Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities. Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
Answer:
Screening
Explanation:
Screeningprocess used to access innovative product ideas, strategies and marketing trends to determine their consistency with the company's objective. It is used to eliminate unsound ideas and accept sound ones.
Screening can be used to check the compatibility if an idea with a business objective. It involves a process of determining which product aligns with the target audience and the benefits of producing it.
The screening stage is a very important stage in the development of a new product because if a product that doesn't conform with the business objective or the product doesn't have a tendency of being profitable to the organzation passes the screening stage, it means the product will lead to wasted effort and resources in the other stages.
Therefore, a product should be properly screened passing the screening stage.
Answer:
1. Limited liability
2. Shareholder
The concept of limited liability is one of the main characteristics of a corporation. Limited liability means that the owners are responsible for the debts of the company only to the extent of the money they've contributed to the company.
When an investor purchases shares of a corporation, becomes a shareholder of a corporation. He can then benefit from the growth in the company since he is also the owner of the company.
Answer:
![\left[\begin{array}{cccc}&West&East&Total\\$Sales&2,432,000&760,000&3,192,000\\$Traceable Fixed&-210,000&-160,000&-370,000\\$Business Fixed Cost&&&-105,000\\$Income&2,222,000&600,000&2,717,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26West%26East%26Total%5C%5C%24Sales%262%2C432%2C000%26760%2C000%263%2C192%2C000%5C%5C%24Traceable%20Fixed%26-210%2C000%26-160%2C000%26-370%2C000%5C%5C%24Business%20Fixed%20Cost%26%26%26-105%2C000%5C%5C%24Income%262%2C222%2C000%26600%2C000%262%2C717%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
The units sold on each region should be multiply by the $76 unit selling price.
Then, we subtract the fixed selling expense tracable to each division
and then, we subtract to the whole company the common fixed cost.
