returns.
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The right way of asking the question is:
Agency problems would be least likely to arise
a) in sole proprietorships.
b) in partnerships with less than 3 partners.
c) in partnerships with 3 or more partners.
d) in for-profit corporations.
e) in not-for-profit corporations.
what is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks?
Balanced scorecard is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks.
The balanced scorecard (BSC) is a strategic performance measure used to identify and enhance different internal company operations and the external outcomes that result from them. Balanced scorecards are widely used to measure as well as provide feedback to organizations in the Country, the United Kingdom, Japan, and Europe. Executives and managers gather and interpret data, which is critical to providing quantitative results. This information can be used by company personnel to make better choices for the future of their organizations. A balanced scorecard is a metric used it to identify, enhance, and control the various functions and outcomes of a business.
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Is the Wix website builder suitable for small businesses?
Yes, the WIX website builder is suitable for small businesses, it makes the website in the small amount of money and make create attractive website.
The small businesses is the type of the organization or organization system in which the team size of the small business is less than 100 employee, corporation and partnership type small business.
The small business has less revenue as compared to the large business or the corporation which runs from the many years.
The WIX is popular and useful in the space of small business starter, owners and entrepreneurs etc. If you want website more unique and professional in the affordable budget then WIX is best suited to those buyers.
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exercise 1-8 (algo) product costs and period costs; variable and fixed costs [lo1-3, lo1-4] required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 21,750 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 26,500 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 17,000 units? (for all requirements, do not round intermediate calculations.)
1. Product costs for 21,750 units = 21,750 x Product Cost per Unit.
2. Period costs for 21,750 units = 21,750 x Period Cost per Unit.
3. Product costs for 26,500 units = 26,500 x Product Cost per Unit.
4. Period costs for 17,000 units = 17,000 x Period Cost per Unit.
What is the purpose of financial accounting?
Financial accounting is the process of recording, summarizing, analyzing, and reporting financial information about a business entity. Its purpose is to provide financial information to investors, creditors, management, and other stakeholders to enable them to make informed decisions about the business. Financial accounting also helps businesses comply with legal requirements, such as filing income taxes.
The detailed answers for the given questions are as follows:
1. Product costs are the costs of the direct materials, direct labor, and overhead costs required to make a product.The total amount of product costs incurred to make 21,750 units is the sum of the direct materials, direct labor, and overhead costs associated with making 21,750 units.
2. Period costs are the costs that are not directly associated with the production of the product, such as selling and administrative expenses. The total amount of period costs incurred to sell 21,750 units is the sum of the selling and administrative expenses associated with selling 21,750 units.
3. The total amount of product costs incurred to make 26,500 units is the sum of the direct materials, direct labor, and overhead costs associated with making 26,500 units.
4. The total amount of period costs incurred to sell 17,000 units is the sum of the selling and administrative expenses associated with selling 17,000 units.
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a purpose of advertising is to make the: group of answer choices demand for one's product more inelastic. demand for one's product less inelastic. market closer to perfectly competitive. demand for one's product more elastic.
A purpose of advertising is to make the demand for one's product more elastic. Advertising of product or also services will make a demand more higher than normal.
In economic and business, Advertising generally can be defined as an industry used to call the attention of the public to something, typically a product or service. In the advertising activities, each of activities has a purpose to make product, brand or service is promoted to a viewership in order to attract interest, engagement, and sales. There are several types of advertising, such as Display Advertising, Video Advertising, Mobile Advertising, and also Native Advertising.
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mallory would like to create an irrevocable trust for her children that will remove assets from her gross estate, but she is uncomfortable relinquishing all control of the property because her children are young and they may not prove to be financially responsible. she would like to be able to change the beneficiaries of the trust, perhaps to her grandchildren, or change the shares of each beneficiary in the event they waste their distributions. will the retention of these powers affect the transfer to the trust? a) the retention of such powers will cause the gift to be an incomplete transfer because she is not giving up sufficient control of the trust assets. b) the transfer would be incomplete only if mallory retained the right to receive trust income. the power to change the beneficiaries or their shares is not a significant retained power. c) a transfer to an irrevocable trust will remove the assets from mallory's gross estate regardless of any retained powers. d) the powers retained by mallory are insufficient to create an incomplete transfer.
