An informal credit arrangement with a customer for payment within 30 to 60 days after the sale is classified as a(n) c. account receivable
In the field of business, an account receivable can be described as the money that a customer has to pay to a company or brand from which he had made a purchase but hasn't paid for the product.
Normally, a time frame of 30-60 days is given by the brand for payment during which it is necessary to clear the required payment.
Usually, an account receivable situation arises when you purchase a product online, the product gets delivered to you and you are yet to pay for it.
Although a part of your question is missing, you might be referring to this question:
an informal credit arrangement with a customer for payment within 30 to 60 days after the sale is classified as a(n)
a. note payable
b. nontrade receivable
c. account receivable
d. prepaid receivable
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which of the following statements is true of selection criteria for projects? multiple choice question. they are typically identified as nonfinancial and not financial. they are typically only identified as financial. they are typically identified as financial and nonfinancial. they are typically identified as financial and not nonfinancial.
Selection criteria for projects, are typically identified as financial and non-financial.
Costs, deadlines, public opinion, evident needs, and varying levels of quality are typical examples of decision-making criteria.
Accurate and Unambiguous, which means that there is a precise and clear connection between the requirements and the actual effects. Comprehensive but succinct, that is, they cover the full range of pertinent consequences without adding unnecessary detail to the evaluation framework, which is still organized and manageable criteria .
Financial is a noun that refers to or involves money. The business is having financial issues. Budgeting, business, and economics are synonyms. More financial equivalents. Finance is the study and practice of money, money-related instruments, and capital assets. The study of the creation, transfer, and consumption of money, assets, goods, and services is known as economics. However, the two are not the same thing.
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Which journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August?
A. Inventory Cr 1,000
B. Inventory Dr 1,000
C. Cash Dr 1,000
D. Cash Cr 1,000
Journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August Inventory Dr 1,000. Option B
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances. The entry in the journal may include multiple recordings, each of which may be either a debit or a credit depending on the circumstance.
Each entry in the journal provides information that is pertinent to a single transaction made by a company.
This information includes the date, the amount that will be credited and debited, a short description of the transaction, and the accounts that will be impacted.
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linda is estimating her annual income. she expects that her commission will be 2.5%, and she plans to close at least seven transactions in the year. what else does she need to complete her estimate?
Average home sale price in the neighborhood where she will work
What is needed to obtain a loan estimate?your Social Security number (so the lender may obtain a copy of your credit report), the address of the property, an estimation of the property's value, and. the preferred loan sum. Each lender has three business days to send you a Loan Estimate after receiving your six essential pieces of information. If the lender uses postal mail, allow a few extra days for delivery. Call the lender and find out why if you haven't gotten a loan estimate within that time limit. The lender has not yet accepted or rejected your loan application when you receive a Loan Estimate. The Loan Estimate outlines the loan terms the lender anticipates providing if you decide to proceed.
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discuss the advantages and disadvantages of different ways of distributing project performance information.
Based on the project performance information strategy, the pros and cons of the different ways of distributing project performance information include timely delivery and cost-intensive respectively.
What is project performance information?Project performance information is a term that is used to describe how two or more individuals or entities such as firms create a free flow of communication among stakeholders
Different ways of distributing project performance information include the following:Face-to-Face Communication: is fast and suitable for both individual and group messaging. However, it is costly.Digital Communications: it is considered faster and easier to use. However, there is a risk of data loss.Hard-Copy Communications: it is suitable for creating permanent information. However, it is liable for damage and loss.Conferencing: This is suitable for connecting to various entities at a time. However, it is difficult to get everyone on board at a given time.Hence, in this case, it is concluded that the correct answer is each way of distributing project performance information has its advantages and disadvantages.
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john told all the new hires that they could learn about the health benefits associated with their job title by accessing the company website and looking under the "benefits" tab. which aspect of a high-performance work system is john providing?
Information systems are the high-performance work system that john is providing.
What are Information systems?An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems are essential for businesses and other organizations to run and manage operations, communicate with clients and suppliers, and engage in market competition. Electronic markets and inter-organizational supply networks are managed by information systems. For instance, businesses utilize information systems to process their financial accounts, administer their human resources, and advertise online to potential clients. Information systems are at the core of many large corporations. These include eBay, which is primarily an auction site.Amazon, a growing online store that offers cloud computing services, and Alibaba, an online marketplace for doing business with other businesses.To learn more about Information systems refer to:
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in which market structure do the actions of a rival have a significant impact on your operations? oligopoly monopoly perfect competition monopolistic competition
In monopolistic competition the market structure do the actions of a rival have a significant impact on your operations.
