Advantages that can be associated with Budgeting are:
forcing managers to think about and plan for the future
- promoting cooperation and coordination among different areas within the organization
- providing benchmarks for evaluating performance
- providing lead time to solve potential problems.
Budgeting can be regarded as a process involving a creation of a plan to spend your money. It helps the manager think about the future in terms of our finance and give a benchmarks for evaluating performance.Therefore, Budgeting helps in how to spend our money.
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Which clause states that the written agreement accurately reflects the final, complete version of the agreement
Transactions between a company and its stockholders affect the company's _____ accounts only. Multiple choice question. income statement asset liability balance sheet
The balance sheet alone is affected by transactions between the company and its stockholders.
The balance sheet is a financial statement which reports the assets, liabilities, shareholder equity of a firm at end of an accounting period.
The reason the balance sheet is only affected is because its accounts for stockholders transactions alone. Account such as Income statement, Trial balance does not account for this transaction.Therefore, the Option D is correct because the balance sheet alone is affected by transactions between the company and its stockholders.
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Which is NOT something you should look for in a savings account?
a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate
Answer:
b) Rewards for using your debit card
Explanation:
If it’s a saving account why would I using my debit?
"take hundred now is more valuable than take hundred after one year" explain it
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
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Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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When a customer exits the queue, there are two possible outcomes. One is a chance that the customer may return to the source population to be served again. What is the other
Answer:
there is a low chance of reservice
Explanation:
a person who evaluates people primarily on the basis of their membership in a particular group is
Prejudiced is a person who evaluates people primarily on the basis of their membership in a particular group.
People form or develop an opinion about other persons due to them being in a group. People who engages in this act does so without tangible reason.
An example of a prejudiced person is having dislike against a particular store, not necessarily because of what they offer but personal dislike for stores.
Therefore a prejudiced is a person who evaluate people based on their membership of a particular group.
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According to Keynesian economics, what impact would a balanced budget amendment to our constitution have on our national economy
Answer:
By requiring a balanced budget every year, no matter the state of the economy, such an amendment would raise serious risks of tipping weak economies into recession and making recessions longer and deeper, causing very large job losses.
Explanation:
primary costs to the company, such as payments to artists and staff who maintain the threadless website, come out of which budget?
The operating budget make provision for primary costs such as payments to artists and staff who maintain the website,
The operating budget refers a detailed projection of expenses, expected future costs, and fore-casted income over a period of time
This budget helps to make plans for the income and expense departments expected in the business,
In conclusion, the operating budget is the budget that make the provision described in the question.
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The ________ ratio indicates whether a firm will be able to meet interest obligations due on outstanding debt
Answer:
The , Television, ratio indicates whether a firm will be able to meet interest obligations due on outstanding debt.
the largest portion of federal tax revenue comes from _____.
What are the importance of feedback in the communication process(3mks)
Feedback helps your team avoid major mistakes.
By creating a clear and honest communication flow during any kind of teamwork, it saves you the time of correcting someone's work, reduces errors caused by miscommunication to a minimum, and prevents regrets of those who feel like they failed.
4. You hire three individuals as independent contractors (gardener, hairdresser, handyman). What is the maximum you can annually pay each and NOT be required to report the earnings to the IRS on a Form 1099-MISC?
A. I don't know
B. $0 - I am not required to report their earnings because they are independent contractors
C. $259
D. $499
E. $599
F. $1,899
Answer:
c
Explanation:
Innovations like the mass production of cars can create economies of scale. However, over time this benefit becomes less meaningful because:
Answer:
other companies copy the processes
Explanation:
In March, stockholders of Herbalife Nutrition approved a 2-for-1 stock split. After the split, how many shares of Herbalife stock will an investor have if she or he owned 160 shares before the split
The number of shares that an investor will have after split is 320 shares.
Stock split refers to when a company divides its existing shares into multiple shares.
Here, we are to find the number of shares that an investor will own.Given Information
Stock split rate = 2-for-1 stock split (2/1)
Share holding before split = 160 shares
Number of shares after the split = Share holding before split * Stock split rate
Number of shares after the split = 160 shares * 2/1
Number of shares after the split = 320 shares
Therefore, the number of shares that an investor will have after split is 320 shares.
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When a product has gained a certain level of brand awareness, firms use _____ advertising to motivate consumers to take action.
When a product has gained a certain level of brand awareness, firms use persuasive advertising to motivate consumers to take action.
Persuasive advertising is the advertising modality dedicated mainly to convincing the public for a certain product or service by specifically appealing to their sensory, subjective or emotional factors.
It is the strategy in which the characteristics of a product or service are taken into account, conspicuously highlighted and used to achieve more sales.Persuasive advertising aims to convince the consumers to make the desired decision.Therefore, we can conclude that persuasive advertising is a strategy that focuses on showing the most attractive benefits and characteristics to the consumer and uses them to get more sales of the product.
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If the product price is $100, average variable cost $40 per unit, and the total fixed costs are $120,000, what is the breakeven point
The breakeven point is 2000.
Breakeven point are the number of units sold at which net income is zero. It is a function of fixed cost, price and average variable cost.
Breakeven point = fixed cost / (price - average variable cost )
Fixed cost is cost that does not change regardless the level of output.
Average variable cost is total variable cost divided by output.
Price is the going price of an item.
Breakeven point = $120,000 / ($100 - $40)
$120,000 / $60 = 2000
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The transition from high school to college/technical school or an
immediate job is a big change and students often gain new
responsibilities when they progress into adulthood. What responsibilities
do you see yourself having after high school? How will you manage your
time effectively?
You should see yourself having responsibilities such as rent, time management, bills, taxes, etc
Ahrens Industries purchased a new machine on October 31, 2020. A $2,400 down payment was made and three monthly installments of $7,200 each are to be made beginning on November 30, 2020. The cash price would have been $23,200. Ahrens paid no installation charges under the monthly payment plan but a $400 installation charge would have been incurred with a cash purchase. What is the amount to be capitalized as the cost of the machine on October 31, 2020
Based on the information given the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.
Using this formula
Capitalized amount=Cash price + Installment charges
Where:
Cash price=$23,200
Installment charges=$400
Let plug in the formula
Capitalized amount=$23,200+$400
Capitalized amount=$23,600
Inconclusion the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.
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describe one way in which consumers depend on producers
Competition is to be expected in capitalist economies.
True
False
Answer:
True
Explanation:
Capitalism works because it encourages competition
The phenomenon of selecting an insurer that charges lower rates for a specific risk exposure is known as:
True or False: Your company manufactures and sells a complex solution where a lot of expertise and value is delivered through company sales reps. Product margins are thin. For these reasons, you should use an Indirect sales channel.
True; the company should use an Indirect sales channel.
By definition;
An indirect sales channel is the sale of a good or service by a third-party, which may be a partner or affiliate, rather than a company's personnel.
According to the question;
The company manufactures and sells a complex solution where a lot of expertise and value is delivered through company sales reps.As a result, Product margins are thin.
For these reasons; an indirect sales channel is used as it involves subcontracting the sales to a third party, thereby relieving the company of sales responsible.
Ultimately, True; the company should use an Indirect sales channel.
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What are an employees legal rights that would prevent an employee from terminating an employee?
Employees may not be discriminated against on the basis of race, sex, gender, sexuality, skin color, religion, or any characteristic that is unrelated to their performance of the job.
"Wrongful termination is when an employee is fired illegally. This occurs when an employee is terminated because of discriminatory practices in the workplace, when a company violates public policy in the process of terminating the employee, or when a company's own guidelines for termination were not followed."
If labor is the only variable input and it costs $15 per hour and if the marginal product of labor is 3 units per hour, the short-run marginal cost of 1 unit of output is approximately $0.20 Answer A: $0.20 A $3.00 Answer B: $3.00 B $5.00 Answer C: $5.00 C $15.00 Answer D: $15.00 D $45.00
Based on the information given the short-run marginal cost of 1 unit of output is approximately $5.00.
Using this formula
Marginal cost=Change in cost/Change in quantity
Where:
Change in cost=$15 per hour
Change in quantity=3 units per hour
Let plug in the formula
Marginal cost=$15/3
Marginal cost=$5.00
Inconclusion the short-run marginal cost of 1 unit of output is approximately $5.00.
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The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market
The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market
Answer: Contract
when a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy
Answer:
producer surplus increases and total surplus decreases in the market for that good.
Which of the following is an advantage of renting? a. Ease of mobility b. Economic gain c. Financial risk d. Tax savings Please select the best answer from the choices provided A B C D.
Answer: Tax Savings
Explanation:
Tax savings are a benefit of renting. As a result, choice (D) is the right response.
What are the advantages of renting?The advantages of renting are as follows:
The absence of maintenance and repair expenses is one advantage of renting a home.Renters also save money by having access to services that would otherwise be quite expensive.Renters do not have to pay property taxes, which is one of the main advantages of renting as opposed to buying.The upfront fee is another area where renters get a better financial deal.Homeowners are limited to the places where they can afford to buy, but renters can live in almost any place.Property values fluctuate. Renters are significantly less likely to be impacted by this than homeowners, if at all.While homeowners are required to keep their homes insurance policy current, renters are required to keep their renter's insurance policy current.Hence, Option (D) is accurate.
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all round, a new virtual music store, is trying to compete with itunes. one thing all round did was count the number of products sold and units produced. where are they in the control process?
Based on the information given, it can be inferred that they're in the measuring performance of the control process.
Control process simply means the collection of information about a system in order to make a vital decision.
Since the new virtual music store, is trying to compete with itunes and count the number of products sold and units produced, it can be deduced that the company is measuring performance.
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the return an investor in a security receives is ______ _____ the cost of the security to the company that issued it.
Securities are known to be fungible and tradable financial tools that are employed to raise capital in public and private markets. the return an investor in a security receives is equal to the cost of the security to the company that issued it.
Three forms or types of securities exist. They are:
Equity: This type of security gives an individual ownership rights to holders.Debt: This are important loans repaid within a set payments. Hybrids: this is composed of some aspects of debt and equity.A Security is commonly described as a financial asset or tool that is of economic importance and can be bought, sold, or traded. Examples are stocks, bonds, options, mutual fund shares etc.
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