The correct answer is a.$10,000.An employee is a person who performs labour and knowledge employees for the achievement of particular activities that are packaged into a job on behalf of an employer or a person conducting a business or endeavour .
An individual is regarded as an employee if they are routinely hired by a firm to perform services for the company in exchange for remuneration and if they are not performing these services as a part of an independent business. Independent employees business personGeneral classification is covered in this section. See independent contractor for other usage (disambiguation).Most businesses struggle with employee classification, particularly those that participate in the gig economy. Many workers are frequently treated like independent contractors.
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question content area bottom part 1 1. compute the predetermined manufacturing overhead rate for next year assuming that the company uses direct labor hours as its manufacturing overhead allocation base. identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor hours as the manufacturing overhead allocation base.
As a result, using direct labor hours as the allocation base, the fixed manufacturing overhead rate for the following year is $20 per direct labor hour.
What is Overhead?Overhead expenditures are ongoing business expenses that aren't directly connected to rendering a good or service. It is essential for budgeting and for determining the prices that a company should set for its products or services in order to make a profit. All of your company's expenses, whether or not you are actively creating something, are considered overhead costs. While overhead costs are charges that your organization pays regardless of whether you produce one unit or 100,000, direct costs are expenses that are encountered when delivering a product or service.
Why do we use overhead?Trams, trolleybuses, and trains receive their electrical power from overhead lines or wires. The idea behind overhead lines is that one or more cables are positioned above rail rails. Power from the high-voltage grid is fed into the overhead line at regular intervals by feeder stations.
The following formula is used to determine the specified manufacturing overhead rate using the allocation basis of direct labor hours:
Estimated Direct Labor Hours / Estimated Overhead Costs equals the predetermined overhead rate.
You need to know the anticipated overhead expenses as well as the anticipated direct labor hours for the following year in order to compute the predetermined manufacturing overhead rate.
The predefined overhead rate would be, for instance, if the anticipated annual overhead expenditures are $500,000 and the anticipated annual direct labor hours are 25,000:
Predetermined Overhead Rate = $500,000 / 25,000 = $20 per direct labor hour
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After posting all entries to the ledger, the Accounts Payable T-account will show which of the following? (Select all that apply.) Payments made on the credit side. Ending balance on the bottom of the credit side. Payments made on the debit side. Beginning balance on the top of the debit side. Purchases on account on the debit side. Beginning balance on the top of the credit side. Purchases on account on the credit side. Ending balance on the bottom of the debit side.
Purchases made using credit on account. The debit side's payments, the credit side's beginning balance at the top, and the credit side's ending balance at the bottom. (Choices a, b, c, d)
What exactly does "ledger" mean?A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would note each transaction as either a credit or debit in distinct columns. In accounting, a ledger is a book with many accounts in which records of transactions relating to a particular account are kept. It is often referred to as the major book of accounts or the books of final entry.
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Which of the following are among the five stages in the marketing research process? (Choose every correct answer.)A) Defining objectivesB) Analyzing the dataC) Collecting the dataD) Staffing the research project
Five stages among the following in the marketing research process are:
A) Defining objectivesB) Analyzing the dataC) Collecting the dataWhat is the marketing research process?The goal of the marketing research process is to gather information about your target market's attitudes and opinions, so you can evaluate
Your current goods and services or test ideas for making them better. Additionally, it can measure how customers view your business.
Therefore, the correct option is A) Defining objectives, B) Analyzing the data, and C) Collecting the data.
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. for budget constraint 2, suppose that the price of good y is $90 per unit. what is the price of good x?
Based on the budget constraint graph, if the price of good Y is $90 per unit. then the price of good X is $81 per unit.
A budget constraint graph of two products, also known as an indifference curve budget line graph, is a visual representation of the various combinations of two products that a consumer can purchase with a fixed budget.
The graph shows the trade-offs between the two products, which are represented on the x and y-axis, given the consumer's income and the prices of the two products.
In the given graph, there are two products: product Y and product X.
The y-intercept means all money will be used to purchase product Y, while the x-intercept means all money will be used to buy product X.
From the graph, we know that:
y-intercept = (0, 18)
x-intercept = (20,0)
The price of product Y is $90 per unit, hence,
total money available = 18 x $90
The price of product X, then:
price of product X = money available / maximum quantity of product X
= 18 x 9$0 / 20 = $81
The graph in your question is missing, most likely it was like on the attached picture.
