Which of the following accounts has a balance equal to Net Income immediately before it is closed? A) Income Summary B) Owner's Name, Withdrawals

A. The importer-wholesaler traditionally performs most of the marketing functions.

In an import-oriented or traditional distribution structure, an importer controls a fixed supply of goods, and the marketing system develops around the philosophy of selling a limited supply of goods at high prices to a small number of affluent customers.

Advantages of Importing:

Also the importer can have the much cheaper products from the foreign market due to low labor cost, low taxes etc. in terms of quality, the importer can have the higher quality goods and produce the finished goods with high quality and extend the business profit margins.

To know more about wholesaler visit:

https://brainly.com/question/28256108

#SPJ4

It is wrong to determine a company's gross income as sales less returns and discounts.

Gross revenue is the amount generated by a business before any costs are subtracted, whether they are one-time expenses like the cost of items sold, which are directly associated with a particular product, or ongoing expenses like the salary of administrative employees. The sum of a company's sales during a certain time period is, in essence, its gross income. The difference between a company's gross revenue and its cost of goods sold is its gross income (COGS). If a business reported product sales of $500,000 and manufacturing costs of $100,000, its gross income would be $400,000. It is wrong to determine a company's gross income as sales less returns and discounts.

Learn more about Gross income here:

https://brainly.com/question/29533164

#SPJ4

An initiative of the United Nations Economic and Social Council, the Asian Highway Network is often referred to as the Great Asian Highway.

To simplify gradient-based training of very deep networks, a network architecture known as a highway network is developed. They enable unrestricted information flow across several layers on "information highways." The design is determined by the use of gating units, which can be taught to manage the information flow through a network. In summary, a good road network makes it possible for people to travel more quickly and effectively by improving accessibility to areas and bringing people closer together. The Great Asian Highway, commonly known as The Asian Highway Network, is a program of the UN. The United Nations Economic and Social Commission for Asia and the Pacific, countries in Asia, and governments in Europe launched the Asian Transportation Network.

Learn more about Network here:

https://brainly.com/question/26652172

#SPJ4

The move by Philip Morris International (PMI), the industry-leading tobacco company, to invest billions in creating a smoke-free future is an example of strategy innovation.

A business's goals for innovation, value delivery, and competitive advantage are met through using resources in accordance with an strategy innovation. An examination of a company's technology and competitive environment should be part of every strategy. its prospects and challenges from outside. The goal of innovation is to produce new value, such as fresh approaches to adjust to shifting sectors or address pressing social, health, or economic issues. A strategy is a plan that explains in great detail how you will realise your goal. An organisation must be able to use the technology in creative ways. Businesses that can't expand in this constantly shifting world risk failure. Therefore, one of the most crucial elements of a firm is its strategy.

learn more about strategy innovation here

https://brainly.com/question/28582212

#SPJ4

Don's suit is derivative suit.

A shareholder secondary suit is a action brought by a shareholder on behalf of a  pot against a third party. frequently, the third party is an bigwig of the  pot,  similar as an administrative officer or director. Shareholder secondary suits are unique because under traditional commercial law,  operation is responsible for bringing and defending the  pot against suit. Shareholder secondary suits permit a shareholder to initiate a suit when  operation has failed to do so. To enable a diversity of  operation approaches to  pitfalls and  support the most common forms of commercial rules with a high degree of admissible  operation power,  numerous  authorities have  enforced  minimal thresholds and grounds( procedural and  substantial) to  similar suits.

To know more about derivative suit, visit: brainly.com/question/22810654

#SPJ4

Georgia's waterway systems, which include ports and rivers, serve as social transportation systems by constructing national infrastructure that supports domestic and international trade, business, and leisure. In recognition of this critical purpose, the federal government has assumed responsibility for the creation, maintenance, and secure operation of shipping channels.

How have the nation's mountain and river systems influenced the development of the United States?

