Working papers are commonly split into two separate files to help keep information organized and easily accessible. These files are known as the "source file" and the "working file".
The source file contains all of the original data and information that is collected and used in the work. This file typically contains raw data, as well as any supporting documents or research materials that have been used in the process.
The working file is where the actual work is done. This file typically contains processed data and intermediate results, as well as any charts, graphs, or tables that are being used to present the data.
By separating the working files into two distinct files, researchers are able to keep their original data and information separate from the results of their analysis. This helps to ensure that the data remains accurate and unaltered, and provides a clear record of the work that has been done.
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which of the following statements is correct? a. if duopolists successfully collude, then their combined output will be less than the output that would be observed if the market were a monopoly. b. the logic of self-interest decreases a duopoly's price below the monopoly price, and it pushes the duopolists to reach the competitive level of output. c. if duopolists successfully collude, then their combined output will be equal to the output that would be observed if the market were a monopoly. d. the logic of self-interest increases a duopoly's level of output above the monopoly level, and it pushes the duopolists to reach the competitive price.
In the event that duopolists conspire, they will want to maximize their combined profit, which is only feasible when monopolist output is generated. The correct option is C.
What Is a Monopolist?
An individual, group, or business that completely dominates the market for a specific commodity or service is known as a monopolist. A monopolist is likely to support legislation that strengthens monopolies since it provides them more authority. Due to the lack of competition, a monopolist has no motivation to develop their product. Instead, they are driven by a desire to preserve the monopoly. Being the only or dominating player in a market is not always unlawful, but it may result in government penalties if the monopolist's actions start to severely restrict the free market. By implementing antitrust laws, which limit monopolies and shield consumers from exploitative business activities, the US government controls unfair competition.
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your organization has been looking to increase the market share of its high-end smart phone products. you have an idea that may provide a solution to this problem. he tells you that you will need to write a business case before they will look at your idea any further. which item will you need to include in your business case? answers a. a framework that supports your organization's strategic goals b. a document used for defining the initial intention of the project. c. a progressive elaboration of the characteristics of the product. d. a return on investment (roi) study
The correct answer is (d) a return on investment (ROI) study.In addition to a return on investment (ROI) study, it is also important to includes some important case.
a. A framework that supports your organization's strategic goals: This will help to align your proposed idea with the overall objectives of the company and demonstrate its potential to contribute to its success.
b. A document used for defining the initial intention of the project: This should clearly state the purpose and goals of your proposal, including what you hope to achieve and how it will benefit the organization for its return on investment
c. A progressive elaboration of the characteristics of the product: This will provide a detailed description of your proposed product, including its features, benefits, and how it will differentiate from the competition. This will help to convince stakeholders that your idea has the potential to be successful in the market.
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on september 20, 2019, upon delivery of the helmets from the supplier and the payment of the balance due, how should the transaction be recorded in sanford’s financial accounting system?
Debit inventory $20000 credit cash $15000 credit advance to suppliers $5000. Financial accounting serves as the framework for preserving financial records and details the protocols, standards, and benchmarks to be followed.
Financial accountants are employed by nonprofit organisations, corporations, and small businesses to prepare their books of account and produce their financial reports. For example, investors or sponsors must confirm an account statement before showing interest in cooperating with the company. A business's financial transactions are summarised, analysed, and reported in the area of accounting known as financial accounting. Financial statements must be created in this and made available to the public.
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The inventory data for an item for November are:Nov. 1 Inventory 20 units at $194 Sold 10 units10 Purchased 30 units at $2017 Sold 20 units30 Purchased 10 units at $21Using a perpetual system, what is the cost of the merchandise sold for November if the company uses FIFO?a. $600 b. $590 c. $580 d. $610
As per the given data the correct alternative is option c. $580
FIFO (First-In, First-Out) is a method of accounting for inventory that assumes the first items purchased are the first items sold. To calculate the cost of the merchandise sold in November, we need to track the cost of each unit of inventory as it is purchased and sold.
For November:
On Nov. 4, 10 units were sold at a cost of $19 each for a total of 10 x $19 = $190.
