Answer: Encourages innovation
Raises self-esteem
Provides employment
Encourages entrepreneurship
Teaches critical thinking skills
Explanation: All the above five points can be the core points for a business to have a good impact on the society. A business does not only helps to grow the one who is the boss but it also benefits the society in many ways. A business with the above mentioned goals is a boon for the society.
As loan analyst for Second Bank, you have been presented the following information.
Pink Co. Blue Co.
Assets
Cash 120,000 320,000
Receivables 220,000 302,000
Inventories 570,000 518,000
Total current assets 910,000 1,140,000
Other assets 500,000 612,000
Total Assets 1,410,000 1,752,000
Liabilities and Stockholder's Equity
Current liabilities 305,000 350,000
Long-term liabilities 400,000 500,000
Capital Stock and Retained Earnings 705,000 902,000
Total liabilities and Stockholder's equity 1,410,000 1,752,000
Annual Sales 930,000 1,500,000
Rate of Gross Profit on sales 30% 40%
Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. In as much as your bank has reached its quota for loans of this type, only one of these requests is to be granted.
Question:
Which of the two companies, as judged by the information given above, would you recommend as the better risk and why? Assume that the ending account balances are representative of the entire year.
I have the work done...I just need to check my work. I would appreciate any help as soon as possible.
Based on the computed liquidity ratios below, the loan should be advanced to Blue Co. It has better performing liquidity ratios than Pink Co.
What are liquidity ratios?
Liquidity ratios assess a company's ability to pay off its short-term liabilities. Liquidity ratios determine how quickly a company can convert assets and use them to pay off debts. The higher the ratio, the easier it is to clear debts and avoid payment defaults.
Current Ratio = Current assets/Current liabilities
Pink Co. Blue Co.
Current Ratio $910,000/$305,000 $1,140,000/$350,000
= 2.98 = 3.25
Quick Ratio = (Current assets - Inventory)/Current liabilities
Pink Co. Blue Co.
Quick Ratio 910,000-570,000/305,000 1,140,000-518,000/350,000
= 1.11 =1.77
Operating Cash Flow Ratio = Cash/Current liabilities
Pink Co. Blue Co.
Operating Cash Flow Ratio = $120,000/$305,00 $320,000/$350,000
= 0.39 = 0.91
Therefore, Blue company is at better risk due to high liquidity ratios.
To learn more about liquidity ratios, click here:
https://brainly.com/question/30065467
#SPJ1
What is one teneit of continuingyour education after graduating high
OA Agerson with a high school degree can enter the job market and
slant eamingimone immediately
OB A person with a college degree typically eans more than someone
with ahigh schaa degree cover time.
C. Aperson with a high school degree tpically eams more than
somesne with a college degree over time.
D. Aperson who goes on to exam a college degres will have to pay the
full cassts of going to college
Over time, a person with a college degree usually has higher value than someone with only a high school diploma. As a result, choice (B) is the best way to respond.
What is Graduation?When a student graduates, their educational institution presents them with a diploma. Additionally, it can be referring to the connected ceremony. Graduation day is the term used to refer to the day of the ceremony. Commencement, congregation, convocation, or invocation are other names for the graduation ceremony.
Graduation in absentia occurs when a student receives their diploma without actually being present at the ceremony.
Hence, option (B) is accurate.
Learn more about Graduation, from:
brainly.com/question/1585326
#SPJ1
Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan interest and $1,200 for a contribution to her IRA. She had the following income:
If Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya's adjusted gross income is: e. $23,564.
How to find the Adjusted gross income?Tanya Adjusted gross income (AGI)
Wages $22,594
Add Bank interest $320
Add Unemployment $250
Add Alimony (Pre 2018) $2,400
Total gross income $25,564
Claim adjustments:
Less Student loan interest ($800)
Less IRA (1,200)
Taxable income $23,564
($25,564 - $1800 - $1200)
Therefore we can conclude that her taxable income is the amount of $23564.
Learn more about adjusted gross income here:https://brainly.com/question/1931633
#SPJ1
The complete question is:
Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income:
Wages $22,594
Bank interest $320
Unemployment $250
Alimony (Pre 2018) $2,400
What is her AGI?
