In order to document a business transaction in the accounting records of the company, a journal entry is employed.
What is Journal Entry ?A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised. After then, the general ledger is utilised to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
The required journal entries are as below-
Date Particulars Debit (Br.) Credit (Br.)
Mar. 1 Cash a/c 35,000
To Capital a/c 35,000
(To start a business with cash)
Mar. 1 Truck a/c 6,000
To Cash 2,000
To Notes payable 4,000
Mar. 3 Cleaning supplies a/c 1,500
To Accounts payable 1,500
(To purchase supplies on account)Account
Mar. 5 Insurance policy a/c 1,200
To Cash a/c 1,200
(To record the payment of insurance policy)
Mar. 14 Accounts receivable a/c 4,800
To Service revenue a/c 4,800
(To billed customers for services)
Mar. 18 Notes payable a/c 4,000
Accounts payable a/c 1,500
To Cash a/c 5,500
(Being cash paid to truck and cleaning service due amount)
Mar. 20 Salary a/c
To Cash 7,000
(To paid salary) 7,000
Mar. 21 Cash a/c 3,800
To Accounts receivable a.c 3,800
(To collect billed amount)
Mar. 28 Accounts receivable a/c 2,500
To Service revenue a/c 2,500
(To bill customers for services)
Mar. 31 Advertising expense a/c
To Cash a/c 2,000
(Being advertising expense paid) 2,000
Mar. 31 Dividends a/c 3,000
To Cash a/c 3,000
(Being dividend is paid)
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1) Nuru Meda Golf and Driving Range plc was opened on March 1 by Nuru. The following selected events and transactions occurred during March.
Mar. 1 Invested Br.120,000 cash in the business in exchange for ordinary shares.
3 Purchased Mechare Meda’s Golf Land for Br. 76,000 cash. The price consists of land Br. 20,000, building Br. 44,000, and equipment Br. 12,000. (Make one compound entry.)
5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of Br. 3,200.
6 Paid cash Br. 2,480 for a 1-year insurance policy.
10 Purchased golf equipment for Br.5,000 from Young Company, payable in 30 days.
18 Received golf fees of Br.2,400 in cash.
25 Declared and paid a Br.2,000 cash dividend. 30 Paid salaries and wages of Br.1,800.
30 Paid Young Company in full.
31 Received Br. 1,500 of fees in cash.
Snyder uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Share Capital—Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
● Journalize the March transactions.
Nuru Meda Golf and Driving Range plc were opened on March 1 by Nuru. The selected events and transactions occurred during March.
How can the events be made into compound entries?The following compound entry can be made to account for the events and transactions that occurred during March: Debit Credit Cash 120,000 Land 20,000 Buildings 44,000 Equipment 12,000 Accounts Payable 5,000 Share Capital—Ordinary 120,000 Dividends 2,000 Service Revenue 2,400 Advertising Expense 3,200 Prepaid Insurance 2,480 Salaries and Wages 1,800 Fees 1,500
This compound entry records the initial investment of cash into the business, the purchase of Mechare Meda’s Golf Land, the payment of advertising expenses, the purchase of golf equipment on credit, the receipt of golf fees in cash, and the declaration and payment of a cash dividend.
The payment of salaries and wages, and the receipt of fees in cash.
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Someone made 80000 and paid 12000 child care what is credit
Someone made 80000 and paid 12000 child care, the credit is 68000
What is credit?Generally, Credit is an agreement between a lender and a borrower in which the lender provides money, goods, or services to the borrower in exchange for a promise from the borrower to repay the lender in the future.
The loan can be secured with collateral, such as a house, or unsecured, such as a credit card.
Credit is used to purchase goods and services, pay for education, buy a home, or finance other large expenses.
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$43.50+10% double their cost
The total cost would be $47.85.
Calculate the total costThe theory used in this question is the percentage increase/decrease theory.
This theory states that to calculate the percentage increase or decrease of a given number,
you must first multiply the number by the percentage (expressed as a decimal).
Then, you can add or subtract the result from the original number to calculate the new number.
In this case, we multiplied $43.50 by 0.10 to find the 10% increase. We then added that to the original number to find the total cost.
