The client information needed to begin creating lead schedules for an audit engagement using automated work paper software is interim financial information such as third quarter sales, net income, and inventory and receivables balances.
This information is necessary in order to accurately assess the financial standing of the company and develop an audit strategy.
The financial statements provide a snapshot of the company’s financial health and performance, which will allow the auditor to review the internal control environment, identify potential risks and liabilities, and plan out the audit engagement.
This information is needed to form the basis for the audit and for the CPA to develop a timeline for the audit, review the financial transactions, and perform testing.
Additionally, the information can be used to compare and evaluate the company's performance from prior years and identify any changes or trends.
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which of the following is an example of a bailment done for the sole benefit of the bailee? question 17 options: using a car without permission renting a car borrowing a laptop babysitting for free finding lost or misplaced property
Renting a car and borrowing a laptop are example of a bailment done for the sole benefit of the bailee. A bailment is a legal relationship between two parties where one party (the "bailor") entrusts property to another party (the "bailee") for a specific purpose.
An example of a bailment done for the sole benefit of the bailee is renting a car. This is because the bailee is not expected to return the car in the same condition as when it was rented, but only to return the same car. The sole benefit to the bailee is the use of the car.
Borrowing a laptop is another example of a bailment done for the sole benefit of the bailee. When a person borrows a laptop from a friend, they are not expected to return it in the same condition as when it was borrowed, but only to return the same laptop. The sole benefit to the bailee is the use of the laptop.
Babysitting for free is not an example of a bailment done for the sole benefit of the bailee. This is because the bailee (the babysitter) is expected to provide a service, and not simply be entrusted with an item. Finding lost or misplaced property is not an example of a bailment done for the sole benefit of the bailee. This is because the bailee (the finder) does not receive any benefit from finding the property; instead, they are expected to return the property to its rightful owner.
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when consumers change mobile phone and data service providers, they may be required to maintain service with the provider for a specified time period. this is an example of a:
This is an example of a contract provision known as an "early termination fee" or "ETF".
An early termination fee is a fee charged by service providers to customers who end their service contract before the specified end date.
This fee is typically used to cover the costs associated with the service provider setting up and maintaining the customer's account, as well as any subsidies or discounts provided to the customer when they signed up for the service.
In the case of mobile phone and data service providers, the early termination fee is often included as a contract provision when customers sign up for service.
The fee may vary depending on the length of the contract, the type of service being provided, and other factors. In general, customers who end their service contract before the end date will be required to pay the early termination fee, which can be a significant cost.
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OU Inc. is considering the launch of a new product but there is some uncertainty about how the product will actually be received. Accordingly, your junior analyst has provided you with three sets of market conditions and estimated the probability of each set of circumstances (we learn after one year what will happen from that point forward). Starting the project today would incur costs of $15,000,000, the appropriate cost of capital is 10%. od: The product is very well received, and profits are estimated to start at $1,300,000 in year with 30% annual growth for 2 years and then slowing to 4% growth into the foreseeable ture (at least 30 years). The probability of this occurring is estimated to be 30%. avarage: Profits start at $1,250,000 in year 1 and grow continuously at 3% for the foreseeable ture. Probability of occurring is 50% Poor: Profits start at $1,000,000 in year 1 but then drop off by 12% each year into the reseeable future. Probability of occurring is 20%. a. What is the NPV of this project? b. If you wait for one year so that there would be no uncertainty about the project's outcome before investing, what is the project's NPV? What is the value of the real option to wait?
