The fact that she still owes 90% of the selling price, means that she just paid 10%, and these 10% make $3000.
Therefore, the total price is 10 times of $3000, i.e, $30,000
What is meant by selling price ?
The selling price of a good or service is the final cost to the seller, or what the buyer actually pays. A commodity or service in a specific amount, weight, or measurement can be exchanged.
It is one of the most crucial things for a business to decide. It is significant since it determines whether or not it will survive. Sales of a product are directly impacted by its price.
That price might be set at a minimum, maximum, or an average of the two. Prices can be set based on location, demand, market, and the time of year or season. Another smart move is to observe what our rivals are doing.
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For a market system to maximize its potential, it must develop methods for ______.
A market system must develop techniques for determining and managing risk if it is to reach its full potential.
A market system is what?
A market system is a group of buyers, sellers, and other participants who get together to conduct business in a certain good or service.
A market system's participants include:
Direct market participants who fuel economic activity in the market include producers, buyers, and consumers suppliers of auxiliary products and services, such as financial institutions, manufacturers, and consulting firms regulatory agencies, infrastructure providers, and business associations are examples of entities that have an impact on the business climate.
A market system might be unique to a product (such as coffee, mangoes, or dairy) or to a broad industry (finance, labor, business development services). System of the poultry market:
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Sally earns 330,000 annually, and claims 3. How much in FICA taxes does she owe?
According to the current rules, FICA taxes are divided into two categories:
Medicare and Social Security taxes.Sally's employer will deduct both taxes from her pay.
How much should Sally Pay?Because she earns above $200,000 she will pay Social Security at the rate of:
0.9% x 330,000
= $2,970; and
and Medicare at the rate of 1.45% that is:
1.45% x 330,000
= $4,785.
Given that FICA = Social Security + Medicare:
Sally, therefore, owes:
$2,970+$4,785
= $ 7,755
What is FICA?The "Federal Insurance Contributions Act" (FICA) is a government payroll payment levied on both employees and employers in the United States to finance Social Security and Medicare—federal programs that give benefits to retirees, persons with disabilities, and children of dead workers.
Is the FICA tax paid by everyone?FICA taxes are paid by almost everyone, including resident aliens and many nonresident aliens. It makes no difference whether you work part-time or full-time. There are, however, certain exceptions. College students, for example, are exempt from paying FICA taxes on earnings earned from on-campus jobs.
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Increases in equity of a particular business enterprise resulting from transfers to it from other entities of something of value to obtain or increase ownership interests is a(n):___________
something of value to obtain or increase ownership interests is a(n): Investments by Owners
What increases ownership interest?
The only way an owner's equity/ownership can build by investing more money in the business, or by increasing profits through increased sales and decreased expenses
What is meant by owner's equity?
Equity, typically termed as shareholders' equity (or owners' equity for privately held companies), represents the amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation
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The loss of which normal property results in the immune system producing antibodies against its own cells?
The loss of Autoimmunity normal property results in the immune system producing antibodies against its own cells
.This is further explained below.
What are antibodies?Generally, a protein found in the blood is created as a reaction to a particular antigen and acts to neutralize it.
Antibodies form a chemical bond with organisms that the body identifies as foreign, such as bacteria, viruses, and other things that are present in the blood that is not naturally occurring.
In conclusion, When the normally occurring trait of autoimmunity is lost, the immune system begins to produce antibodies that target the body's own cells.
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Prepaid expenses should be ______ by the cost of the asset used during the accounting period.
Prepaid expenses should be decreased by the cost of the asset used during the accounting period. Prepaid expenses are those that have been paid for in advance but have not yet been recognized as an expense by a business. In other words, prepaid expenses are outlays that are made during one accounting period but won't be recorded until a subsequent one.
Because they will have future economic benefits, prepaid expenses are originally recorded as assets and are expensed when those benefits are realized (the matching principle). Financial statements of a corporation are unaffected by the initial journal entry for a prepaid expense. Consider the first illustration of prepaid rent. Prepaid rent and cash are both debited in the initial journal entry for prepaid rent.
