Private savings exceeds private investment. When net capital outflow is positive, it means that the country is investing more abroad than it receives in foreign investments.
This implies that private savings, which contribute to capital outflow, are exceeding private investment within the country. The banks hold reserves equal to 100 percent of their deposits.
In a 100-percent reserve banking system, banks are required to hold reserves equal to 100 percent of the deposits they receive. This means that all customer deposits are held as reserves and are not used for lending or other investment activities. The purpose of this system is to ensure that all customer funds are readily available for withdrawal upon request, providing a high level of stability and security for depositors.
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Every year, Barbara and her boss sit down together and discuss what Barbara should accomplish for the next year. Barbara's boss takes time to meet with all his employees like this to motivate them to accomplish their objectives. These actions rely on
Every year, Barbara and her boss sit down together and discuss what Barbara should accomplish for the next year. Barbara's boss takes time to meet with all his employees like this to motivate them to accomplish their objectives. These actions rely on positivity and good work.
I hope this helps!
Grand River Corporation reported pretax book income of $690,000. Included in the computation were favorable temporary differences of $195,000, unfavorable temporary differences of $162,000, and favorable permanent differences of $194,000. The corporation's current income tax expense or benefit would be:
Based on the given information and the assumed tax rate, Grand River Corporation would have a current income tax expense of $158,100.
To calculate the current income tax expense or benefit for Grand River Corporation, we need to consider the temporary differences and permanent differences between book income and taxable income.
1. Calculate Taxable Income:
Taxable Income = Pretax Book Income + Unfavorable Temporary Differences - Favorable Temporary Differences + Permanent Differences
Taxable Income = $690,000 + (-$162,000) - $195,000 + $194,000
Taxable Income = $527,000
2. Determine the Tax Expense or Benefit:
To calculate the tax expense or benefit, we need to apply the applicable tax rate to the taxable income. The tax rate used will depend on the tax laws and regulations of the relevant jurisdiction.
Assuming a tax rate of 30% for illustration purposes, we can calculate the tax expense or benefit:
Tax Expense/Benefit = Taxable Income * Tax Rate
Tax Expense/Benefit = $527,000 * 0.30
Tax Expense/Benefit = $158,100
It's important to note that the actual tax rate and resulting tax expense or benefit may vary depending on the specific tax laws and regulations applicable to the corporation. Additionally, the calculations may be more complex in practice, considering various tax adjustments, credits, and provisions that could affect the final tax liability. Therefore, it's always advisable to consult with a tax professional or accountant for accurate and up-to-date tax calculations.
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X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answer.
Explanation.
20 Characters long
Which of the following controls will help prevent and detect falsified hours and salary schemes?
a. The duties of payroll preparation, authorization, and distribution are segregated.
b. Sick leave and vacation time are monitored for excesses by the payroll department.
c. Supervisors return authorized timecards to the employees for review before they are sent to the payroll department.
d. All of the above
All of the following controls will help prevent and detect falsified hours and salary schemes: Duties of payroll preparation, authorization, and distribution are segregated. Sick leave and vacation time are monitored for excesses by the payroll department. Supervisors return authorized timecards to the employees for review before they are sent to the payroll department. Option D. All of the above.
What are the controls that help prevent and detect falsified hours and salary schemes?There are many controls that help prevent and detect falsified hours and salary schemes. Payroll processing can be an attractive target for fraud due to the money and lack of internal checks and controls available to an individual.
However, to prevent and detect fraud, organizations should use segregation of duties, monitoring of sick and vacation time, and review of timecards to detect falsification.
Thus, All of the above controls will help prevent and detect falsified hours and salary schemes. Option D.
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14-Conventional installment loans call for successively smaller cash payments over the term of the installment loan.
t/f
False; during the course of the installment loan, "14-Conventional installment loans call for progressively smaller cash payments.
Conventional installment loans call for a fixed payment amount to be paid over a set time period. The payments generally are made on a monthly basis and include both principal and interest. Over the term of the loan, the interest paid will decrease and the principal amount paid will increase so that the loan is paid off in full at the end of the loan term. This means that the cash payments in a conventional installment loan remain the same over the term of the loan, rather than getting smaller.
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In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is
Answer:
Turnover index = 13.74
Explanation:
Given that,
Total no. of homes = 524
Sold homes = 72
We need to find the turnover index in this neighborhood. It is defined as the ratio total number of leavers in a month by your average number of employees in a month multiplied by 100.
