Jan is employed by an insurance company.
She reviews applications to determine whether her company should insure the applicant. If insurable, Jan assigns the applicant to a rating category based on the applicant's degree of risk. Jan is a(n):Underwriter.An underwriter is a specialist who evaluates and assesses risk, such as for insurance purposes.
They assess the risks involved in insuring individuals or companies and establish the insurance policies and premiums required to cover those risks, as well as calculate the value of the claims that should be compensated in the event of a loss.
The aim of the underwriting process is to evaluate the level of risk involved in a given application so that the insurance company can decide whether or not to accept it, and at what cost. Underwriters must balance the amount of risk they take on with the profits they earn from premiums.
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An investor has exchange-traded put options to sell 100 shares for $20. There is a 2-for-1 stock split. Which of the following is the position of the investor after the stock split?
A. Put options to sell 200 shares for $10
B. Put options to sell 100 shares for $10
C. Put options to sell 100 shares for $20
D. Put options to sell 200 shares for $20
B Put options to sell 100 shares for $10. After a 2-for-1 stock split, the investor’s put option to sell 100 shares for $20 is now worth the same as a put option to sell 200 shares for $10.
Put options are a sort of contract between an option's seller and the person who buys the option (the option holder).
This option gives the option holder the right, but not the obligation, to sell a predetermined number of shares of the underlying asset at a specific price (the strike price) by a certain date (the expiration date).
An investor has exchange-traded put options to sell 100 shares for $20. After the stock split, the investor will still have the put options but will have the right to sell 100 shares at a lower price.
So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.
The price per share of the company has decreased as a result of the 2-for-1 stock split.
Therefore, the put option to sell 100 shares would have been adjusted to reflect the stock split.
So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.The correct option is B. Put options to sell 100 shares for $10.
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yallow, inc. manufactures teddy bears and dolls. currently, yallow makes 2,000 teddy bears each month. each teddy bear uses $2.00 in direct materials and $0.50 in direct labor. yallow uses two activities in manufacturing the teddy bears: sewing and processing. the cost associated with sewing is $15,000 a month, allocated on the basis of direct labor hours. the cost associated with processing is $10,000 a month, allocated on the basis of batches. the activity drivers are used as follows:
Teddy Bears Dolls
Direct labor hours 100 200
Batshes 4 6 What is the total manufacturing cost for one teddy bear?
A. $2.50 B. $4.50 C. $7.00 D. $25,002.50
The total manufacturing cost for one teddy bear is C. $7.00.
Production costs are the capital or funds that a business must expend to produce a product or service. The cost of goods manufactured or cost of goods sold calculation serves as a reference for the company later before the selling price is determined.
This is calculated by adding the costs for direct materials ($2.00) and direct labor ($0.50) to the amount of cost allocated to the teddy bear from both the sewing ($15,000/100 = $150/teddy bear) and processing ($10,000/4 = $2,500/teddy bear) activities.
Therefore, the total cost is $2.00 + $0.50 + $150 + $2,500 = $7.00.
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what can be the advantage of currency overvaluation? group of answer choices keep inflation under control enlarge trade surplus increase import price none of the above
The advantage of currency overvaluation is that it can help to keep inflation under control. Therefore, the correct option is 1.
Currency overvaluation refers to the situation where the value of a currency is higher than the market's perceived value, which is usually determined by economic fundamentals. The term is often used in relation to exchange rates, and it refers to a situation where a country's currency is worth more than it should be, based on factors such as interest rates, inflation, and other economic indicators.
In the short term, currency overvaluation can have certain benefits such as helping to keep inflation under control. This is because a higher value of the currency means that the same amount of goods costs more, which makes imports more expensive, resulting in a decrease in demand. This, in turn, reduces the price of goods and services, which helps to keep inflation in check.
Hence, an advantage of currency overvaluation from the given option is that it keep inflation under control. Hence, the first option is correct.
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Median Voter Theorem Is Accepted By All Political Scientists, And It Has No Limitations. A. True B. False
The median voter theorem is an important concept in political science that is used to explain how political candidates can maximize their chances of winning an election. However, despite its widespread use, there are some limitations to this theory that should be taken into account when analyzing the results of an election.
The median voter theorem is based on the idea that voters will typically vote for the candidate who is closest to their own political beliefs. This means that political candidates must position themselves in the center of the political spectrum in order to attract the largest number of voters.
