Annual rent revenue = $24,000
Rent revenue for 4 months from September to December = 24,000 x 4/12
= $8,000
Rent revenue has been credited by $15,000. Thus, adjusting the entry on December 31 will be as under:
Journal
Dec. 31 Rent revenue 7,000
Unearned rent revenue 7,000
Revenue is the total quantity of financial gain generated by the sale smarts|of products} or services concerning the company's primary operations. Revenue, additionally referred to as gross sales, is usually named because the "top line" as a result of it sits at the highest of the income statement. When examining revenue vs income you must recognize that “revenue” refers to the entire amount of cash an organization generates before removing any expenses.“Income”, on the opposite hand, is up to revenues minus the prices of doing business, equivalent to depreciation, interest, taxes, and other expenses. Revenue and profit are each good signs for your business, but they're not interchangeable terms. each represents a very important thanks to perceive your business. Revenue describes income generated through business operations, whereas profit describes lucre when deducting expenses from earnings.
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true or false: there is no underpayment penalty assessed if the taxpayer chooses to pay nothing throughout the year, but sends in just enough of an estimated payment at year-end to meet the safe harbor rules.
It's untrue what they say. If a taxpayer elects to pay nothing during the year but sends in just enough of a projected payment at year's end to comply with safe harbor regulations, an underpayment penalty will be levied.
How can taxpayers guard against being hit with an underpayment penalty?In order to avoid a penalty, taxpayers should typically pay their estimated taxes in four equal installments. However, if your income fluctuates during the year, you might be able to adjust the annualized installment method's payment amounts to avoid or reduce the penalty.
What results in a penalty for underpaying taxes?Individuals' Underpayment of Estimated Tax If you don't pay enough anticipated tax on your income or you pay it late, you could face penalties as an individual, an estate, or a trust. Even if we owe you a refund, the penalty can still be applicable.
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When a firm assembles product chunks provided by outside contractors, the firm is employing a ________ structure.
Employing a modular structure is what a company does when it assembles product pieces that are supplied by outside contractors.
What is modular structure?A large product (like a car) can be separated into smaller, simpler components that are separately developed and produced using the modular design approach.
Any structure created for human or animal habitation, whether or whether it is intended to be set on a permanent base, is considered a modular construction.
Modular structures include pre-fabricated dwellings, modular homes, factory-built buildings, and sub-assembly for constructed residential and commercial units.
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what happens to market equilibrium quantity and price if supply increases and demand remains the same? (pick 2) a quantity increases b price increases c quantity decreases d price decreases g
Quantity increases and price decline when market equilibrium quantity and price if supply increases and demand remains the same.
What happens to the market's equilibrium as supply and demand rise?
The output and equilibrium price will both shift in the same direction in response to changes in demand. The equilibrium price and quantity of a good will fall as demand declines. When demand declines, there is an excess supply at the beginning price. When there is an abundance of a good, the price will drop as a result, and as the price drops, producers will be less motivated to create it. A rise in demand will result in an increase in a good's equilibrium price and supply. As demand rises, excess demand emerges at the starting price.The price will increase due to excessive demand, and as the price increases, producers are ready to sell more .
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medwig corporation has a dso of 41 days. the company averages $6,750 in sales each day (all customers take credit). what is the company's average accounts receivable? assume a 365-day year. round your answer to the nearest dollar.
The average accounts receivable is determined by dividing by two the total starting and ending receivables for a predetermined time period (often monthly, quarterly, or annually). The accounts receivable turnover ratio is a tool used in financial modelling to forecast balance sheets.
Explain about the average accounts receivable?High or increasing percentages are a sign that the revenue cycle management in your practice may need some work. Less than 12% is preferred, however the number of receivables older than 120 days should range between 12% to 25%.
Companies should aim for a ratio of at least 1.0 to ensure they collect the whole amount of average accounts receivable at least once during a period. In general, a greater accounts receivable turnover ratio is advantageous.
Average receivables are calculated by dividing the total beginning and ending receivables over a given period of time (such as monthly or quarterly) by 2.