In this situation,
\(\text{turnover index}=\dfrac{\text{sold homes}}{\text{Total no. of homes}}\times 100\\\\=\dfrac{72}{524}\times 100\\\\=13.74\)
Hence, the turnover index rate is 13.74.
the market tends to overproduce goods that have external costs because group of answer choices the government is not able to produce these goods. producers experience higher costs than society. producers cannot keep the goods from consumers who don't pay, so they produce a greater amount. producers do not take into account those external costs that they don't have to pay.
The market tends to overproduce goods that have external costs because the government is not able to produce these goods. A market trend is the propensity of financial markets to move consistently in one direction.
For long time horizons, these tendencies are categorized as secular, for medium horizons as primary, and for short horizons as secondary. In about 20 years, mobile devices will rule the streets. The smartphone eventually takes over a few years later. Today, market tends may make phone calls using smartphones, tablets, and even watches. Take a look around you. A market trend produce in the communication industry is well-illustrated by this shift.
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May i have the answer for this im not quite sure
Answer: May I have the answer for this. I'm not quite sure.
Explanation:
Sentences must not run on. Ask the question about getting the answer. THEN in the next sentence and explain why to the teacher.
The following financial statement information is available for Coronado Corporation: 2020 2019 Inventory $45000 $47000 Current assets 112000 102000 Total assets 429000 358000 Current liabilities 28000 35000 Total liabilities 100000 89000 The current ratio for 2020 is
Answer:
4
Explanation:
Calculation to determine the current ratio
Using this formula
Current ratio = Current assets / Current liabilities.
Current ratio = 112000 / 28000 = 4
Therefore Current ratio is 4
A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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Explain the impact of the asset demand, transaction demand, & total demand for money on the economy.
c has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. he applies for and receives a $10,000 policy loan from the insurer. all of the following about this transaction are true, except:
All of the following about this transaction is true, except if C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges.
An insurance policyholder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, like critical illness or terminal illness, may also result in payment, depending on the terms of the contract. Benefits from life insurance policies may be used to assist with final expenses after your death. Funeral or cremation expenses, uninsured medical expenses, estate settlement costs, and other unpaid debts may fall under this category. Generally, you are only permitted to withdraw money from the policy up to the number of premiums already paid tax-free. Usually, you must pay taxes on any sum that exceeds the premiums you have already paid.
Note that the full question is:
C has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. He applies for and receives a $10,000 policy loan from the insurer. All of the following about this transaction are true, except:
-the loan carries a fixed or variable interest rate
-if the policy is surrendered, C would receive $20,000 less any outstanding interest charges
-If C died, his beneficiaries would receive $90,000, less any outstanding interest charges
-If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
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You are a representative from one of the software companies you
recommended in the recommendation proposal assignment. You got a
lead that Access Mortgage Company responded for more information
about
As a representative of the software company, it is important to provide additional information about the product and services that we offer.
Access Mortgage Company's interest in our product indicates their need for a reliable software solution to manage their business.
Our software provides a comprehensive platform for mortgage companies to streamline their operations, manage customer information, and improve communication between departments.
Our user-friendly interface and customizable features make it easy for companies to tailor the software to their specific needs. Our team also provides training and support to ensure a smooth transition to our software.
We look forward to working with Access Mortgage Company to provide them with a solution that meets their needs and helps their business succeed.
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according to the theory of charismatic or transformational leadership developed by house and his colleagues, identify the ways in which charismatic leaders motivate their followers
In accordance to theory of charismatic or transformational leadership developed by House and his colleagues, the ways in which charismatic leaders are believed to motivate their followers includes:
by offering an appealing vision of the futureby increasing followers' confidence in getting the job doneby changing followers' perceptions of work itselfby developing a collective identify among followersWhat is a Charismatic leadership?Generally, a charismatic leadership refers to a leader who uses his or her communication skills, persuasiveness and charm to influence others, especially his/her followers. Most of the charismatic leaders, given their ability to connect with people on a deep level, are especially valuable within organizations that are facing a crisis or are struggling to move forward.
