Answers
Based on the information provided, the balance sheet would look like this:
Assets:
Checking account: $1250
Revolving savings account: $1750
Cash: $75
Total Current Assets: $3075
Investments:
Roth IRA: $1000
Employer's 401k program: $5000
Total Investments: $6000
Total Assets: $9075
Liabilities:
Credit card debt: $300
Student loan balance: $20,000
Total Liabilities: $20300
Net Worth: $9075 - $20300 = -$11225
Note: This balance sheet only reflects the financial status at a specific point in time and does not consider any future changes in the value of assets or liabilities.
What is a Balance Sheet?A balance sheet is a financial statement that shows an individual's assets, liabilities, and net worth at a specific point in time.
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Related Questions
Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answers
Answer:
the answer is B and D
How does understanding the history of credit make you think differently about credit cards and other forms of debt?
Answers
Answer:
Understanding the history of credit can provide a valuable perspective on credit cards and other forms of debt. By looking at the historical development of credit, we can gain a deeper appreciation of how credit has been used throughout history and the ways in which it has impacted societies and individuals.
For example, we can see that credit has been used for centuries as a means of facilitating trade and commerce. In ancient times, traders and merchants would use credit to finance the transportation and sale of goods. Similarly, in the modern era, credit cards and other forms of consumer credit have been used to enable people to purchase goods and services without having to pay for them upfront.
However, we can also see that credit can be a double-edged sword. While it can be a useful tool for managing cash flow and making purchases, it can also be a source of financial stress and hardship. For example, high levels of consumer debt can lead to financial instability and can make it difficult for people to meet their financial obligations.
By understanding the history of credit, we can also gain a better appreciation of the importance of responsible borrowing and lending. We can see how the availability of credit can impact the financial health of individuals and society as a whole, and we can recognize the importance of responsible lending practices and financial literacy.
In summary, understanding the history of credit can help us think more critically about credit cards and other forms of debt. By gaining a broader perspective on the role of credit in society and the potential risks and benefits of borrowing, we can make more informed decisions about how to use credit responsibly and manage our personal finances effectively.
Understanding the history of credit can change the way we think about credit cards and other forms of debt by providing insight into their origins and evolution, helping us make more informed decisions and develop responsible financial habits.
Explanation:Understanding the history of credit can change the way we think about credit cards and other forms of debt by providing insight into their origins and evolution.
It allows us to see the development of credit as a financial tool and understand the potential risks and benefits associated with it.
For example, exploring the history of credit can reveal how credit cards emerged as a convenient way to make purchases, but also how they can lead to debt if not used responsibly.
It can also shed light on the impact of interest rates and fees on borrowers.
By understanding the historical context of credit, individuals can make more informed decisions about when and how to use credit cards and other forms of debt, and develop responsible financial habits.
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the perimeter of an isosceles trapzium is 134 cm and the bases are 54cm and 30cm in length. find the length of nonparallel sides of the trapzium and it's area.
Answers
Answer:
perimeter of trapezium=134cm
let the trapezium be ABCD in which AB and CD are parallel sides and AD and BC are non parallel sides.
then AB=54cm and CD=30cm
AD=BC
perimeter of trapezium=134cm
AB+BC+CD+AD=134
AD+AD+54+30=134
2AD=50
AD=25cm
Hence non parallel sides which are of equal length =25cm
Explanation:
drawing increase the investment of the owner true or false
Answers
pretty sure this is correct lol
Which of the following market structures involves a heterogeneous product and product differentiation among competing suppliers, allowing the marketer some degree of control over prices?A- Pure competitionB- MonopolyC- Monopolistic competitionD- Complementary monopolyCYou are
Answers
Monopolistic competition is a market structures which involves a heterogeneous product and product differentiation among competing suppliers, allowing the marketer some degree of control over prices. The correct answer is C)
Monopolistic competition is a market structure characterized by a large number of firms competing with each other. In this market structure, there is product differentiation, meaning that each firm offers a slightly different product from its competitors, leading to a heterogeneous product market. The differentiation can be achieved through branding, packaging, quality variations, or other features that make the products distinct.
