In the US Balance of Payments accounts, a $850 million purchase of crude oil from Saudi Arabian by Exxon (a US company), should be treated as a debit to current account.
The balance of payments (BOP), sometimes known as the balance of international payments, is a statement of all transactions that occurred between entities in one country and the rest of the world over a certain time period, such as a quarter or a year.
It outlines all interactions between individuals, businesses, and governments within a country and individuals, businesses, and governments outside the country.
BOP transactions include imports and exports of goods, services, and capital, as well as transfer payments such as foreign aid and remittances.
The international accounts of a country are comprised of its balance of payments and net international investment position. The balance of payments classifies transactions into two accounts: current and capital.
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the front office, housekeeping, concierge, security, and communications all belong to which division? group of answer choices human resources food and beverage sales rooms
The front office, housekeeping, concierge, security, and communications all belong to the Rooms division in the hospitality industry. So, the correct option is D.
The Rooms division is responsible for the day-to-day operations of the guest rooms and public areas of a hotel or resort. This division is responsible for providing guests with a clean, comfortable, and safe place to stay, as well as assisting with their needs and requests.
The front office is the main point of contact for guests, and is responsible for check-in and check-out, room assignments, and billing. The housekeeping department is responsible for cleaning and maintaining the guest rooms.
The concierge provides guests with information and assistance, such as making restaurant reservations or arranging transportation. The security department is responsible for ensuring the safety and security of guests and employees.
The communications department is responsible for managing the hotel's telecommunications systems, such as phones and internet access. Together, these departments work to provide guests with an enjoyable and memorable experience, which is an important factor in their satisfaction and loyalty to the hotel or resort.
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Complete question is:
The front office, housekeeping, concierge, security, and communications all belong to which division?
a)Human resources
b) Food and beverage
c)Sales
d)Rooms
Monsanto, a division of bayer, is a chemical and biotechnology company that provides seeds, fertilizers, and herbicides to farmers around the world. the company is based in st. louis, missouri, but has administrative and sales offices, manufacturing plants, seed production facilities, and research centers around the world. What level of international activity best describes monsanto?
The level of international activity that best describes Monsanto is a multinational business.
What are multinational companies?They are companies that are focused on expanding their business beyond their home countries, that is, they are companies present in different countries with the objective of conquering different markets, competitive advantages and profitability.
Portanot, multinational companies such as Monsanto, which have offices around the world, are consequences of the globalization process, which has tightened economic relations between nations.
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You invest $100 into a CD offering 5% APR with semi-annual compounding How much money will you have in the account after 1 year? 1 point
The money you'll have $105.25 in the account after a year.
The interest rate that is applied to a loan or other financial product over the course of a year, with interest compounded twice a year, is known as the Annual Percentage Rate (APR) with Semi-Annual Compounding.
It follows that the interest rate is determined twice a year, at the start and the end of the year, and that the interest is added to the loan's principal sum.
Since the interest rate is applied less frequently, the APR with semi-annual compounding is typically lower than the APR with annual compounding.
It gives a more accurate reflection of the loan's or investment's actual cost, this rate is frequently used to compare various loan or investment packages.
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he degree to which people have access to goods and services that make their lives easier, healthier, safer, and more enjoyable is called the
It is called the Standard of living. This measures the level of comfort and convenience of individuals or societies, based on access to goods and services.
Standard of living is an important measurement of a society's wellbeing and success. It is a measure of the level of comfort and convenience of individuals or societies based on their access to goods and services that make their lives easier, healthier, safer, and more enjoyable. This can include access to education, healthcare, housing, transportation, employment, and leisure activities. A good standard of living is essential for citizens to achieve their full potential, as well as providing a sense of security and wellbeing.
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what are the basic aspects for structuring work processes in organizations? each correct answer represents a complete solution. choose all that apply.
The basic elements of structuring work processes in organizations include work specialization, departmentation, a chain of command, a span of control, centralization/decentralization, and formalization.
Organizational structure is the spine of all the operating strategies and workflows at any business. It specifies the position and the role of each employee in the business and is pivotal to organizational growth. A clear arrangement allows every team partner to be entangled. Work specializations define how accountabilities are separated between employees established on the job description. Documentation is a deception of grouping professionals on the origin of the job description, skills, background, or other aspects that relate to them.
