Answer:
Explanation:
Is whole life better than term life insurance? Whole life provides many benefits compared to a term life policy: it is permanent, it has a cash value investment component, and it provides more ways to protect your family's finances over the long term.
the records of pippins, incorporated, included the following information: net sales $ 1,000,000 gross margin 475,000 interest expense 50,000 income tax expense 80,000 net income 240,000 compute the times interest earned ratio, rounded to the nearest decimal. multiple choice 4.8 6.4 7.4 20.0
The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
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walmart has posted a job description for an open position focused on the following responsibilities: managing the merchandising of new products in the appropriate store areas; selecting appropriate shelving and display materials throughout the store; identifying needed store repairs. which type of organizational resource will this job manage?
Walmart has posted a job description for an open position focused on the following responsibilities, the physical type of organizational resource will this job manages.
responsibilities is the quality of being answerable, accountable, or in charge of something that is under one's management. Environmental, compliance, and customer service responsibilities are just a few of the obligations that all business owners must fulfill.
You are expected to carry out a responsibility. A task you are required to complete could be a responsibility. For instance, your parents anticipate that you will brush your teeth. a piece ofJob, particularly a specific task completed as part of one's daily routine at work or for a predetermined fee: He was given the task of mowing the lawn by her. an editorial position, whether full- or part-time: She was looking for employment. Jobs: Producers, Thinkers, Builders, Improvers, and
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g if a wage differential is due to any factor other than gender, then it does not violate the equal pay act. true false
The correct answer is True because the wage gap can be defined as the difference in wage rates between two classes of workers and does not violate the Equal Pay Act.
When considering wages, it is important to consider wage inequality. This is the ratio of a company's wages to the average wages earned by all workers in a particular sector. The cost of living in the United States varies from region to region, and so does income by occupation. These pay gaps are most often the result of differences in workers' skills and the effort workers make to perform their jobs, but they can also occur when jobs are unionized.
We conclude that wage inequality in firms is an important explanation for why wages differ among individuals because they can only be partially explained by observable firm characteristics.
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when coverage is provided under the additional coverages of section ii of a homeowners policy, payments are:
Under section 2 coverages provided are
Claim expensesfirst aid expensesdamage coverageloss assessment chargesliability for damage to third persondamage to property of others ( $1000)What do you mean by section ii of a homeowners policy?
Homeowners insurance policy-section ii (liability coverage) section providing protection under three coverages
Coverage E (Personal Liability)coverage in the event a suit is brought against the insured because of bodily injury property damage resulting from the acts or non-acts of the insured.It deals with various fines, coverages that need to be paid by the people.
Hence, the above factors explains our answer.
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nonconstant growth storico co. just paid a dividend of $3.65 per share. the company will increase its dividend by 20 percent year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company's stock percent, what will a share of stock sell for today?
If the company continues to grow at its current rate indefinitely, a share of stock will be sold for 71.03 today. if the required percentage return on the company's stock.
A security that denotes ownership of a portion of the issuing company is share referred to as a stock, also known as equity. Shares, which are units of stock, entitle their owners to a portion of the company's assets and profits based on how many shares they own.
The cornerstone of many individual investors' portfolios, stocks are primarily bought and sold on stock exchanges. Government rules aimed share at shielding investors from dishonest practices must be followed when trading stocks.
D0 = 3.65
D1 = 3.65( 1+ 0.20) = 4.38
D2 = 4.38( 1+ 0.15) = 5.037
D3 = 5.037( 1+ 0.10) = 5.5407
Value of Stock = D D2 + (1+r)2 D3(1+G) D3 r-G + (1+r)3 (1+r)3 (1+r)
where r = 0.12
G = 0.05
= 4.38 / (1 +0.12) + 5.037 / (1 +0.12)2 + 5.5407 / (1 + 0.12)3 + 5.5407(1+0.05) / 0.12-0.05 / (1 + 0.12) 3
= 71.03
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native american homeowners were much more likely than blacks to receive loans with unfavorable conditions such as prepayment penalties and high interest rates. true false
It is false that native american homeowners were much more likely than blacks to receive loans with unfavorable conditions.
