None of the given answer are correct, the finished goods inventory correct answer 106,942
The third and final category of inventory that manufacturing companies utilise for accounting purposes includes the items that are sold to customers. Completed goods are those that have concluded the manufacturing process or have been purchased fully finished but have not yet been given to clients. Finished goods that have been purchased are referred to as merchandise. An inventory of finished goods is the last step of inventories for items that have already completed the production process. Finished goods are a type of inventory that manufacturing businesses can only keep on hand. These products are those whose manufacturing is complete but which have not yet been distributed or sold to merchants or distributors.
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1. One Disadvantage of licensing as a mode of entry into foreign markets is that
A) It is uneconomical due to the high transportation costs. B) It can cause the firm to quickly lose control over its technology. C) It is the most costly method of serving a foreign market from a capital investment standpoint. D) It is very risky due to the threat of tariff barriers by the host-country goverment. E) It can lead to problems with local marketing agents.
One disadvantage of licensing as a mode of entry into foreign markets is that it can cause the firm to quickly lose control over its technology. So, option B is correct.
What is disadvantage of licensing?The disadvantage of licensing as a mode of entry into foreign markets is that it involves giving another company the right to use a firm's intellectual property, such as technology or patents, in exchange for royalties or other payments. This can result in a loss of control over the technology, as the licensee may not follow the licensor's standards or may not use the technology in the way the licensor intended. This can lead to the dilution of the brand or loss of competitive advantage, which can harm the licensor's business in the long run. Additionally, licensing may not provide sufficient protection for the intellectual property rights of the licensor, which can be a concern in some markets.
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Jay's Limo Services, Inc. paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services, Inc. make to record this transaction? A | Salaries Expense Accounts Payable B Cash Salaries Expense C. Salaries Expense 300 D. Salaries Payable Salaies Expense 300 E. Salaries Expense 300 Cash 4/104 Able Graphics received a $400 utlity bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction? A Utities Expense 400 Cash B. Utlities Expense C. Utliies Expense Accounts Payable D. Accounts Payable Ubilities Expense E | Utilties Payable Cash
A. Jay's Limo Services, Inc. will record this transaction as Cash 300 Salaries Expense. E. Able Graphics will record this transaction as Accounts Payable 400 Utilities Expense.
Journal entry for Jay's Limo Services, Inc. to record this transaction:The correct general journal entry that Jay's Limo Services, Inc. will make to record this transaction is:Cash Salaries Expense [$300].Explanation:To record this transaction, Jay's Limo Services, Inc. will make a cash payment of $300 to the employees. Since cash is being paid, the cash account will be debited for $300, and the Salaries Expense account will be credited for $300.
Journal entry for Able Graphics to record this transaction:The correct general journal entry that Able Graphics will make to record this transaction is:Utilities Expense [$400] Accounts Payable [$400].Able Graphics received a utility bill of $400 for the current month's electricity, which is not due until the end of the next month, which is when they intend to pay it.To record this transaction, Able Graphics will debit the Utilities Expense account for $400 and credit the Accounts Payable account for $400.
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Some researchers have found that working has special benefits for ______. (Select all that apply.)
inner-city adolescents
adolescents with poor school records
adolescents from single-parent families
Adolescents with poor school records and adolescents from single-parent families can both benefit from working. Working provides teens with important skills, such as time management and responsibility. It can also help teens build a strong work ethic, improve self-esteem, and create financial independence. Additionally, working can be a great way for teens to learn how to interact with adults in a professional setting, build a network of contacts, and explore potential career options.
For adolescents with poor school records, working can provide a way to stay engaged in a meaningful activity and feel productive, even when schoolwork is not successful. It also provides them with a sense of purpose and helps them stay motivated. Working can also give teens a chance to learn essential skills that they need in order to become successful adults. Additionally, it can help teens from single-parent families earn an income and build a financial cushion for college or other expenses.