Explanation given below
1. Calculate the 10% of the cost:
$43.50 x 10% = $4.35
2. Add the 10% to the original cost:
$43.50 + $4.35 = $47.85
3. The total cost would be $47.85
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Which of the following is NOT true of performance appraisal and management?
a. Performance management focuses on "present and future" performance of an employee.
b.Performance management only focuses on evaluating an employee's performance.
c. Performance management also focuses on developing an employee's skills and behaviors.
d. Performance appraisal focuses on "past" performance of an employee.
Performance management only focuses on evaluating an employee's performance is not true. The correct option is b.
What is performance management and why is it important?Managing employee performance enables businesses to streamline operations and boost effectiveness and productivity at work. In order to motivate team members to put their all into their work, performance management employs a system of objectives and rewards.
In addition to evaluating an employee's performance, performance management aims to help them improve their abilities and attitudes. Setting goals, providing feedback, coaching, and training to employees in order to enhance performance are all parts of the ongoing process known as performance management.
Additionally, it entails determining the advantages and disadvantages of each employee, presenting opportunities for growth, and coordinating individual goals with organizational objectives. The emphasis is on enhancing future performance as well as assessing past performance.
Thus, the ideal selection is option b.
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The following table shows the cost function for a business producing beach chairs:
Quantity of
Beach Chairs Produced (Number) Total Cost (Dollars Marginal Cost (Dollars)
0 5
1 15
2 26
3 38
4 51
5 65
a) Fill in the column for marginal cost. Instructions: Round your answers to the nearest whole number. If you are entering a negative number, include a negative sign (−) where appropriate.
b) If the market price is $11 per chair, the business will produce how many chairs? What is the total profit of the business at that price?
c) If the market price is $12 per chair, the business will produce how many chairs? What is the total profit of the business at that price? .
The marginal cost will be:
Beach Chairs Produced (Number) Total Cost
(Dollars) Marginal Cost (Dollars)
0 5 -
1 15 10
2 26 11
3 38 12
4 51 13
5 65 14
How to calculate the values2. At the market price of $11 per chair, the total quantity of 2 chairs will be produced by the producers.
At this price the Total cost of producing 2 Chairs is = $26
Whereas the Total revenue generated is = (p*q) $11 *2=22.
Total profit= TR- TC
Total profit= 22-26=-4( profits are falling as TC >TR)
3. Total profit at price $12 is :- -2(losses)
At the market price of $12 per chair, the total quantity of 3 chairs will be produced by the producers.
At this price the Total cost of producing 2 Chairs is = $38
Whereas the Total revenue generated is = (p*q) $12*3=36.
Total profit= TR- TC
Total profit= 38-36=-2(loss)
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can someone please help me with this question!!!
A U.S. business sells milk to consumers in France which situation would most likely cause demand for milk to rise in France?
A. A popular French nutrition author claims that milk is bad for people's health
B. French consumers expect the price of milk to increase in the future
C. the French population declines steadily due to years of economic problems
D. Cheese and other products made from milk become less popular in France
Answer:
option D
Explanation:
D. Cheese and other products made from milk become less popular in France. A situation that would most likely cause demand for milk to rise in France is French consumers expect the price of milk to increase in the future.
Compare the risk of fire with the risk of war in terms of how well they meet the requirements of an ideally insurable risk
In case of a loss due to fire, the quantum of loss can be determined and measured clearly. In the case of war losses, the measurement of losses is difficult.
What is the comparison of the risks of fire with the war in terms of an ideally insurable risk?The probability of a fire loss can be calculated using models and taking into account the variables likely to cause a fire. In the case of a war, the probability is very difficult to calculate. It is almost impossible. Premiums in the case of fire insurance are economically feasible. In the case of wars, considering the potential of large-scale destruction and losses, the premium would not be economically feasible. There are a large number of exposure units in the case of fire insurance as there are hundreds and thousands of homes and establishments that are protected through insurance.
In the case of war, it will not be possible to determine the number of wars that are likely to occur.
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What might some of the implications of this demographic trend be for a) pharmaceutical companies, b) the home construction industry?
The implications of demographic trend are age, sleep and food habits; nutrition; physical activity; emotional well-being; physical disability; cultural variables; life events; social support; financial resources.
What is Demographic Trend?A common word describing any detectable change in a population's features over time, such as increasing or reduced concentration of a certain ethnic group, sex ratio, and so on is called as Demographic Trend.