On Nov. 17, 20 units were sold. Of these, 10 units were from the first purchase (20 units at $19) and
the remaining 10 units were from the second purchase (30 units at $20). So, the cost of the 20 units sold would be 10 x $19 + 10 x $20 = $390.
Thus, the cost of merchandise sold for November would be $190 + $390 = $580.
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Being financially secure involves balancing what you earn with _____________.
Being financially secure involves balancing what you earn with what you spend. It is because if we have a good financial plan, we can achieve financial secure.
In the term of financial economic, a financial plan generally can be defined as a comprehensive evaluation of an individual's current pay and future financial state. We can estimate the financial plant by using current known variables to predict future income. In the other hand, an asset values and withdrawal plans also can be used to predict the financial planning.
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the term values can be defined as
Values are a guiding force in a person's life and can influence their attitudes, behaviors, and decision-making.
Values are often shaped by a combination of factors, including family background, personal experiences, cultural influences, and religious beliefs. Values can be divided into two broad categories: personal values and cultural values. Personal values are individual beliefs that are unique to each person and can vary widely from person to person. Examples of personal values include honesty, compassion, and responsibility. Cultural values are values that are widely shared by a particular culture or society and are often considered to be universal. Examples of cultural values include respect, freedom, and equality. Values can have a significant impact on a person's behavior and decision-making. For example, a person who values honesty may be more likely to speak the truth, even when it is difficult, and may avoid activities that they perceive as unethical or dishonest. Similarly, a person who values responsibility may be more likely to take on additional responsibilities at work or in their personal life, and may be more likely to fulfill their obligations. Values can also influence a person's relationships with others. For example, a person who values compassion may be more likely to help others, offer support, and engage in volunteer work. Conversely, a person who values independence may be more likely to prioritize their own needs and goals, and may be less likely to seek help from others. In conclusion, values are a crucial aspect of a person's identity and can have a significant impact on their behavior, decision-making, and relationships with others.
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during the period from october 13, 2008 to october 15, 2013 ford stock price rose from $2.43 per share to $16.97 per share. over this time period, ford paid dividends totaling $0.50 per share. calculate the holding period return for ford over that time period. group of answer choices
Given the answer choices, the closest answer for the holding period return (HPR) is b) 598.35%.
How do you calculate the holding period return?
In order to determine the holding period return (HPR), it is necessary to take into account both capital gains and dividends. Following are the steps to compute the HPR:
HPR is calculated as (Starting Price - Total Dividends Paid - Ending Price) / Starting Price.
Price at Start: $2.43
Final Cost is $16.97.
Dividends received total = $0.50 * shares held (assuming the dividends were reinvested)
HPR is calculated as ($16.97 + $0.50 * Shares Held - $2.43) / $2.43.
Because the number of shares held is not specified, it is impossible to determine the precise HPR. The HPR of several investments holding the same number of shares may still be compared using this calculation.
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Complete Question:
During the period from October 13, 2008 to October 15, 2013 Ford's stock price rose from $2.43 per share to $16.97 per share. Over this time period, Ford paid dividends totaling $0.50 per share. Calculate the Holding Period Return for Ford over that time period. Group of answer choices given: a. 618.93% b. 598.35% c. 6.19% d. 88.63%
JPhone, Inc. , has an equity multiplier of 1. 39, total asset turnover of 1. 59, and a profit margin of 11 percent. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )
24.31% represents the ideal choice. Profit Margin x TATO x Equity Multiplier equals 1.39 x 1.59 x.11 in the formula.
Financial managers can tell if a company's asset composition is changing by looking at a widely accepted balance sheet.
Whenever dividends outpace net revenue for sometime, the book value of owners' ownership may fall, all things being equal.
Your possessions are your assets when you're able to exchange them for cash. Any commodity that even a business manages or has control over is regarded as an asset in accountancy. Whatever can be sold for currency qualifies.
Current assets less current obligations equals net working capital. The income statement seems to be the accounting document that tracks a company's cumulative sales, costs, and operating earnings.
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What one preliminary negative conclusion might a critic of the system highlight? Again, make sure this conclusion is not simply an observation. Also cite the data used to support the conclusion.
