The recognition principle, revenue is recorded on the financial statements when the: (a)earnings process is virtually complete (b) value of a sale can be reliably determined.
What Are financial Statements?
Financial statements are written records that carry the enterprise activities and the financial performance of a enterprise. Financial statements are regularly audited via authorities companies, accountants, corporations, and many others. to make sure accuracy and for tax, financing, or making an investment functions.
What are the principle 3 financial statements?
The earnings declaration, stability sheet, and assertion of cash flows are required financial statements. These three statements are informative tools that investors can use to investigate a business enterprise's economic energy and offer a short photo of a enterprise's monetary fitness and underlying fee.
What are the four varieties of financial statements?
There are four fundamental financial statements. they're: (1) balance sheets; (2) earnings statements; (3) cash float statements; and (4) statements of shareholders' fairness. balance sheets display what a agency owns and what it owes at a fixed point in time.
What are the 6 basic financial statements?
The economic Accounting standards Board (FASB) has defined the following factors of financial statements of enterprise organizations: belongings, liabilities, equity, revenues, costs, gains, losses, funding with the aid of owners, distribution to proprietors, and complete earnings.
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do you think business leaders would favor a more centralized form of government or decentralizing public services to each state? why, or why not?
According to me business leaders will favor centralized form of government.
The reason being- that centralized government will allow the business leaders to act the way they want. A centralized government delegated supreme political authority to a central body or small group of individuals who are in charge of ensuring the proper operation of the economy and all other governing bodies.
Other than that, there are several other benefits of centralized government are-
Because of the concentration of decision-making power, it is effective at pursuing high-level government goals.Because it eliminates duplication within the administration, centralization saves money.When decision-making power is concentrated, it is easier and faster to implement political reforms and policies. It avoids tensions among different governments.It promotes equality and consistency across regions because, in theory, decisions are made with the welfare of the entire country in mind, not just a portion of it.Makes the development of local clientelist networks more difficult.It will be easier to develop uniform regulation and maintain a unified single market for business (avoid multiplication of paperwork)Learn more about centralized government here:
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which one of the following statements would be most likely to convince an employer of the worth of a sociology degree?
One of the following claims is most likely to persuade a potential employer that a sociology degree is valuable: "Among other things, a sociology degree helps me to recognize and project population trends."
Sociology is a branch of social science that focuses on human societies, social relationships, and the forces that shape and transform them. This is accomplished through looking at how various aspects of society, such as institutions, communities, people, and groups based on gender, race, or age, function. Along with societal disorder in the form of crime, deviance, and revolution, sociology also examines social movements, social transformation, and social rank or stratification.
Human behavior is generally governed by social interactions, in large part because humans lack the instincts that drive most animal behavior. Therefore, in order to make decisions and take acts, humans need on social institutions and organizations. Given the significant role that organizations play in shaping human behavior, sociology's mission is to understand how organizations influence individual behavior as well as how they are founded, interact with one another, degrade, and ultimately dissolve. Economic, religious, educational, and political institutions are some of the most fundamental organizational structures. Other, more specialized institutions include the family, the community, the military, peer groups, clubs, and volunteer associations.
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Financial reports that summarize the financial condition and operations of a business.
Financial statements are written records that convey the business activities and also the financial performance of an organization. This reports summarize the status and operations of a business.
Financial statements are often audited by government agencies, accountants, firms, etc. to confirm accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the record, earnings report, statement of money flow, and statement of changes in equity. Nonprofit entities use an analogous but different set of monetary statements. The profit-and-loss statement primarily focuses on a company’s revenues and expenses during a specific period. Once expenses are subtracted from revenues, the statement produces a company's profit figure called profits. The income statement (CFS) measures how well an organization generates cash to pay its debt obligations, fund its operating expenses, and fund investments.
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Which term would be measured with specific numbers of a target audience?
reach
marginal analysis
O
A/B testing
media strategy
Answer:
media strategy
Explanation:
media strategy
Bank refuses to give laszlo a mortgage unless an accommodation party signs the instrument as well. laszlo's sister lana signs the loan and writes, "i guarantee collection." can wainwright claim directly against lana without first demanding payment from laszlo?
