Falisari Corporation has computed the following unit costs for the year just ended:
Direct material used $ 25
Direct labor 19
Variable manufacturing overhead 35
Fixed manufacturing overhead 40
Variable selling and administrative cost 17
Fixed selling and administrative cost 32
Which of the following choices correctly depicts the per-unit cost of inventory under variable costing and absorption costing?
Variable Costing Absorption Costing
A. $ 79 $ 119
B. $ 79 $ 151
C. $ 96 $ 119
D. $ 96 $ 151
E. None of the answers is correct.
Answers
Answer:
A. $ 79 $ 119
Explanation:
Calculation for the choices that correctly depicts the per-unit cost of inventory under variable costing and absorption costing
Calculation for Variable costing using this formula
Variable costing = Direct materials + Direct labor + Variable Manufacturing Overhead
Let plug in the formula
Variable costing = = $25 + $19 + $35
Variable costing = $79
Calculation for Absorption costing using this formula
Absorption costing = Direct materials + Direct labor + Variable Manufacturing Overhead + Fixed Manufacturing Overhead
Let plug in the formula
Absorption costing= $25 + $19 + $35 + $40
Absorption costing= $119
Therefore the choices that correctly depicts the per-unit cost of inventory under variable costing and absorption costing are :$ 79 $ 119
Related Questions
Assume that you are a human resource manager of a 5-star international resort chain operating in
a South Pacific country. Your resort CEO recently assigns you to hire one hundred housekeepers
and waiters for your chain of hotels. Besides personality tests, discuss three other selection
measures you could use to select your targeted employees. Justify your choices with relevant
examples
Answers
Answer:
1. Language Skills
2. Specialization
3. Customer relationship skills
Explanation:
It is very important to note that South Pacific countries are home to many tourist, therefore the employees selected if able to speak various languages would be an added competitive advantage for the Hotel.
Also, employees with vast experience in their area of specialization is another factor that should be considered because it is serves as key to getting repeat service purchases in the hospitality industry.
Furthermore, the ability of employees to remain calm even to an irate customer shows a high level of good customer relationship. However, lack of this skill would result in potential loses for the hotel as a result of bad customer rating.
The adjusted trial balance for Chiara Company as of December 31 follows.
Debit Credit
Cash $ 132,400
Accounts receivable 50,500
Interest receivable 20,800
Notes receivable (due in 90 days) 171,000
Office supplies 16,500
Automobiles 169,000
Accumulated depreciation—Automobiles $ 80,000
Equipment 140,000
Accumulated depreciation—Equipment 23,000
Land 79,000
Accounts payable 98,000
Interest payable 20,000
Salaries payable 22,000
Unearned fees 28,000
Long-term notes payable 144,000
Common stock 26,580
Retained earnings 239,220
Dividends 45,000
Fees earned 544,000
Interest earned 30,000
Depreciation expense—Automobiles 26,000
Depreciation expense—Equipment 20,000
Salaries expense 187,000
Wages expense 43,000
Interest expense 32,200
Office supplies expense 34,200
Advertising expense 63,000
Repairs expense—Automobiles 25,200
Totals $ 1,254,800 $ 1,254,800
Required:
Use the information in the adjusted trial balance to prepare
(a) the income statement for the year ended December 31;
(b) the statement of retained earnings for the year ended December 31 [Note: Retained Earnings at December 31 of the prior year was $257,220]; and
(c) the balance sheet as of December 31.
