Sam's credit score is likely to be lower which can approximately be 350 due to his high credit card balances, missed payment, frequent credit card applications, and short credit history.
Here is an assessment of each factor and its impact on his credit score to be 350:
1. He currently has 3 credit cards (+1) - Having multiple credit accounts can improve credit score as long as they are managed well.
2. He got his first credit card 8 months ago (-2) - Credit history length is an important factor in calculating credit scores. A shorter credit history can lower the score.
3. He doesn’t have any student loans (+3) - Not having student loans will not impact his credit score directly.
4. He has $4,000 currently outstanding on all his credit cards (-) - High credit card debt can lower the credit score.
5. He missed a payment in the last three months when he forgot to notify the card company that he had recently moved out of his apartment. (-) - Late payments have a significant negative impact on credit score.
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The complete question is:
You’ve been assigned to be the credit counselor for Sam. For Sam, follow the directions tounderstand the impact of certain financial decisions on his credit scores. SAM SPENDTHRIFT is a college junior. He couldn’t wait until he turned 21, so he could apply for a few credit cards. Here are some details about his profile:
1. All of his 3 credit cards currently have a balance, as he has had trouble paying off his card each month.
2. He doesn’t have any student loans.
3. He opened his last credit card 4 months ago.
4. He has $4,000 currently outstanding on all his credit cards.
5. He missed a payment in the last three months when he forgot to notify the card companythat he had recently moved out of his apartment.
What do you think Sam’s credit score is (from a range of 300-850)? from NGPF 6.3 Section 5 in "Intro to Credit".
why do people who perceive themselves as victims of interactional injustice often blame their immediate supervisor rather than the organization at large?
Individuals who believe they have experienced interactional unfairness may be more prone to hold their immediate supervisor accountable than the entire company for a variety of reasons.
A group of people who collaborate to achieve a single purpose or goal is referred to as an organisation. It can be a corporate, non-profit organisation, or government body, among other things. To efficiently and effectively complete a certain activity or group of duties is the goal of an organisation. Clear leadership, open communication, and teamwork are necessary for this. Organizations can have different structures and cultures, be hierarchical or flat, centralised or decentralised, etc. An organization's capacity to innovate, adapt to shifting conditions, and continuously enhance its operations is a key factor in determining its success. To achieve common objectives and keep society running smoothly, organisations must be effective.
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If a bank's capital-to-asset ratio is 0.1 and it's return on equity is 6%, what is its return on assets?0.6%6.0%60%0.06%
The bank's asset return is 0.6%. Option A is correct.
The return on assets (ROA) of the bank can be calculated as the product of the bank's capital-to-asset ratio and its return on equity (ROE).
⇒ ROA = Capital-to-asset ratio * ROE
Substituting the given values, we get:
⇒ ROA = 0.1 * 0.06
⇒ ROA = 0.006 or 0.6%
Therefore, the bank's return on assets is 0.6%.
The return on assets (ROA) is a financial ratio that measures a company's profitability in relation to its total assets. It is calculated by dividing the company's net income by its total assets. ROA is an important measure of a company's efficiency in using its assets to generate profits.
A high ROA indicates that a company is using its assets effectively to generate profits, while a low ROA indicates that the company may be struggling to generate profits from its assets. It is important to note that ROA can vary widely between different industries, as some industries require more assets to generate profits than others.
The ROA formula can be expressed as:
ROA = Net Income / Total Assets
Net income is the company's total revenue minus all expenses, including taxes and interest. Total assets include all of the company's assets, such as cash, investments, property, equipment, and inventory.
It is important to note that ROA should be interpreted in the context of other factors, such as the company's industry, competitors, and economic conditions. For example, a company with a low ROA may be operating in a highly competitive industry or facing difficult economic conditions, which can impact its profitability. Option A is correct.
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(T/F) time pressures causes managers to neglect heuristics and engage in deep processing for decision making.
The given statement "Time pressures causes managers to neglect heuristics and engage in deep processing for decision making" is false because it is the opposite of what actually happens.
Time pressures are more likely to cause managers to rely on heuristics, which are mental shortcuts or rules of thumb that simplify complex decision-making processes. These heuristics can help managers to make decisions quickly and efficiently under time constraints.
On the other hand, when managers have more time to make decisions, they are more likely to engage in deep processing, which involves careful consideration of all available information and alternatives. Deep processing can lead to more thorough and accurate decision-making, but it can also be more time-consuming. Therefore, time pressures are more likely to lead to the use of heuristics, while having more time can lead to deeper processing for decision-making.
