According to the Generally Accepted Accounting Principles (GAAP) set by the Governmental Accounting Standards Board (GASB), a budget-to-actual comparison must include columns for the actual and (C) both the original and the final budget.
This is because the original budget is the initial plan developed at the beginning of the fiscal year, and the final budget includes any revisions or amendments made throughout the year.
The purpose of the budget-to-actual comparison is to evaluate the financial performance of an entity and determine if it is on track to meet its goals and objectives. By including both the original and final budgets, it provides a comprehensive overview of the financial activity throughout the fiscal year.
In addition, it is important to note that the comparison should not just be limited to the actual and budgeted amounts, but should also include an analysis of any significant variances. This allows for the identification of areas where the budget may need to be revised in the future to better align with actual financial activity.
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Which one is the best choice. Please explain why. I’ll give extra points.
Answer:
10
Explanation:
Surplus for Donovan: 10 - 4.50 = 5.50
Surplus for Rudy: 8 - 4.50 = 3.50
Surplus for Mike: 6 - 4.50 = 1.50
Surplus for Royce: 4 - 4.50 = -0.50
Sum of all surpluses: 5.50+3.50+1.50-0.50=10
Samantha
35 yrs old; pre-tax income = $70,000; $30,000 savings; saves $600/ month
Samantha, at 35 years old, has a pre-tax income of $70,000 per year. She has already accumulated $30,000 in savings and is currently saving $600 per month.
By saving $600 per month, Samantha adds $7,200 to her savings each year ($600 x 12 months). With her current savings of $30,000, she is on track to increase her financial security over time. Assuming Samantha maintains her current savings rate and does not face any major financial challenges, she can expect to see her savings grow steadily.
Proper management of her savings, such as investing in a diversified portfolio or depositing into a high-yield savings account, can further enhance her financial growth. It is essential for Samantha to continue saving and investing wisely in order to secure her financial future, especially as she approaches retirement age.
In addition to her savings, she may also want to consider contributing to a retirement plan like a 401(k) or an individual retirement account (IRA) to maximize her retirement savings and take advantage of potential tax benefits.
In summary, Samantha's current financial situation, with a pre-tax income of $70,000, $30,000 in savings, and a monthly savings rate of $600, places her in a promising position for future financial stability. By continuing to save and invest wisely, she can work towards her financial goals and enjoy a comfortable retirement.
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What do economies of scale, the ownership of essential raw materials, and patents have in common?.
The economies of scale, possession of required raw materials and patents are considered entry barriers in the market.
What do you mean by entry barriers?
Entry barriers refers to hurdles that restrict new organizations to enter any market segment. So when any organization decides to enter should check on these obstacles.
There are many barriers faced by organizations to get enter into the market which includes economies of scale, arrangements of funds, the policy of governing structure and so on.
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starbucks operates outlets inside some grocery stores, such as safeway and kroger. this is an example of
Starbucks has locations inside of some supermarkets, including Safeway and Kroger. An illustration of piggyback franchising is this.
What does piggyback franchising mean?Piggyback franchising, or "Combination franchising," as it is also known, is essentially a merger of two franchises that operate under the same roof. Independent business startups can be expensive, and most entrepreneurs have very limited access to cash. Currently, the entrepreneurs' position as a potential borrower is at its lowest. By collaborating with a franchising company, the franchisee may increase her/his chances of getting financial support. If the franchising company believes the candidate is a good fit with a good chance of success, it frequently offers financial assistance.
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TRUE/FALSE. when a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect.
When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect. Thus the statement is False.
What is the Substitution effect?When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect.
When a consumer switches from one product to another owing to a change in comparable costs and finances, it may result in the substitution effect.
Customers have the option to purchase a comparable product from another company when a monopolistic rival raises its price. A corporation with perfect competition would lose more clients as a result of a price increase from a dominant rival.
Therefore, the statement is False.
