The ability of a person or corporation to repay debts or their credit history are both examples of credit. A balance sheet change affects a company's assets, liabilities, and equity.
Although this term has multiple financial meanings, most people understand it to refer to a situation in which a borrower borrows money from a lender and then returns it to them along with interest.
The majority of people continue to view credit as an arrangement to obtain goods or services with the promise of later payment. This is what is meant when something is bought with credit.
Currently, the most popular method of purchasing on credit is through credit cards. By doing this, the credit arrangement gains a middleman. The bank that issued the buyer's credit card pays the merchant in full and extends credit so that the buyer can repay the bank with interest over time.
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As monte carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result.a. Trueb. False
As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result is true.
The Objectives of SimulationThe fundamental goal of simulation is to illuminate the underlying processes that regulate a system's behavior. A system's future behavior can be predicted (forecasted) using simulation, and you can use it to figure out how to influence that behavior in the future.
By simulation, what do you mean?A simulation is a model that replicates how a current or proposed system functions, offering evidence for decision-making by allowing the testing of various scenarios or process improvements. A more immersive experience can be had by combining this with virtual reality technology.
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Why do we have tamper proof packaging?
We have Tamper proof packaging to reduce the risk of damage products.
The United States FDA states that Tamper proof packaging is defined as having one or more indicators or barriers to entry which if breached or missing, can reasonably be expected to provide visible evidence to consumers that tampering has occurred.
The tamper proof packaging to reduce the risk of damage products besides individually-wrapped products, tamper-proof packaging prevents damage during shipment. Additional measures, such as the application of plastic strapping helps prevent corrugated boxes from being opened during shipment.
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a guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)a guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)a guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)
A guide who leads the project team through an analysis of project activities that went well and of the goals and accountability is Project facilitator.
What does a project team look like?
Depending on the situation, a small business may only have one staff that works on many tasks. For instance, the team might be working on new product development the following day after spending the previous day at a trade fair gathering sales leads.
What do members of a project team do?This could apply to both internal staff members and outsiders who might be consultants, specialists, or vendors. The project manager assigns duties to project team members depending on their backgrounds, skills, and the business department they are employed in.
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which of the following is not provided for under the wagner act, also called the national labor relations act? a. employees have the right to bargain collectively b. employees have the right to strike, or collectively refuse to work c. employees have the right to protest unfair labor practices d. employees have the right to form picket lines that block entrances to a business
The following is NOT provided for under the Wagner Act, also called the National Labor Relations Act Employees have the right to form picket lines that block entrances to a business.
Which of the following is not a Wagner Act provision?Which of the following is not a provision of the National Labor Relations Act, generally known as the Wagner Act? Giving employees pay raises at a time when unionization is being discouraged is considered an unfair labor practice.
What provision of the National Labor Relations Act is not present here?The NLRA protects the vast majority of employees in the private sector. Government employees, agricultural workers, independent contractors, and supervisors are not covered by the law (with limited exceptions).
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suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed ______.
Suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed sells dollars to lower the exchange rate.
The currency market is offering fewer US dollars as the expected return from keeping US dollars rises. The currency will weaken if there are too many US dollars in circulation.
If the exchange rate is too low, the US dollar will become more expensive and difficult to come by. As the exchange rate increases, there is a decrease in demand for US dollars rates of interest in the US and abroad.
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If a transaction has been improperly journalized and posted to the ledger, the incorrect journal entry should be corrected with this type of additional journal entry.
a. True
b. False
incorrect journal entry should be corrected with this type of additional journal entry called as correcting entry. This statement is true.
A journal entry may be sufficient to fix an accounting mistake. A "correcting entry" is a type of journal entry. Correcting entries change the retained profits of an accounting period, which is your profit less costs. The accrual accounting system, which employs double-entry bookkeeping, includes correcting entries.
