Under Code Section 482, Internal Revenue Service (IRS) has the power to audit international transfer prices. Hence, option A i.e. 'authority to audit international transfer prices' is the correct answer.
Section 482 of the Code authorizes the Internal Revenue Service to adjust the international transfer prices by reallocating items/ products of gross incom, deductions, credits, or allowances in order to prevent evasion of taxes or to properly reflect income between the entities properly.
However, other statements given in other options are incorrect because Code Section 482 of IRS does not give:
'power to eliminate intercompany transactions' 'authority to impose tariffs on foreign imports' 'power to determine the transfer price for a foreign tax authority'You can leanr more about Internal Revenue Service (IRS) at
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walton associates obtained an approved contract in writing. the contract specified that walton would deliver consulting services, and services would begin in one month. payment would also begin in one month. the contract describes the services walton will perform, and also specifies payment terms. either the customer or walton can cancel the contract prior to the start service, without penalty. for purposes of revenue recognition, does walton have a contract on the day the contract is received?
An agreement with client will be inside the extent of IFRS 15 in the event that every one of the accompanying circumstances are met:
the agreement hosts been supported by the gatherings to the agreement.each party's freedoms according to the labour and products to be moved can be recognized.the instalment terms for the labour and products to be moved can be distinguished.the agreement has business substance.it is plausible that thought to which the substance is qualified for in return for the labour and products will be gathered.How would you convey a counselling administration?
Instructions to Bundle Counselling Administrations:
Frame all of your counselling administrations.Assess your crowd and the market.Decide the counselling administration to bundle.Map out your cycle.Assess your expenses and time.Decide valuing for your counselling bundle.Compose your deals duplicate.Plan your bundle presentation page.What are counselling expectations?
A deliverable is the eventual outcome of a counseling stage or undertaking. It comes in many structures: succeed model, showcasing plan, ace offices plan, studio, client exploration, or show
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Fairmont company has shipped goods to willowbook recreation fob shipping point. Fairmont will recognize sales revenue when?.
Fairmont company has shipped goods to willow book recreation fob shipping point. Fairmont will recognize sales revenue when the goods leave Fairmont's shipping dock.
In short, revenue recognition aims to determine when a company has truly made money. Revenue is typically recorded whenever the performance obligations are deemed satisfied, and the organization can easily quantify the financial amount.
The commitment to offer a consumer a "unique" good or service is known as a performance obligation. Although it can appear straightforward at first, whether or not a performance obligation is regarded met depends on a number of different things.
Sales revenue is recognized when the goods leave the place of the seller and is on the way to reacch the buyer. Hence, here it will be recognized when the goods leave the shipping dock of Fairmount.
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would the u.s. economy be better off without government intervention in agriculture? who would benefit? who would lose?
The agriculture sector is complicated since it consists of privatised farms that follow rules and procedures that virtually qualify them as public goods. The question of whether the government ought to get more involved in the agriculture sector is still up for discussion.
Except for just ensuring that farms are employing safe procedures to cultivate their food, the United States would be better off without any government involvement in agriculture. In other words, the government would keep an eye out to make sure farmers weren't using banned items, pesticides, or grazing animals that would transmit illness. However, when the government intervenes in any sector of the private sector, sets pricing, or acquires a share in any property or resource that has been privatized, it greatly dilutes its influence, and the overall effectiveness and quality of the end result typically suffer.
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which of the following is true of a market maker? market makers help companies to negotiate mergers and acquisitions. market makers purchase a company's securities before an ipo and then resell them at a premium. market makers rate the creditworthiness of the issuer. market makers assist with market liquidity by facilitating the exchange of securities.
The following statement is true: Market makers assist with market liquidity by facilitating the exchange of securities.
A market maker is an individual or entity doing both selling and buying of securities in the secondary market in order to make profits. Therefore, this creates an exchange of securities and liquidity in the market. The first option is false since it has no connection with mergers and acquisitions. The second option is false because the purchasing before Initial Public Offering (IPO) is not possible. The third option is false because it doesn’t rate creditworthiness.
