smith bank has $15 million in deposits, $2 million in loans, $8 million in bonds and $4 million in reserves. what is the bank's net worth?
Answers
The net worth of Smith Bank is $4 million.
The net worth of a bank is also known as its equity or capital. It represents the residual interest in the bank's assets after deducting its liabilities.
We can calculate the net worth of Smith Bank by subtracting its total liabilities from its total assets:
Total assets = $15 million (deposits) + $2 million (loans) + $8 million (bonds) + $4 million (reserves) = $29 million
Total liabilities = $15 million (deposits) + $2 million (loans) + $8 million (bonds) = $25 million
Net worth (equity or capital) = Total assets - Total liabilities = $29 million - $25 million = $4 million
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Related Questions
Create a multimedia presentation to describe your personal characteristics
Answers
The multimedia presentation to that tells about my personal characteristics we center around my attributes :
It will start with the introduction of myselfThen I will talk about my attributes such as being kind, playful and intelligence.Then I will conclude about my likes and dislike.What are the characteristics of multimedia presentation?A multimedia presentation is known to be a type of presentation that is said to make use of a lot of different forms of digital communication, such as video, interactive kind of slides, audio clips and others
A multimedia presentation is seen to be a form of a stand alone presentation that is made up of the use of information shown with the use of slides, video, and others.
Hence, The multimedia presentation to that tells about my personal characteristics we center around my attributes :
It will start with the introduction of myselfThen I will talk about my attributes such as being kind, playful and intelligence.Then I will conclude about my likes and dislike.Learn more about multimedia presentation from
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X-Perience manufactures snowboards. Its cost of making 24,900 bindings is as follows: (Click the icon to view the costs. ) Suppose an outside supplier will sell bindings to X-Perience for $14 each. X-Perience will pay $2. 00 per unit to transport the bindings to its manufacturing plant, where it will add its own logo at a cost of $0. 70 per binding. Read the requirements. Х Data table Requirements w whether the company should ma ce column when the cost to make e Direct materials $ 27,000 84,000 Direct labor. Variable manufacturing overhead Fixed manufacturing overhead 54,000 84,000 1. X-Perience's accountants predict that purchasing the bindings from the outside supplier will enable the company to avoid $2,000 of fixed overhead. Prepare an analysis to show whether the company should make or buy the bindings. 2. The facilities freed by purchasing bindings from the outside supplier can be used to manufacture another product that will contribute $3,400 to profit. Total fixed costs will be the same as if X-Perience had produced the bindings. Show which alternative makes the best use of X-Perience's facilities: (a) make bindings, (b) buy bindings and leave facilities idle, or (c) buy bindings and make another product. $ 249,000 Total manufacturing costs Cost per pair ($249,000 = 24,900) $ 10. 00 X-Perience manufactures snowboards. Its cost of making 24,900 bindings is as follows: Requirement 1. X-Perience's accountants predict that purchasing the bindings from the outside supplier will enable the company to avoid $2,000 of fixed overhead. Prepare an analysis to show whether the company should make or buy the bindings. (Enter a "o" for any zero balances. Round any per unit amounts to the nearest cont and your final answers to the nearest whole dollar. Use a minus sign or parentheses in the Difference column when the cost to make exceeds the cost to buy. ) a Incremental Analysis Outsourcing Decision Make Bindings Buy (Outsource) Bindings Difference Variable Costs Plus: Fixed Costs Total cost of 24,900 bindings Decision Requirement 2. The facilities freed by purchasing bindings from the outside supplier can be used to manufacture another product that will contribute $3. 400 to profit. Total fixed costs will be the same as if X-Perience had produced the Show which alternative makes the best use of X <-Perlence's facilities: (a) make bindings. (b) buy bindings and leave facilities idle, or (c) buy bindings and make another product. (Enter a 'o'for any zero balances. Round any per unit amounts to e bindings the nearest cent and your final answers to the nearest whole dollar. ) Buy (Outsource) Bindings Incremental Analysis (a) Make (b) Leave (c) Make Outsourcing Decision Binding Facilities Idle Another Product Variable Costs Plus: Fixed Costs Total cost of 24,900 bindings Less: Profit from another product Net cost Decision:
Answers
Requirement 1: X-Perience should outsource the bindings since it can save $5.70 ($16.70 - $10.99) per binding, or $141,930 ($5.70 × 24,900) in total.
