The correct option is more meaningful financial info
Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collecting organizations as part of the accounting process. A company's activities, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct overview of financial events across an accounting period. Accounting is the process of documenting financial transactions and using those records to save, retrieve, organize, summarize, and present the findings in different reports and analyses. A profession and subject of study devoted to doing those objectives is accounting. The measuring, processing, and exchange of financial and non-financial information regarding economic entities, such as enterprises and corporations, is known as accounting or accountancy.
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The principles and assumptions that the management of a company uses to record and report its financial information are called?
Answer: GAAP - Generally Accepted Accounting Principles
Explanation:
What is GAAP ?
A group of commonly followed accounting rules and standards for financial reporting is known as generally accepted accounting principles (GAAP or US GAAP). The objectives of GAAP, the standard set by the U.S. Securities and Exchange Commission (SEC), include rules related to every industry as well as descriptions of concepts and principles. GAAP is intended to ensure that financial reporting is fair and accurate throughout all organizations.
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The guiding principles and presumptions that a company's management employs to record and disclose its financial information are referred to as GAAP (Generally Accepted Accounting Principles).
"Generally recognized accounting principles" are a set of regularly used accounting guidelines and requirements for financial reporting. The objectives of GAAP, the standard set by the U.S. Securities and Exchange Commission (SEC), include rules for every industry as well as explanations of concepts and principles.
GAAP seeks to provide fair and honest financial reporting for all businesses.
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Who, or what, is responsible for molding an organization's hr philosophy at every level of the organization?
Organization top management is generally and actually responsible for molding an organization's HR philosophy at every level of the organization during a certain period of the time.
What is an Organization?An organization, or organization see spelling contrasts), is an element like an organization, an establishment, or an affiliation involving one or more individuals and having a specific reason.
A half breed organization is a body that works in both the public sector and the confidential sector all the while, satisfying public obligations and creating business market exercises An intentional affiliation is an organization comprising of workers.
Such organizations might have the option to work without legitimate formalities, contingent upon ward, including informal clubs or coordinating bodies considering an objective which they might communicate as a pronouncement, statement of purpose, or in an informal way reflected in what they do in light of the fact that recall each activity done by an organization both lawful and unlawful mirrors an objective as a main priority.
Therefore The investigation of organizations remembers a concentration for enhancing organizational design.
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Scala naturae was consistent with which other account of organismal formation and diversity?
Scala naturae was consistent with The Old Testament.
What is Scala Naturae ?In order to organize everything in the natural world, both living things and non-living things, Aristotle created the Scala Naturae ("Natural Ladder"). In his Scala Naturae, Aristotle depicted a continuum between "lower" and "higher" kinds of substance.
The species cannot move around on the ladder since everything has its place. This suggests that species are unchangeable.
Humans are the only species that can reason logically, according to Aristotle, who placed them above all other species. Plants and minerals cannot move, although both humans and animals can. Minerals cannot develop and reproduce like people, animals, or plants can.
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What summary measures would be appropriate to describe the variable 'lowbt'?
There are four repeatedly used measures of variability: the range, interquartile range, variance, and standard deviation. The standard deviation is the most typically used and the most important measure of variability.
How do you measure variables in research?Statistical variables can be calculated using measurement instruments, algorithms, or even human control. How we measure variables is called the scale of dimensions, and it affects the type of analytical techniques that can be used on the data, and decisions that can be drawn from it.
Standard deviation uses the mean of the allocation as a reference point and measures variability by regarding the distance between each score and the mean.
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When a company such as staples provides a loyal customer with a relevant coupon, based on previous purchases through his or her mobile phone, while the customer is in the store, this is an example of?
When a company such as staples provides a loyal customer with a relevant coupon, based on previous purchases through his or her mobile phone, while the customer is in the store, this is an example of utilize the product or service.
How Do Coupons Function?
A coupon, also known as a coupon payment, is the annual interest rate that is paid on a bond from the date of issuance until maturity and is expressed as a percentage of the face value. The coupon rate is typically used to refer to coupons (the sum of coupons paid in a year divided by the face value of the bond in question).
It is sometimes referred to as a "coupon rate," "coupon percent rate," and a "nominal yield."
URGENT COUPON
A relevant coupon with regard to the calculation is an amount (which may be positive or negative) expressed as a percentage and determined by the calculation agent to be equal to the quotient of the following
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What is a challenge associated with an outsourcing strategy?
a. lack of economies of scale
b. lack of necessary technology
c. quality-control problems
d. increased cost
e. labor shortage
Quality-control problem is a challenge associated with an outsourcing strategy. So the correct answer is c.
