A study published in the Harvard Business Review in January 2000 investigated that intellectual property represents approximately 70% of an average firm's value.
Harvard Business Review publishes flagship books, magazine, and digital content and tool on HBR.org. The aim of Harvard Business Review is to deliever professionals around the world with best practices and rigorous insights to help lead themselves and their firms more effectively and to make a positive impact. In January 2000, the Harvard Business Review published a study in which it found that intellectual property shows approximately 70% of an average firm's value, and the number has nearly doubled during a decade.
You can learn more about Harvard Business Review at
https://brainly.com/question/14244976
#SPJ4
A Market share is usually stated as a
Answer:
stock
Explanation:
a stock is a a share of a company
Warehouse management systems include?
corporate developed programs
an application in the companies ERP system
a stand alone system
all of the above
The correct answer to your question is "all of the above".
Warehouse management systems (WMS) are software applications specifically designed to support and optimize warehouse operations.
They include various functions and features to improve inventory management, order fulfillment and overall warehouse efficiency. A WMS can be implemented through a variety of means, including company-developed programs, applications within a company's enterprise resource planning (ERP) system, or as a stand-alone system.
Company-developed programs refer to WMS software that is custom-built by the company itself to meet its specific warehouse management needs. These programs are designed in-house and tailored to a company's unique requirements, processes and workflows. They offer a high level of customization and control over WMS functionality and features.
The application within the enterprise ERP system includes the integration of the WMS module into the existing ERP software. ERP systems provide comprehensive business management solutions that cover various aspects including finance, supply chain, manufacturing and warehouse management. By adding a WMS module to an ERP system, companies can benefit from centralized data management, streamlined processes and real-time visibility across the organization.
A standalone WMS system is a standalone software solution specifically designed for warehouse management. It works independently of other enterprise systems and can be implemented and customized according to the unique requirements of the warehouse. Standalone WMS systems provide a specialized platform with specialized functions for inventory management, order processing, picking and packing, receiving and shipping, and other warehouse operations.
Warehouse management systems can be company-developed programs, applications within an enterprise ERP system, or a stand-alone system, depending on the specific needs and preferences of the organization.
For more such questions on management ,
https://brainly.com/question/1276995
#SPJ11
explain the components of National income
National income is the total value of all goods and services produced within a country's borders, including both goods produced by domestic firms and foreign firms operating within the country. The components of national income include:
1. Wages and salaries: This includes the income earned by employees for their work, including both hourly wages and salaries.
2. Profits: Profits are the income earned by businesses after they have paid all their expenses, including salaries, rent, and other costs.
3. Rent: Rent is the income earned by landlords for the use of their property, such as land or buildings.
4. Interest: Interest is the income earned by lenders for lending money to borrowers, such as banks or other financial institutions.
5. Dividends: Dividends are the income earned by shareholders for their ownership of a company's stock.
6. Indirect taxes: Indirect taxes are taxes that are levied on goods and services, such as sales taxes or value-added taxes.
7. Subsidies: Subsidies are payments made by the government to businesses or individuals to encourage certain activities, such as the production of certain goods or services.
8. Depreciation: Depreciation is the decrease in value of an asset over time, such as a piece of machinery or a building.
Together, these components make up the total national income of a country, and they provide a measure of the overall health and productivity of the economy.
The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let your friends know how your job search is going
d. Obtain references from your network
Please select the best answer from the choices provided
0000
ABCD
The main purpose of a cover letter is to:
b. Be called in for an interviewWhy write cover letter?The chief aim of any cover letter is to acquaint oneself to a prospective employer, furnishing an effective summarization of one's talents, credentials, and allurement to the particular job position.
This letter is generally provided in accompaniment with a resume whenever applying for a job opening. An effectively composed cover letter is meant to seize the employer's eyesight and emphasize why you are the ideal candidate for that post, striving towards ultimately inexorable landing of an interview.
Learn more about cover letter at
https://brainly.com/question/3602860
#SPJ1
For this discussion, you should put yourself in the role of a moderator as you:
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
To learn more about unions visit:
brainly.com/question/29575170
#SPJ1
What are unions? What are their roles and policies?
