3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register. The purchase is documented by having the store employee write on a piece of paper a description of the item that was purchased and the amount that was paid. The employee then signs the paper and puts it in the register. (a) Weakness: select a weakness select a weakness Principle: select a principle select a principle (b) Recommended Change:
Answers
Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Related Questions
The Chewbacca Starship Company had the following transactions during the month of December:
a. purchased inventory on account for $230,000 (assume Chewbacca uses a perpetual inventory system)
b. paid $57,000 in salaries to employees for work performed during the month
c. sold merchandise that cost $154,000 to credit customers for $285,000
d. collected $265,000 in cash from credit customers
e. paid suppliers of inventory $210,000.
Required:
Post the above transactions to the T-accounts. Assume that the opening balances in each of the accounts is zero except for cash, accounts receivable, and accounts payable that had opening balances of $73,500, $60,000, and $39,000, respectively.
Answers
Answer:
The Chewbacca Starship Company
T-accounts:
Cash
Date Account Titles Debit Credit
Dec. 1 Beginning balance $73,500
Dec. 31 Salaries expense $57,000
Dec. 31 Accounts receivable 265,000
Dec. 31 Accounts payable 210,000
Accounts receivable
Date Account Titles Debit Credit
Dec. 1 Beginning balance $60,000
Dec. 31 Sales revenue 154,000
Dec. 31 Cash $265,000
Accounts payable
Date Account Titles Debit Credit
Dec. 1 Beginning balance $39,000
Dec. 31 Inventory 230,000
Dec. 31 Cash $210,000
Inventory
Date Account Titles Debit Credit
Dec. 31 Accounts payable $230,000
Sales revenue
Date Account Titles Debit Credit
Dec. 31 Accounts receivable $154,000
Salaries Expense
Date Account Titles Debit Credit
Dec. 31 Cash $57,000
Explanation:
a) Data and Analysis:
a. Inventory $230,000 Accounts payable $230,000
b. Salaries expense $57,000 Cash $57,000
c. Accounts receivable $154,000 Sales revenue $154,000
d. Cash $365,000 Accounts receivable $265,000
e. Accounts payable $210,000 Cash $210,000
Opening balances:
Cash $73,500
Accounts receivable $60,000
Accounts payable $39,000
If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
Answers
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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Which report do you produce to see total sales for the company?
Answers
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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.
7. A
relationship would include your co-workers and friends.
O A. mutually exclusive
O B. romantic
O C. companionate
OD. sporting
Answers
Your friends and coworkers would be considered in a mutually exclusive relationship.
What does mutually exclusive mean?Two events cannot occur simultaneously because they are mutually exclusive (also known as disjoint). If (A∩B) = 0, two occurrences A and B are mutually exclusive. A statistical term used to describe occurrences that cannot happen concurrently is "mutually exclusive." It is employed to describe a scenario in which the appearance of one occurrence is unaffected or unrelated to that of another. For instance, it is impossible to simultaneously roll a five and a three on the same die. If an occurrence of any of the events E1, E2,..., En indicates that none of the other n 1 events will occur, therefore the events are referred to as mutually exclusive in probability theory. Therefore, it is impossible for two occurrences that are mutually incompatible to occur simultaneously. A B = is the formal formula, which states that the intersection of any two of them is empty (the null event).
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5 million in total liabilities 4 million dollars in the balance sheet net worth Calculate the debt to worth ratio
Answers
Answer:
1.25
Explanation:
The net worth ratio uses data from the balance sheet to compare the level of a company's debt against its total net worth.
The formula for calculating the debt to net worth ratio is as below.
Debt to networth ratio = Total debts/ Total net worth.
Liabilities are the debts of a business.
in this case, = 5,000,000 / 4,000,000
Debt to net worth ration= 5/4
=1.25
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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A share of stock sells for $53 today. The beta of the stock is .7 and the expected return on the market is 16 percent. The stock is expected to pay a dividend of $1.00 in one year. If the risk-free rate is 5.2 percent, what should the share price be in one year?