The United States' waterways and mountains, like the rest of the world, have had a significant impact on where people settled and how towns and cities interacted with one another. Because of the relative isolation and shared geography created by mountain ranges, large mountain ranges served as natural barriers between groups, resulting in the development of distinct regional shared cultures. Rivers, on the other hand, linked communities through ease of travel, trade, and shared access to water and other natural resources.

To know more about Waterways visit:

https://brainly.com/question/28524420

#SPJ4

The USP organization offers optional testing and labeling for goods that adhere to their quality standards.

The United States Pharmacopeial Convention, a nonprofit organization that also owns the trademark and copyright for the pharmacopeia itself, publishes a pharmacopeia for the United States each year under the name United States Pharmacopeia (USP). The USP-NF, which combines the USP with the National Formulary, is published. A drug ingredient or drug product must adhere to the relevant USP quality standard in order to carry the designations "USP" or "NF." Animal and human medications must meet USP standards. If a medication or a component of a medication with a name specified in USP-NF does not satisfy compendial standards for strength, quality, or purity, it is considered contaminated. Federal law in the US also takes into account USP-NF norms.

Learn more about USP from

brainly.com/question/29561720

#SPJ4

The expansion of empires and the growth of industrial capitalism have greatly increased global exchanges.

Corporations in developed countries benefited from imperialist power over the rest of the world, especially by encouraging colonized and dependent territories to concentrate on exporting goods.

Commodities are often raw materials or agricultural products such as oil, gold, wheat and coffee, but also include capitalism processed products such as steel and textiles.

Commodities are bought and sold on commodity markets where prices are determined by supply and demand. Commodity prices tend to fluctuate due to factors such as changes in demand, weather and political events.

Know more about Commodities here:

https://brainly.com/question/23132703

#SPJ4

There have previously been three main asset classes, however today's financial experts widely concur that there are four major asset classes:

Equities (stocks)

debt and fixed income (bonds)

Cash equivalents and money markets.

Real estate and material possessions.

Financial assets, sometimes referred to as financial instruments or securities, are an example of intangible assets. They are widely used as a means of financing the purchase of moveable assets like machinery and real estate. Some of the safe asset categories that have traditionally been utilized often include real estate, cash, Treasury bills, money market funds, and mutual funds that invest in U.S. Treasury securities. Risk-free investments, such as national debt instruments issued by industrialized country governments, are considered the safest investments.

For such more question on assets.

https://brainly.com/question/27972503

#SPJ4

Your return on investment is 8%, because the loan rate is 8%.

Investment is the process of putting money into an asset or business with the expectation of making a return, usually in the form of interest, dividends, or capital gains. Investment can also refer to the purchase of goods or services that are expected to appreciate in value.

The initial margin requirement is 50%, so you need to borrow $5,000 to purchase the $10,000 worth of stock. The interest rate on the loan is 8%, so the interest you pay on the loan is ($5,000 x 8%)/2 = $200.
If Telecom goes up 10%, the stock price increases from $50 to $55. You will make a profit of ($10,000 x 10%)-$200 = $800.
The minimum price Telecom can hit before you receive a margin call is $45. This is because the initial margin requirement is 50%, so the stock price must stay above $45 ($10,000 x 50%) for you to not receive a margin call. If it drops below $45, then you will receive a margin call.

To learn more about investment
https://brainly.com/question/20360874
#SPJ4

If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance. If the borrower makes payments late, the co-credit signer's may also suffer.

If you're a co-signer, the following typical ways could have an impact on your credit score: Late or missed payments: If the primary account holder fails to make payments, the co-signers are obligated to do so. Your credit rating could be affected if the consignee fails or makes late payments.

You don't acquire ownership rights to the home, automobile, or even other security that now the loan is used to purchase by signing on as a co-signer. As the financial guarantor, you are responsible for seeing that the loan is repaid in the event that the primary borrower is unable to.

To know more about co-signer visit:

https://brainly.com/question/28995136

#SPJ4

The resources are time, money and attention.

An individual who purchases goods and services from a vendor is referred to as a consumer. Although human desires are limitless, the resources required to fulfil them are scarce. As a result, consumers are forced to choose a trade-off.

