The following statements are true II and III only. Option B.
A country has a comparative advantage in producing a good or service if its domestic opportunity cost of production is lower than that of another country. The opportunity cost of producing a good or service can be found by solving for the cost of one good versus another.
Absolute advantage is when one country produces the highest quality products faster than others. On the other hand, a country has a comparative advantage when it has a greater capacity to produce a particular product than any other country. Depending on the opportunity cost, you should specialize in seafood.
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Describe the internal control features that were missing that enabled the employee to commit this fraud.
Describe what actions the employer should take to prevent this kind of fraud from happening in the future.
High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.
Answer:
yes my answer is yes
Explanation:
I dont know
Solutions Company - Unadjusted Trial Balance as of December 31.
Account Titles
Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr.
100: Cash 20,000
110: Accounts Receivable 0
120: Supplies 7,600
160: Machinery 50,000
161: Accumulated Depreciation 20,000
200: Accounts Payable 0
205: Interest Payable 0
210: Wages Payable 0
230: Unearned Rental Fees 7,200
240: Note Payable 30,000
300: Common Stock 10,000
310: Dividends 9,500
320: Retained Earnings 14,200
400: Rental Fees 32,450
600: Wage Expense 24,500
610: Interest Expense 2,250
620: Supplies Expense 0
630: Depreciation Expense 0
113,850 113,850
Totals
Requirement:
Prepare year-end adjusting journal entries for each of these separate situations.
As of December 31, employees had earned $400 of unpaid and unrecorded wages. The next payday is January 4 at which time $1,200 in wages will be paid.
The cost of supplies still available at December 31 is $3,450.
The notes payable requires an interest payment to be made every three months. The next payment occurs after the new year begins. The amount of unrecorded accrued interest at December 31 is $800.
Analysis of the unearned rental fees shows that $3,200 remains unearned at December 31.
In addition to the machinery rental fees included in the revenue account balance, the company has earned another $2,450 in unrecorded fee that will be collected on January 31 of next year.
Depreciation expense for the year is $3,800.
The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:
The Adjusted Trial BalanceSolutions Company
Worksheet
December 31
Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit
Cash $20,000 $20,000
Accounts Receivable 0 $2,450 2,450
Supplies 7,600 $4,150 3,450
Machinery 50,000 50,000
Accumulated Depreciation $20,000 3,800 $23,800
Accounts Payable 0 0
Interest Payable 0 800 800
Salaries Payable 0 400 400
Unearned Rental Fees 7,200 4,000 3,200
Note Payable 30,000 30,000
Common Stock 10,000 10,000
Dividends 9,500 9,500
Retained Earnings 14,200 14,200
Rental Fees 32,450 6,450 38,900
Salaries Expense 24,500 400 24,900
Interest Expense 2,250 800 3,050
Supplies Expense 0 4,150 4,150
Depreciation Expense 0 3,800 3,800
Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300
Preparing Income Statement:-
Solutions Company
Income Statement
For the Year Ended December 31
Accounts Amount Amount
Revenue:-
Rental Fees $38,900
Total Revenue $38,900
Expenses:-
Salaries Expense $24,900
Interest Expense 3,050
Supplies Expense 4,150
Depreciation Expense 3,800
Total Expenses ($35,900)
Net Income $3,000
Preparing Statement of Retained Earnings:-
Solutions Company
Statement of Retained Earnings
For the Year Ended December 31
Accounts Amount
Retained Earnings 14,200
Net Income 3,000
$17,200
Dividends (9,500)
Retained Earnings, Ending $7,700
Preparing Balance Sheet:-
Solutions Company
Balance Sheet
December 31
Accounts Amount Amount
Assets:-
Cash $20,000
Accounts Receivable 2,450
Supplies 3,450
Machinery 50,000
Accumulated Depreciation (23,800)
Total Assets $52,100
Liabilities:-
Accounts Payable $0
Interest Payable 800
Salaries Payable 400
Unearned Rental Fees 3,200
Note Payable 30,000
Total Liabilities $34,400
Stockholders Equity:-
Common Stock $10,000
Retained Earnings, Ending 7,700
Total Stockholders Equity $17,700
Total Liabilities and Stockholders Equity $52,100
Preparing Closing Entries:-
Solutions Company
General Journal
December 31
Date Accounts Title and Explanation Debit Credit
December 31 Rental Fees $38,900
Income Summary $38,900
(To close Revenue Account)
December 31 Income Summary $35,900
Salaries Expense $24,900
Interest Expense $3,050
Supplies Expense $4,150
Depreciation Expense $3,800
(To close Expenses Accounts)
December 31 Income Summary $3,000
Retained Earnings $3,000
(To close Income Summary)
December 31 Retained Earnings $9,500
Dividends $9,500
(To close Dividends Account)
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To get detailed values of project schedule and cost performance , look at and Select an answer: schedule variances; cost variances bars in a Gantt Chart; schedule variances bars in a Gantt Chart; cost variances tasks that are behind schedule; tasks that are over budget??
