Cowland's actions are violating labeling requirements which are enforced by the U.S. Food and Drug Administration and the U.S. Department of Agriculture.
Labeling is the process of applying a label on a commodity. A label provides details about a product that are found on the product itself, its packing, or its container. It also contains warnings. For instance, some commodities state that they shouldn't be consumed by individuals who are allergic to nuts because they may contain traces of nuts. The applicable manufacturing and shipping laws govern the kind and amount of information that needs to be provided by a label.
The brand of the commodity and the company is also represented in the labeling. Labeling distinguishes the product as an element of a specific brand and differentiates it out in the marketplace. In an era of intense competition, this is critical.
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You have a copy of an invoice sent to a customer for services provided on account. What would the T account look like after analyzing this transaction?
Accounts Payable is credited to increase, and Sales is debited to increase.
Accounts Payable is debited to increase, and Sales is credited to increase.
Accounts Receivable is credited to increase, and Sales is debited to increase.
Accounts Receivable is debited to increase, and Sales is credited to increase.
The way that the the T account look like after analyzing this transaction is D. Accounts Receivable is debited to increase, and Sales is credited to increase.
What is a T account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
Accounts receivable are the funds owed by a company's customers for goods or services received but not yet paid for. When a customer purchases a product on credit, the amount owed is added to the accounts receivable.
Therefore, when you have a copy of an invoice sent to a customer for services provided on account, the accounts receivable is debited to increase.
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havermill company establishes a $370 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $85 for office supplies, $149 for merchandise inventory, and $34 for miscellaneous expenses. the fund has a balance of $30. on october 1, the accountant determines that the fund should be increased by $60. the journal entry to record the increase in the fund balance on october 1 is:
The journal entry to record the increase in the fund will be- Debit Petty Cash $60; credit Cash $60.
A petty cash fund is a small sum of company money that is commonly kept on hand (for example, in a secured drawer or box) to cover unimportant or trivial expenses like office equipment or worker compensation.
Periodic corrections of a petty cash fund are conducted, and activities are also noted on the income statement. Each division could have its own petty cash pool in bigger companies. When sending a check or using a company credit card is impractical or undesirable, petty cash offers ease. The meager sum of money that a business may deem petty will differ.
The complete question is here:
Havermill Company establishes a $370 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $85 for Office Supplies, $149 for merchandise inventory, and $34 for miscellaneous expenses. The fund has a balance of $30. On October 1, the accountant determines that the fund should be increased by $60. The journal entry to record the increase in the fund balance on October 1 is:
Multiple Choice
Debit Petty Cash $430; credit Cash $430.
Debit Cash $60; credit Petty Cash $60.
Debit Miscellaneous Expense $60; credit Cash $60.
Debit Petty Cash $60; credit Accounts Payable $60.
Debit Petty Cash $60; credit Cash $60.
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the laurel corporation starts the year with a beginning inventory of 600 units at $5 per unit. the company purchases 1,000 units at $4 each in february and 400 units at $6 each in october. laurel sells 300 units during the year. laurel uses a periodic inventory system and the fifo inventory costing method. what is the amount of cost of goods sold? multiple choice $1,200 $1,868 $1,500 $1,800
With 600 units in its initial inventory priced at $5 each, the Laurel Corporation is off to a good start. The cost of items sold amounts to $ 1500.
Oldest units must be sold or utilized first according to a solid inventory management system, and inventory should only include recent acquisitions. This can be found in the FIFO costing approach. The FIFO technique gives management little to no control over the choice of units to affect recorded earnings. Inventory valuation and manufacturing costs are both constant and reasonable. The FIFO approach is also simple to use and comprehend.
The stock turnover rate and the frequency of price adjustments both affect how much inventory is valued at current cost. The inventory valuations will take into account the most recent pricing if stocks are changing quickly. The FIFO approach also has other restrictions.
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a bank has tier i capital of $90 million and tier ii capital of $70 million. the bank has total assets of $2,522 million and risk-weighted assets of 2,017.6 million. this bank is
Under-capitalized.
The highest quality capital available to a bank is called Tier I capital, which is mostly made up of share capital and stated reserves. On the other hand, some reserves and specific subordinated debt types make up Tier II capital.
