Answers
Answer:
D minimizes the cost
Explanation:
the production method that minimizes cost for a given level of output.
Related Questions
For each of the following, identify whether the transaction results in a DTA, DTL, or permanent difference. Group of answer choices Expenses incurred in obtaining tax exempt income [ Choose ] Estimated warranty costs accrued. [ Choose ] Excess of tax depreciation (MACRS) over straight line depreciation expense. [ Choose ] Rent prepaid by a lessee. [ Choose ] Unearned revenue. [ Choose ]
Answers
in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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nancy tercek started a delivery service tercek deliveries on june 1 2022 the following transactions occurred during the month of june
Answers
a) The effects of the transactions using the accounting equation format are as follows:
Date Assets = Liabilities + Equity
June 1 Cash $10,000 Common Stock $10,000
June 2 Delivery Van $14,000 Notes Payable $12,000
Cash - $2,000
June 3 Cash - $2,000 Rent Expense -$2,000
June 5 Accounts Receivable $4,800 Service Revenue $4,800
June 6 Cash -$300 Dividends -$300
June 12 Supplies $150 Accounts Payable $150
June 15 Cash $1,250
Accounts Receivable -$1,250
June 17 Accounts Payable $100 Gasoline -$100
June 20 Cash $1,500
Accounts Receivable -$1,500
June 23 Cash -$500 Notes Payable -$500
June 26 Cash -$250 Utilities Expense -$250
June 29 Cash -$100 Accounts Payable -$100
June 30 Cash -$1,000 Salaries Expense -$1,000
What is the format of the accounting equation?The accounting equation format or model is Assets = Liabilities + Equity.
b) Tercek Deliveries
Income Statement for the month of June 30
Service Revenue $4,800
Rent Expense 2,000
Gasoline Expense 100
Utilities Expense 250
Salaries Expense 1,000 $3,350
Net income $1,450
c) Tercek Deliveries
Balance Sheet for the month of June 30
Assets:
Cash $6,600
Accounts Receivable 2,050
Supplies 150
Delivery Van 14,000 $22,800
Liabilities:
Notes Payable $11,500
Accounts payable 150 $11,650
Equity:
Common Stock 10,000
Retained earnings ($1,450 - $300) 1,150
Total equity $11,150
Total liabilities + equity $22,800
Data and Calculations:Summary of balances or Trial Balance:
Account Titles Debit Credit
Cash $6,600
Accounts Receivable 2,050
Supplies 150
Delivery Van 14,000
Notes Payable $11,500
Accounts payable 150
Common Stock 10,000
Service Revenue 4,800
Rent Expense 2,000
Dividends 300
Gasoline Expense 100
Utilities Expense 250
Salaries Expense 1,000
Totals $26,450 $26,450
Question Completion with Transaction Analysis:
June 1 Cash $10,000 Common stock $10,000
June 2 Delivery Van $14,000 Cash $2,000 Note payable$12,000
June 3 Rent Expense $500 Cash $500
June 5 Accounts Receivable $4,800 Service Revenue $4,800
June 6 Dividends $300 Cash $300
June 12 Supplies $150 Accounts Payable $150
June 15 Cash $1,250 Accounts Receivable $1,250
June 17 Gasoline $100 Accounts Payable $100
June 20 Cash $1,500 Accounts Receivable $1,500
June 23 Notes Payable $500 Cash $500
June 26 Utilities Expense $250 Cash $250
June 29 Accounts Payable $100 Cash $100
June 30 Salaries Expense $1,000 Cash $1,000
Instructions:
a. Show the effects of the previous transactions on the accounting equation using the table format. Include margin explanations for any changes in stockholders' equity in your analysis.
b. Prepare an income statement for the month of June,
c. Prepare a balance sheet at June 30, 2022.
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Read Chief Justice Taney's decision on the Dred Scott case (Major Problems, Ch. 13)explain how his decision impacted African Americans all over the United States.How do you think this decision affected abolitionists and supporters of slavery?
Answers
Chief Justice Taney's decision on the Dred Scott case had a significant impact on African Americans all over the United States. In his decision, Taney ruled that African Americans, whether free or enslaved, could not be considered citizens of the United States and therefore had no right to sue in federal court.
He also declared that Congress did not have the power to prohibit slavery in any territory, effectively nullifying the Missouri Compromise of 1820.