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sanders company has total assets of $405 million. its total liabilities are $110.1 million, and its equity is $294.9 million. calculate its debt ratio. (round your answer to 1 decimal place.)
Sanders Company's debt ratio is 0.3. This is calculated by taking the total liabilities ($110.1 million) divided by the total assets ($405 million), and then multiplying the result by 100.
The debt ratio for Sanders Company is 0.27 (rounded to one decimal place).Explanation:Debt ratio can be calculated as follows:
Debt ratio = Total liabilities / Total assetsGiven
Total assets of Sanders Company = $405 million
Total liabilities of Sanders Company = $110.1 million
Equity of Sanders Company = $294.9 million
Therefore, Total liabilities/Total assets = 110.1/405= 0.27
Thus, the debt ratio for Sanders Company is 0.27 (rounded to one decimal place).
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if an employee is a low performer with low potential, whose performance has required consistent coaching, the employee would most likely be put on an
If an employee is a low performer with low potential, whose performance has required consistent coaching, the employee would most likely be put on a performance improvement plan (PIP).
What's performance improvement plan (PIP)A performance improvement plan (PIP) is a document that outlines an employee's poor performance and what the employee can do to improve it. A performance improvement plan (PIP) is a tool used by managers to assist employees who are having difficulty fulfilling their responsibilities or meeting their job requirements.
Performance Improvement Plan (PIP) is a tool used to help an employee meet the expectations of his or her position when a performance deficiency is detected.
The aim of the plan is to promote and support an employee's continued professional development and productivity.The performance improvement plan (PIP) is a written document outlining a plan of action to help the employee improve their job performance.
It typically specifies the goals the employee should meet, the resources and assistance available to help the employee achieve the objectives, the deadline for achieving the goals, and the consequences of failing to do so.
In summary, if an employee is a low performer with low potential, whose performance has required consistent coaching, the employee would most likely be put on a performance improvement plan (PIP).
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on january 1, year 1, phillips company made a basket purchase including land, a building and equipment for $380,000. the appraised values of the assets are $20,000 for the land, $340,000 for the building and $40,000 for equipment. phillips uses the double-declining-balance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $5,000. the depreciation expense for year 1 for the equipment is:
The depreciation expense for Year 1 for the equipment is $19000.
On January 1, Year 1, Phillips Company made a basket purchase including land, a building and equipment for $380,000. The appraised values of the assets are $20,000 for the land, $340,000 for the building and $40,000 for equipment.
Phillips uses the double-declining-balance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $5,000. The calculation of the depreciation expense for the equipment in year 1: Depreciation rate = 2 x Straight-line rate.
Straight-line rate = (Cost - Salvage value) / Useful life. Straight-line rate = ($40,000 - $5,000) / 4 years = $8,750. Depreciation rate = 2 x $8,750 = $17,500.
Depreciation expense for year 1 = Depreciation rate x Book value at the beginning of the year. Depreciation expense for year 1 = $17,500 x ($40,000 / $380,000) = $1,841 (rounded off to nearest dollar). Therefore, the depreciation expense for Year 1 for the equipment is $19000.
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november 480 16,200 december 120 7,200 using the high-low method, the variable component of its maintenance cost is:
The variable component of maintenance cost is $25 per machine hour.
To use the high-low method to determine the variable component of maintenance cost, we need to first identify the highest and lowest levels of activity and the corresponding maintenance costs. In this case, the activity level is measured in machine hours and the maintenance costs are in dollars. The highest level of activity is 480 machine hours in November with a maintenance cost of $16,200, and the lowest level of activity is 120 machine hours in December with a maintenance cost of $7,200. Using this information, we can calculate the variable component of maintenance cost as follows:
Variable component of maintenance cost = (Highest cost - Lowest cost) / (Highest activity level - Lowest activity level)
= ($16,200 - $7,200) / (480 - 120)
= $9,000 / 360
= $25 per machine hour
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the time that it takes the government to realize that there is a problem int he economy is called is
The time that it takes the government to recognize a problem in the economy is called: Recognition lag.
What is the recognition lag?The recognition lag is the time it takes the government or economic authorities to recognize the occurrence of a problem in the economy. The economy is an important component of a country's growth and development. As a result, there are periods when the economy does not operate at its optimum level or when things go wrong in the economy.
