#
1. Review the list below, putting a:
● 1 next to those that are needs for you,
. a 2 next to high priority wants, and
a 3 next to low priority wants.
●
• You can leave some blank if they don't fit into your lifestyle at all
.
Fill in the empty boxes with iterns you value that we haven't included
#
ITEM
ITEM
Trendy clothing
Non-essential beauty/hygiene or
grooming items/services
etc)
Subscriptions (Netflix, Hulu, Spotify,
Ride-sharing or mobility apps (Uber,
Lyft, Bird, Jump)
Vacation/travel
Electronics (video games, phones, etc.)
Out-of-home entertainment
Personal hobbies (membership fees,
equipment, uniforms, clubs or teams, etc)
Professional expenses (employment
resources, online course subscriptions,
membership fees, conference attendance,
etc)
Holiday and other gift giving
Charitable or religious donations
Transportation costs (maintenance, car
payments, insurance, public
transportation)
Cell phone plan
Dining out
Answers
You must think critically to list the products and services that are needed to rank them as high or low priority.
What are essential goods?Essential goods are those products or services produced in the economy that are necessary to meet the basic needs of individuals, such as:
FoodsMedicinesWorking devicesKnowing this concept, we will now relate the items listed by the question as low or high priority products or services:
Trendy clothing: low priorityNon-essential beauty/hygiene or grooming items/services: low prioritySubscriptions or mobility apps: low priorityVacation/travel: low priorityElectronics: high priorityOut-of-home entertainment: low priorityPersonal hobbies: high priorityProfessional expenses: high priorityHoliday and other gift giving: low priorityCharitable or religious donations: high priorityTransportation costs: high priorityCell phone plan: high priorityDining out: low priorityTherefore, identifying consumer goods as high or low priority is also related to the individual's financial condition, income, personal financial planning, financial goals and objectives.
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Related Questions
Prior to Christine day’s arrival. What was the culture or Lululemon?
Help me fast!
Answers
Prior to Christine Day's arrival, the thing that was the culture of Lululemon was that, it was an ordinary athletic wear company.
Christine tends to share lessons from her extraordinary career, while also discussing the importance of a brand's purpose to its employees. So, in an interview with Retail TouchPoints, Bentz who is the CEO of Lululemon who stated that Lululemon "has to sustain its core business, as well as that very committed consumer group."
Here, as a developing company, Lululemon will be moving on to the next phase without Christine Day, and perhaps with one of its most important assets here.
Hence, for Lululemon, Christine Day served as a port in the storm.
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What is the Earned Income Credit (EIC) and how does it work? How does one qualify for this credit?
Answers
The Earned Income Credit (EIC) is a tax credit that could lessen your federal tax liability or give you money back at tax time. No matter if you're single, married, or have kids, you are still eligible for the credit.
The primary prerequisite is that you must have a job that pays money
What is the Earned Income Credit (EIC)?Working low-income families receive assistance through the earned income tax credit. From the first dollar of earnings until the credit is fully repaid, the credit is equal to a fixed percentage of earnings.
Therefore, Any federal taxes you owe at tax time may be cancelled out by the credit. You receive the difference in your tax refund if the amount of the EITC is greater than what you owe in taxes. Even if you don't owe income tax, you may still be eligible for a refund provided you meet the requirements.
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Why is storing inventory considered a "con" for businesses that sell physical products?
A.) Clients end up coming to your home
B.) It takes up a lot of space
C.) It's always a fire hazard
D.) It requires you to rent a storage unit
Answers
Answer:
D
Explanation:
It requires you to rent a storage unit
What are three ways the credit card industry makes money off of custom
Answers
The three ways the credit card industry makes money off of custom is by reward redemption fees, cash processing fees, and cash advance fees.
The credit card companies tend to make money from the credit card cardholders in several ways. Credit card companies make money from interest, processing fees, reward redemption fees, and the fees charged to individual cardholders.
Here, it's not only cardholders who have to pay to use credit cards. The merchants also pay for the privilege in order to accept credit cards at their businesses.