This decision further entrenched the institution of slavery in the United States and made it clear that the federal government would not protect the rights of African Americans. It also gave slaveholders the legal right to take their slaves into any territory, including those where slavery had previously been prohibited.
For abolitionists, Taney's decision was a severe blow to their cause. It undermined their efforts to end slavery and made it clear that the federal government was not on their side. For supporters of slavery, the decision was a victory, as it affirmed their belief in the legality and morality of slavery.
In summary, Chief Justice Taney's decision in the Dred Scott case had far-reaching consequences for African Americans and the institution of slavery in the United States. It strengthened the position of slaveholders and undermined the efforts of abolitionists to end slavery, perpetuating the injustice and inequality that would eventually lead to the Civil War.
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Campbell Corporation’s balance sheet indicates that the company has $540,000 invested in operating assets. During Year 2, Campbell earned operating income of $58,320 on $1,080,000 of sales.
Required
A. Compute Campbell’s profit margin for Year 2. (round to 1 decimal place)
B. Compute Campbell’s turnover for Year 2.
C. Compute Campbell’s return on investment for Year 2. (round to 1 decimal place)
D. Recompute Campbell’s ROI under each of the following independent assumptions:
(1) Sales increase from $1,080,000 to $1,296,000, thereby resulting in an increase in operating income from $58,320 to $64,800.
(2) Sales remain constant, but Campbell reduces expenses, resulting in an increase in operating income from $58,320 to $60,480.
(3) Campbell is able to reduce its invested capital from $540,000 to $432,000 without affecting operating income.
Answers
The Profit margin for year 2 will be 5.4%.
The turnover for year 2 is 2 times.
How to calculate the valuea)Profit marginfor year 2 = (Operating income/Sales*100) = $58320 / 1080000
= 5.4%
b)Turnover for year 2 = Sales / Operating assets = $1080000 / 540000 = 2times
C) ROI f = 5.4%*2 = 10.8%
d.1) ROI = $64800/$540000=12%
d.2) ROI = $60480/$540000=11.2%
d.3) ROI = $58320/$432000=13.5%
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Which is NOT an expense account?
Answers
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.
Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Compute the price of the bonds for these maturity dates: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)
Answers
The question is incomplete as the maturity dates are missing. The complete question is as follows,
Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Compute the price of the bonds for these maturity dates:
a. 40 years
b. 17 years
c. 8 years
(Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)
Answer:
a.
Bond Price = $1716.084065 rounded off to $1716.08
b.
Bond Price = $1603.90355 rounded off to $1603.90
c.
Bond Price = $1411.68982 rounded off to $1411.69
Explanation:
To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.
a. 40 Years
Coupon Payment (C) = 1000 * 0.19 = $190
Total periods remaining (n) = 40
r or YTM = 0.11 or 11%
Bond Price = 190 * [( 1 - (1+0.11)^-40) / 0.11] + 1000 / (1+0.11)^40
Bond Price = $1716.084065 rounded off to $1716.08
b. 17 Years
Coupon Payment (C) = 1000 * 0.19 = $190
Total periods remaining (n) = 17
r or YTM = 0.11 or 11%
Bond Price = 190 * [( 1 - (1+0.11)^-17) / 0.11] + 1000 / (1+0.11)^17
Bond Price = $1603.90355 rounded off to $1603.90
c. 8 Years
Coupon Payment (C) = 1000 * 0.19 = $190
Total periods remaining (n) = 8
r or YTM = 0.11 or 11%
Bond Price = 190 * [( 1 - (1+0.11)^-8) / 0.11] + 1000 / (1+0.11)^8
Bond Price = $1411.68982 rounded off to $1411.69
When planning a procurement, it is useful to ______________.
Answers
Answer & Explanation: When planning a procurement, it is useful to at least conduct a make or buy analysis which aids in determining the most cost effective approach, to consult and liaise with in-house experts in the departments of procurement, human resource, and legal, and also to insure the sponsor of the project signs off on the procurement plan. The goal of procurement planning is to increase the transparency and predictability of the procurement process while also deciding on what to buy, when and from what source.
explain the meaning of an action plan
Answers
Answer:
An action plan is a document that lists what steps must be taken in order to achieve a specific goal
Answer:
An action plan is a comprehensive plan on how to reach a goal
Explanation:
It assists in improving teamwork planning and is a key step in the process of the planning process. Action plans can be used by people to create a strategy for achieving their own personal goals in addition to project management.
Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4]
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February:
Fixed Component
per Month Variable
Component per Job Actual Total
for February
Revenue $ 275 $ 38,500
Technician wages $ 8,100 $ 7,950
Mobile lab operating expenses $4,800 $ 33 $ 9,590
Office expenses $ 2,400 $ 2 $ 2,550
Advertising expenses $1,590 $ 1,660
Insurance $ 2,850 $ 2,850
Miscellaneous expenses $ 960 $ 2 $ 565
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $9,590. The company expected to work 150 jobs in February, but actually worked 160 jobs.
Required:
Prepare a flexible budget performance report showing AirQual Test Corporation’s revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Answers
Answer:
AirQual Test Corporation
Flexible Budget Performance Report for February:
Fixed Variable Flexible Actual
Component Budget Total
Revenue $ 275 $38,500 $ 38,500 0 None
Technician wages $ 8,100 $8,100 $ 7,950 150 F
Mobile lab operating
expenses $4,800 $ 33 $10,080 $ 9,590 490 F
Office expenses $ 2,400 $ 2 $2,720 $ 2,550 170 F
Advertising expenses $1,590 $1,590 $ 1,660 70 U
Insurance $ 2,850 $2,850 $ 2,850 0 None
Miscellaneous expenses $ 960 $ 2 $1,280 $ 565 715 F
Explanation:
Fixed Component Variable Budget Actual
Revenue $ 275 $41,250 $ 38,500
Technician wages $ 8,100 $8,100 $ 7,950
Mobile lab operating
expenses $4,800 $ 33 $9,750 $ 9,590
Office expenses $ 2,400 $ 2 $2,700 $ 2,550
Advertising expenses $1,590 $1,590 $ 1,660
Insurance $ 2,850 $2,850 $ 2,850
Miscellaneous expenses $ 960 $ 2 $1,260 $ 565
b) Variable elements for the flexible budget:
1) Mobile lab operating expenses = $4,800 + ($33 x 160) = $10,080
2) Office Expenses = $2,400 + ($2 x 160) = $2,720
3) Miscellaneous expenses = $960 + ($2 x 160) = $1,280
c) A flexible budget is a budget that is flexed with regard to the volume of activity, with respect to the variable elements. This budget type changes in value as a result of the changes in the volume of activity. It is different from a static budget, which does not change in value following the level of activity and does not account for changing incomes and expenses.
If the production function is Q = K.5L.5 and capital is fixed at 9 units, then the marginal product of labor when L = 49 is
A. 9/98
B. 1/14
C. 3/14
D. 3
Answers
If the production function is Q = K.5L.5 and capital is fixed at 9 units, then the marginal product of labor when L = 49 is 3/14. Hence, option C is correct.
What is marginal product?The change in output caused by a unit or infinitesimal change in the quantity of a production factor, while leaving all other input consumption in the production process constant, is commonly characterized as the marginal product of that factor.
The excess production produced as a result of an increase in the company's input is known as its marginal product. It is also known as MPP, or marginal physical product. Practically speaking, this might refer to the extra doughnuts made in a donut shop if they hire a second worker.
Thus, option C is correct.
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Finley Company
End-of-Period Spreadsheet
For the Year Ended December 31
Adjusted Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit
Cash 16,000 16,000
Accounts Receivable 6,000 6,000
Supplies 2,000 2,000
Equipment 19,000 19,000
Accumulated Depr. 6,000 6,000
Accounts Payable 10,000 10,000
Wages Payable 2,000 2,000
Common Stock 5,000 5,000
Retained Earnings 11,640 11,640
Dividends 1,000 1,000
Fees Earned 40,291 40,291
Wages Expense 20,072 20,072
Rent Expense 5,057 5,057
Depreciation Expense 5,802 5,802
Totals 74,931 74,931 30,931 40,291 44,000 34,640
Net Income (Loss) 9,360 9,360
40,291 40,291 44,000 44,000
The ending balance of retained earnings is
a. $16,640
b. $0
c. $9,360
d. $20,000
Answers
Explain the technique to make change in counter transactions correctly.
