Ye principles of internal control do bot include (a) preparation of written procedures. (B) conduct of external audits
(c) segregation of duties
(D) job rotation
(E) restricted asset acccess
Ye principles of internal control do not include restricted asset access
Option E is correct .
What befit the principles of internal control include?The most significant control conditioning concern segregation of duties, respectable authorization of sales and conditioning, acceptable documents and records, physical control over means and records, and self-dependent checks on performance.
What's internal control?Internal control is a procedure, effected by an reality's board of directors, supervision and other workforce, allowed to give reasonable satisfaction That facts is dependable, accurate and immediate. Of compliance with applicable laws, regulations, contracts, programs and processes.
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Where will your transactions take place? Is the purchaser the user of your product/service?
For clothing store
The transactions take place in the clothing store at the payment counter of the store. The purchaser act as the user of the product bought from the store.
What is a transaction?A transaction is an event where a person buys or sells the product for which he/she makes or gets the payment in return.
When an individual buys a product from a clothing store, then he/she goes to the payment counter for paying the bill. This shows a transaction at the where he/she got the product and the clothing store got the money for it. The individual who buys the clothing product act as a user of a product because he/she takes it for his/her personal use.
Therefore, after paying the bill for the product at the counter, the transaction initiates and the purchaser becomes the user of the product.
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Finisher Inc. sells merchandise of $250,000 in 2020 that includes a three-year limited warranty. Warranty costs are estimated to be 1% of sales. The company incurred actual costs of $800 in 2020 related to the warranties. a. Record the warranty accrual at the time of sale in 2020. b. Record the adjustment to the warranty accrual for actual warranty costs in 2020.
Answer: See explanation
Explanation:
a. Record the warranty accrual at the time of sale in 2020.
Debit Warranty expense = $250,000 × 1% = $2,500
Credit Warranty Liability $2,500
(To record the warranty accrual)
b. Record the adjustment to the warranty accrual for actual warranty costs in 2020.
Debit Warranty Liability $800
Credit Cash and Payables $800
You have decided that you want to be a millionaire when you retire in 45 years.
Required:
a. If you can earn an annual return of 11.04 percent, how much do you have to invest today?
b. What if you can earn an annual return of 5.52 percent?
Answer and Explanation:
The computation is shown below:
We use the formula that is given below:
Invested amount = $1,000,000 present value
Present value = 1 ÷ (1 + rate of interest)^number of years
a.
The amount invested is
= $1,000,000 ÷ (1.1104)^45
= $8,983.07
b,
The amount invested is
= $1,000,000 ÷ (1.0552)^45
= $89,111.71
QUESTION 8 of 10: The function of a financial planner is:
Oa) To share in the profit/loss of your investments
b) To convince you to purchase large-cap stocks
c) To design your personal budget plan
Od) To help you define and reach your financial goals
The function of a financial planner is to help individuals or organizations define and reach their financial goals through a variety of services, including budget planning. So, correct option is D.
Unlike an investment advisor who is primarily focused on managing investments, a financial planner takes a more holistic approach to a client's financial well-being. They work closely with clients to understand their current financial situation, identify their goals and objectives, and develop a personalized financial plan to achieve those goals.
Financial planners do not share in the profit or loss of their clients' investments, nor do they aim to convince their clients to purchase specific stocks. Instead, they provide unbiased advice and recommendations based on their clients' individual needs and objectives.
Ultimately, the goal of a financial planner is to help clients achieve financial security and success by providing expert guidance, ongoing support, and customized solutions to meet their unique financial needs.
So, correct option is D.
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Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for $949 and matures in 25 years. The par value is $1,000 and the company's tax rate is 39 percent. What is the company's aftertax cost of debt
Answer:
The right response is "4.102%".
Explanation:
Given:
Number of half years,
n = \(25\times 2\)
= \(50\)
Coupon per half years,
c = \(1000\times \frac{6.3 \ percent}{2}\)
= \(31.5\)
Price,
pv = 949
Par value,
= 1000
Now,
The YTM will be:
= \(rate(n,c,-pv,fv)\times 2\)
= \(rate(50,31.5,-949,1000)\times 2\)
= \(6.724\) (%)
hence,
After tax cost of debt will be:
= \(YTM\times (1-tax \ rate)\)
= \(6.724\times (1-39)\)
= \(4.102\) (%)
Bolve, a company that essentially made leather bags and jackets, introduces men's cologne under its new category of skincare products. In this case, Bolve is engaged in _____.
a.
line extension
b.
market segmentation
c.
brand extension
d.
product bundling
A company engaged in producing leather bags and jackets introducing men's cologne is under the activity of brand extension.
