The net amount that the company has issued of common stock and paid no dividends is $110,000 in Issued capital.
What is Common stock?
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares. A security that symbolises ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership. The distinctions between preferred and ordinary stock are numerous. The fundamental distinction is that stockholders of ordinary stock typically receive one vote per share owned, whereas preferred stock typically does not.
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Charlie's chocolates' stockholders made investments of $72,000 and received dividends of $31,000. the company has revenues of $105,000 and expenses of $75,000. calculate its net income.
Charlie's chocolates' stockholders made investments of $72,000 and received dividends of $31,000. the company has revenues of $105,000 and expenses of $75,000. Its net income is $19,000.
Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its stockholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for stockholders or portfolio reductions.
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A major factory closed in your area, which caused a drop in the average income for the city. which type of external force would this be considered in the marketing environment?
A major factory closed in an area, which resulted as a drop in the average income for the city is an economic type of external force which would be considered in the marketing environment.
More about marketing environment:
A marketing environment is made up of all the internal and external elements that motivate and affect a company's marketing efforts. A marketing environment is wide and diversified, with aspects that can be controlled and some that cannot. Understanding your marketing environment well can help spot opportunities, dangers, and Control modifications to save a company from drop in its income.
The characters and forces outside of marketing that influence marketing management's capacity to create and sustain fruitful connections with target customers make up a company's marketing environment.
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What is the main difference between (1) direct co-ownership and (2) indirect co-ownership?
1) Direct co-ownership: A designated general partner is often involved in direct co-ownership. A Real Estate Investment Trust has direct ownership (REIT)
Co-owner
A co-owner is a person or organisation who shares ownership of an asset with another person or group. Each co-owner holds a share of the asset, which varies depending on the ownership agreement. Each owner's rights are often established by a contract or written agreement, which frequently includes the treatment of revenue and tax liabilities. The agreements will differ depending on the asset's nature, the governing jurisdiction, and the legal relationship between co-owners, among other factors.
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which of the following countries/territories joined the central america free trade agreement (cafta) in 2004?
In 2004, the Dominican Republic became a member of the Central America Free Trade Agreement (CAFTA).
Due to threats of defaulting on international obligations, the United States occupied the Dominican Republic (1916–1924); a following six-year period of peace and prosperity under Horacio Vásquez followed. From 1930 until his death in 1961, Rafael Leonidas Trujillo governed as a dictator. Despite being elected president in 1962, Juan Bosch was overthrown in a military coup in 1963.
U.S. military involvement ended the nation's final civil war in 1965, and Joaqun Balaguer's dictatorial dictatorship came next. Since 1978, the Dominican Republic has advanced toward representative democracy, and Leonel Fernández has served as president for the majority of the period following 1996. In 2012, Danilo Medina succeeded Fernández after defeating Hipólito Meja, an earlier president, by 51% of the electoral vote.
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To evaluate the effectiveness or performance of a marketing strategy, firms typically use.
To evaluate the effectiveness or performance of a marketing strategy, firms typically use Marketing Metrics.
Marketing Metrics are the value by which marketers can monitors the performance of their activities. These values tells marketers that how effectively marketing efforts are leading to the achievement of the objectives of the company.
This metric present a picture that how things are working. It will also helps to know how consumer will react to the campaigns and communications.
Marketing metric helps to keep a close eye on different stage of their consumer's Journey.
Some of the common marketing metrics are lead generation marketing which helps to track the lead generations from multiple marketing channels.
Cost per lead tells about the cost which is incurred to generate a new lead. It means how much you spent on the campaigns to generate new leads. It tells basically about the ROI of the campaigns.
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given a sales price of $375 per unit, variable cost of $125 per unit, and fixed costs of $100,000, the breakeven point in units is
$100,000/ (375-125)= 400 units is the break even point as when given a sales price of $375 per unit, variable cost of $125 per unit, and fixed costs of $100,000
What is meant by break-even point ?
The break-even point is achieved when total costs and revenue earned are equal, leaving your small firm with no net benefit or loss. In other words, the break even point is achieved at the point in production where the revenue from a product equals the cost of manufacture.
