Corrective maintenance is a type of upkeep carried out to find, isolate, and fix a problem with an asset so that it may be returned to an acceptable state.
What is Corrective maintenance?Corrective maintenance (CM) comprises replacing or repairing equipment when it faults. When equipment breaks down, CM tasks identify the problem and resolve it so that the technology may be used again and facility production can continue.
After an unanticipated outage, assets are restored through corrective maintenance. In other words, remedial maintenance doesn't require expensive capital investments or substantial repairs. Fixing a leaking faucet is an instance of corrective maintenance.
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URGENT!!! PLEASE HELP Match the steps with description. In order from 1-9
- Finalize recruitment
- Develop position description
- Select candidate
- Conduct interviews
- Assemble selection committee
- Identify vacancy and evaluate need
- Develop recruitment plan
- Review applicants and develop short list
- Post position and implement recruitment plan
In order:
Identify vacancy and evaluate need
Develop position description
Develop recruitment plan
Post position and implement recruitment plan
Review applicants and develop short list
Assemble selection committee
Conduct interviews
Select candidate
Finalize recruitment
Jessica has an insurance policy that will pay her an annual annuity of $590 at the end of each year for a total of 8 consecutive years. However, the terms of the policy are such that the annuity's first payment will not be made until the end of year 4. Determine the present value of Jessica's policy if the interest rate is 3%.
Present value of Jessica's policy after the end of year 4 with interest rate of 3% is $2,193.09
PV Ordinary Annuity = C × [ 1 - ( 1 + i ) ⁻ⁿ / i ] C = Cash flow per period (payment amount), i = Interest rate, n = Number of payments
= 590 × [ 1 - ( 1 + 0.3) ⁻⁴ / 0.3]
= 2,193.09
The worth of an anticipated income stream assessed as of the date of valuation is known as present value (PV), sometimes known as present discounted value. Due to the ability of money to generate interest, or the time value of money, the present value is often less than the future value, with the exception of periods when interest rates are zero or negative, in which case the present value will be equal to or greater than the future value. The shortened expression "A dollar today is worth more than a dollar tomorrow" can be used to explain time value. 'Worth more' here denotes that it is worth more today than it will be tomorrow.
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Which company is expecting to gain the majority of its returns on existing investments?
a. Dell
b. Johnson & Johnson
c. Procter & Gamble
d. Phillips Petroleum
The majority of the returns on the company's existing investments are what Phillips Petroleum expects to see.
Company Phillips Petroleum:The Phillips Petroleum Firm was a 1917-founded American oil company that later diversified into the industries of natural gas production, petroleum refining, marketing, and transportation. On December 23, 1969, Phillips Petroleum made the first oil discovery in the North Sea at a location that would subsequently bear the name Ekofisk.
Conoco Inc. and Phillips Petroleum merged on August 30, 2002, creating ConocoPhillips, the second-largest refinery and third-largest integrated energy corporation in the US. The business relocated its main office to Houston.
ConocoPhillips divided into two distinct businesses in 2012. The original business retained its name and separated the midstream and downstream operations.
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What are the elements of business environment?
1. Economic environment: This includes factors such as inflation rate, interest rate, economic growth rate, disposable income and the purchasing power of consumer.
2. Social environment: This includes factors such as population, values and culture, education level and demographics.
3. Political environment: This includes factors such as government policies, regulations and tax laws.
4. Technological environment: This includes factors such as availability of the technology, innovation and research and development.
5. Legal Environment: This includes factors such as laws, regulations and court decisions that affects the businesses.
6. Natural environment: This includes factors such as climate, natural resources and pollution.
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Which of the following countries would likely view a business contract as a binding document?
1_Mexico
2_Japan
3_Greece
4_Germany
this is business question
North Americans, Scandinavians, and Germans tend to be logical, analytical, and action-oriented communicators.
Which of the following nations' communication cultures exhibits the most context?Even more Asian and African nations lag behind Japan, which has the greatest context culture in the world. This is a crucial consideration when comparing communication techniques between cultures.
What do high context and low context nations mean?Low-context cultures are frequently rational, analytical, goal-oriented, and person-focused. In high-context societies (like those in Japan, China, and Arab nations), the listener is already "contextualized," therefore little background information is required.