Hence, when a cardholder carries a balance on a credit card, they are typically charged interest in exchange for being able to borrow the money.
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Abey Kuruvilla, of Parkside Plumbing, uses 1,220 of a certain spare part that costs $27 for each order, with an annual holding cost of $25. a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your responses to two decimalplaces). b) What is the economic order quantity?
Answers
The total cost is : $1,630.10, $1,310, $1,283.8, $1,299, $1,579.4 and the economic order quantity is 51.33.
How to find the economic order quantity?Using this formula to find the total cost
Total cost = DCo/Q + QH/2
Where:
D = Annual demand
Co = Ordering cost per order
H = holding cost per item per annum.
Order Size 25
Total cost = (1,220 x $27/25) + (25 x $25/2)
Total cost = $1,317.6 + $312.50
Total cost = $1,630.10
Order Size 40
Total cost = (1,220 x $27/40) + (40 x $25/2)
Total cost = $810 + $500
Total cost = $1,310
Order Size 50
Total cost = (1,220 x $27/50) + (50 x $25/2)
Total cost = $658.8 + $625
Total cost = $1,283.8
Order Size 60
Total cost = (1,220 x $27/60) + (60 x $25/2)
Total cost = $549 + $750
Total cost = $1,299
Order Size 100
Total cost = (1,220 x $27/100) + (100 x $25/2)
Total cost = $329.4 + $1,250
Total cost = $1,579.4
b. Economic order quantity
Economic order quantity = √ 2 × $27 × 1220 ÷25
Economic order quantity = √ 65,880÷25
Economic order quantity =√2,635.2
Economic order quantity =51.33
Therefore the economic order quantity is 51.33.
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Which statement best summarizes the role of households in the flow of
goods?
( B. Households sell products created in product markets.
C. Households act as consumers for goods made by businesses.
product and resource markets.
SUBMIT
O A. Households provide natural resources to businesses.
•
• D. Households trade goods between
Answers
Businesses produce goods that are used by households.
Who are the consumers among households?The final consumers of the goods and services produced by the businesses are the households. According to their tastes and preferences, they create demand in the market. The businesses supplied and produced goods in response to customer demand. As a result, a nation's production line is determined by its households.
What positive effects does a business have on families?To run a business, workers are needed, and business owners, managers, and employees also have families. In return for labor, the business pays wages, which increase household income.
What are five examples of services and goods?Automobiles, household goods, and clothing are examples of goods. Legal advice, housekeeping, and consulting are examples of services. A company's output may fall somewhere in the middle of these two ideas. A landscaping company, for instance, might offer a homeowner a service and sell them a tree as a product.
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One way to ease the burden of managing a business is to hire an outside consultant.
Which of the following is an example of an outside consultant that might be useful
to a small interior design company?
1)
a company to mail its brochures to building contractors within a 200 mile
area
2) an advertising company to design its ad in the local newspaper
3) a certified public accountant to manage its money
4) an attorney who is well-versed in small business law
5) all of the above
Answers
The following is an example of an outside consultant that might be useful to a small interior design company all of the above.
How may the strain of running a business be lessened?Hiring external consultants is one technique to lessen the load of running a corporation. A good certified public accountant (CPA) is essential for almost all small businesses since they can assist with tax planning, financial decision-making, and record-keeping.
What is a business plan used for most frequently?You can recruit new company partners or secure money with the use of a business plan. Investors will feel more assured that they will get their money back if one is in place. Your business plan will be the instrument you employ to convince people that collaborating with you (or investing in your venture) is a wise move.
Who is someone who starts a business at risk in order to make money?An entrepreneur is a person who decides to start their own company based on a concept they have or a product they have developed, taking on the majority of the risks and enjoying the majority of the advantages.
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What is the PEST analysis in the UAE retail industry?
Answers
Answer:
The UAE is one of the richest countries in the world in terms of per capita income. It has made remarkable economic progress over the years and the factors that have mostly contributed to it are abundant natural resources, economic diversification, innovation, and inflow of foreign direct investment (FDI).
