sment / ACCT100 Assessment 3
Superhub Ltd carries an inventory of a type of electrical device for electrician. The store uses the FIFO method and a perpetual inventory
system. Business records indicate the following transactions for the device.
July 1 (beginning): the store had 100 units of device costing $103 each
July 10: 150 devices were purchased each costing $91
July 15: 173 devices were sold
July 22: 200 devices were bought for $113 each.
July 30: 194 devices were sold
Determine the amounts of Superhub Ltd's ending inventory (at 31 July) in the month of July using the FIFO method.
st
Answer:
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Answers
Answer:
The value of closing inventory using FIFO under perpetual inventory system is $9379
Explanation:
The FIFO or first in first out method is a method of inventory valuation which basis the value of ending inventory on the assumption that the inventories that were purchased first were the ones that were sold first and the closing or ending inventory is comprised of the most recent purchases.
The perpetual method of inventory recording makes real time record and changes in the inventory level as soon as a transaction relating to inventory occurs.
The ending inventory of the business can be calculated as follows:
Transaction Purchases Sale Balance
1. Opening Inventory (100 * 103) 10300
2. July 10 purchase (150 * 91) 13650 23950
3. July 15 sale (100*103 + 73*91) 16943 7007
4. July 22 purchase (200 * 113) 22600 29607
5. July 30 sale (77*91 + 117*113) 20228 9379
Totals 36250 37171 9379
The value of closing inventory is $9379. The sale made on July 15 was made through using 100 units of opening inventory at a cost of $103 per unit and 73 units from July 10 purchases at $91 per unit.The sale made on July 30 was made through using the remaining units of July 10 purchases (150 - 73 = 77) at $91 per unit and using the units from July 22 purchase (194 - 77 = 117) at $113 per unit.The closing inventory in units is = 200 - 117 = 83The cost of closing inventory is 83 * 113 = $9379Related Questions
In the formula I=P•r•t, what does r stand for
Answers
Answer:
In the formula I=P•r•t, the r stands for rate.
How can a Project Manager void project team cohesiveness?
Hands-On/Hands-Off approach
Ease up and less-intense attitude
Invoke Task Urgency
Make communicating and collaboration simplistic
Use micromanagement
Answers
A project manager can potentially undermine project team cohesiveness by adopting certain approaches or behaviors. Here are five ways that a project manager could contribute to a lack of cohesiveness within the team:
How can a Project Manager void project team cohesiveness?Hands-Off Approach: If the project manager adopts a hands-off approach and fails to provide clear direction, guidance, or support to the team members, it can lead to confusion and a lack of unity among team members.
Ease Up and Less-Intense Attitude: If the project manager displays a lack of commitment or enthusiasm towards the project, it can negatively impact the motivation and engagement of the team. This can result in reduced collaboration and cohesiveness.
Invoking Task Urgency: While a sense of urgency is necessary for project success, excessive and unrealistic pressure on the team to constantly rush tasks and meet aggressive deadlines can lead to stress, burnout, and a breakdown in team cohesiveness.
Simplistic Communication and Collaboration: If the project manager does not facilitate effective communication and collaboration channels, such as regular team meetings, sharing of information, and fostering an environment of open dialogue, it can hinder the team's ability to work together cohesively.
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Sunland Company purchases $50,400 of raw materials on account, and it incurs $61,300 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April.
No. Date Account Titles and Explanation Debit Credit
a) Mar. 31
b) 31
Answers
Answer:
A. Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. 31
Dr Factory labour $61,300
Cr Factory wages $61,300
Explanation:
Preparation of the Journal entries for Sunland Company
A. Since we were told that the company purchases the amount of $50,400 of raw materials on account this means that the transaction will be recorded as:
Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. Based on the information given we were told that the company incurs the amount of $61,300 of factory labor costs this means that the transaction will be recorded as:
31
Dr Factory labour $61,300
Cr Factory wages $61,300
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
Answers
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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A Market share is usually stated as a
Answers
Answer:
stock
Explanation:
a stock is a a share of a company
true or false:
Not-for-profit organizations have the same goals as for-profit organizations
Answers
Answer: False
Explanation:
The ultimate goal of a non-profit should be to ensure that there are enough earnings to continue making a difference, whereas the ultimate goal of a for-profit firm is usually to maximize earnings and financial benefits for its owners and/or shareholders.
