Answer:
I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.
Explanation:
this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.
Which activities support the central idea about financial planning? select 3 options. saving money in a piggy bank making impulsive candy purchases investing extra money to earn interest spending lavishly as a personal reward purchasing stock in a growing company
Answer:
a, c and e
Explanation:
The activities support the central idea about financial planning include options A, C and E: Saving money in a piggy bank,Investing extra money to earn interest and Purchasing stock in a growing company.
What is the term Financial Planning about?
Financial Planning is literally the establishment of the policies, steps and procedures that will be implemented from a financial and resources point of view to ensure that the objectives and vision of a company are met.
One of its purposes is to help a company establish the monetary resources it will need, aside from the human and material resources, to meet the objectives and be productive.
This is why, the piggy bank, which means saving money, and investing to earn interest and purchasing stock in other growing businesses.
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In a recent annual report, General Electric reported the following in its inventory note:
December 31 (dollars in millions) Current Year Prior Year
Raw materials and work in progress $5,613 $5,325
Finished goods $2,813 $2,576
Filled shipments $252 $277
$8,678 $8,178
Less revaluation to LIFO (2,286) (2,096)
LIFO value of inventories $ 6,392 $ 6,082
It also reported a $22 million change in the cost of goods sold due to "lower inventory levels".
Required:
Compute the increase or decrease in the pretax operating profit (loss) that would have been reported for the current year had GE employed FIFO accounting for all inventory for both years
Based on the LIFO reserve for both years, the increase in pretax operating profit would have been $190 million.
What is the change in pretax operating profit?The change in pretax operating profit if GE used FIFO instead of LIFO is:
= Revaluation to LIFO in current year - Revaluation to LIFO in previous year
Solving gives:
= 2,286 - 2,096
= $190 million.
Because this shows a larger value for ending inventory under FIFO, it means that the Cost of Goods sold would be less thereby increasing profits by $190 million.
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Describe your strategy for pricing your goods or service. What will the final price be?:
Answer:
Think of the price of materials then of your time
Explanation:
Abardeen corporation borrowed $90,000 from the bank on october 1, year 1. The note had an 8 percent annual rate of interest and matured on march 31, year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did abardeen pay for interest in year 1? b. What amount of interest expense was recognized on the year 1 income statement? c. What amount of total liabilities was reported on the december 31, year 1, balance sheet? d. What total amount of cash was paid to the bank on march 31, year 2, for principal and interest? e. What amount of interest expense was reported on the year 2 income statement?.
a) The amount of cash that Abardeenn Corporation paid for interest in year 1 is $0.
b) The amount of interest expense recognized on the year 1 income statement is $1,800 ($90,000 x 8% x 3/12).
c) The amount of total liabilities reported on the December 31, year 1 balance sheet is $91,800 ($90,000 + $1,800).
d) The total amount of cash paid to the bank on March 31, Year 2, for principal and interest is $93,600 ($90,000 + ($90,000 x 8% x 6/12).
e) The amount of interest expense reported on the year income statement is $1,800 ($90,000 x 8% x 3/12).
How is interest calculated?Interest can be computed by applying the interest rate to the amount of notes payable based on the period under coverage.
For example, the interest amount for a six month is not the same as the interest amount for a full year, as interests are always prorated.
Data and Calculations:Amount of Note Payable = $90,000
Annual interest rate = 8%
Maturity date = March 31, Year 2
Maturity period = 6 months
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Select the correct answer.
Ichika is writing a thank-you letter to an interviewer. Which statement should go in the beginning of Ichika's letter?
OA. In this letter, I am enclosing a sample of the index card layout that I mentioned during the interview.
OB.
I am very eager to join the Lexo Library and work with the head librarian and other team members.
Oc. Thank you for meeting me last Monday and considering me for the assistant librarian position.
OD. My knowledge of Indexing techniques will be a great asset for the new section your library plans to add.