a. The Net Present Value (NPV) of this project is: $13,888,652
b. Value of the real option to wait = -$528,848
a. The Net Present Value (NPV) of this project is: $13,888,652
Very Well Received Scenario: NPV = ($15,000,000) + ($1,300,000/1.10) + ($2,069,000/1.102) + ($2,440,200/1.103) + ($2,803,578/1.104) = $14,417,500
Average Scenario: NPV = ($15,000,000) + ($1,250,000/1.10) + ($1,553,500/1.103) + ($1,868,545/1.106) + ($2,195,358/1.109) = $14,239,794
Poor Scenario: NPV = ($15,000,000) + ($1,000,000/1.10) + ($890,000/1.112) + ($793,680/1.114) + ($703,264/1.116) = $12,488,744
The expected NPV of this project is then calculated as the weighted average of the three scenarios, which is equal to:
Expected NPV = (30% x $14,417,500) + (50% x $14,239,794) + (20% x $12,488,744) = $13,888,652
b. If you wait for one year, the NPV of the project is then equal to the NPV of the Very Well Received Scenario:
NPV = ($15,000,000) + ($1,300,000/1.10) + ($2,069,000/1.102) + ($2,440,200/1.103) + ($2,803,578/1.104) = $14,417,500
The value of the real option to wait is then equal to the difference between the expected NPV and the NPV if you wait for one year, which is equal to:
Value of the real option to wait = $13,888,652 - $14,417,500 = -$528,848
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using a bid buying strategy and shopping around solely on the basis of ap price can be a successful strategy if:
Using a bid-buying strategy and shopping around solely on the basis of AP price can be a successful strategy if certain conditions are met such as a comprehensive understanding of market, including product or service being purchased, market trends and conditions, supplier reputation, etc.
The AP price is the average price that a company pays for a product or service. AP stands for "average price."This strategy can be successful if the buyer has a comprehensive understanding of the market and the product they want to purchase.
The buyer should also be aware of the market trends and conditions that impact the price. The buyer should be familiar with the market conditions and dynamics, such as supply and demand, availability of alternatives, and other factors that may influence the price.
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time remaining 1 hour 29 minutes 50 seconds01:29:50 item 1 time remaining 1 hour 29 minutes 50 seconds01:29:50 providing the power required to run production equipment is an example of a: multiple choice unit-level activity. batch-level activity. product-level activity. organization-sustaining activity
The time remaining 1 hour 29 minutes 50 seconds 01:29:50, and providing the power required to run production equipment is an example of a batch-level activity.
What are batch-level activities?Batch-level activities are operations that are performed on a particular group of items. It typically takes place after an order is placed and before the item is shipped to customers, depending on the company's business. One example of a batch-level activity is providing the power required to run production equipment.
The costs of batch-level activities are divided across the batch that is generated, so the more items that are made, the more batch-level activity costs are incurred.
For instance, a firm that produces chips may use a batch-level activity, such as setting up machines to make chips, that costs $5 per batch. If it produces 100 batches, it will cost $500, but if it produces 200 batches, it will cost $1,000. That is why, providing the power required to run production equipment is an example of a batch-level activity.
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A company reported that its bonds with a par value of $50000 and a carrying value of $66.500 are retired for $71,400 cash, resulting In a loss of $4,900. The amount to be reported under cash flows from financing activities is: a. $(71,400). b. $(16,500). c. $(66,500). d. $16,500. e. $(4,900).
The correct answer is (a) $(71,400).
When a company retires bonds, cash flows from financing activities will be affected. Bonds with a par value of $50,000 and a carrying value of $66,500 were retired for $71,400 cash, resulting in a loss of $4,900.
The company will report cash flows from financing activities of $(71,400). This is calculated by subtracting the carrying value of the bonds ($66,500) from the amount received for the retirement of the bonds ($71,400). The loss of $4,900 is not reported in the statement of cash flows.
The other answer choices are incorrect because:
- (b) $(16,500) is incorrect because it is the difference between the par value of the bonds ($50,000) and the cash received for the retirement of the bonds ($71,400).
- (c) $(66,500) is incorrect because this is the carrying value of the bonds, which was not reported in the statement of cash flows.
- (d) $16,500 is incorrect because it is the difference between the cash received for the retirement of the bonds ($71,400) and the par value of the bonds ($50,000).
- (e) $(4,900) is incorrect because this is the amount of the loss that was not reported in the statement of cash flows.
