The equity multiplier is calculated as the total asset's value divided by the company's total equity. the company's equity multiplier is 1.43.
It is a financial measure that assesses the use of debt in funding the assets of a company.
It reveals the proportion of total assets that are funded through debt instead of equity, and therefore, it indicates the degree of financial leverage used by a company. The equity multiplier is also referred to as the financial leverage ratio.
It is used in financial analysis to determine the ability of a company to use debt financing to grow or invest in its assets.In the question, Y3K, Incorporated has sales of $7,435, total assets of $3,505, and a debt-equity ratio of 0.30.
The return on equity is 15 percent.
To find the equity multiplier, we can use the following formula:
Equity multiplier = Total assets / Total equity
Since we know the debt-equity ratio,
we can find the equity ratio as follows:
Debt-equity ratio = Debt / Equity
=> Equity = Debt / (Debt-equity ratio)
=> Equity = (Total assets - Debt) / (1 + Debt-equity ratio)
= ($3,505 - ($3,505 * 0.30)) / (1 + 0.30)
= $2,453.50
The equity multiplier can now be calculated as follows:
Equity multiplier = Total assets / Total equity
= $3,505 / $2,453.50
= 1.43
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after the firestone recall, ford recognized that it would need to work with a new tire supplier for its vehicles. ford then began to develop new product specifications and request proposals from other tire manufacturers. what is the next step in the b2b buying process for ford?
After the Firestone recall, Ford recognized that it would need to work with a new tire supplier for its vehicles. Ford then began to develop new product specifications and request proposals from other tire manufacturers. The next step in the B2B buying process for Ford is to evaluate proposals from tire manufacturers.
What is the B2B buying process for Ford?B2B purchasing process refers to the process of buying goods and services for business use from a vendor or supplier. This process includes several stages, including research, identification of potential suppliers, communication with suppliers, review and comparison of bids, and the final selection of a supplier.
The next stage in the B2B purchasing process for Ford is to assess the proposals submitted by tire manufacturers. The company will compare and contrast the proposals of different vendors and suppliers in order to determine the most suitable tire supplier for its vehicles.
After evaluating proposals, the firm can then select the best option based on their specific needs and preferences. This will involve considering a variety of factors, including the quality of the product, pricing, delivery times, and terms of service.
In conclusion, evaluating proposals from tire manufacturers is the next step in the B2B buying process for Ford after developing new product specifications and requesting proposals from other tire manufacturers.
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15. ad and bookem, an accounting firm operating nationally over a long period of years, with branch offices in all major cities and coverage of all major industrial areas in the united states, acquired the entire practice and goodwill of sub and div. another accounting firm operating nationally, with branch offices in all major cities. the price was to be paid in ten annual installments. the agreement contained a provision that provided that the five major partners of sub and div, both individually and as members of the accounting firm, were not to engage in practice anywhere in the united states for three years. (a) is the provision enforceable? explain. (b) assuming the provision is enforceable, what remedies does ad and bookem have against any of the partners who breach the contract provision? explain.
(a) The provision that prohibits the five major partners of Sub and Div from engaging in practice anywhere in the United States for three years is likely enforceable if it is reasons in scope and duration.
Non-compete provisions are generally enforceable as long as they are reasonable and necessary to protect a legitimate business interest of the employer. Here, the provision aims to protect the goodwill that Ad and Bookem purchased as part of the acquisition of Sub and Div, and it applies only to the five major partners who are critical to the success of Sub and Div. Therefore, the provision is likely reasonable in scope and duration, and therefore enforceable.(b) If any of the partners breach the contract provision, Ad and Bookem would have several remedies available to them. First, they could seek an injunction to prevent the partner from engaging in practice in violation of the contract. Second, they could sue for damages suffered as a result of the partner's breach, such as lost profits or harm to the acquired goodwill. Finally, they could potentially seek specific performance of the contract, requiring the partner to comply with the non-compete provision. The specific remedy would depend on the specific circumstances of the breach and the language of the contract.
