The conservatism principle is an essential aspect of accounting that helps businesses to present a realistic financial picture by accounting for potential future losses. By being conservative in its approach to accounting, a business can protect itself from overestimating its financial position and avoid overstating its profits.
This principle is particularly relevant for companies that operate in volatile markets or have high levels of credit risk. For example, a business that extends credit to its customers may need to provide for bad debts to account for potential non-payment in the future.
Ultimately, the conservatism principle helps to ensure that financial statements are reliable, transparent, and provide a true and fair view of a business's financial position.
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You invest $X into a fund that promises a return of 9% per year. How many years will it take for
your investment to increase to a value of at least $8X? Provide your answer as an integer.
Future Value is the desired value ($8X in this case)
Present Value is the initial investment amount ($X in this case)
Interest rate is the annual rate of return (9% or 0.09 in decimal form)
n is the number of years we want to find.
To determine the number of years it will take for an investment to increase to a value of at least $8X with a 9% annual return, we can use the concept of compound interest.
The formula to calculate the future value of an investment with compound interest is:
Future Value = Present Value * (1 + interest rate)^n
Where:
Future Value is the desired value ($8X in this case)
Present Value is the initial investment amount ($X in this case)
Interest rate is the annual rate of return (9% or 0.09 in decimal form)
n is the number of years we want to find.
Substituting the given values into the formula:
$8X = $X * (1 + 0.09)^n
To simplify the equation, we can divide both sides by $X:
8 = (1.09)^n
Taking the logarithm of both sides (base 10 or natural logarithm, it doesn't matter), we can solve for n:
log(8) = log((1.09)^n)
n * log(1.09) = log(8)
n = log(8) / log(1.09)
Using a calculator, we can find that:
n ≈ 11.84
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Oxicon Incorporated manufactures several different types of candy for various retail stores. The accounting manager has requested that you determine the sales dollars required to break even for next quarter based on past financial data. Your research tells you that the total variable costs will be $400,000, total sales will be $800,000, and fixed costs will be $110,000. What is the breakeven point in sales dollars? (Do not round intermediate calculations.)
The breakeven point in sales dollars for Oxicon Incorporated is $220,000.
Detailed explanation:
To do this, we will use the information provided: variable costs of $400,000, fixed costs of $110,000, and total sales of $800,000. The breakeven point is when total revenue equals total costs (both fixed and variable).
Step 1: Calculate the contribution margin ratio.
Contribution Margin Ratio = (Total Sales - Total Variable Costs) / Total Sales
Contribution Margin Ratio = ($800,000 - $400,000) / $800,000
Contribution Margin Ratio = $400,000 / $800,000
Contribution Margin Ratio = 0.5
Step 2: Calculate the breakeven point in sales dollars.
Breakeven Point = Fixed Costs / Contribution Margin Ratio
Breakeven Point = $110,000 / 0.5
Breakeven Point = $220,000
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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explain the role of finance in business
Answer:
FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. ... FINANCIAL MANAGEMENT is the job of managing a firm's resources so it can meet its goals and objectives.
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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this shows a lender, if you have a good track record of paying debts. A. loan B.profit planning C. SBA D. credit rating
Answer:
The big three C's – Credit, Capacity, and Collateral – are really the drivers how lenders determine who gets a loan, how much they'll loan, and what the interest charge will be.According to the pecking-order theory managers will often choose to finance with?
According to the pecking-order theory managers will often choose to finance with debt rather than new equity.
The Pecking Order Theory is also known as the Pecking Order Model. This theory relates to a company’s capital structure. It was made popular by Stewart Myers and Nicolas Majluf in 1984.
The theory of Pecking order states that managers should follow a hierarchy while considering sources of financing.
In the context of the pecking order theory, retained earnings financing also known as internal financing comes directly from the company which minimizes the information asymmetry.
In oppose to the external financing, such as debt or equity financing where the company is required to incur fees to obtain external financing, internal financing is the cheapest and most convenient source of financing.
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True or False: Strip malls are usually climate controlled.
Answer: false
Explanation:
That’s the correct answer
The Strip malls are usually not the climate controlled, as it is the cause of the global warming.
What is the strip mall?Strip mall is also called the strip center or strip plaza. This type of mall is basically the common shopping center in North America. In which the stores are arranged in a well-defined row, consisting of the sidewalk in their front.
It is not the climate controlled because these malls contribute to the global warming indirectly pollute the environment, as the energy generators causes the green house gases.
Therefore, the given statement is false.
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A document in a job order costing system that is a cost record maintained for each job is known as a(n):
A document in a job order costing system that is a cost record maintained for each job is known as a job cost sheet.
The job cost sheet is used to track the direct materials, direct labor, and overhead costs associated with a specific job. It is an important tool for monitoring the cost of production and determining the profitability of individual jobs.
A document in a job order costing system that is a cost record maintained for each job is known as a job cost sheet. The job cost sheet provides a detailed breakdown of the costs incurred for a specific job, including direct materials, direct labor, and manufacturing overhead. It allows companies to track and accumulate costs associated with individual jobs, enabling better cost control and analysis of profitability on a per-job basis.
