When Cantrell company has $10,500 of cash sales that are subject to an 8% sales tax, then the journal entry will affect a debit to the cash accounts for an amount of $10,500 and a credit to the sales tax at 8 percent of the sales.
A journal entry is an entry that ensures chronological, true and correct maintenance of accounting transaction within an accounting firm for a particular accounting period. The journal entry for the above transaction will be as below,
1. Cash Ac. Dr. 10,500
To Sales Tax Ac. 840
To, Sales Ac. 9660
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in this decision point activity, you began to explore game theory: specifically, how your outcomes are dependent not just on your own choices, but also on the reactions of competitors. use what you learned from this decision point, and information from the chapter to answer the following question. suppose nike and adidas are considering whether to develop new advertising campaigns. for each pair of strategies, the blue triangle shows nike's payoff and the yellow triangle shows adidas's payoff, in billions. use this information to complete the sentences.
The ideal result for Nike would be for Adidas to decide against advertising. If Adidas decides not to promote, Nike's decision to not advertise will have the greatest impact on their business.
What is a suitable sentence for the result?How to effectively use the word "outcome" Only conclusion we could accept was this one. The result tonight should be more to your taste. The only people who can affect how this turns out are us.
What does a bad result mean?Deterioration and failed to uphold or progress are examples of negative consequences. Failed to adhere with a requirement constitutes a defect even if there is no obvious negative effect from the deficient activity. Many standards don't focus on results.
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assume jones company has 2,000 outstanding shares of 2%, $2 par value preferred stock and has declared the cash dividend as a payable. what is the amount of total dividends owed to preferred stockholders?
Take $200 from paid-in capital to repurchase shares. Which of the following happens when a business repurchases its shares and immediately retires the stock. The initial sale price of the shares is deducted from the equity accounts.
To the closest percent, what is the rate of return on common stockholders' equity?By dividing the earnings available to common stockholders by the average amount of common stockholders' equity, one can determine the rate of return on common stockholders' equity. Given that preferred shareholders must receive $8,000 in dividends, the return on common equity is (50,000 – 8,000) / 180,000, or 23%.
What is the term used when a company reduces the number of shares it has outstanding by exchanging 1 share for 10 shares?A reverse stock split lowers the number of outstanding shares for a company.
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maxim has already spent $28,300 to manufacture a hamster food product called green health. maxim currently has 10,000 bags of green health on hand that can be sold for $90,640. alternatively, maxim can process it further into a different product, premium green, at an additional cost of $6,050. if maxim processes further, the premium green can be sold for $98,700. the incremental income to process further is:
The incremental income to process further is:
Incremental revenue=$8000(98000-90000)
Incremental costs=$6000
Incremental benifit=$2000
In accounting, revenue is the overall amount of earnings generated by the sale of products and services related to the number one operations of the business. [1] commercial sales will also be called income or as turnover. a few companies get hold of revenue from hobby, royalties, or different charges.[2] "sales" may additionally talk over with profits in general, or it can refer to the quantity, in a monetary unit, earned at some point of a time frame, as in "ultimate yr, business enterprise X had sales of $forty two million".
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An account earned interest of 3% per year. The beginning balance was $150. The equation t=log1. 03e150 represents the situation, where t is the time in years and e is the ending balance. If the account was open for 7 years, which equation could be used to find the ending balance?.
$190 is the remaining balance.
What is the name for earned interest?The compensation a bank or other financial institution gives a depositor for keeping their money in a savings account is known as interest. By using the money placed to lend money to other customers, a bank effectively borrows money from its depositors.
You can't use accumulated interest until it is paid at the end of the period; it rises along with your interest earnings.
The details are as follows:
Interest rate = 3% annually.
Initial balance= $150
Equation: (E / 150) t = log1.03
Calculate E as 8 = log1.03 (E / 150).
E / 150 = (1.03) (1.03)
⁸\sE = (1.03)⁸ (150)\sE = 190 $
As a result, the final balance is $190.
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If the quantity of an input is variable in the short run, its total cost will as output increases. O A Increase O B Decrease Stay the same O D Rise then fall
If the quantity of an input is variable in the short run, its total cost will as output increases.
What happens to variable costs when output rises in the short term?The marginal cost curve will shift upward because an increase in output necessitates additional labor, which is also more expensive right now. Average total and average variable costs will climb along with the increase in total variable cost.