However, there are some limitations to this theory that must be taken into account. For example, the median voter theorem assumes that voters have clear and consistent political beliefs, and that these beliefs are distributed evenly across the political spectrum.
However, in reality, voters often have complex and nuanced political beliefs that may not fit neatly into a simple left-right spectrum. Additionally, the median voter theorem assumes that all voters will participate in the election, which is not always the case.
Overall, while the median voter theorem is a useful concept for analyzing elections, it is important to remember its limitations and to use it in conjunction with other theories and models.
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Which of the following techniques relating to post-decision dissonance could a clothing store use to increase customer satisfaction? a. Cut all prices in half. b. Ask customers to make a radio ad saying how great the store is. c. Charge a membership fee to shop at the store. d. Make all sales final.
What is post-decision dissonance?
Post-decision dissonance is a psychological phenomenon in which a person feels nervousness or regret after making a significant decision. Clothing stores can take advantage of this phenomenon to increase customer satisfaction by utilizing the technique of making all sales final.
Making all sales final makes the customer feel more confident about their decision. This is because when the customer is aware that the sale is final, they will be more thoughtful and considerate when selecting clothing to purchase. In addition, knowing that the sale is final makes the customer feel more assured that they made the right decision. This technique can help the store increase customer satisfaction and reduce the possibility of returns.
Option D: Making all sales final is the technique relating to post-decision dissonance that a clothing store can use to increase customer satisfaction.
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A decision maker is considering evaluation criteria in the selection of a new fetal monitoring machine. She is evaluating the following factors:Ease of Use Compatibility with EHR Vendor Investment in ResearchShe has determined that compatibility with the EHR is four times as important as vendor investment in research, and that ease of use is threetimes as important as compatibility. What are the relative (normalized) weights of the three attributes? Start by assigning a weight of 10 to vendor investment in research. Compute weights to two decimal placesA. Vendor Investment = 0.06 Compatibility = 0.24 Ease of Use = 0.71 B. Vendor Investment = 0.10 Compatibility = 0.40 Ease of Use = 0.12 C. Vendor Investment = 0.08 Compatibility = 0.23 Ease of Use = 0.69 D.Vendor Investment = 0.13 Compatibility = 0.38 Ease of Use = 0.50
The relative weights of the three attributes are: Vendor Investment = 0.06, Compatibility = 0.24, Ease of Use = 0.71. Thus, Option A is correct.
To calculate these weights, we first assign a weight of 10 to vendor investment in research. Then we use the decision maker's weights to determine the relative importance of the other two factors.
Compatibility with EHR is four times as important as vendor investment in research, so its weight is:
= 4 * 10 / (4 * 10 + 2 * 10 + 1) = 0.24Ease of use is two times as important as compatibility, so its weight is:
= 2 * 10 / (4 * 10 + 2 * 10 + 1) = 0.71Note that the sum of these weights equals 1, as expected for normalized weights.
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what standards are applicable for a compilation of the historical financial statements of a nonissuer? statements on standards for accounting and review services (ssarss). generally accepted auditing standards (gaas). statements on standards for attestation engagements (ssaes). statements on auditing standards (sass).
The standards that are applicable for a compilation of the historical financial statements of a nonissuer are Statements on Standards for Accounting and Review Services (SSARSs). Therefore, the first option is the correct answer.
The Statements on Standards for Accounting and Review Services (SSARSs) is a set of professional standards issued by the American Institute of Certified Public Accountants (AICPA) that provide guidance on the preparation and issuance of financial statement compilations and reviews for nonpublic entities.
The SSARSs have three levels: preparation, compilation, and review. A compilation is when an accountant assists in the preparation of financial statements but does not offer an opinion or assurance on their accuracy or conformity with accounting principles. Reviews provide limited assurance that no material changes are needed to the financial statements.
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assume a marketing campaign targets the market of consumers who have already purchased their product. which market segment is the company targeting?
The company is targeting the existing customer segment, which consists of consumers who have already purchased their product. To target this segment, the company should focus on providing ongoing customer service, offering additional products and services, and offering rewards and incentives to customers who continue to purchase the product.
This segment is often referred to as the "loyal customer" segment. By focusing on this segment, the company can ensure that they maintain their existing customer base while also providing an incentive for customers to continue to buy the product.
