Answer:
I used an excel spreadsheet to record the accounts using the accounting equation.
What is the ending balance of cash after all transactions have been recorded?
$163,900
The Cash ending balance after the recording of the transactions is $163,900.
Data Analysis:
a. Cash $200,000 Capital, Alfred Herron $200,000
b. Equipment $40,500 Cash $40,500
c. Equipment $30,400 Accounts Payable $30,400
d. Accounts Payable $25,000 Cash $25,000
e. Cash $50,000 Capital, Alfred Herron $50,000
f. Cash $19,500 Service Revenue $19,500
g. Accounts Receivable $15,600 Service Revenue $15,600
h. Rent Expense $12,000 Cash $12,000
i. Cash $11,000 Accounts Receivable $11,000
j. Supplies $15,100 Cash $15,100
k. Drawings, Alfred Herron $24,000 Cash $24,000
Thus, the total cash receipts are $280,500, while the total cash disbursements are $116,600, leaving an ending balance of $163,900 in cash.
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I work in a small shop in my country. The central government owns the shop, tells me what to sell, how many products to sell, and for how much to sell the products. What type of economy do I live in?
Group of answer choices
Command
Mixed
Market
Traditional
Answer:
Market
Explanation:
A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
~Hope this helps
(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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Which of the following is a good example of inflation?
OA. You get a flat tire on your car.
OB. You work three jobs in order to pay your bills.
It cost you $50 to gas up your car this month. But last month it cost you
Ос.
$85.
It cost you $85 to gas up your car this month. But last month it only cost
OD.
you $50.
Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.
Answer:
There are four main types of communication: verbal, nonverbal, written, and visual.
1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.
2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.
3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.
4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.
In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.
Life insurance that covers an insured’s whole life with level premiums paid over a limited time is called:
Allison lives in the United States and has just retired. It is the end of October 2018. She has long had dreams of cruising the fjords on the west coast of Norway, visiting Buckingham Palace in the United Kingdom, seeing the cherry blossoms in Japan, and going to the top of the Eiffel Tower in France. She last considered all four options on New Year's Day 2008. She would like to select her trip based on which country´s currency has subsequently weakened the most against the U.S. dollar. Where should she go on vacation?
Answer:
In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP?
Click card to see definition
If the measurement of economic activity evolves, GDP can change.
Explanation:
Based on the weakened conditions of a currency exchange against the U.S. Dollar between 2008 and 2018, it would be advisable for Allison to go on a vacation for visiting Buckingham Palace in the United Kingdom.
What is the significance of currency exchange?A currency exchange can be referred to or considered as the rate at which the currency of one country compares with the currency of any other country. U.S. Dollar is currently the strongest currency in the world.
When a comparison between the currencies like the American Dollar and Euros is done, it is found that there is a degrowth in the value of Euros against the dollars, and thus, vacation in such country will be cheaper for Allison to visit to.
Therefore, the significance regarding currency exchange has been aforementioned.
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57. Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the size of Mark‟s monthly payments if he makes the minimum down payment on the car?
Note that , Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
How is this so?Given
Loan amount - $14,850
Loan term - 48 months
Interest rate - 0.0067 per month(8 % annual rate divided by 12 months)
Using the formula for a fixed- rate loan,the monthly payment (P) can be calculated as follows:
P = (Loan Amount * Monthly Interest Rate) /(1 - (1 + Monthly Interest Rate)^(-Number of Months))
P = ($ 14,850 * 0.0067) /(1 - (1 + 0.0067)^(-48))
computing we have
P = ($99.50) / (1 - (1.0067)^(-48))
P = ($99.50) / (1 - 0.7035)
P = ($99.50) / (0.2965)
P ≈ $335.89
Therefore, Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
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suzette sends jimmy a flat file with a list of all sales transactions the company made during the last year. each line contains all the information about a single sale. jimmy prepares a report that shows three different views of the data (1) the total sales for each quarter, (2) the total sales by customer, and (3) the total sales for the entire year. to make this report, jimmy had to do which of the following to the data suzette sent?
