Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,434 Direct labor-hours 72 labor-hours Direct labor wage rate $ 14 per labor-hour Machine-hours 132 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
Answers
Answer:
$5,422
Explanation:
The computation of the total cost that should be recorded is shown below:
= Direct material cost + direct labor cost + manufacturing overhead cost
= $2,434 + (72 labor hours × $14) + (132 machine hours × $15)
= $2,434 + $1,008 + $1,980
= $5,422
hence, the total cost is $5,422
Related Questions
Those little ______ will grow up to be ants someday.
Answers
Ape Do Good Screen Printing specializes in screen printing t-shirts in San Francisco, California. It sells its most popular template for US$10 and has a marginal cost, including a blank t-shirt and the printing, of US$6. Ape Do Good Screen Printing recently ran a difference-in-differences experiment and determined the demand elasticity is -5. Should Ape Do Good Screen Printing raise or lower price? What is the optimal price?
Answers
Ape Do Good Screen Printing should lower price and the optimal price is $7.50.
What is the optimal price?Demand elasticity is -5, indicating that demand is elastic. So, when the price is reduced, the decrease in total revenue caused by the price change is much smaller than the increase in total revenue caused by the increase in quantity demanded caused by the corresponding price change.
As a result, Ape Do Good screen printing can increase their overall revenue by lowering their prices. The optimal price can be calculated using the formula: P = MC/[1 - 1/E], where E is the absolute value of demand elasticity. In this case, E = 5 and MC = 6.
As a result, P:
= 6/[1 - 1/5]
= 7.5.
As a result, the price is $7.50.
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PLEASE HELP 25 POINTS!!! Which of the following changes can take place in the long run?
A.) Technology
B.) machinery
C.) labor force
Answers
Answer:
In the long run, all of these changes can take place. Technology, machinery, and the labor force can all be adapted and adjusted to meet the needs of the economy. Technology can be improved and updated, new machinery can be introduced, and the labor force can be shifted to focus on different industries.
Answer: All of these can be changed in the long run.
Explanation:
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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A US based MNC is considering establishing a three-year project in Canada with a US$60 million initial investment. The required rate of return on this project is 15%. The firm is projected to generate operating cash flows of C$20 million in Years 1 and 2, and C$50 million in Year 3, and is expected to have a salvage value of C$30million.
The MNC must pay a 25% tax on remitted funds, and the stable exchange rate is C$1.02 per US$ over the next two years and a rate of C$1.025 per US$ in year 3.
All cash flows are remitted to the parent and there is no tax on salvage.
Required:
i) Calculate the after-tax operating cash flows that will be remitted to the parent
company each year.
ii) Calculate the Net Present Value of the project.
iii) Explain whether or not the MNC should accept the project?
iv) Flagstaff Corp. is a U.S.-based firm with a subsidiary in Mexico. It plans to reinvest its earnings in Mexican government securities for the next 10 years since the interest rate earned on these securities is so high. Then, after 10 years, it will remit all accu- mulated earnings to the United States. What is a drawback of using this ap- proach? (Assume the securities have no default or interest rate risk.).
Answers
ii) The Net Present Value of the project is US$21,256,000.
iii) The MNC should accept the project because the Net Present Value is positive.
iv) A drawback of using this approach is that the exchange rate may fluctuate over the 10-year period, which could result in a lower or higher return on investment when the earnings are remitted to the United States.
Which person would suffer the most from inflation?
Group of answer choices
Brittany is a high school senior who has been saving money for all of her senior activities.
Braxton is approaching retirement but continues to work full-time.
Coach Hirsh invests in gold and sees the value of it go up by about 7% year to year.
Gertrude is a retired 80-year old woman living on a fixed income.
Answers
The person that would suffer from inflation is coach Hirsh who invests in gold and later sees the value goes up by 7% year to year. Thus option C is correct.
What is inflation?Inflation is the general rise of prices and directly affects the economy of goods and services. As the general process of the currency rises there is a production in the purchasing capacity.
Inflation can be measured by the inflation rate which is the general price index. Thus Coach Hirsh will suffer most form the inflation due to his loss in investment as value goes up.
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A product line is a group of products that are physically similar or are intended for a similar market. Which of the following is the best example of a product line?
a. Sony offers DVD players, televisions, computers and video games.
b. Hyundai produces ocean-going vessels, plants and machinery, automobiles, steel and electronic products.
c. Coca-Cola produces Coca-Cola, Diet Coke, Sprite and Fanta.
d. United Technologies produces elevators, furnaces and helicopters.