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The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
true/ false
The statement "The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time" is true.
What is a balance sheet?A balance sheet is basically the snapshot of a company in time, showing its financial position at a certain moment. A balance sheet will include the following:
The company's assets, that is, everything that is owned by the company.The company's liabilities or everything it owes.The owner's equity.What is an income statement?The income statement, also known as the profit and loss statement, is a summary of a company's financial performance, but over a determined period of time.The income statement helps the company adjust and take action whenever things do not go as originally planned. An income statement will include the following:
GainsLossesExpensesRevenuesWith the information above in mind, we can conclude that the sentence provided in the question is true. The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
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A small change in a firm's targeted markets or strategic direction usually has little impact on the value chain.
a. true
b. false
A small change in a firm's targeted markets or strategic direction usually has little impact on the value chain. The assertion is untrue.
What Is a Value Chain?
A value chain is a business model that outlines all the steps involved in producing a good or service. A value chain for businesses that manufacture things includes all of the processes involved in taking a product from conception to distribution, as well as everything that happens in between, such as sourcing raw materials, performing manufacturing tasks, and engaging in marketing activities.
A company conducts a value-chain analysis by reviewing the particular procedures involved in each step of its business. A value-chain analysis' goal is to boost production efficiency so that a business can provide the most value for the least amount of money.
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At wal-mart, the top 200 cds account for more than 90 percent of the music sold. group of answer choices
a. true
b. false
At Walmart, the top 200 CDs account for more than 90 percent of the music sold: (A) TRUE
What do we mean by Walmart?According to the Fortune Global 500 list in May 2022, Walmart is the world's largest company by revenue, with approximately US$570 billion in annual revenue. It is also the world's largest private employer, with 2.2 million employees. The Walton family controls the company, so it is a publicly traded family-owned business. In 1972, Walmart was listed on the New York Stock Exchange. By 1988, it had become the most profitable retailer in the United States, and by October 1989, it had become the biggest in terms of revenue. It is headquartered in Bentonville, Arkansas, and operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States. The top 200 CDs account for more than 90% of music sold at Walmart.Therefore, the statement" at Walmart, the top 200 CDs account for more than 90 percent of the music sold" is (A) TRUE.
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A. financing for public corporations must flow through financial markets true or false
This is a True and Firm Statement.
Financing for public corporations must flow through financial markets
To support existing corporate operations or to finance future expansion, corporations may rely on sources of investment such as borrowed money (debt capital or credit). Debt can take many different forms, including bank loans, notes payable, and publicly traded bonds.
Public enterprises must access financial markets for financing. Private firms must use financial intermediaries to receive funding. The FOREX exchange floors in New York and London are where almost all foreign currency trading takes place.What is a financial market, for instance?Any market where securities are bought and sold is referred to as a financial market. The stock market, bond market, and commodities market are a few examples of financial markets.To Learn more about Financial Markets, Click the links.
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Question 1(Multiple Choice Worth 5 points)
(01.04 MC)
The internal auditor is an important member of the accounting department who is responsible for
creating budgets for hiring new employees
obtaining sources of financing
O ensuring accounting information is accurate
reducing the amount of taxes owed. WILL GIVE BRAINLIEST
Answer: The internal auditor is an important member of the accounting department who is responsible for creating budgets for hiring new employees
Explanation: They investigate financial and professional records to ensure companies and their employees comply with laws and regulations, monitor risks, and evaluate internal controls
pls mark me brainliest ans
Explanation:
An internal auditor (IA) is a trained professional employed by companies to provide independent and objective evaluations of financial and operational business activities, including corporate governance. They are tasked with ensuring that companies comply with laws and regulations, follow proper procedures, and function as efficiently as possible.
The federal legislation that replaces nclb, and articulates broad national goals and serves to guide much of federal educational funding is?
