The correct answer is (D) general ledger accounts and balances. Businesses utilize a trial balance, a collection of credit and debit entries, to internally evaluate their double-entry accounting systems.
What does a trial balance list?Businesses utilize a trial balance, a collection of credit and debit entries, to internally evaluate their double-entry accounting systems. Verifying that the total of all debits and credits equals one another is the objective.
Why is it called a trial balance?To check that entries in a company's bookkeeping system are mathematically sound, a trial balance is generally produced. A trial balance serves as a test of a fundamental component of a group of books, hence the name.
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larry is the marketing manager at blue concepts, a management consulting firm. his calendar is filled with meetings with heads of the companies, interviewing new employees, giving interviews to business magazines, attending presentations and seminars in different countries, and the like. larry feels that every workday he has something different to do, and he is rarely bored with his job. according to the job characteristics theory, which of the following is true about larry's job? ga) It has high moral significance.b) It has low autonomy.c) It has high identity.d) It has low labor equity.e) It has high variety.
According to the job characteristics theory, there are five core job characteristics that determine job satisfaction and motivation: skill variety, task identity, task significance, autonomy, and feedback.
Based on the description provided, Larry's job seems to have high levels of skill variety, task identity, and task significance, as he is involved in a diverse range of activities such as meeting with company heads, interviewing new employees, and giving interviews to magazines. Additionally, Larry's job seems to have high levels of variety, as he is rarely bored with his job and has something different to do every workday. This aspect of his job is likely to contribute to his overall job satisfaction and motivation. However, the description does not provide much information about Larry's level of autonomy or feedback, so it is not possible to determine whether his job has high or low levels of these characteristics. In summary, based on the information provided, it can be concluded that Larry's job has high levels of variety, skill variety, task identity, and task significance, which are likely to contribute to his job satisfaction and motivation.
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A registered representative wants to give employees of another broker-dealer located in the same office building $20 boxes of chocolates for the holiday season. Which of the following is TRUE? The gifts would not be permitted as all gifts to other member firm employees are strictly prohibited.
The statement is not entirely true.
The statement "The gifts would not be permitted as all gifts to other member firm employees are strictly prohibited" is not entirely true. While it is generally prohibited for registered representatives to give gifts to employees of other member firms, there are certain exceptions that may apply. For example, gifts that are of nominal value (such as the $20 boxes of chocolates mentioned in the question) and given on an infrequent basis are generally permissible. However, it is important for registered representatives to be aware of the specific rules and guidelines governing gift-giving in their industry, and to consult with their firm's compliance department if they have any questions or concerns.
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Goods sold for the day as per cash register roll for, R16 800. Purchased a Desk and Laptop form MM Designers and paid by cheque no. 161, R18 000. how do you record in a journal
To record the sale and purchase in a journal, we can use the following entries:
Sales Entry:
*Photo Included*
Explanation: This entry records the sale of goods for R16,800. The cash or bank account is debited, representing the increase in cash or bank balance, and the sales account is credited, representing the revenue earned from the sale.
Purchase Entry:
*Photo Included*
Explanation: This entry records the purchase of a desk and a laptop from MM Designers for R18,000, paid by cheque no. 161. The desk and laptop account is debited, representing the increase in assets, and the bank account is credited, representing the decrease in bank balance due to the payment made by cheque.
Note: If the cheque was not paid immediately, but was post-dated, the entry would be slightly different, with the accounts payable account being credited instead of the bank account.
A company budgeted fixed overhead for the month to be $7,000. During the month a total of $4,000 of fixed overhead was applied to production and actual fixed overhead was 3.500. The fixed overhead spending variance is:
The fixed overhead spending variance is $500 unfavorable. The fixed overhead spending variance is the difference between the budgeted fixed overhead and the actual fixed overhead.
In this case, the budgeted fixed overhead was $7,000, but the actual fixed overhead was $3,500, resulting in a $500 unfavorable variance. This means that the company spent $500 more on fixed overhead than it had budgeted for. The fixed overhead spending variance is an important tool for management to monitor and control overhead costs and to identify areas for improvement in budgeting and spending.
