Solaris, Inc. has 2000 shares of 5%, $10 par value, cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock

Answer: advantageous

Explanation:

A salesperson's salary would be classified as c) a period cost when determining the cost of a manufactured product.

Period costs are costs that cannot be capitalized on a company's balance sheet. That is, they are expensed in the period in which they are incurred and appear on the income statement. Period costs are also known as period costs.

Other examples of period costs include marketing expenses, rents (not directly tied to manufacturing facilities), office depreciation, and indirect labor costs. Interest expense on company debt is also classified as a period expense.

The question is incomplete. Please read below to find the missing content.

A salesperson's salary would be classified as _____ when determining the cost of a manufactured product.

a) a direct cost

b) an indirect cost

c) a period cost

d) none of the above

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The Correct Answer is (c) Only employees of a particular skill (craft union) or work (industrial union) which is Option C.

Craft unions organize workers along occupational lines and Industrial unions join everyone who works for one employer, or one industry, into one union

The certification process formalizes the collective bargaining relationship. Once a union is certified for a group of employees, the union becomes their exclusive bargaining agent. Unless the bargaining unit is later decertified, the employer is required to bargain in good faith to reach a collective agreement.

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Correct Question - The certified union for a bargaining unit is granted an exclusive right under the NLRA to represents

A) All non-management employees within the company

B) All union employees

C) Only employees of a particular skill (craft union) or work (industrial union)

D) All employees in that unit, union, or nonunion

In John F. Kennedy and George H.W.'s managerial style, the foreign policy process is treated as an open market or exchange of ideas.

Kennedy's foreign policy changed into domination by using American confrontations with the Soviet Union, manifested via proxy contests within the international state of hysteria called the bloodless war. Like his predecessors, Kennedy adopted the coverage of containment, which was supposed to stop the unfolding of Communism.

Kennedy did have one triumph of overseas policy: the Cuban Missile Crisis of 1962, the closest the sector has come to nuclear struggle.

After many long and difficult conferences, Kennedy determined to area a naval blockade, or a ring of ships, around Cuba. The purpose of this "quarantine," as he knew it, changed to prevent the Soviets from bringing in more army materials. He demanded the elimination of the missiles already there and the destruction of the websites.

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The body of a direct request letter should request action with an end date.

Direct Request Letter- A petition filed by an individual in a tribunal of this state in a case involving an obligee, an obligor, or a child is referred to as a direct request. In business letters, you can ask for information or a specific action. Learn how these direct request letters are structured so you can effectively convey your goals and get the results you want.
Gather information about your request.
Form an outline
Identify yourself
Make your demand
Give a justification for the request.
Offer to supply extra details
Thank you for your time, and end the letter.
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At the point of notice that a convenience store is being built a block from their home, they can request an injunction from the justice of the peace court.

Most developers often place restrictions on the use of all lots in a subdivision as a general plan for the benefit of all lot owners.

Because of this, the placed restrictions give each lot owner the right to apply to a justice of the peace court for an injunction to prevent a neighboring lot owner from violating the recorded restrictions.

If the injunction is granted, the court directs the violator to stop or remove the violation.

Hence, at the point of notice that a convenience store is being built a block from their home, they can request an injunction from the justice of the peace court.

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Milton Friedman argued that the federal reserve should adopt a monetary growth rule to reduce fluctuations in real GDP, employment, and inflation.

Monetary growth is Increased money supply in the economy: Money supply growth has been high in the last two years, boosted by high exports.

Monetary definition refers to money or currency. A system that pays with dollar bills and other banknotes is an example of a monetary system. Of national currencies or coins, or related to them.

Due to the difficulty of exchanging goods and services, barter systems have been an obstacle to the division of labor and specialization between individuals, which are important factors in increasing productivity and economic growth.

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The amount of track improvement cost that should be allocated to the Western Division is  $3,200,000.

The amount that should be allocated to Western Division is a function of the miles travelled on the Western division.

The amount to be allocated to Western Division : (miles travelled on Western division / total miles travelled) x cost of the revision

The amount to be allocated to Western Division : (800,000 / 2,000,000) x 8,000,000  = $3,200,000

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The direct method of cashflow is one that lists the operating cash receipts and subtracts operating cash payments.

This cashflow method determines the changes in cash receipts and payments that are reported in the cash flow from the operations section.

Hence, the method method of cashflow is one that lists the operating cash receipts and subtracts operating cash payments.

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The negotiation is process is defined as the give-and-take process between two or more parties aimed at reaching an agreement.

Negotiation is a strategic discussion that resolves an issue in a way that both parties find acceptable. In a negotiation, each party tries to persuade the other to agree with his or her point of view.

Examples of negotiations include: Negotiating with a customer over the price and terms of a sale. Synonyms for negotiation. accommodation, compromise, concession, give-and-take.

Some of the most common Negotiations are distributive negotiation, integrative negotiation, team negotiation, and multiparty negotiation.

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The equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method is equal to 144000 (conversion) & 128000 direct material.