Answers
Answer:
c. Coca-Cola produces Coca-Cola, Diet Coke, Sprite and Fanta.
Explanation:
a. "The choice of strategy for a multinational firm must depend on a comparison of the benefits of that strategy (in terms of value creation) with the costs of implementing it (as defined by organizational architecture necessary for implementation). On this basis, it may be logical for some firms to pursue a localization strategy, others a global or international strategy, and still others a transnational strategy." Is this statement correct? Why or why not?
Answers
Explanation:
This statement is correct because the benefits and costs of localization, global, international and transnational strategies for a multinational are different, so the choice of the best strategy must be aligned with the objectives and goals that a company intends to achieve in the market, in order to generate a cost / benefit exchange that will help the multinational to remain competitive in the world market.
It is necessary for the company to observe each different strategy from a cost and benefit perspective, in order to obtain a competitive advantage in a highly competitive market.
Therefore, the best strategy will be the one that will help the company to reduce costs and increase the local response capacity in the global market.
The local strategy, for example, can generate competitive advantage, but which will need to substantially reduce its cost structure to compete with well positioned competitors, which can generate a change that leads the company to adopt a transnational strategy.
The international strategy can only work in the short term, since in order to remain in the market in the long term, the multinational needs to adopt a global standardization and a transnational strategy in order to generate competitive advantage.
Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.
Answers
If Haile Resort opened for business on June 1 with eight air conditioned units. Its trial. The journal entry to record this transactions is: Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
What is journal entry?Journal entry is used by companies to record their day to day business transactions.
Haile resort journal entries
Prepaid Insurance:
Debit: Insurance Expense, 9,000
Credit: Prepaid Insurance, 9,000
Supplies:
Debit: Supplies 3,900
Credit: Supplies Expense, 3,900
( 5,200 - 1,300)
Depreciation:
Debit: Depreciation Expense, Buildings, 2400
Credit: Accumulated Depreciation, Buildings, 2400
(Br.240,000 * 4% * 3/12 )
Debit: Depreciation Expense, Equipment 800
Credit: Accumulated Depreciation, Equipment, 800
(Br.32,000 * 10% * 3/12 )
Unearned Rent Revenue:
Debit: Rent Revenue, 7,600
Credit: Unearned Rent Revenue, 7,600
Salaries and Wages:
Debit: Salaries and Wages Payable, 750
Credit: Salaries and Wages Expense, 750
Rent Receivable:
Debit: Rent Receivable, 1,600
Credit: Rent Revenue, 1,600
Debit Interest Expense 2,000
Credit Mortgage Payable 2,000
(100,000 * 8% / 12 * 3 = 2,000)
Therefore the entry is Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
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What is wrong with this sentence? The report applies to western Europe, where people are interested in these exports.
Answers
The issue with the sentence is that : The sentence is grammatically correct, but it is unclear what "these exports" refer to
What is wrong with this sentence?The sentence is grammatically correct, but it is unclear what "these exports" refer to. To improve clarity, the sentence should be revised to provide more context or specificity about the exports in question.
For example: "The report applies to western Europe, where people are interested in buying cars from Japanese manufacturers."
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Joan Demers launched a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Demers executed the following transactions. Demers (owner) invested in the company, $150,000 cash and $30,000 in property and equipment. The company issued common stock to Demers. The company paid $5,000 cash for rent of office furnishings and facilities for March. The company performed services for clients and immediately received $10,000 cash earned. The company performed services for clients and sent a bill for $20,000 with payment due within 60 days. The company compensated an office employee with $6,000 cash as salary for March. The company received $12,000 cash as partial payment on the amount owed from clients in the 4th transaction above. The company paid $2,000 cash in dividends to Demers (owner). What is the net operating income for the month of March
Answers
Answer:
the net operating income is $19,000
Explanation:
The computation of the net operating income is shown below:
As we know that
Net Operating Income = Revenue - Costs
= $10,000 + $20,000 - $5,000 -$6,000
= $19,000
Hence, the net operating income is $19,000
we simply deduct the cost from the revenue so that the net operating income could come
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows, along with descriptions of items a through h that require adjusting entries on December 31.
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In accounting, adjusting entry is one that is made to properly allocate revenue and expenses to each accounting period. It corrects previously recorded journal entries, ensuring that the financial statements at the end of the fiscal year are correct and up to date.