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which of the following is likely to result from a rapid rise in aggregate demand? a. rising prices b. increased unemployment c. static living standards d. surplus on the balance of payments
(d) deficit on the balance of payments.
A rapid rise in aggregate demand is likely to lead to inflation. This may cause a depreciation, which may lead to a deficit on the balance of payments.
What is balance of payments (BOP)?
A statement of all transactions between entities in one country and the rest of the world over a specified time period, such as a quarter or a year, is known as the balance of payments (BOP), sometimes known as the balance of international payments. It compiles a list of every transaction that citizens, businesses, and governmental organizations within a nation make with counterparts abroad.
In simple words, The BOP is all transactions between entities in one country and the rest of the world over some time.
There are three key BOP components, including the:
current accountcapital accountfinancial accountThe current account must balance the capital and financial accounts.
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a taxpayer who decides not to pay a tax deficiency, must litigate in which court? a.u.s. tax court b.u.s. district court c.appropriate u.s. circuit court of appeals d.u.s. court of federal claims
Option (a) is the best choice. A taxpayer who chooses to dispute a tax debt must do so in U.S. tax court.
What is the Tax Court's function?One of the places where taxpayers can file a lawsuit to challenge IRS decisions is the Tax Court, and it's the only one where they can do so without paying any of the disputed taxes in advance. 19 members selected by the president make up the Tax Court.
The jurisdiction of the US Tax Court is what?As an independent judicial body for taxpayers contesting specific IRS determinations, Congress established the Tax Court. The Tax Court's jurisdiction is its right to decide certain cases. In general, a taxpayer can appeal certain IRS decisions by submitting a petition to the Tax Court.
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question content area which of the following is an example of a prepaid expense? a.unearned fees b.supplies c.unearned subscription revenue d.accounts receivable
Supplies are a prepaid expense.
Prepaid expenses are payments made in advance for assets that will be used over time. They include rent, insurance, supplies, equipment, and other similar sums.
Supplies are they a prepaid asset?Assets that are used up or come to an end become prepaid expenses. For instance, office supplies are regarded as an asset until they are utilized for business purposes, at which point they become a cost.
What expenses are regarded as prepaid?Rent or insurance are examples of prepaid expenses, which are future costs that are paid in advance. Prepaid expenses are first recorded as an asset on the balance sheet. The amount is then recorded as an expense as the benefits of the assets are realized over time.
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Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his _____ degree.
Issac just completed his master’s degree in regional planning, if he wants to continue his education even further, he could pursue his doctoral degree.
Local making plans can be defined because of the integrated management of spatially bounded regions' monetary, social, and physical assets. Local procedures and regulations have been proposed and achieved because of the beginnings of civilized settlement.
Nearby planning offers the green placement of land use sports, infrastructure, and settlement growth throughout a more extensive area of land than an. Individual town or city. Definition of nearby planning.
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meeting planning is a growing profession because select one: a. the profession involves practically all corporations b. it is mainly used by associations c. the convention market is growing d. all of the above e. none of the above
Meeting planning is a growing profession because the convention market is growing.
Meeting planning is a profession in which the planners arrange meeting, events or conventions in a proper and systematic manner.
Nowadays, there is a noticeable growth in the convention or event markets. It requires professional planners for these well organized meetings. That is why meeting planning has been a growing profession.
The event organizers seek professionals for planning important meetings, events or conventions. The planners control the whole event from every aspect to make a successful event or meeting.
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maria's firm manufactures homemade salsa. her product is sold around the country, but she adds extra jalapenos to her product sold in texas, new mexico, and arizona because those customers prefer the extra heat and spice. maria also markets the product differently based on the region of the country where it is sold. this represents what type of targeting strategy?
As Maria uses different product strategies for different countries, this type of strategy is called differentiated strategy.
In the field of business, a differentiated strategy can be described as the various techniques and products that make a company unique so that there sales can be increased.
In the case above, Maria creates unique products by adding extra jalapenos to her product sold in Texas, new Mexico, and Arizona so that her sales can be increased. Also, she chooses a unique marketing strategy according to the demands of consumers of a country. Hence, Maria is using a differentiated strategy in order to promote her products.