Answers
Answerueueyehrgrgr
Explanation:
Waterworld Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $41,933 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $150,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 8%.
Required:
Prepare Waterworld's 2016 and 2017 journal entries, assuming Waterworld depreciates similar equipment it owns on a straight-line basis.
Answers
The appropriate journal entries for 2016 and 2017 assuming Waterworld depreciates similar equipment it owns on a straight-line basis are:
Waterworld Company Journal entries
12/31/16
Debit Right-of-Use Asset $150,000
Credit Lease liability $150,000
[To record lease liability]
12/31/16
Debit Lease liability $41,933
Credit Cash $41,933
[To record lease payment]
12/31/17
Debit Interest expense $8,645.36
[($150,000-$41,933) x 8%]
Debit Lease liability $33,287.64
($41,933-$8,645.36)
Credit Cash $41,933
[To record interest expense]
12/31/17
Debit Amortization expense $37,500
[$150,000/4 years]
Credit Right-of-Use asset $37,500
[To record amortization of the right-of-use asset]
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Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Answers
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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When an online travel agent gets paid a commission, that’s called a?
Answers
When an online travel agent gets paid a commission, that's called an affiliate commission. Affiliate marketing is a popular business model used by many companies to sell products and services online. In the travel industry, online travel agents (OTAs) partner with hotels, airlines, car rental companies, and other travel-related businesses to promote and sell their products. In return, the OTAs receive a commission on each sale made through their website.
The affiliate commission varies depending on the agreement between the OTA and the travel supplier. Some suppliers offer a fixed commission rate, while others offer a tiered commission structure based on the volume of sales generated by the OTA. Typically, the commission ranges from 5% to 25% of the total sale value.
To track and pay the affiliate commission, OTAs use affiliate marketing software that provides real-time tracking and reporting of sales and commissions. The software also ensures that the commission is paid accurately and on time.
In summary, an online travel agent earns an affiliate commission when they promote and sell travel products and services on behalf of travel suppliers. The commission is a percentage of the sale value and is paid to the OTA through affiliate marketing software.
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On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable ore. It installs machinery costing $1,900,080 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 466,500 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.
Required:
Prepare entries to record the following. (Do not round your intermediate calculations.):
a. to record the purchase of the land
b. to record the cost and installation of machinery
c. to record the first five months depletion assuming the land has a net salvage value of zero after the one is mined
Answers
Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined. Debit for mineral deposit = $6,346,080.
Cost and installation of machinery:Depletion expense = $368,535
Depreciation expense = $97,965
Ore deposit = $368,535
Equipment accumulated depreciation = $97.965
Calculation of depreciation and depletion:The machine will be depreciated at the same phase as the ore deposit As the asset is related to it and will have no value after the minimizing project ends. Therefore, depreciation for the year:
466,500 / 9,048,000 x 7,147,920 = 368.535 ore deposit amortization
466,500 / 9,048,000 x 1,900,080 = 97.965 equipment depreciation
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Question 16 of 40
What is the difference between specialization and cross-training?
A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.
B. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.
C. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.
D. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced
degree.
Answers
The correct answer is C) , Specialization leads employees to focus on a single skill or task while cross-training deals with training employees in multiple skills or tasks.
Specialization and cross-training differ in terms of the focus of training and development. Specialization involves employees focusing on developing expertise in a particular skill or area of work. It often involves becoming highly proficient and knowledgeable in a specific field or task.
Specialization allows employees to become experts in their chosen area and can lead to increased efficiency and productivity in that particular domain.
On the other hand, cross-training involves training employees in multiple skills or tasks that are outside of their primary area of expertise. It aims to provide employees with a broader skill set and the ability to perform different roles within an organization.
Cross-training helps in creating a more flexible workforce that can adapt to changing needs and handle a variety of tasks. It also enhances collaboration and teamwork by enabling employees to understand and appreciate the work of their colleagues in different areas.