Demographic shift can have an impact on the economy's underlying growth rate, structural productivity growth, living standards, savings rates, consumption, and investment.
Declining birth and mortality rates can have contrasting effects on the pharmaceutical and house construction industries.
Age, sleep and dietary habits; nutrition; physical activity; mental well-being; physical impairment; cultural variables; life events; social support; financial resources are all linked to aging.
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what first step did you take before answering the problem
The first step to take before you answer the problem is defining the problem.
How to answer a problem ?The first step in problem-solving is defining and understanding the problem. This involves gathering information, clarifying the issue, and identifying the root cause. Once the problem has been clearly defined, it becomes easier to develop potential solutions and find the best course of action.
Naturally, identifying the issue is the first step in solving a problem. If there isn't even an issue, how could you possibly solve it? The following phase is information collecting to learn more about the problem once it has been identified.
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If a business owner wants to succeed, their business has to find their competitive advantage within one of the four main types of competitive structures: perfect competition, monopolistic competition, oligopoly, and monopoly. Select two different types of businesses in your community and determine the competitive advantage of each within its competitive structure. Name the businesses you selected and explain what products or services they sell that make them fit in that structure.
Business 1: A local coffee shop. The competitive structure it operates within is monopolistic competition. The competitive advantage of this coffee shop is its unique blend of coffee beans, cozy ambiance, and friendly customer service.
What is the competitive advantage?Business 2: A local grocery store. The competitive structure it operates within is oligopoly. The competitive advantage of this grocery store is its convenience, variety of fresh produce, and low prices.
Therefore, These are just examples and the actual businesses in your community may be different, but the idea of finding a unique selling point or advantage within the competitive structure they operate in is a common factor for success.
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Laureen Maurer's salary a year ago was $52,000. If inflation during the year was 3.5 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Also what would be her purchasing power if a deflation of 1 percent occurred?
If a deflation of 1 percent occurred, then purchasing power would be = $51,480.
What is the purchasing power about?The decline in Laureen Maurer's purchasing power due to inflation of 3.5% can be calculated as follows:
$52,000 * 3.5% = $1,820
So, the decline in her purchasing power was $1,820.
To find out her purchasing power if there was a deflation of 1 percent, we need to calculate the decrease in salary:
$52,000 * 1% = $520
So, her purchasing power would be $52,000 - $520 = $51,480.
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Taxes are imposed by the sovereign upon its subjects. Therefore, would it automatically follow that only its subjects would enjoy the same benefits from the sovereign?
One of the fundamental rights of the government is the ability to levy taxes, along with the powers of eminent domain and police authority. It is a basic quality of sovereignty. This implies that it only exists because of the State.
Why taxation is strictly imposed by the government?The fairness and equity of the tax system must be ensured. Governments must strike a balance between maintaining a fair and equitable tax system and achieving objectives like improved revenue mobilization, sustainable growth, and lower compliance costs.
The relative taxation of the affluent and the poor; corporate and individual taxpayers; urban and rural areas; the formal and informal economies; labor and investment income; and the older and younger generations are all fairness-related factors.
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Tax preparation software can help prepare and file your
taxes by
Answer:Tax software helps you prepare and file your income tax returns faster and more easily than filling out paper forms. It keeps things organized, provides step-by-step instructions, and calculates how much you owe or how much the government owes you.
Explanation:
It has specific benefits over both manually filing your tax return and using a paid tax professional.
Easy to Use and Convenient. Using an online tax service is convenient. ...
A Cost-Effective Alternative. ...
Faster Receipt and Turnaround. ...
Helpful for Record-keeping.
Tax preparation software automates the tax filing process by assisting with tax calculations, deductions, and generating forms. It improves accuracy and saves time compared to manual preparation.
Explanation:
Tax preparation software can help prepare and file your taxes by automating the process of calculating tax amounts, identifying deductions and credits, and generating the necessary forms. For example, software like TurboTax allows users to input their financial information and guides them through the tax preparation process step by step, ensuring accuracy and completeness. This can save time and minimize errors compared to manual tax preparation.
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Which is the best example of the concept of event marketing
If someone rate all of the female managers lower than the male managers in leadership effectiveness because the rater believes that men are naturally better leaders than women, this is an example of
Compared to men, women typically exhibit more democratic and less autocratic approaches. Hence its a Example of Gender stereotypes .