Apple rolled out new versions of its popular iPod music player. CEO Tim Cook also unveiled cheaper models of its Touch music player, a touchscreen-only device. An 8-gigabyte version now costs $229, down from $299. A 32-gigabyte model costs $399, down from $499. Suppose when the price of an iPod decreases by 20 percent, the number of songs downloaded on iTunes increases by 30 percent. Based on this information iTunes are
A. complements to iPods.
B. substitutes for iPods.
C. an inferior good.
D. a normal good.
Answer:
It should be A
Explanation:
I hope this helps
Let's say you are ordering food for your wedding reception, and you sent out 150 invitations. Everyone RSVP'd, with120 people saying they would attend. You know however that not everyone who RSVP'd will actually show up; there are always, always, always some no-shows (at least from the question-writers experience). Thus you expect to need 100 meals. But just to be safe, you plan to order 110 meals, estimating this is a 90% service level (accepting a 10% probability you'll run out). You discuss this with your fiance who is adamant about increasing your service level to 99%.
Required:
How many meals should you order for a 99% service level?
The number of meals to order for a 99% service level is 121 meals.
What is the service level?The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.
It can also describe the percentage of meals that a host estimates to serve her guests at a party.
Data and Calculations:Number of invitations sent out = 150
Number of RSVPs received = 120
Expected number of meals to serve = 100
The safety level of meals to serve = 110
The estimated service level at 110 meals = 90%
The Fiancé's estimated service level to attain = 99%
The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).
Thus, the meals that you should order for a 99% service level is 121 meals.
Learn more about estimating service levels at https://brainly.com/question/4312911
A parking garage in downtown Baltimore offers its services to both monthly customers, who pay a fixed fee every month, and to visitors, who pay an hourly fee (assume that the hourly fee is the same regardless of the day or time of day). Each monthly customer gets an ID assigned by the garage, and the garage wants to maintain the customer’s basic contact information. The monthly fee paid is negotiated separately for each customer, and it changes periodically; it is important for the garage to maintain a history of the fee details for each customer. The garage has more than 700 parking spots, each of which is equipped with a sensor that recognizes whether there is a car in the spot; in addition, the sensor can read each monthly customer’s customer ID card with an RFID reader and, thus, knows which monthly visitor has parked at which spot and when. Each spot is also equipped with a camera that is able to take a picture of each visitor’s license plate number; this information is stored to help locate any vehicle that an owner has misplaced. The system should keep track of each time a parking spot is used, including an image of the license plate, start and end times, and a link to the monthly customer, if appropriate.
1. Create a high-level ERD which shows only the cardinality and modality between the main entities.
2. Write out the tables including cardinalities, primary and foreign keys.
High Level Entity Relationship Diagram which shows only cardinality and modality between main entities:
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
1- High-Level ERD:
High Level ERD, or High Level Entity Relationship Diagram, is a visual representation of the relationships between different entities in a data model. It is used to illustrate how different entities interact with one another, and how they can be used to store and retrieve data. High Level Entity Relationship Diagram's are typically used to help define the structure of a database, and they can be used to help identify potential problems that may arise when designing a database.
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
2 - Tables:
Monthly Customer Table:
Primary key: Customer ID
Fields:
Customer ID
Name
Contact information
Fee details (history)
Monthly Parking Spot Table:
Primary key: Spot ID
Foreign key: Customer ID
Fields:
Spot ID
Customer ID
Parking Event Table:
Primary key: Event ID
Foreign key: Spot ID
Fields:
Event ID
Spot ID
License plate number
Start time
End time
Hourly Parking Spot Table:
Primary key: Spot ID
Fields:
Spot ID
Visitor Table:
Primary key: Visitor ID
Fields:
Visitor ID
Name
Contact information
Parking events (many-to-many link to Parking Event table)
To know more about Entity Relationship Diagram, click here:
https://brainly.com/question/30391958
#SPJ1
Why do you think the Federal government taxes long-term capital gains and qualified dividends at a lower rate than earned
and other types of unearned income?
Answer:
The justification for a lower tax rate on capital gains relative to ordinary income is threefold: it is not indexed for inflation, it is a double tax, and it encourages present consumption over future consumption. ... Future personal consumption, in the form of savings, is taxed, while present consumption is not.