Specialization and cross-training are both valuable approaches depending on the organizational needs and employee roles.
Specialization is beneficial when deep expertise and mastery in a specific area are required, while cross-training is advantageous for fostering versatility and adaptability among employees.
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In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
Answers
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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Hale’s TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the series, but it may also decide to purchase the rights to the series for either one or two years. At this point in time, Hale may either produce the pilot and wait for the network’s decision or transfer the rights for the pilot and series to a competitor for $100,000. Hale’s decision alternatives and profits (in thousands of dollars) are as follows:
State of Nature
Decision Alternative
Reject, s1
1 Year, s2
2 Years, s3
Produce pilot, d1
-100
50
150
Sell to competitor, d2
100
100
100
The probabilities for the states of nature are P(s1) = 0.20, P(s2) = 0.30, and P(s3) = 0.50. For a consulting fee of $5000, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Assume that the agency review will result in a favorable (F) or an unfavorable (U) review and that the following probabilities are relevant:
P(F) = 0.69
P(s1 | F) = 0.09
P(s1 | U) = 0.45
P(U) = 0.31
P(s2 | F) = 0.26
P(s2 | U) = 0.39
P(s3 | F) = 0.65
P(s3 | U) = 0.16
Construct a decision tree for this problem.
What is the recommended decision if the agency opinion is not used? What is the expected value?
Answers
Answer:
To construct the decision tree, we can follow these steps:
1. Start with the initial decision nodes representing the two decision alternatives: "Produce pilot" (d1) and "Sell to competitor" (d2).
2. Assign the payoffs for each decision alternative under each state of nature.
3. Add chance nodes for each state of nature and connect them to the corresponding decision alternatives.
4. Assign the probabilities of each state of nature at the chance nodes.
5. Calculate the expected payoffs at each chance node by multiplying the payoffs with their respective probabilities and summing them up.
6. Determine the optimal decision by comparing the expected payoffs at the initial decision nodes.
Here is the decision tree for this problem:
| Produce pilot (d1)
| -100
|____________
/|\
/ | \
/ | \
/ | \
P(F) = 0.69 / | \ P(U) = 0.31
/ | \
/ | \
/ | \
/ | \
s1 / | \ s2
/ | \
/ | \
/ | \
/ | \
/ | \
50 | F U F | 100
| |
| |
| |
| s3 | s3
| |
150| F | 100
|_______________________________|
If the agency opinion is not used, the recommended decision would be to produce the pilot (d1) since it has a higher expected value compared to selling to the competitor (d2).
To calculate the expected value:
Expected value (d1) = (-100 * P(s1 | F) * P(F)) + (50 * P(s2 | F) * P(F)) + (150 * P(s3 | F) * P(F))
= (-100 * 0.09 * 0.69) + (50 * 0.26 * 0.69) + (150 * 0.65 * 0.69)
= -6.93 + 8.97 + 66.88
= 68.92
Expected value (d2) = (100 * P(s1 | U) * P(U)) + (100 * P(s2 | U) * P(U)) + (100 * P(s3 | U) * P(U))
= (100 * 0.45 * 0.31) + (100 * 0.39 * 0.31) + (100 * 0.16 * 0.31)
= 13.95 + 12.09 + 4.96
= 30
Comparing the expected values, the recommended decision is to produce the pilot (d1) with an expected value of 68.92.
What is revising?
please help ur gurl out
Answers
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
Match each organization and agreement with the phrase that best describes it.
is a regional organization that promotes
growth in Southeast Asia
EU
establishes a shared economy with a
common currency
ASEAN
is an international organization that
works to promote fair-trade practices
WTO
creates a free-trade zone between
Canada, the US, and Mexico
NAFTA
Answers
Answer:
see below
Explanation:
ASEAN : Is a regional organization that promotes growth in Southeast Asia. ASEAN is short for the Association of Southeast Asian Nations. Its primary objective is to accelerate economic growth, promote peace, social integration, and cultural development in Southeast Asia.
EU: Establishes a shared economy with a common currency.