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a company pays each of its two office employees each friday at the rate of $100 per day for a five-day week that begins on monday. if the monthly accounting period ends on tuesday and the employees worked on both monday and tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
the month-end adjusting entry to record the salaries earned but unpaid is: Debit salaries expense $400 and credit salaries payable $400
Total no. of employees=2
Salary per day =$100 per day
Month ends on tuesday and no . of working days = monday and tuesday(2)
Salary payable for the month end=2 employees*$100 per day *2 days
=$400
Entry for salary payable
salary Dr 400
Salary payable Cr. 400
An employment contract may include a salary clause as a type of recurring payment from an employer to an employee. In contrast, piece wages are paid separately for each work, hour, or other unit rather than on a regular schedule. Salary may also be seen from the perspective of operating a corporation as the expenditure of obtaining and keeping employees to carry out operations; this is known as a personnel expense or salary expense. Payroll accounts are used in accounting to record salaries.
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surface co. is an online retailer of electronic products, including laptops and tablets. the company has a reputation for its unique approach to customer support; surface co. is known for going above and beyond in satisfying customer complaints and issues. what kind of a strategy is surface co. using?
The customer centric strategy may be used to characterise Surface co. approach to customer service. This strategy emphasises putting the client first and prioritising their pleasure.
Tablets and laptops are among the electrical goods sold by Surface online. The business adopts a customercentric strategy, emphasising client happiness and going above and beyond to address client grievances and difficulties. This strategy fosters solid client loyalty and generates favourable word ofmouth referrals. Surface Co. may have long-term success by successfully resolving customer concerns as well as decreased customer turnover and improved customer retention.Tablets and laptops are among the electrical goods sold by surface co. online. The business is well known for its distinctive method of customer service; Surface Co. is renowned for going above and
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a client uses a suspense account for unresolved questions whose final accounting has not been determined. if a balance remains in the suspense account at year end, the auditor would be most concerned about
The auditor would be most concerned about suspense debits that management believes will benefit future operations.
Management is the process of planning, organizing, directing, and controlling the activities of an organization or a group of individuals to achieve specific goals and objectives. It involves coordinating the efforts of people, utilizing available resources, and making decisions that affect the overall performance and success of the organization.
Management is a vital aspect of business and organizations, as it helps to ensure that resources are used effectively and efficiently. Effective management can lead to improved performance, increased productivity, and higher levels of customer satisfaction.
Management can also refer to the group of individuals responsible for overseeing and making decisions within an organization. These individuals typically hold leadership positions and are responsible for setting and achieving organizational goals, as well as ensuring that the organization operates effectively and efficiently.
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You are the manager in charge of global operations at BankGlobal – a large commercial bank that operates in a number of countries around the world. You must decide whether or not to launch a new advertising campaign in the U. S. Market. Your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on U. S. Operations. In addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the U. S. Advertising campaign were launched. Your goal is to maximize BankGlobal’s value. Should you launch the new campaign? Explain
As a manager at BankGlobal with the goal to maximize BankGlobal's value, I will take the risk of launching an ad campaign in the US market because the positive impact will be enormous, according to the accounting team's calculations.
The estimated losses from the US team are losses that will be covered in the coming year, because increasing the Bank's global value will have a significant impact on the company's future, the benefits of which will be felt in the coming years (long-term profits). The courage to take big steps will result in some losses, but we must consider the long-term benefits and the importance of the company's name in the world.
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which of the following is not a key assumption of cost-volume-profit analysis? multiple choice costs must be fixed. production and sales are equal. changes in total cost are strictly due to changes in volume. total costs and revenues can be depicted with a straight line.
Costs must be fixed; CVP assumes that all costs must be either fixed or variable; nevertheless, this is not a core premise of cost-volume-profit analysis.
Cost-volume-profit (CVP) analysis is a method for examining how changes in variable and fixed costs impact a company's profit. Companies can use CVP to calculate the number of units they need to sell to break even or reach a specific profit margin (pay all expenditures). The stability of the sales price, stable expenses, and variable costs per unit are a few of the presumptions employed in CVP analysis. The CVP formula can also be used to calculate the breakeven point. The number of units that must be sold or the amount of sales revenue required to cover the costs involved in producing the good is known as the breakeven point.
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the return rate for each year of a 3-year investment are 3.1% (.031), 1% (.01), and 2% (.02). if the returns are compounded annually, what is the compounded rate of return over the 3 years? round to 2 decimal places.
If the earnings are compounded annually, the compounded earnings for 3 years is Rs. 15,000.
Let the amount be Rs. X
∴ The amount of Rs.x after the first year at an interest rate of 3% per annum.
