Government's efforts to stabilize the business cycle through fiscal policy can destabilize the economy due to the presence of:
Business cycles that are closely synchronized to the political cycle.
A different theory known as the political business cycle proposes that after being elected, a government of whatever hue first employs a contractionary policy to reduce inflation and build a reputation for economic competence.
Political business cycle logical preference for short-term political issues over macroeconomic considerations when forming economic policy may also have an influence on general monetary and fiscal policy. Politicians will make an effort to raise the natural or equilibrium rate of employment. As a result, inflation and interest rates will be higher than required. Short-term results of expansionary monetary and fiscal policy include decreased unemployment, economic growth, and advantages from higher government expenditure on public services.
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sonnagh sold a personal residence on june 30, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. what amount qualifies as a deduction from agi for sonnagh?
TDS must be subtracted from the entire sum paid or credited to the vendor. For instance, if the price of the property is 70 lakhs, the deduction will be made on the full amount, or on 70 lakhs.
When the amount exceeds Rs 50 lakh, TDS must be withheld by the buyer on the total sum that is paid to or credited to the seller. TDS must be taken property out on the total purchase price, or Rs 70 lakh in this case, not only the Rs 20 lakh that exceeds deduction the Rs 50 lakh barrier. According to Section 271H, the fine for failing to pay TDS on movable property may reach Rs. 1 lakh.
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after allison had been a manager for a few years, she realized that her employees liked to feel as though their ideas were valued. after she made a decision, she would hold a meeting in which she would let her staff make decisions about some of the details of implementation. which perspective on motivation is closest to allison’s thinking at this point in her career?
Think of potential, alternate ways to solve the issue. Allison made a good starting point by recognizing the decision requirement and investigating the root causes of the issue. Finding every potential answer to an issue comes after it has been thoroughly examined. Following the creation of remedies for the issue, Allison will have to select and implement the most workable course of action.
How do I complete the Alison program?With the help of our useful learner dashboard, you can manage your time, monitor your learning, and observe your knowledge expanding. You are free to take or retake an assessment on Alison whenever you like, but passing marks of 80% or higher are required.
Can I take Alison's evaluation again?You can take or retake an exam on Alison whenever you like, but passing requires a score of 80% or above. You will have successfully completed your course if you have passed all of the examinations for it.
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Black company has net credit sales of $500,000, an asset turnover ratio of 3, an inventory turnover ratio of 5, and a receivables turnover ratio of 6. What is the average collection period?.
Black company has net credit sales of $500,000, an asset turnover ratio of 3, an inventory turnover ratio of 5, and a receivables turnover ratio of 6. the average collection period is 73 days
Collection period can also be calculated as =365 days/average receiving turnover ration=365/5=73 days. The average collection period is the length of time it takes for a company to obtain accounts receivable payments due from its clients (AR). To make sure they have enough cash on hand to cover their financial responsibilities, businesses employ the average collection period. For businesses that largely rely on receivables for their cash flows, the average collection period is a crucial number since it shows how well a company manages its accounts receivable. The amount of time it takes for a business to collect its accounts receivables is referred to as the average collection period.
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a valid contract has four elements: mutuality, consideration, legal object, and a) an earnest money deposit. b) an official seal. c) in writing and signed. d) competent parties.
a valid contract has four elements: mutuality, consideration, legal object, and competent parties
Which of the following is required for a binding legal agreement?
Mutual consent, demonstrated by a valid offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for the agreement to be a legally enforceable contract.
In a contract, what exactly is competency?
In general, a person in the US has the capacity or competence to decide whether to engage into a contract if they are able to comprehend and value, to the extent applicable, all of the following: (a) The rights, obligations, and liabilities that the ruling affects or creates.
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raquel got a prescription to manage her asthma. the medicine is supposed to cost $150, but with her insurance, all she had to pay was a predetermined $20 fee for the prescription. what is the $20 fee called?
The coinsurance payment would be $20.The patient is accountable for a predetermined amount of the prescription cost under a percentage-based insurance plan, which is frequently expensive for specialty drugs.
Which four forms of payments are there?
Payments types
Cash is one of the most widely used payment options (bills and change).
These are bought with a personal check drawn on the buyer's account (US check). Debit Card: Using a debit card to make a purchase deducts money directly from the buyer's account.
Debit and credit cards have similar appearances.
Which form of payment?
