Explain ONE reason why it’s important to include financial information in a business plan

Answers

Answer 1

Answer:

It is important to include financial information to assist with decision making.


Related Questions

Like a mortgage, a deed of trust has the __________ to enforce repayment of a debt.

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Like a mortgage, a deed of trust has the power of the law to enforce repayment of a debt.

What is repayment of a debt?

Repayment refers to the act of returning money that has been borrowed from a lender. The return of funds often occurs through recurrent payments that comprise both principal and interest. The initial amount borrowed in a loan is referred to as the principle. In general, three debt repayment methods can aid individuals in more effectively reducing or eliminating their debt. Pay off the smallest debt as quickly as you can. Pay the bare minimum on all other loans. Then apply that extra money to the following biggest loan.

Therefore,

Like a mortgage, a deed of trust has the power of the law to enforce repayment of a debt.

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To develop a co-culture successfully in a cross-cultural business relationship, ______ mind-set is important.

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To develop a co-culture successfully in a cross-cultural business relationship, an open mind-set is important.

What is cross-cultural business?

In cross-cultural business contexts, people are exposed to a wide range of cultural norms, including good manners, nonverbal and verbal communication, dialects, and foreign government practices. International business refers to the transfer of goods, services, technology, money, and/or information throughout national boundaries and on a global or multilateral scale. There are involved cross-border exchanges of goods and services among two or more countries.

Therefore,

To develop a co-culture successfully in a cross-cultural business relationship, an open mind-set is important.

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What are the effects on the accounting equation from the adjusting entry for interest expense accrued, but not paid, at the end of the accounting period?

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The adjusting entry for interest expense accrued but unpaid at the end of the accounting period will have the following impact on the accounting equation: Both total liabilities and total shareholder equity will decrease.

The amount that a company's owners have put into their enterprise is known as shareholders' equity. This covers the funds they have personally invested as well as the total amount of earnings that have been reinvested by the business since its beginning.

What is a good illustration of shareholder equity?

The difference between the entire assets and the total liabilities, as calculated by this method, is the shareholders' equity. For instance, the shareholders' equity of a corporation is $40,000 if its total assets are $80,000 and its total liabilities are $40,000.

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Naples corporation has an unfunded pension liability of $327 million that must be paid in 16 years. what is the present value of this liability at a discount rate of 6.24 percent, compounded annually?

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The present value of this liability at a discount rate of 6.24 percent, compounded annually is $124.15 million

What is unfunded pension liability?

Unfunded pension liability is the extent by which the pension liability of the company exceeds its pension assets, in other words, unfunded pension liability is the pension liability payable in 16 years minus pension asset.

In this case, we can determine the present value of the liability using the present value formula of a single  cash flow as shown thus:

PV=FV/(1+r)^N

PV=present value of the liability due in 16 years=unknown

FV=the amount of future liability= $327  million

r=discount rate=6.24%

N=number of years before the future liability becomes due=16

PV=327/(1+6.24%)^16

PV=$124.15 million

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Economists reason that the optimal decision is to continue any activity up to the point where the.

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Economics investigates how people behave in markets. A market is a collection of buyers and sellers of an item, The framework or organisation by which they conduct business.

Economists:

Make three main assumptions about how people interact in markets. People are logical beings, to start. As a result, both buyers and sellers use every information at their disposal to achieve their goals. Second, monetary incentives have an impact on people's actions.
Third, decisions should be taken on the edge. The marginal benefit and marginal cost of a choice are its additional benefits and expenses. The best or optimal course of action, according to economists, is to continue any activity until the marginal benefit (or MB) equals the marginal cost (MC). MB = MC can be expressed symbolically.
The Great Depression's high rates of company bankruptcy and unemployment led to a substantial rise in government intervention in the economy in the United States and other market economies. The goal of several government programmes is to raise the earnings of the aged, the sick, and the poor. Recently, more government action has been taken to support social goals including environmental preservation and the expansion of civil rights. Due to the government's increasing participation in market economies, the majority of economists claim that the United States and other nations have mixed economies rather than market economies.

