Which are considered disadvantages of incorporating? multiple select question. double taxation initial cost limited liability extensive paperwork

For both parts the change in accounting principle resulted in an increase in cost of goods sold and a decrease in net income for 2021. The dividends paid each year are not relevant to this calculation.

1. The journal entry to record the change in accounting principle at the beginning of 2021 would be:

Inventory (FIFO)       $8 million

Retained earnings     $8 million

2. The 2021-2020 comparative income statement would look like this:

Fieri Foods

Income Statement

For the Years Ended December 31, 2021 and 2020

($ in millions)

                          2021              2020

Revenues                $470               $440

Cost of goods sold       72                66

Gross margin            398               374

Operating expenses      274               270

Net income             $124               $104

Note that the cost of goods sold for 2021 is calculated using the average method, while the cost of goods sold for 2020 is calculated using the FIFO method.

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Private property rights  and market is  in which people buy and sell resources or goods and services.

Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.

Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.

Factor market and product market-  The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.

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Answer:

quantity supplied

Explanation:

the amount of a good that sellers are willing to supply at a given price

Answer:

(I) using temporary workers.

(II) shifting demand from high-demand periods to low-demand periods

(IV) discovering bottlenecks.

Explanation:

For reducing the waiting lines manager should be considered by using the temporary workers that help the company for any loss now if the demand is shifted from high to low it helps to manage the service level and for establishing the bottlenecks the problem is also solved

Therefore the first second and fourth part is chosen

Answer:

A consumer is a person who buys and uses goods and services. Ask students to repeat after you and define consumer. A producer is a person who makes goods or provides services.Jan

Explanation:

To calculate the equal annual payment series required to repay the given present amounts, we can use the formula for the present value of an annuity.

(a) To repay $14,000 in five years at 7.5% interest compounded annually, we can use the formula:
\[P = \frac{A \times (1 - (1 + r)^{-n})}{r}\]
where P is the present amount, A is the equal annual payment, r is the interest rate per period, and n is the number of periods.
Plugging in the values, we have:
\[14,000 = \frac{A \times (1 - (1 + 0.075)^{-5})}{0.075}\]
Simplifying this equation, we find:
\[A = \frac{14,000 \times 0.075}{1 - (1 + 0.075)^{-5}}\]
Using a calculator, we find that A ≈ $3,046.59.

(b) To repay $7,500 in seven years at 6.25% interest compounded annually, we can use the same formula:
\[7,500 = \frac{A \times (1 - (1 + 0.0625)^{-7})}{0.0625}\]
Simplifying this equation, we find:
\[A = \frac{7,500 \times 0.0625}{1 - (1 + 0.0625)^{-7}}\]
Using a calculator, we find that A ≈ $1,332.17.

(c) To repay $5,000 in six years at 5% interest compounded annually:
\[5,000 = \frac{A \times (1 - (1 + 0.05)^{-6})}{0.05}\]
Simplifying this equation, we find:
\[A = \frac{5,000 \times 0.05}{1 - (1 + 0.05)^{-6}}\]
Using a calculator, we find that A ≈ $1,037.02.

(d) To repay $20,000 in 18 years at 4.75% interest compounded annually:
\[20,000 = \frac{A \times (1 - (1 + 0.0475)^{-18})}{0.0475}\]
Simplifying this equation, we find:
\[A = \frac{20,000 \times 0.0475}{1 - (1 + 0.0475)^{-18}}\]
Using a calculator, we find that A ≈ $1,065.17.

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The amount in the bank after the period of 14 years at 6.5 % interest is $15,853.

The interest is the amount that is paid by the party at the annual rate of interest for a given period on the principal amount.

The interest (I) added to the amount is given as:

\(I=\dfrac{P\;\times\;R\;\times\;T}{100}\)

The given principal amount, \(P=8300\;\\)

The rate of interest is, \(R=6.5\;\%\)

The time for the interest is, \(T=14\;\rm years\)

Substituting the values for the interest,

\(I=\dfrac{8300\;\times\;6.5\;\times\;14}{100}\\ I=7553\; \\)

The amount of interest added to the base amount after 14 years is, $7553.

The total amount in the account after 14 years is:

\(\rm Total\;amount=Principal\;amount\;+\;Interest\\\\Total\;amount=8300\;+\;7553\;\$ \\\\Total amount=15,853\;\\)

The amount in the bank after the period of 14 years at 6.5 % interest is $15,853.