This is a crucial calculation to include in your business plan for every new venture. Potential investors want to know when they may expect a return on their investment as well as the rate at which it will occur. This is due to the fact that some businesses may take years before becoming profitable, frequently losing money in the initial months or years before achieving break-even.
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financial accounting provides information for (internal/external) users, while managerial accounting provides information for (internal/external) decision makers.
Management accounting differs from financial accounting because its intended use is to support users within the company in making informed business choices.
Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. The goal of managerial accounting is to enhance the quality of information provided to management about business operation parameters. Managerial accountants make use of data on the price and sales revenue of the company's produced goods and services. Specifically focusing on capturing a company's entire costs of production by evaluating the variable costs of each stage of production as well as fixed costs, cost accounting is a significant subset of managerial accounting.
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How much would $20,000 due in 50 years be worth today if the discount rate were 7. 5%?.
N 50
I/YR 7.5%
PMT $0
FV $20,000
PV $537.78
Interest rates and discount rates are interest rates that apply to borrowers and savers who pay or receive interest on savings or loans. Interest rates are determined by market interest rates and other factors that need to be considered, especially when lending funds.
Interest rate is the interest rate applied when depositing or borrowing funds at a bank or financial institution. Interest rates are usually expressed as annual interest rates.
The discount rate is the cost of capital applied to determine the present value of future payments. The discount rate is widely used when evaluating investment projects. It tells us how much money we will receive in the future is worth now.
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if nation x produces coffee at a higher opportunity cost than nation y, which of the following is true?
Which of the following is true if Nation X produces coffee at a higher opportunity cost than Nation Y? Nation X must have an absolute advantage in producing coffee.
What is an absolute advantage in production?A producer has an absolute advantage over its rivals when it can create a good or service in a higher volume for the same price, or in the same volume at a cheaper price.For instance, countries in the Middle East have a distinct edge over those in North America because they can produce oil more swiftly and economically.The United States lacks a distinct edge in the production of coffee since it would be expensive and challenging to participate in coffee cultivation given that the coffee tree is not well-suited to the country's unfavorable climate.Which of the following is true if Nation X produces coffee at a higher opportunity cost than Nation Y? Nation X must have an absolute advantage in producing coffee.
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the accounts in the ledger of monroe entertainment co. are as follows. all accounts have normal balances. line item description amount
The total assets is 9,714$ Total assets = Accounts receivable + Supplies + Prepaid insurance + Cash + Office equipment + Land = $689 + $500 + $1,873 + $1,964 + $1,800 + $2,888 = $9,714
How are assets totaled up?You can determine your total assets by adding your obligations and equity. Since liabilities have such a negative value, the simplest way to calculate total assets using this strategy is to subtract the value of obligations from the value of equity or assets. Your assets are represented by the sum of these numbers.
Three factors are typically employed to categorize assets:
Convertibility: The power to quickly transform one asset into another in order to earn money.
Assets are categorized based on their physical characteristics (tangible).
categorizing assets according to their use or function in business activities.
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under , the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
Under monopolistic competition, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price. When several companies offer competing products or services that are similar but not perfect alternatives, monopolistic competition develops.
In a monopolistic competitive industry, the barriers to entry are low, and the decisions of any one firm have no direct impact on its competitors. Monopolistic rivalry is most commonly seen in fast food companies such as McDonald's and Burger King, which offer burgers in the market. The two companies described above sell products that are nearly identical, yet they are not interchangeable.
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Quotes placed by market participants in unlinked ecns can be accessed through? a ats b adf c aces d act
Quotes placed by market participants can be accessed through ADF ( Alternate Display Facility).
A trading platform that lacks a direct connection to the other ECNs is known as an unlinked ECN, or electronic communications network. This indicates that there are no formal assurances of order execution and no direct routing agreements between the two. Due to the fact that you don't have to use an ECN broker to place your orders, unlinked ECNs are less expensive and more convenient than those linked through equity information and trading services (EITS) systems.
ECN The quickest approach to obtaining quotations on unlinked pages is using ADF. Through ADF, ECN offers an all-in-one brokerage. Institutions can publish quotations and record trades on this platform as an alternative to exchange. In essence, it serves as a place for institutions to disclose deals that don't take place on a conventional exchange and post quotations. Dark pools, internalized deals, and even plain old negotiated trades, where two parties pick up the phone and arrange a trade outside the exchange can all be considered off-exchange venues.