What do banks' Tier I capital and Tier II capital mean?The highest quality capital available to a bank is called Tier I capital, which is mostly made up of share capital and stated reserves. On the other hand, some reserves and specific subordinated debt types make up Tier II capital.A bank must maintain a capital reserve ratio of 8%. For Tier 1 capital, it is currently set at 6%, and for Tier 2 capital, the remaining 2%. The typical method for calculating a bank's capital ratio is to divide its capital by all of its risk-based assets.To arrive at the total risk-weighted assets, the risk weighting is a percentage that is applied to the relevant loans. Divide a bank's Tier 1 capital ratio by its Tier 1 capital.To learn more about Tier I capital refer to:
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how do private equity firms use incentives (both short term cash bonuses and long term equity) to align managements interests with their own, reinforce a sense of urgency with management, keep management focused on key performance metrics and hold management accountable for achieving such targets?
Employees who participate in equity incentive program receive shares in the business they work for. Shares may be granted in the form of bonds, stocks, warrants, or stock options. The most popular and well-known type of employee equity is stock options.
Explain about the private equity firms?A management agreement for private equity firms typically outlines the remuneration plan and the general partner's ownership stake (GP). The carry charge is typically 20% of earnings above a certain threshold return, while the management cost is often in the range of 2%. Typically, the GP holds 1% of the fund.
Employees who participate in equity incentive programmes receive shares in the business they work for. Shares may be granted in the form of bonds, stocks, warrants, or stock options. The most popular and recognized type of employee equity is stock options.
An equity-based incentive plan's primary purpose is to recruit, keep, and motivate people. Companies frequently give shares or units (these terms are used interchangeably above) in the company to employees, partners, directors, contractors, or other individuals as a form of compensation.
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firm a and firm b both have total revenues of $200,000 and total costs of $250,000; firm a has total fixed costs of $40,000, while firm b has total fixed costs of $70,000. which of the following statements are true in the short run? a. firm a should operate. b. firm b should operate. c. firm a should shut down. d. firm b should shut down. e. both a and d f. both b and c
Correct option is f which is both b and c
Firm should operate and firm should close respectively.
A has two options: continue operating or stop.
Stay alert: 50K ($200-$250K) in losses, or 40K in losses (fixed costs)
B has two options: continue operating or stop.
Stay alert: 50K ($200-$250K) in losses, then 70K in losses (fixed costs)
Closing is the best option for A, whereas remaining open is the best option for B.
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distribution in many developing countries is difficult because of the lack of reliable transportation infrastructure due to natural disasters. this is an example of what type of forces affecting global trade?
Licensing. While franchising is an option for service industries, manufacturing industries use licensing the most. In exchange for a fee, a license allows a foreign company to create a company's product in another country.
Which of the following is the primary reason that nations employ the dumping strategy?
The capacity to permeate a market with product prices that are frequently regarded as unfair is the primary advantage of trade dumping. When the products sell below their manufacturing cost, the exporting nation may provide the producer with a subsidy to offset losses.
A country is said to have (a) a trade deficit when the value of its imports exceeds the value of its exports.
Due to the fact that not all nations possess the resources and expertise required to produce certain goods and services, exports and imports are crucial to the growth and development of national economies. However, in order to safeguard their domestic industries, nations impose trade barriers such as import quotas and tariffs.
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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina chosen?.
LLC basic types of ownership Martina chose when she decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures.
The business form known as a limited liability corporation (LLC) provides pass-through taxation and limited liability protection. The LLC has a separate legal existence from its owners, just like corporations do. As a result, owners are frequently exempt from liability for the debts and obligations of the company. In this way, Martina was able to choose basic ownership to gain tax benefits providing protection from liability. Most people use LLCs in order to shield themselves from personal responsibility for the debts of the companies they control or are affiliated with.
Since the firm is now an LLC, neither the owners nor the management is responsible for the obligations and liabilities incurred by the company. A new company entity that is legally distinct from its owners is created when an LLC is formed. This division offers what is referred to as "limited liability protection. Generally speaking, the bank account and other assets of the LLC are subject to seizure by the LLC's creditors if the LLC is unable to pay its debts.