The opportunity cost of a decision is a trade-off. When a consumer decides to consume one good over others, they are giving up an option. Consumers who are rational would pick the good that provides the most utility.

Consider a consumer who has $100, for instance. The buyer can choose between buying pants or an economics book with the money. The option with the higher utility would be picked by the customer. This is a case of a trade-off.

To know more about resources click here

brainly.com/question/28605667

#SPJ4

Option D is the correct option.

Gift loans cover loans between friends and family, but not between couples. Additionally, loans under $10,000 will not be subject to this rule as long as they are not for assets that generate revenue.

You could decide to lend money to a relative who is beginning a company. It's a good idea to document and arrange any loans you consider giving to family members so that everyone is on the same page. You understand what is best for your family, in any case.

In most situations, a "loan" that the IRS regarded as a gift will not require you to pay taxes. Only when your lifetime donations to all recipients surpass the lifetime gift tax exception do you become liable for gift taxes. That cap is $11.7 million for tax year 2021 (rising to $12.06 million in 2022). That indicates that most individuals are secure.

To know more about Gift loans visit :

https://brainly.com/question/14956567

#SPJ4

Note the correct question would be as bellow,

Which of the following interest-free loans would result in imputed interest between the parties to the loan when the federal rate is 5%?

A)George borrows $12,000 from his employer, Pelican Fisheries, Inc., to pay education expenses for his daughter, and George has investment income in the same year of $330.

B)Carla lends her friend, Lois, $8,000 to buy a house generator, and Lois has investment income of $2,200 for the year.Hope borrows $120,000 from her father for an addition to her home.

C)Hope has $4,600 in investment income in the same year.

D)Prakash lends his wife, Smita, $50,000 to start a small business from home

Product Features are the material and immaterial attributes that a firm incorporates into its products.

Product features are specific, updated functional aspects of a product that add value for your customers. Features of a product can include attributes, elements, user interface layouts, and performance improvements.

Ownership of the final product and the product plan rests with the product managers. A significant portion of the role entails assessing, specifying, and prioritizing features. Other details that features may include include timing, status, and assignees, however you should normally be aware of each of them for any specific feature. In the process of developing new products, businesses create new features to satisfy consumer demands and improve end users' experiences. Design, quality, utility, and other characteristics of a product

To know more about Product manager visit: https://brainly.com/question/16938457

#SPJ4

Rent is an example of a fixed cost

The commissions paid per time period of the following measures would not help managers to control and improve operations.

A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.

The term refers to that commissions paid per time period pay commission monthly, quarterly, or annually. A business may want to wait until the sales contract is signed and finalized.

Therefore, Thus option (D) is correct. As commissions paid per time period may not help the managers to control or improve.

Learn more about cost here:

https://brainly.com/question/15135554

#SPJ1

The fictitious payee rule states that a drawer or maker is liable on a forged or unauthorized indorsement.

A commercial law principle known as the "fictitious payee rule" states that a forgery of the payee's name will be able to transfer good title to subsequent transferees if a drawer or maker issues commercial paper to a payee who the drawer or maker does not actually intend to have any interest in the instrument.

When an instrument is "payable to the order of a fictitious or non-existent person and such fact was known to the person making it so payable," it is considered payable to the bearer. "s In the early cases, rather than the agent, the instrument's drawer provided more frequently than in later cases.

To learn more about unauthorized indorsement here:

https://brainly.com/question/17406414

#SPJ4

Check the boxes that apply to you. For consumers and producers, they resulted in freedom of choice. For consumers, they sparked free competition.

To learn more about Adam Smith refer to :

https://brainly.com/question/20782413

#SPJ4

The price of a notebook is $7, while the price of a t-shirt is $12, during a student government fundraiser. If 60 products were sold for a total of $540, 36 notebooks were sold.

A sale is a transaction in which commodities or services are exchanged for cash along with additional considerations. In other words, a sale is any action that involves giving the buyer ownership of a product in exchange for cash.