Requirement 2: X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product.
1. Analysis to show whether the company should make or buy the bindings:X-Perience should buy bindings from the outside supplier. Here's why:Variable costs per binding:
Direct materials: $27,000/24,900 = $1.08Direct labor: $84,000/24,900 = $3.37Variable manufacturing overhead: $54,000/24,900 = $2.17Total variable cost per binding: $6.62
Total cost per binding if X-Perience makes it:Variable cost per binding: $6.62Fixed manufacturing overhead cost per binding: $84,000/24,900 = $3.37
Total cost per binding: $10.99X-Perience will pay $14 + $2 + $0.70 = $16.70 per binding to buy from an outside supplier. The cost to make each binding is $10.99. Therefore, X-Perience should outsource the bindings since it can save $5.70 ($16.70 - $10.99) per binding, or $141,930 ($5.70 × 24,900) in total.
2. Analysis to show which alternative makes the best use of X-Perience's facilities:X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product since it will lead to the highest profit. Here's why:
Total fixed cost of making the bindings: $84,000 + $84,000 = $168,000
Total cost of making the bindings: $249,000 + $168,000 = $417,000
Total profit from making another product: $3,400Total cost of outsourcing bindings: $16.70 per binding × 24,900 = $416,730
Total net cost of making another product after outsourcing the bindings: $416,730 - $3,400 = $413,330If X-Perience makes bindings, then it has no facilities left to manufacture another product, so the total profit will be $0. If X-Perience buys bindings and leaves the facilities idle, then the total profit will be $0. However, if X-Perience buys bindings and makes another product, then the total profit will be $3,400. Therefore, X-Perience should buy bindings from an outside supplier and use the facilities to manufacture another product.
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How did Adam Smith's economic beliefs lead to the development of a new economic system?
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Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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A traditional store selling products
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Do you think JNK should be more ethical? Explain your answer.
Answers
Answer:
"god is a woman"
Explanation:
"and its megan thee stallion"
When something is grown and harvested in the same country it is distributed in, it can be considered what?
capital
international
duties
domestic
Answers
Answer:
domestic
Explanation:
In business, domestic refers to the home country of the producer or consumer. The domestic market is the market within the borders of the seller's country. Domestic contrasts with international, which refers to beyond the borders of a country.
Products that are produced and distributed within the country are domestic products. They are often referred to as local products. Domestic goods become exports if sold outside the borders of their country of origin.
Complaints against corporations are generally served on
Answers
Complaints against corporations are generally served on the registered agent of the corporation.
A registered agent is a designated individual or company that is authorized to receive legal and other official documents on behalf of the corporation. The registered agent's name and address are publicly listed with the state in which the corporation is incorporated. The purpose of serving complaints on the registered agent is to ensure that the corporation is properly notified of the legal action being taken against it. This allows the corporation to respond appropriately and defend itself in court if necessary. Serving complaints on the registered agent also helps to ensure that legal proceedings are conducted in a fair and transparent manner, with all parties having access to the same information.
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Complete question:
Complaints against corporations are generally served on
the post office
an agent the corporation has appointed to receive service
the district attorney
the secretary of state of the state which the business is incorporated
Some apps assist leaders in performing consideration behaviors by Multiple Choice providing information to employees. giving approval or disapproval.
Answers
Some apps assist leaders in performing consideration behaviors by providing information to employees and giving approval or disapproval through multiple-choice options.