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The correct answer is option C) the four largest firms account for 52% of total industry sales. A four-firm concentration ratio is a measure of the total percentage of an industry's sales that are generated by the four largest firms in that industry. It indicates the concentration of market power in the hands of the four largest firms. In this case, the four-firm concentration ratio for industry X is 52. This means that the four largest firms in the industry account for 52% of total industry sales. Based on this ratio, we can conclude that the industry is oligopolistic in nature because it is dominated by a few large firms that hold a significant market share. Thus, the correct answer is option C) the four largest firms account for 52% of total industry sales.

Answer: A

Explanation:

Answer:

NO

Explanation:

The answer is Publication 535 (2022). IRS publication 535 (2022) provides information on important business expense deductions business owners can utilize to lower their tax liability.

A tax is a mandatory payment or levy that local, state, and federal governments impose on individuals or businesses to fund necessary public programs, services, and commodities.

Any tax that a government imposes on individuals or groups that it has the legal authority to levy and that entails the seizure of money or property.

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The following question is : false

The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:

b). False

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The given statement “Fundamentalists typically use the "Bottom-Up Approach" whereas technicians use the "Top-Down Approach" to the valuation process is false because These approaches are used in financial analysis and valuation by various types of investors, analysts, and professionals.

The bottom-up approach, also known as the micro approach, involves analyzing individual securities or assets in isolation, focusing on their specific characteristics, financial statements, and performance metrics.

This approach is commonly associated with fundamental analysis, where investors assess the intrinsic value of individual stocks or bonds based on factors such as earnings, cash flows, and growth prospects.

On the other hand, the top-down approach, also known as the macro approach, involves analyzing broader economic, industry, and market trends before making investment decisions. This approach is commonly associated with technical analysis, where investors use charts, patterns, and historical price data to identify trends and make trading decisions.

It's crucial to remember that analysts and investors, regardless of their investment style or philosophy, can apply both fundamental and technical analysis. Depending on the investing horizon, objectives, and other considerations, some investors may combine the two approaches or alternate between them. It would be wrong to assume that only fundamentalists or technicians adopt these strategies.

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Mentoring is the process by which a more experienced employee guides and nurtures a newer, less experienced employee. The process of mentoring provides an opportunity for an experienced employee to share knowledge and skills with less experienced ones.

It is recommended that mentors should serve voluntarily and willingly without being required to do so. The process should be an opportunity for the mentor to develop their skills, and therefore it should be voluntary.

The process of mentoring should also be a two-way street, where both parties gain valuable experiences from one another.

At the start of the relationship, a specific length of time for the mentoring to last is established to help both parties prepare for the mentoring period.

The relationship should be nurtured and monitored by the manager, but the mentor should be free to take responsibility for the mentoring process.

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Guitar Center reinforces its image of selling high-quality musical equipment in its stores and catalogs and on its website. This is an example of providing a consistent brand image across all channels.

A brand image photo can assist an employer set up credibility within its enterprise. It requires incomes the honor of clients and competition through best, consistency, and honesty. There are numerous ways that brands set up credibility, consisting of Being honest with purchasers.

Communicates your commercial enterprise persona and shape your customers' perceptions of who you are. Initiatives are the expectations and guarantees you expand in your clients in terms of quality, service, reliability, and trustworthiness. Creates belief and loyalty from those who do enterprise with you.

The only manner to discover what humans truly think about your logo is to ask them. A logo perception survey facilitates you to apprehend your logo photograph, provides you with methods to build your image, and benchmarks your progress throughout time or in the evaluation of your competition.

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Answer:

I see myself having no family only a gf and why no kids is so I can raise them right have a house a business and work hard so they don't and I will be a, healthy man. And I am choosing this path because many people don't and fail when they have a family to take care of. Also I want to be able to ollie in the future. I want to be very successful so I can provide help to anyone who needs it and I want to have my own book motivating more people be more successful. The sate I will live in will probably be Utah or California so my fam will live well. Also I will try to homeschool the kids and teach them something new or have them go to a public school. This is what I want my future to be like but for now I have to make to come true so I have to grain. So peace have a goodnight/morning cya later or never.

Answer:

Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.

Explanation:

The present value of a growing perpetuity  present value of a single cash flow received n periods formula from now: PV = C × 1 (1 + r)n . The present value of a perpetuity can be calculated by simply dividing the total amount of the regular cash flows by the discount rate.

In a growing perpetuity, the growth rate raises the cash flows received each period after the initial one. A perpetual series that is increasing  value proportionately in terms formula of periodic payments and is regarded as indefinite. In conclusion, the formula is as follows: PV is equal to D/(1+r) + D(1+g)/(1+r)2, and D(1+g)2. It's believed that the perpetual series will go on forever.