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What is an example of high opportunity cost?
Let a person has A illustration of opportunity cost. He has Rs. 50.000 in his possession, and he can either keep it with him at home or deposit it in the bank, where it will earn interest at 4% per year.
As a result, the opportunity cost of keeping money at home is Rs. 2000 per year, in contrast to the Bank.
What exactly is a high opportunity cost?Your opportunity cost is the value of what it would have cost to rent elsewhere, assuming that other options were less expensive. The opportunity cost can be high at times, as if you passed up the chance to rent a great corner store for just $2,000 per month.
What is the name of opportunity cost?The next best option is commonly referred to as opportunity cost. The loss of gain that could have been gained if another option was chosen is also referred to as the alternative cost. It can also be defined as the loss of a benefit as a result of making a different choice.
How significant is opportunity cost?When making decisions, the idea of opportunity cost is used to help people and businesses make better choices, primarily by considering the alternatives. The cost and benefit of each option are included in opportunity costs, which can sometimes be difficult to estimate. Opportunity costs are based on the future.
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you are not liable for damage to property next to a street or highway if in a collision.
False If you're in a collision that damages any property, you must find out who the proprietor is and give them your information. You can no way be held liable for trying to help someone.
Under the Good Samaritan Law, you can not be held liable for trying to help someone at a business collision if you helped in good faith. You may get in the way of the exigency labor force or decelerate the business if you stop to see what is going on. Another major problem you could encounter after scraping the bottom of your auto.
The repeated impact of collision damage the oil painting visage, discriminational casing, or transmission casing. Braking too hard and locking the bus. Turning the bus too sprucely. Supplying too important power to the driving bus, causing them to spin. The type of road face and condition affect the vehicle's ability to maintain traction.
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What is the future value of $5,700 invested for 18 years at 9.3 percent compounded annually A) $28,251.26 B) $27,513.06 C) $27.520.22 D) $26,397.74 E) $26,887.59
The future value of $5,700 invested for 18 years at 9.3% compounded annually is $28,251.26.
Future value = P × (1 + r / m) ∧mt
Future value = $5,700 × (1.093)^18
= $28,251.26
In the case of compound interest, interest is accrued not only on the initial main investment but also on any prior interest accrued on the investment. Depending on the terms and conditions of the investment, the compounding of interest can be done across a variety of time frames, such as daily, monthly, quarterly, semi-annually, and annually. The different instances where the compound interest formula can be employed are explained by the examples of compound interest formulas that follow. As can be seen, considering the other information available, the compound interest formula is a highly helpful tool for estimating the future value of an investment, rate of investment, etc.
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What might happen if an economy is unable to produce wanted goods and services people will go without them people will look elsewhere for them?
People may start looking elsewhere for them if an economy is unable to supply the desired products and services.
What may occur if a country's economy is unable to produce?People will shop elsewhere if an economy is unable to supply the desired goods and services. Customers will go where their want is satisfied if their desire is not met by the existing economy. An economy must thus create the goods and services that consumers want in order to satisfy their demand.Since society only has a certain amount of resources, it is unable to provide all the products and services that people desire.People may start looking elsewhere for them if an economy is unable to supply the desired products and services.To learn more about economy refer to:
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Answer:its B
Explanation: yes
The number of new buinee that opened ha been the ame or over the number that have cloed. Talk about a couple of reaon you think people continue to tart buinee even though the lat few year have been difficult with the hut down, upply chain problem, and runaway inflation
The reasons new business keeps on opening even during difficult economic times are opportunities for potential financial gain, desire for self-employment, and passion for business.
People may continue to start new businesses during difficult economic times for several reasons. They may see it as an opportunity for financial gain, desire for self-employment, changing consumer trends, or pursuing a unique idea or passion. The COVID-19 pandemic has led to many people losing their jobs, driving them to start their own business as a way to gain stability and control over their careers. Additionally, businesses that cater to the new market needs like e-commerce and logistics may have higher chances of success. Entrepreneurs may also see a gap in the market or a new opportunity that they believe they can capitalize on.