One common criticism of the system is its potential to perpetuate existing inequalities. This conclusion is drawn from the evidence of unequal distribution of resources and opportunities within the system, leading to unequal outcomes for different individuals and communities.
This conclusion is supported by data showing persistent disparities in education, income, and access to healthcare, among other factors. For example, studies have found that students of colour and those from low-income families are less likely to have access to high-quality education and are more likely to drop out of school. This can lead to limited job opportunities and reduced earning potential later in life.
Additionally, research has shown that marginalized communities often receive lower quality healthcare and have limited access to preventative services. This can result in poorer health outcomes and increased health disparities.
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Which of the following is NOT a key characteristic of a model-based enterprise?A) Drawings are used as a basis of communicationB) Models are used for machiningC) Sales people can access model data to communicate with customersD) Service engineers can access design model information to help with repairs
The following is NOT a key characteristic of model-based enterprise: A) Drawings are used as a basis of communication.
The Model-Based Enterprise (MBE) program aims to answer how a manufacturer can match product needs to process capabilities to determine the best assets and ways to produce products to support U.S. industry's competitiveness and address industry's need for interoperability across decentralized systems.Significant benefits for manufacturers include reduced time to market and savings in production costs from improved tool design and fabrication, fewer overall assembly hours, less rework, streamlined development and better collaboration on engineering changes.
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list three expense accounts related to payroll. describe when you would expect the account to be cleared to zero. explain the methods you could use to reconcile these accounts.
Payroll is an essential component of a business's financial operations and involves paying employees for their work. There are several expense accounts related to payroll, including employee benefits, payroll taxes, and wages and salaries.
Employee Benefits: Employee benefits are expenses related to providing benefits to employees, such as health insurance, life insurance, and retirement plans. These expenses are usually recorded as a separate expense account in the financial statements and can be substantial for businesses with many employees.Payroll Taxes: Payroll taxes are taxes that are levied on an employer's payroll, including Social Security and Medicare taxes, federal unemployment taxes, and state unemployment taxes. These taxes are typically recorded as a separate expense account in the financial statements.Wages and Salaries: Wages and salaries are the costs associated with paying employees for their work. This account typically includes regular salaries, overtime pay, and bonuses.In general, these expense accounts should be cleared to zero at the end of each financial reporting period, typically on a monthly or yearly basis. This helps to ensure that the financial statements are accurate and up-to-date and that the accounts are reconciled and balanced.
To reconcile these accounts, you could use a variety of methods, including comparing the payroll records to the general ledger, reviewing employee pay stubs, and comparing the payroll tax returns to the payroll tax accounts.
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A realty company looks at a recent sample of houses that have sold. On testing the null hypothesis that 56% of the houses take more than three months to sell against the hypothesis that more than 56% of the houses take more than three months to sell against the hypothesis that more than .014. Which answer is appropriate?
A. There is a 1.4% chance the null hypothesis is correct.
B. There is a 1.4% chance that 56% of the houses take more than 3 months to sell.
C. If 56% of the houses take more than three months to sell, there is 1.4% chance that a random sample proportion would be as high as or higher than the one they obtained.
D. There is a 96.8% chance that 56% of the houses take more than 3 months to sell.
The correct response is C. If 56% of the houses take more than three months to sell, there is 1.4% chance that a random sample proportion would be as high as or higher than the one they obtained.
Numerous challenges in daily life can be solved with proportion, including those in business when handling transactions or in the kitchen, among other situations. It creates a connection between two or more values, making it easier to compare them. In the actual world, ratios and proportions are used by individuals in a variety of settings and contexts. To manage finances and shop, one uses ratios and proportions. Additionally, they are employed in value comparison. When two variables' ratios are equivalent, proportional relationships between them emerge. Another way to consider them is that in a proportionate relationship, one variable is consistently equal to the other's constant value.
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Given forecast errors of -4, 4, 6, and -3, what is the mean absolute deviation?a. 15b. 5c. None of the aboved. 3e. 9
The correct OPTION C None of the above. The average absolute deviation is four.
