Answer:
350
Explanation:
Add 9000 + 200 = 9200
Then you do 9550 - 9200 = 350
Answer:
350 he is right
Explanation:
During 2018, Leucothea Co. became involved in a legal dispute with a supplier. At December 31, 2018, Leucothea’s legal advisor believed that an unfavorable outcome was probable. A reasonable estimate of resulting monetary damages is $100,000 but could be as much as $200,000. Leucothea has legal liability insurance coverage that limits their loss to $80,000. After the 2018 financial statements were issued, Leucothea agreed to settle the case for $125,000. What amount of accrued liability should Leucothea have reported in its December 31, 2018 balance sheet?
Answer:
$80,000
Explanation:
Prudence allows that liabilities should not be understated and assets should not be overstated .
As the case is probable to result to a liability by the lawyers assessment , this means that it is more likely to happen and liability should be recognized . However , there is an insurance that limits the liability to the tune of $80,000 regardless of the agreement made towards the settlement.
The sum of $80,00 should be recognized as the liability in the statement of financial position
Josh pays $3,000 for a Treasury Inflation-Protected Security that has an annual interest rate of three percent. By the end of the first year that he owns the bond, consumer prices have increased by 10 percent. After this adjustment, how much interest is he paid per year?
Answer:
$99
Explanation:
Treasury inflated protected security is defined as type of security issued by the government that is indexed for inflation. This reduces the risk to investors as a result of reduced purchasing power from inflation.
In this scenario Josh is paying $3,000 for a treasury inflation-protected security.
If the value of Josh's bond increases by 10% as a result of increase in consumer price, we will calculate the new bind price
New bond value= 1.10 * 3,000= $3,300
The interest paid by Jos is 3%
New interest= 0.03 * 3,300= $99
So Josh will now pay $99 as interest
Reed, a 15-year-old, has run out of money while on a trip away from home. Martha gives him food, a place to sleep, and his bus fare home, in exchange for Reeds promise to pay $200 after he got home. Is Reed's promise enforceable?
Answer:
no he has nothing else to lose...
Explanation:
Question One The cost of plant in use with Hand Sanitizer Ltd (Hand Sanitizer), a manufacturing firm on 1st April 2018 was GH₵375,000 against which the accumulated depreciation stood at GH₵157,500 on that date. The firm provided depreciation at 30% of the diminishing value. On 31st December 2018 two plants costing GH₵22,500 and GH₵18,000 respectively, both purchased on 1st October 2015, had to be discarded because of damages and had to be replaced by two new plants costing GH₵30,000 and GH₵22,500 respectively. One of the discarded plants was sold for GH₵12,000, against the other it was expected that GH₵4,500 would be realisable. Required: Show the relevant accounts in the ledger of Hand Sanitizer for the year ended 31st March 2019. (7 mark
Answer:
Hand Sanitizer Ltd
Relevant Ledger Accounts for the year ended 31st March 2019:
a) Plant Account
Date Description Debit Credit
GH₵ GH₵
April 1, 2018 Balance b/d 375,000
Dec 31, 2018 Plants Disposal Account 40,500
Dec 31, 2018 Cash for New Plants 52,500
Dec 31, 2018 Balance c/d 387,000
Total 427,500 427,500
b) Accumulated Depreciation - Plant
Date Description Debit Credit
GH₵ GH₵
April 1, 2018 Balance b/d 157,500.00
Dec. 31, 2018 Plants Disposal Account 27,427.10
March 31, 2019 Depreciation Expense 65,265.63
March 31, 2019 Balance c/d 195,338.53
Total 222,765.63 222,765.63
c) Plants Disposal Account
Date Description Debit Credit
GH₵ GH₵
Dec. 31, 2018 Plant Account 40,500
Dec. 31, 2018 Accumulated Depreciation 27,427.10
Dec. 31, 2018 Cash 12,000.00
Dec. 31, 2018 Loss on Disposal 1,072.90
Total 40,500 40,500
d) Depreciation Expense Account - Plant
Date Description Debit Credit
GH₵ GH₵
March 31, 2019 Accumulated Depreciation 65,265.63
Explanation:
a) Depreciation method is 30% on the diminishing value or the reducing balance. This is one of the methods of asset depreciation. Others are the straight-line method, the accelerated method, and production units method. The diminishing value method calculates depreciation based on the difference between the cost and accumulated depreciation, including disposals. The straight-line method applies the same amount over the useful life of the asset. The accelerated methods ensure that depreciation in the earlier years is greater than in the later years to balance the increasing maintenance costs associated with the asset as the years go by. A variant of the accelerated method is the production units method, which depreciates the asset according to the units of production each year.