Answers
Answer:
The correct ways to prepare a customer's change over the counter are:
Explanation:
1. In the cash drawer, store each denomination together in a section
2. As you receive cash, straighten them out and arrange them uniformly. Let every bill be faced in the same direction.
3. Deduct the total price of goods bought from the total amount handed to you by the customer.
4. The result from the above calculation is the customer's change.
5. Peek into the cash drawer and neatly pick out the notes or bills that make up this amount.
6. Carefully replace the shifted bills or coins in the drawer.
7. Place your hands on the desk or in sight of the customer and count the change for them to see.
8. Hand it over to the customer!
If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact
Answers
Answer:
mutual fund
Explanation:
Mutual funds are investment plans that involve investors buy shares in a basket of financial securities. A mutual fund manager pool resources from investors and skillfully invests them in a portfolio comprising stock, bonds, and other short term financial securities. Each unit of a mutual fund is made up of smaller units of equities and financial securities of different companies. The mutual fund manager professionally selects the securities that make up the portfolio.
The following are data on three promissory notes. Determine the missing amounts. (Round answers to 0 decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest (a) April 1 60 days select a maturity date $630,000 5 % $enter a dollar amount (b) July 2 30 days select a maturity date 86,400 enter percentages % $576 (c) March 7 6 months select a maturity date 136,800 9 % $enter a dollar amount
Answers
Answer:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156
Explanation:
Calculation to Determine the missing maturity dates and Total interest and rates on notes.
Date of Note Terms Maturity Date Principal Annual Interest rate Total Interest
a. 01-Apr 60 days 31-May $630,000 5% $5,250
b. 02-Jul 30 days 02-Aug 86,400 8% $576
c. 07-Mar 6 months 07-Sep 136,800 9% $6,156
Working:
A. Calculation for Total Interest and Maturity Date
Total Interest= $630,000 x 5% x 60 days / 360 days
Total Interest = $5,250
Maturity Date
April 2-30 29
May 1-31 31
Total 60 days
B. Calculation for Annual Interest rate and Maturity date
First step is to calculate the 360 days Interest
360 days Interest = $576 x 360 days / 30 days
360 days Interest = $6,912
Now let calculate the Annual interest rate
Annual interest rate = ($6,912 / 86,400) x 100
Annual interest rate= 8%
Maturity Date
July 3-31 28
August 1-2 2
Total 30 days
C. Calculation for Total Interest and Maturity date
Total Interest = 136,800 x 9% x 6 months / 12 months
Total Interest =$6,156
Maturity date
March 8 to April 7 1
April 8 to May 7 1
May 8 to June 7 1
June 8 to July 7 1
July 8 to August 7 1
August 8 to Sep 7 1
Total 6 months
Therefore the missing maturity dates and Total interest and rates on notes are:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156
What is supply and demand?
Answers
Answer:
Supply and demand is an interection between the sellers of a product and the people who want to buy that product. Price is affected by supply and demand in a market. Supply and demand is affected by technology and working conditions.
Demand and supply can be graphed to calculate the best price for a product. The space where the 2 lines meet is the equilibrium price.
An internet company gives their old computer system to the computer science
department at a local high school. How would GDP be impacted?
A. GDP would decrease.
B. GDP would increase
C.GDP would stay the same.
Answers
Answer:
Explanation:
The formula for GDP is
GDP = C + I + G + NX
C = consumption
I = Investment by business and household purchases by individuals
G = Government Expenditures
NX = foreign trade.
The first thing you can do is knock out foreign trade.
I think you can dispense with Government expenditures as well all though a school is an arm of government.
I think investment is what you have to look at carefully because it does include charitable organizations. We'll come back to this.
Consumption is what it sounds like it sounds.
You can't answer this in any other way than to know how the company writes it off. It is an asset that goes from some value to 0. It no longer exists on their books. So it decreases their assets. It is balanced on their books by calling it an expense I think and that further has impact on their books.
So they are decreasing their value (albeit by a small amount -- they've already bought new computers).
I'm not sure about this, but I think what has happened is that the GDP is going to go down. Their investment has decreased by being written off.
Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
Answers
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Overhead
Measures Cost Product Z9 Product N0 Total
Labor-related DLHs $328,018 6,800 3,400 10,200
Product testing tests 47,747 600 700 1,300
Order size MHs 473,108 4,400 4,700 9,100
$848,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:______.
a. $28.88 per DLH.
b. $48.81 per DLH.
c. $53.94 per DLH.
d. $431.44 per DLH.
Answers
Answer:
Privott, Inc.
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:______.
