A). The receivables turnover is 9.72.
B), The days' sales in receivables is 37.57.
C). Average collection period times days is 37.57
A) Receivable turnover =Credit sales/Receivable
=4986340/513260
= 9.72
Ans b)Days sales receivable =Receivable*365/Credit sales
= 513260*365/4986340
=37.57
Ans c)Average collection period=365/AR turnover
= 365/9.72
37.57
An organization is an agency—normally a collection of people or a business enterprise—legal by way of the country to act as an unmarried entity (a felony entity recognized by private and public law "born out of statute"; a prison character in felony context) and recognized as such in regulation for certain purposes.10 Early integrated entities were mounted by charter (i.e. through an ad hoc act granted by means of a monarch or surpassed through a parliament or legislature).
Maximum jurisdictions now allow the advent of the latest organizations thru registration. businesses are available in many different types however are usually divided by means of the regulation of the jurisdiction wherein they may be chartered based totally on aspects: by way of whether they are able to trouble stock, or through whether or not they are shaped to make a profit. relying on the wide variety of proprietors, a company can be labeled as a combination (the problem of this article) or sole (a legal entity including an unmarried incorporated workplace occupied by means of a single natural character).
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FILL IN THE BLANKa ____ is a partnership in which two or more companies (often from different countries) join together and share the risk and costs in order to undertake a major project.
A joint venture is a collaboration when two or more businesses, frequently from different nations, work together to take on a significant project while splitting the expenses and risks.
A joint venture is what?
A joint venture (JV) is an enterprise where two or more businesses combine their resources in an effort to gain a competitive edge. Joint ventures between businesses are regularly created to work on certain projects.
The JV could be a brand-new venture with distinct core business operations or it could be a fresh idea with related products or services. Companies establish a joint venture (JV) by signing contracts with all parties concerned. Gains and losses from the venture were divided among the participants.
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What are the major issues and concerns of macroeconomics?
macroeconomics is concerned with how the overall economy works. It studies such things as employment, gross domestic product, and inflation—the stuff of news stories and government policy debates.
Explanation:
_____ are opinion leaders who evaluate ideas carefully, take risks, help to adapt new ideas to local settings, and have effective networking skills.
Early adopters are opinion leaders who evaluate ideas carefully, take risks, help to adapt new ideas to local settings, and have effective networking skills.
Who is a leader?A leader is someone who gives people a sense of purpose and inspiration. A leader is somebody who provides their team with the resources and encouragement they need to succeed.
Opinion leaders that thoroughly consider ideas, are much more skeptical and persuasive, nevertheless take risks, aid in adjusting fresh concepts to suit local conditions, and possess strong management systems designed. early adopters appear to represent the highest level of opinion leadership.
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Which of the following are reasons for studying marketing? (Check all that apply.)-Marketing helps ensure that the things we buy are available when we need them.-Marketing provides a detailed breakdown of a company's bottom line.-Because marketing costs can be an important part of a product's price, we should know what we are paying for.-We are all consumers, so we should learn about buying and selling.
Marketing helps ensure that the things we buy are available when we need them marketing provides a detailed breakdown of a company's bottom line it is important to study marketing. Here all options are correct.
Marketing helps ensure that the things we buy are available when we need them. Marketing helps businesses understand consumer needs and preferences, and design products and services that meet those needs.
Marketing provides a detailed breakdown of a company's bottom line. Marketing is an important part of business strategy and can have a significant impact on a company's financial performance. Because marketing costs can be an important part of a product's price, we should know what we are paying for.
Marketing is a critical component of the cost structure of a product or service, and the cost of marketing can have a significant impact on the price that consumers pay.
We are all consumers, so we should learn about buying and selling. Understanding marketing is important for everyone, not just business professionals. We are all consumers, and as such, we are all involved in buying and selling activities in some way.
Complete question:
Which of the following are reasons for studying marketing? (Check all that apply.)-
A - Marketing helps ensure that the things we buy are available when we need them.
B - Marketing provides a detailed breakdown of a company's bottom line.
C - Because marketing costs can be an important part of a product's price, we should know what we are paying for.
D - We are all consumers, so we should learn about buying and selling.