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The market consisting of wholesalers and retailers who buy products for resale purposes.

Dillards is a part the Reseller market.

A reseller business allows you to resell products bought from manufacturers to customers. The reseller dropship business model is affordable, making it a great option for new entrepreneurs. As a reseller, you're essentially the middleman between the manufacturer and customers.

Most resellers are retail organizations. These include grocery stores, department stores and specialty stores, such as home improvement or pet supply stores. There are many different types of retailers, from Wal-Mart to Macy's to the boutique on Main Street.

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Answer:

Bonnie's monthly payments on the income-based plan will likely be lower than on the standard repayment plan.

Explanation:

I got it wrong and it gave me the answer

Answer:

c. 2037

Explanation:

As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.

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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Utilize the perpetual inventory approach. Kenyon purchased 400 items, each costing six dollars. Be of sales made will cost $5600.

Activities pertaining to all the products, services, and materials that a business keeps on hand with the intention of reselling them for a profit. Example: If one print supplier uses a vehicle to deliver news among clients, just the periodical will be counted inventory.

There seem to be additional types of stocks, but the four most important ones are upkeep, repairs, and operating supplies, finished items, operate, and materials and parts.

800 units sold = 400 units of inventory purchased

balance = (800-400)

=400 units of inventory, 8 each

cost of goods sold =(400*6)+(400*8)

=$5600

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Dima could have saved an additional $1.80 at the store her friend suggested. The correct answer is $1. 80. Dima saved 30% on her new skirt at a discount store. Since the original price of the skirt was $54, we can calculate her savings as follows.

30% of $54 = (30/100) * $54 = $16.20

So, Dima paid $54 - $16.20 = $37.80 for her skirt at the discount store.

Now, let's consider the store her friend suggested, which offered one-third off on all clothing. We can calculate the discount as follows:

One-third off = (1/3) * $54 = $18

So, the price of the skirt at the other store would be $54 - $18 = $36.

To find out how much more Dima could have saved at her friend's suggested store, subtract the price she paid at the discount store from the price at the other store:

$37.80 - $36 = $1.80

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(1) Between the Gini coefficient and the Palma ratio, I prefer to use the Gini coefficient when measuring income inequality. This is because the Gini coefficient gives more weight to the distribution of income across the entire population, whereas the Palma ratio focuses on the distribution of income among the top 10% and bottom 40%.

The Gini coefficient ranges from 0 to 1, where 0 represents perfect equality and 1 represents perfect inequality. The Palma ratio, on the other hand, is calculated as the ratio of the income share of the top 10% of the population to the income share of the bottom 40% of the population. While the Palma ratio can be useful in highlighting extreme income disparities, it does not provide as much insight into the overall distribution of income within a country. Therefore, the Gini coefficient is more comprehensive and reliable for measuring income inequality.

(2) When measuring inequality around the world, I consider access to education, healthcare, and basic human rights more important than income. While income inequality is a critical issue, it is not the only factor that contributes to overall inequality. Access to quality education and healthcare, as well as basic human rights such as freedom from discrimination and oppression, are essential for creating a more equitable and just society.Therefore, a comprehensive approach that considers a range of factors is necessary for effectively addressing inequality around the world.

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Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.

Operations strategy is the total path of company's or organization decisions making strategy which help to reshape the long-term capabilities of several operations and their contribution to the overall strategy to the growth of the firm.

Therefore, Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.

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A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.

Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.

Ideal debt-to-income ratio for a mortgage

In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.

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Answer:

siness and Industry Endorsement.

;,;l,

Explanation:

Officers in investment and commercial banks are known as bankers. Commercial banks are financial entities that range in size from small community banks to huge banks with multiple locations across a region or the country.

Option b is the correct choice for the given information.

Therefore, an investment banker is a place where an entrepreneur who requires a lot of money to manufacture and distribute a new innovation would go.

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Answer:

an investment banker edge 2022

Explanation:

Option D, Increased Flexibility. The delivery of processing services, such as servers, storage, data bases, organizing, research, and insight over the Internet allows for more rapid development and flexibility.

A significant section of the corporate community continues to function without cloud computing, despite data showing the business efficiency, cost-benefits, and competitive advantages it holds. Cloud computing has been available for around 20 years. They are employing this technology to manage their businesses more successfully, provide better customer service, and significantly boost their overall profit margins. Similar to web-based email clients, cloud computing enables users to access all of the system's functions and files without having to store the majority of that system on their own machines.

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