$32.16
Explanation:
a) Data and Calculations:
Estimated Expected Activity
Activity Overhead
Measures Cost Product Z9 Product N0 Total
Labor-related DLHs $328,018 6,800 3,400 10,200
Product testing tests 47,747 600 700 1,300
Order size MHs 473,108 4,400 4,700 9,100
$848,873
The activity rate for the Labor-Related activity cost pool:
= Labor Overhead Cost divided by Total Direct Labor Hours
= $328,018/10,200
= $32.16
H&R Block Tax Service is an example of which type of business.
a. Manufacturing
b. Wholesale
Retail
d. Service
Answers
Answer:
Service
Explanation:
Question 1: Critique the case from a leadership, internal and external communication with stakeholders, and barriers to communication point of view.
Answers
A general view from the leadership, internal and external communication with stakeholders has been provided
The leadership, internal and external communication with stakeholdersLeadership:
Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.
Internal communication with stakeholders:Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.
External communication with stakeholders:
External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.
Barriers to communication:Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.
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If consumers start saving more rather than spending, what is most likely to happen? A Decrease in Savings, B Increase in the real interest rate, C Decrease in the Supply of loanable funds, D Decrease in the real interest rate
If the Federal Reserve institutes Contractionary Policy, which of the following is most likely to increase? A Interest rates ,B Gross Domestic Product ,C Government spending , D Tax rates
Answers
If consumers start saving more rather than spending, the most likely outcome would be a decrease in the real interest rate (option D).
If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A).
What happens If consumers start saving more rather than spendingThis happens because an increase in savings means that there is more supply of loanable funds in the market, which can lead to a decrease in the cost of borrowing and, consequently, a decrease in the real interest rate.
What happens if Federal Reserve institutes Contractionary PolicyIf the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A). Contractionary policy is designed to reduce the money supply and slow down economic growth to combat inflation.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
c. Antonio earns $275 per week working for Spotless Car Wash.
Answers
Answer:
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
c. Antonio earns $275 per week working for Spotless Car Wash.The following scenario occurs in the given markets-
Market for goods and services:
Caroline spends $10 to get her car washed.Antonio spends $150 to purchase a necklace from Classy's jewelry Store.Market for factors of production:
Antonio earns $275 per week working for Spotless Car Wash.Factor inputs are traded on the market for factors of production. The households provide the enterprises with the necessary production inputs. In exchange, the companies give them significant payments.
The companies generate a range of goods and services and offer them on the market for goods and services using factor inputs. The households pay for these goods and services and reimburse the companies.
Here, Antonio is providing his factor services to spotless car wash and earning factor income in return. So he/she is operating in the market for factors of production.
Antonio is purchasing a necklace which is a final good and paying for it. So he/she is operating in the market for goods and services.
Caroline is spending to get her car washed which is a final service. So she is operating in the market for goods and services.
What is market for goods and services?The place where the commodities and services created by businesses are purchased is known as the market for goods and services.
Businesses offer goods and services and consumers purchase products and services in the markets for commodities and services. Money moves in the opposite direction from products.
Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange goods and services.
What is market for factors of production?A market where the means, or factors, of production, are exchanged is known as a factor market. Input market is another name for the factor market. Usually, businesses will purchase and sell the resources they require in order to generate the goods and services that go to their customers.
Factor prices, which are paid in factor payments, are the costs associated with purchasing resources from the factor market by businesses or individuals. Additionally, product markets—where finished goods or services are offered to end users—are distinct from factor markets. In contrast to the factor market, where transactions are frequently between businesses, those in the product market are frequently between businesses and individuals.
It's also crucial to keep in mind that the labour market is a specific kind of factor market since, like any other input, people are resources needed to produce finished commodities or services.
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*SEO and SEM are key tech industry acronyms that have become vital parts of the accounting professionalâs operating toolkit. True or False
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It is false that SEO and SEM are important technology industry acronyms that have become a vital part of an accountant's operating toolkit.
What does accounting professional mean?The term accountant refers to a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. CPA works with accounting firms or internal accounting departments of large companies.
Accountants support corporate strategy, advising and helping businesses reduce costs, improve profitability, and mitigate risk. As directors, accountants represent the interests of company owners (that is, shareholders of public companies).
What types of accounting profession are there?There are following types of accounting jobs: Management Accountant.. Investment Accountant. Staff Accountant. Project Accountants. Forensic Accountant. Certified Public Accountant. Cost Accountant. Auditor
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What taxes in a paycheck will be exempted for a minor?