It is false statement that Wainwright bank can claim directly against Lana without first demanding payment from Laszlo.
Who is an accommodation party?In a legal term, the accommodation party is used in an commercial transactions and refers to the individual who has agreed to act as guarantor to assist another's access to a loan or credit extension.
Despite that Lana is a guarantor for the loan, she is not liable for outright repayment of the mortgage, rather, Laszio is. Therefore, It is false statement that Wainwright bank can claim directly against Lana without first demanding payment from Laszlo.
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Reporting revenues only when cash is received and expenses only when cash is paid is called the.
Reporting revenues only when cash is received and expenses, only when cash is paid, is called the cash basis of accounting.
Cash basis refers to a prime accounting approach that recognizes revenues and costs on the time coins is obtained or paid out. This contrasts with accrual accounting, which recognizes earnings at the time the revenue is earned and data costs whilst liabilities are incurred no matter when cash is acquired or paid.
Cash-basis accounting is a easy accounting method geared toward small business owners. In case you run a small corporation, you may need to apply the coins-basis technique for your books. to apply the coins-basis approach, you record each transaction as money changes arms
Accrual accounting data sales and costs while transactions occur but earlier than money is acquired or dispensed. coins foundation accounting records sales and costs while cash related to the ones transactions really is received or allotted.
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select a reason why cash flow forecasting is important to a company's success. a.) it is central to a company's liquidity. b.) it helps a company to grow its sales. c.) it contracts a company's cash disbursement cycle. d.) it increases a company's processing float time.
Correct option is A. It is central to a company's liquidity.
What is the importance of cashflow?
One of the most important factors in determining a company's long-term success is its cash flow. Cash flow is the amount of money that enters and exits your organization over a certain time period, and it often affects the company's liquidity.
Positive cash flow suggests that more money has been received by the business than has been received by it. Negative cash flow indicates that more money has left the firm than has been received by it. What is deemed advantageous for a business's performance is a good cash flow situation.
To handle finances in a way that the business can settle all of its debts and loans on schedule, cash flow forecasting is used.
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a building rents for $32 per square foot with an index of 1.6. the index increases to 1.9. what is the adjusted rental rate?
The adjusted rental rate is $41.60.
What is the adjusted rental rate?Price index measure the relative change in prices relative to a base year. Changes in indexes give a measure of inflation in the economy. The rental rate would be adjusted for inflation.
Inflation is when the general price level in an economy increases. Inflation can be as a result of an increase in the demand for goods and services or an increase in the cost of production.
The adjusted rental rate can be determined by first calculating the inflation rate and then increasing the rent for the calculated inflation rate.
Inflation rate = 1.9 - 1.6 = 0.3 = 30%
The adjusted rental rate = (1.3) X $32 = $41.60
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or each account, identify whether the normal balance is a debit (dr) or credit (cr). question content area bottom part 1 a. notes payable b. herman, withdrawals c. service revenue d. land e. unearned revenue f. herman, capital g. utilities expense h. office supplies i. advertising expense j. interest payable
The personal account, real account, and nominal account are the accounts used to record journal entries.
Classification of Account
According to the rules of the personal account, real account, and nominal account, we debit what comes in and credit what goes out, debit what is received and credited, and debit what is received and credited, respectively.
Personal Account
These account types have a connection to people. These persons could be real people, such as the accounts for Raj, Rajesh, Ramesh, Suresh, etc.
These people could also be made-up entities like corporations, partnerships, bodies corporate, associations of people, etc
Real Accounts
These account categories relate to possessions or assets. Intangible real accounts and Tangible real accounts are two further categories.
Nominal Account
These account kinds relate to profits or income and losses or expenses. As an illustration, consider the following examples: rent, commission received, salary, wages, transportation, etc.