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how is it possible for nominal GDP to rise but real GDP to fall from one year to the next?
Yes, the given statement can be marked as true as it would indicate a larger rise in prices relative to a decrease in output.
Why would Nominal GDP increase but real GDP decrease?When nominal GDP increases and it is higher than real GDP, then it shows that inflation is occurring but when real GDP is higher than nominal, then it means deflation is occurring.
In an economy with a high inflation, it will experience an increase in nominal GDP no matter if the real amount of goods and services produced decreases.
The GDP deflator measures the the overall change in prices in an economy, by using the ratio between real and nominal GDP.
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Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question
What are the disadvantages of a contract for deed? Select two. Allows time to become mortgage ready Seller retains the right to the property Down payment and closing costs can be negotiated No professional appraisal is required, so you might pay more than the home is worth
Answer:
Seller retains the right to the property
No professional appraisal is required, so you might pay more than the home is worth
Explanation:
A contract for deed is one that does not have the standard transfer of title from the seller to the owner. Rather the seller of a property retains title ownership while the buyer pays installmentally over time.
This agreement is common where the buyer does not meet requirements to obtain a loan. A small down payment can be made initially.
Disadvantages of contract for deed includes:
- Seller retains rights to the property, and he can cancel the contract if the buyer defaults even once on his payments.
- No professional appraisal is required, so you might pay more than the home is worth. There is no requirement for appraisal of the property so the buyer does not have a reliable estimate of property worth.
The disadvantages of a contract for deed are the seller retains the right to the property and No professional appraisal is required, so you might pay more than the home is worth.
What is a contract for deed?A contract for deed is one that does not have a standard transfer of title from the seller to the owner. Instead, the seller retains the title deed while the buyer pays the installments over time.
This agreement is usually when the consumer does not meet the requirements for obtaining a loan. A small payment can be made in advance.
Therefore, the disadvantages of contract for deed include:
The seller has property rights, and he can cancel the contract if the buyer fails even once in his payments. No professional appraisal is required, so you might pay more than the home is worth.
There is no need to inspect a property so that the buyer does not have a reliable estimate of the value of the property.
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what describes the economic performance of the more centrally planned economies?
A system of government-controlled production factors is known as a centrally planned economy. Planning, carrying out, and managing economic operations are all done at the federal level.
What kind of economy is governed by a centrally planned economy?A command economy, usually referred to as a planned economy, is one in which the central government coordinates, manages, and supervises all economic operations in order to maximize societal welfare. Supply and demand are not allowed to affect production or prices in command economies, as opposed to free-market economies.
A centrally planned economy's primary objective is what?Equalizing income distribution is the planned economy's primary goal. The State is accountable for managing the tasks of resource distribution and must step in to influence the economy.
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Business-to-business marketing involves the marketing of goods and services to organizations for use in the creation of goods and services that ______.
The marketing of goods and services to organizations so that they could create more goods and services that add value is known as business-to-business (B2B) marketing.
What is Business-to-Business?Business-to-business means the business relationship between an entity and another. The organizations that buy B2B goods and services use them for either:
ResaleProduction Support of their works.Thus, business-to-business marketing involves the marketing of goods and services by one organization to other organizations for use in the creation of goods and services that add value.
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What is the term that describes what a business has to pay to correct defective products?
Answer:
Cost of quality
Explanation:
Apevx
Answer:
cost of quality
Explanation:
Which element of risk management forms the core component of the process?
a) Communication
b) Risk governance
c) Risk identification and measurement
C) Risk identification and measurement forms the core component of the risk management process.
As risk identification and measurement involves identifying and assessing potential risks to a business or organization, and quantifying the level of risk involved. This is a crucial step in developing an effective risk management plan, as it provides the foundation for understanding the likelihood and potential impact of different types of risks, and helps prioritize resources and efforts to mitigate those risks.
Option c is answer.
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C) Risk identification and measurement forms the core component of the risk management process.
As risk identification and measurement involves identifying and assessing potential risks to a business or organization, and quantifying the level of risk involved. This is a crucial step in developing an effective risk management plan, as it provides the foundation for understanding the likelihood and potential impact of different types of risks, and helps prioritize resources and efforts to mitigate those risks.
Option c is answer.
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in accounting, the term impairment refers to multiple choice question. offsetting liabilities against the related assets. cost recovery of an asset for investment purposes. allocation of an asset over its useful life. an asset's significant decline in value.
In accounting, the term impairment refers to an asset's significant decline in value.
This can occur for a variety of reasons, such as changes in market conditions, technological advancements, or legal or regulatory changes. When an asset is impaired, its carrying value on the balance sheet must be adjusted to reflect its new, lower value. This adjustment is typically recorded as a loss in the income statement.
Impairment can affect both tangible and intangible assets, such as property, equipment, goodwill, and patents. The impairment test involves comparing the asset's recoverable amount, which is the higher of its fair value less costs of disposal and its value in use, to its carrying amount. If the carrying amount exceeds the recoverable amount, the asset is impaired, and the impairment loss is recognized.