Illustrate the effect the quantity change in tomato juice has on the market for tomato
Answers
Tomato demand rises as a result of an increase in sales of tomato juice. Price rises, which raises the surplus of producers.
What effects do price changes have on supply and demand?Two fundamental economic principles combine to form the law of supply and demand, which explains how changes in the price of a resource, commodity, or product affect its supply and demand. Supply rises while demand decreases as the price rises. On the other hand, as the price falls, demand rises while supply decreases.
When prices rise, what happens to demand?This is what economists call the Law of Demand. The quantity demanded decreases when the price rises, but demand stays the same. Quantity demanded rises when the price decreases.
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Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing
variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no
variance.)
Sales (units produced and sold)
Sales (in dollars)
Variable costs
Fixed costs
For Month Ended May 31
Sales
Variable costs
Contribution margin
Fixed costs
Income
Fixed Budget
1,380
$ 1,200 per unit
$ 480 per unit
$ 152,000
LEWIS COMPANY
Flexible Budget Performance Report
Flexible Budget Actual Results
(1,580 units) (1,580 units)
Variances
Actual Results
1,580
$ 1,961,000
$ 799,000
$ 140,000
Favorable/Unfavorable
Answers
Sales were favorable in the given budget.
Variable expenses were unfavorable in the given budget.
Contribution margins were Favorable.
Income was Favorable.
Fixed budget was Favorable.
This is how budget performance would look like.
What is budget performance?
A performance budget is one that reflects both the input of resources and the output of services for each unit of an organization. The goal is to identify and score relative performance based on goal attainment for specified outcomes.
Performance indicators include:
It’s relevanceCost-effectivenessComparabilityRepresentativeHence, this is how budget would be decided on basis of being favorable or unfavorable.
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Which of the following is true regarding implied-in-law conditions?
Answers
Answer:
An implied contract is a non-verbal and unwritten – yet still legally binding – contract that exists based on the behavior of the parties involved or on a set of circumstances. Implied contracts may be implied-in-law or implied-in-fact.
1.) Name two alphabetic arrangements of subject records storage.
2.) Explain how the two arrangements are alike and how they differ?
Answers
Answer:
1.) An alphabetic listing of all subject titles used in the filing system
2.) Titles on the master index are used for filing and retrieving records
Kara categorized her spending for this month into four categories: Rent, Food, Fun, and Other. The
amounts she spent in each category are pictured here.
Food
$356
Other
$533
Rent
$444
Fun
$267
What percent of her total spending did she spend on Food? Answer to the nearest whole percent.
Enter an integer or decimal number [more..]
Answers
27.75% percent of her total spending did she spend on Food for this month .
Total spending = Rent + Food + Fun + Other
= 356 + 444 + 533 + 267
= $1600
Percentage spending on rent can be given as =
= (Money spent on rent)*100 / (Total money spent)
= 444 * 100 / 1600
= 27.75%
Calculating a percentage involves dividing an item by its sum and multiplying the result by 100. (Value/Total Value)100% is the formula used to determine percentages.
A certain portion or quantity in every hundred is referred to as a percentage. The fraction is denoted by the sign "%," and its denominator is 100.
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1.) Why is subject records management considered an indirect filing method?
2.) In your own words, describe the storage and retrieval process for subject filing.
3.) How do the alphabetic and encyclopedic arrangements differ?
Answers
A variant of alphabetic filing called subject filing arranges documents according to subjects or groups rather than by the names of people or companies. Records are organized using numerical filing systems.
Describe the subject filing's storage and retrieval procedure.An alphabetical system of storing and retrieving records by subjects or topics is known as subject records management. Related documents are kept together under designated subject categories using this method.
Finding or locating outdated information, such as legal documents, account records, medical records, or insurance records, can be done through the process of records retrieval. For instance, if you manage a small business, you will produce a lot of data or records for your company or your employees.
How are the encyclopedic and alphabetical arrangements different?
All subjects are listed alphabetically behind A-to-Z primary guides in the dictionary arrangement. The encyclopedic arrangement arranges the primary subjects alphabetically, followed by the subdivisions of the primary subjects in alphabetical order.