Choose one answer.
a. None of theseb. $24,994c. $25,564d. $22,594e. $23,564
In the financial abbreviation APR, the A stands for _______. a. approved, b. annual, c. actual, d. average
The answer is option B: "annual."
APR stands for "Annual Percentage Rate." It is a term used to describe the annualized interest rate charged on a loan or credit card. APR is a measure of the cost of borrowing money and is expressed as a percentage. It includes not only the interest rate on the loan, but also any additional fees or charges that may be associated with borrowing the money. The APR helps borrowers compare the costs of different loans and credit cards, as it reflects the true annual cost of borrowing money.
Hope This Helps You!
what is electric home and farm authority?
Answer: The Electric Home and Farm Authority (EHFA) is a nonprofit organization that provides energy efficiency and renewable energy solutions to rural and low-income households. The organization works with local governments, utilities, and other organizations to provide energy efficiency and renewable energy services to rural and low-income households. EHFA also provides education and outreach to help rural and low-income households understand and take advantage of energy efficiency and renewable energy opportunities.
Explanation:
Electric Home and Farm Authority refers to a government program in the United States that aimed to provide electricity to rural areas during the New Deal.
Explanation:An Electric Home and Farm Authority refers to a government program implemented during the New Deal in the 1930s. It aimed to bring electricity to rural areas in the United States that lacked access to it.
The program provided low-interest loans to cooperatives or private companies to build power plants and distribute electricity to rural communities. This initiative helped improve the quality of life in rural areas and contributed to the economic development of those regions.
Some examples of Electric Home and Farm Authorities include the Tennessee Valley Authority (TVA) and the Rural Electrification Administration (REA).
Learn more about Electric Home and Farm Authority here:https://brainly.com/question/36364375
#SPJ2
Which type of agreement does Ronald plan to sign?
Ronald is a first-time entrepreneur. He wants to raise finance for his new business. He does not have any past record of paying off a debt. He has decides to sign a ______
agreement with a bank to get a loan.
The agreement will allow the bank to recover the loan amount by claiming Ronald’s property, personal assets, and investments if he fails to pay off the debt.
Ronald is a first-time entrepreneur. He wants to raise finance for his new business. He does not have any past record of paying off a debt. He has decides to sign a written agreement with a bank to get a loan.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
Learn more about business here:
https://brainly.com/question/2190762
#SPJ1
Who collects income tax that is payable to the federal government?
Income tax that is payable to the federal government is collected by the
.
Answer:
Explanation:
Internal Revenue Service (IRS). The IRS is a federal agency within the U.S. Department of Treasury that is responsible for enforcing the federal tax laws and collecting taxes from individuals and businesses. The IRS also provides taxpayers with guidance on their tax obligations and assists them with filing their taxes.
It is responsible for ensuring compliance with the tax laws and enforcing penalties if individuals or organizations fail to pay the taxes they owe. Additionally, the IRS provides taxpayer services to assist individuals and businesses with understanding and meeting their tax obligations.
Robert believes that entrepreneurship will help you in other aspects of your life. What do you think?
Who is best steel supplier company in Dubai?
Answer:
The best steel supplier company in Dubai is Al Ameen Steel Fabrication Engineering LLC.
Explanation:
One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
Learn more about economies of scale, Here:
https://brainly.com/question/15605103
#SPJ1
John's company acquired 5,000 new customers last year. They spent $20,000 in marketing costs and $15,000 in sales costs. What is John's customer acqu
cost (CAC)?
John's customer acquisition cost (CAC) is $7.
What is customer acquisition cost?Customer Acquisition Cost (CAC) measures the amount a business spends to acquire a new customer. Customer acquisition cost (CAC) — a key business metric — is the total cost of sales and marketing activities, real estate, or equipment required to persuade customers to purchase your product or service.Customer acquisition cost is the cost of acquiring a customer to purchase a product or service. As an important economic unit, customer acquisition costs are often related to customer lifetime value. Customer acquisition cost allows any company to estimate how much money it spends on acquiring each customer. Essentially, Customer acquisition cost is calculated by simply dividing all the costs spent to acquire more customers (marketing costs) by the number of customers acquired during the period in which the costs were spent. We can calculate For example, if a company spends his $100 on marketing in one year and in the same year he gets 100 customers, his Customer acquisition cost will be $1.00.To learn more about customer acquisition cost from the given link :
https://brainly.com/question/15325223
#SPJ1
Answer: $7
Explanation:
I just answered the question
If someone is found to be participating
in Insider Trading, the result could be
A. a promotion
B. award-winning
C. jail time
Answer:
jail time will be a perfect answer for your question.