What is monopolistic competition and in which market structure do the actions of a rival have a significant impact on operations?Monopolistic competition is the competition in the market in which numerous producers compete against each other .The competing producers compete against each other but the selling fraternity are differentiated from each other.Here the question is asked of the market structure doing the actions of a rival having significant impact on your operations.Monopolistic competition is a competition in the industry of market and business that is covered all over by competing companies.Hence the market structure doing the actions of a rival having significant impact on operations is monopolistic competition.To know more about market visit:
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assume that simple company had credit sales of $245,000 and cost of goods sold of $145,000 for the period. simple uses the aging method and estimates that the appropriate ending balance in the allowance for doubtful accounts is $2,500. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $200. required: what amount of bad debt expense would the company record as an end-of-period adjustment?
The corporation would record the $2,300 bad debt expense as an end-of-period adjustment.
What are bad debt costs?
A bad debt expense is recognized when a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial troubles. Credit-granting businesses include bad debts in their allowance for doubtful accounts, also known as a provision for credit losses, on their balance sheet.
Bad debt costs are typically listed on the income statement as sales and general administrative expenditures. When bad debts are recognized, accounts receivable on the balance sheet are decreased, but businesses still have the opportunity to collect money if the circumstance changes.
Calculation:
According to the scenario, computation for the given data is as follows:
Ending balance in Allowance for doubtful accounts = $2,500
Credit balance in Allowance for doubtful accounts = $200
Bad debt expense then equals the final total - Credit standing
= $2,500 - $200
= $2,300
So, the Journal entry is as follows:
Bad debt Expense A/c Dr. $2,300
To Allowance for doubtful A/c $2,300
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assume rick and veronica own adjacent homes. the two properties share a driveway which is located on veronica's property. rick has a legal right to use the shared driveway. the shared driveway can best be described as
The shared driveway can best be described as an easement.
An easement is a real estate term that describes a situation in which one party utilizes another party's property in exchange for payment to the owner of the land. Public utility corporations frequently purchase easements to obtain the right to build power lines or install pipes around private land. Although fees are given to the property owner, easements can have a detrimental impact on property values because, for instance, obtrusive electricity lines might detract from a piece of land's aesthetic attractiveness.
A typical easement agreement defines a method of payment by the petitioner to the owner for the right to use the subject of the easement for a particular purpose. It is used to represent a high-level contract between the owner of a property and another party.
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on march 31, 2024, a company sells $1,200 of gift cards to customers. the gift cards expire one year from the date of sale. what entry should the company record on march 31, 2024?
Debit Cash, $1,200; credit Deferred Revenue, $1,200 this entry should be the company record on march 31, 2024.
A company is a felony entity fashioned by way of a collection of individuals to engage in and perform an enterprise—industrial or industrial—business enterprise. A corporation may be organized in various approaches for tax and economic legal responsibility functions relying on the corporate regulation of its jurisdiction.
Top corporations have leaders who might be decisive in relation to steering the corporation's path. They understand how to construct sturdy relationships and offer open communique with their employees. They motivate their group and maintain everybody to excessive standards of duty and responsibility.
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brice co. purchases land in order to drill oil. this oil field would be classified as a(n) on the balance sheet.
Brice co. purchases land in order to drill oil. this oil field would be classified as a natural resource. on the balance sheet. An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement.
One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date. A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement.
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true or false? in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer
This statement is False, in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer.
The goal of need satisfaction selling is to satisfy the customer. The salesperson investigates the needs of the customer, both their spoken or stated wants and their unspoken or implicit needs, and then plans his sales pitch or presentation accordingly.
This method also goes by the name of need fulfillment. For instance, providers of set-top boxes like Tata Sky, Sun Direct, and others practice need satisfaction selling. To accommodate the needs of various consumer types, they provide several packages. They also provide unique bundles that let the customer select the channels they want based on their interests and then receive that specific package. Here is where need fulfillment selling is relevant.
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what is the present value of $12,750 to be received 2 years from today if the discount rate is 6 percent?
$11,347.45 is the present value of the investment if the discount rate is 6 percent.
What is investment?Financial commitments made to acquire assets in the expectation that their value will increase over time are known as investments. Loss of a current resource, such as time, money, or effort, is necessary for investment. Foreign exchange risk also applies to savings accounts held in foreign currencies. If the currency of the savings account is different from the account holder's home currency, there is a chance that the exchange rate will change unfavorably and cause the value of the savings account to decline when expressed in the account holder's home currency. Risk exists even when investing in physical assets like real estate. Investments typically involve more risk than savings do, both in terms of the range of potential risk factors and the degree of uncertainty involved.