It is important to note that the marketing strategies used to target this segment will be different than those used to target new customers. For example, loyalty programs, customer service initiatives, and personalized experiences are all strategies that can be used to target existing customers. Additionally, the company should focus on maintaining relationships with these customers through targeted communication and outreach activities. Ultimately, a successful marketing campaign should be tailored to the existing customer segment in order to maximize its effectiveness.
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suppose the economy is operating at its full-employment-noninflationary gdp and the mpc is 0.75. the federal government now finds that it must increase spending on military goods by $21 billion in response to a deterioration in the international political situation. to sustain full-employment-noninflationary gdp, the government must: suppose the economy is operating at its full-employment-noninflationary gdp and the mpc is 0.75. the federal government now finds that it must increase spending on military goods by $21 billion in response to a deterioration in the international political situation. to sustain full-employment-noninflationary gdp, the government must: increase taxes by $28 billion. increase taxes by $21 billion. reduce taxes by $28 billion. reduce transfer payments by $21 billion.
The correct option is to increase taxes by $28 billion. Given information: The economy is operating at full employment and a noninflationary GDP. MPC is 0.75.
The federal government now finds that it must increase spending on military goods by $21 billion in response to a deterioration in the international political situation. The government must increase taxes by $28 billion to sustain a full-employment, noninflationary GDP.
How to sustain full employment and noninflationary GDP when the economy is operating at its maximum potential output The full-employment, noninflationary GDP level indicates the level of GDP at full employment, which is equal to the potential output of the economy. When the economy operates at this level, the demand for goods and services matches the potential output of the economy, and unemployment is equal to the natural rate of unemployment. In this situation, the production level is optimal and the price level is stable.
To sustain full employment and noninflationary GDP when the economy is operating at full capacity, the government must balance its budget. The government must increase taxes to counteract the increased government spending on military goods by $21 billion. The increase in tax revenues would compensate for the government's increased expenditure and help stabilize the economy.
Thus, the government must increase taxes by $28 billion to sustain a full-employment-noninflationary GDP.
Therefore, the correct option is to increase taxes by $28 billion.
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Place the steps of the marketing research approach in the correct order. NOTE: The first step should be the top item in your list.1. Define the problem2. Develop the research plan3. Collect relevant information4. Develop findings5. Take marketing actions
The first step of the marketing research is "Define the problem", I will show you the next steps.
What is the marketing research?Marketing research is the process of gathering information to help companies make informed business decisions. This data aids businesses in identifying and analyzing market trends and consumer behavior, allowing them to build more effective marketing strategies.
The steps of the marketing research approach are listed below:
Step 1: Define the problem: involves identifying the issue or opportunity that requires marketing research. This step necessitates a clear understanding of the research problem, including its scope, objectives, and criteria for success. It entails being as precise as possible, as it will determine the rest of the marketing research process.Step 2: Develop the research plan: must be to establish a research plan. This includes determining what data needs to be collected, how it will be collected, and who will collect it. It's also essential to establish the sampling strategy, which determines the number of people who will be surveyed or interviewed as part of the study.Step 3: Collect relevant information: data is gathered through a variety of research methods, including surveys, interviews, focus groups, and observational studies. Data should be gathered from a representative sample of people who meet the study's criteria to ensure that the results are reliable and valid.Step 4: Develop findings: in this step must be analyze the data and draw conclusions. The collected data is evaluated using statistical analysis methods, and the findings are presented in a way that is understandable and actionable.Step 5: Take marketing actions: finally, marketing actions should be taken based on the findings. These may include developing new products or services, launching new marketing campaigns, or altering existing strategies. The objective is to make informed decisions that will result in improved business performance.Another question about marketing research in https://brainly.com/question/12371177
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after a financial crisis hits the country of barbaria, 10 million people become unemployed. if 65 million individuals are lucky enough to keep their jobs, what is the unemployment rate? please specify your answer to two decimal places.
The unemployment rate in Barbaria is 13.75% (13.75).
This is calculated by dividing the number of unemployed individuals (10 million) by the total number of people in the labor force (65 million). This would give you 0.15384615, which can be multiplied by 100 to get the percentage (13.75).
The unemployment rate measures the percentage of people in the labor force who do not have jobs. The labor force is defined as the number of people either employed or actively seeking employment.