The federal legislation that replaces NCLB articulates broad national goals, and serves to guide much of federal educational funding is ESSA
What is ESSA?President Lyndon B. Johnson signed the Elementary and Secondary Education Act into law in 1965. (ESEA). Johnson's War on Poverty was renewed in December 2015 as part of the Every Student Succeeds Act, which enjoyed significant bipartisan support (ESSA). Equal access to education and closing opportunity gaps are two issues that ESSA prioritizes above all others since they begin before children enter the K–12 system.
The nation's comprehensive K–12 education laws, which recognize the value of early childhood education (ECE) in ensuring kids are ready for kindergarten and do not fall behind later in life, for the first time incorporate early learning across the law.
This includes the Preschool Development Grant Birth through Five program (PDG B-5)—the first-ever funding source specifically designated for early childhood education—which offers states competitive grants to enhance ECE coordination, quality, and access.
Even though the No Child Left Behind Act of 2001, the predecessor to ESSA, permitted investments in early learning, ESSA significantly increases the importance of early learning in the law by encouraging service coordination among communities, encouraging greater alignment with the early elementary grades, and increasing ECE knowledge and capacity among teachers, leaders, and other staff members who work with young children.
Thus, ESSA is doing a great job and this has increased the literacy rate too.
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If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has _____.
If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has raised its prices relative to costs.
What is prices relative to costs?
As you are aware, relative pricing describes how much one thing costs in comparison to another. It is shown as a cost ratio between two commodities or services. To determine a single item's comparable pricing, divide the cost by the cost of another product. Relative pricing, often known as relative cost, describes the price of one item or service in comparison to another at a specific moment. Price fluctuation is the difference between two prices that are offered at about the same time or location.
Therefore,
If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has raised its prices relative to costs.
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Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries:_____
Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries: not to trade because identical production possibilities frontiers would indicate that the two countries face the same opportunity costs, so there are no gains from trade.
What is the production possibility frontier?This is the graph that is used to show the possible combination and the quantities of goods that they can produce when they combine two resources together.
Hence we can say that Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries: not to trade.
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A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is?
Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.
Describe an annuity.
The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.
many annuity types
There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.
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Which settlement option pays a stated amount to an annuitant but no residual value to a beneficiary?
Although a life income settlement option has no residual value for the recipient, it pays the annuity a specified sum.
A life annuity is another name for a life income settlement. For the duration of your beneficiary's life, you can convert the death benefit into the set, recurring payments from an annuity. Based on the beneficiary's anticipated lifetime and the death benefit amount, the insurer guarantees a yearly annuity amount. The life income settlement type offers a continuous flow of payments up to the beneficiary's demise. Although a life annuity is a dependable source of income, there are disadvantages. Your beneficiary might not be able to switch to a different settlement style if you ask for a life-only settlement.
The main goal of the settlement option is to provide the insured with consistent income streams. After the policy's maturity, the insured receives a consistent stream of money from the insurer under the settlement option.
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The regulatory agency that oversees export controls related to commercial and dual-use items is?
The regulatory agency that oversees export controls related to commercial and dual-use items is called The Bureau of Industry and Security (BIS).
What is the Bureau of Industry and Security (BIS)?
The United States Department of Commerce's Bureau of Industry and Security (BIS) handles matters relating to high technology and national security. Aiding in the prevention of the spread of WMDs while promoting the expansion of US exports is one of the bureau's main objectives.
The Bureau of Industry and Security (BIS) promotes ongoing U.S. leadership in strategic technologies while advancing the national security, foreign policy, and economic goals of the country. It does this by ensuring an efficient export control and treaty compliance system.
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Place the stages of evolution of operations management in chronological order, with the oldest one listed first.
Place the stages of evolution of Operations Management in chronological order, with the oldest one listed first Human Relations Movement is the correct answer.
Operations managers must make their first decisions while planning. Managers make decisions about the where, when, and how of production at this point. They choose the locations of the sites and gather the required materials.
Job planning, scheduling, material management, capacity management, facilities management, and quality management are some of the main operations management tasks.
Operations and Supply Chain Management (OSCM) is a vast field that includes tasks including sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfilment, and more. It covers both manufacturing and service industries.