Overall, working can have many positive benefits for adolescents with poor school records and adolescents from single-parent families. It provides them with an opportunity to learn important skills and build their confidence and self-esteem. Additionally, working can help them become financially independent and explore potential career options. Ultimately, working can be a great way for teens to gain experience and stay motivated, even if their academic success is not as expected.
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a company has 50,000 shares of $8 par stock outstanding and declares a stock dividend of 10%. the current market value of the stock is $10. what dollar amount will redistributed from retained earnings to the common stock account and the capital in excess of par account, respectively?
Amount equal to $70,000 will redistributed from retained earnings to the common stock account and the capital in excess of par account would be $8.
The total amount to be distributed as a stock dividend to the common stockholders is $50,000, calculated by multiplying the par value of the stock ($8) by the number of outstanding shares (50,000).
The amount to be credited to the capital in excess of par account is $20,000, calculated by multiplying the current market value of the stock ($10) by the number of outstanding shares (50,000).
Therefore, the total amount of $70,000 (i.e. $50,000 + $20,000) is to be transferred from retained earnings to the common stock and capital in excess of par accounts.
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what is a key requirement of a manager who supervises a group? innovative thinking decision-making skills ability to motivate others to accomplish goals active listening
The key requirement of a manager who supervises a group is (C) the ability to motivate others.
A manager's success is largely dependent on the success of their team, and the ability to inspire and motivate team members to work together towards a common goal is essential for achieving that success. Effective motivation involves understanding each team member's strengths, weaknesses, and motivational factors, providing the necessary resources and support to help them achieve their goals, and creating a positive work environment that fosters collaboration, creativity, and innovation.
Thus, option C is the correct answer choice.
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A real estate agent refuses to represent a paraplegic buyer, citing the difficulty in locating an appropriate house for her. He could be punished under all of the statutes, except the:
A. Fair housing act
B. Washington law against discrimination
C. Washington real estate license law
D. Americans with disabilities act
A real estate agent refusing to represent a paraplegic buyer citing the difficulty in locating an appropriate house is illegal under Americans with disabilities act. The correct option is D.
What is Americans with disabilities act?Providing disabled people with access to public facilities is the main goal of the Americans with Disabilities Act. According to the fair housing act and Washington's anti-discrimination statute, it is illegal to discriminate against a disabled individual who is searching for housing. A licensee is also in breach of the licensing statute if they violate any of these laws.
The correct option is D.
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Which of the following measures the difference between the private costs of regulations and the private benefits of those regulations for the producers of financial services?
Agency costs.
Net regulatory burden.
Liquidity risk.
Capital adequacy.
Charter value.
The measure that quantifies the disparity between the private costs of regulations and the private benefits of those regulations for the producers of financial services is called the net regulatory burden.
What is the Net Regulatory Burden?
The Net Regulatory Burden is the disparity between the private costs of regulations and the private benefits of those regulations for the producers of financial services. This metric is used to quantify the cost of regulating the financial services sector. The regulatory burden measures the expense incurred by the business in adhering to regulations that govern them. The net regulatory burden is the gap between these expenses and the benefits that are received by the business as a result of regulations.
Let us take a deeper look into some of the terms mentioned in the question:
Agency costs - It is the cost that arises when there is a conflict of interest between the management and the shareholders of the company. This results in the cost of the agency that shareholders bear to keep a check on the actions of the management.
Liquidity risk - It is the risk of security being impossible to sell without taking a considerable loss or a significant price decline due to the absence of buyers. This may happen when there is no immediate buyer for security, and it has to be sold at a lower price to make the transaction happen.
Capital adequacy - It is the measure of a bank's capacity to satisfy the capital needs mandated by regulators to ensure financial stability. It ensures that banks are able to withstand losses without becoming insolvent.
Charter value - The estimated price of a company's assets, that would be obtainable in the event that it declared bankruptcy and sold all of its assets separately.
Hence, the right answer is the net regulatory burden.
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When people seek information to support their point of view and discount data that do not, they are subject to bias. a. confirmationb. overconfidence c, blindd. framing e. representativeness
When people seek information to support their point of view and discount data that do not, they are subject to bias. The answer to this question is confirmation bias. The answer is option a.