Answers
Answer and Explanation:
The preparations are presented below:
a. For income statement
Chiara Company
Income statement
For the year ended Dec 31
Revenues
Fees earned $544,000
Interest earned $30,000
Total revenues $574,000
Less: expenses
Depreciation expense - Automobiles $26,000
Depreciation expense- Equipment $20,000
Salaries expense $187,000
Wages expense $43,000
Interest expense $32,200
Office supplies expense $34,200
Advertising expense $63,000
Repairs expense - Automobiles $25,200
Total expenses ($430,600)
Net income $143,400
b. For a statement of retained earnings
Chiara Company
Statement of retained earnings
For the year ended Dec 31
Beginning balance of retained earnings $257,220
Add: Net income $143,400
Less: Dividend -$45,000
Ending retained earnings balance $355,620
c. For balance sheet
Chiara Company
Balance sheet
For the year ended Dec 31
Liabilities & equity Amount Assets Amount
Liabilities & equity Cash $132,400
Accounts payable $98,000 Accounts receivable $50,500
Interest payable $20,000 Interest receivable $20,800
Salaries payable $22,000 90 days notes receivable $171,000
Unearned fees $28,000 Office supplies $16,500
Long-term notes payable $144,000 Automobiles 169,000
Common stock $26,580 Less:
Retained earnings $355,620 Accumulated depreciation
Automobiles $ 80,000 $89,000
Total liabilities & equity $694,200 Equipment 140,000
Less:
Accumulated depreciation
Equipment 23,000 $117,000
Land $79,000
Total assets $694,200
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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A Market share is usually stated as a
Answers
Answer:
stock
Explanation:
a stock is a a share of a company
List five types of damage that can happen to you because of identity or financial information theft. Use online resources to research the implications of identity theft. Give us five ways how it can impact your life.
Answers
The five types of damage caused due to financial information theft are as follows:
A credit card was declinedRejected for a different loan type, such as a student, mortgage, or personal loan Due to identity theft, you're currently in debt. Calls from collection agencies related to fraudulent accounts No checking or savings account can be openedWhen someone utilizes another person's personal information for financial gain, it is called financial identity theft. This type of identity theft is the most prevalent (together with the credit card example previously mentioned). Many different types of financial identity theft exist, including The details of your credit card may be used by fraudsters to make purchases.
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Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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Assume that a gourmet food manufacturer has considered renting a booth at a local mall to sell gift boxes of candy, nuts, and cookies during the holiday season. The fixed costs to rent and operate the booth would be $27,900. The unit contribution margins and sales mix anticipated by the company are as follows: Unit Contribution Margin Sales Mix Candy $1.50 50% Nuts $2.00 30% Cookies $1.00 20% What would be the weighted average contribution margin
Answers
a study of long-distance phone calls made from general electric reveled the length of the calls, in minutes, follows the normal probability distribution. the mean length of time per call was 4.5 minutes and the standard deviation was 0.70 minutes. what is the probability that calls last between 4.0 and 6.0 minutes?
Answers
The probability that calls last between 4.0 and 6.0 minutes is approximately 0.7441, or 74.41%.
To find the probability that calls last between 4.0 and 6.0 minutes, we need to calculate the area under the normal curve between these two values.
First, we need to standardize the values using the Z-score formula: Z = (X - μ) / σ, where X is the value, μ is the mean, and σ is the standard deviation.
For 4.0 minutes:
Z1 = (4.0 - 4.5) / 0.70 = -0.71
For 6.0 minutes:
Z2 = (6.0 - 4.5) / 0.70 = 2.14
Next, we need to find the cumulative probabilities associated with these Z-scores using a standard normal distribution table or a statistical software.
The probability associated with Z1 is P(Z ≤ -0.71), and the probability associated with Z2 is P(Z ≤ 2.14).
Using a standard normal distribution table, we can find these probabilities:
P(Z ≤ -0.71) ≈ 0.2389
P(Z ≤ 2.14) ≈ 0.9830
To find the probability that calls last between 4.0 and 6.0 minutes, we subtract the lower probability from the higher probability:
P(4.0 ≤ X ≤ 6.0) = P(Z ≤ 2.14) - P(Z ≤ -0.71)
≈ 0.9830 - 0.2389
≈ 0.7441
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Assume the government sets a price ceiling, or maximum price800 rent per month Based on the graphwhat will be the outcome of this price
Answers
The outcome of the ceiling price $800 rent is that the quantity supplied will remains at the same.