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Question 12
What are the tools used to implement fiscal policy?
Answers
The authorities possesses essential economic gear for influencing the economic system. These gear may be divided into spending gear and sales gear.
The required details for Fiscal coverage in given paragraph
Fiscal coverage" refers to selections the U.S. authorities makes approximately spending and gathering taxes and the way those coverage adjustments have an effect on the economic system. When the authorities makes monetary selections, it has to don't forget the impact the ones selections may have on companies, consumers, overseas markets, and different involved entities. Alternate definition: Fiscal coverage additionally refers back to the financial motive at the back of the selections for a way the cash is used. For example, governments can decrease taxes and lift spending to reinforce the economic system if needed; typically, they spend on infrastructure initiatives that create jobs and earnings and social programs.
Or, if the economic system is doing well, a central authority can lessen spending and boom taxes. Businesses create sufficient jobs at those instances so officers can lessen the quantity spent on items and offerings from the personal sector.
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Case study
Cross-Cultural Issues at Marico
Imagine that you have recently been hired as a human resources consultant by a Canadian multinational enterprise (MNE) called Marico. Marico designs, manufactures and sells commercial airplane engines and fuselages worldwide. It currently has over 1,000 employees in its three locations, including 500 at its global headquarters in Canada, 300 at a manufacturing plant in the U.S., and now over 200 at its newest manufacturing plant in Mexico.
The firm is having problems communicating and sharing its corporate values and policies with its newest employees in Mexico. The only experience Marico has had in opening a new subsidiary prior to Mexico was in the U.S., where corporate values and policies were taken up by American employees with little difficulty. The problems in the Mexican plant seem to center around poor communications between the managers, who are mostly Canadian, and its new employees, who are mostly from Mexico.
“We want our corporate culture to be the same everywhere,” explains Marico’s CEO, Mr. John Woods, to you over lunch. “We want everything we do in Canada to be the accepted, standard practice across all of our locations, but that just doesn’t seem to be getting across to our employees in Mexico.” John continues by telling you that all new employees are trained in Marico’s corporate culture via discussions with their managers and corporate brochures/reading materials. He says that his Canadian managers in Mexico are frustrated with the Mexican workers’ abilities to learn Marico’s culture and that, as a result, productivity at the plant has been negatively impacted.
You investigate the issue by speaking with managers and employees at the new subsidiary in Mexico. The managers complain that employees at the new plant do not speak their mind very often, and often seem to stress harmony with each other over learning Marico’s culture. Managers are also frustrated that staff meetings frequently start late due to the lateness of employees. The employees, who are younger than their managers on the average, are frustrated that they are not told exactly how to do their tasks; instead, they are told to read their employee manuals for guidance. They are concerned that Marico’s managers are too impatient with them about learning the policies. They feel they have been left to their own devices to figure out how things work, which often causes them to stay late at work. What is more, staying late on their shifts often causes them to be late for staff meetings, where they are often berated by managers for not acting like “good Canadian employees”. After your examination you become convinced that the problem Marico is experiencing relates to culture, and you prepare your report accordingly.
CASE QUESTIONS
Select one of Hofstede’s five cultural dimensions to explain to Marico’s the main differences between Marico’s Canadian HQ and its Mexican subsidiary in terms of culture. Explain why you selected this dimension as the primary source of the problem between the Marico HQ and its Mexican plant.
In your opinion, what are three ways that Canadian managers could demonstrate higher intercultural competence at Marico’s Mexican subsidiary?
Answers
From the case study, there are three factors from Hofstede’s five cultural dimensions that immediately become apparent to the Hofstede Specialist.
Time Orientation issuesIndividualism over CollectivismUncertainty Avoidance issues.Let's look at Time Orientation. In some cultures, time for meetings or events is just an approximation. For other cultures, it is an exact science. The reason why I am picking this is that this issue was explicitly mentioned with regard to lateness to staff meetings.
The way in which Canadian Managers could demonstrate higher intercultural competence is by first demonstrating an understanding of empathy of the issue. Next is that they must now initiate an orientation program for all Mexican employees and not just assume that they know the Canadian or Marican culture.
