One of your team members is struggling with preparation of balance sheet and he needs your assistance in completing it. He has come up with following missing information. You are required to complete this Balance sheet.
Assets Liabilities & Equity
Cash $ 100,000 Current Liabilities
Receivables Long Term Debt
Inventory Total Debt
Plant Common Equity $ 600,000
Total Assets Total Claims
Additional Information:
Current Ratio is 2.5 ; Average Collection Period is 54 days ; Total Debt to Total Assets 40 percent ; Total Asset Turnover is 2 ; Inventory Turnover 5.
Answers
Answer:
Balance sheet
Cash $100,000 Current Liabilities $320,000
Receivables $300,000 Long Term Debt $80,000
Inventory $400,000 Total Debt $400,000
Plant $200,000 Common Equity $600,000
Total Assets $1,000,000 Total Claims $1,000,000
Explanation:
a) Total Debt to Total Assets 40 percent:
This means that Equity = 60% (100 - 40%)
If Equity is 60% = $600,000, total claims or assets will be equal to $600,000/60% = $1,000,000
Therefore, total debt = $400,000 (40% of $1,000,000)
b) Total Asset Turnover is 2:
If total assets = $1,000,000 and the total asset turnover is 2 or Turnover/Assets = 2, where total assets = $1,000,000,
Therefore, Turnover = $2,000,000 ($1,000,000 * 2)
c) Inventory Turnover is 5:
Inventory Turnover = Turnover/Inventory = 5
= $2,000,000/Inventory = 5
Inventory = $2,000,000/5 = $400,000
d) Average Collection Period is 54 days:
= Accounts Receivable/Sales x 365 = 54
Accounts Receivable = $2,000,000/365 * 54 = $296,000 or approximately $300,000
Current assets:
Cash = $100,000
Receivables $300,000
Inventory = $400,000
Total = $800,000
e) Current liabilities = Current assets/2.5
= $800,000/2.5
= $320,000
f) Plant = Total assets - current assets
= $1,000,000 - $800,000
= $200,000
g) Long term debt = Total debt - Current liabilities
= $400,000 - $320,000
= $80,000
Related Questions
Can you name me 2 commercial products that donate to nonprofit organization?
Answers
Two commercial products that donate to nonprofit organizations are Netflix and Amazon.
What are nonprofit organizations?Nonprofit organizations or non-profit organizations, also known as non-business entities, not-for-profit organizations, or nonprofit institutions, is a legal entities organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties.
An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs etc.
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An electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States. They both invest funds into the partnership
and share in the control of the distribution and resources. The Japanese
company gets a tax advantage because of this partnership, and the U.S.
company gets an advantage because of the exclusivity agreement to carry
these electronic products. Which type of global entry strategy does this
example highlight?
Answers
Answer:
Creating a joint venture.
Explanation:
A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.
Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;
1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.
2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.
3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.
A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.
In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States.
Thus, the type of global entry strategy which this example highlight is creating a joint venture.
explain why maximizing Production does not always maximize profit
Answers
In the prepare phase of your analysis, you described the data sources you used. According to the Case Study Roadmap, this description should include where the data is located and how it is organized. It should also consider issues with bias or credibility, problems with the data, and how you verified its integrity. Finally, your description should explain how the data helped you answer your questions. Take a moment to review your description now. What steps could you take to make it even more descriptive? 1 point
Answers
To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:
Specify the location of the dataDetail the organization of the dataAddress bias and credibilitySome steps to make the data sources more descriptiveSpecify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.
Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.
Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.