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The adjusted trial balance of Flounder Corp. at December 31, 2022, includes the following accounts: Retained Earnings $17,900, Dividends $6,600, Servic- Revenue $35,100, Salaries and Wages Expense $14,800, Insurance Expense $1,870, Rent Expense $3,820, Supplies Expense $1,440, and Depreciation Expense $880. Prepare an income statement for the year!
Income Statement For the year ended December 31, 2022,
Particulars Amount($)Particulars Amount($)Service revenue35,100Less: Expenses Salaries and wages expense(14,800)Insurance expense(1,870)Rent expense(3,820)Supplies expense(1,440)Depreciation expense(880)Total expenses(23,810)Net income11,290
Explanation: An income statement, also known as a profit and loss statement or P&L, shows a company's revenues and expenses over a certain period, typically one year.
The given information is: Retained Earnings $17,900, Dividends $6,600, Service- Revenue $35,100, Salaries and Wages Expense $14,800, Insurance Expense $1,870, Rent Expense $3,820, Supplies Expense $1,440, and Depreciation Expense $880.
The formula to calculate net income is as follows: Net income = Total revenues - Total expenses Now, let's calculate the income statement for Flounder Corp. for the year ending December 31, 2022. Service revenue = $35,100Less:
Expenses Salaries and wages expense = $14,800 Insurance expense = $1,870Rent expense = $3,820Supplies expense = $1,440Depreciation expense = $880Total expenses = $23,810Net income = $11,290Therefore, the Income Statement for Flounder Corp. for the year ended December 31, 2022, is:
Particulars Amount($)Particulars Amount($)Service revenue35,100Less: Expenses Salaries and wages expense(14,800)Insurance expense(1,870)Rent expense(3,820)Supplies expense(1,440)Depreciation expense(880)Total expenses(23,810)Net income11,290
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an estimate of the value of property resulting from an analysis of facts about the property is known as a/an?
A property appraisal is an estimate of the value of property resulting from an analysis of facts about the property.
A property appraisal is conducted by a professional appraiser who examines the physical characteristics of the property, comparable sales, recent local market trends, and other factors.
The appraiser then prepares a written report of the property’s value based on their research. A property appraisal is typically used to establish a value for a loan or sale.
It is also used for tax assessment purposes and to assess insurance premiums.
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Juan retired at age 68 and withdrew the entire $77,100 balance from an IRA to buy a sailboat. She opened this account in 1999. Which of the following statements is false?
A) If the account is a Roth IRA, none of the withdrawal is taxable.
B) If the account is a traditional IRA to which Juan made $32,000 nondeductible contributions, $45,100 of the withdrawal is taxable.
C) If the account is a traditional IRA funded entirely with deductible contributions, the entire $77,100 withdrawal is taxable.
D) None of the above is false.
The answer is D) None of the above is false. If the account is a Roth IRA, none of the withdrawal is taxable.
A Roth IRA is a personal retirement account that offers tax-free growth and tax-free withdrawals upon retirement. Roth IRA rules state that an account can be withdrawn at any time by him for five years, and if he is 59½ years of age or older, and he is not obligated to pay federal taxes.
If the account is a traditional IRA to which Juan made $32,000 nondeductible contributions, $45,100 of the withdrawal is taxable. And if the account is a traditional IRA funded entirely with deductible contributions, the entire $77,100 withdrawal is taxable.
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a government annually collects $320 billion in tax revenue and allocates $42 billion to education spending. what percentage of this government's budget is spent on education?
The percentage of this government's budget spent on education is 13.125%.
To find the percentage of the government's budget that is spent on education, we can use the following formula:
Percentage = (Amount spent on education / Total budget) x 100
In this case, the amount spent on education is $42 billion, and the total tax revenue collected is $320 billion. Therefore, the percentage of the government's budget that is spent on education is:
Percentage = ($42 billion / $320 billion) x 100
Percentage = 0.13125 x 100
Percentage = 13.125%
Therefore, approximately 13.125% of the government's budget is spent on education.