This implies that the corrective entry will include a debit as well as a credit. Checking your trial balance and/or doing reconciliations, such as comparing your accounting records to your bank statement, will help you identify many accounting problems.
Accounting mistakes are inconsistencies in a company's financial records. They are mostly unintended (intentional errors can lead to criminal investigation).
Errors might be little inaccuracies that have no impact on the total results, or they can snowball into larger miscalculations that need more time and money to uncover and correct. Accounting errors may stymie your small business's growth, so it's critical to understand the most prevalent forms of accounting errors and how to remedy them.
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total spending for the federal government of lilliput for the last fiscal year was $4.71 billion. the country collected $4.83 billion in taxes during this same fiscal year. assume government transfers were zero. based on this information, what is lilliput's budget balance?
Lilliput has a budget surplus of $0.12 billion as per the given spending and transfers
A transfer payment is a one-way payment made to an individual or group without any exchange of goods or services. Contrast this with a straightforward "payment," which in economics is a money transfer in return for a good or service.
In general, payments made by the government to people through social programs like welfare, student loans, and even Social Security are referred to as "transfer payments."
Calculating the budget balance:
Spending totals for the most recent fiscal year were $4.71 billion.
$4.83 billion in taxes were collected during the same fiscal year.
Transfers from governments = $0
Lilliput's financial situation:
= (Taxes - Transfers from the government) - Total government spending
= ($4.83 billion - $0) - $4.71 billion
= $0.12 billion
Due to its good budget balance, Lilliput had a budget surplus during the previous fiscal year.
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a purchasing agent directing her company's orders to a firm from which she received a valuable gift, is an example of:
A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of: Conflict of interest.
What do you mean by conflict of interest?
A conflict of interest arises when a person's or organization's vested interests cast doubt on the propriety of their decisions, actions, and/or representation of a family member in court. Conflicts of interest may result in damaging misunderstandings about scientists and the scientific community.
When significant sums of money are at stake, it could be challenging to persuade the general public, lawmakers, the, and even coworkers that the results weren't skewed for personal advantage.
launching a business in opposition to your current job.giving a customer investment advice at a business controlled by your spouse.hiring an unqualified friend or family.To know more about Conflict of interest here
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human capital refers to multiple choice the accumulated knowledge and skills that allow a person to be productive. machinery that requires extensive human interaction to be productive. the accumulated financial assets of people. all of these things.
Human capital refers to the accumulated knowledge and skills that allow a person to be productive.
Human capital includes the knowledge, abilities, and health that human beings acquire for the duration of their lives, enabling them to recognize their capability as effective members of society. we are able to end excessive poverty and create extra inclusive societies by way of growing human capital.
Examples of human capital include verbal exchange abilities, education, technical abilities, creativity, experience, problem-solving capabilities, mental health, and personal resilience.
You may separate human capital into 3 types: expertise capital, social capital, and emotional capital.
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where does a country lie on the economic continuum if their economy is 70% free/market and 30% command?
Command economies exist in Havana, North Korea, as well as the former Soviet Union. China had a centrally planned economy until 1978, when it started transitioning to a mixed economy.
What does the market mean?
Definition: A industry is characterized by the total number of sellers and buyers in a given area or region. This same region may encompass the entire universe, or it can be countries, territories, cities and counties, or cities. The value, cost, and value of items traded in a market are determined by the supply and demand forces.
What are the various market types?
Market types include:
Monopoly: A monopolistic is a market emergence that possesses the characteristics of a pure industry.Oligopoly.The ideal rivalry.Monopolistic rivalry.Monopsony.Oligopsony.Monopoly by nature.To know more about Market visit:
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g fetzer company declared a $0.55 per share cash dividend. the company has 280,000 shares authorized, 266,000 shares issued, and 11,200 shares in treasury stock. the journal entry to record the dividend declaration is:
Credit Common Dividends Payable ($104,500) and debit Retained Earnings ($104,500).