These apps serve as communication and feedback tools, allowing leaders to share important information and updates with their teams. By offering multiple-choice options for approval or disapproval, leaders can quickly gather feedback and make informed decisions. This approach promotes consideration behaviors by ensuring that employees have access to relevant information and opportunities to express their opinions.
Additionally, these apps streamline the process of collecting and analyzing data, making it easier for leaders to track employee sentiment and identify areas that require attention. By utilizing such apps, leaders can foster a more inclusive and participative work environment, where employees feel heard and valued, ultimately enhancing their engagement and overall satisfaction.
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both if possible please2.5 pts Question 12 If the wage rate is lower than the value of the marginal product of labour, O a profit-maximizing competitive firm continues to hire more capital. O a profit-maximizing competitive
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In a profit-maximizing competitive firm, the decision to hire more labor or capital depends on comparing the wage rate with the value of the marginal product of labor or capital, respectively.
If the wage rate is lower than the value of the marginal product of labor, then the firm will hire more labor, as each additional unit of labor will increase output by more than the cost of hiring that unit of labor. On the other hand, if the wage rate is higher than the value of the marginal product of labor, then the firm will not hire any more labor, as each additional unit of labor will cost more than the value it adds to output. Instead, the firm may choose to hire more capital, as long as the value of the marginal product of capital is higher than the cost of hiring that unit of capital. Therefore, if the wage rate is lower than the value of the marginal product of labor, a profit-maximizing competitive firm will continue to hire more capital until the marginal product of capital is equal to its cost, which is the condition for profit maximization. In this situation, the firm will expand production and increase profits as long as the market demand for its output remains strong.
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In a profit-maximizing competitive firm, the decision to hire more labor or capital depends on comparing the wage rate with the value of the marginal product of labor or capital, respectively.
If the wage rate is lower than the value of the marginal product of labor, then the firm will hire more labor, as each additional unit of labor will increase output by more than the cost of hiring that unit of labor. On the other hand, if the wage rate is higher than the value of the marginal product of labor, then the firm will not hire any more labor, as each additional unit of labor will cost more than the value it adds to output. Instead, the firm may choose to hire more capital, as long as the value of the marginal product of capital is higher than the cost of hiring that unit of capital. Therefore, if the wage rate is lower than the value of the marginal product of labor, a profit-maximizing competitive firm will continue to hire more capital until the marginal product of capital is equal to its cost, which is the condition for profit maximization. In this situation, the firm will expand production and increase profits as long as the market demand for its output remains strong.
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Explain the role audit committee plays in the company
Answers
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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Ana is purchasing new furniture and must pay a 10% sales tax. she can have the furniture delivered for an additional $25 fee that is not taxed. which function represents the amount ana will pay for furniture with a pretax price of x dollars? p(x) = 0.10x 25 p(x) = 0.10(x 25) p(x) = 1.10x 25 p(x) = 1.10(x 25)
Answers
The algebraic expression for the amount Ana will pay for furniture with a pretax price of x dollars = 1.1x + 25
An algebraic expression in mathematics is an expression which is made up of variables and constants, along with algebraic operations. In mathematics, an expression that incorporates variables, constants, and algebraic operations is known as an algebraic expression (addition, subtraction, etc.). Terms comprise expressions.
At least one variable and one operation must be present in an algebraic expression (addition, subtraction, multiplication, division). One such algebraic expression is 2(x + 8y).
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Answer:
C on edg
Explanation:
got 100%
Dan wants to create a report that contains all fields from a table. Which option on the create tab should he utilize?
Answers
Answer:
Blank Report
Explanation:
1.XYZ company had a total profit of $500,000. XYZ's expenses were $200,000. What is the net profit for XYZ company?
Answers
Answer:
$300,000
Explanation:
he project management plan is formally approved at? O a. After the project is complete b. in comparison to other similar projects Oc. The Middle of the Project O d. The start of the project
Answers
The project management plan is formally approved at the start of the project.
