Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name.
Answers
Gina needed some guidance while she built her company because she didn't know exactly what was involved. She made contact with a well-known restaurant xhain and paid for the right to use its trade name when operating her own restaurant. So, Gina is following single ownership business.
A sole proprietorship, also known as a Single ownership business, is an unincorporated business with only one owner who is responsible for paying personal income tax on the company's profits. Since it's not essential to register a distinct business or trade name, many sole owners operate under their own identities.
Due to a lack of governmental oversight, a sole proprietorship is the most straightforward type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small firms begin as sole proprietorships, grow, and then convert to a limited liability entity or corporation. So when Gina contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name its referred to as single ownership business.
The question is incomplete complete question is:
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name. what kind of business do they belong????
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Related Questions
barb is using a test model of her firm's new inline skates to see if they work according to the design specifications. barb is involved in
Answers
Barb is using a test model of her firm's new inline skates to see if they work according to the design specifications. Barb is involved in alpha testing.
What is alpha testing?To make sure a product satisfies the needs of the company and operates properly, it must initially undergo end-to-end testing known as "alpha testing." It is often carried out in a lab or stage setting by internal staff members. An alpha test verifies that the product actually functions and accomplishes all of its objectives.
While many individual features and components may have undergone "smoke testing" and "unit testing" during the development process, an alpha test is a first chance to assess the performance and full functioning of a specific product release.
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Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have
Answers
Answer: Roughly $110.40
Explanation:
100 x (1.02)^5
The 1.02 is just 100 percent of the number plus the 2 percent interest you make.
Answer:
$110.41
Explanation:
Provided that the interest is a "compounding interest," you will have $110.41 in 5 years. A compounding interest allows you to calculate the interest you can earn on your accumulated interest over time in addition to your deposit.
Let's calculate the interest on a yearly basis.
1. First year = $100 x 20% (0.02) = $2
You have to add $2 to the initial deposit of $100.
$100 + $2 = $1022. Second year = $102 x 20% (0.02) = $2.04
$102 + $2.04 = $104.043. Third year = $104.04 x 20% (0.02) = $2.0808
104.04 + $2.0808 = $106.12084. Fourth year = $106.1208 x 20% (0.02) = $2.122416
$106.1208 + $2.122416 = $108.2432165. Fifth year = $108.243216 x 20% (0.02) = $2.16486432
$108.243216 + $2.16486432 = $110.408 or $110.41After five years, you will have $110.41.
Cowboys DE Demarcus Lawrence agrees to new three-year, $40M deal
Answers
Answer: The Cowboys r signing defensive end DeMarcus Lawrence to a new 3-year deal worth $40 million, according to NFL Network’s Ian Rapoport (IG) and Tom Pelissero. Lawrence will get $30 million guaranteed and he will become the 1st player at his position to have 7 straight seasons of his contract fully guaranteed.
Explanation:
:P
Drag each label to the correct location on the image.
Project manager Anna has to find ways to minimize project costs and risks. Match the ways to minimize the project risk and cost under the correct
heading
identifying harmful events
auditing regularly
controlling and mitigating managing resources
uncertain events
Minimize Costs
prioritizing harmful events
adjusting schedule
Minimize Risks
Answers
Minimize Costs:
Auditing regularly
Managing resources
Minimize Risks:
Identifying harmful events
Controlling and mitigating uncertain events.
How can project costs and risk be minimized?To minimize project costs, project manager Anna can implement regular auditing processes to identify any areas of unnecessary expenditure or inefficiencies. By regularly reviewing the project's financial aspects, she can identify cost-saving opportunities and make adjustments accordingly.
To minimize project risks, project manager Anna can proactively identify potential harmful events or factors that could jeopardize the project's success. By conducting thorough risk assessments, she can identify the key risks and develop appropriate risk mitigation strategies.
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Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $190 May 9: Received cash for meals served to customers, $2,400 May 14: Paid cash for kitchen equipment, $2,500 May 23: Served a banquet on account, $2,000 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,700 May 31: Recorded depreciation for May on kitchen equipment, $340
Answers
Question Completion:
If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
Answer:
Delicious Catering
Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.