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The agreement to form a european monetary union was formalized in the treaty of?
The agreement to form a European monetary union was formalized in the treaty of Maastricht Treaty.
What is Maastricht Treaty?
The Maastricht Treaty, often known as the Treaty on European Union, is the document upon which the European Union was established (EU). The 1992 Treaty on the Functioning of the European Communities, signed by the then twelve member states of the European Communities, signaled "a new stage in the process of European integration primarily through provisions for common European citizenship, the eventual introduction of a single currency, and (less precisely) for common foreign and security policies. Despite the fact that many believed these to be signs of a "federal Europe," the 2007 Treaty of Lisbon became the center of constitutional discussion. The most persistent mention of the Maastricht Treaty following the onset of the Eurozone debt crisis in 2009 has been in relation to the requirements for currency union conformity, or the "Maastricht criteria."
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if family travel agency, a monopolistic competitor, offers services that are differentiated from the services of other producers in the industry, it
If Family Travel Agency, a monopolistic competitor, provides services that are unique from those of other industry providers, it may be able to influence the price it charges.
When numerous businesses industry providers competing, similar-but-inadequate-substitute goods or services, monopolistic competition exists.
Low entry barriers and a lack of direct competition allow for low entry barriers in monopolistic competitive industries. Based on their choices in marketing and price, the rival companies set themselves apart.
When numerous businesses offer similar but distinct items, monopolistic competition arises. Through price and marketing tactics, businesses in monopolistic competition distinguish their goods.
In monopolistic competition, there are few costs or other barriers to entry, which keep new rivals out of a market.
Monopolistic competition exists between a monopoly and perfect competition, combines elements of each, and includes industry providers companies with similar, but not identical, product offerings.
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An example of an uncontrollable variable to a chain supermarket owner/manager is ________.
An example of an unmanageable variable to a chain supermarket owner/ manager is legal restrictions relating to price advertising.
What is one of the uncontrollable variables of retail strategy?The principal unmanageable variables affecting retail planning are consumers, economic conditions, competition, technology, and legal restrictions. These activities are named tactics and contain a retailer's daily and short-term processes.
Steps of Retail Strategy PlanningObjective Setting.Situational Analysis.Customer Analysis.Tactical Planning.Implementation and Control.Independent stores usually have more intensive participation by the landlord than chain operations. Most retailers operate only when the store is open.
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which of the following provides a measure of market attractiveness in the boston consulting group approach?
The option criteria that provides a measure of market attractiveness in the Boston Consulting Group approach is Market growth rate.
What is market attractiveness?The market attractiveness can be described as the degree where the market offers opportunities can reach the organization, by taking the market size as well as the growth rate into consideration.
It should be noted that the level of competition and other constraints are also essential, hence The option criteria that provides a measure of market attractiveness in the Boston Consulting Group approach is Market growth rate.
Therefore, option B is correct.
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COMPLETE QUESTION:
Question
Which of the following criteria provides a measure of market attractiveness in the Boston Consulting Group approach?
A
Market sentiment
B
Market growth rate
C
Brand image
D
Relative market share
E
Return on marketing investment
A stock has a beta of 1.25, the expected return on the market is 11.7 percent, and the risk-free rate is 4.5 percent. what must the expected return on this stock be?
An inventory has a beta of one.25, the predicted return available on the market is 11.7 percent, and the risk-free rate is four. five percentage. the predicted go back in this stock is: thirteen.5%
Beta, B =1.25
return on the marketplace, Rm =11.70%
danger unfastened price, Rf =4.50%
Ke = Rf+ B(Rm-Rf)
Ke = four.5% + 1.25(eleven.7%-four.5%)
Ke = four.5% + 1.25(7.20%)
Ke = four.five% + nine%
ke = 13.5%
The risk-free rate is the rate of return supplied through an investment that contains zero risk. each funding asset includes a few degrees of risk but is small, so the danger-free price is something of a theoretical concept. In practice, it is taken into consideration to be the interest price paid on brief-term government debt.
The risk-free rate of going back, commonly shortened to the threat-free charge, is the charge of going back of hypothetical funding with scheduled bills over a hard and fast time period this is assumed to satisfy all price obligations. In exercise, the chance-free fee of return does now not truly exist, as every investment contains at least a small amount of chance. To calculate the actual risk-free price, subtract the inflation charge from the yield of the Treasury bond matching your investment period.
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Loretta scholten bought a home for $210,000 with a down payment of $30,000. her rate of interest is 558or 15 years. calculate the total cost of interest for loretta scholten
The total cost of interest for Loretta Scholten is $251,063.42.
Interest cost is the amount of hobby a borrower can pay over the life of the debt. bad factors and rebates must be subtracted from hobby fees. interest costs are the handiest aspect in a loan evaluation, different matters to recall consist of opportunity expenses, tax blessings, and final prices, among others.
Home price = $210,000
Down payment = $30,000
Borrowed amount = Home price - Down payment
Borrowed amount = 210,000 - 30,000
Borrowed amount, PV = $180,000
Interest rate = 6%
m = Number of months per year = 12
Monthly rate, r = Interest rate/m
r = 6%/12
r = 0.005
Number of years = 35
Number of monthly payments, n = Number of years * m
n = 35 * 12
n = 420
First, let's calculate the monthly payments (PMT)
180,000 = [tex]\frac{PMT}{0.005}[/tex] × [ 1 - [tex]\frac{1}{( 1 + 0.005)^{420} }[/tex]]
= [tex]\frac{PMT}{0.005}[/tex] × [1 - [tex]\frac{1}{8.122355149}[/tex]]
PMt = $ 1,026.34147
The total cost of interest = PMT * n - Amount borrowed
= 1,026.3414746324 * 420 -180,000
= 431,063.419345608 - 180,000
= 251,063.419345
= $251,063.42
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The entire price of interest for Loretta Scholten: is $251,063.42
domestic rate = $210,000
Down price = $30,000
Borrowed amount = domestic fee - Down price
Borrowed quantity = 210,000 - 30,000
Borrowed amount, PV = $180,000
interest rate = 6%
m= quantity of months in keeping with 12 months = 12
month-to-month rate, r = hobby charge/m
r = 6%/12
r = 0.1/2
range of 12 months = 35
variety of monthly payments, n = wide variety of years * m
n = 35 * 12
n = 420
First, let's calculate the month-to-month payments (PMT)
PMT PV = * 1- 1 (1 + r) r
PMT = $1,026.3414746324
the overall price of hobby = PMT * n - quantity borrowed
the total fee of hobby = 1,026.3414746324 * 420 -a hundred and eighty,000
the total fee of interest = 431,063.419345608 - one hundred eighty,000
the whole price of hobby = 251,063.419345608
the full price of a hobby = $251,063.forty-two
In finance and economics, interest is payment from a borrower or deposit-taking economic group to a lender or depositor of a quantity above reimbursement of the primary sum, at a particular rate. it's miles awesome from a fee which the borrower may additionally pay the lender or a few 0.33 celebrations.
Interest is described as the amount of money paid for the usage of someone else's cash. An instance of interest is the $20 that became earned this 12 months in your savings account. An example of interest is the $2000 you paid in interest this yr on your home mortgage.
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A variable that takes on the values of 0 or 1 and is used to incorporate the effect of categorical independent variables in a regression model is called?
Dependent variables get their name because, in an experiment, their values are examined under the assumption or demand that they are dependent on the significance of other variables according. In turn, independent variables are not thought to depend on any other variables within the context of the experiment in question. Time, space, density, mass, fluid flow, and historical values of some observed value of interest (such as the size of the human population) are some examples of standard independent variables in this meaning (the dependent variable).
By adjusting inputs, also known as regressors, the Independent variables whose variation is being analyzed is always the first of the two. in a logical setting.
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Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of cheeseburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers?.
The correct answer would be option D.
If there is a drop in the equilibrium number of cheeseburgers, the supply shift in the market must have outpaced the demand shift.
The change in supply outweighs the change in demand. Due to these changes, the equilibrium price increases and the equilibrium quantity decreases.
Supply and Demand: The relationship between supply and demand for a good or service in a free market determines the market price. Depending on how demand and supply are changing, the market price increases or drops. Demand discusses how consumers make judgments about what to buy, whereas supply discusses how sellers want to earn a profit.
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suppose that jane enjoys diet coke so much that she consumes one can every day. although she enjoys gourmet cheese, she consumes it sporadically. if the price of diet coke rises, jane decreases her consumption by only a very small amount. but if the price of gourmet cheese rises, jane decreases her consumption by a lot. these examples illustrate the importance of
Jane barely slightly reduces her diet coke usage in response to price increases. Jane, however, drastically reduces her consumption when the cost of gourmet cheese goes up.
Consumption:
Consumption in economics refers to how households use commodities and services. Contrary to consumption spending, which is the purchase of goods and services for domestic use, consuming is not the same thing. Consumption differs from consumption expenditure primarily due to the fact that durable goods, like automobiles, generate expenditures primarily during the time of purchase, but they also produce "consumption services" (for instance, transportation services) up until the point at which they are replaced or scrapped. consumer goods (See: Neoclassical (mainstream) economists typically perceive consumption as the ultimate goal of economic activity, and as a result, they see the level of consumption per person as a key indicator of an economy's level of productivity.
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Within a broad product-market, there is only one way to develop market-oriented strategies. True or false
Within a broad product-market, there is only one way to develop market-oriented strategies is False
Marketers who employ wide marketing must reach a large audience with diverse characteristics, tastes, and locations. They must accomplish this through appealing to product aspects that all of these different groups will find attractive, such as affordability or the range of accessible alternatives.A marketing strategy is a firm's overall strategy for reaching out to prospective customers and turning them into purchasers of their goods or services. A marketing plan includes the value proposition of the company, key brand messages, information on target customer demographics, and other critical components.Through the adoption of a marketing plan, a company's limited resources can be concentrated on the best opportunities to increase sales and gain a sustainable competitive advantage.Thus the answer is false.
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In the inelastic portion of a linear demand curve, firm revenue ______ when price falls.
In the inelastic portion of a linear demand curve, firm revenue increases when price falls.
The demand curve depicts the relationship between the price of a good or service and the quantity demanded over a given time period. A typical representation will show the price on the left vertical axis and the quantity demanded on the horizontal axis. The demand curve will move downward from left to right, expressing the law of demand: as the price of a given commodity rises, so does the quantity demanded, all else being equal.
Demand curves are used to forecast behavior in competitive markets and are frequently combined with supply curves to determine the equilibrium price (the price at which sellers and buyers are willing to sell the same amount as buyers and sellers are willing to buy, also known as market clearing price) and the equilibrium quantity (the amount of that good or service that will be produced and bought without surplus/excess supply or shortage/excess demand) of that market.
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Job Skills Challenge Card #2 Cryptogram
someone could help me????
The cryptogram can be completed by putting abc in the sequence as shown below and the words in the second part can be made up by the cryptogram.
What is Crosswords/Cryptograms?Crosswords are the words that needs to be found, this is a fun learning activity that is enjoyed by students also the activity helps in learning the words and its spellings. The cryptogram is similar to crosswords as the cryptogram have a specific code through which the data is designed and then the crosswords or the missing words are found.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
b a d c f e h g j i l k n m p o
17 18 19 20 21 22 23 24 25 26
r q t s v u x w z y
The Words are
c o m m u n i c a t i o n
a n a l y s i s
c r e a t i v i t y
f l e x b i l i t y
Communication
Analysis
Creativity
Flexibility
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a manager is participating in introducing a shared governance model to a health-care organization. what is the manager’s best action?
a manager is participating in introducing a shared governance model to a health-care organization Form joint practice committees.
Which of the following leadership philosophies is most appropriate for the implementation of a shared governance structure?ANS: C The concept of participatory leadership—whereby executives solicit feedback and ideas from their teams—was initially introduced to business in the 1970s.
Which approach ought the manager to take if she wants to empower the workforce Quizlet?Justification: By acting as an example of an empowered nurse, the management inspires others to do the same. Even while it may not promote empowerment, rule enforcement creates order.
What is the main goal of case management in terms of patient care priorities?To provide outcomes that are cost-effective, patient-centric, safe, and delivered in the least restrictive environment, case managers concentrate on care coordination, financial management, and resource usage.
