Answers
Four of the five departments must revise their operational budgets. they are accounting, finance, economics, and marketing.
The four departments must revise their operational budgets in order to ensure that the organization is able to meet its financial goals and objectives. This process typically involves analyzing current expenses and revenues, creating a budget plan, and determining a timeline for implementing the budget.
Additionally, the departments must identify areas where costs can be reduced or centralized and areas where additional resources are needed. Once a budget plan is established, the departments must track their progress and make any necessary adjustments or revisions. This process will help ensure that the organization is able to meet its financial goals and objectives in a timely and effective manner.
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Complete question is given below:
Choose the best revision for the following sentences. a. Four of the five departments must revise their operational budgets, they are, Accounting, Finance, Economics, and Marketing. b. Four of the five departments must revise their operational budgets. They are Accounting, Finance, Economics, and Marketing. c. Four of the five departments must revise their operational budgets. They are Accounting, Finance, Economics, and Marketing.
Related Questions
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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What’s the best way to find the load capacity of a crane?
Answers
The load capacity of a crane can be found by checking the load chart, calculating the effective load, calculating the capacity at the working radius, and checking the stability of the crane.
The load capacity of a crane refers to the maximum weight that it can lift and transport safely without any damage to the crane. The maximum load capacity of a crane is determined by its design and other specifications. The best way to find the load capacity of a crane is by checking the manufacturer's load charts and calculating the effective load that the crane can lift in various positions and operating conditions. Below are the steps to find the load capacity of a crane.
Step 1: Check the load chartThe load chart provides information about the crane's capacity in various conditions and configurations. It shows the maximum weight that can be lifted at different radii and boom lengths. The load chart also indicates the crane's stability in different positions. The load chart should be specific to the crane's model, and it should be available from the manufacturer or the crane supplier.
Step 2: Calculate the effective loadThe effective load is the weight of the load plus any rigging gear, such as slings, shackles, and hooks. The effective load should be calculated for every lift to ensure that the crane is not overloaded. The effective load is calculated by adding the weight of the load to the weight of the rigging gear. The weight of the rigging gear should be included in the load chart or specified by the manufacturer.
Step 3: Calculate the capacity at the working radiusThe working radius is the distance from the center of rotation of the crane to the center of gravity of the load. The capacity of the crane is affected by the working radius. The closer the load is to the crane, the higher the capacity. The capacity at the working radius is calculated by multiplying the effective load by the load radius factor, which is provided in the load chart. The load radius factor takes into account the boom length, the angle of the boom, and the crane's capacity. It varies for different radii and boom lengths.
Step 4: Check the stability of the craneThe stability of the crane should be checked to ensure that it can lift the load safely without tipping over. The crane's stability depends on the configuration, the location of the load, and the position of the crane. The load chart provides information about the crane's stability in different positions and configurations. If the crane is unstable, the load should be repositioned or a more stable crane should be used.
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Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times
Answers
Based on the information given Blue Bell's current ratio at December 31 was:
a. 2.33 times.
Using this formula
Current ratio=Total current assets/ Total current liabilities
Where:
Total current assets=$700,000
Total current liabilities=$300,000
Let plug in the formula
Current ratio=$700,000/$300,000
Current ratio=2.33 times
Inconclusion Blue Bell's current ratio at December 31 was:
a. 2.33 times.
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Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,200.00 on a semimonthly basis. (For self-employed
persons, Social Security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.)
o $429.00
o $795.60
o $2,574.00
o 4,773.60
Answers
The combined Social Security and Medicare tax will be $459.00.
Briefing:-Austin makes $5,000 each two weeks.
Austin's Monthly Income is equal to 2 x 5000 ($1,000.00)
Since one quarter equals three months, Austin's income for the quarter will be equal to $10,000 multiplied by three.
Total Social Society Tax: 30000 multiplied by 12.4%/100 equals 3720.
The total Medicare tax will be $870.00 ($30000 x 2.9/100).
3720 + 870, which comes to $459.00.
Please take note that I have only calculated taxes for the final quarter of the year. If you want to calculate the total taxes due for each quarter rather than just three, use 12 since a year consists of 12 months.
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The correct option is not given in the question the correct option is $459.00.
The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
Answers
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.
What is fraud ?
Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.
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B) A manufacturing unit A makes 15 colour television
sets and 80 black and white television sets in a
month another unit B makes 40 colour T.V. sets
and 100 black and white sets in a month. Repre-
sent this information into matrix form and find the
production of each unit in 7 months.
Answers
7*|15 80 | =|105 560|
7*|15 80 | =|105 560||40 100| |280 700|
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER
7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌
While representing the information into matrix form and the production of each unit in 7 months is 7*|15 80 | =|105 560|, |40 100| |280 700|
What do you mean by production?Production is the process of combining various inputs, both materials such as metal, wood, glass, or plastics and immaterial materials such as plans, or knowledge to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.