Dividends Payable: 190,000 x $0.55, = $104,500. Hence, Credit Common Dividends Payable ($104,500) and debit Retained Earnings ($104,500). A dividend is a payment made by a company to its shareholders in exchange for profits. When a company makes a profit or has extra cash, it has the option of giving shareholders a portion of that sum as a dividend. Any remaining funds are seized and reinvested in the company (called retained earnings). A corporation is typically not allowed to pay a dividend out of its capital; therefore, both the current year's profit and the retained earnings from prior years are eligible for distribution. If a firm has a dividend reinvestment plan, the amount can be paid via the issue of more shares or by share repurchase. Distribution to shareholders may also be made in cash (often a deposit into a bank account). Assets may be distributed in some circumstances.
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14-18 an economist has predicted that for the next 5 years, the u.s. will 14-18 have a 2.5% annual inflation rate, followed by 5 years at a 3.5% a inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
The average price change per year for the entire 10-year period.
What is an average price?
The average price is mean price of the security or asset observed over a certain amount of time. The simple arithmetic average of closing prices over a given time period is used to calculate it. The volume-weighted average price (VWAP) can be calculated on an intraday basis after being adjusted for trading volume. A survey of vendors or manufacturers over a predetermined time period can also be used to determine the average price of an item, such as a gallon of standard gasoline.
Given:
The Average value can be computed using mean of the observations.
In this case, rate of inflation is 2.5% for first five years and
the rate of inflation is 3.5% for the next first five years
Average inflation rate = (5*2.5% + 5*3.5%) / 10 = 3%
Thus the average price change per year for all 10 year is 3 percent.
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Professor patty is very distraught that three students in her class cannot afford to buy the 42- chapter book for the course. the book is used for two semesters, although not all students take the second semester. she finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. professor patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. if professor patty is sued for copyright infringement: __________
If Professor Patty is sued for the copyright infringement she loses because she is copying whole sections and significant portion of book.
What is copyright infringement?The use of works protected by copyright without authorization for a use where authorization is required constitutes copyright infringement and violates certain exclusive rights granted to the copyright holder, such as right to reproduce, distribute, display, or perform protected work, or right to create derivative works. Copyright infringement disputes are typically settled through direct discussion, a notice and take down procedure, or lawsuit in civil court. The criminal court system occasionally pursues cases of egregious or widespread economic infringement, particularly where counterfeiting is involved. The actual economic impact of copyright violations has been estimated, although these estimates are highly variable and dependent on other elements. In spite of this, legislators, business leaders, and copyright owners have traditionally referred to copyright violations as theft or piracy.
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well-educated americans do not experience wage drops because of undocumented immigrants. t or f
True Undocumented immigrants do not directly affect the wages of genuine, well-educated Americans.
According to the Center for Immigration Studies, immigration has an effect on employment and wages. According to the Center for Immigration Studies, native workers in low-skilled occupations suffer the most from immigration's negative impact on wages. Movement brings down compensation for those at the lower part of the financial scale.
While recent immigration inflows have little effect on native-born Americans' relative wages, immigration has a larger impact on overall wage inequality—that is, wage disparity between native-born and immigrant workers—than it does on wage disparity between native-born Americans.
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rolling company bonds have a coupon rate of 5.20 percent, 20 years to maturity, and a current price of $1,146. what is the ytm? the current yield? (do not round intermediate calculations. enter your answers as a percent rounded to 2 decimal places.)
Rolling company bonds have a coupon rate of 5.20 percent, 20 years to maturity, and a current price of $1,146. Yhe ytm Yield to maturity is 4.17 %. Current yield is 4.54%.
a) Yield to maturity = Coupon payment + Capital gains/Average price
Capital gains = Face value - Market price/Number of years
= $1000-$1146/20 = -$7.3
Average price = $1000+$1146/2 = $1073
Coupon payments = $1000*5.20%= $52
Yield to maturity =$52-$7.3/$1073 *100
= 4.17%
Current yield = Coupon payment/Current market price *100
= $52/$1146 *100
= 4.54%
A company is a prison entity shaped by means of a group of individuals to engage in and function a commercial enterprise—business or business—organisation. A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
Typically recognized forms of agencies like, private agencies and Public agencies are defined based totally on a number of individuals (shareholders). In any company, besides OPC, the membership can be held by way of any man or woman or even a frame corporate.