1+4+8+3 = 16 \s16/4 = 4
The mean absolute deviation is intended to provide a measure of the model's overall forecast error. This is accomplished by adding the absolute average values of the individual forecast errors and dividing by the number of data periods. In this instance, Calculate the mean for the given set of data. Find the difference between each data point's value and the mean to deviation the absolute value. Find the mean of all the absolute values of the deviation from the mean that the data set's absolute deviations represent (MAD).
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assume 12 percent annual interest is compounded semiannually on a $500 investment. what will that investment be worth after 1 year? multiple choice question. $560.00 $564.20 $559.15 $561.80
that investment be worth after 1 year $561.80 =[tex](500*(1.06)^2)[/tex].
Compound interest, also known as interest on principal and interest, is the practise of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.
In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time.
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What Can You Contribute to the Company?
The contribution to the Company is describe concrete examples of how effective you were in previous roles, improvements you introduced, and goals you met. Discuss the breadth and depth of your connected experience.
What is contribution to the company?My ability to simplify office operations is something I can provide. For example, I created a new approach for arranging customer appointments that resulted in an 85% reduction in scheduling mistakes. Not only would I like to use this strategy, but also my other organizing talents, to this position at your firm.
Contribution is the amount of earnings left over after deducting all direct expenditures from revenue. This sum is available to pay for any fixed expenditures incurred by a firm within a reporting period.
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institutions that bring buyers and sellers together so they can interact and transact with each other are called:
These institutions are commonly known as marketplaces. A marketplace is a platform where buyers and sellers can come together to exchange goods and services.
The primary purpose of a marketplace is to facilitate transactions between buyers and sellers by providing a common platform for communication and exchange. The platform enables buyers to search for the products or services they need, compare prices and quality, and then make a purchase. On the other hand, sellers can use the platform to showcase their products or services, reach a larger customer base, and grow their business.
There are different types of marketplaces, including online marketplaces, brick-and-mortar marketplaces, and virtual marketplaces. Online marketplaces, such as Amazon and eBay, operate primarily on the internet, allowing buyers and sellers to interact and transact with each other from any location. Brick-and-mortar marketplaces, like shopping malls and bazaars, provide a physical location where buyers and sellers can come together to transact. Virtual marketplaces, such as Second Life, allow users to buy and sell virtual goods and services within a virtual world.
Marketplaces provide several benefits for both buyers and sellers. For buyers, marketplaces provide a convenient and efficient way to search for and purchase products or services. They also offer access to a wider range of products and services and enable price comparisons. For sellers, marketplaces provide a platform to reach a larger customer base and grow their business. They also help to reduce marketing and advertising costs and simplify the process of selling goods and services.
In conclusion, marketplaces play a crucial role in the economy by bringing buyers and sellers together and facilitating transactions. The platform provides a convenient and efficient way for buyers to search for and purchase products and services, while also helping sellers reach a larger customer base and grow their business.
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Because Nebraska specializes in the production of corn and Maine specializes in the production of lobsters, the two states could engage in trade that benefits both parties. This law of economics is known as
Question 6 options:
supply and demand
parallel consumption
comparative advantage
relative distribution
Because Nebraska specializes in the production of corn and Maine specializes in the production of lobsters, the two states could engage in trade that benefits both parties. This law of economics is known as comparative advantage.
What is comparative advantage.?Generally, Comparative advantage is an economic concept that describes a country's ability to produce certain goods and services at a lower opportunity cost than other countries.
It is based on the principle that a country should specialize in the production of goods and services that it can produce relatively more efficiently than other countries, thus enabling it to gain a greater economic benefit by exporting those goods and services.
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Which of the following is not true of ADR proceedings? ADR hearings usually arrive at a resolution at a much lower cost than does litigation The jury decision in an ADR proceeding is automatically subject to one appeal The individual conducting the ADR hearing is chosen by the disputing parties themselves in certain instances ADR hearings generally result in much less publicity than does Iitigation. A Moving to another question will save this response.
All of the statements except for the third one are true of ADR (Alternative Dispute Resolution) proceedings. ADR proceedings are typically more cost-effective than litigation, and they often result in a resolution much faster than a traditional court case. Moreover, the decision made in an ADR proceeding is generally final, with very limited opportunities for appeal.