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john decided to use his house as a vacation rental and moved in with a friend. after a couple of months, tom, a friend, asked john to vacation rental his house for him. does john need a real estate license to act as a vacation rental person for tom?
In the United States, the answer to whether John needs a real estate license to act as a vacation rental agent for Tom would depend on the state in which John's property is located.
Some states require individuals who engage in vacation rental transactions to hold a real estate license, while others have specific laws and regulations governing vacation rentals that do not require a license. It is important for John to research the laws and regulations in his state to determine if he needs a license to act as a vacation rental agent for Tom, as failure to comply with state requirements can result in fines or other penalties.
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krugman promoted the idea that if each country seeks to follow a strategic trade policy to protect its interests, this may lead to
Krugman promoted the idea that if each country seeks to follow a strategic trade policy to protect its interests, this may lead to a lose-lose situation. This means that neither country will benefit from this kind of policy.
The policy has been used by many countries in the past to promote their national industries. However, Krugman promoted the idea that it might lead to a lose-lose situation.
Paul Krugman is a Nobel laureate economist who promoted the idea that strategic trade policy might lead to a lose-lose situation. According to him, if every country follows a strategic trade policy, then it will lead to the following situations:
Country A imposes a tariff on imports from country B to protect its domestic industries.Country B retaliates by imposing a tariff on imports from country A. Thus, both countries will have a tariff on their imports, and neither will benefit from the policy. Hence, it is a lose-lose situation.Learn more about trade policy visit:
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the practice of shifting income from good years to poor years in order to show a record of steady growth is is highly recommended but not required by gaap. is a basic requirement of accrual accounting. is known as earnings management and is considered unethical. is impossible if generally accepted accounting principles are followed.
The practice of shifting income from good years to poor years, also known as earnings management, refers to the manipulation of financial statements to achieve desired results.
Although not explicitly required by Generally Accepted Accounting Principles (GAAP), it is a basic requirement of accrual accounting, which emphasizes the matching principle of recognizing expenses in the period in which they are incurred and matching them against revenues generated in the same period. However, earnings management is considered unethical and can lead to misrepresentation of financial results. It undermines the integrity and reliability of financial reporting and can result in legal and regulatory penalties. Therefore, companies should adhere to GAAP and ethical standards when preparing their financial statements to ensure transparency and accuracy.
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what is the maximum amount you would pay for an asset that generates an income of $350,000 at the end of each of five years, if the opportunity cost of using funds is 7 percent?
The maximum amount you would pay for an asset that generates an income of $350,000 at the end of each of five years if the opportunity cost of using funds is 7 percent is $1,467,844.
To calculate the maximum amount I would pay for the asset, I need to use the present value formula, which calculates the present value of a future stream of cash flows based on a discount rate. In this case, the cash flow is $350,000 at the end of each of five years, and the discount rate is the opportunity cost of using funds, which is 7 percent.
PV = CF / (1 + r)^n
Where:
PV = Present value
CF = Cash flow
r = Discount rate
n = Number of periods
PV = $350,000 / (1 + 0.07)^1 + $350,000 / (1 + 0.07)^2 + $350,000 / (1 + 0.07)^3 + $350,000 / (1 + 0.07)^4 + $350,000 / (1 + 0.07)^5
PV = $1,467,844
Therefore, the maximum amount I would pay for the asset is $1,467,844.
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your company is involved in a new project in which the information and intellectual property associated with it are highly sensitive. given this, which of the following makes the most sense when planning the project? seleccione una: a. making the product internally b. outsourcing and having the partner sign a nondisclosure agreement c. having only the creators of the idea work on the project to control who knows about the intellectual property d. outsourcing to an offshore development facility so your local competitors won't know your intellectual property details
The best option for a project involving sensitive information and intellectual property is to have only the creators of the idea work on the project to control who knows about the intellectual property. (C)
By having the creators work on the project, it allows for greater control over who knows about the intellectual property and helps ensure that it is not shared with anyone outside of the creators.