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true or false? having more billing owners makes it easier for a company to manage its technology stack or platform.
A tech stack is the combination of applied sciences a company uses to construct and run an software or project.
Sometimes known as a “solutions stack,” a tech stack commonly consists of programming languages, frameworks, a database, front-end tools, back-end tools, and applications related by APIs.
What is an example of a tech stack?To put it simply, a tech stack is a mixture of software, programming languages, frameworks, and facts storage technologies with which developers can construct and run a single application. , for example, uses a combination of frameworks and languages consisting of JavaScript, HTML, CSS, PHP, and ReactJS
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https://brainly.com/question/13152669#SPJ4company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called .
Company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called strategic goals.
Strategic goals are the particular financial and non-financial objectives and achievements that a firm intends to attain over a certain time period, often the next three to five years.
As an example, if you want to enter new markets, you might establish a target of entering X, Y, and Z markets by a given date. You might even establish a target of having 15 regional markets by a certain date.
Customer insights, a SWOT analysis, your corporate values, your organization's competitive advantages, specific targets on a quarterly or yearly timeframe, and a high-level project roadmap, if you have one, should all be included in your strategic plan.
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what are immunization coalitions? individuals within an accountable care organization (aco) who oversee immunization services organizations that were formed to manage emergency preparedness vaccination activities committees that develop vaccination recommendations for the advisory committee on immunization practices (acip) to consider groups that foster collaboration among stakeholders within a community as a means to increase immunization rates
Organizations that were formed to manage emergency preparedness vaccination activities are the Immunization coalitions.
In order to safeguard portfolio values from changes in interest rates, immunization is a risk-mitigation method that aligns the duration of assets and liabilities.Cash flow matching, duration matching, convexity matching, and trading bond futures, options, and forwards can all be used to immunize an investor.The drawback of portfolio immunization is giving up the opportunity cost if the value of the assets rises while the value of the liabilities does not.Large businesses and institutions benefit from immunization to shield their portfolios from vulnerability to changes in interest rates. A flawless immunization plan allows businesses to almost ensure that changes in interest rates will have little to no effect on the value of their portfolios.Learn more about Business, here
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a fixed asset should be removed from the accounts except a.when it is sold. b.when it is discarded. c.when it is fully depreciated. d.when it is given away.
A. when it has depreciated completely.
When a fixed asset is given away, it should be taken out of the accounts.
When is it appropriate to dispose of a fixed asset?There are a number of possible causes for the asset disposal: The entire depreciation of an asset necessitates its disposal. When an asset is no longer needed or useful, it is sold. Unforeseen circumstances necessitate the removal of an asset from the financial records.
What happens when you sell a decent resource?There are a few things that must happen when selling a plant asset or fixed asset: Up until the date of sale, the fixed asset's depreciation expense must be recorded. Both the updated accumulated depreciation and the cost of the fixed asset need to be eliminated. It is necessary to record the received cash.
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indicate which of teh following statement is true or false and why, a wage rising slowee than the rate of inflation is actually falling
The following statement- a wage rising slower than the rate of inflation is actually falling is True.
A wage is a payment given to the employee for doing the assigned task in the company for a specific period of time. Wages are fixed on an hourly basis. The increase in the prices of services and goods in an economy is called inflation. Inflation gives the rate of increase of prices over a specific period of time. When wage growth rises, inflation also rises. When wage growth falls, inflation also falls.
Wage growth plays a key role in inflation. When companies pay their employees more wages, then the cost of goods and services rises causing inflation. The purchasing power of goods and services falls down when wages are rising slower than the rate of inflation. Hence, we can say that A wage rising slower than the rate of inflation is actually falling.
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a lessor, ace corp. enters into an equipment lease with a lessee, spades inc. the terms of the lease require annual lease payments of $48,000 over a 10-year period, with the first payment due immediately upon the commencement of the lease on january 1. there is no estimated residual value. the implicit rate of the lease is 5%. what amount would the lessor report in its income statement (ignoring taxes) for the year ended december 31?
The lease's implicit interest rate is 5%. The lessor would record $2160 in income (before taxes) in its income statement for the fiscal year ended December 31.
The interest rate is the amount charged by a lender to a borrower and is expressed as a percentage of the principal—the amount borrowed. The interest rate on a loan is typically expressed as an annual percentage rate. An interest rate can also be applied to the amount earned by a savings account or certificate of deposit at a bank or credit union. The interest earned on these deposit accounts is expressed as an annual percentage yield (APY).