However, the individual conducting the ADR hearing is not always chosen by the disputing parties themselves in certain instances. The process of selecting the ADR practitioner varies depending on the type of ADR being used and the jurisdiction in which the dispute is taking place. For example, in mediation, the parties often choose the mediator, while in arbitration, the arbitrator may be appointed by a neutral organization or selected by the parties through a pre-agreed process.
In conclusion, while ADR proceedings have several advantages over traditional litigation, including lower cost and quicker resolution, the individual conducting the ADR hearing is not always chosen by the disputing parties themselves. This decision is determined by the type of ADR being used and the jurisdiction in which the dispute is taking place.
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Depositing illicit money in a financial institution is an example of?
Depositing illicit money in a financial institution is an example of money laundering.
Money laundering is the process of concealing the origins of illegally obtained money . It is typically done by funneling money through a complex web of transactions in order to obscure the source and make it appear as though the money was obtained through legitimate means.
This can involve creating a series of bank accounts and transferring the money between them, or using a series of sin a financial institution. Companies and payment processors to cover up the origin of the funds.
Money laundering is illegal, and carries hefty fines and jail time in many countries. By depositing illicit money in a financial institution, individuals and organizations are attempting to hide the origin of the funds and make it appear as though the money was earned legitimately.
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Tanner service company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from a beginning balance of $22,500 to an ending balance of $18,800. Accounts payable decreased from a beginning balance of $15,200 to an ending balance of $13,600. Assume that all sales were made on account.
Tanner Service Company's operating activities in 2019 resulted in cash flow of $562,100.
You can compute the change in accounts receivable as follows:
Accounts receivable Change = Beginning Balance - Ending Balance ($22,500 - $18,800 = $3,700).
It is possible to calculate the change in payables as follows:
Change in payables = Beginning balance - Ending balance
= $15,200 - $13,600 = $1,600.
Cash collected from consumers can be computed as follows:
Cash generated from operating activities = Cash collected from customers - Cash paid to suppliers
= $560,000 + $3,700 = $563,700.
Cash paid to suppliers = Change in accounts payable = $1,600 is a formula for calculating the cash paid to suppliers.
As a result, the cash brought in by operating operations can be determined as follows:
Cash from operating activities is calculated as follows:
$563,700 - $1,600, or $562,100, from cash received from consumers and cash paid to suppliers.
Consequently, Tanner Service Company's operating activities in 2019 resulted in cash flow of $562,100.
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before sam quit his job as a hairdresser, he was earning $34,000 per year. he rented an office for $18,000 per year and opened a framing shop. he spends $88,000 per year for labor, materials, utilities, and advertising. how much revenue will the business have to earn in order to break even in terms of business profit? how much revenue will the business have to earn in order to break even in economic terms? suppose that sam buys the building. how will this influence the amount that the business will have to earn in order to break even in economic terms? in accounting terms?
In order to break even in terms of business profit, the business will have to earn a revenue equal to its explicit costs.
Here, explicit costs (required revenue) = $18,000 + $88,000 = $106,000
In order to break even in economic terms, the business will have to earn a revenue equivalent to the sum of its explicit and implicit costs.
Here, implicit costs = $34,000.
Hence, required revenue = $106,000 + $34,000 = $140,000.
If Same buys the building, the rent will no more be a part of the explicit costs, that means the explicit cost will come down to $88,000. In this case, the business needs to earn $88,000 so as to break even in business profit. Purchasing the property has no impact on the point at which economic profit is break-even. This is due to the opportunity cost of the building, which is the revenue Sam could have made if he had rented the building out, despite the fact that Sam does not have to pay for it in terms of rental costs. Rent is still included in the total cost, but it is now considered an opportunity cost rather than an explicit expense.
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The pace of inflation or deflation can be measured using the monthly statistics from the __________ _________ _____________.
The pace of inflation or deflation can be measured using the monthly statistics from the CONSUMER PRICE INDEX.
The client charge Index measures the general exchange in consumer prices based on a representative basket of products and offerings over the years. The CPI is the most widely used measure of inflation, intently observed by using policymakers, monetary markets, agencies, and consumers.
The purchaser fee Index (CPI) includes a circle of relatives of indexes that measure price exchange experienced through urban consumers. in particular, the CPI measures the common trade-in rate over the years of a marketplace basket of purchaser items and offerings. The marketplace basket includes the whole thing from food items to motors to leases.