In the case of Barbaria, 10 million individuals have lost their jobs in the financial crisis, while the remaining 65 million have been able to retain their jobs.
By dividing the number of unemployed people by the total number of people in the labor force, you get 0.15384615. Multiplying this by 100 yields 13.75%, which is the unemployment rate for Barbaria.
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1.Which of the following is used to store information about disk partitions?a.ReFS b.EFS c. MFT d.MBR
The option that is used to store information about disk partitions is MBR (Master Boot Record).
What is a disk partition? A disk partition is a section of a disk that has been divided into separate storage regions. In general, partitions are sections of the hard drive that act as separate storage units. Every partition on a hard drive functions as though it were a distinct hard drive. In general, disk partitions provide more efficient file management and retrieval. The disk partition table stores the required information on disk partitions. MBR, also known as Master Boot Record, is a form of boot sector that is stored at the start of a partitioned hard drive. MBR is the first 512 bytes of the first hard disk (or any other storage device, such as a floppy disk or USB drive) that contains information about how the partitioned hard drive is structured.
A few points about MBR:
It is a master boot sector that is located in the first sector of a hard disk. The MBR contains information about the number and size of disk partitions. A disk signature (unique to each disk) is included in the MBR information. The Master Boot Record (MBR) is used to store information about disk partitions.To learn more about “disk partition” refer to the https://brainly.com/question/28282947
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Which of the following is LEAST likely to build collective identification and mutual trust among team members? A. use more rewards that are contingent on individual performance B. emphasize common interests and shared objectives C. encourage and facilitate social interaction among members D. use ceremonies and rituals to emphasize shared values and achievements
The option that is LEAST likely to build collective identification and mutual trust among team members is to A) use more rewards that are contingent on individual performance.
What are the strategies to build collective identification and mutual trust among team members?To build collective identification and mutual trust among team members, the following strategies are utilized:
Encouraging and facilitating social interaction among Members Emphasizing common interests and shared objectivesUsing ceremonies and rituals to emphasize shared values and achievementsThe strategies mentioned above are proven to build collective identification and mutual trust among team members by promoting interactions among team members and encouraging them to work together to achieve common goals.
However, rewards that are contingent on individual performance are not likely to build collective identification and mutual trust among team members. This strategy, rather than promoting teamwork and cooperation, may lead to competition and conflict among team members. Therefore, the option that is LEAST likely to build collective identification and mutual trust among team members is to use more rewards that are contingent on individual performance.
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The cost of capital for two mutually exclusive projects that are being considered is 8%. Project K has an IRR of 20% while Project R's IRR is 15%. The projects have the same NPV at the 8% current cost of capital. However, you believe that money costs and thus your cost of capital will also increase. You also think that the projects will not be funded until the cost of capital has increased, and their cash flows will not be affected by the change in economic conditions. Under these conditions, which of the following statements is CORRECT?
a. You should recommend Project R, because at the new cost of capital it will have the higher NPV. b. You should delay a decision until you have more information on the projects, even if this means that a competitor might come in and capture this market. c. You should reject both projects because they will both have negative NPVs under the new conditions. d. You should recommend Project K because it has the higher IRR and will continue to have the higher IRR even at the new cost of capital. e. You should recommend Project K, because at the new cost of capital it will have the higher NPV.
The statements correct is option E. You should recommend Project K, because at the new cost of capital it will have the higher NPV.
This is due to the fact that both projects have the same NPV at the 8% current cost of capital, but Project K has a higher IRR of 20% than Project R's IRR of 15%. This means that the higher rate of return from Project K will result in a higher NPV when the cost of capital increases, making it the better choice for investment.
Investment is an activity of placing funds in one or more types of assets for a certain period, with the aim of earning income or increasing value. What is an investment and its purpose? Investment is an activity of placing funds in one or several types of assets for a certain period, with the aim of obtaining future returns.
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why are laws to protect property ownership important to society? a.) they defend the rights of the powerful. b.) they define tangible versus intangible property. c.) they allow wealth to accrue. d.) they are fundamental to peace and stability.
Laws to protect property ownership are important to society because they are fundamental to peace and stability. Option d is correct.
What are laws that protect property ownership?Laws that protect property ownership safeguard a person's right to keep and enjoy his or her property, as well as prevent others from unjustly taking or destroying it. Property rights protection has a significant impact on a nation's economic development.