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The ______ future value factor is found by taking the future value factor and subtracting one, then dividing this number by the interest rate.
The annuity future value factor is found by taking the future value factor and subtracting one, then dividing this number by the interest rate.
The future value of an annuity is the worth of a series of recurrent payments at a future date, assuming a specific rate of return, or discount rate.
The higher the discount rate, the bigger the future value of the annuity. It is easy to compute the future value of an annuity if all of the variables around it are understood, such as payment amount, expected rate, and number of periods.
Money received or paid out today is worth more than the same amount of money in the future because of the time value of money. This is due to the fact that the funds can be invested and allowed to develop over time.
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$30k monthly commissions case study: follow the case study which shows how they make $20,000 in monthly recurring commissions.
A recurring commission has advantages such as the potential for continued passive revenue and the capacity to develop a residual income stream over time.
What is the system about?A recurring commission system refers to a compensation plan in which an individual earns a commission repeatedly for as long as a customer remains a customer of a company. The benefits of such a system include the potential for ongoing passive income, as well as the ability to build a residual income stream over time.
Additionally, it can incentivize individuals to continue promoting a product or service to maintain their commission earnings.
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$30K Monthly Commissions Case Study
Follow the case study which shows how the creator makes $20,000 in monthly recurring commissions. Join Glynn live as he details exactly how to put together your Recurring Commission System. The replay will be available inside the member’s area. Because it eliminates competition and makes it push-button simple to bank hundreds per sale without a list or even paid traffic. This is by far the most complete high-profit and recurring affiliate system I’ve ever seen. The Recurring Commission System does everything for you, including finding affiliate products and setting up your funnels.
What’s great about Recurring Commission System
According to the classic five-point question format for purchase intentions, which of the following is true of the top-two-boxes score?
A. This score represents the number or percentage of people who definitely would not buy a product.
B. This score is used as an indicator of group reaction.
C. Researchers who calibrate this score believe that it reflects real figures.
D. This score is used to indicate the number or percentage of people who might or might not buy a product.
The important cause of notion exams is to get a photo of the modern understanding of the class, not of an person student. As a result, notion tests are normally ungraded or very low-stakes.
Which of the following is a commonly used approach for notion testing?Creating a Concept Test Survey
The simplest and most frequent way to behavior a thought take a look at is with a survey. Surveys enable you to without problems collect remarks on-line and achieve a deeper understanding of how shoppers respond to distinctive aspects of your concept.
The fourth kind of thinking format, digital reality, captures the benefits of the prototype without most of the disadvantages.
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https://brainly.com/question/3521552#SPJ4Refer to the accompanying figure. When Jeff goes from watching 3 to 4 movies a day, his total utility
When Jeff goes from watching 3 to 4 movies a day, his total utility Decreases.
What is total utility ?Total utility is the overall satisfaction a buyer experiences after using a specific good or service. Each distinct unit of products or services has its own marginal utility. The sum of all such individual objects' marginal utilities is the total utility.
As seen on the graph, at 3 movies a day, Jeff's utility is 7 . 5 units per movie but at 4 utility a day, Jeff's utility decreases to 2. 5 units per movie.
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There are many different types of market baskets that economists measure. For example, the market basket for consumers—called the Consumer Price Index—tracks the prices associated with the typical consumer’s purchases of goods and services. The Producer Price Index tracks the prices that firms receive when selling their goods and services.
Indicate the appropriate market basket to use in each of the following instances.
Consumer Price Index:
a) Measuring differences in the cost of living between different cities.
b) Examining prices changes that might affect businesses.
c) Measuring the cost of living for a typical consumer.
Producer Price Index:
A) Measuring differences in the cost of living between different cities.
B) Examining price changes that might affect businesses.
C) Measuring the cost of living for a typical consumer.
The market baskets to use in Consumer Price Index are Measuring differences in the cost of living between different cities and the cost of living for a typical consumer. So, the correct options are A,C.
The market basket to use in Producer Price Index is Examining price changes that might affect businesses. So, the correct options is B.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by consumers for a basket of goods and services, such as food, housing, clothing, transportation, and healthcare.
It provides a snapshot of the cost of living for a typical consumer, and is used by economists and policymakers to monitor changes in the cost of living over time. This makes it an appropriate choice for measuring differences in the cost of living between different cities (a) and for measuring the cost of living for a typical consumer (c).