The area of economics that focuses on production is called production theory, and it is closely related to the consumption or consumer theory of economics. The production process and output directly result from productively utilizing the original inputs or factors of production. Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental production factors.
These primary inputs are not significantly altered in the output process, nor do they become a whole component of the product.
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This incentive contract is based on a target price of $260,000 withexpected costs of $240,000 and target incentive of $5,000.Thecontract specifies a share ratio of 80/20. If the actual cost is $249,000, what is the seller's final fee?A.$5,000,B.$13,800,C.$11,000,D.$7,200
Answers
The seller's final fee is $7,200. which is option D. based on the incentive contract.
The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.
First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000
Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200
Therefore, the seller's final fee is $7,200.
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The tax liability of a sole proprietorship with ordinary income of $450,000 is closest to ________. Range of taxable income Marginal rate $ 0 to $ 9,525 10% 9,525 to 38,700 12 38,700 to 82,500 22 82,500 to 157,500 24 157,500 to 200,000 32 200,000 to 500,000 35
Answers
The tax liability of the sole proprietorship whose income is $450,000 is closest to: $157,500
Income tax rateAccording to the supplied tax rate for different income levels;
The tax rate for income range of $200,000 to $500,000 is 35%On this note, the tax liability of the sole proprietorship is;
Tax liability = (35/100) × $450,000Tax liability = 0.35 × $450,000Tax liability = $157,500
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Find out what professionals say about your chosen career and what the cover letter should look like.
A brief summary of your findings (200 words minimum)?
What did you learn (50 words
Answers
When it comes to career exploration, professionals often emphasize the importance of researching and understanding the chosen career path.
It involves gathering information about job prospects, required skills and qualifications, industry trends, and potential growth opportunities. Professionals often recommend conducting informational interviews, networking with professionals in the field, and seeking mentorship to gain valuable insights and guidance.
Regarding cover letters, professionals suggest that they should be concise, well-structured, and tailored to the specific job application. The cover letter serves as an opportunity to introduce yourself, highlight relevant skills and experiences, and demonstrate your motivation and fit for the position.
It should be personalized for each application and showcase your understanding of the company and its needs.
Professionals advise including a strong opening statement, a clear demonstration of qualifications, and specific examples of accomplishments or experiences that align with the job requirements.
It's important to showcase your enthusiasm, professionalism, and the value you can bring to the organization. Additionally, proofreading and editing the cover letter for clarity, grammar, and spelling errors is crucial.
It's worth noting that career advice and cover letter guidelines may vary depending on the industry, job level, and individual circumstances.
It can be helpful to seek additional resources such as career counseling services, job search websites, or books specifically focused on cover letter writing to gather more detailed and tailored insights for your specific career aspirations.
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Suppose you are human resources professinal at a company setting up work teams for production and sale. Explain at least four legal requirements which need to be embedded in your pay structure to support this new work arrangement?
please urgent....
Answers
The 4 legal requirements to be embedded includes:
minimum wage salary of the country.minimum wage salary of the state.minimum salary for the workers.flat salary level of the job role.The human resources personnel of a company is responsible for calculating the reward and benefit of an employee according to law requirement, qualification and job role of such employee.
The pay structure which is used by HR personnel entails the collection of wage grades or levels within an hierarchy and provides the framework to implement reward strategies.
The requirements needed to be embedded in the pay structure to support the new work arrangement includes:
The minimum wage salary of the country.The minimum wage salary of the state.The minimum salary for the workers.The flat salary level of the job role.Learn more about this here
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Suppose eating four apples has a marginal benefit of $5 and the cost for each apple is $3. The optimal choice is
a. eating four apples.
b. eating more than four apples.
c. eating less than four apples.
Answers
Why do production possibilities curves slope down from left to right?
Answers
Answer:The downward sloping nature of the PPC is due to the law of increasing opportunity cost. According to this law, with the fuller utilisation of the given resources, in order to produce an additional unit of one good, some of the resources are to be withdrawn from the production of another good.
Explanation:
Changes in gross domestic product result in:
Answers
Ans: Increase/ Raise the Demand for Money
Explanation: Because people will need more money to make the transactions necessary to purchase the new GDP.
Hi! Your answer is increase the demand for money
Explanation: people will need more money to make the transactions to purchase a new GDP.
Hope this helps! Have a good day! :)
16-3B Job Cost Sheet
Answers
The exact costs of a job are listed on a job cost sheet. Typically, it contains the customer's name, address, job number, job description, start and end dates, as well as an anticipated completion date. During production, the costs for the job are noted on the sheet.
How is job costing calculated?Direct materials plus direct labor plus applied overhead equals the total job cost.