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Your question seems to be missing, but I assume the complete question was:
"The number of new business that opened has been the same or over the number that have closed. Talk about a couple of reasons you think people continue to start business even though the last few year have been difficult with the shut down, supply chain problem, and runaway inflation."
Which of the following statements is true of the factors that affect an advertising budget?
A. Brands in less-differentiated or commodity-like product classes require very less advertising to establish a unique image
B. New products typically merit large advertising budgets to build awareness and to gain consumer trial
C. In a market with few competitors and moderate advertising spending, a brand ust advertise more heavily to be heard
D. Established brands usually are supported with high advertising budgets, measured as a ratio to sales
New merchandise typically benefit large advertising budgets to construct cognizance and to reap purchaser trial.
how does advertising work in an economy?Modern client economies are pushed by way of the demand stirred via advertising for products. The demand contributes to monetary increase and prosperity.
What elements ought to be considered whilst putting the advertising price range Mcq?Product life cycle and market share.
Product type and advertising agency.
Market share and buying power.
Share charge and organisation image.
Which of the elements affects advertising budget?It relies upon on the target audience, target market, and company's marketing goals. Online media, for example, is cheaper than television advertising.
Their range is tremendously the same.
However, tv marketing may also be greater fantastic for some household products than for others.
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compare the following to dtermine which is not a way that companies can reduce the risk of new product failures
Companies can save money by including customers in the product development process early on and getting their buy-in commitment. Alternatives exist. Some corporations are asking for new product ideas from customers and pursuing the most popular ones.
Companies aim to create what clients want, when they want it, without overstocking. Given customers' rapidly changing preferences, variety of needs, and micro-segmentation of numerous product categories, manufacturing nirvana is becoming harder to achieve. Many consumer goods companies must now serve niche markets to thrive and avoid price competition.
Forecasting new product specifications and sales volumes are growing harder. New goods generally fail at 50% or more, according to recent studies1. Misunderstanding client needs is to blame. Thus, many new goods fail due to market failure, not technological issues. Thus, studies have indicated that timely and trustworthy client preferences and requirements are the most crucial information for product creation. 2 Many firms have invested heavily in traditional market research to gather such data, albeit often unsuccessfully.
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The right way of asking this question is:
Compare the following to determine which is NOT a way that companies can reduce the risk of new product failures.
A. carefully listen to the customer for new product ideas
B. understand current market trends to anticipate demand
C. be willing to fail on occasion
D. anticipate changes in the marketplace
E. skip steps in the development process to market a product sooner
An increase in the rate of inflation would be most likely to result from a(n):
A) decrease in spending by the federal government. C) rise in interest rates.
B) rise in the unemployment rate. D) increase in the supply of money in circulation
A large decrease in the money supply would tend to:
A) reduce the supply of gold held by the federal government.
B) create shortages that would cause prices of goods and services to rise.
C) throw the economy into a recession.
D) reduce the size of the federal government's deficit.
The expansion of the available supply of currency is Option (D).
How does supply of money work?The total amount of money held by the general public at any particular time is referred to as the "money stock" or "money supply" in macroeconomics. Although there are many different ways to define "money," typical metrics frequently include money in circulation and demand deposits (depositors' easily available assets documented on financial institutions' books). A country's central bank is permitted to define what counts as legal tender on its own terms.
Data on the nation's money supply are normally gathered and released by a government agency or the central bank. Both public and private sector specialists monitor changes in the money supply because they think that fluctuations in the money supply have an effect on inflation, economic cycles, currency rates, and security prices.
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Which of the following securities represents an unsecured promissory note issued by a corporation?
A. Certificates of deposit
B. Savings accounts
C. Commercial paper
D. Money market fund
The securities listed below reflect an unsecured promissory note issued by a business: Commercial-grade paper
Commercial Paper: What Is It?Unsecured, short-term debt issued by corporations is known as commercial paper. Short-term liabilities like payroll, accounts payable, and inventories are frequently financed in this way. The face value of commercial paper is typically discounted when it is issued. It displays current market interest rates.
A certain sum of money is involved with commercial paper, and it must be paid back by a specific deadline. The minimum amount is $100,000. Terms range from one to 270 days until maturity.