In monopolistic competition, firms have some degree of control over prices because they can differentiate their products and create a perceived uniqueness, allowing them to have a certain level of influence over consumer demand. However, this control is limited compared to a monopoly where a single firm has significant market power or a pure competition market where there is no product differentiation, and firms are price takers.
In summary, monopolistic competition is the market structure that involves a heterogeneous product and product differentiation among competing suppliers, allowing marketers some degree of control over prices.
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Calculate the present worth of the money if the ₱ 300.00 is invested at the end of each year for 8 years and the first payment was made 3 years from now. Use an annual interest rate of 8%.
Answers
The present worth of the money is approximately ₱2,014.48. To calculate the present worth of the money, we can use the formula for the present worth of an annuity,
PW = A * (1 - (1 + r)^(-n)) / r Where: PW = Present worth A = Annual payment r = Interest rate per period n = Number of periods In this case, the annual payment is ₱300.00, the interest rate is 8% (or 0.08), and the number of periods is 8. However, since the first payment is made 3 years from now, we need to discount the present value by 3 years. First, let's calculate the present worth of the annuity for the remaining 5 years: PW1 = ₱300 * (1 - (1 + 0.08)^(-5)) / 0.08 PW1 ≈ ₱1,295.20 Next, let's calculate the present worth of ₱300 received after 6 years PW2 = ₱300 / (1 + 0.08)^6 PW2 ≈ ₱152.28 Finally, let's calculate the present worth of ₱300 received after 7 years: PW3 = ₱300 / (1 + 0.08)^7 PW3 ≈ ₱126.00 The total present worth is the sum of PW1, PW2, and PW3: Present Worth = PW1 + PW2 + PW3 Present Worth ≈ ₱1,295.20 + ₱152.28 + ₱126.00 Present Worth ≈ ₱2,014.48
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The epicurean society is holding its annual election for president. the three candidates are a, b, and
c. twentytwenty percent of the voters like upper bb the most and upper aa the least. forty forty percent of the voters like upper aa the most and upper cc the least. of the remaining 234234 prefer upper cc to upper bb and upper bb to upper aa, and 702702 prefer upper cc to upper aa and upper aa to upper bb. write out the preference schedule for this election.
Answers
Answer:
b
Explanation:
What is one thing that can be learned by studying the technical skills of expert photographers? O A. how having a large memory card in our cameras helps us take great photos O B. how changing settings on our cameras can change our photographs O C. how to talk about your photographs with your friends or family O D. that only landscape orientation photographs should be used for landscape photos
Answers
Answer:
B.
Explanation:
The answer is B. By studying the technical skills of expert photographers, one can learn how changing settings on cameras can affect the outcome of photographs. Understanding camera settings such as aperture, shutter speed, ISO, and white balance allows photographers to have greater control over their images. These settings can impact the exposure, depth of field, motion blur, and overall look of the photographs. By mastering these technical skills, photographers can create the desired visual effects and capture the essence of their subjects.
a tractor that 4 years ago cost $8000, now is worth only $3200. find the average annual rate of depreciation
Answers
According to question the average annual rate of depreciation for the tractor is $600 per year.
What is average annual rate of depreciation ?The pace at which an asset is depreciating over time is gauged by looking at its average yearly rate of depreciation. It is computed by subtracting the asset's original cost from its market value, then multiplying that result by the number of years the item has been in operation.
Usually, a percentage or decimal is used to describe the average yearly rate of depreciation. It is used to evaluate the tax benefits that can be claimed through depreciation as well as to predict the asset's future value. It is a crucial idea in accounting and finance since it aids in the planning and management of expenditures related to asset ownership for both businesses and individuals.