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Fill out the tax forms for:Ivy Perry, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Eagle Beagle, Inc. She owns and operates Type It located near the campus of Florida Community College at 200 College Road. Ivy is a material participant in the business. She is a cash basis taxpayer. Ivy lives at 6020 College Road, Pensacola, Fla. 33210. Ivy's Social Security number is 123-44-5678. Ivy indicates that she wishes to designate $3 to the Presidential Election Campaign Fund. During 2021, Ivy had the following income and expense items: a. $50,000 salary from Legal Eagle Beagle, Inc. b. $20,000 gross receipts from her typing business c. $700 interest income from Florida Community Bank. d. $1,000 Christmas bonus from Legal Eagle Beagle, Inc. e. $60,000 life insurance proceeds on the death of her brother. f. $5,000 check given by her wealthy uncle g. $100 won in a bingo game. h. Expenses connected with the typing business: Office Rent Supplies Utilities and telephone Wages paid to part-time typists Payroll Taxes Equipment Rentals $7,000 4,400 4,680 5,000 500 3,000 i. $8,346 interest expense on a home mortgage (paid to Florida Community Savings& Loan) j. $5,000 fair market value of silverware stolen from her home by a burglar on October 12 2021; Ivy had paid $4,000 for the silverware on July 1, 2008. She was reimbursed $1,500 by her insurance company k. Ivy had loaned $2,100 to a friend, Deb Dobson, on June 3, 2018. Deb declared bankruptcy on August 14, 2021 , and was unable to repay the loan. Legal Eagle Beagle, Inc. withheld Federal income tax of $7,500 and FICA tax of $3,551 (which was adequate for 2021). Assume the loan is a bona fide debt. 1. m. Alimony of $10,000 received from her former husband, Tony Springfield. n. Interest income of $800 on City of Pensacola bonds. o. Ivy made estimated Federal tax payments of $1,000. p. Sales tax from the sales tax table of $654. q. Charitable Contributions of $2,500. What is the Total income, Adjusted gross income, Taxable income, Tax liability, and amount of federal tax due or refunded.
Answers
Based on the provided information, Ivy Perry's tax situation for 2021 is as follows:
Total Income: $71,800
Adjusted Gross Income (AGI): $47,220
Taxable Income: $34,670
Tax Liability: $3,961.40
Federal Tax Refund: $4,538.60
What is taxation?Taxation is the imposition of compulsory levies on individuals or entities by governments.
It should be noted that Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes.
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The law of demand states that as price increases, quantity demanded decreases. However, the amount that quantity demanded changes in response to a change in price varies from good to good. What are some factors that determine how much quantity demanded will change when price changes?
Answers
Answer:
IT WILL increase
Explanation:
as they get more quantity it will increase in price
these factors are because suppliers have an increased interest in producing goods to generate higher amounts of revenue.
This is a basic principle of the law of supply and demand.
The factors that determine how much quantity demanded will change when price changes include taste and preference of the customer and expectations of consumer in supply for future reference.
What is demand?When the willingness of an individual to buy any product is increased it gives rise to demand. This willingness will shift with a change in the price or quality.
Due to low purchasing power, demand for low-quality goods falls when an individual's income declines, and when an individual's income rises, demand falls because of increased purchasing power.
Several factors impact whether a good is in higher or lower demand. This comprises the cost of the product, how well it is received by consumers, the amount of advertising spent on the product, and so on.
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What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.
Answers
The difference between Marginal cost and Marginal Revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
What is Marginal Cost?Marginal cost refers to the additional cost incurred by increasing the quantity of a product by one unit. It could also be said to be the extra expense a business incurs when producing one additional product or service.
What is Marginal Revenue?Marginal revenue refers to the additional revenue generated by a business by producing an extra unit of a commodity.
As seen above, the difference between marginal cost and Marginal revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
Therefore option B is correct.
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Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 units at $12 29 Sale 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places. $ per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places. $ c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places. $ PreviousNext
Answers
a. To calculate the weighted average unit cost after the October 22 purchase, we need to calculate the cost of the goods available for sale and divide it by the total number of units available for sale.
First, let's calculate the cost of the goods available for sale:
Oct. 1 inventory: 320 units x $10 = $3,200
Oct. 22 purchase: 360 units x $12 = $4,320
Total cost of goods available for sale: $3,200 + $4,320 = $7,520
Next, let's calculate the total number of units available for sale:
Beginning inventory: 320 units
Oct. 22 purchase: 360 units
Total units available for sale: 320 units + 360 units = 680 units
Finally, we can calculate the weighted average unit cost:
Weighted average unit cost = Cost of goods available for sale / Total units available for sale
= $7,520 / 680 units
= $11.06 per unit (rounded to two decimal places)
Therefore, the weighted average unit cost after the October 22 purchase is $11.06 per unit.
b. To determine the cost of goods sold on October 29, we need to multiply the number of units sold by the weighted average unit cost.
From the information given, 180 units were sold on October 13 and 300 units were sold on October 29, for a total of 480 units sold.