1. If the consumption function is C = 100 + 0.75Y, I = 300, Tax (T)= 400 and government spending (G) is 600, what will be the equilibrium level of output? Demonstrate your answer with a Keynesian cross diagram. What happens to aggregate output if government spending (G) and Tax (T) rises by 200?
Answer:
Explanation:
The consumption function C = 100 + 0.75Y represents the relationship between consumption and disposable income, where C is consumption and Y is disposable income. The equation tells us that for every dollar of disposable income, consumers will spend 75 cents on consumption.
The equilibrium level of output is determined by the intersection of the aggregate demand (AD) and aggregate supply (AS) curves. The AD curve can be derived by adding together the planned consumption, planned investment, planned government spending and planned net exports. In this case, we have:
AD = C + I + G + NX = C + 300 + 600
The aggregate demand equation becomes AD = 100 + 0.75Y + 300 + 600
The aggregate supply equation represents the relationship between the quantity of goods and services produced and the price level, assuming a fixed level of technology and input prices. For this problem, we are assuming that aggregate supply is perfectly inelastic, meaning it does not change with price level.
Given that G = 600 and T = 400, disposable income will be Y = T + Tr(Y-T) = 400 + 0.8(Y-400)
Therefore, we have the equations:
AD = 100 + 0.75Y + 300 + 600
Y = 400 + 0.8(Y-400)
We can now solve for Y by substituting the second equation into the first:
100 + 0.75(400 + 0.8(Y-400)) + 300 + 600 = Y
Solving for Y, we find that the equilibrium level of output is Y = 2200.
In a Keynesian cross diagram, this point would be represented by the intersection of the AD and AS curve.
If government spending (G) and Tax (T) rises by 200, the AD curve shifts to the right. This means that the aggregate demand for goods and services is increasing, which causes an increase in the equilibrium output. The new equilibrium output (Y) will be greater than 2200 and can be found by solving for the new AD function. With the new AD function, the new output Y can be found by using the same steps that you have done above.
It's worth noting that in the above scenario, We are assuming that the aggregate supply is perfectly inelastic, this means that the price level is constant, if the aggregate supply is elastic, then an increase in AD will also lead to an increase in price level, this is known as inflation, which will affect the value of Y.
Incredible Solutions issued a $1,120-par-value bond that is convertible at $28 per share. The current stock price is $30 per share. Calculate the conversion ratio and conversion value. Should bondholders exercise the conversion option?
If Incredible Solutions issued a $1,120-par-value bond that is convertible at $28 per share.
1. The conversion ratio is 40:1 and conversion value is $44,800.
2. Yes bondholders should exercise the conversion option.
How to find the conversion ratio and conversion value?1. Conversion ratio:
Conversion ratio =Common stock /Convertible per share
Conversion ratio=$1120/$28
Conversion ratio=40 shares
So,
The ratio is 40:1.
Conversion value:
Conversion value = Common stock price c
Conversion value
Conversion value=$1120×40
Conversion value=$44,800
2. Yes bondholders should exercise the conversion option.
Therefore the conversion ratio is 40:1 and the conversion value is $44,800.
Learn more about conversion ratio and value here:https://brainly.com/question/29455739
#SPJ1
What are the specific characteristics that define the private enterprise system? How does this type of system encourage innovation? Provide an example that helps to illustrate this and explain.
Which of the following is information found in the SQ Tool?
Approved services by Service Line
Engagement and SQ Team information
Action items
Engagement terms and conditions
The SQ Tool contains information regarding engagement terms and conditions. Therefore, option D is correct.
For the purpose of measuring, a square is formed by placing two straight edges at right angles to one another. It is utilized by machinists and carpenters to locate holes, verify right angles, and locate holes. Additionally, it can be utilized as a guide when drawing lines on materials prior to cutting them.
As a result, they constitute two of the SAQ's components. As an inspector, you are capable not exclusively to yourself yet additionally to your group, the association, and our partners. Professional pride and taking responsibility for one's work are at the heart of accountability.