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present value of a lump sum is: group of answer choices the value in today's dollars of some amount to be received or paid in the future the value at some future point in time of an amount loaned, borrowed, saved, or invested today the present value of a series of equal payments where each payment is made at the end of a period in the series the present value of a series of unequal payments
A lump sum's present value is equal to its total future cash flow's value as of today.
Whole Sum Formula for Current and Prospective Value
Value of Money over Time
Financial management uses the time money value idea to evaluate lump-sum cash flows that are received or received at various dates.
The impact of time and compound bond yields on the value of the lump amounts can be determined using the lump sum current and future value formulas. The best way to see them is as examples.
Future Worth of a Lump Sum from Present Value
A lump sum received today and placed over a number of periods at an interest rate that compounds will have future value.
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once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to:
Once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to pay yourself.
What is the budget ?A budget is a financial plan that projects future earnings and costs. A budget, expressed simply, forecasts future spending and saving in addition to anticipated income and costs.
Simply said, a budget is a spending plan that accounts for both present and future sources of income and costs. A budget ensures that your spending is under control and that your earnings are on track for the term.
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an agency relationship can arise by ratification, which involves a determination of intent expressed by words or conduct.
Ratification, which entails determining whether the purpose was represented via words or behavior, may result in the formation of an agency relationship. This assertion is untrue.
Common shareholders are the company's owners and management is responsible for reporting corporate revenue to shareholders, there is an agency connection between management and shareholders under the corporate form of business organization.
When a person, the principal, ratifies the unlawful acts or behavior of another person, the agent, that has already occurred, an agency by ratification is established.
The following circumstances result in the formation of an agency relationship: express agreement, implied from the circumstances, through necessity, estoppel, or ratification by the principal.
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a bank credit card charges interest at the rate of 24% per year, compounded monthly. if a senior in college charges $1,900 to pay for college expenses, and intends to pay it in one year, what will he have to pay? (round your answer to the nearest cent.)
If the expenses are compounded monthly and the credit expenses are to be paid in a year then the amount that will be paid will be $2,409
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It is frequently compounded monthly, which means that each month the interest is added back to the principal
Interest Rate (r) = 24% = 0.24
Principle Amount (P) = $1,900
Time to pay college expenses (t) = 1 year
Number of times that interest will be added in a year (n) = 12
We will use the following formula to compute the amount to be paid:
[tex]A = P (1 + \frac{r}{n})^{nt}[/tex]
A = 1900 * [1 + (0.24 / 12)]¹²
A = 1900 * [1 + (0.02)]¹²
A = 1900 * (1.02)¹²
A = 1900 * 1.268 = 2409.2
Therefore, the Amount to be paid = $2,409
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g last year art charged $1,736,533 depreciation on the income statement of andrews. if early this year art purchased a new depreciable asset, the effect on andrews's financial statements would be (all other items remaining equal):
Last year art charged $1,736,533 depreciation on the income statement of andrews. If early this year art purchased a new depreciable asset, the effect on andrews's financial statements would be (all other items remaining equal) increase
net cash from operations.
Since the assets was purchased early in the
year, depreciation will be charged on it in
the income statement for the year at the end
of the year. Since depreciation is a non-cash
item, it will added back to the net income in
the indirect Cash Flow Statement method
as one of the adjustments to the net income
under the Cash from operations. This adding
back of the depreciation will therefore lead
to an Increase Net Cash from operations.
So, last year art charged $1,736,533 depreciation on the income statement of andrews. If early this year art purchased a new depreciable asset, the effect on andrews's financial statements would be (all other items remaining equal) increase
net cash from operations.
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runnin' wild family fun center bought new go-karts for its recreation facility. the useful life is 6 years. the go-karts had a total cost of $5,100 and will generate $1,700 total cash inflows each year for the life of the go-karts. the residual value of the go-karts is $650. the payback period in years is closest to
Runnin' wild family fun center's payback period is closest to 3 years.
In capital planning, the term "payback period" describes the amount of time needed to recover investment costs or to break even.
The term "payback time" refers to the number of years needed to recoup the initial monetary outlay. It is, in other words, the length of time that a machine, facility, or other investment has generated enough net income to pay its investment costs.
The calculation technique is really just a matter of dividing the initial investment's cost by the annual cash flows. Initial Investment x Cash Flow Per Year = Payback Period.
Payback period = initial investment / Annual Cash inflows
Payback Period = $5100 / $1700
Therefore, the payback period = 3 years.
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why is online analytical processing (olap) software included in many business intelligence (bi) software applications
Online analytical processing (olap) gives end users the ability to do ad hoc analyses of data in numerous dimensions, giving them the knowledge and comprehension they need for better.
Why does business intelligence need to use OLAP technology?Data may be arranged using OLAP in a multidimensional model that is simple for business users to grasp and utilize in decision-making processes such as budgeting.Online Analytical Processing, often known as OLAP, is a concept in business intelligence that is used for managing large amounts of data. With the use of OLAP, end users may execute challenging computations, trend analysis, "what-if" scenarios, and other tasks.Online analytical processing (olap) gives end users the ability to do ad hoc analyses of data in numerous dimensions, giving them the knowledge and comprehension they need for better.To learn more about Online analytical processing (olap) refer to:
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will the government maintain cut public programs to maintain spending levels without increasing the debt
Yes, the government will maintain cut public programs to maintain spending levels without increasing the debt.
More proof that spending reductions are less detrimental to economic growth than tax increases is provided by a recent study. The nation might increase taxes or cut spending to lower the debt.
Both of these contractionary fiscal policy tools have the potential to impede economic growth.
Government debt can be paid off by raising taxes and cutting spending. However, these policies make life more difficult for the general public.
Less socially beneficial initiatives, like healthcare services, veteran aid, and environmental improvements, are the result.
Spending reductions, according to some economists, are the best treatment for regaining fiscal health. Contrarily, some claim that spending reductions are counterproductive since they stunt economic expansion.
To boost a sagging economy, they recommend increasing government expenditure even further.
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question content area a capital expenditure results in a debit to a(n) a.capital account b.liability account c.expense account d.asset account
Question content area a capital expenditure results in a debit to an asset account (option d).
What is capital expenditure?Capital expenditure is money spent by a business or government to purchase or improve assets that are expected to have a long-term benefit. Examples of capital expenditure include the purchase of buildings, equipment, furniture, and vehicles. Improving existing assets also counts as capital expenditure, such as maintaining a building or repairing a vehicle. Capital expenditure can also be used to finance research and development projects, as well as new technology. By investing in these long-term assets, businesses and governments can increase their efficiency and productivity, resulting in increased profits and growth.
A capital expenditure results in a debit to asset account because it represents an investment in something that will benefit the company over a longer period of time, such as a building, machinery, or equipment. The debit to the asset account reflects the cost of the capital expenditure.
It can be concluded that question content area a capital expenditure results in a debit to an asset account (option d).
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Which process of the enterprise platform interacts with vendors?
in total bk fast foods can produce 800 different kinds of sandwiches.they are able to do so by designing their sandwiches using a common platform which consist of a bun, patty (fish, chicken, beef or veggie), and lettuce, reducing the (internal) options from 800 to a far more manageble 60. once an order is received from a customer the rest of the sandwich is made-to-order, consisting of, cheese, bacon, onions, tomatoes, and pickles. this practice reduces both excess inventory and stockouts. what concept from supply chain management does this practice best represent? postponement, using a generic product with modularization pooling, storing all ingredients in a centralized location for supply to different retail locations both postponement and pooling customization with unique products designed to meet individual customer requirements.
