IFRS-9 is the section of the authoritative guidance which best outlines the accounting for a transfer of a participating interest in a financial asset.
What is IFRS-9?
This is a financial instrument which measures and classifies assets, liabilities etc at a fair value.
The transfer of participating interest in a financial asset is done after the conditions for treatment as a sale is satisfied.
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Buyer Ralph didn't like the results of an inspection report. He requested to cancel his contract and demanded his earnest money back. Seller Heather denied his request noting that he was one day past the time that was allotted to cancel the contract. Buyer Ralph claimed Seller Heather was miscounting the dates and both demanded that Broker Smith return the money to each of them. Broker Smith waited 15 days, hoping the situation would resolve, before notifying the FREC of the conflicting demands. How long does Broker Smith have left to implement a settlement procedure
The number of days that the Broker Smith has to implement a settlement procedure is 15 days.
What is a settlement procedure?In the real estate business, the process of settlement has to do with the process of transfer of real estate from the one who is selling to the one buying.
The number of days that the broker has waited is 15 days. This is also the number of days that it would take to implement it.
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Determine, to the nearest tenth of a year, how long it would take an investment to double at a 3 3 4 % interest rate, compounded continuously
Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
When will the investment double in value?The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is:
= 3.75%
To double, the formula is:
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
= 18.5 years
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Review the Roles of Line Management and Social Network and Information Technology sections. Note the various roles in the organization and note the similarities and differences within each role. Also, note how innovation technology management shapes how we communicate amongst coworkers within an organization.
Innovation technology management shapes the form of social and professional communication, making it faster and more dynamic, facilitating commercial negotiations.
How has information technology impacted communication?With the automation of organizational processes, communication has been improved, becoming instantaneous, with more comprehensive and faster organizational decisions, strengthening globalization and digital marketing.
Therefore, technological innovations have made the organizational environment more dynamic, where communication generates innovation and the speed with which processes are carried out.
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4) Match the economic system to its definition. (2 points)
Market economy / mixed economy / traditional economy / command economy
Choices:
- an economy where a central government determines both the allocation of resources and the production of goods and services.
- an economy that takes element from both a market economy and a command economy to allocate resources and determine the production of goods and services
- an economy where culture determines both the allocation of resources and the production of goods and services
- an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services
Matching the various economic systems (Market economy, mixed economy, traditional economy, and command economy) to their correct definitions follows:
What are the types of economic systems?The economic systems with their correction definitions include:
1. Market economy - D. an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services.
2. Mixed economy - B. an economy that takes elements from both a market economy and a command economy to allocate resources and determine the production of goods and services.
3. Traditional economy - C. an economy where culture determines both the allocation of resources and the production of goods and services.
4. Command economy - A. an economy where a central government determines both the allocation of resources and the production of goods and services.
Thus, the economic system has been matched to its correct definition.
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Why did the speaker decline to grant product endorsements to marketers after her study was published?
The reason why the speaker declined to grant product endorsements was that she said that she would have been going beyond science and good scientists are careful not to do this.
What is an Endorsement?This refers to the personal indication or seal of approval that is given to a particular item or a company about something to give it credibility.
Hence, we can see that from the complete text, there is the narration of the product endorsements and why the speaker did not give one because it would go beyond science.
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Ray is interested in studying economic growth of his country. He pulled statistics for the GDP of his country, Country G, and found it's present GDP to be $345,521. What will Country G's GDP be in 3 years with an annual growth rate of 9%
The Country G's GDP be in 3 years with an annual growth rate of 9% will be $447,460.
What is GDP?The full form of GDP is Gross Domestic Product which refers to the monetary value of the goods and services produced in the country for the given period of the time.
In above scenario, The GDP of the Country G is $345,521. Thus in order to calculate the Country G's GDP for the 3 years with an annual growth rate of 9% following formula is to be used:-
Future GDP = GDP at starting date×(1+growth rate of GDP)years
=$345,521×(1+0.09)3
=$447,460
Thus GDP at the end of the 3 years will be $447,460.
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Debts listed as current liabilities are those that are due to be paid in more than one year b.are owed to the stockholders and will never be paid c.will be paid in less than one year d.are due to be paid in 5 to 10 years
The debts listed as current liabilities are those that will be paid in less than one year.
What does current liabilities entails?In accounting, these are those liabilities or obligations which are due or to be paid in 12 months.
Hence, any debts listed as current liabilities are those that will be paid in less than one year.
Therefore, the Option C is correct.
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What movie earned tom hanks his first oscar nomination?.
Answer:
Big (1988)
Explanation:
He made his breakthrough with in Penny Marshall's Big (1988) for which he earned an Academy Award for Best Actor nomination.
What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
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Which LIKE operator would match a single character?
?
[]
#
The percentage sign represents zero, one, or a couple of characters. The underscore represents a single wide variety or a character. The wildcard character, the underscore, would match a single character.