The (EU) European Union is composed of 27 member states that are located in Europe. EU is political and economic union that has created a single market by eliminating border restrictions and the creation of a common currency.
WTO : An international organization that works to promote fair-trade practices. WTO stands for The World Trade Organization . The main objective of WTO body is to regulate and liberalize world trade.
NAFTA creates a free-trade zone between Canada, the US, and Mexico.
The North American Free Trade Agreement (NAFTA) minimized or eliminated most tariffs between these counties.
Answer:
NAFTA-creates a free trade zone between Canada the us and Mexico
WTO-is an international organization that works to promote fair trade practices
EU-establishes a shared economy with a common currency
ASEAN-is a regional organization that promotes growth in Southeast Asia
Using your hospitality knowledge, list three luxury and three budget hotel brands
belonging to Marriott/Hilton/Accor hotel companies:
Answers
Answer:
Marriott's luxury tier boasts heavyweights Ritz-Carlton and the St. Regis hotels, as well as the very high-end Bulgari brand. Hilton, The Ritz-Carlton, Marriott, Wyndham, Hyatt, and so many more - discover the names behind the hotel brands. Accor owns properties such as Sofitel, Novotel, All Seasons, Pullman, and Motel 6. Where the other leading hotel brands skew toward luxury properties. Accor The Ritz-Carlton. Legendary service creates experiences so exceptional our guests can return simply by closing their eyes. ...
St. Regis. ...
JW Marriott. Enriching experiences thoughtfully crafted by associates who truly love what they do. ...
Ritz-Carlton Reserve. ...
The Luxury Collection. ...
W Hotels. ...
EDITION. ...
Marriott Hotels
Explanation:
This maybe it ill give u more Answer
after a customer buys a custom cake or receives catering service from for goodness bakes, a service representative contacts each customer to conduct a survey. the survey information is a form of output.
Answers
Yes, that is correct. The survey information collected from customers is a form of output, as it is the result or outcome of the customer service representative's efforts.
This is done to gather feedback on the customer's experience with For Goodness Bakes' products and services. This output can be used to improve the company's products and services, and to identify areas where the company can enhance customer satisfaction and loyalty. Additionally, this information can be used to track customer satisfaction, identify customer needs and preferences, and improve the overall quality of the product and services. Output is any data that is generated from a process, such as a survey. Feedback on the customer's experience is a form of input for the company, as it provides valuable information that can be used to improve the company's products and services. By gathering feedback from customers, the company can identify any issues or concerns that customers may have with their products or services and make changes to address them. Additionally, feedback can help the company identify customer preferences and needs, which can inform future product development and marketing efforts. Overall, customer feedback is an important input for the company as it helps them understand how their products and services are perceived by the customers and make necessary adjustments.
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Denise has found an online article that she wants to incorporate in her upcoming presentation; however, she is not sure if it is a credible source. How can she use the CABLE method to evaluate the quality of this source? What does the acronym stand for? What questions does she need to ask to decide if the information is valid?
Answers
Answer:
Denise can use the CABLE method to evaluate the credibility of the online article she found. CABLE stands for Currency, Authority, Bias, Level, and Evidence. By asking questions related to each of these factors, she can determine if the information is valid and reliable. Here are some questions Denise can ask:
Currency:
When was the article published?
Is the information still relevant?
Has new information been released since the article was published?
Authority:
Who is the author of the article?
What are the author's credentials?
Is the author affiliated with a reputable organization?
Bias:
Is the article biased in any way?
Does the author have a conflict of interest?
Is the information presented objectively?
Level:
Is the article intended for a general or specialized audience?
Is the language and terminology used appropriate for the intended audience?
Is the article comprehensive and thorough?
Evidence:
What sources are cited in the article?
Are the sources reputable and reliable?
Is the information supported by evidence and data?
By answering these questions, Denise can evaluate the credibility of the online article and determine if it is suitable for use in her presentation.
