Which of the following does not apply to an informal enterprise? O a. It does not have officially recognised business premises O b. It is a close corporation O c It is not registered or recorded for tax purposes O d. It does not keep official records
Answers
The correct answer is option b.
It is a close corporation. An informal enterprise is typically not structured as a close corporation, which is a specific legal entity type with certain legal requirements.
Informal enterprises are often small-scale, unregistered businesses that operate without formal structures or legal recognition.
Also called shadow enterprise, refers to those companies which have not followed a formal process of creation and/or do not pay taxes, do not follow accounting norms, neither pay fringe benefits to their workers.
Unregulated businesses, usually run by people unemployed in the formal sector of the economy. Examples are Spaza shops, hawkers, market gardeners, pavement sellers.
They may not have officially recognized business premises, may not be registered or recorded for tax purposes, and may not keep official records.
Thus, The correct answer is option b.
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An informal enterprise is characterized by not having officially recognized business premises, not being registered or recorded for tax purposes, and not keeping official records. However, it is not a close corporation, as it does not adhere to the formal legal structure of a close corporation.
An informal enterprise can be characterized by several features that distinguish it from formal businesses. Out of the options provided, the characteristic that does not apply to an informal enterprise is b. It is a close corporation.
a. It does not have officially recognized business premises: Informal enterprises often operate from non-traditional business premises, such as a home or street vendor setup. They may not have a dedicated storefront or office space. This flexibility allows them to minimize costs and adapt to their specific needs.
b. It is a close corporation: A close corporation refers to a type of formal business structure with a limited number of shareholders. In contrast, informal enterprises typically do not have a formal legal structure or specific ownership requirements. They are often operated by individuals or small groups without the need for formal registration or legal documentation.
c. It is not registered or recorded for tax purposes: Informal enterprises are often not registered with government authorities for tax purposes. They may not have a tax identification number or be subject to formal reporting and taxation requirements. This lack of registration can provide flexibility and reduce administrative burdens for these businesses.
d. It does not keep official records: Informal enterprises may not maintain formal record-keeping systems, such as financial statements or detailed inventory records. Instead, they rely on informal methods to track their business activities, such as handwritten notes or mental records. This informality allows them to operate with greater flexibility and adaptability.
In summary, an informal enterprise is characterized by not having officially recognized business premises, not being registered or recorded for tax purposes, and not keeping official records. However, it is not a close corporation, as it does not adhere to the formal legal structure of a close corporation.
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Related Questions
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going to serve the best interests of the investing public?", refers to concerns about:
Answers
Answer:
The correct answer is "Conflict between professionalism and commercialism".
Explanation:
As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.So that the given statement refers to the above solution.
Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answers
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Sofia, a 65-year-old woman, can't seem to remember if she has eaten breakfast each day. She also doesn't remember that her granddaughter called to tell her she was going to stop by to visit. She seems to be forgetting more things and doesn't want her family to know. Sofia may be showing signs of __________.
Answers
If she seems to be forgetting more things and doesn't want her family to know. Sofia may be showing signs of memory loss or cognitive decline.
Sofia may be showing signs of memory loss or cognitive decline. Memory loss is characterized by difficulties in remembering or recalling information, events, or recent experiences. It can be associated with various conditions, such as Alzheimer's disease, dementia, or age-related cognitive decline. Sofia's inability to remember whether she has eaten breakfast and her lack of memory about her granddaughter's visit could be indicative of memory impairment. It's important for Sofia to consult with a healthcare professional to undergo a proper evaluation and receive appropriate care and support. Early detection and intervention can help manage and address memory-related concerns effectively.
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quick will give brainliest Bank A has a liquidity ratio close to 30 percent. This ratio will most likely _____.
not affect the bank’s run-off rate
cause a higher than acceptable run-off rate
cause a lower than acceptable run-off rate
Answers
Quick will provide the smartest The liquidity ratio for Bank A is almost 30%. The bank's run-off will probably not be impacted by this ratio.
Quick ratio is a ratio of liquidity?In order to determine a company's ability to meet its immediate financial obligations, analysts and investors use liquidity data called the quick and current ratios.The current ratio is calculated by dividing current liabilities by current assets.The quick ratio only considers highly liquid assets or cash equivalents as current assets.
What is a decent quick ratio?If the company's assets can be turned into cash extremely fast, a ratio of less than 1.5 is less problematic. Although a current ratio of three or four may indicate financial health, it also raises questions about whether a corporation is ineffective at investing the money it does have.