A purchaser price index is a price index, the fee of a weighted average marketplace basket of purchaser items and services bought with the aid of households. modifications in measured CPI track changes in costs over time.
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Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore §179 expense and bonus depreciation for this problem): (Use MACRS Table 1 and Table 2.)
Asset: Date Placed in Service: Original Basis
1. Machinery: October 25: $70,000
2. Computer equipment: February 3: 10,000
3. Used delivery *truck: August 17: 23,000
4. Furniture: April 22: 150,000
*The delivery truck is not a luxury automobile.
a. What is the allowable MACRS depreciation on Evergreen's property in the current year, assuming Evergreen does not elect §179 expense and elects out of bonus depreciation?
The total allowable MACRS depreciation for the current year is $14,000 + $2,000 + $4,600 + $21,435 = $42,035.
What is the allowable MACRS depreciation on Evergreen's property in the current year?To calculate the allowable MACRS depreciation on Evergreen's property for the current year, we will use the Modified Accelerated Cost Recovery System (MACRS) tables.
Machinery: Placed in service on October 25, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $70,000 x 20% = $14,000.Computer equipment: Placed in service on February 3, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $10,000 x 20% = $2,000.Used delivery truck: Placed in service on August 17, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $23,000 x 20% = $4,600.Furniture: Placed in service on April 22, it belongs to the 7-year property class (MACRS Table 1). Its recovery period is 7 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 14.29%. So, the allowable MACRS depreciation is $150,000 x 14.29% = $21,435.To know more about depreciation visit:
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several stakeholders are in disagreement over the features that must be included within the new product, and what features may not be completely necessary. as the project manager for the project, you have convened a meeting to discuss some possible methods of resolving the problems. you would like the stakeholders to come up with a solution that will allow each party to come to a permanent agreement. the stakeholders come up with a solution that will involve each party giving something up. which conflict resolution method does this best describe? answers a. smoothing b. problem solving c. compromising d. forcing
Conflict resolution of Compromising. When disputing parties agree to give up something, they might then come to an agreement on a solution that incorporates elements of both perspectives. This technique offers a long-lasting resolution and is only somewhat beneficial for partnerships.
What is conflict resolution ?
The process of settling conflicts or differences between two or more parties via negotiation, compromise, or other ways is referred to as conflict resolution. The end objective of conflict resolution is to come to an amicable agreement on a course of action that takes into account the needs and concerns of all parties, resulting in a decision that is fair and long-lasting.
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what is a direct organizational plan
A direct organizational plan is a type of strategic plan that outlines a company's specific actions, tactics, and steps to achieve its goals.
Unlike an indirect organizational plan, which focuses on overall goals and objectives, a direct organizational plan outlines the specific actions that will be taken to reach those goals.
A direct organizational plan typically includes details such as who will be responsible for each action, when the action will be taken, what resources will be needed, and what the expected outcomes will be. The direct plan is the operational level plan that translates the company's strategic goals into concrete and specific actions, and it serves as the roadmap for executing the company's strategy.
The direct organizational plan is important for ensuring that the company stays on track and achieves its goals, as it provides a clear and detailed plan for action that can be used to measure progress and make adjustments as needed.
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what is a direct organizational plan?
Identify an accurate comparison between small businesses and large businesses.
Because they employ a greater number of people, larger companies typically have a rigid hierarchy and a bureaucratic organization. The CEO and board of directors in this hierarchy are in positions of authority that have the most sway over the rest of the hierarchy.
The leadership of many smaller businesses, in contrast, is limited to a small team or a single individual. The larger organizations' more bureaucratic and hierarchical structure is without a doubt one of the most obvious disparities between them and smaller ones. Large organizations are naturally more hierarchical due to the sheer number of their employees. Smaller decision-making teams in small organizations facilitate quicker decision-making. Faster decision-making is frequently associated with disruptive innovation, which can help the small business stand out from its larger rivals.
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Halogen laminated products company began business on january 1, 2024. During january, the following transactions occurred:.