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Tobias just graduated with a degree in business and is looking to go into the sales field. He is offered two positions in two different companies: Aquafina and Dasani. Tobias is happy to work for either company, but he wants to know which one would be better for him financially. The details of both offers are below:Aquafina:$71k base salary4% sales commissionDasani:$80k base salary11% performance bonusTobias is confident in his ability to achieve the performance bonus at Dasani, so he wonders how much he would have to sell (in dollar amount) at Aquafina to earn a similar amount. Please calculate the value of sales Tobias would have to sell at Aquafina to earn the same income he would earn working at Dasani (assuming he earned the performance bonus).
To earn the same income working at Aquafina as he would at Dasani with the performance bonus, Tobias would have to sell:
$80,000 - $71,000 = $9,000 (the difference in base salary)
$9,000 / 0.11 = $81,818.18 (the number of sales he would need to achieve the 11% performance bonus at Dasani)
At Aquafina, Tobias earns a 4% commission on sales, so the amount of sales he would need to make to earn $81,818.18 is:
$81,818.18 / 0.04 = $2,045,454.55
Therefore, Tobias would have to sell $2,045,454.55 products at Aquafina to earn the same income he would earn working at Dasani with the performance bonus.
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Eliminating _____ in a process design is one of the most important procedures of operation managers. This is often accomplished using ______.
Eliminating waste in a process design is one of the most important procedures of operation managers. This is often accomplished using lean techniques.
What is lean techniques?Lean techniques is a term used to describe a set of principles and tools that are used to identify and eliminate waste in a process.
The goal of these techniques is to improve efficiency, reduce costs, and increase quality by eliminating activities that do not add value to the final product or service.
Examples of waste in a process include overproduction, waiting, unnecessary processing, excess inventory, unnecessary movement, defects, and unused talent.
By using lean techniques, operation managers can identify these areas of waste and develop strategies to eliminate them, resulting in a more streamlined and efficient process design.
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You are an assistant to a senator who chairs an ad hoc committee on reforming taxes on telecommunication services. Based on your research, AT&T has spent over $15 million on related paperwork and compliance costs. Moreover, depending on the locale, telecom taxes can amount to as much as 25% of a consumer's phone bill. These high tax rates on telecom services have become quite controversial, due to the fact that the deregulation of the telecom industry has led to a highly competitive market. Your best estimates indicate that based on current tax rates, the monthly market demand for telecommunication services is given by Qd=200−4P and the market supply (including taxes) is Qs=4P−120 (both in millions), where P is the monthly price of the telecommunication services. The senator is considering tax reform that would dramatically cut tax rates, leading to a supply function under the new tax policy of Qs=4.4P−120. How much money per unit would a typical consumer save each month as a result of the proposed legislation?
The money per unit would a typical consumer save each month as a result of the proposed legislation is $2.7 per consumer.
Qd = 200 - 5P
QS = 2P - 150
Equating demand & supply,
200 - 5P = 2P - 150
7P = 350
P = 350/7 = $50
After-tax reform, revised QS = 2.4P - 150
Equating this with the (unchanged) demand curve,
200 - 5P = 2.4P - 150
7.4P = 350
P = 350/7.4 = $47.3 (Rounded off to 2 decimals)
Therefore, savings as result of tax reform = $(50 - 47.3) = $2.7 per consumer
A patron is a person or a set that isn't always immediately involved in entrepreneurial or enterprise operations and who intends to reserve or uses bought items, products, or services often for personal, social, family, or family needs. The phrase is maximum regularly used to describe someone who makes purchases for his or her very own use.
A client in an economic system purchases items or services frequently for personal use rather than for resale or for industrial goals. For goods or services, customers should pay money (or an equal). As a result, clients are a crucial component of any economic system and play an important position in the financial machine of a capitalist society. without client calls for, producers would not have considered one of their primary riding forces: the preference to promote their items to customers.
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Complete Question:
You are an assistant to a senator who chairs an ad hoc committee on reforming taxes on telecommunication services. Based on your research, AT&T has spent over $15 million on related paperwork and compliance costs. Moreover, depending on the locale, telecom taxes can amount to as much as 25 percent of a consumer’s phone bill. These high tax rates on telecom services have become quite controversial, due to the fact that the deregulation of the telecom industry has led to a highly competitive market. Your best estimates indicate that, based on current tax rates, the monthly market demand for telecommunication services is given by Qd = 200 - 5P and the market supply (including taxes) is QS = 2P - 150 (both in millions), where P is the monthly price of the telecommunication services.
