The following selected transactions were completed by Coat Delivery Service durning July: 1. Received cash in exchange for common stock, $35,00. 2. Purchased supplies for cash, $1,100. 3. Paid rent for October, $4,500. 4. Paid advertising expense. $900. 5. Received cash for providing delivery services, $33,000. 6. Billed customers for delivery services on account, $58,000. 7. Paid creditors on account, $2,900. 8. Received cash for customers on account, $27,500. 9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month. 10. Paid cash dividends, $2500. Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10), in column, and inserting at the right of each number the appropriate letter form the following list: a. Increase in the asset, decrease in another asset. b. Increase in and asset, increase in a liability. c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders' equity.

The statement that is true of consumer sovereignty is A. Consumers’ needs and wants dictate what goods and services producers provide.

Consumer sovereignty is the notion that the consumers are the predominant forces of the market economy and choose what products and services producers should provide in order to earn a profit.

In this way, if consumers cease buying something then the enterprises must conform their offers to fulfill the modified demand. This concept remains at the hub of economies based on the market and advances innovation and competition among firms.

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Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure,  and long-term business objectives.

Sole Proprietorship:

A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:

Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.

Complete control: The owner has full control over decision-making and business operations.

Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.

Partnerships:

Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:

Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.

Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.

Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.

Corporations:

Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:

Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.

Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.

Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.

It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.

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Answer:

......................

The overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.

We must divide the entire overhead expense by the total direct work hours for each unit in order to determine the predetermined overhead for each department. For the division of fabrication:

All direct labour hours for Fabrication divided by Fabrication overhead costs equals the overhead rate.

Overhead rate is $409,500 divided by [(1 hour per speedboat multiplied by 4,500 speedboats) + (three hours per bass boat multiplied by 4,500 bass boats)].

Overhead is calculated as 27,000 direct work hours x $409,500.

Cost of overhead is $15.17 per hour of direct labour

Regarding the Assembly division:

All direct labour hours for Assembly divided by Assembly overhead cost equals the overhead rate.

Overhead rate is equal to $259,875 divided by [(3 hours per speedboat times 4,500 speedboats) + (4 hours per bass boat times 4,500 bass boats)].

$259,875 in overhead divided by 31,500 hours of direct labour

Cost of overhead is $8.25 per hour of direct labour.

As a result, the overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.

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The only example of a S.M.A.R.T. financial goal is option A - "I will save a total of $500 for a mountain bike by placing $50 in a savings account each month beginning on May 1, 2023, and ending on February 1, 2024." Option A

When it comes to setting financial goals, it's important to make them S.M.A.R.T. - Specific, Measurable, Attainable, Relevant, and Time-bound. This ensures that you have a clear target to work towards and a plan to achieve it. Out of the given options,

This goal is specific as it clearly outlines the amount to be saved and the purpose of the savings. It is measurable as the goal is broken down into smaller monthly savings targets. It is attainable as the amount to be saved each month is reasonable and fits within the individual's budget. It is relevant as the savings are going towards a specific item that the individual desires. Finally, it is time-bound as it has a clear start and end date.

Setting S.M.A.R.T. financial goals is an important step towards achieving financial success. It's crucial to remember that goals should be personalized to fit your individual circumstances and priorities. By setting achievable goals, creating a plan, and sticking to it, you can take control of your finances and work towards a brighter financial future. Option A

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Answer: Im not sure I fully understand what is being asked, but when prepairing food for guests, special care must be taken when prepairing raw meats. Sanitation is vital when it comes to mixing raw meats and veggies.

Explanation:

The event at which special care should be taken when preparing food for the guests is at every event when guests must eat food.

Special occasions are used to mark important events in the life of the hosts and guests.  Food is always prepared and offered at such special events.

The different tastes and preferences of guests must be considered, especially with regard to the use of spices and seasonings.

At every event, where guests are expected to participate in the prepared food, utmost care must be taken to ensure:

Thus, the event where special care must be taken when preparing the food for the guests is every event where guests are expected to eat some food.

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The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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Answer:

4

Explanation:

Answer:

7:6

Explanation:

A company lost $30,000 in scrap and rework

They spent $35,000 in prevention related activities

Therefore the ratio of prevention cost to failure cost can be calculated as follows

= 35,000/30,000

= 7:6

Hence the ratio of the prevention cost to failure cost is 7:6

answer is attached to this ☝️☝️☝️☝️

hope it helps you

Answer:

Explanation:

a) To graph planned expenditure as a function of income, we need to use the Keynesian cross model. In this model, the planned expenditure (E) is equal to the sum of consumption (C) and planned investment (I), and is represented by the equation E = C + I. Given the consumption function C = 200 + 0.75*(Y - T) with T = 100 and I = 100, we can write the planned expenditure function as follows:

E = C + I

E = (200 + 0.75*(Y - 100)) + 100

E = 300 + 0.75Y - 75

E = 225 + 0.75Y

To graph this function, we plot E on the vertical axis and Y on the horizontal axis. The intercept on the vertical axis is 225, and the slope of the line is 0.75. The graph is a line that starts at the point (0, 225) and has a slope of 0.75.