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an important element to successfully managing a difficult conversation that involves choosing language carefully to deliver a message that will not provoke the other side is referred to as...
Tactful communication is an important element to successfully managing a difficult conversation that involves choosing language carefully to deliver a message that will not provoke the other side.
It requires being aware of the impact of words and tone, listening actively, showing respect, and trying to find common ground to reach a mutually beneficial outcome. Tactful communication involves being assertive but not aggressive, and avoiding language that can trigger defensiveness or hostility. It can help to de-escalate emotions, build trust, and maintain positive relationships even in challenging situations.
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Which of the following provides an incentive for providers of care to offer more treatments because payment is dependent on the quantity rather than the quality of care?
A. Retrospective payment system
B. Prospective payment system
C. Fee-for-service payment system
D. Single-payer payment system
The payment system that incentivizes care providers to offer more treatments based on the quantity of care rather than the quality is called "the fee-for-service payment system". Thus, C is correct.
What is the fee-for-service payment system?A fee-for-service payment system is a method of reimbursement where healthcare providers are paid based on the services they provide. The fee-for-service (FFS) system rewards providers for quantity rather than quality.
The FFS system is a simple way for doctors and hospitals to be reimbursed, and it was widely used in the past. The problem is that it provides a strong financial incentive to perform more tests, procedures, and treatments, even when they are unnecessary or even harmful, which can lead to higher healthcare costs and lower quality of care.
In this case, as the provider is paid based on the number of services they provide, they will prefer to offer more treatments than needed. They do not have any motivation to provide quality services to the patient. As a result, the patient's well-being suffers as well, and this system is thus harmful. Thus, option C is correct.
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Which statement best describes the U.S. framework for determining if an individual who is not a U.S. citizen will be treated as a resident alien for U.S. tax purposes?
Multiple Choice a. A person must have a green card and meet a substantial presence test to be treated as a resident alien for U.S. tax purposes. b. A person must have a green card to be treated as a resident alien for U.S. tax purposes. c. A person must meet a substantial presence test to be treated as a resident alien for U.S. tax purposes. d. A person with a green card will always be treated as a resident alien for U.S. tax purposes, while a person without a green card may be treated as a resident alien if she meets a substantial presence test.
The correct answer to the question is option C. A person must meet a substantial presence test to be treated as a resident alien for U.S. tax purposes.
An individual must pass a substantial presence test in order to be considered a resident alien for U.S. tax purposes. This is the U.S. framework for doing so. The U.S. framework for assessing whether a person who is not a U.S. citizen would be considered as a resident alien for U.S. tax reasons is thus best described by option C.The government of a nation imposes income tax on its citizens, businesses, and other people who make money inside its boundaries. As a result, each country has its own set of tax laws that specify who must pay taxes, how much must be paid, and when must be paid. Residents of the United States pay taxes on their worldwide income, whereas nonresidents only pay taxes on their income that is earned in the United States. Nonresident aliens who make money in the US must pay taxes on it, but it can be tricky to determine whether one is a resident for tax reasons.A nonresident alien's status as a resident for tax purposes can be determined using the significant presence test. It is a numerical computation that takes into account how many days the nonresident is really physically present in the country throughout a predetermined time frame. This duration is usually the present year and the two previous years, known as the "look-back period." If a nonresident spends more than 183 days in the United States during the look-back period, they will be considered a resident for tax purposes in the current year.
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please select the best answer. according to the study done by the securities and exchange commission(sec) in recent years, greatest number of enforcement actions was in the area of
According to the study conducted by the Securities and Exchange Commission (SEC) in recent years, the greatest number of enforcement actions was in the area of fraud involving securities.
What is the Securities and Exchange Commission (SEC)?
The Securities and Exchange Commission (SEC) is an autonomous agency of the United States federal government that is responsible for regulating the country's financial markets and enforcing federal securities regulations. It is responsible for the protection of investors, the maintenance of fair, orderly, and efficient markets, and the facilitation of capital formation.
The SEC is led by five commissioners appointed by the President of the United States and is headquartered in Washington, D.C.