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when completing an online purchase order, fully complete the form before you click send. incomplete order forms will not be processed.
the correct answer is
When filling out an online purchase order, complete the form fully before you click "Send." Incomplete order forms will not be processed.Learn to speak slowly and clearly.A language that is seen to be straightforward and concise is plain English. It typically stays away from using obscure terms and obscure euphemisms to discuss the issue. A simple, direct expression using only the words essential is known as plain English. Writers that use simple language allow their readers to focus on the topic rather than getting sidetracked by technical terms. They make sure that the message is clear to their audience. When information is presented in plain English, it makes it easier for someone to comprehend it the first moment they read or hear it. They can simply get the information they require, comprehend it, and take action if necessary.
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Pepsico entered into a long-term contract with a south african beverage company. The contract calls for the south african firm to produce and market pepsi products in the country. Pepsico will receive royalties on each case of sodas sold. This is an example of.
Pepsico signed a long-term agreement with a beverage manufacturer in South Africa. According to the agreement, the South African company must manufacture and promote Pepsi goods there. Every time a case of soda is sold, Pepsico will collect royalties. This is an example of licensing.
The term "licensing" refers to a commercial agreement in which one firm grant another company a temporary right to use its intellectual property, such as its manufacturing method, brand name, copyright, trademark, patent, technology, trade secret, etc., in exchange for fair compensation and subject to certain terms.
Coca-Cola and Pepsi, for instance, are made and marketed locally by bottlers in several nations under a license structure.
In more precise words, it is the simplest kind of commercial partnership in which a corporation rents out its market-specific product expertise in return for access to the market.
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identify four service industries that, according to your textbook, are expected to have the greatest employment potential?
Four service industries that, according to your textbook, are expected to have the greatest employment potential:
Information technologies
Health care
Financial Services
Social services
Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). Some service sectors, such as transportation, wholesale, and retail commerce, are involved in the supply chain, which moves products made in the industrial and agricultural sectors to end users.
Everything else falls under the category of service industries, which also includes banking, communications, wholesale and retail trade, all professional services like engineering, computer software development, and medicine, nonprofit economic activity, all consumer services, and all governmental services, such as defence and justice administration.
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as the supply shifts from s1 to s2, what can be inferred about the quantity demanded? a) the quantity demanded will increase. b) the quantity demanded will decrease. c) the quantity demanded will not be affected. d) the quantity demanded can not be determined.
As the supply shifts from s1 to s2,
b) the quantity demanded will decrease.
Supply of a commodity refers to the quantity of a commodity that producers or sellers are willing to produce and offer for sale at various prices during a particular period. The law of supply states that other things remain the same, the quantity of any commodity for sale rises with a rise in its prices and vice versa.
Thus, according to the law of supply, the supply increases from s1 to s2 because of the rise in prices. Conversely, according to the law of demand, this rise in prices leads to a fall in the quantity demanded. This increase in supply indirectly leads to an increase in demand.
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joe to go offers donuts with its simple cup of black coffee that customers serve themselves. in doing so, the company has determined its , which satisfies the needs that dad has as a customer.
Answer:
target market
Explanation:
The answer is target market, because , as stated in the question, Joe to go is a company that offers donuts with its simple cup of black coffee that customers serve themselves, which would indicate that their target market are people who would be interested in such a thing and "satisfies the needs that dad has as a customer."
accounting is the process of allocating all costs associated with a sale as being direct or indirect.
Cost accounting is the process of allocating all costs associated with a sale as being direct or indirect.
What is cost accounting?Cost accounting refers to the process of allocating the costs to cost objects that may include the products, services, and all other activities of the company.
Cost accounting plays a very significant role in accountancy as it identifies where a company is spending its money, how much it earns, and where money is being invested.
Basically, cost accounting helps the company identifying which costs has to be controlled and which cost has to be increased.
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corporation has municipal bonds classified as a held-to-maturity at december 31, 2020. these bonds have a par value of $
The corporation has municipal bonds classified as a held-to-maturity on December 31, 2020. these bonds have a par value of $ 871,000.
