Secured debt usually has D. All of the above.
What is secured debt ?Secured debt refers to debt that is backed by some form of collateral, such as a property or a piece of equipment. Since the loan is secured, the lender is less likely to experience a loss in the event that the borrower defaults on the loan.
As a result, lenders are usually willing to offer lower interest rates and longer loan terms for secured debt. Additionally, the use of collateral can increase the perceived stability of the loan, making it more attractive to investors.
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sharp corporation produces 8,000 parts each year, which are used in the production of one of its products. the unit product cost of a part is $36, computed as follows:
If purchased he will have to pay $56000 more operational profit.
What are sales vs operational profit?Before any costs are subtracted, revenue is the whole amount of money a business makes through the selling of its goods or services. Operating income is the portion of such a company's profits that remain after continuous, recurring costs and expenses have been subtracted.
If part is produced cost = 8000 × $36 = $288000
If part if purchased the cost =
Purchase price + FIXED cost (3/4)
= $28 + $15 = $43
Total cost = 8000 × $43 = $344000
Hence, if purchased he will have to pay $344000-$288000 = $56000 more.
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Complete question:
FILL IN THE BLANK. Management discussion and analysis and note disclosures to the financial statements are included in the _____ _____. (Enter one word per blank.)
The annual report also includes management discussion and analysis and notes disclosures to the financial statements.
What is the yearly report?An extensive overview of a corporation's operations for the preceding year is contained in an annual report. Its objective is to provide users with information on the company's operations and financial performance, such as shareholders or potential investors. Annual reports, which provide a plethora of information, allow readers to have full knowledge of the company's overall performance over the preceding year.
It is important to note that many annual reports do not adhere to the conventional structure of long text reports; rather, many organizations commonly add a lot of visuals and images, producing a document that is aesthetically pleasing.
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Katherine purchased a property for $255,000, borrowing $242,250. The assessed value of the property is $249,700. The property appraisal came in at $257,000. Which of these amounts is used in calculating the transfer tax?
$242,500
$249,700
$255,000
$257,000
Long-term capital gain is calculated as Final Selling Price - (Indexed Cost of Acquisition, Improvement, and Transfer), where Indexed Cost of Acquisition is calculated as Cost of Acquisition x Cost Inflation Index of Transfer / Cost Inflation Index of Acquisition.
What is capital gain?Gains from the selling of assets like stocks, bonds, or real estate are referred to as capital gains. When an asset is sold for more than it cost to buy it, capital gain is realised. It is the difference between the asset's cost price and capital gains, which is lower. In the event of a long-term capital gain, capital gain is calculated as final sale price minus (transfer cost plus indexed purchase cost plus indexed housing improvement cost). Any profit made through the sale of an asset classified as a capital is referred to as a capital gain. The income category includes the profit that was made. Thus, a tax must be paid on the income earned.
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Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?A. Filing status.B. Taxpayer's gross income.C. Taxpayer's employment.D. Taxpayer's age.E. None of the above.
Option c: Taxpayer's employment. A taxpayer's employment is not a factor in determining whether a taxpayer is required to file a tax return.
A company that has to pay taxes is called a taxpayer. Today's taxpayers may have an identification number or reference number given to them by the government. A person who pays taxes is generally called a “taxpayer”.
A tax return preparation is a document that determines the amount of income and taxes of a business or individual and must be returned to the government or government agency or to the taxpayer.
Deductions, deductions, exclusions, and concessions are common tax benefits. All qualifying excess deductions can be combined with standard deductions or single deductions.
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The most common form of competition is _____ where many firms compete for customers in a given market with differentiated products.
a.oligopolistic competition
b.market saturation
c.pure competition
d.competitive parity
e.monopolistic competition
Option (e), Monopolistic competition, in which numerous businesses compete for clients in a specific market with differentiated products, is the most prevalent type of rivalry.
What kinds of markets are characterized by monopolistic competition?If just one business is permitted to offer products and services to the general public, the market is said to be monopolistic. The opposite of a monopolistic market is a totally competitive one, where an infinite number of businesses are active.
Monopolistic competition occurs when a lot of businesses offer similar but inferior alternatives to each other's competing goods or services. An industry that is monopolistic and competitive has low entry barriers, and decisions made by one company do not immediately affect those of its competitors.