The project management plan serves as a comprehensive document that outlines the approach, objectives, scope, timelines, resources, and other essential aspects of a project. It provides a roadmap for the project and serves as a reference point for the project team and stakeholders. The approval of the project management plan is a crucial step that ensures that all relevant parties are in agreement and aligned with the project's objectives and strategies before its execution begins.
Approving the project management plan at the start of the project allows for clear expectations and understanding among all stakeholders involved. It ensures that everyone is on the same page regarding the project's goals, deliverables, constraints, and resource allocation. This early approval also sets the foundation for effective project execution, as it provides a solid framework for decision-making, risk management, and project control throughout the project's lifecycle. By approving the project management plan at the start, any necessary adjustments or changes can be made before significant resources and efforts are invested, reducing the likelihood of costly rework or misunderstandings later on.
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Karat packaging has entered a stage in which the demand for their innovative fax machines has declined. now most customers are buying replacement parts or buying their second fax machine from the firm. what stage in the industry life cycle does this scenario describe
Answers
Karat fax machines have reached maturity. Because sales have dropped and people are only ordering replacement parts or a second fax machine, this is the reason. The product is either rejected or only repaired at the maturity phase. There aren't many new sales.
What is maturity stage in product life cycle?Maturity level in the product life cycle is the stage where the sales of product of the company starts declined because of the new trends and innovation in the market.
At this stage of maturity, The company must go for the heavy discounts and low in the price levels to stay competitive in the marketplace and at least take out their invested amount from sales.
Thus, Karat fax machines have reached maturity.
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_______________ involves you imagining yourself achieving your final goal.
A.
Process visualization
B.
Outcome visualization
C.
Backward goal setting
D.
SMART goal setting
Answers
Answer:
it's probably d
Explanation:
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Calculate LCC values for a compressor with a purchase cost of 50,000 TL and an annual operating-maintenance cost of 8,000TL and a compressor with a purchase cost operation-maintenance cost of 75,000TL and an annual of 4,000TL for 10 years.
Answers
LCC is used to calculate the total cost of owning a particular compressor. Two compressors have been compared: the first has a purchase cost of 50,000 TL and an annual operating-maintenance cost of 8,000TL, while the second has a purchase cost and operation-maintenance cost of 75,000TL and an annual cost of 4,000TL. For 10 years, the LCC of both compressors has to be calculated.
Life-cycle costing (LCC) is a method of determining the total cost of owning a particular compressor. The compressor's acquisition cost, operation, maintenance costs, and other costs associated with the compressor's operating life are all included in this method. The LCC is a method of determining the true cost of owning a compressor. The LCC for the first compressor is determined as follows:LCC = Purchase cost + Annual operating and maintenance costs * Number of years= 50,000 + (8,000 x 10) = 130,000 TLThe LCC for the second compressor is calculated as follows:LCC = Purchase cost + Annual operating and maintenance costs * Number of years= 75,000 + (4,000 x 10) = 115,000 TLThe LCC for the first compressor is 130,000 TL, whereas the LCC for the second compressor is 115,000 TL. As a result, the second compressor is less expensive to operate than the first compressor in terms of LCC.
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Portionpac co-founder, marvin klein, says ethics and integrity are "common sense." klein's moral values and attitudes, which still guide the company today, relate to which set of factors in the ethical decision-making process?
Answers
The correct answer to this open question is the following.
Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.
Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.
The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.
It is the idea being transmitted by the sender to the receiver. It includes three aspects — content , structure and style
Answers
Answer:
decodes and feedback.
Explanation:
It is a message since it is written or recorded words or information sharing or ideas conveyed by the sender to the receiver. It includes information and communication, how important and useful information is, and can be read in order to understand it. The structure of a message is tone.
The Style includes how the sender composes and writes a message.
Message is the idea being transmitted.
A Message is a form of communication sent to a recipient who is not present physically and its can be in verbal, written or recorded form.