The senator is considering tax reform that would dramatically cut tax rates, leading to a supply function under the new tax policy of QS = 2.4P - 150. How much money per unit would a typical consumer save each month as a result of the proposed legislation?
Match the following terms to the appropriate definition. ___ Applies when each member of an insurance pool :pays the same premium per person or per family for the same coverage. ___Occurs when insurance companies base premiums ; on past levels of payouts, which is often done in the case of car or homeowner's insurance. ___Refers to the phenomenon of a person's behavior being affected by his or her insurance coverage. ___ Exists when people with different hea'th-related amount of health insurance purchased.A. Community ratingB. Experience ratingC. Moral hazard D. Adverse selection
The claim that the insured person's coverage is not something that should be taken into account when picking a health care plan.
A "health care plan" is used to provide, deliver, coordinate, pay for, or reimburse any associated costs of health care services. This is because these items, among other things, pay for childcare services, medical treatment at a wide range of hospitals, pre- and post-hospitalization costs, and even your therapy for mental illness. With provisions like these, you wouldn't need to worry about a medical issue straining your budget. The right answer is therefore d, which refers to the coverage that the insured person and their family already have through their motor insurance. The set sum that an insured person must pay toward their insurance premiums is known as their copay. It also has a connection to the medical field.
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Which of the following examples is not a security? O equities O commodity money O bonds
The example that is not a security is commodity money.
Securities are financial instruments that hold some type of monetary value and can be traded, for example:
Commodity money, on the other hand, is a physical good that has intrinsic value and is used as a medium of exchange, such as gold or silver.
Therefore, the correct answer is commodity money.
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(T/F)
In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.
True . In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.
The users of financial reports are often presumed to have a fair understanding of business and economic activity when the reports are being prepared. This indicates that the financial reports are often created with the assumption that the consumers will have a fundamental grasp of accounting and finance principles, as well as a comprehension of the particular industry and economic context in which the organisation works. The target audience of the financial reports, however, may change this assumption, and certain reports may be written with a more wide readership in mind.
Your business's income should be tracked, analysed, and reported through financial reporting. This aids in your decision-making and that of any investors over how to run the company. These reports look at cash flow and resource utilisation.
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A potato chip manufacturer currently has a manufacturing line devoted to regular chips as well as individual lines dedicated to each variety, such as barbeque, sour cream and onion and cheese. The regular chip line operates for three shifts per day, but the varieties only run for one shift per day. To maximize efficiency, the company should consider:
a. just-in-time systems to ensure that the raw material supplies - potatoes - are arriving several days before they are needed in the production process.
b. counteracting diseconomies of scale by splitting the company into separate divisions, each one devoted to a specific variety.
c. learning effects to improve the manufacturing speed of its regular chip line to reduce the number of shifts it is running and reduce overhead.
d. flexible production technology, which would allow the company to produce different varieties off of the same line with brief set ups in between.
Option d is correct. To maximize efficiency, companies should consider flexible production techniques. This allows the company to produce different grades on the same line with short changeovers.
In a company that makes potato chips, a typical chip line runs 3 shifts a day, but varieties only 1 shift a day.
To maximize efficiency, the company should introduce flexible production to allow different grades to be produced on the same line with short set-ups.
Organizations develop a specific set of product options based on four key aspects:
Pricing, distribution, promotions and advertising, and product characteristics.
The function-level strategy's role is to improve the company's position in the industry, increase annual revenue, and establish action plans to achieve both long-term and short-term goals. A functional-level strategy helps an organization track day-to-day operations and see if they are on track.
Economies of scale are the cost advantages that a company gains by increasing production scale to increase efficiency and reduce unit costs. This is because production costs (including fixed and variable costs) are spread over more units of production.
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You are given a coin and a thumbtack and you put Beta priors Beta(100, 100) and Beta(1,1) on the coin and thumbtack respectively. You perform the following experiment: toss both the thumbtack and the coin 100 times. To your surprise, you get 60 heads and 40 tails for both the coin and the thumbtack.