The retention of these powers affects the transfer to the trust as a transfer to an irrevocable trust will remove the assets from Mallory's gross estate regardless of any retained powers.
How is a property held in trust transferred?
If there is only one beneficiary or if there are multiple beneficiaries and they all concur, the beneficiary may ask the trustee to transfer the trust's assets to either him, or if there are multiple beneficiaries, to each of them (or the beneficiaries may desire).
Who is ineligible to serve as a trustee?
If you are ineligible to serve as a trustee under the Charities Act, you may not do so unless the Commission has waived your ineligibility. You may be disqualified if you are ineligible to serve as a company director.
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a shareholder of a car manufacturing company wants to sue the company in federal court for breach of fiduciary duty. what information about the company, besides its place of incorporation, does the shareholder's attorney need in order to determine whether the parties are diverse?
Beside its place of incorporation, he can provide, Where the company's headquarters are located to attorney in order to determine whether the parties are diverse.
What is fiduciary duty?The step is to prove that the other party's actions were against your interests, therefore constituting a breach of fiduciary duty. Additionally, you need to provide evidence of your losses. Damages are not recoverable if the breach had no real impact on you. Finally, you must demonstrate that the fiduciary duty violation directly resulted in the losses you experienced. You will not be entitled to compensation if the harm you experienced had nothing to do with the breach and was not a reasonably foreseeable consequence of it. Regardless of the makeup of the board of directors, each member has a fiduciary responsibility to act in the best interests of the company's shareholders. Management members of an LLC have a similar obligation to act. Members of a comapny are subject to many of the same kinds of violations that take place in the context of partnerships. Other instances include:
denying shareholders access to records, refusing to pay dividends, voting for excessive compensation for themselves, and taking illegal steps to remove minority owners are all examples of blocking shareholders from exercising their right to vote. The shareholders may file a lawsuit to safeguard their interests if they believe that the company or any individual board member has violated their fiduciary duty to the shareholders.
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as part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:
The first step is to budget for federal and state income taxes as part of the ongoing expenses of working as a sales associate. Thus, option A is correct.
Brief About Sales?"Time is of the essence" is a legal expression that describes the time frame within which one party must fulfil its contractual obligations to the other party. When a disagreement arises, the parties have four basic options: direct negotiation, mediation with an objective third party, arbitration with one to three arbitrators, or litigation in state or federal court with a judge or jury.
A broker preview is similar to an office preview, with the exception that all local multiple listing service participants can access it. Typically, this occurs during the first week.
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Complete question:
As part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:
a. federal and state income taxes.
b. a new vehicle.
c. the fastest computer available.
d. the latest computer software.
abc company has sales revenue of $175,000, sales discounts of $10,000, cost of goods sold of $50,000, and operating expenses of $75,000. what is their gross profit?
For every $1 in sales, you need 33 cents to pay your essential running expenses and profit, therefore figure out the gross margin of profit required to run the business.
What do you think of as sales?A sale is a contract that calls for, among other things, exchanging goods or services for money. To put it another way, a sale refers to any action that gives possession of a good of commodity to a buyer n exchange for money.
Which sales are the four?The four main sales techniques employed by salespeople are script-based selling, conversational selling, needs-satisfaction presenting, and selling with such a strategic partner.
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your monthly rent payment is an example of a variable expense. T/F
True variable costs fluctuate monthly (dining out, medical expenses, groceries, or anything you buy from a store).
What Kinds of Expenses Are There?Rent, utilities, pay, salaries, upkeep, depreciation, health coverage, and the cost of selling products are a few examples of expenses.
What are essential costs?As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being residential building, food, clothing, mass transit, healthcare, and pertinent miscellaneous expenses.
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your client, who is in poor health, is considering selling her business to her daughter using a 10-year installment sale. the client has asked you about the estate tax implications of the outstanding installment note payments should she die within the 10-year period. what is your response to your client's inquiry regarding the estate tax implications? a) the present worth of any outstanding installment payments must be included in her gross estate because the installment term was not completed. b) the outstanding installment payments will be excluded from her gross estate because she did not outlive the 10-year installment period. c) the fair market value of the business will be included in her gross estate because the installment sale term will not be completed. d) the outstanding installment payments will be cancelled upon her death and excluded from her gross estate if she does not outlive the 10-year period.