Rs.x×(1+3100)=Rs.103x100
∴Year 2 Principal = Rs.103x100
Again, with compound interest of 2% per annum,
Rs. 103 x 100 amount
1 year = Rs.103x100(1+2100)=Rs.103x100×102100
∴Year 3 Principal = Rs. 103 x 100 x 102100
Currently, it operates at a compound interest rate of 1% per annum.
Rs.103x100x102100 amount
1 year
=Rs.103x100x102100x(1+1100)
= Rs.103 x 100 x 102100 x 101100
=Rs.101×102×102100×100×100.x
According to the question 101 × 102 × 103100 × 100 × 100.x = 15916.59
⇒x=15916.59×100×100×100101×102×103
⇒x=15000
∴Amount Required = Rs.15000
Dividend growth rate is the annual rate of growth that a particular stock's dividends experience over a specified period of time. Many mature companies strive to regularly increase the dividends paid out to their investors. Knowing the dividend earnings rate is an important input into the stock valuation model known as the dividend discount model.
Dividend Growth Calculates the average annual increase in dividends paid out by a company.
To value a stock using the dividend discount model, we need to calculate the dividend growth rate.
A history of large increases in dividends can mean that future dividend increases are likely, which can indicate long-term profitability.
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a $300,000 bond was redeemed at 98 when the carrying amount of the bond was $292,000. the entry to record the redemption would include a
The entry to record the redemption would include a loss on bond redemption of $2,000.
We have given in the question,
Bond = $300,000
Redeemed at = 98
Carrying value of bond = $292,000
To find out,
entry to record the redemption would include
Solution,
we know here that the Redemption value is
Redemption value = bond × redeemed
Redemption value = $300,000 ×98%
Redemption value =$294,000 ................1
and here Carrying value is $292,000
so we paid the excess amount which is
paid excess amount = $294,000 - $292,000
paid excess amount = $2000
Therefore, The entry to record the redemption would include a loss on bond redemption of $2,000.
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How might you work to get your products into those new outlets? What are some strategies you might form?
As the outlet is defined as a store, Which sells slightly or damaged outdated goods, from a particular manufacturer. When the goods are made in greater quantity.
What are the goods?The term Goods are products and resources that satisfy people's needs and wants. A good can be a natural science object, a provided service, or some accumulation of the two. Just about anything is good if it supplies some kind of benefit to consumers.
As the outlet stores mainly, Sell goods that are in overstock, That were made in the past season there are mainly the outlets that mostly sell the products, There are some vendors also there which create familiar-looking items is there at a lower cost.
Therefore, As a result, The outlet is a place where the damaged goods are sold.
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Dallas Wong is an employee who receives educational assistance in the amount of $10,250 per year. Required: How is this amount treated for tax purposes?
During the project review phase of the new product development process, a full screen employs some sort of scoring model and resulting in a choice to proceed with development but never to quit.
The "fuzzy front end" of the innovative product development and commercialization process is often referred to.
The goal should be to develop a large number of worthwhile ideas that will serve as the backbone for the New Product Innovation approach.
This phase is not about coming up with foolproof concepts that are ready to go. Instead, unproven and uncooked ideas that can be refined later should be shared.
When an issue has been recognized, it is time to consider potential solutions. There should be possible New Product Development opportunities for every consumer concern.
Make a comparison chart that lists all of the challenges and solutions that were shortlisted. Distribute the findings around the organization to create a viable problem set.
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chapter 13 bankruptcy stays on your credit report for..
Information about a specific account is erased from your credit report seven years after the account's final activity, except for Chapter 13 bankruptcy, which stays on your credit report for 10 years.
For seven years, any late payments will show up on the credit record. Based on when the delinquency happened, the 7-year rule was established. Whether you made the account current after the missing payment determines whether a whole account will be terminated.
The late payments that are more than seven years old will be erased if the account is brought current, but the remainder of the account history will be kept. This is standard procedure, with the exception of Chapter 13 bankruptcy, which has a 10-year impact on your credit record.
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The following question may be like this:
Individual account information is removed from your credit report seven years after the last activity on the account, except for chapter 7 bankruptcy, which stays on your credit report for:
turbine industries breaks down its manufacturing process into smaller segments that are performed by employees who are trained very well. this also helps the firm to save time because this way the employees do not need to juggle between various tasks. this scenario best illustrates .
This scenario best illustrates the concept of job specialization and division of labor in manufacturing. By breaking down its manufacturing process into smaller segments and training employees to perform specific tasks, Turbine Industries is able to improve efficiency and save time.