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If net income is $90 million and total assets are $480 million, then the roa is __________.
If net income is $90 million and total assets are $480 million, then the roa is 0.1875 or 18.75%
What ROA means?
A profitability ratio called return on assets shows how much profit a corporation may make from its assets. To put it another way, return on assets (ROA) gauges how effectively a company's management generates revenue from the assets or financial resources that appear on its balance sheet.What is considered a good ROA?
Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great. In general, a corporation is more effective at making profits if its ROA is higher. However, the ROA of any one company must be viewed in the context of its rivals in the same sector and industry.ROA = Net income / Total assets
ROA = $90 million / $480 million
ROA = 0.1875 or 18.75%
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3) mario's home systems has sales of $2840, costs of goods sold of $2180, inventory of $508, and accounts receivable of $432. how many days, on average, does it take mario's to sell its inventory?
84.84 days take Mario's to sell its inventory.
What is meant by Inventory?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.
Data given in the question:
Sales = $2,880
costs of goods sold = $2,220
Inventory = $51
Accounts receivable = $436
Now,
Time taken to sell inventory = 365 ÷ ( Inventory Turnover Ratio )
also,
Inventory Turnover Ratio = [ Cost of goods sold ] ÷ [ Average inventory ]
= $2,220 ÷ $516
= 4.3023
Therefore,
Time taken to sell inventory = 365 ÷ 4.3023
= 84.84 days
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One significant contemporary management challenge is:_________
a. globalization.
b. synergy.
c. management science.
The internationalization of business is a big managerial problem.
Just what is globalization?
The phrase "globalization" describes the increasing interconnection of the world's economies, cultures, and people.as a result of cross-border trade in products and services, technology, and flows of capital, people, and information. Over many years, nations have developed economic alliances to aid in these movements. However, the phrase became well-known in the early 1990s, following the end of the Cold War, since these cooperative agreements influenced contemporary daily life. This guide uses the phrase more specifically to refer to global commerce and some investment flows among advanced economies, with a primary focus on the United States.
Complex and politically fraught, globalization's wide-ranging repercussions are widespread.
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A bond that can be exchanged for another security of the issuing firm is called a(n)?
A bond that can be exchanged for another security of the issuing firm is called an Exchangeable Bond.
In contrast to convertible debt, which is converted into shares or cash when it matures, exchangeable bonds are swapped for shares at the issuer's discretion.
For Example:
Consider, for illustration, a bond issued by Company XYZ that may be converted into shares of Company ABC at a 50:1 exchange ratio. This implies that you could buy 50 shares of ABC stock for every $1,000 in par value of XYZ bonds you currently own.
A bond that can be exchanged for another security of the issuing firm is called an Exchangeable Bond.
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The most significant financial document provided by a governmental entity is:______.
s. the balance sheet.
b. the operating statement.
c. the operating budget.
d. the cash flow statement.
Operating Budget is the most significant financial document provided by a governmental entity. Thus, the correct answer for the question is letter c.
The most important financial report given by a governmental body is the operating budget since the importance of the budget in the governing process is the key characteristic that sets governmental entities apart from the commercial ones.
Balance sheet and cash flow statement are the significant financial documents provided by private entities.
Governments must provide operational budget documents (not operating statement) and access to external financial reports that enable people to compare actual results to the budget, assess the financial health of the government, and assess its efficiency and effectiveness.
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The linking of the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefit is referred to as:__________
The linking of the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefit is referred to as refers to Relationship Marketing
What is Relationship Marketing?To build enduring ties with clients, use relationship marketing. Relationship marketing seeks to build consumer loyalty by offering superior goods and services rather than attempting to promote a one-time purchase. Contrary to most common advertising methods, which emphasize a single transaction watch ad A and purchase product B—this one focuses on many transactions. Contrarily, relationship marketing is frequently unaffiliated with any particular product or promotion. To optimize the value of that relationship for the client, a business must improve its conduct.
