Adjusting entries are a group of journal entries made at the conclusion of the accounting period to ensure that the balances of all the accounts are current and accurate. Simple applications of the accrual basis of accounting are adjusting entries.
What does the accounting term "adjustment" mean?Simply said, an adjusting entry is a change you make to your books to better match your revenue and expenses with your financial statements. At the conclusion of the accounting period, adjusting entries are made. This can happen towards the conclusion of the month or the year.
Utility bills, salaries, and taxes are a few examples of expenses that are typically billed at a later time after they have been incurred. An adjustment entry is made to eliminate the account payable that was previously recorded together with the accumulated expense when the cash is paid.
Main Points : At the conclusion of an accounting period, adjusting journal entries are written in a company's general ledger to comply with the matching and revenue recognition standards. Accruals, deferrals, and estimations are the three most typical types of adjusting journal entries.
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what document describes the portion of work to be purchased in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it?
A contract describes the portion of work to be purchased in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it.
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.In its simplest definition, it is a legally enforceable promise. A promise can be to do something or not to do somethingConcluding a contract usually requires the mutual consent of two or more people, one making the offer and the other accepting.A binding agreement between two or more persons or partiesA document describing the terms of a contractA contract is an agreement between two parties that creates an obligation to perform (or not perform) certain obligations.Thus, it is a document that describes the portion of work related to business in detail.
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5. turnkey systems, inc. began the month of june, 2014 with a prepaid expenses balance of $240,000. during the month, debits totaling $110,000 and credits totaling $80,000 were made to the prepaid expenses account. what was the june, 2014 ending balance of prepaid expenses? a debit balance of $210,000 a credit balance of $210,000 a debit balance of $270,000 a credit balance of $270,000
The net residual balance in an account is the finishing balance. It is typically measured as part of the closing process at the conclusion of a reporting period. The process of calculating an ending balance involves adding the amount of all transactions in an account to the initial balance.
The following formula can be used to determine the final balance of prepaid expenses:
Beginning balance plus debit entries minus credit entries equals the final balance. We are informed of the following:
Start-Up Balance: $240,000
$110,000 in total debit entries
$80,000 total credit entries
Consequently, the ending balance is 24000+110000-80000, or 270,000.
$270,000 will be the final sum of prepaid expenses.
An item that has been paid for in advance but has not yet been recorded as an expense by a corporation is documented at a specific point in time. In other words, prepaid expenses are outlays that are made during one accounting period but won't be recorded until a subsequent one.
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a company determines that the number of units sold is the cost driver for its variable selling and administrative expense budget. the product of its variable selling and administrative rate and budgeted unit sales will be .
The product of the company's variable selling and administrative rate and budgeted unit sales will be the company's variable selling and administrative expense budget.
What is budget?
A budget is an estimate of income and expenditures for a given future period of time, and it is typically created and updated on a regular basis. A person, a group of people, a business, a government, or pretty much anything else that makes and spends money can all have budgets. Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive items without going into debt. It doesn't have to be tedious, you don't have to be good at math, and keeping track of your income and expenses doesn't mean you can't purchase the items you want. Simply put, it indicates that you will have more financial control and knowledge of your spending.
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jason needed help with his construction job and called on his cousin jeff to assist. jason told jeff that window trim needed to be cut and installed and detailed how to turn on the saw, how to make adjustments to it, how to use it to make the cuts, and how to turn it off. which method of informing is jason using?
Method of informing is jason using the verbal method of informing.
What is Method ?
The scientific method is an empirical way of collecting knowledge that has characterised scientific advancement since at since the seventeenth century It entails thorough observation and applying severe scepticism to what is seen, given that cognitive preconceptions can alter how the observation is interpreted. It entails developing hypotheses based on such observations through induction; testing hypotheses by experimental and measuring system statistical testing of inferences made from the hypotheses; and refining (or eliminating) hypotheses based on experimental findings. These are scientific method principles, as opposed to a set of processes that must be followed by all scientific endeavours.
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congress created the federal reserve system question content area bottom part 1 a. to process the receipt of taxes received by the internal revenue service. b. to regulate the value of the u.s. dollar against foreign currencies. c. to provide a source of mortgage loans to the residential housing market. d. to serve as a lender of last resort.
Bank runs caused by a particularly bad crisis in 1907 wrecked havoc on the frail banking system and eventually prompted Congress to draft the Federal Reserve Act in 1913.