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If the democrats maintain control of the house, what will the consequences be for the issue of the economy?.
Democrats pursue an economic agenda that aids in the creation of well-paying jobs for Americans and guarantees that workers have the resources necessary to not just make ends meet but also advance in the global economy.
Democrats and Republicans agreed that the United States should continue to be the world's primary supplier of agricultural products. They supported maintaining the country's agricultural-based economy.
The Democratic Party, whose emblem is a donkey, is typically associated with left-leaning, liberal, and progressive ideological ideas. As a result, it supports strong government regulation of business and support for American citizens. Thus, Democrats emphasize social responsibility as one of their core ideals.
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what explanation best characterizes post-scarcity economics? a. technological advancements such as robotics measn that people are free to prusue their hobbies. b. increasing wealth has satisfied material needs, so aesthetic needs become more prominent. c. humans have perfected the fundamental mechanism of the economy so that only individual drive determines one's success. d. a surplus of wealth leads to a willingness to a more equitable distribution of that wealth.
The explanation that best characterizes post-scarcity economics is option A. technological advancements such as robotics means that people are free to pursue their hobbies.
The increasing automation of physical labour by robots in the more immediate future is frequently proposed as a way to create a post-scarcity economy. Given the right instructions, the required raw materials, and the appropriate energy, these shapes open the door to the possibility of systems that can mechanically make any specified commodities. Thus, option A proves to be the right choice.
In a hypothetical post-scarcity economy, the majority of commodities can be produced in vast quantity with little human effort required, making them widely accessible to everyone for very low prices or even for free.
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a sausage company makes two different kinds of hot dogs, regular and all-beef. each pound of all-beef hot dogs requires 0.75 lb of beef and 0.2 lb of spices, and each pound of regular hot dogs requires 0.18 lb of beef, 0.3 lb of pork, and 0.2 lb of spices. suppliers can deliver at most 1020 lb of beef, at most 600 lb of pork, and at least 500 lb of spices. if the profit is $1.85 on each pound of all-beef hot dogs and $1.00 on each pound of regular hot dogs, how many pounds of each should be produced to obtain maximum profit? regular hot dogs incorrect: your answer is incorrect. lb all-beef hot dogs incorrect: your answer is incorrect. lb what is the maximum profit?
$3320 is the maximum profit. 880 lbs of all-beef hot dogs and 2000 lbs of regular hot dogs pounds of each should be produced to obtain maximum profit.
Let x and y stand in for the weights of the regular and all-beef hot dogs produced, respectively. The task restrictions are :
0.75x + 0.18y ≤ 1020 is the limit on beef supply.
0.30y ≤ 600 is the limit on pork supply.
0.2x + .2y ≥ 500 is the limit on spice supply.
Additionally, the goal is to increase p = 1.50x + 1.00y. The profit is maximized at the point (x, y) = in the graph, which depicts the constraints (880, 2000).
Hot dogs should be made in quantities of 2000 pounds of regular and 880 pounds of all beef. The maximum profit that may be earned is $3320.
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a loan is repaid by end-of-year level payments at an annual effective interest rate of 5%. the amount of principal repaid in the first payment is 100. given that the term of the loan is 10 years. (i) what is the principal repaid in the 10th payment? ans
The method for calculating loan interest payments is as follows: Divide the annual payment amount, usually 12 months, by the interest rate you are being charged.
Take that number and divide it by the initial balance of your loan, which ought to begin at the total amount that you borrowed.
How is the loan's interest payment calculated?Divide the number of payments you will make in that year by your interest rate.Divide 0.06 by 12 to get 0.005, which you would get if you made monthly payments and had an interest rate of 6%.To determine the amount of interest you will pay in that month, multiply that number by the balance on your remaining loan.