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Janet woo received the following grades in an accounting class at mcclenan community college: 65, 80, 70, 100, 75, and 90. the instructor said he would drop the lowest grade. what is janet's average?

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Janet's average grade is 83.

65, 80, 70, 100, 75, and 90... six grades in all

The lowest grade is 65, so dropping 65 leaves five total grades

(80 + 70 + 100 + 75 + 90) / 5. = 83.

What is accounting?

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period.

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For accounting purposes, the business entity should be considered separate from its owners if the entity is:________

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For accounting purposes, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.

What is a business entity?

It refers to the organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities. It ia also an organization founded by one or more natural persons to facilitate specific business activities or to allow its owners.

There types of business entities includes the sole proprietorship, partnership, LLC, corporation, etc

Hence, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.

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Just+paid+a+dividend+of+$1+and+it+is+expected+to+increase+its+dividend+by+2%+per+year.+if+the+market+requires+a+return+of+15%+on+assets+of+this+risk+level,+how+much+should+the+stock+be+selling+for?

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The periodic dividend growth can be estimated by dividing the current dividend Di by the final dividend Di-1 and subtracting one from the outcome, then expressed in percentage.

PV=price=2/0=13.

How do you calculate D1 in the dividend growth model?

The procedure simply is Terminal Value = (D1/(r-g)) where: D1 is the dividend anticipated to be received at the end of Year 1. R is the rate of recovery expected by the investor.

DPS = (total dividends settled out over a period - any special dividends) ÷ (shares outstanding).

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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. calculate the firm's short-run profit or loss.

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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. The firm had a short-run loss of $6,000

What is Short-run production?

Short-term production is the only kind of production that happens in real-time. Businesses typically concentrate their decisions on operational issues, which are described as specific decisions made to manage the day-to-day operations of the organization. Businesses are constrained by a variety of factors, including personnel, infrastructure, skill sets, and technology. Decisions, therefore, reflect how to maximize output in light of these constraints. Increases and decreases in variable factors are the only things that can have an immediate impact on the output produced by businesses. They might alter factors like labor and raw supplies. Since they are still in the beginning stages of production, they are unable to adjust permanent elements like buildings, rent, and know-how.

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Current assets are defined as assets that can be turned into cash within ______ months.

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As a result, short-term investments are liquid meaning they can be readily converted into cash. Hence, current assets get transformed into cash within one year.

What is the period for current assets?

Current assets are any asset a business can convert to cash within a short time, usually one year. These assets are listed in the Current Assets account on a publicly dealt company's balance sheet.

A liquid asset is an asset that can readily be converted into cash in a short amount of time. Liquid assets contain things like cash, money market instruments, and marketable securities.

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A consumer is most likely to primarily use a(n)_________ when he buys a brand such as apple to which he is very brand loyal, or if he has previously owned an ipod and an iphone previously.

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A consumer is most likely to primarily use a(n) Internal search when he buys a brand such as an apple to which he is very brand loyal, or if he has previously owned an iP/od and an iP.hone previously.

This is further explained below.

What is an Internal search?

Generally, When a customer buys a product from a company like Apple, for which he has a strong sense of brand loyalty, or if the customer has previously had both an iPod and an iPhone, the customer is more likely to do an internal search than any other kind of search.

In conclusion, A list of search phrases that visitors to your website have typed into the search engine on your website is shown by Internal Search.

Search does not display the search phrases that were entered into an external search engine, such as G/oogle or Bi/ng, in order to locate your website.

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Is a process that helps managers identify desired outcomes and formulate feasible plans to achieve their objectives?

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Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision.

A plan outlines how and when a company will accomplish its vision, purpose, goals, and objectives.