Short-time period bonds mature in a single to three years, whilst long-time period bonds might not mature for more than a decade. normally the interest on municipal bonds is exempt from federal income tax. The hobby will also be exempt from state and neighborhood taxes if you reside within the state in which the bond is issued. when you buy a municipal bond you are loaning cash to the provider in change for a set number of interest payments over a predetermined period.
At the end of that duration, the bond reaches its adulthood date, and the total amount of your unique investment is again to you. they intend to personal bonds as lengthy-term investments to be held to adulthood buyers may wish or want to promote their bonds previous to their said maturity. There are risks and fees associated with selling a municipal bond previous to maturity. whilst the interest earnings are typically tax exempt for municipal bonds capital gains found from selling a bond are a challenge to federal and country taxes.
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Select the correct answer. which item(s) are tax deductible for consumers who are buying a home? a. down payment b. mortgage property appraisal and inspection costs c. closing fees and title costs d. mortgage interest and property taxes e. insurance payment
The correct answer is (d) Mortgage rates and property taxes.
Mortgage rates and property taxes are the taxes which are deductible for consumers who are buying a home.
The mortgage interest deduction is a typical itemised deduction that enables homeowners to exclude from taxable income the interest they pay on any loans used to finance the construction, acquisition, or improvement of their property.
Loans for second homes and vacation homes are also eligible for the mortgage interest deduction, although there are some restrictions. In most cases, state and local property taxes can be written off against a property owner’s federal income taxes. Any federal, state, local, or foreign taxes imposed for the benefit of the general populace are deductible real estate taxes.
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in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. find the amount deposited at each of the total annual interest income is $1680
If in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. The amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
Amount depositedLet x represent amount deposited at 3%
Let 2x represent the amount deposited at 4.5%
Hence:
.03x + .045(2x) = $1680
.12x = $1680
Divide both side by .12x
x=$1680/.12
x = $14,000 at 3%
So,
2x= $14,000
x=2×14,000
x=$28,000 at 4.5%
Therefore the amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
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with this type of loan, personal property is included with the real property in the sale. it's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums.
A package mortgage is a mortgage in which personal property or business assets are included with the real property in the sale.
Any asset that is not real estate falls under the category of personal property. The difference between personal property and real estate, or real property, is that the former is mobile; in other words, it isn't fixed in place permanently. Typically, it isn't taxed the same way as fixed property.
Some types of property, including clothing, automobiles, and household equipment, have a tendency to lose value over time. The value of other types, such artwork and antiques, may rise. Lenders may consider the total current value of a prospective borrower's personal property addition to their real property when determining their creditworthiness.
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Which factor might pose the greatest risk to a person applying for a credit card for the first time?
A. A short grace period
B. A low introductory credit limit for the first six months
C. A low introductory rate that will increase over time
D. A lack of fees
Of the following options, the factor that might pose the greatest risk to a person applying for a credit card for the first time is option (C): A low introductory rate that will increase over time. A credit card is a type of loan that allows you to borrow money when you make a purchase.
You must repay the amount you borrowed at a later date, as well as any interest charges incurred. Credit cards are offered by a variety of lenders, including banks, credit unions, and department stores.Credit card interest rates. The interest rate on a credit card is the amount you must pay to borrow money.
The credit card issuer usually sets the interest rate. Interest is calculated based on the amount of money you owe and is typically expressed as an annual percentage rate (APR).
APRs can be fixed or variableFixed APR: A fixed APR is one that remains constant over time.Variable APR: A variable APR can fluctuate over time. The rate you are charged is determined by adding a set amount (known as the "margin") to an index (such as the prime rate) that changes over time.
Credit card issuers may also offer introductory or promotional APRs, which are lower than the regular APR for a set period. Once the promotional period ends, the interest rate will rise to the regular APR. A low introductory rate is an initial, temporary interest rate that is charged on a credit card balance.
The promotional period is usually between 6 and 18 months, but it can last up to 24 months. The low introductory rate is usually much lower than the regular APR. After the promotional period ends, the interest rate on the outstanding balance reverts to the regular APR.
