Martinez Corp. provides security services. Selected transactions for Martinez Corp. are presented below.
Oct. 1 Issued common stock in exchange for $59,400 cash from investors.
2 Hired part-time security consultant. Salary will be $1,800 per month. First day of work will be October 15.
4 Paid 1 month of rent for building for $1,800.
7 Purchased equipment for $16,200, paying $3,600 cash and the balance on account.
8 Paid $1,200 for advertising.
10 Received bill for equipment repair cost of $370.
12 Provided security services for event for $2,900 on account.
16 Purchased supplies for $370 on account.
21 Paid balance due from October 7 purchase of equipment.
24 Received and paid utility bill for $133.
27 Received payment from customer for October 12 services performed.
31 Paid employee salaries and wages of $4,600.
Required:
A) Journalize the transactions.
Answers
Answer and Explanation:
The Journal entry is shown below:-
On Oct 1
Cash Dr, $59,400
To Common stock $59,400
(Being the issuance of the common stock is recorded)
On Oct 2
No Journal entry is required
On Oct 4
Rent expenses Dr, $1,800
To Cash $1,800
(Being the rent expense is recorded
On Oct 7
Equipment Dr, $16,200
To Cash $3,600
To Accounts payable $12,600
(Being equipment is recorded)
On Oct 8
Advertisement Dr, $1,200
To Cash $1,200
(Being cash paid is recorded)
On Oct 10
Repair expenses Dr, $370
To Accounts payable $370
(Being repair expenses is recorded)
On Oct 12
Accounts receivable Dr, $2,900
To service revenue $2,900
(Being service provided is recorded)
On Oct 16
Supplies Dr, 4370
To Accounts payable $370
(Being supplies purchased on account is recorded)
On Oct 21
Accounts payable Dr, $12,600
($16,200 - $3,600)
To Cash $12,600
(Being cash paid is recorded)
On Oct 24
Utility expenses Dr, $133
To Cash $133
(Being utility expense is recorded)
On Oct 27
Cash Dr, $2,900
To Accounts receivable $2,900
(Being cash received is recorded)
On Oct 31
Salaries and wages expenses Dr, $4,600
To Cash $4,600
(Being cash paid is recorded)
Related Questions
What are some large-scale economic shifts that have created our present service economy
Answers
The capitalist system in the United States is one of the large-scale economic shifts that have created our present service economy
What is meant by an economic shift?Economic change, which can be characterized as a change in the economy's structure, policies, or growth, is one of the external factors that influence company decision-making.
Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, and the overall demand and supply of the country's goods and services are what lead to these changes. These adjustments cause short-term expansionary and deflationary episodes.
An economic system known as a service economy is one in which the provision of services, as opposed to the production of products, is the primary activity. Road construction, medical treatment, food, lodging, and other professional services are some of these services.
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A new tenant. They are delighted to know that you are a student of insurance as they are willing to inquire about some few things about insurance. 1) Kindly advise the couple on the defenses to a product liability 2) They have been hearing about Insurance and they would love to know the benefits and functions. Kindly intimate them with this functions. 3) They want you to explain what you understand by risk and it's different types. 4) The couples belong to a school of thought that they can't die early in life. However, they believe they still need life Insurance but not necessarily a death protection. What would be your advice to them?
Answers
1) Defenses to product liability typically include assumption of risk, product misuse, comparative negligence and commonly known dangers.
2) The benefits and functions of insurance are insurance provides financial protection against unexpected events such as accidents, illness, and natural disasters. It also helps to manage risk and reduce uncertainty.
3) Risk is the likelihood of loss or damage occurring. Types of risk are pure risk, speculative risk and operational risk.
4) It is important to speak with a licensed insurance professional to determine the best type of life insurance policy for individual needs and circumstances.
1) Defenses to product liability typically include the following: a) assumption of risk - the person using the product knew the risk involved and voluntarily accepted it; b) product misuse - the person using the product did not use it as intended or in a reasonable manner; c) comparative negligence - the person using the product contributed to their own injuries through their own negligence; and d) commonly known dangers - the product has a commonly known danger that the consumer should be aware of.