The Producer Price Index (PPI), on the other hand, is a measure of the average change over time in the prices received by producers for their output of goods and services, and is used to track changes in wholesale prices.
This makes it an appropriate choice for examining price changes that might affect businesses (B). The PPI is a useful indicator of inflationary pressures at the wholesale level, and can provide an early signal of future price increases for consumers.
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which of these choices would make a good secondary bid strategy for a client who wanted to run on smart shopping campaigns and use maximize conversion value as a bid strategy?Target Return On Ad Spend (tROAS)
Maximize Clicks
Enhanced CPC
Manual Max CPC
The best secondary bid strategy for a client who wanted to run on smart shopping campaigns and use maximize conversion value as a bid strategy would be Enhanced CPC. So, the correct option is C.
A secondary bid strategy for a client who wants to run on smart shopping campaigns and use "maximize conversion value" as their primary bid strategy would be an option that provides additional flexibility and control over the bidding process. One good secondary bid strategy in this case is "Target Return on Ad Spend".
This bid strategy works well as a secondary bid strategy because it allows the advertiser to set a target return on investment while still utilizing the "maximize conversion value" strategy as the primary bid strategy.
In this scenario, the "maximize conversion value" strategy would focus on maximizing the total value of conversions, while the tROAS strategy would focus on optimizing the return on ad spend, ensuring that the cost of the campaigns remains within a specified target.
This combination of strategies would provide the advertiser with a balance of maximizing conversions while also controlling their costs.
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The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 240, 185, 165, 180, 130, and 120. She believes that the number of customers served on weekdays follows a normal distribution. (You may find it useful to reference the t table.) Click here for the Excel Data File a. Calculate the margin of error with 99% confidence. (Round final answer to 2 decimal places.) Margin of error b. Construct the 99% confidence interval for the average number of customers served on weekdays. (Round final answers to 2 decimal places.) Lower limit Upper limit c. How can the margin of error reported in part a be reduced? - Increase the sample size - Decrease the sample size - Increase the standard deviation - Increase the confidence level
To reduce the margin of error, Increase the sample size. Increasing the sample size would increase the precision of the estimate, resulting in a smaller margin of error. Here option A is the correct answer.
To calculate the margin of error and construct the confidence interval for the average number of customers served on weekdays at The Cheesecake Factory in Memphis, the following steps can be followed:
a. Calculate the margin of error with 99% confidence:
The sample size is 6, so the degrees of freedom are 6-1=5.
From a t-distribution table with 5 degrees of freedom and a confidence level of 99%, the t-value is 2.571.
The sample mean is calculated as the sum of the sample data divided by the sample size: (240 + 185 + 165 + 180 + 130 + 120) / 6 = 170.
The sample standard deviation is calculated as: ((240-170)^2 + (185-170)^2 + (165-170)^2 + (180-170)^2 + (130-170)^2 + (120-170)^2) / (6-1)) = 28.19.
The margin of error can then be calculated as: t-value * standard deviation/(sample size) = 2.571 * 28.19/(6) = 21.34.
b. Construct the 99% confidence interval for the average number of customers served on weekdays:
The lower limit is calculated as: sample mean - margin of error = 170 - 21.34 = 148.66.
The upper limit is calculated as the sample means + margin of error = 170 + 21.34 = 191.34.
Thus, the 99% confidence interval for the average number of customers served on weekdays is (148.66, 191.34).
c. Reducing the standard deviation or increasing the confidence level would have the opposite effect and would increase the margin of error.
Complete question:
The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 240, 185, 165, 180, 130, and 120. She believes that the number of customers served on weekdays follows a normal distribution. (You may find it useful to reference the t table.) Click here for the Excel Data File a. Calculate the margin of error with 99% confidence. (Round final answer to 2 decimal places.) Margin of error b. Construct the 99% confidence interval for the average number of customers served on weekdays. (Round final answers to 2 decimal places.) Lower limit Upper limit c. How can the margin of error reported in part a be reduced? -
A - Increase the sample size
B - Decrease the sample size
C - Increase the standard deviation
D - Increase the confidence level
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Monique wants to create an advertising brochure to publicize her upcoming store grand opening. What is the first step she should take in preparing the brochure?
