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Kay [80]
3 years ago
11

Assessment

Business
1 answer:
Sunny_sXe [5.5K]3 years ago
4 0

This should NOT be considered when  setting a current budget

Future income

Explanation:

Future income can be anticipated but never factored in.

This is because the economy is not only controlled by economic policy or statistics that anticipate growth but outside influences too.

For example, despite the productive growth in the recent time there will be decrease in incomes throughout the world this year.

This is because of the recent crisis that was not foreseen at all.

Thus policy making must not see the future as anything granted and must only set up goals for the present and only anticipate what would probably come in the future.

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Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods ag
Alina [70]

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>

<u />

Explanation:

  • A certificate of insurance is a document used to provide information on specific insurance coverage.
  • The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
  • Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
  • The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
  • A certificate of insurance is requested when liability and large losses are a concern.
  • Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
5 0
3 years ago
Thoroughly and completely explain Invention ii. Distinguish between invention as a process and invention as a result and give 2
vitfil [10]
What do you need to know?
7 0
3 years ago
_______ refers to anything that occurs as part of a daily business of which a record must be kept. investment value chain analys
wlad13 [49]

Answer:

Transaction.

Explanation:

Transactions are the individual business activities a company undertakes in order to make profit.

For a business to effectively track business success it needs to record every transaction that occurs. The records are now analysed to determine if profit is being made or not.

6 0
3 years ago
Adams, a general contractor, Brinks, an architect, and Carson, an interior decorator, formed the Dex Home Improvement General Pa
True [87]

Answer:

8,000

Explanation:

Calculation to determine what Brinks' initial basis in Dex is:

Carryover Basis of Land Contributed by Brinks $12,000

Less Mortgage Assumed by the Partnership ($5,000)

Add Mortgage percentage Kept by Brinks $1,000

(.20 x $5,000)

Brink's Initial Basis $ 8,000

($12,000-$5,000+$1,000)

Therefore Brinks' initial basis in Dex is: $8,000

3 0
2 years ago
On October 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wit
shusha [124]

Answer:

$1,200

Explanation:

Calculation to determine what Taylor should recognize as revenue in 2018

Recognized Revenue =($4,800 × 3/12 of the contract duration)

Recognized Revenue =$1,200

Therefore Taylor should recognize revenue in 2018 in the amount of $1,200

6 0
3 years ago
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