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45% of americans have less than 1000 saved for a
Answer: Emergency Fund
Explanation: According to recent data from GO Banking Rates, 69% of Americans have savings, worth less than $1,000. That indicates that they are certainly very far away from having a fully funded emergency fund and that they are taking a very huge financial risk. Even worse, 45% of Americans claim to have no savings. That’s true. Not even a single dollar was saved up in a bank account.
which of the following accurately describes of the effect of the government budget deficit on the open economy? a. real interest rates fall, which encourages domestic investment; the currency depreciates pushing the trade balance toward surplus. b. real interest rates rise, which causes crowding out of domestic investment; the currency appreciates pushing the trade balance toward deficit. c. real interest rates fall, which encourages domestic investment; the currency appreciates pushing the trade balance toward deficit. d. real interest rates rise, which causes crowding out of domestic investment; the currency depreciates pushing the trade balance toward surplus.
The effect of government budget deficit on open economy when Real interest rates rise, which causes crowding out of domestic investment; the currency appreciates pushing the trade balance toward deficit.
Option B is correct .
What's a deficit budget?A budget deficit occurs when charges exceed income( i.e., duty and other espoused profit), generally measured over a single fiscal time. The term tends to be reserved for governments, although it's also possible for organisations, businesses, and individualities to run budget poverties.
How's the budget deficit affect interest rates?Budget deficits could often cause interest rates to rise if they caused the debt to grow at unsustainable rates, in budget deficit case investors would ask a risk premium to be induced to hold government debt for fear of default.
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uniquely, a successful lotion manufacturer, sells luxury lotions exclusively for women under the brands uniquely lavish, uniquely luxurious, and uniquely glorious. it has now added uniquely dignified to target a specialized segment of urban men who are particular about their grooming practices. the introduction of uniquely dignified represents multiple choice mass marketing. niche marketing. behavioral targeting. differentiated targeting. undifferentiated targeting.
The introduction of uniquely dignified represents niche marketing.
Niche marketing is defined as directing all marketing efforts to a specific segment of the population. It is critical to understand that the term "niche" does not exist, but is created through smart marketing techniques and identifying what the customer wants.
Niche marketing is a marketing strategy used to target a distinct market segment. A niche market is frequently created by identifying what a customer wants, which can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem that other firms have not presented. A niche market is not a small market; rather, it consists of a specific target audience with a specialized offering.
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coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000. what are the proceeds allocated to the common stock?
Coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000.
=[(6,000 × $25) ÷ [(6,000 × $25) + (9,000 × $20)]] × $288,000
= $130,909.
Shares, also known as stocks, are securities that represent partial ownership of the issuing company. A unit of stock is called a "share" and allows the holder to receive a portion of the company's assets and profits equal to the number of shares held.
Shares represent ownership of the listed company. When you buy stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 shares of him and he buys 1,000 of them, he owns 1% of the company. Equity means a share of ownership in a company. An example stock is 100 shares of Disney Corporation.
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wilson widgets, inc. is currently manufacturing more widgets than there is demand. the firm decides to store the excess inventory. unfortunately, as wilson widgets begins to move the inventory, the widget specifications change and the stored widgets become obsolete. what type of waste does this situation illustrate?
The widget specifications change and the stored widgets become obsolete, the type of waste that this situation illustrate is Overproduction.
Overproduction: Producing more than what is required by customers, businesses generate more. Prior to consumption, inventory could become outdated. The act of generating more than is required or too much of something: Due to overproduction, the corporation is in a severe financial situation. Numerous of these subsidies support excessive production.
Example:
Unstable production schedule is an example of overproduction in lean manufacturing. inaccurate demand data and projections. industrial plants and warehouses with too many employees.
Before the buyer even purchases the product, overproduction wastes resources through excessive resource utilisation. Most frequently, excessive production in manufacturing results in time and resource waste. Waste is any time or resources spent producing a product that goes above and beyond the needs of the consumer.
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define the investment trade-off. multiple choice question. an increase in investment expenditure designed to boost future consumption a reduction in investment expenditure designed to boost current consumption a reduction in current consumption to pay for investment capital an increase in consumption designed to increase investment
The risk-return tradeoff is an investment principle that indicates that the higher the risk, the higher the potential reward. To calculate an appropriate risk-return tradeoff, investors must consider many factors, including overall risk tolerance, the potential to replace lost funds.