Are the following two statements true or false.
The MLE estimate of both the coin and the thumbtack is the same but the MAP estimate is not. Briefly explain your answer.
The MAP estimate of the parameter θ (probability of landing heads) for the coin is greater than the MAP estimate of θ for the thumbtack. Briefly explain your answer.
The Bernoulli distribution, which simulates the likelihood of success or failure in a single trial, has a conjugate prior known as the Beta distribution. In order to update our previous ideas about the likelihood of
The Beta distribution is a continuous probability distribution that is frequently used in Bayesian statistics to simulate the likelihood that a random event will occur, such as the likelihood of flipping a coin and getting heads. The two form parameters of the beta distribution, commonly abbreviated as alpha and beta, can be seen as expressing previous knowledge or opinions about the likelihood of the event. Indicating that previous information or views about the likelihood of an occurrence are ambiguous or have a broad range of potential values, a Beta distribution is rather flat.You are given a coin and a thumbtack
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with regard to performance evaluation special reports should be written for what?
The most appropriate reason for writing special reports in the context of performance evaluation is to address specific issues.
Regular performance evaluations may cover a wide range of job duties and performance criteria, but they may not provide enough detail or specificity to address specific issues that arise with an employee's performance. Writing a special report can help to identify and address specific areas of concern, such as poor performance in a particular aspect of the job, a specific behavior that needs to be corrected, or any other performance issues that require additional attention.
By focusing on specific issues and providing recommendations for improvement, special reports can help employees to better understand what they need to do to improve their performance and meet the expectations of their job. This can lead to more effective performance management, better job satisfaction, and improved overall organizational performance.
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which of the following are true for a coupon bond? group of answer choices the current yield and the yield to maturity are positively related. (current yield
A. When the coupon bond is priced at its face value, the yield to maturity equals the coupon rate.
Question: Which of the following is true for a coupon bond?
A. When the coupon bond is priced at its face value, the yield to maturity equals the coupon rate.
B. The price of a coupon bond and the yield to maturity are positively related.
C. The yield to maturity is greater than the coupon rate when the bond price is above the par value.
D. The yield is less than the coupon rate when the bond price
What is a coupon bond?
For a particular coupon rate and face value, the price of a coupon bond is inversely correlated with the yield to maturity. Therefore, the yield to maturity is equal to the coupon rate when the bond's price is the same as its face value.
On the other hand, when the yield to maturity is more than the coupon rate, the price of the bond is less than face value, and when the yield to maturity is lower than the coupon rate, the price is greater than face value.
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doane cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. during 2024, the company provides services of $404,000 on account. of this amount, $54,000 remains uncollected at the end of the year. an aging schedule as of december 31, 2024, follows.
Consequently, Doane Cosmetic's aging schedule is $350,000 as of December 31, 2024.
What is company and types?An company is an authorized individual or a legitimately acknowledged business entity that has registered with the Companies Act. It could be a community interest corporation, a private or public company, with a guarantee or with a share capital. Simply said, a company's objective is to create a profitable vision and then carry it out. Furthermore, we need clarify what is meant by the word "profitable," which is defined is long-term sustainable returns.
How a company is formed?
A business's incorporation (registration) as a limited company is known as company creation. When a business is registered, it becomes a distinct legal entity; a "person" that is independent of its owners and in charge of its own funds, possessions, and obligations.
During 2024 the company provide services of $404,000
so, uncollected amount = $54,000
Therefore aging schedule = services – uncollected amount
=404000-54000
=$350,000
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T/F the amount of inspection we choose can range from no inspection at all to inspecting each item numerous times.
The statement the amount of inspection we choose can range from no inspection at all to inspecting each item numerous times is true. We can opt to inspect each item only once or several times, depending on the level of risk.
The costs of inspection and the anticipated costs of passing defective items determine how much inspection is necessary. Since we produce them so seldom, amount, low-volume items frequently need to be carefully inspected. Things with low cost and great volume frequently need more thorough inspection than other kinds of items. While variable data can be tallied, attributes must be measured. Low-priced, high-volume items only need a quick check.