One element is constant in the short term. As a result, the price of this constant factor does not alter as the amount produced does. When one factor is fixed, the short-run total cost function displays the lowest total cost of manufacturing each amount. Whether or whether the commodity is produced at all, the fixed cost must be covered.
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A company can increase its return on investment (ROI) by ______.
a. borrowing additional funds
b. increasing sales
c. reducing operating expenses
d. increasing operating assets
The return on investment (ROI) of a business can be increased by
b. boosting sales
c. lowering operating costs
What is the purpose of return on investment, or ROI?ROI, often known as return on investment, is a number that investors can use to evaluate their investments and compare how well one investment has performed to another. Sometimes a ROI calculation is supplemented with additional techniques when developing a business case for a particular project.
What changes as ROI rises in relation to the investment?A higher ROI percentage indicates that a project's investment returns are larger than its costs. As a result, 40% ROI is calculated as 0.4 x 100. Ben is receiving a 40% return on his investment inside the project as a result of capital gains, which is a significant ROI percentage.
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Suppose expenses for medicare and medicaid are rising rapidly. Which strategy could the federal government use to solve this situation?.
To lessen the impact of rising federal spending, lower spending on defense and education while raising income and payroll tax rates.
What does a government being federal mean?Federal refers to the fact that there is a federal government as well as 50 state governments. A "republic" is a system of governance in which the people are the ultimate decision-makers but choose representatives to carry out their will.
The federal government's authority?The authority to levy taxes, control commerce, establish a uniform naturalization law, establish federal courts (subordinate to the Supreme Court), build and maintain a military, and declare war are only a few of the enumerated powers.
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Progress in meeting air quality standards has been slow because ___________________.
phil frugal has been saving his pennies since he was 5 years old. he is now 45 and deposits his savings in a bank. his pennies total $5,000. using this information and your knowledge of the banking system, select the best match for each item. then calculate the values of reserves, required reserves, and excess reserves. assume a required reserve ratio of 10%. a. the amount of interest the bank must charge on a loan required reserves excess reserves reserves none of these b. the amount of funds banks must, by law, hold in reserve required reserves excess reserves reserves none of these c. the amount a bank has on hand to fulfill the cash demands of its customers and the reserve requirements of the fed required reserves excess reserves reserves none of these d. the amount of reserves the bank owes to other banks required reserves excess reserves reserves none of these e. the maximum amount of reserves available for loans required reserves excess reserves reserves none of these f. the amount of reserves the bank must set aside to loan to member banks required reserves excess reserves reserves none of these enter the values of reserves, excess reserves, and required reserves. reserves: $ excess reserves: $ required reserves: $
If the statutory reserve ratio is 10% and the sum of his pennies is $5,000. $500 in reserves, $4,500 in excess reserves, and $5,000 in necessary reserves.
The three types of reserves are necessary, surplus, and reserves.
A - Reserves
Reserves = Pennies total × Reserve ratio
= $5000 × 0.10
= $500
B - Excess reserves
Excess reserves = Pennies total + Reserves
= $5000 - $500
= $4,500
C - Required Reserves:
Required reserves = Reserves + Excess reserves
= $500 + $4500
= $5,000
Because of this, the reserves are $500, the excess reserves are $4,500, and the required reserves are $5,000.
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What would help a company reduce the risk of developing products for which there is little or no demand?.
Integrating R&D and marketing department would help a company reduce the risk of developing products for which there is little or no demand.
What kind of relationship does R&D and marketing have?Integration enables the sharing of current market data between the marketing and R&D departments. In order to develop products that are viable and increase market share while lowering the risk associated with launching a new product, R&D departments can consider the needs of their customers.
What part does R&D play in developing a marketing strategy and putting it into action?Research and development (R&D) is the process of creating new, better products and services that address the needs of your target market and customers. The likelihood of success is higher for companies with an R&D plan than without one.
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what is the beta of a portfolio which consists of the following? enter you answer accurate to two decimal places. security $ invested beta a $2,000 1.38 b $5,000 0.47 c $9,000 1.70 d $4,000 1.08
The beta of a portfolio consisting of the stocks is 1.2365
Beta is a measure of the systematic risk of a stock. A well-diversified portfolio had a mix of high-beta and low-beta stocks. High-beta stocks ensure that returns are maximized when markets move higher and low-beta stocks ensure that capital is preserved when market trends lower.
As a first step, we need to calculate the weight of each stock in the portfolio.