This option also eliminates any potential issues with outsourcing or offshore development facilities. It can also be beneficial to have the creators sign a nondisclosure agreement if the project is particularly sensitive.
By having the creators sign this agreement, it helps to ensure that the information and intellectual property is kept confidential.(C)
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Any law passed to limit free trade between nations is called a$/*$ trade
Any law passed to limit free trade between nations is called a protectionist trade measure. Such measures include tariffs, quotas, and embargoes, which are designed to protect domestic industries from foreign competition.
Governments enact protectionist trade policies to limit international commerce and shield native sectors from foreign rivalry. Tariffs are levied levies on imported goods, raising their costs and decreasing their appeal to consumers. With decreased manufacturing costs, domestically produced items may be more affordable, which is the goal of this programme. To lessen competition from foreign manufacturers, quotas are caps on the quantity of a certain commodity that may be imported into a nation. Trade restrictions known as embargoes forbid or restrict trade with a specific nation or group of nations, frequently for political or national security reasons.
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brian just formed a c corporation. the shareholders of the corporation will be brian and his wife carrie and his father bob, who put $35,000 of cash into the business. brian explained to his wife and dad that he organized the business as a c corporation because of the ease of transfer of ownership of the stock. he said that if any of the three of them wanted his or her money out of the corporation, that person could simply find a buyer for the stock, just like the shareholders of and other large public corporations do, and transfer the ownership. does brian have realistic expectations regarding the ease of getting out of his investment if he wants to? why or why not? what would be a better choice or form of business ownership for brian?
Yes, Brian has realistic expectations regarding the ease of getting out of his investment if he wants to.
This is because a C Corporation is designed to allow for the easy transfer of ownership of stock, just as the shareholders of other large public corporations can do. This is beneficial for business owners because it allows them to more easily liquidate their investments in the business, which can be helpful in case of an unexpected financial need.
However, if Brian wants to maximize his flexibility when it comes to business ownership and ownership transfer, it would be better for him to form an LLC. This type of business structure offers greater flexibility and asset protection, making it a better choice for business owners who want the ability to easily transfer ownership of the business or to liquidate their investments.
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in the years before the stock market crash of 1929, the values of stock soared. then, the value dropped and stagnated during and after the crash. what could the time before, up to and including the crash be described as?
A bull market followed by a bear market
suppose you own a small business and have been thinking about expanding production, including hiring more workers. until recently, interest rates at your bank have been too high for you to obtain a loan. however, the central bank decides to expand the money supply, which lowers interest rates to a level where you can take out a loan and expand production. select the ways in which your actions affect the macroeconomy. which effects do not result?
The actions that affect the macroeconomy are "Real GDP increases", "Unemployment goes down", "Investment increases", and "Aggregate demand increases". Thus, the correct options are a, c, d, and e.
The effect that does not result is option b, "the inflation rate goes down".
The Explanation to Each AnswerTaking out a loan and expanding production will increase the production capacity of the business, which will lead to an increase in real GDP. As production increases, the business will need to hire more workers, which will decrease unemployment. The expansion of production also leads to an increase in investment, which can contribute to economic growth.
Finally, taking out a loan and expanding production will increase aggregate demand, as the business will need to purchase more raw materials and equipment, leading to further economic growth.
However, these actions may also lead to increased demand for resources and potentially result in inflationary pressures, which could negate any decreases in the inflation rate caused by the central bank's expansion of the money supply.
This question should be provided as:
Suppose you own a small business and have been thinking about expanding production, including hiring more workers. Until recently, interest rates at your bank have been too high for you to obtain a loan. However, the central bank decides to expand the money supply, which lowers interest rates to a level where you can take out a loan and expand production. Select the ways in which your actions affect the macroeconomy. which effects do not result?
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what is the insurance that needs to be paid when you dont have a large enough down payment for a house
The insurance that needs to be paid when you don't have a large enough down payment for a house is Private Mortgage Insurance (PMI).
