The real exchange rate is=[tex]2480[/tex]
Exchange rate=nominal exchange rate*foreign-currency price of the same good in the foreign country
[tex]=20*120+4=2480[/tex]
In the world of finance, the exchange rate is the rate at which one currency will be exchanged for another. The majority of the time, currencies are national, but they can also be supra- or sub-national, as the Hong Kong dollar or the euro. Each country selects the system of exchange rates that will be applied to its particular currency. For instance, a currency may be hybrid, fixed, or floating. Governments have the power to impose limitations and restrictions on exchange rates. A country's currency may be robust or fragile. The economic literature is divided on the ideal national exchange rate. Instead, national exchange rate regimes are an expression of political variables.
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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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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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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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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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in many parts of the world, sales of unauthorized videos of hollywood movies cost the movie studios billions of dollars. when illegal copies of movies are made, what form of intellectual property has been wrongly appropriated?
In many parts of the world, sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars. When illegal copies of movies are made, Copyright is a form of intellectual property that has been appropriated.
What is Copyright?
The legal right of the owner of intellectual property is referred to as copyright. The right to copy is the simplest definition of copyright. The only people who have the sole right to reproduce a work are the original authors of that work and anyone to whom they grant permission.
For a specific period of time after which the copyrighted object enters the public domain, copyright law grants original material producers the sole right to continue using and duplicating their work. A work must be in physical form in order for copyright laws to protect it.
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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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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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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?
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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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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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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information on the statement of cash flows helps users answer all of the following questions except: multiple choice question. why was there a change in the cash balance? why did the company invest in long-term assets? where does a company spend its cash? how does a company obtain its cash?
Information on the statement of cash flows helps users answer all of the following questions except b) why did the company invest in long-term assets?
In the field of business, information of cash flow can be described as the total revenue that you are spending or saving. Cash flows show the ways how you have spent your revenue.
It shows how changes were made in your cash balance based on the revenue that you brought in or used. It shows all the places where the money by a person, a company or an organization was spent. It also shows the place from where the revenue was obtained.
However, through cashflows, we cannot determine the reasons for a company in a long-term investment.
Although a part of your question is missing, you might be referring to this question:
information on the statement of cash flows helps users answer all of the following questions except: multiple choice question.
a) why was there a change in the cash balance?
b) why did the company invest in long-term assets?
c) where does a company spend its cash?
d) how does a company obtain its cash?
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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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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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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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What kind of claim is used for billing provider fee-for-service claims to commercial health insurance companies?.
Professional paper declare shape (CMS-1500) is the correct answer here.
Which is common price for service fitness insurance plan that covers a element of services?Original Medicare is the best-known example of an FFS plan. At your healthcare provider's office, you pay the full fee for each service till you've reached your every year deductible. (One exception: Wellness visits are free.) After that, the provider payments Medicare for each person service.
What are three foremost sorts of healthcare offerings billing methods?The three fundamental fee-for-service techniques of compensation are cost based, cost based, and prospective payment. Under cost-based reimbursement, the payer concurs to reimburse the company for the charges incurred in presenting services to the insured population.
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https://brainly.com/question/18560729#SPJ4from the early 1940's to until 1976, what city had a virtual monopoly on the gaming entertainment business?
From the early 1940's to until 1976, Las Vegas city had a virtual monopoly on the gaming entertainment business.
What was the name of the principal current gambling club?
The principal advanced gambling club, Il Ridotto, opened its entryways in Venice in 1638. History specialists think about this the world's most memorable club . Italian for "confidential room", Il Ridotto was opened to engage benefactors of the Venetian Festival. Requesting food and drink was required and there was a severe clothing regulation of caps and veils.
Is the biggest gaming income delivering city on the planet?
From that point forward, Macau has become referred to overall as the "Betting capital of the world" or "Monte Carlo of the East". Betting the travel industry is Macau's greatest wellspring of income, making up around half of the economy.
What was the principal gaming organization?
However Sanders Partners got the main patent for a computer game in 1964, gaming organization Magnavox bought the patent from them and started delivering computer game frameworks in the mid 1970s.
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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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What are the benefits of recombinant dna technology that are not possible by traditional breeding programs?.
Recombinant DNA technology offers advantages over conventional breeding methods that cross species barriers and extend beyond domains.
Why do you use the word "domain"?In the context of network, the term "domain" can refer to both the structure of the internet and the organization of a company's network resources. A domain is typically a sphere of information or an area under one's control.
what is An example of a domain ?The physical address 198.102. 434.8, for instance, might be associated with the domain name example.com. and are two further instances of domain names. Web addresses are significantly simpler to remember and type when they are identified by a domain name rather than a numeric IP address.
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what would be the equilibrium price and quantity in cameroon and nigeria if free trade existed between the two countries?