When New York merchants started to sell their short-term commitments to dealers in order to get funds needed to meet near-term obligations, commercial paper was first introduced more than 150 years ago.
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According to the interest parity condition, if the domestic interest rate is 12 percent and the foreign interest rate is 10 percent, then the expected ________ of the foreign currency must be ________ percent. depreciation; 4 appreciation; 2 appreciation; 4 depreciation; 2
According to the interest parity condition, if the domestic interest rate is 12 percent and the foreign interest rate is 10 percent, then the expected depreciation of the foreign currency must be 2 percent.
Give a brief account on domestic interest rate.To meet certain economic objectives, a nation frequently adopts monetary policy that affects the country's interest rates. The nation is purposefully influencing the money supply, credit availability, and borrowing costs whether it is trying to spur employment growth or control inflation. As a result, modifications to the country's monetary policy that affect interest rates modify the value of its currency. The value of that nation's currency will vary as a result of an increase or decrease in interest rates, with subsequent effects on the value of the global exchange rate.
The value of a nation's currency typically rises when interest rates are higher. The demand for and value of the domestic currency rises when interest rates are higher because they tend to draw in foreign investment. Lower interest rates, on the other hand, are sometimes unappealing for foreign investment and reduce the currency's relative value.
Hence, option (d) can be considered as relevant.
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Each call option contract brings together a buyer and a seller (also known as a writer). Which of the following describes the profit and loss potential of call option writers ?
A. Unlimited upside and limited downside B. Limited upside and unlimited downside
C. Unlimited upside and unlimited downside D. Limited upside and limited downside
The profit and loss potential of call option writers is limited to the upside and downside. Writers of call options, also known as sellers, assume the risk of the contract and are obligated to sell the underlying asset to the buyer at the strike price if the option is exercised.
The maximum profit for the seller is the premium that has been collected from the buyer, while the maximum loss is unlimited because market prices could rise significantly above the strike price. This is because the seller is obliged to sell the underlying asset at the strike price regardless of the market price. For example, if the strike price is $50 and the market price is $75, the seller will be required to sell the underlying asset for $50, resulting in a loss of $25.
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The choice between a limited contract and an unlimited contract depends on your personal circumstances, career goals, and priorities. A limited contract offers job security for a specified duration, while an unlimited contract provides flexibility and greater job mobility. Consider factors such as job stability, flexibility, career goals, compensation and benefits, and industry norms when making your decision. It is essential to review and understand the terms and conditions of each contract type before accepting an offer to ensure it aligns with your professional aspirations.
As a new employee in the UAE, you may be offered a choice between a limited contract and an unlimited contract. Each type of contract has its own advantages, and your decision should depend on your personal circumstances and career goals.
1. Limited Contract:
- A limited contract, also known as a fixed-term contract, is valid for a specific duration, usually between one to three years.
- The advantage of a limited contract is that it provides job security for the agreed-upon period. You can plan your finances and future commitments accordingly.
- UAE labor laws state that a limited contract can only be terminated by mutual agreement between the employer and employee, or if either party violates the contract terms. This protects employees from sudden job termination without valid reasons.
- If an employer terminates a limited contract before its expiry, they may be liable to pay compensation to the employee.
- Limited contracts also provide the opportunity to negotiate better benefits and salary packages since they are typically longer-term commitments for the employer.
2. Unlimited Contract:
- An unlimited contract, also known as an open-ended contract, does not have a specific duration. It continues until either the employer or employee terminates it.
- The advantage of an unlimited contract is flexibility. It allows you to change jobs more easily if better opportunities arise.
- UAE labor laws state that both the employer and employee have the right to terminate an unlimited contract by giving a notice period, usually between one to three months.
- Additionally, an unlimited contract offers greater job mobility, allowing you to explore different industries or companies without the constraints of a fixed-term commitment.
- It is important to note that an unlimited contract does not guarantee job security for an extended period, as termination can occur with proper notice.
When deciding between a limited contract and an unlimited contract, you should consider the following factors:
1. Job Stability:
- If you prioritize job stability and prefer a long-term commitment, a limited contract may be the right choice. It provides security for a specific duration and ensures that your position is protected, subject to the terms of the contract.
