According to 2014 figures, health and social services received the largest share of corporate donations among the options provided. option B
In 2014, based on the given information, health and social services received the largest share of corporate donations. This indicates that businesses viewed the support of healthcare initiatives and social welfare as significant community needs. It suggests a focus on improving access to healthcare, addressing social issues, and promoting the well-being of communities. While education, culture and the arts, and civic and community projects are also important areas, the data from 2014 indicates that health and social services received the largest portion of corporate contributions, highlighting the recognition of the importance of supporting healthcare and social welfare initiatives in the community.
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Why is buying on the black market difficult
Answer:
Buying on the black market can be difficult for a variety of reasons. One reason is that it is illegal, so it is not conducted in an open and regulated marketplace. This can make it difficult to find trustworthy sellers and to ensure that the products or services being purchased are of good quality. Additionally, transactions on the black market are often conducted in cash and in secret, which can make them more vulnerable to fraud and theft. Finally, the risk of being caught and facing legal consequences can be a significant deterrent for many people.
Buying any type of goods or services on the black market is difficult because it's not legal.
Black markets are rampant because citizens want to buy things that are difficult to come by through legal channels.The underground market's many drawbacks include the risk of fraud, the possibility of violence, and being saddled with counterfeit goods or adulterated products, which is especially dangerous in the case of medications.
Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easily traced.
You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive committee is made up of you as the president, your mother as the secretary, and your brother as the treasurer. The three of you are the key officers of the corporation, with you as the CEO, your mother as the head of HR, and your brother as the CFO. The Brady Business Friendship Bracelet (BBFB), Inc., conglomerate is ridiculously successful, earning the three key executives over $100,000 each in salary and bonuses. Before you begin operating, the BBFB decides to become an S Corp designation and to remain a closely held corporation. The state of incorporation is different from the principal place of business operations or the headquarters. The corporation cannot be sued there as well as in its home state.
True
False
Answer:
true
Explanation:
Answer:
false
Explanation:
O Keep silent so a not to feed negative publicity. The capabilities of IT affect the virtualizability of physical processes. They are: 10 Points O representation, reach, richness. processing power, memory, storage. representation, reach, monitoring and identification. sensory, relationship, synchronism.
IT capabilities such as representation, reach, and richness impact the virtualizability of physical processes.
What aspects of IT affect the virtualizability of physical processes?The impact of IT capabilities on the virtualizability of physical processes. The representation, reach, and richness provided by IT play a crucial role in enabling the virtualization of physical processes. Representation refers to the ability of IT systems to accurately mimic and emulate real-world phenomena, allowing for the translation of physical processes into digital form.
Richness encompasses the depth and complexity of the data and information that can be captured and processed by IT, contributing to a more comprehensive virtual representation of physical processes.
IT capabilities go beyond representation, reach, and richness to further influence the virtualizability of physical processes. Processing power determines the speed and efficiency with which IT systems can handle complex calculations and simulations, enhancing the accuracy and responsiveness of virtual models. Memory and storage capacity play a critical role in storing and retrieving vast amounts of data necessary for virtualization. Monitoring and identification capabilities enable real-time tracking and analysis of physical processes, facilitating effective monitoring and control in virtual environments. Additionally, sensory capabilities allow IT systems to interact with the physical world through various sensors, enabling feedback and input from the environment.
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Avida sports developed a sensor system that swimmers wear in the water and get computerized analysis of their stroke. avida signed an agreement with a swim club to test the product before increasing production. avida is in the _____ stage of the creative process.
a. insight
b. verification
c. incubation
d. cognitive dissonance
e. preparation
Answer:
b. Verification
Explanation:
Creative process is when ideas are translated into producing something new and original. It means that people developed solutions or innovative ideas that would solve problems. Creative process cut across designs, innovation, product manufacturing etc.
Stages of creative processes are ;
Preparation, incubation,verification, insight etc.
•Preparation entails preparing oneself for the ideas and comparing it with what has being before yours.