What is brand extension?When a brand expands the scope of the types and categories of products, goods and/or services it sells, it is known as brand extension.
Hence, option C correctly describes that Bolve is engaged in brand extension.
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Xây dựng quá trình nghiệp vụ mua và giao nhận áp tải một lô hàng cụ thể theo dữ liệu sau
Đúng 8h ngày 30/5 nhân viên nghiệp vụ đến tổng kho KH A để mua hàng doanh nghiệp không có phương tiện vận chuyển và hàng mua phải thanh toán bằng tiền mặt. Trong hoá đơn có gì những mặt hàng sau đây
Xà phòng bột VISO 500kg đống thành 1000 gói mỗi gói 500g giá 4000đ/gói
Vải chéo hoa con công Trung Quốc khổ 80cm tổng số 2400m tổng thành 40 cuộn 1 cuộn 60m giá 5000đ/m
Bộ đồ mùa hè người lớn 100 bộ giá 20.000đ/ bộ
Đường kính trắng vạn điểm 02 tấn đóng trong 40 bao 1 bảo 50kg giá 6000đ/kg
Là nhân viên nghiệp vụ hãy mua và giao nhận lô hàng trên
Answer:
Quản lý chuỗi cung ứng là quá trình quản lý sự di chuyển của nguyên vật liệu thô và các bộ phận từ khi bắt đầu sản xuất cho đến khi giao hàng đến tay người tiêu dùng. Trong nhiều tổ chức, các quyết định về chuỗi cung ứng vận hành được đưa ra hàng trăm lần mỗi ngày ảnh hưởng đến cách sản phẩm được phát triển, sản xuất, di chuyển và bán. Mức độ phức tạp của chuỗi cung ứng thay đổi theo quy mô của doanh nghiệp cũng như mức độ phức tạp và số lượng của các mặt hàng được sản xuất, nhưng hầu hết các chuỗi cung ứng đều có các yếu tố chung, chẳng hạn như sau
Explanation:
Làm ơn đi
James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?
The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%
The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.
What is inflation?The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.
How do you determine it?James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.
Raise in salary = 43800 - 42000 = $1800
Therefore, real raise of salary in percentage is:
= Raise in salary/ initial salary x 100%
= 1800/42000 x 100%
= 4.285% = 4.29%
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When must you wash your hands
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Assignment:
In this lesson, you learned about the three legal forms of business ownership: sole proprietorships, partnerships, and
corporations. You also learned about alternative types of business ownershlp Including franchises, nonprofit
organizations, and cooperatives. All of these business forms have thelr own sets of rules, risks, and obligations.
Explain the advantages and disadvantages for each type of business ownership listed above. Then, choose the type of
business ownership that you personally would feel most comfortable participating in. Explain your choice.
Assignment Guidelines:
Your response should include the advantages and disadvantages of the six types of business ownership listed, along
with your choice and explanation. Your response should be approximately one-and-a-half pages long, double-spaced,
standard margins, and 12-polnt Times New Roman font.
Submission Requirements:
Submit a Word document containing your response to the assignment
When submitting written assignments, please remember to:
• Submit the assignment question(s) with your responses.
• Proofread for spelling, grammar, and punctuation.
• Use complete sentence structure.
• Make sure paragraphs have at least six sentences.
In-depth research is needed on the advantages and disadvantages of the three forms of business ownership and alternative types and what type of ownership you would be most comfortable with.
Sole ProprietorshipsIt is a form of company in which only one person is responsible for management, with no legal distinction between the owner and the company.
The advantages are the less bureaucracy and lower interest rate. The disadvantages are the difficulty in obtaining financing and business credit.
PartnershipsIt is a professional relationship between two or more people to carry out a business. The advantages are the sharing of risk and responsability. The disadvantages are related to the loss of autonomy and conflicts.
CorporationsIt is an entity that has a legal status separate from its owners. The advantages are the ease of obtaining credit and protection from the liability of partners. The disadvantages relate to greater bureaucratization and formalities.
FranchisesIt is a business system where royalties are paid to a franchisor for the right to sell the same products and services. The advantages of franchising is the value of the brand and customer perception. The disadvantages are the high investment and maintenance of the business.
Nonprofit OrganizationsIt is an entity whose objective is to offer social benefits and to the general public, non-profit. The advantages are employee motivation and commitment and the disadvantages are social pressure and lack of financial resources.
CooperativesIt is an association of people who unite autonomously to meet their economic, cultural and social objectives and needs. The advantages are democratic management and ease of starting, while the disadvantages are less control and limited profitability.