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g a stock has never before paid a dividend but is expected to make its first dividend payment in 5 years. if the first dividend payment is expected to be $3 and dividends are expected to grow at 6%, what is the stock expected to be worth four years from now if investors require a 12% return?
The price of the shares typically rises once a stock dividend is declared. A stock dividend lowers the book value per common share, which lowers the stock price because it increases the number of shares outstanding while the company's worth remains steady.
Stocks typically have an ex-dividend date set one business day prior to the record date. You won't get the following dividend payment if you buy a stock on or after the ex-dividend date. Instead, the payout goes to the seller. You receive the dividend if you buy before the ex-dividend date. Dividends per share are computed by dividing the total dividends paid by a company over a period of time (including interim dividends) by the number of shares of that company. In math, the dividend is calculated using the following formula: Dividend = Divisor x Quotient + Remainder. Typically, when we divide one integer by another, the result is expressed as x/y = z. In this case, the dividend is x, the divisor is y, and the quotient is z. Stocks with double-digit dividend growth rates are what we are searching for. 5-Year Dividend Growth Rate CAGR is at least 10%. We are seeking for equities with double-digit dividend growth rates, with a 10-year dividend growth rate CAGR of at least 10%.
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The primary aim of cellular respiration is to produce molecules of , which provide energy to the cell.
It is true that the primary aim of cellular respiration is to produce molecules of which provide energy to the cell.
What is cellular respiration?Cellular respiration can be define as the process by which chemical energy is obtained from the breaking down of foo substances.
The food substance contains glucose that produced organic molecules from where energy is generated.
The main energy produced in this process is ATP.
Therefore, the primary aim of cellular respiration is to produce molecules that provide energy to the cell.
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rebecca gladyn plans to attend graduate school in 5 years. she thinks that she will need a total of $32,000 to pay for school, and she wants to save money each month to reach her goal. what type of computation should she use? group of answer choices present value of a single amount future value of a single amount simple interest present value of an annuity future value of an annuity
The type of computation should Rebecca Gladyn use is Future value of an annuity. The future value of an annuity can be defined as the value of a group of recurring payments at a certain date in the future, assuming a discount rate or particular rate of return.
Future value of an annuity is used to calculate the balance of an investment account, including interest growth, after making monthly $1,000 contributions for 10 years. Future value of an annuity has formula such as:
F = P * ([1 + I]^N - 1 )/I,
Where P is equal to the payment amount, N is equal to the number of payments, I is equal to the discount or interest rate, and also F is equal to the future value of the annuity.
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union local school district has a bond outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity. the yield to maturity on this bond is 2.5 percent, and the bond has a par value of $10,000. what is the dollar price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bond Price is the addition of the current values of all anticipated money flows from the time of purchase till maturity. To make the bond worth, the expected money flows area unit discounted victimization of the bond yield, that is, the required rate of coming by the bondholders.
The correct answer is $10718.63.
Bond Price = C x (1-(1+r)-n/r) + F/(1+r)n
=$10000 x(1-(1+0.035)-13/0.035) + $10000/(1+0.035)13
=$10718.63
F is the bond's face worth or face value, and r is its yield to maturity (YTM).
n is the range of periods till maturity.
If you buy a bond promptly, its face worth will be its worth, and its yield will be adequate for its coupon rate. Alternatively, if you buy a bond with a three-year charge per unit of I Chronicles, you may receive simply that.
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you must decline an employee's request to telecommute three days per week. which of the following is the best explanation for the refusal? a. our current company policy does not allow telecommuting. b. your daily presence in the office is important to ensure regular customer contact. c. unfortunately, we cannot afford the expenses associated with telecommuting. d. your work standards cannot be relied upon unless we are able to observe you at the office.
In order to decline an employee's request to telecommute three days per week, the best refusal explanation that you can give is b. your daily presence in the office is important to ensure regular customer contact.
Although telecommunication makes the process of dealing with customers easy through virtual contact, however, customers are more likely to seal a deal through regular customer contact.
Telecommunication should only be used in cases when you cannot manage to come to the office or deal with customers due to an emergency. Other than that, in order to make sales, regular customer contact is important.