What is confirmation bias?Confirmation bias is the phenomenon of ignoring or rejecting information that does not support one's beliefs, and seeking information that confirms one's existing beliefs. It is a form of cognitive bias that is prevalent in various areas of life, including politics, religion, and science. Confirmation bias can lead to false beliefs, limited perspectives, and the inability to consider alternative viewpoints or information.
Therefore, it is important to be aware of confirmation bias and strive to remain objective and open-minded when seeking information or evaluating evidence.
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which of the following is true of internal alignment? group of answer choices it addresses pay relationships inside an organization. it is the first issue in a strategic approach to pay. it focuses on customer satisfaction and business growth. it is often referred to as distributive justice.
Internal alignment is the statement that is true among the given options. Internal alignment addresses pay relationships inside an organization.
What is internal alignment?Internal alignment refers to the process of managing and evaluating pay for work within an organization. Internal alignment ensures that the pay scale is equal to the work's value to the organization. It addresses pay relationships inside an organization, which means that how much a job is worth within an organization determines what an employee will receive in pay.
Internal alignment is the first issue in a strategic approach to pay. This means that if an organization wants to make strategic pay decisions, it must first create internal alignment. The key to internal alignment is a sound compensation plan. Distributive justice refers to how an organization distributes resources, including pay. Thus, it is not accurate to say that internal alignment is often referred to as distributive justice.
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probability proportional to size selection is used with ______ . multiple choice question. a) both monetary unit and classical b) variables sampling classical c)variables sampling only monetary d) unit sampling only
The probability proportional to size selection is used with variables sampling only monetary.
What is probability proportional to size (PPS)? Probability proportional to size (PPS) is a method of sampling. In this technique, a weighted selection procedure is used. In other words, the probability of selecting an item is proportional to its size.
How do we use the probability proportional to size method of sampling? We use the probability proportional to size method of sampling to ensure that each item in a population has an equal chance of being selected. The probability of choosing an item is determined by its size or value.
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if exports and imports: group of answer choices are imbalanced, then a trade surplus exists. are imbalanced, then a trade deficit exits. are equal, then trade is balanced. are equal, then the economy is unhealthy.
Answer:
The correct answer is "if exports and imports are imbalanced, then a trade deficit exists." A trade deficit occurs when a country imports more goods than it exports. This causes the country to have an imbalance in exports and imports, leading to an economic deficit.
Explanation
What is a Trade Deficit?
A trade deficit, on the other hand, occurs when a country's imports exceed its exports. As a result, it implies that the country is purchasing more goods from other countries than it is selling to them, resulting in a net outflow of foreign currency. A trade deficit is usually considered to be a negative indicator since it might result in a decline in a country's currency as well as an increase in the nation's overall debt. It could be caused by a decline in productivity or a lack of competitiveness in the economy.
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if two nations specialize according to the law of comparative advantage and then trade with each other, which of the following would be true?a.) nations would be better off if they were self-sufficientb.) if one nation gains from trade with the other nation, then the other nation will losec.) both nations can consume beyond their individual production possibilitiesd.) both nations can consume only what they producee.) both nations will lose from trade
The statement "both nations can consume beyond their individual production possibilities" is true when two nations specialize according to the law of comparative advantage and then trade with each other. option C is the correct answer.
According to the law of comparative advantage, two nations specialize in the production of goods and services that they can produce at the lowest opportunity cost. They can then trade with each other to maximize their total output and consumption.The statement "both nations can consume beyond their individual production possibilities" is true in this case because they can consume goods and services that they do not produce.
By specializing and trading, they can produce more of the goods that they are efficient at producing and import the goods that they are less efficient at producing. This allows them to consume more goods and services than they would be able to if they were self-sufficient. Thus, option C is the correct answer.