Sales refer to any transactions where money or value is exchanged for the right to own a good or access to a service, as utilised in regular company operations. In the context of accounting, sales refer to the revenue a business generates from the sale of goods or services (net sales).

Your sales team can complete a sales cycle by adhering to a series of critical steps known as a sales process.

Let x represent the quantity of sold notebooks and y represent the quantity of sold t-shirts. The following equations are then present:

x + y = 60  I ( i )

7x + 12y = 540 (ii)

Using the elimination procedure, we can find the values of x and y.

In order to remove x, we can multiply the first equation, x+ y =60, by -7and then add it to the second equation:

-7x - 7y = - 420

7x + 12y =  540

——————————-

0x +5y = 120

Next, multiply both sides by 6 to obtain y:

y = 120/ 5

y = 24

In order to obtain x, we can now enter y = 10 into the first equation:

x +24 =60

x = 60- 24

x = 36

To learn more about Sales refer to:

https://brainly.com/question/25743891

#SPJ4

Answer:

D

Explanation:

tombs

Answer:

D

Pharoahs needed to be buried under the pyramids, which would make them tombs

The adjustment for overapplied overhead decreases cost of goods sold and increases net income.

Net income refers to the amount of money a company earns after all expenses and taxes have been subtracted from its total revenue. It is also known as "net profit" or "bottom line." This figure is used to measure a company's financial performance and is important for investors and analysts to consider when evaluating a company's overall health.

Overapplied overhead happens when costs caused are not as much as what an organization represents in its financial plan. This implies that an organization comes in under financial plan and accomplishes a lower measure of above costs during the bookkeeping time frame.

Know more about Overapplied overhead - https://brainly.com/question/26466781

#SPJ4

President Obama was implementing monetary policy when he tried to affect the economy by reducing taxes and government spending government expenditure.

The Federal Fed's actions and utterances to advance healthy economic growth, stable prices, as well as moderate long-term interest rates—the three economic objectives that the Congress has directed the Federal Reserve to pursue—combine to form monetary policy within the United States.

Implementing monetary policies The Fed will add money to the reserves as banks are required to maintain with it if, for instance, it purchases or borrows Treasury notes from commercial banks. In turn, the money supply increases.

To know more about monetary policy visit :

https://brainly.com/question/29694955

#SPJ4

Commercial building construction industries would be most likely to use a job costing system. so correct answer is A.

In order to keep track of a company's expenses, a costing system was created. The system consists of a number of forms, procedures, checks, and reports that are made to compile and provide management with information on profits, expenses, and revenues. Lean accounting, activity-based costing, standard costing, and marginal costing are some examples of cost accounting types. The traditional costing system and the activity-based costing system are the two fundamental costing methods that assist in identifying all direct and indirect costs so you can determine prices with accuracy.

To know more about Costing System visit:

https://brainly.com/question/13450769

#SPJ4

If the value of one US Dollar is equal to that of one EU Euro, then an inflation would be a result of the situation wherein the citizens of the United States purchase more goods from the European Union at lesser monies. Therefore, the option C holds true.

The inflation is usually understood as a concept that leads into increase in the prices of goods in an economy, and thereby leading to a decrease in the purchasing power of the consumers who belong to that economy. The above condition represents the situation of an increase in the rates of inflation in the European Union.

Learn more about inflation here:

https://brainly.com/question/14619039

#SPJ4

Complete question

If one U.S. dollar equals one euro, which of these could result if the euro experiences inflation?

E.U. citizens could purchase more goods in the U.S. for less money.

E.U. citizens would purchase large amounts of U.S. stock.

U.S. citizens would purchase more goods from the E.U. for less money.

U.S. citizens would purchase large amounts of E.U. stock.

Answer:

C) U.S. citizens would purchase more goods from the E.U. for less money

Explanation:

I got it right on the test

I believe it is a positive indicator that the VAN DAM industrial group derives 80% of the net result from its financial income. It shows that the business is able to generate revenue and profit through its financial investments, which is a sign of good financial health.