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lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: . Claimjumper Makeover TotalSales $30,000 $70,000 $100,000 Variable expenses 20,000 50,000 70,000Contribution margin $10,000 $20,000 30,000Fixed expenses 24,000Net operating income $6,000 Requirement 1:
Compute the overall contribution margin (CM) ratio for the company. (Round your answer to the nearest whole percent. Omit the "%" sign in your response.)
The company's overall impact margin (CM) ratio is 33%, according to the query we have.
Has Claim Jumper stopped operating?The firm closed some of its outlets, notably in Manhattan Beach and Murrieta in California, at Opry Mills around Nashville, Tennessee, and Lynnwood, Washington, due to the COVID-19 outbreak and the fact that a portion of the operation was a buffet.
A. Contribution Margin equals contribution multiplied by sales by 100%
Products from Lucidio have a 33% contribution margin ($30,000 / $100,000).
B. The sales amount at which a company covers its costs and generates no profit is known as the break-even point.
Fix expenses divided by net income is the break-even point.
= $24,000/ 33%
= $72,727
72,727
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Identify five items that are adjustments to convert net income to net cash provided by operating activities under the indirect method.
a. gain or loss on disposal of a non-current asset
b. increase/decrease in inventory
c. depreciation expense
d. increase/decrease in accounts payable
e. increase/decrease in accounts receivable
f. payment of cash dividends
g. purchase of equipment
The five items that are adjustments to convert net income to net cash provided by operating activities under the indirect method are:
b. Increase/decrease in inventory
c. Depreciation expense
d. Increase/decrease in accounts payable
e. Increase/decrease in accounts receivable
f. Payment of cash dividends
What are the five items that are adjustments to convert net income to net cash?a. Gain or loss on disposal of a non-current asset: This is a non-cash transaction and is therefore not included as an adjustment to convert net income to net cash provided by operating activities under the indirect method.
b. Increase/decrease in inventory: This is an adjustment to account for changes in the level of inventory during the period, which can affect cash flow.
c. Depreciation expense: Depreciation is a non-cash expense that reduces net income but does not affect cash flow, so it is added back to net income to arrive at net cash provided by operating activities.
d. Increase/decrease in accounts payable: This is an adjustment to account for changes in the level of accounts payable during the period, which can affect cash flow.
e. Increase/decrease in accounts receivable: This is an adjustment to account for changes in the level of accounts receivable during the period, which can affect cash flow.
f. Payment of cash dividends: Dividends are a cash outflow and are therefore subtracted from net income to arrive at net cash provided by operating activities.
g. Purchase of equipment: This is a cash outflow related to investing activities and is therefore not included as an adjustment to convert net income to net cash provided by operating activities under the indirect method.
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Unilever offers its Dove brand of body wash to several groups: one geared toward women, one for men, and one for babies. By taking the overall market and dividing it into smaller, similar groups, Unilever is engaged in ______.
Multiple choice question.
a business portfolio analysis
a situation analysis
market segmentation
a SWOT analysis
Unilever offers its Dove brand of body wash to several groups: one geared toward women, one for men, and one for babies. By taking the overall market and dividing it into smaller, similar groups, Unilever is engaged in market segmentation. The Option C.
What does market segmentation means and its use?Market segmentation is a marketing strategy that divides a brand's total addressable market share into smaller groups using well-defined criteria. Each group, or segment, has characteristics in common that allow the brand to create focused and targeted products, offers, and experiences.
The total addressable market of a brand can have a wide range of needs, challenges, preferences, and purchasing criteria. Market segmentation divides a target market into focused segments in order to create messaging, products, and services tailored to those segments.
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a company's cash receipts and cash payments are recorded in the cash account in its general ledger. identify which of the following could not be determined by analyzing the cash account?
The following items, such as cash payments for equipment, cash revenues from consumers, and cash payments on notes, could not be identified by reviewing the cash account.
What is company and types?An company is an authorized individual or a legitimately acknowledged business entity that has registered with the Companies Act. It could be a community interest corporation, a private or public company, with a guarantee or with a share capital. Simply said, a company's objective is to create a profitable vision and then carry it out. Furthermore, we need clarify what is meant by the word "profitable," which is defined is long-term sustainable returns.