Calculated Overhead Rate = Calculated Overhead / Calculated Activity
Direct materials plus direct labor plus applied overhead equals the total job cost.
Does the cost sheet include bank fees?It always relates to sales and is therefore included in cost of sales. Bank fees are an expense but also contribute to finance costs. therefore, a tangential administrative overhead.
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If your business receives a loan for $40,000,
what account will you debit and what
account will you credit?
A. Debit Notes Payable and Credit Cash
B. Debit Cash and Credit Expenses
C. Debit Accounts Payable and Credit Cash
D. Debit Cash and Credit Notes Payable
Answers
the answer:
I would do c
Who Is Lil Loaded i want to know
Answers
Answer:
search it up
Explanation:
Answer:
he is a rapper dude. search it up
Explanation:
Select the correct answer.
What is the net income of the corporation?
Income Statement
Items
Revenues
Sales Revenue
500,000
Cost of Goods Sold
20,000
Administration Expenses 20,000
30,000
15,000
15,000
Selling expenses
Depreciation
Taxes
A. $400,000
B. $100,000
C. $450,000
D. $300,000
E. $150,000
Answers
The net income of the corporation is $400,000. Thus the correct option is A.
The formula for calculating net income is
Net Income = Total Revenues - Total Expenses
In the question, it is given that
Total Revenues:
Sales Revenue: $500,000
Total Expenses:
Cost of Goods Sold: $20,000
Administration Expenses: $20,000
Selling expenses: $30,000
Depreciation: $15,000
Taxes: $15,000
The value will be applied to the formula as
Net Income = $500,000 - ($20,000 + $20,000 + $30,000 + $15,000 + $15,000)
Net Income = $500,000 - $100,000
Net Income = $400,000
Therefore, the net income of the corporation is $400,000. The correct answer is A.
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Here's the question:
You want to accumulate $1 million by your retirement date, which is 25 years from now. you will make 25 deposits in your bank, with the first occurring today. The bank pays 8% interest, compounded annually. You expect to receive annual raises at 3%, which will offset inflation, and you will let the amount you deposit each year also grow by 3% (i.e, your second deposit will be 3% greater than your first, the third will be 3% greater than the second, etc.) How much must your first deposit be if you are to meet your goal.
Both answers that I received are incorrect compared to the book. I'm trying to solve. this using excel functions. The first part is finding the PV using N = 25, I = 3%, FV=-$1,0
It's getting the payment from the PV that is the challenge.
Answers
$231,557.13 is the first deposit if you are to meet your goal. The total PMT value is $17,289.38 if the interest rate is at 3% every year.
Time period = 25 years
Future value = $1 million
Bank interest = 8%
To calculate the amount for the first month's deposit, the Present value is calculated as:
PV = \(FV / (1 + r)^n\)
PV = \(1000000 / (1 + 0.08)^{25}\)
PV = $231,557.13
To calculate the Future value of annual deposits at 3% per year
FV = \(PMT * [(1 + g)^n - 1] / g\)
$1,000,000 = \(PMT * [(1 + 0.03)^{25} - 1] / 0.03\)
PMT = $17,289.38
To make $1 million in 25 years, you must make 25 deposits of increasing amounts.
To calculate the amount using the PMT function in Excel:
Future value =PMT(0.08, 25, -231557.13, 0, 1.03)
Future value = $17,289.38
Therefore we can conclude that in both calculations, we got a payment amount of $17,289.38.
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Mary and Hanna, who are Tennessee residents, were traveling through Mississippi when they were involved in an automobile accident with Franco, who is a resident of Mississippi. Franco sues Mary, who was driving the car, in federal court in Mississippi and asks for $100,000 to reimburse him for his medical bills and lost wages. In deciding the case, what law will the federal district judge apply
Answers
The federal district judge will apply the state law while deciding the case.
State law refers to the separate law that each state has to be used or followed by the particular state. This means that one state's laws can differ from another state's laws, which is why each state makes laws of its own.
In the United States, it is normal that each state has its own laws. Such laws may be found in the traffic rules, license requirements, or vehicle numbers. These laws may affect the everyday aspect of their lives. In the given case of Mary and Hanna's accident in the state of Mississippi, the federal district judge will apply the state law to decide the case. Though the duo is from Tennessee, their accident occurred in Mississippi. So, the judge will refer to the state law of Mississippi to deal with the car incident case.State laws give easier methods or processes to deal with accidents that may occur in a specific state. And in that regard, the state laws will be applicable for dealing with car accident cases, like in the case of Mary and Hanna.
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The Economy Tomorrow Suppose a person who is developing an app crowdfunds $20,000 and holds this as cash for future expenses. If this $20,000 comes from donors' checking accounts, by how much will the money supply fall of the reserve ratio is 10 percent? Instructions: Enter your response as a whole number The money supply will decrease by $___________.