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A primary advantage of ___________ logistics is its relative efficiency, whereas a primary advantage of ___________ logistics is its customer responsiveness.
A primary advantage of centralized logistics is its relative efficiency, whereas a primary advantage of decentralized logistics is its customer responsiveness.
Decision-making in a supply chain network can be performed in a centralized or decentralized way. In a centralized structure, there exists a central authority responsible for decision-making, whereas in a decentralized structure the individual entities can make their own decisions.
In centralized organizations, strategic planning, goal setting, budgeting, and talent deployment are typically conducted by a single, senior leader or leadership team. In contrast, in decentralized organizations, formal decision-making power is distributed across multiple individuals or teams.
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a statement of stockholders' equity is normally prepared when there is a a.change in paid-in capital accounts. b.change in stock accounts. c.purchase of treasury stock. d.all of these choices are correct.
All of this choices are correct. A statement of stockholders' equity is normally prepared when there is change in paid-in capital accounts, change in stock accounts, purchase of treasury stock.
Stockholders' equity, also known as shareholders' or owners' equity, is the remaining quantity of assets available to shareholders after all liabilities have been paid. It's far calculated both as a company's total property much less its overall liabilities or alternatively as the sum of share capital and retained profits less treasury shares. Stockholders' fairness may include common stock, paid-in capital, retained earnings, and treasury stock. Conceptually, stockholders' fairness is beneficial as a way of judging the funds retained within a business. If this parent is poor, it may imply an oncoming financial ruin for that business, particularly if there exists a huge debt liability as well. Stockholders' equity is frequently referred to as the book value of the agency and it comes from predominant assets. the first source is the money initially and finally invested within the agency thru percentage services. the second one supply includes the retained profits (RE) the company accumulates over time through its operations. In most cases, especially when dealing with companies that have been in business for decades, retained profits is the most important aspect.
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What are some concerns of a resident project represen-tative or an inspector with respect to his or her project during the construction phase?
Some concerns of a resident project representative or an inspector with respect to his or her project during the construction phase are
Contract managementRegulation of job costsContract duration and delaysquality controlThis is further explained below.
What is a resident project representative?Generally, To ensure that the project is being built in accordance with the contract papers and construction plans, a resident project representative (RPR) is in charge of monitoring daily construction activities.
In conclusion, During the building period, a resident project representative or inspector can be concerned about the following:
Contract managementRegulation of job costsContract duration and delaysquality controlRead more about the resident project representative
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Workers resisted being treated as interchangeable parts in the industrial system by ______.
Workers resisted being treated as interchangeable parts in the industrial system by taking unauthorized days off from work.
Future industrial systems are complicated systems made up of a large number of devices that communicate with one another and with corporate systems.Chemical production systems, power generation systems, and automobile manufacturing systems, for example, all play an important part in the national economy. However, due to the hazards of environmental contamination, industrial systems can also produce a variety of environmental and social problems such as water pollution, haze-fog phenomena, health difficulties, and riots.Future industrial systems are envisioned as complex systems comprised of enormous numbers of devices that constantly interact with one another and with corporate systems. Web services, service-oriented architectures (SOAs), the cloud, and other modern technologies and concepts enable sophisticated infrastructures to emerge in future factories.Thus, the answer is by taking unauthorized days off from work.
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hentoncast, a small, privately held maker of high-end fly-fishing rods, is known for expensive, handmade, custom rods used by enthusiasts and celebrities. based on results from consumer research, hentoncast is about to introduce a line of ready-made rods with a somewhat lower, yet still premium, price that will be accessible to a wider range of consumers. you are the vice president of marketing at hentoncast. your job is to determine an appropriate target market for these new fishing rods and establish appropriate marketing channels to reach those customers, while still providing service to your original customers.
Consumers with the exact demographics tend to love the same products and services, which is why checking down the segments is one of the most significant factors in determining target markets.
What are the 4 types of the target market?Demographic, psychographic, behavioral, and geographic segmentation are considered the four main types of market segmentation, but there are also many other methods you can use, including multiple variations on the four major types. Here are several more ways you may want to look into.
A target customer is a person that's most likely to purchase your product.
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