What are the adjusting entry for these previous entries?
Cash
Unadjusted Balance - D - $26793Adjusted Balance - D - $26793Accounts Receivable
Unadjusted Balance - D - $0f - Debit - $9600Adjusted Balance - D - $9600Teaching Supplies
Unadjusted Balance - D- $10304b - Credit - $7642Adjusted Balance - D - $2662d. Prepaid Insurance
Unadjusted Balance - D - $15458a - Credit - $3071Adjusted Balance - D - $12,387e. Prepaid Rent
Unadjusted Balance - D - $2062h - Credit - $2062Adjusted Balance - D - $0f. Professional Library
Unadjusted Balance - D - $30913Adjusted Balance - D - $30913g. Accumulated Depreciation - Professional Libary
Unadjusted Balance - C - $9275d - Credit - $6142Adjusted Balance - C - $15,417Tuitiion Fees Earned
Unadjusted Balance - C - $105108f - Credit - $9600Adjusted Balance - C - $114,708Training Fees Earned
Unadjusted Balance - C - $39,158e - Credit - $4,400Adjusted Balance - C- $43,558Depreciation Expense - Professional Library
Unadjusted Balance - D - $0d - Debit - $6142Adjusted Balance - D - $6142Depreciation Expense - Equipment
Unadjusted Balance - D - $0c - Debit - $12,285Adjusted Balance - D - $12,285Salaries Expense
Unadjusted Balance - D - $49464g - Debit - $400Adjusted Balance - D - $49,864Insurance Expense
Unadjusted Balance - D - $0a - Debit - $3071Adjusted Balance - $3071Equipment
Unadjusted Balance - D - $72,119Adjusted Balance - D - $72119Accumulated Depreciation - Equipment
Unadjusted Balance - C - $16,489c - Credit - $12,285Adjusted Balance - C - $28,774Accounts Payable
Unadjusted Balance - C - $37431Adjusted Balance - C - $37431Salaries Payable
Unadjusted Balance - C- $0g - Credit - $400Adjusted Balance - C - $400Unearned Training Fees
Unadjusted Balance - C - $11,000e - Debit - $4400Adjusted Balance - C - $6600Common Stock
Unadjusted Balance - C - $11000Adjusted Balance - C - $11000Retained Earnings
Unadjusted Balance -C - $54539Adjusted Balance - C- $54,539Dividends
Unadjusted Balance - D- $41,220Adjusted Balance - D - $41,220Rent Expense
Unadjusted Balance - D - $22,682h - Debit - $2062Adjusted Balance - D - $24,744Teaching Supplies Expense
Unadjusted Balance - D - $0b - Debit - $7642Adjusted Balance - D - $7642Advertising Expense
Unadjusted Balance - D - $7214Adjusted Balance - D - $7214Utilities Expense
Unadjusted Balance - D - $5771Adjusted Balance - D - $5771Missing words "Descriptions of items a through h that require adjusting entries on December 31, 2018, follow.
a) An analysis of WTI's insurance policies shows that $3,071 of coverage has expired.
b) An inventory count shows that teaching supplies costing $2,662 are available at year-end 2018.
c) Annual depreciation on the equipment is $12,285.
d) Annual depreciation on the professional library is $6,142.
e) On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,200, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2019.
f) On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,840 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
g) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
h) The balance in the Prepaid Rent account represents rent for December.".
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Please help me with this question
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Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance that they belong to.- Wilson, a trader at the New York Stock Exchange, executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market.- As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations.- Jacob, the chief executive officer (CEO) of ABC Corp., must make decisions that help achieve the primary goal of the corporation: maximize shareholders' wealth.
Answers
Here is a categorization of the decisions according to an area in finance :
Wilson, a trader at the New York Stock Exchange, executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market. - capital market
As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - investments
Jacob, the chief executive officer (CEO) of ABC Corp., must make decisions that help achieve the primary goal of the corporation: maximize shareholders' wealth. - corporate finance
Corporate finance is a branch of finance that is concerned with how companies manage their sources of funds, capital structure and make investment decisions.
Jacob is going to make decisions on how to maximise the resources (funds) entrusted to him by shareholders.
Capital market is a market where buyers and sellers come together to buy and sell financial securities.
There are two types of capital markets :
1. Primary market - new issues of stocks and securities are traded in this market.
2. Secondary market -previously issued securities are traded in this market.
Wilson would execute the trades on the capital market.