What is the Quality problem?
There is no one definition of quality. Quality control is the process through which goods and services are tested and evaluated to make sure they adhere to a standard, regardless of the relative meaning of the word "value." A company can assess, maintain, and enhance product quality through this method.
Long-term expenditures in quality control techniques can safeguard a business's brand, stop items from being unreliable, and boost consumer confidence. These procedures are chosen after careful methodology, testing, and consideration of best practices.
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Which terms describes the decline of manufacturing paired with an increase in various types of services?
The law of supply states that when prices rise, more of the good will be supplied; conversely, if prices fall, less of the good will be produced.
What name is given to the area of the United States that rapidly deindustrialized starting in the 1970s?The word "rust" describes how these areas have been affected by deindustrialization, economic collapse, population loss, and urban deterioration as a result of the demise of the once-dominant industrial sector, particularly including steelmaking, automotive manufacture, and coal mining.
A technical advancement that reduces the product's marginal cost of production will boost the amount of goods available on the market.
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Sheldon company had owner investments of $1,000; net income during the period of $5,000; and owner withdrawals of $250. the ending balance in the owner's capital account is:__________
The ending balance in the owner's capital account is $5,750.
What is the ending balance?The owner's capital account is an equity account that appears on the balance sheet. The owner's capital account shows the net ownership interest of investors in the business.
The ending balance in the owner's capital account is the sum of investments, net income less any withdrawals. The owner's capital account is used to determine the amount of wealth of the owner.
Net income and owner's investment increase the value of the owner's capital account. While, withdrawals reduce the value of the owner's capital account.
The ending balance = investment + net income - withdrawals
$1000 + $5000 = $250 = $5,750
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For flow-through business entities with individual owners, how many times is flow-through entity income taxes, who pays the tax and what is the tax rate?
The flow-through entities are taxed only once and at the tax rate of 37%.
A pass-through entity can also be referred to as a flow-through entity. This is a type of legal business entity that passes all its income on to the investors or owners of the business. These are common devices to be used to avoid double taxation. Under this system, the income is taxed only at the owner's individual tax rate.
Under a flow-through entity, the business pays no corporate taxes. Sole proprietors, partnerships, and Limited liability companies are mostly taxed by this method. The biggest disadvantage of a flow-through entity is that the owners can be taxed on the income that they did not receive. A corporation or a company cannot be a flow-through entity.
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Identify a modern-day element of the promotional mix that marketers use to communicate with their target markets.
a modern-day element of the promotional mix that marketers use to communicate with their target markets is Direct marketing.
What is meant by direct marketing?Any form of marketing that communicates or distributes with consumers directly, as opposed to indirectly through a third party like the media, is considered direct marketing. Campaigns can be sent using mail, email, social media, and texting, among other distribution methods. Because it typically cuts out the middlemen, such as advertising media, direct marketing is known as such.
Any form of marketing that communicates or distributes with consumers directly, as opposed to indirectly through a third party like the media, is considered direct marketing.
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Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as?
Encouraging or helping a firm's suppliers to achieve in the desired fashion can be directed to as Supplier Management.
What is meant by Supplier Management?Assessing supplier performance, defining and establishing delivery and quality standards, and upholding supplier relationships are all parts of supplier management. Making sure that suppliers meet or exceed the buyer's expectations in terms of quality, delivery, and pricing is the aim of supplier management. Value for money must be acquired from all suppliers, according to the Supplier Manager. He ensures that all contracts with suppliers support the demands of the company and that all suppliers uphold their end of the bargain.
The systematic, enterprise-wide evaluation of a supplier's strengths, performance, and capabilities in relation to the overall business strategy is known as supplier relationship management (SRM). SRM also involves choosing which activities to undertake with various suppliers, as well as planning and carrying out all supplier interactions in a coordinated manner throughout the relationship life cycle in order to maximize the value realized through those interactions.
Creating two-way, mutually beneficial connections with strategic supply partners is the main goal of SRM in order to provide higher levels of innovation and competitive advantage than are possible through independent operation or a standard, transactional purchasing arrangement. Supplier information management, compliance, risk management, and performance management are underlying disciplines that underpin effective SRM.
Hence, Encouraging or helping a firm's suppliers to achieve in the desired fashion can be directed to as Supplier Management.
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How does an increase in the price of laptop memory chips affect the market of laptops if memory chips are inputs in laptops?
If memory chips are inputs in laptops, a price increase for those memory chips will have an impact on the market for laptops by shifting the supply curve for laptops to the left.