A trade-off (or tradeoff) is a situational decision that involves diminishing or dropping one nice, quantity, or belongings of a set or design in go back for profits in different components. In easy phrases, a tradeoff is in which one component will increase, and every other should decrease. Tradeoffs stem from barriers of many origins, such as easy physics – for example, best a certain volume of gadgets can fit right into a given area, so a complete container should remove some gadgets a good way to accept any greater, and vessels can bring a few massive items or multiple small gadgets. Tradeoffs additionally commonly seek advice from extraordinary configurations of an unmarried item, which includes the tuning of strings on a guitar to enable one-of-a-kind notes to be performed, as well as an allocation of time and attention towards different responsibilities.
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canada is currently the second largest producer of nickel in the world. the reopening of the world famous voisey's bay mine, which has total resources estimated at 124 million tons of nickel-bearing ore, should give canada a clear:
The reopening of the world famous Voisey's bay mine in Canada should give it a clear comparative advantage.
Since 2005, Voisey's Bay located 35 kilometers south of Nain on the north shore of Labrador, has been producing nickel. The Voisey's Bay Mine Expansion Project was started in July 2015 after Vale's Board of Directors approved the development of the natural deposits. The project created thousands of new job opportunities to support the phases of development and operations. Additionally, it has also increased local communities' economic participation.
By granting access to two distinct subsurface resources, Reid Brook and Eastern Deeps, the roughly $2 billion initiative will safeguard the existence of mining in Canada.
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1. on each journal page, the date is written (a) for each entry. (b) only for the first entry. (c) on the first line of each column. (d) none of these.
On each journal page, the data is written for each entry.
The date, the account name and number, the amount debited and credited, the transaction's reference number, and any additional information that should be recorded alongside the transaction are all listed in columns on an accounting journal page.A detailed account of all the financial actions of a corporation is kept in a journal. It is used to transfer data to other formal accounting records, such as the general ledger, and for account reconciliation in the future.Among them are the cash disbursements diary, the purchasing journal, the cash receipts notebook, and the sales journal. There could be more specialized journals. However, since the four accounting fields represented by these journals cover the majority of accounting transactions, additional journals are often not required.Thus the correct option is A.
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You pay $0. 25 per name for list a and get a click rate of 5%. You pay $0. 35 per name for list b and get a click rate of 10%. Which list has the lower cost-per-click?.
As long as the units of measurement are the same, a unit rate can be used to compare two rates.
How is a rate transformed into a unit rate?Using a unit rate to represent a rate: Dividing the rate's numerator and denominator by the denominatorList A and B as there were two clicks.List A pays 0.25 dollars and has a 5% clickthrough rate.
Therefore, a click rate of 1% costs $0.25/5, or $0.05.
The same goes for list B.
10% payment done for a click equals $0.35.
As a result, one click payment is 0.35/10, or 0.035.
We can compare the two rates now that they have both been converted to rates per unit click.
List A is 0.05, while List B is 0.035.
List A unit click rate is higher than list B's
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digital media give consumers more control over price. this gives them a significant advantage. to compete, what must many companies do so consumers will focus on attributes other than price?
Companies decrease prices after meeting the demand from early adopters in order to draw in more price-sensitive customers.
According to the scenario provided in the question, the rationale for the price decline over time is that businesses cut prices to entice the more price-sensitive customers after satisfying the demand for early adopters.
The users who begin utilizing the product before others do are known as early adopters. In this situation, after the early adopters are satisfied, other customers will want to purchase the product, so the price must be dropped to make it affordable for them.
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when an organization compares a score on a selection test to the job performance of existing workers in that job, the organization is using validity. construct content convective criterion-related
The comparison of a score on a selection test to the job performance of existing workers on the same job by an organization means that they are using criterion-related validity.
What is a criterion-related validity?Criterion - Related validity means that two different measures are being compared to see how they relate to each other or how they influence each other. Often the goal of a criterion-related validity will be to see if one measure can have an impact or influence on another measure to see if either measure can be used to improve efficiency in the other.
When an organization such as the one in the question, compares scores from a selection test to the performance of workers in that same job, they would be engaged in criterion-related validity. This is because they are comparing the measures of the selection test and the job performance to see how to improve efficiency.
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calculate the annual incidence rate of salmonellosis per 100,000 population for trinidad and tobago in 1997 on the basis of laboratory-confirmed cases. calculate the annual incidence rate of salmonellosis per 100,000 population for trinidad and tobago in 1997 on the basis of laboratory-confirmed cases.