2. Flexibility:
- If you value flexibility and want the option to explore other job opportunities or change industries more easily, an unlimited contract may be preferable. It allows you to terminate the contract with proper notice and provides greater job mobility.
3. Career Goals:
- Consider your long-term career goals and how each type of contract aligns with them. If you are looking for stability and growth within a specific organization, a limited contract may be more suitable. On the other hand, if you aspire to gain diverse experiences and have the freedom to switch jobs, an unlimited contract might be the better choice.
4. Compensation and Benefits:
- Evaluate the compensation and benefits offered under each type of contract. Some employers may offer more attractive packages for limited contracts, while others may provide similar benefits for both contract types. Take into account factors such as salary, bonuses, medical insurance, and vacation days when making your decision.
5. Company Culture and Industry Norms:
- Research the company culture and industry norms in the UAE. Some sectors may predominantly offer limited contracts, while others may favor unlimited contracts. Understanding these dynamics can help you make an informed decision based on your industry and the specific organization you are joining.
In conclusion, the choice between a limited contract and an unlimited contract depends on your personal circumstances, career goals, and priorities. A limited contract offers job security for a specified duration, while an unlimited contract provides flexibility and greater job mobility. Consider factors such as job stability, flexibility, career goals, compensation and benefits, and industry norms when making your decision. It is essential to review and understand the terms and conditions of each contract type before accepting an offer to ensure it aligns with your professional aspirations.
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A customer wishes to invest in corporate bonds that offer minimum market risk. Which recommendation is appropriate
This suggestion is appropriate given that "interest rates are dropping."
What function do corporate bonds serve?They are an important source of finance for many businesses, along with equity, bank loans, and lines of credit. They are typically offered to provide the fast money required for a certain project the business wants to undertake.
Corporate bonds are the debt securities that corporations offer to bondholders in order to raise money.
Corporate bonds are typically seen as the "yin" to the "yang" of stocks and are a crucial component of any balanced portfolio.
Compared to stocks, corporate bonds offer more diversity, more liquidity, and less volatility, but they also frequently have lower long-term returns and carry credit and interest rate risk.
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In florida and some other states, cellular emergency calls are directed to the state police (*__________ on your cellular phone)
I need help with this. Is it
FPH
FHP
HPF
HFP
In Florida and some other states, cellular emergency calls are directed to the state police (*FHP on your cellular phone).
What is FHP?A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol. The primary law enforcement organization in charge of looking into traffic accidents and breaking the law on Florida's highways is the state's highway patrol. A total of 2,496 full-time employees, including 1,982 sworn positions and 514 non-sworn positions, are permitted for the Florida Highway Patrol. For Human Peoples, Forest Health Protection (USDA Forest Service), Fractional Horsepower, and Functional Health Pattern are all abbreviations for For Human Peoples. A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol (FHP). Upholding highway safety is the Florida Highway Patrol's (FHP) top priority. Troopers achieve this by patrolling frequently and carrying out enforcement.
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The sales charge on a fund with a Net Asset Value of $9.50 and a Public Offering Price of $10.00 is:
The greatest overall "front-end load" or sales fee that might be tacked on to the acquisition of mechanical fund shares. This compensation reimburses a financial expert for their services.
Why is $1 NAV important?The primary safety element of the money market funds is a stable negative asset value (NAV). Because it consistently maintains a $1.00 value, a stable NAV suggests that the likelihood of the fund squandering principal or "breaking a buck" is reduced.
How do you factor in NAV and sales fee when calculating pop?The POP is the total of the sales fee and net asset value that an owner must pay in order to invest. Navi + Scs = POP is the equation used to calculate the POP. The net asset value of the mutual fund is multiplied by the sales charge to arrive at the POP, the public offering price.
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Which of the following is an accurate statement regarding Alternative Dispute Resolution (ADR)?
a. It is a much slower process than litigation.
b. It keeps the parties involved talking rather than fighting.
c. It tends to be more expensive than litigation.
d. It only takes place in federal courts.
Alternative dispute resolution (ADR) refers to a variety of methods that people might use to settle problems amicably and It keeps the parties involved talking rather than fighting. so correct option is b.