Recognizing these problems and taking corrective measures is critical for maintaining economic stability. However, it takes time for the government or the authorities to acknowledge that there is an issue and begin working on it. This is known as the recognition lag.
What are the reasons for the recognition lag?There are several reasons why the recognition lag occurs.
Deficiency of data: Government and economic authorities need data to assess the current state of the economy. When data is scarce, it takes longer to comprehend what is going on in the economy. Time required to identify patterns: It is necessary to examine the data and search for patterns that might indicate that there is a problem in the economy. This is a time-consuming process and can take a long time to complete.Delayed reporting: Reporting of data is also a significant factor in the recognition lag. There might be a delay in getting the data, resulting in a delay in assessing the economy's state.To know more about Recognition lag, refer here:
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suppose you'd like to save enough money to pay cash for your next car. the goal is to save an extra $27,000 over the next 5 years. what amount must be deposited quarterly into an account that earns 5.2% interest, compounded quarterly, in order to reach your goal? round your answer to the nearest cent, if necessary.
We may use the annuity future value calculation to compute the amount that needs to be deposited quarterly to save $27,000 in five years. An annuity is a series of periodical payments of equal amounts.
We can use the formula to get: FV = ((1 + r/n)(n*t) - 1) / (r/n) Where FV is the future value, PMT denotes the periodic payment, r denotes the interest rate, n denotes the number of compounding periods each year, and t denotes the number of years. Using the provided values, we get: $27,000 = PMT * ((1 + 0.052/4)^(4*5) - 1) / (0.052/4) When we solve for PMT, An annuity is a series of periodical payments of equal amounts. we get: PMT = $427.08 To save $27,000 in five years with quarterly compounding at a 5.2% interest rate, a deposit of $427.08 is required quarterly into the account.
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which of the following measures capacity levels in terms of demand for the output of the plant? group of answer choices theoretical capacity and normal capacity utilization normal capacity utilization and master-budget capacity utilization master-budget capacity utilization and practical capacity practical capacity and theoretical capacity
The master budget capacity utilization is the answer that measures capacity levels in terms of demand for the output of the plant.
The theoretical capacity is the highest output capacity achievable under perfect conditions, while practical capacity is the sustainable maximum capacity of the production process. Normal capacity utilization refers to the percentage of normal capacity that is currently being utilized.
Meanwhile, the master budget capacity utilization is the capacity that is expected to be achieved during the budget period based on the budgeted sales volume. It is computed by dividing the budgeted production by the master budget capacity.
The capacity utilization rate measures how much of the total capacity of a business is being used over a specific period of time. The measurement is significant because it provides the organization with an indication of how efficiently its resources are being utilized.
This can aid in the identification of underutilized resources that can be improved to increase capacity utilization, reduce idle time, and increase revenue. Hence, the master budget capacity utilization measures capacity levels in terms of demand for the output of the plant.
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in which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates? multiple choice peak recession trough expansion
The economy is likely to experience a rising real output and decreasing unemployment rates in the expansion phase of the business cycle.
What is the business cycle?The business cycle refers to the regular fluctuations of expansion and recession in an economy. The business cycle is characterized by the upward and downward movement of economic indicators, such as real GDP, inflation, and unemployment, over time.
In the expansion phase of the business cycle, the economy is expanding, as indicated by increased production, employment, and spending, as well as rising prices. The expansion phase is typically characterized by increased consumer and business confidence, leading to increased investment and economic activity.
During this phase, economic indicators such as GDP, employment, and consumer spending all improve. Therefore, the economy would experience a rising real output and decreasing rates of unemployment in the phase of expansion of the business cycle.
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valuable capabilities allow the firm to: exploit threats in its external environment. neutralize opportunities in its internal environment. exploit opportunities or neutralize threats in its external environment. exploit opportunities and threats in its internal environment.
Valuable capabilities enable the organization to capitalize on opportunities or mitigate dangers in its external world. Just when the value generated exceeds all expenditures invested in creating that value can the business earn above-average profits.
What exactly are non-substitutable skills?
If there isn't any economically comparable valued assets that can be either uncommon or imitable.
When are difficult-to-imitate capabilities created?
If a company acquires skills as a result of a singular historical circumstance.
If a company seems to have a distinct and significant organizational culture that evolved early in its existence.
If the causal relationship here between firm's fundamental skills and its competitive edge is unclear.
If a company's capabilities are indeed the result of complicated social processes.