What is a price ceiling?This refers to a price order by the government that keeps a price from rising above a certain level known as the “ceiling”.
In the graph, the horizontal line at the price of $800 shows the maximum price set by the rent control law.
The forces that shifted the demand curve to the right are still there, but, at this price, the quantity supplied will remains at the same 15,000 rental units although the quantity demanded is 19,000 rental units.
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Answer: There will be a rental housing shortage.
Explanation:
Which of the following is the most common way to search any website or search engine?
A. Topic search
B. Keyword search
C. Boolean logic
D. Plain language search
Answers
Answer:
D. Plain language search
Answer:
b
Explanation:
type the web address and the website you want to find
Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $36,500 Polyester filling 25,700 Lumber 56,200 Glue 5,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric $396,000 Polyester filling 162,000 Lumber 324,000 Glue 36,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $185,000 $68,000 $108,000 $361,000 Job 602 99,000 32,000 79,000 210,000 Job 603 117,000 50,000 113,000 280,000 Factory overhead-indirect materials $31,300 31,300 Total $401,000 $150,000 $300,000 $31,300 $882,300 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Question Content Area a. Journalize the entry to record the purchase of materials in June. If an amount box does not require an entry, leave it blank. a. - Select - - Select - - Select - - Select - Question Content Area b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $fill in the blank 5520e5fcd047f98_1 $fill in the blank 5520e5fcd047f98_2 $fill in the blank 5520e5fcd047f98_3 $fill in the blank 5520e5fcd047f98_4
Answers
a) The journal entries to record materials purchases in June for Yellen Furnishings are as follows:
Debit Raw Materials Inventory:
Fabric $396,000
Polyester $162,000
Lumber $324,000
Glue $36,000
Credit Accounts Payable/Cash $918,000
To record the purchase of raw materials.b) The journal entries to record materials requisitions in June for Yellen Furnishings are as follows:
Debit Factory Overhead $31,300
Credit Raw Materials Inventory: Glue $31,300
To record the requisition of Glue for factory overhead.Debit Work in Process (Job 601) $361,000
Credit Raw materials Inventory:
Fabric $185,000
Polyester $68,000
Lumber $108,000
To record the requisition of materials for Job 601.Debit Work in Process (Job 602) $210,000
Credit Raw materials Inventory:
Fabric $99,000
Polyester $32,000
Lumber $79,000
To record the requisition of materials for Job 602.Debit Work in Process (Job 603) $280,000
Credit Raw materials Inventory:
Fabric $1117,000
Polyester $50,000
Lumber $113,000
To record the requisition of materials for Job 603.c) The determination of the June 30 balances in the materials ledger accounts is as follows:
Fabric Polyester Lumber Glue Total
Beginning inventory $36,500 $25,700 $56,200 $5,900 $124,300
June purchases 396,000 162,000 324,000 36,000 918,000
Materials available $432,500 $187,700 $380,200 $41,900 $1,042,300
Total requisitions $401,000 $150,000 $300,000 $31,300 $882,300
Ending inventory $31,500 $37,700 $80,200 $10,600 $160,000
Transaction Analysis:a) Raw Materials Inventory: Fabric $396,000 Polyester $162,000 Lumber $324,000 Glue $36,000Accounts Payable/Cash $918,000
b) Factory Overhead $31,300
Raw Materials Inventory: Glue$31,300
Work in Process (Job 601) $361,000 Raw materials Inventory: Fabric $185,000 Polyester $68,000 Lumber $108,000
Work in Process (Job 602) $210,000 Raw materials Inventory: Fabric $99,000 Polyester $32,000 Lumber $79,000
Work in Process (Job 603) $280,000 Raw materials Inventory: Fabric $1117,000 Polyester $50,000 Lumber $113,000
Materials Sheet:Fabric Polyester Lumber Glue Total
Beginning inventory $36,500 $25,700 $56,200 $5,900 $124,300
June purchases 396,000 162,000 324,000 36,000 918,000
Materials available $432,500 $187,700 $380,200 $41,900 $1,042,300
Material requisitions:
Job 601 $185,000 $68,000 $108,000 $361,000
Job 602 99,000 32,000 79,000 210,000
Job 603 117,000 50,000 113,000 280,000
Factory overhead-
indirect materials $31,300 31,300
Total requisitions $401,000 $150,000 $300,000 $31,300 $882,300
Ending inventory $31,500 $37,700 $80,200 $10,600 $160,000
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An economy is at a short-run equilibrium as illustrated in the figure. An appropriate fiscal policy option to move the economy to full employment is to increase.