The interest rate is the amount charged by a lender to a borrower in addition to the principal for the use of assets. An interest rate also applies to the amount earned on a deposit account at a bank or credit union.
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Which one of the following is NOT an effective approach to cost-cutting that will aid company efforts to achieve a competitive advantage based on lower overall costs per pair sold than rival companies?
Pursuing actions in each production facility that result in low labour costs per unit produced ideally the company's labour costs per pair produced in those geographic regions where it has production facilities should be at or very close to the industry-low in the benchmarks on p. 6 of the FIR.
What are labour costs?Labour costs represent the total expenditure incurred by employers for the employment of employees. They represent the cost of the salaries labour force, which is why they are sometimes referred to as salary costs.
Labour costs in addition to gross wages, include the social contributions payable by the employer social security, unemployment, pension, provident scheme, severance pay whether compulsory, conventional or optional, but net of exemptions, in particular reductions in social security contributions.
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the creation of a home market is not only necessary to procure for our agriculture a just reward of its labors, but it is indispensable to obtain a supply of our necessary wants. . . . suppose no actual abandonment of farming, but, what is most likely, a gradual and imperceptible employment of population in the business of manufacturing, instead of being compelled to resort to agriculture. . . . is any part of our common country likely to be injured by a transfer of the theatre of [manufacturing] for our own consumption from europe to america?
The United States should increase the domestic manufacturing to promote prosperity.
What is manufacturing?Manufacturing is the creation or manufacturing of items with the aid of resources such as machinery, labor, tools, and chemical or biological processing or formulation. It is the very foundation of the economy's secondary sector. The phrase can be used to characterize a range of human undertakings, from handicraft to high-tech, but it is most usually used in relation to industrial design, which entails the extensive transition of raw materials from the primary industry into finished goods. Such products may be delivered via the tertiary industry to end users and consumers, sold to other manufacturers for the creation of other, more sophisticated products (such as aircraft, home appliances, furniture, and sports equipment), or both (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
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the price level starts at 1.00 and rises by the end of the year to 1.15. 1. what has happened to the value of the dollar over that same period of time? (calculation is required) 2. what are the consequences of that price level change? 3. will an increase or decrease in the money supply reduce the price level to the tolerable range?
The value of the dollar will fluctuate due to changes in price levels, which will also affect average interest rates by lowering reserves.
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a goods, service, or security in the market.
A daily price index, often the Daily CPI, is used to estimate the general price level. During a hyperinflation, the overall price level may fluctuate more than once every day.
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Select all that apply.
Which of the items listed below are public services commonly found in societies?
public water supply
law enforcement
Ogrocery store
Opublic schoolsl
Answer:
A and D
Explanation:
ronald corporation purchases inventory with terms fob destination. the shipping costs are $300. the shipping costs are:
Ronald corporation purchases inventory with terms of fob destination. the shipping costs are $300. the shipping costs are A) paid by the supplier.
Inventory is the raw substances used to supply items as well as the goods that are available on the market. Its miles are classified as a modern asset on an employer's balance sheet. The three types of inventory include uncooked materials, paintings in development, and completed goods.
Magazine access for the stock is a document on your accounting ledger that facilitates you tuning your inventory transactions. Depending on the kind of stock and what sort of your enterprise carries, there are extraordinary forms of magazine entries that could help you organize your financial fees and profits.
The whole value of a business enterprise's inventory seems under property on the balance sheet. Inventory is taken into consideration as a current asset due to the fact businesses generally use it, convert it to coins and replenish it in several instances within an everyday working cycle (typically less than twelve months).
Disclaimer: The Question is incomplete. Please read below to find the missing content.
Question: Ronald Corporation purchases inventory with terms FOB destination. The shipping costs are $300. The shipping costs are
Multiple choice questions.
A) paid by the supplier.
B) Deducted from Ronald's inventory.
C) treated as a selling expense.
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fiscal policy refers to part 2 a. changes in the interest rate. b. changes in the money supply. c. changes in the amount of physical capital in the economy. d. discretionary changes in government spending and taxes.
Fiscal policy refers to the deliberate changes in government spending and taxes to stabilize domestic output, employment, and the price level.
What is Fiscal policy?
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The government may reduce tax rates or boost spending during a recession to boost demand and the economy. On the other hand, it can increase rates or reduce spending to slow down the economy in order to combat inflation.
Monetary policy, which is implemented by central bankers rather than elected government officials, is sometimes contrasted with fiscal policy.