b) Accumulated Depreciation on two plants on the reducing balance:
October, 2015 - March 2016 6 months (30% of 40,500 x 6/12) 6,075.00
April 1, 2016 to March 2017 12 months (30% of 34,425) = 10,327.50
April 1, 2017 to March 2018 12 months (30% of 24,097.5) = 7,229.25
April 1, 2018 to Dec. 2018 9 months (30% of 16,868.25 x 9/12) 3,795.35
Total 27,427.10
c) Depreciation Expense for March 31, 2019:
i) Depreciation on old plant (reduced balance):
Balance on asset = 375,000.00
Disposal = -40,500.00
Accumulated Depreciation = -130,072.90
Balance on asset = 204,427.10
30% on 204,427.10 = 61,328.13
ii) Depreciation on new plants:
30% of 52,500 x 3/12 = 3,937.50
i + ii = 65,265.63
d) One of the old plants had not yet been sold. So, nothing was realized from it so far. The GH₵4,500 that would be realisable from its sale had not yet happened and is not taken into account.
At what age did Henry Ford began his innovation?
Answer:
There is a prophetic story of how the 13-year-old Henry Ford got a pocket watch for his birthday, and then proceeded to take it apart. He simply wanted to know how it worked. Which kick started his career.
Explanation:
The functional areas of business ethies include
Answer:
Production, Marketing and employment.
Explanation:
Business ethics refers to the policies which govern how a business would operate. It is the moral behaviour upon which a business entity revolves.
The functional areas of business ethics are;
1. Production. Businesses must produce goods which is part of the reason of being in existence. The business ethics here are the rules and policies that governs production in an organization.
2. Marketing. Businesses would advertise the goods and services they deal in to the outside world. The business this here is the moral relationship between the business employees and the perspective customers.
3. Employment. The business ethics in employment is the policy that governs how people are employed in an organization.
Oscar is doing research for a report on workplace safety at construction sites. To conduct his research, he's using keywords on the website of the Occupational Safety and Health Administration (OSHA). Which keywords will help him find information that's relevant to his topic?
Answer:
Occupation Safety, Health issues, Safety, Hazards, etc
Explanation:
These are the words that are associated with the main subject of the research. This will enable Oscar to access the valuable information from the website. Furthermore, the references quoted in the research report of the organization data and in-text citations, help further to be more specific about the subject and access valuable reports.
Oscar is advised to search keywords such as occupation, safety, health, hazards to ensure that he finds the website of Occupational Safety and Health Administration.
What is a website?A set of web pages, which are accessible over the internet under a single domain name, is known as a website. Search engine optimization uses keywords to display the relevant sites, which may be helpful.
Hence, the significance of a website is aforementioned.
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A basic concept in economics is that al resources are?
Answer:
Limited
Explanation:
It is general believed that human wants are unlimited but the resources to satisfy them are limited.
Scarcity is a term in economics, which means that the resources available will not be enough to meet the unlimited human want hence resources must be allocated efficiently.
Some of the causes of scarcity are when demand is greater than what is being produced, when there are no enough suppliers to supply certain products. Etc
How do you get cheap airline tickets?
When dealing with a credit card, the amount of money you must pay each month is known as what?
Finance charge
Minimum payment
Principal
Annual percentage rate (APR)
Option B The minimum payment.