Using the weighted average unit cost calculated in part (a), we have:
Cost of goods sold = 480 units x $11.06 per unit
= $5,308.80 (rounded to two decimal places)
Therefore, the cost of goods sold on October 29 is $5,308.80.
c. To determine the inventory on October 31, we need to subtract the number of units sold from the total units available for sale and then multiply that by the weighted average unit cost.
From the information given, 180 units were sold on October 13 and 300 units were sold on October 29, for a total of 480 units sold.
Total units available for sale: 680 units
Units sold: 480 units
Units in inventory on October 31: 680 units - 480 units = 200 units
Using the weighted average unit cost calculated in part (a), we have:
Inventory on October 31 = 200 units x $11.06 per unit
= $2,212 (rounded to two decimal places)
Therefore, the inventory on October 31 is $2,212.
Networking starts by developing a list of contacts.
True
False
Answers
Answer:
A
Explanation:
the correct answer is true
Omar Innovatives made considerations of purchasing capital equipment whose associated cash flows were as follows;
Answers
Based on the associated cash flows for the capital equipment to Omar Innovatives, the Payback period in years will be 0.5 years
How to find the Payback period?The payback period of an investment relates to the number of years it takes till the project is able to develop enough cash flows to pay back the initial investment amount.
The initial investment amount to Omar Innovatives Ltd was K100, 000 and in the first year, the project made back K200, 000.
This means that the project paid off its cash investment in the first year. To find the payback period in terms of years, the formula is:
= Cash investment / Cash flow in year of payback
= 100, 000 / 200, 000
= 0.5 years
The full question is:
Omar Innovatives Ltd made considerations of purchasing capital equipment whose associated cash flows were as follows;
Initial Investment K100, 000
Year One K200, 000
Year Two K300, 000
Year Three K400, 000
Year Four K500, 000
Year Five K100, 000
Average PBIT K93,500
Total Accumulated Depreciation K32,500
Taxation K15,200
What is the Payback period in years?
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I need a an idea of followership introduction help me!
Answers
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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Case Study Questions
In your opinion, what role did the Independence Day declaration have on the motivation of the people working at ISRO? Would the prior admission of the ISRO chairman in 2008 of a Mars mission have had any effect?
Evaluate the SMARTness of the objectives for the Mars Orbiter Mission. Analyse the decision taken by the chairman of ISRO to use the PSLV instead of the GSLV, in the context of being attainable vs. being challenging.
Discuss the role of the preparatory studies conducted for the Mars mission. What role did the success of the prior mission Chandrayaan-I have on the execution and planning for this mission?
What peripheral political advantage could India have envisaged for Mangalyaan? Would the mission have been conceived had the prior ISRO chairman been at the helm? Why or why not?
Answers
The Mangalyaan mission was subject to quite a bit of criticism, among them being the previous ISRO chairman, Dr Nair, who was of the opinion that ISRO should have focused on GSLV which would allow India to put up a stronger mission to Mars, due to the higher payload capacity of the GSLV.
Further, this could have augmented future space efforts by India. Near the culmination of the project however, all critics were full of praise for the scientific community of India. E.V. Chitnis, a scientist on the team that launched India's first rocket, asserted that critics had not accounted for the strides made by the country's space program and the ensuing economic benefits by demonstrating interplanetary capability.
ISRO's commercial arm, Antrix, has been putting satellites into orbit profitably, and a demonstration of the capability for interplanetary programs can only augment this.
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Slide presentation software
Internet access
Interview with business owner (optional)
Social entrepreneurs often develop social enterprises with a two-fold purpose: to achieve a profit and to support a social or an environmental goal. These goals often fit into their 3 Ps measure: profits, people, and planet.
In this activity, you will create a slideshow presentation about a social enterprise business in your local town, county, or state (or nearby locale, if none are in your own).
Step 1:
Review the criteria for social enterprises.
Research online for a list of businesses in your state.
Locate a business that is considered a social enterprise.
If possible, contact the business and get a statement from the owner about their social/environmental goals; ask if you can get permission to share a photo of the business.
Step 2:
Open a new slide deck
Create a title slide: Social Enterprise Business
Add 3–5 slides
Include a final reference slide
Step 3:
After title slide:
Slide 1: List the name and type of business
Slide 2: Provide a description of the business
Slide 3: Describe their social and/or environmental goals
Slides 4–5: If possible, share a statement from the owner about their goals and share a picture, if permission has been obtained.