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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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accounts payable 1,700 cash 1,700 cash 12,300 accounts receivable (from services) 12,300 prepaid rent 500 cash 500 insurance expense 3,180 prepaid insurance 3,180 interest receivable 3,300 interest revenue 3,300 interest expense 2,208 interest payable 2,208 depreciation expense 38,217 accumulated depreciation 38,217 salaries expense 13,280 salaries payable 13,280 unearned revenue 19,250 services revenue 19,250 cash 4,200 unearned revenue 4,200
Answers in tabular form are supplied below for the given question.
What amount of accounts exist?Real, personal, and fictional accounts are three different kinds of accounts used in accountancy. The two types of main account are then determined: tangible real account and immaterial real account.
particulars debit credit
C insurance expense $3180
prepaid insurance $3180
D interest receivable $3300
interest revenue $3300
E interest expense $2208
interest payable $2208
I unearned professional fees $19250
professional fees earned $19250
G cash $4200
unearned revenue $4200
H accounts payable $1700
cash $1700
F cash $12300
accounts receivable (from services) $12300
J prepaid rent $500
cash $500
A depreciation expenses $38217
accumulated depreciation $38217
B salaries expenses $13280
salaries payable $13280
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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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Order the steps to generate a transgenic mouse from when male and female mice are first mated to breeding heterozygous offspring together to generate a homozygote. mate male and female mice breed heterozygous offspring together to generate a homozygote Answer Bank harvest fertilized eggs from mated females implant the embryos into a surrogate female inject the transgene into a pronucleus identify integrants by DNA analysis
Mate male and female mice breed heterozygous offspring together to generate a homozygote Answer Bank harvest fertilized eggs from mated females and implant the embryos into a surrogate female injection.
DNA analysis meant to become aware of a species, in place of a person, is known as DNA barcoding. DNA profiling is a forensic method in crook investigations, evaluating criminal suspects' profiles to DNA proof in order to check the likelihood of their involvement in the crime. The DNA trying out technique is produced from 4 major steps, including extraction, quantitation, amplification, and capillary electrophoresis.
DNA is usually used to clear up crimes in one in all methods. In cases in which a suspect is recognized, a sample of that person's DNA can be in comparison to evidence from the crime scene. The effects of this comparison may additionally help establish whether the suspect dedicated the crime. each technique of extraction works nicely in the laboratory, however, analysts commonly pick their preferred approach based totally on elements together with the fee, the time involved, the amount of DNA yielded, and the first rate of DNA yielded.RFLP may be performed with single-locus or multi-locus probes (probes that target either one vicinity on the DNA or more than one location at the DNA).
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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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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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18) jonas was employed by barker apparel as a sewing machine repairman in one of the company's manufacturing plants. he, along with 500 other employees, was given written notice that the plant will be permanently shut down in 60 days. in the context of worker adjustment and retraining notification (warn) act, which of the following statements is true? group of answer choices jonas can file an employment discrimination claim against the employers. jonas can recover pay and benefits for the next 60 days because the employer did not give 90 days' advanced notice of the plant closing. jonas has no recourse because the employer complied with the worker adjustment and retraining notification act (warn). jonas can file a retaliation claim against the employers.
In the given scenario, the employer of Jonas has given a notice 60 days prior to closing of the plant, which means that he has no recourse as employer complied with the worker adjustment and retraining notification act (WARN) (option C is correct).
The WARN act suggested that the employer who hires more than 100 people in their organization is liable to give the employees notice about mass layoffs or complete shut down of organization 60 days prior to the actual act. If this is not complied with due regard, the employees are allowed legally to get all the benefits and rewards for next 60 days at most until they find a suitable earning source for themselves.
This is done to protect the right of the individual who are employed in a formal sector job. Mass layoffs are usually done when the company is unable to earn profits which are used to bear the cost of extra employees. So to cut the expenditure, this step is taken by many organizations. Year 2023 is seen as year of recession in many developing countries due to the after effects of Covid 19 felt in business and IT sector.
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Refer to complete question below:
Jonas was employed by barker apparel as a sewing machine repairman in one of the company's manufacturing plants. he, along with 500 other employees, was given written notice that the plant will be permanently shut down in 60 days. in the context of worker adjustment and retraining notification (warn) act, which of the following statements is true? group of answer choices
Jonas can file an employment discrimination claim against the employers. Jonas can recover pay and benefits for the next 60 days because the employer did not give 90 days' advanced notice of the plant closing. Jonas has no recourse because the employer complied with the worker adjustment and retraining notification act (warn). Jonas can file a retaliation claim against the employers.A ______ is similar to a debit card, but differs because the card itself magnetically stores its own accounts.