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for an organization to succeed, it is necessary be both efficient and effective group of answer choices true false
True. For an organization to succeed, it is necessary to be both efficient and effective. Efficiency refers to the ability to accomplish tasks with minimum waste of time, money, and resources.
Effectiveness, on the other hand, refers to the ability to achieve the desired results and meet the organization's goals and objectives.
Being efficient and effective are both important for organizational success because they work together to help the organization achieve its goals in a timely and cost-effective manner. An organization that is efficient but not effective may be able to accomplish tasks quickly, but if the results do not meet the organization's goals and objectives, the effort will have been wasted. Similarly, an organization that is effective but not efficient may be able to achieve its goals, but it may take too much time, money, or resources to do so, which can hinder the organization's growth and success in the long run.
Therefore, for an organization to be successful, it needs to strike a balance between efficiency and effectiveness, ensuring that it can accomplish its goals in a timely, cost-effective manner while also achieving the desired results.
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What is principle of marginal decision-making?
The principle of marginal decision-making is a decision-making principle that involves analyzing the additional benefits and costs of a specific course of action.
Marginal decision-making is a decision-making approach that involves comparing the marginal cost and the marginal benefit of an activity. Marginal cost refers to the extra cost of producing or acquiring one additional unit of a product or service, while marginal benefit refers to the extra satisfaction or utility obtained from the production or consumption of an additional unit of a product or service.
The principle of marginal decision-making is a decision-making principle that involves analyzing the additional benefits and costs of a specific course of action. It is used to determine whether the benefits of a specific course of action outweigh the costs. Marginal decision-making involves weighing the additional benefits and costs of an activity and comparing them to determine whether the benefits exceed the costs or vice versa.
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Which of the statements about B2B e-commerce is correct?
a. Shopping websites use B2B e-commerce.
b. B2B websites offer fixed, consistent pricing for all purchases.
c. The end consumer is the decision-maker in the transactions.
d. Examples of B2B services are advertising, technical support, and training
Option (d) Examples of B2B services are advertising, technical support, and training is the correct statement about B2B e-commerce.
What is B2B e-commerce?B2B e-commerce refers to online sales between businesses. Companies use B2B e-commerce sites to purchase goods and services from other companies. Businesses collaborate with one another via the internet in B2B e-commerce, resulting in a supply chain that is often quicker, more efficient, and more cost-effective. B2B companies serve other businesses rather than selling to end-users.
In B2B e-commerce, the end-consumer is not the decision-maker. B2B websites do not use fixed or consistent pricing for all purchases, as stated in option (b). For the other options, Shopping websites do not use B2B e-commerce, as stated in option (a), and B2B e-commerce is not used by end-consumers, as stated in option (c). Therefore, option (d) Examples of B2B services are advertising, technical support, and training is the correct statement about B2B e-commerce.
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The correct statement about B2B e-commerce is that B2B websites offer fixed, consistent pricing for all purchases.
B2B eCommerce is an online marketplace where businesses sell goods or services to other businesses, rather than to individual consumers, which is B2C.
In the context of B2B, businesses are usually the consumers who use e-commerce to purchase products or services for their operations. B2B e-commerce is distinct from B2C e-commerce in a variety of ways.
It involves a range of different types of transactions and product offerings. It is important to note that businesses require a variety of solutions to meet their unique requirements when shopping.
Hence, B2B websites provide fixed and consistent pricing for all purchases, which is why the statement 'B2B websites offer fixed, consistent pricing for all purchases' is correct.
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which of the following is not a reason for facility layout studies? a. there is significant change in demand or throughput volume. b. a new good or service is introduced to the customer benefit package. c. accounts receivable increases significantly. d. different process, equipment and/or technology are installed.
The correct answer is C. Accounts Receivable increases significantly. This is not a reason for facility layout studies, as facility layout studies are focused on the physical layout of a facility, such as the placement and arrangement of equipment, machines, materials, and people in a facility.
Facility layout studies are conducted to optimize the workflow, making sure that equipment, machines, and people are efficiently arranged. Reasons for facility layout studies include changes in demand or throughput volume, the introduction of new goods or services to the customer benefit package, or the installation of different processes, equipment and/or technology. All of these are related to the physical layout of the facility, and optimizing the workflow.