Number of cases/population per year incidence rate 109 cases per 1,265,000 people per year 0.0000862 cases per year per person 8.6 cases per 100,000 people per year
What is incidence rate?An incidence rate describes the rate at which disease spreads in a population. It is time-based, so it has some advantages over an incidence proportion. Person-time is calculated for each subject, so it can accommodate people entering and exiting the study. For example, if one hundred sow farms were followed for a year and ten of them developed a disease, the incidence risk for that disease was 0.1 or 10%. To put it another way, a sow farm has a 10% chance of breaking even in a year. The rate of qualified responses is referred to as the incidence rate.To learn more about incidence rate, refer to:
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pederson company reported the following: manufacturing costs $150,000 units manufactured 5,000 units sold 4,700 units sold for $75 per unit beginning inventory 100 units what is the manufacturing cost for the ending finished goods inventory?
The cost for the ending finished goods inventory is $12000
Finished Goods Ending Stock is the number of goods that are available for purchase but have not yet been distributed. Create a budget for these things before beginning production by figuring out the fundamental costs of supplies, direct labour, and overhead.
Manufacturing cost = $150,000
Units manufactured = 5000
Units sold = 4700
Selling price per unit = $75
Beginning inventory = 100 units
Ending inventory in units = Manufactured units - Units sold + Beginning inventory
= 5000 - 4700 + 100
= 400
Amount of ending finished goods inventory = (Cost of goods manufactured/ No. of units manufactured)*No. of ending inventory in units
= (150000/5000)*400
= $12000
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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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Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known as __________.
Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known asmarket segmentation
What is the process of dividing a market into smaller groups?Market segmentation refers to “dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes,” targeting is defined as “evaluating each market segment's attractiveness and selecting one or more segments to enter,” Based on demographics, demands, goals, shared interests, and other psychographic or behavioral characteristics used to better understand the target audience, market segmentation divides a market into subsets.You may use this targeting in your product, sales, and marketing efforts by analyzing your market segments. The four primary categories of market segmentation are thought to be geographic, psychographic, behavioral, and demographic; however, there are many other tactics you can employ, as well as countless variants on the four primary types. Three Different Types of Segmentation and Their Use psychologically based segmentation.The values, beliefs, perceptions, attitudes, interests, and actions of the consumer are taken into account by this segmentation technique.segmentation based on demographics.segmentation by location. Segmentation is the process of breaking up your audience into more manageable groups according to specific traits.By dividing your target market into smaller groups, you may more effectively communicate the products, services, and advantages that may be most appealing to them.To learn more about market segmentation refer
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using the following information, what is the amount of merchandise available for sale? purchases $32,000 purchases discounts $ 960 merchandise inventory, september 1 5,700 merchandise inventory, september 30 6,370 sales returns and allowances 910 sales 63,000 purchases returns and allowances 1,200 freight in 1,040 $35,540 $36,580 $37,700 $34,500
The amount of merchandise available for sale is $30,210
The cost of goods sold is the total price an organisation directly pays to produce the products it sells.
Using the formula for cost of goods sold -
Cost of merchandise sold = cost of merchandise purchase - the cost of merchandise left in inventory
= Purchases - Purchases discounts - Purchases returns and allowances + Freight
= 32,000 - 960 - 1,200 + 1040
= 30880
- ( Merchandise inventory on September 30 - Merchandise inventory on September 1 )
= 6370 - 5700
= 670
Merchandise for sale -
= 30,880 - 670
= 30,210
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In an open economy, what is the source of supply of dollars in the foreign-currency exchange market?.
In an open economy, the net capital outflow is the supply of dollars in the foreign-currency exchange market.
What is an open economy?
An open economy is a form of economy in which organizations from other countries trade in goods in addition to domestically produced goods (goods and services). The exchange of management, the transfer of technology and the exchange of a wide variety of goods and services are all examples of trade.
What is foreign exchange market?
The transfer of money or foreign currency from one country to another to settle accounts is the basic and most obvious function of the foreign exchange market. In essence, the market is turning one currency into another.
The supply of dollars exchangeable in foreign currencies arises from the net outflow of capital. Since the net capital outflow does not depend on the real exchange rate, the supply curve is vertical.
