B) Subtract depreciation from net income. When using the indirect method to complete
the cash flows from operating activities section of the statement of cash flows, depreciation expense is added back to net income because it is a noncash expense. Depreciation represents the allocation of the cost of long-term assets over their useful lives and does not involve an actual outflow of cash. Therefore, to reconcile net income with cash flows from operating activities, depreciation expense is added back to net income.
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life insurance is an example of a convenience product.
Yes, life insurance is an example of a convenience product. Convenience products are consumer goods or services that are purchased frequently, with minimal effort, and without much comparison or research. Life insurance falls into this category as it is often purchased without extensive research or comparison shopping, with individuals buying it to protect their loved ones and provide financial security.
life insurance is a type of insurance that provides financial protection to the insured's beneficiaries in the event of the insured's death. It is designed to provide a lump sum payment to the beneficiaries, which can be used to cover funeral expenses, pay off debts, or provide financial support.
In the business world, life insurance is categorized as a convenience product. Convenience products are consumer goods or services that are purchased frequently, with minimal effort, and without much comparison or research. They are products that consumers buy out of habit or convenience, often without much thought or consideration.
Life insurance falls into this category because it is a product that people often purchase without extensive research or comparison shopping. Many individuals buy life insurance as a way to protect their loved ones and provide financial security, rather than as a result of a thorough evaluation of different insurance options.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
what can be said about the future role for the u.s. in the world economy? part 2
The U.S. needs to become more cognizant of and integrate into the economic success of other countries.
The US is a profoundly evolved blended market economy. It is the world's biggest economy by ostensible Gross domestic product, and the second-biggest by buying power equality (PPP) behind China. It has the world's seventh-most noteworthy per capita Gross domestic product (ostensible) and the eighth-most noteworthy per capita Gross domestic product (PPP) starting around 2022. U.S. represented 15.5% of the worldwide economy in 2022 in PPP terms, and around 24.7% in ostensible terms in 2022. Its organizations are at or close to the front line in mechanical advances, particularly in PCs, drugs, and clinical, aviation, and military hardware. The U.S. dollar is the cash of record most utilized in global exchanges and is the world's chief save money, supported by the country's monstrous economy, stable government and legitimate system, enormous U.S. depositories market, broad normal assets, exceptionally progressed military, its job as the reference standard for the petrodollar framework, and its connected eurodollar. A few nations use it as their authority cash and in others, it is true money.
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Hilltop grading, an american construction firm, recently acquired another company, earth builders, in indonesia. the high-level managers at earth builders eventually quit because they could not cope with the domineering and straightforward approach of their american counterparts. this illustrates how acquisitions may fail because
What are the 4 basic business responsibility ?
Answer:
the 4 key aspects
Explanation:
ethical, legal, economic and philanthropic.
enter information into accounting system means
Answer:
Answer:
Explanation:
These are the sales, cash receipts, cash disbursements, and purchases journals.
proceduresintegratedproceduresintegratedAnswerAnAnswerAn accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations.AnswerAnAnswerAnswerAnswer:
Explanation:
The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle of
Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
a cafeteria line would be an example of a process-focused layout. True/False
False.
A cafeteria line is an example of a product-focused layout, rather than a process-focused layout.
In a product-focused layout, the arrangement of resources and workstations is structured around the specific product or product group being produced. The layout is designed to optimize the flow of materials and activities involved in producing a particular product. Each workstation in the layout is specialized for a specific task related to the product, and the production process follows a sequential order.
On the other hand, a process-focused layout (also known as a functional layout) organizes resources and workstations based on the type or nature of the processes involved. The focus is on grouping together similar equipment or operations, rather than specific products. This layout allows for flexibility and the ability to handle a variety of products or services. Examples of process-focused layouts include hospitals, job shops, and repair shops.
In the case of a cafeteria line, the layout is typically organized to accommodate the flow of customers and their selection of food items. The focus is on providing a variety of food options and efficiently serving customers, rather than being centered around a specific product or production process. Therefore, a cafeteria line is an example of a product-focused layout, not a process-focused layout.
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Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a in the advertising process for the product.
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Jonathan plays the role of a consultant in the advertising process for the product.
What is a consultant?Generally, A professional who, in addition to providing advice, engages in additional activities that serve a purpose related to their area of expertise is known as a consultant. As a kind of contingent labor, consulting services are often classified as falling within the umbrella of professional services.
