The options for the question are missing.
A) extranet
B) corporate portal
C) intranet
D) executive information system
Answer:
Extranet.
Explanation:
An extranet is defined as a secure network tailored for information sharing. This type of network is set up by a business to provide specific data to customers and suppliers while restricting their access to sensitive company information.
It simplifies information exchange with potential clients and various stakeholders, enhancing customer support by delivering relevant details to address their inquiries.
a) A partnership.
Explanation:
A partnership occurs when two or more entities jointly manage a business and share its profits. In contrast, a joint venture involves two or more parties collaborating, pooling resources to achieve a particular objective. A sole proprietorship denotes a single owner who retains all profits and bears unlimited liability, while a limited liability company restricts liability to the invested amount for its members. Given these details, it's evident that the law practice established by Mike and Steve is classified as a partnership due to their shared control and profit-sharing arrangement.
Answer:
0.45
Explanation:
Total asset turnover indicates the ratio of total assets to total revenue. It evaluates how effectively a company is employing its assets to generate sales.
The calculation is performed as follows: Net Sales / Average Total Assets.
Average total assets are determined by: (Asset at Start + Asset at End) / 2.
Using the given data:
Total revenue = $900,000 and total assets = $2,000,000.
$900,000/$2,000,000 = 0.45.
Note: Since the beginning and ending assets are not specified, we assume $2,000,000 represents the average assets.
Answer: Tom would incur $2,970. in interest beyond repaying his principal of $9000.
To calculate the interest owed on the principal over a specified timeframe at a defined interest rate, we use the simple interest formula.
This Simple Interest Formula is:
where
A = interest earned on the principal
P = the principle or the amount borrowed
r = interest rate
t = the duration in years for which interest is accrued.
<pWhen we substitute the values into the formula, we have,
a. $20,000. b. $3,000. The cost for an item of Property, Plant, and Equipment encompasses the purchase price and any expenses related to making the asset operational as intended by management. To calculate the car's expense: Purchase Price $19,000, Less Trade Discount $1,000, leading to a Net of $18,000, plus an extra $2,000 for a luxe interior brings the Total Cost to $20,000. Regarding depreciation, using the straight-line method, the fixed expense amortized yearly from the cost is determined by the equation (Cost - Residual Value) / Estimated Useful Life, which yields ($20,000 - $5,000) / 5 = $3,000 annually.