How a company is formed?A business's incorporation (registration) as a limited company is known as company creation. When a business is registered, it becomes a distinct legal entity; a "person" that is independent of its owners and in charge of its own funds, possessions, and obligations.
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Complete question:
A company's cash receipts and cash payments are recorded in the cash account in its general ledger. identify which of the following could not be determined by analyzing the cash account?
Cash receipts from customersCash payments on notesCash payments for equipmentCash paid for wagesCash paid for inventoryCash paid for rentCash paid for dividendsCash paid to purchase treasury stockCash contributions by ownersCash received from issuing bondsA good example of conflicts and tensions that sometimes arise between state and national governments that are fed by federalism include a. The creation of the National Security Agency (NSA). b. The development of the Federal Emergency Management Agency (FEMA). c. The federal deficit. d. Immigration policy.
D) Immigration policy is a prime illustration of the disagreements and tensions that can occasionally develop between state and federal governments that are fueled by federalism.
What is the policy on immigration?Citizenship in the United States and immigration into the country are governed and supervised by federal policy. The Department of Homeland Security is in charge of enforcing immigration laws in the United States under the direction of the US Congress.
Early in the nineteenth century, the United States had lax immigration laws, which were followed by severe immigration laws in the late nineteenth and early twentieth centuries.
Visa, asylum, and naturalization policies are among the policy issues connected to the immigration procedure. Deferral policy and removal policy are two areas of policy that pertain to illegal immigration.
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TRUE/FALSE. these people perform many of the activities required to move products efficiently from producers to consumers or industrial buyers and are often wholesalers or retailers.
This statement is True. Wholesalers and retailers are the two most common types of intermediaries. Wholesalers buy in bulk from manufacturers and then sell to retailers who in turn sell the products to end users.
Retailers are often the last link in the distribution chain, providing customers with access to products from a variety of sources. Intermediaries thus help bridge the gap between manufacturers and end users, making it easier for products to reach the right people. Brokers provide services such as warehousing, inventory management, packaging, and transportation that are necessary for the efficient movement of products from producers to consumers or industrial buyers.
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The following events occurred over the course of a year at Bagby Corp., which uses a job order costing system:
1. Direct materials purchases totaled $460,000.
2. $230,000 of indirect materials were used in production. Bagby uses a separate Supplies Inventory account for indirect materials.
3. $415,000 of direct materials were used in production.
4. The direct labor payroll was $940,000 (credit Wages Payable).
5. Other manufacturing overhead costs incurred during the year totaled $540,000.
6. Bagby applies overhead based on a predetermined overhead rate of $15 per machine hour. The company used 50,000 machine hours during the year.
7. During the year, Bagby transferred goods costing $2,100,000 into the Finished Goods Inventory account.
8. Bagby sold products with a manufacturing cost of $2,050,000 to customers during the year.
Required
a. Prepare journal entries to record these events.
b. Prepare T-accounts for the following accounts: Direct Materials Inventory, Work in Process Inventory, Manufacturing Overhead Control, and Finished Goods Inventory.
Record the transactions from part (a) in the T-accounts and calculate ending account balances. Assume the following beginning account balances:
Account Balance
Direct Materials Inventory $20,000
Work in Process Inventory $12,000
Finished Goods Inventory $35,000
c. Was overhead under- or overapplied for the year? By how much?
The following chart illustrates how the overall manufacturing cost was calculated: Details Amount. ($206,000 - $19,000) for direct material
$187000. $29,000 in direct labor out of $150,000. $121,000. Manufacturing overhead in use ($121,000 x 150%) $181,500. An increase in production costs of $489,500. To get the total manufacturing cost added, we simply added the direct material, direct labor, and applicable manufacturing overhead cost. Creating the journal entry to document the release of materials to production. Considering the facts provided. To document the issuance of materials to production, make the following diary entry: Work in Process Inventory $140,00 is debited. ($164,000-$24,000). debit $24,000 for factory overhead. Credit $164,000 for Raw Materials Inventory, (To keep a record of the materials issued to production).