In order to deal with these banking panics, the Federal Reserve System was initially established. It was established by the Congress to give the country a more secure, adaptable, and stable financial and monetary system. On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, thereby establishing the Federal Reserve. The Federal Reserve Act was approved by the Senate and signed by President Woodrow Wilson on December 23, 1913, after several months of deliberation and almost entirely party-line vote. To promote economic stability, President Woodrow Wilson signed the 1913 Federal Reserve Act, granting the 12 Federal Reserve banks the authority to manufacture money. 1 The dual mandate was established by the Federal Reserve System to increase employment and control inflation. In order to maintain public confidence in the banking system, oversee and regulate the banking sector, and serve as a lender of last resort in times of financial emergency, the Federal Reserve was established in 1913. It helps to build and stabilize the monetary systems across the country. It manages the payment system, enforces consumer protection laws, regulates financial institutions, offers financial services to the government, and sets monetary policy of Congress.
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an appliance manufacturer has partnered with a non-governmental organization dedicated to rebuilding used consumer products for communities in developing economies that need safe and reliable household goods. as a result of this collaboration, the manufacturer has redesigned its appliances to include post-consumer recycled plastics from developing nations, to reduce their landfill waste while providing for their basic needs. which element of sustainability does this best describe?
Collins Makes briefcases and duffel bags. They bring their raw materials from East Africa, where they have a processing plant. They are now looking to increase their productivity by either renovating existing equipment or purchasing completely new equipment.
Africa is the arena's 2d-biggest and 2nd-maximum-populous continent, after Asia in each instance. At approximately 30.3 million km2 (eleven.7 million square miles) which includes adjoining islands, it covers 6% of Earth's total surface location and 20% of its land place. With 1.4 billion humans as of 2021, it accounts for about 18% of the world's human populace. Africa's populace is the youngest among all of the continents; the median age in 2012 turned 19.7 while the worldwide median age was 30.4. No matter the wide range of natural resources, Africa is the least wealthy continent according to capita and second-least rich by using total wealth, at the back of Oceania.
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dake corporation's relevant range of activity is 3,100 units to 6,500 units. when it produces and sells 4,800 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 3.10 variable manufacturing overhead $ 1.75 fixed manufacturing overhead $ 3.00 fixed selling expense $ 1.05 fixed administrative expense $ 0.75 sales commissions $ 0.85 variable administrative expense $ 0.75 for financial reporting purposes, the total amount of product costs incurred to make 4,800 units is closest to:
The total production cost incurred if 6,800 units are produced is $ 33603.1
The manufacturing overhead is an indirect cost. It is allocated based on a predetermined rate. We will take into account only the direct materials and direct labor.
For 4,800 units:
Total direct manufacturing cost= 4,800 × ( $ 7.00+ $ 3.10)
Total direct manufacturing cost= $ 33603.1
What is total manufacturing cost?
Total manufacturing cost, or simply the cost of producing the things that will be sold to customers, is the sum of all the money that a firm spends on its manufacturing operations. As implied by the name, it considers every single expenditure.
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independent review and appraisal a.origination of initial entry into accounting system b.accounting and cash collection is properly separated c.one department should check on another d.blank checks are locked at all times when not in use e.specific authority is given by management for the performance of activities
The practice of independent review and appraisal is mostly related to when "one department is required to check on another".
What is an independent review and appraisal?In accounting, an independent appraisal of activity within an organisation for review of accounting, financial and other business practices is also called as an internal audit. This audit, as a financial practice is done to check the internal control systems, accounting systems as well as to check for any frauds and errors in the financial statements in advance.
In conclusion, an internal audit serves as an independent appraisal function created within an organization to examine or evaluate its activities as a service to the organization.
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warehouses hold some products for lengthy periods in order to multiple choice lower fixed costs. expedite a purchase. standardize products. create time utility. facilitate the grading process.
Option (d) is the best choice. In order to create time utility, warehouses keep some products for extended periods of time.
In what ways do warehouses save time?By its very nature, warehouse efficiency software is designed to save your business time and money. It can revolutionize how your entire business runs by significantly lowering the amount of labor your staff is doing, removing processing errors, and combining steps in your process.
What does warehousing provide as a means for?Before being transported to another site, materials or supplies are stored in a warehouse.
In what kind of a warehouse are items kept for a long time?Storage Warehouses: As part of a company's outbound supply chain operation, this sort of warehouse is frequently utilized for the long-term storage of finished items. Storage facilities used to be very prevalent since many businesses used a "push" or make-to-stock supply chain approach.