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mitchell orally agrees to pay lorena to plant and harvest a quarter of mitchell's farm acreage for four soybean seasons. after lorena prepares the land and plants the first crop, mitchell says that their deal is off. lorena can most likely recover
The term used for a promise that has no writing or documentation is an oral agreement. Mitchell and Lorena have an oral agreement to pay Mitchell to plant and harvest a quarter of Mitchell's farm acreage for four soybean seasons. After Lorena prepares the land and plants the first crop, Mitchell states that their agreement is null and void.
What recourse does Lorena have in such a scenario? Lorena is likely to be able to recover damages in court. When two or more people come to an oral agreement, it is binding on both parties, but the terms of the agreement may be more difficult to enforce because there is no written record of the agreement. If the parties involved have a legitimate disagreement or dispute over the terms of an oral agreement, the agreement's terms become he said, she said. If the person who received the better bargain agreed to the oral agreement and then breaks it, the other party has the right to sue for damages.
To obtain an order of specific performance, the person who broke the oral agreement must be sued. They're suing to compel that person to keep their end of the bargain.
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software engineers and other workers in a company are complaining about a new employee evaluation system. which kind of resistance to change are they demonstrating?
The resistance to change that the software engineers and other workers are demonstrating is known as normative resistance. This type of resistance to change arises when people feel like the change is unfair, unjust, or just plain wrong.
This often occurs when the change is perceived to be out of alignment with the values and beliefs of the individuals in the organization. In this case, the new employee evaluation system is being met with resistance because the workers feel that it does not accurately reflect their abilities or successes.
Normative resistance to change is often difficult to overcome as it is a fundamental belief system that is difficult to alter. In order to address this resistance, the company should ensure that their employees have a clear understanding of the new evaluation system and the reasons for the change.
The company should also provide an explanation of the benefits of the change and a clear communication plan for how the change will be implemented. Finally, it is important to allow for discussion and feedback from employees on the new evaluation system. This can help ensure that the workers feel heard and that their concerns are taken into account.
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organizational design is concerned with which activities? (choose every correct answer.) multiple select question. creating a structural design that will help an organization execute its strategies excluding responsibility from the organizational structure minimizing all forms of accountability within an organization
Organizational design is concerned with the processes involved in developing the structural layout that would enable a company to carry out its strategies .
What other names do you know for organizational design?The process of organizational design, commonly referred to as organizational structure, involves breaking down a business or organization into its several departments to identify characteristics of its processes, production, and workflow.
How does organizational design serve its purposes?Aligning an organization's structure with its goals in order to increase efficiency and effectiveness is a process called organizational design. The need to enhance certain business processes or the supply of services, as well as the issuance of a new mandate, can all be sources of work.
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in southern california, the demand for real estate has been increasing rapidly for years. therefore, the cost of capital is in southern california's vineyards. explicit; decreasing explicit; increasing implicit; decreasing implicit; increasing
"In Southern California, the demand for real estate has been increasing rapidly for years. Therefore, the cost of capital is Implicit, increasing in Southern California's vineyards. The correct answer is option d.
Real estate is an industry that contributes significantly to economic development. The value of real estate properties increases due to the rise in demand. The cost of capital, on the other hand, is the price of borrowing funds for business or investment purposes. It varies from region to region, depending on the availability of funds, competition among lenders, and demand for capital.
In Southern California, the demand for real estate has been increasing rapidly for years. Therefore, the cost of capital is implicit; increasing in Southern California's vineyards. The increased demand for real estate requires more funds for financing, which leads to increased competition among lenders, driving the cost of capital upward. Therefore, the correct answer is option d.
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Complete question
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In southern california, the demand for real estate has been increasing rapidly for years. therefore, the cost of capital is in southern california's vineyards.
a. explicit; decreasing
b. explicit; increasing
c. implicit; decreasing
d. implicit; increasing
which of the following statements is true of mass customization? it does not need the additional costs of creating need-specific components. it works best if a product can be broken into modules that offer different features. it does not require standard core components to be produced in large scale. it is the best option when products need to be customized from start to end.
The following statement is true of mass customization: it works best if a product can be broken into modules that offer different features.
Mass customization is the production of goods and services that meet individual customer's demands with near-mass production efficiency. Mass customization often takes a modular approach, breaking the product into components that can be created in various versions or models.
The customer can choose which components to include in the final product, allowing them to create their own unique combination. As a result, mass customization works best if a product can be broken into modules that offer different features.
Customization can only be achieved through customization modules that are standardized to an acceptable degree to ensure that the final product meets the customer's requirements.