Hence, in the scenario based above, you can refuse an employee from telecommunication by telling him that presence in the office is necessary for customer contact.
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a company acquired a warehouse for $500,000, which it expects to use for 25 years with an estimated residual value of $100,000 at the end of that time. if the company employs the half-year convention, how much is depreciation expense for the year of acquisition?
$8,000 is the amortization expense for the year ended December 31, 2022 if a company acquired a warehouse for $500,000.
( acquired cost - estimated residual value) / time = amortization expense
if the company employs the half-year convention,
{( acquired cost - estimated residual value) / time}/2 = amortization expense
Hence,
($500,000-$100,000)/25=$16,000)/2=$8,000
$8,000 is the amortization expense for the year ended December 31, 2022.
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What does a ""u"" stand for on a credit report? what does it mean? is it concerning? does a ""u"" appear on john’s report?.
The “U” for your credit score file stands for “unclassified,” which means that the account hadn't been updated on the time the record was pulled. it is certainly one of many repute codes that could seem subsequent to an account on your credit report.
An unclassified document has in no way contained categorized records. Declassified files originally contained categorized records that changed into either eliminated or redacted, or the facts changed into decided to no longer require protection beneath E.O. 13526, rendering the file unclassified.
An unclassified misdemeanor is the name given to a misdemeanor crime that does not fall into a specific class of misdemeanor offenses, including a class B misdemeanor or a misdemeanor inside the 2nd diploma.
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Answer:
Means unclassified, that the report hasn't been updated, or if the account is new. It's not concerning. And there is no "U" on John's report.
Explanation:
That's what I put as my answer for the class, hope it helps :)
explain a contra account by filling in the following blanks. a contra account is an account that is linked with another (report/account/statement). it has a(n) (similar/opposite) balance and is (added/subtracted) to/from the other account's balance.
An account used in a general ledger to lower the value of a connected account is called a contra account.
What is a contra account?Transactions involving cash and a bank account are referred to as contra entries. In other words, a contra entry is any entry that has an impact on both bank accounts and cash. Contra is the reverse in Latin. It is more commonly referred to as a contra voucher.
An account used in a general ledger to lower the value of a connected account is called a contra account. They can be used to report a decrease or write down in a different contra account that nets to the current book value while maintaining the historical value in the main account.
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A share of stock with a beta of 0. 75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The 1 year t-bill currently sells for $961. 54, and the historic return on the market is 11%, the historic risk free rate is 4%. If the stock is perceived to be fairly priced today, what must be investors’ expectation of the price of the stock at the end of the year?.
Expected price next year = $62.58
Beta is 0.75, PO is $50, D1 is $2, RF is 11%, and RM is 4%.
Where,
Expected Dividend = D
Po = Price as of today.
Risk-free Rate is Rf.
Market risk premium is Rm.
g = rate of growth
Equity cost is Rf plus beta minus Rm.
Equity cost is 11% plus 0.75 and 4%.
Equity cost = 3.33%
Making use of the Dividend Discount Model to Estimate Growth Rate
(D1/P0) + g = ke
(2/50) + g = 3.33%
0.04 + g= 3.33%
g = 3%
Expected price for the following year = $2*1.033/ (0.03-0.033)
Expected price next year = $62.58
What is Expected price?
As its name suggests, predicted price level is a forecast that takes into account accurate evaluation of pertinent economic data to foretell what will happen with those goods and services in the future. Making changes to this level when new information becomes available is essential because unknowable factors may become real over time.
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startup firms that find new markets attractive but do not yet have products ready for delivery preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort rolls out. group of answer choices true false
False, startup firms that find new markets attractive but do not yet have products ready for delivery preannounce efforts don't cause potential adaptors to delay a purchasing decision until the new effort rolls out.
A startup firm is a recently founded company with a certain momentum based on the perception of demand for its product or service. A startup's objective is to grow rapidly by offering a product or service that addresses a particular market need.
Startups are often led by one or two entrepreneurs who are eager to meet a market need by developing a fresh good or service. Small firms frequently want to remain small, while a startup business is more concerned with rapid and profitable expansion within its target market.