IN A DEPARTMENT STORE, SALESPEOPLE ARE REWARDED BASED ON THEIR SALES VOLUME. THE PROBLEM IS THAT THEY ARE GIVING SUBSTANTIAL DISCOUNTS AND PRESSURING CUSTOMERS TO MAKE UNNECESSARY PURCHASES What are the reasons for the negative consequences of these bonus schemes? Modify these schemes to solve the problems.
Answer:
This bonus scheme has two main problems:
consumer satisfaction will decrease because they are pressured to make unnecessary purchases and once they realize it they will not be happy with the store nor with their purchasing experience. This will damage the relationship between the store and its customers. since salespeople are offering substantial discounts in order to boost sales volume, then the profits of the company will decrease.In this situation both lose, the company and its customers.
In order to solve this issue, the store should award bonuses based on total revenue and gross profit margin, not volume. This way, the salespeople will try to sell their products at the normal price, which means that they will have to convince their customers through other strategies and not just low price. The sales technique will have to shift from low cost to differentiated product that can satisfy their customers' needs.
Based on the information given, the negative consequence of the bonus schemes is the reduction in profit.
It should be noted that a bonus scheme simply means an incentive scheme given to employees. It's used to boost the performance of the team.
It should be noted that the disadvantage of the bonus scheme is that it can lead to competition among the employees. Therefore, in this case, the bonus should not be based on volume of goods sold.
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Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Selected financial data for Spark Enterprises follows for a production level of 120,000 units: (4 points) Total fixed costs $300,000 Total costs (fixed and variable) $450,000 a.Calculate the variable cost per unit. B.If Flash Corporation makes 75,000 units, calculate the fixed cost per unit. C.If Flash Corporation makes 160,000 units, calculate the total variable costs. D.If Flash Corporation makes 180,000 units, calculate the total costs.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Total fixed costs= 300,000
Total costs= $450,000
Units= 120,000
A) Unitary variable cost= 150,000/120,000= $1.25
B) Units= 75,000
The fixed costs remain constant no matter how many units are made (between relevant ranges).
Total fixed costs= $300,000
C) UNits= 160,000
Total variable costs= 1.25*160,000= $200,000
D) Units= 180,000
Total fixed costs= 300,000
Total variable costs= 1.25*180,0000= 225,000
Total costs= $525,000
Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to the price of that gear according to the Law of Supply and Demand?
A) Price is going to go up
B) Price is going to go down
C) Price is going to stay the same
putting the law of demand and supply into consideration, price is going to go down
1. What is a limited liability company?
Answer:
A limited liability company is a legal entity created through state approval and treated as separate from its owners.It is said to have a legal identity of its own because it can sue and be sued.
Explanation:
Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting. cash received from customers $48,000 accounts receivable 12,000 cash paid for expenses 26,000 accounts payable (related to expenses) 3,000 prepaid rent for next period 7,000
Answer:
The answer is $22,000
Explanation:
Cash basis accounting is a method of recording accounting transactions/events for revenue only when cash is received from customers and expenses only when cash payments are done by the business entity to suppliers.
Net income = Cash received from customers $48,000 - cash paid for expenses 26,000
Net income = $22,000
reviewers are largely supportive of the increased push to have people pre order video games
A- true
B- false
Answer:
False
Explanation:
Reviewers resist the pre-order movement because it circumvents their role in the marketing process.
Hearing what the analyst and others have said about the company's current condition, what should your immediate priority be to start Tri-State on the right track?
Answer: Establishing a new performance standard.
Explanation: Performance standards are goals which are set about productivity and profitability. Performance standards usually starts by the setting of a certain performance expectations or goals which are to be achieved. Examples may include: Progress in an organisation is gauge when a certain landmark or progress linked to an individual goals and objectives are reached or obtained.
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Regina spends three hours each day working as an online customer service representative for a retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Regina participates in
Answer:
Home-based work
Explanation:
Home based work is a type of work in which the individual carry out their functions and responsibilities from the comfort of his/her home. The employee makes contact with the company through the phone or internet.