Final slide: Reference slide
Answers
The slideshow presentation should include a title, business description, Social and Environmental Goals etc.
In business, a presentation is a formal or informal communication tool used to convey information to an audience. It can take various forms, such as a slideshow presentation, a speech, or a demonstration, and can be delivered in person or remotely.
The purpose of a business presentation is to inform, educate, persuade, or inspire the audience, depending on the topic and objective of the presentation.
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How does the slope of a supply or demand curve differ from elasticity of supply or demand?
Answers
The slope of a supply or demand curve differ from elasticity of supply or demand are to represent quantities to prices because of changes in the level of prices to changes in the level of quantity supply or demand.
What is demand?The term “demand” is believing on people wants and desires to the amount of money of goods and services. Demand is an economic notion that deals with the relation between user demand for goods and services and their market prices.
The slope of a supply curve is upward basis and the demand curve basis on downward to the right was the straight line. It was the change of prices in the level of quantity supply or demand. Elasticity of supply or demand was the quantity to price demanded or supplied.
As a result, the conclusion of the difference between are the aforementioned.
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DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answers
Answer:ok
Explanation:
Regulation Z of the Truth-in-Lending Law would apply to real estate loans for all except which of the following?Residential loanAgricultural loans over $25,000Agricultural loan under $25,000Personal Loan
Answers
Last option is correct. Regulation Z would apply to residential loans, but it would not apply to personal loans that are not secured by the borrower's dwelling, nor would it apply to agricultural loans over $25,000 or under $25,000, unless they are secured by the borrower's principal dwelling.
Regulation Z of the Truth-in-Lending Law applies to most types of consumer credit transactions, including residential loans, but it does not apply to all types of loans. Specifically, it does not apply to loans for business, commercial, or agricultural purposes, except for loans secured by the borrower's principal dwelling.
A personal loan is a credit that is provided with little to no documentation and without the need for security or collateral. The money from this debt can be put to any sane financial use. You must pay it back according to the conditions set forth by the bank, just like any other loan.
You can get protected or unsecured personal loans. Any personal credit that includes a requirement for collateral is referred to as a secured loan. For instance, you could use a physical asset like your vehicle or boat to obtain a personal loan instead of cash assets like a savings account or certificate of deposit (CD). The lender could retain the collateral as payment for the debt if you are in default on the loan.
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Do you agree that Whirlpool can realize a competitive advantage through its diverse employees?
Answers
Answer: Yes. Whirlpool can gain a competitive advantage by making use of everyone's talents.
Explanation:
Answer:
yes
Explanation:
On June 1, the company collected $16,800 cash, which is for services to be performed over the next 12 months. For the following two separate cases, prepare the adjusting entry and determine the balance of Deferred Service Revenue at year-end. Case A: $16,800 was credited to Service Revenue during the year. Case B: $16,800 was credited to Deferred Service Revenue during the year.
Answers
The preparation of the adjusting entry and the determination of the balance of the Deferred Service Revenue at year-end are as follows:
Case A Adjusting Entry:Debit Service Revenue $7,000
Credit Deferred Service Revenue $7,000
To record the deferred revenue for next year.Case B Adjusting Entry:Debit Deferred Service Revenue $9,800
Credit Service Revenue $9,800
To record the service revenue for the year.Transaction Analysis:Case A: $16,800 was credited to Service Revenue during the year.
Service Revenue $7,000 Deferred Service Revenue $7,000 ($16,800 x 5/12)
June 1 to December 31 = 7 months; (12 - 7 = 5 months)
Case B: $16,800 was credited to Deferred Service Revenue during the year.
Deferred Service Revenue $9,800 Service Revenue $9,800 ($16,800 x 7/12)
Thus, Case A emphasized that the cash receipt of $16,800 was credited to Service Revenue, the adjustment is to Deferred Service Revenue, and vice versa for Case B.
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if marginal cost is greater than average cost, then
Answers
The answer is marginal costs because they are the highest in the margin.
Hope this helps have a nice day :)
Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to be $150.00 and the fixed order cost is $44. What is the economic order quantity (EOQ)? (Round to the nearest whole number.)