Consultants, who are often known as management consultants, assist businesses in dealing with change and finding solutions to issues in order to make such businesses run more effectively and, as a result, more financially.
In order to assist their client organizations in becoming more successful in their commercial endeavors, consultants provide them with guidance and knowledge.
In conclusion, Since Jonathan was brought in from outside the organization to do a particular task, I would classify him as a contract employee, sometimes known as a consultant.
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CQ
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a ____ in the advertising process for the product.
In traditional economies, government controls all manufacturing.
Answer:
true
Explanation:
1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sells the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land
Answer:
Explanation:
A $60,000 increase in investment in subsidiary
Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
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riley's company realized it could not make the component parts at its plant in thailand because that plant did not have the necessary manufacturing tooling to do the job. this demonstrates how
This demonstrates how Technology performs a function in in which a organization produces.
The required details about Technology is mentioned in below paragraph.
Technology is the utility of know-how to attain practical goals in a specifiable and reproducible way. The word era may additionally imply the fabricated from such an endeavor.The use of era is broadly conventional in medicine, science, industry, communication, transportation, and every day life. Technologies encompass bodily items like utensils or machines and intangible tools such as software.
The earliest recognized era is the stone tool, utilized in the prehistoric era,accompanied by hearthplace use, which contributed to the growth of the human mind and the improvement of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider journey and the advent of extra complex machines.Recent technological developments, which includes the printing press, the telephone, and the Internet have lowered communication limitations and ushered in the know-how economy.
(COMPLETE QUESTION)
Riley's company realized it could not make the component parts at its plant in Thailand because that plant did not have the necessary manufacturing tooling to do the job. This demonstrates how ______ plays a role in where a company produces.
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Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,500
On November 1, 2019, Lexi Martin established an interior decorating business, Heritage Designs.
To begin the business, Lexi transferred $50,000 in cash from her personal bank account to a new account established for the business in exchange for common stock.
This transaction would be recorded in the accounting records of Heritage Designs as a capital contribution. Specifically, the $50,000 cash received would be debited to the Cash account, while the Common Stock account would be credited for the same amount. This transaction would increase both the assets and equity of the business by $50,000.
It's important for Lexi to establish separate accounts for the business to keep her personal finances separate from the finances of the business. This will help her keep accurate financial records, and ensure that she can track the performance of the business and make informed decisions about its future.
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The complete question is
On November 1, 2019, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:
Nov.1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000.
is shift work involved for lawyers??
Answer:
I think so.
Explanation:
This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!
Country b has a gdp of $1 trillion and a gdp per capita of $27,000. its economy is a mix of manufacturing, high tech, services, aviation, agriculture, and mining. it has laws favorable to entrepreneurship and private sector growth. it has multinational corporations that have recently begun outsourcing jobs overseas, resulting in a rise in unemployment. which of these factors is the strongest sign that country b has a developed economy? multinational corporations operate within its borders. it is home to many high-tech companies. it has laws favorable to entrepreneurship it has a high gross domestic product.
The strongest sign that country B has a developed economy is it has a high gross domestic product.
What is the sign of economic development?Gross domestic product is the monetary value of all the final goods and services produced in an economy within a given period. The higher the GDP of a country, the higher the level of economic growth and development of the country.
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Answer: D: It has a high gross domestic product.
Explanation:just did it
Julie (19) is a full-time student at a local university. She is claimed as a dependent on her mother's tax return. She received a scholarship of $8,000, of which she spent $6,000 on tuition and $2,000 on room and board. What amount, if any, would be considered taxable?
Room and board are also considered qualified educational expenses, so the $2,000 spent on room and board would also not be taxable.
What is taxable?Taxable income is any type of income that is subject to taxation. It can include wages, salaries, tips, investment income, self-employment income, alimony, capital gains, income from rental property, as well as certain other types of income. Any income that is earned or received is generally taxable, unless it is specifically excluded by law. The amount of taxable income will depend on individual circumstances and the applicable tax laws. For example, a person's taxable income may be reduced if they are eligible for certain deductions or credits. Additionally, the rate at which income is taxed can vary based on income level and other factors.
None of the $8,000 scholarship would be taxable. Scholarships used for qualified educational expenses like tuition, fees, books, and supplies are generally not taxable.