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6. The following data summarize the operations during the year. Prepare a journal entry for each transaction. A. Purchase of raw materials on account: $3,000 B. Raw materials used by Job 1: $500 C. Raw materials used as indirect materials: $100 D. Direct labor for Job 1: $300 E. Indirect labor incurred: $50 F. Factory utilities incurred on account: $700 G. Adjusting entry for factory depreciation: $250 H. Manufacturing overhead applied as percent of direct labor: 200% 1. Job 1 is transferred to finished goods J. Job 1 is sold: $3,000 K. Manufacturing overhead is over applied: $100
A company's financial transaction must be recorded as a journal entry, which includes a debit and a credit.
These journal entries are used to record the following transactions:
A. Purchase of raw materials on account: $3,000 - Debit Raw Materials Inventory $3,000; Credit Accounts Payable $3,000
B. Raw materials used by Job 1: $500 - Debit Work-in-Process Inventory $500; Credit Raw Materials Inventory $500
C. Raw materials used as indirect materials: $100 - Debit Manufacturing Overhead $100; Credit Raw Materials Inventory $100
D. Direct labor for Job 1: $300 - Debit Work-in-Process Inventory $300; Credit Wages Payable $300
E. Indirect labor incurred: $50 - Debit Manufacturing Overhead $50; Credit Wages Payable $50
F. Factory utilities incurred on account: $700 - Debit Manufacturing Overhead $700; Credit Accounts Payable $700
G. Adjusting entry for factory depreciation: $250 - Debit Manufacturing Overhead $250; Credit Accumulated Depreciation $250
H. Manufacturing overhead applied as a percent of direct labor: 200% - Debit Work-in-Process Inventory $600; Credit Manufacturing Overhead $600
I. Job 1 is transferred to finished goods - Debit Finished Goods Inventory $500; Credit Work-in-Process Inventory $500
J. Job 1 is sold: $3,000 - Debit Accounts Receivable $3,000; Credit Sales $3,000; Debit Cost of Goods Sold $500; Credit Finished Goods Inventory $500
K. Manufacturing overhead is over-applied: $100 - Debit Cost of Goods Sold $100; Credit Manufacturing Overhead $100
In conclusion, a journal entry records a financial transaction by debiting one account and crediting another account. When preparing a journal entry, it's important to ensure that the total of debits equals the total of credits.
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The Grand Palace hotel has been in operation for over 10 years now. The hotel provides premium services to all its high-profile guests. The clients are extremely happy with the hotel services and quite a few of its guests have become regular visitors. This loyalty toward the hotel is an example of . Ritzo is a famous branded watch manufacturing company. It produces separate sets of watches for men and women, keeping in mind their preferences. This kind of segmentation is an example of .
The kind of segmentation that is described here is what is refered to as brand loyalty.
What is the segmentation here?The loyalty of guests towards the Grand Palace hotel is an example of brand loyalty. Brand loyalty refers to the strong attachment that customers have to a particular brand or product, often resulting in repeat purchases and a willingness to pay a premium price for the brand.
The segmentation of watches into separate sets for men and women by Ritzo is an example of market segmentation. Market segmentation is the process of dividing a market into smaller groups of consumers with similar needs or characteristics, in order to better understand and meet their needs. By segmenting their market and creating separate products for different groups of consumers, Ritzo is able to better tailor its offerings to the specific needs and preferences of its customers.
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dunn, inc. had 200,000 shares of $20 par common stock and 20,000 shares of $100 par, 6%, cumulative, convertible preferred stock outstanding for the entire current year ended december 31. each preferred share is convertible into five shares of common stock. dunn's net income for the year was $840,000. for the current year ended december 31, the diluted earnings per share is
Earnings per share is: (net income - preferred dividends)/common shares outstanding. Preferred stock dividends are $100 X 10% X 20,000 shares = $200,000.
Define cumulative, convertible preferred stock ?
Cumulative Convertible Preference Share are a type of preference shares where the dividend payable on the same accumulates, if not paid. After a specified date, these shares will be converted into equity capital of the company.For example, a company issues cumulative preferred stock with a par value of $10,000 and an annual payment rate of 6%. The economy slows down; the company can only afford to pay half the dividend and owes the cumulative preferred shareholder $300 per share.The cumulative preferred stocks are safe and secure regarding financial safety among all other stocks available in the market. The reason behind the same is that they will always get their dividend irrespective of the company's bad performance.To learn more about stock refers to:
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The diluted earnings per share is $2.80 for the current year ended December 31.