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corporate governance: question 5 options: A. can be defined as the development that meets humanity's needs without harming future generations B. can be defined as the system by which business corporations are directed and controlled C. can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of D. the firm seeks to serve society's interests by focusing on social, political and economic issues such as poverty, social justice, education, health and the environment
corporate governance can be defined as the system by which business corporations are directed and controlled .
Corporate governance is the set of guidelines, customs, and procedures that help in regulating and controlling a firm. Governance generally entails striking a balance between the needs of all of a company's various stakeholders, including shareholders, senior management, clients, suppliers, financiers, the authorities, and the local community. Internal control, which includes nearly every single aspect of management from action plans and internal controls to performance assessment and surface significantly, serves as the framework for achieving a company's goals. It addresses risk management, business strategy, pay, moral behavior, and environmental awareness. Accountability, openness, fairness, responsibility, plus risk management are the fundamental principles of corporate governance.
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Which of the following identifies the concept that an organization should act ethically by taking accountability for the impact of its actions on the environment, the community, and the welfare of its employees?
a. Corporate social responsibility
b. Corporate governance
c. Corporate social entrepreneurship
d. Corporate sustainability
A is the right answer. Corporate social responsibility (CSR) is a self-policing business model that enables an organisation to be socially responsible to its customers, stakeholders, and the general public.
Economic duty, civic responsibility, environmental stewardship, and ethical duty are the four fundamental subcategories of CSR.
By practising corporate social responsibility, also referred to as corporate citizenship, businesses can be conscious of the kind of impact they are having on all elements of society, including economic, social, and environmental challenges. Corporate social responsibility can take many various forms depending on the organisation and sector. By taking part in CSR programmes, making charity donations, and volunteering, businesses may benefit society while enhancing their brands.
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list and describe the various types of tort claims applicable to ems, and explain how to avoid each of these claims.
Abandonment leaving, Assault verbal, Battery physical, False imprisonment and kidnapping are the various types of tort claims applicable to EMS.
Abandonment is defined as discontinuing patient care without transferring care to another competent professional of equal or better training.
Assault is a deliberate threat to do harm to a patient. The act of unlawfully touching the patient without consent is known as battery.
False incarceration happens when a person is intentionally restrained in a bounded area by another person without legal cause or agreement. It is not the length of the sentence that is significant, but the absence of legal justification.
This applies to both private and public confinement. The offence of wrongful confinement is specified in Section 340 of the IPC when the constraint is total and the individual is barred from leaving particular boundaries.
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which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?
A) Going-concern assumption.
B) Consideration assumption.
C) Cost principle.
cost principle. As a result, (C) is the best choice.
What do u mean by Matching principle ?The revenue recognition principle states that revenues should be recorded during the period in which they are earned, regardless of when the cash transfer takes place.
The matching principle, which is related to accrual accounting, states that an expense should be reported in the same period in which the corresponding revenue is earned.
The "noise" caused by the timing discrepancy between when costs are incurred and when revenue is realized is reduced when expenditures are recognized in the period they are incurred. This allows a corporation to identify how much money was spent to produce revenue.
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Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which
allows him to park on campus. Unfortunately, buying a permit does not guarantee that he
campus well
can find parking spot. So he often gets to
before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his
economics class, Arturo comes up with a potential solution to the problem. He suggests the following:
Suppose the demand for parking is given by the following equation: Qp
10,000 - 500P. At Arturo's school, there are 7,000 parking
spaces for students. For the questions below, give all answers to the nearest whole number.
a. At most universities, students do not pay to park each day. They
Therefore, the price students face each day is $
pay for a permit, which only allows them to park on campus.
. Unfortunately, this creates a shortage
of
parking
spaces.
b. The university, in order to prevent the shortage issue, is changing from selling parking permits to charging a daily parking fee.
Suppose parking spaces were allocated at Arturo's school using the market mechanism. In this case, students would have to pay $
each day to park.
c. As his school gets larger, the demand for parking increases to Qpl 12,000 500P. If Arturo's university wanted to keep the market
price (the price of daily parking) the same, it would have to provide
more parking spaces.
It needs 3,000 parking spaces, with a fee of $6 per day and more spaces are required for 2,000 people,
What do you mean by a Parking permit?A parking permit is a pre-printed card that has been provided by various municipal authorities that a resident (or their guest) can display in their vehicle when parking in a certain spot along the side of the road.