Mass customization is often more expensive than mass production because it requires individual orders to be tracked, inventory to be held in a modular form, and a flexible manufacturing environment to be maintained.
The modularization of products allows customers to mix and match standardized components in various configurations to suit their particular needs. Mass customization can be seen as the best of both worlds: the flexibility of a customer-driven order and the efficiencies of a large-scale, mass-production facility.
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finding a retail site that has more than ample parking, excellent access and walk-in trade potential is an example of maximizing which of the marketing ps? price place product promotion
The retail site that has more than ample parking, excellent access, and walk-in trade potential is an example of maximizing the 'place' of the marketing mix.
The marketing mix refers to the set of tactical marketing tools that the company blends to produce the desired response in the market. The four P's of marketing include product, price, promotion, and place. They are the key elements of the marketing mix, and their correct combination is essential for the marketing of the product.The Place is an important factor of the marketing mix. It refers to the location where the product is available, including the channels used to distribute the product to the customers. In the present scenario, retail site with excellent access, more than ample parking, and walk-in trade potential is an example of maximizing the place of the marketing mix.Therefore, we can conclude that finding a retail site that has more than ample parking, excellent access, and walk-in trade potential is an example of maximizing the place of the marketing mix.
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When is an impairment loss reported on a significant influence investment in the stock of another company, following U.S. GAAP and IFRSU.S. GAAPBook value > higher of market value or value-in-useIFRSOther than temporary impairmentU.S. GAAPOther than temporary impairmentIFRSBook value > higher of market value or value-in-useU.S. GAAPIf a "loss event" occursIFRSNot reportedU.S. GAAPOther than temporary impairmentIFRSIf a "loss event" occurs
An impairment loss is reported on a significant influence investment in the stock of another company when the following conditions are met under U.S. GAAP and IFRS:
U.S. GAAP:
1. An "other than temporary impairment" occurs, and
2. A "loss event" occurs.
IFRS:
1. An "other than temporary impairment" occurs, and
2. The book value is greater than the higher of market value or value-in-use, and
3. A "loss event" occurs.
In both cases, the impairment loss is recognized when a "loss event" has occurred and the impairment is considered to be other than temporary. Under IFRS, an additional criterion of book value being greater than the higher of market value or value-in-use is considered.
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clare's annual gross salary is $36,000, and her after-tax income is $28,800. what is clare's maximum recommended monthly consumer credit payment?
The maximum recommended monthly consumer credit payment for someone with a gross annual salary of $36,000 and after-tax income of $28,800 is 10% of their take-home pay. This means that Clare's maximum recommended monthly consumer credit payment should be around $288.
It is important for Clare to consider her other financial obligations and make sure that she can make all payments on time when calculating her maximum recommended payment. Additionally, she should prioritize paying off her highest interest rate debts first and make sure that she is not taking on any more debt than she can handle. It is also important to note that the 10% rule can be adjusted depending on Clare's other financial obligations and priorities.
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exercise 8-3 (static) lump-sum purchase of plant assets lo c1 rodriguez company pays $395,380 for real estate with land, land improvements, and a building. land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. 1. allocate the total cost among the three assets. 2. prepare the journal entry to record the purchase.
The journal entry to record the buy is:
Land 157,401 Land improvements 58,912 Building 176,667 Cash 395,380
To allocate the total cost among the three assets, we need to calculate the relative fair market value of each asset and multiply it by the total cost.
The relative fair market value is the appraised value of the asset divided by the sum of the appraised values of all three assets. For example, the relative fair market value of land is $157,040 / ($157,040 + $58,890 + $176,670) = 0.398. The allocation of the total cost is as follows:
Land: 0.398 x $395,380 = $157,401 Land improvements: 0.149 x $395,380 = $58,912 Building: 0.447 x $395,380 = $176,667 Total: $395,380
The journal entry to record the buy is:
Land 157,401 Land improvements 58,912 Building 176,667 Cash 395,380
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nell sells a passive activity with an adjusted basis of $45,000 for $105,000. suspended losses attributable to this property total $45,000. the total gain and the taxable gain are:
The total gain from the sale is $60,000 and the taxable gain is $15,000.
When a passive activity is sold, suspended losses are released and can be used to offset any gains from the sale. In this case, the suspended losses of $45,000 will be used to offset the gain from the sale.