Investment is an asset purchased that has the potential to increase wealth or income of the purchaser.
For example, the purchase of of securities has the potential to increase the wealth of the holder.
In order to make successful investment decisions, it is important to analyse and understand investor psychology. This would help identify certain bias that an investor might have that would prevent from making optimal investment decisions.
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Why is it necessary for an entrepreneur to start a new business?
Answers
When establishing a business with the potential for expansion, entrepreneur's wealth increases along with it. The company is a great asset in and of itself. The business' worth increases as it expands.
What is entrepreneurship so crucial?Entrepreneurs are crucial to market economies because they may drive the nation's economic expansion. They encourage new employment by developing new goods and services, which eventually accelerates economic growth.
How is entrepreneurship categorized?Small enterprises, scalable startups, major firms, and social entrepreneurs are the traditional divisions of entrepreneurship. These models go over the fundamentals of starting a business and place more emphasis on the business itself than the entrepreneur's personal traits.
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Match the distribution type to its description.
Distribution center
Fulfillment center
Temporary storage
Long-term storage
Answers
Each of the distribution type should be matched to its description as follows;
Distribution center → Long-term storage.
Fulfillment center → Temporary storage.
What is supply chain management?In Business, supply chain management can be defined as an effective and efficient management of the supply, distribution, or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, distribution, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, the products that are stored in a fulfillment center is usually for a short period of time (short-term) because they are volatile while the products that are stored in a distribution center is for a long period of time (long-term).
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Ending retained earnings on the statement of retained earnings is calculated by adding stockholder investments and net losses and subtracting net income and dividends.
True or False
Answers
The given statement " Ending retained earnings on the statement of retained earnings is calculated by adding stockholder investments and net losses and subtracting net income and dividends." is false
because A retained earnings statement is a financial statement that shows changes in a company's retained earnings over some time.
This assertion utilizes data, for example, overall gain from other fiscal reports to accommodate the start and finishing held income for the period to assist examiners with understanding how the organization's profits are being utilized.
An assertion of held profit is a yearly budget report ready by an organization that shows changes in how much-held income throughout some time.
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Bill is making $100 a week, and is saving for a $500 expense. How long will it
take him to save up enough money if he saves everything he earns?
A. More than 5 weeks
B. Less than 5 weetcs
O C. Exactly 5 weeks
D. Almost a year
Answers
Answer:
more than five weeks
Explanation: deductions
Exactly 5 weeks: it takes him to save up enough money if he saves everything he earns. Thus, option C is the correct option.
What is savings?Deferred consumption, or not spending money, is saving. Savings strategies involve setting money away in places including cash, investment funds, pension accounts, and deposit accounts. Reducing expenses, such as regular expenses, is another aspect of saving. Savings refers to any income not spent for immediate consumption.
In terms of personal finance, saving often refers to low-risk preservation of money, such as in a savings account, as opposed to investing, where the risk is much higher. Interest is not always taken into account while saving. Savings are distinct from savings. In contrast to the latter, which refers to either several chances to cut expenditures or one's assets in the form of cash, the former relates to the act of not using one's assets.
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Determine the amount of tax liability in each of the following instances:
a. A married couple filing jointly with taxable income of $32,991.
b. A married couple filing jointly with taxable income of $192,257.
c. A married couple filing separately, one spouse with taxable income of $43,885 and the other with $56,218.
d. A single person with taxable income of $79,436. A single person with taxable income of $297,784.
e. A head of household with taxable income of $96,592. A qualifying widow with taxable income of $14,019.
f. A married couple filing jointly with taxable income of $11,216.
Answers
The determination of the tax liability in each of the following instances is as follows:
Taxable Filing Tax Tax
Income Status Rate Liability
a. $32,991 Joint 12% $3,958.92
b. $192,257 Joint 24% $46,141.68
c. $43,884 Separate 12% $5,266.08
c. $56,218 Separate 12% $6,746.16
d. $79,436 Single 22% $17,475.92
d. $297,784 Single 35% $104,224.40
e. $96,592 Household 24% $23,182.08
e. $14,019 Widow 12% $1,682.28
f. $11,216 Joint 10% $1,121.60
What is a tax liability?A tax liability is the payment that an individual or couple must pay within the tax year to the government. Generally, tax liabilities arise when the individual earns income or sells an investment. Examples of tax liabilities are income taxes or capital gains taxes.