ADR, or alternative dispute resolution, is what it stands for.Alternative conflict resolution, often known as external dispute resolution, is a broad phrase that refers to a number of dispute resolution techniques and tactics that parties may use to settle problems with the help of a third party. They are used when conflicting parties cannot come to an agreement without turning to litigation. ADR, or alternative dispute resolution, is the umbrella name for a number of out-of-court dispute settlement techniques. Examples of typical ADR practices include arbitration, neutral assessment, and mediation. Compared to regular court sessions, these processes are typically more private, relaxed, and informal.
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in the past 90 years, the stock market has had positive returns, averaging 10% annually.
The statement above is true. The stock market has had positive return 10% annually in the past of 90 years.
A stock market in economic and business also called as equity market, or also share market. A stock market generally can be defined as the aggregation of sellers and buyers of stocks such as securities listed on a public stock which represent ownership claims on businesses. In the stock market, A positive return generally can be described as the project or business you invested in generates more money than you put into it.
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A zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated interest rates are 12% annually (with semi-annual compounding) how much would you pay today for a zero-coupon bond with a face value of $1,600 that matures in 11 years
The portion of a bond's face value that is paid in interest each year is referred to as its coupon rate. Therefore, a bond with a zero coupon rate is one that doesn't pay interest.
Bonds with zero coupon rates do not accrue interest throughout the course of their lifetime. Instead, buyers purchase zero-coupon bonds at a significant discount to face value, which represents the sum the buyer will get when the bond "matures" or becomes due. The bond with the highest responsiveness has a lengthy maturity (often 20 to 30 years) and bears no interest. Consequently, long-dated zero-coupon bonds react to changes in interest rates the greatest.
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Which of the following will happen if the actual inflation rate is greater than the expected inflation rate
When the rate of inflation is different than anticipated, the quantum of interest repaid or earned will also be different than what they anticipated.
The contrary goods do if affectation is lower than anticipated, the borrower loses, and the lender wins. When the rate of inflation is different than anticipated, the quantum of interest repaid or earned will also be different than what they anticipated. When affectation is more advanced than anticipated, the borrower is better off, and the lender is worse off.
Lenders are hurt by unexpected affectation because the plutocrat they get paid back has lower purchasing power than the plutocrat they lent out. This is the substance of affectation prospects. Rising affectation makes people believe that prices will rise again in the future, causing them to demand pay envelope increases and not delay purchases. Meanwhile, businesses boost their prices to accommodate advanced stipends and demand, increasing affectation.
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Which is true about scarcity ?
The option that is true about scarcity is a. Scarcity refers to the situation in which unlimited wants exceed limited resources.
Scarcity is a concept that is fundamental to economics. It is the idea that resources are limited and that wants are unlimited. In other words, there are not enough resources to satisfy all the wants that exist. Hence, option a is true.
This means that, in order to make the most of our resources, we must choose how to use them wisely.
Scarcity forces us to prioritize our needs and make decisions about how we will allocate our resources to ensure the most efficient use of them.
This is the basis of economics and understanding the concept of scarcity is essential for making informed decisions in our lives.
Although a part of your question is missing, you might be referring to this question:
Which of the following statements about scarcity is true? Select one:
a. Scarcity refers to the situation in which unlimited wants exceed limited resources.
b. Scarcity is not a problem for the wealthy.
c. Scarcity is only a problem when a country has too large a population.
d. Scarcity only arises when there is a wide disparity in income distribution.
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An agent is very satisfied with the work being done by his unregistered sales assistant and would like to compensate her with 5% of his commissions. Under the NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents, this would be
In accordance with NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, a broker may assert that US government bonds are guaranteed with respect to principle and interest payments.
According to the Uniform Securities Act, which of the following actions by a broker-dealer agent would be unethical?putting orders to sell stocks in a client's individual and joint accounts into action when the client's spouse gives the go-ahead.
Which of the following is not a part of what the Uniform Securities Act defines as an agent?People who represent ISSUERS in trading exempt securities, broker-dealer staff members who have no sales responsibility, and silent partners of broker-dealers are not considered agents under the definition of the term.