A. Tax rates and move the economy to a full-employment equilibrium at point c.
B. Government expenditure and move the economy to a full-employment equilibrium at point b.
C. Tax rates and move the economy to a full-employment equilibrium at point b.
D. Lower the interest rate by increasing the quantity of money and move the economy to a full-employment equilibrium at point b.
E. Government expenditure and move the economy to a full-employment equilibrium at point c.
Answers
For an economy at a short-run equilibrium; an appropriate fiscal policy that will move the economy to full employment will be to increase government expenditure and move the economy to a full-employment equilibrium at point.
What is full employment economy about?An economy is in full employment when all available labor resources are being used in the most efficient way possible. Its embodies highest amount of skilled and unskilled labor that can be employed within an economy at any given time.
The economic situation a theoretical goal for economic policymakers to aim for rather than an actually observed state of the economy. Full employment are associated with low but non-zero rates of unemployment.
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oligopolists are tempted to produce more thn the quantity that would maximize industry profits because when they increase output
Answers
That would maximize industry profits because when they increase output the price effect is spread across multiple firms.
Who are oligopolists?
There are just a few businesses in an oligopoly market structure, and none of them can stop the others from having a significant influence. The concentration ratio is used to determine the market share of the largest corporations.
A monopoly market has only one producer, a duopoly market has two companies, and an oligopoly market has three or more companies. Unknown is the maximum number of firms that may exist in an oligopoly, but it must be few enough for each firm's operations to significantly affect those of the others.
Oligopolies have occurred in the past in a variety of industries, including steel, oil, railroads, tires, grocery store chains, and telecommunications.
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Step One: You have graduated from college and have established a career. You have been working with the same company for three years. You have saved up $10,000 and need to decide how you will save and invest this money. Your goal is to save as much money in five years as you can for a down payment on a house. Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Upload the document. Step Two: Select specific accounts and investments. For example, if your outline includes investing $1,000 in stock, research and select a stock. Create a portfolio with a spreadsheet or word processor. See the example below:
Answers
Answer12
Explanation: so it is 6+6+22=2
A large food chain of health foods stores, sells its common stock at a par value of $20, and the offering price is $10. This means that the capital in excess of a par is
Answers
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares. Hence Capital in Excess pf a par is $ 10. ($20-$10)
What is common Stock ?This kind of share entitles the bearer to a portion of the company's income as well as voting rights regarding corporate policy and the make-up of the board of directors.
Any specific corporate assets do not belong to common stockholders; instead, they are owned equally by all shareholders. In the event that a corporation issues both ordinary and preference shares, the preference owners will be paid dividends first.
In the any monies remaining after bondholders, creditors (including employees), and preference shareholders have been paid are distributed to regular shareholders. The typical outcome of a bankruptcy-based liquidation is that the ordinary shareholders receive nothing.
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Which best explains why producers choose to specialize? Check all that apply.
to increase competition
Oto gain a comparative advantage
Oto decrease the amount of goods produced
O to maintain market share
to increase efficiency
Answers
Answer:
1. to gain a comparative advantage
2. to increase efficiency
Explanation:
Specialization involves concentrating on producing a few items that once can produce better than others.