What Exactly Is A Memory Chip?
An integrated circuit that can store data or be used to process code is known as a memory chip. It is made up of millions of capacitors and transistors. Random access memory (RAM) and read-only memory are two different types of memory that can be stored on memory chips (ROM). A processor may read but not modify the data that is permanently stored in read-only memory.
Different shapes and sizes of memory chips are available. While some can be linked directly, others require unique drives. Memory chips are crucial parts of computers and other electronic devices where memory storage plays a significant role.
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Few defects will be produced when the actual process variation is __________ than the target variation.
Few defects will be produced when the actual process variation is smaller than the target variation. So the correct option is B smaller
What is variation?
The discrepancy between an ideal and real scenario is referred to as the Law of Variation. The most frequent manifestations of variation or variability are changes in the data, anticipated results, or minor changes in the quality of the output. Four distinct locations are where variation typically occurs:
1 : Special causes
2 : Common causes
3 : Tampering
4 : Structural variation
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In the circular flow example, the amount of income that is flowing into the household sector is ___________ .
In the Circular Flow example, the amount of Income that is flowing into the Household sector is $5000
What is the Circular Flow model?
This refers to an economic model that shows how money moves through society. It captures how money flows from producers to workers as wages and flows back to producers as payment for products, that means that an economy is an endless circular flow of money.
In most typical economic model, the circular flow model starts with the household sector which engages in consumption spending (C) and the business sector which produces the goods.
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This component of the opportunity analysis addresses the role of the community, region, nation, and world relative to your business?
This component of the opportunity analysis addresses the role of the community, region, nation, and world relative to business environmental analysis.
What is community?
A community is a social group of individuals who share a common characteristic, such as a common government, location, culture, or heritage. A community is the main interest of a particular group.
The term “environmental analysis” refers to identifying the variation in society. The primary roles are business-to-opportunity analysis using technology, community, nation, and region.
As a result, the opportunity analysis the role of the community, region, nation into the business is called the environment analysis.
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The most probable price which a property will bring in a competitive and open market under all conditions requisite to a fair sale is?
The most probable charge which a property will carry in a aggressive and open market below all conditions requisite to a fair sale is fair market value.
What truthful market cost means?Cartwright, 411 US 546, honest market fee (FMV) is described as “the price at which the property would exchange fingers between a inclined customer and a willing seller, neither being beneath any compulsion to purchase or to promote and both having realistic information of relevant facts." The FMV is used in many laws and regulations.
What is an instance of fair market value?Example of Fair Market Value
Jane Dale desires to buy a house. She sees John's house for sale and affords him $675,000. The two negotiate the charge and agree on $700,000. Because it is the price John and Jane agree to, the truthful market cost of the residence is $700,000.
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https://brainly.com/question/19452218#SPJ4A decrease in demand while holding supply constant results in ______ in both equilibrium price and quantity.
A decrease in demand while holding supply constant results in a decrease in both equilibrium price and quantity.
This is further explained below.
What is the equilibrium price?Generally, A state of economic equilibrium exists when the driving forces of the economy, such as supply and demand, are in a state of equilibrium with one another, and the values of the economic variables do not change as a result of any outside factors.
In conclusion, Both the price and the quantity of the equilibrium good will fall as a consequence of a reduction in demand while maintaining the status quo of supply.
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Derek, a single taxpayer, has agi of $55,200 which includes $5,000 of qualified dividends. derek does not itemize deductions. what is his 2019 federal income tax?
Based on the fact that Derek does not itemize deductions, then his 2019 federal income tax is $7,540
What is the federal income?With an AGI of $55,000, Derek is in the $40,126 to $85,525 tax bracket.
His tax is:
= $4,617.50 plus 22% of the amount over $40,125
= $4,617.50 + (22% x (50,000 - 40,125))
= $6,790
Capital gains tax:
= 5,000 x 15%
= $750
Total federal tax:
= 750 + 6,790
= $7,540
In conclusion, based on Derek's AGI and the qualified dividends, Derek's 2019 federal income tax was $7,540.
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After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) ______(increase/decrease) in total liabilities or equity.
After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) Increase (increase/decrease) in total liabilities or equity.
This is further explained below.
What is a transaction?Generally, A financial transaction is an agreement or communication between a buyer and a seller to trade products, services, or assets in return for payment.
This may take the form of either spoken or written language.
Any kind of commercial transaction will always result in a shift in the respective financial situations of the parties involved, whether they be people, corporations, or both.