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which of the following was not a result of the growth of a national market economy between 1815 and 1860
A greater number of men working at home was NOT a result of the growth of a national market economy between 1815 and 1860. The correct answer is E.
During this time, industrialization and the rise of factories led to a significant shift in the way goods were produced. As a result, more and more men left their homes to work in the factories, and there was a decline in the number of men working from home.
This was particularly true in the Northeast, where the factory system was most developed. Women and children, on the other hand, were more likely to work from home, especially in industries such as textiles. Overall, the growth of the national market economy during this period was characterized by increasing economic specialization, the application of machinery to mass production, a greater disparity of wealth between rich and poor Americans, and the beginnings of an organized labor movement.
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Your question seems incomplete, but I suppose the question was:
"Which of the following was NOT a result of the growth of a national market economy between 1815 and 1860?
A. Increasing economic specialization
B. The application of machinery to the mass production of goods
C. A greater disparity of wealth between rich and poor Americans
D. The beginnings of an organized labor movement
E. A greater number of men working at home"
calculate the present value of a 5-year annuity. information given: the annuity pays $3000/year; interest rate is assumed to be 12%; the first payment of $3000 occurs today.
The present value of a 5-year annuity is $12,112.05.
The annuity is an insurance contract which is issued and distributed by financial institutions where invested fund is paid out in a fixed income stream in the future. Investors can purchase annuities with monthly premiums or lump-sum payments.
The present value of an annuity refers to the current value of future payments from an annuity at a specified rate of return. The present value of an annuity is given by:
P=PMT*(1-(1⁄((1+r)^n)))/r
Where P is the present value of an annuity stream, PMT is the dollar amount of each annuity payment, r is the interest rate, and n is the number of periods in which the payments will be made.
Based on provided information,
PMT = $3,000
r = 12% or 0.12
n = 4 (as the first payment of $3,000 was made today)
P=3000*(1-(1⁄((1+0.12)^4)))/0.12
P = 9112. 05
As the first payment was made today, the PV of the annuity is:
PV = 9112.05 + 3000 = $12, 112.05
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which of the following is correct about the abbreviation ad in historical texts? (select all correct choices).
The following is correct about the abbreviation "AD" in historical texts:
- AD stands for Anno Domini, Latin for "In the year of the Lord"
- AD is used to label or number years in the Julian and Gregorian calendars
- AD is used to denote a time period beginning with the year 1
- AD is placed after a date, as in 2020 AD.
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production workers for essa manufacturing company provided 300 hours of labor in january and 600 hours in february. essa expects to use 5,000 hours of labor during the year. the rental fee for the manufacturing facility is $6,000 per month. required based on this information, how much of the rental cost should be allocated to the products made in january and to those made in february? note: do not round intermediate calculations.
It is relatively simple to directly trace costs, such as direct labor and direct materials, to jobs or products in most cases.
What are some examples of overhead cost allocation?Advertising, general liability insurance, office rent and utilities, administrative salaries, and a lot more are examples. Despite fluctuations in your job progress and labor, G&A supports your ability to take on and bill jobs. However, in one sense, they are relatively stable.
The difficult part of cost allocation is allocating fixed and indirect variable costs to jobs and products in such a way that the total product costs allocated most accurately reflect those costs.
Nabors Manufacturing Company must devise a methodical and rational strategy for allocating the manufacturing facility's rental fee in this circumstance.
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streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. by doing this, streamtech has . group of answer choices introduced product differentiation locked in its suppliers established an alliance created an entry barrier reduced the cost of operations
A unmanned search boat has got a patent from the automaker streamtech. Streamtech has developed "product differentiation" in this way.
Define the term product differentiation?What distinguishes your good or service from those offered by competitors in your market and makes it more desirable to consumers is called product differentiation.
What provides you a comparative benefit in the market is product differentiation. Better quality and customer service, as well as distinctive features and benefits, can be used as product differentiators. The purpose of product differentiation is to gain a competitive edge or to elevate your product above competitors' offerings. In these other words, you want to rise above the competition rather than just stand out from it.In any sector, but particularly if you're in a competitive market with plenty of competitors, it's critical to differentiate your product.A unmanned search boat has got a patent from the automaker streamtech. Thus, Streamtech has developed "product differentiation" in this way.