Message is one of the essential elements of communication process. The other process includes Sender, Encoding, Interference, Communication channel, Receiver, Decoding and Feedback
Roughly, there are 3 purposes for passing message
To inform people of certain subject.To persuade others to do one biddingTo builds one's goodwill.Learn more about Communication process here
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licensing and exporting can be considered relatively low-risk methods of entering foreign markets.T/F?
Answers
licensing and exporting can be considered relatively low-risk methods of entering foreign markets. T/F? False.
Licensing and exporting can be considered relatively lower-risk methods of entering foreign markets compared to other strategies like direct investment or joint ventures. Licensing involves granting permission to a foreign company to use intellectual property, such as trademarks or patents, in exchange for royalties or fees. Exporting, on the other hand, involves selling products or services to foreign markets from the domestic country. This method allows companies to leverage their existing production capabilities and distribution channels. However, risks can arise from fluctuating exchange rates, trade barriers, logistics challenges, and competition in the target market.
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what is the most difficult level of market screening analysis based on the accessibility and subjectivity of the data?
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Micro-level analysis is the most challenging in terms of data accessibility and subjectivity in market screening analysis.
The most difficult level of market screening analysis based on the accessibility and subjectivity of the data is the micro-level analysis, which involves gathering detailed and specific data at an individual level and making subjective judgments based on customer insights.
Micro-level analysis requires collecting data on individual customers, market niches, or specific locations. This level of analysis involves understanding customer preferences, behavior, and purchasing patterns, which can be challenging to obtain and subjective in nature. It often requires conducting surveys, interviews, or observational studies to gather insights.
The accessibility of micro-level data can be a significant hurdle. Obtaining granular data at an individual level may involve significant efforts, costs, and time. It may require engaging with a small sample size or relying on third-party data sources, which may not fully capture the specific market dynamics.
Additionally, micro-level analysis involves a high degree of subjectivity. Understanding and interpreting individual customer preferences and motivations can be complex.
It requires a deep understanding of cultural, social, and psychological factors that influence consumer behavior. Interpreting and translating these insights into actionable market strategies involves subjective judgments and interpretations.
Subjectivity also arises from the variability and uniqueness of individual customer preferences. Customer behavior and preferences can change over time and may differ among individuals. This variability adds complexity and uncertainty to the analysis.
In summary, the micro-level analysis poses challenges in terms of data accessibility and subjectivity. Obtaining detailed data at an individual level and making subjective judgments based on customer insights make it the most difficult level of market screening analysis.
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Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answers
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
an economist would say that the benefits of regional integration are determined by:
Answers
An economist would say that the benefits of regional integration are determined by the amount of trade creation.
Regional integration is when two or more countries come together in order to agree to work together for the benefit of all countries involved in the integration.
Forms of regional integration
Free trade area: this is when countries agree to remove the barriers to trade. Customs union: this when restrictions to trade are removed for both member countries and non member countries. Common market: in addition to the removal of restrictions to trade, there is also free movement of labour among member countries. Economic union: member countries adopt similar economic policies.Benefits of regional integration
It increases market efficiency. It enhances global integration.
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What is the main advantage of investing in a mutual fund?
A. Investing in a mutual fund offers a guaranteed minimum return on
an investment.
B. Investing in a mutual fund offers a higher compound interest rate.
C. Investing in a mutual fund spreads the risk over a variety of
stocks, bonds, and securities.
D. Investing in a mutual fund provides a fixed income rate that is tied
to the rate of inflation.
Answers
When demonstrating 2022 maxima’s confident cornering, what should you point out?
Answers
Based on driving analysis when demonstrating 2022 maxima’s confident cornering, things to point out include "How quickly Maxima responds to steering input."
The other things to point out when demonstrating 2022 maxima’s confident cornering include the following:
How level the vehicle stays.The minimal understeer when cornering.Maxima 2022 is one of the latest automobiles vehicle models from Nissan automobile manufacturer.
The Maxima 2022 is designed to meet the latest and modern driving standards that provide ease of navigation.
Maxima 2022 is expected to cost around $37,240.
Hence, in this case, it is concluded that Maxima 2022 is an excellent vehicle to consider buying.