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The following information relates to Cullumber Co. for the year 2022. $71,794 $ 2,692 Owner's capital, January 1, 2022 Owner's drawings during 2022 Advertising expense Rent expense 8,974 15.555 Service revenue 95,127 4,637 Utilities expense Salaries and wages expense 44,123 CULLUMBER CO. Income Statement I $ S
Answers
Based on the information provided, it seems that some of the values are missing from the income statement
.
To accurately prepare the income statement for Cullumber Co. for the year 2022, we would need the complete information including the values for expenses, revenues, and net income. Based on the provided information, the Cullumber Co. Income Statement for the year 2022 can be constructed as follows: CULLUMBER CO. Income Statement For the Year Ended December 31, 2022Service Revenue: $95,127 Less: Expenses: Advertising Expense: $8,974 Rent Expense: $15,555 Utilities Expense: $4,637 Salaries and Wages Expense: $44,123 Total Expenses: $73,289 Net Income: $95,127 - $73,289 = $21,838Please note that additional information such as cost of goods sold and other revenue/expense items might be required to prepare a comprehensive income statement. However, based on the information provided, the above income statement can be generated.
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The ________ was the first national organization in the United States to offer voluntary pharmacy technician certification. Its primary mission is to develop, maintain, promote, and administer a nationally accredited certification and recertification program for pharmacy technicians. Group of answer choices
Answers
Answer:
PTCB
Explanation:
The Pharmacy Technicians Certification board is the full meaning of PTCB. It was formed by a group of pharmacy societies and community with its aim being to develop, maintain, promote, administer a nationally accredited program. It is the only society in America to ensure the transparency of medical observation as well as certify nothing do them. maybe na that one.
Cheers.
how might you use your knowledge of taxes to make sound financial decisions?
Answers
Answer: If you know about taxes you can make better financial descisions because most descisions are made thru taxes. Taxes are numbers and stats that allow us to determine whether or not to buy something.
Explanation:
taxes also show how inflated a market is
This résumé format focuses on an applicant’s work experience and education: a. chronological b. functional c. skills d. electronic
Answers
The résumé format that focuses on an applicant's work experience and education is called the chronological format (option a).
In this format, the emphasis is placed on listing your work history and educational background in reverse chronological order, starting with the most recent position or degree.
This format is commonly used by individuals who have a consistent employment history and want to highlight their career progression and relevant experience.
It allows employers to easily see the applicant's employment timeline and assess their qualifications for a specific job. Remember to tailor your résumé to match the requirements of the job you're applying for. Thus, option a. chronological is the correct answer.
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O que é superavitário e deficitário? * O que é SFN? * Pesquise os principais ações deficitárias e superavitários do governo nos últimos 4 anos.
Answers
Answer:
sao coisas qui eu nao consogo espluc
If all players play their best responses, then the corresponding strategy profile must be a nash equilibrium.
A. True
B. False
Answers
Answer:
False
Explanation:
Nash Equilibrium is when all players maintain their strategy for the entire game, and thus cannot gain a competitive advantage by changing strategies mid-game. If the question was worded "If all players must play their best responses, then the corresponding strategy profile must be a Nash equilibrium."
Under what conditions should a sponsor approve a project change, and when is it okay for the project manager to authorize a change? a. Sponsor approval is needed if a change requires additional funding; a project manager is generally authorized to make most other decisions b. Sponsor approval is needed only if the project manager is not available c. Sponsor approval is always needed d. Sponsor approval is needed if a change requires a change to the project charter; a project manager is generally authorized to make most other decisions
Answers
Answer:
never
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Why do you think it is important to understand GDP?
Answers
in a quiz for Marks and given for correct answer and negative marks are given for incorrect answer if Jacks score 20 five successive rounds 25,-5,-10,15 and 10, what was total at the end
Answers
Answer:
35
Explanation:
I believe he has 35 marks at the end but I could be wrong.
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answers
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
A furniture company using accrual accounting purchased 30 sofas in November of Year 1 in December of Year 1 10 of the 30 sofas were sold to customers. The customers all signed contracts agreeing to pay half the amount owed in February of Year 2 and the remaining half in March of Year 2. At the time of sale the company was reasonably sure the customers would pay the amount owed. The furniture company pays its salespeople a commission on each sora sold, and commissions for December Year 1 sales are paid in January Year 2 in which month should the furniture company recognize the direct expenses associated with the sale of these 10 March of Year 2 February of Year 2 Januan of Year 2 December of Year
Answers
The furniture company should recognize the direct expenses associated with the sale of the 10 sofas in February of Year 2. This is because the customers have signed contracts agreeing to pay in February and March of Year 2, and at the time of sale, the company was reasonably sure the customers would fulfill their payment obligations.