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in order for market segmentation to be effective, market segments must be large enough for a firm to make a profit by serving them. this means that segments must be multiple choice measurable. differentiable. substantial. accessible. actionable.
In order for market segmentation to be effective, market segments must be large enough for a firm to make a profit by serving them. this means that segments must be measurable.
Market segmentation is the technique of dividing a wide patron or commercial enterprise market, typically which includes existing and capability customers, into sub-corporations of customers primarily based on a few kind of shared traits.
Marketplace segmentation is a manner groups use to interrupt their capacity clients into distinctive sections. This allows the employer to allocate the ideal useful resource to every character section which lets in for greater accurate concentrated on across a spread of advertising campaigns.
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Charles names several programs and philosophies that are integral to the past success of rosalie’s restaurants. All of these factors go into forming the market orientation of rosalie’s. What doesn’t fall in the concept of market orientation?.
Marketing mix doesn't fall in the concept of market orientation.
What is market orientation?Market orientation is the process of identifying consumer needs and desires in order to define new products that will be created. Well-known businesses like Amazon and Coca-Cola use market orientation concepts to improve or expand their products and services.
For instance, a vehicle manufacturer that adheres to market orientation will research consumer demands and desires before creating models that are meant to mimic the trends of other manufacturers.
Thus, it is marketing mix.
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a credit policy that is too tight results in: multiple choice question. decreased sales volume accompanied by a high level of losses a low level of losses accompanied by an decrease in sales volume increased sales volume accompanied by a high level of losses
A credit policy that is too tight results in a low level of losses accompanied by an decrease in sales volume.
What is credit policy?A credit policy provides rules that define the amount of credit extended to consumers and how overdue account collections are to be handled. The policy is a crucial component of a company's finances since it affects both the amount of bad debt losses and the amount of working capital needed to support accounts receivable. The subjects listed below are often covered by a credit policy.
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basic assumptions represent the core values of an organization and are multiple choice visible to everyone. difficult to change. easy to change. can be changed as needed.
Basic assumptions represent the core values of an organization and are B. difficult to change.
What is Assumptions?An assumption is something that is assumed to be true or likely to be true but is not confirmed to be true.
Put differently, an assumption is something you believe to be true despite the lack of evidence. for example, if you wear a all black dress, for instance, people could assume you're mourning, even when that's not the case.
In this case, it's important to note that the core values are vital to organizations. Therefore, they're difficult to change.
In conclusion, assumptions are made by organizations and in different fields of study. Therefore, the correct option is B.
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________ is a business strategy in which a company purchases its upstream suppliers to ensure that its essential supplies are available as soon as the company needs them.
Vertical integration is a business strategy in which a company purchases its upstream suppliers to ensure that its essential supplies are available as soon as the company needs them.
Vertical integration is a method that permits a corporation to streamline its operations by taking direct ownership of numerous levels of its manufacturing procedure rather than counting on external contractors or providers.
Vertical integration entails acquiring or developing one or more important elements of an agency's production method or supply chain. For instance, Netflix's shift from licensing indicates and movies from foremost studios to producing its personal original content material is an example of vertical integration.
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according to the textbook, the strategic management process begins with . . . group of answer choices strategy implementation strategy formulation strategy analysis talking to people. none of the above.
According to the textbook , the strategic management process begins with strategy formulation .
Option B is correct .
Strategic management process :The strategic management process begins with an understanding of strategy and performance. As we've noted in this introductory chapter, strategic management is both an art and a wisdom, and it involves multiple conceptualizations of the notion of strategy drawn from recent and ancient history. Strategic management process is a nonstop culture of evaluation that a business adopts to eclipse the challengers. Simple as it may sound, this is a complex process that also covers expressing the association's global vision for current and unborn objects.
What are the varieties of strategic management?The five types of strategic management numerated from utmost simplistic to utmost complex are direct, adaptive, illuminative, suggestive, and transcendent. These five types of strategic management characterize a continuum of organizational focus and action.
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Every workplace is different.
Please select the best answer from the choices provided
T
F
Elaine just accepted a new job and is working with the company's HR department to fill out
paperwork. Which of the following steps is she responsible for?
a. Determine how much tax to withhold from her paychecks based on W-4 information
b. Complete a W-4 form
c. Send withholding amounts to the
federal government
d. Complete a W-2 form
As a new person that has been accepted to the new Job that has to fill the HR of the company, what she is going to be responsible for would be to Complete a W-4 form.