The average annual rate of depreciation can be found by using the following formula:
(Cost at time of purchase - Current value) / Number of years = Average annual rate of depreciation
($8000 - $3200) / 4 = $2400 / 4 = $600
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In 30-50 words, describe credit score
Answers
Answer:
A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.
Credit scores are calculated using information in your credit reports, including your payment history, the amount of debt you have, and the length of your credit history. Higher scores mean you have demonstrated responsible credit behavior in the past, which may make potential lenders and creditors more confident when evaluating a request for credit.
Is streaming Business in form 4 Diffult?. Justify your Answer.
Answers
Answer:
money
Explanation:
because when you have a business you are making money
Beauty and the bistro, inc. Had $500 of supplies on its balance at the end of its 1st year of business. It purchased $5,000 of supplies during the 2nd year. At the end of the 2nd year, it had $800 of supplies on hand. What is the amount of supplies expense on the income statement?.
Answers
The amount of supplies expense on the income statement= $4,700
It started with $500 and purchased $5,000 but only has $800 of supplies left, thus it used $4,700. The amount used is Supplies Expense and is recorded as an adjusting entry with a debit to Supplies Expense (+E,-SE) and credit to Supplies (-A) for $4,700. The Supplies balance on the balance sheet equals $800 (the supplies left).
A supplier is a person, business, or other entity that sells or provides clients with goods or equipment.A supplier in business is a person or a company that provides retailers and distributors with high-quality products and services from manufacturers at competitive prices. Deliverables from them come in the form of raw materials, which manufacturers then transform into finished goods that are ready for sale.
A supplier is a company that offers products and services to another business. This organization is a section of a company's supply chain, which might provide the majority of the value found in its products. Even drop shipping, when products are sent directly to the buyer's clients, is practiced by some suppliers.
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How does Wanda's strategy of being a high-quality provider take advantage of the shifts in consumer demand for healthy dog treats? Identify and describe an event that might occur in the economy that would cause Wanda's strategy to no longer be successful for Salty Pawz. If this event occurred, what actions would Wanda have to take in response, and what impact might they have on her business?
Answers
Answer:
In the description section underneath the overview per the particular context is illustrated.
Explanation:
Wanda's philosophy about becoming a distributer of enhance performance resulted in increased market demand due to consumer perception that her goods are stronger and therefore more advantageous. This contributes to consumption growth, moving the consumer surplus towards Wanda's goods to the right, contributing towards increased costs. One more scenario maybe though in the immediate future, her Wanda commodities demonstrate no positive effects, resulting throughout a decline in terms of trade.Throughout this situation, Wanda might answer by genuinely changing the productivity of the latter's goods including displaying a certain clinical significance to obtain a competitive advantage for customers.
Panner, inc., owns 30 percent of watkins and applies the equity method. During the current year, panner buys inventory costing $93,100 and then sells it to watkins for $133,000. At the end of the year, watkins still holds only $21,400 of merchandise. What amount of gross profit must panner defer in reporting this investment using the equity method?
Answers
Answer:
Company P should defer $1,926 of unrealized profit in reporting the investment using equity method.
Explanation:
Gross Profit Percentage = Revenue - Cost of goods sold / Revenue
Gross Profit Percentage = $133,000 - $93,100 / $133,000
Gross Profit Percentage = 0.3
Gross Profit Percentage = 30
Unrealized Intra-entity Gross profit = (Remaining ending inventory * Gross profit percentage) * Investor's ownership percentage
Unrealized Intra-entity Gross profit = ($21,400 * 30%) * 30%
Unrealized Intra-entity Gross profit = $6,420 * 30%
Unrealized Intra-entity Gross profit = $1,926
Company P should defer $1,926 of unrealized profit in reporting the investment using equity method.
BOVE
Part C
Research online and Identify at least five skills that an administrator working for an automobile dealership would need. You can refer to job
descriptions provided by recruitment agencies. How do you think these skills will help newly appointed administrators to perform their job?