Laws to protect property ownership are important to society because they ensure that individuals can have rights to own property and that these rights are protected. Property rights encourage people to engage in economically productive activities and provide a stable environment for economic growth and development.
In conclusión, option d. they are fundamental to peace and stability is correct.
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What are the 4 business level strategies?
The four business-level strategies are the low-cost provider strategy, the differentiation strategy, the focused low-cost strategy, and the focused differentiation strategy.
What are Business-level strategies?
Business-level strategies refer to a company's plan to compete and achieve its objectives. It focuses on creating a competitive advantage by leveraging the company's strengths to provide a better product or service than its competitors.
The 4 business-level strategies are:
1. Low-Cost Provider Strategy entails the creation of a low-cost and broad market customer base. This approach aims to offer the lowest prices possible for the product or service.
2. Differentiation Strategy seeks to distinguish the company's products or services from those of its competitors. This can be achieved by providing unique product features, exceptional customer service, and higher quality.
3. Focused Low-Cost Strategy is a variation of the low-cost provider strategy. Instead of focusing on the entire market, the company concentrates on a specific segment of the market.
4. Focused Differentiation Strategy is a variation of the differentiation strategy. Instead of focusing on the entire market, the company concentrates on a specific segment of the market.
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_______ represents a period of time which is long enough for a firm to adjust its variable resources and its fixed resources (plant capacity) to achieve a desired change in output.
a. The Long Run
b. The Intermediate period
c. The Short run
d. The Market period
The Long Run represents a period of time which is long enough for a firm to adjust its variable resources and its fixed resources (plant capacity) to achieve a desired change in output. Hence Option a. The Long Run is correct.
What is long run?The Long Run represents a period of time that is long enough for a firm to adjust its variable resources and its fixed resources (plant capacity) to achieve a desired change in output.
This is the period of time when all the firm's factors of production are variable resources. In the long run, the company can change its production capacity, size of the plant, and technological level.
All costs are variable in the long run, and the firm is free to change all its inputs to maximize its profit. The short run and market period are two other concepts that are frequently used in microeconomics.
These periods of time refer to the duration over which firms can adjust the levels of inputs in their production processes. Hence Option a. The Long Run is correct.
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which activity takes place once the design of the promotional program is complete? multiple choice question.
Answer:set the promotion schedule
Explanation:
The right of an individual to take another person's resources because that person has failed to meet the requirements of the law is known as a _____.
A. precedent
B. citation
C. remedy
D. dicta
E. holding
The right of an individual to take another person's resources because that person has failed to meet the requirements of the law is known as a remedy. Option C is correct.
In a legal context, a remedy is a form of compensation or relief provided by a court of law. When an individual's rights are breached, a remedy is typically granted by a court of law to restore those rights or offer compensation for the harm caused by the breach.
Legal remedies can come in a variety of forms, including monetary compensation, an order for specific performance, or an injunction directing a party to take or refrain from taking a specific action.
The correct option is Option C.
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If you estimate the basis will be 15 over December futures at the time you purchase corn, the approximate buying price you can lock in by selling a December futures contract at $5.50 is: (a) $5.65 (b) $5.60 (c) $5.35 (d) none of the above
If you estimate the basis will be 15 over December futures at the time you purchase corn, the approximate buying price you can lock in by selling a December futures contract at $5.50 is $5.65.
What is the Commodity Basis?
The commodity basis is the difference between the local cash price of a commodity and the price of a particular futures contract for the same commodity at any given point in time. The basis is calculated as follows: Basis = Cash Price - Futures Price.
When a farmer or trader agrees to sell a commodity in the future at a price determined by a futures contract, they lock in a price for their commodity. Since the futures price is determined by market forces, the price that the seller of the commodity receives is subject to volatility, and the difference between the price of the commodity when the contract is agreed upon and the price of the commodity when it is sold is determined by the basis.
According to the question,
Basis = Cash Price - Futures Price15
= Cash Price - $5.50Cash Price
= $5.50 + $0.15 = $5.65
Therefore, the correct option is (a) $5.65.
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changes in which of the following will cause the aggregate supply (as) curves to shift? select all that apply. group of answer choices human capital investment exports and imports natural resources consumption technology government purchases physical capital the number of workers
The changes in the following will cause the aggregate supply (AS) curves to shift: human capital investment, natural resources, technology, government purchases, and physical capital. Therefore, the correct answer is the first, second, third, fifth, and seventh options.