Answer:
C. Thank you for meeting me last Monday and considering me for the assistant librarian position.
Explanation:
Which of the following factors are considered when calculating GDP? I. Goods produced within a country by citizens of that country II. Goods produced within a country by residents who are not citizens III. Goods produced within a country for use in production of other goods IV. Goods produced by a country’s citizens outside of its borders a. II and III b. I only c. I and II d. I, II, III, and IV.
GDP refers to the total value of goods and services produced by resident and non-resident during a year in a country.
What is GDP?Gross Domestic Product refer to the gross value (in terms of money) of finished goods and services produced in a country within a year by resident and non-resident in domestic territory of the country.
The above option I and II describes the factors considered for calculation of GDP, i.e. Goods produced by citizens as well as non-resident within a country.
Therefore, option c aptly describes the factors considered for calculating GDP.
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Answer:
C. I and II
Explanation:
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please select the best answer from the choices provided T F.
Answer:
Got this from the same website you used
Explanation:
Advances in technology like the creation of cheap, lightweight laptops have allowed workers to work from almost anywhere. TRUE.
The advancement in communication, transportation, etc. increases the performance and productivity of an employee. The creation of cheap, lightweight laptops has allowed workers to work anytime and anywhere.
What is Technology advancement?Technology advancement means the ease of doing things and improving all the aspects of human lives.
Advancements in technology made life easier by increasing employee productivity, performance, and satisfaction. The creation of cheap, lightweight laptops has allowed workers to work flexibly and efficiently.
Therefore, the above statement is True.
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Between 1950 and 2015 the percentage of women in the work force has______.
A. remained more or less constant
B. decreased by a noticeable margin
C. surpassed the percentage of men
D. increased by a significant margin
Answer:
A.
increased by a significant margin is correct
Explanation:
The proportion of women in the labor force has significantly increased between 1950 and 2015. As a result, option (D) is the appropriate response.
What do you know about the women participation in workforce?Since the industrial revolution, women's engagement in the labor force outside the home has grown in industrialized countries, with a particularly significant increase noted in the 20th century.
Women made up 34% of the general labor force in 1950. In 1960, the rate increased to 38%, then to 43% in 1970, 52% in 1980, 58% in 1990, and 60% in 2000.
In the labor force in 1950, women made up around one third of the population. By 1998, almost three out of every five working-age women were employed. In 1950, 33.9 percent of women over the age of 16 were in the work force; by 1998, that number had increased to 59.8 percent.
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Standards are:_______.
A. set for each major production input or task
B. rarely used outside of management accounting
C. benchmarks for measuring performance
D. compared to the actual quantities and costs of inputs
Standards are benchmarks for measuring performance.
What is standard?Standard is used to measure an individual or group performance.
It helps to know if an individual is doing exceptionally well or not.
Therefore, Standards are benchmarks for measuring performance and can be compared to the actual quantities and costs of inputs.
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According to the principles of scientific management, the best way to improve productivity is to.
Answer:
here is ur answer
Explanation:
According to the principles of scientific management, the best way to improve productivity is to: use time-motion studies to find the best method of doing each job, then teach those methods to employees
An indication of one’s lifestyle is __________________.
the kind of vehicle you drive
the kind of house you live in
the kind of clothes you wear
all of the above
Answer:
all of the above
Explanation:
all of these indicates one's lifestyles.
New balance, inc. , successfully repositioned its athletic shoes to focus on fit, durability, and comfort rather than competing head-on against nike and adidas on fashion and professional sports. new balance is likely reacting to a.
The action of New Balance, Inc. to successfully reposition its athletic shoes to focus on fit, durability, and comfort rather than competing head-on against Nike and Adidas in fashion and professional sports is A. a reaction to a competitor's position.
What is competitive positioning?Competitive positioning is offering and creating value for your customers and brand in the market.
The following four competitive positions can be assumed by an entity, depending on the adopted market strategies:
Market leadershipMarket challengingMarket followershipMarket niching.Answer Options:A. react to a competitor's position
B. reach a new target market segment
C. catch a rising trend
D. change the value offered to its customers
E. accommodate its target audience's preference for comfortable sneakers
Thus, New Balance, Inc. is likely reacting to Option A.