To calculate the total gain from the sale, we subtract the adjusted basis from the sale price:
Total gain = Sale price - Adjusted basis
Total gain = $105,000 - $45,000
Total gain = $60,000
To calculate the taxable gain, we need to subtract the amount of suspended losses used to offset the gain from the total gain:
Taxable gain = Total gain - Suspended losses used
Taxable gain = $60,000 - $45,000
Taxable gain = $15,000
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corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea.group startstrue or false
The given statement "Corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea" is true.
What is corporate citizenship?Corporate citizenship is the act of a company or a business taking responsibility for its impact on society and the environment. In other words, Corporate citizenship is a set of actions and behaviors that business organizations undertake in order to maintain a positive relationship with its stakeholders.
Corporate Citizenship is also known as Corporate Social Responsibility (CSR) or Corporate Responsibility (CR).
It involves various aspects of a company's operations, such as:
Conducting business ethically and legallyActing with transparency and accountabilityReducing environmental Impact Supporting community development and initiativesContributing to social and economic development initiativesCreating job opportunities and upskilling employeesParticipating in philanthropic activitiesEnsuring the health and safety of workers and customersProviding quality goods and services at fair pricesIn summary, Corporate Citizenship is a form of ethical conduct that involves acting with social and environmental responsibility in addition to profitability.
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which pair of firms has the least resource similarity? a. target; walmart b. small, family-owned italian restaurant; olive garden c. fedex; ups d. hp; dell
Option (c) Fedex; UPS is the appropriate choice. When two businesses compete in the same market, this is known as market commonality.
What is a similarity between resources?Resource similarity measures how much access rivals have to the same resources . Businesses are more prone to view one another as competitors and spend more time keeping an eye on one another's behavior when there is a high level of market commonality.
How comparable are two companies' resource pools?Market commonality refers to the markets that two businesses share if they compete by manufacturing comparable goods. When discussing resource similarities, it's important to note that both items' production processes make use of comparable resources.
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what is portfolio management? managing a collection of related projects managing a collection of related portfolios managing a collection of related programs managing a collection of it, security, and auditing departments managing a collection of related tasks
Portfolio management refers to the art of managing a collection of related projects. It involves coordinating various projects and directing resources, as well as identifying priorities and providing feedback.
Portfolio management requires a lot of planning and monitoring to ensure that the portfolio is being managed effectively. This includes:
-evaluating the performance of individual projects,
-identifying any issues,
-and taking corrective action if necessary.
Portfolio management is a key function in many organizations, particularly those in the technology and finance sectors. It allows organizations to allocate resources more effectively, reduce risks, and improve overall performance. Effective portfolio management requires a range of skills, including project management, financial analysis, and strategic planning. It also requires a deep understanding of the organization's goals, culture, and values.
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moan is a single taxpayer who operates a sole proprietorship. she expects her taxable income next year to be $250,000, of which $200,000 is attributed to her sole proprietorship. moan is contemplating incorporating her sole proprietorship. using the single individual tax brackets and the corporate tax rate in tax rates at the end of the book, find out how much current tax this strategy could save moan (ignore any social security, medicare, or self-employment tax issues). how much income should be left in the corporation
Moan, as a single taxpayer operating a sole proprietorship, may benefit from incorporating her business. Depending on her total taxable income, incorporating her sole proprietorship could reduce her current tax liability.
Under the individual tax brackets, individuals who make more than $518,400 in taxable income will be taxed at a rate of 37%. For taxable income between $207,351 and $518,400, the tax rate is 35%. Income below $207,351 is taxed at a rate of 12%.
For corporations, the current tax rate is 21%. Therefore, if Moan incorporates her sole proprietorship, her taxable income will be taxed at a lower rate than the individual tax rate.
To calculate the amount of current tax that Moan could save, we must first calculate the total tax liability for her individual tax rate. Assuming that all of Moan’s taxable income is attributed to her sole proprietorship, her total tax liability would be $77,387.50 (37% * $250,000).
We can then calculate the amount of tax Moan would be liable for if she incorporated her sole proprietorship. Since the corporate tax rate is 21%, her total tax liability would be $52,500 (21% * $250,000). By incorporating her sole proprietorship, Moan would save $24,887.50 in taxes.
In terms of how much income should be left in the corporation, it depends on Moan’s overall financial situation.
In order to reduce her tax liability further, Moan should consider what expenses she can deduct from her business income, as well as how much of her business income she can reinvest in her business. By reinvesting income, Moan can further reduce her tax liability.
Ultimately, it is up to Moan to decide how much income she should leave in the corporation.
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