A smart card is similar to a debit card but differs because the card itself magnetically stores its own accounts.
In economics, an account refers to a record of financial transactions between two or more parties. This can be an individual, a business, or a government. An account can be used to track income, expenses, assets, liabilities, and equity. It provides a clear picture of a person's or organization's financial health.
In businesses, there are various types of accounts such as revenue, expenses, assets, and liabilities. These accounts help companies to keep track of their financial performance and to make informed decisions. In economics, accounting is an essential tool for measuring economic activities and the progress of the economy. It helps in providing financial information that is necessary for making economic decisions.
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Mark just placed a stop limit order to sell 100 shares at $21 stop, $18 limit. Which one of the following statements is correct concerning this order if the current market price is $16
A. As soon as the price rises to $18, the stock will be sold
B. The stock will sell for at least $18 but less than $21
C. The stock will sell for $18 a share as soon as the price hits $21
D. The order will become a limit order to sell at $21 once the market price reaches $18
E. The order will become a limit order to sell at $18 once the market price reaches $21
The correct option E. The order will become a stop limit order to sell at $18 once the market price reaches $21.
Explain the term stop limit order on shares?When buys or sells stocks, traders can reduce their risks by using a stop-limit order.
When a certain level is reached by stock prices, a stop-limit order gets put into effect.A stop-limit order is submitted to a public exchange and entered on the order book when it is placed by a trader. Until it is activated, canceled, or expires, the order is still in effect. Investors who place stop-limit orders must indicate whether they want the order to be valid for such current market or even the futures markets, and for how long.For sale 100 shares at $21 stop, $18 limit, Mark has just placed a stop-limit order. Which of the following is true about this order: -
If the market price is $16 right now, the order will change to a limit order to sell for $18 once the price is $21.
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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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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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Shareholders provide resources to an organization that are critical to long term success. Which of the following does the book suggest that suppliers offer?
a. The promise of customer loyalty
b. Material resources and/or intangible knowledge
c. Infrastructure
d. Revenue
e. Leadership skills
The book suggests that suppliers offer material resources and intangible knowledge to the association.
Material coffers include effects like raw accoutrements, outfit, inventories, and factors that are demanded for products. These coffers are frequently handed by suppliers at a cost to the association, and they're critical to the success of the business
In addition to material coffers, suppliers also offer impalpable knowledge to the association. This can include moxie, experience, and technology that the supplier has developed over time.
Eventually, while structure and profit are also important to the success of an association, they're generally not handed by suppliers. structure, similar as transportation networks, communication systems, and structures, is generally handed by the association or by external realities.
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lereu Biahks to complete the cost of goods sold sections. E5-14 Dorsett Corporation reported sales revenue of $257,000, net income of $45,300, cash of $9,300, and net cash provided by operating activities of $23,200. Accounts receivable have increased at three times the rate of sales during the last 3 years Instructions (a) Explain what is meant by high quality of earnings (b) Evaluate the quality of the company's earnings. Discuss your findings. (c) What factors might have contributed to the company's quality of earnings? *E5-15 This information relates to Alfie Co. 1. On April 5, purchased merchandise from Bach Company for $27,000, terms 2/10, n/30. 2. On April 6, paid freight costs of $1,200 on merchandise purchased from Bach Company 3. On April 7, purchased equipment on account for $30,000. 4. On April 8, returned some of the April 5 merchandise to Bach Company, which cost $3,600. 5. On April 15, paid the amount due to Bach Company in full.
(a) "High quality of earnings" refers to the earnings that are generated from a company's core operations and are sustainable over the long term. In other words, high-quality earnings are those that are not subject to significant volatility or manipulation and are backed by actual cash flows.
What is the high quality of earnings?(b) Based on the information provided, it is difficult to assess the quality of Dorsett Corporation's earnings. However, the fact that accounts receivable have increased at three times the rate of sales over the last 3 years could be an indicator of potentially low-quality earnings. This could suggest that the company is recognizing revenue too early or that it has difficulty collecting payments from customers.