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Ronda is a college professor who earns an annual salary of $55,000 (paid biweekly). She performs an additional function as a tutor in the student center, for which she receives $21.83 per hour. During a biweekly pay period, Ronda worked 7.5 hours in the student center. What is her gross pay for the period
During a biweekly pay period, Ronda worked 7.5 hours in the student center. Her gross pay for the period will be $2279.11. Hence, option (a) will be considered correct.
What is gross pay?The total amount an employee receives before taxes and other deductions is known as their gross pay. For instance, if your employer pays you a salary of $40,000 per year, that represents a gross wage of $40,000. The biggest amount you see on your pay statement is frequently your gross salary. Based on the agreed-upon compensation or hourly rate, it represents the total sum that your employer pays you. When you work 30 hours in a pay period and your employer agrees to pay you $15 per hour, your gross income comes to $450. In essence, gross pay is the amount you receive before any deductions are made from it. Your real paycheck, or net pay, is the sum remaining after all withholdings have been made.
To solve the question :
Calculation of Gross Pay of Rhonda :
Salary for the biweekly Period = 2115.38 (55000 / 26)
Fees = 163.73 (21.83 × 7.5)
Gross Pay = $2279.11
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The complete question is mentioned below :
Ronda is a college professor who earns an annual salary of $55,000. She performs an additional function as a tuition teacher in the student center, for which she receives $21.83 per hour. During a biweekly pay period, Ronda worked 7.5 hours in the student center. What is her gross pay for the period? (Do not round intermediate calculations. Round final answer to 2 decimal places.) Multiple Choice
a.$2,279.11
b.$2,115.38
c.$2,455.39
d.$2291.67
Product costs flow through the inventory accounts until the goods are sold, at which time they are matched against sales on the ______. Multiple choice question. income statement statement of cash flows balance sheet'
The gross profit is calculated by comparing product costs, which pass through inventory accounts until the products are sold, with sales on the income statement.
The costs of direct labour, direct and indirect materials, and industrial overhead are considered product costs. They may also include the labour expenditures involved in providing a service to a client. When the items are sold or the services are provided, the flow of product costs via the several inventory accounts (raw materials, work in progress, finished goods) is matched against the sales to calculate the gross profit on the Income Statement.
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Determining the price elasticity of demand involves all of the following factors, but NOT
a. availability of substitutes.
b. slope of the supply curve. c. the selling price of the good d. luxuries versus necessities.
Answer:
B. slope of the supply curve.
Explanation:
Krause Industries’ balance sheet at December 31, 2016, is presented below.
KRAUSE INDUSTRIES
Balance Sheet
December 31, 2016
Assets
Current Assets
Cash $7,500
Accounts receivable 73,500
Finished goods inventory (1,500 units) 26,050
Total current assets 107,050
Property, Plant, and Equipment
Equipment $40,430
Less: Accumulated depreciation 10,090 30,340
Total assets $137,390
L
Sales budget (8,000 units at $32) $76,800 $256,000
Direct materials used 13,570 62,500
Direct labor 12,500 50,900
Manufacturing overhead applied 10,000 49,270
Selling and administrative expenses 16,660 75,000
To meet sales requirements and to have 2,500 units of finished goods on hand at December 31, 2017, the production budget shows 9,000 required units of output. The total unit cost of production is expected to be $18. Krause uses the first-in, first-out (FIFO) inventory costing method. Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes. In 2017, the company expects to declare and pay an $10,560 cash dividend.
The company’s cash budget shows an expected cash balance of $5,880 at December 31, 2017. All sales and purchases are on account. It is expected that 60% of quarterly sales are collected in cash within the quarter and the remainder is collected in the following quarter. Direct materials purchased from suppliers are paid 50% in the quarter incurred and the remainder in the following quarter. Purchases in the fourth quarter were the same as the materials used. In 2017, the company expects to purchase additional equipment costing $11,900. $9,437 of depreciation expense on equipment is included in the budget data and split equally between manufacturing overhead and selling and administrative expenses. Krause expects to pay $9,260 on the outstanding notes payable balance plus all interest due and payable to December 31 (included in interest expense $3,500, above). Accounts payable at December 31, 2017, includes amounts due suppliers (see above) plus other accounts payable of $8,250. Unpaid income taxes at December 31 will be $7,860.