A low introductory rate can seem appealing, but it is important to read the terms and conditions to understand what happens when the promotional period ends. If the rate increases significantly, you may end up paying more in interest charges than you would have if you had selected a card with a higher regular APR from the start.
This factor is the reason why option (C): A low introductory rate that will increase over time might pose the greatest risk to a person applying for a credit card for the first time.
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amelia pays a lot of attention to her company's competitors, she watches for long-run opportunities and problems, and she devises strategies for how her company will respond. amelia is a(n)
Amelia is a Top Level Manager she pays a lot of attention to her company's competitors, she watches for long-run opportunities and problems, and she devises strategies for, her company will respond.
Answer is - Amelia is a Top Level Manager
top-level management are your executives which includes a CEO, CFO, President and vice chairman. those top-level managers are answerable for placing the overall path of a agency and making sure that predominant organizational objectives are carried out.
what's a top-level managers called?
As you will expect, top-level managers (or pinnacle managers) are the “bosses” of the agency. they have got titles consisting of leader government officer (CEO), leader operations officer (COO), leader advertising officer (CMO), leader technology officer (CTO), and leader economic officer (CFO).
What are the roles of top-level managers?
A top-level managers is answerable for creating and imposing organizational plans and policies and is a expert who is on the executive level. They work as a negotiator between the pinnacle-degree and decrease-stage managers. these experts can paintings to guide the general direction of an organization.
Is a CEO a top-level manager?
Chief executive Officer (CEO): as the top-level manager, the CEO is commonly chargeable for the employer's entire operations and reviews immediately to the chair and the board of directors.
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Josh sells t-shirts at an amusement park. When selling t-shirts, he often tells people that the shirts are the softest shirts ever created. If he did not truly believe that and it was a lie, would this be an example of misrepresentation?.
Josh works as a t-shirt vendor at a theme park. He frequently claims that the t-shirts he is selling are the softest shirts ever made. Would this be a case of misrepresentation if he didn't really think it and it was a lie? No, because it is an opinion-based lie.
Why is it called a theme park?The word "theme" from "theme park" is important in this context. A theme park is a predetermined, planned area whose architecture reflects a central subject or themes. These themes may be inspired by literature, other forms of storytelling, historical events, or even just distant parts of the world.
Are theme parks good for your health?The rush of adrenaline that comes from riding the dangerous coasters has other advantages as well. When we ride these rides, our bodies release endorphins and adrenaline, which gives us a similar natural high to what we experience from vigorous exercise and feeds our positive feelings. These are some benefits of theme parks.
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symone sold shares of naraghi corporation stock to aleena. the stock is listed on the nyse. this trade occurred in which one of the following?
Since the stock is listed on the New York Stock Exchange (NYSE), this trade occurred in secondary, auction market.
What is NYSE?NYSE is an abbreviation for New York Stock Exchange and it was founded on the 17th of May 1792 in the United States of America. Also, the NYSE arranges stock and bond trading in a secondary market for the largest and most established companies in the United States of America, in accordance to the guidelines of the Securities and Exchange Commission.
What is a secondary market?A secondary market can be defined as a type of market where various investors sell and buy securities (stocks) from other investors. Some examples of a secondary market around the world are:
New York Stock Exchange (NYSE)NASDAQLondon Stock Exchange (LSE).National Stock Exchange (NSE).In this context, we can reasonably infer and logically deduce that this trade occurred in secondary, auction market because the stock was listed on the New York Stock Exchange (NYSE).
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businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (llc), and limited liability partnership (llp)
In a constrained legal responsibility partnership/constrained legal responsibility company, the legal responsibility of owners/stockholders/companions is constrained.
Characteristics that observe are:Owners have constrained legal responsibility and proper to vote. Have company possession structure. Limited economic Liability.
Selena and Mario now no longer individually held for the firm’s debt = LLC/LLP.
CEO is needed to certify information = Corporation, CEO is needed to certify in case of enterprise.