Answers
Answer:
0$
Explanation:
Answer:
Generally, if a minor's income does not exceed the standard deduction he or she will not be required to file a tax return. If the above scenario is true, then the minor can check the box on Form W-4 that classifies he or she as exempt from withholding.
Explanation:
Match the term with the appropriate definition.
1. spreadsheet
2. invoice
3. row
4. data
5. function
a statement you submit to get paid
for a product or service
software used to work with
numbers and financial information
information that is stored
a built-in formula in a spreadsheet
a horizontal set of data in a
spreadsheet
Answers
The terms can be matched with the appropriate definition as ;
A statement you submit to get paid for a product or service ( invoice)A software used to work with numbers and financial information( spreadsheet)Information that is stored (data )A built-in formula in a spreadsheet (function)A horizontal set of data in a spreadsheet (row)What are the terms ?A spreadsheet can be described as the tool that is used to store, as well as analyze data and can beseen to have been organized in a series of rows and columns .
invoice can be described as the statement that is needed to express what you are been paid for in term of product or service.
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If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce. (Express answer in dollars and cents. Round to the nearest cent.)
Answers
As per the concept of Currency exchange, If the item is 2 dollar 50 cents for 15 ounces, then it is 5 dollar 70 cents per ounces.
Currency exchange:
Currency exchange refers the licensed business that allows customers to exchange one currency for another.
Given,
If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce.
Now, we have to express the value in dollars and cents.
Basically, we know that,
1 dollar = 100 cents.
But here we have to convert only the decimal value in the price,
So, we have to take the decimal values in it,
Then we get,
.49 and .7.
Now, we have to multiply 100 with this value in order to convert it into cent,
=> .49 x 100 = 49 cents
When we round off it then we get 50 cents.
=> .7 x 100 = 70 cents.
Therefore, it can be expressed as, 2 dollar 50 cents and 5 dollar and 70 cents.
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Brainstorm the ways in which GARP can impact on the management and success of a sports organisation by explaining it first and then identifying the roles and functions which it should play within the sports organisation
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Answer:
GARP, which stands for Governance, Accountability, Risk Management, and Performance, encompasses key principles and practices that can greatly impact the management and success of a sports organization. Here are the ways in which GARP can influence and the roles and functions it should play within a sports organization:
1. Governance:
- GARP emphasizes the importance of having effective governance structures and processes in place within the sports organization.
- It involves establishing clear lines of authority, decision-making frameworks, and transparent communication channels.
- GARP ensures that the organization has a well-defined governance structure, including a board of directors or management committee responsible for setting strategic direction, overseeing operations, and ensuring compliance with regulations.
- The role of GARP in governance is to provide guidance on ethical conduct, promote transparency, and ensure accountability at all levels of the organization.
2. Accountability:
- GARP emphasizes the need for accountability within a sports organization, holding individuals and teams responsible for their actions and decisions.
- It involves implementing systems and processes to track performance, measure results, and report on progress.
- GARP ensures that the organization sets clear goals and objectives, establishes key performance indicators (KPIs), and holds individuals accountable for achieving them.
- The role of GARP in accountability is to provide frameworks for performance measurement, establish reporting mechanisms, and foster a culture of responsibility and ownership within the organization.
3. Risk Management:
- GARP highlights the importance of identifying and managing risks that can impact the sports organization's operations, reputation, and financial stability.
- It involves assessing potential risks, developing mitigation strategies, and implementing controls to minimize the likelihood and impact of adverse events.
- GARP ensures that the organization has a robust risk management framework in place, including policies, procedures, and monitoring mechanisms.
- The role of GARP in risk management is to provide guidance on risk identification, analysis, and mitigation, as well as ensuring compliance with legal and regulatory requirements.
4. Performance:
- GARP emphasizes the need for measuring and improving performance within a sports organization to achieve strategic objectives.
- It involves setting performance targets, regularly evaluating progress, and implementing strategies to enhance performance.
- GARP ensures that the organization establishes performance metrics aligned with its mission and strategic goals.
- The role of GARP in performance management is to provide frameworks for performance evaluation, facilitate continuous improvement, and align individual and team efforts with organizational objectives.
Overall, GARP plays a crucial role in shaping the management and success of a sports organization by establishing effective governance structures, promoting accountability, managing risks, and driving performance. It provides guidance and frameworks to ensure that the organization operates ethically, transparently, and efficiently, ultimately contributing to its long-term sustainability and achievements.