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One difference between products and services is demonstrated by a hair salon, where the stylist delivers the service at the same time the customer receives it. This is called
Inseparability is the difference between products and services as demonstrated by a hair salon, where the stylist delivers the service at the same time the customer receives it.
What is services marketing?Service marketing is a strategy which promotes and showcases the intangible benefits and offerings delivered by a company to drive end. It is a marketing based on relationship and value.
In service Marketing, a service or an intangible commodity is promoted and marketed among the target audience.
Hence, Inseparability is the difference between products and services as demonstrated by a hair salon, where the stylist delivers the service at the same time the customer receives it.
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Which loan service is better a private loan or a federal loan?
A. Private
B. Federal
Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed costs by producing.
Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.
What is price?Price is the money paid for a service rendered or goods and services bought.
The price of a goods is determined by the number of goods or the type of an item.
Therefore, Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.
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An online photo printing company can temporarily lose its e-commerce ubiquity if.
An online photo printing company can temporarily lose its e-commerce ubiquity if its website crashes as a result of a coding error or an attack by hackers.
What is E-Commerce Ubiquity?This refers to the ability of a company to give its customers unrestricted access to its products and service at all times.
Hence, we can note that an online photo printing company can temporarily lose its e-commerce ubiquity if the customers are unable to get access to its service as a result of its website crash and customers lose accessibility.
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True or false? Product/market fit automatically results in high-volume sales.
Answer:
It is True
Explanation:
Defining product-market fit
"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.
Product/market fit automatically results in high-volume sales, is the true statement.
What is a Product/market fit?"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.
It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.
Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.
Thus, it is a true statement.
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What is a very common way to purchase an automobile?
Answer:
through a car dealership?? what kinda question is that
Raphael, Alex, and Clancy are lumberjacks who live next to a forest that is open to logging; in other words, anyone is free to use the forest for logging. Assume that these men are the only three lumberjacks who log in this forest and that the forest is large enough for all three lumberjacks to log intensively at the same time.
Each year, the lumberjacks choose independently how many acres of trees to cut down; specifically, they choose whether to log intensively (that is, to clear-cut a section of the forest, which hurts the sustainability of the forest if enough people do it) or to log nonintensively (which does not hurt the sustainability of the forest). None of them has the ability to control how much the others log, and each lumberjack cares only about his own profitability and not about the state of the forest.
Assume that as long as no more than one lumberjack logs intensively, there are enough trees to regrow the forest. However, if two or more log intensively, the forest will become useless in the future. Of course, logging intensively earns a lumberjack more money and greater profit because he can sell more trees
The solutions which would ensure that the forest is sustainable in the long run assuming that the regulation is enforceable are:
Convert the forest to private property, and allow the owner to sell logging rights.Outlaw logging intensively.What is LumberJacking?This refers to the cutting down of trees for the purpose of making woods.
With this in mind, we are aware that because lumberjacking is not regulated, then anyone can use the forest for logging and because of this, independent lumberjacks come to the forest to cut down trees and in the process hurts the sustainability of the forest.
Hence, we can see that the way to ensure that the forest is sustainable in the long run assuming that the regulation is enforceable is to outlaw logging intensively and also to convert the forest to private property, and allow the owner to sell logging rights.
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________ innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization. marketing
Marketing innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization.
What is marketing innovation?Marketing innovation is a term used to refers to how the new products can be used to convince the consumer so they can buy it.
It is based on the organization can comes up with better idea to win heart of consumer.
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In terms of microeconomic analysis, what is the function of utils?.
Answer: a measurement of utility
Explanation:
Which of the following types of credits would best describes home equity loans? a. closed and secured b. closed and unsecured c. open and secured d. open and unsecured please select the best answer from the choices provided a b c d
The home equity loans are such loans often associated with line of credits and are for a short term. Such loans are open and secured types of credit facility.