2) The benefits and functions of insurance are numerous. First and foremost, insurance provides financial protection against unexpected events such as accidents, illness, and natural disasters. It also helps to manage risk and reduce uncertainty. Insurance companies pool the risk of many individuals and businesses, making it possible to provide coverage to those who need it. Additionally, insurance promotes economic growth by providing funds for investment and lending.
3) Risk is the likelihood of loss or damage occurring. There are several different types of risk, including pure risk (the risk of loss or damage with no chance of gain), speculative risk (the risk of loss or damage with a chance of gain), and operational risk (the risk of loss or damage due to internal processes or procedures).
4) While it is understandable that the couple believes they will not die early in life, it is important to recognize that unexpected events can occur at any time. Life insurance provides financial protection for loved ones in the event of an unexpected death. While death protection is a key component of life insurance, there are also policies available that offer living benefits such as cash value accumulation and the ability to withdraw funds for certain expenses. It is important to speak with a licensed insurance professional to determine the best type of life insurance policy for individual needs and circumstances.
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$6290 at 8% for 5 months
Answers
The interest amount at the $6290 at 8% for 5 months is $16.62.
What is interest?Interest can be defined as the cost of borrowing money, or the return on lending money, usually expressed as a percentage of the amount borrowed or lent. It is a crucial component of the financial system, allowing individuals and businesses to invest, borrow, and save. Interest rates are determined by a variety of factors, including inflation, the supply and demand for credit, and the policies of central banks. In general, higher interest rates can make borrowing more expensive but can also offer higher returns on savings and investments. Conversely, lower interest rates can stimulate borrowing and investment but may result in lower returns for savers. Interest rates also have a significant impact on economic growth, employment, and inflation.
Monthly interest rate = 8% / 12 = 0.00667
Interest = (Principal * Rate * Time) / 12
Interest = ($6290 * 0.00667 * 5) / 12
Interest = $16.62 (rounded to the nearest cent)
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Complete Question:
What is the interest amount at $6290 at 8% for 5 months?
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
This is for Personal Finance:
I have attached the document below.
This needs to be done before the 28th.
Creating a New Budget to Meet Your Saving and Spending Needs project
I also need help filling out the chart.
2. Which budgetary category changed the most between your old budget and your new budget?
Why? (5 points)
3. How does your new budget help you to meet your short-term goal of buying a new laptop? (5
points)
4. How does your new budget help you to meet your long-term goal of saving for college? (5 points)
Answers
In any endeavors, the act of budgeting assists you in achieving your academic and financial objectives.
What is a budget?It refers to the estimation of revenue and expenses over a specified future period of time which is usually re-evaluated on a periodic basis. Apart from the fact that budget will also assist you in anticipating unforeseen costs and challenges, it also necessitates difficult decision-making but creating goals will make the process easier.
Which budgetary category changed the most between your old budget and your new budget?In this budget, the net savings changed the most, and this is because of the extra money coming in via total income. Also, an extra $290 was added to the category.
How does your new budget help you to meet your short-term goal of buying a new laptop?The act of savings and making deposits can be a part of a short term goal by making a budget for being able to purchase a new laptop.
How does your new budget help you to meet your long-term goal of saving for collegeWhen we make sure that savings are enough for college in the time you want in the budget, then, the new budget help you to meet your long-term goal of saving for college.
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What isa survey?
O A. It is when only a portion of a population is researched.
OB. It is a research method where the researcher assembles small
groups of people.
O C. It involves recording actions or events related to buying behavior.
O D. t is a set of questions used for gathering data.
Answers
Answer:
It is a research method where the researcher assembles small
You have discovered that one of you closest friends at work has stolen a large sum of money from the company. Would you do nothing? Go directly to an executive to report the incident before talking about it with the offender? Confront the individual before taking action? Make contact with the individual with the goal of persuading that person to return the money?
Answers
Answer:I would recommend confronting the individual before taking any action. It is important to first discuss the issue with the offender to understand the situation and whether it was intentional and deliberate. If the offender is uncooperative or unwilling to return the money, then the next step would be to go directly to an executive to report the incident.
Explanation:
Which of the following is NOT a benefit of investing in a mutual fund?