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which of the following costs is most likely to be directly traceable to a specific department in a retail clothing store? multiple choice the cost of heating and air-conditioning. the cost of supplies. the cost of the department manager's salary. rent on the store building.
Answers
The cost of the department manager's salary is most likely to be directly traceable to a specific department in a retail clothing store. The salary of a department manager is a direct cost that can be attributed to the department they oversee.
The cost of heating and air-conditioning, the cost of supplies, and rent on the store building are indirect costs that are shared by all departments in the store. These costs are usually allocated to the departments based on a predetermined cost allocation method. However, the department manager's salary is a direct cost and can be easily traced to the department they manage. This information can be useful in determining the profitability of individual departments and making decisions about resource allocation.
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A protocol stack is
another way of saying "network address"
O a set of supporting protocols in a series of layers
O the order of precedence in the transmission control protocol
O another way of saying "TCP/IP"
Answers
A protocol stack is: b. a set of supporting protocols in a series of layers.
What is protocol stack?A protocol stack refers to a set of communication protocols that are used together to facilitate communication between different devices on a network. The protocol stack is organized into different layers, with each layer responsible for a specific aspect of the communication process.
The layers in the protocol stack work together to ensure that data is transmitted reliably and efficiently across the network. Common examples of protocol stacks include the OSI model and the TCP/IP model.
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vocational collages often
Answers
Offer courses that give practical instruction and training for particular professions or trades. These courses might be diploma or certificate programmes that can be finished faster than a conventional degree.
What exactly is a brief training course?Classes or programmes that span between one day and two years are considered short-term training. You might be able to acquire a job, a promotion, or more money if you do. Programs for short-term training frequently vary as organisations seek out new certifications and skills.
What are courses leading to a quick certification?Courses for Digital Marketing Certification Courses for Cyber Security Certification Courses for Artificial Intelligence Certification Business Analytics Training Programs Courses for Data Science Certification Courses for Cloud Computing Certification Courses for Machine Learning Certification view all of our certification programmes.
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. Susan recently came to her manager, Andrea, with a sexual harassment complaint. A coworker Susan used to date is continuing to bother her even though they broke up several months ago. Andrea took appropriate steps to help Susan get the complaint resolved, but she feels a little bit uncomfortable with Susan now that she knows such personal information about her. When her team decides to go to lunch, she does not invite Susan the way she usually does. How could Susan perceive these actions
Answers
Susan will perceive these actions as Retaliation
Retaliation is a form of revenge and this tend to occurs in a situation where a person is been punished for complaining about been assaulted or harassed especially in a workplace.
Example an employee may complain about been harassed in his or her workplace to his or her employer in which the employee may be punished for making such complaint by either be demotated or have his or her appointment terminated among others.
In conclusion Susan will perceive these actions by her manager as Retaliation.
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Dennis is doing the bookkeeping for his business. He is determining his assets, liabilities,
and owner's equity so he can see the financial state of his business on any given day.
What financial statement would MOST likely help him with this process?
Answers
The financial statement that would most likely help Dennis with determining his assets, liabilities, and owner's equity is the balance sheet. The balance sheet is a snapshot of a business's financial position at a specific point in time. It lists the assets of the business, such as cash, accounts receivable, inventory, and property, plant, and equipment.
By examining the balance sheet, Dennis can see the financial state of his business on any given day. He can see how much cash he has available to operate his business, how much inventory he has on hand, and how much he owes to creditors. He can also see how much of the business's assets are financed by debt and how much by owner's equity. It also lists the liabilities of the business, such as accounts payable, loans payable, and accrued expenses.
Finally, it lists the owner's equity, which is the difference between the assets and liabilities. The balance sheet is an important tool for business owners, as it provides a clear picture of the financial health of the business. It allows Dennis to make informed decisions about how to manage his business and plan for its future. By regularly reviewing his balance sheet, Dennis can identify trends and take action to improve the financial performance of his business.
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