Explanation:
Assume that a gourmet food manufacturer has considered renting a booth at a local mall to sell gift boxes of candy, nuts, and cookies during the holiday season. The fixed costs to rent and operate the booth would be $27,900. The unit contribution margins and sales mix anticipated by the company are as follows: Unit Contribution Margin Sales Mix Candy $1.50 50% Nuts $2.00 30% Cookies $1.00 20% What would be the weighted average contribution margin
What is the impact of 7.4 cpi on consumers
The findings of a country's CPI report are typically reported as a percentage change from the previous issue. A positive result indicates a rise in the inflation rate as a consequence of higher consumer costs. If the contrary were to happen, prices would go down, benefiting consumers and reducing inflation.
This is further explained below.
What are consumers?Generally, A person or group is considered to be a consumer if they have the intent to order, do order, or use goods, products, or services that they have purchased primarily for personal, social, family, household, and similar needs, which are not directly related to activities related to either entrepreneurship or business.
In conclusion, When a nation releases a new Consumer Price Index report, the findings are presented in the form of a percentage change in comparison to the most recent issue. In the event that the result is positive, it indicates that there has been a rise in the overall level of consumer prices and that the rate of inflation is climbing. In the alternative scenario, prices paid by consumers would fall, and the rate of inflation would fall along with them.
Read more about consumers
https://brainly.com/question/13420317
#SPJ1
A__ is an example of a primary stakeholder for a business.
The customers are an example of one of the primary stakeholders of a business. Therefore, option B is the correct option.
What is business?A business is an economic activity. The activity of the business is generally carried out by manufacturing goods and producing services according to the needs generated in society. The major purpose of conducting a business is to make a profit. There are many ways of doing business. It may also include purchasing and selling goods and services produced by other individuals and organizations.
There are several types of businesses, such as small-scale businesses, and medium and large-scale businesses. This classification of businesses is based upon the capital invested in them and also the amount of profit generated.
One of the main stakeholders in a business is its customers. Option B is therefore the best choice.
Learn more about business here:
https://brainly.com/question/18307610
#SPJ2
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
For more question on taxes
https://brainly.com/question/28798067
#SPJ8
Using your economic knowledge and the information you learned about Oprah Winfrey compose a well-written three-paragraph biography about her that illustrates the importance of the US market-based economy in the entrepreneur’s success.
Oprah Winfrey taught me that the power lies in your fear of it. Real freedom comes from facing the truth. Oprah always saw potential in taking chances, as any great leader would. The biggest risk in life, in her opinion, is not having the courage to take a chance.
Why it is called an entrepreneur?A firm or enterprise's organizer, manager, and risk taker is referred to as the entrepreneur. An entrepreneur is a change agent. Finding innovative methods to combine resources is the process of entrepreneurship.
When the market value created by this novel combination of resources is higher than the market value that these resources separately or in other combinations could create elsewhere, the entrepreneur is successful.
Learn more about entrepreneur, from :
brainly.com/question/13897585
#SPJ1
The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.
In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.
As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.
In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.
As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.
Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.
For more such questions on GDP, click on:
https://brainly.com/question/1383956
#SPJ8
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
for more such question on goods visit
https://brainly.com/question/25262030
#SPJ8
How did IT help the company solve that problem?
Answer:
IT helps society and determines how people interact with each other on a daily basisIt enables you to identify problems quicker and easier and helps you better analyze a complex problem. Technology students are especially encouraged to be innovative and to want to improve a current situation by encountering and solving problems, in an advanced way.