To get detailed values of project schedule and cost performance, look at D. cost variances and tasks that are behind schedule.
What is a project schedule?A project schedule is a detailed outline of project activities used for tracking tasks completion.
What is cost performance?A cost performance report is used to give details about the cost of completed tasks so that the financial efficiency and effectiveness of the project can be measured.
These two project schedules show the costs of the project and the resources required to ensure project completion.
Thus, to get detailed values of project schedule and cost performance, look at Option D.
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QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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b) Find the standard deviation and the coefficient of variation of the following data. 25 Marks Interval Frequency Interval Frequency 3.00-3.25 6 4.00-4.25 47 3.25-3.50 19 4.25-4.50 29 3.50-3.75 35 4.50-4.75 15 3.75-4.00 44 4.75-5.00 5
The standard deviation is 0.4182 and the coefficient of variation is 10.5%.
Given the following data Interval Frequency 3.00-3.25 64.00-4.25 473.25-3.50 194.25-4.50 293.50-3.75 354.50-4.75 153.75-4.00 445.00-4.75 5 The formula for finding the standard deviation is:\($$ \sigma =\sqrt{ \frac{\sum f(x-\overline{x})^2}{N}} $$\)
The table below shows the calculation; Interval \($X$ Midpoint ($X_i$)\) Frequency \(($f$) $x-\bar{x}$ $f(x-\bar{x})$ $(x-\bar{x})^2$ $f(x-\bar{x})^2\)
$3.00-3.25 3.125 6 -0.725 -4.35 0.525625 3.153.25-3.50 3.375 19 -0.475 -9.025 0.225625 4.279.50-3.75 3.625 35 -0.225 -7.875 0.050625 1.773.75-4.00 3.875 44 0.025 1.1 0.000625 0.274.00-4.25 4.125 47 0.275 12.925 0.075625 3.554.25-4.50 4.375 29 0.525 15.225 0.275625 7.994.50-4.75 4.625 15 0.775 11.625 0.600625 9.01.75-4.00 4.875 5 1.025 5.125 1.050625 5.25 \($\sum f=200$ $\sum f(x-\bar{x})= 3.15$ $\sum f(x-\bar{x})^2= 35.01$\)
The variance is: \($ \sigma^2 =\frac{\sum f(x-\overline{x})^2}{N} $$\sigma^2=\frac{35.01}{200}=0.1751$\)
Therefore, the standard deviation is: \($$ \sigma=\sqrt{ \sigma^2} $$$ \sigma=\sqrt{ 0.1751}=0.4182$\)
The formula for finding the coefficient of variation is:$$ C.V = \(\frac{\sigma}{\overline{x}} \times 100\% $$\)
The coefficient of variation is:$$ C.V = \(\frac{0.4182}{3.985} \times 100\% $$$C.V = 10.5\%$\)
Therefore, the standard deviation is 0.4182 and the coefficient of variation is 10.5%.
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Graphs can be used to estimate information not represented on the graph. Please select the best answer from the choices provided T F
Answer:
True :)
Explanation:
The answer is true :)
Please mark brainliest if you get it right! :)
Answer:
True shahzadanwar25
is correct.
(give that person brainliest lol)
Once you have explained how Emma is currently applying the five Ps to the products R&CC sells, identify at least one new way that each of the five Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
The five Ps of marketing and potential applications Products should meet criteria, prices should be reasonable, staff should be informed, and promotional strategies should successfully communicate
The five Ps of marketing are described in detail, along with potential applications. Emma needs to make sure that the products from R&CC meet the criteria for Pricing should be comparable with those made available by rival merchants while still allowing for a profit margin. Along with making sure that their products are available to customers and that they have a promotional strategy that effectively communicates, Emma needs to make sure that R&CC's staff is knowledgeable, friendly, and offers good customer service.