Any member of the indigenous peoples of the Western Hemisphere is referred to as a Native American, also known as an American Indian, Amerindian, Amerind, Indian, aboriginal American, or First Nation person.
However, the term is frequently used to refer only to those groups whose original homelands were in what is now Canada and the United States. While some original American tribes were agricultural peoples, many of them were hunting and gathering societies.
In addition to a wide range of semidomesticated species of nut- and seed-bearing plants, American Indians domesticated a wide range of plants and animals, including corn (maize), beans, squash, potatoes and other tubers, turkeys, llamas, and alpacas.
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How many parts are there to MEDICARE? Please list and define the parts of MEDICARE
There are four parts of the MEDICARE which are - Part A, Part B, Part C, and the Part D.
There are in total four parts of MEDICARE: Part A, Part B, Part C, and Part D. These four parts are classified as, Part A - which provides inpatient / hospital coverage, Part B - provides outpatient / the medical coverage, Part C - offers an alternate way in order to receive one's Medicare benefits, and Part - D provides prescription drug coverage.
So here generally, the different parts of Medicare tend to help in order cover the specific services. Whereas, here the most beneficiaries tend to choose in order to receive their Part A and B benefits through the Original Medicare.
Hence, so unless you choose otherwise, you will have Original Medicare.
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wald corp. allows its employees to purchase shares at a 10% discount. during the current month, employees purchased 1,000 shares for $22.50 per share. wald should recognize compensation expense of
Wald should recognize share based compensation of $2400 on 1000 shares .
What is share based compensation ?
The practice of providing employees with shares of company stock in addition to their cash wages (salaries and bonuses) is known as stock-based compensation, sometimes known as equity- or share-based pay. Employees are typically given stock options or restricted stock as compensation.
Companies can use stock options as a form of pay for their staff. Employees holding stock options should be aware of whether their shares are fully vested and will continue to hold their value even if they leave their position with the company. Even if the employee received equity pay, if the stock is subject to tax holding, the tax must be paid in cash since tax repercussions dependent on the actual market value of the stock.
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which of the following items are needed to calculate macrs depreciation for an asset? (check all that apply.) multiple select question. asset's expected usefulness applicable recovery period applicable depreciation convention asset's condition or age date placed in service asset's depreciable basis applicable depreciation method
The items which are needed to calculate macrs depreciation for an asset will be the asset's expected usefulness applicable recovery period.
What is macrs depreciation?MACRS is the main wear and tear method used for tax purposes. With MACRS, you can take more tax credits in the early stages of your property and less in later years. Depreciation is an important part of fixed asset accounting and many very small businesses use MACRS to record depreciation in their books and tax returns.When you purchase an asset (such as equipment, software, or even a building) for your business, you generally cannot write off the full cost of the asset in the year of purchase. Rather, the IRS allows you to deduct only a portion of the expense each year over the number of years the asset is expected to live.Depreciation allows companies to spread the cost of assets such as buildings, equipment and machinery, vehicles, and furniture over the years the assets are used.To calculate straight-line depreciation, subtract the asset's residual value (the expected value at the end of its useful life) from its cost. The result is the basis for depreciation or depreciable amount. Divide this amount by the useful life of the asset.To know more about MACRS depreciation refer to:
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lucas will receive $7,100, $8,700, and $12,500 each year starting at the end of year one. what is the future value of these cash flows at the end of year five if the interest rate is 9 percent?
The cash flows' future value at the end of year five, assuming the interest rate at the end of the year.
(FV= [7100x (1+0.4] + [8700x (1+0.09^3)] + [12500x (1+0.09^2)])
What is the appropriate formula for determining FV?
PV n PV = Present Value = Future Value (FV).r is the percent interest rate, and n is the number of compounding periods.
In project management, what is FV?
The value of a given amount of money in the future is referred to as its future value. You can use the FV formula, for instance, to figure out how much $100 would be worth in ten years if you had it today.