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discuss how the central bank uses the open market operations as a sutible measure of credit control. Explain with respect to both inflation and deflation
Answer: By affecting the money in circulation
Explanation:
The central bank uses the open market operations as a sutible measure of credit control by affecting the quantity of money in circulation. It's the central bank that prints money that's being used, to avoid economical unbalance, the central bank has to regulate how the money is circulated in the country. They do this by either selling or buying government securities through open market operations. During this process the purchase government securities from commercial banks and institutions making bank assets free and more cash for loans.
For marketers, the primary objective of a premium is to
encourage customers to return frequently or to use more of the product.
increase trial and retaliate against competitors' actions.
minimize brand-switching behavior.
encourage new product trial.
generate store traffic.
For marketers, the primary objective of a premium is to encourage new product trial. This strategy helps attract customers, allows them to experience the product, and ultimately aims to convert them into loyal customers, thereby minimizing brand-switching behavior.
Encouraging customers to return frequently or use more of the product: By offering a premium, such as a free sample or a discount on a future purchase, marketers can incentivize customers to continue using their product or service. This can help to build loyalty and increase customer lifetime value. Increasing trial and retaliating against competitors' actions: By offering a premium, such as a free trial or a special introductory price, marketers can encourage customers to try their product or service for the first time. This can be especially effective in response to a competitor's actions, such as when a competitor launches a new product or lowers their prices. Minimizing brand-switching behavior: By offering a premium, such as a loyalty program or exclusive access to new products, marketers can incentivize customers to stick with their brand and avoid switching to a competitor. This can help to reduce churn and increase customer retention.
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What are healthcare cost estimates for a retired couple starting in 2030 and 2040?
pls help this is really important i don't want to fail
The healthcare cost that estimates for a retired couple starting in 2030 and 2040 is the $16·04 trillion and $24·24 trillion.
What is healthcare cost?Healthcare cost is defined as the actual expenditures of providing health-care services, such as procedures, drugs, and therapies.
According to the past trends and relationships, in 2030, the healthcare cost are $16·04 trillion and, in 2040, $24·24 trillion (20·47–29·72) will be spent on health.
In terms of per capita growth, this rises from $1279 in 2014 to $2872 (UI 2426–3522) in 2040, with an annualised rate of 30% (24%–38%).
Therefore, according to the estimations, the healthcare cost for 2030 is $16·04 trillion.
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities
Answer: A mind map can be used by businesses to brainstorm thoughts and ideas organically.
Explanation:
By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful, and memorable centralized format.
how long does it take for tax refund to show in bank account after approved
Answer:
Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.
Explanation:
Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs
According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.
Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.
Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.
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Jonas wrote to smith offering to sell 42 acres if farmland at $5,000 per acre with the purchase price to be paid at the closing. Smith replied, accept for the 42 acres, for the $5,000 per acre, but will pay the purchase price two days after closing ." Is this an acceptance ?
Answer: yes
Explanation:
Yes, this is an acceptance on the part of Smith at law.
In law, acceptance refers to an promise or agreement made by a party to to fulfill the other parties terms to allows the enforcement of the contract.
The element of Acceptance in law does not make valid a contract.
The contract becomes valid after the buying party makes the required consideration (payment) to the selling party.
In conclusion, this is an acceptance on the part of Smith at law.
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now compare the combined preference ratings of each segment with the average purchase price. is there a reasonable correlation between the combined preference ratings and average purchase price?
Answer:
YES
Explanation:
There must be a correlation between the combined preferences and the average purchase price of a product or service.
The question above does not present data that can lead to a specific answer, but arrives at the answer presented above because:
Combined preferences are a set of requirements that are established to analyze the purchase of a service or product.The ability of the service or product to meet this set of requirements may influence its average purchase price.This is because, products and services that meet this set of requirements can establish a higher average price, as they have advantages over their competitors that justify the price increase.On the other hand, products and services that do not meet the set of requirements do not have this advantage and need to create an advantage through the lowest average price, in relation to their competitors.More information:
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Madeline’s friends invited her to go to Cancun next year for vacation. She really wants to go, but she’s not sure if she can afford the $1,000 trip. She has $500 saved in her dresser and has one year to save the rest, but she’s not sure where to keep her money so she can maximize her savings. What is the best savings strategy for Madeline and why?