Explanation:
IT means Information Technology
#HOPE IT HELPED#
Suppose a random sample of size 50 is selected from a population with σ=10. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate).
a) The population size is infinite. (to 2 decimals)
b) The population size is N = 50,000. (to 2 decimals)
c) The population size is N = 5000. (to 2 decimals)
d) The population size is N = 500. (to 2 decimals)
The value of the standard error of the mean in each of the following cases is:
a. Population size is infinite = 1.4142
b. Population size is N = 50,000 = 1.4135
c. Population size is N = 5000 = 1.4073
d. Population size is N = 500 = 1.3430
How to find the standard error of the mean?Given data:
Random sample of size =50
Population = σ=10
a. Population size is infinite
Standard deviation of sample mean = σ/√n
Standard deviation of sample mean = 10 /√50
Standard deviation of sample mean = 1.4142
b. Population size is N = 50,000
Standard deviation of sample mean =[√ 50,000 -50 / 50,000 -1 ]× (1.4142)
Standard deviation of sample mean = 1.4135
c. Population size is N = 5000
Standard deviation of sample mean =[√ 5,000 -50 / 5,000 -1 ]× (1.4142)
Standard deviation of sample mean = 1.4073
d. Population size is N = 500
Standard deviation of sample mean =[√ 500 -50 / 500 -1 ]× (1.4142)
Standard deviation of sample mean = 1.3430
Therefore the standard error of the mean in each of the following cases is: 1.4142, 1.4135, 1.4073, 1.3430.
Learn more about standard error of the mean here:https://brainly.com/question/6080933
#SPJ1
Phillips Company bought 30 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. During the period of January 1, 20X1, through December 31, 20X3, the market value of Phillips' investment in Jones' stock increased by $1,500 each year. In 20X1, 20X2, and 20X3, Jones Bag reported the following:
Year Net Income Dividends
20X1 $8,000 $15,000
20X2 12,000 10,000
20X3 20,000 10,000
The balance in Phillips Companyâs investment account on December 31, 20X3, was $54,000.
Required
In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment using the ( a ) cost method and ( b ) equity method.
Answer:
1. Fair value
Particulars Amount$
Investment on December 31,20X3 54,000
Less: Increase for 20X1 -1,500
Less: Increase for 20X2 -1,500
Less: Increase for 20X3 -1,500
Amount that phillips paid for Investment $49,500
2. Equity Method
Particulars Amount$
Investment on December 31, 20X3 54,000
Add: Dividend share for 20X1 4,500 (15000*30%)
Add: Dividend share for 20X2 3,000 (10000*30%)
Add: Dividend share for 20X3 3,000 (10000*30%)
Less: Net Income share for 20X1 -2,400 (8000*30%)
Less: Net Income share for 20X2 -3,600 (12000*30%)
Less: Net Income share for 20X3 -6,000 (20000*30%)
Amount that phillips paid for Investment $52,500
How do you choose the brainliest answer?
Many people have strong negative reactions to pop-up, pop-behind, interstitial, and rich media ads. Assume you are the director of an advertising agency that specializes in creating and placing these ads. You see an opinion article in your local online newspaper that harshly criticizes these ads as intrusive and unnecessary. Write a details rejoinder to post in the comments section of this article in which you explain, from the advertiser’s viewpoint, why these ads can be more effective advertising media than text ads.
Answer:
Im on a private jet eating popeyes chicken, i be flexing like im eating popeyes spinach
Explanation:
plato users
Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ______.
a.
wax the floors using what he already knows
b.
avoid waxing floors until he sees someone else do it
c.
ask for clarification on how to wax the floors
d.
complain to his boss’ supervisor
Please select the best answer from the choices provided
A
B
C
D
Answer:
C; ask for clarification on how to wax the floors
Explanation:
Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ask for clarification on how to wax the floors. Thus, option 'C' is the correct option.
How does clarification improve communication?Clarification in communication refers to conveying to the speaker the primary idea of what was just spoken, as perceived by the audience. As a consequence, the listener's comprehension is examined, and any discrepancies or misunderstandings are cleared up. Clarifying, as a follow-up to reflecting, reassures the speaker that the listener is making an effort to comprehend the messages they are delivering.
Asking questions or, on rare occasions, summarizing the speaker's remarks might help to clarify. To properly listen to people, we as leaders must ask clarifying questions. Asking for clarification is to elicit more details so that we can completely comprehend the sender's intended message, which is sometimes different from what they actually stated.
Learn more about communication, here:
https://brainly.com/question/22558440
#SPJ2
Why is it difficult to change real capital
Answer:
I don't know
Explanation:
can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter
Real capital is defined as tangible resources, such as land, that are used in the creation of goods or services. Since the majority of them are fixed, it is exceedingly challenging to grow to their sizes.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services
Real capital, often known as real capital (economics) Non-financial capital, such as equipment for manufacturers, sewing machines for tailors, or shovels for gravediggers.