(c) Several factors could have contributed to Dorsett Corporation's quality of earnings, including the company's revenue recognition policies, its credit and collections practices, and its overall financial health.
Note: The Purchase Discount is calculated as $27,000 x 2% = $540, and deducted from the amount owed to Bach Co. ($27,000 - $540 = $26,460).
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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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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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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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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
A person who scores high on __________ intelligence is likely to be sensitive to sounds in the environment.
a.musical-rhythmic
b.logical-mathematical
c.verbal-linguistic
d.visual-spatial
A person who scores high on a. musical-rhythmic intelligence is likely to be sensitive to sounds in the environment.
What is the name for musical rhythm?
Music's Rhythm: Ostinato -
Ostinatos can be classified as melodic, rhythmic, or chordal. The key point when talking about a piece of music's rhythm is to focus on its rhythmic patterns. A riff is another term for an ostinato. A recurring melodic pattern is another definition of a riff.
What is a good illustration of rhythm in music?- When composing a song, we could sing out the rhythm, such as "boom, chak, boom boom, chak." Boom, chak, boom, chak, boom. Of course, a drummer could play it if one is there.
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In May 2021, the Bank of Ghana’s statistical bulletin report indicated that, the government of Ghana’s total domestic debt was GH¢171.7 billion. Out of this total domestic debt, GH¢86.5 billion representing 50 percent of the domestic debt was held by universal banks (Example Stanbic Bank and others).
This implies that, including the domestic debts held by institutions that operate under Securities Exchange Commission (SEC), National Insurance Commission (NIC) and National Pension Regulatory Authority (NPRA). This will constitute about 75% of the domestic debt held by these institutions, this eventually crowds-out the private sector. Vividly examine the effect of this crowding-out on Ghana’s economy.
The theoretical underpinnings of Ghana's unsustainable debt during the past 14 years are attempted to be analysed in this essay.
From the perspective of the factors that have been identified as the main contributors to Ghana's mounting debt, this investigation is significant.
The research, which is qualitative in nature, is based on secondary data taken from the Ministry of Finance and Economic Planning Annual Debt Reports 2009–202 and various reports of the Bank of Ghana Monetary Policy Committee as well as books, journal articles, and other materials on the topic that were obtained from both online and physical libraries.
When tax revenues are insufficient to cover necessary expenses, governments frequently borrow money from both the local and foreign markets.
Due to an annual funding shortfall of $2.5 billion to $3 billion, which requires borrowing from both domestic and international markets to close, there has been a progressive upward trend in the buildup of public debt in the Ghanaian environment during the past ten years.
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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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Wally's Widgets' budgeted FOH is $8000. The company expects to produce 4000 units and has a practical capacity of 5000 units. The FOH rate based on practical capacity is: ___ per unitO $1.60 O $ 16O $ 160O $ 1.06
Option A is correct. The FOH rate based on practical capacity is $1.60 per unit: 8000/5000.
The difference between the entire fixed overhead as planned in the fixed overhead budget for a given accounting period and the total fixed overheads actually incurred during the period is known as the fixed overhead budget variance (sometimes referred to as FOH spending variation).
Calculate the projected cost per unit by multiplying the total costs by the anticipated manufacturing run. Consider a scenario in which your manufacturer's annual production is projected to be 10,000 units, with total overhead costs of $30,000 at the factory. Your per-unit production overhead cost is $3, so divide $30,000 by 10,000 units.
Determine how much the company should charge for a service or product to turn a profit by calculating overhead costs. Calculating overhead costs is crucial for budgeting.
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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.
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?
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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Which of the following items is not included in the income tax footnote for a publicly traded company?Oa. Analysis of deferred tax assets and liabilities. Ob. Rate reconciliation Oc. Breakdown of income tax among U.S. states. Od. Breakdown of income tax between foreign and domestic.
The correct answer is Option C: Breakdown of income tax among U.S. states. This item is not included in the income tax footnote for a publicly traded company.
The income tax footnote for a publicly traded company typically includes the following items:
Analysis of deferred tax assets and liabilities (Option A)Rate reconciliation (Option B)Breakdown of income tax between foreign and domestic (Option D)However, it does not typically include a breakdown of income tax among U.S. states (Option C). This is because the income tax footnote is focused on providing information about the company's overall tax situation, not the specific tax situation in individual states.
In conclusión, the correct answer is Option C: Breakdown of income tax among U.S. states.
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