Aggregate supply (AS) is the total supply of all goods and services an economy produces at a given price level in a particular period. There are many factors that can influence the position of the aggregate supply curve, making it shift to the right or left.
The major factors that will cause shifts in the aggregate supply curve include the following:
Human capital investment: When investment is made in the education, training, and skill development of the labor force, it can help to increase productivity and efficiency, thereby, causing the AS curve to shift to the right.Natural resources: The availability of natural resources such as oil, minerals, and other resources can significantly impact the AS curve. A decrease in natural resources can cause the AS curve to shift to the left, while an increase can cause the curve to shift to the right.Technology: Technological advancements can help to increase productivity, reduce costs, and improve efficiency, leading to a rightward shift in the AS curve.Government purchases: Government purchases of goods and services such as infrastructure, defense, and other programs can impact the AS curve. An increase in government purchases will cause the AS curve to shift to the right.Physical capital: An increase in physical capital such as machines, equipment, and buildings can increase productivity and efficiency, leading to a rightward shift in the AS curve.Learn more about Aggregate supply at https://brainly.com/question/15100476
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As of June 30, 2016, the bank statement showed an ending balance of $19,500. The unadjusted cash account balance was $15,200. The following information is available:
1. Deposit in Transit. $2,400.
2. Credit memo in bank statement for interest earned in June. $30.
3. Outstanding check $6,690.
4. Debit memo for service charge. $20.
a. Determine the true cash balance by preparing a bank reconciliation as of June 30, 2016 using the preceding information.
b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.
a. Bank reconciliation as of June 30, 2016:
Unadjusted cash account balance: $15,200Add: Deposit in Transit: $2,400Add: Interest earned: $30Subtract: Outstanding check: $6,690Subtract: Service charge: $20True cash balance: $10,920
b. General journal entries:
a. Bank reconciliation for June 30, 2016
The unadjusted bank balance of $15,200
Add a deposit in transit of $2,400
The adjusted bank balance of $17,600
Deduct outstanding checks $6,690
The adjusted bank balance of $10,910
Add credit memo for interest earned in June $30
Less debit memo for service charge ($20)
True cash balance $10,920
Therefore, the true cash balance is $10,920.
b. Adjusting Entries:
Debit Credit June 30
Interest Income $30
Cash $30(To record interest earned on bank account)June 30
service Charge Expense of $20
Cash $20(To record service charge on bank account)
Therefore, the adjusting entries necessary to correct the unadjusted book balance is as follows:
Interest Income: Debit $30 to Interest Income,
Credit $30 to Cash.
Service Charge Expense: Debit $20 to Service Charge Expense, Credit $20 to Cash.
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an auditor adjusts the audit plan by introducing unexpected audit procedures in response to what the auditor believes management may be doing to conceal a fraud based on management's strategic reasoning. which order of reasoning is occurring here?
Considering that an auditor changes the audit plan considering that there could be fraud, the order of reasoning used is higher-order reasoning. Alternative c. is correct.
The auditor is engaging in higher-order reasoning by considering the potential strategic motivations and behaviors of management that may lead to the concealment of fraud. This type of reasoning involves making predictions, analyzing complex situations, and considering multiple perspectives to come up with a plan of action.
The auditor is modifying the audit plan based on a sophisticated understanding of the situation and potential risks involved.
In conclusion, Alternative c. Higher-order reasoning is correct.
The full question is as follows:
An auditor adjusts the audit plan by introducing unexpected audit procedures in response to what the auditor believes management may be doing to conceal a fraud based on management's strategic reasoning. Which order of reasoning is occurring here?
a. Zero-order reasoning
b. First-order reasoning
c. Higher-order reasoning
d. Low-order reasoning
Mark and Jack work as clerks at the New Bank of North America, which they plan to rob. In order to plan and execute the robbery, Mark and Jack obtained the floor plans of the bank and studied the security arrangements and movements of security personnel. They even got weapons, in case force is required, as they plan to rob the bank during working hours. But the police got information about the plan and arrested Mark and Jack, and thus prevented the robbery from taking place. What crime has been committed by Mark and Jack?
Mark and Jack have committed the crime of conspiracy to commit robbery. Conspiracy to commit a crime is defined as an agreement between two or more people to commit a criminal offense, coupled with an overt act in furtherance of the crime.
