Answer:
b) Additional paid-in capital.
Explanation:
Closing process in accounting is a period end activities which involves
the movement or transfer of temporary accounts to permanent accounts.
Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.
This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.
In the question, all are income accounts except additional paid-in capital
Answer:
The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.
Explanation:
Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.
<em>Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.</em>
Further expansions led to the world's first skyscraper, the ten-story Home Insurance Building in Chicago, constructed in 1884–1885. It is the so-called “Father of the Skyscraper”. While its tallness of 138 feet is not measured very remarkable today, it was at that time. The designer of the building was Major William Le Baron Jenney.
Answer:
$172.25
Explanation:
initial outlay for the project = -$350
cash flow years 1-5 = [($300 - $135 - $70) x (1 - 36%)] + $70 (depreciation expense) = $60.80 + $70 = $130.80
using an excel spreadsheet and the NPV function, we can calculate the project's NPV with an 8% discount rate:
=NPV(8%,130.80,130.80,130.80,130.80,130.80) - $350 = $522.25 - $350 = $172.25
we can also do it manually:
NPV = -$350 + $130.80/1.08 + $130.80/1.08² + $130.80/1.08³ + $130.80/1.08⁴ + $130.80/1.08⁵ = $172.25
Answer:
TRUE
Explanation:
We currently live in a globalized world. Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Thus, US multinational companies outsource the manufacture of components of their products in different territories. For example, an Iphone has components made in China, Vietnam and others. This makes the final price of the iphone lower around the world.