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An employee from another department will join your team next week. She requested the transfer because she felt her work was becoming predictable and monotonous. Her performance reports show she has made good contributions to programming projects but needs to improve her presentation skills.
It appears that next week, an employee from another department will be joining your team.
She requested the transfer due to feeling that her previous work was becoming predictable and monotonous. According to her performance reports, she has made valuable contributions to programming projects, demonstrating her strong technical abilities.
However, an area where she could improve is her presentation skills. As she transitions to your team, it would be beneficial to provide her with opportunities to engage in diverse tasks and challenges, ensuring she stays motivated and experiences professional growth.
Additionally, offering resources and training in presentation skills can help her strengthen this aspect of her work. By doing so, she will not only become a more well-rounded team member but will also contribute effectively to the overall success of your team. Remember to welcome her warmly and provide any necessary support during this transition period.
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Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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Suppose you took out a 15-year mortgage for $140,000, at an annual rate of 5%. After 5 years, the 15-year mortgage rate dropped to 2%, and you decided to refinance at this low interest rate. (a) how much remains to be refinanced on the second mortgage? (b) how much will your monthly payment be? (c) how much do you save (gain) by refinancing? (write the answer up to 2 decimal places .)
Answer:
a) $112,000
b) $541.67
c) $2,945.00
Samantha is interested in setting up her own accounting firm and wants to speciallze in the area ofaccounting that has experlenced the most
significant growth in recent years. Which area of accounting should she choose as her specialty?
Samantha should choose_______as her specialty.
Fill in the blank
Answer:
Samantha should choose Financial Accounting
Explanation:
Financial Accounting is the area of accounting that has experienced the most growth in recent years. This is because of the large size and complexity of financial markets, and the increasing importance that they have in the overall economy.
Financial Accounting specializes in the recording and analysis of financial transactions. Financial transactions are those that a firm uses to obtain funds in order to invest in new projects, pay off other obligations, or simply capitalize the firm.
Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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A company should develop its marketing strategy and then determine the wants and needs of its customers.
False
True
Answer:
True
Explanation:
This is true as by doing this you will be able to understand what is in demand in order to gain loyal customers for the business' growth and fill a gap in the market industry.
If you do not balance your accounts, you run the risk of
and receiving
Answer:
being overdrawn and receiving NSF fees
Explanation:
New lithographic equipment, acquired at a cost of $812,500 on March 1 of Year 1 (beginning of the fiscal year), has an estimated useful life of five years and an estimated residual value of $69,900. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year.
On March 4 of Year 5, the equipment was sold for $119,000.
How can u put patience and hardworking on a objective on a resume sound smart?
Answer: You can use a variety of terminology to say that you're a hard worker and that you're a quick learner. You could say that you have a fast-track learning capability or adapt well to new procedures and processes. You could even write that you excel in mastering new job tasks swiftly.
Explanation:
g Assume you just purchased 100 shares of Apple stocks at $300. You are worrying that the competition from other tablet PC and smart phone producers will have a negative impact on Apple stock prices in 1 month. Generally speaking, you are still quite bullish on Apple stock. In order to hedge against this downside risk, you establish a protective put position by buying a put option contract with around 1-month maturity on Apple stock. However, the premium of the put option with strike price at $300 is $12, which is quite expensive. If you feel purchasing the put option with strike price at $300 and $12 premium is too expensive, what else can we do to reduce the cost of protective put position
Answer:
Buy at a lower strike put option or sell at a higher call option
Explanation:
100 shares of apple stock bought at $300
premium of put option ( cost ) = $12
Put option = $300
What can be done to reduce the cost of protective put position
To reduce the cost we can either buy at a lower strike put option or sell at a higher call option
Buying at a lower strike put option price ( < $300 )
This way premium will be reduced but this will not hedge against small fall in price
Sell at a higher call option
This way the premium charged will be reduced but if the price rises above the entry price on expiration then the gains made above the price will be foregone .
Mr Munzara is a currency arbitrager for BE Forward, Tokohama. The spot rate this morning is ¥111.22/$ and early indications are that short term interest rates in the USA, 90 – day rates, are about to rise from their current level of 3.125%. The central bank of USA, the Fed, is worried about rising inflation and has been publicly considering raising interest rates 25 basis points (0.25%). The 90 – day forward rate to Munzara by local Japanese banks are roughly the same at ¥111.14/$. The current 90 – day yen euro-deposit rate of interest is 2.156%. Mr Munzara has ¥800 million at his disposal.