O diversification
O skilled investors
O affordability
O lower potential gains
Answers
Lower potential gains is not a benefit of investing in a mutual fund
What are mutual funds?
A mutual fund is a type of financial instrument that combines investor capital with a single investing goal. Depending on the goals of the scheme, it subsequently invests the funds in different asset classes including equities and bonds. In general, mutual funds are considered to be a secure investment and an excellent way enabling investors to invest with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
Reasons for high costs
The Charges.market ambiguityThe Managers of Funds.The type of fund.Size of the Fund.Taxation Associated With Your Mutual FundFor a variety of reasons, such as large inflows or to retain exclusivity, mutual funds and hedge funds may decide to close to new participants. When a fund is winding down, funds may also close to new investors because of subpar performance.
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Which one of the following is not an example of collaborators? O Public relations companies O Customers O Savings and loans O Marketing research firms
Answers
The Savings and loans are not an example of collaborators. Option B
What are collaboratorsCollaborators typically refer to individuals, groups, or entities that work together or cooperate on a project, initiative, or business endeavor. They often have some shared goals, interests, or responsibilities. Let's break down the other options to understand how they fit the concept of collaborators:
Public relations companies: These companies help businesses manage their public image and communications. They collaborate with businesses to shape their messaging, handle media relations, and enhance their reputation.
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Although all could potentially act as collaborators, Savings and Loans, being primarily financial institutions, are less commonly associated with the role of collaborators.
Explanation:In the context of business and organizational collaboration, the options provided - Public relations companies, Customers, Savings and loans, and Marketing research firms, all can be considered as potential collaborators. However, if we focus on the most traditional definition, savings and loans, which generally refers to specific financial institutions, might be less associated with the role of collaborators in a standard business scenario. Unlike public relations companies, customers, and marketing research firms, savings and loans are primarily engaged in the sphere of financial transactions rather than collaborations for business strategy or product/service development.
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How can we measure what we gain and lose when making choices?
A. production possibilities curve
B. production possibilities frontier
C. law of diminishing marginal unity
D. marginal unity
Turn In
Answers
Answer:a
Explanation:
Nearly half of all marriages in the United States end in divorce. Briefly describe how sociologists might view this situation from the structural-functional approach, the social-conflict approach, and the symbolic-interaction approach. Also indicate whether each approach takes a macro-level orientation or a micro-level orientation
Answers
Answer:
they could first find why they are fighting why they want to divorce and go from there its not that descriptive but if it was it would be macro level
Explanation:
The structural-functional approach views divorce as a breakdown of the social institution of marriage, which serves important functions in society, such as reproducing and socializing children.
The social-conflict approach sees divorce as a result of power struggles between men and women, highlighting how gender inequality and economic disparities contribute to divorce rates. This approach takes a macro-level orientation.
Lastly, the symbolic-interaction approach focuses on how individuals make sense of divorce and how it affects their daily interactions and sense of self. This approach takes a micro-level orientation. Understanding divorce through these different sociological perspectives can shed light on the various factors contributing to the high divorce rates in the United States.
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This section is based on the case study titled: Maximising Media Relations for Effective Program Execution: UNICEF in Nigeria. This case study is found under the lesson 3 folder, and copies are under the additional resources folder. Please answer all these questions and ensure that you use the correct numbering as given in the question itself.
1. According to the case study, what is the role of public relations? [4]
2. Who are the stakeholders in this case study and their interests [5]
3. What were the strategic tactics and techniques used in the campaign [6]
4. What research methodology was used to develop this plan and discuss whether the programme was successful or not successful in your perspective. Provide evidence from the case study to support your argument. [10]
5. “For effective media relations, the public relations practitioner must understand how the media function and how reporters work” – (Baskin et al, pp:179). As a public relations practitioner what is your assessment of the use of mass media
in this programme and was the use of mass media the best option vs social media in
the programme? (We want to see the student present their own argument here) [5]
6. What did you learn in this case study? [5]
Answers
UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.
What about the case study?This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.
In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.
To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.
Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.
As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.
The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.
Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.
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What are the steps to strategic management?