Choose the answer.
Question 13 options:
choose the paper
choose the colors and fonts
edit and revise
determine the purpose and goals
The front cover of the folded brochure is this initial portion. It contains an image, the name of the business, and a compelling statement that compels the reader to open it and continue reading.
What is the first step in making a brochure?Create the following folder before you begin so that you have it hand:
If you have a logo, you should use the greatest resolution possible so that it will print well.Choose a couple of the most impressive images of your goods and services.Spend a little time planning out your message in advance since it's crucial.You have the chance to elaborate on who you are and what you stand for in a brochure.Get all the information you need to run your business.To know more about brochure, visit:
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If a firm sets its quantity of output such that its marginal revenue equals its marginal cost, and then sees that its price exceeds its average total cost, this implies that the firm
a.is earning a loss but should stay open.
b.is profitable.
c.is breaking even (earning zero profit).
d.is earning a loss and should shut down.
When the marginal revenue of a firm is equal to its marginal cost, it means that the firm is producing at its optimal level where it can maximize its profits. If the price of the firm's output is higher than its average total cost, it means that the firm is earning a positive profit, so the answer is B.
FILL IN THE BLANK. Allocation of resources within the capitalistic system is accomplished through a ______ approach where buyers and sellers meet.
Allocation of resources within the capitalistic system is accomplished through a market approach where buyers and sellers meet.
What is a market?A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. There may be some government intervention or central planning, but usually this term refers to an economy that is more market oriented in general.
Types of market economy includes:
OligopolyPerfect competitionMonopolyMonopolistic competitionHence, Allocation of resources within the capitalistic system is accomplished through a market approach where buyers and sellers meet.
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Assume that the risk-free rate is 4.5% and the market risk premium is 6%.
What is the expected return for the overall stock market? Round your answer to two decimal places.
%
What is the required rate of return on a stock with a beta of 0.8? Round your answer to two decimal places.
%
Expected return for the overall stock market = Risk free rate of return + market risk premium = 4.5% + 6% = 10.50%
Required rate of return on stock = Risk free rate of return + beta of the stock (Expected return for the market - risk free rate of return) Required rate of return on stock = 4.5% + 0.8 (10.50% - 4.5%) = 4.5% + 4.80% =Required rate of return on stock = 9.30%The entire market value of all publicly traded securities worldwide climbed from US$2.5 trillion to US$93.7 trillion by the end of 2020.As of 2016, there were 60 stock exchanges worldwide. The market capitalization of 16 of these exchanges is at least $1 trillion, and
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Use CA for current asset, NCA for noncurrent asset, CL for current liability, NCL for noncurrent liability, and SE for stockholders' equity. Also indicate whether the account normally has a debit or credit balance
Current assets are short-term assets, or those that can be quickly sold and used to meet an organization's immediate needs. Noncurrent Assets are long-term investments with a lifespan of more than a year.
Cash, marketable securities, inventories, and accounts receivable are a few examples of current assets.An asset that the business purchases or invests in, but the value of which does not recur within an accounting year, is referred to as a non-current asset. These kinds of investments have a lengthy lifespan, are difficult to convert to cash, and can provide the business with financial advantages for up to two years. If a condition is broken at or before the reporting date and a waiver is acquired after the reporting date, the liability is considered current. If a covenant is broken after the reporting date, a loan is labelled as non-current.
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Prepayments are: (Select all that apply.)transactions in which cash flow precedes revenue recognition.transactions in which cash flow precedes expense recognition.
Prepayments are A: "transactions in which cash flow precedes revenue recognition" as well as C: "transactions in which cash flow precedes expense recognition".
A: Prepayments are transactions in which cash flow precedes revenue recognition. This means that a customer makes a payment before the delivery of a product or service, resulting in cash inflows prior to the recognition of revenue. This can create a timing difference between cash inflows and the recognition of revenue, which can impact the financial statements.
C: Prepayments can also precede expense recognition. This means that a company may incur expenses related to a product or service before the corresponding payment is received from the customer. This can result in the recognition of expenses prior to the recognition of the related cash inflows, which can also impact the financial statements.