Improving internal processes is a key component of relationship marketing. Many clients leave a business because they are dissatisfied with the customer service, not because they didn't like the product. Even in the midst of product issues, customers will be happy if a business streamlines its internal procedures to meet all of its service needs.
Thus, the linking of the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefit is referred to as Relationship Marketing.
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When a borrower defaults, a mortgage lender acquires full legal title to the property using?
A mortgage lender uses rigorous foreclosure to get full legal ownership to a property when a borrower defaults.
It might be complex and a little daunting to look for a loan. You can have analysis paralysis with so many businesses and lending options available. You can reduce the number of potential lenders by knowing how they differ from one another. Obviously, the sort of loan you get matters, but picking the appropriate lender could also help you avoid spending money, time, and irritation. That is why it is so important to look around. Also, the field is congested. There are a variety of lenders, including wholesale lenders, correspondent lenders, mortgage brokers, retail lenders, and direct lenders, some of which may overlap.
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The greater your discount weight, the more your current decisions are driven by the future consequences of those decisions. do you agree? explain.
Yes, a larger discount rate results in a larger weight on the utils you receive from future events. Thus, you will consider future consequences more when making decisions.
A discount made from every day or listing rate providing clients a ten percentage cut fee buy tickets at a reduction. (2) : a proportionate deduction from a debt account typically made for cash or spark off charge.
Reductions are reductions of the normal rate of a product or service so you can achieve or boom income. These discounts—moreover generally called "profits" or markdowns—are applied in a wide form of industries via each stores and producers.
A discount is an amount that is subtracted from the normal price of an item.
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Page four of the closing disclosure lists specific disclosures about the loan, such as the penalty for late payments, whether a demand feature applies, whether the loan can be assumed, and ______.
Page four of the closing disclosure lists specific disclosures about the loan, whether a demand feature applies, such as the penalty for late payments, whether the loan can be assumed, and the use of an escrow account.
A closing disclosure is a five-page form which provides final details about the mortgage loan which you have selected. Thus, it includes the loan terms, how much you will pay in fees, your projected monthly payments, and other costs to get your mortgage.
Suppose when you close on a mortgage, your lender may set up a mortgage escrow account. Here a part of your monthly loan payment is deposited in order to cover some of the costs which is usually associated with home ownership.
Hence, with a mortgage escrow account, you make monthly payments to your lender.
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True or false: in situations where an annual budget deficit exists, cutting expenses from the budget is optimal.
The statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.
What is budget deficit?Budget deficit tend to occur when the expenses or expenditure is higher then the revenue.
Cutting down expenses from the budget is most desirable if we want to have budget surplus. Budget surplus is when revenue is higher than expenditure.
Therefore the statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.
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Oriole company has beginning and ending raw materials inventories of $106000 and $130000, respectively. if direct materials used were $290000, what was the cost of raw materials purchased?
If direct materials used were $290000, the cost of raw materials purchased
$130000-$106000= $24
$290000+$24=$314000
Beginning and ending raw materials inventoriesYou can find the importance of a company's beginning raw materials inventory by bringing all the direct and indirect materials from the start of a specified duration and adding up their costs to discover their total worth. This is the ending raw materials inventory from the prior accounting period. The second inventory type is work-in-process, which is raw materials that are in the cycle of being transformed into finished interests.
If direct materials used were $290000 the cost of raw materials bought was $314000.
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The computation of a capital budgeting project's incremental net income includes?
The computation of a capital budgeting project's incremental net income includes annual revenues - one-time costs - annual depreciation expense.
What is capital budget?
Capital receipts (such as disinvestments, borrowing, loans from public or foreign governments, Reserve Bank of India, etc.) and capital expenditures make up the capital budget. Capital and budget are the two words that make up capital budgeting.
Any business that wishes to invest money in a project without fully understanding the risks and rewards is going to be seen as irresponsible by its owners or shareholders.
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Manufacturing costs include all of the following categories except ________. multiple choice
A. administrative costs
B. direct labor
C. direct materials
D. manufacturing overhead
Answer: administrative cost
Explanation:
