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3 years ago

Economic models:

Business

1 answer:

Elanso [62]3 years ago

6 0

Answer:

The correct answer is letter "C": Can be useful, even if they are not particularly realistic.

Explanation:

Economic models are real-world phenomena simplified assumptions that allow individuals to have a better idea of how and why economic events take place and provide certain information on how to mitigate their impact if negative.

<em>Those assumptions are subjective since are given by individuals based on their beliefs but most of the time after observing different events and classifying them using different criteria. Thus, the assumptions might not be accurate sometimes but the economic model concluded could be useful still.</em>

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The most important fundamental component of an entity's internal control is:

rosijanka [135]

Answer:

b) People who operate and function within the control system.

Explanation:

Internal controls are the process and mechanisms that an organization puts in place to ensure the integrity of its accounting and financial information. Internal control helps a business achieve operational efficiency and effectiveness. It ensures that a company financial reporting complies with the relevant laws, policies, and regulations.

The people working in internal control determines whether the mechanisms will succeed or fail. Employees assigned in internal control must be of high integrity and be able to discharge their duties without fear or favor. Internal control protects company resources from theft, wastage, or misuse. For internal control to achieve its purpose, the Individuals in that department must not comprise in any situation.

6 0

2 years ago

If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged

katen-ka-za [31]

Answer:

Percent tax = 45%

Explanation:

Given:

Amount of tax charged = $1,152

Amount of purchase = $2,560

Find:

Percent tax

Computation:

Percent tax = [Amount of tax charged / Amount of purchase]100

Percent tax = [1152 / 2560]100

Percent tax = 45%

6 0

3 years ago

What is the term for the business trend that seeks to simplify and integrate all forms of communication?

Goryan [66]

<span>Unified Communications is the term for the business trend that seeks to simplify and integrate all forms of communication. It's an evolving set of technologies that automate and unify through reduced latency, flow management, and elimination of device and media dependencies.</span>

5 0

3 years ago

alderwood company has provided the following information prior to any year-end bad debt adjustment: cash sales, $455,000 credit

nordsb [41]

If sales discounts, $57,000 allowance for doubtful accounts credit balance, $3,800 alderwood prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. The bad debt expense is:$13,450.

<h3>How to determine the Bad debt expenses ?</h3>

First step is find the Required Balance using this formula

Required Balance =Accounts Receivables × Percentage of Uncollectible

Let plug in the formula

Required Balance =$345,000 × 5%

Required Balance =$17,250

Now let find the bad debt expenses using this formula

Bad debt expenses = Required Balance - Existing Credit Balance

Let plug in the formula

Bad debt expenses = $17,250 - $3,800

Bad debt expenses = $13,450

Therefore we can conclude that the Bad debt expenses is the amount of $13,450.

Learn more about Bad debt expenses here: brainly.com/question/24871617

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6 0

10 months ago

A stock currently sells for $25 per share and pays $0.24 per year in dividends. What is an investor's valuation of this stock if

Kisachek [45]

Answer:

B) $26.30

Explanation:

To determine an investor's valuation of the stock we must calculate the present value of next year's dividend and selling price:

present value = [dividend / (1 + rate)] + [selling price / (1 + rate)]

present value = [$0.24 / (1 + 15%)] + [$30 / (1 + 15%)] = $0.21 + $26.09 = $26.30

4 0

2 years ago