What is a W-4 form?W-4 form is the term that is used to refer to the form that thet the people that are employed in a particular organization would have to fill. The form would have to tell the amount of money that the employee is to withhold from your pay as the tax that you are to pay to the government as your income.
The other term that the form is used to be called is the employee withholding certificate because of the work that the form is meant to achieve.
Hence we would have to say that the steps that Elaine is going to be responsible for filling would be the employee withholding for the business to take her federal taxes for the government.
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listed below are selected rules of conduct and ethical problems. match the rule with the problem to which it applies. (one rule of conduct may apply to more than one ethical problem.) rules a. independence b. integrity and objectivity c. general standards d. compliance with standards e. accounting principles f. contingent fees g. acts discreditable h. advertising and other forms of solicitation i. commissions and referral fees j. form or practice and name
Though your question is incomplete, I hope you have the second part of the question where the following ethical problems must be answered:
1. If an audit client owes the CPA past-due audit fees, the rule of conduct that must be applied is F. Contingent Fees
2. If there is a member that violates rules issued by the Accounting and Review Services Committee, then it's G. Acts Discreditable.
3. If the CPA accepts a percentage of the client's loan as an audit fee, then it must be I. Commissions and Referral Fees
4. If a CPA robs a service station, then it's D. Compliance with Standards
5. If auditors fail to qualify their opinion on financial statements that do not properly apply FASB standards, the it has to be E. Accounting Principles
Ethical problems related to accounting and auditing of a business can be solved by Rule of Conduct. There are codes, rules and regulations that must be followed to regulate companies and to avoid losses, frauds, as well as other criminal deeds like money-laundering and embezzlement.
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Listed below are selected Rules of Conduct and ethical problems. Match the rule with the problem to which it applies.
(One Rule of Conduct may apply to more than one ethical problem.)
Rules:
A. Independence
B. Integrity and objectivity
C. General standards
D. Compliance with standards
E. Accounting principles
F. Contingent fees
G. Acts discreditable
H. Advertising and other forms of solicitation
I. Commissions and referral fees
J. Form or practice and name
Rules:
1. An audit client owes the CPA past-due audit fees.
2. A member violates rules issued by the Accounting and Review Services Committee.
3. A CPA accepts a percentage of the client's loan as an audit fee.
4. A CPA robs a service station.
5. The auditors fail to qualify their opinion on financial statements that do not properly apply FASB standards.
preferred stock has preference over common stock in the:multiple select question.portfolios of individual investors.payment of dividends.number of votes given.distribution of corporate assets.
The option that preferred stock has preference over common stock is option B and D:
The distribution of corporate assetsThe payment of dividends.What is preferred stock?Preferred stock typically receives dividend payments before common stock. The corporation must pay the indicated preferred stock dividends before or simultaneously with any dividends on common stock, even though the preference does not guarantee the payment of dividends.
Note that The primary distinction between preferred and common stock is that common stock grants stockholders voting rights, whilst preferred stock does not. Preferred shareholders receive dividend payments prior to common shareholders since they have priority over the company's income.
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According to the coase theorem, which situation would most likely result in a private bargaining solution and yield an efficient market?.
According to the Coase theorem. When Externalities are present in a private bargaining and yield an efficient market.
What is Coase Theorem?A Coase Theorem describes the economic efficiency of a particular economic allocations, The Coase theorem is applicable under ideal economic conditions when there is a conflict in property rights. One of the important features of Coase theorem is that bargaining cost should be costless.
What are Externalities?An externality refers to a cost or benefit imposed on a third party which is not included in the final price. The two types of externalities are
Positive Externality: There are two types of positive externalities they are positive production externality and positive consumption externalityNegative Externality: There are two types of negative externalities are negative consumption externality and negative production externalityTo know more about Externalities, visit:
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According to the Coase theorem, the private market will need government intervention in order to reach an efficient outcome when externalities are present.
What is the Coase theorem?The Coase theorem describes the economic efficiency of a financial allocation or outcome in the presence of externalities in law and economics. According to the theory, if trade in an externality is available and transaction costs are sufficiently low, bargaining will result in a Pareto optimal solution regardless of the original allocation of property. In practice, negotiating impediments or poorly defined property rights might prohibit Coasean bargaining.