The best type of savings that Madeline would have would be the certificate of deposit.
What is savings?This is the action that has to do with actively saving up money or keeping money periodically for use at a later time period. The money that is kept is basically to be able to take care of unforeseen circumstances that may arise in the life of the person.
The certificate of deposit is the type of strategy that Madeline would be using to save up her money. This is because this strategy has a way of taking care of the issues that may come around later and still give her the the fixed time at the higher rate that would make her to leave the money for a year and still work for the other sum.
The best type of savings that Madeline would have would be the certificate of deposit.
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Scientists around the world use a standardized taxonomic system. Why would scientists want to use a taxonomic system that is standardized?.
Scientists use the standardized taxonomic system to avoid confusion with identifying organisms.
What is a standardized taxonomic system?It is a system of binomial naming and identification of different types of organisms according to:
SpeciesClassGenreTherefore, taxonomy is essential for categorizing organisms and identifying biological information, helping scientists to organize and understand biology.
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a company acquired a new piece of equipment on january 1, 2009 at a cost of $200,000. the equipment is expected to have a useful life of 10 years, a residual value of $20,000 and is depreciated on a straight-line basis. on january 1, 2011, the equipment was appraised and determined to have a fair value of $190,000 and a residual value of $25,000 and a remaining useful life of 10 years. at what amount should the equipment be reported on the december 31, 2011 balance sheet under the ifrs revaluation model? $190,000 $173,500 $165,000 $136,000 $110,000
The amount at which the equipment be reported on the December 31, 2011 Balance sheet under the International Financial Reporting Standard Revaluation of assets (tangible fixed) is $173,500. Option B is correct.
What is Revaluation of Assets?Revaluation of Assets refers to a shift in the market value of an asset, either upward or downward. An asset is often evaluated whenever there is a discrepancy between its current market value and the value listed on the company's balance-sheet.
Revaluation reserve is credited on the balance sheet to reduce the carrying cost of the property and expenditure is debited to increase overall revaluation expense if the asset's value declines.
on January 1, 2009
Cost of asset = $200,000
Residual value = $20,000
Useful life = 10 years
∴ Depreciation under SLM Basis = $18000
∵on December 31, 2009 WDV of Asset = $182000 ($200,000 - $18000)
∵on December 31, 2010 WDV of Asset = $164000 ($182000 - $18000)
Here as per IFRS deduct depreciation from the carrying amount of the asset.
On January 1, 2011 There is an indication for revaluation as per given information:
Fair value = $190,000
Residual value = $25,000
Remaining useful life = 10 years
∴ Depreciation will be = $16500
∵Carrying amount of asset = $164000
∵Revalued value = $190000
∴Carrying amount of asset on 31-12-2011 = 190000-16500=173500
Therefore revaluation reserve will be $26000 ($190000-$164000) and depreciation will be 16,500.
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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Benefits for organizations that successfully implement supplier relationship management can include
Answer:
1. More market speed
2. Reduced costs
3. better and Improved quality
Explanation:
A supplier relationship management can be explained as the process of knowing those suppliers that are really important to the growth of a business and putting into place, a system that would help in the managing of existing relationships with these important suppliers.
Organizations that are able to fully implement such relationships enjoy benefits such as
1. increased speed to the market
such relationships can help to remove delays that are caused by supply chains
2. They enjoy reduced costs
product sampling, contract negotiation, sampling of new suppliers could take a lot of time as well as money. Mistakes could even be made
3. They also enjoy quality items from the suppliers
Which of the following is NOT a source of power in a social network?
1. Information
2. Visibility
3. Referent power
4. Isolation
5. Expertise
Referent power is a type of power that is based on an individual's personal characteristics, such as charisma or likeability.
It is derived from the admiration and respect that others have for the individual and their qualities. Expertise, on the other hand, is a type of power that is based on an individual's knowledge, skills, and abilities in a particular domain. This type of power is derived from the expertise that an individual possesses and the value that it provides to others. Other sources of power in social networks include legitimate power, which is based on an individual's formal position or authority, coercive power, which is based on an individual's ability to punish or impose sanctions, and reward power, which is based on an individual's ability to provide incentives or rewards. Therefore, referent power is a valid source of power in social networks, while expertise is a source of power that is valued and highly sought after by many individuals and organizations.