Home-based workers sell goods to the customers directly from the house. The advantages of working from home include:it gives the individual control over their schedule, it's creates time for personal growth, it reduces the unnecessary money spent on transportation, it gives the employee full control over their income.
Answer:
Home Based Work
Explanation:
Home-based work is the work that the person can perform at his own house or somewhere else where he desires but not at the company place of work. Suppose Regina is traveling to New York, after arriving at New York she can work on the assignment at the airport or at a hotel. So its dependent upon the person. The home based workers can mostly plan when to work on the assignment and when to not. So Regina is mostly free of the restrictions of the traditional work space and working from her house so she is a home based worker.
When attending a networking event, you should
Question 18 options:
meet one person and make sure they understand what your business is.
tell others about your bad experiences with various local businesses.
make sure you are selling and move on when your contact starts talking about her services.
focus on the problems you can solve rather than listing the products or service that you sell.
Answer:
focus on the problems you can solve rather than listing the products or service that you sell.
Explanation:
When networking at ana event, the a is to leave a good impression of you and your business in the minds of people you interact with.
A good way to keep people engaged is to proceed solutions to their problems. Once you show you can solve a nagging problem, you become an asset they seek out to help them.
In contrast when there is more focus on listing products you can offer. It will create impression that you are only trying to satisfy your needs.
what happens when ethanol is refluxed with acidified sodiumheptaoxodiochromate(4) solution for a long time
Answer:
1-butanol
Explanation:
What is Average cost
who is the king of pop?
Answer: Michael Joseph Jackson
Explanation: The greatest entertainer to ever live
Chevron's 52,000 employees work for thirteen major operating companies in 180 countries. Each national unit does business according to the needs of its market. Effective management of human resources in such a complex environment is an enormous task, and the key to success is reliable, accurate management information. Thus, Chevron developed an online human resources information system, which is a critical tool in managing its human resources. As expected, one of the broad goals of the human resources information system is to help management a. prepare specific job or position descriptions. b. develop a replacement chart. c. utilize human resources efficiently to meet organizational goals. d. send greetings to employees on their birthdays. e. write a job specification for the computer programmer.
Answer:
C
Explanation:
Human resources information system is defined as an information system that is used to collect analyze and process data to aid easy administration of the human resources function in an organization . It makes use of database and computer software and hardware for this purpose .
the overall aim is to utilize human resources efficiently to meet organizational goals
Last week Paul, CEO of Quality Furniture in South Carolina, traveled to Europe to visit customers. While overseas, Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Friday morning, Paul was able to return to the corporate office in South Carolina to meet with his board of directors that night. ________ is the "shrinking" of time and space with air travel and electronic media.
Answer:
the global village
Explanation:
Global village is a term used to describe how communication between parties that are far apart is done as a result of interconnectivity and advanced media technology.
An individual does not need to travel from New York for example for a meeting, rather meetings can now be done online.
In this scenario Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly.
He was able to work with his office and the customers he visited through the use of media.
This shrinking of time and space by use of media is referred to as the global village.
In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
When the productivity of the workers in a Firm increases what would happen to the demand for labour in that firm if the quantity demanded for the product does not change?
Answer:
The demand for labour would decrease because it will be costly for the business keeping the workers.
Explanation:
If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.
Help. business management
Answer: The break-even point is 66 units.
Explanation:
The break-even point can be found by dividing total fixed costs by the difference between selling price and variable cost.
(fixed cost) / (sale price - variable cost)
1980 / (50 - 20) = 66 units
Salt & Battery must sell 66 units of product before breaking even.
Select the correct answer.
Which marketing strategy is used during a product’s decline stage?
A.
the product’s price is increased to appeal to a niche market
B.
a new target market is created
C.
product costs are reduced and the product is sold to loyal customers
D.
advertising is increased to create brand loyalty
E.
production is increased to push sales