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the pbo was $100 million at the beginning of the year and $106 million at the end of the year. service cost for the year was $12 million. at the end of year, pension benefits paid by the trustee were $8 million. the actuary's discount rate was 5%. at the end of the year, the actuary revised the estimate of the percentage rate of increase in the compensation levels in upcoming years. what was the amount of the gain or loss in the estimate change caused? (enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
The gain in the estimated change is $3 million
Employees who participate in defined benefit plans will get a fixed, predetermined benefit upon retirement. The fixed benefit offered by this kind of plan is frequently valued by employees. Businesses can typically contribute (and thus deduct) more annually than in defined contribution plans on the employer side. However, compared to other types of plans, defined benefit plans are frequently more complicated and therefore more expensive to establish and maintain.
All amounts are in millions:
Beginning plan benefit obligation = 100
Service cost = 12
Interest cost (100*5%) = 5
Total = 117
Less: benefits paid = -8
Total = 109
Less: Ending Plan Benefit Obligation = 106
The gain in the estimate change = 3
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n auditing accrued liabilities, an auditor's procedures most likely would focus primarily on management's assertion of:
In auditing accrued liabilities; an auditor's procedures most likely would focus primarily on management's assertion of Completeness.
Accrued liabilities are most effective mentioned below accrual accounting to symbolize the overall performance of a organization no matter their coins position. They appear at the stability sheet below present-day liabilities. Management assertions are claims made with the aid of using contributors of control concerning positive factors of a business. The idea is normally utilized in regard to the audit of an organization's monetary statements, in which the auditors depend upon plenty of assertions concerning the business.
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storico company just paid a dividend of $3.65 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the stock price is $67.25, what required return must investors be demanding on the company's stock? (hint: set up the valuation formula with all the relevant cash flows, and use trial and error to find the unknown rate of return.) (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The required return must investors be demanding on the company's stock is 71.03
D0 = 3.65
D1 = 3.65( 1+ 0.20) = 4.38
D2 = 4.38( 1+ 0.15) = 5.037
D3 = 5.037( 1+ 0.10) = 5.5407
Value of Stock = D/(1+r) +D2 / (1+r)²+ D3/(1+r)³ D3(1+G)/ r-G + (1+r)3
where r = 0.12
G = 0.05
= 4.38 (1 +0.12) 5.037 + (1 +0.12) 5.5407 + (1 + 0.12) + 5.5407(1+0.05) 0.12-0.05 (1 + 0.12) 3
= 71.03
The shares that make up a corporation or company's ownership are known as stock in the financial world. In proportion to the total number of shares, one share of stock represents fractional ownership in the company.The ownership certificates of any company are referred to as "stocks" in general.
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as the aggregate price level in an economy decreases, group of answer choices imports decrease. interest rates decrease. consumer demand decreases. investment decreases.
As the aggregate price level in an economy decreases, the imports decrease. Aggregate price is the overall cost associated with producing a good, offering a service, or carrying out a project.
Because it includes all costs connected with a project's or production's overall cost, aggregate price is also sometimes referred to as "total cost." When calculating total cost, many different aspects of performing a project, creating a product, or providing a service are considered. These elements include fixed costs, which stay the same throughout the course of the project, as well as variable costs, which can change depending on the specifications needed to produce a good or provide a service.
A region where products and services are produced, traded, and consumed is called an economy. A system of interconnected production and consuming activities, called an economy, ultimately determines how resources are distributed within a population.
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on july 1 of the current calendar year, plum company paid $8,200 cash for management services to be performed over a two-year period beginning july 1. the adjusting entry on december 31 of the current year for plum would include:
A debit to an expense and a credit to a prepaid expense for $2,050.
8200 × 6/24 = $2050.
Debit method access is recorded for a fee made or owed. A debit entry is generally made on the left side of a ledger account. So, when a transaction takes place in a double-entry machine, one account is debited whilst some other account is credited.
'Debit' is a formal bookkeeping and accounting time period that comes from the Latin word debate, which means "to owe". The debit falls at the fine aspect of a balance sheet account, and on the negative side of an end result in the object.
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To calculate the after-tax cost of debt, multiply the before-tax cost of debt by.
To calculate the after-tax cost of debt, multiply the before-tax cost of debt by 1 minus the tax rate.
Cost of debt refers to those effective interest rates that a firm pays on its debts, such as loans and bonds. The cost of debt can be described as the before-tax cost of debt, which is the firm's cost of debt before receiving taxes into account, or the after-tax cost of debt. The core difference between the cost of debt after and before taxes prevails in the fact that interest expenses are tax-deductible. Cost of debt calculations requires finding the average interest paid on all of the firm's debt.
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