"
Complete question
Prepayments are: (Select all that apply.)
A: transactions in which cash flow precedes revenue recognition.
B: transactions in which cash flow follows revenue recognition.
C: transactions in which cash flow precedes expense recognition.
"
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Which of the following are considered to be discretionary information produced by accounting information systems?a. U.S. Tax Return.b. Bank capital submission to the State Banking Commission.c. The number of U.S. flags that are sold on July 4.d. 10-K regulatory filing to the Securities and Exchange Commission.
(d) 10-K regulatory filing to the Securities and Exchange Commission is considered to be discretionary information produced by accounting information systems.
Discretionary information is data that is not required by law or regulation, but rather is voluntarily produced by companies to provide additional information to stakeholders. A 10-K regulatory filing to the Securities and Exchange Commission is considered to be discretionary information because it is voluntarily produced by companies to provide information about their financial performance, risk factors, and other aspects of their business to investors and other stakeholders.
A U.S. Tax Return, a bank capital submission to the State Banking Commission, and the number of U.S. flags that are sold on July 4 are not considered to be discretionary information because they are required by law or regulation. U.S. Tax Returns are required by the Internal Revenue Service, bank capital submissions to the State Banking Commission are required by state banking regulations, and the number of U.S. flags that are sold on July 4 is not required by law or regulation, but it is not typically considered to be discretionary information.
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finance companies make loans to people who could not get credit anywhere else. to compensate for taking this extra risk, finance companies: ____________
Finance companies play a crucial role in providing credit access to people who may not be able to get loans from traditional banks or credit unions.
These individuals may have poor credit scores, limited credit history, or other financial difficulties that make them less attractive to traditional lenders. To compensate for the extra risk involved in lending to these individuals, finance companies charge higher interest rates and fees. The higher interest rates help the company to earn a return on the investment while covering the potential losses they may incur if the borrower defaults on the loan. The higher fees can help to offset administrative costs, such as loan processing and underwriting, which may be more intensive for higher-risk borrowers. Finance companies also typically have stricter loan terms and conditions compared to traditional lending institutions. For example, they may require higher down payments, shorter repayment terms, or more collateral to secure the loan. This helps to reduce their risk, as it increases the chances that the borrower will repay the loan and reduces the potential losses in case of default. In conclusion, finance companies compensate for the extra risk involved in lending to people with poor credit or limited credit history by charging higher interest rates, fees, and imposing stricter loan terms and conditions. This helps to ensure that the company earns a return on investment while also reducing the potential losses from loan defaults.
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the trial balance of a company included the following account balances: Cash, $25,000; short-term investments, $10,000; accounts receivable, $40,000; inventory, $90,000; and prepaid insurance, $12,000.How much It's quick assets total?
The trial balance of a company included the following account balances: Cash, $25,000; short-term investments, $10,000; accounts receivable, $40,000; inventory, $90,000; and prepaid insurance, $12,000. It's quick assets total is $75,000.
Quick assets are all current assets that can be swiftly transformed into cash. Since they require a lot more time to be converted into cash than other current assets, inventory and prepaid insurance are not included in this. Because receivables recover faster than inventory, they have greater liquidity.
Quick assets are cash on hand or current assets like accounts receivable that can be converted to cash with little to no discounting. Rapid conversion into cash (high liquidity) is essential because businesses frequently employ quick assets to pay off short-term liabilities as they arise.
Quick assets Total can be calculated as follows
=account receivable + cash + short term investments
= $40,000+$25,0000+$10,000
= $65,000+$10,000
= $75,000
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Consider the production possibilities frontier for a country that produces cars and wheat: (Look at phone PPF) In the absence of trade, if this country chooses to produce 6 million cars then they will also be able to produce million bushels of wheat. Enter a whole number. Suppose the country specializes in wheat production and trades 100 million bushels of wheat in exchange for 8 million cars. They will be able to consume million bushels of wheat. Enter a whole number.
The production possibilities frontier for a country that produces cars and wheat is 101 million.
A production possibilities frontier (PPF) is a graphical representation of the maximum amount of two goods that a country can produce, given the available resources and technology. In this case, the country produces both cars and wheat.