What is an asset's FV?
The estimated price at which an asset is purchased or sold when the buyer and seller freely agree on a price is known as fair value. The fair value of an asset can be determined by comparing the asset's current market value, growth potential, and replacement cost.
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when new and/or improved goods become available, people change the types of goods and services they consume. this challenge to accuracy in cpi measurement is called multiple choice question. substitution. input-output inversion. institutionalization. innovation.
When new and/or improved goods become available, people's consumption patterns shift. This challenge to accuracy in cpi measurement is known as innovation.
A water footprint depicts the amount of water used in relation to human consumption. The water footprint of an individual, community, or business is defined as the total amount of fresh water needed to generate the goods and services consumed by the individual, community, or business. Water consumption is measured in terms of water volume consumed and/or contaminated per unit of time. A water footprint can be calculated for any well-defined group of consumers (e.g., an individual, family, village, city, province, state, or nation) or producers (e.g., a public organization, private enterprise, or economic sector), for a single process (such as rice cultivation), or for any product or service.
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which type of 3pl relationship is characterized by a win-win relationship, driven by innovation, and characterized by gainsharing?
Strategic collaboration is a type of 3PL relationship characterized by a win-win relationship, driven by innovation, and characterized by gainsharing.
Companies that provide third-party logistics (3PL) services aid eCommerce retailers in managing their supply chains. They frequently offer services including order fulfillment, order management, shipping coordination, retail distribution, exchanges, and returns.
Since many businesses are having trouble navigating the supply chain's unknown variables, they collaborate with third-party logistics providers who are skilled at handling shipping and order fulfillment and who manage the inventory in the warehouse, including picking, packing, and shipping the products to their customers.
90% of 3PL providers acknowledged a successful collaboration with eCommerce businesses, saying that they worked together to focus on objectives and overcome obstacles, according to Penske Logistics' 2022 third-party logistics research.
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harry received 100 shares of stock from his aunt as a gift. harry's aunt purchased the stock 10 years ago for $20 per share. the stock was worth $50 per share on the date harry received the gift. harry sold the stock for $60 per share. what is the amount of harry's basis in the stock?
the amount of Harry's basis in the stock is $ 5000.
Number of stock Harry inherited = 100
Value of the stock per share on the day of inheritance (basis value) = $50
Therefore, Total basis value of Harry's shares = 100 x 50 = $ 5000.
Amount Harry sold the stocks for per share = $60
therefore, total earnings of harry from the stock = 100 x 60 = $ 6000
Profit earned = total earning - basis cost
= 6000 - 5000
= $ 1000
Although the word "basis" has many different meanings in finance, when taxes are calculated, it most usually refers to the difference between the prices and expenses associated with transactions. Such usage is specifically employed when capital gains or losses are calculated for income tax filings and related to the more general words "cost basis" or "tax basis.”
Basis also describes the difference between the spot price of a deliverable good and the corresponding futures contract price. Basis can also be used to discuss transactions involving securities. The purchase price of a security less commissions and other costs is known as the security's base.
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Derek's team is struggling to come to a consensus because several people are unwilling to share their thoughts. What would be the BEST question for the group to ask themselves to avoid groupthink?
Question 3 options:
How is this situation similar to others we've encountered?
What about the group could be making people feel unsafe?
How would this situation look different if we had more money?
Can we get rid of the people who aren't willing to speak up?
If the team is struggling to come to a consensus because several people are unwilling to share their thoughts. The BEST question for the group to ask themselves to avoid groupthink is: B) What about the group could be making people feel unsafe?
What is groupthink?Groupthink refers to the way in which members of a group accepts
the decisions made in the group even if the decision they all accepted will have a negative effect on them as they do not consider the consequence that is attached to the conclusion they reach and they does this so as to be in one accord or for unity to reign among them.
Based on the given scenario it is advisable that the leader of the group to ask the members the reason why they feel unsafe to shares their thought or what they have on the mind as by doing this will help to give them insight about the reason why the members are unwilling to share their thought as well how to combat that feelings.