What is Hofstede’s five cultural dimensions?Hofstede investigated national cultures by identifying five distinct dimensions, which are: power distance.
Avoiding uncertainty.Individualism-collectivism.Masculinity-femininity.Time management.Symbols, language, conventions, values, and artifacts are the primary components of culture. Language facilitates efficient social interaction and determines how individuals perceive concepts and objects.
However, Schermerhorn and Bachrach (2017) add that Hofstede cautioned against acting on the incorrect assumption that a generic cultural value applies to all members of a certain culture in the same way.
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2. You want to convince your employees to sign up for the new health maintenance
program that your company offers because it is cheaper than the older program.
However, you expect most employees to stay with the more expensive program as it
covers more physicians. Which of the following persuasive strategies will be most
effective in this case?
Answers
Because the audience is probably going to value emotion as a way of problem-solving in this situation, the persuasive tactic will be most successful.
To succeed in "persuasive strategy," one must balance reason and passion.
The three different categories of persuasive tactics are pathos, ethos, and logos. The most persuasive writing typically combines all three tactics. While ethos relies on the authority of the author or source as justification for action, logos draw conclusions using logic or reason.
It is significant to note that your ability to persuade others affects their behavior. Arguments are used in persuasion to persuade others to follow your path. The way you express your views to others might have an effect on how others interpret a certain issue or concept.
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Discuss the purpose of a personal budget and list ten categories of expenses that a young college-graduate might need to include in their personal annual budget.
Answers
The main goal of budgeting is to gain a clearer understanding of your financial situation so that you can start planning your spending and saving and taking charge of your finances.
Enlist the contents of personal budget.Making the greatest financial and spending decisions requires using a budget as a tool for organizing, analyzing, and managing your money. The desire to maximize your wealth by using your money wisely and effectively is the major driver behind budgeting.
The following are ten categories of expenses that a recent college graduate may need to account for in their own annual budget:
1. Transportation: Everyone needs to get from point A to point B, regardless of where they live or how they live. Typically, this budget line item covers expenses for gas, maintenance, parking, tolls, ridesharing, registration, and DMV fees.
2. Food Although it is a need for human survival, food is also a line item on the budget for the astute financial manager. It's important to budget for food costs whether you're going to the grocery store, cooking at home, or exploring the local cuisine.
3. Services :
Almost every operating home depends on water, power, and HVAC (heating, ventilation, and air conditioning). You should include all of the costs necessary to maintain these services in your utilities category. Your water, sewer, gas, and electricity bills are typically considered utilities. Households can also take into account their "connectivity" costs, such as their internet, cable, and/or phone bills.
4. Insurance : The insurance budget category heavily reflects your unique, personal preferences. Many frugal people classify insurance according to what exactly they are covering.
5. Health & Medical :
Health, as the saying goes, is riches. It's crucial to allocate enough money in your budget to meet these charges because maintaining your health and general well-being are both important.
6. Investing : This sometimes disregarded (or, dare we say, underfunded?) household budget area is likely the most crucial. Saving money may not have an immediate influence on your day-to-day life, but it can prepare you for future financial success.
7. Personal Expenditures :
Anything that could be categorized as a personal care or "lifestyle" expense falls under this area. Personal expenses might be anything like: gym dues
clothing and footwear
presents for furniture and home decor
You may wish to put personal care items in your food budget category because they are necessities like soap and laundry detergent. After all, you most likely purchase those along with other goods.
8. Entertainment & Recreation :
Under this budget categories there are expenses like :
sports activitiesFamily outings and travelstreaming services and additional memberships (e.g., Hulu and Netflix)9. Miscellaneous :
Finally, anything not included in your fundamental budget categories goes in this category for your household budget. When you need a bit more space somewhere else, you may also utilize it as a "overflow" category.
10. Debt : This group includes things like credit cards, personal loans, and student loans.
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Which measure of prices includes all of the final goods and services in a nation's
output?
Answers
The GDP deflator measure of prices includes all of the final goods and services in a nation's output.