Therefore, By the difficulty, To change the real capital the physical tools that aid in the production of goods or services be there.
Learn more about economics here:
https://brainly.com/question/14787713
#SPJ2
How to save money in low income
Answer:
First things first, you need to know how much money you have and what regular fixed expenses you have. Setting up a budget can help. When you don’t have a lot of money coming in, it’s important to check your bank statements regularly and budget accordingly so you have enough to cover your basic needs, like rent and utilities.
If you’re not sure how to set up a budget, try Suncorp’s Budget Planner. It’s free to use and calculates the difference between your income and expenses when you input your information. A little knowledge can go a long way, especially if you’re new to budgeting. In some cases, you might be entitled to financial support from government agencies if you have a low income. Centrelink offers a low income Health Care Card which, if you’re entitled to it, offers discounted services for public transport and medication.
The Department of Human Services has information on income support, so it can be a good idea to do your own research to find out what you’re entitled to ahead of time. Saving money on things like food and entertainment is possible (even on a low income). You could try buying basic food items (think dried fruit, coffee or tea) in bulk, or look for the generic brand instead of the more expensive named options.
Get creative when it comes to entertainment options too. Keep an eye out for free activities in your local area, such as outdoor concerts. You can also pay a visit to your local library, where you can borrow books, DVDs and other resources for free! Paying attention to how you spend your money will help you avoid the temptations of impulse purchases as well.
Discuss and highlight the main features of a Bill of Lading, types of Bill of Lading, and the purpose, usefulness and limitation of such bills in global trade and commerce.
A bill of lading (/ˈleɪdɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.[1] Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise.[2] The other two documents are a policy of insurance and an invoice.[3] Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. In international trade outside the United States, bills of lading are distinct from waybills in that the latter are not transferable and do not confer title. Nevertheless, the UK Carriage of Goods by Sea Act 1992 grants "all rights of suit under the contract of carriage" to the lawful holder of a bill of lading, or to the consignee under a sea waybill or a ship's delivery order.

Bill of lading
A bill of lading must be transferable,[4][5] and serves three main functions:
it is a conclusive receipt,[6] i.e. an acknowledgement that the goods have been loaded;[7] and
it contains or evidences[8] the terms of the contract of carriage; and
it serves as a document of title to the goods,[9] subject to the nemo dat rule.
Typical export transaction use Incoterms terms such as CIF, FOB or FAS, requiring the exporter/shipper to deliver the goods to the ship, whether onboard or alongside. Nevertheless, the loading itself will usually be done by the carrier himself or by a third party stevedore.
Judge made laws are known as
Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its employees. The plan requires quarterly installments to be paid to the funding agent, Whims Funds, by the fifteenth of the month following the end of each quarter. Assume that the pension cost is $157,100 for the quarter ended December 31.
Journalize the entry to record the accrued pension liability on December 31.
Answer and Explanation:
The journal entry is shown below:
On Dec 31
Pension expense $157,100
To Unfunded pension liability $157,100
(Being the quarterly pension cost is recorded)
here the pension expense is debited as it increased the expense and credited the unfunded pension liability as it also increased the liabilities
So, the above journal entry should be recorded
The Waterfall Buffet is self-service. From 9:00 a.m. to 12:00 p.m. customers arrive at the buffet
at a rate of five per minute; from 12:00 a.m. to 4:00 p.m the gallery is closed; and from 4:00 p.m. to closing at 9:00 p.m., at a rate of six per minute (Poisson distributed). All the customers take about the same amount of time to serve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of 0.4 minute (exponentially distributed) to pay the cashier. The gallery does not want a customer to have to wait longer than one minutes to pay. The gallery plan to set up three cashiers. Will this number be adequate to meet the
waiting policy?
Three cashiers may not be adequate to meet the waiting policy during peak hours. Galleries may need to hire additional cashiers or take other measures to reduce customer wait times during peak hours.
