Suppose a friend of yours showed you the pro forma income statements for his start-up and exclaimed excitedly that during the first three years of operations his firm will make a net income of $150,000 per year, which is just the amount of money ($450,000) the firm will need to pay off a three-year loan. Given your study of the chapter, why is it that your friend may not actually have $450,000 in cash, even though his pro forma income statements say that he will earn that amount of money?

Answer:

B

Explanation:

Answer:

$2,140

Explanation:

When a commercial substance exists in the course of the exchange of an old asset for a new one , the gain or loss on this assets is recognized,

Commercial substance can be said to exist when the exchange assets impact the future cash flow. The extended useful life of the involved assets in the question the  the newly acquired asset through exchange support this.

Workings

Cost of the fixed assets = 52,025

Accumulated depreciation = 44,221

Book value = 7,804

Trade in allowance = 5,664

loss = 7,804 - 5664 = 2,140

Answer:

money and credit markets,investments,financial management

Explanation:

Finance consists of three interrelated areas: (1) money and credit markets, which deals with the securities markets and financial institutions; (2) investments, which focuses on the decisions made by both individuals and institutional investors; and (3) financial management, which involves decisions made within the ...

The ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.

Accounts Receivable refers to the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for. In other words, it represents the company's right to receive payment from its customers. Accounts Receivable is considered an asset on the company's balance sheet and is often a significant component of a company's working capital. As customers make payments on their outstanding balances, the amount in Accounts Receivable decreases, and the amount of cash on the company's balance sheet increases.

To determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts, we need to take into account all the transactions that occurred during the period.

Beginning balance in Accounts Receivable: $196,800

Add: Net credit sales: $864,300

Less: Collections: ($687,610)

Less: Write-offs: ($6,804)

Add: Recovery of previously written-off account: $3,219

Ending balance in Accounts Receivable: $369,905

Beginning balance in Allowance for Doubtful Accounts: ($9,510)

Less: Write-offs: $6,804

Add: Bad debt expense: $18,075

Ending balance in Allowance for Doubtful Accounts: $1,761

Therefore, the ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.

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There are two main types of budgets: operational budgets and financial budgets.

Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.

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Answer:

=$1,353, 524

Explanation:

NOI stands for net operating income

In this case, NOI will be calculated as follows

Rent per suit = $14,800

Number of suits 9

The monthly rent will be

=$14,800 x 9

=$133,200

Annual rent will be monthly rent x 12

= $133,200 x 12

=$1,598,400

Considering a 14 % vacancy rate, expected annual rent collection

=$1, 598,400 minus 14% of $1, 598,400  or 86% of $1, 598,400

= 86/100 x $1, 598,400

=$1,374,624

Adjusting for annual expenses

= $1,374,624 -  $21,100

=$1,353, 524

Interest groups use various incentives to overcome the "free rider problem," which refers to the tendency of individuals to avoid contributing to a collective action when they can still enjoy its benefits even if they do not participate.

Some examples of incentives that interest groups use to overcome free-rider problems include:

These are some common incentives interest groups use to overcome the free rider problem and encourage individuals to contribute to collective action.

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which of the following are examples of incentives that interest groups use to overcome free rider problems? invitations to special conferences -an organizational magazine or newsletter -listing an individual's name as a sponsor of an organization -discounts on insurance and travel

The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.

In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:

1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.

2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.

3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.

4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.

5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.

6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.

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The role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.

Ethics can be thought of as the rules that direct our behaviour so that we make the best decisions for the benefit of everybody. In order to tell the truth, maintain our word, or assist a stranger in need, we must follow ethical principles.

A company that implements a workplace ethics programme aligns employee behavior. This encourages transparency, collaboration, and trust as a result. Additionally, workers perform better at their professions when they are aware of the expectations of their superiors.

Integrity is among the most crucial working ethics. Additionally, employees grow to feel attached to and devoted to the company.

Therefore, the role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.

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Answer:

d

Explanation:

A style guide, such as an MLA manual, will assist you in "None of these are correct uses for style guide". The correct option is D.

A style guide like an MLA manual, serves multiple functions beyond grammar, punctuation, spelling or formatting references. It provides a structured framework for consistency in various communication aspects.

It guides writers in maintaining a uniform tone, style, and formatting across documents, ensuring clarity and professionalism.

The guidelines for layout, headings, citations, and visual elements, a style guide supports effective communication, fosters credibility, and aligns written materials with a specific purpose or brand identity.

Therefore, the correct option is D.

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The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.

According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.

However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.