The goal-based strategic planning process is broken down into four phases: scenario analysis, direction setting, plan deployment, and strategy definition.

The Strategic Planning Process in 4 Steps

scanning the environment. The process of acquiring, compiling, and evaluating information is called environmental scanning.Developing a strategy.Putting a plan into action.Strategy assessment.

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Seller monica is selling her property to harriet. what is monica's primary responsibility at closing?

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To deliver marketable title.

What Are Marketable Securities?

Marketable securities are readily convertible into cash at a fair price and are regarded as liquid financial assets. Marketable securities are liquid since they typically have maturities of less than a year and little impact on prices from the rates at which they can be bought or sold.

Any unrestricted financial instrument that may be purchased or sold on a public stock exchange or a public bond exchange is referred to as a "marketable security." Therefore, marketable securities are separated into marketable debt securities and marketable equity securities. In addition, marketable securities must have a robust secondary market that enables speedy buy and sell operations and a secondary market that offers investors precise price quotes. Due to marketable securities' great liquidity and reputation as secure investments, the return on these securities is generally low.

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Each of the four ps plays a distinct role in adding value for customers and firms. product, the first of the four ps, is responsible for ______.

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Each of the four ps plays a distinct role in adding value for customers and firms. product, the first of the four p/s, is responsible for communicating.

This is further explained below.

What is communicating?

Generally, "An apparent remedy to the unpleasant divides between self and other, private and open, and inner mind and the outward world," is communication.

Face-to-face interactions, telephone calls, text messaging, email, the Internet (including social media platforms such as Fac/ebook and Twi/tter),

radio and television, printed letters, pamphlets, and reports are all examples of these types of interactions.

It is essential, for the sake of good communication, to choose a suitable communication channel.

In conclusion, When it comes to creating value for consumers and businesses, each of the four ps plays a unique and important role. The communication function is within the purview of the product, the first of the four Ps.

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A jewelry company does not have social media or allow customers to share their jewelry online due to concerns of privacy for their designs. would the company continue to be successful?

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No, the jewelry company cannot continue to be that successful, as social media is part of our culture and allows interconnection.

Around 80% of the business executives think that it is very important to invest additional resources in social media marketing. As social media can make big brands feel welcoming and accessible.

Even small businesses, who are just starting can take benefit of social media to reach larger audiences while also engaging local, and loyal  customers and followers. So in order to be successful, a jewelry company should do social media marketing.

Hence, social media is great for promotion and marketing.

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Performance renewal and recontracting is a phase similar to the ______________ phase of the performance management process.

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Performance renewal and recontacting is a phase similar to the performance planning phase of the performance management process.

Performance Management Process

Performance management is an interaction process in which managers and employees work together to develop, monitor, and assess job objectives and overall organizational contribution.. Performance management is more than simply a yearly performance review; it is the continual process of creating targets, measuring progress, and giving continuing coaching and feedback to ensure that employees are fulfilling their objectives and career aspirations.

There is considerably more to performance management than the annual performance review meeting. Performance management is a constant process of planning, mentoring, and reviewing employee performance.

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When the price elasticity coefficient is equal to infinity, the product exhibits ______ demand.

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When the price elasticity coefficient is equal to infinity, the product exhibits perfectly elastic demand.

What is the price elasticity of demand?

A measure of a product's change in consumption in response to a change in price is called price elasticity of demand. How responsive the amount wanted is to the price is determined by a good's price elasticity of demand (PED). Almost all items see a decline in demand when prices rise, but certain goods are more affected than others. The price elasticity gives the percentage change in the quantity needed when a price rises by 1% and all other variables stay the same. A 1% rise in price causes a 2% decrease in the amount sought if the elasticity is 2. Other elasticities are used to determine how much the quantity needed changes in relation to other factors. 

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The first hotel to be franchised in the united states occurred in 1907 when this company franchised the _______________ hotel.