Therefore, option D is the best option.
Learn more about squares tools here:
brainly.com/question/12977411
#SPJ2
there is a complementarity between passenger and freight transport system. with some exceptions, such as busses and pipelines, most transport modes have developed to handle both freight and passenger traffic. in some cases both a carried in the same vehicle and in some cases the different modes join to deliver a complete service. what are the advantages of joint operations?
The advantages of the using joint operations in a society includes:
access to new markets and distribution networks.increased capacity.sharing of risks with a partner.access to new knowledge and expertiseaccess to greater resources etc.What does joint operations means in transportation system?In transportation, joint operations refers to the coordination and cooperation between multiple transportation providers or agencies in order to provide more efficient and comprehensive service to customers.
This can include sharing of resources, coordinating scheduling and routing, and cooperating on marketing and fare structures. This operations can take many forms, such as partnerships between bus and rail companies, or between public and private transportation providers.
Most important, main goal of the operation is often to provide more seamless and convenient transportation options for customers, and to make more efficient use of resources.
Read more about joint operations
brainly.com/question/8058435
#SPJ1
When using the formula for calculating the APR, you need to add 1 to one of the values. Which value?
a. the total number of payments
b. amount of loan
c. finance charge
d. number of payment periods in one year
When using the formula for calculating the APR (Annual Percentage Rate), you need to add 1 to the number of payment periods in one year (d).
The APR is a measure of the cost of borrowing money, expressed as a percentage. It takes into account the amount of the loan, the finance charge (the fees associated with borrowing the money), and the number of payments that will be made over the course of the loan.
To calculate the APR, you will need to use the following formula:
APR = (finance charge / loan amount) x (number of payment periods in one year / number of payments) x 100
In this formula, the finance charge is the total amount of money that the borrower will pay to borrow the loan. The loan amount is the principal amount of the loan, or the amount of money being borrowed. The number of payment periods in one year is the number of times that payments will be made over the course of one year, and the number of payments is the total number of payments that will be made over the course of the loan.
By adding 1 to the number of payment periods in one year, you are taking into account the fact that there are typically more than 12 payment periods in a year (for example, if you make monthly payments, there will be 12 payment periods in one year). This ensures that the APR is accurate and reflects the true cost of borrowing the money.
Hope This Helps You!
In calculating the APR, the number to which you add 1 is the number of payment periods in one year, but express as a decimal and not a percent.
Explanation:In the context of calculating the Annual Percentage Rate (APR), you would add 1 to the number of payment periods in one year by converting it from a percent to a decimal. Here is a simple example: If the annual interest rate is 5%, we express it as 0.05, but when we use it to calculate the APR, we add 1 to get 1.05 which is utilized in the formula.
Learn more about APR calculation here:https://brainly.com/question/31868821
#SPJ2
Which of the following best describes a way to use your website to improve the guest experience?
A personal call to the room after check-in to welcome guests
Easy-to-navigate menus with clear shortcuts for booking
Opportunities to accumulate user-generated content
Use of digital key cards for contactless check-in and room entry
The most effective strategy to use your website to enhance the visitor experience is to provide opportunities for user-generated material to gather. As a result, choice (C) is appropriate.
What is meant by guest experience?The interactions you have with your visitors from the time they arrive until they check out are referred to as the guest experience. This phrase is frequently used in the hospitality sector to describe how well your customers are treated.
A positive guest experience is at the very heart of hospitality. Additionally, it should be a key component of your hotel's operations since, if done well, it will encourage clients to leave favorable internet reviews and even become devoted regulars.
Hence, option (C) is accurate.
Learn more about guest experience, from:
brainly.com/question/23973558
#SPJ1
Jeannine is studying cultures and their respective attitude toward proxemics. What is she most likely to discover?
Question 5 options:
which cultures prefer having people stand close to one another
which cultures prefer to keep business interactions more formal
which cultures prefer to make eye contact when conversing
which cultures prefer all scheduled events to begin and end on time
Which cultures prefer having people stand close to one another attitude toward proxemics she is most likely to discover. Thus option A is correct.
What is culture?The term "culture" is a general one that refers to individual interaction, structures, and norms present in modern populations in addition to people that make up these communities as well as their skills, beliefs, including abilities.
Proxemics is the study of how people use space and how population size affects how they behave, communicate, and interact with others. the field of study that examines the distance that people feel they must maintain within themselves and others. Therefore, option A is the correct option.
Learn more about culture, Here:
https://brainly.com/question/11453774
#SPJ1
Which of these is NOT considered an "out-of-pocket" expense?
O Your monthly premium
O A copay of $15 to fill a prescription
O A $1000 deductible if you're in an auto accident
O Excess bills from a car accident once you've gone over your maximum coverage limit
Answer:
c
Explanation:
a $1000 deduct because your insurance covers it.
What is the Average property taxes in Elmont, NY? Thoughts on this amount? Do you think it is worth that amount? Why or why not?
The Average property taxes rate in Elmont, New York is 2.420% which amount to about average property taxes of $12,100 annually. The amount is worth it because it is most likely a uniform rate across the state..
What are property taxes in U.S.?Millions of homeowners pay property taxes each year. Property taxes are levied by cities, counties, and school districts on properties within their jurisdictions and used to fund services.
Property taxes are calculated based on the property's value. This includes the land as well as the structures on it. Typically, tax assessors will value the property every one to five years and charge the owner of record the appropriate rate based on the taxing authority's standards.
Read more about property taxes
brainly.com/question/30107064
#SPJ1
2. What was the reasons/motives of each contributors/authors behind developing such management theory
Explanation:
[tex]Cosθ[/tex]
Cos(θ)
Martin Company expects to have a cash balance of $135,000 on January 1, 2017. Relevant
monthly budget data for the first 2 months of 2017 are as follows:
• Collections from customers: January $246,500, February $435,000.
• Payments for direct materials: January $155,000, February $240,000
• Direct labor: January $90,000, February $135,000. Wages are paid in the month they
are incurred.
• Manufacturing overhead: January $63,000, February $75,000. These costs include
depreciation of $5,000 per month. All other overhead costs are paid as incurred.
• Selling and administrative expenses: January $45,000, February $60,000. These costs
are exclusive of depreciation. They are paid as incurred.
• Sales of marketable securities in January are expected to realize $36,000 in cash.
Martin Company has a line of credit at the local bank that enables it to borrow up to
$75,000. The company wants to maintain a minimum monthly cash balance of $60,000.
Instructions
(a) Prepare a cash budget for January and February.
(b) Martin Company’s chief financial officer feels that it is important to have data for the
entire quarter especially since their financial forecasts indicate some difficult economic
periods in the coming year. March information has been budgeted as follows:
• Collections from customers: $375,000
• Payments for direct materials: $206,000
• Direct labor: Wages paid in March $116,000
• Manufacturing overhead: $64,500. This includes the monthly depreciation of
$5,000.
• Selling and administrative expenses: $51,600. This cost is exclusive of
depreciation.
• Marketable securities of $50,000 can be sold if needed for additional cash.
(1) Prepare a cash budget for March assuming that the company does not sell the
marketable securities.
(2) What is the maximum amount the company can borrow during March? Does this
provide the company with an adequate ending cash balance?
(3) How much does the company need to borrow if the marketable securities are sold?
(4) Comment on the status of the company’s cash budget for March.
(a) The prepared Cash Budget for January and February are:
January:
Beginning cash balance: $135,000Collections from customers: $246,500Payments for direct materials: $(155,000)Direct labor: $(90,000)Manufacturing overhead: $(63,000)Selling and administrative expenses: $(45,000)Sales of marketable securities: $36,000Ending cash balance: $194,500February:
Beginning cash balance: $194,500Collections from customers: $435,000Payments for direct materials: $(240,000)Direct labor: $(135,000)Manufacturing overhead: $(75,000)Selling and administrative expenses: $(60,000)Ending cash balance: $269,500(b)
(1) March Cash Budget (assuming no sale of marketable securities)
Beginning cash balance: $269,500Collections from customers: $375,000Payments for direct materials: $(206,000)Direct labor: $(116,000)Manufacturing overhead: $(64,500)Selling and administrative expenses: $(51,600)Ending cash balance: $166,400(2) The maximum amount the company can borrow during March is $75,000
(3)The amount the company need to borrow if the marketable securities are sold is $5,600
(4) My Comment on the status of the company’s cash budget for March is that The company's cash budget for March is not adequate as the ending cash balance is less than the minimum desired balance of $60,000 even if the company sells the marketable securities.