How did we arrive at this assertion?To gallery whether three cashiers are sufficient to enforce the waiting policy, we need to calculate the estimated wait time for customers at the counter.
Determine the average number of customers per minute at the buffet for each time period.
9:00 AM - 12:00 PM: λ1 = 5 customers/minute
16:00 - 9:00: λ2 = 6 customers/minute
It is closed between 12:00 and 16:00, so no guests. Apply Little's law to determine the average number of customers in the system.
L = λW
where L is the average number of customers in the system, λ is the arrival rate, and W is the average time spent in the system.
Assuming that customers spend the same amount of time at the buffet as at checkout, the average system time can be determined as follows:
W = 2 × 0.4 min = 0.8 min
So the average number of customers in the system is:
L1 = λ1 × W = 5 customers/min × 0.8 min = 4 customers
L2 = λ2 × W = 6 customers/min × 0.8 min = 4.8 customers
The M/M/c queuing model is then used to determine the expected wait time at the cashier. Arrival at Poisson, service time allocated exponentially and three cash (c = 3)
wq = (ρ ^ c / c / c! × (c × λ)) / (1 -ρ)
Here ρ = μ / (C × μ + λ) traffic resistance and μ = 1 / 0.4 minutes = 2.5 consumer / min.
Use the above value and evaluate the waiting waiting time.
ρ1 = λ1 / (c × mμ) = 5 customer / min / min / (cash × consumers / min) = 0.67
ρ2 = λ2 / (c × μ) = 6 client / division / (3 cash cash, × 2.5 consumer / min) = 0.8
Wq1 = (0.67 ^ 3/6 × 3/6 × (3 × 2.5 consumers / minute customer / min) / (1-0.67) = 0.14 minutes
Wq2 = (0.8 ^ 3/6 × (3 × 2.5 consumers / minutes consumers / minutes) / (1-0.8) = 0.64 minutes
We will add the waiting time expected to the cashier to consume the expected time for the customer.
Tq1 = 0.88.8 minutes + 0.14 minutes = 0.94 minutes
Tq2 = 0.8 minutes + 0.64 minutes = 1.44 minutes
According to this calculation, the expected waiting time is 9-12. Less than a minute coincides with atmospheric policy. However, the estimated waiting time for customers is between 16:00 and 21:00. More than 1 minute non-compliance with the waiting policy.
Therefore, 3 cashiers may not be enough to enforce the waiting policy during peak hours.
learn more about cashiers: https://brainly.com/question/7656818
#SPJ1
nture Activity 8 Suggest why people would label you "aggressive" when you are being assertive.
People may mistakenly label someone as "aggressive" when they are actually being assertive.
why people would label you "aggressive" when you are being assertive.This can occur due to differences in communication styles, perceptions of threat, cultural or contextual variations, personal triggers, and power dynamics.
Being assertive is generally seen as positive, but misunderstanding and misinterpretation can lead to the mislabeling of assertive behavior as aggression.
Read more on assertiveness here https://brainly.com/question/1382911
#SPJ1
You want to buy a house within 3 years, and you are currently saving for the down payment.
You plan to save $5000 at the end of the first year, and you anticipate that your annual savings
will increase by 10 % annually thereafter. Your expected annual return is 7%. How much would
you have for a down payment at the end of year 3?
You would have $17,081.69 for a down payment at the compounded end of year 3.
Assuming that you save at the end of each year and your expected annual return is 7%, your total savings at the end of year 3 can be calculated using the following formula:
A = \(P(1 +\frac{r}{n})^{(n*t)}\)
Where:
A = Total amount after t years
P = Principal amount
r = Annual interest rate
n = Number of times interest is compounded per year
t = Time period in years
Savings at end of year 3 = (Savings at end of year 1 x (1 + 7%)²) + (Savings at end of year 1 x (1 + 10%) x (1 + 7%)) + (Savings at end of year 1 x (1 + 10%)² x (1 + 7%))
Plugging in the numbers, we get:
Savings at end of year 3 = ($5000 x 1.07²) + ($5000 x 1.10 x 1.07) + ($5000 x 1.10² x 1.07) = $17,081.69
To learn more about compounded follow the link:
https://brainly.com/question/28123291
#SPJ1