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The first hotel to be franchised in the united states occurred in 1907 when this company franchised the Ritz-Carlton hotel.

What are the advantages of buying a franchise?

Benefits of purchasing a franchise

Franchises provide the freedom of small business ownership while also providing the advantages of a large business network.To operate a franchise, you don't always require business experience. Typically, franchisors give you the training you need to run their business model.Franchises succeed more frequently than new firms.It might be simpler for you to get financing for a franchise. Purchasing a franchise could be less expensive than starting a similar sort of business from scratch.Franchises frequently have a well-established brand, management techniques that have been proved effective, access to national advertising, and ongoing assistance.

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True manuscript presentations can be boring unless the speaker has thoroughly practiced verbal and nonverbal expressions.
a. true
b. false

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The statement that True manuscript presentations can be boring unless the speaker has thoroughly practiced verbal and nonverbal expressions is TRUE.

What is the importance of verbal and nonverbal expressions?

When having a true manuscript presentation, it is up to the speaker to make it as lively as possible.

The speaker can avoid being boring by practicing and using a range of verbal and nonverbal expressions to convey the true emotion that the manuscripts were meant to convey.

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The price of a product increases by 15 nd its price elasticity of demand is 3. what is the change in quantity demanded?

Answers

Change in quantity demanded is 45

From the formula we know that

Elasticity of demand = Change in quantity/ Change in price

From the given information, we have

Change in price = 15

Elasticity of demand = 3

To find

Change in quantity = ?

Solution

Let's put all the values in the formula

3= change in quantity/15

Change in quantity = 3 x 15 = 45

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Which type of lender is a member-based cooperative that provides credit for auto loans and home loans, takes deposits, and offers savings vehicles and money markets?

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The credit union is a member-based cooperative that offers savings accounts, money markets, and credit for housing and auto loans. It also accepts deposits.

The credit union is a member-based cooperative that provides credit for home and auto loans, money markets, and savings accounts. Deposits are also accepted.

A credit union is a specific type of financial cooperative that provides traditional banking services. For the benefit of its employees and members, significant corporations, organizations, and other institutions might establish credit unions. They can be modest, volunteer-only operations or huge, nationwide organizations with thousands of people. Institutions created, owned, and operated by their members are credit unions. They have tax-exempt status as a result and are not-for-profit entities. Initially, a credit union could only accept members who shared a "similar tie," such as those who belonged to the same profession, worked for the same company, or lived in the same area

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Working capital is a popular measure of a company's ability to satisfy its long-term obligations. True or false

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False: A common indicator of a company's capacity to meet its long-term obligations is working capital.

How do I define working capital?

Working capital, also referred to as net working capital, is the difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, stocks of raw materials, and finished goods—and its current liabilities—such as debts and accounts payable (NWC). It's a frequently employed metric to assess an organization's immediate health.

Subtract a company's current assets from its current liabilities to determine working capital. For public corporations, both values can be found in the financial statements that have been made publicly available; however, private companies might not have as easy access to this data.

Current Assets - Current Liabilities equals Working Capital.

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Place the appropriate label to classify each scenario as either microeconomic or macroeconomic.

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The following scenarios are microeconomic:

A team of three partners starts a new ad agency

A laid-off worker enrols in job re-training

The following scenarios are macroeconomic:

the inflation rate rises, Nationwide,

new housing construction declines for the third month in a row.

What is macroeconomics and microeconomics?

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic variables that affect the whole economy. These economic variables include as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

Here is the complete question:

Place the appropriate label to classify each scenario as either microeconomic or macroeconomic.

A team of three partners starts a new ad agency,

A laid-off worker enrolls in job re-training

the inflation rate rises, Nationwide,

new housing construction declines for the third month in a row.

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True or false: total assets must always be equal to total liabilities less stockholders' equity

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The statement, that total assets must always be equal to total liabilities less stockholders' equity, is false.

What is accounting equation?