Some of the merit of Charismatic leadership are:
Highly inspirational and motivatingEncourages sense of camaraderie, collaboration, and unionMakes followers feel heard and understoodCreates movement toward positive changeSome of the demerit of Charismatic leadership are:
Can become more focused on themselves than their peopleHas potential to become self servingFrequently viewed as shallow or disingenuousRead more about Charismatic leadership
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Southern Rim Parts estimates its manufacturing overhead to be $396,000 and its direct labor costs to be $990,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $58,000 for Job 301, $83,000 for Job 302, and $140,000 for Job 303. For the year, actual manufacturing overhead was $434,000 and total direct labor cost was $841,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. Overhead applied in each of the inventory accounts is as follows: Work-in-process inventory $ 33,640 Finished goods inventory 84,100 Cost of goods sold 218,660 Required: Prepare an entry to prorate the under- or overapplied overhead. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Southern Rim Parts
Journal Entry:
Account Title Debit Credit
Work-in-process inventory $9,760
Finished goods inventory 24,400
Cost of goods sold 63,440
Manufacturing overhead $97,600
To record the prorated under-applied overhead cost.
Explanation:
a) Data and Calculations:
Estimated manufacturing overhead = $396,000
Estimated direct labor costs = $990,000
Actual manufacturing overhead = $434,000
Actual direct labor costs = $841,000
Predetermined overhead rate = estimated overhead/estimated direct labor costs = $396,000/$990,000 = $0.40 per DL
Applied overhead:
Work-in-process inventory $ 33,640
Finished goods inventory 84,100
Cost of goods sold 218,660
Total overhead applied = $336,400
Underapplied overhead = $97,600 ($434,000 - $336,400)
Prorating the underapplied overhead to:
Work-in-process inventory $33,640/$336,400 * $97,600 = $9,760
Finished goods inventory 84,100/$336,400 * $97,600 = $24,400
Cost of goods sold 218,660/$336,400 * $97,600 = $63,440
Total underapplied overhead = $97,600
Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answer:
Explanation:
Less
Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a
Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.
Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
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You are an American, working for a US hospital. The hospital sells services to a French hospital. Given a depreciation of the Euro, your French subsidiary (the one that receives the revenues from the French Hospital) received a lesser income last year, although a clause in your contract stipulates adjustment payment in US dollars. Therefore, your subsidiary has a balance sheet loss, although your consolidated global result is positive. This type of foreign exchange risk is known as:
Answer:
translation exposure
Explanation:
Translation exposure is also known as translation risk. In this type of risk, the value of a company's assets, equities, income, or liabilities change due to changes in the exchange rate,
French subsidiary received a lesser income last year, although payment will be adjusted in US dollars as per the contract.
Due to this, the subsidiary has a balance sheet loss, although the consolidated global result is positive.
This type of foreign exchange risk is known as translation exposure.
nancy uses a credit card with a 20.1% apr, compounded monthly, to pay for a hotel stay totaling $891.05. she can pay $350 per month on the card. what will the total cost of this purchase be? (4 points) $1,070.15 $891.05 $918.90 $1,109.95
1. The total cost of this purchase will be $1,070.15.
To pay for a hotel stay totaling $891.05 Nancy uses a credit card with a 20.1% apr, compounded monthly. She can pay $350 per month on the card.The total cost of this purchase can be calculated by using the following
We can calculate this by using the following formula:
Total Cost = Principal + Interest
Principal = $891.05
Interest Rate = 20.1 % per annum (compounded monthly)
Interest = (Principal*Interest rate*Number of months)/100
Number of Months = (350/$891.05) x 12
= 40.297
Interest = (891.05*20.1*40.297)/100
= $179.10
Total Cost = 891.05 + 179.10
= $1,070.15
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The value of a levered firm will be than the value of an identical unlevered firm because the levered firm's taxes will be
Answer:
higher
Explanation:
hope this helps
How much of the total did Raul contribute himself
1. The total balance in the account after 40 years would be $192,520.
What is balance?Balance is a fundamental concept in a wide range of disciplines, including physics, biology, finance, and psychology. It refers to the ability to maintain equilibrium or stability, and the ability to adapt and adjust when faced with external challenges. Balance is achieved by creating internal stability and harmony, and by avoiding extremes and unnecessary risks. In physical terms, balance is achieved when the forces acting on a system are equal and opposite.
2. Raul contributed $120,000 himself.
3. Raul made $92,520 through compound interest in the savings account.
4. Raul could have increased the total amount of money he made over the 40 years by investing his money instead of keeping it in a savings account. Investing has the potential to earn higher returns than a savings account and has the potential to increase the total amount of money made over the 40 years.
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Complete Question:
Raul Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.596 interest per year 1. What is the total balance in 2. How much of the total did 3. How much money did Raul the account after 40 years? Raul contribute himself? make through compound interest in this savings account? N 4. Identify one way Raul could have increased the total amount of money he made over the 40 years. Explain your reasoning.
what is the answer for everfi may accounts?