What is Gender stereotypes ?Gender stereotypes are prescriptive ideas about how men and women "should" act and describe stereotypical beliefs about the characteristics of men and women.
Women are stereotyped with communal traits like care for others, sensitivity, warmth, helpfulness, and nurturing, whereas men are stereotyped with agentic traits like confidence, assertiveness, independence, rationality, and decisiveness .
The perception by some that women may be less effective than men in leadership positions despite the fact that they can be equally effective may have been influenced by gender stereotypes that portray women as warm, nurturing, and caring and the corresponding stereotypes of men as cold, competitive, and authoritarian.
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Your like rate for people under the age of 40 is 11%. If the total audience for this platform is 578,900 with the following age distribution, how many likes will you get if you choose only to have your post shown to people under age 40? 18-24: 43%, 25-39: 35%, 40+: 22%
Although the ___________can promote a competitive and achievement-based culture, it can also undermine teamwork, decrease employees’ desire to help each other, and encourage an “everyone for himself or herself” attitude.
According to the law, both employers and employees must make contributions to these funds.
What is competetion ?Employers must deduct Social Security tax at a rate of 6.2% from gross pay, up to the Social Security wage base.
Management by Objectives (MBO) is an appraisal technique in which managers and staff jointly decide what goals should be prioritised during a certain appraisal period then plan, organise, and communicate those goals.
Employers are required to pay eligible workers their 13th month's wages by December 24 of each year. Employers can choose to pay it in two instalments instead of one lump sum, often in June and December.
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An advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as Country Manager at ABC insurance company in the UAE.
You read the job description and believe you are a fir for this position. You want to negotiate withthe General Manager, Dr David Smith, that you would like to excel and get promoted as the ‘Country Manager’, from your current position as the ‘Dubai’s Branch Manager’. This position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills.
In addition, you have been working with the company since September 2015 as a full-time employee and have made enormous contributions to the organization. From your experience, you have also determined that Dr Smith is a ‘thinker’ personality type as per The Myers-Briggs Type Indicator. What would be your negotiation process?
Considering that General Manager Dr Smith has a "thinker" personality type to get a promotion, his negotiation process must be focused on details, analysis of the situation and the benefits.
What are the characteristics of the thinker personality type in MBTI?According to the Myers-Briggs Type Indicator approach, the thinker is the individual who seeks to explore theories in an analytical and detailed way, being an individual who uses logic and reason to determine his actions and behaviors.
Therefore, negotiating with an individual with a thinking personality should be focused on rationality and the exploration of possibilities and information, and the manager seeking a promotion should have all the details and information about such a situation for it to be successful.
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Read the case, Trader Joe's, and the note, Competitive Advantage, in HBS packet and use the case Exhibit 2 in responding to the following question:
How do stores in the supermarket industry make money? Based on Exhibit 2 and the case information, what strategies did Whole Foods and Kroger pursue?
Stores in the supermarket industry make money by selling products at a markup over the cost of goods sold. They also generate revenue from services such as in-store banking and pharmacy. Additionally, they can earn profits through real estate development and rental income.
What is the Competitive Advantage, about?Based on Exhibit 2 and the case information, Whole Foods pursued a strategy of offering premium, organic, and natural products to attract higher-end customers. The company also focused on creating an in-store experience that appeals to customers, including offering prepared food and artisanal products. Whole Foods differentiated itself from traditional supermarkets by offering a unique shopping experience and a wide selection of high-quality products.
Kroger, on the other hand, pursued a multi-format strategy, offering both conventional supermarkets and upscale stores. Kroger also invested in technology and e-commerce capabilities to enhance its offerings and improve the shopping experience for customers. The company also focused on lowering costs through operational efficiencies and economies of scale. Kroger's strategy was to appeal to a wide range of customers by offering a mix of conventional and premium products at competitive prices.
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A firm’s operating cycle is never longer than its cash conversion cycle. True or false
A shorter operational cycle could result in a shorter cash cycle, but vice versa is also possible. As a result, it's critical that firms look at both of these cycles independently and together.
Firm’s operating cycle and its conversion cycleThe operating cycle does not take into account how long it takes to pay suppliers, in contrast to the cash flow cycle. Your cash flow cycle will be shorter as suppliers wait longer to get payment.
