The options A, B, & C are correct. Choosing firm goals for your business allows you to diversify as opportunities develop, allows you to be more flexible and prevents you from staying focused.
Further Explanation:
The main goal of the business is to earn profit and survive for a long period. Every entrepreneur wants to succeed in his business. The goal of the business allows to diversify, stay focus and more flexible.
Justification for the correct and incorrect answer:
A.
Allows you to diversify as opportunities develop: This option is correct.
If the firm chooses the goals to allow diversify as opportunities develop. It will increase the profit as the opportunity is grasped by the firm and take advantage of it.
B.
Allows you to be more flexible: This option is correct.
If the firm is more flexible, the firm is more able to achieve its goal. The flexibility maintains the goals and easy to diversify the business.
C.
Prevents you from staying focused: This option is correct.
As the firm is more diversified, the firm can do increase the profit by prevents from stay focused only on one work.
D.
Eliminates other options: This option is incorrect.
This option is not correct, the firm can not eliminate other options. If the firm does this, the firm can not get the available options.
Learn more:
1. Learn more about the demand curve
2. Learn more about the exchange
3. Learn more about economic pie
Answer details:
Grade: Middle School
Subject: Business
Chapter: Goal of the business
Keywords:
firm, the goal of the business, goals for your business allows, you to diversify as opportunities, develop, to be more flexible, and prevents you from staying focused.
D. Eliminates other options is correct. Just took the test.
(c) select the accounting assumption or principle Only those things that can be expressed in money are included in the accounting records.
(d) select the accounting assumption or principle Separates financial information into time periods for reporting purposes.
(e) select the accounting assumption or principle Measurement basis used when a reliable estimate of fair value is not available.
(f) select the accounting assumption or principle Dictates that companies should disclose all circumstances and events that make a difference to financial statement users.
Answer:
Book keeping ideas principles of bookkeeping that ought to be followed in planning everything being equal and budget summaries. The four major ideas are;
Answer:
The highest CPM is for the U.S. national edition of Bloomberg Businessweek (magazine) at $0.16
Explanation:
The CPM for each alternative can be expressed as;
CPM=total cost/audience size
a). CPM for U.S. national edition of USA Today is;
total cost of U.S national edition of USA toady=$207,720
U.S. audience size=1,711,696
replacing;
CPM for U.S. national edition of USA Today=207,720/1,711,696=$0.12
b). CPM for U.S. national edition of Bloomberg Businessweek (magazine) is;
total cost U.S. national edition of Bloomberg Businessweek (magazine)=$148,300
audience size=900,000
replacing;
CPM for U.S. national edition of Bloomberg Businessweek (magazine)=148,300/900,000=$0.16
c). CPM for U.S. national edition of Sports Illustrated (magazine) is:
total cost U.S. national edition of Sports Illustrated (magazine)=$396,600 audience size=3,000,000
replacing;
CPM for U.S. national edition of Sports Illustrated (magazine)=396,600/3,000,000=$0.1322
d). CPM for a 30-second ad on the most recent Super Bowl telecast is:
total cost for a 30-second ad on the most recent Super Bowl telecast=$3,800,000
audience size=108,400,000
replacing;
CPM for a 30-second ad on the most recent super Bowl=3,800,000/108,400,000=$0.035
The highest CPM is for the U.S. national edition of Bloomberg Businessweek (magazine) at $0.16
B.)federal income tax
C.)property tax
D.)sales tax
Answer:
sales tax
Explanation:
Answer:
Supply and demand.
Explanation:
Flexible exchange rate is the exchange rate where the value of currency react to the change in demand and supply. That means it depends greatly on the supply and demand and is therefore calculated accordingly.
It is left without intervention so as to allow the exchange rate to equate itself to the demand and supply of foreign currency.
It keeps the government away from holding foreign exchange reserve and helps in maximizing resource allocation.
2015 150,000 overstated
P uses the periodic inventory system to ascertain year-end quantities that are converted to dollar amounts using the FIFO cost method. Prior to any adjustments for these errors and ignoring income taxes, P's retained earnings at January 1, 2016, would be:
Answer:
$150,000 overstated
Explanation:
Given
2014 $120,000 understated
2015 150,000 overstated
Using the FIFO cost method, the retained earnings would be $150,000 overstated.
The understated earnings of $120,000 would affect the earnings of 2014 cost of goods sold to be entered as overstated. At the same time, this would understate the net income and the retained earnings.
Having mentioned the above, this would also affect the beginning Inventory of 2015 cost of goods sold to be understated. By the same virtue, this would overstate the net income and the retained earnings by the same amount the net income and retained earnings is understated, effectively correcting the balance of the retained earnings.
Lastly, The $150,000 overstated ending inventory would then affect the 2015 cost of goods sold to beunderstated; this would overstate the Net Income and Retained Earnings.
Answer:
P's retained earnings are overstated by $150,000.
Explanation:
First of all, the $120,000 inventory understatement would cause the 2014 cost of goods sold to be overstated. In other words, profits and consequently retained earnings were understated because COGS were too high.
Because the 2014 ending inventory was understated, the beginning inventory in 2015 would be understated also. Since the initial inventory was understated, the COGS would be too low during 2015, which would end up correcting the previous error during 2015 (both profits and retained earnings should level up).
By the end of 2015, an error happened again and this time the ending inventory was overstated by $150,000, which understates COGS and overstates profits (and retained earnings). This should also be corrected during 2016, but since we are asked about January 1, 2016, then the correction hasn't occurred yet.
The problem with a periodic inventory system is that COGS is determined at the end of the accounting period, unlike a perpetual inventory system that records COGS immediately. Any variation in final inventory will change profits and directly affect retained earnings.