The fair market value of the business will be included in her gross estate because the installment sale term will not be completed is your response to your client's inquiry regarding the estate tax implications.
Who is subject to estate tax?
Estate taxes are levied on a deceased person's right to pass their estate to their legal heirs and beneficiaries at the time of death as well as on specific transfers that the law considers to be equal to a testamentary disposition. It is not a property tax.
A CPA and tax adviser, failure to pay the estate taxes deprives the inheritors of access to and benefits from possessions left by the deceased.
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The history of bananas
Using at least two terms from the unit, summarize the United States’ connection to the history of bananas, as documented in this TED talk.
There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas fist officially reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S.
How was bananas shoot introduced to the US for cultivation?Spanish explorers brought bananas to the Americas in the 1500s. The first banana shoot is thought to have been planted in the Caribbean islands in 1516. Bananas did not arrive in the United States until the 1800s, when sailors brought banana shoots back from the Caribbean.
Because fruit companies in the United States wanted to grow their own bananas, they bribed government officials to gain access to various lands. Rainforests were cleared, plantations were constructed, and the business grew from there.
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A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 34 months. Assume product life can be described by an exponential distribution.
Required:
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?
b. What service period would result in a failure rate of approximately 10 percent?
The Probability of failure is 63.21% will be expected to fail during the service period . 34 months service period would result in a failure rate of approximately 10 percent.
What is an example of service?A service is an "(intangible) act or use for which a consumer, firm, or government is willing to pay." Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for.
a) The MTBF (mean time between incidents) is 34 months.
Since the service contract covers the expected life, the Mean Time Between Failure(T) is 34 months.
The Probability of failure=63.21% will be expected to fail during the service period
b) Now the failure rate is given by 30.92% =0.3092
The mean time between failure will be the service rate.
MTBF= 34 months
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2. what do the principles of economics say about the most important microeconomic issues such as incentives, opportunity cost and trade?
The principles of economics indicate that incentives are a powerful driver of decision-making, as they motivate individuals to take action in order to achieve desired outcomes.
Opportunity cost is the cost associated with forgoing one choice in favor of another, and it is essential for decision-making as it helps individuals to weigh the pros and cons of different options. Finally, trade is essential for economic efficiency, as it allows for the exchange of goods and services between two or more parties, enabling each party to specialize in what it does best, thereby allowing them to produce more with less effort.
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the cost of goods sold or cost of services sold is the combination of variable costs necessary to make a product or provide a service.
The cost of goods sold (COGS) or cost of services sold is the total amount of direct costs associated with producing and delivering a product or service.
What is associated ?
The term "associated" can refer to a variety of things, including being connected or linked to something, being affiliated with something, or having a relationship with something.
This includes the cost of materials, labor, and other expenses directly related to the production of the product or service. It does not include any indirect costs, such as overhead, marketing, or administrative expenses. COGS is used to calculate gross profit, which is the difference between sales revenue and COGS.
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gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of
Gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of predictive analytics.
Gene is making use of predictive analytics. Predictive analytics is the use of data analytics to determine patterns and trends in data and then using those patterns and trends to make predictions about future outcomes. In this case, Gene is using the available hr data to determine patterns and trends in employee behavior, such as which employees are most likely to quit, and then make predictions based on those patterns and trends.
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mc qu. 41 mintzberg theorized that managers play which... mintzberg theorized that managers play which three broad types of roles?
The idea that managers play relational, informational, and decisional responsibilities is the foundation of Mintzberg's managerial roles.
Which individuals make effective managers?A manager is a person who "manages" a company by taking charge of a particular department. A department's boss may have control over the workers in the that department. On rare occasions, the manager may be in charge of the entire business. For example, a "restaurant manager" is in charge of the entire business.
What matters most to a manager?One of the most crucial things you are able to do as manager is to set goals with your team. You can assign your team actual weight and ownership when you clearly define success.