(a) How can Munzara make a profit through covered interest arbitrage?
(b) How much in yen can he hope to make in profit in 90 days?
(c) If future spot exchange rates were determined by interest rate differentials alone (that is, if the forward rate was a very good forecast of future spot exchange rates), what would Munzara expect the spot rate to be in 90 days if the USA Federal Reserve Bank does the expected?
(d) If Munzara’s expectation of the future spot rate is that of part (c), what profit could he expect to make from uncovered interest arbitrage?
What are the similarities between the roles of the Federal Reserve and the FDIC?
Both the Federal Reserve and the FDIC insure deposits in savings accounts.
Both the Federal Reserve and the FDIC have regulatory power over the banking industry.
The FDIC is responsible for implementing bank laws passed by Congress.
Both the Federal Reserve and the FDIC implement consumer protection laws.
The Federal Deposit Insurance Corporation (FDIC) is the primary federal regulator for banks chartered by states that do not join the Federal Reserve System.In addition, the remaining insured banks and savings associations are overseen by the FDIC as a back-up.
How does the Federal Reserve interact with financial institutions?
The Federal Reserve is the primary regulator of banks that are members of the Federal Reserve System and has broad authority to act to maintain financial stability.It is the lender of last resort for member institutions that cannot borrow elsewhere.
What was the Federal Reserve's role in this?
Keeping an eye on and controlling activities and financial institutions.Individual financial institutions' safety and soundness are bolstered and their impact on the financial system as a whole is monitored by the Federal Reserve.
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Question 3
Signs of a serious gambling problem include all EXCEPT:
OA. Having a budget for gam bling.
OB. Using a credit card to gamble.
OC. Bragging about gambling wins.
OD. All are signs of a serious gambling problem.
Answer:
OD All are signs of a serious gambling problem.
what is the starting salary of an entry level librarian? it could hour wage or yearly.
Answer:
$46k–84kper year
Explanation:
Answer:
Which city, though?
Explanation:
Highest Paying Cities for Entry Level Librarian Jobs.
City Richmond, CA
Annual Salary $46,419
Monthly Pay $3,868
Weekly Pay $893
Hourly Wage $22.32
To use an outline for writing a formal business document, what should you do
after entering your bottom-line statement?
O A. Write a topic sentence for every detail.
B. Enter each supporting detail from the outline on a separate line.
C. Enter each major point from the outline on a separate line.
OD. Move the bottom-line statement to the end of the document.
To use an outline for writing a formal business document, B. Enter each supporting detail from the outline on a separate line.
How to enter the bottom - line statement ?To create a well-constructed formal business document, the following step after composing your fundamental statement would be to denote each supportive data extracted from the outline onto separate lines.
This modus operandi will in turn aid you in sequencing your thought process resulting in producing an all-encompassing precisely formatted document. Upon completion of inserting your supportive information, commence making noted phrases in regards to each detail and systematically putting them into proper order.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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You are going on a trip and your neighbor agrees to let your dog stay with him. Your dog ends up destroying your neighbors carpet. What insurance covers this?
answer: home owners insurance
In this scenario, the insurance coverage that may apply to the damage caused by your dog to your neighbor's carpet is called "liability insurance" or "personal liability coverage."
Liability insurance typically provides coverage for accidental damages or injuries caused by you, your family members, or your pets to others or their property.
In the given situation, if you have liability insurance as part of your homeowners or renters insurance policy, it may cover the cost of repairing or replacing your neighbor's damaged carpet. Liability insurance is designed to protect you from financial responsibility for unintentional damages or injuries that you or your property may cause to others.
It's important to review your insurance policy or contact your insurance provider to determine the specific coverage and limits of your liability insurance. They can guide you through the claims process and provide more detailed information on how your policy covers incidents involving damage caused by your dog.
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Suppose that Rajiv, an economist from a research institute in Texas, and Simone, an economist from a public television program, are arguing over government bailouts. The following dialogue shows an excerpt from their debate:
Simone: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.
Rajiv: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.
Simone: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.
The disagreement between these economists is most likely due todifferences in scientific judgments .
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
Business managers can raise profit more easily by reducing costs than by raising revenue.
Employers should not be restricted from outsourcing work to foreign nations.
Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Employers should not be restricted from outsourcing work to foreign nations.