Externalities
Externalities are costs or benefits placed on a third party that is not included in the final price. Externalities are classified into two types:
Positive Externality: Positive externalities are classified into positive production externality and positive consumption externality.Negative Externality: Negative externalities are classified into two types: negative consumer externality and negative production externality.To learn more about the Coase theorem, click
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during arnold and co.'s most recent fiscal year, the income tax payable account had a beginning balance of $42,500. at the end of the year, the income tax payable account still reported a balance of $42,500. the income statement showed income tax expense of $170,000. how much cash was paid for income tax during the year?
$0 was paid for income taxes during the year.
What is income taxes?
An income tax is a tax imposed on individuals or businesses (taxpayers) based on their income or profits. In most cases, income tax is calculated as the product of a tax rate multiplied by the taxable income. Taxation rates may differ depending on the taxpayer's characteristics as well as the type of income. The tax rate may rise as taxable income rises. Corporate tax is a type of tax levied on businesses that is typically levied at a flat rate. Individual income is frequently taxed at progressive rates, with the tax rate increasing with each extra item of income. The majority of states exempt local charitable organisations from taxation. Investment income may be taxed at a different rate than other kinds of income.
The income tax payable account had a beginning balance of $42,500, and at the end of the year, the income tax payable account still reported a balance of $42,500. The income statement showed income tax expense of $170,000.
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An asset turnover ratio of 2.5 means that for every $1 in assets, the firm generates _____ in sales.
An asset turnover ratio of 2.5 means that for every $1 in assets, the firm generates $2.5 in sales. A company's sales or revenues are compared to the value of its assets using the asset turnover ratio.
The asset turnover ratio can be used to gauge how effectively a business uses its assets to produce income. The more effectively a corporation uses its assets to generate revenue, the greater its asset turnover ratio. A corporation is not effectively employing its assets to produce sales if it has a low asset turnover ratio, on the other hand. Investors can use this measure to gauge how well a company is utilising its resources to drive sales.
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candice is looking for a specific book for her macroeconomics research project. what is the first thing she should do to most effectively conduct her library search?
The first thing she should do to most effectively conduct her library search is ask a librarian.
What is library search?A search option for books, articles, periodicals, newspapers, and editorials ought to be included on the homepage. It typically sits at the very top of a website. The computers should be configured with the library's homepage as their default setting. If not, enter the online address for the library into your computer's internet browser. An overview of a topic can be found in a reference source, which is frequently a great place to start your study, especially if you are not familiar with the subject in-depth. To elucidate ideas and give context for a topic, reference materials can be obtained.The first thing she should do to most effectively conduct her library search is ask a librarian.To learn more about library search refer to:
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the owner of a variable life policy may allocate the premium into a sub-account which is owned by the insurer, this sub-account is a part of what is also known as the:
This sub account is a part of what is also known as separate account by allocating the premium into a sub account which is owned by the insurer.
What is a policy and what is a separate account and what sub account part is also know as separate account?A policy is basically a plan of action initiated by the government with set of protocols to be obeyed.A separate account is an investment portfolio owned by an investor and managed by investment firm.Here the question is asked about a sub account owned by insurer and this sub account is a part of which account.Hence a separate account is an investment account of which sub account is a part of.So the owner of a variable life policy may allocate the premium into a sub-account which is owned by the insurer, this sub-account is a part of what is also known as separate account.To know more about policy visit:
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gulliver travel agency thinks interest rates in europe are low. the firm borrows euros at 10 percent for one year. during this time period, the dollar falls 17 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 17 percent fall in the value of the dollar as well as the interest payment.)
The effective interest rate on a loan is 28.7%
The percentage at which euros are borrowed = 10%
Fall in dollar price = 17%
Let us suppose the loan borrowed is 100 euros, and the current exchange rate for dollars to euros is 1:1. Thus the amount borrowed is $100. In one year, the total amount owed, measured in terms of euros, is:
100*(1+10%) = 110
Since the dollar depreciates against the euro by 17%, the exchange rate in one year will be 1 euro = (1 + 17%) = 1.17 USD. Thus the amount owed in one year, when expressed in USD, is:
110 * (1 + 17%) = 128.7
This is equivalent to borrowing $100 and paying $128.7 in one year. Therefore, the effective interest rate is:
(128.7 - 100) / 100 = 28.7%
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a company figured that if it had 50 more employees and paid each one $2 per day less, the payroll would increase $650 per day. if it had 50 less employees and paid each $4 per day more, the payroll would decrease $700 per day. how many employees does the company now have?