When the country produces 6 million cars, it can also produce a million bushels of wheat. This is the point where the country's resources are being fully utilized.
However, when the country decides to specialize in wheat production and engage in trade with other countries, it can increase its consumption of both goods.
The mathematical representation of this trade is as follows:
Let's denote the number of cars produced as C and the number of bushels of wheat produced as W.
Before trade, the country can produce C = 6 million cars and W = 1 million bushels of wheat.
After trade, the country can produce
=> C = 8 million cars and W = 1 + 100 million = 101 million bushels of wheat.
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Managers in high performing organizations with high efficiency and high effectiveness,
-Choose the wrong goals, but make good use of resources
-choose the right Goals to pursue and make good use of resources
-choose the right goals, but do a poor job of using resources
-choose the wrong goals and make poor choice of resources
Managers in high-performing organizations with high efficiency and high effectiveness choose the right goals to pursue and make good use of resources.
The high efficiency and effectiveness of managers help them choose the right goals and effectively use resources to pursue them for high-quality products that customers want.
Goals + Plans = Planning
Setting goals and choosing a course of action to reach those goals is the management function known as planning. In order to support your strategic goals, good managers know how to use resources and make sure the appropriate resources are available.
Managers in high-performing companies are proficient at prioritizing work requests and setting realistic expectations with important stakeholders. They ascertain actual resource availability as well and utilize the right resources on the right work at the right time.
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What effect does unemployment have on the economy?
Answer:
hi, so an economic that is not employed can lead.
1. drastical reduction of workforce
2.lack of basic infrastructure
3. increase in proverty
4. economy development Will be stagnant.
In which of the following situations would monetary policy be least effective?
a. controlling inflation
b. slowing expansion
c. controlling inflation and recession
d. controlling recession
- Please answer with a detailed explanation. Answers without detailed explanations are rejected automatically.
When trying to control both inflation and a recession at once, monetary policy is the least successful.
In order to accomplish certain macroeconomic objectives like reining in inflation, slowing economic growth, or averting a recession, monetary policy entails altering the amount of money in circulation in the economy. The instruments employed to manage one may have negative repercussions on the other, making it difficult for central banks to regulate both prices and depression at the same time. For instance, raising interest rates, a traditional tactic for containing inflation, slows the economy and increases the risk of a recession. Amid contrast, decreasing interest rates, a strategy used to boost the economy in a downturn, can result in a rise in inflation.
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which of the following topics would not be included in a report on internal control matters noted in a nonissuer financial statement audit?
The analysis of the organization's business strategy is not relevant to a report on internal control matters noted in a nonissuer financial statement audit. The other topics listed are all pertinent to such a report. The answer is C.
An analysis of the organization's internal control system, an assessment of the organization's risk management process, a review of the organization's compliance with legal and regulatory requirements, and an evaluation of the organization's management of financial reporting risks are all components of an internal control report.
Since your question is not complete, here is the full task:
A. Management's assessment of the effectiveness of the organization's information technology systems.
B. Evaluation of the risk of fraud in the financial statements.
C. Analysis of the organization's business strategy.D. Examination of the organization's compliance with applicable laws and regulations.
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Osborn Manufacturing uses a predetermined overhead rate of $18.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $224,480 of total manufacturing overhead for an estimated activity level of 12,200 direct labor-hours.
The company actually incurred $219,000 of manufacturing overhead and 11,700 direct labor-hours during the period.
To calculate the over- or under-applied overhead for Osborn Manufacturing, we need to compare the actual overhead costs incurred to the overhead costs that were applied to the goods produced during the period.
First, we'll calculate the overhead that was applied to the goods using the predetermined overhead rate:
$18.40 per direct labor-hour * 11,700 direct labor-hours = $218,548
Next, we'll compare the actual overhead costs incurred to the overhead costs that were applied:
$219,000 actual overhead costs - $218,548 applied overhead costs = $452 under-applied overhead
Since the actual overhead costs incurred were less than the overhead costs that were applied, there is an under-applied overhead of $452. This means that Osborn Manufacturing incurred less overhead costs than it had planned for the period, and the overhead rate used may have been too high.