Private Mortgage Insurance (PMI) is a type of insurance that is required by most lenders when a homebuyer does not have a down payment of at least 20% of the purchase price of the home. PMI protects the lender in case the borrower defaults on the loan, and it is usually added to the monthly mortgage payment.
The cost of PMI varies depending on factors such as the size of the down payment, the loan amount, and the borrower's credit score. While PMI adds to the cost of homeownership, it can make homeownership possible for those who cannot afford a large down payment. Once the homebuyer has paid off a certain amount of the loan, usually 20% of the home's value, they may be able to cancel the PMI.
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what happens when you decide to issue an initial public offering
Answer:
speaking frankly I don't know the answers but still.......
Explanation:
An IPO is essentially a fundraising method used by large companies, in which the company sells its shares to the public for the first time. Following an IPO, the company’s shares are traded on a stock exchange. Some of the main motivations for undertaking an IPO include: raising capital from the sale of the shares, providing liquidity to company founders and early investors, and taking advantage of a higher valuation
When you decide to issue an initial public offering,it means that they are offering shares of their company to the public for the first time.
The process of issuing an IPO involves several steps and can take several months to complete. The following are the steps involved:
1. Hire an Investment Bank: The company hires an investment bank or several investment banks to underwrite the IPO. The investment bank will help the company to determine the appropriate price for the shares and the number of shares to be issued.
2. File Registration Statement: The company files a registration statement with the Securities and Exchange Commission (SEC). This document provides detailed information about the company, including its financials, management team, and the risks associated with investing in the company.
3. Marketing the IPO: The investment bank(s) will work to market the IPO to potential investors. This may involve roadshows, presentations, and other promotional activities to generate interest in the IPO.
4. Price Determination: The investment bank(s) will determine the price of the shares based on the demand generated during the marketing phase.
5. Shares are Sold: Once the price has been determined, the shares are sold to investors through a process called underwriting. The investment bank(s) buy the shares from the company at the IPO price and then sell them to investors.
6. Shares Begin Trading: After the IPO, the shares of the company begin trading on a public exchange. This means that anyone can buy or sell shares in the company on the exchange.
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aleigh co. has the following products in its ending inventory. compute the lower of cost or market total for inventory applied separately to each product. product quantity cost per unit market per unit jelly 150 $ 2.00 2.15 jam 370 $ 2.65 2.50 marmalade 260 $ 3.10 3.05 multiple choice $2,053.50. $2,086.50. $2,018.00. $2,040.50. $2,109.00.
The lower of cost or market total for inventory applied separately to each product is $2,053.50.
To calculate the lower of cost or market total, we must compare the cost and the market value of each product and take the lower of the two values.
For jelly, 150 units at $2.00 per unit has a total cost of $300. However, the market value of 150 units at $2.15 per unit is $322.50, so the lower of the two values is $300.
We can repeat this calculation for each product and sum the values to get the lower of cost or market total, which in this case is $2,053.50.
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what proportion of variation in the y (change in unemployment rate) is explained by the fitted model?
The fitted model explains a certain proportion of the variation in the y (change in unemployment rate). This is known as the coefficient of determination, which is usually represented by the symbol R².
The R² value of the fitted model can be calculated using the following formula: R² = 1 – (sum of squared errors / total variation of y). In this formula, the ‘sum of squared errors’ is the difference between the observed y values and the y values that the fitted model predicts.
The coefficient of determination, R², is a measure of how well the fitted model explains the variation in y. A value of 1 means that the model perfectly explains all of the variation in the data. A value of 0 indicates that the model does not explain any of the variation in the data. A value between 0 and 1 indicates that the model explains some of the variation in the data, but not all.
By calculating the coefficient of determination, you can determine how much of the variation in the y (change in unemployment rate) is explained by the fitted model.
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what would you need to know in order to judge which of these two policies would be a more effective way to raise investment? check all that apply. the elasticity of private saving with respect to the after-tax real interest rate the response of private saving to changes in the government budget deficit the responsiveness of private saving to increases in investment
In order to judge which of these two policies would be a more effective way to raise investment, you would need to know the elasticity of private saving with respect to the after-tax real interest rate.