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a bank form which lists the checks, currency, and coins an account holder is adding to a bank account.
The checks, cash, and coins that are being added to a bank account are listed on a deposit slip.
One can deposit and withdraw money from a bank account, make payments, send money to another person or organisation, pay bills online, and more. Bank accounts allow for cashless transactions and the receipt of direct deposits from employers or other organisations.
Opening a bank account can be one of the most crucial actions to achieve financial objectives. Because keeping money in an FDIC-insured bank account can provide monetary security, simple access to funds, cost savings from check cashing costs, and general monetary peace of mind.
Deposit account funds are used by banks to fund loans to other people or companies. The borrower pays interest on those loans to the bank in return.
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Withdrawing money from an ATM is a good example of how a ______ works. Select your answer, then click Done.
Withdrawing money from an ATM is a good example of how a transaction processing works.
What is money?It should be noted that money simply means a medium of exchange or a means of payment that can be used to carry out a particular transaction.
In this case, withdrawing money from an ATM is a good example of how a transaction processing works.
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Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories.
Cost of fiberglass (raw material) $ 85,000
Factory rent $ 59,000
Advertising $ 134,000
Utilities for factory $ 12,000
Wages of assembly workers $ 91,000
Production supervisor salary $ 44,000
Sales manager salary $ 42,000
Factory property taxes $ 15,000
Depreciation on production equipment $ 30,000
Cost of bindings (raw material) $ 34,000
Screws $ 1,200
Wages of snowboard painters $ 78,000
Wages for maintenance workers $ 37,000
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
a. Compute the direct material costs
Explanation:
a. Compute the direct material costs
What does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
Answer:
It reveals that the owner is completely aware about financial risk and wants to take precautions to ensure the success of his company.
Consider two $1000 par treasury bonds that are zero-coupon: (i) a 1-year bond with a yield to maturity of 2%; (ii) a 2-year bond with a yield to maturity of 4%.
The yield curve is:_________
Answer:The yield curve is a graphical representation of the relationship between the yield to maturity (YTM) and the time to maturity for a set of fixed-income securities. It helps to visualize the term structure of interest rates.
In this case, we have two zero-coupon Treasury bonds with different maturities and yields to maturity:
(i) A 1-year bond with a YTM of 2%.
(ii) A 2-year bond with a YTM of 4%.
To determine the shape of the yield curve, we compare the yields to maturity for different maturities. In this scenario, we can observe that the yield on the 2-year bond is higher than the yield on the 1-year bond. This suggests an upward-sloping yield curve.
An upward-sloping yield curve indicates that longer-term bonds have higher yields compared to shorter-term bonds. It typically reflects the market's expectation of future interest rate increases or inflation. Investors demand higher yields to compensate for the increased risk associated with longer-term investments.
Therefore, in this case, the yield curve is upward-sloping.
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List 3 physical side effects of anger/stress and explain how they can impact your driving.
Answer:
um Speeding.
Tailgating.
Harsh braking or cornering.
Changing lanes erratically.
Jumping red lights
Explanation:
is this ok for u
Why is the housing market not a perfectly competitive market
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
Question 1 of 10
Why can consumers have influence over politicians?
O A. Government agencies are required to address consumer
complaints.
B. Consumers are able to boycott politicians' re-election campaigns.
C. Corporations use profits from consumers to lobby the
government.
D. Politicians rely on the votes of consumers to keep them in office.
SUBMIT
Answer:
it's most likely B or D. but you need to double check
Answer:
D. Politicians rely on the votes of consumers to keep them in office.
Explanation: i took the test.
\assume that the economy is at full employment. according to the quantity theory of money, a fully anticipated increase of the money supply will impact the price level and real output of an economy in what ways?
The correct option is C,a fully anticipated increase of the money supply will impact the price level and real output of an economy in Price level will increase, and real GDP will not change.
According to QTM (or, the quantity theory of money) as the economy’s price level(P) changes, it will directly affect the economy’s Ms (or, money supply)
The QTM equation is,
Ms * V = P * Y
Md = kPY
At money market equilibrium,
Ms = Md
M = kPY
P = M / kY
The values of k and Y in the economy are independent of Ms. This is because transactional Md causes k to be constant and Y=Yf as full employment exists in the economy.
So, a change(rise/fall) in Ms will cause P to change(rise/fall) proportionally.