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front corporation's end-of-year balance sheet consisted of the following amounts: cash $25,000 accounts receivable $46,000 property, plant, and equipment 69,000 long-term debt 41,000 capital stock 107,000 accounts payable 22,000 retained earnings ? inventory 33,000 what is front's owners' equity balance at the end of the current year?
Retained earnings = $107,000 - $22,000 - $33,000 = $52,000. Owners' equity = Capital stock + Retained earnings = $107,000 + $52,000 = $159,000.
The retained earnings balance for the front corporation can be calculated by subtracting the total liabilities (accounts payable and long-term debt) from the total assets (cash, accounts receivable, property, plant, and equipment, capital stock, and inventory). The retained earnings balance for the frontal pot can be calculated by abating the total arrears (accounts outstanding and long- term debt) from the total means (cash, accounts delinquent, property, factory, and outfit, capital stock, and force). Retained earnings are also called earnings fat and represent reserve money, which is available to company operation for reinvesting back into the business. The decision to retain the earnings or to distribute them among shareholders is generally left to the company operation. still, it can be challenged by the shareholders through a maturity vote because they're the real possessors of the company.
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an organization intends to capture market share in its industry because it has access to a scarce key ingredient in its patented formula of antiviral products. what is the approach the organization should take to capture market share?
If a company wants to gain market share in its sector and has access to a critical ingredient that is in short supply, it should adopt a distinctive marketing strategy.
This strategy emphasizes the special qualities and advantages of the company's products to set them apart from those of rivals.
In this situation, the business should concentrate on the main ingredient's rarity and the advantages it provides to the antiviral goods, such as the ability to be more effective or efficient than competing products.
In order to convey this unique selling point to the target demographic and the general public, the company should also think about spending money on marketing and advertising initiatives.
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at a promotion interview, it is important to . a. anticipate questions and answer early b. wear uncomfortably formal clothes c. be honest about your qualifications d. discuss your personal life please select the best answer from the choices provided a b c d
The correct option is a, anticipate questions and answer early. It is important to anticipate the questions during the permit interview and answer them in time.
This means you should do your research on the company, the job you're applying for, and the skills, experience and qualifications you'll need to succeed in the role. In addition, you should prepare answers to common questions that are asked in promotion interviews. Being prepared with thoughtful answers will show the interviewer that you are confident in your abilities and are serious about the promotion. Taking the time to anticipate questions and answering them in a timely manner will also demonstrate your commitment to the role and your understanding of the position.
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What are the key Enlightenment ideas that influenced the development of our government institutions and explain their influence?
1. Natural Rights: The concept of natural rights was a key Enlightenment idea that influenced the development of our government institutions.
What is Enlightenment ?Enlightenment is a philosophical movement of the 18th century that emphasized reason and individualism rather than tradition. It sought to challenge the authority of institutionalized religion and to advance knowledge through science. The Enlightenment promoted the idea that human beings could use their own reason and understanding to improve their lives and society.
2. Separation of Powers: The Enlightenment idea of separation of powers was also influential in the development of our government institutions. This concept holds that power should be divided among different branches or levels of government in order to prevent any one branch from becoming too powerful and oppressive. This idea has been implemented in our government through the establishment of three branches—the executive, legislative, and judicial—each with its own powers and responsibilities.
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george runs a coffee shop, which is situated in a business district. the highest-selling item on the menu is the to-go coffee around the time when the offices around the shop have lunch. customers are always in a hurry to take their coffee and leave. what should george do to better their service experience regarding this highest-selling item?
George should offer pre-made coffee orders and an express line for customers to quickly grab their coffee and go in order for them to do better their service experience regarding this highest-selling item.
1. Focus on Efficiency: George should focus on making the to-go coffee service as efficient as possible. He should look into streamlining the process as much as possible to ensure that customers can get their coffee quickly and easily.
2. Invest in Quality Equipment: George should also invest in quality equipment that can help speed up the process. This could include high-end espresso machines, or other types of commercial coffee makers.
3. Train Baristas: He should also make sure that his baristas are trained and knowledgeable about how to make the perfect cup of coffee. This will help ensure that customers get a quality product quickly.