Impairment is an important concept in accounting because it helps ensure that assets are accurately valued on the balance sheet. By recognizing impairment losses, companies can provide investors and creditors with a more accurate picture of their financial position. Additionally, impairment testing can help companies identify potential problems with their assets and take appropriate action to mitigate them.
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williams company computed its cost per equivalent unit for direct materials to be $2.10 and its cost per equivalent unit for conversion to be $2.86. a total of 229,000 units of product were completed and transferred out as finished goods during the month. the ending work in process inventory consists of 36,000 equivalent units of direct materials and 36,000 equivalent units of conversion costs. the amount that should be reported in ending work in process inventory is:
The amount that should be reported in ending work in process inventory is 178,560
By using analogous units, it is possible to convert a number of unfinished units into a number of finished ones. We can think of five units as one equal unit, for instance, if each is 20% finished. So value of ending inventory = ($2.10 x 36,000) + ($2.86 x 36,000) = 178 560 US$. The definition of inventory includes both the production-related raw materials and the final goods that are put up for sale. Because it is one of the primary sources of income production and, as a result, a source of profit for the company's shareholders, inventory is one of a company's most important assets.
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So I have this thing that says that the earliest “wavier period” is October 24th which Is today so would that mean I still have time to turn it in to day?
Answer:
No idea what the answer is?
Economists agree that when an individual changes their behavior, they are doing so because O of changes in preferences. O of changes in relative prices. of sunk costs. Othey are irrational.
Answer:
They are irrational.
Explanation:
Economists agree that when an individual changes their behavior, they are doing so because they are irrational.
It should be noted that the behaviors of human beings change which affect their purchasing decision.
What website would be the best to use to find the best steakhouse near your home?.
Answer:
the best one is yelp
Explanation:
your current location include Yelp.
true/false. the aggregate demand and aggregate supply model explains: answer unselected the effect of long-run economic growth on the standard of living unselected short-run fluctuations in real gdp and the price level unselected the effect of changes in interest rate on investment spending
The aggregate demand and aggregate supply model explains short-run fluctuations in real GDP and the price level (option b).
The aggregate demand and aggregate supply model is a macroeconomic model that explains short-run fluctuations in the economy. It shows how changes in aggregate demand or aggregate supply can affect real GDP and the price level. The model assumes that prices are flexible in the long run but can be sticky in the short run, resulting in short-run fluctuations in real GDP and the price level.
Option b is answer.
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Consumer purchasing behavior has hardly been affected by technology.
true
false
Answer:
False
Explanation:
Technology and digital media have a significant impact on user purchasing behavior, which is performed through analyzing the user's interests and preferences and posting advertisement that match the user's preference.
Making a home inventory (select all that apply)
Question 3 options:
A: will decrease your premium by 5%.
B: will help you get your claim settled faster.
C: will help you to determine how much liability coverage to purchase.
D: will help you to determine how much personal property coverage to purchase.
A : wil dercease your premium by 5% and if my answer is nice like and thanks!!!!!!!
7. Abatement tax is a tax exemption granted by the government for limited period. True False
8. Tax policies can be defined as Government's attitudes, objectives and actions whith revpects to ins un system. True False
9. A good tax is not required to sufficient to raise necessary government revenue. True False
10. Revemue refers to the total tax collected by the government for the public and available for public use. True False
11. If the widow or widower maintains a home for a dependent child, he or she qualifies as a marrie surviving spouse for the three taxable years following the year of death. True False
12. Head of household is an individual who is unmarried on the last day of the year, who is not spouse, and who maintains a home for a child or other dependent family members qu filing purpose. True False
A. True.B. True.C. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger.D. True.Ad valorem taxes on realty, also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location.
Some jurisdictions extend immunity from tax for a specified period of time (a tax holiday) to new or relocated businesses. - True B. Some states partially exempt the homestead, or personal residence, portion of property from taxation. - True C. Lower taxes may apply to a residence owned by a taxpayer aged 65 or younger. - False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
Property owned by the Federal government is exempt from this tax. - True also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
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Is every alternative choice making can be counted upon as decision making?
.
The answer of this question is No...
Hemanta Wants to meet you soon negative answer
Answer:
Hemanta does not want to meet you soon
Answer:
Hemanta doesnt like you
Suppose kittyville's full‑employment gdp is $600 billion, and the current equilibrium gdp is $400 billion. The mpc in this economy equals 0. 90.
In order to get Kittyville's GDP to the full-employment GDP, the increase in government spending should be $20 billion.
By how much should government spending increase?The amount the government should increase its spending by is:
= GDP gap / Multiplier
Multiplier = 1 / ( 1 - MPC)
= 1 / ( 1 - 0.9)
= 10
Amount to increase spending by:
= (600 - 400) / 10
= 200 / 10
= $20 billion
In conclusion, government spending should increase by $20 billion.
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What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT
Answer:
its a D
Explanation:
The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.
What is cottage industry?A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.
They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.
Therefore, we can conclude that option D is correct.
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for business and personal finance: What is insurance?
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.