•Incubation means that the ideas gathered during the preparation stage are now allowed to enter into one's subconsciousness.
•Insight is when the ideas generated are toned up through the mind. It is a moment of adding fresh ideas to the existing one.
Verification is like self criticism or reflection. It is testing ideas that have been transformed into a product before rolling out more productions as in the above scenario.
A job may help you provide for survival, or it may help you provide for enjoyment. Which of the following expenses is an example of a survival need?
Answer:
C. Paying rent for your family's apartment
Explanation:
its called common sense
Answer:
C. Paying rent for your family's apartment
Explanation:
In one to two sentences, describe how you benefited from the career-development activity.
The way I benefited from the career-development activity is that it help me to improve and upgrade the neccessary skill for my career and this help me top be successful.
What is career-development activity?Career-development activity can be described as the activities that can be carried out by individual as well as organization which can help them to improve in their different career and this usually help them to succeed in thier field.
It should be noted that most of the people could be successful if they were been guided in their career by experts and this do help people to suceed alot.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Total dollar volume of U.S. travel agencies (including OTAs (online agencies)) over the past decade has ________________________. Select one: A. made dramatic growth B. risen very slowly C. decreased since 1995 D. remained almost the same
The total dollar volume of U.S. travel agencies (including OTAs (online agencies) over the past decade has option (a) i.e, made dramatic growth.
What is a travel agency?A travel agency is a private business or government organization that offers the general public travel and tourism-related services on behalf of lodging or transportation providers in order to offer various travel bundles for each destination. Outside recreation activities, airlines, car rentals, cruise lines, hotels, trains, guidebooks, travel insurance, package tours, insurance, access to VIP airport lounges, public transportation schedules, vehicle rentals, and currency exchange services are all things that travel companies can offer.
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Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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The term used to describe an expense that has not been paid and has not yet been recognized in the accounts by a routine entry is a. prepaid b. accrued c. deferred d. matched
The term used to describe an expense that has not been paid and has not yet been recognized in the accounts by a routine entry is accrued expense
Expenses that a business has incurred but has not yet paid are referred to as accrued expenditures. These costs are recorded as an expense on the income statement and as a liability on the balance sheet. Employee salaries that were earned but unpaid at the conclusion of an accounting period are an example of an accumulated expense.
To adhere to the accrual accounting principle, expenses that need to be paid must be properly recorded. The accrual concept states that regardless of whether cash is paid or not, revenue and costs must be recorded in the period in which they are incurred. Wages and interest charges are two prime examples of accumulated expenses, which relate to costs that are incurred during a period but are not yet paid or reported.
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different between profession and professional human resources in points
Answer:
Explanation:
Hi
Mason compared the properties of two compounds. Magnesium oxide is an ionic compound, and hydrogen peroxide is not an ionic compound. Therefore, both compounds most likely
have molecular structures.
can be highly reactive.
have low boiling points.
can dissolve in water.
Answer:
Can be highly reactive
Answer:
B.
Explanation:
our use of time can send powerful messages about value and power.
Our use of time can send powerful messages about value and power. Our use of time can send powerful messages about our values and behaviors, reflecting the importance we place on certain aspects of life and indicating the power dynamics at play.
Explanation:Time management is important for people and organizations alike, and our use of time can convey powerful messages about what we value and how much control or power we have. For example, someone who is always late to meetings or deadlines may be perceived as unprofessional, disrespectful of others' time, or lacking in self-discipline. Conversely, someone who is always punctual and efficient may be seen as reliable, trustworthy, and disciplined.
Our use of time can send powerful messages about value and power. Time management is important for people and organizations alike, and our use of time can convey powerful messages about what we value and how much control or power we have. For example, someone who is always late to meetings or deadlines may be perceived as unprofessional, disrespectful of others' time, or lacking in self-discipline. Conversely, someone who is always punctual and efficient may be seen as reliable, trustworthy, and disciplined. Our use of time can also reflect our priorities and the importance we place on certain activities or tasks. By managing our time effectively, we can demonstrate our ability to focus, prioritize, and achieve our goals.