I need help with the operation management assignment plz
Answers
if GDP in government spending Remains the Same and alpetra is a closed economy what is the change in investment
Answers
Answer:
No change
Explanation:
The complete question is "The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption, and Government spending remains the same and Alpetra is a closed economy, what is the change in investment?"
The closed economy equilibrium is at: Y = C + I + G. Where Y = Real GDP, C = Consumption, I = Investment and G = Government spending.
The Y, C, G are constant so the investment is not changed. I = Y - C - G. So, this is the same before-tax and after-tax change.
Mark and Ryan just moved into their first apartment together and they want to buy a flat screen TV for the living
room. They both work but between college tuition, books and rent their funds are running low. Mark decides to take
advantage of a financing offer from a local electronics store and buys the TV on a line of credit.
Is this a good or bad debt move? Why?
Answers
Answer:
I need points sorry plss forgive I really need it pls
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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Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.
1. Soo uses leadership skills to guide a group of people in religious worship.
2. Jacqueline stays calm even when counseling patients who are angry or upset.
3. Brent uses math skills to help people fill out financial paperwork.
4. Nakisha provides therapy to families and has a master’s degree in Psychology.
5. Tao pays close attention to what patients say and how they behave during counseling sessions.
6. Adam lifts and carries young children while playing with them outdoors.
Answers
Answer:
Jacqueline, Nakisha, Tao or B, D, E
Explanation:
got it right
Answer:
B. Jacqueline stays calm even when counseling patients who are angry or upset.
D. Nakisha provides therapy to families and has a master’s degree in Psychology.
E. Tao pays close attention to what patients say and how they behave during counseling sessions.
Explanation:
edge 2021 :)
stay safe and good luck <3
what would you expect to happen to wrigley's eps if it issued $3 billion in debt and:used the proceeds to pay a dividend? used the proceeds to repurchase shares? calculate thepotential eps's given the following incomes. assume the numbers are in millionwhat would you expect to happen to wrigley's eps if it issued $3 billion in debt and:used the proceeds to pay a dividend? used the proceeds to repurchase shares? calculate thepotential eps's given the following incomes. assume the numbers are in million
Answers
If $3 billion of new debt is issued to purchase shares, the number of shares outstanding will fall; but, if dividends are paid with this borrowed money, the number of shares outstanding will not change.
The worth of a company's net assets is equal to the total assets less intangible assets (patents, goodwill, etc.) and liabilities. When the corporation issues new debt, the book value is unaffected because there is a $3 billion increase on both sides of the balance sheet. The book value of the shares is unaffected by the dividend payment.
The share price will be reduced by the dividend paid per share. The act of buying back shares of company stock will not have an immediate effect on the share price.
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explain all the dimensions of Management functions in Human Resource management
Answers
Answer:down
Explanation:The four dimensions of human resource management practices are: Managing The Human Resource Environment, Acquisition and Preparation of Human Resources, Assessment and Development of Human Resources, and Compensation of Human Resources as stated by Noe et al (2010).
Answer: HR managers carry out a variety of tasks to ensure a business runs smoothly. The various dimensions of management functions in Human Resource management are as follows:
Explanation:
a. Planning
Planning for various things, from the hiring process to training and development programs, is the most crucial duty of an HR manager. Planning lays the foundation for other HR management responsibilities, such as determining job qualifications and the organization's need for recruitment.
b. Organizing
An HR manager is responsible for performing this role after the planning phase (discussed above) is finished. To meet the requirements and wants of the workforce while achieving business goals, they must create strategies and programs.
c. Directing
To carry out the goals and plans they have developed, HR managers need personnel. As a result, they lead their teams in a way that carries out the manager's goals and strategies. They assign tasks to the team members and keep tabs on their performance to assess their progress.
d. Controlling
One of the most significant managerial duties and obligations of an HR manager is this. In doing so, the HR manager monitors deviations, corrects them, and compares the results to the objectives. This entails tasks like audits and appraisals.
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Someone who takes charge and solves problems without being asked to is demonstrating.
a. loyalty
b. malleability
c. cooperativeness
d. initiative
.
Answers
Cooperativeness was my second choice, but initiative means to be forward and be the one to take charge.
Answer:
D.
Explanation:
Which of the following statements about striving to reduce labor costs per pair produced at each of the company's production facilities is true? Companies producing branded footwear with an S/Q rating above 5.0 stars are unlikely to achieve labor costs per pair produced that are below the industry average in those geographic regions where they have production facilities Achieving labor productivity of 3,700 pairs per worker at a production facility is nearly always sufficiently high for a company's production labor costs per pair (after rejects) at the facility to be close to the industry-low (as reported on p. 6 of the most recent FIR) Achieving labor costs per pair produced at a particular production facility that are below the region's industry-average (as reported on p. 6 of FIR) requires company managers each year to seek out a combination of base pay increases, incentive payments per non- defective pair produced, total annual compensation, and expenditures for best practices training at the facility that is projected to achieve labor costs per branded pair lower than the_prior year (since worker productivity at each production facility should be trending upward over time). The most cost effective way for a company to achieve low labor costs per pair produced is to give production workers annual base pay increases in the range of 10% to 15% annually in each geographic region where it has production facilities. The simplest and most effective way for a company to achieve labor costs per pair produced that are below the industry average is to compensate production workers at levels that are below the industry average in each geographic region where it has production facilities.
Answers
The subsequent declaration is true: The handiest and the only manner for corporation to obtain hard work prices in step with pair produced which might be under the enterprise common is to compensate manufacturing employees which might be under the enterprise common in geographic location where it has manufacturing facilities.
The required details for Industry averages in given paragraph
Industry averages (of economic ratios) are usually the use of as benchmarks or gear which facilitates commercial enterprise to make comparisons that facilitates to decide its role withinside the enterprise and examine economic overall performance of the commercial enterprise. It is a beneficial device for commercial enterprise managers and investors, facilitates with choice making process. It constitute information figures of diverse commercial enterprise groups throughout unique industries of manufacturing awesome merchandise and services. Some people and groups use enterprise averages as a beneficial gear, it offers a medium degree of all different competition overall performance.[Compare their personal information parent with the ones averages, it may assist character or business enterprise to make choices and predictions approximately viable outcomes.
Such as, Investors examine an business enterprise's economic ratios with enterprise averages to assess whether or not the business enterprise have capability electricity to boom withinside the future, and degree of chance for the investment.
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The subsequent declaration is true: The handiest and the only manner for corporation to obtain hard work prices in step with pair produced which might be under the enterprise common is to compensate manufacturing employees which might be under the enterprise common in geographic location where it has manufacturing facilities.
The required details for Industry averages in given paragraph
Industry averages (of economic ratios) are usually the use of as benchmarks or gear which facilitates commercial enterprise to make comparisons that facilitates to decide its role within side the enterprise and examine economic overall performance of the commercial enterprise. It is a beneficial device for commercial enterprise managers and investors, facilitates with choice making process. It constitute information figures of diverse commercial enterprise groups throughout unique industries of manufacturing awesome merchandise and services. Some people and groups use enterprise averages as a beneficial gear, it offers a medium degree of all different competition overall performance. Compare their personal information parent with the ones averages, it may assist character or business enterprise to make choices and predictions approximately viable outcomes.
Such as, Investors examine an business enterprise's economic ratios with enterprise averages to assess whether or not the business enterprise have capability electricity to boom within side the future, and degree of chance for the investment.
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Are the following statements true or false?
(a) Perfect competition has an identical good.
(b) A monopolistically competitive firm makes zero economic profit in the long run.
(c) The defining feature of oligopoly is a large number of firms.
(d) A natural monopoly arises because of the existence of economies of scale.