Explanation:
Data and Calculations:
Prepaid Rent for 3 months = $1,500
Rent expense for the month = $500 ($1,500/3)
Utilities expense = $190
Service Revenue:
Cash for meals = $2,400
Credit 2,000
Total $4,400
Salary Expense = !,700
Depreciation expense = $340
Kitchen Equipment = $2,500
Income Statement for the month of May:
Service Revenue $4,400
Expenses:
Rent $500
Utilities expense 190
Salary expense 1,700
Depreciation expense 340
Total expenses $2,730
Net Income $1,670
How often should you email your email list?
Answers
As long you feel the need!
If you liked this please give me the brainliest.
DEPENDS ON YOUR NEED
SO ACCORDING TO ME, IT DEPENDS UPON YOUR NEEDS IF YOU NEED TO U CAN EMAIL AROUND ONCE PER DAY BUT IF IT'S NOT THAT IMPORTANT YOU CAN JUST DO IT ACCORDING TO YOUR WISH IT CAN BE ONCE OR TWICE, OR THRICE A WEEK.
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real estate professionals and their buyers should be particularly alert to evidence of the presence of an underground storage tank (ust), such as
Answers
Real estate agents and their purchasers should be especially vigilant for signs of an underground storage tank, such as fill pipes and tainted soil. Thus, the correct answer is to fill pipes and stained soil.
What is the significance of real estate?Real estate is land and buildings, as well as natural resources such as crops, minerals, or water; immovable property of this type; an interest in this piece of real property, structures, or dwellings in general. In law, real refers to land property and is distinct from personal property, whereas estate refers to a person's "interest" in that land property.
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If the reserve requirement is 25%, a new deposit of $1,000 leads to a potential increase in the money supply of
Answers
Based on the information given regarding the reserve requirements, there'll be an increase in the money supply by $4000.
A reserve requirement simply means a regulation by the Central Bank where commercial banks set a minimum amount that must be held in liquid assets.
Since the reserve requirement is 25%, a new deposit of $1,000 leads to a potential will lead to an increase in the money supply of $4000. This was calculated thus:
= $1000 / 25%
= $1000 / 0.25
= $4000
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Real is your boss and the treasurer of Free Cash Flow (FCF). She asked you to help her estimate the intrinsic value of the company's stock. FCF just paid a dividend of GHS 1.00, and the stock now sells for GHS 15.00 per share. Real asked a number of security analysts what they believe FCF's future dividends will be, based on their analysis of the company. The consensus is that the dividend will be increased by 10% during Years 1 to 3, and it will be increased at a rate of 5 5% per year in Year 4 and thereafter. Real asked you to use that information to estimate the required rate of return on the stock
Answers
The required rate of return is 12.97%
What is the required rate of return?
The required rate of return is the rate of return that investors expect from the stock based on its current price GHS 15.00 per share and its forecast dividends.
The stock price is the present value of future dividends discounted at the required rate of return, the unknown
The dividends for the next 3 years would grow at the rate of 10%
Year 1 dividend=1.00*(1+10%)
Year 1 dividend=1.10
Year 2 dividend=1.10*(1+10%)
Year 2 dividend=1.21
Year 3 dividend=1.21*(1+10%)
Year 3 dividend=1.331
Dividend in year 4 and thereafter(forever, that the terminal value) would grow at the rate of 5%
Year 4 dividend=1.331*(1+5%)
Year 4 dividend=1.39755
Terminal value=Year 4 dividend*(1+g)/(r-g)
g=terminal growth rate=5%
r=unknown return
terminal value=1.39755*(1+5%)/(r-g)
share price=1.10/(1+r)^1+1.21/(1+r)^2+1.331/(1+r)^3+1.39755/(1+r)^4+1.39755*(1+5%)/(r-g)/(1+r)^4
we need the value of r such that share price 15.00
Using a trial and error approach, I got 12.97%
share price=1.10/(1+12.97%)^1+1.21/(1+12.97%)^2+1.331/(1+12.97%)^3+1.39755/(1+12.97%)^4+1.39755*(1+5%)/(r-12.97%)/(1+12.97%)^4
share price=15.01
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If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay?
A.