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The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.

Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:

1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.

2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.

3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.

4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.

5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.

6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.

7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.

It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.

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If Sweet Catering had recorded transactions using the Cash method, the net income (loss) they would have recorded for May is ($4,410) instead of ($1,480) under the accrual method.

The cash method records revenue and expenses when cash is received or payment is made.

On the other hand, the accrual method recognizes revenue and expenses for the period, whether cash is received/paid or not.

The accrual method records revenue when an invoice is raised and when a bill is received, unlike the cash method.

May 1 Prepaid Rent $1,800 Cash $1,800

May 5 Electricity Expense $50 Cash $50

May 9 Cash $340 Service Revenue $340

May 14 Kitchen Equipment $2,900 Cash $2,900

May 23 Accounts Receivable $1,560 Service Revenue $1,560

May 31 Rent Expense $600 Prepaid Rent $600

May 31 Salary Expense $2,700 Salary Payable $2,700

May 31 Depreciation Expense $570 Accumulated Depreciation $570

Service revenue $340

Expenses:

Rent $1,800

Electricity 50

Kitchen equipment $2,900

Total cash expenses = $4,750

Net income (loss) = ($4,410)

Service revenue $1,900

Expenses:

Rent  $60

Electricity 50

Salary $2,700

Depreciation $570

Total expenses = $3,380

Net income (loss) = ($1,480)

For the purchase of kitchen equipment, the accrual method records depreciation expense for the month while the cash method records the full amount paid for kitchen equipment on May 14.

Thus, a higher net loss is recorded for May when Sweet Catering uses the Cash method than the Accrual method.

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The best advice that Enzo's teacher can give him is to list his best attitudes and behaviors that employers find helpful.  Everyone has skills that they've developed through their hobbies, interests, and school work. Enzo needs to identify what those skills are and how they can be useful to potential employers. The correct option is C.

Making up skills that he thinks the employer wants to see on a resume is not a good idea. Employers can easily see through this and it may come across as dishonest. In addition, if Enzo gets hired, he may not be able to perform the tasks associated with the skills he claimed to have. Listing vague skills like "Digital Fluency" that require more explanation is not helpful either. This may confuse employers and they may not understand what Enzo is trying to say. It's important to be specific about the skills he possesses and how he can apply them to the job.

In conclusion, Enzo should focus on listing his best attitudes and behaviors that employers find helpful. This will demonstrate his potential to be a valuable employee, even if he doesn't have any work experience yet. He should also be specific about the skills he possesses and how they can be applied to the job. By doing this, Enzo can increase his chances of getting hired for his first job. The correct option is C.
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Answer:

Explanation:

Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.

The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.

Answer:

The correct ways to prepare a customer's change over the counter are:

Explanation:

1. In the cash drawer, store each denomination together in a section

2. As you receive cash, straighten them out and arrange them uniformly. Let every bill be faced in the same direction.

3. Deduct the total price of goods bought from the total amount handed to you by the customer.

4. The result from the above calculation is the customer's change.

5. Peek into the cash drawer and neatly pick out the notes or bills that make up this amount.

6. Carefully replace the shifted bills or coins in the drawer.

7. Place your hands on the desk or in sight of the customer and count the change for them to see.

8. Hand it over to the customer!

Answer:

true

Explanation:

by trying to give the description of the thing the customer wants to buy, he/she will ultimately get convinced by what you say not what they need

The company can control the customers order to an extent by giving them offers and discounts.

Thus, the correct option is A.

Supporting current and potential consumers is known as providing customer service.

Building strong relationships with your clients is the secret to providing excellent customer service.

The consumer will have a favorable experience if you thank them and encourage a helpful, friendly, and happy environment. A satisfied client is more likely to make repeat visits and spend more money.

Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service.

Going above and beyond to ensure that a customer is pleased with the company's goods or services is a sign of excellent customer service. Additionally, it entails offering timely, pleasant service to customers. Excellent problem-solving and communication abilities are equally vital.

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The closing price of a security, such as a stock or a commodity, is the final price at which it was traded on a particular trading day. The calculation of the closing price depends on the market in which the security is traded.

If you have access to the historical data of the security, you can easily calculate the closing price by finding the last recorded price of the security on a given trading day. Many financial websites and data providers offer this information in their daily summary of a security's trading activity.

However, if you are looking to calculate the closing price in real-time, you can use a real-time data provider that offers the latest market quotes for the security you are interested in. The closing price is usually determined at the end of the trading day, which varies depending on the market and the security being traded.