Sources:
The CABLE Method. (n.d.). University of Louisville. Retrieved from https://louisville.edu/writingcenter/for-students-1/handouts-and-resources/handouts-1/research-and-documentation/cable
Evaluating Information - Applying the CABLE Test. (n.d.). LibGuides at University of Texas Arlington. Retrieved from https://libguides.uta.edu/c.php?g=780475&p=5591082
An abbreviation is a shortened form of a word used in place of the full word (e.g., Corp.). An acronym is a word formed from the first letters of each of the words in a phrase or name (e.g., NASA or laser).
What three factors may you use to judge the reliability of a source?Understanding which sources are reliable is crucial. Understanding depth, objectivity, currency, authority, and purpose is necessary for this aptitude. Consider your source based on these five criteria whether or not it has undergone peer review.
How can you verify the accuracy of information found online?Look at the three letters at the end of the domain name, such as "edu" (for educational), "gov" (for government), "org" (for nonprofit), and "com" (for commercial). Websites that are. gov or. edu often have a good reputation.
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Some of the forklifts we use in the distribution centers will have to be replaced in the second quarter of the 2023 financial year, and we have to start thinking about it soon! We always purchased the forklifts outright from available cash resources or funded them by borrowing the required funding from the bank. We have recently learnt that many companies choose to lease their forklifts. These forklifts normally last a good ten years if we take good care of them. Prepare some relevant information that needs to be considered in a decision to lease or purchase?
Report on the following:
● Different options in the market
● Accounting treatment of the options
● Tax implications of the options
● Cost differentials and
● Cash flow implications
What would the correct decision be for the company.
Answers
Different options in the market:
The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.
Accounting treatment of the options:
Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.
Tax implications of the options:
Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.
Cost differentials and cash flow implications:
Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.
What would the correct decision be for the company:
The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.
Human resources managers focus on which three of the following?
Maximizing the efficiency of logistic chains
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees
Scanning the environment to determine future HR needs
Managing employee grievances, absences, sick days, and paid-time-off days
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Human resources managers focus on which three of the following are-
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees.Scanning the environment to determine future HR needs.Managing employee grievances, absences, sick days, and paid-time-off days.The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR). HR is also in charge of managing employee benefits. A human resources department also manages employee terminations and compensation and benefits. Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources.
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How did they get they find $200,000 loss?
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Hi the answer to that would be $26,000,000
Taxes are cut by 10% for all income levels. What type of policy is being conducted
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When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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which of the following is not a way health insurance helps to save you money
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Most health insurance policies set away a portion of your premium in an escrow account so you will have money on hand in case of an unexpected medical need.
Health insurance covers the expenditures of both small and significant medical problems, including operations and care for serious illnesses and incapacitating disorders. In exchange for a monthly premium payment, an insurance company offers to cover all or a portion of your medical expenditures under a health insurance policy.The risk associated with requiring medical treatment is entirely or partially covered by a type of insurance known as health insurance or medical insurance. Similar to other types of insurance, the risk is shared among a number of parties.By evaluating the entire risk of health risk and healthcare system expenditures throughout the risk pool, an insurer can establish a regular financial framework, such as a monthly premium or payroll tax, to give the money to pay for the medical benefits offered in the insurance agreement.Thus this is the meaning of Health insurance.
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An implied power is one that:
A: is clearly outlined in the Constitution.
B: gives the Supreme Court power to revise the Constitution.
C: overrules the wording of the Constitution.
D: is suggested by the Constitution, but not specifically stated.
Answers
Answer:
Option D
Explanation:
Implied powers are powers that aren't exactly stated in the Constitution but are assumed because of other powers that are similar in ways of the following are stated in the constitution. Which means your answer is option D or "is suggested by the Constitution, but not specifically stated." One of the most common examples of an implied power, is the government's ability to collect taxes. Although not specifically stated in the Constitution is it easy to assume speaking how the government has the power to start war, and war isn't cheap you need funds.
Hope this helps.
An implied power is suggested by the Constitution, but not specifically stated. The correct option is d.