Answers
(a) The given statement, "Perfect competition has an identical good" is true.
(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.
(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.
(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.
(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.
(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.
(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.
(d) A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.
Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.
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john and mabel's company, high-tech solutions, is a medium-sized high-tech firm with a core employee group of highly skilled professionals. around this core is a group of twice as many part-time contract programmers and other computer professionals. as they win programming contracts, they hire contract workers. when work slows, they let the part-timers go but keep their core group. their target industries are facing increasing government scrutiny and possible regulation due to the number of firms that are doing poor work and causing long-term problems for customers. john believes, when hiring for either the core group or for the part-time work force, they need to look not only at each candidate's technical work skills and competency but also think about other factors as well: the candidate's emotional control, team orientation, self-awareness, self-esteem, and what the company has to offer them in terms of family support. mabel agrees to a degree. she thinks that the key to productivity and quality is through their people, but she wants to focus more on technical competencies and less on the other areas john mentions. high-tech solutions uses teams extensively. employees are trained how to work in teams, handle conflict, work cooperatively, etc. joan, a five-year veteran at high-tech, plays softball in a church league with several of her coworkers. she has asked for investment advice from a couple of the work-group members who are heavily into the stock market. she, in general, highly enjoys her work because of the relationships she has with her coworkers. in sharp contrast, one of the new employees is having a hard time with her supervisor. she wants greater independence and more affirming feedback. the supervisor wants to be sure the new employee can do her job, so he is supervising closely and is giving a lot of corrective feedback. refer to case 1.1. john's approach to hiring is an example of the concept of hiring
Answers
The idea of employing a total person is demonstrated by John's hiring strategy.
The Total Person concept is a way of life that emphasizes goal-setting and action plans that take into account six crucial areas: family and home, financial and career, mental and education, physical and mental well-being, social and cultural diversity, and morality and ethics. In this individualized Plan of Action, self-evaluations are used to help people determine their values, set priorities, and set goals. These efforts enable the individuals in your business to establish equilibrium in all six spheres of existence. People who attain that balance are happier and more productive, according to study, and when everyone is more productive, your organization as a whole performs better.
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A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is ?
Answers
Answer:
the cross elasticity of demand between a Pepsi and Coca-Cola is 5
Explanation:
The computation of the cross elasticity of demand is shown below:
= Percentage change in quantity demanded of one product ÷ percentage change in the price of other product
= -50 ÷ -10
= 5
Hence, the cross elasticity of demand between a Pepsi and Coca-Cola is 5
We simply applied the above formula so that the correct value could come
And, the same is to be considered
True or False: A partner cannot legally bind the other partners to a business agreement.
Answers
Answer: False
Explanation: In many cases, a partner will be able to bind the partnership without the other owners' consent. However, steps can be taken to prevent any one partner from entering into an agreement without the consent of the others.
Property assessed for tax purpose at 50% of market value. The tax rate being $4.90 per $100. Today rate has increased by $637. How much had the market value increased
Answers
Answer:
If the property was assessed for tax purposes at 50% of its market value and the tax rate was $4.90 per $100, the tax on the property would be calculated as follows:
Tax = (market value * 50%) * (tax rate / 100) = market value * (tax rate / 200)
If the tax rate increased by $637, the new tax on the property would be:
New tax = market value * ((tax rate + $637) / 200)
Since the tax on the property is constant, we can set the original and new tax equations equal to each other and solve for the market value:
market value * (tax rate / 200) = market value * ((tax rate + $637) / 200)
Dividing both sides by the market value and rearranging the terms, we find that:
(tax rate / 200) = ((tax rate + $637) / 200)
Solving for the tax rate, we find that:
tax rate = $637
Since the property was assessed for tax purposes at 50% of its market value, the market value of the property is equal to twice the tax rate. Therefore, the market value of the property increased by 2 * $637 = $1274.
Explanation:
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
Answers
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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In most situations, a small business should keep their business tax records for a minimum of how long
Answers
In most situations, a small business should keep their business tax records for a minimum for 3 years. If you don't submit a return, keep records for as long as necessary.
