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LuckyWell [14K]
2 years ago
14

A ________ is a story of how the firm will create value for customers and, more important, how it will do so profitably.

Business
1 answer:
nata0808 [166]2 years ago
3 0

A business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

<h3>What is a business ?</h3>

Business can be described as the  activity which involves the  making of money through the production  or buying and selling products.

It is  should be noted that it is "any activity or enterprise entered into for profit,  business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

Learn more about business at:

brainly.com/question/24448358

#SPJ1

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8. Brady Inc. reported FIFO ending inventory of $114,000 and FIFO beginning inventory of $110,000 for 2018. Inventory purchases
atroni [7]

Answer:

$232,825

Explanation:

Step 1: Calculation of cost of goods sold (COGS) under First In First Out (FIFO)

Since we know that;

Ending inventory = Beginning inventory + Purchase - COGS of FIFO

Therefore, we can rearrange to make COGS the subject of the formula and substitute the values as follows:

COGS under FIFO = Beginning inventory + Purchase - Ending inventory

                               = $110,000 + $237,500 - $114,000 =

COGS under FIFO = $233,500

Step 2: Calculation of COGS under Last In First Out (LIFO)

COGS under LIFO = COGS under FIFO - Rise in LIFO reserve

                              = $233,500 - $675

COGS under LIFO = $232,825

Therefore, the value of COGS LIFO for Brady Inc. in 2018 is $232,825.

7 0
3 years ago
Name three primary sources of authority that tax professionals should check against the citator before relying on those sources
soldi70 [24.7K]

Answer:

The three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters are;

1. Revenue procedures

2. Revenue rulings

3. Judicial decisions

Explanation:

A citator can be defined as an index of legal resources that allows the researcher to find newer documents of the original document and thus the history of statues and cases can be reconstructed. This has been collectively termed as shepardizing. There are different kinds of citators depending on the type of case one is handling. In our case, we are dealing with tax professionals. Tax professionals deal with three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters. These primary sources are; revenue procedures, revenue rulings and judicial decisions. They are further elaborated below;

1. Revenue procedures

A revenue procedure is a set of guide that give direction on how to apply law, regulations and rulings. They majorly give direction on matters involving tax.

2. Revenue rulings

A revenue ruling is an order directly from the Internal Revenue Services (IRS) that has the full backing of the law and therefor enforceable. Such rulings on revenue, give direction on how the IRS understands the tax laws. Since the IRS is an authority constituted by top-level tax professionals, a revenue ruling can be used by other tax professionals to cite cases of similar nature.

3. Judicial decisions

Judicial decisions is a statement of advice written by a judge or a panel of judges that serves as a guide in solving a legal dispute. They involve a written legal opinion that tends to justify how and why they arrived to that conclusion to solve the dispute. The same thinking can be used by other professionals in other disputes of a similar nature to solve them.

3 0
3 years ago
A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.90% with interest paid annually. If the
Effectus [21]

Answer:

$5.97

Explanation:

In order to determine the capital gain of the bond in a year's time,it is first first of all important to calculate the yield to maturity on the bond which is arrived at by applying the rate formula in excel as follows:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest the bond would pay over its entire life of 15 years which is 15

pmt is the annual interest,7.9%*$1000=$79

pv is the current market price of the bond which is $790

fv is the value of $1000

=rate(15,79,-790,1000)=10.79%

Afterwards,the price of the bond in one year' time can then be calculated:

=-pv(rate,nper,pmt,fv)

The variables in the formula are as above except for nper which would reduce by 1 in a year's time

=-pv(10.79%,14,79,1000)

pv=$ 795.97  

Hence the capital gain=price now-price one year ago/price one year ago

price now is $795.97  

price one year ago was $790

Capital gain=$795.97-$790=$5.97

Capital gain %= ($795.97-$790)/$790=0.76%

8 0
3 years ago
You talk to Kenji, the Japanese manager of the Swedish plant. He says the workers are uncooperative and do not carry out the ins
Oliga [24]

Answer:

Explanation: Cultural differences can affect the workplace and how employees cooperate. In a business it is crucial to determine employers and employees' cultural differences to decipher how these differences can be incorporated into the work place so that everyone can operate cohesively.

So it is important to take the best choice and investigate this situation further. Before forming an opinion, make sure you have viewed everyone's perspective. Try and figure out why the workers are disobeying Kenji's orders, but also determine why Kenji has such a dominating and unreadable personality.

It is important to note that Sweden is a low - context culture. This means that Swedish people communicate information in explicit and direct ways. Facial expressions, gesture and other forms of non verbal communication aren't heavily used or taken into consideration when communicating, and people often communicate verbally only, to get taken their points across. Japan however is a high context culture and relies on non - verbal cues such as traditions and context to communicate information.

Because of the different cultural contrasts Kenji should consider providing more clearer, more verbal (and less ambiguous) instructions to his employees so that communication is better understood by all the parties involved.

4 0
4 years ago
According to Herman, one of the differences of managing a nonprofit versus a for-profit corporation is
marusya05 [52]
Managing because it's non profit
4 0
4 years ago
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