In accrual accounting, revenue and expenses are recognized when they are earned or incurred, regardless of the timing of cash inflows or outflows. In this case, the furniture company made sales in December of Year 1 and the customers agreed to pay in February and March of Year 2.
Since the customers have signed contracts agreeing to pay in those specific months, the revenue from the sales is recognized in the respective months of February and March of Year 2. Consequently, the associated direct expenses, such as sales commissions paid to the salespeople, should also be recognized in the same period when the revenue is recognized.
Therefore, the direct expenses associated with the sale of the 10 sofas should be recognized in February of Year 2, when the customers are expected to make their first payment. This aligns with the principle of matching expenses with revenues in the period they are earned.
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What is an oligopoly market?
Answers
An oligopoly market is an economic market structure where there are only a few firms that dominate the industry. These firms typically have some control over the price of the goods they produce and sell, as there are few substitutes available.
Oligopoly Market
An oligopoly market is a market structure in which a small number of firms have a large majority of the market share. This means that there are only a few dominant firms in the industry, and they have the power to influence the market and set prices.
In an oligopoly market, firms may engage in strategic behavior, such as price fixing or collusion, in order to maintain their market dominance. However, there is also competition among the firms, as they may try to differentiate themselves from their competitors in order to gain a competitive advantage.
Some examples of oligopoly markets include the automobile industry, the telecommunications industry, and the airline industry. In each of these industries, there are only a few dominant firms that control the majority of the market share. In conclusion, an oligopoly market is characterized by a small number of dominant firms, strategic behavior, and competition among the firms.
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a) Use an appropriate diagram, to explain how the Permanent Income Theory of Consumption reconciles the results of cross-section and time series estimate of the Keynesian aggregate consumption function. (15 marks)
(b) With the help of a diagram, explain the effect of an increase in nominal income on interest rate.
Answers
a) The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
b) Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
Explanation:
a) The Permanent Income Theory of Consumption (PITC) reconciles the differences between cross-section and time-series estimates of the Keynesian aggregate consumption function by emphasizing on the long-run relationship between consumption and income.PITC predicts that people's consumption is a function of expected permanent income rather than current income. This theory suggests that individuals base their consumption on a lifetime average of their income, not just the current level of their income. According to PITC, consumption is calculated as a linear combination of current income and expected permanent income, which can be expressed as follows: Ct = aYt + bPt, Where,
Ct = Consumption
Yt = Current income
Pt = Permanent income
The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
This consumption function depicts that when permanent income increases, consumption will also increase. PITC recognizes that households consume a portion of their permanent income in addition to a portion of their current income. The increase in permanent income may not result in an immediate increase in consumption, but it will boost the consumption function over time.
b) An increase in nominal income will increase the demand for money. This increase in money demand will result in a rightward shift of the money demand curve. The increase in the money demand curve will raise the equilibrium nominal interest rate and cause the real interest rate to increase, as shown below:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
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Please help in this question asap
Answers
Answer:
All of these
Explanation:
do I need to explain lol?? :]
Write an article to the commerce magazine of your school on "The importance of studying business environment."
please help me with this asap
i will mark the brainliest to the first answer
Answers
Explanation:
Importance of the Study of Business Environment:
A study of business environment is highly significant for business management for the following reasons:
(i) To Ensure Smooth Functioning of Business Cycle:
Smooth functioning of business cycle depends on availability of inputs and disposal of output.
Business enterprises obtain inputs like raw-materials, machines, technology, manpower etc. from the society (which is part of business environment); and dispose of output i.e. finished goods to society.
Hence, business managements must study business environmental factors so as to be aware of changes in input supplies, changes in social factors like consumer behaviour, state of competition in industry etc. to ensure smooth functioning of their business cycles.
A study of business environment is essential to take full advantage of opportunities for gain hidden in the business environment.
PLEASE MARK ME A BRAINLIST AND ❤
Which factor is critical to the successful implementation of the IS?
Answers
Answer: E Visibility of products in real time
Explanation:
Select the correct text in the passage.
What sentences in the following passage indicate increased expenses for developing the advertisement?
An exercise equipment company decided to create demand for its latest plece of equipment through a TV commercial. For this purpose, it hired
an ad agency reputed for its creative skills. This agency pitched five different concepts to its client. After an extensive internal discussion, the
client gave approval for one of the ideas. The next step was to write script for the ad. Using in-house cloud-based scripting software, the agency
wrote scripts in real time. This made it easier for company to communicate effectively with the ad makers. The company also approved the
tagline and storyboard for its product. The agency hired professional actors for enacting the scene.