(a) If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 10,000 - 7,000
= 3,000 parking spaces
(b) If the university charges a daily fee so the equation will be
Qd = Qs
10,000 - 500P = 7,000
3,000 = 500P
P = $6 per day
(c) An increase in demand will be
Qd = 12,000 - 500P
To keep the price at $6
Qs = 12,000 - 500 × (6)
= 9,000
now,
More spaces required is
= 9,000 - 7,000
= 2,000
Therefore, All solutions are stated above.
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TRUE OR FALSE Melanie is conducting a study to determine if student grade point average (GPA) is impacted by involvement in a school sport. In Melanie's study, GPA is the dependent variable.
The statement "In Melanie's study, GPA is the dependent variable" is TRUE.
Melanie conducted a study to determine if a student's grade point average (GPA) is impacted by involvement in a school sport. So the GPA is the dependent variable of the study. The Independent variable is the cause of something or a variable that we expected will influence dependent variables. The dependent variable is the effect or variable that happens as a result of the independent variable. So based on the definition above GPA is the dependent variable and involvement in school sports is the independent variable.Learn more about variable studies at: https://brainly.com/question/7916288
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HCA Healthcare has a current stock price of $36, an expected constant growth rate of 5%, and its last dividend (DO) was $2.40. In view of HCA’s strong financial position, its required rate of return is 12 percent. If HCA’s dividends are expected to grow at a constant rate in the future, what is the firm’s expected stock price in 5 years?
After five years, the expected stock price would be $ 45.9
What is the complete explanation?D nought is the current dividend speed in the following. If I write here for this, an is the required rate of written, and g is dividend: dividend growth, dividend growth rate. Hence, if I write this, it must be p. Nought is 36, and this is 2.4, which is the nought current dividend yield, and this is 1 plus g divided by r minus z, which equals.12 minus z. If I'm correct, this is. 12 multiplied by 36 after multiplying by cross multiplying. This is 36 t, which is equivalent to 2.4 2.4 plus. If I write here for this, it is 2.4 g and will come out as if I write here for this, it is an I transpose this. This equals 4.324.32 less. If I write this out, minus 2.4 is 22.4 plus 32.4, which equals 2.4 + 2.4 g. Thus, 2.4 g plus 36 g. This will come out as 1.92 equals 38.4 g, and the g value will come out as 1.92 divided by 38.4, which equals 2.05 in percentage terms. This is 5%, and if I write it here, we have our dividend growth rate. We must now compute the price in the question. We are asked what the expected stock price in 5 years is, thus stock expectedstock price? If I write clearly stock price in 5 years- and this must be- if I write clearly in 5 years, this is equivalent to expected dividend in near 6, expected dividend in ear 6 divided by needed rate. This must be required rate minus choreminus, and the value will be 2.4 multiplied by 1 plus r, which is 8 raised to power 6 and divided by a required rate, which is.12 minus rotha. So, basically, this is computed as.05, and if I write here further, it will come out like this.Expect the unexpected. And the final value is 2.4 multiplied by 1.34 divided by.07. This is computed as dollars, 3.216 divided by.07, which is then multiplied by 45.95. Thus, if I write this here, the expected stock price after 5 years is $. 45.9.z
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1. arbitration when a third party is consulted to make a final decision in resolving a conflict 2. bilingual desired outcome or achievement 3. compromise explaining an error to another person in a positive way and offering ideas to avoid similar mistakes in the future 4. constructive criticism ability to use two languages fluently 5. cross-training to give up something to resolve a conflict 6. extracurricular activities activities outside the scope of your education or employment that enhance personal development and pleasure 7. goal the act of training an employee to also perform tasks performed by another employee
Goal, correct, cross-training, extracurriculars, arbitration, constructive criticism, and compromise are the proper order.
when a decision-making process involving a third party is used to resolve a dispute?A judge who is impartial and in charge of arbitrating disputes acts as the judge in arbitration. The arbitrator hears each side's argument and pertinent evidence, then makes a binding ruling.