Answers
Answer:
The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring. Let's take a look at how each of these steps ties into the overall strategic management process. The first part of strategic management is to plan and set your goals.Nov
Economic Order Quantity computes:
A: Cost of an order
B: Re-order level
C: Cost of stock
D: Optimum Order size
Answers
Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
How and why would the accounting profession use the results of behavioural research in accounting
Answers
Answer:
Behavioral accounting is a subset of accounting that, in addition to accounting expertise, is concerned with behavior. It is concerned with people's attitudes and behaviors when confronted with an accounting phenomenon, which defines the actions that they will exhibit in decisionmaking. This accounting specialization addresses issues such as human informationprocessing activity, judgement accuracy, accounting problems caused by accounting information users and suppliers, and accounting information users' and producers' decisionmaking skills.
Behavioral psychology seeks to understand how people make choices, communicate with others, and affect economies and societies. The impact of accounting knowledge on conduct, administrative management (budget engagement, nonfinancial interventions, leadership, and balanced scorecard), auditing (auditorclient negotiations, auditor's judgement, and decisionmaking), and ethics (ethical decisionmaking, ethical orientation, and rationalizations for unethical behavior) are all included under the Behavioral accounting definition.
The accounting profession use the results of behavioural research in accounting so that they can understand the behaviour of different entities like a consumer or a retailer and use that in the accounting so that it can help in making a better conclusion.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society. Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
So we can say that behavioural research plays an important role in analyzing the data and for drawing the conclusion in accounting.
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how does a persons work experience affect their pay wage?
Answers
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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The following information is available for Something Strange Corporation (assuming all transactions affected cash): Sale of land $100,000 Sale of equipment 50,000 Issuance of common stock 70,000 Purchase of equipment 30,000 Payment of cash dividends 60,000 Net cash provided by investing activities is a. $130,000. b. $120,000. c. $190,000. d. $150,000.
Answers
Answer:
$130,000
because: $100,000 + $60,000 - $30,000 = $130,000
Explanation:
who is not a stakeholder in a business
Answers
Stakeholders excluded are those such as children or the disinterested public, originally because they had no economic impact on the business.
Who is a Stakeholder?A stakeholder is a party who has an interest in a company and who can influence or be influenced by the company. The main stakeholders in a typical company are investors, employees, customers and suppliers.
However, with the growing focus on corporate social responsibility, the concept has extended to communities, governments, and industry associations.
Now that the concept has a human-centric perspective, while some groups, such as the general public, can be recognized as stakeholders, others remain excluded. Such a perspective does not give plants, animals, or even geology a voice as stakeholders, but only instrumental value in relation to human groups or individuals.
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Taxpayers get their refunds fastest when they file electronically.
True or False
Answers
Answer:
True
Explanation:
purchased goods of rs 40000 journal entries
Answers
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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Economics Unit 5 Study Guide
Answers
The Government agency and the organizations are the groups that are facilitated for the working by the government, privately or with government support.
What is Government agency?The Government agency and the organizations are the groups that are operated either privately or by the government for the operation of the task.
The Government agency is defined as a public organization with the task to complete the work for the government.
The Government Contractor is a private business that works for the completion of the government work.
The Government Corporation is given as the establishment for the independent operation of the goods and services supported by the government.
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One way to make ratio analysis more meaningful is to compare the ratios of one firm to those of other firms in the same industry. True Or False
Answers
Hi,
I lead the Customer Support Team for the magazines category. Customer questions for one vendor have increased since the start of the promotional campaign. The campaign ended two months ago, but we are still getting many questions.
Can you help us understand why? The vendor’s performance metrics are below.
Thank you,
Carlos Henderson
Answers
Customer questions for one vendor have increased with the promotional campaign because it doesn't meet the customer satisfaction in terms of :
product satisfactionQualityCommitment to feedbackWhy do companies get so much question after promotional campaign ?Promotional campaign were to sensitize the potential customer about a particular product from a company so as to attract them to make a purchase.
However, this campaign should be able to tell more about the product up to some extent that they will get convinced about the product, failure of this will make the potential customer to inquire more out of doubt about the product and this will show in the Vendor performance metrics.
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PLEASE HELP !! (58 points!)
Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit
report?