The implicit price deflator and GDP price deflator are other names for the GDP deflator. It will make it easier to gauge how much the pricing of various commodities and services produced inside an economy have changed. This is also used by economists to compare the real level of economic activity in one economy from one year to the next.
The quantity of goods created in an economy with the use of labor, equipment, and raw materials that are available for sale in the market to customers and contribute to the creation of profit is known as output.
The main quantitative indicator of economic activity is the gross domestic product. It is a measurement of the total market value of all finished goods and services produced within a nation's borders in a given year.
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what is an example of a brief statement to get across a message for a staycation advertisement
Answers
Based on the marketing strategy ideas, an example of a brief statement to get across a message for a staycation advertisement is "Brainly Night In is available at multiple hotels worldwide, with 60% off parking and other local perks."
What is Staycation Advertisement?Staycation Advertisement is a term that is considered a buzzword to define the advertisement of the period or location in which an individual or family lives at home and takes part in leisure activities within day trip distance of their home without overnight accommodation.
Some other examples of Staycation advertisements include the following:Brainly Home is offering a cheap resident rate to entice American travelers to come to Chicago.Brainly offers London residents a hotel staycation package with a "kids eat free" package.Brainly New York has a hotel staycation package to attract domestic travelers within the city.Hence, in this case, it is concluded that various enticing staycation advertisement companies could use to entice customers.
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You are the manager of a monopoly. Your analytics department estimates that a typical consumer’s inverse demand function for your firm’s product is P = 200 – 20Q, and your cost function is C(Q) = 80Q.
a. Determine the optimal two-part strategy pricing strategy.
b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
Answers
A two-part pricing strategy is one that could be realistic or possible for a monopolist or a firm operating in a very imperfectly competitive market.
Specifically, the firm would be selling a homogeneous product to a more-or-less homogeneous clientele with similar demand curves.
What is a per-unit price?Unit pricing is a pricing method by which buyers can evaluate the actual costs of products. A unit price is the price per unit of the product, which can be evaluated for any product, irrespective of how made. Unit pricing has important applications both in the corporate world and in consumer economics.
Therefore, the correct answer is as given above.
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Which of the following companies has the lowest degree of leverage?
Review Later
50% Debt, 50% Equity
90% Debt, 10% Equity
20% Debt, 80% Equity
30% Debt, 70% Equity
Answers
Due to the low ratio of debt in the capital structure, 20% Debt, 80% Equity has the lowest level of leverage among the four situations.
What is leverage?In the world of finance, leverage refers to any strategy that involves borrowing money to make purchases with the expectation that future earnings will be several times greater than the cost of borrowing. Leverage is a strategy that increases a little input force into a larger output force. It is called after the lever in physics because it successfully increases the relatively small amount of money required for borrowing into significant quantities of profit. The significant danger of not being able to repay a sizable loan is a downside to the strategy, though. Gains may be multiplied by using leverage. On the other side, losses are also doubled, and there is a chance that leveraging will cause a loss if the financing expenses outweigh the asset's income or if the asset's value decreases.
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In Gert Jan Hofstede’s interview of his father Geert Hofstede, Geert defines Power Distance as the __________ relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
Answers
Geert defines power distance as the observed relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
What do we known as Power distance?Basically, a power distance describes how people belonging to a specific culture view power relationships such as superior/subordinate relationships between the people including the degree that people not in power accept that power is spread unequally.
The term "power distance" is one of the dimensions of Geert Hofstede's cultural dimensions theory but the other dimensions include individualism, masculinity, uncertainty avoidance index and long-term orientation.
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How do you think businesses and unemployment link?
Answers
The demand for goods and services decreases as the economy weakens. As a result, companies consider firing workers. Unemployed workers do not have enough money to purchase necessities, which further affects the revenue for enterprises.
How does unemployment affect local businesses?Businesses will suffer immediately from this decline in economic activity. Many households will have lower incomes as a result of higher unemployment. As a result of individuals spending less, many firms will see a decline in sales. But when unemployment is higher, demand for particular goods and services will rise.