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ironman inc. sponsors a triathlon race and advertises a prize of $50,000 to the winner. bruce enters the competition and wins, but ironman inc. only pays him $10,000. did ironman breach a valid contract with bruce?
yes, ironman breach a valid contract with bruce by paying bruce $10000 instead of $50000. The actual deal is to pay $50000 to the winner of the triathlon race competition.
A triathlon is an endurance multisport competition that combines running, cycling, and swimming over a variety of distances. Triathletes race each segment sequentially, with the time passing between the included disciplines, competing for the quickest overall completion time. The sport was created in Southern California by sports clubs and individuals in the late 1970s. Because of its history, the sport has undergone and continues to undergo change.
The mutual rights and obligations of the parties to a contract are established, clarified, and governed by law. A contract usually entails the transfer of products, services, cash, or a promise to transfer any of those things at a later time.
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giorgio had cost of goods sold of $9,433 million, ending inventory of $2,101 million, and average inventory of $1,977 million. its inventory turnover equals:
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,433/$1,977 = 4.77 times
Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period. The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.
Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio. It is one of the efficiency ratios used to gauge how well a business uses its resources.
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manufacturers start work on their new lines anywhere between 3 to 12 months before presentation to retail buyers. group of answer choices
It is true that manufacturers begin developing their extra lines anywhere from three to twelve months before they show them to retail customers.
What do you mean by retail business?Customers of retail enterprises purchased merchandise for their own use, enjoyment, or consumption. However, some products may indeed be sold via the internet or by telephone and then sent to the consumer. They typically sell goods and services in-person.
What does the retail do?Retail sales are typically small-scale and are made directly to end (the consumer) for private use. Most retailers don't make their own products. Retailers purchase items in bulk from exporters and sell the products individually.
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what are the names of manufacturers of heels with a list price of $50 or more? only show manufacturer names.
The names of many manufacturers of heels with a list price of $50 or more. Here are some of the names of the manufacturers include:
Jimmy ChooPradaChristian LouboutinAlexander McQueenGucciValentino.Louis VuittonMiu MiuThese are some of the most expensive heels brands of all time. Even though effortlessly these are the honored in heels, predictably many of the brands are from the supreme luxury manufacturers in the world, this list can be random given that each year, there is a fashion house that will release a pricey pair of heels that tries to outdo the other fashion houses in expensive heels.
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if the marginal cost curve for a firm first declines and then rises, it follows that the marginal product of the variable input group of answer choices is constant. first declines and then rises. first rises and then declines. continually declines. none of the above
The marginal utility of the variable input first increases and then decreases if the margin cost curve for a company first declines and afterwards rises.
What does "marginal cost" mean?The increase in manufacturing expenses brought on by the development of extra product units is referred to as a "marginal cost." That is often referred to as the actual cost of production. By determining the marginal cost, businesses may assess how volume generated influences cost and ultimately earnings.
What advantage does marginal cost provide?The most a consumer will spend on a single additional commodity or service is called the marginal benefit. The marginal benefit typically declines with consumption. The difference in cost for producing one extra good or additional unit of service is known as the marginal cost of production.
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the supply of a good will be more elastic, the a. more the good is considered a luxury. b. broader is the definition of the market for the good. c. larger the number of close substitutes for the good. d. longer the time period being considered.
The correct answer is Option D.
The longer the time period under consideration, the more elastic the supply of a good will be.
What is supply of goods ?The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of tangible things because of an auctioneer or dealer acting under his and her own name but following another person's instructions. delivery of items under a hire-purchase agreement.In general, supply refers to the complete amount of goods and services that such a producer is ready to provide at a specific price and location.Even as a profession, selling products or services counts as a supply under the GST. Therefore, the sale would represent supply even if a well-known politician created paintings for charities and sold them, even once.To learn more about supply of goods refer to :
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the general services administration (gsa) is a central management agency of the u.s. federal government that:
The general services administration (GSA) is a central management agency of the U.S. federal government that aids in overseeing and supporting the fundamental operations of federal agencies.
The General Services Administration (GSA) is an independent department of the US government that was created in 1949 to support and oversee the fundamental operations of federal agencies. GSA sets government-wide cost-minimizing policies, provides transit and office space for federal employees, supplies goods and telecommunications for U.S. government offices and performs other management duties.
The GSA manages the International Trade Center in Washington, D.C. The Federal Acquisition Service and the Public Buildings Service are among GSA's business units. The Procurement G6 is an informal body that oversees the use of framework agreements and e-procurement tools in public procurement, and the GSA is its member.
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if natural monopolists were required to charge a price equal to marginal cost they would selected answer: incorrecta. maximize profits answers: a. maximize profits b. minimize costs correctc. lose money d. all of the above e. none of the above
The apt response is choice (B). Natural monopolists would increase earnings if they were forced to charge a price that was equal to their marginal costs.
What takes place in a monopoly when the price and the marginal cost are equal?Price and marginal cost are identical in a market with perfect competition, and businesses make no economic profit. In a monopoly, the price is set above the marginal cost, and the company makes a profit. In an equilibrium when perfect competition prevails, a good's supply and price are both economically efficient.
The first is that setting a price equal to marginal cost means that the price is less than average cost, which means that the firm will lose money because a natural monopoly has a constant marginal cost that is less than average cost. Unless the government provided financial support, the company would then leave the sector.
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which strategy would a marketing manager most likely use to increase the sales of a high-involvement product?
Make commercials and advertisements that provide consumers with all the information they need to decide what to buy. A marketing manager would most likely employ this tactic to boost sales of a product with a high level of involvement.
How can you increase sales of a high-involvement product?Giving customers all the information they require to choose your brand as their preferred option when making a purchase is the greatest strategy to sell high involvement products. Included in this information, which should set your brand apart from rivals, are the advantages of using and owning your goods.
High Involvement Management Practices (HIMPs) are rules and guidelines that aim to involve employees more in management decisions and provide them the freedom and skills to suggest ways to streamline business strategies.
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xerox pioneered the first portable fax machine in 1980 with a high introductory price of $12,700. xerox used a(n)
Skimming is the term for taking a sizable portion of anything out. In terms of pricing strategy, skimming is the practice of charging a high price upfront before competitors enter the market in order to get the lion’s share of industry earnings.
When a business introduces a brand-new, technologically advanced product, this price model is typically used in the early stages. Therefore, the business has already generated a sizable portion of its income and recouped its product expenditures by the time competitors enter the market.The instance presented here serves as an example of this pricing approach used by Xerox, which charged an outrageous price at first for its newly introduced, ground-breaking fax machine.Consequently, by using a skimming pricing technique, Xerox was able to recoup a significant amount of its.It is safe to assume, based on the information supplied, that Xerox used a skimming pricing technique when setting the price at $12,700.With this pricing strategy.
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in the abc approach, inventory is classified according to some measure of importance. what is that measure, usually?
ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items based on need, cost, and risk data, and inventory managers group items into classes based on these criteria.
Field inventory management, commonly known as inventory management, is the ability to understand a company's inventory composition and the various demands for that inventory.
Inventory Management is responsible for ordering and tracking inventory as it arrives at the warehouse. Order management is the process of receiving and tracking customer orders. Software often combines both tasks. Inventory management plays an important role in order management.
Inventory refers to all items, goods, commodities and materials held by a business for sale on the market for profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
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suppose reggie's business grows, and he expands his workshop and hires three additional carpenters to help him. what source documents will he need now?
Cultural imperatives are the customs of a nation that a business owner must comprehend and adjust to in order to succeed in that nation’s market.
Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable, but others, like the widespread practise of bribery, may be seen as unfavourable or even illegal.Reggie, who is now in his mid-fifties, can Expect to go through some adjustments, such a progressive testosterone decline, water loss (and will require more water to drink), and a decrease in muscle size Reggie can deal with these problems.By consuming more water, exercising with weights, and using supplements.Reggie is worried about the particular form of business custom known as cultural imperatives.The customs of a country that a business owner must understand and adapt to in order to flourish in that country’s market are known as cultural imperatives. Others, like the pervasive practise of bribery, may be viewed as unfavourable or even illegal. Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable.
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kile borrowed $15,000 from chatfield, giving her a promissory note to cover the debt. the note was unsecured, but chatfield knew that kile owned substantial unmortgage real property. a short time later, you would want a judgment against kile for $150,000. when kile filed as bankrupt both chatfield and hewed claimed priority in the real estate. which of the two has a superior claim? explain.
Both defendants have judgment liens against Chatfield because they were NOT specifically mentioned,
Which liens are the most important?A first lien holds precedence over other liens and is entitled to first dibs on the selling proceeds. The excess sale proceeds go to the second lien, such as a second mortgage lender or judgment creditor, until that lien is paid off, and so on, if any proceeds remain after the first lien is fully satisfied.
explanation
Both defendants have judgment liens against Chatfield because they were NOT specifically mentioned, therefore the principle of "first in time, first in right" applies.
Given that Hude was the first to obtain a court ruling, I'm going to venture a guess that Hude would have preference over Kile in the real estate.
If a judgment for $150,000 is recorded, they will be given priority (even if the other lien came)
Judgement Liens, Priority, and Type of Liens Chart on page 346
Which liens are the most important?A first lien holds precedence over other liens and is entitled to first dibs on the selling proceeds. The excess sale proceeds go to the second lien, such as a second mortgage lender or judgment creditor, until that lien is paid off, and so on, if any proceeds remain after the first lien is fully satisfied.
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use the data in the table to answer the question. labor force unemployed frictional structural cyclical 260,000 44,000 23,000 12,000 9,000 calculate the natural rate of unemployment. enter your answer as a percentage rounded to two decimal places.
33.85% natural unemployment rate The frictional and structural unemployment in the economy are added to determine the natural rate of unemployment.
Natural unemployment rate
23, 000+44,000+9000 + 12, 000/260,000
88000/260, 000
0.3385
0.3385× 100 .
33.85
33.85% natural unemployment rate
The level of output in this economy is not at full employment.
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the oldest anti-fraud law, which is to be addressed in a healthcare corporate compliance program, is the:
The Medicaid Integrity Program is created in accordance with the oldest anti-fraud statute, which must be handled in a corporate compliance program for the healthcare industry.
Who founded the Medicaid Integrity Program?The Medicaid Integrity Program (MIP), which was established under section 1936 of the Social Security Act (the Act) by the Deficit Reduction Act of 2005, significantly expanded the federal government's involvement and duty in the fight against Medicaid fraud, waste, and abuse.The Medicaid Integrity Program of the Centers for Medicare & Medicaid Services has been working with states since 2006 to advance best practices and knowledge of Medicaid and Children's Health Insurance Program (CHIP) fraud, waste, and abuse.Program integrity actions are designed to make sure that money from federal and state tax payers is used effectively to provide high-quality, essential care while avoiding fraud, waste, and abuse.To learn more about Medicaid Integrity Program refer to:
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more than half of the ads for wheel of fortune, a game show that is offered to local stations for free or a reduced rate, are presold to national advertisers. which term best describes this situation?
In addition, radio is a low-cost medium, especially when compared to television. Advertisers can frequently communicate with customers through radio without spending all of their budget on more expensive advertisements.
What is it called when viewers switch channels to avoid commercials?Various uses of the term "zapping" include "channel switching" (Kaplan, 1985), "muting of commercials while on the air," and "fast forwarding of video-taped commercials" (e.g., Tauber, 1985).
For what reason does television play similar ads again and again?He stated, "The rationalization is that in a media landscape that is cluttered with quick cuts, playbacks, and other commercials, all of them aim to get our attention."A good thing is that the same spot always runs. This provides continuity.
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which of the choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss? total revenue > total variable costs total variable costs > total fixed costs total revenue < total variable costs total variable costs < total fixed costs total revenue < total fixed costs total revenue > total fixed costs
Option C. The choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss is when total revenue < total variable costs.
What is meant by total revenue?Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations.
It is determined by multiplying the amount of things sold by their price to determine a business's overall revenue. For instance, the total income would be 100 * $50, or $5,000, if Company A produced 100 widgets and sold them for $50 each.
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Which new deal legislation allowed the president to regulate business in the united states in order to raise prices?.
The US constitution provides the fundamental foundation for laws to be drafted and passed in both the US National Assembly and the US Senate, which is the reason.
If the US constitution forbids the passing of laws, then the constitution must first be altered before any laws may be formulated. The first issue that arose when slavery was to be abolished in 1865 was that doing so would have violated the US constitution. As a result, the disagreement was resolved before the statute was passed by amending the constitution.In a nutshell, the US Constitution serves as the fundamental framework for all laws, regardless of the reasons they were created (such as technological, social, or cultural ones).American politician George Walker Bush presided over the country as its 43rd president from 2001 until 2009.As a Republican, President Bush previously held the office of Texas’ 46th governor from 1995 to 2000.He showed significant advancements in the American economy.
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which of the following are not examples of defensive industries? a. food producers. b. durable goods producers. c. pharmaceutical firms. d. public utilities. e. b and c
They are not examples of producers of durable goods in defensive industries.
What exactly are non-consumable goods?
Nondurable consumer goods have a lifespan of minutes to three years and are purchased for immediate or almost immediate consumption. Fuel, clothing, footwear, and beverages are all common examples.
What kinds of things last?
Products that can be physically handled, can be kept in inventory, and typically last at least three years.
What are three examples of durable goods for consumers?
Appliances like washers, dryers, refrigerators, and air conditioners are examples of consumer durables; tools; televisions, computers, and other electronic devices; jewelry; trucks and cars; and furniture for the house and office.
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primary costs to the company, such as payments to artists and staff who maintain the threadless website, come out of which budget? multiple choice capital budget cash budget operating (or master) budget long-term budget short-term budget
Primary costs to the company, such as payments to artists and staff who maintain the threadless website, come out of Operating budget.
What's an operating budget in an association?
Put simply; an operating budget outlines an association's profit and charges for a financial time. An operating budget is essential for your association because it helps organize short- term pretensions.
Why is an operating budget important?An operating budget helps you plan for the day- to- day operations of your business so you do not run into a fiscal gutter. Although utmost budgets are written a time in advance and are grounded on protrusions, yearly or daily tweaking keeps you more finely tuned to how it actually unfolds.
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the amount of principal repaid in the 5th payment of a 15-year loan at 7% is 187. what is the amount of the loan?
Data and computations (a)$100,000 is the loan amount 12% annual interest rate 10 years or 120 months is the loan term.Principal and interest on a loan must be repaid.
The same amount each month.Third Month’s Payment$1,434.71 was paid in full.Interest Initiator =$991.26.$443.45.First three months’ payment schedule:Payment schedule for the first three months:PV for time.One Interest Two FV $100,000.00 $1,000.00 $99,565.29 Three $99,565.29 $1,434.71 $995.65 $99,126.23 One Interest Two FV $991.26 $98,682.79 One Interest Two FV $100,000.00 $1,000.00.
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a ponzi scheme is a fraudulent investment that pays returns from new capital invested with the fraudsters instead of from a legitimate investment. true false
Ponzi schemes are fraudulent investments that generate profits from fresh money invested with the con artists rather than from a real investment is true.
Ponzi schemes are dishonest investment schemes that promise investors large returns with little risk. A Ponzi scheme is a fraudulent financial enterprise where funds are raised from later participants to reimburse earlier investors for their initial investments. In that both rely on new investors' money being used to pay back the first funders, this is similar to a pyramid scheme.
Both Ponzi schemes and pyramid schemes eventually reach their lowest point when the flow of new investors stops and there isn't enough money to go around. The plans then begin to unravel. In a Ponzi scheme, also known as an investment fraud, clients are promised a sizeable profit at little to no risk.
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