Answers
Answer:
Here are five key skills that an administrator in an automobile dealership would need:
Communication/interpersonal skills: Administrators would have to work with clients that come in for test drives. Having good interpersonal skills would help them respond to customers’ queries more effectively. A friendly and outgoing personality would make them more approachable for the customers. An ability to speak and understand multiple languages would help an administrator deal with customers who are not fluent in English. An administrator must be able to communicate effectively, both verbally and through nonverbal cues.
Organizational skills: Administrators need to be well organized in their work involving customers. They would be required to schedule and organize test drives, arrange meetings, keep a record of customers’ documents, handle car insurance matters, and provide other assistance to customers.
Prioritize: Administrators would have to handle several tasks (described earlier), so they should be able to prioritize and schedule tasks effectively.
Manage: An administrator would have to manage the daily operations, such as ensuring that customers submit authentic documents, making appointments, and scheduling test drives. The administrator is also responsible for managing employee behavior, safety, and compliance with the company’s policies.
Reasoning and mathematical skills: An administrator would need to have above-average mathematical skills in order to maintain the company’s accounts dealing with sales and servicing. The person would need logical reasoning skills to facilitate decision making and process management.
Explanation:
PLATO
Total manufacturing costs incurred during the year do not include: ________.
A) Direct labor.
B) Work in Process inventory, beginning balance.
C) Factory supplies used.
D) Depreciation of factory machinery.
E) Direct materials used.
Answers
The correct answer is B) Work in Process inventory, beginning balance, and D) Depreciation of factory machinery are not included in the total manufacturing costs incurred during the year.
Total manufacturing costs incurred during the year do not include the beginning balance of Work in Process inventory and depreciation of factory machinery.
Total manufacturing costs typically include direct labor, factory supplies used, depreciation of factory machinery, and direct materials used. However, the beginning balance of Work in Process (WIP) inventory and depreciation of factory machinery are not considered as part of the total manufacturing costs.
The beginning balance of WIP inventory represents the value of partially completed products from the previous accounting period. It is not a cost incurred during the current year but rather a carryover from the previous period. Therefore, it is excluded from the total manufacturing costs incurred during the year.
Depreciation of factory machinery is a non-cash expense that reflects the wear and tear of machinery over time. While it is an expense associated with manufacturing operations, it does not represent an actual cash outflow during the year. As a result, depreciation of factory machinery is not included in the calculation of total manufacturing costs incurred.
In summary, the correct answer is B) Work in Process inventory, beginning balance, and D) Depreciation of factory machinery are not included in the total manufacturing costs incurred during the year.
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What are the major provisions of the Equal Credit Opportunity Act? Respond in 3-4 sentences.
Also research what creditors look for? Explain in detail
Answers
Answer:
Explanation:
The major provisions of the Equal Credit Opportunity Act are that it is against the established law for any creditor to differentiate against any applicant, based on certain characteristics such as race, color, religion, national origin, sex, marital status, or age
It is also considered illegal for any creditors to ask questions such as "their marital status or if they have the intention to have children.
Also, the usual practice is to inform any applicants of the status of their credit application, whether it is granted or otherwise within 30 days of application.
Generally, creditors look for information that may suggest that the applicants can easily repay their loan or credit facilities. Such as your income level, and age.
Which strategy is used most often within stores or shopping centers?
customer loyalty
pull marketing
push marketing
word-of-mouth
Answers
Answer:
Pull marketing
Explanation:
what are the professions and the man power related to teaching field? describe any one
Answers
Answer:
A profession is an occupation founded upon specialized educational training. for eg: teacher , doctor , pilot etc.And the manpower related to teaching field include teaching sector .teacher:- teacher is a person who provides education for pupils and education. teacher should have commendable skills for helping others learn, guiding, and helping to solve a problem.hope it is helful for uh❤❤.dallas buys strawberries, and he would be willing to pay more than he now pays. suppose that dallas has a change in his tastes such that he values strawberries more than before. if the market price is the same as before, then:
Answers
Answer:
the correct answer is b. Dallas's consumer surplus would increase
Explanation:
Dallas buys strawberries, and he would be willing to pay more than he now pays. He has a change in his tastes such that he values strawberries more than before. If the market price is the same as before, then Dallas's consumer surplus would increase.
