Answers
A union is an organised group of employees who negotiate with employers about issues, such as wages and working conditions.
Workers who group together to form unions can negotiate collectively with the proprietors of the companies they work for. Owners are bargained with by unions for improved working conditions, less hours worked, greater compensation, and shorter workweeks. Part of a union's strength comes from its striking power.
Unions operate democratically. Leaders who make decisions on behalf of members are chosen through elections, providing employees more power at work.
An organization of employees known as a "local union" is based locally and has a charter from a national or worldwide labor organization like the Service Employees International Union (SEIU) or the United Auto Workers (UAW). Workers from the same company or area may be considered locals. Additionally, it could have employees that work for other companies but are from the same industry.
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Related Questions
Ethics in PR therefore remains an important issue to consider. Discuss any five of the six values in codes of ethics proposed by Taylor and Yang (2014:549).
Answers
Taylor and Yang has given six values in codes of ethics for public relations practitioners. Five of them are- Honesty, Fairness, Responsibility, Respect and Transparency.
Here five of them are discussed-
Honesty: PR professionals are anticipated, to be honest and direct in their communication with the open. Trustworthiness is vital to building belief with partners and keeping up the validity of both the organization and the specialist. Fairness: This esteem involves treating all partners with fair-mindedness, not appearing favouritism or separation towards any gather or person. Specialists ought to endeavour to be evenhanded in their communication and decision-making forms. Responsibility: PR specialists have a obligation to act within the best intrigued of their organization and its partners. They ought to take duty for the results of their activities and guarantee that they are in compliance with important laws and moral benchmarks. Respect: Respect is almost recognizing the nobility and worth of all partners, notwithstanding their foundations or convictions. Professionals ought to communicate in a way that's conscious, chivalrous, and touchy to social contrasts. Transparency: This esteem alludes to the openness and revelation of information by PR specialists. Straightforwardness is imperative for building belief and validity with partners, and it makes a difference to anticipate mistaken assumptions and miscommunication.To learn more about Ethics,
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Taylor and Yang proposed six core values in their codes of ethics for public relations practitioners
The codes of ethics can be noted as -
Honesty: PR professionals should communicate in a genuine, accurate manner without misleading or deceiving the public.Loyalty: PR professionals should be honest and open in their communication, as well as loyal to the businesses, causes, or organisations they represent.Integrity: PR professionals ought to uphold high moral standards, operate honourably, and steer clear of conflicts of interest.Respect: PR professionals should show respect for the diversity of viewpoints and refrain from prejudice towards any group.Accountability: PR professionals should be accountable to the public, their clients, and stakeholders for their activities and even communications.Fairness: PR professionals should make sure that communication is accurate and balanced, and should abstain from sensationalising, exaggerating, or twisting the truth.Read more about codes of ethics on:
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5. The current level of money supply in the economy is 10million USD. However the economy needs 50million USD. If the reserve requirement is 15%, what the government should make to meet the amount of money supply its economy needs? (Use open market operation concept).
Answers
To meet the amount of money supply its economy needs the government should Use the open market operation concept.
What is the economy?The annual output to the annual consumption ratio, which also evaluates the flow of money into the market by considering each person's purchasing power, is the backbone of every country's economy.
The Federal Reserve participates in open market operations, which are defined as the sale and purchase of securities there. They enable the Federal Reserve to control price changes without directly affecting the market economy.
It would encourage economic stability by reducing commercial banks' reserves and by reducing their investment and loan activities. So this will be considered to meet the amount of money supply its economy needs.
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Each of these is an emerging energy career
Answers
There are several emerging energy careers that are gaining popularity in today's world. One such career is that of a renewable energy technician. Renewable energy technicians work to install, maintain, and repair renewable energy systems such as wind turbines, solar panels, and geothermal systems.
Another emerging energy career is that of an energy analyst. Energy analysts work to evaluate energy usage patterns and identify areas where energy efficiency improvements can be made. They may also develop and implement strategies for reducing energy consumption and cost. This field is becoming increasingly important as individuals and businesses alike seek to reduce their carbon footprint and lower energy expenses.
A third emerging energy career is that of a battery storage technician. As energy storage becomes more important in the transition to renewable energy sources, the demand for skilled technicians to install and maintain battery storage systems is growing. Battery storage technicians work with a variety of battery types, including lithium-ion, lead-acid, and flow batteries, and are responsible for ensuring these systems operate efficiently and safely.
In conclusion, the renewable energy technician, energy analyst, and battery storage technician are all emerging energy careers that offer exciting opportunities for those interested in pursuing a career in the energy industry. As the world continues to transition to renewable energy sources, the demand for skilled workers in these fields is only likely to grow.
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which of the following forms have been converted from a specific year printed on the form to a continuous use version 
Answers
The instructions and forms 1098, 1099-A, 1099-C, 1099-DIV, 1099-G, 1099-INT, 1099-K, 1099-MISC, 1099-NEC, and 1099-S have been changed from annual updates to continuous usage. The instructions for the form will be updated as necessary.
What distinguishes a 1099-NEC from a 1099-MISC?Payments like rent and prizes that are not subject to self-employment tax are reported using the Form 1099-MISC. Non-employee compensation that is almost certainly liable to self-employment tax is reported using Form 1099-NEC. According to a representative of the Internal Revenue Service, new federal forms in the 1099 series that record unrelated data and nonemployee income will be utilized beginning in the tax year 2022 and not the 2021.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Question 18 of 20
How is simple interest different from compound interest?
A. Compound interest is not paid on the principal, or initial deposit.
B. Simple interest is only paid on the principal, or initial deposit.
C. Simple interest is paid on the original deposit plus any interest
earned.
D. Compound interest is only paid on the principal, or initial deposit.
SUBMIT
Answers
Simple interest is only paid on the principal, or initial deposit. Hence Option (B) is correct.
Simple Interest refers to the interest on a principal amount over a certain period of time. Its formula is as under:
Simple Interest = Principal × Interest Rate × Time
The total amount accumulated or repaid at the end of the period is calculated by adding the simple interest to the principal:
Total Amount = Principal + Simple Interest
On the other hand, compound interest refers to calculating interest on a principal amount that takes into account the accumulated interest from previous periods. Its formula is as under:
A = P(1 + r/n)^(nt)
Thus, simple interest is on the original principal, while compound interest considers the accumulated interest from previous periods.
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provide 2 examples of how software engineering emphasizes the quality of the product, whereas conventional engineering emphasizes mass production of the product.
Answers
The software engineering process primarily uses discrete mathematics, computer science, and information technology. The traditional engineering approach is mostly based on science, math, and empirical knowledge.
Engineering is thought to be a type of discipline that involves the act of setting up, creating, and producing materials, structures, machines, gadgets, and other things employing technical and scientific knowledge as well as physical resources. A discipline of science and technology known as engineering is stated to work in relation to the design, construction, and use of engines, machines, and other objects. Engineering is the process of using mathematical and scientific principles to solve issues in the real world and create novel products and processes for use in a variety of fields and applications. An engineer is a specialist who creates, designs, and maintains a wide range of tools, buildings, and information systems. the engineers.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Discussion Topic
Discuss the errors that can be detected through a trial balance. How are they spotted
and corrected? Consider a particular type of error and discuss how you would go about
correcting the error.
Answers
Inaccurate account balance calculation. Posting a journal entry incorrectly to the ledger. Incorrectly recording a transaction in the Journal. Incorrectly recording a transaction in the subsidiary books.
Which five errors have an impact on trial balance?Errors in Trial Balance include: Error of exchanges • Fragmented diary sections • Blunders in presenting diaries on the record • Wrong record account adjusts • Unrecorded exchanges • Copy exchanges • Non-cash exchanges excluded from the Preliminary Equilibrium • Exchanges outside.
How can we get rid of trial balance mistakes?Both the debit and credit sides of the account may be affected by the errors, which must be rectified by making a journal entry to correct the debit and credit. By reversing the impact of the incorrect entry on the debit and credit sides and restoring the correct debit and credit entry, an error can be corrected.
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1. Leslie Moore runs a hammock shop. She is set to markdown her existing stock of hammocks 60 percent since it is mid-September, and her summer
high-sales period is completed. The basic rope hammock is retail priced at $65.00. What would be her markdown dollar amount and her resulting sale
price?
Answers
Leslie Moore's markdown dollar amount will be $39 and her resulting sale price will be $26.
What is pricing strategy?Pricing strategy is known as the changing in price of a product or service according to the demand of the product or service in the market. When the demand for a said product is high the price for the product is increased and if the demand of a product is low then the price is reduced.
Leslie Moore runs a hammock shop and she have a pricing strategy according to which she is now willing to reduce the price by 60%. The amounts are calculated as sale price multiply by 60% the amount is the reduction in the sale price, the reduction amount is deducted from the sale price.
The calculation is shown below,
$65 * 60% = $39
$65 - $39 = $26
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A farmer who grows genetically engineered corn is experiencing trouble with corn borers.
A random check of 5,000 ears revealed the following: Many of the ears contained no
borers. Some ears had one borer; A few had two borers, and so on. The distribution of the
number of borers per ear approximated the Poisson distribution. The farmer counted
3,500 borers in the 5,000 ears. What is the probability that an ear of corn selected at
random will contain no borers?
Answers
The probability that an ear of corn selected at random will contain no borers is approximately 0.4966 or 49.66%.
How did we get the value?To calculate the probability that an ear of corn selected at random will contain no borers, use the Poisson distribution formula. In a Poisson distribution, the average number of events (borers in this case) is represented by λ (lambda).
Given that the distribution of the number of borers per ear approximates the Poisson distribution, calculate the value of λ using the information provided. The average number of borers per ear can be obtained by dividing the total number of borers by the total number of ears:
λ = (Total number of borers) / (Total number of ears)
= 3,500 / 5,000
= 0.7
Now, use the Poisson distribution formula to calculate the probability of an ear of corn selected at random containing no borers. The probability mass function for the Poisson distribution is given by:
P(X = k) = (ₑ(-λ) × λᵏ) / k!
Where:
- X is the random variable representing the number of borers per ear.
- k is the number of borers (in this case, 0).
Plugging in the values, we get:
P(X = 0) = (ₑ(-0.7) × 0.7⁰) / 0!
= ₑ-0.7
Using a calculator or a mathematical software, evaluate this expression to find the probability:
P(X = 0) ≈ 0.4966
Therefore, the probability that an ear of corn selected at random will contain no borers is approximately 0.4966 or 49.66%.
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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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3. Compare the tone of documents A and C. Do economists care as much about inflation as
consumers? Explain your answer.
Answers
Academic economists and members of the central bank view inflation in part as a self-fulfilling prophecy. If people think that prices will go up faster, they might act in ways like buying a refrigerator or asking for a raise, which will make inflation worse.
What are consumers' thoughts on inflation?Even though the economic data shows confusing bright spots, inflation has put consumers in a mood of anxiety and rage.
What is the significance of consumer confidence to the economy?The expansion of the economy is supported by an increase in consumer spending.If there is a drop in consumer confidence, consumers begin to spend less and become less certain about their financial prospects;businesses begin to experience a decline in sales as a result of this, which has an effect on them.
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Advise businesses on the impact of continuous improvements to processes and systems as an element of TQM.
Answers
Total Quality Management (TQM) is a process that helps businesses to improve the quality of products and services they offer. The concept is based on continuous improvement of processes and systems. TQM involves creating a culture of quality in a company that drives improvements.
It can also help to increase the efficiency of processes and reduce waste.Advantages of continuous improvements to processes and systems as an element of TQM include the following:Increased efficiency of processesReduction in wasteEnhanced customer satisfaction Improved product qualityIncreased employee engagement and motivationIncreased profitabilityTQM requires a commitment from management to foster a culture of continuous improvement.
This means that they must be willing to invest time and resources into the process. Management should also provide training and resources to employees to support the implementation of TQM practices. Finally, management should be prepared to monitor progress and adjust the process as necessary to ensure continued success.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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What is a step you can take toward committing to a career path?
Answers
Answer: Identify a career that suits your interests and that you can perceive as something you would do for the rest of your life.
Explanation:
To advance in a professional career it is necessary that the field in which the person wants to practice has been identified. The person needs to know what they want to do and once they know they will stay focused and work to scale in that area.
As the person gains more experience, they will be able to move forward but the important thing is that they are doing something that not only can give them an economic benefit, but also that they like and this helps to increase the commitment.
n economics, the concept that individuals are motivated by self-interest and respond predictably to opportunities for gain is known as
A.
rational behavior.
B.
altruism.
C.
normative bias.
D.
empiricism.
Answers
In economics, the concept that individuals are motivated by self-interest and respond predictably to opportunities for gain is known as rational behaviour. The correct option is a.
What is economics?Economics is the social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have an impact on these elements.
The earlier term for the discipline was political economy, but since the late 19th century, it has commonly been called 'economics.
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15 points please help
Answers
Answer:nenhuma das questões a cima
Explanation:
Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the real estate contract, but, before they close the deal, Shania learns that a new resort is being opened on the lake. The opening of the resort will drive property prices up in the area, so Shania believes she can sell her property to someone else and get a better price on the deal. Shania tells Tonya that she has decided not to sell the property to Tonya. If Tonya sues to enforce the contract, a court will likely: ___________
Answers
Some of the likely things which a court would do if Tonya sues to enforce the contract are:
1. X not enforce the contract, because people are free to choose to whom they sell their property.2. award monetary damages to Tonya.3. require Shania to go through with the sale.4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.What is a Contract?This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.
With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.
In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.
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Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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Who is ultimately responsible for the establishment and success of a company’s internal control system?
Answers
The company's top executives are ultimately responsible for the establishment and success of a company’s internal control system.
Executives refer to someone or a group of men and women having administrative or supervisory authority in a corporation or in government authority. The executive is chargeable for executing and implementing the law.
The executive is defined as a person or something with administrative or managerial authority. An example of govt is the CEO of an employer. The branch of the presidency includes the president and those responsible to him or her for enforcing the legal guidelines of the united states.
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Brooke needs a $6,000 personal loan.
Which loan option would require her to pay back the least amount of money?
A)24-month loan with an 8% annual simple interest rate
B)36-month loan with a 6% annual simple interest rate
C)60-month loan with a 4% annual simple interest rate
S) 72-month loan with a 2 annual simple interest rate

20 POINTS!!!!
Answers
Answer: The answer is D 72-month loan with a 2 annual simple interest rate
Explanation:
A) 24x480=11,500 is incorrect
B) 36x360=12,960 is incorrect
C) 60x240=14,400 is incorrect
D) 72x120=8,640 is correct
I hope I wasn't too late to help. ;)
The loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
Loan optionBased on the information given the loan option that would require her to pay back the least amount of money is 72-month loan with a 2 annual simple interest rate reason being that amount she will paid will be least amount compare to other loan options.
Loan=72 months ×($6,000×2%)
Loan=72 months×$120
Loan =$8,640
Inconclusion the loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Type the correct answer in the box. Spell all words correctly. Helena showed a sample group of people some images that were taken from her company's recent ad. The brand name was not shown in the advertisement. The sample group was asked to identify the brand in the ad. What is Helena testing by asking this question? Helena is testing by asking this question.
Answers
Helena is conducting a brand recognition test to determine how effective the company's recent advertisement was in promoting brand awareness.
By showing a sample group of people images from the ad without displaying the brand name, Helena is measuring the strength of the brand's visual identity and whether it can be recognized without the aid of a brand name.\
This type of testing is important for companies because it helps them evaluate the effectiveness of their advertising campaigns. By measuring brand recognition, they can determine if their ads are reaching their intended audience and if they are effectively communicating the brand message. This information is valuable for making informed decisions about future advertising campaigns and marketing strategies.
Overall, Helena's brand recognition test is a valuable tool for measuring the effectiveness of the company's recent ad campaign and understanding how well the brand is recognized in the market. By using this information, the company can make informed decisions about future advertising and marketing efforts to improve brand recognition and increase sales.
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A 20-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $950. If the yield to maturity remains at its current rate, what will the price be 5 years from now
Answers
Answer:
Explanation:
First we need the calculate the YTM
Use following Following formula
Price of the bond = C x ( 1 - ( 1 + r )^-n / r + F / ( 1 + r )
Where
C = Coupoon Payment = $1,000 x 6.5% = $65
n = numbers of periods = 20
F =Face value = $1,000
Priec of the bond = $950
r = YTM = ?
Placing values in the formula
$950 = $65 x ( 1 - ( 1 + r )^-20 / r + $1,000 / ( 1 + r )
r = 6.971%
Now calculte the price after 5 years
n = numbers of periods = 20 - 5 = 15 years
r = Yield to maturity = 6.971%
Placing values in the formula
Price of the bond = $65 x ( 1 - ( 1 + 6.971% )^-15 / 6.971% + $1,000 / ( 1 + 6.971% )
Price of the bond = $957.02
The ethical dilemma in the Getaway Cruise Lines case can best be described as: The external auditors are being blocked by the client in attempting to verify accounting treatment of surplus electricity and water provided by the client to the local government The external auditors question the requirement to make facilitating payments to the local authorities The Director of International Accounting questions the requirement to provide surplus electricity and water to the local government The Director of International Accounting questions the requirement to provide surplus electricity and water and make facilitating payments to the local authorities
Answers
Answer:
The Getaway Cruise Lines
The ethical dilemma in the Getaway Cruise Lines case can best be described as:
The Director of International Accounting questions the requirement to provide surplus electricity and water and make facilitating payments to the local authorities
Explanation:
Kirsten as the Director of International Accounting faces an ethical dilemma or with the difficult choice of assuaging the demands of the Brazilian authorities or complying with her company's high ethical standards, including the issue of foreign bribes in the US.
For example, an ethical dilemma or moral judgement call is required when Kirsten is faced with the difficult choice of two courses of action, either of which entails transgressing a moral principle.
marketing begins with and ends with the consumer
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Martin Company expects to have a cash balance of $135,000 on January 1, 2017. Relevant
monthly budget data for the first 2 months of 2017 are as follows:
• Collections from customers: January $246,500, February $435,000.
• Payments for direct materials: January $155,000, February $240,000
• Direct labor: January $90,000, February $135,000. Wages are paid in the month they
are incurred.
• Manufacturing overhead: January $63,000, February $75,000. These costs include
depreciation of $5,000 per month. All other overhead costs are paid as incurred.
• Selling and administrative expenses: January $45,000, February $60,000. These costs
are exclusive of depreciation. They are paid as incurred.
• Sales of marketable securities in January are expected to realize $36,000 in cash.
Martin Company has a line of credit at the local bank that enables it to borrow up to
$75,000. The company wants to maintain a minimum monthly cash balance of $60,000.
Instructions
(a) Prepare a cash budget for January and February.
(b) Martin Company’s chief financial officer feels that it is important to have data for the
entire quarter especially since their financial forecasts indicate some difficult economic
periods in the coming year. March information has been budgeted as follows:
• Collections from customers: $375,000
• Payments for direct materials: $206,000
• Direct labor: Wages paid in March $116,000
• Manufacturing overhead: $64,500. This includes the monthly depreciation of
$5,000.
• Selling and administrative expenses: $51,600. This cost is exclusive of
depreciation.
• Marketable securities of $50,000 can be sold if needed for additional cash.
(1) Prepare a cash budget for March assuming that the company does not sell the
marketable securities.
(2) What is the maximum amount the company can borrow during March? Does this
provide the company with an adequate ending cash balance?
(3) How much does the company need to borrow if the marketable securities are sold?
(4) Comment on the status of the company’s cash budget for March.
Answers
(a) The prepared Cash Budget for January and February are:
January:
Beginning cash balance: $135,000Collections from customers: $246,500Payments for direct materials: $(155,000)Direct labor: $(90,000)Manufacturing overhead: $(63,000)Selling and administrative expenses: $(45,000)Sales of marketable securities: $36,000Ending cash balance: $194,500February:
Beginning cash balance: $194,500Collections from customers: $435,000Payments for direct materials: $(240,000)Direct labor: $(135,000)Manufacturing overhead: $(75,000)Selling and administrative expenses: $(60,000)Ending cash balance: $269,500(b)
(1) March Cash Budget (assuming no sale of marketable securities)
Beginning cash balance: $269,500Collections from customers: $375,000Payments for direct materials: $(206,000)Direct labor: $(116,000)Manufacturing overhead: $(64,500)Selling and administrative expenses: $(51,600)Ending cash balance: $166,400(2) The maximum amount the company can borrow during March is $75,000
(3)The amount the company need to borrow if the marketable securities are sold is $5,600
(4) My Comment on the status of the company’s cash budget for March is that The company's cash budget for March is not adequate as the ending cash balance is less than the minimum desired balance of $60,000 even if the company sells the marketable securities.
What is the cash budget?(2) The company can borrow up to $75,000 from the bank. The ending cash balance is $166,400, which is less than the minimum desired balance of $60,000. Therefore, the company needs to borrow more money.
(3) If the marketable securities are sold, the company will have additional cash of $50,000. So, the company needs to borrow $5,600 ($60,000 - $50,000 - $166,400)
(4) The company needs to borrow money from the bank in order to have an adequate cash balance. Depending on the interest rate and the terms of the loan, it's important for the company to assess the costs and benefits of borrowing. It may be beneficial for the company to look for other ways to increase cash balance such as by increasing revenues, cutting costs, or finding alternative sources of financing.
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Javier has documents to give to his tax preparer. He had not started his tax return for this year but is a prior client what services do you offer him
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Tax preparers will compute, file, and offer assistance to Javier.
What is the role of Tax preparers?The primary objective of these experts is to maximize tax returns for clients while abiding by all relevant rules.
Tax preparers can assist with tax return preparation as well as accounting, bookkeeping, and payroll services. Many tax preparers are employed full-time, part-time, or independently at private businesses or accounting firms. Although most of these specialists are employed year-round, tax season is often their busiest time.
Customer service, financial analysis, data input, and data management abilities are frequently used by tax preparers. Those who are good at problem-solving, communication, and critical thinking may excel in this position.
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How can events in a process costing system affect financial statements? Provide examples.
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The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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