Startups are young companies founded with the intention of developing a unique product or service, marketing it, and making it difficult for customers to reject and replace it.
Startups are not expected to start making money right away. The goal is to raise money by floating the business. VCs and investors are often unimportant to small businesses. They typically anticipate making a profit straight away because they are following tried-and-true business practices.
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a management statement that the property, plant, and equipment shown on the balance sheet was owned and available for sale at the balance sheet date is an example of the
Assertion. existence.
The creators of financial statements often make five accounting assertions. They are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.
Which five audit assertions are there?The creators of financial statements often make five accounting assertions. They are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.Analytical techniques, a test of transactional specifics, and testing of balancing specifics are the three categories of substantive exams.Basic Statement Simple expression of defending one's own rights, convictions, emotions, or viewpoints. Example: "Excuse me, I'd like to finish what I'm saying," to say while being interrupted.For instance, the company claims that cash exists when a financial statement shows a cash balance of $605,432. The business contends that the $234,100 reserve for uncollectibles is a correctly valued sum.To learn more about Assertions refer to:
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the movie industry in a country is controlled by six large studios that receive 90 percent of the annual revenues from movies. this is an example of a(n)
The movie industry in a country is controlled by six large studios that receive 90 percent of the annual revenues from movies. This is an example of a(n) oligopolistic competition.
What is competition?It creates jobs and gives people a choice of employers and jobs. Competition also reduces the revenues for government intervention by regulating businesses. A competition free market benefits consumers and society and protects revenues of an individual. Competition pushes individuals, businesses and markets to create new ways to maximize resources, do business outside the box, and reach customers. This not only increases our productivity, but also our own revenues of living. Monopolistic competition exists between monopoly and perfect competition and involves companies that combine elements of both and offer similar but not identical products. Restaurants, beauty salons, household goods, and clothing are examples of industries with monopoly competition.To learn about competition from the given link :
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the city of naples has investments in bonds. these bonds have an carrying value of $3,997,000. at year end, the financial press reports a market value of $3,994,600 for these bonds. the original cost of the bonds was $3,993,000. the par value at maturity will be $4,000,000. the amount at which the investments would be reported is:
Investments should be reported in the financial statements at their carrying value is C) $3,997,000.
The most critical economic declaration for most of the people of customers is probable to be the earnings assertion since it exhibits the capability of a commercial enterprise to generate earnings. Also, the facts indexed on the income declaration are in general in noticeably modern-day dollars, and so represent an inexpensive degree of accuracy.
Financial statements offer an image of a company's financial fitness, giving perception into its overall performance, operations, and cash waft. Financial statements are vital for the reason that they offer records about a business enterprise's revenue, charges, profitability, and debt.
Monetary statements can be used by managers to music overall performance, budgets, and other metrics, and as tools to make decisions, encourage groups, and keep a large-photograph mindset.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: The City of Naples has investments in bonds. These bonds have a carrying value of $3,997,000. At year-end, the financial press reports a market value of $3,994,600 for these bonds. The original cost of the bonds was $3,993,000. The par value at maturity will be $4,000,000. The amount at which the investments would be reported is:
A) $4,000,000
B) $3,994,000
C) $3,997,000
D) $3,993,000
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if consumers rate price at a mcdonald's restaurant on a 7-point scale using 1 for very unsatisfactory and 7 for very satisfactory, a mean score of 2.34 would be interpreted as:
If consumers rate price at a Mcdonald's restaurant on a 7-point scale using 1 for very unsatisfactory and 7 for very satisfactory, a mean score of 2.34 would be interpreted as an unsatisfactory price.
Define price.
Price, which is decided upon during a transaction, is the monetary value of a good, service, or resource. When a seller or manufacturer has monopoly power, they are considered to be price makers. Alternatively, pricing might be established by the market itself when businesses are price takers.
A price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production can go by several names in particular circumstances. The cost of the item will probably be referred to as its "price" if it is a "good" in the context of a commercial exchange.
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jack invests $1000 at a certain annual interest rate, and he invests another $3000 at an annual rate that is one-half percent higher. if he receives a total of $135 interest in 1 year, at what rate is the $1000 invested?