What do you know about LIKE logical operator?SQL Server LIKE is a logical operator that determines whether a character string fits in a separate sample. A pattern may also include ordinary characters and wildcard characters.
The LIKE operator is used withinside the WHERE clause of the SELECT, UPDATE, and DELETE statements to clear out rows primarily based totally on sample matching.
Thus, Underscore(_)LIKE logical operator would match a single character.
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An active Florida broker accompanies her husband when he goes on active military duty in Ohio for two years. She is not active in real estate in Ohio. Upon their return to Florida, what would her next step be in order to maintain her license
The next step for the active Florida broker would be to do nothing because she has spousal military privilege.
Who is a Broker?This refers to an individual or company that charges a percentage fee in order to execute a buy or sell order on behalf of an owner.
Hence, we can see that based on Florida laws, the wife or husband of a soldier on military duty has certain privileges and she needs not to do anything to maintain her license because she has spousal military privilege.
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a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $190,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners
Based on the goodwill method, the capital balances of the three partners will be:
Pineda - $275,000Adams - $235,000Gomez - $170,000What will be the capital balance for the partners?First find the total firm goodwill:
= Goodwill paid to Fergie / Fergie capital share
= (190,000 - 160,000) / ( 2 ÷ (3 + 3 + 2 + 2))
= $150,000
This will be shared to the partners in the ratio, 3:3:2:2:
Pinada gets:
= 230,000 + (150,000 x 3 / (3 + 3 + 2 + 2))
= $275,000
Adams gets:
= 190,000 + (150,000 x 3 / (3 + 3 + 2 + 2))
= $235,000
Gomez gets:
= 140,000 + (150,000 x 2 / (3 + 3 + 2 + 2))
= $170,000
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What is a tax return?
A. A form sent to the IRS which reports on your annual income and deductions.
B. The amount of money you make after paying taxes
C. The amount of money returned to you after you pay your taxes
D. The amount of money your employer pays in taxes
In the weeks before the release of a new version of a product (a new iPad, for example), what will typically happen to the demand curve for the previous version of the product
With there release of the new version of a product , there would be a shift of the demand curve to the left to balance the change.
What is a demand curve?The demand curve is a representation that is used to present the relationship that exist between quantity demanded from a product and the corresponding price.
Therefore, since there is launching of new version of iPad , there would be a change in the demand curve because it will shift left.
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How does saving influence economic activity?
How does saving influence economic activity? by making more money available to be used by individuals, businesses, and the government. When the borrowed money is spent, the demand for goods and services is increased, which creates more jobs and spending for workers.
Jerry is working on a research project about the effectiveness of social media marketing. he found some sources with information relevant to his project, and he’s trying to determine which ones are credible. which three sources should he select to use for his project? a journal article titled "marketing strategies: social media" by a university professor an article titled "tips for effective social media marketing" on a government agency website a social media post promoting a new product launched by a reputable business a business magazine article titled "why social media marketing works" by a journalist a blog post titled "my social media marketing success" by an unknown author
The three sources Jerry should select to use for his project are :
Journal article titled “Marketing Strategies: Social Media” by a university professor An article titled “Tips for Effective Social Media Marketing” on a government agency website A business magazine article titled “Why Social Media Marketing Works” by a journalist.What is a research project?This refers to a scientific approach to answering or finding solution to research questions.
Steps to research project are:
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Kara George received a $16,000 gift for graduation from her uncle. If she deposits this in an account paying 5 percent, what will be the value of this gift in 12 years
Based on the amount of the gift that Kara George received and the interest rate, the value in 12 years would be $28,733.70.
How much would the gift be worth in 12 years?This can be found with the formula:
= Amount x ( 1 + rate) ^ number of years
Solving gives:
= 16,000 x ( 1 + 5%)¹²
= 16,000 x 1.795856326
= $28,733.70
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A prepayment is originally recorded as an asset. An adjusting entry at the end of the accounting period results in a(n) Blank______ in the asset account and a(n) Blank______ in the expense account.
A prepayment is originally recorded as an asset. An adjusting entry at the end of the accounting period that results in decrease in the asset account and an increase in the expense account.
What is an accounting period?An accounting period refers to the period of time that covers certain accounting functions that can be either calendar or fiscal year.
A prepayment is originally recorded as an Asset. An adjusting entry at the end of the accounting period results in decrease in the asset account and an increase in the expense account.
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What are 2 ways to send a message to your client when signed in as an Accountant user? My accountant > Requests > Create client request Accountant Tools > Notes Work > Create client request Accountant Tools > Prep for taxes > Message client Books review > Transaction review > Select Transaction > Ask client
The use of Ask client and Requests are the 2 ways to send a message to your client when signed in as an Accountant user.
What is the use of QuickBooks Online Accountant?The software is an accounting-based that is used by bookkeepers and accountants to edit client transactions, review their books, make adjustments etc.
Whe login as accountant user, one can send a message to client through use of Ask client and Requests.