The accounting equation indicates that the total assets of a company are financed  by a combination of its equity and liabilities, which means total assets are equal equity plus liabilities

total assets=equity+ liabilities

The above shows that the statement that total assets can be determined as total liabilities minus  stockholders' equity is incorrect.

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A salsa manufacturing company that enjoys the lest bargaining power with its suppliers would most likely be?

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A salsa manufacturing company that enjoys the lest bargaining power with its suppliers would most likely be offering specialty salsas at a high price that were only fit for consumers with certain sensitivities.


What is Bargaining Power?

The ability of parties to exert influence over one another during a negotiation, contract negotiation, or agreement-making process is known as bargaining power. In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with perfect competition or between two equally powerful monopolies.

Game theory, labor economics, collective bargaining agreements, diplomatic talks, the resolution of legal disputes, the cost of insurance, and any negotiation in general are a few areas where the idea of bargaining power has proven essential to rational understanding.

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In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. their maximum contribution to an hr 10 plan is:__________

Answers

The maximum contribution by them to an HR 10 plan is $58,000.

Describe the HR 10 plan.HR 10 plans, sometimes known as Keogh plans, are tax-deferred pension plans that independent contractors, as well as self-employed people and unincorporated businesses, can use for retirement. Both defined benefit and defined-contribution plans are acceptable.Profit-sharing plans are one of the two Keogh plan types that allow a business to contribute up to 100% of income, or $58,000 as of 2021.Keogh programs have additional administrative requirements and maintenance costs than Simplified Employee Pension (SEP) or 401(k) plans; but, because the contribution limits are higher, Keogh plans are a preferred option for many high-income business owners.Since the current tax retirement legislation does not distinguish between incorporated and self-employed plan sponsors, the term "Keogh plan" is not frequently used.

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The complete question is:

"In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. Their maximum contribution to an HR 10 plan is:

A. $48,000

B. $58,000

C. $68,000

D. $116,000"

Which expense may be deducted when calculating taxable income for an individual homeowner?

Answers

Points charged on a mortgage loan to purchase a principal residence may be deducted when calculating taxable income for an individual homeowner

What is taxable income?

The portion of your income that can be taxed is known as your taxable income. Salary, earnings, tips, bonuses, employer-provided perks, and interest from investments are common examples of taxable income. Some types of income, such as child support and inheritances, may not be taxable.

A personal exemption is a sum that a resident taxpayer is allowed to deduct from personal income under US tax law when determining taxable income and, consequently, federal income tax. The personal exemption was $4,050 in 2017, but there are phase-out restrictions on the exemption. Every year, the personal exemption is increased to account for inflation. Personal exemptions are gone for the tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act of 2017. is known as yours. Salary, earnings, tips, bonuses, employer-provided perks, and interest from investments are common examples of taxable income. Some types of income, such as child support and inheritances, may not be taxable.

A personal exemption is a sum that a resident taxpayer can deduct from personal income under US tax law when determining taxable income and, consequently, federal income tax. The personal exemption was $4,050 in 2017, but there are phase-out restrictions on the exemption. Every year, the personal exemption is increased to account for inflation. Personal exemptions are gone for the tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act of 2017.

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What is the relationship between a firm's industry environment and the firm's earning potential?

Answers

An organization is more likely to generate above-average returns the more it can positively impact the environment of its industry.

The general rules of competition that affect all companies that offer comparable goods and services. Industry environment is a concept that Harvard professor Michel E. Porter advanced into the forefront of strategic thinking and company planning. The core of his work, which outlines the five factors that affect industry competition, first appeared in the Harvard Business Review. Strategic managers can link distant issues to their influence on a firm's operating environment with the use of his well-defined analytical framework.

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Reporting revenues only when cash is received and expenses only when cash is paid is called the basis of accounting. True or false?.

Answers

The term "cash basis of accounting" refers to the practice of only recording revenues and expenses when actual cash is exchanged.