4. Offer Pre-Ordering Options: To further improve the customer experience, George should look into offering pre-ordering options, such as allowing customers to order their coffee online or by phone, and then picking it up in-store. This will help cut down on wait times and provide a more efficient service.
5. Offer Special Promotions: Finally, George should consider offering special promotions to customers who purchase their to-go coffee at certain times. This could include discounts or free items with purchase. This will help encourage customers to come back to his shop and may even help increase his sales.
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manufacturing overhead was estimated to be $297,000 for the year along with an estimated 27,000 direct labor hours. actual manufacturing overhead was $506,250 and actual direct labor hours were 28,800. the amount of manufacturing overhead applied to production would be:
The manufacturing overhead applied to production is $317,680.
The amount of manufacturing overhead applied to production is determined by using a predetermined overhead rate. To calculate the predetermined overhead rate, we need to divide the estimated manufacturing overhead by the estimated direct labor hours. In this case, the predetermined overhead rate is $297,000 (estimated manufacturing overhead) divided by 27,000 (estimated direct labor hours) = $11.
Once we have the predetermined overhead rate, we can use it to apply the actual manufacturing overhead to production. To do this, we multiply the actual direct labor hours by the predetermined overhead rate. In this case, the manufacturing overhead applied to production is $11 (predetermined overhead rate) multiplied by 28,800 (actual direct labor hours) = $317,680.
The difference between the applied overhead and the actual overhead is called the overhead variance, this will be helpful in finding out the reasons for the variances and take corrective actions if needed.
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There is no need for a government in a market economy. True or False?
False, There is no need for the government to have a big economic role.
What does "economic" mean in its simplest form?Economics is the investigation of shortages and its effects on the use of assets, the production of products and services, the growth of productivity and welfare through time, and a wide range of other complicated issues of essential significance to society.
Why do we study economics?Economics education aids in a person's comprehension of their environment. It enables individuals to comprehend others, organizations, markets, and governments, enabling them to better adapt to risks and opportunities that arise as circumstances change.
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Why is the illinois central railroad company selling these acres of prairie farmland?
If a mine runs dry or production stops, the railroads that were built specifically for it or other economic or logistical locations are abandoned.
Why is it considered a "company"?A corporation is referred to as a company since its workers want to produce value. English English verb "to produce" derives from the Latin produco, which meaning to lead forth in the bring forward. The word "business" has its roots in the Old French concept of compaignie, meaning companionship. The term "business" first arose in Old English, which mixes busy and -ness.
What does a company mean?People can lawfully form a company as a group to conduct business and manage a commercial or manufacturing activity.According on the corporate structure, a company may be structured in a range of ways for tax and potential obligation purposes.
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jeremy (unmarried) earned $100,000 in salary and $6,000 in interest income during the year. jeremy's employer withheld $10,000 of federal income taxes from jeremy's paychecks during the year. jeremy has one qualifying dependent child (age 14) who lives with him. jeremy qualifies to file as head of household and has $23,000 in itemized deductions, including $2,000 of charitable contributions to his church. (use the tax rate schedules.) required: determine jeremy's tax refund or taxes due. assume that in addition to the original facts, jeremy has a long-term capital gain of $4,000. what is jeremy's tax refund or tax due including the tax on the capital gain? assume the original facts except that jeremy has only $7,000 in itemized deductions. assume the charitable contribution deduction for nonitemizers applies to 2022. what is jeremy's tax refund or tax due?
Jeremy's tax refund or taxes due including the tax on the capital gain with $23,000 in itemized deductions is $8,636.Jeremy's tax refund or tax due with $7,000 in itemized deductions, plus a $2,000 charitable contribution deduction for nonitemizers is $11,336.
What is Jeremy's tax refund or tax due including the tax on the capital gain?
1. Jeremy's taxable income is $91,000 ($100,000 salary + $6,000 interest income - $23,000 itemized deductions).
2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $91,000, the federal tax liability is $20,936 ($9,636 + ($91,000 - $75,900) x 24%).
3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $10,936 ($20,936 - $10,000).
4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $6,936 ($10,936 - $4,000).
5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $6,936 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $3,064 ($10,000 - $6,936).
What is Jeremy's tax refund or tax due?