b) To find the equilibrium level of income, we need to set planned expenditure equal to actual expenditure, which is equal to income (Y) in the Keynesian cross model. Thus, we have:

Y = E

Y = 225 + 0.75*Y

Solving for Y, we get:

Y = 900

Therefore, the equilibrium level of income is 900.

c) If government purchases increase to 125, the new planned expenditure function becomes:

E = C + I + G

E = (200 + 0.75*(Y - 100)) + 100 + 125

E = 425 + 0.75*Y

To find the new equilibrium income, we set planned expenditure equal to income (Y) again:

Y = E

Y = 425 + 0.75*Y

Solving for Y, we get:

Y = 1,300

Therefore, the new equilibrium income is 1,300. The multiplier for government purchases is given by:

Multiplier = 1/(1 - MPC)

where MPC is the marginal propensity to consume. In this case, MPC = 0.75, so the multiplier is:

Multiplier = 1/(1 - 0.75) = 4

d) To find the level of government purchases needed to achieve an income of 1,600, we need to use the government purchases multiplier formula:

Change in Y = Multiplier * Change in G

The "..." increase in income is 1,600 - 900 = 700. We want to know by how much government purchases must change to get this increase in income. We can rearrange the formula to solve for the change in government purchases:

Change in G = Change in Y / Multiplier

Change in G = 700 / 4

Change in G = 175

Therefore, the level of government purchases needed to achieve an income of 1,600 is 100 + 175 = 275. Taxes remain at 100 in this case.

Answer & Explanation: Commission: This is a percentage earned on total sales. Using a health insurance company as an example, brokers earn commission on premium received by the company.

Depreciation: This relates to the wear and tear of an asset. The health insurance company fixed assets such as motor vehicle, furniture and equipments will be depreciated and expensed periodically.

Simple and compound interest rates: Simple interest rate is a rate charged directly on the principal amount deposited. If the health insurance company decides to invest in fixed income or call deposits with a bank for a period of 1 year. The bank can put a specific rate that will be paid to the company as an interest earned.

Compound interest rate on the other hand is beneficial to the financier. It is a rate charged on both the principal amount and the interest earned. For instance if the company decides to take a loan with the bank, the bank can charge a compound interest rate.

The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.

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The remedies available to American companies to combat violations of intellectual property rights are

1. Register a complaint with the U.S. government and World Trade Organization.

2. Register IP with appropriate agencies in the host country.

3. Negotiate and pursue alternative methods of resolving disputes.

4. Notify the local authorities.

Intellectual property rights refer to the legal rights given to individuals or companies to protect their original creations, such as inventions, literary and artistic works, and symbols.

One remedy available to American companies is to register a complaint with the U.S. government and World Trade Organization.

By registering their property rights, companies can ensure that their creations are protected under the law and can take legal action if necessary.

Negotiating and pursuing alternative methods of resolving disputes is also an option. Companies can seek to resolve the issue through negotiation, arbitration, or mediation.

Finally, notifying the local authorities can also be an effective remedy. By reporting the infringement to the relevant authorities, companies can seek their assistance in enforcing their property rights.

Therefore, all the options are correct.

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Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

Option (C), The number of network TV viewers has decreased over time. Instead, they choose from among hundreds of possibilities and intensely individualize their media intake.

The term "audience fragmentation" refers to the distribution of viewers throughout various media. Traditional media organizations, including broadcast networks, have long been concerned that changes in technology and legislation may reduce the value of their viewers and increase competition.

The term "horizontal variety," which is also referred to as "audience fragmentation," refers to the distribution of audiences across content possibilities or available channels (Napoli, 2003). Most of the responsibility for the growing audience fragmentation in television may be placed on the proliferation of television networks and programming options.

Advertising has a harder time connecting with a dispersed audience. Understanding the factors that affect audience fragmentation may be essential for marketers trying to reach a certain consumer segment as well as programmers making entertainment aimed at different demographics.

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Richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings.

Richard is unambitious and prefers spending most of his time by himself. His colleagues consider him aloof and insecure. He finds it difficult to work under high pressure and often blames his colleagues. According to the Big Five personality dimensions, Richard's personality is low in agreeableness.

Uber Technologies was founded in 2009 and quickly rose to become the world's most valuable startup. The company has now acquired several of its competitors in various industries, including Lime and Postmates. What began as a solution to a widespread problem turned out to be an absolute goldmine for the entrepreneurs who made it possible. 1. Airbnb (Pinterest)

Airbnb is without a doubt one of the most inspiring startup success stories.

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While no one can predict the future direction of interest rates, examining the "duration" of each bond, bond fund, or bond ETF you own provides a good estimate of how sensitive your fixed income holdings are to a potential change in interest rates.

A specific kind of fixed-income instrument called a "green bond" is designated to raise funds for projects related to the environment and the climate. These bonds often have the same credit rating as their issuers' other financial obligations because they are typically asset-linked and backed by the issuing entity's balance sheet .The names "green bonds" and "climate bonds," which date from the first decade of the twenty-first century, are not necessarily interchangeable. Green bonds represent a broader category of instruments relating to projects with a beneficial environmental impact, whereas climate bonds are especially used to finance initiatives that cut carbon emissions or mitigate the consequences of climate change.