While a longer operational cycle may result in a longer cash cycle, a shorter operating cycle may lead to one. Therefore, it's crucial for businesses to examine both these cycles separately and collectively.
The amount of days that pass between the time you buy goods and the time customers pay for it is known as the operating cycle. The amount of days that pass between when you purchase merchandise and when you get payment from your clients for that inventory is known as the cash conversion cycle.
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Type the correct answer in the box Spell all words correctly
Identify the stage of personal selling in the given scenario
Jim works for a company that sells furniture. A young couple is currently asking him about a set of bedroom furniture. The couple is undecided about
the size of the bedside cabinets and so is unsure of the purchase. John is working on solving the couple's issues by answering questions in the best
way he can. Jim is involved in the
step of buying.
Jim works for a company that sells furniture. In the stage where he is working on solving the customer issues by answering questions in the best way he can, he is involved in the information gathering step of customer buying.
What is the Information athering step of customer buying?The information gathering process can begin once a consumer has identified their problem or need. The buyer has recognized the problem and is now looking for a suitable solution. That's all there is to it.
Consumers who want to find a solution to the problem that they have now identified can use a variety of information-gathering techniques. As technology has advanced, there has been a shift in these techniques over the last few years.
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The ________ provides a useful framework for interacting with the DM and identifying the underlying causes of the problem.
Group of answer choices
problem audit
problem definition
management problem
none of the above
Answer:
problem audit
Explanation:
Which of the following is a disadvantage of renting over buying a home?
A. With each new lease, your rent can go up.
B. You must also pay thousands of dollars for things such as property taxes.
C. You will have fewer hassles when you decide to move.
D. If something breaks, you have to fix it or pay to have it fixed.
A disadvantage of renting over buying a home is that with each new lease, your rent can go up. The Option A is correct.
What are disadvantage of renting over buying?There is no end in sight when you rent. In fact, your rent will almost certainly rise each time you renew your lease. And that money goes toward your landlord's mortgage, community repairs that will be used to justify raising your rent even higher, and the upkeep of amenities you may never use.
In short, the landlord can increase the rent at any time, cannot build equity if you're renting a property,there are no tax benefits to renting a property, you cannot make any changes to your house or your apartment without your landlord's approval etc.
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Answer:
1. If she decides to move, she will not have to deal with selling her home.
2. With each new lease, your rent can go up.
3. You are always driving a new car, which has the latest safety features.
4. It will charge him all the interest that would have accrued over the year.
5. He wants to get the rewards, and he did not want to open another credit card.
Explanation: I took the quick check
José wants to buy a new large screen TV. The electronics store has a special on the model he wants and offers same-day delivery if he uses his store rewards card. An online retailer is offering the same model, and if he uses their credit card, he can get 10% off. Why might Jose have decided to buy from the electronics store when the same TV is available for less money from the online retailer?
A. The one from the online retailer was of higher quality.
B. José likes paying extra money.
C. He was worried that the TV would get lost in the mail.
D. He wants to get the rewards, and he did not want to open another credit card.
Answer:
1. If she decides to move, she will not have to deal with selling her home.
2. With each new lease, your rent can go up.
3. You are always driving a new car, which has the latest safety features.
4. It will charge him all the interest that would have accrued over the year.
5. He wants to get the rewards, and he did not want to open another credit card.
Explanation: I just took the same quick check
1. In the News: Investors Gorge on Corporate Bonds after Fed "Capitulation" Part 2
I have completed the problem.
Is it correct?
When investors expected that the Federal Reserve would raise interest rates, the spreads over US Treasuries on both investment grade and junk bonds Increased. However, when the Federal Reserve "capitulated," spreads for both classes of corporate bonds decreased. The words increased and decreased are correct.
What is the Federal Reserve?The Federal Reserve System often shortened to the Federal Reserve, or simply the Fed is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics.
Particularly the panic of 1907 led to the desire for central control of the monetary system to alleviate financial crises.
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Journalize the adjusting entry needed at December 31 for each of the following independent situation.
a. On October 1, we collected $6,000 rent in advance for a year.
b. Interest revenue of $800 has been earned but not yet received.
c. Salary expense is $1,500 per day and the business pays employees each Friday. Dec. 31 falls on a Wednesday.
d. The unadjusted balance of the supplies account is $3,100. Supplies on hand total $1,200.
e. Equipment was purchased last year at a cost of $10,000. The equipment's useful life is 4 years. Record the year's dep
f. On September 1, we prepaid $1,200 for a two year insurance policy.