Specializing in producing a few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.
Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.
Answer:
Here
Explanation:
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $102,000 during 2021. Thirteen percent of the containers were not returned. The deposits are based on the container cost marked up 35%. What is cost of goods sold relative to this forfeiture
Answers
Answer:
$9,822
Explanation:
Calculation to determine the cost of goods sold relative to this forfeiture
Cost of goods sold=($102,000 x 13%) ÷(100+35%)
Cost of goods sold=($102,000 x 13%) ÷ 135% =
Cost of goods sold=$13,260÷135%
Cost of goods sold=$9,822
Therefore the cost of goods sold relative to this forfeiture is $9,822
Question 2 of 20
The United States is considered to have a high standard of living because:
A. its businesses rarely have to pay taxes to the federal government.
B. it receives economic aid from many foreign countries.
C. its citizens and businesses control a large amount of wealth.
D. it ties the value of its currency to gold and other precious metals.
Answers
Standard pf living is a way of life and includes the total profitability of the nation. Employment, opportunities and income availability, and ease of affordable goods and services.
The standard of living is generally applied to the location rather than to the individual. It is affected by the factors mentioned above. The US has a high value of life or living due to wealth, income, and housing.Hence the option C is correct.
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Answer: C
Explanation:
Just took the test
__________ are inputs used by organizations. Group of answer choices Raw materials Trademarks Incentives Contingencies Esprit de corps
Answers
Raw materials are inputs used by organizations
What are raw materials?They are some of the inputs used to produce an output or products in an organization.
They are products are required by company ] to generate a profit by selling.
Therefore, Raw materials are inputs used by organizations
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_____ is defined as "the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed."
Answers
Reengineering is being defined as the fundamental rethinking and redesigning of business processes to achieve the dramatic improvements in its critical and contemporary performance measures.
What is engineering?Engineering is the process where the machines and its related items are being developed through application of scientific principles and concepts.
Reengineering is the technique where the dramatic upgradations in the overall performance of a business can be determined by modifying the structure of business and its related systems.
It is one of the most important strategy being developed in the early times of the year 1990s. It merely focused on the designing and review of the workflows in an organization.
Therefore, the provided definition relates to the term called Reengineering.
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In general, a court has venue:
1 where the defendant resides.
2 where the highest court is located.
3 both where the cause of action took place and where the defendant resides.
4 where the cause of action took place.
Answers
In general, a court has a venue primarily in two scenarios: 1) where the cause of action took place, and 2) where the defendant resides. These scenarios ensure that the court selected is fair and convenient for both parties involved in the legal dispute.
The first scenario, where the cause of action took place, means that the court is located in the geographical area where the events giving rise to the legal dispute occurred. This ensures that the court has a connection to the case and that local laws and customs can be appropriately applied.
The second scenario, where the defendant resides, ensures that the defendant has access to a local court that they are familiar with, making it easier for them to participate in the legal process. This also helps prevent plaintiffs from "forum shopping," or selecting a court in a different location that may be more favorable to their case.
It is important to note that the highest court's location is generally not a factor in determining the venue, as the highest courts usually handle appeals and specific types of cases, rather than initial trials.
In summary, a court typically has a venue where the cause of action took place and where the defendant resides, to provide fairness and convenience for both parties involved in the legal dispute.
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what do you think should be the hotel's three priorities in order to generate additional business from its OTA partner?
Answers
The 3 priorities for hotels in order to generate additional business from its OTA partner will be:
Use a Distribution Channel ManagerBuild a Relationship with Market ManagersStand Out With Your Hotel DescriptionWhat is called an OTA?Also known as the online travel agency refers to the website that sells travel-related products such as airline tickets, car rentals, cruises, experiences, accommodations to the customers.
