All categories

3 years ago

Is money the root of all evil?

2 answers:

8 0

Money isn’t, but the desire of it is. What it drives people to do, to go to a certain extent for money is the evil in money.

SCORPION-xisa [38]3 years ago

5 0

Answer:

Explanation:

the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.

hope it helps

:DD

You might be interested in

Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets $ 42,524 Curr

hammer [34]

Answer:

The market value added is $36,999 million

The market-to-book ratio 311.04%

The valued created as percentage of investment in equity is 211.04%

Explanation:

The company's market value added is the difference between market value of a company and amount of finance contributed by the providers of funds, both equity and debt-holders

It is denoted with below formula:

MVA=V-K

where V is the market valuation and K the book value

Since the debt market value is the same as book value, it implies that it is the same on both sides,the MVA can be taken as the difference market value of equity and book value of equity

Market value of equity=657*$83=$54531

Book value of equity$17532

MVA=$54531-$17532=$36,999

Market to book ratio=54531/17532=311.04%

The company has created for its shareholders the excess of market value of equity over book value, which $36,999 ($54531-$17532)

The value created as percentage of the investment of shareholders is

36999/17532=211.04%

7 0

4 years ago

The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2022. Cash received from cus

natulia [17]

Answer:

Pina Colada's net income for the year ending October 31, 2022 is $246,400.

Explanation:

Net income = Revenue recognized - Expenses incurred including depreciation

= $484,000 - $237,600

= $246,400

Therefore, Pina Colada's net income for the year ending October 31, 2022 is $246,400.

7 0

4 years ago

Hunter’s paradise sells merchandize on account to outdoor haven for $3,280, terms 2/10, n/30. what should the journal entry be t

Schach [20]

These are payment terms in the accounting. The first term 2/10 means that if you can pay the amount after 10 days, you would be given a 2% discount. If not, that's what the second terms means. This means you have to pay the net or full amount within 30 days.

So, if he can pay within 10 days, he will only have to give $3214.4. If not, then he would have to pay $3280 within 30 days.

4 0

3 years ago

Read 2 more answers

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra

mariarad [96]

Answer:

$8,222

Explanation:

The computation of increase in net operating income is shown below:-

Contribution margin per unit = Contribution margin ÷ Sales volume units

= ($31,500 ÷ 1,000)

= $31.5

Increase in net operating income = Contribution margin - Fixed expenses

= (1,001 × $31.5) - $23,310

= $8,222

Therefore for computing the increase in net operating income we simply applied the above formula.

6 0

3 years ago

One of three dimensions of situational control in the contingency leadership model, ______ is the extent to which tasks are rout

OlgaM077 [116]

The contingency leadership model is described as <em>a model that explains that there is not best way to lead an organization – what is best is contingent on certain internal and external factors. </em>

One of these factors is situational favorableness which has three elements, where two of them are on the options. These two options are <em>(C) position power and (E) task structure. </em>

However the best answer would be (E) task structure, since its description is most suitable with the question. Position power is more related to the leader’s formal position in the company and the degree of authority that he or she has by being in that position.

The last element of situational favorableness is leader-member relationship, which is not on the options.

3 0

4 years ago