DESCRIPTION                                    DIRECT MATERIAL     CONVERSION

Transfered out unit (100% complete)      120000                      120000

ENDING INVENTORY

 Material = 40000 * 20%                              8000                     24000

concersion - 40000 * 60%

EQUIVALENT UNITS                                    128000                   144000

Conversion percentage is the method of the percentage into whole number i.e conversion cost.

Average method referred to as the weighted average fee technique, the common-cost approach is an accounting formula used whilst calculating inventory price. This figure is reached by way of dividing the entire fee of products by means of the total variety of products over a particular accounting cycle.

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Option B. marginal.

The average fixed cost decreases as performance improves. Multiple choice problem. The total or production volume of a particular product or service produced. Total output per unit of work.

Marginal production cost measures the change in the total cost of a product due to the production of one additional unit of that product. Marginal cost (MC) is calculated by dividing the change in total cost (C) (Δ) by the change in quantity (Q).

Marginal cost is calculated by dividing the change in total cost by the change in quantity. Suppose Company A produces 100 units at a cost of $ 100. The company will then produce another 100 units at a cost of $ 90. Therefore, the marginal cost is a change in total cost, which is $ 90.

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The function of financial management and its financial managers must understand tax regulations because:

- businesses want to minimize taxes

- they must consider the tax implications of major decisions

What is tax regulation?

Tax regulation means laws, guidelines or prospective tax laws with tax impact or revenue reduction impact on the firm financials.

The financial managers need to understand taxes as well its different types because they are also saddled with the responsibility of keeping taxes as minimum as possible in order to maximize the profit or the bottom-line of the company

Also, they need to consider the tax impact of major financing, investing or dividend decisions so as to ensure the performance of the keeping by a way of increasing shareholders' value is not sacrificed.

In essence, the finance managers must keep an eye on tax laws because the taxes must be keep at the minimum and also there is a need to consider taxes on major company's future decisions

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After a person has replaced the system board on an HP workstation, and a customer asks them to reconfigure the hardware RAID, the next step will be to:

To reconfigure the hardware RAID, the first step will be to enable RAID in the computer's basic input and output system. The BIOS contains vital information that can be followed when trying to set up computer hardware.  

The person who wants to reconfigure the hardware will see the RAID setup tab on the storage system. After clicking on this, they can OK RAID configuration and the action is applied as desired.

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A cancelled cheque is one in which two parallel lines are drawn across the layout which can be retained upon the demand of the customer from the bank or a copy of it by charging a minimal fee from the customer.

Some exceptions include reproduction of cheques or their retainment for five years including the cheque types maybe of $ 100 or less.

The moment cash is drawn , the bank immediately marks it as cancelled which means the payment has already been made using the cheque and cannot be further used again to withraw any additional amount using the same customer account.

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Credit union is a financial institution owned by the account holders

What is payday lending shop?

This is a store which could be a physical or an online store that lends to individuals in expectation of their payday because such borrowings would be repaid from their next pay which could be salaries, pensions or social security payments, which means there is a difference between lenders and borrowers.

What is a commercial bank?

These are financial institutions that are owned by shareholders whose capital requirement demands that stocks be sold since it is usually huge.

What is a credit union?

This is a small-scale bank or financial institution owned by its customers that patronize it, in other words, the owners and customers are one and the same.

What is check cashing outlet?

This is an arm of the major banks that enables beneficiaries of checks to turn them to cash without the need to visit a full-fledge bank hall.

In essence, option c is the most appropriate in this case.

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This approach by trainers at Lako Systems trying to maximize the transfer of learning by demonstrating processes on the manufacturing floor rather than just describing them is known as Transfer of training.

Applying knowledge and abilities learned during training to a specific job or role is known as transfer of training.  

Transfer of training, for instance, happens when a worker applies the safety habits they learned in the classroom to their workplace.

The theory of transfer of training describes the positive, zero, or adverse performance results of a training program. It is a specific application of the theory of transfer of learning.

Many firms now strive to achieve the positive transfer of training, or the improvement in work performance attributable to training.

 Training methods, workplace dynamics, and trainee characteristics all play a role in achieving this objective of positive transfer.

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This is true that a review of BluTech's selection procedures revealed that these procedures have yielded comparable data over a period of time. According to this review, the procedures used by BluTech would be considered valid.

The process of choosing and shortlisting the best applicants with the required credentials and skill set to fill open positions in an organization is known as the selection process. Industry, company, and even departments within the same company all have different selection procedures.

The process of selection is crucial since bringing in qualified personnel can improve an organization's performance as a whole. On the other hand, if a bad recruit results from a poor hiring procedure, the work will be impacted and the expense of replacing that bad resource would be expensive.

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All of the following are true about General Data Protection Regulation (GDPR) except: b.GDPR does not cover EU employees

General Data Protection Regulation is a regulation which laydown rules and regulations a person or an individual who want personal data or information from a person who based in European Union must follow.

Hence, the following are true about General Data Protection Regulation:

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Negative net profit $2,000 to be reported in the profit or loss statement. also this will be reported as current years retained earnings this negative figure will lower the previous retained earnings balance.