Job specialization is a method of organizing the production process by dividing tasks into smaller, more specialized segments. This involves assigning specific tasks to individual employees, who become experts in performing those tasks. The goal of job specialization is to increase efficiency and productivity by allowing employees to focus their efforts on performing a specific task with high quality and speed. It also enables the use of specialized equipment and tools, which can further improve the efficiency and quality of the production process. By breaking down the production process into smaller, more specialized tasks, companies can increase productivity, reduce costs, and improve competitiveness.
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a cpa has been requested by a former audit client to reissue the auditor's report for the prior period. before reissuing the report, the cpa should
An auditor's report is a written statement by an independent auditor that provides an opinion on the financial statements of an organization.
The auditor's report is based on an examination of the financial statements and related records, and is designed to provide assurance to stakeholders about the accuracy and reliability of the financial information.
The purpose of an auditor's report is to enhance the credibility and reliability of the financial statements and to provide an independent assessment of the organization's financial position and performance.
The auditor's report is used by stakeholders, such as investors, creditors, and regulatory agencies, to make informed decisions about the organization. A typical auditor's report will include the following elements:
A statement that describes the financial statements being audited and what the audit's goals are.
A summary of the audit's methodology and scope, including the steps the auditor took to collect and assess the evidence.
An opinion on the financial statements, stating whether the financial statements present a fair representation of the organization's financial position and performance.
A description of any material misstatements found during the audit and how they were addressed.
A mention of any audit scope restrictions or instances when the auditor was unable to find sufficient proof to back up the financial data.
A conclusion that summarizes the results of the audit and the auditor's overall opinion on the financial statements.
Auditor’s Report is a statement of the auditor's professional opinion based on the audit procedures performed and the evidence obtained.
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when uber increased prices by 80% for a certain place and specific time it led to a 100% increase in uber drivers supplying rides. using the percent change in the price and the percent change in the quantity supplied, what is the price elasticity of supply for uber rides?
Uber ride prices are 1.25 times more elastic than supply. By dividing that percentage increase in quantity even by change in its price, the demand price elasticity was obtained.
As a supervisor, one should predict the weather the possible outcomes of a price change using the requirement for your manufacturer's price elasticity.
When the quantity change percentage exceeds the price change percentage, or when the price elasticity is more than 1, it is said that demand is elastic.
In order to predict the anticipated effects of any price change, managers should calculate the demand elasticity of price for their business model.
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jason used his car as collateral to borrow money from his bank. after losing his job, jason is now unable to make his monthly payments for the loan, defaulting on the loan. if jason is unable to continue to make his payments, what is likely to happen to his car?
When Jason defaulted on his loan by failing to make his monthly payments, his bank has the right to repossess his car, as it was used as collateral for the loan.
Repossession is the process by which the lender takes back possession of the collateral in order to recover the amount owed on the loan. The process of repossession typically begins with the lender sending a notice of default to the borrower, indicating that the loan is in default and that the lender has the right to repossess the collateral if the default is not cured. If the default is not cured, the lender will typically send a repossession notice to the borrower, informing them that the collateral will be taken if the borrower does not take action to cure the default. Once the collateral has been repossessed, the lender will typically sell the collateral to recover the amount owed on the loan. The proceeds from the sale will be used to pay off the remaining balance on the loan, as well as any fees and expenses associated with the repossession and sale of the collateral. If the proceeds from the sale are not enough to pay off the remaining balance on the loan, the lender may still seek to collect the deficiency balance from the borrower. In the case of Jason, if he is unable to make his monthly payments and his car is repossessed by the bank, it is likely that the bank will sell the car to recover the amount owed on the loan. Jason will be responsible for paying the remaining balance on the loan, as well as any fees and expenses associated with the repossession and sale of his car.
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roduct positioning relies on blank evaluations of a product's important attributes. multiple choice question. consumers'
Product positioning refers to the place a product occupies in consumer perceptions based on its key attributes compared to competing brands. spirit. Product differentiation refers to how consumers define a product based on its key attributes.
That is, the position a product occupies in a consumer's mind compared to its competitors. Her two key components of product positioning are how customers view the product and how the product compares to its competitors. Product attributes are characteristics that describe an item. Objective and subjective details that help potential customers make purchasing decisions. These include, but are not limited to, technical specifications, design features such as color and size, materials used in manufacturing, and price. Four parts of the positioning statement: target market. Before you can aim and shoot (a marketing effort), you need to know where your target is and what your target is. ... category. Prospects (all of us) need a frame of reference when evaluating a proposed product or service, Differentiation and payment.
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i
would the assumption that goods are perfect substitutes be valid in a study of intertemporal food purchases?
Therefore, in order for the study to be valid, we cannot assume that food products are perfect substitutes. It's frequently a transient foot.
One dollar bills, for instance, can be used in place of other $1 bills. Additionally, butter from two separate producers is also regarded as an ideal equivalent because, although having a different producer, both types of butter serve the same functions.
Perfect goods replacements are two items that have the same applications as one another. In that instance, the utility of combining the two items is a function of their combined quantities in an increasing order of magnitude. A substitute good could be flawless or flawed. An imperfect substitute is a product, whereas a perfect substitute is one that is identical to the original item.
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to grow sales, under armour increased its spending on advertising by 35 percent to increase sales in its current markets. which growth strategy does this represent?
This growth strategy is known as market penetration. Market penetration is a strategy used by companies to increase sales and market share in their current markets. Companies use this strategy to increase sales of existing products or services to existing customers.
By increasing advertising spending, Under Armor seeks to increase the visibility of its products and services and attract new customers in its current markets. This can be achieved by targeting existing customers with promotional campaigns, discounts or free trials. By investing more in advertising, Under Armor hopes to increase the number of customers it has and increase its sales in its current markets.
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because you have taken a leadership course, you know that being a manager, coercive power is only appropriate when:
Coercive power is only appropriate when it is used as a last resort. It should only be used when other forms of power, such as reward and legitimacy, have been exhausted.
Coercive power is a form of power that is used to compel someone to do something that they would not have done otherwise. The use of coercive power can be seen in situations where a manager must take disciplinary action in order to maintain order and discipline in the workplace.
When using coercive power, it is important to ensure that it is used fairly and consistently. This means that the same rules should apply to everyone and that the punishment should be proportional to the offense. It is also important to ensure that all employees are aware of the rules and that these rules are enforced consistently.
In addition, it is important for a manager to understand the implications of using coercive power. This includes the potential for resentment from employees and the possibility of a decrease in morale.
Therefore, coercive power should only be used in extreme cases and as a last resort. Ultimately, it is important for a manager to understand the implications of using coercive power and to ensure that it is used fairly and appropriately.
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after a devastating hurricane, households try to secure loans to repair and rebuild. other things equal, this would lead to
Due to the hurricane's devastation, there will likely be a rise in demand for loans for home repairs, which would often result in an increase in interest rates.
The underlying reason for this rise in home loan rates is the idea of limited resources or loanable funds. When demand declines, the situation is the opposite. An economic theory that describes the price link between dynamic supply and demand is the scarcity principle.
The scarcity principle states that when an item has a low supply and a high demand, its price rises to accommodate the anticipated demand.
Marketers sometimes apply this theory to artificially reduce the supply of a specific good or product—and make it exclusive—in order to increase demand.
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Note: Complete question is
After a devastating hurricane, households try to secure loans to repair and rebuild. Other things equal, this would lead to
an increase in interest rates of home repair loans as the demand for those loans increased. an increase in interest rates of home repair loans as the demand for those loans increased.an increase in interest rates of home repair loans as the supply for those loans decreased.an increase in interest rates of home repair loans as the supply for those loans decreased.a decrease in interest rates of home repair loans as the supply for those loans increased.in quickbooks online, what 4 data points do you need to set up sales tax for a client who only does business in their home state?
To set up sales tax for a client who only does business in their home state in QuickBooks Online, you need to provide the following four data points:
Home state: You need to specify the home state of your client. This is important because sales tax rates vary from state to state, and QuickBooks Online uses this information to calculate the correct rate for each transaction.
Tax agency: You need to select the tax agency that is responsible for collecting sales tax in your client's home state. QuickBooks Online has a database of tax agencies across the US, so you can simply select the correct one from a list.
Tax rate: You need to specify the tax rate that applies to your client's home state. This can be found on the state's revenue department website.
Taxable items: You need to specify which items or services your client sells are subject to sales tax. This information is used by QuickBooks Online to calculate the correct amount of tax to collect and remit to the tax agency.
By providing these four data points, you can set up sales tax for a client who only does business in their home state in QuickBooks Online.
To set up Sales Tax for a client who only does business in their home state in QuickBooks Online.
Here correct answer will be
The sales tax rate, the frequency of filing, the state where the business is located, and the agency that collects the tax. The sales tax rate is the percentage of the purchase price of taxable or services that the customer must pay in sales tax.