What do you mean by the business tax records?If you file a claim for credit or refund after filing your return, keep records for 3 years from the date of your initial return's filing or 2 years from the day you paid the tax, whichever comes first.
If you submit a claim for a deduction for bad debts or a loss from worthless securities, keep records for seven years.
If you fail to submit income that you should have reported and it represents more than 25% of the gross income listed on your return, keep records for six years.
Therefore, in most situations, a small business should keep their business tax records for a minimum for 3 years. If you don't submit a return, keep records for as long as necessary.
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lean production requires that activities be __________________ to achieve production using minimal inventories.
Answers
Lean production requires that activities be integrated to achieve production using minimal inventories.
What is Lean production?Lean manufacturing can be described as the methodology which help to focuses on minimizing waste within manufacturing systems with the productivity been maximized.
It should be noted that the Waste to the customers are those things that the customer do not see as a value to the product and they will not pay for it.
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The average job is now only —— years in length
Answers
The average job is now only 2 years in Job.
What is meant by the term average job?This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.
This means that the average worker can have as m aby other jobs that they want in their lifetime.
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Viewing a failed attempt as merely part of the process and a useful way to gain knowledge and become successful is known as
Answers
Viewing a failed attempt as merely part of the process and a useful way to gain knowledge and become successful is known as having a growth mindset.
It is the understanding that failure and setbacks are not indicative of one's fixed abilities, but rather opportunities for growth and improvement. Instead of viewing failure as a negative outcome, individuals with a growth mindset see it as a stepping stone toward success.
When someone embraces a growth mindset, they approach challenges with resilience and a willingness to learn from their mistakes. They understand that failure is not the end of the road but rather a chance to analyze their actions, identify areas for improvement, and adjust their strategies accordingly.
By adopting a growth mindset, individuals are more likely to persevere through obstacles, take risks, and continuously develop their skills. They view failure as valuable feedback and use it as a tool to gain knowledge and insights that can propel them forward in their journey toward success. This mindset fosters a sense of optimism, curiosity, and a love for learning.
Cultivating a growth mindset can lead to personal and professional growth, as it encourages individuals to embrace challenges, persist in the face of obstacles, and develop a lifelong love for learning and self-improvement. It allows individuals to harness the power of failure as a catalyst for growth and ultimately increases their chances of achieving success.
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Ali enjoys her graphic design class, and her friends and teachers often tell her she has a good eye for detail. Which type of education and career would best fit Ali’s artistic talents?
O. completing an apprenticeship to become a carpenter
O. earning an associate’s degree to become a construction supervisor
O. completing physical training to become a construction laborer
O. earning a bachelor’s degree to become an interior designer
Answers
Answer:
D. earning a bachelor's degree to become an interior designer
Explanation:
Answer:
D
Explanation:
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Which of the following statements about the master budget is not true?
-it is a series of budgets
-the first budget is the production budget
-merchandising firms have a purchases budget
-manufacturing firms have budgets for material, labor, and overhead.
-one of the last budgets is the cash budget.
Answers
The statement that perhaps the original budget is indeed the manufacturing budget is false.
What is the short definition of a budget?A budget is a financial plan that anticipates future income and expenses. Simply said, a budget projects future spending, savings, as well as projected income and costs. A budget is, to put it simply, a bill that takes into account both current and upcoming sources of revenue plus expenses.
What are the three different sorts of budgets?The three different types of budgets include cash flow, budget deficit, and deficit financial plans. A disclosure accounting that outlines revenue and expenses for a specific year is the state budget. By guaranteeing that you don't spend more of it than you make, a consumption means you to plan for both immediate and long-term needs.
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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
Answers
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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Question 10 of 20
What impact does a debit card purchase have on your account?
A. The purchase is added to the amount you will have to pay back.
B. The purchase does not directly impact your account.
C. The purchase is immediately withdrawn from your available funds.
D. The purchase is withdrawn from your available funds the following
week.
Answers
Answer:
C. The purchase is immediately withdrawn from your available funds.
Explanation:
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