Brandon misplaced residence because of a litigation claim = Partnership, legal responsibility of companions is unlimited.
What is company possession structure?An possession structure issues the inner business enterprise of a enterprise entity and the rights and obligations of the man or woman keeping the equitable or felony hobby in that enterprise. For instance, a shareholder who's additionally the proprietor of a enterprise has positive rights.
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americans pay federal, state, and local governments nearly percent of every dollar they earn in taxes.
nearly 41.1 percent of every dollar they earn in taxes.
the required details about taxes is given in below link
In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).
sources of US tax revenue.
The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.
This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.
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preparing and distributing employee handbooks and company publications dealing with and responding to communications from employees’ questions negotiating union contracts and maintaining communication with union representatives
Maintaining positive employee relations is preparing and distributing employee handbooks and company publications, while also dealing with and responding to communications from employees questions.
Maintaining a positive employee relations increases good feelings, improve work satisfaction, and increases the morale. The positive employee relations is regarded to be a human resources principle, which is normally discussed within a framework of maintaining an engaged and productive workforce.
While maintaining a positive employee relations is by preparing and distributing employee handbooks. So an organization's employee handbook provides employees with a clear understanding of their responsibilities.
Hence, an HR function includes maintaining positive employee relations.
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If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audio books, the income elasticity of demand is.
If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audiobooks, the income elasticity of demand is 0.67. Therefore, the option B holds true.
What is the significance of price elasticity of demand?Price elasticity of demand can be referred to or considered as the change in the quantity demanded of a product due to a given change in its price or income of the consumer.
Using the given information and formula,
Price Elasticity of Demand = Change in demand / Change in income
Price Elasticity of Demand = 0.04 / 0.06
Price Elasticity of Demand = 0.67
Therefore, the option B holds true and states regarding the significance of price elasticity of demand.
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If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audiobooks, the income elasticity of demand is.
A. 0.24
B. 0.67
C. 0.02
D. 0.10
price is the amount paid for a parcel of real estate in an actual transaction. select one: a. true b. false
The given statement of real estate is true.
Real Estate
Real estate is property that includes land and buildings, as well as natural resources such as crops, minerals, or water; immovable property of this type; an interest in this (also) an item of real property, (more broadly) buildings, or dwellings in general. In law, real refers to land property and is distinct from personal property, whereas estate refers to a person's "interest" in that land property. Personal property, which is not permanently tied to the land, such as vehicles, boats, jewels, furniture, tools, and farm rolling stock, differs from real estate.
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an analyst with a leading investment bank tracks the stock of mandalays inc. according to her estimations, the value of mandalays inc.’s stock should be $8.79 per share, but mandalays inc.’s stock is trading at $1.59 per share on the new york stock exchange (nyse). considering the analyst’s expectations, the stock is currently:
Considering the analyst’s expectations, the stock is currently undervalued.
What is an undervalued stock?A stock is used by public companies to raise capital. Stocks gives its holders ownership rights in the public company. Stockholders are referred to as the owners of the firm. Stockholders are paid dividends.
When the market vale of stock is less than the intrinsic value, the stock is said to be undervalued. When a stock is undervalued, it is expected that the value of the stock would appreciate with the passage of time.
Stocks are overvalued when its market value is greater than the intrinsic value. When a stock is overvalued, it is expected that the stock would depreciate with the passage of time . Investors prefer to hold undervalued stocks than overvalued stocks.
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if the insured must rent a car because his was stolen, what is the maximum dollar amount of coverage available under the commercial auto policy?
If the insured must rent a car because his was stolen,the maximum amount of protection permitted by the commercial auto policy in terms of money is $600
Insurance
This policy also provides coverage for loss or damage to the insured vehicle and its accessories as a result of: Lightning, a fire, an explosion, or self-ignition. stealing, housebreaking, or burglary. strike and riot.
If your stolen car is not recovered, the insurance provider will make a payment equal to its current market value, or Insured Declared Value, or IDV. Only individuals with personal damage or comprehensive auto insurance are eligible for coverage in this circumstance.
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