Jimmy had to Aggregate data that Suzette sent.
What is aggregate data?High-level information is obtained by integrating individual-level information into aggregate data. An industry's production, for instance, is the sum of the individual outputs of the enterprises that make up that industry. In statistics, data warehousing, and economics, aggregate data are used. Data that is aggregated and data that is individual are different. Individual data that have been averaged by a geographic region, a year, a service agency, or another factor are referred to as aggregate data.
What advantages do aggregate data have?Aggregate data is essential because it enables analysts to look for patterns and trends that might perform useful tasks like influencing financial decisions or guiding corporate strategy. Aggregate data are used by researchers, analysts, lenders, administrators, and politicians to better understand their work.
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indentify and clearly demonstrate how learners understanding of ems topics will be improved
The management of environmental repercussions of an organization's actions is a complicated, multidisciplinary topic known as EMS (Environmental Management System).
Environmental Management System: What Is It?Organizations can utilize the Environmental Management System (EMS) framework to manage their environmental impacts in a methodical, comprehensive manner. An organized method for identifying, prioritizing, and managing environmental risks and opportunities related to an organization's operations, goods, and services is provided by an EMS.
An EMS normally consists of a collection of guidelines, protocols, and practices created with environmental goals and targets in mind. These goals and objectives may have to do with preserving resources, preventing pollution, reducing waste, and adhering to environmental laws. Planning, execution, assessment, and improvement are frequently considered the main elements of an EMS.
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the positive thinking is necessary to develop decision making skill
if the most likely reason customers will purchase a company's product is its many useful attributes, what advertising focus would likely be more effecitve
Answer:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective.
Explanation:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective. This approach involves emphasizing the specific attributes and benefits of the product, such as its quality, functionality, durability, convenience, and other useful characteristics. By highlighting these features, the advertising can appeal to the customer's desire for a product that meets their needs and provides practical benefits. Additionally, providing specific details and comparisons of the product's attributes with those of competitors can help to differentiate the product and increase its appeal to potential customers.
Only top-level and middle managers can be leaders.
True
False
Dynamo Industries sold 80 packages of fireworks at a market price of $30 per package. If the firm earned a $2,000 profit, then what is the firm's average total cost?
An average package of fireworks from Dynamo Industries costs $5 overall. Since we know the profit was $2,000, we can deduct that sum from the entire amount of total revenue :
What is the formula for total revenue?Total revenue is crucial because it provides organizations with a broad grasp of the link between pricing and the demand from customers for more units of a certain product anywhere at given time. The simple method for calculating total revenue is: Price * Quantity Sold.
The term "total revenue" has what meaning?A company's overall sales is the sum of money it earns through the sale of its products and services. In other words, businesses utilize this statistic to assess the success of their primary revenue-generating activities.
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Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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11. Assess Ford’s and GM’s actions with respect
to SUV rollovers. Have the auto-makers met
their moral obligation to consumers, or have
they acted wrongly by not doing more to
increase SUV safety? Should they be held
either morally or legally responsible for
deaths from roll-overs that would not have
occurred in other vehicles? What should
automakers do to increase SUV safety?
We exhibit a fair sense of justice and acknowledge the individual rights of each community member in accordance with rights and freedoms. We will attempt to be transparent about all facets of the goods or services we provide, use only credible testimonials, and make truthful statements to our clients.
What moral dilemma does Ford's situation present?Before the vehicle hit the market, Ford was aware of the issue with the gasoline tank design. Another moral dilemma is the fact that Ford refused to issue a recall even after becoming aware of the rear-end crashes and the fatal explosions that could have been avoided. The first full recall wasn't started until June 1978.
A valid tool is cost-benefit analysis, which seeks to maximize profit at the lowest possible cost. To sacrifice human life in order to cover cheaper production costs is inexcusable, though.
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Amazon.com, Inc., headquartered in Seattle, WA, started its electronic commerce business in 1995 and expanded rapidly. The following transactions occurred during a recent year (dollars in millions):
1. Issued stock for $623 cash (example).
2. Purchased equipment costing $6,320, paying $4,893 in cash and charging the rest on account.
3. Paid $5,000 in principal and $300 in interest expense on long-term debt.
4. Earned $177,866 in sales revenue; collected $123,949 in cash with the customers owing the rest on their Amazon credit card account.
5. Incurred $25,249 in shipping expenses, all on credit.
6. Paid $118,241 cash on accounts owed to suppliers.
7. Incurred $10,069 in marketing expenses; paid cash.
8. Collected $38,200 in cash from customers paying on their Amazon credit card account.
9. Borrowed $16,231 in cash as long-term debt.
10. Used inventory costing $111,934 when sold to customers.
11. Paid $830 in income tax recorded as an expense in the prior year.
Required:
For each of the transactions, complete the tabulation, indicating the effect (positive value for increase, negative value for decrease, and leave blank if no effect) of each transaction.
Answer:
1. Issued stock for $623 cash
Assets increase by $623
Stockholders' equity increase by $623
2. Purchased equipment costing $6,320, paying $4,893 in cash and charging the rest on account.
Assets increase by $6,320 (equipment)
Assets decrease by $4,893 (cash)
So assets net increase by $1,427
Liabilities increase by $1,427 (the amount that was paid on account)
3. Paid $5,000 in principal and $300 in interest expense on long-term debt.
Liabilities decrease by $5,300
4. Earned $177,866 in sales revenue; collected $123,949 in cash with the customers owing the rest on their Amazon credit card account.
Revenue increases by $177,886.
Assets increase by $177,886
5. Incurred $25,249 in shipping expenses, all on credit.
Expenses increase by $25,249
Liabilities increase by $25,249
6. Paid $118,241 cash on accounts owed to suppliers.
Assets decrease by $118,241
Liabilities decrease by $118,241
7. Incurred $10,069 in marketing expenses; paid cash.
Expenses increase by $10,069
Assets decrease by $10,069
8. Collected $38,200 in cash from customers paying on their Amazon credit card account.
Assets increase by $38,200
9. Borrowed $16,231 in cash as long-term debt.
Assets increase by $16,231
Liabilities increase by $16,231
10. Used inventory costing $111,934 when sold to customers.
Assets decrease by $111,934
11. Paid $830 in income tax recorded as an expense in the prior year.
Liabilities decrease by $830
1.
Assets increase by $623
Stockholders' equity increase by $623
2.
Assets increase by $6,320 (equipment)
Assets decrease by $4,893 (cash)
So assets net increase by $1,427
Liabilities increase by $1,427
3.
Liabilities decrease by $5,300
4.
Revenue increases by $177,886.
Assets increase by $177,886
5.
Expenses increase by $25,249
Liabilities increase by $25,249
6.
Assets decrease by $118,241
Liabilities decrease by $118,241
7.
Expenses increase by $10,069
Assets decrease by $10,069
8.
Assets increase by $38,200
9.
Assets increase by $16,231
Liabilities increase by $16,231
10.
Assets decrease by $111,934
11.
Liabilities decrease by $830
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The managing activity of organizing
A). determines groups and assigns work activities
B). determines goals, strategies, and tactics
C). compares expected performances with actual performances
D). plans and monitors strategy implementation
Answer:
A). determines groups and assigns work activities
Explanation:
Organizing is the function of management that allows development of an organizational structure and allocate the work activities to ensure the completion of objectives.
The managing activity of organizing determines the groups suitable for the objective and the assign task or work on the basis of skills and other parameters to the groups.
Hence, the correct answer is "A)".
The following selected accounts from the Bramble Corp.’s general ledger are presented below for the year ended December 31, 2022:
Advertising expense $54,000 Interest revenue $32,000
Common stock 249,000 Inventory 66,000
Cost of goods sold 1,084,000 Rent revenue 24,000
Depreciation expense 124,000 Retained earnings 534,000
Dividends 149,000 Salaries and wages expense 674,000
Freight-out 24,000 Sales discounts 8,600
Income tax expense 69,000 Sales returns and allowances 43,000
Insurance expense 15,000 Sales revenue 2,399,000
Interest expense 69,000
Required:
Prepare a multiple-step income statement.
Answer:
$ $
Sales Revenue 2,399,000
Less:
Sales return and allowances 43,000
Sales discount 8,600
2,347,400
Net sales
Cost of goods sold 1,084,000
Gross profit 1,263,400
Operating expenses;
Advertising expense 54,000
Depreciation expense 124,000
Freight out 24,000
Insurance expense 15,000
Salaries and wages expense 674,000
Total operating expense 891,000
Income from operation 372,400
Other revenue and gains
Interest revenue 32,000
Rent revenue 24,000
56,000
Other expenses and loss
Interest expense 69,000
Income before income taxes 359,400
Income tax expense 69,000
Net income 290,400
What is one way investment consultants protect their clients’ money during periodic performance reviews?
Answer:
Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors
Explanation:
because it is
In a bid to ensure that money is adequately channeled and client's finances are safe, investment consultant analyses the stocks and portfolio's in other to ensure they are based on the advise offered and agreed upon.
The investment consultant offers expert advise on profitable stocks and portfolio's which could be invested in. The portfolio manager handles and monitors client's investment and finances. Hence, the investment consultant and portfolio manager work hand in hand in other to ensure that the right stock is chosen and invested in.Therefore, investment consultant ensures that portfolio managers do not deviate from the agreement made.
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Summarize chaleff’s courageous followership? I need help!!
Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.
Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.
According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.
Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.
Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.
In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.
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You answer a call from a customer who
asks to speak to a
immediately
manager or someone higher up.
What would you do?
What you should do when answering a call from a customer who asks to speak with a manager or someone higher up right away is try to understand the situation to see if you can resolve it yourself.
How to provide quality service?It is necessary to always be attentive to the customer's needs, helping them in the process before and after the purchase, in addition to explaining the services and products, being kind, cordial and ethical.
Therefore, the best way to deal with customers is through ethics, patience and dedication to solving the problem.
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Playa Inc. owns 85 percent of Seashore Inc. During 20X8, Playa sold goods with a 25 percent gross profit to Seashore. Seashore sold all of these goods in 20X8. How should 20X8 consolidated income statement items be adjusted g
Answer:
Debit the Cost of Sales and,
Credit the Revenue.
Explanation:
Transactions that occur within a group of companies must be eliminated. Playa is a Parent (85%) and Seashore Inc is a Subsidiary.
The effect of the Sale by Playa to Seashore is that Group Cost of Sales and Revenue would be over-valued by the price of intragroup sale.
Thus, the adjustment for this intragroup sale, is to Debit the Cost of Sales and Credit the Revenue.
At year-end, Barr Co. had shipped $12,500 of merchandise FOB destination to Lee Co. Which company should include the $12,500 of merchandise in transit as part of its year-end inventory?
Answer: Barr Co.
Explanation:
Merchandise in transit refers to the merchandise which has already left the seller's shipping dock but hasn't gotten to the buyer's shipping dock.
In this case, since Barr Co. shipped the $12,500 of merchandise FOB destination to Lee Co and the goods have gotten to Lee Co, the company that they should include the $12,500 of merchandise in transit as part of its year-end inventory is Barr Co.
Bosworth et al. (2007) state that high quality strategic workforce planning can reduce staff wastage, as well as having other important benefits. Drawing on Mintzberg’s theory of strategic planning process, discuss the validity of this statement.
The statement that high-quality strategic workforce planning can reduce staff wastage and bring other important benefits is valid.
How does Mintzberg's theory of strategic planning process support the validity of this statement?According to Mintzberg, strategic planning should not be a rigid, top-down process but rather a flexible and dynamic approach that involves continuous learning and adaptation.
Strategic workforce planning when aligned with Mintzberg's theory, enables organizations to identify and anticipate their future staffing needs, align workforce capabilities with organizational goals, and foster employee development and engagement.
By considering the evolving external and internal factors, strategic workforce planning can help organizations avoid unnecessary layoffs and ensure the right talent is available when needed.
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Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
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Explanation:
Sam and Devon agree to go into business together selling college-licensed clothing. According to the agreement, Sam will contribute inventory valued at $110,000 in return for 80 percent of the stock in the corporation. Sam’s tax basis in the inventory is $55,000. Devon will receive 20 percent of the stock in return for providing accounting services to the corporation (these qualify as organizational expenditures). The accounting services are valued at $27,500. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)
Assume Devon received 25 percent of the stock in the corporation in return for his services.
g. What amount of income, gain, or loss does Devon recognize on the formation of the corporation? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
Answer:
Explanation:
$38,500
2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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(2 points) of the most important pillar
given the current socio‐economic conditions in South Africa as well as the broader contexts of mismanagement, tender irregularities, and fraud in South African Government institutions.
The pillars of accountability, transparency, good governance, and anti-corruption measures are crucial for addressing issues organization in South African government institutions.
One of the main points of support for tending to the current financial circumstances and the more extensive settings of fumble, delicate abnormalities, and misrepresentation in South African government organizations is responsibility.
This support point incorporates both individual and institutional responsibility, and it is fundamental for guaranteeing that those answerable for debasement and botch are viewed to be responsible.
Individual responsibility includes considering people liable for their activities, incorporating arraigning those associated with defilement and maladministration.
Institutional responsibility includes guaranteeing that administration foundations are straightforward, viable, and effective in their activities. This can incorporate measures like customary reviews, public detailing, and autonomous oversight.
Notwithstanding responsibility, different points of support that are fundamental for resolving these issues incorporate straightforwardness, great administration, and compelling enemy of defilement measures.
These points of support require a guarantee to transparency, decency, and uprightness from government authorities, as well as a readiness to resolve foundational issues and execute changes to reinforce administration and responsibility.
By and large, the mainstays of responsibility, straightforwardness, great administration, and hostile to defilement measures are critical for tending to the current financial circumstances and the more extensive settings of bungle, delicate anomalies, and extortion in South African government organizations.
Without these points of support set up, it will be challenging to reestablish public confidence in government and to advance feasible financial turn of events.
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suppose the income of consumer increased from 8000 to10000 birr. because of the change in income, quantity purchased from10 units to 12 ,how much is the income elasticity of demand,what types of goods the consumer buys and consume, explain result
The income elasticity of demand is 0.8, indicating that the good is a normal good and consumers buy and consume more of it as their income increases.
How to calculate Income Elasticity of Demand?To calculate the income elasticity of demand, we use the formula:
Income Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Income)
Given that the income increased from 8000 to 10000 birr, which is a 25% increase, and the quantity purchased increased from 10 units to 12 units, which is a 20% increase, we can plug these values into the formula:
Income Elasticity of Demand = (20% / 25%) = 0.8
Since the income elasticity of demand is positive (0.8), we can conclude that the good is a normal good. Normal goods are those for which demand increases as income rises, indicating that consumers buy and consume more of the good as their income increases.
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Jake paid $9840 in interest on his interest-only home loan last year. If
his interest rate was 7%, how much was the balance on his loan?
The principal balance of the loan comes out to be $140,571 when the yearly interest on the loan is $9,840 and the rate of interest of 7%.
What is a loan?The loan is an amount taken by the borrower from the lending party and promised to pay the loan with interest after an agreed period of time.
Given values:
Annual interest on a loan: $9,840
Interest rate: 7%
Time period: 1 year
Computation of principal value on loan:
\(\rm\ Principal \rm\ Value =\frac{\rm\ Annual \rm\ Interest \rm\ on \rm\ Loan}{\rm\ Interest \rm\ Rate \times \rm\ Time \rm\ Period}\\\rm\ Principal \rm\ Value=\frac{\$9,840}{0.07 \times 1 \rm\ year }\\\rm\ Principal \rm\ Value=\$140,571\)
Therefore, when the annual interest is $9,840 at the rate of interest of 7%, then the value of the principal amount is $140,571.
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