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When coffee is traded between countries it is called a
Answer:
Unroasted, or green, coffee beans comprise one of the most traded agricultural commodities in the world; the commodity is traded in futures contracts on many exchanges, including the New York Board of Trade, New York Mercantile Exchange, New York Intercontinental Exchange, and the London International Financial Futures ..
Explanation:
~Jane~
If a company sold equipment, when recording the transaction, how many of the columns used in a tabular analysis would include a positive number assuming the equipment were sold at a loss?
In the case of a company selling equipment at a loss, three columns in a tabular analysis would include a positive number. These columns represent the following accounts: Cash, Accumulated Depreciation, and Loss on Sale of Equipment.
When equipment is sold, the company receives cash, increasing the Cash account. Accumulated Depreciation is also adjusted positively, as the accumulated depreciation related to the sold equipment is removed from the books. Finally, since the equipment was sold at a loss, there will be a positive value in the Loss on Sale of Equipment column.
The other accounts involved in the transaction, such as Equipment and Depreciation Expense, will not have a positive number in this scenario. The Equipment account is reduced by the original cost of the sold asset, and there is no depreciation expense recorded in the tabular analysis for the equipment sold.
In summary, when a company sells equipment at a loss, three columns in a tabular analysis would include a positive number: Cash, Accumulated Depreciation, and Loss on Sale of Equipment. These positive numbers reflect the cash received, removal of accumulated depreciation, and recognition of the loss on the sale.
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Other types of assurance services provided by CPAs have developed as a natural extension of the audit function. b. describe the forces that have caused a demand for other types of assurance services.
The following are the forces that have contributed to a demand for other types of assurance services by CPAs:
Information needs of decision-makers The increasing complexity and amount of data in the business world have necessitated the provision of other types of assurance services to satisfy the information needs of decision-makers.2. Market competition Businesses must obtain a competitive advantage to remain in the market. This has led to an increasing number of demands from stakeholders for more comprehensive and transparent information, resulting in the need for additional assurance services.
Risk management Organizations' management is concerned about risk management, and they require assurance services to help them deal with risks.4. Fraud prevention Fraud prevention is an important factor in maintaining good corporate governance and preventing the spread of fraud.
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Vinnie (our friend in the video) had a lot of credit cards, and he did have fun with them! Then he nearly went broke. What was the main thing Vinnie did wrong?
A. he paid off his balance every month in full.
B. he always recorded his payments.
C. he used one credit card to pay other credit card bills.
D. he always paid on time.
He used one credit card to pay other credit card bills. Thus, option 'C' is the correct option.
What is a credit card?A credit card is a type of payment card that is given to customers (cardholders) to allow them to pay a merchant for products and services depending on the amount of debt they have accumulated (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).
The card issuer (often a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards and corporate credit cards are the two types of credit cards. The majority of cards are made of plastic. However, some are made of metal (stainless steel, gold, palladium, titanium), while some include gemstones embedded in the metal.
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jones company has the following financial information: 2020 net sales $ 30,000 cost of goods sold 9,000 gross profit 21,000 operating expenses 6,000 operating income 15,000 interest expense 300 income before income taxes 14,700 income tax expense 3,000 net income $ 11,700 what is the profit margin ratio?
Jones Company's profit margin ratio is 39%. This means that for every dollar of sales, the company earns 39 cents in profit. It use the concept of margin to find the value of the profit margin ratio.
The profit margin ratio is a financial metric that measures the profitability of a company by comparing its net income to its net sales. To calculate the profit margin ratio, you divide the net income by the net sales and multiply the result by 100 to express it as a percentage.
To determine the profit margin ratio we can calculate it by this steps:
Net income = $11,700
Net Sales = $30,000
Profit Margin Ratio = (Net Income / Net Sales) x 100 = (11,700 / 30,000) x 100 = 0.39 x 100 = 39%.