In the world of finance, equity refers to ownership of assets, which may or may not be accompanied by debts or other obligations.
For the purposes of accounting, equity is determined by deducting the value of the liabilities from the value of the assets.
In conclusion, An increase in total assets may be followed by a (n) rise in total liabilities or equity after putting a transaction into the accounting equation.
This may be the case depending on the direction of the transaction.
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As a form four student studying commerce subject you are required to give knowledge to your community as to why it is important for them to pay tax. (Five (5) points) SECTION C: (30 Marks) Answer two (2) questions from this section. An insurance company has received an application from WBC CO. LTD requesting for insurance cover for their electronics équipment against the risk of fire. Explain five (5) factors the Insurance should consider in deciding whether to provide the insurance cover or not. Identify six (6) methods used by the government of Tanzania to protect the local industries for the growth of the economy of Tanzania. You are the one who studied marketing and someone wants to start a business. Advise him/her five (5) necessary conditions he/she should consider before initiating a busines
Paying taxes is important because it generates revenue for the government, which is then used to build and support socialized services and develop infrastructure for citizens.
When Choosing an Insurance Company, Consider These Five Factors
Reputation of the CompanyPriceLegal AccreditationFinancial StabilityCustomer ServiceStarting a Small Business
Refine your concept.Make a business plan.Examine your financial situationChoose your legal business structure.Register with the government and the Internal Revenue Service.Purchase a policy of insuranceCreate your team.Select your vendorsAdvertise and brand yourselfExpand your company.Learn more about Small Business here:
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________ management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value.
The art and science of selecting target markets and acquiring, retaining, and attracting customers through the creation, provision, and dissemination of greater customer value is referred to as marketing management.
Market opportunity identification is done by marketing management, which then develops suitable strategies for profitably pursuing those opportunities. It must put a marketing strategy into place and continually assess the efficiency of the marketing mix. It needs to fix the issues with how marketing plans, policies, and procedures are really carried out. It takes care of the company's marketing system. Marketing management streamlines the transfer of ownership of goods and services from seller to buyer. Like all other disciplines of management, marketing management entails the duties of planning, organizing, directing, coordinating, and managing.
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Paul savage purchased a restaurant named burger haven from larry jones. the purchase would cause the number of reporting entities to?
Paul Savage purchased a restaurant named Burger Haven from Larry Jones. The purchase would cause the number of reporting entities to: remain constant
What is the impact of the acquisition on number of entities?
The fact that the purchase of restaurant is outright purchase, I mean does not require that a new entity is involved which would be owned by Paul savage and Larry Jones, means that the number of entities after the deal is finalized remains the same because the Burger Haven remains what it was prior to acquisition, the only difference is that ownership has changed hands from Larry Jones to Paul Savage.
In other words, the number of reporting entities in this transaction would continue to remain the same as there was special situation that requires that the restaurant acquired to a newly formed entity which would increase the number of reporting entities in this instance.
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Adidas group owns reebok, rockport, and taylormade brands. having a variety of brands allows adidas to?
Adidas Group owns Reebok, Rockport, and TaylorMade brands. Adidas uses different brands, and having a variety of brands allows Adidas to
differentiated targeting.
What is differentiated targeting?
When a corporation decides to offer distinct products to each target market category, it uses a differentiated marketing approach. Additionally known as multisegment marketing. The corporation targets each category differently since each one receives special rewards.
Profitability is increased by using a targeted strategy that is differentiated. The business is able to secure the backing of the greatest number of customers.
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If william earns a 10 percent return and kate earns a 7 percent return on investments with the same risk, the additional 3 percent return on william's investment is a(n) _____.
If william earns a 10 percent return and kate earns a 7 percent return on investments with the same risk, the additional 3 percent return on william's investment is a the sum of the long-term growth rate of real economic output.
The Value of Economic ProductionMonitoring economic output is crucial to figuring out whether a country's economy is producing more or less. It is a crucial measure of whether a country's economy is expanding or lagging behind expectations. Economic output can be compared across time periods to determine how well a nation is doing.
Comparing the outputs of various countries can be done using economic output. To compete in the sphere of international economics, this is possible, and evaluating output is a technique to determine whether a country needs to develop ways to create more or pace out its production. Nations can work together more effectively by measuring each other's production.
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A stock sold at $32 per share in 2006. by 2016 the price per share was $65. what was the annual rate of increase for the stock?
The annual rate of increase for the stock was 3.3
Whenever we are given two independent and two dependent variables and we need to find the change between them, we are required to find the slope.