Therefore the correct option is B.
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Answer: What about the group could be making people feel unsafe?
Explanation: I took the quiz
in the late 1990s, the worldwide vitamin cartel with over $5 billion of sales included (select all that apply):
'in the late 1990s, the worldwide vitamin cartel with over $5 billion of sales included Coca-Cola.
The vitamin cartel is the most comprehensive and damaging criminal cartel conspiracy The Division has ever uncovered. Members of the vitamin cartel agreed on how much product each company would produce, how much it would charge, and the customers it would sell to. Its discoverer was Casimir Funk, considered the "Father of Vitamin Therapy".
The role vitamin D plays in so many bodily functions and the alarming number of people who are deficient in vitamin D make it the most important vitamin for the whole body and we may not be getting enough of it. is higher.
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according to the quantity theory of inflation, how does an increase in the growth rate of the money supply affect the inflation rate in the long-run? explain in a structured manner using full sentences. (3pts)
An increase in the growth rate of the money supply affect the inflation rate in the long run is when the money supply is double, then the price level also double
The price level changes by the same amount as the change in the money supply when there is a rise in the money supply (M) but no corresponding increase in output (Y). The quantity theory of money provides a framework for understanding price fluctuations in relation to the availability of money in an economy, so production remains constant. It contends that inflation is caused by an increase in the money supply and vice versa. Monetarists contend that a sharp rise in the quantity of money can trigger a sharp rise in inflation. This is because there is too much money backing too little production of goods and services when money expansion outpaces economic output growth.
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softstep stables has developed a lighter horseshoe for thoroughbreds, called the air citation. the company is presently experiencing labor difficulties and plans to raise wages to avert a strike. this will increase the variable cost per shoe from $15 to $21. the shoes presently sell for $47 each, but due to the competitive environment, softstep stables plans to drop their price to $32 each. their current volume is 1,000 units. fixed costs are $1,800. what will be the new unit volume required to generate the same total contribution as before?
Variable price may be a price that remains constant on a per unit basis no matter the output level, but it will increase in totality. Fixed costs, on the contrary, remain constant in totality and reduce on a per-unit basis because the output level will increase.
Current Situation: Terms per unit = $49 Variable prices per unit = $15 Sales Volume = 800 units.
Contribution Margin per unit = terms per unit - Variable prices per unit Contribution.
(($2.88 - $1.22) - ($2.88 - ($1.22 + .40))) / ($2.88 - $1.22) = 0.24[+/- 0.01](24%[+/- 1%]
Change in contribution divided by the original contribution, divide the new contribution margin by the old contribution margin and subtract the result from 1.
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modern supply chain management systems access national weather service databases to track weather events that could impact logistics. this is an example of using mis to monitor which element of a pestel analysis?
Modern supply chain management systems access national weather service databases to track weather events that could impact logistics. This MIS is used to monitor Environmental element of a pestel analysis.
A supply chain is a group of people and businesses who work together to create products and deliver them to customers. The chain's links start with the companies that produce the raw materials and end when the van delivers the finished item to the customer. A supply chain is made up of all the steps taken to deliver a finished good or service to the customer. A distribution centre may then receive the finished goods that have been transported from production after the raw materials have been obtained.
The term "logistics" describes the overall process of controlling the way resources are obtained, stored, and delivered to their intended location. Determine the effectiveness and accessibility of potential distributors and suppliers as part of the logistics management process.
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some tenants who are subject to long-term leases may desire to transfer all their tenant rights and obligations to another party. this is commonly referred to as a(n)
Long-term tenants may wish to transfer all of their rights and responsibilities as tenants to another party. The term "assignment" is commonly used to describe this.
What rights do I have as a tenant under Act?Without the landlord's permission, the tenant has the right not to live there.This indicates that the landlord must refrain from any actions that jeopardize the tenant's reasonable peace, comfort, or privacy.
