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3 years ago

Which are the four longest standing departments in the federal bureaucracy?

1 answer:

4 0

The four are: cabinet departments
Independent executives agencies
independent regulatory agencies
government corporations.
there is a 5th one, presidental commissions

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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an

nevsk [136]

Answer:

-0.0246 or -2.46%

Explanation:

The duration 't' of his investment is:

$t= 2015-2008=7\ years$

The future value ($10,668,500) of an initial investment ($12,700,500) at a rate 'r' for a period of 7 years is given by:

$10,668,500=12,700,500*(1+r)^7\\1+r=\sqrt[7]{\frac{10,668,500}{12,700,500}}\\1+r=0.9754\\r=-0.0246=-2.46\%$

His annual rate of return was -0.0246 or -2.46%.

*A negative rate of return means that money was lost in this investment

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3 years ago

The Ann Taylor chain of stores has a problem with ________ from its sister chain Ann Taylor LOFT, whose sales have surpassed the

Mamont248 [21]

The losing of sales by Ann Taylor in this scenario is known as cannibalization.

<h3>What is cannibalization?</h3>

It should be noted that cannibalization simply means the reduction of the sales of a company.

This reduction simply occurs when the company introduces another similar product just as illustrated by Ann Taylor.

Learn more about sales on:

brainly.com/question/9437038

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2 years ago

Pacific Bank provides loans to businesses in the community through its Commercial Lending Department. Small loans (less than $10

Reptile [31]

Answer:

Explanation:

As auditor, I may not agree with the policy that is been changed. It

is believed that, by default there is a normal loan risk that is been associated with the business of Pacific Bank. A way to help reduce this risk is to carefully asses the loan applications. Loans that are large has greater risk in the event of default compared to smaller loans. Therefore, it is reasonable to have more than several individual involved in decision making give a loan that is very big. In addition, loans should be given base on those that meet the requirements, it should not be on the base on favoritism or people with relationship with bank president. Giving the bank president the power to give huge loans may lead to him granting loans to people who he is familiar with, without the required due process been followed. This may cause the bank to be credit exposed risks that are poor.

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4 years ago

_____ combine the inputs in the production of goods and services for what are intended to be profitable ventures.A. PrivateersB.

tigry1 [53]

Answer:

The correct answer is letter "E": Entrepreneurs.

Explanation:

Entrepreneurs are individuals with special sights for investments. They tend to look for new ways of doing typical activities and by innovation set a business plan for a potential good or service to be offered to the public or a specific market. They find ways to use factors of productions to achieve the venture's goal.

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3 years ago

Rogers, Inc., acquires 15% of Procter Corporation on January 1, 2020, for $70,000. During 2020, Procter reported net income of $

ioda

Answer:

a) Investment Value as at December 31, 2020 / Jan 1, 2021 $64,000

b) Value of Equity Investment Dec 31, 2021 $491, 000

Explanation:

First Part is to calculate the January 1, 2021 entry to adjust the Equity account based on additional acquisition on that date

It should be noted that the investment balance as at 31st December 2020, will also be the value of the investment balance for the start of the next year January 1st 2021.

Therefore,

Step 1: Calculate the Investment Balance as at 31st Dec, 2020

Acquisition Cost of 15% Investment (Procter Corporation Jan 1) $70,000

Subtract: The dividend received 31st Dec, 2020 ($40,000 x .15) ($6,000)

Investment Value as at December 31, 2020 $64,000

Step 2: Calculate the Investment Gain (Equity Investment)

The formula= Market value of Equity (year end) - Carrying Value (calculated in step 1)

= $68,000 - $64,000

= $4,000

Step 3: The journal entry to adjust the equity investment account

Date Particulars Debit Credit

Dec, 31, 2020 Equity Investment $4,000

Gain Unrealized on Equity Investment $4,000

being the journal record adjusting equity investment at the time of new acquisition

Part B: Balance of the Equity Investment Account Dec 31, 2021

The value of the Investment as at 31, Dec, 2020 $64,000

Add: The additional investment in Procter (Jan 1, 2021) $310,000

Add: Net Income Share for Rogers (45% x $300,000) $135,000

(45% because the initial 15% and the 30% additional)

Subtract: Dividend received (45% x $40,000) ($18,000)

Value of Equity Investment Dec 31, 2021 $491, 000

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3 years ago