Revenue is the amount that an organization receives for the goods sold or services provided, the revenue is the core reason for the company to exist, revenue is generated and paid by the customers of the organization.

It is highly followed that the expenses of a company is lower than the revenue it generates. However in the given question Larry seems to be the sole trader and that is why he is paying the salary to himself.

The loss is calculated as

Gross profit is calculated first as

revenue - Cost of goods sold i.e $25000 - $7000 = $18000

then net loss = Gross profit - Administrative expenses  i.e $18000 - $20000 = -$2000.

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Users of managerial accounting information include managers, engaged employees, lenders, and investors.

Accounting , also known as, is the measurement, processing and transmission of financial and non-financial information about economic entities such as firms and enterprises. Accounting, called the "language of business", measures the results of an organization's economic activities and communicates that information to various stakeholders such as investors, creditors, managers and regulators. Accounting practitioners are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.

Accounting can be divided into several areas such as financial accounting, operational accounting, tax accounting and cost accounting.

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On October 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to record the day’s credit transactions include a  credit of $3,300 to Sales.

The term "credit sale" refers to the transfer of ownership of goods and services to a customer where the amount due is paid at a later date. In other words, a credit sale is a purchase resulting from the customer not paying in full at the time of purchase.

For example, if a parts company sells its widgets to a customer on credit and the customer agrees to pay for one month,  the parts company will essentially provide offer the customer an interest-free loan  equal to the purchase amount. Your credit sales journal entry will debit your accounts receivable with the amount credited by the customer.

Additionally, you will credit the sales tax payable and the revenue account. Selling credits are payments that are not made until  days or weeks after  product delivery. Short-term credit agreements appear on a company's balance sheet as accounts receivable and are different from immediate cash payments.

There are three main types of sales transactions: cash sales, credit sales, and prepaid sales. The difference between these purchases is simply when the money is received.

1. Cash sales: Cash is collected when a sale is made and the goods or services are delivered to the customer.

2. Sales on credit: The customer has a period  after the sale is made to pay the seller.

3. Prepaid Sales: The customer pays the merchant in advance before the sale is made.

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Job enrichment means improving or increasing with the help of upgrades and development, and job enrichment means adding tasks to increase workload.

Job Enrichment expands the range of jobs you can achieve and the skills you can develop. This makes work more exciting and interesting and brings diversity, challenge, and depth to everyday life. A fulfilling job gives you more freedom, independence, and responsibility.

The definition of job expansion is to add additional activity within the same level to an existing role. This means that people are doing more and more different activities in their current job.

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More than one-third of the revenues in the Texas budget each year come from federal dollars that flow into the state to be primarily used in areas that include grants, payments, and reimbursements.

The Texas budget includes federal funds for programs for public assistance. Direct payments to people from the federal government. Vendor payments for completing federal contracts wages given to federal workers who are employed in the state.

Tax receipts, license fees, federal assistance, and investment returns provide for the majority of revenues. Spending on government salaries, transportation, infrastructure, public assistance, public pensions, education, Medicaid, and  corrections are a few examples of expenses.

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fewer; less

Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.

A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.

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A directive from upper management stating that all employees must wear an id badge at all times is an example of Security plan.

A formal document that summarizes the security demands placed on an information system and details the security measures already in place or being considered to meet those demands.

Daily procedures, precautions, and protocols for dealing with certain circumstances should all be included in a security strategy. Detention or disappearance related to security, security management, etc. The specific circumstance protocols will function more effectively the more frequently daily regulations and measures are put into place.

An organization can be positioned to minimize, transfer, accept, or avoid information risk connected to people, processes, and technologies with the use of an information security strategic plan. A well-established plan aids the business in protecting the privacy, accuracy, and accessibility of information.

Hence, this is an example of security plan.

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The ability to create a good or service at a lower opportunity cost than any other producer is known as a comparative advantage. So, the response is OPTION 'A'.

Comparative advantage is the capacity of an economy to produce a particular good or service at a lower opportunity cost than its trading rivals.

When evaluating multiple production options, opportunity cost is a new factor to take into account when applying the concept of comparative advantage.

The principle of comparative advantage states that countries will trade with one another and export goods in which they are more competitively positioned.

The natural resources and labor force of a nation may be misused if only its comparative advantages are taken into account.

A nation's unquestionable capacity to produce a specific good more successfully is referred to as absolute advantage.

Hence, OPTION 'A' is the correct answer

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A $1500 check written for supplies was journalized and posted as $150. the entry to correct this error is debit equipped  $1350, credit cash $1350.

Supply is the amount of resources that firms, producers, workers, providers of financial assets, or other economic agents are willing to offer to markets or individuals. Supplies can be products, labor, raw materials, or other rare or valuable items.

Supply is the basic economic term for the total amount of a particular good or service available to consumers. Supply can refer to the quantity available at a particular price or the quantity available across the price range displayed on the chart.

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There are five steps in the KPMG Professional Judgment Framework

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