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Related to Application: Oil Supply Disruptions, Speculation and Supply ShocksLOADING...Consider an economy with a negatively sloped demand curve and a positively sloped supply curve. Suppose the economy is experiencing a negative supply shock such as an increase in the price of oil.Such a negative supply shock will shift the short-run▼aggregate demandaggregate supplycurve to the left.As a result of the negative supply shock, short-run output▼decreasesincreasesand the price level▼increasesdecreases
Oil Supply Disruptions, Speculation and Supply Shocks. In an economy with a negatively sloped demand curve and a positively sloped supply curve, a negative supply shock such as an increase in the price of oil will shift the short-run aggregate supply curve to the left.
What is negative supply shock?The negative supply shock reduces short-run output and increases the price level. Hence, the short-run output decreases and the price level increases as a result of the negative supply shock. In general, the negative oil supply shock is triggered by oil supply disruptions, which result in a decrease in oil supply.
When a negative oil supply shock occurs, the economy experiences an increase in oil prices, which increases the cost of production for producers who use oil as a raw material. In response to higher production costs, producers respond by decreasing the supply of their goods and services.
This creates a leftward shift in the short-run aggregate supply curve. This leftward shift in the short-run aggregate supply curve reduces short-run output and increases the price level. When output decreases, the economy experiences a recessionary gap.
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any constituent who has a claim in some aspect of a company's products, operations, markets, industry, or outcomes is known as what? question 21 options: a) manager b) shareholder c) partner d) customer e) stakeholder
A stakeholder is any constituent who has a claim in some aspect of a company's products, operations, markets, industry, or outcomes. Option E is the correct answer.
A stakeholder is someone who has an interest or claim in some aspect of the company's goods, operations, markets, industry, or outcomes. Shareholders, customers, clients, employees, suppliers, communities, and governments are all examples of stakeholders.
The term "stakeholder" refers to someone or something that has an interest in the company or its goods. Stakeholders are also affected by the firm and have an impact on its success.
As a result, an individual or entity with a stake in the company or its operations is known as a stakeholder. Stakeholders can have a significant impact on a company's strategic decisions and, as a result, must be kept informed about key company developments.
The constituent who has a claim in some aspect of a company's products, operations, markets, industry, or outcomes is known as a stakeholder.
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If the project manager changes an activity on the critical path to start at a later date, then the whole project will end at a later date. a. True b. False.
In the following question, among the given options, the statement is said to be true, If the project manager changes an activity on the critical path to start at a later date, then the whole project will end at a later date.
it is true that if the project manager changes an activity on the critical path to start at a later date, then the whole project will end at a later date.
This is a factual statement. A critical path is the longest time frame that all necessary tasks must be completed before the project can be considered finished, while all of the tasks on that path are critical tasks. When the project manager changes an activity on the critical path to start at a later date, it will inevitably delay the project's completion date.
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Your company is planning a major deployment on AWS. While the design and testing stages are still in progress, which of the following plans will provide the best blend of support and cost savings?
A) basic
B) developer
C) business
D) enterprise
Your company is planning a major deployment on AWS. While the design and testing stages are still in progress, the "Developer" plan will provide the best blend of support and cost savings. The correct option is B.
What is Amazon Web Services?AWS (Amazon Web Services) is a cloud-based computing platform that offers a wide range of services. Amazon Web Services (AWS) provides on-demand cloud computing platforms and APIs to businesses, organizations, and individuals, allowing them to access and use virtual computers and other resources on the internet.
AWS is a collection of remote computing services, often referred to as a cloud computing platform. AWS offers a broad range of cloud-based storage, computing, and networking services that businesses can use to grow and innovate.
The developer plan includes a range of AWS features, including free resources and access to essential APIs, making it ideal for businesses looking to develop and test applications at a lower cost. The best blend of support and cost savings is provided by the "Developer" plan.
Therefore, the correct option is B.
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Dorothy visits a lawyer and walks out with advice about how to prepare her will. While she walks out of the meeting without anything in hand, she is pleased with what she learned. This is an example of a product that is _____.
"Dorothy visits a lawyer and walks out with advice about how to prepare her will. While she walks out of the meeting without anything in hand, she is pleased with what she learned. This is an example of a product that is intangible."