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Suppose the rate of return on a 10-year T-bond is 5.50%, the expected average rate of inflation over the next 10 years is 2.30%, the MRP on a 10-year T-bond is 1.64%, no MRP is required on a Treasury Inflation Protected Security (TIPS), and no liquidity premium is required on any Treasury security. Given this information, what should the yield be on a 10-year TIPS? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
Answer:
the yield be on a 10-year TIPS is 1.56%
Explanation:
The computation of the yield to be on 10 year TIPS is as follows:
Yield on 10 year TIPS is
= rate of return on 10 year T bond - Average inflation - MRP
= 5.50% - 2.30% - 1.64%
= 1.56%
Hence, the yield be on a 10-year TIPS is 1.56%
The same should be considered and relevant too
doug spends three weeks each year in haiti as a missionary for his church. he is an example of a border dweller through what?
Doug spends three weeks each year in Haiti as a missionary for his church. he is an example of a border dweller through travel.
A commercial enterprise price range is a spending plan in your business based totally on your income and expenses. It identifies your to-be-had capital, estimates your spending, and enables you to predict revenue. A price range can help you plan your business sports and may act as a yardstick for setting up economic dreams. Spending includes all varieties of charges a man or woman incurs associated with shopping for items and services or anything that is consumable.
Purchaser spending is, clearly, very crucial to corporations. The more money clients spend at a given organization, the higher that organization has a tendency to perform. for this reason, it's miles unsurprising that most buyers and groups pay a terrific amount of attention to customer spending figures and patterns. Spend management is a non-stop manner of controlling and improving the way a business enterprise spends money. It normally includes strategic procurement sports which include supplier control, category management, inventory management, and product development.
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Write a SWOT Analysis for the companies listed: Hope of the Valley Rescue Mission, Salvation Army, and for Linc Housing
Strengths: Established reputation: Hope of the Valley Rescue Mission has built a strong reputation for providing shelter, food, and support services to homeless individuals and families.
Extensive network: The organization has a wide network of partnerships with local communities, businesses, and government agencies, enabling them to access resources and support. Diverse service offerings: They offer a range of services, including emergency shelter, transitional housing, job training, healthcare, and counseling, addressing multiple needs of the homeless population. Weaknesses: Funding challenges: Like many nonprofit organizations, funding can be a significant challenge for Hope of the Valley Rescue Mission. Relying on donations and grants may lead to financial instability and limited resources. Capacity constraints: Limited physical space and resources may limit the number of individuals and families that can be accommodated and served at any given time.
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Selecting a target market involves all of the following steps EXCEPT
A) grouping customers with similar need sets.
B) selecting an attractive group to target.
C) describing each group.
D) identifying product-related need sets.
E) all of the above are involved.
Selecting a target market involves all of the following steps EXCEPT all of the above are involved
A target market is a population that has been chosen because of similar traits like age, education, and lifestyle as the most probable candidates to purchase a product. A target market is a particular group of people having common traits to whom a company offers its goods or services. Target markets assist businesses fully comprehend their potential clients so they may develop marketing strategies that support their commercial and marketing goals.
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Think back to the last time you had to defer to an expert to make an important decision in your life (this can be in a medical setting, legal setting, educational setting, financial setting, etc.). What were the constraints put upon your autonomy in this situation that made you defer to an expert?
Imagine a medical setting where an individual is facing a complex and potentially life-altering decision regarding a specific treatment or surgery.
The constraints that may influence their autonomy and lead them to defer to an expert could include:
1. Lack of specialized knowledge: The individual may not have the necessary expertise or understanding of the medical condition or treatment options. They may feel overwhelmed by the technicalities and complexities involved, making it challenging for them to make an informed decision independently.
2. Risk and uncertainty: Medical decisions often carry significant risks and uncertainties. When facing potential consequences that could impact their health or well-being, individuals may rely on the expertise of medical professionals who have studied and dealt with similar situations, seeking their guidance to make the best-informed choice.