1. Jeremy's taxable income is $85,000 ($100,000 salary + $6,000 interest income - $7,000 itemized deductions - $2,000 charitable contribution deduction for nonitemizers).
2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $85,000, the federal tax liability is $19,336 ($7,336 + ($85,000 - $72,750) x 24%).
3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $9,336 ($19,336 - $10,000).
4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $5,336 ($9,336 - $4,000).
5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $5,336 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $4,664 ($10,000 - $5,336).
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a country can produce either 226 units of good y or 118 units of good x. if they want to produce 33 units of good x, how many units of good y are they able to produce? enter a number rounded to two decimal places. g
The country will be able to produce 63.84 units of good y .
If a country intends to generate 33 units of good x, we can use the good x to good y ratio to calculate how many units of good y they can produce. According to the data presented, the excellent x to good y ratio is 118:226.
This ratio may be used to calculate the number of units of good y that will be created for every 33 units of good x.First, we'll divide the number of units of excellent x by the good x/good y ratio: 33 excellent units x / (118:226) = 33/118 = 0.2809
Next, we will multiply this number by the number of units of good y in the ratio to find the number of units of good y that will be produced: 0.2809 x 226 = 63.8374.
So the country will be able to produce 63.84 units of good y if they want to produce 33 units of good x.
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you work for an automotive parts distributor based in ohio that is expanding operations in china. management and operations employees that will be working with the chinese division have been taking classes on chinese culture and business customs.
According to the given statement the answer is Heightened global competition
Who is called a distributor?A distributor acts as either a link within the supply chain or distribution system between a manufacturer, who makes a product, and an entity later down the line. The downstream organization can be either a wholesalers or retailing, known as a value-added reseller (VAR).
Is a distributor an owner?A distributor simply buys the products from the source and resells them to end-user clients. The distributor, not the provider, is given legal ownership of the products in question, and it is the distributor that is obligated to any customers under any contracts.
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match the investing goal with the investor most likely to choose the goal as their primary goal. - a college graduate that is starting a new job and contributing 10% to their 401(k). a. income generation - a couple nearing retirement that will need to start accessing their retirement funds soon. b. preservation of capital - a retired couple that does not have enough social security and depends on their retirement funds to supplement their retirement budget. c. growth - a 40-year old investor that is comfortable with risk and market volatility with a focus on wealth accumulation.
C) Growth is a 40-year-old investor who focuses on wealth accumulation and is accustomed to risk and market volatility.
Which four kinds of investors exist?Investors in angels Lenders who lend to others. Investors in VCs. Individual investors.
What should my 40-year-old portfolio look like?When it comes to age-based asset allocation, the most common rule is to hold a percentage of stocks equal to 100 times your age. Therefore, if you are 40, you should invest 60 percent of your portfolio in stocks.
Which three kinds of investors are there?Pre-investors, passive investors, and active investors are the three types of investors in a business.
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communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources. T/F
Yes, it is true because communist nations operated under the assumption that the best people to allocate the economy's limited resources were government officials.
What system of resource allocation did the Communists use?Government personnel were assumed to be in the perfect situation to distribute the economy's limited resources in communist countries. These central planners made decisions about who produced and used certain commodities and services, as well as on how much of each was produced.
On what does communism rest?Karl Marx's theories, which he detailed in The Communist Manifesto, are most strongly identified with the political system known as communism. The foundation of communism is the desire to end socioeconomic class conflicts by establishing a fair society where everyone get benefits.
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when a common stock subscription has been fully paid, what account is credited to show record of the stock being issued?
A: stock subscription- common
B: Capital stock- common
C: subscription receivable
D: Cash
When a common stock subscription has been fully paid, the account that is credited to show record of the stock being issued is option B: Capital stock- common
What is the Capital stock?When a company issues common stock through a common stock subscription, it is recorded in the company's books as the issuance of new shares. When the subscription has been fully paid, the cash received from the investor is recorded as a debit in the Cash account and the new shares are recorded as a credit in the Capital Stock - Common account.
Therefore, This shows that the company has issued new shares of common stock in exchange for cash received from the investor. The Stock Subscription - Common account would be used to track the amounts received for the subscriptions before the shares have been issued.
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