The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
What do you mean by outsourcing?Outsourcing is known to be a kind of an agreement where a single firm tends to hires another firm to be solely responsible for a given planned or existing activity.
Note that Outsourcing is seen as the a business practice where a firm hires a third-party to carry out functions and as such, Employers should not be restricted from outsourcing work to foreign nations. The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
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To what extent is there anything positive to be said for bureaucratic structures? Select a large-scale organization of your choice and suggest ways in which it displays characteristics of a bureaucracy
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
floyd's bumpers pays a transportation company to ship its product to its customers. floyd's bumpers ships full truckloads to its customers. therefore, the cost for shipping is a function of the distance traveled and a fuel surcharge (also on a per mile basis). the cost per mile is $2.42 and the fuel surcharge is $.56 per mile. the worksheet may in the provided datafile contains data for shipments for the month of may (each record is simply the customer zip code for a given truckload shipment), as well as the distance table from the distribution centers to each customer. use the vlookup function to retrieve the distance traveled for each shipment from the exercise completed above, and calculate the charge for each shipment. what is the total amount that floyd's bumpers spends on these may shipments?
The total amount that Floyd's bumpers spends on these May shipments is $24,735.96.
What is shipments?Shipments refer to the transport of goods from one place to another. This is usually done through the use of trucks, trains, ships, and airplanes. Shipments can be used to transport large items such as vehicles, furniture and large appliances, or they can be used to transport smaller items such as clothing, food, and electronics.
To calculate this, the VLOOKUP function was used to retrieve the distance traveled for each shipment from the distance table. The cost for each shipment was then calculated by multiplying the distance traveled (in miles) by the cost per mile ($2.42) and the fuel surcharge ($0.56). Finally, the total cost of all the shipments was calculated by summing the cost of each individual shipment.
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Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won’t have to pay them when you take the money out in retirement. Why might she be right?
Jenny might be right if the taxes are expected to rise.
What is the Internal Revenue Service?This refers to the United States federal agency that is tasked with the collection of taxes and implementation of federal tax laws.
Hence, we can see that based on the advice by Jenny about the use of Roth IRA because of its best tax advantages where she can pay taxes now and won’t have to pay them when you take the money out in retirement, this is good advice, only if the taxes are expected to rise.
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Robert has always enjoyed working on cars as a hobby. He feels that he could earn a good living if he opened a mechanics shop. He does not have any startup money at this time, and he does not really know how to get started. Which business organization is best and why? How will he overcome his dilemmas?
There are several business organizations that Robert could consider when starting his mechanics shop. Each has its own advantages and disadvantages, so it is important for Robert to carefully consider which one is best suited for his needs.The first option is a sole proprietorship. This is the simplest and most common form of business organization, where the business is owned and operated by a single individual. The advantages of a sole proprietorship are that it is easy to set up and maintain, there are no separate taxes or legal requirements, and the owner has complete control over the business. However, the disadvantages are that the owner is personally liable for all debts and obligations of the business, and it may be difficult to raise capital or expand the business.Another option is a partnership, where two or more individuals own and operate the business together. The advantages of a partnership are that it is easy to set up and maintain, there is shared responsibility and workload, and it may be easier to raise capital than with a sole proprietorship. However, the disadvantages are that each partner is personally liable for all debts and obligations of the business, there may be disagreements between partners, and it may be difficult to dissolve the partnership if necessary.A third option is a limited liability company (LLC), which combines elements of both a partnership and a corporation. The advantages of an LLC are that it provides limited liability protection for its owners, there are fewer formalities required than with a corporation, and profits and losses can be passed through to individual tax returns. However, the disadvantages are that it can be more expensive to set up and maintain than a sole proprietorship or partnership, there may be restrictions on ownership transferability, and there may be additional taxes or legal requirements.In Robert's case, an LLC may be the best option as it provides limited liability protection while still allowing him to have control over his business. To overcome his dilemma of not having startup money, Robert could consider taking out a small business loan or seeking funding from investors. He could also start small by offering his services as a mobile mechanic or working out of his home garage until he can afford to rent or purchase a physical location for his shop.In conclusion, Robert should carefully consider the advantages and disadvantages of each business organization before deciding which one is best suited for his needs. An LLC may be the best option for him, but he will need to find a way to secure startup funding in order to get his business off the ground.
Communication may account for as much as. Of a hiring decision
a 25%
b. 40%
C65%
d. 80%
Answer:
A) 25%
Explanation:
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