What are the fundamental three roles of third parties in conflict resolution?Mediation, arbitration, and lawsuit are three often employed third-party dispute resolution techniques. The process of mediation involves the parties cooperating to reach a resolution alongside a mediator.
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The following questioin is incomoplete the complete question is as follows:Match the terms with the appropriate definition.
1. arbitration
desired outcome or achievement
2. bilingual
ability to use two languages fluently
3. compromise
the act of training an employee to also perform tasks performed by another employee
4. constructive criticism
activities outside the scope of your education or employment that enhance personal development and pleasure
5. cross-training
when a third party is consulted to make a final decision in resolving a conflict
6. extracurricular activities
explaining an error to another person in a positive way and offering ideas to avoid similar mistakes in the future
7. goal
to give up something to resolve a conflict
selma operates a contractor's supply store. she maintains her books using the cash method. at the end of 2022, her accountant computes her accrual basis income that is used on her tax return. for 2022, selma had cash receipts of $1,400,000, which included $200,000 collected on accounts receivable from 2021 sales. it also included the proceeds of a $100,000 bank loan. at the end of 2022, she had $250,000 in accounts receivable from customers, all from 2022 sales.a. Compute Selma's accrual basis gross receipts for 2022b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2021 was $1.3 million. At the end of 2021, she had merchandise on hand with a cost of $150,000. At the end of 2022, the cost of merchandise on hand was $300,000. Compute Selma's gross income from merchandise sales for 2022
In the following question, A- Selma's accrual basis gross receipts for 2022 were $1,550,000. B- the cost of merchandise on hand was $300,000. Therefore, her ending inventory for 2022 is $300,000. And lastly Selma's gross income from merchandise sales for 2022 was $100,000.
a. To compute Selma's accrual basis gross receipts for 2022, we need to add the accounts receivable collected from 2021 sales and the accounts receivable from 2022 sales:
Cash receipts from 2022 sales = $1,400,000 - $200,000 (collected from 2021 sales) + $250,000 (accounts receivable from 2022 sales)
= $1,450,000
Accrual basis gross receipts for 2022 = Cash receipts from 2022 sales + Bank loan proceeds
= $1,450,000 + $100,000
= $1,550,000
Therefore, Selma's accrual basis gross receipts for 2022 were $1,550,000.
b. To compute Selma's gross income from merchandise sales for 2022, we need to take into account the cost of goods sold. The cost of goods sold is the cost of merchandise that was sold during the year. It can be calculated using the following formula:
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
In this case, Selma paid cash for all of the purchases. The total amount paid for merchandise in 2021 was $1.3 million, and at the end of 2021, she had merchandise on hand with a cost of $150,000. Therefore, her beginning inventory for 2022 is $1.45 million ($1.3 million + $150,000).
At the end of 2022, the cost of merchandise on hand was $300,000. Therefore, her ending inventory for 2022 is $300,000.
The purchases made during 2022 are not given in the problem. Therefore, we need to calculate them using the following formula:
Purchases = Cost of goods sold - Beginning inventory + Ending inventory
Purchases = Gross income from merchandise sales - Beginning inventory + Ending inventory
Gross income from merchandise sales = Accrual basis gross receipts for 2022 - Bank loan proceeds
= $1,550,000 - $100,000
= $1,450,000
Purchases = $1,450,000 - $1,450,000 + $300,000
= $300,000
Now we can calculate the cost of goods sold:
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
= $1.45 million + $300,000 - $300,000
= $1.45 million
Finally, we can calculate Selma's gross income from merchandise sales for 2022:
Gross income from merchandise sales = Accrual basis gross receipts for 2022 - Cost of goods sold
= $1,550,000 - $1.45 million
= $100,000
Therefore, Selma's gross income from merchandise sales for 2022 was $100,000.
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breakfast foods corporation markets waffle irons, one of which proves defective and injures chelsea. breakfast foods's strict liability to chelsea for the harm caused by the defective waffle iron is based in part on the fact that
Breakfast Foods Corporation is strictly liable to Chelsea for the harm caused by the defective waffle iron under the principles of product liability.
Strict liability applies when a manufacturer or seller of a product is held responsible for any harm or damage caused by a product's defect, regardless of the level of care taken to prevent the defect.