Answers
I hope this helps! :)
Kevin owns a toy company. How should he ensure that his customers are receiving a high-quality product
A. Offer a discount on future purchases to customers
B. Repair products that have been sold to customers and are broken
C. Survey customers and ask for suggestions
D. Test a prototype
Answers
Option (d), Kevin owns a toy store. In this method, he may run a prototype test to ensure that his customers are receiving a high-quality product.
How do you know your customer service is top-notch?If you pay attention to your customers, acknowledge their needs, thank them, and create a warm, welcoming environment, they will think highly of you. A satisfied consumer is more inclined to buy more from you again. Additionally, they could suggest others to your business.
Kevin has several alternatives to ensure that his customers receive high-quality products.
One option is to test a prototype first to ensure the finished product satisfies the appropriate quality standards.Additionally, he may improve the quality of the finished product by using customer feedback. He may conduct client surveys and ask for suggestions in order to understand more about their preferences and goals.Kevin may also offer a warranty or guarantee on his goods and repair or replace any defective things that he has sold to customers.By doing this, he could demonstrate his concern for customer satisfaction and enhance his company's reputation as a producer of high-quality items.Learn more about customer satisfaction: https://brainly.com/question/28387894
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Karl works at Moe's grocery. This year Karl was paid $43,000 in salary but he was allowed to purchase his groceries at 10% below Moe's cost. This year Karl spent $3,600 to purchase groceries costing Moe $4,000 and worth $6,000. What amount must Karl include in his gross income
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Answer:
$43,400
Explanation:
Calculation for the What amount must Karl include in his gross income
First step is to calculate the Imputed income
Imputed income =$4,000-$3,600
Imputed income=$400
Now let Find the gross income of Karl using this formula
Gross income=Total salary + Imputed income
Let plug in the formula
Gross income=$43,000+$400
Gross income=$43,400
Therefore the amount must Karl include in his gross income will be $43,400
In order to construct a riskless portfolio using two risky stocks, one would need to find two stocks with a correlation coefficient of ________.A. 1.0B. 0.5C. 0D. -1.0
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Finding two stocks with such a coefficient of correlation of -1.0 would be necessary in order to create a riskless portfolio utilizing two risky stocks.
What programming language is used by Construct?Both writing Javascript in distinct JavaScript files and replacing actions and events with JavaScript code are supported by Construct. In addition to utilizing the full potential of the programming language JavaScript in your projects, this is a fantastic way to learn how to code.
Is Construct an improvement over Game Maker?Reviewers found Construct to be overall easier to be using, set up, and conduct business with when comparing the two alternatives. However, critics favored GameMaker's simplicity of administration. Construct, according to reviewers, better suits their business demands than GameMaker.
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1: Caleb Griffin's filing status is married filing jointly, and he has earned gross pay of $3,100. Each period he makes a 401(k) contribution of 7% of gross pay. His current year taxable earnings for Medicare tax, to date, are $198,400.
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The value of Social Security Tax is $192.20 and Medicare tax is $ 44.95
What is social security tax?Social Security is the commonly used term in the United States for the federal Old-Age, Survivors, and Disability Insurance (OASDI) programme, which is administered by the Social Security Administration (SSA). The original Social Security Act was passed in 1935, and the current version of the Act, as amended, covers a variety of social welfare and social insurance programs.
The current social security tax rate is 6.2% for the employer and 6.2% for the employee, for a total of 12.4%.
The current Medicare rate is 1.45% for the employer and 1.45% for the employee, for a total of 2.9%.
Using this information, the respective taxes will be as follows:-
Social Security tax = Gross Pay x 6.2%
= 3100 x 0.062 = $192.20
Medicare tax = Gross Pay x 1.45%
= 3100 x 0.0145 = $44.95
Hence, the Social Security tax that Caleb Griffin has to pay is $192.20, and the Medicare tax he has to pay is $44.95 per month, after earning a gross pay of $3100.
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Your question is incomplete, but most probably the full question was,
Caleb Griffin's filing status is married filing jointly, and he has earned gross pay of $3,100. Each period he makes a 401(k) contribution of 7% of gross pay. His current year taxable earnings for Medicare tax, to date, are $198,400.
social security tax = $
Medicare tax = $