However, it is important to remember that financial income is not the only source of income for a business, so it is important to consider other sources of income. It is also important to understand the reasons why a business is able to generate such a high percentage of its income from its financial investments. This can help identify strategies and areas of focus that can help the business grow and diversify its revenue streams.

To know more about financial income click here

https://brainly.com/question/16103215

#SPJ4

If an advertiser doesn't want to add remarketing tags to a website, Customer Match would be a good fit for them from your ad accounts and campaigns.

Remarketing is defined as to engaging audiences who have already interacted with your brand, to encourage them to take a desired action that may interest them, such as conversion. Like, products to their shopping cart.

The match of customer feedback is the best fit by the using data from your advertisement accounts.  It saves the amount of money in the new ads and marketing strategy due to the customer match it helps to find the problem.

To know more about remarketing here,

https://brainly.com/question/27994532

#SPJ4

The entries in a schedule of accounts payable would be ordered alphabetically by vendors name.

A schedule of accounts payable is a list of all the vendors in the ledger of accounts payable to whom the business is currently indebted, together with the balances of their current accounts. In other words, the accounts payable schedule is a list of everyone to whom the company owes money in the accounts payable systems in alphabetical order.

There are two key benefits to using the accounts payable schedule. This schedule, first and foremost, enables managers as well as the accounts payable division to keep track of and arrange the vendor accounts that need to be paid. For instance, the majority of manufacturers and retailers purchase inventory and products from other companies.

Cash payments for these transactions are uncommon. Instead, the buying business merely places the acquisition on credit and pays the vendor within 30 days well after purchase. This technology accelerates corporate operations and makes it simpler for enterprises to purchase things.

To know more about Schedule of accounts payable, check out:

brainly.com/question/26104681

#SPJ1

Answer: d. by date due

Explanation: I just took the test.

The total cost for a 45-person private party at the restaurant is $775. Medicare is broken into several segments based on what each part covers.

It is described as the relationship between two variables, and a straight-line result from plotting the graph of the linear equation. If there is just one variable included in the equation, it is referred to as a linear equation in one variable. In third-party-payer markets, there are differences between the parties who get the commodities and those who make the payment. Currently available platforms called third-party marketplaces allow vendors to offer their products or services for sale on a third party's website or application. The largest third-party payer, Medicare, is provided by the federal government. Medicare is broken into several segments based on what each part covers.

Learn more about Linear equations here:

https://brainly.com/question/20082205

#SPJ4

multinational corporations share their resources and what are their reasons for selecting that medium 1=online database and 2=reduces costs.

MNC, or multinational corporation If a corporate entity owns and controls the production of goods or services in at least one country other than its home country, it is referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation, or a stateless corporation with nuanced but contrasting meanings. For an MNC to be distinguished from foreign portfolio investment firms, such as some international mutual funds, which invest in foreign enterprises solely to diversify financial risks, control is regarded as a crucial component. A business or organization should be considered a multinational corporation "if it receives 25% or more of its revenue from out-of-home-country operations," according to Black's Law Dictionary.

Learn more about multinational corporations here:

https://brainly.com/question/14249780

#SPJ4

The complete question is here:

Select the correct answer from each drop-down menu.

How do multinational corporations share their resources and what are their reasons for selecting that medium?

Multinational corporations use _1_ to share their resources with all their employees because it _2_

A sales contract rider was incomplete because of Agent Mary. Her client suffered a $300 loss as a result of this. Agent Mary behaved in a negligent manner.

An agency is a legal arrangement whereby one person, the principal, appoints another person, the agent, to act on their behalf and gives them the authority to carry out any legal actions that the principal may carry out on their own.

An "agent" is a person who is hired to perform any task for another or to speak on another person's behalf. The term "principal" refers to the person for whom the act is performed or who is so represented.

To know more about negligent visit:-

https://brainly.com/question/8422708

#SPJ4