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a comparative balance sheet and income statement is shown for cruz, incorporated.what is the net increase or decrease in the cash account for year 2021?
A comparative balance sheet and income statement is shown for cruz, incorporated. The net increase or decrease in the cash account for year 2021 is $75,400.
What is cash ?Cash is legal tender (currency or coin) that can be used to exchange goods, liabilities, or services.balance sheet may also include the value of assets that can be easily converted into cash quickly, as reported by the company.In finance and accounting, cash refers to readily available money (currency). balance sheet can be held in physical or digital form, or invested in short-term money market instruments. In economics, cash refers only to money in physical form.Cash includes banknotes, coins, bank deposits, money orders and checks. Cash is used to purchase goods and services or to fulfill obligations. Items that do not meet the definition of cash are balance sheet checks and bills receivable.To learn more about cash from the given link :
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automated manufacturers uses high-tech equipment to produce specialized aluminum products for its customers. each one of these machines costs $1,480,000 to purchase plus an additional $52,000 a year to operate. the machines have a 6-year life after which they are worthless. assume no tax. what is the equivalent annual cost of one machine if the required return is 16 percent per year?
The equivalent annual cost of one machine if the required return is 16 percent per year is -S453,657.01
What is annual cost?
Equivalent annual cost (EAC) is a financial metric that is used for a variety of reasons, including capital budgeting. However, it is most commonly used to compare two or more potential projects with varied lifespans, where prices are the most important variable. Other applications of EAC include trying to calculate the optimal life of an asset, determining whether leasing or purchasing an asset is the better option, calculating the magnitude of which cost of maintenance will impact an asset, calculating the necessary cost savings to support buying a new asset, and calculating the cost of keeping existing equipment. The EAC computation takes into account a discount factor or cost of capital. The cost of capital is the required return to make a capital budgeting project worthwhile, such as building a new factory.
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when multinationals make a project fully operational and train local managers and workers before the owner takes control, they are using which entry-mode strategy? group of answer choices franchising direct export turnkey licensing
Multinationals use Turnkey as a entry-mode strategy.
A turnkey project is a technique for a foreign corporation to build a plant in another nation and sell its technology and process there. Turnkey projects are typically used as an entry strategy by industrial enterprises that specialise in complicated production technology.What is a turnkey plan of action?
The phrase alludes to the fact that a corporate buyer only needs to "turn" a "key" to get things going. Thus, a turnkey firm is one that is already operational and in a state that permits start-up right away.to learn more about turnkey strategy, click the links
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a chapter 13 personal bankruptcy is characterized by all of the following except group of answer choices you maintain title and possession of your assets. your creditors vote on restructuring your net worth. you get relief from harassment by bill collectors. a new debt repayment schedule is determined. you continue to pay at least a portion of most of your debts.
personal bankruptcy is characterized by all of the following except your creditors' vote on restructuring your net worth.
An individual may be declared bankrupt under certain jurisdictions' personal bankruptcy laws. Almost all nations with contemporary legal systems offer some kind of debt relief for private citizens. Corporate bankruptcy differs from personal bankruptcy.
If you successfully complete a court-mandated repayment plan that lasts between three and five years, you may be eligible to keep your property (including secured assets like your home and car) under Chapter 13, often known as a reconstruction bankruptcy.
People have access to the most potent debt repayment plan possible in Chapter 13 bankruptcy. Any additional interest on debts that are dischargeable will not accrue as a result of your Chapter 13 bankruptcy. Just the outstanding balance must be paid on the day you declare bankruptcy.
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a consumer products company reported a 25 percent increase in sales from last year to this year. sales last year were $200,000. this year, the company reported cost of goods sold in the amount of $150,000. what was the gross profit percentage this year?
The gross profit percentage this on the sales of $250,000 and cost of goods sold of $150,000, will be 40%.
Given Information:
Increase in sales = 25%
Sales last year = $200,000
Increase in sales = $200,000*25% = $50,000
New sales = $250,000
Cost of goods sold = $150,000
Gross profit = $250,000- $150,000 = $100,000
Gross profit percentage = $100,000/$250,000*100
= 40%
Gross profit is the total amount of money a business earns after subtracting costs for manufacturing, transporting, and selling its products or services. A company's income statement will show gross profit, which would be derived by deducting cost of goods sold (COGS) from earnings (sales).
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