Revenue is the cash that a business generates via its operations. Depending on the accounting technique used, there are various ways to compute revenue. Sales made on credit will be counted as revenue for products or services delivered to the customer in accrual accounting. Revenue may be recognized in accordance with certain standards even though payment has not yet been made. The cash flow statement must be examined in order to determine how effectively a business collects debts. Contrarily, cash accounting only counts sales as revenue when money has been exchanged.

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at the risk of seeming boring or monotonous, properties will still be at their highest value if the neighborhood exhibits

Answers

Conformity is the answer. When a property is in tune with its surroundings, maximum value is produced.

According to sociologists, conformity is "human behaviour that adheres to the established standards of a group or community." The majority of human behavior is accommodative in nature since people are aware of and cover up their lifestyle judgments. The act of conforming attitudes, views, and behaviors to social standards, political ideologies, or similar viewpoints is known as conformity. Norms are unspoken, detailed guidelines that a group of people adopt and use to govern their relationships with one another. A sort of social influence known as conformity involves altering beliefs or behaviors in order to fit in with a group. This adjustment is a result of either actual (other people being there physically) or hypothetical (pressure from societal norms and expectations) group pressure.

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Which type of units provides specialized expertise and services to the organization? 1. What is the temperature in Celsius, If the Fahrenheit was 57.98 Farenheit? Exercise 1 In the blank, identify the part of speech of the words in italics. Write n for a noun and p for a pronoun. Write adj. for an adjective and adv. for an adverb. Write v for a verb, prep. for a preposition, c for a conjunction, and i for an interjection. The United States has hundreds of important historical sites, many of which have been designated national monuments. How many zeroes are in the product of 40 10 7 ? What information must be provided in the report of deficiencies identified during the iacuc semiannual evaluation? Explain how the work done by lister and semmelweis supports the germ theory of disease. In the 2009-2010 school year in country A, there were 138,000 foreign students from country B. This number is % more than the number of students from country C. How many foreign students were from country C? What are stuff that could make Jamestown, England's more successful? How does federalist no. 10 reflect the tension between the broad participatory model and the more filtered participation of the pluralist and elite models? One car seat is designed for a child up to and including 28 lb. Another car seat is designed for a child between 15 lb and 45 lb. A third car seat is designed for achild between 28 lb and 90 lb, inclusive. Model those ranges with compound inequalities. Please help me giving Brainly 8. Hardwoods are mostly products ofleaf tree tionsEducEducation either functions as an instrument which is used to facilitateintegration of the younger generation into the logic of the present system andbring about conformity or it becomes the practice of freedom, the means bywhich men and women deal critically and creatively with reality and discoverhow to participate in the transformation of their world) -Paulo Freire (1921-1997), Brazilian educator and philosopher. What is author exactly arguing about?? Solid sodium is reacted with 45.0 mL of a 2.00 mol/L H2SO4(aq) and aqueous solutions of hydrochloric acid and sodium sulfate are formed. How many moles of sodium sulfate are produced? Which of the following is not true for the Mississippi-Missouri River system?It is the greatest river system in North America.Made exploration and transportation possible before roads and railroads were built.Has a drainage basin which covers most of the central plain of the United States.Became famous during the gold-rush days in Alaska. If the encoding value is known, one can insert the corresponding character directly into a web page using the character encoding reference ____ Many people buy one newspaper per day, but rarely do they buy two of the same newspapers on the same day. what is the economic justification for this behavior? Given g(x) = -5x - 5, find g(1). one of the most important documents concerning the beliefs of the early church on the trinity is found in the nicene creed. Exercise 1 Draw one line under the simple subject. Draw two lines under the simple predicate. Draw a vertical line (|) between the complete subject and the complete predicate. The angry drivers were stalled at the accident site. Which cell, at the end of the arrow, is present in many connective tissues and can differentiate into different types of cells?