Is there a new tenancy created by assignment?The legal interest of the assignor in a property is transferred to the assignee upon assignment, who takes over that interest and becomes the tenant. The new tenant and the landlord are both bound by the terms of the original tenancy agreement, including the rent amount.
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amc theaters offers customers a package that includes two movie tickets, two small drinks, and one small popcorn, all priced together at $29.99. this pricing technique is called:
Customers may purchase a bundle at AMC cinemas for $29.99 that includes two movie tickets, two small beverages, and one small bag of popcorn. Price bundling is the name of this pricing strategy.
In order to provide two or more items at a cheaper price than if they were sold separately, this marketing tactic is known as price bundling. The package pricing method is well-liked in eCommerce and retail since it provides greater value for the money.
Customers are given a greater perceived value per purchase when prices are bundled. When clients buy a new product, giving them package discounts is a fantastic approach to earning their business.
When price bundling, businesses will sell two products for less than the total prices of the two products alone. Cable TV, mobile plans, and value meal combos from fast food restaurants are typical examples of bundle pricing.
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edward, an executive of a global retail store, often takes deliberate steps to create a strong, favorable effect on his group members. he is always professionally dressed and works hard to build positive visions for his team members. this is an example of:
successful impression management is one the examples of an executive of a global retail store, who often takes deliberate steps to create a strong, favorable effect on his group members. he is always professionally dressed and works hard to build positive visions for his team members.
What is impression management?Impression management is the deliberate, conscious, or unconscious attempt to influence other people's perceptions of people, objects, or events through the regulation and control of information in social interactions.Impression management (also called self-representation) encompasses the processes that control how people are perceived by others. People believe that their public image is of value in achieving desirable goals, goals to which their impressions are relevant, and how they want to be perceived and how others perceive them. When we believe there is a discrepancy in what we are doing, we are more willing to control how others perceive us. When people are motivated to manage their impressions, the impressions they convey are based on the roles they convey and the norms in the social context, the personal values that are important to perceive, and how they are or be influenced by yourself. - concepts, and their desired and undesirable selves. Research on impression management has evolved in two different ways. One study focused on the factors that influence the types of impressions people to attempt to convey, while the other applied a perspective of self-representation that has been applied to the study of other psychological phenomena.The self-presentation perspective studies issues such as conformity, aggression, prosocial behavior, leadership, negotiation, social influence, gender, stigma, intimate relationships, emotional experiences, and mental and physical problems.to know more about impression management refer to:
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krepps corporation produces a single product. last year, krepps manufactured 32,900 units and sold 27,500 units. production costs for the year were as follows: direct materials 253,330 direct labor 171,080 variable manufacturing overhead 289,520 fixed manufacturing overhead 592,200 sales totaled $1,168,750 for the year, variable selling and administrative expenses totaled $148,500, and fixed selling and administrative expenses totaled $227,010. there was no beginning inventory. assume that direct labor is a variable cost. the contribution margin per unit was:
The contribution margin is $16.6 per unit. To cover the credit risk the holder poses for the broker or exchange, an investor must deposit the margin with their broker or exchange.
Sales / All Sold Units = Selling Price Per Unit
= $ 1,043,000 / 22,200 Units
= $ 47 for per unit
27 770 units' total variable cost= direct material
= $16.6 per unit.
If an investor borrows money from their broker to purchase financial assets, borrows money to sell those same instruments for a loss, or enters into a derivative transaction, credit risk is created.
An investor who purchases an asset on margin does so by taking out a broker loan for the remaining amount. When an investor purchases an asset on margin, they make a smaller initial payment to the broker and put up collateral in the form of marginable securities in their brokerage account.
The contribution margin is $16.6 per unit.
To the above question and answer, please find the detailed solution attached.
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which phase of the customer life cycle categorizes customers according to value and attempt to win back high-value customers? which phase of the customer life cycle categorizes customers according to value and attempt to win back high-value customers? relationship management customer sponsorship customer acquisition loss/churn marketing
An organization classifies its customers according to value at the (c) customer acquisition phase of the customer life cycle and makes measures to retain high-value clients.