Since increasing the number of employees by 50 and decreasing the wage by $2 will result an increase in payroll by $650, then the current number of employees is 125.
Let
x = the current number of employees
y = the current wage per day
If the number of employees added by 50 and the wage decreases $2, then the payroll increases $650. It means:
(x + 50) (y - 2) = xy + 650
xy + 50y - 2x - 100 = xy + 650
-2x + 50y = 750 (Equation 1)
If the number of employees decreases by 50 and the wage increases $4, then the payroll decreases $700. It means:
(x - 50) (y + 4) = xy - 700
xy - 50 y + 4x - 200 = xy - 700
4x - 50y = -500 (Equation 2)
Add both equations:
-2x + 50y = 750
4x - 50y = -500 +
2x = 250
x = 125
Hence, the current number of employees is 125.
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training meetings can be used to accomplish personal, professional, and organizational goals. which best describes an example of a training meeting that will meet a personal goal?
A doctor attends a meeting to exchange information on new medical procedures.
What is training meeting?When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage.
A training session is a period of instruction, education, or professional growth.
When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage. Depending on who needs training, training sessions may be held for clients or customers as well as staff.
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lindell stock has a current market value of $120 million and a beta of 1.50. lindell currently has risk-free debt as well. the firm decides to change its capital structure by issuing $30 million in additional risk-free debt, and then using this $30 million plus another $10 million in cash to repurchase stock. with perfect capital markets, what will be the beta of indell stock after this transaction?
The beta of Indell stock after this transaction will be 2.25 considering current market value of equity and repurchase of stock.
Given information,
Repurchase stock value = $30 million + $10 million = $40 million
beta value = 1.50
Current market value of equity = $120
less: Repurchase stock = $40 million
New Equity = $80 million
New Stock beta = current beta * current market value / new value of equity
New stock beta = 1.50 * 120/80 million
New stock beta = 2.25.
A stock's anticipated volatility in relation to shifts in the overall market is measured by the concept of beta. A stock with a beta larger than 1.0 is thought to be more volatile than the overall market, whereas one with a beta below 1.0 is thought to be less volatile.
The Camp Model, which calculates the cost of equity investment and can help you figure out the return on investment to expect relative to risk perception, includes the concept of beta.
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on january 1, 2020, chamberlain corporation pays $658,000 for a 60 percent ownership in neville. annual excess fair-value amortization of $23,000 results from the acquisition. on december 31, 2021, neville reports revenues of $542,000 and expenses of $367,000 and chamberlain reports revenues of $755,000 and expenses of $403,000. the parent figures contain no income from the subsidiary. what is consolidated net income attributable to chamberlain corporation?
If the parent figures contain no income from the subsidiary. The consolidated net income attributable to chamberlain corporation is $338,200.
Consolidated net incomeNet income for neville
Net income = $542,000 - $367,000
Net income = $175,000
Net income for chamberlain
Net income = $755,000 - $403,000
Net income = $352,000
Now let determine the consolidated net income ( chamberlain corporation)
Consolidated net income = ($175,000 + $352,000 -$23,000) - ($175,000 - $23,000 × (1-.60)
Consolidated net income =( $175,000 + $352,000 -$23,000) - ($175,000 - $23,000 × .40)
Consolidated net income = $504,000 - $165,800
Consolidated net income = $338,200
Therefore the amount of $338,200 was attributed to chamberlain .
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which of the following is a disadvantage of venture capital? companies that receive venture capital are prohibited from issuing an ipo once they become successful. receiving venture capital can send a message to other investors that your company is unlikely to succeed. venture capital investors may place restrictions on company operations, such as setting salary caps. venture capitalists only receive a return on their investment if the company is eventually purchased for a large sum.
Venture capital investors may place restrictions on company operations, such as setting salary caps is a disadvantage of venture capital.
Venture capital is a shape of private fairness financing this is supplied through undertaking capital corporations or budget to startups, early-stage, and rising businesses which have been deemed to have excessive boom ability or which have validated excessive increase.
Innovation and entrepreneurship are the kernels of a capitalist financial system. New groups, but, are often especially-volatile and fee-intensive ventures. As a end result, external capital is regularly sought to unfold the hazard of failure. In go back for taking in this hazard thru funding, investors in new corporations are able to attain equity and voting rights for cents on the capability greenback. undertaking capital, consequently, permits startups to get off the ground and founders to fulfill their imaginative and prescient.
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