Weight of Stock A = 2000 / ( 2000 + 5000 + 9000 + 4000 ) = 0.1
Weight of Stock B = 5000 / ( 2000 + 5000 + 9000 + 4000 ) = 0.25
Weight of Stock C = 9000 / ( 2000 + 5000 + 9000 + 4000 ) = 0.45
Weight of Stock D = 4000 / ( 2000 + 5000 + 9000 + 4000 ) = 0.2
Once we have the weight of the stocks, the portfolio beta can be calculated as follows -
Portfolio Beta = ( Weight of Stock A * Beta of A ) + ( Weight of Stock B * Beta of B ) + ( Weight of Stock C * Beta of C ) + ( Weight of Stock D * Beta of D )
Portfolio Beta = ( 0.1 * 1.38 ) + ( 0.25 * 0.47 ) + ( 0.45 * 1.70 ) + (0.2*1.08)
Portfolio Beta = 0.138 + 0.1175 + 0.765 + 0.216
= 1.2365
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what overall assessment would you provide the senior loan officer regarding ctek’s ability to repay a loan if granted? group of answer choicesrisk ratios are providing conflicting signals and rates of return are declining.risk is increasing while profitability is declining.profitability is increasing, but so is the risk of default.
Profitability is increasing, but so is the risk of default is the overall assessment would you provide the senior loan officer regarding ctek’s ability to repay a loan if granted.
What exactly is guarantor risk for loan?The greatest danger of becoming a loan guarantor is the risk of loan payback. Yes, if the principal borrower fails to return the loan, the loan guarantor is considered a defaulter and must refund the debt on time. The loan provider may request that the loan guarantor return the outstanding loan on schedule. Adjustable-rate mortgages (ARMs) are a particularly risky choice for borrowers in less-than-ideal financial situations due to their fluctuating interest rates. In reality, in the wrong conditions, some fixed-rate mortgages might be troublesome. If your guarantor fails to pay, your landlord may sue them. Your landlord may wish to evaluate your guarantor's ability to pay rent in the same way that they have investigated your ability to pay rent.
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wants to increase the profits of her e-business. what two things can she do to accomplish her goal of increasing profits?
In order to fulfill her goal of increasing earnings, she may either cut expenses or increase sales.
What does a business consist of?Businesses may be for-profit or nonprofit institutions. Associations, partnerships, limited liability company ( llc, and proprietorships are only a few of the various company structures.
Why is business so important?Business has a huge impact on our lives. They begin by creating goods and services that satisfy our needs and wants. Then they hire houses as employees and pay them wages and benefits. Thus, it turns into a source of income for them that they can use to support their lifestyle.
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find the present value of an annuity of $8000 paid at the end of each 6-month period for 2 years if the interest rate is 7%, compounded semiannually. (round your answer to the nearest cent.)
Compound interest is the interest on savings computed on both the initial principle and the interest earned over time.
Calculate CIWe apply the formula
[tex]A=P(\frac{200+r}{200})^{4}\\ A=8000(\frac{207}{200})^{4} \\ A= 18360.36801[/tex]
Compounding accelerates the growth of money, and the bigger the number of compounding periods, the greater the compound interest. Compound interest is interest based on the original principle plus all prior periods' accrued interest. The power of compound interest is the ability to generate "interest on interest." Interest can be added at any time, from continuously to daily to yearly.
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the process of an economy adjusting from a recession back to potential gdp in the long run without any government intervention is known as group of answer choices fiscal policy. an automatic mechanism. monetary policy.
The process of an economy adjusting from a recession back to potential GDP in the long run without any government intervention is known as fiscal policy.
The two essential examples of expansionary fiscal policy are tax cuts and multiplied government spending. both of those guidelines are intended to increase the mixture call for while contributing to deficits or drawing down budget surpluses.
Financial coverage is the manner by using which the government adjusts its spending and sales to persuade the broader financial system. by means of adjusting its stage of spending and tax sales, the authorities can affect the economic system by using both growing or lowering monetary interest inside the brief time period.
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information for two alternative projects involving machinery investments follows: project 1 project 2 initial investment $ (120,000) $ (90,000) salvage value 0 10,000 annual income 15,000 12,000 a. compute accounting rate of return for each project. b. based on accounting rate of return, which project is preferred?
The accounting rate of return (ARR) for Project 1 is -3.75% and Project 2 is -4.44%. Therefore, neither project is preferred based on the accounting rate of return.
a. The accounting rate of return (ARR) is calculated by dividing the average annual profit by the initial investment and expressing the result as a percentage.
For Project 1, the ARR is:
ARR = (Average annual profit) / (Initial investment)
Average annual profit = (Annual income - Depreciation) / 2
Depreciation = Initial investment / Useful life
Useful life = (Initial investment - Salvage value) / Annual depreciation
Annual depreciation = (Initial investment - Salvage value) / Useful life
Annual depreciation = 24,000 $
[tex]\displaystyle{\displaylines{($120,000 - $0) / 5 = 24,000}}[/tex]
Useful life = 5 years
[tex]\displaystyle{\displaylines{($120,000 - $0) / $24,000 = 5}}[/tex]
Average annual profit = -4,500 $
[tex]\displaystyle{\displaylines{($15,000 - $24,000) / 2 = -$4,500}}[/tex]
ARR = -3.75
[tex]\displaystyle{\displaylines{(-4,500) / 120,000 = -0.0375 = -3.75}}[/tex]
For Project 2, the ARR is:
Annual depreciation = 20,000 $
[tex]\displaystyle{\displaylines{($90,000 - $10,000) / 4 = $20,000}}[/tex]
Useful life = 4 years
[tex]\displaystyle{\displaylines{($90,000 - $10,000) / $20,000 = 4}}[/tex]
Average annual profit = 4,000
[tex]\displaystyle{\displaylines{($12,000 - $20,000) / 2 = -$4,000}}[/tex]
ARR = -4.44
[tex]\displaystyle{\displaylines{(-$4,000) / $90,000 = -0.0444 = -4.44}}[/tex]
b. Based on the accounting rate of return, neither project is preferred, since both have a negative ARR. The ARR is a measure of profitability that compares the average annual profit to the initial investment.
A positive ARR indicates that the project is profitable,
A negative ARR indicates that the project is not profitable.
In this case, both projects have a negative ARR, which means that they are not profitable.
Therefore, neither project is preferred based on the accounting rate of return.
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Maxine lost her job as an electrical engineer with a large company which had provided health insurance benefits for Maxine and her family. She now:
is protected under COBRA, which allows her continued health insurance coverage for 18 months as long as she pays the cost.
Maxine lost her job as an electrical engineer with a large company that had provided health insurance benefits for Maxine and her family. She now: is protected under COBRA, which allows her continued health insurance coverage for 18 months as long as she pays the cost.
Insurance is a means of protection from economic loss in which, in change for a fee, a party agrees to assure some other party reimbursement in the event of a certain loss, damage, or injury. it is a shape of danger management, in general, used to hedge against the risk of a contingent or uncertain loss. An entity that offers the coverage is known as an insurer, coverage employer, coverage carrier, or underwriter.
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Which of the following should be used in determining a potential project's operating cash flow?a. Incremental revenueb. Depreciation on new equipment purchased for the projectc. Incremental expensesd. All of the above
D. All of the above
Incremental revenue, Depreciation of new equipment purchased for the project, and Incremental costs are factors used in determining a potential project's operating cash flow.
Additional revenue is the income that a company generates from the sale of goods and services that are not the main revenue stream. Revenue Streams are the various sources from which a business earns money from selling goods or providing services. The type of income that a business records in its account depends on the type of activity the business performs. View categories and examples or core business operations. For example, famous sports arenas sell tickets to games and other events held in outer space. In this case, additional revenue will be generated from the sale of concessions, such as food and drinks sold in the arena.
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the buyer in misses' sportswear plans to purchase $4,200 (retail) worth of jackets. she has purchased 60 jackets costing $26 each which she plans to retail for $50 each. what markup percent must be obtained on the balance of jackets in order to average a 46.5% markup?
To average a 46.5% markup, the remaining markup on the jacket is $1953.
What is the Average Markup Price?There is no such thing as an average markup price because markup is indeed the difference between the selling price and the cost of the goods. Instead, there is an average markup rate, which is typically 50%. Markups differ from one contractor to the next and possibly from one project to the next. But as a general rule, the markup on materials will often range between 7.5 and 10%. According to the Corporate Finance Institute, some contractors would mark up materials by as much as 20%.
Can you negotiate markup?Feel free to haggle: If the vehicle you truly want has a market adjustment, consider offering half of its price. Dealers don't always expect buyers to pay the full markup. Dealership markup is what they include to raise the price of an automobile. It costs more than the MSRP from the factory. The difference between the price a dealership must pay the manufacturer for a car and the amount it receives from a customer at the moment of sale constitutes the dealership's gross profit on a given vehicle.
Briefing:Therefore:
Retail price of Jacket = $4200
Average Markup percent = 46.5%
Then the Markup balance = retail price × percent of average markup
=4200*46.5%
=$1953
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if an individual benefits from the activities of an organization but does not contribute to the organization, it is known as
Answer:
If an individual benefits from the activities of an organisation but does not contribute to the organisation, it is known as the free rider problem.
Explanation:
A free rider is someone who wants others to pay for a public good but plans to use it themselves; if many people do this, the public good may never be provided.
The "free rider conundrum" is a market failure that occurs when consumers use resources, goods, or services without paying for them. If there are too many free riders, there could be an excess of resources, goods, or services. There would be a problem with free riders as a result. Typical illustrations of the problem with public goods (goods with non-excludable benefits).
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typical causes of the fixed overhead spending (budget) variance include . multiple select question. differences between actual production volume and the volume level assumed when the fixed overhead rate was determined excessive spending on fixed overhead items dues to inadequate monitoring (cost controls) changes in operational efficiencies (that is, productivity changes) failure to anticipate or incorporate changes in spending for fixed overhead
The difference between the actual fixed overhead expense and the budgeted fixed overhead expense is known as the fixed overhead spending variance. An unfavorable variance indicates that real fixed overhead costs exceeded projections.
Since fixed overhead costs should be largely fixed (as their name suggests), the spending variation for fixed overhead should ideally not deviate significantly from the budget. A significant unfavorable variance, however, can result if the manufacturing process reaches a step cost trigger point where a brand-new expense must be incurred. Additionally, there may be some seasonality in fixed overhead costs, which could result in both positive and negative variances in specific months of the year but cancel each other out over the course of the entire year.
The level of production shouldn't affect this variance in any way besides the two previously mentioned instances.
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an investor has offered $150,000 for 20% of the company. the company has a pre-money valuation of $350,000. should the entrepreneur consider the offer?
The entrepreneur should consider the offer as D. Yes, the investor is asking for less than the value of the investment.
Should the investment be considered?An investor is a person or entity who uses his or her own money or the money of others in order to earn a profit. Investors can range from individuals purchasing stocks at home through their online brokerage account to multibillion-dollar funds investing globally. Any person who commits capital with the expectation of financial returns is an investor. Stocks, bonds, commodities, and mutual funds are all common investment vehicles.
An investment generates income or increases in value to other investors in one of two ways. Income is received in the form of interest payments on bonds or dividends on stocks.
It should be noted that the 20% of company share = 350000 * 20%
= 70000
Investor offered = 150000.
As the investor is offering more money for lesser share, we should accept the offer.
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An investor has offered $150,000 for 20% of the company. The company has a pre-money valuation of $350,000. Should the entrepreneur consider the offer?
A. it cannot be determined
B. No, the investor is not offering enough for the value of the company.
C. No, the investor is asking too great a percentage.
D. Yes, the investor is asking for less than the value of the investment.
question 3 when designing a dashboard, how can data analysts ensure that charts and graphs are most effective? select all that apply.
When designing a dashboard, a. Place them in a balanced layout b. Include as many visual elements as possible can data analysts ensure that charts and graphs are most effective by Place them in a balanced layout.
What exactly does a data analyst do?Data analysts assess the available information to better understand a company's clients and identify opportunities to use the data to address problems.
They inform the management of the organization as well as other stakeholders.
Many data experts consider the field of data analytics as stressful. This means that anyone thinking about a career in data analytics and science ought to reevaluate their goals and carefully weigh their possibilities.
Contrary to popular opinion, data analysis involves both "hard" and "soft" talents.
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Complete Question:
When designing a dashboard, how can data analysts ensure that charts and graphs are most effective? Select all that apply.
Multiple Choice Question. Please Choose The Correct Options:
A
Place them in a balanced layout
B
Include as many visual elements as possible
C
Incorporate all of the data points from the analysis
D
Make good use of available space
the expected return on the market is 18%. the expected return on a stock with a beta of 1.2 is 20%. what is the risk-free rate?
If the expected return on the market is 18%, the expected return on a stock with a beta of 1.2 is 20%, then the risk-free rate is 8%.
Why is stock used?A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
How are stocks and shares different from one another?The term "stock" refers to the holder's interest in one or more corporations. A single share of ownership in a firm is referred to as a "share" in contrast. For instance, if X has stock investments, X may have a portfolio of shares from various companies.
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if you expect a financial asset to increase in value you are considered bullish on that asset. which of the following statements are bullish positions? i. buying a call ii. buying a put iii. selling a call iv. selling a put
The bullish statements are i, iii and iv.
Buying or holding long positions is a bullish move. It basically means believing that the value of an asset will increase. A trader who is "bullish on gold," for instance, is one who anticipates an increase in the price of gold.
A bull can stand in for an idea or deed. A bullish person might invest in the assets they are bullish on. Alternatively, they might just believe that the price would increase but have elected not to make any trades in light of that belief.
Bullish positions can be very specific assessments of a single stock or they can be general assessments of the market.
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the general rule of thumb for new startups is to . a. immediately line up one committed investor with deep pockets b. avoid seeking investment for as long as possible c. seek many small investments from a wide range of people right away d. try to get as much funding as possible as soon as possible
The general rule of thumb for new startups is to avoid seeking investment for as long as possible
When does a business venture cease to be a startup?
The 50-100-500 rule was developed by Alex Wilhelm of Techcrunch and claims that an organization may no longer be considered a startup if its sales reaches $50 million, it employs 100 people or more, and it is valued at $500 million or more.
How long does it take a new business to turn a profit?
While a first-year profit is always appreciated, companies shouldn't be expected to be successful right away, and nobody should be counting on them to do so. The average timeframe for a business to become profitable is three to four years.
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behavior in which a dominant firm's pricing strategy is followed by other firms in the industry is called:
Behavior in which a dominant firm's pricing strategy is followed by other firms in the industry is called: price leadership.
The approach is a general plan to acquire one or more long-term or usual desires below situations of uncertainty. A method refers to a corporation's long-time period goals and how it plans to reach them. In other phrases, it shows the course to obtain the described imaginatively and prescient. A tactic refers to the particular actions taken to reach the set desires in line with the strategy.
A method describes how the ends (dreams) might be executed with the aid of the method (assets). the strategy may be supposed or can end up as a pattern of pastime as the business enterprise adapts to its environment or competes. It entails sports such as strategic making plans and strategic thinking.
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This year Andrews achieved an ROE of 43.4%. Suppose the Board of Directors of Andrews mandates that management take measures to increase financial Leverage (=Assets/Equity) next year. Assuming Sales, Profits, and Assets remain the same next year, what effect would you expect this new Leverage policy will have on Andrew's ROE? Group of answer choices None of the aboveAndrew's ROE will remain the same Andrew's ROE will decrease. Andrew's ROE will increase.
What impact do you anticipate this new leverage policy will have on Andrews ROE, assuming Sales, Profits, and Assets stay the same in the upcoming year?
The ROE of Andrews will rise.
Increase in financial leverage will increase in assets is more as proportionate to Equity.
ROE = Net income / Shareholder equity
If assets are increased, also there will be an increase in net income, while equity being same.
What is ROE?
The return on equity is a metric used to determine how profitable a company is in relation to its equity. ROE can also be viewed as a return on assets less liabilities because shareholder's equity can be calculated by adding up all assets and deducting all liabilities.
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recently, what has occurred in the efforts toward harmonizing differences in national accounting standards? multiple choice question. only developing countries seem interested in harmonizing the standards. there have been no attempts to harmonize the differences. there has been rapid movement toward harmonization. most developed countries have harmonized standards.
There has been rapid movement toward harmonization. recently, has occurred in the efforts toward harmonizing differences in national accounting standards.
Accounting: What Is It?Accounting is the process of recording financial transactions for a business.. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process. The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows. Accounting is an essential function for decision-making, cost planning, and measuring economic success, regardless of the size of an organization.
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which type of salvage cover is lightweight and practical for indoor or outdoor use, but is prone to melting when used to cover hot objects?
Vinyl is lightweight and useful for both indoor and outdoor applications, although it is prone to melting when used to cover hot things. Thus, the correct answer is Vinyl.
What is Vinyl?Vinyl is a man-made synthetic material, not a naturally occurring substance. It is a form of plastic manufactured from ethylene (a component of crude oil) and chlorine (found in regular salt). When both components are treated, they mix to make Polyvinyl Chloride resin, also known as Vinyl.
Vinyl is the most versatile material in the world, used to produce anything from food wrap to vehicle body components. Vinyl is made up of two simple building blocks: chlorine, which is derived from common salt, and ethylene, which is derived from crude oil.
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