You might get secured credit.
B.
You might have to pay extra money in taxes.
C.
Your credit score might go down.
D.
Your credit score might go up.
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
C
Explanation:
Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.
Answers
The most likely thing for Robyn to do is B. Find a new career outside the legal profession.
Why does Robyn need to leave the legal profession ?Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.
Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.
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Packer Corporation’s year 8 income statement reported $130,000 in income before provisions for income taxes. To compute the provision for federal income taxes, the following year 8 data are provided: Rent received in advance $ 22,000 Income from exempt municipal bonds $ 17,000 Depreciation deducted for income tax purposes $ 18,000 Depreciation deducted for financial reporting $ 10,000 What amount should Packer report as taxable income?
Answers
Answer:
$127,000
Explanation:
Calculation for the amount to be reported as taxable income
Using formula
Taxable income=[Year 8 Income Statement + Rent received in advance -Income from exempt municipal bonds -(Depreciation deducted for income tax purposes-Depreciation deducted for financial reporting)]
Let plug in the formula
Taxable income=[$130,000+$ 22,000 -$ 17,000 -( $ 18,000 -$ 10,000 )]
Taxable income=$130,000+$ 22,000 -$ 17,000 -$8,000
Taxable income=$127,000
Therefore the amount that Packer should report as taxable income will be $127,000
How many kalamata olives come on a whole salad? Enter the exact number.
Answers
Answer: 5
Explanation:
put 7 cuz he said and got it wrong. it told me 5
In 1967, Gary Jones purchased a house on North Bryan Street in Little Rock, Arkansas.
He and his wife lived in the house until they separated in 1993. Jones then moved into an
apartment in Little Rock, and his wife continued to live in the house. Jones paid his
mortgage each month for 30 years. The mortgage company paid the property taxes on the
house. After Jones paid off his mortgage in 1997, the property taxes went unpaid. In
April 2000, the Arkansas Commissioner of State Lands (Commissioner) attempted to
notify Jones of his tax delinquency and his right to redeem the property by paying the
past-due taxes. The Commissioner sought to provide this notice by mailing a certified
letter to Jones at the North Bryan Street address. Arkansas law approved the use of such a
method of providing notice. The packet of information sent by the Commissioner stated
that unless Jones redeemed the property, it would be subject to public sale two years
later. No one was at home to sign for the letter. No one appeared at the post office to
retrieve the letter within the next 15 days. The post office then returned the unopened
packet to the Commissioner with an “unclaimed” designation on it. In the spring of 2002,
a few weeks before the public sale scheduled for Jones's house, the Commissioner
published a notice of public sale in a local newspaper. No bids were submitted, meaning
that under Arkansas law, the state could negotiate a private sale of the property.
Several months later, Linda Flowers submitted a purchase offer. The Commissioner then mailed
another certified letter to Jones at the North Bryan Street address, attempting to notify him that
his house would be sold to Flowers if he did not pay his delinquent taxes. As with the first letter,
the second letter was returned to the Commissioner with an “unclaimed” designation. Flowers
purchased the house. Immediately after the expiration of the 30-day period in which Arkansas
the law would have allowed Jones to make a post-sale redemption of the property by paying the
past-due taxes, Flowers had an eviction notice delivered to the North Bryan Street property. The
notice was served on Jones's daughter, who contacted Jones and notified him of the tax sale.
Jones then filed a lawsuit in Arkansas state court against the Commissioner and Flowers. In his
lawsuit, Jones contended that the Commissioner's failure to provide notice of the tax sale and of
Jones's right to redeem resulted in the taking of his property without due process. The trial court
ruled in favor of the Commissioner and Flowers, and the Arkansas Supreme Court affirmed. The
U.S. Supreme Court agreed to decide the case and its central question of whether Jones was
afforded due process. How did the U.S. Supreme Court rule?
Answers
The ruling in Gary Kent Jones, Petitioner v. Linda K. Flowers et al. was that an actual notice was not required so long as the state had made some reasonable efforts to notify the party of their rights.
What was the argument?The argument in the case, Jones vs Flowers was that Jones had moved out of his house and did not receive several tax letters from the government stating that if he did not remit his taxes, the house would be sold.