(a) Prepare a budgeted statement of cost of goods sold.
KRAUSE INDUSTRIES
Budgeted Cost of Goods Sold
For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017December 31, 2017
Cost of Goods ManufacturedManufacturing Overhead AppliedCost of Goods Available For SaleDirect Materials UsedIncome Tax ExpenseNet Income / (Loss)Selling and Administrative ExpensesSalesInterest ExpenseCost of Goods SoldFinished Goods Inventory, 1/1/17Finished Goods Inventory, 12/31/17Direct Labor $
Cost of Goods ManufacturedCost of Goods Available For SaleFinished Goods Inventory, 1/1/17Selling and Administrative ExpensesCost of Goods SoldFinished Goods Inventory, 12/31/17Direct Materials UsedDirect LaborManufacturing Overhead AppliedIncome Tax ExpenseInterest ExpenseNet Income / (Loss)Sales
Cost of Goods Available For Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods Inventory, 12/31/17 Finished Goods Inventory, 1/1/17 Direct Materials Used Direct Labor Manufacturing Overhead Applied Income Tax Expense Interest Expense Net Income / (Loss) Sales Selling and Administrative Expenses $ Cost of Goods Manufactured Direct Materials Used Net Income / (Loss) Cost of Goods Available For Sale Manufacturing Overhead Applied Cost of Goods Sold Finished Goods Inventory, 12/31/17 Sales Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Direct Labor Income Tax Expense Interest Expense
Cost of Goods Sold Selling and Administrative Expenses Finished Goods Inventory, 1/1/17 Cost of Goods Available For Sale Finished Goods Inventory, 12/31/17 Direct Labor Direct Materials Used Income Tax Expense Manufacturing Overhead Applied Cost of Goods Manufactured Net Income / (Loss) Interest Expense Sales
Net Income / (Loss)Direct Materials UsedDirect LaborManufacturing Overhead AppliedInterest ExpenseIncome Tax ExpenseSalesSelling and Administrative ExpensesCost of Goods SoldCost of Goods Available For SaleCost of Goods ManufacturedFinished Goods Inventory, 12/31/17Finished Goods Inventory, 1/1/17
Cost of Goods Available For SaleCost of Goods ManufacturedNet Income / (Loss)SalesSelling and Administrative ExpensesManufacturing Overhead AppliedDirect Materials UsedFinished Goods Inventory, 1/1/17Cost of Goods SoldDirect LaborFinished Goods Inventory, 12/31/17Interest ExpenseIncome Tax Expense
Direct LaborCost of Goods Available For SaleSelling and Administrative ExpensesNet Income / (Loss)Manufacturing Overhead AppliedCost of Goods SoldFinished Goods Inventory, 1/1/17Interest ExpenseIncome Tax ExpenseSalesDirect Materials UsedCost of Goods ManufacturedFinished Goods Inventory, 12/31/17 $
A balance sheet is a report created to determine the values of a company's assets and liabilities as of a specific date.
Describe what an asset is.If you can sell your possessions for money, they are your assets. In accounting, every thing that a corporation controls or owns is referred to as an asset. Anything that was capable of being sold for money is eligible. The assets and liabilities listed on a balance sheet can be used to calculate the equity value.
Is money a form of asset?Personal assets are things that belong to that of a person or a family and have current or future value. Personal assets often include cash and also its equivalents, certificates of deposit (CDs), check and money market accounts money market accounts, real cash, and Treasury notes.
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Management has determined that your project must be completed by June 16. This date is an input to your planning process group and is considered what?
This date is an input to your planning process group and is considered Constraint and Organizational process asset.
Assets are any resources that a company or other economic entity owns or has control over in financial accounting. It encompasses anything that has the potential to generate gains in the economy. The ownership value of an asset is represented by its cash-convertible value. A company's assets are valued in dollars and are listed on its balance sheet. Money and other assets that belong to a person or a company are covered. Both tangible and intangible assets may be categorised into primary asset groups. Different subcategories of tangible assets exist, including current assets and fixed assets. While fixed assets are things like real estate, buildings, and equipment, current assets are things like cash, inventory, and accounts receivable.
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