Business

Bob has a great idea for a new device to help people find their keys when they lose them. He gets a small business loan from his bank, rents a factory, hiresworkers, and begins producing his product. After two years, his business is so successful he decides to "go public," selling shares of his company toinvestors in order to develop different products. Which term best describes Bob?
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Do you think every working American needs a 401(k) account or an IRA? Why or why not?No links Need ASAP
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When should you consider getting umbrella insurance?.
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aisha braxton is the ceo of meta financial, inc. during a federal investigation concerning the company's financial procedures, it was found that braxton had certified her firm's financial documents as correct and accurate. in the wake of the investigation, braxton now claims that she does not know anything about the accuracy of the financials and signed them based on the accounting department's assurance of their correctness. what is the likely outcome?
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1. The stock in Hotel Management, Inc. , a hotel management corporation, was divided equally between two families. For several years, the two families had been unable to agree on or cooperate in the management of the corporation. As a result, no meeting of shareholders or directors had been held for five years. There had been no withdrawal of profits for five years, and last year the hotel operated at a loss. Although the corporation was not insolvent, such a state was imminent because the business was poorly managed and its properties were in need of repair. As a result, the owners of half the stock brought an action in equity for dissolution of the corporation. Will they succeed
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Why would a hospital or any other business organization want to use individuals who are neither employees nor agents?
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during the busy holiday shopping season, a cashier accidentally under charges the customer $1. the customer offers to wait while the cashier rings the item again. with many customers waiting in line, the cashier forgoes company guidelines and lets the customer keep the item at the price she was charged. what is this an example of?'
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Suppose a firm that has been earning $2 and paying a dividend of $1. 00, or a 50% dividend payout, announces that it is increasing the dividend to $1. 50. The stock price then jumps from $20 to $30. Some people would argue that this is proof that investors prefer dividends to retained earnings. Miller and modigliani would agree with this argument.
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learning about the costs of living before you need to cover them and creating good money habits early are both examples of _______________.
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A company recorded 2 days of accrued salaries of $1,450 for its employees on january 31. on february 9, it paid its employees $7,100 for these accrued salaries and for other salaries earned through february 9. assuming the company does not prepare reversing entries, the january 31 and february 9 journal entries are:
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Individuals should Fight as last resort and only when your life is in imminent danger
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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available:Projected Benefit Obligation ($ in millions)Balance, January 1, 2021 $ 780 Service cost 80 Interest cost, discount rate, 5% 39 Gain due to changes in actuarial assumptions in 2021 (23 ) Pension benefits paid (39 ) Balance, December 31, 2021 $ 837 Plan Assets ($ in millions)Balance, January 1, 2021 $ 820 Actual return on plan assets 49 (Expected return on plan assets, $54) Cash contributions 90 Pension benefits paid (39 ) Balance, December 31, 2021 $ 920 January 1, 2021, balances: ($ in millions)Pension asset $ 40 Prior service costAOCI (amortization $9 per year) 45 Net gainAOCI (any amortization over 10 years) 142 Required:Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. (Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions. )
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Accrued liabilities represent: multiple choice income that has not yet been recognized on the income statement. expenses that have not yet been recognized on the income statement. expenses that have been recognized on the income statement but not yet been paid. income that has been recognized on the income statement but not yet collected.incorrect
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Differences between pretax accounting income and taxable income were as follows during 2021: ($ in millions) pretax accounting income $460 permanent difference (40) 420 temporary difference (32) taxable income $388 the cumulative temporary difference as of the end of 2021 is $104 million (also the future taxable amount). the enacted tax rate is 25%. what is the deferred tax asset or liability to be reported in the balance sheet?
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The health and mortality implications of the recent coronavirus pandemic has propelled many of your co-workers to think critically about having proper health insurance, retirement and estate plans. As a student completing the Risk Management and Insurance course, your co-workers have requested a presentation on "Risk Management Application for Life, Health and Income Exposures". You have identified the following areas that would be vital to aid their understanding: Distinguish among the various forms of health insurance policies (basic health insurance, major medical insurance and miscellaneous insurance coverages). Explain the mandatory and allowable provisions in individual health insurance with respect to grace periods, reinstatement, claim procedures, occupational issues, the misstatement of age when applying for
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Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000 of her savings, which had been earning 10 percent interest per year, on equipment for her business. she also borrowed $12,000 from her bank at 10 percent interest, which she also spent on equipment. for the past several months she has spent $1,000 per month on ingredients and other variable costs. also for the past several months she has earned $4,500 in monthly revenue. in the short run, susan should
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He Theory of Constraints is a five step process that helps management evaluate a process to see if it needs to be modified. An example of the first step, identify the system's constraints, is Select one or more: a. When the night supervisor moved the internal setup to an external setup. B. When the team was told they would have to revert to the standard accounting principles. C. When the team decided to split the 1000 unit order into four orders of 250 units each d. When the team identified the NCX10 and heat treat as the bottlenecks
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Please construct an investment portfolio that is appropriate for your client: She is 60 years old and plans to retire within 5 years. She has $4 million to invest. She is primarily interested in creating steady income from the portfolio. Her goal is $120,000 per year. She is also concerned about inflation and therefore wants the portfolio value and income to keep pace with inflation
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On January 1, 2019, Caswell Company signs a 10-year cancelable (at the option of either party) agreement to lease a storage building from Wake Company. The following information pertains to this lease agreement: 1. The agreement requires rental payments of $100,000 at the beginning of each year. 2. The cost and fair value of the building on January 1, 2019, is $2 million. The storage building has not been specialized for Caswell. 3. The building has an estimated economic life of 50 years, with no residual value. Caswell depreciates similar buildings according to the straight-line method. 4. The lease does not contain a renewable option clause. At the termination of the lease, the building reverts to the lessor. 5. Caswells incremental borrowing rate is 14% per year. Wake set the annual rental to ensure a 16% rate of return (the loss in service value anticipated for the term of the lease). Caswell knows the implicit interest rate. 6. Executory costs of $7,000 annually, related to taxes on the property, are paid by Caswell directly to the taxing authority on Dec. 31 of each year. Required: 1. Determine what type of lease this is for the lessee. 2. Prepare appropriate journal entries on the lessees books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2019 and 2020
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at which financial institution can you open a savings account?a. check casher/currency exchangeb. payday lenderc. credit uniond. you can open a savings account at all of these.
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According to classical economists question 7 options: demand creates its own supply. wages and prices are inflexible downward. the market system ensures full employment. say's law is invalid
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which of the following best describes the primary reason for implementing a new information system, from a business perspective? the system is in use by our primary competitors. the system will automate key business processes. the system enables the firm to create new products and services. xthe system will create new value for the firm, beyond its costs. the system integrates well with the web.
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Since your background is INB, you got a job offer to be a Business Development Executive at a well-structured multinational corporation (ABC corporation). This company is very good at doing marketing in traditional platforms. But due to the digital trend, they are planning to stay vibrant on different online platforms. Your CEO asked you to create an outline of (e-marketing) plan intended to implement the (e-marketing) strategy
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Think about a service provider with whom you deal frequently and have established a better-than-average customer-provider relationship. Perhaps you have been dealing with the organization for a long period of time or visit frequently. If you do not, ask a close friend or family member if they do. Reflect on the relationship and make a list of positive customer service behaviours exhibited by this person. Then review the list and make it a personal goal to replicate at least two of these behaviours, when dealing with your own customers. What were the results?
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