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If goods are sold on terms FOB shipping point, the ________. A. buyer and the seller split the transportation costs B. seller normally pays the transportation costs C. buyer normally pays the transportation costs D. shipping company bears the transportation cost
Answer:
C. buyer normally pays the transportation costs
Explanation:
If goods are sold on terms FOB shipping point, the buyer normally pays the transportation costs.
FOB (Free on Board) shipping point is a shipping term that indicates that the buyer takes ownership of the goods and assumes responsibility for them as soon as they are loaded onto the carrier (e.g., truck, ship, or plane) at the seller's shipping dock. This means that the buyer is responsible for paying the transportation costs and for any loss or damage that may occur during transportation.
In contrast, FOB destination means that the seller is responsible for the goods and transportation costs until the goods reach the buyer's specified destination.
Which positioning base for a product or service focuses on a personality or type of consumer? a. Product class b. Attribute C. Emotion d. Product user
The positioning base, named, "product user" focuses on a personality or type of consumer. Option D is the correct answer.
Positioning is a crucial element in the marketing mix and refers to how a company creates an image or identity in the minds of consumers for its product or service. One such positioning base is product user, where the focus is on the personality or type of consumer. By identifying and targeting a specific group of consumers based on their characteristics, interests, or lifestyles, companies can tailor their marketing strategies to appeal to this group and differentiate themselves from competitors. This approach can help companies build brand loyalty and increase sales among their target market.
Therefore, option D is the correct answer.
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hiring quality employees enhances internal controls because they . multiple select question. will accept lower wages are most likely to act dishonestly are able to perform tasks as expected are able to rotate jobs
Hiring quality employees enhances internal controls because they (C) are able to perform tasks as expected and (D) are able to rotate jobs.
Quality employees are those who possess the necessary skills, experience, and work ethic to perform their jobs effectively and efficiently. When a company hires quality employees, it can expect them to follow established policies and procedures, work with integrity, and take ownership of their responsibilities. This, in turn, can help to improve internal controls and minimize the risk of fraud or errors.
Additionally, quality employees are often capable of rotating jobs within the company, which can help to improve internal controls by providing cross-training and ensuring that multiple employees are familiar with key processes and procedures.
Therefore, the correct answers to the multiple select question are:
C: Are able to perform tasks as expected
D: Are able to rotate jobs
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Assume an investor acquired 100% of the voting common stock of an investee on January 1, 2015 in a transaction that qualifies as a business combination. As a result of the acquisition, the investor recognized no goodwill and no bargain purchase gain in the post-acquisition consolidated financial statements (i.e., all of the resulting Acquisition Accounting Premium relates to identifiable net assets). The investor uses the equity method to account for its pre-consolidation investment in the investee. In addition, there are no intercompany transactions between the investor and investee. The following summarized pre-consolidation financial statement information is for the year ending December 31, 2022: Income Statement Investor Investee Revenues $2,343,600 $322,560 Income from investee 148,680 -
Expenses (1,890,000) (163,800)
Net income $602,280 $158,760 Retained Earnings Statement Investor Investee Retained earnings, January 1 $756,000 $37,800 Net Income 602,280 158,760 Dividends declared (63,000) (37,800) Retained earnings, December 31 $1,295,280 $158,760 Balance Sheet Investor Investee Investment in investee $297,360 $- All other assets 4,828,320 403,200 Total assets $5,125,680 $403,200 Liabilities $3,024,000 $156,240 Common stock & APIC 806,400 88,200 Retained earnings 1,295,280 158,760 T
otal liabilities and equity $5,125,680 $403,200 What amount of "total assets" will appear in the consolidated balance sheet at December 31, 2022? Select one: a. $5,125,680 b. $5,281,920 c. $5,528,880 d. $4,828,320
Therefore, the correct answer is (b) $5,281,920.
The consolidated balance sheet will include the assets, liabilities, and equity of both the investor and investee. Since the investor owns 100% of the voting common stock of the investee, the consolidation will result in the elimination of the investment in the investee account and the inclusion of the underlying assets and liabilities of the investee.