Since Jones was not residing there and did not receive the letters, the house was sold. Jones argued that this violated the Fourteenth Amendment but the Supreme Court gave the above ruling.
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A customer requirement from an online retail store is "timeliness of clothing delivery." Which of the following is most likely to be the specific measure of that requirement?
Answers
The thing that is likely to be the specific measure of timeliness regarding retail store is delivery in 7 days or less.
What is a retail store?A retail store simply means a state where goods are sold to the final consumers.
In this case, the specific measure is about timeliness. Therefore, the customer will want the good as soon as possible.
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Where is Nova City Islamabad located? Also is it under progress or has the development been completed?
Answers
Answer:
Nova City is a prime location in Islamabad
Explanation:
It is a few kilometers away from the New Islamabad International Airport. It is right next to CPEC Ring Road Interchange and is at the center of twin cities.
The project is not yet launched, but the development of the infrastructure has started that will attract the investors towards the project.
Give an example of a product you would like to make and sell (like coffee - just pretend). What are some of the variable costs, fixed costs, mixed costs
Answers
Answer:
Missing word "b. What are some of the product costs versus period costs? c. What are the direct materials, direct labor, manufacturing overhead costs?"
a. The variable cost of making/production of a coffee will include direct material like coffee seeds or bean and seasoned labor wages required to farm coffee. The fixed costs will include cost like salary cost of permanent employees like supervisors. Mixed cost will include costs of operating a tractor in farm on rent, where rent would be a fixed cost and cost of running it from petrol or diesel would be a variable cost.
b. Example of period cost can be rent of equipments taken on rent or depreciation on own equipments used for coffee production purpose while product costs can be direct material and direct labor
c. Direct material cost would be coffee beans and seeds,wages of direct labor would be season labor employed and variable overhead would be transportation expenses to carry coffee
STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
Answers
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).
When considering the education and training a career requires you must be aware of _____.
a. the amount of time it will take
b. the amount of money it will take
c. the amount of effort it will take
d. all of the above
Please select the best answer from the choices provided A B C D
Answers
Answer:
The answer is simply D because all of these options happen during this period.
Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
Answers
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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What is a class action suit?
OA. When a lawsuit is dismissed by a judge because the court does
not have proper jurisdiction
B. When a lawsuit involves not only one punishment, but an entire list
of consequences
C. When a group of consumers that suffer similar damages bring a
case against a business together
D. When an individual brings a lawsuit against all businesses in an
industry together
it’s c
Answers
A class action suit is a case, brought up by a group of consumers that suffer similar damages, against a business together. Hence, the correct answer will be an option(c).
Consumers, suffering a similar loss caused by a business, come forward and file a lawsuit together against the same business. This type of lawsuit is known as a class action suit. It is also known as Representative action. If the group wins the lawsuit, it will be compensated for the damages caused but if they lose the lawsuit, it will not receive any type of financial compensation.
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onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?
Answers
Excess labor supply in the market occurs when the wage rate is above the equilibrium level.
Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.
At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.
The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.
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Discuss several ways to punish white-collar crimes discussed in the text. Discuss the pros and cons of each.
Answers
The several ways to punish white-collar crimes are;
fines home detention community confinementWhat is white-collar crimes?
Financially driven, nonviolent or indirectly violent crime committed by people, businesses, and government officials is referred to as white-collar crime.These offenses cover a wide range of fraudulent practices, including money laundering, health care fraud, mortgage fraud, and securities fraud.
However, the scope goes beyond these and encompasses additional offenses like insider trading, tax evasion, and embezzlement. Whenever at least one victim experienced significant financial harm, the federal sentencing guidelines recommend a longer jail term.
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when constructing a production possibilities frontier, which of the following assumptions is not made
Answers
Answer:
The quantities of the factors of production that are available are increasing over the relevant time period
What is the definition of gross income?
Answers
Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.
Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.
It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.
For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.
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Leading is more important for the highest-level manager than planning
Answers
Core Characteristics
High level managers tend to have a substantial amount of experience, ideally across a wide variety of functions. Many high-level managers become part of an executive team by mastering their functional disciplines across various roles, becoming the Chief Operations Officer (COO), Chief Marketing Officer (CMO), Chief Technology Officer (CIO or CTO), Chief Financial Officer (CFO) or Chief Executive Officer (CEO).