Thus, the tax liability of each instance depends on the tax rate and the filing status of the individual or couple.
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Which of the following indicates a website is NOT secure?
Answers
Answer:
a) a lock icon is not displayed in the address bar
(d) the url of the website begins with http
Explanation:
The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.
Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.
The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.
There are many methods of checking that a website is secure is not correct by the use of various software tools like domain blocker, website checker etc.Hence the option D is correct that is the URL of the website begins with HTTP.
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Which of the following combinations best describe a universal life insurance policy?
Answers
A universal life insurance policy is best described by option D. A flexible premium deposit fund and a monthly renewable term insurance policy.
Universal life insurance is a type of permanent life insurance that combines a savings component with a death benefit. It offers flexibility in premium payments and death benefit coverage. The policyholder can adjust the premium payments and death benefit amount within certain limits, making it a flexible and customizable insurance option.
Option D describes the key features of a universal life insurance policy:
Flexible-Premium Deposit Fund: Universal life insurance allows policyholders to adjust the premium payments based on their financial circumstances. They can pay higher premiums to accumulate more cash value or lower premiums when they face financial constraints. The flexible premium deposit fund in option D reflects this feature of universal life insurance.
Monthly Renewable Term Insurance Policy: Universal life insurance typically includes a cost of insurance charge, which covers the mortality risk. This cost of insurance can be based on a monthly renewable term insurance policy. The policyholder pays a monthly cost of insurance charge that provides the death benefit coverage.
By combining a flexible premium deposit fund with a monthly renewable term insurance policy, option D captures the essence of a universal life insurance policy. It highlights the flexibility in premium payments and the inclusion of a cost of insurance component that provides the death benefit coverage.
It's important to note that universal life insurance policies can vary in their specific features and options offered by different insurance companies. Therefore, while option D represents a general description of a universal life insurance policy, it's essential to review the specific terms and conditions of the policy being considered to fully understand its features and benefits. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which of the following combinations best describes a universal life insurance policy?
A. A mutual fund and an endowment policy
B. A term insurance policy and a whole life policy
C. A modified endowment policy and an annual term insurance policy
D. A flexible premium deposit fund and a monthly renewable term insurance policy
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John sold a pair of jeans for R575.00( Vat inclusive). If his mark-up percentage as a percentage of cost is 25%, what is the cost price of the product
Answers
C = R460.00
Let's start by using algebra to solve for the cost price of the jeans.
Let's call the cost price "C".
We know that John's mark-up percentage as a percentage of cost is 25%, which means that he sold the jeans for 125% of their cost price.
So, we can set up an equation:
125% of C = R575.00
Now we need to convert 125% to a decimal by dividing by 100:
1.25C = R575.00
Finally, we can solve for C by dividing both sides by 1.25:
C = R460.00
Therefore, the cost price of the jeans was R460.00.
The amount of goods and services consumers want is called?
Answers
Answer:
C. Demand
Explanation:
Have a nice day
The amount of goods and services that consumers want is called demand.
What is demand?Demand is an economic concept that refers to a consumer's desire to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good or service rises, the quantity demanded falls. Similarly, lowering the price of a good or service raises the quantity demanded.
Demand is a concept that both consumers and businesses are familiar with because it makes sense and occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.
Therefore, demand is the amount of goods and services consumers want.
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stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the stock of Tricki will go ex-rights. What is Tricki’s expected price when it begins trading ex-rights?
Answers
Answer:
$99.09
Explanation:
Calculation for What is Tricki's expected price when it begins trading ex-rights
Using this formula
Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]
Let plug in the formula
Expected price=$100-[($100-$90)÷(10+1)]
Expected price=$100-($10÷11)
Expected price=$100-$0.91
Expected price=$99.09
Therefore Tricki's expected price when it begins trading ex-rights will be $99.09
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Networking is the most effective search method for finding job leads.
Please select the best answer from the choices provided
10
OT
OF
Answers
The given statements of networking is true.
Networking
Making relationships with others who have similar interests for social or business goals is referred to as networking. More often than not, it is the moniker offered to business contacts in order to advance one's professional career. People typically join networking organisations based on a single common interest shared by all members. A professional affiliation, such as stockbrokers, is the most visible. Nonetheless, some people find excellent networking opportunities through a college alumni association, a social group at a church or synagogue, or a private club.
Professionals may network in order to identify contacts who can assist them with future business or career opportunities. It is a highly successful method for generating employment leads and establishing career objectives.