In the given scenario, Dorothy visits a lawyer and receives advice on how to prepare her will. The advice provided by the lawyer is an intangible product since it cannot be touched, felt or seen. Although Dorothy does not walk out of the meeting with a physical item, she is satisfied with the knowledge gained from the lawyer.
Intangible products are those that cannot be physically held, but they still provide value to the consumer. Examples of intangible products include services, ideas, experiences, and knowledge. In this case, the lawyer's advice is a service that provides Dorothy with knowledge and guidance on how to prepare her will, which is a valuable intangible product for her.
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which of the following is a reason why vertical integration may lead to negative synergies? (a) it is often expensive; (b) the resources it uses cannot be used for the core business; (c) there are significant ownership costs involved in the management, monitoring, and evaluation of operations that are totally new to the firm.
There are significant ownership costs involved in the management, monitoring, and evaluation of operations that are totally new to the firm. (C)
Vertical integration can be a great way to diversify a company's activities, but it can also be costly. When a company takes on operations that are totally new to them, there can be a lot of ownership costs involved in managing, monitoring, and evaluating these new operations. (C)
These costs can outweigh any synergies the new operation may bring, leading to negative synergies. Additionally, the resources used for the new operations cannot be used for the company's core business, further increasing costs and reducing potential returns.
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what are the two factors used to classify social networks for marketers?
Audience , Functionality are the two factors used to classify social networks for marketers.
The two factors used to classify social networks for marketers are audience and functionality.
Audience: This refers to the demographic or psychographic characteristics of the users of a social network. Marketers can use this information to target specific groups of people based on factors such as age, gender, location, interests, and behavior.
Functionality: This refers to the features and tools available on a social network that can be used for marketing purposes. Different social networks have different functionality, and some may be more suitable for certain marketing strategies than others.
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If a checking account begins the month with a balance of $35.00 and over the month has debits of $150.00 and credits of $175.00, the balance at the end of the month is ____. a. $10.00
b. $25.00
c. $60.00
d. -$290.00
If a checking account begins the month with a balance of $35.00 and over the month has debits of $150.00 and credits of $175.00, the balance at the end of the month is c. $25.00.
The balance at the end of the month can be determined by subtracting the total debits from the total credits and adding the outcome to the opening balance. Thus, by subtracting $150 from $175 and adding it to $35, the balance at the end of the month is $60.00: $35.00 (opening balance) - $150.00 (debits) + $175.00 (credits) = $60.00.
In conclusion, the correct answer is c. $60.00.
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Jim sees himself as being confident, powerful, and heroic. According to the Brandasset Valuator Archetypes developed by ad agency Young & Rubicam, Jim would be classified as a ________.A) Patriarch
B) Sage
C) Troubadour
D) Warrior
"Jim sees himself as being confident, powerful, and heroic. According to the Brandasset Valuator Archetypes developed by ad agency Young & Rubicam, Jim would be classified as a warrior." Thus, Option D is correct,
The Brandasset Valuator Archetypes developed by Young & Rubicam categorizes individuals based on their personality traits and attributes. In this case, Jim is classified as a warrior, which implies that he is seen as confident, powerful, and heroic. The warrior archetype is typically associated with bravery, strength, and determination, making Jim a natural leader who is unafraid to take risks and face challenges.
Brands and advertisements that want to appeal to consumers with similar traits often use the warrior archetype in their messaging, highlighting concepts such as strength, courage, and success. Ultimately, by identifying Jim as a warrior, his characteristics can be leveraged to create a targeted marketing strategy.
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the open purchase order file in the purchasing department is used to determine a. the orders that have not been received b. the quantity of items received c. the best vendor for a specific item d. the quality of items a vendor ships
The open purchase order file in the purchasing department is used to determine the orders that have not been received. Therefore, option (a) is the correct answer.
What is an open purchase order file?An open purchase order file is a document that allows businesses to keep track of orders that have not yet been completed or received. This document provides information about purchases that have been made but have not yet been fulfilled by vendors. The open purchase order file in the purchasing department is used to determine the orders that have not been received.