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The correct question is-
streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. by doing this, streamtech has .
group of answer choices
introduced product differentiation locked in its suppliers established an alliance created an entry barrier reduced the cost of operations42)Which one of the following describes a short position?42)BA)Loaning a security to your broker to cover a margin callB)Selling a security that you do not ownC)Selling a security that you originally purchased on marginD)Purchasing a security on marginE)Having less equity than required in your margin account
A short position in the stock market is when an investor sells a security that they do not own, with the intention of buying it back at a later time at a lower price to make a profit.
Essentially, short selling is the opposite of buying a stock, where you would purchase a security with the expectation that it will increase in value in the future. To execute a short sale, the investor must first borrow the security from someone who owns it, such as a broker or another investor, and sell it on the market. If the price of the security goes down as the investor predicted, they can buy it back at a lower price and return it to the lender, pocketing the difference between the sale price and the purchase price as profit. However, short selling can be a risky strategy because there is no limit to how high the price of the security can rise. If the price of the security goes up instead of down, the investor will be forced to buy it back at a higher price, resulting in a loss. Short selling is typically used by investors who believe that a particular security is overvalued or will experience a price drop in the near future. It can also be used to hedge against potential losses in a portfolio, although this strategy can also be risky if the price of the security being hedged against increases instead of decreases. In conclusion, a short position involves selling a security that you do not own in the hopes of buying it back at a lower price in the future. While this strategy can potentially lead to profits, it can also result in losses if the price of the security increases instead of decreases.
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pm.61 rob smith is managing a small project at boston university. he is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. in order to meet this objective a number of activities must be crashed.
In the given project, Activity A should be crashed by 1 day.
What do you mean by project?This project is really an endeavor that is undertaken to produce or enhance a specific good or service. Projects are temporary work efforts with a predetermined beginning and end. Projects can either be totally confined inside a singl or unit, or they can incorporate other companies and services.
Why is it called a project?As a result, the word "project" originally meant "before an action." The phrase was originally used in English to refer to a plan want something as opposed to the act of putting this plan into action. Any "object" is a task carried out in accordance with a project.
Activity A should be crashed by days = Normal Day - Crashed day i.e.
⇒ 6 - 5
= 1 day
Thus, Activity A should be crashed by 1 day.
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Complete question:
The prepaid insurance account has a debit balance of ₱3,600 at the end of the year. If unexpired insurance at the end of the year is ₱2,800, the amount of insurance expense that should be reported on the income statement is
answer choices
₱800.
₱2,800.
₱6,400.
₱1,200
The correct answer to the question above is option A. "₱800"
Step by step explanation:
given data:
Insurance account debit balance ₱3,600 Unexpired insurance at the end of the year ₱2,800Insurance expenses that should be reported= Insurance account debit balance - unexpired insurance at the end of the year
Insurance expenses = ₱3,600 - ₱2,800
Insurance expenses = ₱800
Insurance expense is the amount that a company pays to get an insurance contract and any additional premium payment. The amount that should be recorded is the insurance that already expired.
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Abstract reasoning is the ability to ______. A) work with others when performing tasks. B) make and manipulate models. C) act quickly on a problem
Abstract reasoning is the ability to make and manipulate models, concepts, and ideas unrelated to specific instances or examples.
It involves thinking logically, understanding complex relationships, recognizing patterns, and drawing conclusions based on incomplete information. Abstract reasoning is an important cognitive skill used in many areas of life, including problem-solving, decision-making, and creative thinking.
It does not necessarily involve working with others or acting quickly on a problem, but rather the ability to analyze information and draw logical conclusions independently.
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Louisville, Kentucky is debating a new business ordinance that will address sidewalks in its city. Members of the Louisville city council do not need to concern themselves with which of the following issues? Multiple Choice O Local taxesO Environmental standards O Federaly mandated resictive covers O Bulding codesO Local string
A new business code that will handle sidewalks in the city is being debated in Louisville, Kentucky. Local taxes are not an issue for the members of the Louisville city council.