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after receiving all the data on customer purchased and supplier inventions, david's job is to build a statistical model to help identify trends and relationships between sales and product demand. which level of business analytics does this require?
after receiving all the data on customer purchased and supplier inventions, david's job is to build a statistical model to help identify trends and relationships between sales and product demand is predictive analytics
Data is used in predictive analytics to foretell future trends and occurrences. It forecasts prospective outcomes using past data to inform strategic decisions.
Predictions could be made for the immediate future, such as foreseeing a piece of machinery breaking down later that day, or for a longer time horizon, such as foreseeing your company's cash flows for the following year.
You can perform predictive analysis manually or with the aid of machine learning techniques. In either case, predictions regarding the future are based on historical evidence.
Regression analysis, which can establish a connection between two variables (single linear regression) or three or more variables, is a predictive analytics tool (multiple regression). A mathematical equation representing the relationships between the variables can be used to forecast the results in the event that one variable changes.
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if the marginal propensity to save is 0.4 (or 40%) and the government plans to spend $4,000 in the economy, then what will be the change in national income as a whole?
According to the question, $1,600 will be the change in national income as a whole.
What is income?
Income is money that is earned as payment for goods or services, or through investments. It is typically reported on a person's tax return and used to determine the amount of tax owed. Income can come from a variety of sources such as wages, salaries, commissions, tips, bonuses, dividends, royalties, rents, capital gains, and pensions. Income can also come from activities such as part-time or full-time work, self-employment, or business ownership.
The change in national income as a result of the government's spending of $4,000 can be calculated by multiplying the marginal propensity to save (MPS) by the amount of the government's spending. In this case, the MPS is 0.4, and the government is spending $4,000, so the change in national income will be $1,600.
This can be expressed mathematically as:
Change in National Income = MPS x Government Spending
Change in National Income = 0.4 x $4,000
Change in National Income = $1,600
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Find a product demonstration that educates people about a particular product. Describe that demonstration. Evaluate the demonstration by explaining whether it educated you about the product or simply tried to persuade you to buy the product
Answer:
An Example of a product demonstration is Scrub Daddy.
Explanation:
Scrub Daddy is the most successful product from the hit television show Shark Tank with more than $100 million in retail sales. It became popular due to the founder's simple and effective presentation that was all about clearly demonstrating it's benefits instead of being a 'sales person'
The scrub daddy makes it easier to wash dishes and sensitive crockery. If it is placed in cold water, it becomes hard, making it useful to scrub greasy surfaces. However, under hot water, it becomes soft which is excellent for expensive China etc.
He demonstrated this in front of the TV cameras clearly with props and tools and quickly won a large dedicated audience.
Answer:
Answer:
An Example of a product demonstration is Scrub Daddy.
Explanation:
Scrub Daddy is the most successful product from the hit television show Shark Tank with more than $100 million in retail sales. It became popular due to the founder's simple and effective presentation that was all about clearly demonstrating it's benefits instead of being a 'sales person'
The scrub daddy makes it easier to wash dishes and sensitive crockery. If it is placed in cold water, it becomes hard, making it useful to scrub greasy surfaces. However, under hot water, it becomes soft which is excellent for expensive China etc.
He demonstrated this in front of the TV cameras clearly with props and tools and quickly won a large dedicated audience.
Explanation:
Place the steps for proper lifting technique in the correct order. --Select-- --Select-- --Select- --Select-- --Select- --Select-
Answer:hold up
Explanation:
marketers identify segments best when iterating between two approaches. what are the two approaches?
Marketers identify segments best when iterating between two approaches, a managerial, top-down ideation and a customer-based, bottom-up customer needs assessment.
What are Marketers?The promotion of a company's goods and services is done by a marketer. They come up with methods to increase sales and revenue while making sure these tactics are in line with both client and market need.
With so many platforms to exploit and content types to create, good marketers are savvy with their time and resources. In addition, they are shrewd business executives that manage many channels, drive corporate growth while focusing on data and creativity, and thrive in a hectic atmosphere.
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