The open purchase order file has several advantages for businesses. Some of them are as follows:
It enables businesses to maintain a clear and accurate record of all outstanding purchase orders.It ensures that orders are placed, processed, and fulfilled in a timely and efficient manner.It helps businesses to identify any issues or discrepancies with suppliers before they become major problems.It provides businesses with a detailed history of all transactions related to their purchasing process.It enables businesses to make informed decisions about which vendors to work with based on their performance and reliability.Learn more about purchasing department at
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kamal works in a restaurant as a runner. most nights he is busy, but on slow evenings, he finds himself bored and disengaged. as a result his manager suggests he add extra tasks to his role, like collecting glasses from tables or serving as sous chef for the night. this relates to which dimension of the job characteristics model?
Kamal works in a restaurant as a runner. Most nights he is busy, but on slow evenings, he finds himself bored and disengaged. As a result, his manager suggests he add extra tasks to his role. This relates to the skill variety dimension of the job characteristics model.
The Job Characteristics Model (JCM) is a work design theory that aims to enhance work motivation and productivity by increasing employees' psychological states that contribute to performance. The model emphasizes five fundamental dimensions of work that influence employees' motivation, satisfaction, and performance.
Skill variety is the degree to which the work necessitates different skills and talents to accomplish, implying that employees can perform a variety of tasks rather than merely concentrating on a limited, routine job. It refers to the assortment of tasks performed in a job that requires the use of a variety of skills and abilities.
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Industrializing societies typically undergo a process of _________________, in which large portions of the population move from less populated areas to cities in search of work.
Industrializing societies typically undergo a process of urbanization, in which large portions of the population move from less populated areas to cities in search of work.
What is urbanization?Urbanization is the process of increasing the number of people who live in urban areas. Urbanization refers to the process by which towns and cities expand in terms of population and land usage when compared to the surrounding rural areas.
It is a process in which an increasing number of people live in urban regions due to industrialization or modernization. It is a population migration from rural areas to urban areas that typically occurs in industrializing societies.
The factors that contribute to urbanization include:
Employment and Economic Opportunities Improved Healthcare Services Improved Standard of Living and Quality of Life Improved Educational Opportunities and ResourcesImproved Infrastructure Services and Transport FacilitiesUrban amenities and recreational OpportunitiesLearn more about urbanization at
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the type of e-commerce transactions that involve the selling of goods and services between businesses is vendor-to-vendor (v2v) e-commerce.
The given statement "the type of e-commerce transactions that involve the selling of goods and services between businesses is vendor-to-vendor (V2V) e-commerce" is false becasue the type of organization is known as business-to-business (B2B) e-commerce.
The type of e-commerce transactions that involve the selling of goods and services between businesses is actually referred to as business-to-business (B2B) e-commerce. V2V e-commerce typically refers to transactions between vendors or suppliers rather than between businesses in general. In B2B e-commerce, businesses can purchase goods or services from other businesses online, which can streamline the procurement process and lead to cost savings.
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Which of the following front office applications of a computer-based property management system eliminates the need for guest folio cards and posting machines?
A)reservations module
B)point-of-sale module
C)a guest accounting module
D)rooms management module
The front office applications of a computer-based property management system that eliminates the need for guest folio cards and posting machines are a guest accounting module. Thus option c is correct.
A computer-based property management system (PMS) is a software program that streamlines the processes and operations of hotels, resorts, and other related businesses.
The front office application of a computer-based property management system eliminates the need for guest folio cards and posting machines, and the guest accounting module is one of the front office applications.
A guest accounting module provides various types of information, such as room and tax charges, deposits, payments, and account balances, to the hotel staff.
The module allows front office staff to view and manage guest folios electronically, updating them in real time and reducing the potential for errors or inaccuracies.
As a result, there is no need for folio cards or posting machines since the hotel management system can maintain all of this information. Thus, option c is correct.
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In the workplace, leaders at every level and in every department are important if the company is going to succeed.
True
False
(THIS IS CAREER EXPLORATION!!!)