How to calculate diluted earnings per shares?To calculate the diluted earnings per share for Dunn Inc., we need to determine the total number of shares outstanding on a fully diluted basis. This takes into account not only the common shares outstanding, but also any additional shares that could be issued from the conversion of convertible preferred shares.First, we need to calculate the number of shares that could be issued from the conversion of the preferred stock.20,000 shares of preferred stock x 5 shares of common stock per preferred share = 100,000 potential additional sharesNext, we need to add these potential shares to the number of common shares outstanding to find the fully diluted number of shares.200,000 common shares + 100,000 potential additional shares = 300,000 fully diluted sharesFinally, we can divide the net income by the number of fully diluted shares to find the diluted earnings per share.$840,000 net income ÷ 300,000 fully diluted shares = $2.80 diluted earnings per shareIn summary, the diluted earnings per share is $2.80 for the current year ended December 31.To learn more about stocks and shares refer:
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Consumer Protection Acts on Marketing Functions
Answer:
Marketing must not be misleading or deceptive, for example, suppliers must not: give untrue characteristics about themselves, or their goods or services; or. ... A supplier must advertise goods or services only if they are available and can be supplied.
You own a stock portfolio invested 20 percent in Stock Q, 30 percent in Stock R, 15 percent in Stock S, and 35 percent in Stock T. The betas for these four stocks are 0.75, 1.90, 1.38, and 1.16, respectively. What is the portfolio beta?
Answer:
Portfolio Beta = 1.333
Explanation:
The portfolio beta is the function of the weighted average of the individual stock betas that form up the portfolio. The beta is the measure of the responsiveness of the stock in comparison with the market for any change happening in the market or due to systematic risk. We can calculate the portfolio beta as follows,
Portfolio Beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N
Where,
w refers to the weight of each stock in the portfolioPortfolio Beta = 0.2 * 0.75 + 0.3 * 1.9 + 0.15 * 1.38 + 0.35 * 1.16
Portfolio Beta = 1.333
Plains States Manufacturing has just signed a contract to sell agricultural equipment to Boschin, a German firm, for €1,250,000. The sale was made in June with payment due six months later in December. Because this is a sizable contract for the firm and because the contract is in Euros rather than dollars, Plains States is considering several hedging alternatives to reduce the exchange rate risk arising from the sale. To help the firm make a hedging decision you have gathered the following information. • The spot exchange rate is $0.8924/€ • The six month forward rate is $0.8750/€ • Plains States’ cost of capital is 11% • The Euro zone 6-month borrowing rate is 9% (or 4.5% for 6 months) • The Euro zone 6-month lending rate is 7% (or 3.5% for 6 months) • The U.S. 6-month borrowing rate is 8% (or 4% for 6 months) • The U.S. 6-month lending rate is 6% (or 3% for 6 months) • Plains States’ forecast for 6-month spot rates is $0.91/€ • The budget rate, or the lowest acceptable sales price for this project, is $1,075,000 or $0.86/€ a. If Plains States chooses not to hedge their euro receivable, the amount they receive in six months will be __________. b. If Plains States chooses to hedge its transaction exposure in the forward market, it will __________ €1,250,000 forward at a rate of __________. If Plains States chooses to hedge its transaction exposure in the forward market at the available forward rate. How much will it receive in 6 months? c. Plains States could hedge the Euro receivables in the money market. If it chooses the money market hedge, how much would it receive in six months assuming Plains States reinvests the proceeds at the U.S. investment rate?
Given that the expected spot rate for the next six months is $0.91/€, they will get $1,137,500 (1,250,000*0.91). If hedged using the forward market, it will get $1,093,750 (1250000*0.8750) after 6 months.
Is the FDIC insuring money market accounts?Money market mutual funds are not FDIC insured, but money market accounts are. You'll discover that a money market is a form of savings account that frequently contains certain checking account characteristics, such as check-writing rights and a debit card, when you compare it to a savings account.
Briefing:The money that has been placed in the US will mature at the end of the sixth month. These calculations are made:
amount of Euros to be borrowed : 1,250,000/1.045 = €1,196,172
Convert the Euros borrowed in to Dollars using spot rate: 1,196,172*0.8924 = $1,067,464
Invest Dollars for 6 months at lending rate of U.S(6%) and it realizes to: 1,067,464*1.03 =$1,099,488
At end of 6th month the loan borrowed in Euros will mature to €1,250,000 payable and the sale proceeds are used to pay it.
Therefore the amount realized will be $1,099,488.
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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What is the difference between an “I” statement and a “You” statement? a. The “I” statement is non-confrontational b. The “You” statement is non-confrontational c. The “I” statement is argumentative d. The “You” statement is neutral in tone
Answer:
the answer is b for plato users
Explanation:
Answer:
The answer is A. the "I" statement is non-confrontational.