Which topics are the debate's main focus?Local taxes are levy fees that residents of a town must pay to the local government. Since fixing the city's sidewalks in Louisville, Kentucky is the issue at hand, local taxes won't be a problem because it's not a local one. Environmental regulations, restricted covenants imposed by the federal government, local zoning laws, and building requirements will be a cause of worry.
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many fabric stores and places where yardage and craft supplies are sold, offer small packages of pre-cut, color coordinated fabric squares for quilting called
Option (a), Small packets of pre-cut, color-coordinated fabric squares for quilting known as fat squares or fat quarters are sold in many fabric stores and locations where yardage and craft supplies are sold.
Fat quarter: What is it?In essence, a fat quarter is a piece that is made by first slicing a half-metre of the fabric's width in half, then cutting this portion in half vertically (essentially cutting it by the width). A piece of fabric that is cut 18′′ from of the end of the bolt and folded in half is known as a fat quarter. One yard of cloth is still left over even after four of these are joined.
Why then are fat quarters called that?Etymology. A metre-square piece of cloth is folded into fourths and cut along the folds to create a piece that is 25 centimeters wide and 25 centimeters long when a quarter of a metre is taken off the roll.
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The complete question is:
Many fabric stores and places where yardage and craft supplies are sold, offer small packages of pre-cut, color coordinated fabric squares for quilting called
(a). fat squares or fat quarters
(b). GSM
the time value of money concept recognizes that people require additional compensation for deffering consumption
The idea of the Time value of money (TVM) holds that a sum of money has more value today than it will in the future due to its potential for earnings.
The statement is true.
Time value is a notion that acknowledges the pertinent value of future cash flows resulting from financial decisions. To put it another way, the value of a specific sum of money today is greater than its value tomorrow. It has nothing to do with the ambiguity of time and is solely related to timing. The time value of money is the variation in the between now and tomorrow.
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a large company has two major departments, development and marketing. 100 employees are randomly selected from each department, and the age of each employee, in years, is recorded in the accompanying samples. both departments have an employee who is 22 years old. based on the z-scores you calculated above, would it be more likely for the development or marketing department to have a 22 year old employee? select the correct answer below: A. a 22 year old employee would more likely be found in the development department, because the absolute value of the z-score for development is less than for marketing. B. a 22 year old employee would more likely be found in the development department, because the absolute value of the z-score for development is greater than for marketing.
C. a 22 year old employee would more likely be found in the marketing department, because the absolute value of the z-score for development is less than for marketing. D. a 22 year old employee would more likely be found in the marketing department, because the absolute value of the z-score for development is greater than for marketing.
The absolute value of the z-score is greater for the Marketing department, it is more unusual to have a 56-year-old employee in the Marketing department.
Development z-score: 1.05
Marketing z-score: 0.37
To calculate the z-score, we use the formula:
[tex]z = (x - μ) / σ[/tex]
where x is the value (in this case, 56), μ is the mean, and σ is the standard deviation.
For the Development department, the mean is (49+51+22+23+24+28+32+56+25+44+29+47)/12 = 35.92 and the standard deviation is 12.99.
For the Marketing department, the mean is (48+38+30+33+29+56+25+44+29+47+56+51)/12 = 38.5 and the standard deviation is 10.72.
So for the Development department, the z-score is:
z = (56 - 35.92) / 12.99 = 1.05
And for the Marketing department, the z-score is:
z = (56 - 38.5) / 10.72 = 1.63
Since the absolute value of the z-score is greater for the Marketing department, it is more unusual to have a 56-year-old employee in the Marketing department.
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An experiment requires participants to quickly determine if a target is present. Which of the following tasks is likely to produce the longest reaction time?
Identifying a blue vertical line in a field of red vertical lines
.
Identifying a red vertical line in a field of small red circles and blue horizontal lines
.
Identifying a red vertical line in a field of red horizontal and blue vertical lines
.
Identifying a small red circle in a field of medium and large red circles
Identifying a red vertical line in a field of red horizontal and blue vertical lines
Because it needs more processing time and visual search than the other alternatives, participants are likely to take the longest to react while searching for a blue vertical line within a field of red vertical lines
A line that is vertically oriented and has the colour blue is referred to as a "blue vertical" in terms of aesthetic features. One of the fundamental colours of the additive colour system, which is used in digital displays and colour printing, is the blue hue of the line, which is generally connected to a particular wavelength of light. In a two-dimensional coordinate system, a line that is vertically oriented is one that is parallel to the y-axis and perpendicular to the horizontal axis. A number of disciplines, including computer graphics, vision science, and the arts, may find use for the idea of blue vertical.