A constitution is the collection of fundamental principles and established precedents that serve as the legal foundation of a polity, organisation, or other form of body and typically dictate how that entity is to be governed. When these ideas are enshrined in a single document or group of legal papers, the documents are said to embody a written constitution; when they are enshrined in a single complete document, the document is said to embody a constitution that has been The United Kingdom's Constitution is an example of an uncodified constitution; it is written in various basic Acts of a legislature, court cases, or treaties.
Constitutions apply to various levels of organisations, ranging from sovereign countries to corporations and unincorporated societies.
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Suppose that a week after Vollmer gave Lang the funds, she sent him an e-mail containing the terms of their loan agreement with her named typed at the bottom. Lang did not respond to the e-mail. Is this sufficient as a writing under the Statute of Frauds?
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According to the Statute of Fraud, parties entering into a legal agreement must put their agreement in writing. This is one of the fundamental elements of a legal agreement.
Additionally, it needs to be properly signed by both parties to the agreement, or at the very least, legal agreement needs the signature of the person paying for the products or services.
First off, in this situation Vollmer didn't write down the terms and conditions on paper; instead, she sent a message via email, which the legal agreement could not sign and approve. In the end, since the receiving party cannot sign it, the contract is invalid under the Statute of Fraud. Since Lang is being released from the financial obligation, his signature is crucial in this situation.
Thus, a written agreement is not legally binding.
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Dennis 51 purchased a $10000 13 week treasury bill as a short term investment. He paid $9960.00 for the security, which was issued on June 17th 2021 , when the bill matured on sept. 16,2021 Dennis received $10000.00 how is the $40.00 is interest reported on his tax return form 6251?
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The interest of Dennis's treasury bill is not reported on his tax return form 6251, but Form 1099-INT.
How does AMT tax work?Certain taxpayers who make a significant amount of money are subject to the Alternative Minimum Tax (AMT), even though they can use deductions and credits to keep the majority, if not all, of their income from being taxed. It increases the amount of income that is taxed by adding items that are not typically taxed and by excluding many deductions under the regular tax system.
The AMT is a parallel tax system that runs in the background of the regular tax system. Treasury bills, notes, and bond interest income are taxed federally but not state or locally. However, this income is not taxed on the interest received. Treasury bills, notes, and bond interest income are taxed federally but not state or locally. However, this revenue is not taxed on the interest received.
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Which printing option results in a Word document with images of the slides and an area to take notes?
outline
full slide
handout
notes page
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The printing option outcomes in a Word document with pictures of the slides and a region to take notes handout.
The option (C) is correct.
It has three slides on the page as well as lines for crowd notes. One more kind of gift is the Notes Pages. The notes page incorporates the slide as well as your speaker notes. At the point when you intend to utilize the notes page as a gift.
Gifts are supporting materials you appropriate previously, during, or after your show. A present could contain messages, outlines and diagrams, pictures, or different components. While not generally important, if a moderator decides to utilize a gift, it should be very much arranged and created.
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Angel Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system: Activity Cost Pools (and Activity Measures) Estimated Overhead Cost Machine related (machine-hours) $ 311,240 Batch setup (setups) $ 343,980 Order size (direct labor-hours) $ 242,820 Expected Activity Activity Cost Pools Product X Product Y Total Machine related 5,200 7,200 12,400 Batch setup 10,400 2,200 12,600 Order size 4,200 7,200 11,400 Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to:
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Answer:
Machine related= $130,520
Batch setup= $283,920
Order size= $89,460
Explanation:
First, we need to calculate the predetermined overhead rate for each activity:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Machine related= 311,240/12,400= $25.1 per machine hour
Batch setup= 343,980/12,600= $27.3 per setup
Order size= 242,820/11,400= $21.3 per direct labor hour
Now, we can allocate costs to Product X:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Machine related= 25.1*5,200= $130,520
Batch setup= 27.3*10,400= $283,920
Order size= 21.3*4,200= $89,460