3. Time constraints: In urgent or time-sensitive medical scenarios, individuals may not have sufficient time to thoroughly research or explore all available options. Trusting an expert allows them to benefit from the professional's knowledge and experience, enabling a faster decision-making process.
4. Legal and ethical considerations: In some cases, legal or ethical regulations may require individuals to seek expert opinions or obtain informed consent before proceeding with certain procedures. These constraints further limit personal autonomy and necessitate consultation with experts.
In such situations, deferring to an expert allows individuals to leverage the specialized knowledge, experience, and expertise of professionals who can provide valuable insights and guidance, enabling them to make informed decisions aligned with their best interests.
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In this discussion question, you will apply the time value of money concepts to finance.
How do financial managers use the time value of money? What factors do you need to know before the time value of money can be calculated? In your opinion, are any of these factors "subjective"/variable? How does the finance manager determine the value of these factors? What does s/he need to consider?
Financial managers use the time value of money to evaluate the worth of future cash flows in today's terms, enabling them to make informed investment and financing decisions.
Factors required for time value of money calculations include the interest rate, the length of time, and the cash flows involved. These factors can be considered subjective/variable as they depend on various external factors such as market conditions, inflation rates, and risk preferences. Finance managers determine the value of these factors by analyzing market data, economic indicators, and historical trends. They need to consider factors like inflation, risk, and opportunity cost when determining interest rates and discount rates. Additionally, they should account for uncertainties and potential changes in the factors over time to make accurate financial projections and decisions.
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what should an entrepreneur focus on during early growth
Entrepreneurship is an exciting and challenging journey that can be very rewarding when approached with the right mindset and focus. During the early stages of growth, an entrepreneur needs to focus on several critical areas to ensure that their business thrives and achieves its objectives.
One of the most important areas that an entrepreneur should focus on during early growth is creating a sustainable business model. This involves developing a clear understanding of the market and identifying the customer needs that the business can satisfy.
Entrepreneurs need to create a product or service that solves a significant problem or fills a gap in the market. They should also focus on developing a strong value proposition and positioning their offering as unique and valuable to their target audience.
Another key area for an entrepreneur to focus on during early growth is building a team of talented and motivated individuals. The team should be composed of individuals with complementary skills and a shared vision for the business.
The entrepreneur needs to identify the roles and responsibilities that need to be filled and hire the best individuals to fill those roles. Additionally, they should create a culture of teamwork, open communication, and continuous learning to ensure the team works effectively together.
Entrepreneurs need to keep accurate and up-to-date financial records to understand the performance of the business and make informed decisions. They should also focus on building a cash reserve and managing expenses to ensure that the business remains profitable and sustainable in the long run.
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A group of funds managed by a single company which offers conversion privileges is called a: a. management group. b. fund family. c. brokerage group
A group of funds managed by a single company which offers conversion privileges is called a: fund family.(B)
A fund family, also known as a mutual fund complex, refers to a collection of investment funds managed by a single company. These funds often cover various asset classes, sectors, and investment styles.
Fund families offer conversion privileges, allowing investors to move their assets between different funds within the family without incurring additional fees or taxes.
This flexibility can be advantageous for investors looking to rebalance their portfolios, respond to market changes, or pursue new investment strategies while staying with the same fund management company.(B)
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Apples are selling for .15 cents per apple. The amount you buy is 823 apples, and you decide to sell those apples for .75 cents per apple. What is the total revenue for selling these apples?
Answer:
123.45 cents
Explanation:
Revenue = price per unit x quantity sold
0.15 x 823 = 123.45
the efficient frontier has a concave shape (i.e. a bulging shape) because: group of answer choices it costs progressively more for every increment in quality levels quality is free at lower levels of quality greater levels of efficiency come at a steep cost but only for high-end segments there is a quadratic relationship between higher quality and efficiency
The efficient frontier has a concave shape (i.e. a bulging shape) because of the quadratic relationship between higher quality and efficiency. The efficient frontier is a graph that depicts the efficient combination of assets that gives investors the highest possible return for the lowest possible risk.