Top management teams are also often industry experts, having a close association with the long term trajectory of the businesses they operate in. They often benefit from being charismatic, powerful communicators with a strong sense of accountability, confidence, integrity, and a comfort with risk.
Responsibilities
The primary role of the executive team, or the top-level managers, is to look at the organization as a whole and derive broad strategic plans. Company policies, substantial financial investments, strategic alliances, discussions with the board, stakeholder management, and other top-level managerial tasks are often high-risk high return decision-making initiatives in nature. Top-level management roles are therefore often high stress and high influence roles within the organization.
If an entrepreneur present a business plan that an investor believes is deliberately vague and has provided inflated financial statements, what should that investor do?
Answers
If the corporate plan contains exaggerated financial data and is intentionally confusing, an investor should analyze it before investing.
What do financial numbers actually mean?All of the liabilities and assets of an economy's many sectors are included in a complete set of stock or flow data called financial statistics.
How many people in America have such a financial plan?If that's so, you're not the only one. The 2021 Modern Prosperity Survey by Schwab found that only 33% of Americans had a written financial plan.
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List the characteristics of the Great Moderation, and then explain whether you
think the economy has returned to that condition since the end of the Great
Recession.
Answers
Answer:
The Great Moderation was a period of economic stability and low volatility in the United States from the mid-1980s until the onset of the Great Recession in 2007-2008. The following are some of the key characteristics of the Great Moderation:
Low inflation: The period was characterized by low and stable inflation, which was largely due to the Federal Reserve's commitment to maintaining price stability.
Reduced economic volatility: The economy experienced less volatility in terms of output, employment, and inflation. Business cycles were less frequent and less severe.
Improved economic performance: The period saw sustained economic growth and increased productivity, which led to higher standards of living.
Increased financial stability: The financial sector was more stable, with fewer bank failures and less severe financial crises.
Since the end of the Great Recession, there have been some signs that the economy has returned to the conditions of the Great Moderation. Inflation has remained low and stable, and economic growth has been sustained, although at a slower pace than before the recession. However, there are also some significant differences. The recovery has been uneven, with some sectors and regions of the country experiencing slower growth and higher unemployment than others. There has also been a greater focus on income inequality and the challenges facing middle-class households. Additionally, the financial sector remains a potential source of instability, with concerns about the size and complexity of some institutions and the potential for future crises. Overall, while there are similarities between the Great Moderation and the current economic conditions, there are also significant differences, and it remains to be seen whether the economy will continue to exhibit the same level of stability and performance over the long term.
Explanation:
The characteristics of the Great Moderation
Low inflationExcellent economic growthfinancial stabilityWhat is Great Moderation?From the middle of the 1980s until the start of the Great Recession in 2007–2008, the United States went through an era of financial equilibrium and low fluctuation known as the Great Moderation.
Since the Federal Reserve was committed to preserving price stability, the time period was marked by inflation that was low and constant. Also, the issues facing middle-class households and economic inequality have received more attention.
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For your speech to be effective, you must carefully consider what your specific
a. purpose
b. audience
c. thesis
d. research
Please select the best answer from the choices provided
A
AB
C
OD
is.
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for this question
Which of these is a correct statement regarding the fifo method of accounting for inventory? a) during periods of increasing inventory prices, the cost of goods sold will be higher. b) during periods of increasing inventory prices, lower taxable income will result. c) during periods of declining inventory prices, lower taxable income will result. d) during a period of declining inventory prices, higher taxable income will result.
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The ending inventory under FIFO is determined by the most recent units bought. First In, First Out is referred to as FIFO in this context. This approach of inventory valuation prioritizes sales of the earliest-purchased items.
What does the accounting term "FIFO" mean?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This suggests that, in theory, older inventory gets distributed to customers before new inventory.
Which statement about the FIFO inventory method is accurate?The right response is d. Compared to the LIFO approach, the FIFO method will report a higher inventory balance and a lower cost of products sold in the event of rising prices.
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