What is a Crime?
A crime is a type of illegal activity that results in harm to individuals or society. Criminal acts are divided into two categories: misdemeanours and felonies. Misdemeanours are less serious criminal acts and are usually punishable by less than one year in prison or a fine. Felonies are more serious criminal acts and are punishable by more than one year in prison or a fine. Common examples of crimes include theft, burglary, assault, murder, and drug possession.
In this case, Mark and Jack planned and plotted to rob the bank, and even took steps to prepare for the robbery, such as obtaining the floor plans of the bank, studying the security arrangements, and movements of security personnel, and getting weapons for the robbery. Therefore, they have committed the crime of conspiracy to commit robbery.
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Which of the following would not lead to a shift in the demand curve for bananas?a. an increase in the price of orangesb. a decrease in incomes for consumersc. a decrease in the price of bananasd. an increased preference for bananas
Answer: Option A is the correct answer. The following would not lead to a shift in the demand curve for bananas: an increase in the price of oranges
Explanation: Shifts in demand curves can occur as a result of a variety of factors, including changes in consumer income, preferences, and the prices of related goods. A shift occurs when there is a change in the quantity demanded at each price, resulting in a new demand curve.
In this case, an increase in the price of oranges would not lead to a shift in the demand curve for bananas. This is because oranges and bananas are not considered complementary goods that are usually used together. As a result, a change in the price of oranges would not have a direct impact on the number of bananas demanded by consumers. Thus, option A is the correct answer.
A shift in the demand curve for bananas can occur as a result of the following factors: a decrease in incomes for consumers and an increased preference for bananas decrease in the price of bananas.
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Suppose that annual stock returns for a particular company are normally distributed, with a mean of 16% and a standard deviation of 10%. You are going to invest in this stock for one year.
A) Find the probability that your one-year return will exceed 30%.
B) Find that probability that your one-year return will be negative.
A) The probability that your one-year return will exceed 30% is 0.1587.
B) The probability that your one-year return will be negative is 0.1587.
a) The probability that a one-year return will exceed 30% is 0.0478. Solution: Let X be the stock return, X~N(16,10^2)We need to find the probability of the event P(X>30)Using the formula for standardization of random variable, we have: Z= (X-μ)/σ.
Here, μ=16 and σ=10.So, P(X>30) = P(Z>(30-16)/10)P(Z>1.4) = 1 - P(Z≤1.4)Using standard normal distribution tables or calculator, we get P(Z≤1.4) = 0.9522So, P(X>30) = 1 - P(Z≤1.4)=1-0.9522=0.0478Therefore, the probability that the one-year return will exceed 30% is 0.0478.
b) The probability that the one-year return will be negative is 0.1587. Solution: We need to find the probability of the event P(X<0)Using the formula for standardization of random variable, we have: Z= (X-μ)/σ. Here, μ=16 and σ=10.So, P(X<0) = P(Z<(0-16)/10)P(Z<-1.6)Using standard normal distribution tables or calculator, we get P(Z<-1.6) = 0.0548So, P(X<0) = P(Z<-1.6)=0.0548
The total probability of one-year return is 1. P(X>0) + P(X<0) + P(X=0) = 1. Since we are not given any information about the probability of X=0, we can assume that P(X=0) = 0.Hence, P(X>0) + P(X<0) = 1P(X<0) = 1 - P(X>0)Therefore, P(X<0) = 1 - P(X>0) = 1 - 0.8289=0.1587Therefore, the probability that the one-year return will be negative is 0.1587.
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Generally speaking, if you are risk averse, you should save money for retirement in a savings account rather than investing in stocks and bonds, because a savings account will keep up with inflation. True or False
False, if you are risk-averse, you should save money for retirement in a savings account rather than investing in stocks and bonds, because a savings account will not keep up with inflation.
What does it mean to be risk-averse? Risk-averse is the description of someone who prefers security over taking risks. A risk-averse individual will choose security over a higher, more uncertain return in exchange for lower, more certain profits when it comes to investments or financial decision-making. Risk aversion could be interpreted as an economic principle that makes decisions based on the level of uncertainty of a particular outcome.What is a savings account?A savings account is a bank account that pays interest. It is commonly used to save money for a rainy day or for a specific goal, such as buying a house or a car. It is a low-risk investment since it is guaranteed by the bank and backed by the Federal Deposit Insurance Corporation (FDIC).A savings account is a good choice for someone who is risk-averse. It is a low-risk, low-reward investment that provides a sense of financial stability, as the balance in a savings account does not fluctuate with market conditions. It is a safe place to keep money that you want to save for future use, such as a down payment on a house or a college education.