The efficient frontier has a concave shape because of the quadratic relationship between higher quality and efficiency. The quadratic relationship is such that costs progressively increase as quality levels increase. In simpler terms, it becomes increasingly more expensive to attain high levels of quality.
The efficient frontier has a bulging shape because of the higher levels of efficiency, which come at a steep cost but only for high-end segments. Quality is free at lower levels of quality. As a result, the shape of the efficient frontier is concave due to the quadratic relationship between higher quality and efficiency, making it progressively more expensive to attain high levels of quality.
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A poultry farmer is debating whether to acquire Rhode Island Reds or Buff Orpingtons to lay the eggs he wants to sell. The fixed costs for the Buffs would be $7500 and the variable costs per egg would be a dime per egg. The Reds would have a fixed cost of $6000 and a variable cost of fifteen cents. At what level of egg production would the poultry farmer be indifferent between Rhode Island Reds and Buff Orpingtons
Answer:
30,000
Explanation:
$7500 + 0.1x = $6000 + 0.15x
collect like terms and solve for x
$7500 - $6000 = 0.05x
x = 30,000
What information about the competition would an entrepreneur want to open a house-cleaning business that was based upon a price-competition marketing strategy?
Answer:
The information regarding the competition that an entrepreneur would like to have to establish a business based on a price competition with other companies would be, precisely, the price at which they offer their products or services, as well as the price at which they get the inputs they use.
Thus, through this information, the entrepreneur could establish a business plan taking into account the profit margins of his competition, evaluating lowering the margins of his venture in order to capture a large market share, removing it from the competition.
Interest payments on a loan can be a significant cost for a business. What happens if in a free market the demand for loans increases significantly?
In a free market, an increase in demand for loans can lead to higher interest rates due to the limited supply of loanable funds.
In a free market, interest rates are under pressure to rise if loan demand rises considerably. This is because there is a finite amount of money that can be borrowed, and lenders can raise interest rates on borrowers as demand for loans increases.
Higher interest rates may make borrowing more expensive for firms, which may discourage investment and impede economic expansion. As a result, companies could need to change how they approach borrowing, either by taking on less debt or looking for new funding options with lower interest rates.
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How does technology trends affect a pharmacy business?
Answer: Artificial Intelligence or Machine Learning.
Explanation:
Artificial Intelligence or Machine Learning offers multiple benefits such as data processing, enabling pharmacists to make quicker data-backed decisions, and improving customer service. With the Internet of Things, drug inventory management will be more accurate and faster; through device-to-device communication.
Select the best answer for the question.
Which of the following is not a step in the problem-solving procedure?
A. Use trial and error to find an answer.
B. Read the problem carefully.
C. Check your work.
D. Decide which operations to use.
Answer:
Your answer is A. Have a good day! :)
Explanation:
You are offered a trend report for purchase at $500. Last year you overbought T-shirts by 300 units at $5 each and had to donate them. If the trend report eliminates this overbuy, is it worth the price?
If the purchase of the trend report will eliminate the overbuy, it is worth the price.
The overbuy cost the company $1,500 last year. The cost of the trend report is $500. Though, the cost of under-supply could help in making better decisions.
Data and Calculations:
Cost of trend report = $500
Cost of T-shirts overbought = $1,500 (300 x $5)
Thus, if using the trend report eliminates the overbuy, it is certainly worth it.
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Answer: Yes. It is worth it
Explanation:
4. Identify the accounts affected by the following transaction and show action to take in recording
the accounts in the double entry system.
Transaction
Account to be
credited
Account to be
debited
(i) Owner put cash into business.
(ii) Bought goods for cash.
(iii) Sold goods for cash.
(iv) Received cash for rent.
FDM
(v) Owner withdraws cash from business
for personal use.
Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)