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2 years ago

Features of wealth definition 10

Business

1 answer:

Kay [80]2 years ago

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<h2><em>Features of wealth :-</em> </h2>

<h3>The following are the characteristics of wealth: </h3>

<em><u>Increased stress on wealth</u></em>: This definition presented considerable value to the nature of money in the economy. According to some economists, the economic success of any country depends on the accumulation of wealth.

<h3 />

<em><u>Examining the Nature of Money:</u></em> According to this definition, economics is also divided with the investigation of the circumstances that led to the creation of wealth.
<em><u>Research on the Nature of Wealth:</u></em> According to this definition the wealth of a nation consists only of physical products.
<em><u>Economic Man: </u></em>This theory states that an economic man converges on his personal goal, that is to earn money

<h3> </h3><h2>Hope it helps.......</h2><h2>STAY SAFE, STAY HEALTHY AND BLESSED.</h2><h2>HAVE A GOOD DAY</h2><h2>THANK YOU</h2><h3>#Jennifer</h3>

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All of the following statements are true regarding earnings per common share (EPS) except:

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Answer:

d) EPS cannot be calculated if a company has no preferred stock.

Explanation:

The above statement is untrue about E.P.S because the reason why 'Preferred dividend' (which is dividend on preference shares) is subtracted from Net Income, before being divided by the 'Average Number of Common Shares Outstanding' is for comparability.

Since the denominator is based on 'common shares' or 'ordinary shares', it makes sense not to include the part of income that has fallen to preferred shares.

As a matter of fact there are a lot of companies that do not have preferred stock and still report Earnings Per Share on their financial statements.

Finally, still on comparability; E.P.S helps to compare the performance of big companies that have preferred stock with small companies that do not have. Hence EPS can be calculated even when there is no preferred stock.

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2 years ago

Anthony has arrived five minutes early for his sales call with a buying group from one of his accounts. He is the only one in th

OleMash [197]

Answer:

The correct answer is letter "A": Greet each group member as they arrive.

Explanation:

If arriving before prospective clients in a business meeting, the salesperson must show his manner and <em>greet every possible customer on their way in</em>. This will let them have an idea of what type of person they are dealing with and could represent a big opportunity to "break the ice" starting small talk.

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3 years ago

At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to

kari74 [83]

Answer:

Equivalent units for material = 7,000 + 52,000 - 6,400 = 52,600

Equivalent units for conversion = 9,000 + 52,000 - 4,800 = 56,200

Explanation:

As per FIFO that is First In First Out

therefore if 62,000 units are transferred first opening stock will be transferred, that is 10,000 units fully completed and then transferred.

Then remaining will be from introduced 60,000 units, out of which 52,000, units that is 62,000 - 10,000 will be used.

Which means only 8,000 out of 60,000 units are left which is 80% complete in respect to materials and 60% complete with respect to conversion

Opening was 30% complete to materials that is 70% completed in this period

Equivalent = 10,000 $\times$ 70% = 7,000

In respect of conversion 10% complete and 90% in this period = 10,000 $\times$ 90% = 9,000

Also 52,000 fully completed 100% in both respects.

For finished goods

In respect of material = 8,000 $\times$ 80% = 6,400

In respect to conversion = 8,000 $\times$ 60% = 4,800

Equivalent units for material = 7,000 + 52,000 - 6,400 = 52,600

Equivalent units for conversion = 9,000 + 52,000 - 4,800 = 56,200

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3 years ago