Answers
Answer:
34
Explanation:
Given that:
The annual average inventory requirement = 2000
The carrying cost per order per annum = 150
The fixed cost per order = 44
Thus, the Economic ordering quantity can be calculated by using the formula;
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{2 \times Annual \ Demand \times Cost \ Per \ order}{ Annual \ holding \ cost \ per \ unit}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{2 \times 2000 \times 44}{ 150}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{176000}{ 150}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{1173.33333}\)
Economic Order Quantity (EOQ) = 34.25
Economic Order Quantity (EOQ) ≅ 34 to the nearest whole number.
This was not a necessarily an economically efficient move. The fact that it is scrap wood implies that it is not useful for the company's purposes, i.e., making furniture. It is presumptuous to associate a value of $150,000 or $29,000 to the scrap since there is no market for it and thus no market value can be assigned. There is no rational way to calculate the optimal amount of scrap wood. The manager did not go far enough. The most economically efficient outcome would be to reduce scrap altogether. Even at the reduced amount, the company is literally throwing away $29,000 per year when it could recoup that amount with greater diligence.
Answers
The manager's decision to reduce scrap wood is not economically efficient, and a more optimal outcome would be to aim for its complete elimination.
The manager's decision to reduce scrap wood, as mentioned in the provided excerpt, is deemed not economically efficient. While it is commendable, the most economically efficient outcome would involve completely minimizing scrap production. The fact that the wood is considered scrap implies its lack of usefulness for furniture manufacturing, making it inappropriate to assign a value of $150,000 or $29,000 to it since there is no existing market or ascertainable market value. Additionally, determining the optimal amount of scrap wood to maintain lacks a rational basis. Despite the manager's efforts, the company still wastes $29,000 annually, which could be salvaged through greater diligence. Thus, the recommended course of action is to aim for a total reduction in scrap production to achieve the utmost economic efficiency.In conclusion, while the manager's effort to reduce scrap wood is commendable, the most economically efficient outcome would be to strive for the complete elimination of scrap, minimizing waste and maximizing cost savings for the company.
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a While troubleshooting a problem, you realize the problem is caused by a complex series of issues that will affect a large number of users even to test your theory as to the cause, and that process won't even solve the problem. What should you do next in the troubleshooting process?
Answers
The next step to undertake in the troubleshooting process is:
To document the incident What is Troubleshooting?This refers to the various ways through which a person assesses a problem and eliminates them.
In the troubleshooting process, we can see that there are various processes which includes: Information gathering, analysis, implementation, etc.
However, as the problem is caused by complex issues, it is best to document the incident so that it can be more carefully analysed.
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What expectation for ethical behavior and procedures that should be followed?
Answers
Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.
However, there are some common principles and guidelines that can be followed. Here are a few key expectations:
Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.
Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.
Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.
Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.
Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.
Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.
Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.
These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.
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Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?
A.
No Cause for Alarm with Local Fish
B.
Few Fish Affected by Mercury, Study Finds
C.
Mercury Levels Not an Issue Here
D.
Toxic Ingredients in Local Seafood
Answers
The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.
Why is the title appropriate ?The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.
However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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If you contributed the full 6% of your $50,000 salary (the amount your company will match), what would be your monthly contribution to the 401(k)? What would be your employer’s contribution?
Answers
Answer:
Monthly contribution $6,000
Employers contribution $3,000
Explanation:
The employee contributions would be 6% of $50,000
=6/100 x $50,000
=0.06 x $50,000
=$3,000
If the employer matches the employee contribution, the employer will also contribute $3,000
The total employee monthly contribution would be $3000 + $3000= $6000
Employer contribution will $3000
How does training differ between companies that are considered BEST Award winners and those that are not?
Answers
Answer:
Generally, the companies that win the best award are those that provide best training to its employees. As the employees are trained with...
Explanation:
John is out sick today. Can you take on some of his work? Below are his activities that we need to complete today. How effective is it to submit vendor invoices only?
Answers
Submitting vendor invoices only can be effective in streamlining the accounts payable process and ensuring timely payment to vendors.
Accuracy and Accountability: By focusing on vendor invoices only, the accounts payable team can prioritize the verification and validation of invoices received from vendors. This allows for a more thorough review of the invoices, ensuring accuracy in terms of pricing, quantity, and terms. It also holds vendors accountable for delivering goods or services as per the agreed-upon terms.