When a customer is familiar with your brand and its content, it's time to take things a step further by providing self-service resources that cover every facet of your product. Giving potential purchasers as much information as you can make their lives easier. They won't need to contact your customer support representatives as often, and it will assist them in making an informed buying decision.
You might create a knowledge base, for instance, which is a complete online repository made available by your company and contains in-depth information on the uses of your products and services as well as solutions to frequently asked problems.
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two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. determine the amounts of the missing items, identifying them by letter. finished goods inventory, june 1 $72,300 $25,300 (e) cost of goods manufactured 368,700 (c) 88,600 cost of finished goods available for sale (a) $240,400 $139,200 finished goods inventory, june 30 85,600 50,500 (f) cost of goods sold (b) (d) $128,100
According to the given information, the missing value costs are (a) = $ 441,000, (b) = $ 355,400, (c) = $ 315,100, (d) = $ 189,900, (e) = $ 50,600, (f) = $ 11,100.
Cost of finished goods available for sale = Beginning finished goods + Cost of goods manufactured
Cost of goods sold = Cost of goods manufactured - Ending Finished Goods
(a). $ 72,300 + $ 368,700 = $ 441,000
(b). $ 441,000 - $ 85,600 = $ 355,400
(c). $ 240,400 - $ 25,300 = $ 315,100
(d). $ 240,400 - $ 50,500 = $ 189,900
(e). $ 139,200 -$ 88,600 = $ 50,600
(f). $ 139,200 - $ 128,100 = $ 11,100
A cost is the value of money that has been expended in the production or delivery of a good or service and is therefore no longer available for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to acquire it. In this instance, the input required to obtain the item is money. This acquisition cost could include both additional transactional costs incurred by the acquirer over and above the price paid to the producer, as well as the cost of production incurred by the original producer. In most cases, the price also includes a profit margin over the cost of production.Learn more about Cost, here
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one of the inputs for the assessment of the risk of material misstatement is the assessment of the potential effects of
One of the inputs for the assessment of the risk of material misstatement is the assessment of the potential effects of inherent.
Assessment has two meanings (“a quantity that someone is officially required to pay” and “the act of creating a judgment approximately something”) so distinct that one may rightfully be surprised if they arrive from different sources.
Evaluation is the systematic basis for making inferences approximately the studying and development of students. it's far the system of defining, choosing, designing, amassing, reading, decoding, and the use of the information to grow students' gaining knowledge and improvement.
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when job 117 was completed, direct materials totaled $32,165; direct labor, $44,227; and factory overhead, $24,124. a total of 3,866 units were produced at a per-unit cost of a.$3,866 b.$76,392 c.$26 d.$100,516
With direct materials, direct labor, and factory overhead as $32,165, $44,227, and $24,124, respectively 3,866 units were created at a cost of $26 each unit. Hence, option (c) would be the correct choice of answer.
What is factory overhead?Factory overhead pertains to all costs that are associated with the production process and that are not directly related to labor or materials. Typically, factory overhead is gathered into cost pools and distributed to the units produced throughout the time period. When the created units are eventually sold as finished goods or written off, an expense is incurred. Direct costing avoids allocating production overhead to the number of units produced, whereas absorption costing requires it. In order to produce financial statements in accordance with the requirements of the main accounting frameworks, factory overhead must be allocated.
Listed below are some examples of factory overhead :
Pay for production supervisorsPay for quality assuranceWages for material managementFactory leaseindustrial utilitiesInsurance for factory buildingsFringe advantagesDepreciationSetup fees for equipmentequipment upkeepTo solve the question :
Given,
direct materials = $32,165
direct labor = $44,227
factory overhead = $24,124
total units = 3,866
Per unit cost = (direct materials + direct labor + factory overhead) /total units
= ($32,165 + $44,227 + $24,124) / 3,866
= 100,516/3,866
= 26
Hence, cost per unit is $26.
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recently issued bonds that mature in 17 years. they have a par value of $1,000 and an annual coupon of 11.8%. if the current market interest rate is 10%, what is the current yield of this bond?