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leadership emphasizes increased service to others; a holistic approach to work; promoting a sense of community; and the sharing of power in decision-making. question 7 options: a) actual b) situational c) charismatic d) servant e) transformational
The best option for this question is d) servant. Leadership that emphasizes increased service to others, a holistic approach to work, promoting a sense of community, and the sharing of power in decision-making is a type of servant leadership.
Servant leadership is a style of leadership in which the leader is focused on serving others rather than being served themselves. In servant leadership, the leader prioritizes the needs of their team members, customers, or clients over their own needs.
What are some examples of servant leadership?Some examples of servant leadership in action include: Promoting a positive work environment by recognizing and rewarding team members for their contributions encouraging team members to take initiative and come up with new ideas for how things can be done creating a culture of collaboration and open communication, where everyone feels like they can contribute to the success of the team focusing on the needs of customers or clients, rather than just the bottom line or profit margins taking the time to get to know team members on a personal level and showing an interest in their lives outside of work.
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your client is in the process of acquiring another company. you have been requested to verify that cash for the company being acquired is properly stated. the audit technique that will yield the most persuasive evidence is:
"Preparation and review of standard bank confirmation inquiries" is the audit technique that will yield the most persuasive evidence for verifying the cash for the company being acquired.
The audit technique that will yield the most persuasive evidence in verifying the proper statement of cash for an acquisition is the preparation and review of standard bank confirmation inquiries. This technique involves sending confirmation requests to the bank where the company being acquired holds its cash accounts. The bank will confirm the cash balances and provide other relevant information directly to the auditor, thereby providing objective and reliable evidence.
This method is superior to examining an escrow account or conducting interviews with company personnel, as it provides direct confirmation from a third-party source. Similarly, analytical computations comparing current cash balances with previous periods can provide useful information, but they are not as persuasive as confirmation from a bank.
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Milden Company is a distributor who wants to start using a contribution format income statement for planning purposes. The company has analyzed its expenses and developed the following cost formulas:
Cost Cost Formula
Cost of good sold $27 per unit sold
Advertising expense $177,000 per quarter
Sales commissions 6% of sales
Shipping expense ?
Administrative salaries $87,000 per quarter
Insurance expense $9,700 per quarter
Depreciation expense $57,000 per quarter
Because shipping expense is a mixed cost, the company needs to estimate the variable shipping expense per unit sold and the fixed shipping expense per quarter using the following data:
Quarter Units Sold Shipping
Expense
Year 1: First 23,000 $ 167,000 Second 25,000 $ 182,000 Third 30,000 $ 224,000 Fourth 26,000 $ 187,000 Year 2: First 24,000 $ 177,000 Second 27,000 $ 192,000 Third 42,250 $ 244,000 Fourth 39,250 $ 220,000 Required:
1. Using the high-low method, estimate a cost formula for shipping expense in the form Y = a + bX.
2. In the first quarter of Year 3, the company plans to sell 29,000 units at a selling price of $57 per unit. Prepare a contribution format income statement for the quarter.
1. Using the high-low method, the cost formula for shipping expense can be estimated as Y = $89,000 + $4.80X, where Y is the shipping expense and X is the number of units sold. 2.
Milden Company Contribution Format Income Statement for Quarter 1, Year 3
Revenue:
29,000 units x $57 per unit = $1,663,000
Less Variable Costs:
Cost of Goods Sold = 29,000 units x $27 = $783,000
Sales Commissions = 29,000 units x $3.42 = $99,580
Shipping Expense = 29,000 units x $4.80 = $139,200
Total Variable Costs = $1,021,780
Contribution Margin = $1,663,000 - $1,021,780 = $641,220
Less Fixed Costs:
Advertising Expense = $177,000
Administrative Salaries = $87,000
Insurance Expense = $9,700
Depreciation Expense = $57,000
Total Fixed Costs = $330,700
Net Operating Income = $641,220 - $330,700 = $310,520
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