Cost Efficiency: By focusing on vendor invoices, the accounts payable team can allocate their time and resources efficiently. This reduces the chances of errors and duplicate payments, leading to cost savings for the organization. It also enables the team to identify any discrepancies or discrepancies in vendor invoices promptly.
Better Vendor Relationships: Timely and accurate payment of vendor invoices improves relationships with suppliers and fosters trust. It helps maintain a positive rapport, which can lead to favorable terms, discounts, and improved service from vendors.
Process Standardization: Focusing on vendor invoices allows for standardization of accounts payable processes. It streamlines the workflow, simplifies the approval process, and ensures adherence to payment policies and procedures. Standardization improves efficiency, reduces errors, and enhances overall control over the accounts payable function.
However, it is important to note that focusing solely on vendor invoices may not capture the complete picture of accounts payable management. Other aspects such as expense reports, employee reimbursements, and other payables should still be monitored and processed accordingly.
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Using the Internet, local newspapers, and/or any regional information, write a 500-word report on on-line banking. In your report, tell of the advantages (if any) over regular banking. Why would it be attractive to people? What conveniences are offered? Is it safe, or will other people get access to your accounts?
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Introduction:
In today's digital age, the convenience and accessibility of online banking have revolutionized the way people manage their finances. With the advent of the internet and advanced technology, traditional banking has been transformed, offering numerous advantages to account holders. This report explores the benefits, conveniences, and safety measures associated with online banking, addressing concerns about security and access to accounts.
Advantages of Online Banking:
1. Convenience: Online banking provides unparalleled convenience, allowing individuals to access their accounts anytime and anywhere. Whether from the comfort of their homes, offices, or while on the go, customers can perform various banking transactions with just a few clicks. This eliminates the need to visit physical bank branches, saving time and effort.
2. 24/7 Accessibility: Online banking operates round the clock, providing customers with continuous access to their accounts and financial information. This flexibility enables individuals to check balances, review transaction history, transfer funds, pay bills, and manage investments at their convenience, even outside traditional banking hours.
3. Enhanced Efficiency: Online banking streamlines financial tasks by automating processes that would typically require manual intervention. Features like recurring payments, online transfers, and electronic statements simplify account management, making it easier to track expenses and monitor financial health.
4. Cost Savings: Online banking often offers reduced or waived fees compared to traditional banking services. Electronic transactions, such as online bill payments and fund transfers, eliminate the need for paper checks and postage fees. Additionally, online banks may have lower overhead costs, allowing them to pass on these savings to their customers.
Conveniences Offered by Online Banking:
1. Online Bill Payment: Online banking enables users to pay bills electronically, eliminating the hassle of writing checks and mailing payments. Many banks offer automated bill payment options, allowing customers to set up recurring payments for regular expenses, ensuring bills are paid on time.
2. Mobile Banking: The rise of mobile banking applications provides users with the convenience of accessing their accounts and conducting transactions directly from their smartphones or tablets. Mobile banking apps offer functionalities such as mobile check deposit, account alerts, and real-time balance updates, enhancing the banking experience on the go.
3. Electronic Fund Transfers: Online banking facilitates quick and secure fund transfers between accounts, both within the same bank and to other financial institutions. Transferring money to family, friends, or businesses is made simple through features like interbank transfers, person-to-person payments, and wire transfers.
Safety and Security Measures:
Online banking employs advanced security measures to protect customers' financial information and transactions. These measures typically include encryption protocols, secure login procedures, and multifactor authentication. Additionally, reputable online banks implement robust firewalls and regularly update their systems to safeguard against cyber threats.
While online banking has seen significant advancements in security, it is crucial for users to practice responsible online behavior. This includes regularly updating passwords, being cautious of phishing attempts, and ensuring the use of secure networks when accessing online banking platforms.
Conclusion:
Online banking offers numerous advantages and conveniences that have made it an attractive option for many individuals seeking efficient and accessible financial management. The convenience of 24/7 access, cost savings, and streamlined processes are key factors that have contributed to its popularity. When coupled with the industry's commitment to robust security measures, online banking provides a safe and reliable means of managing personal finances in the digital age.
Note: The information provided in this report is based on general knowledge and may vary depending on the specific online banking services and institutions. It is advisable to consult the policies and terms of your chosen online banking provider for detailed information.
1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
Answers
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
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