The current yield on his bond is 10.31%.
How much does interest cost?the portion of a loan that the borrower must pay as interest; this proportion is sometimes shown as an annual percentage of the loan balance.
example:
The rate informs you of the precise amount of interest you will earn or pay on a loan. For instance, $6 ($100 X 0.06) would be the interest on a $100 loan at a nominal interest rate of 6%. The interest rate does not change as the loan's size increases. The borrower would continue to pay 6% even if the debt rose to $1,000.
Information provided:
Face value = future value = $1,000
Time = 17 years
Coupon rate = 11.8%
Coupon payment = 0.118%*1,000 =$118
Yield to maturity = 10%
Enter the below in a financial calculator to computer the present value:
FV = 1,000
N = 17
PMT = 118
I/Y = 10
Press the CPT key and PV to computer the present value.
The value obtained is 1,144.39.
Therefor the price of the bond is $1,144.39.
Current yield = $118/$1,144.39*100
= 0.10*100
= 10.31%
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the ceo of your company, an ohio-based low-cost casual shoe manufacturer with major international experience, has informed you, vp of international operations, of a potential legal/pr problem stemming from your subsidiary in honduras. it appears that the cfo of your honduran operations has been embezzling money, potentially in excess of one million us dollars. more troubling, this cfo has a family member who is a member of a major drug cartel. the embezzlement will go public later this month in a honduran newspaper. you need to decide how to handle this situation. what other issues and challenges do you anticipate? assess courses of action and make a recommendation.
The brand and the company's reputation may suffer significant harm when the word of the deception spreads. Various stakeholders will begin to lose faith in one another. The sales revenue can suffer as a result. Investors may decide to discontinue funding the business.
The actions and suggestions for handling this scenario are listed below. -
Apology: A fast public apology should be made by the corporation regarding the fraud since the embezzlement would be reported in the newspaper. The many stakeholders will value your initiative and genuineness.Appoint an external consultant: In cases of fraud, it is more desirable to use an external consultant to handle crises and manage public relations because stakeholders are more likely to believe a source from outside the organization.Fire the Guilty: In this situation, the CFO must be sacked right away and be subject to legal action. One communication: All of the company's executives who will speak with the press and government officials should share a single message on the incident.Assurance: A top-level manager's pledge that the matter will be immediately corrected would be helpful rather than just a public apology.Employee whistle-blower committee: The management must establish an employee whistle-blower committee in order to prevent such scams in the future.A crisis response team should be established for reputation management and damage control. A legal expert (a lawyer), a marketing team, and a PR team ought to be on the team. The CEO should direct this group in developing a strategy to restore the company's reputation. With a promise that there won't be any more mistakes, the organization should gradually gain the trust of all its stakeholders.
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kingbird inc has a master budget variance of $100, unfavorable and a flexible budget variance of $151 favorable. what is the sales activity variance for kingbird inc
Simply subtract the actual expenditure amount from the budgeted amount for each line item to determine variances in the budget.
Both a master budget and a flexible budget will have the same total fixed costs.
What distinguishes a flexible budget from a master budget?Static Budget: The budget is set up to only cover one level of production volume. A master budget is another name. A consolidated budget that is simple to calculate for a variety of production volume levels is called a flexible budget.
What is the formula for a flexible budget?Flexible budget equals fixed costs plus the ratio of the actual unit of activity to the variable cost per unit of activity.
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a pharmaceutical representative has given you a series of $20 gifts over the course of 1 year with a total value at $60. according to the government ethics guideline what must you do?
according to the government ethics guideline a government employee must not accept unsolicited gifts having a total market value of more than $ 50 in one calendar year.
The aggregate market value of individual gifts received from any one person under the authority of this paragraph may not exceed $50 in a calendar year. An employee may accept uninvited gifts with an aggregate market worth of $20 or less per source on an occasion. Gifts of money or financial interests like stocks, bonds, or certificates of deposit are not covered by this exclusion.
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