What are home equity loans?Home equity loans are generally referred to as such loans where the home of the borrower is kept as collateral and is open to be utilized for any legal purpose.
It is generally given for a short term and the repayment is often done monthly over a span of the entire term of the loan. As the collaterals can be used by the banks in case of defaults by the borrower, it is a secured type of loan.
Hence, option C; the above-mentioned facts describe that a home-equity loan is an open and secured type of credit facility.
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On january 1st year 1, a company issues $410,000 of 7% bonds
Answer:
The appropriate journal entries to record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 are:
White Water journal entries
1-Jan-21
Debit Cash $382,141
Credit Discount on Bonds Payable $27,859
($410,000-$382,141)
Credit Bonds payable $ 410,000
30-Jun
Debit Interest Expenses $ 15,286
($382,141 x 8%/2)
Debit Discount on Bonds Payable $736
Credit Cash $14,350
($410,000 x 7%/2)
31-Dec
Debit Interest Expenses $15,315.08
[($382,141 + 736) x 8%/2]
Credit Discount on Bonds Payable $965.08
($15,315.08-$14,350)
Credit Cash $14,350
($410,000 x 7%/2)
yo
Firelight Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. Machine setup-hours is the only driver of manufacturing overhead costs. Firelight has a set up capacity of 660 hours.
Required:
Calculate the manufacturing overhead costs budget
The manufacturing overhead budget contains the manufacturing costs other than the direct materials and direct labor.
What is manufacturing overhead budget?
Your information is incomplete. Therefore, an overview will be given. The information in the manufacturing overhead budget is part of the cost of goods sold line item in the master budget.
One can calculate it by dividing the total expected overhead costs for one period by the number of direct labor hours expected in that period.
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To become a successful entrepreneur, you should:
Select one:
O Prepare to risk all of your family assets.
O Plan to quit your job before starting.
O Choose a business that is in a field you enjoy.
O Expect to put down a lot of money.
I guess it is Choose a business that is in a field you enjoy .....
Organizations use ______ such as commissions, profit-sharing, bonuses, and stock options to attract and retain top performers.
Answer:
The answer is incentives
Explanation:
Hope this helps:)....if not then sorry for wasting your time and may God bless you:)
A clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. What action would the store owner most likely take? The store owner would most likely raise the price of the spring jeans to encourage producers. The store owner would most likely lower the price of the spring jeans to encourage producers. The store owner would most likely raise the price of the spring jeans to encourage consumers. The store owner would most likely lower the price of the spring jeans to encourage consumers
The action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
What is supply?
Supply refers to the quantity of goods that a seller is willing to sell at a given price in a given period of time. It has a positive relationship with price of commodity, which means supply increases with increase in the commodity's price.
There is also law of supply which states that the quantity of a good supplied increases as the price increases and vice versa.
Hence, the action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
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Answer:
D
Explanation:
What risk are you taking when you invest your money in the stock market?.
Answer:
You could lose your entire investment.
Explanation:
X circle company purchased a computer system black box, inc. With a list price of $100,000 plus 5% sales tax. The cost to deliver and install the computer was $10,000. The debit to equipment equals.
The debit to the equipment account should equal $115,000 for X Circle Company, which recently purchased a computer system black box.
What is the recognized cost of the equipment?The costs that should be recognized for the purchase of new equipment (or asset) include all the costs that will bring the asset into use.
These costs include the purchase cost, delivery, and installation costs.
Data and Calculations:Computer system black box = $100,000
5% sales tax = $5,000 ($100,000 x 5%)
Delivery and Installation costs = $10,000
Total cost of computer = $115,000 ($100,000 + $5,000 + $10,000)
Thus, the debit to the equipment account should equal $115,000.
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True or false: All employees make an impact on a business.
5 points
True; all employees make a positive impact on a business
True; all employees make either a positive or negative impact on a business
False; only managers and supervisors make an impact on a business
False; only executives and board members make an impact on a business
Answer:
true; all employees make either a positive or negative impact on a business
Explanation: