An important consideration in setting up the proper environment is to be free from distractions. Option B. This is further explained below.
What is the environment?Generally, the environment in which a human, animal, or plant lives or functions, either temporarily or permanently.
In conclusion, It is essential to remove any potential sources of distraction before beginning the process of creating the ideal atmosphere.
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If a firm's revenues do not cover its average variable costs, then that firm has reached its _________________ . price taking point shutdown point marginal point opportunity margin
If a firm's revenues do not cover its average variable costs, then that firm has reached its shutdown point.
What is average variable costs?The average variable cost refers to the variable cost per unit of goods or services produced by a firm.
Average variable cost is total variable cost divided by variable input. Variable input is the input that varies with the output. For example, labor is an example of a variable input.
Average variable cost equals:
1.Average total cost minus average fixed cost.
2. Price of the variable input times the quantity of the variable input.
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Describe how the over or under application of overhead should be corrected
Over or under application of overhead should be corrected by closing it to Retained Earnings the Cost of goods sold as well Finished goods Work in process.
What is Retained earnings?Retained earnings serves as the cumulative net earnings of a company after the accounting for dividends.
This can be used to correct the Over or under application of overhead.
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5.Michelle is an estate agent. She hears from her friend Jonathan that Sarah wants to sell her house. Michelle promises that if she sells Sarah's house and receives her payment, she would pay Jonathan R2 000. She phones Sarah and speaks to her 2ssistant Thabo. Thabo is an employee of Sarah's and manages all of her properties. Michelle offers her services in selling the house at the best possible price. All she wants for her troubles is R20 000. Who in this specific example is the principal? And justify your answer.
In the question that we have here the person that is the principal is Sarah.
Who is a principal?This is the term that is used to refer to a given person that gets another person to work or represent them. That is the other person would be authorized to carry out the transactions such as buying and the selling of properties on their behalf.
In the question, we can see the justification from the fact that the owner of the house Sarah has given the seller or agent the right to act on her behalf on the transaction.
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Pharoah Company has identified that the cost of a new computer will be $40000, but with the use of the new computer, net income will increase by $3000 a year. If depreciation expense is $1000 a year, the cash payback period is: 13.3 years. 20.0 years. 40.0 years. 10.0 years.
The correct option is payback Period [tex]10.0[/tex] Years.
Payback Period:
The time it takes to recoup the cost of an investment is referred to as the payback period. It is simply the amount of time it takes an investment to break even. The payback period is crucial since people and businesses invest money primarily to be reimbursed.
The temporal worth of money is disregarded. All other capital budgeting strategies take into account the idea of the time value of money. According to the principle of time value of money, a rupee now is worth more than a rupee tomorrow. In order to arrive at discounted flows, different strategies discount future inflows.
You can use the mathematical formula to determine the payback period: Payback Period = Initial investment / Cash flow per year.
Annual Cash flows = Depreciation + Net income
[tex]= 3000+1000 \\=4000[/tex]
Payback Period = Investment / Annual Cash flows
[tex]= 40,000/4,000[/tex]
[tex]= 10.0[/tex] years.
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How can support units deliver functional and services to support the organization?
Answer:
whenimetuindasumma
Explanation:
tomyheartbearsound
When calculating the quick ratio or "acid test" which current asset or liability is omitted?
Inventory is omitted while computing the quick ratio or "acid test".
The quick ratio is computed as shown below:
= (Current Assets - Inventory) / Current Liabilities
As can be seen in the above formula, inventory is omitted while computing the quick ratio
So, the correct answer is the option of Inventory.
The "acid-taste" ratio is used to indicate an organization's capability to repay its current liabilities without relying on the sale of stock or on obtaining extra financing.
Inventory is not protected in calculating the ratio, as it is not in the essential asset which could result easily and unexpectedly converted into cash.
Your question is incomplete. Please read below for the missing content.
When calculating the quick ratio or "acid test" which current asset or liability is omitted?
A. Account [Payables
B. Inventory
C. Accounts Receivable
D. Cash
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what do multinational corporations needs to balance when making decisions about social responsibilities?
What multinational corporations needs to balance when making decisions about social responsibilities is conflicting interests of stakeholders .
Why is it necessary for multinational corporations to balance conflicting interests of stakeholders?
Multinational corporations needs to balance conflicting interests of stakeholders in their decisions most important in human rights because the stakeholders are key part in the organization.
And any decision that affect the corporation will definitely affect all the stakeholders.
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When the insured knows more about their circumstances than the insurer, there is
A. adverse selection.
B. All of these
C. propitious selection.
D. moral hazard.
E. asymmetric information.
When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.
What is an insurance company?An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:
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5
Yusuke is developing a product that will revolutionize miniature train sets. When hiring a marketer, he should look for someone who specializes
in which type of marketing strategy?
O A grassroots marketing
OB.
viral marketing
О с.
street marketing
O D. niche marketing
Answer:
D. niche marketing
Explanation:
miniature train sets are a small specific detailed market
The Economic Freedom of the World index provides a measure of the extent to which various countries
Group of answer choices
A. rely on democratic political decision-making to allocate resources.
B. rely on markets rather than political decision-making to allocate resources.
C. use transfer payments and subsidies to achieve an Egalitarian distribution of income.
D. use political allocation to promote economic nationalism.
The Economic Freedom of the World index provides a measure of the extent to which various countries rely on markets rather than political decision-making to allocate resources. (option B)
What is the Economic Freedom of the World index?Economic Freedom of the World Index is a measure used to determine the degree to which the policies and institutions of countries are supportive of economic freedom. The Economic Freedom of the World Index measures economic freedom of 184 countries.
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20 pts
Why did Frito-Lay air a commercial the night BEFORE the Super Bowl?
OA. more football fans were watching TV that night
OB. they couldn't afford to air it during the Super Bowl
people bought the product to eat during the game
O D. there are more nonsports fans than sports fans
OC.
Answer:
People bought the product to eat during the game
Explanation:
Super Bowl parties are an American staple. People buy snacks in bulk before the Super Bowl to serve at their parties. Therefore, this is the answer that makes the most sense.
Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,150 sets of skis to finished goods. At the end of the accounting period, 480 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $285,350.
Required
Determine the cost per equivalent.
Determine the cost of the goods transferred out of the finishing department.
Determine the cost of the finishing department’s ending work in process inventory.
The various costs for Solomon Ski Company during the recent accounting period are determined as follows:
1. Cost per equivalent unit is $65.
2. Cost of finished goods transferred out from the finishing department is $269,750.
3. Cost of the ending WIP inventory is $15,600.
What is the cost per equivalent unit?The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.
The equivalent units of production depend on the degree or percentage of completion for the various cost classes.
Data and Calculations:Transfer to finished goods = 4,150
Ending inventory = 480
Degree of completion of the ending inventory = 50%
Total equivalent units = 4,390 (4,150 + 480 x 50%)
Total production costs = $285,350
Cost per equivalent unit = $65 ($285,350/4,390)
Cost of finished goods = $269,750 ($65 x 4,150)
Cost of the ending WIP = $15,600 ($65 x 240)
Thus, equivalent units refer to the degree of work completed per unit.
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how to write memo cash flow statement problems and solutions
Accenture is helping a retail company increase efficiency in the management of customer transactions, payment processing, and answering customer queries using Machine Learning. The client uses blockchain technology to share data with their wholesale suppliers, delivery service providers, and customer organizations.
For the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
What is Blockchain technology?Blockchain is a shared, unchangeable, and immutable digital ledger, duplicated and distributed across the entire network of computer systems.
Blockchain technology facilitates transaction recording and asset tracking.
Some other advantages of using the Blockchain technology include:
High-level securityTransparencyTraining data using the ML model.Thus, for the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
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Question Completion:How will Blockchain ensure the integrity of the data sent to the Machine Learning model?
Lisa has a credit card with a limit of $3,000. This means that
Lisa has a credit card with a limit means :
Your credit score usage price — the amount of revolving credit you're presently using divided by means of the whole amount of revolving credit score you have to be had — is one of the most critical factors that influence your credit score scores. So it is a terrific idea to try to maintain it beneath 30%, which is what is commonly encouraged.
What is a credit score card?A credit score card is a form of credit score facility, supplied by means banks that permit customers to borrow a budget inside a pre-approved credit restriction. It permits customers to make purchase transactions on goods and offerings.
What does credit card restriction suggest?In very simple terms, the credit restriction or the Credit Card limit is the maximum quantity that someone can spend on his or her credit Card. This restriction is something that the issuing business enterprise fixes.
What occurs when you hit your credit score card restriction?Right here are the most common consequences related to spending over your credit score restriction: Your credit score card may be declined. you may pay an over-limit rate. Your interest fees could move up.
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What do all Agile frameworks have in common?
All agile frameworks have a specified, defined iteration period, a lightweight system that allows self-organized teams to better adapt to business requirements, and they all use iterative and gradual development. It's a word that refers to software growth methodologies.
What are the 3 agile frameworks?
Scrum, Kanban, and Extreme Programming (XP) are all agile frameworks commonly used for product development. They are all compatible with the principles in the Agile Manifesto
What is agile development frameworks?An Agile framework is a specific process to planning, managing, and executing work. Agile frameworks generally fall into two categories: Frameworks designed for teams, and frameworks developed to help organizations rehearse Agile at scale, across many teams.
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XYZ Co. manufactures bicycles. Demand for this year’s model is expected to occur at a constant annual rate of 9200 items. One bicycle costs $165. The holding cost is based on a 6% annual rate, and production setup costs are $420. The manufacturing plant has an annual production capacity of 16000 units. Acme has 280 working days per year, and the lead time for a production run is 3 days. Use the production lot size model to compute the following values:
a) Minimum cost production lot size
b) Number of production runs per year
c) Cycle time
d) Length of a production run
e) Maximum inventory
f) Total annual cost
g) Reorder point
a) The minimum production lot size is 884 units,
b) The number of production runs per year is 10 runs.
c) The cycle time is 30 days (10 x 3)
d) The length of a production run is 3 days.
e) The Maximum inventory is 653 units.
f) The total annual cost is $1,523,180.
g) The Reorder point is 99 units (33 x 3).
What is the production lot size model?The production lot size model is the same as the economic order quantity model, which is given as the EOQ = square root of: [2(setup costs)(demand rate)] / holding costs
The model shows the production lot size that minimizes total costs.
Data and Calculatiaons:Annual demand = 9,200 units
Unit product cost = $165
Holding cost = $9.90 ($165 x 6%)
Setup costs = $420
Annual production capacity = 16,000 units
Working days per year = 280 days
Lead time for a production run = 3 days
EOQ = square root of: (2 x $420 x 9,200)/$9.90
= square root of 780,606
= 884 units
Production runs per year = 10 (9,200/884)
Daily demand = 33 units (9,200/280)
Total annual cost = ($165 x 9,200 + 99 x $9.90 + $420 x 10)
= $1,523,180 ($1,518,000 + $980. + $4,200)
Maximum inventory = Reordering Level + Reorder Quantity – (Minimum Consumption x Reorder period)
= 99 + 884 – (33 x 10)
= 653 units
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When a monopolist increases the amount of output that it produces and sells, average revenue.
Monopolists can increase the amount of output and sell easily because they are in no competition, the revenue is also great as their is no competition the price charged is not challenged by any other organization.
What is Monopoly?Monopoly is when there is no competition in the market and the seller is the sole seller of the product or service and therefore all the customers in the market purchase products or services from the said organization.
The organization can charge any price for the products or services as there is no competition the prices are not challenged by the other organizations as the sole seller of the commodity is the organization and this sole seller in the entire market is called a monopoly business.
It is difficult to be in a competitive environment but it is comparatively easier being a monopolist.
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What is the interest expense on December 31?
The interest expense on December 31 of the first year is $5,250.
What is the interest expense on bonds?The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.
This shows that the bond was issued at neither premium nor discount but at par.
Data and Calculations:N (# of periods) = 20
I/Y (Interest per year) = 7.5%
PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)
FV (Future Value) = $140,000
Results:
PV = $140,000.00
Sum of all periodic payments = $105,000 ($5,250 x 20)
Total Interest = $105,000
SchedulePeriod PV PMT Interest FV
1 $140,000 $5,250 $5,250 $140,000
2 $140,000 $5,250 $5,250 $140,000
Thus, the interest expense on December 31 of the first year is $5,250.
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Provide a specific example of how using this skill in your career/industry would make you valuable to a potential employer. Be sure to describe the benefit to the employer, not just the benefit to you - the person who possesses the skill.
Essay on What Unique Things Would Separate You From Other Applicants Applying For This Money?
Unique Things that would Separate you from Other Applicants when applying for a loan are:
Proof of income. Investment statements. Employment history. How can an applicant be outstanding when applying for a loan?When applying for a loan, there are different criteria that would be followed, by the financial institutions.
One of this is Proof of income, this will be checked to know how much you earn, and this will help to determine the amount of loan that can be granted to you.
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The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also ___________.
Select one:
A.
reliable
B.
valid
C.
comprehensive
D.
All of these
E.
None of these
The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also D. All of these.
What is the usefulness of Myers-Briggs Type Indicator?Myers-Briggs Type Indicator serves as a tool that gives individuals the understanding of their own communication preference.
It should be noted that Myers-Briggs Type Indicators are:
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The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also option D. all of the above. Read below about Myers-Briggs Type Indicator
What is Myers-Briggs Type Indicator?The Myers-Briggs Personality Type Indicator is a self-report inventory designed to identify a person's personality type, strengths, and preferences. The questionnaire was origibated by Isabel Myers and her mother Katherine Briggs in connection to their work with Carl Jung's theory of personality types.
Therefore, the correct answer is as given above. Option D. all of these is the correct answer.
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Citrus Corporation is a calendar year S corporation with the following
current year information:
Operating loss
Liabilities:
$(2,160,000)
Notes payable, Big Apple Bank
360,000
Notes payable, Grapefruit (individual) 360,000
On January 1, Orange (an individual) bought 50% of Citrus Corporation
stock for $540,000. How much of the operating loss may Orange deduct
currently? Assume the excess business loss limitation does not apply.
The amount of the operating loss may Orange deduct currently will be $108000.
How to illustrate the information?It should be noted that the operating loss of a company occurs when the company's operating expenses are more than the gross profit.
The following are given in the information:
Operating loss $(2,160,000)
Notes payable, Big Apple Bank 360,000
Notes payable, Grapefruit (individual) 360,000
Also, it was stated that Orange (an individual) bought 50% of Citrus Corporation stock for $540,000.
Therefore, the amount in this scenario will be:
= 50% × $2160000
= $108000
In conclusion, the amount of the operating loss may Orange deduct currently will be $108000.
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You have an employee that works remotely. Your business is located on one side of Alberta, and the employee works on the opposite side of Alberta. You realize that you need the employee to work at your physical business location. What must you pay your employee, so they receive $3000 after all mandatory deductions, which are at 38.165%?
Answer:
$4887.18
Explanation:
38.165% of what you pay your employee will be manually deducted. The other 61.835% must equal $3000. If 61.835% = 3000, 100% (total pay) = 4887.1874
You would need to pay your remote employee approximately $4844.76 as gross pay so that they receive a net amount of $3000 after deducting 38.165% for mandatory deductions.
What must you pay your employee, so they receive $3000 after all mandatory deductions, which are at 38.165%?To ensure your employee receives a net amount of $3000 after all mandatory deductions at a rate of 38.165%, you'll need to calculate the gross pay before deductions.
Let G be the gross pay before deductions. The formula to calculate the gross pay is:
Gross Pay (G) = Net Pay / (1 - Deduction Rate)
Substituting the given values:
G = $3000 / (1 - 0.38165)
G = $3000 / 0.61835
G ≈ $4844.76
Therefore, you would need to pay your remote employee approximately $4844.76 as gross pay so that they receive a net amount of $3000 after deducting 38.165% for mandatory deductions.
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Consider two mutually exclusive R&D projects that ADM is considering. Assume the discount rate for ADM is 13 percent. Project A: Server CPU .13 micron processing project By shrinking the die size to .13 micron, ADM will be able to offer server CPU chips with lower power consumption and heat generation, meaning faster CPUs. Project B: New telecom chip project Entry into this industry will require introduction of a new chip for cell phones. The know-how will require a large amount of up-front capital, but success of the project will lead to large cash flows later on. Year Project A Project B 0 –$ 845,000 –$ 1,064,000 1 368,000 267,000 2 397,000 388,000 3 269,000 388,000 4 194,000 432,000 5 148,000 519,000
Based on the cashflows and initial investments of Projects A and B by ADM, the incremental IRR is 22.24%.
What is the Incremental IRR?This is a financial measure that compares projects with different cashflows. It does so by taking the net present value of the cashflows to zero.
It can be found by using a spreadsheet with the function IRR but you'll first have to find the difference between the cashflows of the two projects:
As shown on the attachment, the Incremental IRR is:
= 22.24%
Rest of the question is:
What is the incremental IRR of investing in the larger project?
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For a professional athlete, making money off of products that use their likeness is an example of what concept?
For a professional athlete, making money off of products that use their likeness is an example of Name, Image, and Likeness deals.
What are name, image, and likeness deals?Name, image, and likeness deals are commercial endorsements that give publicity to professional and college athletes, who lend their names, images, and likeness to companies to leverage for their product brands.
Using marketing and promotional endeavors, companies can use the athlete's name, image, and likeness to create customer-attractive brands for their products.
These deals provide opportunities for the athletes to make money by permitting the business entities to use their name, image, and likeness to market and sell products.
Thus, while the agreements are called “NIL” deals, professional athletes use them to make money.
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The ledger of the Blue Spruce Corp. at the end of the current year shows Accounts Receivable of $237,000.
a) If Allowance for Doubtful Accounts has a credit balance of $4,700 in the trial balance and bad debts are expected to be 9% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
The adjusting entry for the end of the period is :
Provisions for doubtful debts Account .........dr. 16,630
To Profit and loss Account 16,630
Given,
At the end of the current year, Blue Spruce Corp.'s ledger displays $237,000 in accounts receivable.
The trial balance shows a credit balance of $4,700 for Allowance for Doubtful Accounts.
And 9% of accounts receivable are predicted to be bad debts.
Amount of bad debts = 9% × amount of Accounts Receivables
= 9% × $2,37,000
= $21,330
Since, there is already a provision for doubtful debts of $4,700.
We have to increase it by (21,330 - 4,700) $16,630.
Hence, The adjusting entry for the end of the period is :
Provisions for doubtful debts Account .........dr. 16,630
To Profit and loss Account 16,630
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1. Define economics from perspective of wealth, welfare, Scarcity & Growth which, defenation more suits for economics? Why ?
Economics can be defined as the study of the scarce resources that are in a [place and how to use the scarce resources to carry out production of goods and services for the growth of society.
Why is this a great definition of economics?This is due to the fact that it takes into consideration the fact that there a limited resources in a nation.
And despite these the needs are plenty and so it is useful that the scarce resources are well utilized to solve the issues of man.
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If you are interested in investing in a stock. Mark which of the following is a way you can PROFIT from your investment? (Check all that apply)
Holding the Stock for at least 5 years
Principal
Dividends
Selling the stock at a higher price than you paid for it
One can profit from stock investment through dividends and selling the stock at a higher price
What is stock investment?
Stock investment means buying shares in a company in expectation of dividends and capital gains, which can be achieved by selling at a higher price than the initial purchase price.
Basically, gains from stocks are through dividend yield and capital gains, which means that principal receipt is not applicable since that applies to bond or debt issuance.
Holding the stock for 5 years does not guarantee a positive return because prices cannot be predicted.
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why we remove interest amount from 1 year amount?
The interest amount earned is removed from the accumulated amount of savings because the interest is simple interest.
What is Interest?interest is the percentage amount earned over the savings made and deposited in the account, the interest is a basic market interest rate that is applied to the savings to calculate the amount of interest income for a given period of time.
The savings are deposited and they are applied for the interest rate the interest income is also included in the original savings, then for the next year the interest rate will again be only applied to the original savings amount and not the compounded amount that is the original amount of savings plus the interest earned in the first year.
That is why the interest earned in the first year is deducted from the total savings in the account to calculate the interest income for the second year.
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