Based on the given information, the consolidated balance sheet at December 31, 2022 will include the following:
Investor's assets: $5,125,680
Investee's assets: $403,200
Elimination of investment in investee account: ($297,360)
Total consolidated assets: $5,231,520
Therefore, the correct answer is (b) $5,281,920.
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disney is able to realize cost savings by sharing resources or transferring core competencies across its businesses. this is known as what? a. synergy b. market power c. economies of scope d. vertical integration
We know that Disney, as a company, can save costs by sharing resources through its businesses, this is an example of synergy. Alternative a. is the correct alternative.
Why is it important for a company to have synergy?It is crucial for companies to have synergy since it can significantly benefit their organizations, including reducing expenses and increasing productivity. Collaboration can also enable businesses to acquire knowledge, pool expertise, and save costs.
Through the sharing of assets, resources, and expertise, Disney can lower costs while increasing efficiency, as indicated in the question's context. This is why synergy is critical in business.
In conclusion, alternative a. is the correct alternative.
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a revenue that differs between alternative courses of action and makes a difference in decision-making is called a(n)
A revenue that differs between alternative courses of action and makes a difference in decision-making is called an incremental revenue.
What is incremental revenue?Incremental revenue is the additional revenue generated from selling one additional product, increasing the prices of goods, or providing a new service to a consumer. Incremental revenue, often known as marginal revenue, is crucial in decision-making because it indicates the impact on revenue of a proposed project or initiative.
When a firm evaluates whether to go ahead with a project or initiative, the incremental revenue from the initiative is compared to the incremental cost of implementing the initiative to determine if the initiative is profitable. If the incremental revenue is greater than the incremental cost, the initiative should be implemented since it will generate profits for the company.
If the incremental cost is greater than the incremental revenue, the initiative should not be implemented because it will be a net loss for the company. Therefore, the incremental revenue plays a significant role in decision-making.
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True or False, Your big-screen HDTV would be listed as an asset on your personal balance sheet. However, the loan you took out to buy the TV would be listed as a personal liability.
Any asset on your personal balance sheet represents the resources owned by a person or organization. The loan you took out to buy the TV would be listed as a personal liability. So, the statement is true.
A balance sheet is a financial statement that provides a summary of a company's financial condition at a certain date. It includes assets, liabilities, and owner's equity, which are presented in a formal statement format.
A current liability is a debt that is due within one year, whereas a long-term liability is a debt that is due in more than one year.
A personal liability is a financial obligation that an individual owes to another individual or entity. Personal liabilities can include debts such as credit card debt, student loans, mortgages, and car loans.
These liabilities are typically listed on a personal balance sheet as either a current or long-term liability.
In summary, your big-screen HDTV would be listed as an asset on your personal balance sheet. However, the loan you took out to buy the TV would be listed as a personal liability. Thus it is true.
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when a foreign government seizes an investment, but some reimbursement for the assets is made; often the expropriated investment is nationalized to become a government-run entity
Expropriation is the act of a foreign government seizing an investment and then providing some form of reimbursement for the assets. In this case, the investment is usually nationalized and becomes a government-run entity.
Expropriation typically occurs when a foreign investor's property or assets are seized by a government without their consent. This can happen for a variety of reasons, such as national security concerns or when a government wishes to take control of a strategic industry.
Although some compensation is typically provided to the investor, expropriation can still have a significant impact on the investor's financial position and can lead to strained diplomatic relations between countries.
Expropriation is the taking of an investment by a foreign government, often followed by the nationalization of the investment to make it a government-owned entity. The expropriation process usually involves the government offering some form of compensation to the investor for their assets. However, expropriation can still be a contentious issue and may lead to strained diplomatic relations between countries.