Answer:
EVERFI is helpful interactive lesson tool,
Explanation:
It empowers educators to bring real-world learning into the classroom and equip students with the skills they need for success-now and in the future.
The government of Mentlands levies large taxes and has set up a limit on the amount of goods FarTrek, a foreign sports goods manufacturer, can sell in Mentlands. In this scenario, FarTrek is most likely involved in _____.
The name which can be given to the taxation and limit of goods by a host country to FarTrek shows that they are in the business of:
ExportingWhat is Export?This refers to the sale of goods from one country to another one as a result of comparative advantage and other factors.
With this in mind, we can see that because the government of Mentlands levies large taxes and has a limit on goods which FarTrek can sell, then FarTrek is involved in exporting.
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can regional level employment be converted into national level
employment? Why? Why not ?
Answer:
The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.
Explanation:
plz mark me as brilliant plz
Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the total amount issued to help raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $190 million after flotation costs? Assume that fractions of bonds cannot be issued. Round your answer to the nearest whole number.
The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
Number of bondsFirst step is to calculate the amount issue
Net proceeds = Amount of issue x (1 - Flotation costs)
$190,000,000 = Amount of issue x (1 - 0.05)
Amount of issue = $190,000,000/0.95
Amount of issue= $200,000,000
Second step is to calculate number of bonds
Number of bonds = $200,000,000/$1,000
Number of bonds= 200,000 bonds
Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
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What is an inspection of a filer's tax return by the IRS called?
Answer:
Audit
Explanation:
When the IRS inspects a filed tax return it is called an Audit
Who plans, coordinates, and controls a project's progress, or a portion thereof? Group of answer choices Architect Civil engineer Project manager The funding bank
Answer:
Project manager
Explanation:
The project manager is a person who holds a manager position in an organization. His or her duty is to do the planning, coordinates, communicates with the team members, employees regarding the work and also controls the progress of the project. He or she should well aware of how much project is pending and how much it is completed
Hence, the correct option is third.
Which of the following are examples of global small businesses
that operate in more than one country? (Select four answers.)
Daisuki is a graphic designer who works from home and
has clients all over the world.
Scarlett owns three ice cream shops in her community.
Parwana lives in India and owns a tea shop in her city.
Marshall coaches basketball for a few different teams in his
neighborhood.
Naima makes her special hot chocolate powder in packets
that stay fresh and are easy to ship to other locations, so
she can market and ship them to other countries.
Hiyam purchases clothing in Morocco and resells it in the
U.S. for a higher price.
Ramon offers online language classes for people all over
the world to learn Spanish.
Tuan leads local tours for visitors to his city.
Answer:
A,E,F,G
Explanation:
These are the ones that operate in more than one country!
what might happen to industrialized food production if prices rose sharply? how might this affect your life? how might it affect the next generation?list two ways you deal with these changes
If prices of industrialized food production rose sharply, it is likely that consumers would shift towards alternative food sources such as local or organic produce, which may not be as affected by price increases.
This could result in a reduction in demand for industrialized food production, which may impact the profitability and sustainability of this industry.
If this were to happen, it could affect individuals in various ways depending on their socioeconomic status and access to alternative food sources. Those with limited resources may have difficulty affording food, and may experience food insecurity or malnutrition. This could have negative impacts on their health and well-being.
For the next generation, the impacts could be even more significant, as their food choices and habits could be shaped by the availability and affordability of different types of food.
Additionally, the environmental impacts of industrialized food production could have long-term consequences for future generations, particularly in terms of climate change and resource depletion.
Two ways to deal with these changes could be to:
Seek out alternative food sources such as local or organic produce, or start a garden to grow your own food. This can help reduce reliance on industrialized food production and support more sustainable and environmentally friendly food systems.Educate yourself and others about the impacts of industrialized food production, and advocate for policies and practices that promote healthier and more sustainable food systems. This could include supporting local farmers, reducing food waste, and promoting plant-based diets.To know more about food production refer to-
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Which of these is true about the national unemployment rale!
A. All citizens are included in the labor force.
B. All people 18 years or older are counted as part of the labor force.
C. It is always at 6%.
D. It is never at zero.
Answer:
D. It is never at zero.
Explanation:
The unemployment rate is described as the percentage of the labor force that is jobless but actively seeking work. The labor force comprises an adult population that is currently working or seeking employment.
The unemployment rate is never at zero. At every moment, there is frictional unemployment as people switch jobs or new college graduates seeking their first job. There is also unemployment due to economic seasons. Even when the economy is considered to be at full employment, the unemployment level is not at zero but at around 3 to 5 percent.