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Mateo’s instructor tells him that before he goes further in his job search, he needs to engage in some introspection. How would Mateo’s actions BEST demonstrate introspection?
A.
He is visiting with his friends more frequently.
B.
He is journaling about his strengths and weaknesses.
C.
He is asking his parents for a loan to buy professional clothes.
D.
He is cooking all of his meals at home instead of going out.
He is journaling about his strengths and weaknesses is Mateo’s actions BEST demonstrate introspection. Because then only he can understand the potential of himself for doing anything.
What is the strength and weakness?Strengths are the potential traits and skills that a person poss of and with the help of the strength, the person build themselves in a job career.
Weakness is the skills and trait that is considered negative for any person that lags them down in the career, they always tried to overcome their weakness.
Thus, option B is correct.
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Khalid, a buyer for a U.S. firm, is shopping the globe for components for use in his firm's products. He finds the best price at a Canadian company. When he buys them, he will be
If he finds the best price at a Canadian company. When he buys them, he will be:
FranchisingOffshoring and onshoringNearshoringWhat is franchising?Franchising can be defined as a marketing strategy in which the franchisor gives a person or a company the right to use his/her trade name or brand name.
Most companies tend to make use of Franchising to expand their business.
Therefore If he finds the best price at a Canadian company. When he buys them, he will be: Franchising.
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What is one of the most important components of the production
process?
A
new technology
B goods and services
I
C human resources
D
inputs and outputs
Answer:
C. human resources because every business needs someone to supervise.
.............
An IT manager in the aviation sector checks the industry's threat intelligence feed to keep up on the latest threats and ensure the work center implements the best practices in the field. What type of threat intelligence source is the IT manager most likely accessing
The type of threat intelligence source that the IT manager most likely accessing is an information sharing and analysis center.
What is threat intelligence?It should be noted that threat intelligence simply means the knowledge used by security agents to prevent attack.
In this case, the type of threat intelligence source that the IT manager most likely accessing is an information sharing and analysis center.
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I am planning to open a bakery and sell bread. My fixed costs for the bakery total $200,000. If I sell my bread for $6 and I use up $1 worth of ingredients baking each loaf, how many loaves do I have to bake to break even
Answer:
40000
Explanation:
I got this answer by 200000 ÷ 5 because the loafs caused one dollar to make and sell for six dollars.
It equals 40000 therefore 40000 loafs are needed to be made to even up with the cost it takes to fix the bakery.
A company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing _______.
A company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing on-demand marketing.
What is a marketing strategy?It should be noted that a marketing strategy simply means the strategy used to companies to improve their sales.
In this case, the company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing on-demand marketing.
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what is the value to a start up business of using primary marketing research
Answer:
By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.
Explanation:
2023 leaf’s battery pack is located beneath the floor of the passenger compartment. What are the advantages of this platform?.
If 2023 leaf’s battery pack is located beneath the floor of the passenger compartment. The advantages of this platform is: It help to effectively maximize passenger as well as cargo space.
2023 leaf’s battery packThe advantages of this platform in a situation were 2023 leaf’s battery pack is found beneath the floor of the passenger compartment includes the following:
It helps to effectively maximize passenger and cargo spaceThe low center of gravity helps to effectively enhance handling.Therefore The advantages of this platform is: It help to effectively maximize passenger as well as cargo space.
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A negative cross elasticity of demand means that two goods are _____, while a negative income elasticity of demand means that a good is a(n) _____ good. complements; normal substitutes; inferior substitutes; normal complements; inferior
A negative cross elasticity of demand means that two goods are complements, while a negative income elasticity of demand means that a good is a(n) inferior good.
What is cross elasticity of demand?
This is a term that has to do with the sensitivity of the demand of goods and services to the prices of other goods.
When it is negative it means that they are complements. It is inferior when income elasticity is also negative.
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How does accenture help companies harness the power of data to achieve optimal business outcomes?.
The things that are implemented by Accenture to ensure the reliability of their data are data governance and management policies.
What is data governance?Data governance simply means the collection of tools, processes, standards, policies, etc. which ensure the efficient and effective use of information in an organization.
Data governance and management policies are used by the company for the efficient use of information. Also, the use is strong authentication in order to access sensitive data is needed to ensure privacy.
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In the long-run, a company that produces and sells popcorn incurs total costs of $1,150 when output is 70 canisters and $1,780 when output is 100 canisters. When this popcorn company increases production from 70 to 100 canisters, it exhibits
When this popcorn company increases production from 70 to 100 canisters, it exhibits : economies of scale because average total cost is rising as output decrease.
Economies of ScaleThe popcorn company will tend to exhibits economies of scales based on the fact if their is decrease of output the average total costs will increase or rise from :
ATC1 = 1150/70
ATC1= $16.43
TO
ATC2 = 1780/100
ATC2= $17.8 per unit
Therefore it exhibits economies of scale because average total cost is rising as output decrease.
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