Answers
paragraph 2 I hope sorry if it's wrong
Answer:
For this purpose, it hired an ad agency reputed for its creative skills
and The agency hired professional actors for enacting the scene
Explanation:
both requires money. to hire someone you need money which shows a increase of expenses
the eisp component of provides informatino on the importance of infosec in the organization
Answers
The EISP component provides information on the importance of information security in the organization - True
Information on the significance of information security in the organisation is especially provided by the EISP (Enterprise Information Security Policy) component. The organization's general approach and structure for information security are described in the EISP, a policy document. Information security-related high-level declarations, objectives, duties, and recommendations are frequently included.
Even while the EISP may discuss the value of information security within the company, its main goal is to offer a thorough and organized framework for managing and protecting information assets. It assigns roles and duties, outlines procedures, and lays the basis for establishing and maintaining efficient information security practises across the organisation. It also defines the organization's security goals.
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Complete Question:
The EISP component provides information on the importance of information security in the organization - True/False
visit the website for a different well known company
Answers
Please explain better in comments
What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
Answers
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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which of the following theorems is not one of malkiel's theorems regarding the relationship between ytm and bond prices? a. lower coupon bonds are more volatile than higher coupon bonds. b. bond prices move inversely to bond yields. c. the yield curve is generally upward sloping. d. longer-term bonds are more volatile than shorter-term bonds.
Answers
The theorem that is not one of Malkiel's theorems regarding the relationship between YTM and bond prices is "The yield curve is generally upward sloping." Option C.
The following is Malkiel's theorems regarding the relationship between YTM and bond prices:
Theorem 1: When calculating the present value of a bond's cash flows, the bond's yield-to-maturity (YTM) must be used.
Theorem 2: The price of a bond and its yield-to-maturity (YTM) are inversely related.
Theorem 3: Bonds with lower coupon rates have more volatile prices than bonds with higher coupon rates.
Theorem 4: The prices of long-term bonds are more sensitive to changes in interest rates than the prices of short-term bonds.
Theorem 5: The yield curve is typically upward-sloping.
Hence, the right answer is Option C.
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A person studying economics chooses to buy an economic textbook for their class, even though it means they
cannot afford to buy a video game they want. This shows an understanding of
O goods.
O services.
O production.
consequences and tradeoffs.
Answers
Answer:
I think the answer is consequences and tradeoffs
Explanation:
Affordability is the term referred to as the ratio of expenditure to income. It is the per ratio of expenditure that the person spends as the part of the income and the income is the total sum of the amount that is with the person as the term salary.
The correct answer is consequences and tradeoffs.
Option consequences and tradeoffs are correct because it is the describing the affordability of the books and the affordability of the games. The person is so dedicated to the book for knowledge as compared to the video games.
Options:
Goods.
Services.
Production.
These options are wrong because they do not describe the affordability of the person. These options are the basic or the general words of economics.
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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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What is a similarity between a term life insurance policy and a whole life insurance policy?
OA
OB
Both provide coverage for the policyholder's medical and outpatient surgery costs
Both can be held by the policyholder for a minimum of 5 years and a maximum of 25 years,
Both include a cash value component that the policyholder can receive at the end of the policys term,
Both provide financial compensation to the beneficiaries upon the policyholder's death,
Ос. .
OD
Answers
A similarity between a term life insurance policy and a whole life insurance policy is that both provide financial compensation to the beneficiaries upon the policyholder's death. The correct option is d.
Term and whole life insurance are two of the most frequent types of life insurance. Whole life insurance is a type of permanent life insurance that lasts as long as you live (provided you pay your premiums). It also includes a cash value account, which is a form of savings account that grows tax-free over time and can be withdrawn or borrowed from while you are living. Term life insurance, on the other hand, is only valid for a set number of years (the term) and has no monetary value.
Term insurance only protects you for a set number of years, whereas whole life insurance protects you for the rest of your life—if you can keep up with the premium payments. Whole life insurance rates might be five to fifteen times higher.
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In an adjusting entry for expenses incurred but not yet paid ______.
Answers
Answer:
a liability is increasing since cash will be paid in the future due to the expense incurred
Explanation:
Adjusting entries for accruals relate to entries that record revenues and expenses earned or incurred during the period prior to when the cash changes hands. Accrual adjustments include increasing assets and revenue or increasing expenses and liabilities.
What's a curling iron?
Answers
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.