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Explanation:

Quality. There's often a correlation between cost

and quality. The more expensive the product, the

better the quality. Regardless of price, there is

still a predetermined, agreed level of quality

and you want to sure that your expectations

met.

Answer: it wants to increase the value of goods and services it produces.

Explanation:

just took test

Answer:

Explanation:

An actuary compiles and analyzes statistics and uses them to calculate insurance risks and premiums. Mehmud and associates created the tool, called “Wakely Risk Insight,” to aid the consulting firm’s clients.

The effects of transactions (a) through (f) are recorded in the following T-accounts in the books of Bailey Delivery Company, Inc.

Cash

Account Titles                       Debit    Credit

Common stock                  $12,000

Additional Paid-in Capital $70,000

Delivery Trucks                               $6,000

Delivery Trucks                               $2,300

Notes Receivable

Account Titles                       Debit    Credit

Land                                    $6,000

Delivery Trucks

Account Titles                       Debit    Credit

Cash                                      $6,000

Long-term Notes Payable $22,000

Cash                                                  $2,300

Land

Account Titles                       Debit    Credit

Short-term Notes Payable   $24,000

Notes Receivable                             $6,000

Short-term Notes Payable

Account Titles                       Debit    Credit

Land                                                  $24,000

Long-term Notes Payable

Account Titles                       Debit    Credit

Delivery Trucks                               $22,000

Common Stock

Account Titles                       Debit    Credit

Cash                                                 $14,000

Additional Paid-in Capital

Account Titles                       Debit    Credit

Cash                                                 $70,000

Data Analysis:

a. Cash $84,000 Common Stock $14,000 Additional Paid-in Capital $70,000

b. Land $24,000 Short-term Notes Payable $24,000

c. Delivery Trucks $28,000 Cash $6,000 Long-term Notes Payable $22,000

d. Delivery Trucks $2,300 Cash $2,300

e. Notes Receivable $6,000 Land $6,000

f. No effect

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Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.

When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.

This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.

Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Customers might sometimes describe contradictory needs.

A. A customer's needs can sometimes be confusing.

B. Customers might sometimes give vague descriptions.

C. Customers sometimes describe needs that oppose each other.

D. Some customers are extremely thorough in describing their needs.

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There are 4 main types of business communication in any organization or business i.e

Types of business communication

1. Internal Business Communication

Internal Business Communication means communication that occurs among the members of the organization. This communication includes both formal and informal communication. Also, different departments that transmit communication by different means to employees come under internal communication. Internal communication should be effective as it is a vital source of viewing and representing organizational issues. Effective internal business communication may increase job satisfaction levels, productivity, and the efficiency of employees by decreasing their turnover and grievances and helping in increasing profits.

It is further categorized as internal (upward) communication and internal (downward) communication.

a. Internal (Upward) Communication: This type of internal communication involves the bottom-to-the-top management approach. Here, the information flows from subordinates to managers or any person that is at the upper in the hierarchy level.

b. Internal (Downward) Communication: In downward communication, the information flows from the top-level management to the employees in an organization. This information is related to passing on instructions to subordinates or employees to do their respective tasks. Downward communication is being used by managers to communicate different goals, procedures and policies, guidelines, decisions, instructions, etc. to their subordinates.

2. Horizontal/Lateral Business Communication

Lateral or horizontal communication is related to communication among co-workers i.e. either verbal communication or written communication. This may include inter-departmental communication or communication between cross-departments and can be between people of the same or similar rank in a company. This is crucial communication to achieve the desired results. So, this communication happens among employees having an equal hierarchy level. To achieve the functional effectiveness of different organizational units, horizontal or lateral communication is required for seeking mutual cooperation and mutual help.

3. External Business Communication

Communication with people who are external to the organization is known as external business communication. These people can be customers or shareholders or suppliers or partners or regulatory bodies, etc.

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Answer:false

Explanation:

Doctors tuition is more expensive bc they learn more.

Answer:

That is false

Explanation: I had this same question for an exit ticket.

Answer: Follow up with the customer after an appropriate amount of time

Explanation:

The manufacturing overhead is calculated by taking all the costs that are incurred directly for the manufacturing process of goods.

Costs incurred are as follows:

Direct labor $90,000  

Indirect Material $5,000

Depreciation factory building $20,000

Utilities (Factory) $2,500

Direct Materials $106,000

Factory $,7000

Total Manufacturing Overhead = $230,500

Therefore the answer to the question is $230,500

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My advice to the owners of ABC Company concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a compulsory annual leave policy. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these pieces of advice, they would improve internal controls without offending the hardworking former office manager.

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Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.

Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.

Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.

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What are unions? What are their roles and policies?

Answer

$92.225

Explanation

Straight pay is calculated by multiplying the hourly rate by the number of hours you worked.  11.90dollars by 7.75 equals 92.225dollars.