Answers
Answer:
Decrease in money supply = $200,000
Explanation:
Given:
Check account balance = 20,000
Reserve ratio = 10 percent
Find:
Money supply will decrease
Computation:
Decrease in money supply = Decrease in check account balance[1/reserve ratio]
Decrease in money supply = $20,000[1/0.10]
Decrease in money supply = $200,000
Lilian has a degree in computer science and experience in connecting large networks together. What company might be interested in hiring Lilian
Answers
Answer:
network companies
Explanation:
since she can connect networks , and would be able to save software data on computers
Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. They have been paying another company to manufacture the boxes for them but are interested in manufacturing the boxes themselves. They’ve developed the following cost estimates:
Sales (100,000 units) $ 1,000,000
Costs: Fixed Variable
Raw Materials $ 0 $ 300,000
Direct Labor 0 200,000
Factory Costs 100,000 150,000
Selling and Administrative
Costs 110,000 50,000
Total Costs $ 210,000 $ 700,000
Operating Income $ 90,000
1. How many units will Gay and Joy need to sell to breakeven?
Answers
If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
First step is to determine the selling price
Selling price = $1,000,000 / 100,000 units
Selling price = $10
Second step is to determine the Variable cost per unit
Variable cost per unit =$700,000 / 100,000 units
Variable cost per unit = $7
Third step is to calculate the Contribution margin per unit using this formula
Contribution margin per unit = Selling price - Variable cost
Let plug in the formula
Contribution margin per unit = $10 - $7
Contribution margin per unit = $3
Fourth step how many units will Gay and Joy need to sell to breakeven
Using this formula
Break even= Fixed cost / Contribution per unit
Break even = $ 210,000 / $3
Break even =70,000 units
Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.
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If a savings account has a nominal interest rate of 2% and compounds quarterly, what is the effective annual interest rate?
Answers
Answer:
To calculate the effective annual interest rate (EAR) from a nominal interest rate with quarterly compounding, you can use the following formula:
EAR = (1 + (r/n))^n - 1
Where:
r is the nominal interest rate (expressed as a decimal), which is 2% in this case (0.02).
n is the number of compounding periods per year, which is 4 (quarterly compounding).
Plugging in the values, we have:
EAR = (1 + (0.02/4)) - 1
= (1 + 0.005) ⁴- 1
= (1.005) 1
≈ 0.0202
Therefore, the effective annual interest rate for a savings account with a nominal interest rate of 2% and quarterly compounding is approximately 2.02%.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Blu-Rays can be produced at a constant marginal cost of $5 per disk, and Superhero Studios is releasing the Blu-Rays for its last two major films. The Blu-Ray for Obscure-Man is priced at $20 per disk, and the Blu-Ray for Team-Up Flick 17: The Final Chapter, Part 1 is priced at $30 per disk. What are the price elasticities of demand for these two movies
Answers
Answer:
Obscure-Man = -1.33Team-Up Flick 17: The Final Chapter, Part 1 = -1.2Explanation:
Price elasticity based on the variables given here, can be calculated using the formula:
= Price / (Marginal cost - Price)
Obscure-Man:
= 20/ (5 - 20)
= -1.33
Team-Up Flick 17: The Final Chapter, Part 1:
= 30 / (5 - 30)
= -1.2
02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility
Answers
Development of employee according to competence is not a generic management function during staffing.
What are the four objectives of performance reviews?y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.
What do supervisors often concentrate on the given statement?Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.
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What is meant by the concept entrepreneur?
Answers
Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
there are 9 steps in the accounting cycle. match the action to the correct step in the accounting cycle.
Answers
the appropriate stage of the accounting process. analyze business transactions, journalize transactions, post transactions to ledger accounts, prepare trial balances, prepare adjusted trial balances, prepare financial statements, journalize and post closing entries, and prepare post-closing trial balances.
What is meant by accounting cycle?A company's accounting events are identified, examined, and recorded as part of the accounting cycle. It follows a typical 8-step procedure that starts when a transaction takes place and ends with its inclusion in the financial statements.
The eight-step accounting cycle's essential steps include journal entry recording, publishing to the general ledger, determining trial balances, making adjusting entries, and producing financial statements.
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2. Juanita Samuels presents a check for $100 drawn on another bank to her bank's teller. She
wants currency back in $10 bills to give as holiday gifts to nieces and nephews. Under what
conditions may the teller cash the check?
Answers
Based on the fact that Juanita Samuels presents a check for $100 and wants currency in $10 bills, the conditions that a teller can cash the check is:
Correct date is written The check has been endorsed appropriatelyThe check has not been alteredWhen can a cashier cash a check?A cashier can only cash a check if it abides by the requirements of UCC Article 3 which calls for three main requirements.
The first is that the check should not have been altered in any way. The correct date must also be written and the check must be endorsed properly by the owner.
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