(yearly basis)
The Rent Revenue will be 6,000, Unearned Rent Revenue will be 6,000, Interest Revenue will be 800 , Salary Expense will be 7,500, Supplies Expense will be 2,900, Depreciation Expense will be 2,500, Accumulated Depreciation will be 2,500 , Insurance Expense will be 600 and Prepaid Insurance will be 600.
What is Depreciation Expense?
Depreciation Expense is an accounting concept used to spread out the cost of an asset over its useful life. It is a non-cash expense that is used to reduce the value of a fixed asset on the balance sheet over its useful life. When an asset is acquired, the cost of the asset is spread out over the years that it is expected to be useful. This is done by charging a certain amount of the cost to the income statement each year as an expense, thus reducing the value of the asset on the balance sheet. Depreciation Expense is used to represent the decline in value of the asset due to its usage, wear and tear, and obsolescence.
So, These are the required answers.
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In at least 3 sentences for each, provide examples for how Ford Motor Company should market differently to Millennials
Ford Motor Company can market differently to Millennials in several ways, here are a few examples:
Focus on sustainability and environmentally friendly featuresEmphasize technology and connectivityUse social media and influencer marketingWhat is Ford Motor?Focus on sustainability and environmentally friendly features: Millennials are more environmentally conscious and want products that align with their values. Ford can market its electric and hybrid vehicles, as well as other sustainable features, to appeal to this demographic.
Emphasize technology and connectivity: Millennials are tech-savvy and highly connected, and they value cars with advanced technology and connectivity features. Ford can market its cars with features such as in-car entertainment systems, smartphone integration, and driver-assist technology to appeal to this group.
Lastly, the use social media and influencer marketing: Millennials are heavily influenced by social media and trust recommendations from friends and influencers. Ford can use social media and influencer marketing to showcase its cars, reach a larger audience, and drive engagement among this demographic.
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You want to get feedback from people who are using one of your competitor’s products. You believe you will get much more honest responses from these people if you disguise the identity of your company. Your boss suggests you contact possible participants by using the fictitious name of the Consumer Marketing Research Corporation. What would you do?
I would first ensure that any contact made with potential participants is done in a way that is compliant with relevant data protection laws.
What is feedback?Generally, If this is feasible, I would then contact potential participants from the competitor's products via email, social media, and other channels, introducing myself as working for the Consumer Marketing Research Corporation and explaining that I am looking for feedback about their experiences.
I would also make sure that the participants are aware that their responses will remain anonymous, and that their data will not be shared with anyone for marketing purposes.
Additionally, I would provide an incentive for participants to take part in the survey, such as a gift card or other reward.
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A few years ago, in order to gain market share, DelRay™, a well-known learning management system software company used by many colleges and universities, joined forces with WEB Cast™, another learning management system software company. Both companies were in the same industry and originally competed against one another. In business, we would call the joining of these two firms a(n
In business, we would call the joining of these two firms a horizontal merger is the joining of two firms in the same industry, often producing very similar products or services. This strategic move is usually for the purchasing firm to increase its market share and competitive advantage.
What is business?Business is the practice of making one's living or making money by producing or buying and selling products. It is also any activity or enterprise entered into for profit. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner's possessions.
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Which is an example of a diversified portfolio?
A. A variety of stocks, bonds, and bank accounts
B. A variety of high-risk stocks
C. High-yield bonds and growth stocks
D. Multiple bank accounts with high interest
A variety of stocks, bonds, and bank accounts.
What Is Diversification?
A portfolio's investments are mixed together in a broad variety as part of the risk management approach known as diversification. To reduce exposure to any one asset or risk, a diversified portfolio combines a variety of different asset classes and investment vehicles.
This strategy is justified by the idea that a portfolio made up of many asset classes would, on average, produce superior long-term returns and reduce the risk of any one holding or security.
In order for the beneficial performance of certain assets to offset the bad performance of others, diversification aims to smooth out unsystematic risk occurrences in a portfolio. The benefits of diversity only apply if the assets in the portfolio are not fully linked; in other words, if they react to market factors differently, frequently in opposite directions.
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