The notion of supply chain management that includes postponement using a generic product with modularization is best represented by this practice. Hence answer is(A).
The postponement is used is in manufacturing processes, where it lowers inventory costs and raises corporate service standards as product variety expands.
The idea of postponement is to put off the change in form, identity, and location as long as you can until you have secured consumer commitments.
Postponement and modularization go hand in hand when a product family is developed so that each member is made up of unique, standardized units.
Modularization enables the production of many end products by combining several standardized sub-components.
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In perfect competition, long-run equilibrium occurs when the economic profit is?
In perfect competition, long-run equilibrium occurs when the economic profit is zero.
Marginal revenue equals marginal expenses, which also equals average total costs, to reach the long-term equilibrium of a completely competitive market. A span of time known as the long run is one in which production variables are not fixed. It is determined by demand and supply, just like any other economic equilibrium.
In an environment where there is perfect competition, businesses never make a profit. Long-term accounting profits can be made by businesses, but economic profits are not possible. The perfect competition requires a big number of sellers or businesses, which is a fundamental requirement. Second, on the list of essentials for a perfect market is homogeneous commodities. Each company in the sector produces a single, uniform product.
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if the marginal cost of producing this good is 4, how much total consumer surplus would consumers receive in this market? a. 8 b. 64 c. 12 d. 32
If the marginal cost of producing this good is 4, the total consumer surplus consumers would receive in this market is 32.
What is the Marginal cost?A unit's marginal cost, as used in economics, is the difference in total production costs that results from creating or producing an additional unit. Divide the change in production costs by the change in quantity to obtain the marginal cost. To assess when a company may reach economies of scale to maximize production and all other operations, the marginal cost analysis is done. The producer may make money if the marginal cost of producing one extra unit is lower than the price per unit. Producing additional units will increase variable costs because they vary depending on production levels.
When stepping up production entails increased expenses due to shifts in key ranges, businesses must be careful.
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personal selling goals typically include finding prospects, determining their needs, persuading prospects to buy, and _______.
Finding prospects, persuading prospects to purchase, then maintaining client satisfaction are the three main objectives of relationship marketing.
What does the word "purchasing" mean?
The organized procurement acquiring merchandise and services on service of the capital investment is known as purchasing. To guarantee that necessary materials are obtained quickly and affordably, purchasing actions are required.
What does purchasing signify in the business world?
A buy is when something is obtained in exchange for the some form of payment, such as services or products. The usual forms of payment are money or borrowing (to be paid later). A purchase could also be made in lieu of taking on a responsibility or as part of an exchange of goods where particularly in non resources are traded.
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revenue and expense data for innovation quarter inc. for two recent years are as follows: current year previous year sales $ 4,000,000 $3,600,000 cost of goods sold 2,280,000 1,872,000 selling expenses 600,000 648,000 administrative expenses 520,000 360,000 income tax expense 240,000 216,000 a. prepare an income statement in comparative form, stating each item for both years as a percent of sales. enter all amounts as positive numbers. b. comment on the significant changes disclosed by the comparative income statement.
The comparative statement shows the percentage change in every item of the income statement with respect to sales.
What is a comparative statement?A comparative statement contrasts a specific financial statement with statements from earlier periods. Investors may readily follow a company's progress and evaluate it against competitors because of the side-by-side columns that display previous financial data alongside the most recent information.
The income statement of Innovation quarter Incorporation for two recent years in a comparative form is attached in the image.
From the comparative income statement, it has been found that the selling expenses have decreased and administrative expenses have, giving no effect on the total operating expenses.
The net income has also decreased in the current year in the current year with respect to the previous year.
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