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place. The interest rate over a year is known as the annual interest rate.
Explain about the annual interest rate?The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment.
The calculations and formula are as follows: Effective yearly interest rate = (nominal rate / number of compounding periods) - 1 + (number of compounding periods) - (number of compounding periods) - 1. This would be: 10.47% = (1 + 10% / 12)) 12 - 1 for investment A. It would be as follows for investment B: 10.36% = (1 + (10.1% / 2)) 2 - 1.
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How much money would need to be deposited into an account earning 5.75% interest compounded annually in order for the accumulated value at the end of 25 years to be $85,000? a. $75,425.52 b. $59,130.43 c. $21,009.20 d. $20,258.70 please select the best answer from the choices provided a b c d
In order for the total value to be $85,000 after 25 years, $21,009.20 would need to be deposited into an account earning 5.75% interest compounded annually.
Earnings are a company's net profits after taxes. This represents the bottom line or profitability of the business. In a company's financial accounts, earnings are arguably the most significant and heavily scrutinized figure. It displays a company's actual profitability in comparison to analyst estimates, previous performance, rival companies' earnings, and peers in the same industry.
Since profits can only be used in one of two ways—either investing them in the firm to boost future profits or paying dividends to stockholders—earnings are the primary factor in a public company's share price.
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What effect does recording a capital expenditure as repairs and maintenance expense have on the financial statements of the current period?.
It overstates expenses and understates net income.An income statement does not instantly reflect money spent on CAPEX items.
What impact do capital investments have on financial statements?An income statement does not instantly reflect money spent on CAPEX items. Instead, it is considered as an asset on the balance sheet and is written off over a period of years as a depreciation expenditure, starting in the year after the item is purchased.Capex is computed by deducting the current amount from an aggregate of the property, plant, and equipment from the prior period. The depreciation charges for the current period are then increased by the remaining sum. Depreciation is assessed against fixed assets and amortization expenses are included.To learn more about net income refer to:
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frisk is contemplating an advertising campaign that will cost $20,000. frisk's variable expenses are 36% of sales. if sales increase by $80,000, the company's net operating income should increase by:
Variable costs for Pool Company account for 36% of sales. Pool is thinking about launching a $20,000 advertising campaign. The company's operating income should rise by $31,200 if sales rise by $80,000.
What is advertising?
To draw attention to a product as well as service, advertising practises and strategies are used. The goal of advertising is to draw attention to your good or service so that people will buy it. Although there are numerous other uses for advertising, it is typically used to promote a particular good that really is currently on sale. In contrast to public relations, advertising involves a message that is paid for and controlled by the advertiser. Since the message is not personalized—that is, not addressed to a specific person—it differs from personal selling.
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What type of orientation is being used if a document is wider than it is tall?
A.
Marginal
B.
Indented
C.
Landscape
D.
Portrait
Answer:
D
Explanation:
Comment
Indented usually has to do with fonts. Not B
Marginal is simply not the answer.
Portrait is taller than it is wide. It usually has to do with selfies and pictures of graduates or wedding pictures.
The answer is Landscape.
bill is planning on opening a clothing store selling apparel for men. he has signed exclusive agreements with several major luxury manufacturers. these manufacturers have given him a suggested retail price (msrp) that his research with potential customers has confirmed is the right price point. he has met with a local graphic design firm who will be developing displays, signs and print ads to build awareness of his business. based on this description, which element of the marketing mix does bill still need to work on?
The Exchange Process of the marketing mix bill still need to work on as he is planning on opening a clothing store selling apparel for men.
What is Exchange Process?A need or demand is easily satisfied through an exchange procedure when a person or organization agrees to offer some money, commodities, or services in return. You engage in exchange relationships all the time, and it's that easy.
Relationship marketing involves an extension of the exchange process. With relationship marketing, we deliberately consider our target audience's long-term relationship while we work to expand our business.
By continually providing value to our clients, we maintain a positive customer connection. The four actions that make up marketing are producing, communicating, delivering, and exchanging value. A marketing transaction occurs whenever two or more parties exchange goods or services.
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