A Minimization problem. A firm's costs depend on two variables, W and Z. The cost function is: COST = W² + Z² - 2* W *Z + 200 The firm has a requirement on how much it must produce. Any combination of W and Z satisfying the followng equality can meet this requirement (think of this like a budget constraint): W +8Z = 30
Answers
A minimization problem is a mathematical optimization problem in which the goal is to minimize a given function by optimizing its input variables over a set of feasible input values.
A firm's cost function, which depends on two variables, W and Z, is given by: COST = W² + Z² - 2*W*Z + 200. The company has a requirement for how much it must produce. Any combination of W and Z that satisfies the following equality can meet this requirement (consider it like a budget constraint): W + 8Z = 30The cost of production for the firm is determined by the equation: COST = W² + Z² - 2*W*Z + 200.Since we have a budget constraint, we can express W in terms of Z:W = 30 - 8Z.The cost equation is then expressed in terms of Z:COST = (30 - 8Z)² + Z² - 2*(30 - 8Z)*Z + 200.COST = 64Z² - 480Z + 700.Using the first derivative test, we can find the minimum value of the cost function. The first derivative of the cost function with respect to Z is: COST' = 128Z - 480.
Setting this equal to zero and solving for Z gives:128Z - 480 = 0Z = 3.75.Substituting this value back into the equation for W, we get: W = 30 - 8Z = 30 - 8(3.75) = 0. The minimum cost is therefore: COST = 64(3.75)² - 480(3.75) + 700 = 238.75.
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Which requires that certain amounts of money be withheld from employees for fees related to
Medicare and social security?
tax laws
pension plans
health care plans
contracts
Answers
Answer:
I think it's A. and D. or C. but I really think actually is A. tax laws
Answer:
It's A.
Explanation:
It is a, even though income tax is ilegal, although this is exactly what it is. Pension plans would be correct although as far as i can remember that would be a 401k or what ever else there is. Tax laws doesn't theoretically match, as they cover it with it being for healthcare, like obama care, although obama care is supported by almost no healthcare providers. And contracts makes not sense, lol.
i'm In connexus as well, and quizlet has been pretty helpful as well. Sorry for adding politics, but it makes me words i can't say on this karen-run site.
Differentiate wealth-creating venture from income-generating venture.
Answers
Answer:
Explanation:
A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.
An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.
What must companies do to be competitive in today’s market?.
Answers
Answer:
Offer high-quality products and outstanding service at competitive prices.
Explanation:
A person has just been awarded an income increase to offset the effects of an increase in the overall cost of living in his country. This increment is tied to the consumer price index (CPI), which recently escalated from 110 to 112. What should his new salary be if he was earning $30,000 per year before the increase in the CPI
Answers
The person's new salary based on the new CPI of 112 should be $30,545.
What is the consumer price index (CPI)?The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.
Data and Calculations:
Old CPI = 110
New CPI = 112
Old salary = $30,000
New salary = $30,545 ($30,000/110 x 112)
Thus, the person's new salary based on the new CPI of 112 should be $30,545.
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an effective selection process should meet the standards of reliability, validity, generalizability, utility, and legality.
Answers
An effective selection process should meet the standards of reliability, validity, generalizability, utility, and legality. Reliability pertains to the consistency of a test or an assessment tool that produces the same result over time. Validity concerns whether a test or an assessment tool measures what it is intended to measure.
Generalizability refers to the extent to which findings or results obtained from a study are applicable to other situations or settings.Utility refers to the extent to which a test or an assessment tool is useful for a specific purpose. Finally, legality refers to the extent to which a selection process is consistent with the laws and regulations that govern it.