True
Explanation:
the best answer is True
The Martins' household income is $123,000 per year. However, this family estimates that they have $45,000 available to spend on nonessentials such as vacations and entertainment. The $45,000 represents the Martins' _____.
The Martins' household income is $123,000 per year. However, this family estimates that they have $45,000 available to spend on nonessentials such as vacations and entertainment. The $45,000 represents the Martins' disposable income.
What is Disposable Income?
Disposable income is the income left after taxes are deducted. Disposable income is an individual's income that is left after taxes and other mandatory charges are deducted from it. This is the income that can be used for non-essential purposes such as vacations, entertainment, and savings.
What is Essential Income?
Essential income is the sum of money necessary for an individual or family to live comfortably. These expenses must be paid on a regular basis and are required to maintain a reasonable standard of living. Rent, utilities, groceries, transportation, and other expenses are among the essential expenses.The Martins have an annual income of $123,000, which is the total amount they earn each year. The $45,000 available to them for non-essentials represents their disposable income. As a result, they will be able to spend up to $45,000 on things like vacations and entertainment without sacrificing their standard of living by cutting back on essential expenses.The difference between disposable income and essential income is that essential income is the minimum amount required to survive, while disposable income is the amount available for non-essential expenses. In other words, the disposable income is the difference between the total income and the essential expenses. The disposable income can be used to enhance the quality of life by spending on things that are not essential for survival, such as vacations, entertainment, and savings.
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to pay for her college education, gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. how much will gina have in that account at the end of 8th year?
To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. Gina will have $27,551.31 in that account at the end of the 8th year.
What is interest?Interest is the money earned on the principal amount of a deposit or loan. It's calculated as a percentage of the principal amount, and it's calculated over a specific period of time.
The formula for calculating future value of annuity due is as follows:
[tex]FV = PMT * ((((1 + i)^n)-1)/i) * (1+i)[/tex]
where
FV is the future value of the investment
PMT is the equal amount after an equal interval of the investment
i is the interest rate
n is the number of times the investment is compounded per year
Here,
Present value, PMT = $2,000
Number of years, n = 8
Interest rate, i = 12%
[tex]Future value, FV = $2,000 * ((((1 + 0.12)^8)-1)/0.12) *(1+0.12)\\= $2,000 * 13.7757 \\= $27,551.31[/tex]
Hence, Gina will have $27,551.31 in that account at the end of the 8th year.
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value: 10.00 points PA 3-8 Consider a four-step serial proces. Consider a four-step serial process with processing times given in the list below. There is one machine at each step of the process, and this is a machine-paced process Stet 1: 15 minutes per unit Step 2: 23 minutes per unit Step 3: 23 minutes per unit Step 4: 27 minutes per unit Assuming that the process starts out empty, how long will it take (in hours) to complete a batch of 123 units? (Do not round intermediate calculations. Round your answer to nearest hour) hours References eBook & Resources 吕0,3 F1 F2
It will take approximately 179 hours to complete a batch of 123 units.
Given the following data:
Step 1: 15 minutes per unit
Step 2: 23 minutes per unit
Step 3: 23 minutes per unit
Step 4: 27 minutes per unit
We need to find out how long it will take to complete a batch of 123 units. To calculate this, we need to use the formula:
T = (n x a) + (n - 1) x s
where,
T = time required to produce n units
a = processing time per unit
n = number of units to be produced
s = setup time in the process
n-1 = the number of setup times between the production of the first and last unit
Now let's calculate the time required to produce one unit for each step:
T1 = 15 minutes
T2 = 23 minutes
T3 = 23 minutes
T4 = 27 minutes
Using the above formula, we can calculate the total time it will take to complete the batch of 123 units:
T = (123 x 15) + (123 - 1) x (23 + 23 + 27)
T = (123 x 15) + (123 - 1) x 73
T = 1845 + 8880
T = 10725 minutes
To convert minutes to hours, we divide by 60:
10725 ÷ 60 = 178.75
Therefore, it will take approximately 179 hours to complete a batch of 123 units. (Rounded to the nearest hour).
Thus, the correct option is (C) 179 hours.
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