Banknotes and coins (cash), deposits, and credit on an account with a financial institution or an equivalent entity that can be operated using payment instruments are all considered means of payment.
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You are thinking of buying a bond from Bluestone Corporation. You know that this bond is long term and you know that Bluestone's business ventures are risky and uncertain. You then consider another bond with a shorter term to maturity issued by a company with good prospects and an established reputation. Which of the following is correct? a. The longer term would tend to make the interest rate on the bond issued by Bluestone higher, while the higher risk would tend to make the interest rate lower. b. The longer term would tend to make the interest rate on the bond issued by Bluestone lower, while the higher risk would tend to make the interest rate higher. c. Both the longer term and the higher risk would tend to make the interest rate lower on the bond issued by Bluestone. d. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Bluestone.2. During periods of deflation, the nominal interest rate will be a. higher than the real interest rate. b. lower than the real interest rate. c. the same as the real interest rate. d. possibly higher, lower, or the same as the real interest rate. The answer depends on how much deflation there is in the economy3. The CPI is calculated a. weekly. b. monthly. c. quarterly. d. Yearly.
1. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Bluestone. 2. During periods of deflation, the nominal interest rate will be b. lower than the real interest rate. 3. The CPI is calculated d. Yearly.
The interest charge that does not take inflation into account is referred to as the nominal interest charge. When there is deflation, the nominal interest rate falls while the real interest rate rises. The nominal interest rate must be subtracted from the price increase rate to get the actual interest rate.
The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that families typically use, is the most well-known measure of inflation.
Divide the cost of the market basket in year t by the cost of the identical market basket in the base year to determine the CPI in any given year.
The CPI in 1984 was equal to $75 divided by $75 multiplied by 100. The CPI is merely an index value, and in this case, 1984 serves as the base year for its indexing to 100. Thus, during those 20 years, prices have increased by 28%.
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according to the theory of purchasing power parity, if the price level in the united states rises by 5% while the price level in mexico rises by 6%, then the dollar will a. appreciate 5% relative to the peso. b. depreciate 5% relative to the peso. c. appreciate 1% relative to the peso. d. depreciate 1% relative to the peso. part 2 reasons why the theory of purchasing power parity might not fully explain exchange rate movements include a. changes in the domestic price level that exceed changes in the foreign price level. b. changes in foreign price levels that exceed changes in the domestic price level. c. changes in the prices of goods and services not traded internationally. d. differing monetary policies in different countries.
According to the theory of purchasing power parity, if the price level in the united states rises by 5% while the price level in Mexico rises by 6%, then the dollar will.
1..... D. appreciate 1% relative to peso.
The theory of PPP explains that exchange rate is automatically changed according to change in the price level of relative countries . As price level increases more in Mexico by 1% so peso will depreciate by 1% or dollar will appreciate by 1% .
2...... B. Changes in the prices of goods and services not traded internationally.
According to the theory of PPP , the exchange rate of two currencies depends upon prevailing price levels in both the countries. However all goods are not traded , how these not traded goods prices affects exchange rate?. This theory doesn't fully explain this scenario.
Purchasing is the process a business or enterprise makes use of to accumulate goods or services to perform its goals. although there are several companies that try to set standards inside the shopping manner, procedures can range greatly between corporations.
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control is the management function that provides a. leadership, communication, and motivation. b. structure and human resources management. c. standards, measurement, and comparisons. d. goals, objectives, strategies, and plans for success.
Answer: c. standards, measurement, and comparisons
Explanation:
Control is the management function that provides standards, measurement, and comparisons. Thus the correct option is C.
What is controlling?Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The goal of control is to make sure that activities are carried out in compliance with the specified standards.
Any type of irregularity is detected through controlling, and appropriate corrective measures are then put in place. This aids in closing the gap between expected and actual performance, hence assisting in the achievement of organizational goals.
By examining the corporate environment and looking for challenges and possibilities, the purpose of the management process is determined. Therefore, option C is appropriate.
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19. all of the following are true statements about discussion-based exercises except: a. they do not involve deployment of resources. b. they focus on strategic, policy-oriented issues. c. they are used to validate a specific function in a single agency. d. they are used to develop new plans, policies, agreements, and procedures.
All of the following are true statements about discussion-based exercises except they are used to validate a specific function in a single agency.
Tell me about resources.A resource is a piece of tangible property that people appreciate and need, like water, air, or land. Resources can be classified as renewable or nonrenewable; a renewable resource has an unlimited supply, whilst a nonrenewable resource has a finite supply.
What makes the resources important?For the following reasons, resources are essential for people: When employed as a raw material, resources provide for human necessities and comforts. A source of agricultural operations is natural resources, which increases the economic significance. Additionally, they offer employment possibilities.
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When the allowance method of recognizing bad debt expense is used, the entries at the time of collection of an account previously written off would?a.) Increase net incomeb.) Decrease total current liabilitiesc.) Have no effect on total current assetsd.) Increase working capital
When the allowance method of recognizing bad debt expense is used, it will have no effect on total current assets
The allowance method creates a reserve account known as the allowance for doubtful accounts and estimates the bad debt charge at the end of the fiscal year. The provision for doubtful accounts, as suggested by its name, provides a forecast of receivables that are "doubtful" to be paid.
The allowance approach uses adjusting entries to write off specific customer accounts that have been determined to be uncollectable and estimates the "bad debt" charge near the conclusion of a quarter. Because it lowers the value of an asset in this case, the accounts receivable allowance for dubious accounts is referred to as a contra asset. The allowance, also known as a bad debt reserve, is management's projection of the number of accounts receivable that customers will not pay.
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on may 22, jarrett company borrows $7,800, signing a 90-day, 6%, $7,800 note. what is the journal entry made by jarrett company to record the transaction?
Company borrows $7,800, signing a 90-day, 6%, $7,800 note and the journal entry made by company to record the transaction is Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650.
A debit note, additionally called a debit memoranda, is usually employed in business-to-business transactions. Such transactions typically involve associate extension of credit, which means a marketer sends a cargo of products to a corporation before the buyer's price is paid. The note tells the customer that the vendor has debited their account.
A Credit Cash (CC) is a short supply of funding for a corporation. In alternative words, a money credit may be a short loan extended to a corporation by a bank. It permits a corporation to withdraw cash from a checking account while not keeping a credit balance. The account is restricted to solely borrowing up to the borrowing limit.
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autumn wants to start a business. she has two goals. first, she doesn't have much money but she's ready to get business up and running with the least possible hassle and expense. second, she wants to minimize her personal risk in the event that her company experiences difficulties. if autumn chooses a sole proprietorship, she would
Autumn chooses a sole proprietorship then would be the sole owner of the company and she will get the whole share of the profit.
What is sole proprietorship?
A sole proprietorship or sole trader is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.
Most small businesses start as sole proprietorships and end up transitioning to a limited liability entity or corporation as the company grows.
One of then main disadvantage of this business is that they do not have any government protection, as they are not registered.
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Creating compelling visuals for presentations requires people to learn what new tools?
Visme, Haiku deck, pitcherific, Microsoft events, Canva, Powtoon, Videoscribe, etc. are the new tools one can learn for Creating compelling visuals for presentations.
You may build extremely visual presentations with Visme, a cloud-based presentation tool, to engage viewers and convey your thoughts. Business owners may design simple, attractive presentations with high-quality visuals using Haiku Deck. For a variety of publications linked to business, such as resumes, newsletters, business cards, media kits, brochures, and infographics, Canva is an online platform that offers templates. Small businesses can adapt their presentations using VideoScribe, a platform for whiteboard video presentations. Powtoon is an animated presentation and video creation tool that you can use to make quick presentations and videos about your company or product.
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what amount of cash would result at the end of one year, if $21,000 is invested today and the rate of return is 10%? (pv of $1 and pva of $1)
$23100 is the amount of cash would result at the end of one year, if $21,000 is invested today and the rate of return is 10%
The amount invested = 21000
Interest for 1 year (21000*0.10)= 2100
Total cash after 1 year = 23100
Investment is the willpower of cash to buy of an asset to acquire an boom in fee over a period of time. funding calls for a sacrifice of a few gift asset, along with time, money, or attempt. In finance, the purpose of investing is to generate a return from the invested asset.
An investment involves putting capital to apply nowadays a good way to boom its price through the years. An funding requires putting capital to work, in the shape of time, cash, effort, etc., in hopes of a greater payoff within the destiny than what turned into at the start installed.
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,
As the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines, then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.
An elastic price demand means that when there is an effect on the price of a product, its selling rate is to be heavenly influenced by it.
In the above scenario, as the government had increased the per unit tax, the prices of that particular good increase in the market. As a result, people reduced the number of buying that product. This means that the production rate of that product also lowered. Hence, the total revenue even after imposing more tax on the product got declined.
Although a part of your question is missing, you might be referring to this question:
The government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,
a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1
b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1
c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1
d. the demand is elastic and the coefficient of price elasticity of demand is less than 1
e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1
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which of the following is an advantage of a sole proprietorship? select one. question 4 options: a. ease of selling business assets b. limited liability c. business income not subject to self-employment tax d. all of the above
The advantage of a sole proprietorship is ease of selling business assets.
Due to a lack of governmental regulation, a sole proprietorship is the most simplest type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of businesses.
Compared to other business models, selling company assets is simpler for sole proprietorships. In a sole proprietorship, the owner's liability is unlimited, and all business revenue is liable to self-employment tax.
Small enterprises with little risk and little profit are best suited for sole proprietorships. These firms typically serve a small, loyal set of clients rather than a broad range of clients.
The correct option is option a. ease of selling business assets.
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first cost $8000 $6000 $6000 $9500 uniform annual benefit 1750 1300 1425 1900 computed rate of return 17.5% 17.3% 19.9% 15.1% (a) construct a choice table for interest rates from 0% to 100%. (b) using 12% for the marr, which alternative should be selected?
For the solution for the uniform annual benefit the following steps are to be followed:
The next four options are mutually alternatively and have no value after ten years.
A B C D
Initial Outlay $8000 $6000 $6000 $9500
Annual Benefit for 10 years 1750 1300 1425 1900
Computed rate of return 17.5% 17.3% 19.9% 15.1%
(a) Rate of Interest A B C D
5% 5513 4038.25 5003.47 5171.29
15% 782.84 524.39 1151.74 35.66
25% -1751.62 -1358.34 -912.03 -2716.04
45% -4205.77 -3181.43 -2910.41 -5380.55
60% -5109.86 -3853.04 -3646.60 -6362.13
80% -5818.6 -4379.55 -4223.74 -7131.65
100% -6251.71 -4701.27 -4576.39 -7601.85
(b) NPV at different rates of return:
Discount the uniform annual benefit at 5%
A = 8000 - 1750/(1+0.05)[tex]^{10}[/tex] + 1750/(1 + 0.05)[tex]^{9}[/tex] + ... + 1750/(1 + 0.05)[tex]^{1}[/tex]
A(NPV) = 5513
At 12% for MARR:
A B C D
Outlay at 8000 6000 6000 9500
Annual CF 1750 1300 1425 1900
NPV at 12% 1887.89 1354.29 2051.57 1235.42
With an NPV of 2051.57, Project C should be chosen.
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first cost $8000 $6000 $6000 $9500 uniform annual benefit 1750 1300 1425 1900 computed rate of return 17.5% 17.3% 19.9% 15.1% (a) construct a choice table for interest rates from 0% to 100%. (b) using 12% for the marr, which alternative should be selected?
you are learning about a prospective employer as you prepare for a face-to-face interview. what online resource can you use when gathering information?
There are numerous sources of information available. It can include books, articles from magazines and newspapers, countless Web sources, and data gathered from experiments and field research.
online resourceIn general, internet web pages and documents provide useful information. While most online resources are data and educational in nature, any online support software can also be considered a resource.
The evaluation of internet resources is a critical phase in any research process. Finding reliable content should be a component of your research process.
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a non-profit organization has obtained a temporary daily on-sale license for a fundraiser. who within the organization has to be rbs certified? a. the alcohol pourers b. the alcohol servers c. a designated person d. the owner
The alcohol pourers must be RBS certified because he has a temporary day on-sale license for a benefit.
What does RBS Training Program entail?Assembly Bill 1221 (2017), which aims to decrease the harm that alcohol does to local communities, created the Responsible Beverage Service Training Program Act. In order to ensure that on-premises servers of alcoholic beverages and their managers are aware of the dangers of serving alcohol to minors and overserving customers, the bill required the Department of Alcoholic Beverage Control to establish the Responsible Beverage Service Training Program (RBSTP).
Any on-premises alcohol server or management must register in the RBS Portal and finish training with a certified RBS Training Provider to meet the new training requirements.
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a portfolio comprises coke (beta of 1.6) and wal-mart (beta of 0.6). the amount invested in coke is $10,000 and in wal-mart is $20,000. what is the beta of the portfolio?
The beta of the portfolio comprising of coke and wal-mart is 0.93.
Any collection of financial assets, such as cash, bonds, and stocks, is referred to as a portfolio. Portfolios may be handled by banks, hedge funds, other financial institutions, financial specialists, or individual investors.
According to the proportions of the investments in the portfolio, the beta of a portfolio is the weighted total of the betas of the individual assets.
Amount invested in Coke= $10,000 with beta 1.6
Amount invested in wal-mart= $20,000 with beta 0.6
We have to find beta of the portfolio containing both coke and wal-mart.
10,000+20,000=30,000
= 10,000/30,000*(1.6)
=1.6/3
=0.53
= 10,000/30,000*(.6)
=0.6/3
=0.4
0.53+0.4=0.93
Therefore, the beta of the portfolio is 0.93.
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by using economies of scale, successful start-up firms are able to shift their short-run cost curves in which directions?
Answer: Downward & to the right
Explanation:
The offered statement states that the directions are downward and to the right.
What do you think "economic" means?Economics seems to be the study underlying scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are highly important to society.
What is an economic example?As maize output grows, farmers cut the price of a crop in order to sell their yield. When there is an imbalance between supply and demand, since there must be enough grain to feed the entire country, production must be wasted, which costs farmers income.
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what tools can a project manager use to account for issues that may cause a project delay? select all that apply.
Task buffers, Sub-tasks, Gantt charts, and Project buffer are tools that project managers use to track issues.
What are the various reasons for project delays?Delays, however, can occur for a number of reasons, including bad weather, equipment failures, labor shortages, missing or incorrect data, project errors, and conflicts.
Which of the following four project delays are they?Delays can be categorized in four different ways: as critical or noncritical, excused or not, compensable or not, concurrent or not, and excusable or not. The analyst must determine whether the delay is critical or noncritical before assessing how it will affect the Project.
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korbyn enters into a contract with peyton to sell peyton a 1956 roadster. the contract has a condition precedent that the roadster will pass inspection by an independent appraiser, verifying that the roadster contains all original parts and is in good working order. this contract provision means that: if the appraisal is not satisfactory to both parties, the contract price will be adjusted accordingly. peyton must have the appraisal completed within thirty days of performing the contract and provide the results to korbyn. peyton is not required to perform under the contract until the appraisal is complete. peyton must pay for the roadster at the time of contracting, and korbyn will then order the appraisal.
A contract is understood to be a legally binding pact between two or more parties. Law frequently supports it. Due to this clause in the contract, Peyton is not required to start working until the appraisal is finished.
What is a contract?A contract is a legally binding agreement that unites, specifies, and governs the rights and obligations of two or more parties. The majority of the time, contracts involve the transfer of goods, services, or money, or the promise to transfer any of those at a later date. A party who has been affected by a contract breach may file a lawsuit to obtain restitution or other court-ordered remedies. Contract law, the area of law that deals with contractual obligations, is built on the principle that agreements must be upheld. Contract law varies based on the jurisdiction, just like other facets of private law. Common law jurisdictions, civil law countries, and mixed law jurisdictions—which have elements of both common and civil law—can be used to categorize the various jurisdictional frameworks for contract law.
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1) the company paid cash to purchase $9,400 of inventory. 2) the company sold inventory that cost $8,500 for $15,000 cash. 3) operating expenses incurred and paid during the year, $4,800. note: sanchez uses the perpetual inventory system. what is sanchez's gross margin for year 2?
Sanchez's gross margin for 2nd year 6,500 ; $2,000
How is it calculated?Below is a graph showing how the gross margin was calculated for year two:
Knowing that gross margin is sales minus cost of goods sold ($15,000 minus $8,500 equals $6,500),
To determine retained earnings, we must first determine the net income for both years, which is displayed below:
Annual Sales: 8,400
Less: the $4,300 cost of goods sold.
Operating costs ($3,800) are lower.
$300 in profit
Year 2 sales were $15,000
Cost of goods sold ($8,500) is lower.
Operating costs ($4,800) are lower.
income of $1,700
What is the Conclusion?Thus, the retained earnings are equal to $2,000 ($300 + $1,700).
To calculate the retained earnings, we simply combined the net income from years 1 and 2.
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in the case of reporting the financials of intangible assets such as a logo or a trademark, it can bewidely inaccurate. simply because intangible assets can have a cost that does not represent the value of its message branding. the cost to physically create a logo does not accurately represent its historical value. however, there are instances where the intangible recorded in financial reports will represent high dollar amounts. in those cases, the intangible was acquired from another company for an agreed amount of money
Build permits, broadcase rights, service or procurement, and franchise and license agreements.
What do finances in business mean?Balance sheets are a collection of records that demonstrate the financial standing of your business at a given period. They provide important information regarding the assets and debts of your business as well as its earnings and expenses. Balance sheet, income statement, cash flow statement, and statement of comprehensive income.
What are included in financials?The financial statement, the net income, and the statement of cash flow are the three primary forms of financial statements. Together, these three statements display a company's assets, liabilities, revenues, expenses, and future revenues from financing, employing, and operating operations.
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1.3% complete question in the area of workplace surveillance, what is monitoring data communications and employee's behavior called?
The area of workplace surveillance is monitoring data communications and employee behavior called: Security assurance.
In computing, facts are statistics that have been translated into a shape this is green for movement or processing. Relative to trendy computer systems and transmission media, information is data transformed into binary digital shapes. it's far applicable for information for use as a singular subject or a plural problem.
Data can come in the shape of text, observations, figures, pictures, numbers, graphs, or symbols. as an example, statistics would possibly include character costs, weights, addresses, ages, names, temperatures, dates, or distances. information is an uncooked shape of knowledge and, on its own, doesn't convey any importance or motive.
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which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the individuals performing these services do not also perform the audit
The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.
The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.
A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.
To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.
The given question is incomplete, the complete question is:
Which statement best describes the SEC rules relating to bookkeeping services?
a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.
b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.
c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.
d. An accountant generally cannot provide bookkeeping services to an SEC audit client.
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3. for a perfectly competitive firm, if economic profits exist, how will this impact the number of firms in the industry? if economic losses exist? what will long-run economic profits be for the perfectly competitive firm?
The existence of economic profit attracts market entry, economic loss attracts market exit, and in the long run firms in perfectly competitive firms do not achieve economic profit. The long-term supply curve of industries whose input prices do not change when they expand (industries with constant costs) is a horizontal line.
This happens in a perfectly competitive industry when the economic profit is greater than zero: New firms outside are enticed to enter the industry because the cost of entering a perfectly competitive industry is almost zero. business, when they're not making a profit Profit, is total sales minus total costs.
Total cost includes all the company's opportunity costs. In a zero-profit equilibrium, the company's profits compensate the owners for the time and money they put in to keep the business going.
As long as a firm is making a positive economic profit, new competitors will continue to enter the market, reducing demand to the original firm's marginal return curve. The long-run equilibrium is shown on the diagram at point Y where the firm's perceived demand curve touches the average cost curve.
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the special journals are exclusive in the data they contain, for instance, the cash receipts journal only contains cash receipts. within the journal the different sources of data may also be classified
The data in the special journals is unique; for example, the cash receipts diary only contains cash. The various data sources inside the journal may also be categorized. The assertion is accurate.
By data, what do you mean?Data is data that is transformed into a format that is useful for transfer or processing in computing. Data is information that has been transformed in binary digital form for use with modern computers and communication mediums. The topic of data may be used in either the singular or the plural.
What function does data serve?Organizations can set baselines, benchmarks, and targets using good data in order to keep moving forward. Data makes it possible to measure, so you can create baselines and identify benchmarks.
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Which of the following is not one of the benefits that creditors and investors can derive from the statement of cash flows?
A. Assess the company's ability to generate future cash flows.
B. Asses the company's ability to pay future cash dividends.
C. Explain the difference between net income and net cash flow from operating activities.
D. Assess the effectiveness of management's borrowing policy.
Assess the company's ability to generate future cash flows is not one of the benefits that creditors and investors can derive from the statement of cash flows. The term cash flow refers to the net amount of cash and cash equivalents transferred into and out of a business.
Cash flow from operations consists of expenditures incurred during the normal course of business. Payroll, cost of goods sold, rent, and utilities are all examples of cash investors. When business operations are highly seasonal, cash outflows can vary greatly. A cash flow statement details a company's cash inflows and outflows over time. The income statement is the most common financial statement and shows a company's revenues and total expenses over time, including noncash accounting such as depreciation.
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