The frequency of filing must be determined, as different states have different filing requirements. The state in which the business is located must be specified, as the tax rate and filing frequency will vary depending on the state.
Lastly, the agency that collects the tax must be identified. This information will provide the necessary information to set up Sales Tax for the client within QuickBooks Online.
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Quartz Instruments had retained earnings of $145,000 at December 31, 20X1. Net income for 20X2 totaled $90,000, and dividends for 20X2 were $30,000.How much retained earnings should Quartz report at December 31, 20X2?a. $205,000b. $235,000c. $140,000d. $175,000
Retained Earnings for Quartz Instruments on December 31, 20X2 is $205000.
The amount of net income that remains for the company after dividend payments to shareholders is known as retained earnings (RE). Typically, the management of the company decides whether to keep the profits or distribute them to the shareholders.
To calculate retained earnings add net income to or subtract any net losses from beginning retained earnings and subtract any dividends paid to shareholders.
Retained Earning for Quartz Instruments on December 31, 20X2 =
= Retained earnings on December 31, 20X1 + Net income for 20X2 - Dividends for 20X2
= 145000 + 90000 - 30000
= $ 205000
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bakeco, an nyse-listed food company, has decided to split off its cookie-making operation into a separate corporation. current shareholders will receive one share of the new company, bigcookieco, for each share of bakeco they own as of the record date. this action is an example of
This is an example of a corporate spin-off. A corporate spin-off is a type of corporate restructuring in which a company creates a separate business unit by separating a portion of its operations from the parent .
company and distributing it to existing shareholders as a new company.
This type of corporate action occurs when a company wants to focus on a particular business segment or when it wants to unlock the value of a business unit that is not reflected in the overall company’s share price.
In this case, the parent company, Bakeco, is separating its cookie-making operations into a new company, Bigcookieco, and distributing one share of Bigcookieco for each share of Bakeco owned by existing shareholders on the record date.
This action is beneficial to existing shareholders of Bakeco, who will now have shares of both Bakeco and Bigcookieco, allowing them to diversify their investments.
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increased leverage allows companies to control more assets and increase their roe. what's bad about leverage?
Increased leverage, which refers to the use of debt financing to purchase assets, can indeed allow companies to control more assets and increase their return on equity (ROE).
However, there are also several potential drawbacks to increased leverage. One of the main drawbacks is that increased leverage increases a company's financial risk.
When a company uses debt financing, it must make regular interest payments, which can put a strain on the company's cash flow if business conditions deteriorate. If the company is unable to make these payments, it may face financial distress, such as bankruptcy.
Increased leverage can also increase the volatility of a company's earnings and make its stock price more sensitive to market fluctuations. This is because a large portion of the company's profits is being used to pay interest on debt, leaving less available for other purposes, such as paying dividends or reinvesting in the business.
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baba has a hard time adjusting to america. what does amir wanting to tell mr. and mrs. nguyen about the tree branch for a credit card say about why this is
The information about the tree branch for a credit card seems to be disconnected from Baba's difficulty in adjusting to America, so it is difficult to determine what Amir might be trying to convey through this action.
It could be that Amir is simply trying to resolve a practical issue related to the credit card, and this has nothing to do with Baba's experience of adjusting to America. Alternatively, it could be that Amir is trying to draw attention to the difficulties that Baba is facing and the ways in which these difficulties are impacting him, in the hopes that Mr. and Mrs. Nguyen can offer support or assistance. However, without more information about the context of the situation, it is impossible to determine what Amir's intentions might be.
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annalise will deposit into her investment account $4,500, $0, and $5,500 at the end of years 1, 2, and 3, respectively. what will her account be worth at the end of the year 3 if she earns an annual rate of 4.15 percent?
Annalise's account will be $10,381.25 worth at the end of the year 3 if she earns an annual rate of 4.15 percent.
What is future value?A current asset's future value (FV), based on the estimated rate of growth, is its value at a later time. Investors and financial planners value future value because it helps them determine how much an investment made now will be worth in the future. The worth of a resource at a future date is known as its future value. It calculates the nominal amount of money that an amount of money is "worth" at a specific point in the future under the assumption of a specific interest rate, or more generally, rate of return; it is hence the present value multiplied by the accumulation function.
Given:
Future Value = Present value x (1 + interest rate)^number of periods
FV = [tex]4500 * (1+0.0415)^{(3-1)}[/tex]
FV = $4881.25 + $5500
FV = $10,381.25
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