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Jason Inc. maintains a qualified profit-sharing plan for its employees. This year, Jason contributed $2,300 to Ms. Preston's profit-sharing account. Which of the following statements is true?-Jason can deduct the contribution, and Ms. Preston must include the contribution in her gross income-Jason can't deduct the contribution, but Ms. Preston must include the contribution in her gross income.-Jason can deduct the contribution, but Ms. Preston does not include the contribution in her gross income.-Jason can't deduct the contribution, and Ms. Preston does not include the contribution in her gross income.
Jason can't deduct the contribution, and Ms. Preston does not include the contribution in her gross income. The correct option is for Jason can deduct the contribution, and for Ms. Preston not to include the contribution in her gross income.
Jason Inc. maintains a qualified profit-sharing plan for its employees. This year, Jason contributed $2,300 to Ms. Preston's profit-sharing account.
Which of the following statements is true?
The correct option is for Jason can deduct the contribution, and for Ms. Preston not to include the contribution in her gross income.
What is a qualified profit-sharing plan?
A qualified profit-sharing plan is a retirement plan that allows employees to receive a portion of the company's earnings, depending on the plan's terms. The employer makes contributions to the plan's accounts and allocates the profits to the employees based on their compensation or other criteria specified in the plan document.
The option, Jason can deduct the contribution, and Ms. Preston does not include the contribution in her gross income, is correct. Jason Inc. may deduct contributions made to an employee's qualified profit-sharing plan on their taxes, according to the IRS. When the employee receives a distribution from the plan, the contribution is taxable, but it is not taxed as income when it is made.
The other options are incorrect: Jason can't deduct the contribution, but Ms. Preston must include the contribution in her gross income. (This is incorrect since Jason Inc. can deduct contributions made to a qualified profit-sharing plan)Jason can deduct the contribution, but Ms. Preston must include the contribution in her gross income.
Jason can't deduct the contribution, and Ms. Preston does not include the contribution in her gross income. (This is incorrect since Jason Inc. can deduct contributions made to a qualified profit-sharing plan)
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What is the applicable financial reporting framework in the US known as?
The applicable financial reporting framework in the US is known as Generally Accepted Accounting Principles (GAAP).
Financial reporting is the accounting process of creating financial statements that reflect an organization's financial activities to internal and external stakeholders.
Financial reports also provide information on how to manage the finances of a company and how to make investments or get credit for a company. Financial reporting aids in the assessment of a company's financial performance, as well as its liquidity, profitability, and solvency.
Financial reporting helps both company management and external parties to assess the company's financial well-being.
Generally accepted accounting principles (GAAP) are the applicable financial reporting framework in the United States. The accounting principles, standards, and procedures used to prepare a company's financial statements are known as GAAP.
GAAP is a set of rules, standards, and conventions used in preparing financial statements and disclosures. These rules, standards, and conventions help organizations report financial information in a consistent and comparable way.
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A lead strategy involves delaying collection of foreign currency receivables if that currency is expected to appreciate and delaying payables if the currency is expected to depreciate.
T/F
False, this is lag strategy. Lead is paying before, If the currency is expected to devalue, payables are delayed, and if it is expected to gain, receivables are delayed.
A lag strategy is conservative in nature as opposed to the aggressive stance of a lead strategy. When a company uses the lag technique, its capacity will only increase in response to an increase in the actual demand for its products and services. By preventing unnecessary surplus capacity, a lag strategy makes sure a corporation obtains the best return on investment imaginable. Nevertheless, there is a danger: if demand increases and a company cannot meet it right away, it runs the risk of losing both existing and potential consumers to rivals who can.
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As a _____ I will facilitate the Sprint Retrospective at the end of every Sprint so that the entire team can provide feedback and improve for the next Sprint. Select one. A. Product Owner B. Team Member (developer/tester) C. Scrum Master
C. Scrum Master
The Scrum Master is responsible for facilitating the Sprint Retrospective at the end of every Sprint, which allows the team to reflect on their successes and failures from the previous Sprint. During the Sprint Retrospective, the Scrum Master should encourage the team to openly discuss what went well and what didn't, allowing them to identify areas for improvement.