Equilibrium in Free Trade: Large Country Case The equilibrium free trade price (PFT) and quantity traded (QFT), where QFT = XSUS (PFT) = MD Mex (PFT), are determined by the intersection of the U.S. export supply and Mexican import demand.
See "Depicting a Free Trade Equilibrium" in Figure 7.5.The price that brings together the demand for Mexican imports and the supply of American exports must be the free trade price, or PFT. The price that answers the algebraic problem XSUS(PFT)=MD Mex (PFT) is the free trade price.
Since SUS(PFT)DUS(PFT)=DMex(PFT)SMex(PFT) and SUS(PFT)+SMex(PFT)=DUS(PFT)+DMex(PFT), this also implies that global demand and supply are equal.
Equilibrium in Free Trade: Case of a Small Country The assumption of a small country states that the nation's imports constitute a very small portion of the global market—so small that even a complete reduction in imports would have no discernible effect on global demand for the product and, consequently, no effect on global prices.
To portray a deregulation harmony utilizing a commodity supply and import request outline, we should redraw the product supply bend considering the little nation suspicion. At the level of the world price, the assumption implies that the export supply curve is horizontal. For this situation, we call the bringing in country little. It views the world price as exogenous from the perspective of the small importer nation because it cannot influence it. From the exporter's point of view, it is willing to supply the importer with as much of the product as they need at the current global price.
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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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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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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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a small business uses display ads to help deliver relevant advertising to people browsing the web. which statement is true about where display ads connects with these valuable audiences?
Through partnerships with hundreds of other websites and social media platforms, the Display Ads reach viewers.
What is an display ad?Online ads known as "display ads" include language, visuals, and a call to actions (CTA) that directs the user to a new website. Display ads are frequently seen at a website's top, sides, or on occasion even right in the middle of the content.
Uses for display advertisementsAdvertising sales is a technique for luring a website's, social media platform's, or other digital medium's audience to take a particular action. These usually include text-based, image-based, or video advertisements that prompt readers to visit landing sites and take action.
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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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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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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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trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $6,540. the federal insurance contributions act (fica) tax for social security is 6.2% of the first $137.700 earned each calendar year, and the federal insurance contributions act (fica) tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $880.70. what is the total amount of taxes withheld from the trey’s earnings?
The total amount of taxes withheld from the trey’s earnings is $3,510.14.
Trey Morgan's net pay will be amount remaining after deducting the FICA taxes for Social security and Medicare and the Federal income tax withheld.
The net pay is therefore:
= 4,538 - (4,538 * 6.2%) - (4,538 * 1.45%) - 680.70
= 4,538 - 281.356 - 65.801 - 680.70
= $3,510.14
Federal income tax is the income tax paid to the federal government. Income tax is determined by a schedule or table. The more you earn, the more you will end up paying. Federal income tax rates remain unchanged for the 2022 tax year at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. However, the income limits for each class are adjusted slightly each year for inflation. Read on to learn more about the state income tax brackets for the 2022 tax year. Payroll taxes, which fund Social Security, Medicare, and unemployment benefits, are the second largest source of federal revenue, accounting for about one-third of total annual revenue.
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mary is looking for a job cutting hair. one option is self-employment at the manchester salon, where she would pay $840 per month to rent a station and keep all of her earnings. another option is to work at a franchise, where she would just have to pay the salon $8 for every haircut. if she performed a certain number of haircuts every month, the amount paid to either salon would be the same. how much would mary pay? how many haircuts would that be?
A lottery where awards are given out to the victors from among those taking a chance. a decision made by a lottery.: a situation in which the conclusion appears to be determined by random.
What do you mean Lottery ?At the Maryland Lottery headquarters in Baltimore, 1800 Washington Boulevard, winning tickets of any value may be cashed. Your ticket must be redeemed at the Lottery office if its value exceeds $25,000.
Fortunately, the shop is where you can pick up your reward money. Lottery shops are able to redeem all winning tickets for up to $600 in prizes. Cash, certified checks, cashier's checks, company checks, money orders, or any combination of these can be used by retailers to pay prizes.
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the income statement approach for estimating bad debts focuses on multiple choice question. current year's credit sales. average accounts receivable. total sales. end-of-year accounts receivable.
The income statement approach to estimate bad debts uses the percentage of current year's credit sales.
Why Bad Debt Estimation Matters?Bad debt is a type of accounts receivable of an organization that can no longer be collected from a customer because the customer is unable to pay the amount owed by the organization.Reporting bad debt increases your overall costs and reduces your net income. Therefore, the amount of bad debt a company reports will ultimately change the amount of tax it pays during a given tax period.Bad debts are generally classified as: selling, general and administrative expenses and included in the income statement.Where do bad debts written off appear on the income statement?Bad debt write-offs add allowances for bad debt accounts to the balance sheet accounts. This is then deducted from accounts receivable on the current balance sheet. The results are displayed as net receivables.
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