In general, to calculate the closing price of a security, you need to find the last traded price of the security for the day. This information can be obtained from various sources, such as stock exchange websites, financial news websites, or real-time data providers. Once you have this information, you can use it to calculate the closing price of the security for that particular trading day. An overview was given.

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A person's economic status can move from "employed" to "non-economically active" due to two circumstances.

The population that is engaged in the economy includes both employed and unemployed people. The population that is "economically active" is referred to as the labor force or labor supply. Those who were working for pay, profit, or family gain at the time of the census are considered employed.

The labor force is a crucial element of economic expansion: Businesses are able to increase production and employment when more people join the workforce.

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SIDS, unintentional suffocation while sleeping, and other sudden, unforeseen newborn deaths are examples of abrupt, unexpected infant fatalities.

Although the exact etiology of SIDS is unidentified, many physicians and researchers think that it is related to issues with the baby's capacity to wake up from sleep, to recognize low oxygen levels, or to identify an increase of carbon dioxide in the blood. Toddlers that sleep with their faces downward may breathe in their own carbon dioxide. Despite a newborn's risk of SIDS is reduced if they sleep in the same room as their parents, that risk rises if they share a bed with their parents, or siblings.

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If the cost of 32 oz of cheese is $9.98, 4 oz would cost $1.25 (rounded to the nearest cent).

So there would be a surplus since there would be more supply than demand. The oversupply of wheat would activate market forces. In order to sell more wheat, wheat farmers would cut the price.

The demand for wheat will rise as the price of wheat declines. When the demand curve shifts, there is an increase in demand. At the new equilibrium price, more wheat will be traded, increasing the amount demanded.

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Answer:

1. drug use can be harmful and also damages they way you think or do things for example if you have to much you feel like your going to pass out and do wierd actions.

2. some signs are you feel really tired and your eyes may want to close or you have to much and you feel like your fainting and if your around people you tend to act really badly and say where things

1. Drug use is the use of drugs for psychotropic rather than medical purposes.

2. Some symptoms include changes in appearance, dilated/constricted pupils, changes in hygiene, etc.

The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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Paul Bunyon losing his job as a lumberjack because the timber company he works for decided to just buy chainsaws ,shows structural unemployment.

Structural unemployment is a type of involuntary unemployment caused by a mismatch between the skills available to workers in the economy and the skills required by employers. Structural unemployment is frequently caused by technological changes that render many workers' job skills obsolete.

Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.

As Paul was a lumberjack, and the company decides to buy chainsaws to replace him. This unemployment will be termed as structural unemployment.

Therefore, Paul Bunyon faces structural unemployment.

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Your question is incomplete, but most probably the full question was,

Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. What type of unemployment is this an example of?

The sales budget for Bonita Company forecasts 9,000 unit sales of component 198Z in January, 10,600 units in February. Required Production Units The date is January 9, 320. February 10,860.

A sales budget is a financial plan that forecasts a company's total revenue for a given time period. It forecasts the company's performance based on two factors: the quantity of items sold and the price at which they are sold. The company's management predicted sales of $ 5,000 in quarter one, $ 6,000 in quarter two, $ 7,000 in quarter three, and $ 8,000 in quarter four, with the selling price of $ 6 for the first two quarters and $ 7 for quarter three and quarter four. The sales budget is a planning technique that enables businesses to manage resources and earnings in accordance with predicted sales.

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Answer: In the context of the barriers to international trade, Conducting thorough customer research is the best way to jump over sociocultural barriers.

Explanation:

Many businesses who are entering the global market misunderstand the constant challenge offered by sociocultural barriers. Although global consumer trends have become more uniform, values, languages, and decision-making processes still pose significant challenges for businesspeople trying to engage with partners in different nations.

Those with experience in international trade are aware of the existence of  sociocultural barriers and actively work to overcome them in order to further their business endeavors by Conducting thorough customer research, which helps in breaking the ice with customers of different uniform, values, and languages.

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The increase in intergovernmental debt is a situation that always result to an increase in the national debt.

A national debt refers to the total sum of debts owed by the government of a nation.

Other situation that contribute to the high national debt include:

Therefore, the Option A is correct

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Answer:

the  first year depreciation using MACRS depreciation is $28,580

Explanation:

The computation of the first year depreciation using MACRS depreciation is given below:

Here the depreciation rate is 14.29% for the first year

And, the cost of the wood chipper is $204,000

So, the first year depreciation expense is

= $204,000 × 14.29%

= $28,580

Hence the  first year depreciation using MACRS depreciation is $28,580