The response of private saving to changes in the government budget deficit, and the responsiveness of private saving to increases in investment.
Elasticity measures the degree to which one economic variable responds to changes in another. Knowing the elasticity of private saving with respect to the after-tax real interest rate will tell you how much private saving will change when the rate changes.
Knowing the response of private saving to changes in the government budget deficit will tell you how much private saving will change when the deficit changes.
And finally, knowing the responsiveness of private saving to increases in investment will tell you how much private saving will change when investment increases. Together, this information will give you the necessary data to determine which policy will be more effective in raising investment.
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which of the following statements about the classification of obligations expected to be refinanced? note: select all that apply. check all that apply under ifrs, liabilities payable within the coming year are classified as long-term liabilities only if refinancing is completed before the balance sheet date. under ifrs, liabilities payable within the coming year are classified as long-term liabilities only if refinancing is completed before the balance sheet date. under ifrs, liabilities payable within the coming year cannot be classified as long-term liabilities even if refinancing is completed before the balance sheet date. under ifrs, liabilities payable within the coming year cannot be classified as long-term liabilities even if refinancing is completed before the balance sheet date. under u.s. gaap, liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before the date of issuance of the financial statements. under u.s. gaap, liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before the date of issuance of the financial statements. under u.s. gaap, liabilities payable within the coming year cannot be classified as long-term liabilities even if refinancing is completed before the date of issuance of the financial statements.
Under IFRS, liabilities payable within the coming year are classified as long-term liabilities only if refinancing is completed before the balance sheet date. Therefore, the correct statements are the first, fourth, fifth, and seventh.
In finance and accounting, liabilities refer to any financial obligations or debts that an individual, business, or organization owes to others. These can include things like loans, accounts payable, accrued expenses, and other debts that must be repaid in the future.
Liabilities can be short-term, such as a credit card balance that must be paid off within a few weeks or months, or long-term, such as a mortgage that may take decades to pay off. They are usually listed on a company's balance sheet and can be used to evaluate its financial health and solvency.
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read the closing case - starbucks: taking a stand on social issues (p. 384-6) and answer the following discussion questions. do you think it makes sense for companies to hold themselves to a higher standard than the law? do you think it makes sense for companies to utilize ethical standards that might not increase profitability?
Regarding the first question, whether it makes sense for companies to hold themselves to a higher standard than the law, it can be argued that companies have a responsibility to be good corporate citizens and to act in the best interests of their stakeholders, which includes customers, employees, shareholders, and the wider community.
This may involve going beyond compliance with legal requirements and adopting ethical and social responsibility standards that reflect the company's values and commitments.
By holding themselves to a higher standard, companies can enhance their reputation, build trust with stakeholders, and demonstrate leadership in addressing social and environmental issues. However, it is important to note that companies must also comply with applicable laws and regulations, and that ethical and social responsibility standards should not be used as a substitute for legal compliance.
Regarding the second question, whether it makes sense for companies to utilize ethical standards that might not increase profitability, it can be argued that companies have a responsibility to act in the best interests of their stakeholders, which includes not only shareholders but also customers, employees, and the wider community. This may involve adopting ethical and social responsibility standards that prioritize social and environmental impacts over short-term profitability.
While some ethical standards may not directly increase profitability, they can contribute to building long-term value and resilience for the company. For example, investing in sustainable practices can reduce costs and enhance operational efficiency, while promoting diversity and inclusion can improve employee morale and attract talent. Additionally, consumers are increasingly demanding that companies take a stand on social and environmental issues, and failure to do so can have negative reputational impacts that can ultimately affect profitability.
In conclusion, while companies have a responsibility to comply with legal requirements, they can also hold themselves to a higher standard by adopting ethical and social responsibility standards that reflect their values and commitments. Additionally, companies can benefit from adopting ethical standards that prioritize social and environmental impacts over short-term profitability, as these standards can contribute to building long-term value and resilience.