What is the cash budget?(2) The company can borrow up to $75,000 from the bank. The ending cash balance is $166,400, which is less than the minimum desired balance of $60,000. Therefore, the company needs to borrow more money.
(3) If the marketable securities are sold, the company will have additional cash of $50,000. So, the company needs to borrow $5,600 ($60,000 - $50,000 - $166,400)
(4) The company needs to borrow money from the bank in order to have an adequate cash balance. Depending on the interest rate and the terms of the loan, it's important for the company to assess the costs and benefits of borrowing. It may be beneficial for the company to look for other ways to increase cash balance such as by increasing revenues, cutting costs, or finding alternative sources of financing.
Learn more about cash budget in
brainly.com/question/15865418
#SPJ1
Which accounting regulations body investigates and refers fraud and insider trading cases to the SEC to prosecute?
Ο Α. Financial Industries Regulating Association
OB.
OC.
OD.
hts reserved.
American Institute of Certified Public Accountants
Government Accounting Standards Board
State Board for Accountancy
Reset
Next
Accounting regulations organization Financial Industries Regulating Association conducts investigations and refers fraud and insider trading cases to the SEC for prosecution.
What does SEC stand for?The U.S. Securities and Exchange Commission (SEC) is an independent statutory government organization tasked with safeguarding investors, preserving the fair and orderly operation of the securities markets, and promoting capital formation.
What is the SEC?The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory body tasked with fostering capital formation, preserving the fair and orderly operation of the securities markets, and safeguarding investors. As the initial government regulator of the securities, it was established by Congress in 1934.
To know more about SEC visit:
https://brainly.com/question/28426974
#SPJ1
analyze transaction using t-account:
She invested cash of P500,000 and Furniture
and Fixtures of P175,000.
Effects of transactions:
Dr. Pajanustan invested cash and furniture and fixtures to start the consultancy firm.
The firm purchased a computer, office supplies, accounting software, and equipment, incurring both cash payments and credit.
The firm provided tax services and seminars, earning cash.
The firm paid for staff salaries, rent, utilities, and personal withdrawals by the owner.
The firm made payments on credit purchases and received payments from clients on credit.
The firm incurred expenses for supplies and returned defective furniture.
Copy clear format:
The transaction details are provided in a clear and organized manner.
T-Account:
T-accounts are a visual representation of individual account balances, showing debit and credit entries.
For example, the account for Cash would have debit entries for payments made and credit entries for cash received, resulting in a final cash balance.
Similarly, accounts for accounts payable, accounts receivable, and owner's equity would reflect the changes in their balances due to the transactions.
Journal Entries:
Journal entries are the recording of the transactions in a company's books of accounts, typically in a general journal.
Each transaction would be recorded as a debit to one account and a credit to one or more accounts, depending on the nature of the transaction.
Posting to the Ledger:
Posting to the ledger is the process of transferring the journal entries to the individual accounts in the ledger.
The ledger is where all the account balances are recorded and updated.
The ledger account would be updated with the debit and credit entries from the journal entry, resulting in an updated account balance.
Trial Balance:
A trial balance is a listing of all the accounts and their balances, used to ensure that the total debits equal the total credits.
A trial balance provides assurance that the entries made in the general ledger are mathematically accurate, and can be used to identify errors.
Income Statement:
An income statement, also known as a profit and loss statement, presents the revenues and expenses of a company over a certain period of time, typically one month or one year.
The difference between the revenues and the expenses gives the profit or loss of the company for that period of time.
It is important to note that this information provided is based on the given transactions, and may not reflect the actual process of journal entries, posting to ledger, trial balance, and income statement. Also, to generate a specific financial statement, further classification and adjustments entries would be need it to be done.
Which of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional?
Microblogging
Photo sharing
Text or email
Video sharing
Video sharing, of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional. Thus, option (d) is correct.
What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
According to the social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. The business was the improved as the emotional story to the share as the best choice was the video sharing.
As a result, the video sharing is the best option. Therefore, option (d) is correct.
Learn more about on business, here:
https://brainly.com/question/15826604
#SPJ1
Which of the following are components of the SQ Tool?
Resource plan
SQ Plan
SQ Healthcheck
Engagement agreement
The engagement agreement of the following are components of the SQ Tool. The correct option is D.
What are squares tools used for?Two straightedges placed at a right angle to one another form a square for measurement purposes. Carpenters and machinists use it to locate holes, locate holes, and check that right angles are correct. It can also be used as a guide to drawing lines on materials before cutting them.
Due to this, they make up two of the SAQ's components. As an auditor, you are responsible not only to yourself but also to your team, the organization, and our stakeholders. Accountability is about professional pride and people taking ownership of their work.
Thus, the ideal selection is option D.
Learn more about squares tools here:
https://brainly.com/question/12977411
#SPJ1
9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
To know more about testamentary trust, visit:
https://brainly.com/question/28400559
#SPJ1
You are International Business Manager at a UK based company. Your company has identified USA and Europe as potential markets and wish to expand asap and plans a full-scale expansion. You are requested to analyse both projects and advise.
In considering such large project, you must work out the risk of each project, cost of capital and NPV. Allocate discount rate for each project according to current international business climate and justify why you allocated the discount rate for each region. Discuss how you aim to manage international risks.
Projected cash flows in respective currencies:
Year Net Cash Flow – USA USD Net Cash Flow - Europe EUR
0 -20 million -20 million
1 2 million 2 million
2 4 million 3 million
3 5 million 4 million
4 6 million 8 million
5 8 million 8 million
Instructions:
a. Briefly discuss viability of both projects in today’s global business context. Based on your discussion allocate and justify discount rate for both projects. (30 Marks)
b. How much investment (GBP) is needed for each project and what is the NPV of each project? Use spot and forward exchange rates to discuss. (30 Marks)
c. Considering current world economic climate, the future exchange rates are uncertain. How would you analyse/anticipate the change in exchange rates? Write a brief proposal to mitigate impact of possible exchange rate fluctuations (30 Marks)
d. Discuss your calculations and advise which project should be selected. (10 Marks)
Answer:
a. In order to determine the viability of these projects and allocate the appropriate discount rate, it is necessary to consider the current global business context. This includes factors such as economic conditions, political stability, competition, and other risks specific to each region.
Based on this analysis, the USA project may be considered more viable due to its larger market size and generally more stable economic and political environment compared to Europe. However, the European project may offer potential for growth in certain sectors, such as technology or green energy.
In terms of discount rates, it would be appropriate to allocate a higher rate for the European project due to the greater inherent risks associated with expanding into this region. The discount rate for the USA project could be lower, reflecting the lower perceived risk.
b. In order to calculate the amount of investment needed for each project and the corresponding NPV, we will need to convert the projected cash flows into GBP using the current spot exchange rate. For example, if the spot exchange rate for USD is 1.30 GBP and the spot exchange rate for EUR is 1.20 GBP, the investment needed for the USA project would be £20 million and the investment needed for the European project would be £20 million.
Using a discount rate of, say, 10% for the USA project and 15% for the European project, we can then calculate the NPV of each project as follows:
USA project:
NPV = -£20 million + (£2 million / 1.1) + (£4 million / (1.1^2)) + (£5 million / (1.1^3)) + (£6 million / (1.1^4)) + (£8 million / (1.1^5))
= £2.8 million
European project:
NPV = -£20 million + (£2 million / 1.15) + (£3 million / (1.15^2)) + (£4 million / (1.15^3)) + (£8 million / (1.15^4)) + (£8 million / (1.15^5))
= £2.2 million
c. In order to anticipate and mitigate the impact of exchange rate fluctuations on these projects, it may be advisable to use forward exchange contracts to lock in a specific exchange rate for a future date. This can help to reduce uncertainty and protect against potential losses due to unfavorable movement in the exchange rate.
Additionally, it may be helpful to diversify the currency exposure of the projects by investing in a range of currencies or using currency hedging strategies. This can help to reduce the overall risk associated with exchange rate fluctuations.
d. Based on the calculations above, it appears that the USA project may offer a higher NPV and therefore may be the more attractive option. However, it is important to consider all factors when making this decision, including the specific risks and opportunities associated with each region, as well as the company's overall goals and resources.