Since A(true) is the correct answer.
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*Assignment*
1. Think about a business idea (sector)
2. Create a budget and a cash flow statement for that business
3. Highlight the investment appraisal technics to determine if such a business is viable or not.
4. Indicate the source of funding and if it's a loan create an amortisation schedule.
5. Try to convince someone to invest in your project with convincing evidences.
Answers
By presenting a compelling business case supported by solid evidence, I would aim to showcase the viability and potential of the solar panel installation business, enticing potential investors to seize the opportunity and contribute to the growth of a sustainable and profitable venture.
Business Idea (Sector):
I propose a business idea in the renewable energy sector, specifically focusing on solar panel installation and maintenance services. The demand for clean and sustainable energy solutions is rapidly increasing, and solar power offers a promising avenue for individuals and businesses to reduce their carbon footprint while saving on energy costs.
Budget and Cash Flow Statement:
The budget will include costs such as equipment and materials, employee wages, marketing expenses, office rent, and administrative costs. The cash flow statement will outline the projected inflows from customer payments, government incentives, and financing, as well as the outflows for operating expenses, loan repayments, and taxes.
Investment Appraisal Techniques:
To determine the viability of the business, several investment appraisal techniques can be employed. These may include net present value (NPV), internal rate of return (IRR), and payback period analysis. These methods will help assess the profitability, financial feasibility, and return on investment of the solar panel installation business.
Source of Funding and Amortization Schedule:
Funding for the business can come from various sources, such as personal savings, angel investors, venture capital, or bank loans. If a loan is obtained, an amortization schedule will be created to outline the repayment plan, including the principal and interest payments over the loan term.
Convincing Investment Proposal:
To convince someone to invest in the project, I would present the following convincing evidence:
Market research highlighting the growing demand for solar energy solutions.
A comprehensive business plan outlining the potential revenue streams, target market, and competitive advantages.
Projections of financial performance using investment appraisal techniques, showcasing the potential for profitability and return on investment.
Case studies or testimonials from satisfied customers, demonstrating the success of similar solar panel installation businesses.
Highlighting the positive environmental impact and the potential for government incentives and grants in the renewable energy sector.
Demonstrating the experience and expertise of the team in the solar energy industry.
By presenting a compelling business case supported by solid evidence, I would aim to showcase the viability and potential of the solar panel installation business, enticing potential investors to seize the opportunity and contribute to the growth of a sustainable and profitable venture.
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Please anwser asappp
While preparing a bank reconciliation, an accountant notices a check that has
been returned unpaid. This type of transaction should be_________
O A. subtracted from the bank balance
O B. added to the book balance
OC. added to the bank balance
OD. subtracted from the book balance
Answers
Answer: A. subtracted from the book balance.
When preparing a bank reconciliation and noticing a check that has been returned unpaid, the transaction should be subtracted from the book balance.
What use does reconciling your financial accounts serve?Bank reconciliations are a vital internal control tool for fraud prevention and detection. They also aid in spotting accounting and banking issues by outlining the differences between the cash balances in the accounting record and the bank balance position as stated in the bank statement.
What are the three ways to reconcile a bank account?The three approaches to a bank reconciliation are:
Statement comparison.balancing the scales.the reconciliation's recording.To know more about bank reconciliation visit:
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The 3G Co. has $2,000,000 of assets, and its tax rate is 40%. Its basic earnings power ratio is 16%,and its ROA is 8%. What is its TIE ratio
Answers
Answer: 6%
Explanation:
The Times Interest Ratio is calculated by the formula;
= \(\frac{EBIT}{Interest}\)
Earnings Before Interest and Tax (EBIT)
BEP ratio = \(\frac{EBIT}{Total Assets}\)
EBIT = BEP ratio * Total Assets
= 16% * 2,000,000
= $320,000
Interest
(EBIT- Interest)(1- Tax rate) = Net income
EBIT - Interest = \(\frac{Net income}{(1- Tax rate)}\)
Interest = EBIT - \(\frac{Net income}{(1- Tax rate)}\)
Net Income = ROA * Total Assets
= 8% * 2,000,000
= $160,000
Interest = EBIT - \(\frac{Net income}{(1- Tax rate)}\)
= 320,000 - \(\frac{160,000}{(1- 0.4)}\)
= $53,333.33
Times Interest Ratio = \(\frac{EBIT}{Interest}\)
= \(\frac{320,000}{53,333.33}\)
= 6%