GDP, or Gross Domestic Product, is a measure of the economic output of a country over a specific period of time, usually a year. It is calculated by adding up the value of all final goods and services produced within the country's borders, including those produced by foreign-owned firms and individuals.
GDP can be broken down into various components, including consumption, investment, government spending, and net exports. Consumption refers to the spending by households on goods and services, while investment refers to spending by businesses on capital goods such as machinery and equipment. Government spending includes all expenditures by federal, state, and local governments. Net exports refer to the difference between a country's exports and imports.
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Complete Question: -
Assume that the economy is at full employment. According to the quantity theory of money, a fully anticipated increase of the money supply will impact the price level and real output of an economy in what ways?
A. Price level and real GDP will both increase.
B. Price level will decrease, and real GDP will not change.
C. Price level will increase, and real GDP will not change.
D. Neither the price level nor real GDP will change.
E. Price level will increase, and real GDP will decrease.
I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
Mary loves to collect stickers. She has 7 sticker books. Each book has 87 stickers. What is a reasonable estimate for the total number of stickers? PLEASE I NEED HELP
Based on the number of sticker books that Mary has, a reasonable estimate for the total number of stickers is 609 stickers
How many stickers in total?There are 7 books for stickers that Mary has to collect the stickers she loves.
Each of the books holds around 87 stickers. The total number of stickers that Mary has as a reasonable estimate is:
= Number of sticker books x Number of stickers per book
Solving gives:
= 7 x 87
= 609 stickers
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Joe, 46, has owned his company for 18 years and wishes to retire at age 70. All of Joe's employees are older than he is and have an average length of service with the company of eight years. Joe would like to adopt a qualified retirement plan that would favor him and reward employees who have rendered long service. Joe has selected a traditional defined benefit pension plan with a unit benefit formula.
Required:
What is true regarding Joe's traditional defined benefit pension plan?
Answer:
A traditional defined benefit pension plan will maximize Joe's benefits and reward long-term employees based on the length of service
Explanation:
Hope this helped!☻
Construction of cash flow statement (lo 4-5) holmes company reported the following balance sheets at december 31, 20x2 and 20x1:
The cash flow statement of Holmes has been prepared using the very indirect method. The operating activities section begins.
With net income and then adds or subtracts adjustments to reconcile net income to net cash provided by operating activities.
Holmes Company
Cash Flow Statement
For the Year Ended December 31, 2018
(in millions of dollars)
Operating Activities:
Net income $130
Adjustments to reconcile the very net income to net cash
provided by operating activities:
Depreciation 30
Increase in accounts payable 20
Increase in accrued expenses 10
Decrease in accounts receivable 5
Increase in inventory (20)
Decrease in prepaid expenses 5
Net cash provided by operating activities 180
Investing Activities:
Purchase of fixed assets (100)
Net cash used in investing activities (100)
Financing Activities:
Payment of common dividend (78)
Purchase of treasury stock (40)
Issuance of long-term debt 30
Net cash used in financing activities (88)
Net increase in cash (8)
Cash, beginning of year 40
Cash, end of year 32
The net increase in cash is calculated by subtracting the beginning cash balance from the ending cash balance.
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The complete question is:
Construction of cash flow statement Holmes Company reported the following balance sheets at December 31, 2017 and2018:($ in millions)
December 31,20182017 Cash$45$40 Accounts receivable 170175 Inventory 250230 Fixed assets 500400 Accumulated depreciation(150)(120)
Total assets $815$725 Accounts payable $100$80 Long-term debt 455425 Common stock 5050 Retained earnings 280200 Treasury stock(70)(30)Total liabilities and stockholders' equity $815$725 Its income statement for 2018 was as follows:($ in millions)Sales$1,000Cost of sales(670)Depreciation(30)Other operating expenses(100)Income before taxes200Income taxes(70)Net income$130 Additional information:
During 20X2, Holmes had the following transactions:
a. Declared and paid a common dividend of $78 million.
b. Purchased additional fixed assets, but did not sell any.
c. Issued $30 million of new debt.
d. Paid interest on all its debt, and included the interest in Other operating expenses.
e. Repurchased common shares, but did not issue any.
Required:
Prepare a cash flow statement for Holmes for 20X2, using the indirect method to present the operating section. Use the worksheet approach described in the appendix to this chapter to construct the cash flow statement.