A form of unemployment known as cyclical unemployment is brought on by insufficient overall spending (or by insufficient aggregate demand). The recessionary period of the business cycle is to blame for the unemployment. Businesses respond by producing less when there is less overall demand. Production and employment both decline.
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What requirements must exit routes meet?
Select the 5 answer options that apply.
Exit to an outside area
All emergency signs should be red
Do ufficient for the number of naanla nonding to avit during n
Answers
All emergency signs should be red and Exit to an outside areaa are the requirements must exit routes meet. Hence, option A and B are correct.
What are emergency signs?Directions to or the location of emergency facilities are provided via emergency signage Exits, First Aid, Safety Equipment etc. These signs have a white emblem or lettering on a green background.
Green, yellow, red, and blue indicate first aid, emergency exits, prohibitions, and fire safety, whereas red and yellow indicate warnings. The psychology behind these signs may indicate safety, instruction, or danger depending on the color.
Thus, option A and B are correct.
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All emergency signs should be red which requirements must exit routes meet. The correct option is A.
What are exit requirements?In most cases, a workplace must have at least two exit routes to allow for the prompt evacuation of employees and other inhabitants in the event of an emergency. If the number of employees, size of the building, or layout of the workplace make it impossible for employees to evacuate safely, more than two exits are required.
Exit routes must be sufficiently signposted, exit to the outside area, be unlocked, and be large enough to accommodate the number of people who need to exit during an emergency.
Thus, the ideal selection is option A.
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Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT
Answers
Answer: Cost.
Explanation:
He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).
. A company wants to use the allowance method to account for bad debts. You are assigned to explain to the company the different ways it can use to estimate bad debts.
Answers
Answer:
The anwser is a
Explanation:
I got it right on my test
A company wants to use the allowance method to account for bad debts. You are assigned to explain to the company the different methods it can use to estimate bad debts.
Answers
By debiting the allowance for doubtful accounts (ADA) and crediting the accounts receivable, the allowance method records the uncollectible and written-off amounts. The ADA is subtracted from the accounts receivable to arrive at the net realizable value (NRV).
What is net realizable value?A valuation approach called net realizable value (NRV), which is popular in inventory accounting, takes into consideration the total amount of money an asset can bring in from sales less an estimate of the charges, fees, and taxes related to that sale or disposal.
NRV is calculated as expected selling price minus total manufacturing and selling expenses. Use $35 for the value and the projected selling price, for instance, if a business lists things for $50 but anticipates that they will only sell for a discount of $35.
The cash sum that a corporation anticipates receiving is known as net realizable value (NRV). Consequently, net realizable value is also known as cash realizable value. The terms "net realizable value" and "current assets" are frequently used in relation to inventory and accounts receivable.
Inventory should be recorded at the lower of its cost or the amount at which it can be sold, according to the lower of cost or net realizable value principle.
The predicted selling price of an item less the costs associated with its completion, sale, and transportation is its net realizable value.
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bridle inc. issues $300,000, 10-year, 8% bonds at 98
Answers
debit ($) credit($)
Cash 294,000
Discount on BP debit 6,000
To Bonds payable 300,000
(to record issuance of bonds)
What is Bond ?
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).
A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower. Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Explanation
We over 100 times the face value by the issuance quote.
300,000 x 98/100 = 294,000
The difference will therefore be seen as a discount because the bonds were issued for less than their face value.
300,000 - 294,000 = 6,000
Following the debit of the discount to bring the bonds payable to their carrying value of $294,00, we will debit cash for the amount collected.
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Can Twin Creeks demand specific performance from JVC?
Answers
In the case of Twin Creeks vs JVC, specific performance would not be considered in the instance of Twin Creeks and JVC since the subject of the contract, cassettes, is not unique.
What is Specific Performance in Law?Specific performance is a remedy used by courts when no alternative remedy, such as money, is available to appropriately recompense the other party.
Put differently, a contractual remedy in which the court requires one party to execute its commitment as precisely as feasible since monetary damages are insufficient to repair the loss. Most typically ordered in real estate and unusual chattels situations.
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