Under strict liability, the manufacturer's liability is based on the fact that they placed a defective product into the market, and the product caused harm to the user. In this case, the defective waffle iron caused harm to Chelsea, and Breakfast Foods Corporation is liable for the injury caused by the defective product.
Chelsea can recover compensation from the manufacturer, regardless of the degree of care taken in the manufacturing process. Strict liability helps to protect consumers by ensuring that manufacturers take appropriate measures to ensure the safety of their products, and it holds them accountable for any harm caused by the products they produce and sell.
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In 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) updated its framework for the assessment of internal control. That framework includes all of the following interrelated components except:
Question 1 options:
O separation of duties.
O risk assessment.
O monitoring.
O the control environment.
That framework includes all of following interrelated components except the risk assessment.
What is risk assessment?Risk assessment is a systematic process of identifying potential hazards and evaluating the level of risk associated with each hazard. It involves the collection and analysis of relevant data to estimate the likelihood and consequences of an adverse event occurring. The aim of risk assessment is to identify the level of risk posed by a particular activity, process or situation, and to determine appropriate measures to manage or mitigate that risk. Risk assessments are used in a variety of industries, including healthcare, construction, and environmental management. They are an important tool for organizations to proactively identify and address potential risks, protect employees and stakeholders, and ensure compliance with regulatory requirements.
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If the criteria used to hire and evaluate employees are vague and not job-related, employers are less likely to find themselves being accused of discriminating against the members of protected classes.
a. True
b. False
The given statement "If the criteria used to hire and evaluate employees are vague and not job-related, employers are less likely to find themselves being accused of discriminating against the members of protected classes." is true because all employees are evaluated fairly and that employers are less likely to be accused of discriminating against members of protected classes.
Discrimination is a major issue in the workplace, and it can have serious consequences for both employees and employers. One way to prevent discrimination is to ensure that the criteria used to hire and evaluate employees are job-related and not vague.
Thus, it is important for employers to carefully consider the criteria they use to evaluate employees and ensure that they are job-related and not vague.
This helps to promote fairness and prevent discrimination, which in turn can lead to a more productive and harmonious workplace.
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radical change occurs in industries when an innovation results in the obsolescence of previous technology and drives old-line companies out of business.
Radical change in industries can be triggered by an innovation that makes previous technology obsolete.
The new technology can be so advanced that it changes the entire industry, making older companies unable to compete. The result is often the demise of the old-line companies, and the emergence of new players who are able to adapt and capitalize on the change.This kind of change can happen in any industry, from manufacturing to technology, and can have far-reaching impacts on the economy as a whole. It can create new opportunities for growth and development, but it can also lead to disruption and uncertainty for those who are unable to adapt.Radical change can also be driven by external factors such as changes in consumer behavior, shifts in government regulations, or the emergence of new global trends. In order to survive in the face of such changes, companies must be willing to embrace new technologies, adapt to changing market conditions, and constantly innovate in order to stay ahead of the competition. Ultimately, radical change is an inevitable part of any industry's evolution, and those who are able to anticipate and adapt to these changes are the ones who will thrive in the long term.
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refer to exhibit 4.1. what is the firm's days sales outstanding? assume a 365-day year for this calculation. do not round your intermediate calculations. question 14 options: 47.57 68.84 69.96 50.93 55.97
Days sales outstanding, commonly referred to as DSO and days receivables, is a number that businesses use to calculate the number of their outstanding accounts receivable in their accounting.
What are the Days sales outstanding?Days sales outstanding, also known as DSO and days receivables, is a figure used in accounting by a business to determine the number of its outstanding accounts receivable.
It gauges this size in average sales days rather than monetary units.
Days sales outstanding are typically computed monthly.
In general, a greater DSO ratio can be a sign that a company's collections efforts are lacking or that its client base has credit issues.
A low percentage can be a sign that the company's credit policy is excessively strict, which might be hurting sales.
While average sales per day is the mean sales calculated over a period of time, accounts receivable refers to the outstanding level of accounts receivable at a specific point in time.
Therefore, days sales outstanding, commonly referred to as DSO and days receivables, is a number that businesses use to calculate the number of their outstanding accounts receivable in their accounting.
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Correct question:
What are the firm's days sales outstanding?