Majority of the vacation rental managers utilize the online travel agency that specialize in renting temporary housing to travelers.
Therefore, the top 3 priorities for hotels in order to generate additional business from its OTA partner will be Use a Distribution Channel Manager, Build a Relationship with Market Managers and Stand Out With Your Hotel Description
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For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answers
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True
What are the Highest paying jobs with and without a degree?
Answers
Answer:
Without a degree-
With a degree- Transportation
You are valuing an investment that will pay you $23,000 per year for the first 8 years, $27,000 per year for the next 12 years, and $53,000 per year the following 12 years (all payments are at the end of each year). If the appropriate annual discount rate is 10.00%, what is the value of the investment to you today?
a. $203,969.69
b. $262,205.54
c. $1,144,000.00
d. $762,183.00
e. $1,273,500.80
Answers
Answer:
Total PV= $262,205.54
Explanation:
Giving the following information:
Discount rate= 10%
We need to calculate the present value of each cash flow, and then the total present value. We will start from the lasts payments to the firsts.
To calculate the present value, first, we need to determine the value at the moment of each change in cash flow:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= annual cash flow
53,000 for 12 years:
PV= 53,000*{(1/0.1) - 1/[0.1*(1.1^12)]}
PV= $361,125.67
27,000 for 12 years:
PV= 27,000*{(1/0.1) - 1/[0.1*(1.1^12)]}
PV= $183,969.68
23,000 for 8 years:
PV= 23,000*{(1/0.1) - 1/[0.1*(1.1^8)]}
PV= $122,703.30
Now, the value today of each part:
PV= FV / (1 + i)^n
PV1= 361,125.67 / (1.1^20)= $53,679.03
PV2= 183,969.68 / (1.1^8)= $85,823.21
PV3= 122,703.3
Total PV= $262,205.54
The engagement team performed testing of the tax account rollforward and documented the following for testing of the income tax payments for the
current year, "Agreed balance to Tax payments/refunds schedule prepared by the client without exception." Which is the best response as a result of
your review?
Answer the question, then select Confirm
A. You consider the source of the payments/refunds schedule noting it comes from a key system and ITGCs were deemed to be
effective and add this fact to the team's documentation.
B. Additional procedures are not necessary, as the appropriate tie-out procedures were performed.
C. You consider the testing over the accuracy and completeness of management's schedule which has been performed in a
separate EGA, ensure the balance in the rollforward agrees to the testing performed, and enhance the tax team's documentation to
reference the additional testing.
D. As part your review of the team's work, you re-perform their procedures by agreeing the balance to the payments/refunds
schedule obtained from the client.
Confirm
Answers
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
What does it mean to carry out testing of tax account?This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Marbling refers to small flecks of fat that make the meat ___. a. moist c. tender b. juicy d. crispy
Answers
Answer:
a.moist
Explanation:
The marbling keeps the meat moist, so natural juices don't evaporate in the pan
Guji company had the following amounts of assets and liabilities at the beginning and end of last year:
Assets Liabilities
Beginning of the year………………Br.75,000 Br. 30,000
End of the year….……………………120,000 46,000
Determine the net income or net loss of Guji for the year under each of the following unrelated assumptions:
Owner made no additional investment and withdrew no amount during the year
Owner made no additional investment but withdrew Br.17,500 to pay for her personal expenses
Owner withdrew no amount during the year but made additional investment of Br. 32,500 cash.
Owner withdrew Br.17,500 and invested Br.25,000 cash during the year.
Answers
$32300 is the net income of Guji for the year under each of the following unrelated assumptions.
Explanation:Total assets=Total liabilities +Total equity
Beginning equity=(231,000-96500)=$134500
Ending equity=(262,000-78400)=$183600
Ending equity=Beginning equity+Issue of common stock+Net income-Dividends
183600=134500+23500+Net income-6700
Net income=(183600+6700-134500-23500)
=$32300.
Thus, $32300 is the net income.
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