Answer:
Explanation:
1. The journal entries to record each transaction.
Jan. 1 Dr. Cr
Cash $103,000
Common Stock $103,000
Jan. 2 Dr. Cr
Inventory $38,000
Account Payable $38,000
Jan. 4 Dr. Cr
Prepaid Insurance $2,760
Cash $2,760
Jan. 10 Dr. Cr
Account Receivable $12,300
Sale $12,300
Cost of Goods Sold $7,300
Inventory $7,300
Jan. 15 Dr. Cr
Cash $33,000
Note Payable $33,000
Jan. 20 Dr. Cr
Salary Expense $33,000
Cash $33,000
Jan. 22 Dr. Cr
Cash $10,300
Sale $10,300
Cost of Goods Sold $6,300
Inventory $6,300
Jan. 24 Dr. Cr
Account Payable $15,300
Cash $15,300
Jan. 26 Dr. Cr
Cash $6,150
Account Receivable $6,150
Jan. 28 Dr. Cr
Utility Expense $1,000
Cash $1,000
Jan. 30 Dr. Cr
Rent Expense $2,150
Prepaid Rent $2,150
Cash $4,300
2.
MS Excel File is included for T accounts mentioned in Worksheet Named as " T Account". Kindly look into that.
3.
MS Excel File is uploaded for unadjusted trial balance in Worksheet which is Named as " Trial Balance".
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Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: Jan. 1 Issued common stock in exchange for $100,000 cash.
2 Purchased inventory on account for $35,000 (the perpetual inventory system is used).
4 Paid an insurance company $2,400 for a one-year insurance policy. Prepaid insurance was debited for the entire amount.
10 Sold inventory on account for $12,000. The cost of the inventory was $7,000.
15 Borrowed $30,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.
20 Paid employees $6,000 salaries for the first half of the month.
22 Sold inventory for $10,000 cash. The cost of the inventory was $6,000.
24 Paid $15,000 to suppliers for the inventory purchased on January 2.
26 Collected $6,000 on account from customers.
28 Paid $1,000 to the local utility company for January gas and electricity.
30 Paid $4,000 rent for the building. $2,000 was for January rent, and $2,000 for February rent. Prepaid rent and rent expense were debited for their appropriate amounts.
Required:
1. Prepare general journal entries to record each transaction. Omit explanations.
2. Post the entries to T-accounts.
3. Prepare an unadjusted trial balance as of January 30, 2024.
What does spillage refer to quizlet 2023?
spillage. A user writes down important points marked as Secret from a report stored on a categorized machine and makes use of these small print to draft a briefing on an unclassified system except authorization.
What does spillage refer to in cyber protection quizlet?Spillage takes place when facts is "spilled" from a greater classification or safety degree to a lower classification or protection level.
Spillage can be both inadvertent or intentional.
What does spillage refer to cyber awareness?Spillage occurs when statistics is “spilled” from a greater classification or safety level to a decrease classification or protection level.
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a blank is a company made up of entities in more than one nation, operating under a decision-making system that allows a common strategy and coherent policies. multiple choice question.
The term "globalization" refers to the rising interdependence of the economies, cultures, and inhabitants of the world as a result of cross-border trade in products and services, technology, and flows of capital, people, and information.
What is globalization in business?The term "globalization" refers to the rising interdependence of the economies, cultures, and inhabitants of the world as a result of cross-border trade in products and services, technology, and flows of capital, people, and information.Any business that conducts operations across boundaries is referred to as an international business.The exchange of goods and services between nations is what it entails at its most fundamental level.Businesses that are established across several nations from the beginning are known as multinational corporations.Coca-Cola, a company with significant profit-making potential, is a good illustration of this type of enterprise.There is no official definition for globalization, but it can be summed up as the global drive toward social, cultural, political, and economic interconnectedness on all scales.
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an employee to whom a company makes a long-term commitment is considered to be
The correct answer to the question above name of a permanent employee. A permanent Employee is an employee who makes a long-term commitment to the company.
All of the people who are 16 years or older who are employed or who are looking for a job were considered as a workforce. Outsourcing is a human resources term that means removing work from one company and sending it to another company that can complete it at a lower cost. The employment relationship between an employee and a company is ended with a termination.
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