Explanation:
took the test on e2020
question content area depreciation on an office building is $6,200. journalize the adjusting entry on december 31. if an amount box does not require an entry, leave it blank.
Entries are modified in the table below and clearly set in compliance with the query.
What kind of number is that?a mass or gathering, especially of an endless item: quantity of The proper amount of sand wasn't supplied. Animal boarding took up a slightly little amount of area. He donated money to a nonprofit organization on a regular basis.
How much is being have been using?When a decision is reached, the phrase "Used Amount" refers to the total of the arithmetic weekly averages of the Acquisitions Prices of all Mortgage Loans that Buyer had previously bought but had not yet been both repurchased by Seller or bought by a Takeout Investor.
Date Accounting titles and Explanations Debit Credit
Dec. 31 Depreciation Expense $12,600
Accumulated Depreciation - Office building $12,600
(To record the Depreciation Expense )
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Complete question:
3. Which of the following is NOT something you need to find out about in career planning?
a. the age of workers in an occupation
b. wages paid
c. education and training required
d. duties performed
Answer:
D
Explanation:
If preferred stock sold for $67 a share and $4 dividends were paid annually, what would be the required return
16.75 don't ask how I got it done the question before
What are some actions that may be taken by a nation to reduce interest rates in a country?
Answer:
The solution to this question can be defined as follows:
Explanation:
Its federal reserve of a nation will undertake several measures mostly on a bid to avoid the interest rate in the world. Using an exchange rate process, they increase the supply of money, lessen the number of discounts or even the money supply. Each of these steps raises the availability of resources as well as the rate of interest on the economy drops with a primary component of capital.
A company with a higher contribution margin ratio is either more or less sensitive to changes in the volume of sales revenue, depending on other factors. likely to have a lower breakeven point. more sensitive to changes in the volume of sales revenue. less sensitive to changes in the volume of sales revenue.
A company with a higher contribution margin ratio is C. more sensitive to changes in the volume of sales revenue.
What is the contribution margin ratio?The contribution margin ratio is the difference between a company's sales revenue and variable expenses when expressed as a percentage.
It is computed as contribution margin divided by sales revenue, multiplied by 100.
The higher the contribution margin ratio, the more funds are available to cover the business's fixed costs.
Thus, a company with a higher contribution margin ratio is C. more sensitive to changes in the volume of sales revenue.
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Which of the following is a wise practice for making important purchases?
A. Skim return policies and warranties
B. Trust customer claims from the manufacturer
C. Ignore professional reviews
D. Be wary of customer testimonials
SUBMIT
Based on the question above, the correct answer is D
Be wary of customer testimonials SUBMITConsumer testimonialsThis is the reports from customers which will confirm the positivity or negativity of the product based on their experiences on the product.Therefore, the correct answer is D Be wary of customer testimonials SUBMIT
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Answer:D
Explanation: it’s right
Which part of the result block should you evaluate to determine the Needs Met rating for that result?
True False
You always need to evaluate both the block and the landing page.
True
False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
O True
False
For a Web Search Result Block, in most cases you should evaluate just the content inside the block.
O True
False
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases.
You always need to evaluate both the block and the landing page. It is False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True
For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True
How to Know if the Needs met for the resultThe answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.
For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.
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When calculating GDP, blank are added and blank are subtracted
When calculating GDP, Exports are added and Imports are subtracted.
What is GDP?A GDP is an acronym for Gross Domestic Product which helps to calculate the monetary values of goods and services available in the market. When these goods are purchased by the customers within a fixed period of time.
The calculation of GDP is based on the output based on the production and selling in the country. While calculating GDP the export is added as they show the incoming money in the market whereas imports are subtracted as they show the outgoing of money from the market.
Export refers to sending of goods for the purpose of selling to other countries. Imports refer to purchasing products from foreign countries due to the unavailability of resources.
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Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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What are Aggregate Demand and Aggregate supply?
Answer:
total or effective demand for good or service
total quantity of output firm will produce
Based on what Ursula’s seeing on her screen, Bonnie sees some potential red flags. What should Bonnie warn Ursula about?
Because Ursula doesn't understand how checking accounts and checks cashing at Walmart operate, she believes that the only reason she should be paying overdraft penalties is that she consistently spends more money than she has in her account.
What is a checking account?A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.
A checking account is designed for usage with everyday cash requirements. It serves as a person's main source of funding and allows for the withdrawal of cash for use in paying bills or making purchases.
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