An effective selection process should meet the standards of reliability, validity, generalizability, utility, and legality. Explanation:Reliability, validity, generalizability, utility, and legality are important standards that an effective selection process should meet. By ensuring that these standards are met, organizations can make sure that they are selecting the right candidates for their job vacancies.Reliable selection processes produce consistent results over time, and they are not affected by irrelevant factors. For example, if a selection process produces different results when administered at different times, it is not reliable. Valid selection processes measure what they are intended to measure and do not measure anything else. For example, a typing test is a valid selection tool for a data entry job, but it is not valid for a job that does not require typing skills. Generalizable selection processes produce results that are applicable to other settings or populations. For example, if a selection process works well for one company, it should work well for another company that has a similar job vacancy. Useful selection processes provide information that is relevant to the job vacancy and can be used to make hiring decisions. For example, if a selection process provides information about a candidate's knowledge and skills that are relevant to the job vacancy, it is useful. Legal selection processes comply with laws and regulations that govern employment practices, such as equal employment opportunity laws. For example, a selection process that discriminates against candidates based on their race, gender, or age is not legal.
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nevidane is a small country that believes its neighboring countries are a threat to its national security. it continues to invest large amounts of money on its military resources and forms allies with powerful nations. nevidane's foreign policy can be referred to as a form of
Answers
Nevidane's foreign policy can be described as militarism due to its emphasis on military resources and alliances with powerful nations for national security.
Militarism is a foreign policy approach that prioritizes military strength, defense capabilities, and alliances as key components of national security. Nevidane's belief that its neighboring countries pose a threat to its national security leads it to invest significant resources in its military. By allocating large amounts of money to military expenditures and forming alliances with powerful nations, Nevidane aims to enhance its defense capabilities and deter potential aggressors.
Militarism often involves a focus on military preparedness, maintaining a strong military presence, and acquiring advanced weaponry and technology. It is driven by the belief that military power is essential for ensuring national security and protecting national interests.
While militarism can be seen as a defensive strategy aimed at safeguarding a country's sovereignty, it can also lead to tensions and potential conflicts with neighboring nations, particularly if there is a lack of diplomatic efforts or willingness to engage in peaceful resolutions.
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Who owns the factors of production?
Answers
Answer: factors of production, such as land and capital, is owned by workers.
hope this helped ;)
Jenson is a senior-level manager in his organization. He makes strategic-level decisions to improve the sales or to increase the profits of the organization. Which information system will reflect the strategic decisions that Jenson makes as a senior manager? A. Executive information system B. Management information system C. Transaction processing system D. Decision support system
Answers
Answer: Management information system
Explanation:
The information system that reflect the strategic decisions that Jenson makes as a senior manager is the management information system.
Management Information System is simply referred to an information system that is used to make decisions and also used for analysing and coordinating information in the organization. It studies the relationship and interaction that exist between the people and the organization.
Answer:
decision support system
Explanation: PLATOOOOOOOOOOOOO
Farmers today use ______ to determine the best use of seed and fertilizer to improve their crops. technology.
Answers
Today's farmers employ "technology" to decide how to use fertilizer and seed best to boost their crops.
Explain the use of technology in farming?The way modern farms and agricultural enterprises operate differs greatly from how they did a few decades ago, largely due to technological developments in the form of sensors, machinery, devices, and information technology.
Robots, temperature and humidity sensors, aerial photographs, and GPS technology are all frequently used in modern agriculture. Businesses can become more successful, productive, safe, and environmentally friendly thanks to these cutting-edge equipment, robotic systems, and precision agriculture techniques.Benefits comprise:
increased agricultural output.Using less water, fertilizer, as well as pesticides results in lower food costs.lessening of the impact of natural ecosystemsless chemical discharge into groundwater and waterways.improved workplace security.To know more about the technology in farming, here
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