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Email takes the place of printed letters in much business correspondence. Which of the following might still remain in a letter format? A) Nothing. Emails is the fasted communication B) Body shop estimate for insurance claim C) Death certificate for insurance claim
The correct option is C. Death certificate for the insurance claim might still remain in a letter format.
Commercial enterprise economics is an area in applied economics that makes use of monetary concepts and quantitative strategies to investigate business companies and the factors contributing to the range of organizational structures and the relationships of companies with labor, capital, and product markets.
Enterprise economics is a field of carried out economics that research the economic, organizational, market-related, and environmental troubles faced by businesses. commercial enterprise economics encompasses topics inclusive of the idea of scarcity, product factors, distribution, and intake. enterprise is likewise the efforts and activities of a person who is producing items or imparting offerings with the cause to sell them for earnings. commercial enterprise Definition. commercial enterprise refers to an enterprising entity or employer that contains professional sports. They can be business, commercial, or others.
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Referring to the Modified Circular Flow Model, explain the roles of each party that participates in the factor market.
The Modified Circular Flow Model is a visual representation of how goods, services, and money flow through an economy. In this model, there are two main markets: the product market and the factor market. The factor market is where the factors of production, such as land, labor, capital, and entrepreneurship, are bought and sold.
There are two main parties that participate in the factor market: households and businesses.
Households are the owners of the factors of production, and they supply these factors to businesses in exchange for payment. For example, households supply labor in exchange for wages, they supply land in exchange for rent, and they supply capital in exchange for interest or profits. In this way, households are sellers in the factor market.
Businesses, on the other hand, are the buyers in the factor market. They demand the factors of production to produce goods and services, which they then sell in the product market. Businesses pay for the factors of production through the revenues they earn from the product market. The payments made to households in exchange for the factors of production are considered costs of production for businesses.
In summary, households supply the factors of production in the factor market, and businesses demand these factors to produce goods and services in the product market. Through this exchange, households receive income from the factor market and businesses incur costs of production.
what is the definition of social media marketer?
Utilizing social media sites to market your brand and increase sales of your goods or services is known as social media marketing.
Using social media websites sites and stages to publicize a decent or administration is known as virtual entertainment showcasing.Despite the way that e-promoting computerized advertising prevails in the scholarly world, virtual entertainment showcasing is filling in notoriety among professionals and scientists the same.Most web-based entertainment networks offer incorporated information investigation apparatuses that let organizations screen the turn of events, viability, and commitment of promoting drives.As far as technique, web-based entertainment showcasing involves dealing with an administration, deciding the degree, and laying out the online entertainment.Using social media sites to advertise the image and increment deals of your labor and products is known as virtual entertainment promoting.
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Milner Company is working on two job orders. The job cost sheets show the following. Direct materials Direct labor Manufacturing overhead Job 201 $7,200 4,000 5,200 Job 202 $9,000 8,000 9,800 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation (a) Work in Process Inventory 16200 16200 Raw Materials Inventory (To assign materials to jobs) (b) Work in Process Inventory 12000 Factory Labor 12000 (To assign labor to jobs) (c) Work in Process Inventory 15000 Manufacturing Overhead 15000 (To assign overhead to jobs)
The three summary entries involve work in process inventory and raw materials inventory to assign materials to jobs.
The three summary entries on the job cost sheets on the basis of the given data are as follows:
(a) Work in Process Inventory = $16450
Raw Materials Inventory = 7,500 + 8,950 = $16450
(To assign materials to jobs)
(b) Work in Process Inventory = $11850
Factory Labor = 3,950 + 7,900 = $11850
(To assign labor to jobs)
(c) Work in Process Inventory = $15600
Manufacturing Overhead = 5,500 + 10,100 = $15600
(To assign overhead to jobs).
Companies that utilize the job-order costing system to calculate and allocate costs to goods and services produce job cost sheets, which are used to record manufacturing expenses. All manufacturing expenses (direct materials, direct labor, and manufacturing overhead) must be documented on the project cost sheet by the accounting department.
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Correct way to ask the question is:
Milner Company is working on two job orders. The job cost sheets show the following.
Job 201 Job 202
Direct materials $7,500, $8,950
Direct labor 3,950, 7,900
Manufacturing overhead 5,500, 10,100
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets.