Goods that do not exist at the time of the sales transaction but are expected to come into the possession of the seller are considered "future goods."
These are items that are not yet produced, manufactured, or procured by the seller, but they are anticipated to be available in the future. Future goods can be subject to sales contracts, where the buyer agrees to purchase the goods once they are produced or become available. Such contracts often outline the terms and conditions for the sale, including delivery dates, prices, and quality specifications.
These arrangements provide both the buyer and the seller with security and predictability, enabling better planning and allocation of resources. In summary, future goods refer to items not yet in the seller's possession but are expected to be obtained and sold in a later sales transaction.
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2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many has she completed?
A. 3
B. 5
C. 9
D. 12
To be a kindergarten teacher do you need university
Use the figure below io answer the following questions. 600 400 $200 2,000 2,500 3,000 3,500 4,000 200 Income -400 a. What are the MPC,the MPS, and the multiplier? 5 b. If the economy is currently in equilibrium at point a, and full employment income how much in additional expenditures is needed to move this economy to is $4,000, full employment? What is this level of spending called? at the economy is currently in equilibrium at point a and full employ- ment income is $4,000. How much of a tax decrease would be required to move the economy to full employment?
The MPC is 0.8, the MPS is 0.2, and the multiplier is 5.
To find the MPC (marginal propensity to consume), we look at the change in consumption divided by the change in income. In this case, consumption increases by $600 while income increases by $800 (from $2,000 to $2,800).
So, MPC = 600 / 800 = 0.8. To find the MPS (marginal propensity to save), subtract the MPC from 1 (MPS = 1 - MPC). In this case, MPS = 1 - 0.8 = 0.2. The multiplier can be calculated as 1 / (1 - MPC) = 1 / 0.2 = 5.
To achieve full employment at $4,000, an additional $1,000 in spending is needed. This spending is called the autonomous spending. To calculate the tax decrease required, divide the required spending increase by the multiplier: $1,000 / 5 = $200 tax decrease.
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complete question:
Use the figure below to answer the following questions.
600 400 $200 2,000 2,500 3,000 3,500 4,000 200
Income -400
a. What are the MPC, the MPS, and the multiplier?
b. If the economy is currently in equilibrium at point a, and full employment income how much in additional expenditures is needed to move this economy to is $4,000, full employment?
What is this level of spending called?
at the economy is currently in equilibrium at point a and full employment income is $4,000.
How much of a tax decrease would be required to move the economy to full employment?
The interest on a loan plus the charges and fees is known as the___
A. Gross interest
B.annual percentage rate
C. Adjustable rate
D. Fixes interest rate
The interest on a loan plus the charges and fees is known as the: B. annual percentage rate
What is annual percentage rate?Annual percentage rate can be defined as the interest rate on a loan which includes the charges as well as the fees.
The annual percentage rate help to determine or measure the amount a lender charges the borrower per annual or per year.
Therefore the correct option is B.
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Answer:
b Apr
Explanation:
i got it right
List 5 expenses that are fixed (ie. something you have to
pay each month and doesn't change
Answer:
food
toiletries
clothing
education
rent
Goal Setting Exercise Setting And Achieving Goals Is The Hallmark Of Successful Companies And Is A Critical Element Of A Strategic Plan. The First Approach To Specifying Goals And Objectives Begins With A Review Of Your Company’s Mission Statement. What Did You State Were Your Goals As A Company? Another Way To Think About Business Goals Is To Consider
Goal Setting Exercise
Setting and achieving goals is the hallmark of successful companies and is a critical element of a strategic plan. The first approach to specifying goals and objectives begins with a review of your company’s mission statement. What did you state were your goals as a company? Another way to think about business goals is to consider each of the categories into which most goals fall:
Efficiency goals are directed at increasing your company’s everyday effectiveness. They may involve things like order tracking, office management, or customer follow-up. They address changes that you can make in your operations that will make a difference in your overall effectiveness. Examples of efficiency goals are: Decrease time to market or Reduce material costs.
Problem-solving goals address specific challenges that confront your business, such as low employee morale or quality of service issues. First brainstorm the biggest problems that face your company, and then write goals that can solve them. Examples of problem-solving goals are: Improve customer satisfaction or Increase brand awareness.
Profitability goals set your sights on where you want your bottom line to be. When all is said and done, profit is the No. 1 goal. Examples of profitability goals are Reduce operational costs or Generate new sources of revenue.
Write some goals that you think are absolutely, positively essential to your business success. After you decide on your goals, list the objectives you must meet in order to achieve your goals. Objectives are the specific steps you and your company need to take in order to reach each of your goals. They specify what you must do — and when. Think of goals and objectives this way:
Goals tell you where you want to go; objectives tell you exactly how to get there.
Goals are typically described in words; **objectives come with numbers and dates**.
*Be sure to include SMART elements when writing your objectives (Specific, Measurable, Achievable, Relevant, and Time-based)
Please list your goals, then at least two objectives you must reach to achieve each of your goals.
Goal #1 (efficiency goal): _______________________________________________________________________
_____________________________________________________________________________
Objective #1: ____________________________________________________________
_______________________________________________________________________
Objective #2: ____________________________________________________________
_______________________________________________________________________
Goal #2 (problem-solving goal): ____________________________________________________
_____________________________________________________________________________
Objective #1: ____________________________________________________________
_______________________________________________________________________
Objective #2: ____________________________________________________________
_______________________________________________________________________
Goal #3 (profitability goal): _______________________________________________________________________
Objective #1: ____________________________________________________________
_______________________________________________________________________
Objective #2: ____________________________________________________________
_______________________________________________________________________
Goal #4 (other goal): ____________________________________________________________
_____________________________________________________________________________
Objective #1: ____________________________________________________________
_______________________________________________________________________
Objective #2: ____________________________________________________________
_______________________________________________________________________
Goal setting is crucial for business success, and it involves defining the company's goals and objectives. Goals can be categorized into efficiency goals, problem-solving goals, profitability goals, and other goals. Objectives, on the other hand, outline the specific steps and targets that need to be achieved to fulfill each goal. They are SMART (Specific, Measurable, Achievable, Relevant, and Time-based). In this exercise, goals and objectives are listed for each category.
In this goal-setting exercise, the company is required to identify goals and objectives in different categories. The first category is efficiency goals, which focus on increasing everyday effectiveness. Examples of efficiency goals could include decreasing time to market or reducing material costs. For each efficiency goal, at least two objectives need to be defined, specifying the specific steps and targets to achieve the goal.
The second category is problem-solving goals, which address specific challenges faced by the business. These could include improving customer satisfaction or increasing brand awareness. Similar to efficiency goals, objectives should be outlined to address each problem-solving goal.
The third category is profitability goals, which aim to set targets for the company's bottom line. Examples could be reducing operational costs or generating new sources of revenue. Objectives must be established to outline the actions needed to achieve these profitability goals.
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How do I consolidate a balance of two companies, where Company A has 25% of Company B and a controlling interest?
Answer:
Acquisition method
Explanation:
Choose the correct answer from the alternatives given below
1.1.1
The state aims to bring about a more equal distribution of income by using...
A. Proportional personal income tax
В. Progressive personal income tax
C. Regressive personal income tax
Answer: proportional personal income tax
Explanation: because it gives everyone the same about of tax no matter the income
Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
writer's block is a common problem that students face when having to write essays. in fact, writer's block even occurs for many persons when they have to write on the job.
To alleviate writer's block, you can try writing down the main points of the subject in order to develop your argument or the main theme. Also, for employees, it is essential to proofread, edit, and review work to ensure that the message is correctly conveyed to the target audience.
Writer's block is a common problem that students face when having to write essays. In fact, writer's block even occurs for many people when they have to write on the job. An essay is a piece of writing that involves putting down ideas on paper, either for academic or personal reasons. The inability to come up with the right words when writing an essay is referred to as writer's block. It is common for students and employees alike to experience writer's block. To get past this hurdle, it is recommended to begin writing anything that comes to mind, which is referred to as "free writing," and then editing it later when you have some material to work with.
Moreover, taking a break and relaxing your mind can help. You can go for a walk, do something else, or listen to some music to relax your mind. However, procrastination must be avoided. A few students feel that they work best under pressure, but procrastination can cause you to produce substandard work in the end. Writing is an essential skill in most jobs today. It is common to experience writer's block on the job.
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Why is real GDP per person used as a measure of well being?
A country's GDP is significant because it provides data on the size and health of the economy. Real GDP growth is frequently taken into account when assessing the state of the economy as a whole.
Why is the GDP frequently used as the primary indicator of human wellbeing?We can therefore determine the average person's income and spending patterns in the economy by looking at GDP per person. mainly because most people would like to earn more money and enjoy bigger expenses.
What benefits does GDP have over other wellbeing indicators?Given that it effectively measures a country's purchasing power over a specific time period, using GDP as a gauge of a country's economy makes sense.
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what led to pakistans economic crisis? what role did chinas belt and road initiative play
Pakistan's economic crisis was mainly driven by several factors, including fiscal imbalances, high inflation, and mounting external debt. The China-Pakistan Economic Corridor (CPEC), a key part of China's Belt and Road Initiative (BRI), played both positive and negative roles in Pakistan's economy.
On one hand, the CPEC brought infrastructure development and investment, contributing to economic growth.
On the other hand, the large-scale projects led to an increase in imports and external debt, contributing to the balance of payment crisis.
Overall, the CPEC's impact on the crisis was complex, but it was only one of several factors leading to Pakistan's economic challenges.
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What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
How do you calculate the profit margin for a business?
Answer:
by dividing your net income by your revenue (net sales)
then multiply your answer by 100
(ni/r)×100
The formula for calculating profit margin is:
( Total Revenue - Total Expenses ) / Total Revenue.
1.What is a farm business plan used for?
2.What environmental issues could have a negative effect on a farm?
3.Why is knowing agricultural statistics, background info, and soil characteristics about the territory in which your farm is located important?
Answer:
1. A farm business plan is used to outline the goals, strategies, and financial projections for a farm, and to guide decision-making and management.
2. Environmental issues that could have a negative effect on a farm include soil erosion, drought, flooding, pests and diseases, climate change, pollution, and loss of biodiversity.
3. Knowing agricultural statistics, background information, and soil characteristics about the territory in which your farm is located is important because it helps farmers make informed decisions about what crops to grow, how to manage the land, and how to address challenges and opportunities. This information can help farmers optimize their resources, improve their yields and profitability, and minimize risks and negative impacts on the environment.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Niat ny mau bikin dua akun tapi malah kesasar :(
Answer:
I'm lost and I don't understand your language
Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jose create?
This question is incomplete but will answer this based on what I guess you're asking.
Answer and Explanation:
Assume there are 10 employees for the small factory that makes shoes.
Let's assume each non-salary employee spends 30 minutes on each pair of shoes before it finishes, and charges $10 per hour.
1000 pairs of shoes would take 1000×0.5×10= 5000 hours(208 days and a few hours)
Total budget for non-salary employees= 5000 hrs×$10= $50000
Therefore Jose would need a $50000 budget given the variables above.
According to a 2018 article in Esquire magazine, approximately 70% of males over age will develop cancerous cells in their prostate. Prostate cancer is second only to skin cancer as the most common form of cancer for males in the United States. One of the most common tests for the detection of prostate cancer is the prostate-specific antigen (PSA) test. However, this test is known to have a high false-positive rate (tests that come back positive for cancer when no cancer is present). Suppose there is a 0.02 probability that a male patient has prostate cancer before testing. The probability of a false-positive test is 0.75, and the probability of a false-negative (no indication of cancer when cancer is actually present) is 0.20.
Let C = event male patient has prostate cancer
+ = positive PSA test for prostate cancer
- = negative PSA test for prostate cancer
a. What is the probability that the male patient has prostate cancer if the PSA test comes back positive (to 4 decimals)?
0.0214 [I did this part correctly but I had trouble finding the other parts, they kept marking them incorrectly]
b. What is the probability that the male patient has prostate cancer if the PSA test comes back negative (to 4 decimals)?
c. For older men, the prior probability of having cancer increases. Suppose that the prior probability of the male patient is 0.3 rather than 0.02. What is the probability that the male patient has prostate cancer if the PSA test comes back positive (to 4 decimals)?
d. What is the probability that the male patient has prostate cancer if the PSA test comes back negative (to 4 decimals)?
Answer:
a) Probability of prostrate cancer given a positive test is P(C|+) = 0.0213
b) Probability of cancer given a negative test is P(C|-) = 0.0161
c) Probability of prostrate cancer given a positive test is P(C|+) = 0.3137
d) Probability of cancer given a negative test is P(C|-) = 0.2553
Explanation:
Probability male patient has prostate cancer, P(C) = 0.02
Probability male patient does not have prostrate cancer P(C') = 1 - 0.02 = 0.98
Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = 0.75
P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2
P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25
Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.
a) Probability of prostrate cancer given a positive test is P(C|+)
According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)
For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')
P(+) = (0.8 * 0.02) + (0.75 * 0.98) = 0.751
Therefore, P(C|+) = P(+|C)P(C)/P(+)
P(C|+) = (0.8 * 0.02)/0.751 = 0.0213
b) Probability of cancer given a negative test is P(C|-)
According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)
P(-) = P(-|C)P(C) + P(-|C')P(C')
P(-) = (0.2 * 0.02) + (0.25 * 0.98) = 0.249
Therefore, P(C|-) = (0.2 * 0.02)/0.249
P(C|-) = 0.0161
Part 2: Given the following;
Probability male patient has prostate cancer, P(C) = 0.3
Probability male patient does not have prostrate cancer P(C') = 1 - 0.3 = 0.70
Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = = 0.75
P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2
P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25
Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.
c) Probability of prostrate cancer given a positive test is P(C|+)
According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)
For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')
P(+) = (0.8 * 0.3) + (0.75 * 0.7) = 0.751
Therefore, P(C|+) = P(+|C)P(C)/P(+)
P(C|+) = (0.8 * 0.3)/0.765 = 0.3137
d) Probability of cancer given a negative test is P(C|-)
According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)
P(-) = P(-|C)P(C) + P(-|C')P(C')
P(-) = (0.2 * 0.3) + (0.25 * 0.7) = 0.235
Therefore, P(C|-) = (0.2 * 0.3)/0.235
P(C|-) = 0.2553
Prostate cancer is a type of cancer that can be detected by the PSA test. The probability of prostate cancer given a positive test is 0.0213 and 0.3137.
What is PSA?Prostate-specific antigen (PSA) test is a diagnostic test that screens for prostate cancer and is a blood test.
Given,
Probability of prostate cancer P(C) = 0.02
Probability of absence of prostate cancer P(C') = 0.98
Probability of false positive P(+|C') = 0.75
Probability of false negative P(-|C) = 0.2
Probability of absence of cancer in negative test = 0.25
Probability of presence of cancer in positive test = 0.8
The probability of the male patient suffering from prostate cancer in case of a PSA reading of 0.0214 is,
By Baye's theorem:
\(\begin{aligned} \rm P(C|+) &= \rm \dfrac{ P(+|C)P(C)}{P(+)}\\\\\rm P(+) &= (0.8 \times 0.02) + (0.75 \times 0.98)\\\\&= \dfrac{(0.8 \times 0.02)}{0.751} \\\\&= 0.0213\end{aligned}\)
The probability of cancer given a negative test P(C|-) is calculated as:
\(\begin{aligned} \rm P(-) &= \rm P(-|C)P(C) + P(-|C')P(C')\\\\\rm P(C|-) &= \dfrac{(0.2 \times 0.02)}{0.249}\\\\&= 0.0161\end{aligned}\)
For the next part, the probability of prostate cancer given a positive test P(C|+) is calculated as:
\(\begin{aligned} \rm P(C|+) &= \rm \dfrac{P(+|C)P(C)}{P(+)}\\\\\rm P(C|+) &= \dfrac{(0.8 \times 0.3)}{0.765} \\\\&= 0.3137\end{aligned}\)
The probability of cancer given a negative test P(C|-) is calculated as:
\(\begin{aligned} \rm P(-) &= \rm P(-|C)P(C) + P(-|C')P(C')\\\\\rm P(C|-) &= \dfrac{(0.2 \times 0.3)}{0.235}\\\\& = 0.2553\end{aligned}\)
Therefore, the probability of prostate cancer with a positive test is 0.0213.
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The process of ensuring that the strategic goals set at the top align with more specific short-term goals at lower organizational levels is known as ______ goals.
The process of ensuring that the strategic goals set at the top align with more specific short-term goals at lower organizational levels is known as Aligned goals.
How to achieve aligned goal?It involves strategic planning of activities in the organization, allocation of resource that is needed to achieve those goals and strategic decisions to be made in achieving the goal.
Therefore, the process of ensuring that the strategic goals set at the top align with more specific short-term goals at lower organizational levels is known as Aligned goals.
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Answer:
Cascading
Explanation:
"Which asset allocation is BEST for a 35-year old single risk tolerant investor looking to achieve the highest returns?"
Answer:
95% stocks /5% Money Markets
Explanation:
It is advisable for an investor that is relatively risk tolerant should consider devoting more of their money into stocks based investment, especially for a young, single investor who is willing to achieve highest return such that such an investor will be more likely to stay invested during the short periods of bear market fluctuations
Investment should be made based on the asset allocation plan. For a person looking to make high returns in about 20 years, he does not need to be very concerned about the stock market short-term fluctuations, compared to a person looking to put their ward through college in a few years time who should be more inclined to fixed income safer investments.
which are examples of unintended consequences? in late 1989 mexico city started its "no drive day" program, which consisted of restricting the circulation of cars according to their plates last digits. to drive to work every day people then bought second‑hand cars whose plates had different last digits from the ones they already owned. when it was the "no drive day" for one car, people used the other car. as there were more old cars on the road, pollution increased. during the deportation of criminals from great britain to australia, the transport companies were compensated based on the number of prisoners shipped and not on the number of those delivered to destination. a large number of prisoners ended up dying on‑board. in 1988, ford global technologies launched its employee patent incentive award program which provided financial rewards to ford employees who had submitted new inventions. according to the "too big to fail" theory, a government has the incentive to support and eventually bail out large distressed financial institutions, as their failure would have devastating consequences for the economy as a whole. on the ground of this theory, before the 2008 financial crisis a number of big american financial institutions took excessive risk without considering its systemic consequences.
Examples of unintended consequences include the "no drive day" program in Mexico City, where the restriction on car circulation led to people buying second-hand cars and increasing pollution.
During the deportation of criminals from Great Britain to Australia, transport companies were compensated based on the number of prisoners shipped, resulting in a large number of deaths. Ford's employee patent incentive program led to an increase in risk-taking without considering systemic consequences. These examples highlight how well-intentioned actions can have unforeseen negative outcomes.
In conclusion, unintended consequences often occur when the full impact of a decision or policy is not adequately considered.
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Which scenario describes a student filing a permission request for an online source?
Answer: C
Explanation:
Answer:
C
Explanation:
Simba is looking for a financial institution to give him a loan for a new house. Which of these institutions would be LEAST likely to provide this service?
savings and loan institution
credit union
brokerage firm
commercial bank
Answer:
Brokerage firm
Explanation:
Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills
Please select the best answer from the choices provided A B C D
Answer:
C. Listening skills
Explanation:
By listening to a customer, you can determine what they want.
Improving listening skills can help you better understand and help customers.
I hope this helps.
Answer: C edge 2021
Explanation:
ur a real one :)
Choosing the higher education institution with the cheapest sticker price
might be a bad idea because
A.)sticker prices always have hidden costs which may increase the overall costs
B.)cheaper schools usually charge more for housing which is not a part of a
sticker price
C.)cheaper schools usually will not allow you to apply for financial aid
D.)more expensive schools may be cheaper once the net cost has been
determined
Answer: D. more expensive schools may be cheaper once the net cost has been determined
Explanation:
Choosing the higher education institution with the cheapest sticker price might be a bad idea because more expensive schools may be cheaper once the net cost has been determined.
It should be noted that sticker prices with regards to higher education scan sometimes give false information about the fees which will be eventually be paid. This is because one ma eventually find out that the total fees that were paid in the assumed cheaper school may be more than the expensive school once the net cost has been calculated and determined.
In order for one to be able to make a thorough decision on one's choice of school, higher institutions should provide better and more detailed information regarding the amount that students will pay in their schools net of grants or maybe scholarships.
The higher education institution and the sticker price are directly related to each other higher the education system higher will be the sticker price that is the total cost of the yearly tuition, books, room rents, and other fees that are charged within the institutions.
Choosing the higher education and the cheaper sticker price is a bad idea because:
Option D. more expensive schools may be cheaper once the net cost has been determined.
The higher education and cheaper sticker price are bad because the sticker prices quoted about the fees sometimes gives false information that will be eventually paid in the future once the net cost has been calculated and determined.
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Please help
1. What are the disadvantages of labour intensive?
Answer:
Labour intensive is when products are mainly produced by human workers.
...
Labour intensive.
Advantages Disadvantages
Less expensive machinery costs Skilled workers take time to train
Humans can use their own initiative and problem solve Skilled workers will be paid more than unskilled workers
Explanation:
HOPE IT HELPS!
JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
Clean123 Inc. is a closing out it’s dividends account. Which account will it use in the closing entry?
A. service revenue b. retained earnings C. income summary D. operating expenses
Clean123 Inc. will use the Income Summary account to close out its dividends account.
Clean123 Inc. is closing out its dividends account and must record a closing entry to transfer the balance to another account.
The four options presented are service revenue, retained earnings, income summary, and operating expenses. Of these options, Clean123 Inc.
would use the Income Summary account to close out its dividends account.
The Income Summary account is used to summarize all of the company's revenues and expenses for the accounting period and determine the net income or loss.
This account is used in the closing process to transfer the balances of temporary accounts, including dividends, to the Retained Earnings account, which is a permanent account that tracks the company's earnings over time.
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Which situation is an example of a person making use of credit?
A. An architect puts his weekly paychecks into a savings account at
a local bank.
O B. A college student saves up money in order to buy a cheap used
car.
O C. A farmer sells most of her crops to customers who live near her
farm.
O D. A business owner takes out a loan to expand and redecorate her
offices.
SUBMIT
An example of a person making use of credit is a business owner takes out a loan to expand and redecorate her offices.
What is credit?Credit is when a person makes use of money he or she does not have in her account. Usually, the person borrows the money from a lender. When a business owner takes out a loan, she is making use of credit.
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