So, according to the given information, we have
Independent variables = time
So,
X1 = 2006
X2 = 2016
Dependent variables = stocks
Y1 = $32
Y2 = $65
Solution
From the equation of slope or the rate of change, we know
Rate of change/increase of stock = Y2-Y1/X2-X1
Putting the values in equation, we get
Rate of increase of stocks = 65-32/2016-2006
= 33/ 10 = 3.3
So, we can say that the rate of annual increase of stocks was 3.3.
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Competition among sellers and government diffuses economic power within the economic units that make up an economy. True or false
The answer is false. Economic power is dispersed throughout the economic units that comprise an economy via competition between retailers and the government.
By market economy, what do you mean?Economic power is dispersed throughout the economic units that make up an economy via competition between retailers and the government. False or true
Supply and demand, two economic factors, govern the creation of goods and services in a market economy. Market economies are built on free transaction and are not governed by a central authority (such as a government).
Since the pricing in a capitalist sort of economy is set by market forces, rather than by government involvement, the word "capitalist economy" is a good alternative to "market economy."
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Given the following linear demand forecast: demand = 50 10 x (where x is the desired forecast period), what is the predicted forecast at period 7?
The predicted forecast at period 7 is 120
Calculation of the predicted forecast at period 7:
Since there is linear demand forecast: Demand = 50 + 10 X (where X is the predicted forecast at period 7)
So,
= 50 + 10X
= 50 + 10(7)
= 50 + 70
= 120
What is Demand Forecast?
Demand forecasting is the technique of estimating and predicting future consumer demand for a good or service using predictive analysis of previous data. By estimating future sales and revenue, demand forecasting assists the company in making more educated supply decisions. Utilizing previous sales data to estimate future sales, organisations may use demand forecasting to maximize inventory. This allows them to make well-informed decisions about anything from inventory planning and warehousing requirements to running flash sales and satisfying consumer expectations.
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In the 3rd quarter of 2015:____
a. intel had a revenue of 55.89 billion
b. amd had a operating margin of .30
In the 3rd quarter of 2015 intel had a revenue of 55.89 billion.
Intel revenue for the twelve months ending June 30, 2022 was once $73.394B, a 5.44% decline year-over-year.
Intel annual income for 2021 was $79.024B, a 1.49% expand from 2020. Intel annual revenue for 2020 used to be $77.867B, a 8.2% enlarge from 2019. Intel annual income for 2019 was once $71.965B, a 1.58% expand from 2018.
Is Intel in the boom stage?Despite the snags of late, Intel has a file of properly sales increase and consistently high quality earnings. That's the mark of a classic-growth firm. Don't assume them to develop sales with the aid of double digits each and every year, however do anticipate them to generate stable profits--and perhaps even pay out a desirable dividend.
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https://brainly.com/question/24195696#SPJ4Jon is using _______ when he bases his decision to purchase textbooks on price, condition, and location. multiple choice question.
Jon is using evaluative criteria when he bases his decision to purchase textbooks on price, condition, and location. Thus the correct option is B.
What is the Price?A price is referred to as an amount paid by an individual on the purchase of any product. This price of a product is based on the factors like cost of production, packaging, promotion, and so on.
Evaluative criteria are referred to as a technique in which a decision or judgment is taken based on the factors of evaluation. In this case, John is taking a decision based on factors like price, condition, and location to purchase a textbook.
Therefore, option B evaluative criteria are appropriate.
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The complete question is
Jon is using __________ when he bases his decision to purchase textbooks on price, condition, and location.
A. determinant attributes
B. evaluative criteria
C. habitual buying
D. personal preferences
Roi is most appropriately used to evaluate the performance of:_______
a. revenue center managers.
b. both profit center managers and investment
c. center manager
Roi is most appropriately used to evaluate the performance of both profit center managers and investment Option(b) is correct. ROI is a well known metric as a result of its flexibility and effortlessness.
What is Rate of Investment?Return on investment (return for money invested) is a presentation measure used to assess the productivity or benefit of an investment or look at the effectiveness of various investments.
Basically, ROI can be utilized as a simple measure of an investment's productivity. This could be the ROI on a corporate security, the ROI an organization anticipates on extending a plant, or the ROI created in a land transaction.
The actual calculation is straightforward, and it is generally simple to decipher for its great many applications. On the off chance that an investment's ROI is net positive, it is likely beneficial. Yet, assuming different open doors with higher ROIs are accessible, these signs can help financial backers dispose of or select the most ideal options.
Therefore Option(b) is correct.
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