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Identify which of the following are permanent and which are temporary accounts and drag them to the correct section below ITEMS CASH AND CASH EQUIVALENTS COST OF GOODS SOLD SALES REVENUE RENT EXPENSE RENT PAYABLE INVENTORY CATEGORY Temporary Accounts Permanent Accounts
The answer is The items under nominal account are- Rent expense, cost of goods sold, sales revenue.
The items under Real accounts are- cash and cash equivalents, rent payable and inventory.
What is an example of a nominal account?Nominal accounts are those that are connected to and connected to gains, losses, expenses, and income. Examples include a sales account, a salary account, a commission account, etc. Profit or loss, depending on the nominal account's outcome, is ultimately transferred to the capital account.
That which is not a nominal account?In contrast to nominal accounts, a bank account is an example of a personal account. All accounts pertaining to an individual, a business, or a corporation are referred to as personal accounts. Therefore, a personal account is an example of a bank account.
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under ______ , a lessee remeasures the variable lease payments that depend on an index or rate whenever there is a change in the cash flows resulting from a change in that index or rate; however, under _____ a lessee only remeasures the variable lease payments that depend on an index or rate when the lessee remeasures the rou asset and lease liability for other reasons.
Under the fair value option, a lessee remeasures the variable lease payments that depend on an index or rate whenever there is a change in the cash flows resulting from a change in that index or rate; however, under the modified retrospective approach, a lessee only remeasures the variable lease payments that depend on an index or rate when the lessee remeasures the rou asset and lease liability for other reasons.
Under the modified retrospective approach, the lessee should reassess the lease liability and right-of-use asset at the beginning of each reporting period, and also if there is a change in the lease term, a change in an assessment of the discount rate, or a change in an index or rate used to calculate lease payments.
As such, the lessee should remeasure the variable lease payments that depend on an index or rate whenever any of the aforementioned changes occur.
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the (adjusted/unadjusted) trial balance is prepared by combining the adjustments in the adjustments columns with the balances for each account listed on the (adjusted/unadjusted) trial balance.
The adjusted trial balance is prepared by combining the adjustments in the Adjustments columns with the balances for each account listed on the unadjusted trial balance.
What exactly is a modified trial balance?After any adjustments have been made, the general ledger account balances are listed in an adjusted trial balance. Prepaid and accrued expenses, as well as non-cash expenses like depreciation, are typically included in these adjustments.
What is a Trial Balance with No Adjustments?Before any adjusting entries are made to the balances in order to produce financial statements, the general ledger account balances are listed as the unadjusted trial balance at the conclusion of a reporting period.
What is a journal entry for adjustment?An entry made at the end of a reporting period to reflect unrecognized transactions is called an adjusting journal entry. This frequently applies to the accounts for unearned revenue, prepaid expenses, accrued revenue, and accrued expenses.
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Which of the following items would be correct adjustments to net income to arrive at cash flows from operating activities, using the indirect method? (Correct all that apply.)
1. Subtract increase in wages payable.
2. Subtract increase in inventory.
3. Add increase in accounts receivable.
4. Add increase in accounts payable.
The items that would be correct adjustments to net income to arrive at cash flows from operating activities, using the indirect methodare:
2. Subtract increase in inventory.
4. Add increase in accounts payable.
What is adjustments to net income?Adjusted net income is the reported profit or loss of a company that has been changed by a potential buyer to reflect the net income that buyer can anticipate if it purchases the company. This idea is applied to arrive at a purchase price to present to the business owners.
The amount obtained by subtracting the non-cash expenses (i.e., depreciation and exchanges) from (1) less the adjusted net profit is the adjusted net profit in the case of partial or modified absorption accounting policies (2). Any one-time revenue or expense components, (1) plus interest expense, (2) equals adjusted net profit.
Therefore, option 2 and 4 are correct.
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