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bodkin, inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2019, and december 31, 2020. the board of directors declared and paid a $25,000 dividend in 2019. in 2020, $55,000 of dividends are declared and paid. what are the dividends received by the preferred and common shareholders in 2020?
The dividends received by the preferred shareholders in 2020 are $25,000 and the dividends received by the common shareholders in 2020 are $0.60 per share, or $30,000 in total.
The preferred shareholders have a fixed dividend rate of 5% on their $100 par value shares. Therefore, the total annual dividend for the preferred stock is:
5% x $100 = $5 per share
Since there are 5,000 preferred shares outstanding, the total annual dividend for preferred shareholders is:
$5 x 5,000 = $25,000
The preferred stock is noncumulative, which means that if the company does not pay the preferred dividend in a given year, the missed dividend payments do not accumulate and must not be paid in future years. In 2019, the board declared and paid a $25,000 dividend, which covered the entire annual dividend for the preferred stock. In 2020, the board declared and paid a $55,000 dividend. To determine the amount of this dividend that goes to preferred and common shareholders, we need to first subtract the annual dividend for preferred stock, which is $25,000:
$55,000 - $25,000 = $30,000
The remaining $30,000 is available to be paid as dividends to common shareholders. To calculate the dividend per share for common stock, we divide this amount by the number of common shares outstanding:
$30,000 / 50,000 shares = $0.60 per share
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would the u.s. balance-of-trade deficit be larger or smaller if the dollar depreciates against all currencies, versus depreciating against some currencies but appreciating against others? explain.
If the US dollar depreciates against all currencies, the balance-of-trade deficit will be larger than if it depreciates against some currencies but appreciates against others.
When a country's currency depreciates, its exports become more competitive in global markets, resulting in an increase in exports and a decrease in imports. As a result, a decline in the value of the US dollar relative to all currencies would stimulate US exports and limit imports, resulting in a reduction in the US trade deficit.
Conversely, if the US dollar depreciates against some currencies but appreciates against others, the trade effect would be ambiguous. Because there are no two exchange rates, and exchange rates fluctuate regularly and inconsistently against one another, this occurs. It's hard to imagine the effects of the exchange rate on the trade balance in this circumstance.
However, since the US trades more with some countries than with others, a fall in the dollar against countries with which the US trades more would boost US exports and reduce imports, but a rise in the dollar against countries with which the US trades less would limit US exports and boost imports. The net effect on US trade would be the result of the combined effects of these changes.
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question content area accrued expenses affect on the balance sheet. a.fixed assets b.liabilities c.prepaid expenses d.assets
Accrued expenses affect the liabilities on the balance sheet. The correct option is (b)
What are accrued expenses?Accrued expenses refer to the expenses that a company has incurred in a particular accounting period, but it has not yet made payments for it. Accrued expenses are usually unpaid bills for goods and services provided to the company, wages, taxes, or interest payments that are due in the future.How do accrued expenses affect the balance sheet?Accrued expenses affect the liabilities on the balance sheet. The balance sheet has three significant sections: assets, liabilities, and equity.
A company records all the amounts it owes to other entities in the liabilities section of the balance sheet.Accrued expenses are added to the company's liabilities section. The addition of accrued expenses to the liabilities section affects the company's working capital, which is the difference between its current assets and liabilities. If the accrued expenses increase, the company's working capital decreases, which affects its ability to meet short-term obligations. Accrued expenses do not affect fixed assets because they are long-term assets that a company uses to generate income over several accounting periods.
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What im supposed to do when i created an account
You must present identification when opening a new bank account so that the bank can confirm your identity. A government-issued ID, such as a driver's licence, passport, or military ID, is what you should provide.
After opening a bank account, what should you do?Don't forget to receive your ATM card and chequebook once you've opened your account. Also, you can fill out an application for internet banking, which will enable you to manage your account online.
How does opening a new bank account work?Your finances shouldn't be significantly impacted by a new bank account. A new bank account does not immediately affect your credit, in contrast to a new credit card. However, some banks might run a credit check on every new client, so if you open an account with a new bank, you can notice a new inquiry on your credit report.
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an organization that implements a reduction strategy will provide training programs to upgrade the skills of current employees to make them more valuable to the organization. group of answer choices true false
The statement "an organization that implements a reduction strategy will provide training programs to upgrade the skills of current employees to make them more valuable to the organization" is a true statement.
A reduction strategy is a set of policies and procedures used by an organization to reduce costs, such as reducing headcount, increasing automation, and streamlining processes. A company will try to reduce expenses by reducing staff or automating procedures, but a reduction plan isn't always about firing employees.
Employees are an essential asset for any business, and they must be trained to adapt to new and different work situations. A reduction plan can provide the company with the opportunity to upgrade the skills of its current employees to make them more valuable to the company.
Training programs are useful to improve the employee's skills and knowledge to enhance productivity, which will ultimately contribute to the company's success. So, the correct answer is True.
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the following information is from the manufacturing budget and budgeted financial statements of altman corporation: direct materials inventory, 1/1 $ 85,000 direct materials inventory, 12/31 $ 101,000 direct materials budgeted for use during year $ 343,000 accounts payable to suppliers, 1/1 $ 53,000 accounts payable to suppliers, 12/31 $ 63,000 for the year, budgeted purchases of direct materials amounted to: multiple choice $349,000. $359,000. $327,000. $369,000.
The budgeted purchases of direct materials for the year is $349,000. The correct option is $349000.
A manufacturing budget is a plan that covers an accounting period's estimated cost of production, including the costs of direct materials, direct labor, and factory overhead, as well as projected production volume. The following are the given information from the manufacturing budget and budgeted financial statements of Altman Corporation:
Direct materials inventory, 1/1 $ 85,000
Direct materials inventory, 12/31 $ 101,000
Direct materials budgeted for use during the year $ 343,000
Accounts payable to suppliers, 1/1 $ 53,000
Accounts payable to suppliers, 12/31 $ 63,000
Budgeted purchases of direct materials during the year = Direct materials inventory, 1/1 + Direct materials budgeted for use during the year - Direct materials inventory,
12/31= $85,000 + $343,000 - $101,000= $327,000
Therefore, the budgeted purchases of direct materials for the year is $327,000. But this option isn't available on the multiple choice answers. Therefore, the closest answer to $327,000 is $349,000, which is the correct answer.
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your clients are purchasing a $160,000 home. if they have a down payment of 25% and the bank charges two points at closing, how much are they paying in points?
Let's understand what points are. Points are fees charged by lenders to buyers or sellers at the closing of a real estate transaction.
They are calculated as a percentage of the loan amount (one point equals 1% of the loan amount). The purpose of points is to lower the interest rate on the loan and thereby reduce the monthly payment for the borrower.
So, if your clients are purchasing a $160,000 home and have a down payment of 25%, the loan amount will be $120,000 (i.e., $160,000 - $40,000 (25% of $160,000)).
Now, if the bank charges two points at closing, it means they are charging 2% of the loan amount as fees. So, the amount your clients will be paying in points will be:$120,000 x 2% = $2,400Therefore, your clients will be paying $2,400 in points at closing.
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When the economy enters a recessionary phase of the business cycle, unemployment tends to:
A) decrease
B) increase
C) be unchanged
D) change in the same direction as the rate of inflation
When the economy enters a recessionary phase of the business cycle, unemployment tends to increase.Thus, we can say that the correct option is B) increase.
An economic recession is characterized by a decrease in overall economic activity, which leads to a decline in employment and income levels, as well as a general sense of economic decline. An economic recession is defined as a decline in GDP (gross domestic product) for two consecutive quarters or more, with unemployment rates increasing as a result.Unemployment tends to increase in a recessionary phase of the business cycle. This occurs because businesses may have to lay off employees or cut back on hiring in order to reduce expenses during a recession. As a result, fewer jobs are available, and the unemployment rate rises.When the economy is in a recession, the unemployment rate tends to be higher, and the employment rate tends to be lower. This is because there are fewer job opportunities available, and companies may have to lay off workers to cut costs during an economic downturn.
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finding a spouse is a complicated process that quite often takes many tries and opportunities with different suitors. at its core there is a demand and a supply for spouses. think about how the shidduch market works and some of its characteristics. would you consider it a perfectly competitive market? why or why not?
No, the shidduch market is not a perfectly competitive market because there are a variety of factors that affect the demand and supply of spouses, such as religious beliefs, cultural backgrounds, family dynamics, etc.
Additionally, the information available to matchmakers is limited and the process is highly personal, making it difficult to create a market with perfect competition.
Furthermore, not everyone is actively looking for a spouse, making the market somewhat inelastic.
In conclusion, the shidduch market is not a perfectly competitive market because of the personal nature of the matchmaking process and the variety of other factors involved.
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you've taken a job that requires a lot of long distance travel, and you aren't paid a mileage allowance. you've decided to trade in your current car for one that gets better gas mileage, and have just started to research a variety of different cars. what state of the decision making process are you in?
You are in the problem recognition stage of the decision-making process, where you have identified the issue of high travel costs due to your current car's low gas mileage and have started to look for a solution.
in the aaa triangle framework developed by ghemawat, which of the following is the strategy of choice for organizations whose goal is to raise revenues and market share by optimizing their products and services for local markets? adaptation , not selected incorrect answer: accomodation aggregation , not selected arbitrage
The strategy of choice for organizations whose goal is to raise revenues and market share by optimizing their products and services for local markets is Adaptation.
Adaptation is part of the three A's of the Aaa triangle framework developed by Pankaj Ghemawat, which include Adaptation, Aggregation, and Arbitrage. Adaptation means making products and services tailored to local needs and preferences, instead of offering a single global product.
This could include changing the product's design, flavors, packaging, or target market. This strategy is best for organizations who are looking to target the local markets, as the localized products and services are more likely to appeal to them.
Furthermore, it helps increase the revenues and market share of the organization.
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problem 9-30 (algorithmic) (lo. 5) brutus corporation transferred inventory (basis of $75, fair market value of $225) and machinery used in a u.s. factory (adjusted basis of $375, fair market value of $563) to mapleleaf, a newly formed corporation in canada, in exchange for all of mapleleaf's stock. brutus previously deducted $225 of depreciation related to the machinery on its u.s. tax return. how much gain, if any, must brutus recognize on the transfers of the property to mapleleaf?
Brutus Corporation must not recognize any gain on the transfer of the property to Mapleleaf. This is because the realized gain on machinery is negative.
What is the gain on transfer of property?The machinery's adjusted basis is $375, the fair market value is $563, and Brutus Corporation had earlier deducted $225 of depreciation related to the machinery. Thus, the machinery's adjusted basis is $150 after taking into account the depreciation of $225.
Brutus Corporation transferred the inventory and machinery to Mapleleaf, which is a newly established corporation in Canada, in exchange for all of its stock. The inventory's basis is $75, and the fair market value is $225. Since Brutus Corporation received all of Mapleleaf's stock in exchange for the transferred property, this was a like-kind exchange.
In this case, the recognized gain formula must be used to determine the recognized gain that Brutus Corporation must report on its tax return. When a like-kind exchange happens, a gain must be recognized. When the property's fair market value is greater than the property's basis, a gain must be recognized.
To calculate the recognized gain on machinery as follows:
Realized gain = Fair market value of property received - Adjusted basis of property transferred
Fair market value of property received (Stock received) = $0
Adjusted basis of machinery transferred = $150
Realized gain on machinery = $0 - $150 = -$150
Since, the resulting value is a negative value, there is no recognized gain. Therefore, Brutus Corporation must not recognize any gain on the transfer of the property to Mapleleaf.
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