The Scrum Master should ask questions to help the team focus on how the process can be improved, in order to ensure that the team is able to meet their goals in the next Sprint. The Scrum Master should also provide guidance and structure to ensure that the team is able to come to a conclusion that everyone can agree upon. This will ensure that the team is able to deliver quality results in the next Sprint.
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The skills and capabilities that give an organization special competencies and competitive advantages in executing strategies in pursuit of its mission are called organizational ______.
A. opportunities
B. threats
C. strengths
D. weaknesses
Answer:strengths
Explanation:
The skills and capabilities that give an organization special competencies and competitive advantages in executing strategies in pursuit of its mission are called organizational strengths.
What is Organizational strength?
Organizational strengths refer to the resources and capabilities of an organization that can be leveraged for strategic gain, according to strategic management. These may include a wide range of variables, such as intellectual capital, financial strength, human resources, leadership, and organizational culture.
They are considered to be internal characteristics of an organization that offer it a strategic edge in terms of strategy execution. They may include factors such as technical expertise, experience, employee engagement, and other characteristics that enable an organization to develop an efficient business model, make smart decisions, and remain competitive.
Therefore, the correct answer is C.
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suppose that p x y (q) is $5000 million a year and the quantity of money (m) is $500 million. what is the velocity of circulation? responses
Suppose that p x y (q) is $5000 million a year and the quantity of money (m) is $500 million, the velocity of circulation is 10.
The equation of exchange relates the quantity of money, the velocity of circulation, the price level, and the level of real output as follows:
m x v = p x y
where:
m = quantity of money
v = velocity of circulation
p = price level
y = level of real output
We are given that p x y (q) is $5000 million a year and the quantity of money (m) is $500 million. Substituting these values into the equation, we get:
500 million x v = 5000 million
Solving for v, we get:
v = 5000 million / 500 million
v = 10
Therefore, the velocity of circulation is 10. This means that on average, each dollar of money is used to purchase goods and services 10 times per year.
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the economy in part (c) is in short-run equilibrium. if the aggregate quantity of output demanded in this economy is $5 trillion, what must the aggregate quantity of output supplied?
The aggregate quantity of output supplied must be equal to the aggregate quantity of output demanded in order to be in short-run equilibrium, so in this case the aggregate quantity of output supplied must be $5 trillion.
In part (c), the economy is in short-run equilibrium. If the aggregate quantity of output demanded in this economy is $5 trillion, the aggregate quantity of output supplied must also be $5 trillion. A short-run equilibrium is an equilibrium point in which the aggregate quantity of goods and services provided equals the total demand for them. In the short term, prices and wages are fixed.
The economy can be in a short-run equilibrium if the aggregate demand and supply curves intersect at a point where the actual price level is equal to the anticipated price level. Short-term equilibrium refers to a state in which the quantity of goods and services produced equals the total amount of output demanded, and this condition persists in the short run. However, as demand or supply shifts, a new equilibrium point may emerge at a different price level, indicating a long-term equilibrium.
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the tactic that refers to an ad from a site recently visited appears on an unrelated page is called:
The tactic that refers to an ad from a site recently visited appears on an unrelated page is called remarketing.
What is remarketing?
Remarketing is a technique that helps websites in advertising their products or services to users who have previously visited their site.
It is a highly effective advertising technique that relies on the principle that the majority of people do not make a purchase the first time they visit a website.
As a result, by showing highly personalized advertising to individuals who have already shown interest in a particular product or service, a company can increase its chances of making a sale or obtaining a lead.
Marketing firms that use remarketing technology can identify which of their users have interacted with their websites previously using cookies.
They can then use this information to deliver targeted advertising to users across a variety of websites and devices.
This advertising is tailored to each individual's interests and browsing history and is delivered to them wherever they are on the web. Remarketing is regarded as one of the most effective advertising tactics currently available.
A tactic is a plan or action intended to achieve a specific goal. In marketing, tactics are actions taken by companies to promote their products or services to a specific audience.
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