Morgan has just completed writing a long company report. He should set it aside for at least a day before proofreading it is true. The correct option is T.
What is proofreading?Proofreading means carefully checking for errors in a text before it is published or shared. It is the very last stage of the writing process when you fix minor spelling and punctuation mistakes, typos, formatting issues and inconsistencies. It is essential for any text that will be shared with an audience, whether it’s an academic paper, a job application, an online article, or a printable flyer.
Proofreading is the final stage of the writing process when the paper is evaluated for mechanical correctness, such as grammar, punctuation, spelling, omitted words, repeated words, spacing and format, and typographical errors.
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exercise 3-1 (static) determining when to recognize revenue lo c1 for each of the following separate situations, determine how much revenue is recognized in december (using accrual basis accounting). on december 7, oklahoma city thunder sold a $90 ticket to a basketball game to be played in march. tesla sold and delivered a $58,000 car on december 25. the customer will not pay until february. deloitte signs a contract on december 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. on december 31, 75% of the services have been completed.
Under accrual basis accounting, revenue is recognized when it is earned, not when it is received. Therefore, for each of the situations described in the question, we must determine when the revenue is earned in order to determine how much revenue is recognized in December.
1. Oklahoma City Thunder sold a $90 ticket to a basketball game to be played in March.
Since the game will not be played until March, the revenue is not earned in December and therefore no revenue is recognized in December.
2. Tesla sold and delivered a $58,000 car on December 25. The customer will not pay until February.
Since the car was delivered in December, the revenue is earned in December and therefore $58,000 of revenue is recognized in December.
3. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. On December 31, 75% of the services have been completed.
Since 75% of the services have been completed by December 31, 75% of the revenue is earned in December and therefore $7,500 of revenue is recognized in December.
In summary, the amount of revenue recognized in December for each situation is as follows:
1. Oklahoma City Thunder: $0
2. Tesla: $58,000
3. Deloitte: $7,500
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Say that bianca has take-home pay of $800, she budgets every cent out at the start of the month, and she then she needs less gas money than expected in august. She no longer spends the full $65 she budgeted there. What should she do with the leftover?.
The leftover amount in any budget is better to invest than to save as investment gives higher returns.
What it means to invest is to make a current financial commitment in the hopes of future growth. The use of capital—such as time, money, effort, etc.—with the hope of receiving a return higher interest than the initial investment is known as investing. Due to their utility in producing future income, bonds, equities, real estate, and alternative assets are all regarded as investments. The market rate of interest has a significant influence on the decisions that manufacturers make on investments, including whether to purchase new machinery. But, for the sake of simplicity, we assume that enterprises intend to invest the same sum each year.
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list the four steps involving analysis when accounting for a department's activity, with the first step listed on top. instructions choice 1 of 4. assignment and reconciliation toggle button assignment and reconciliation choice 2 of 4. equivalent units toggle button equivalent units choice 3 of 4. cost per equivalent unit toggle button cost per equivalent unit choice 4 of 4. physical flow toggle button physical flow
The four steps involving analysis when accounting for a department's activity, with the first step listed on top, is
1. Determine the physical flow of units.
2. Compute the equivalent units of production.
3. Compute the cost per equivalent unit of production.
4. Assign and reconcile costs.
What is the department's activity?The department's activities defined the functioning of departments based on the priority of tasks in an organization. This department segregated each task.
When accounting first determines the flow of goods physically in the bsuiness, then based on this flow, a unit of production is calculated, and then cost assignment and reconciliation are done.
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Effective texting during workplace meetings includes which of the following?
prompting team members about topics to cover
asking for information from colleagues or clients outside the meeting
Texting team members during meetings at work might be effective if you suggest topics in advance in workplace.
What is workplace?A workplace, also known as a place of employment, is a place where employees carry out duties, jobs, and projects on behalf of their employer. Workplaces can be found outside or within buildings and vary by industry. Some people may work in different locations on different days, and workplaces might be mobile. An example of your workplace is the office where you go to work each day to perform your duties. The primary point of contact between a workflow system user and an end user is the business workplace. All missed deadline work items and dialogue work items for which the end user is a designated recipient are stored in their respective Workflow inboxes. Example. You are in charge of approving leave requests as the department head.
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Consider the parental cross rY x Rr, where r is the trait/disease allele, and R is the wild-type allele. The mode of inheritance is sex-linked recessive. Unlike other exercises, this cross is not true-breeding, as the female is heterozygous. The same rules of Punnett squares apply.
Compute the ratios (Disease phenotype):(Wild-type phenotype) for the F1 and F2 generations. To compute proportions in the F2 generation, select males in the F1 generation who are affected and females who are unaffected.
Finally, show your work in part by providing the Punnett squares for the F1 and F2 generations.
A heterozygous genotype may include one normal allele and one mutated allele or two different mutated alleles.
What is the meaning of heterozygous?A gene region where there are two distinct alleles present. One normal allele and one mutated allele, or two distinct mutated alleles, can make up a heterozygous genotype.
You have a heterozygous genotype for such a gene if the two versions differ from one another. For instance, having one gene for red hair and one allele for brown hair could indicate that you are heterozygous for hair color. Which qualities are expressed depends on how the two alleles are related.
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The _____ is a way for organizations to improve the collection and communication of financial and operating information.
Performance dashboard
Financial bottom-line
Holistic perspective
Performance perspective
By utilizing the (A) performance dashboard, organizations can improve the collection and presentation of financial and operational data.
What is a performance dashboard?Performance dashboards are popular management tools that are used to evaluate performance and give businesspeople the ability to measure, monitor, and control the crucial tasks and procedures required to meet organizational objectives.
Organizations can enhance the gathering and dissemination of financial and operational data by using the performance dashboard.
This kind of dashboard often includes crucial data regarding each employee's daily and weekly performance, such as the quantity and quality of jobs they've performed.
This data is used by managers to assess a worker's performance in relation to several KPIs.
A performance management system is actually just a performance dashboard.
It enables entrepreneurs to measure, monitor, and manage the crucial processes and activities required to accomplish their objectives in addition to communicating strategic objectives.
Therefore, by utilizing the (A) performance dashboard, organizations can improve the collection and presentation of financial and operational data.
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Complete question:
The _____ is a way for organizations to improve the collection and communication of financial and operating information.
A. Performance dashboard
B. Financial bottom-line
C. Holistic perspective
D. Performance perspective
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying
advertising is often technical in nature.
promotions of all kinds are avoided.
price is firmly quoted and attempts at negotiation are considered bad form.
distribution is of negligible importance.
product quality is assumed among sellers and is rarely a buying criteria.
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying, advertising is often technical in nature is advertising is often technical in nature. Option (A) is correct.
What is a Marketing mix?The marketing mix classifies the set of actions, or tactics, which is used by a company to promote its brand or product in the market. The 7Ps of the marketing mix are product, pricing, place, promotion, physical evidence, people, and processes.
Consumers purchase many commodities to use to satisfy their needs. Organizational buyers buy limited goods to use to conduct business. Unlike the consumer buying process, organizational buying involves decision-making by a group of people and enforcing rules for making decisions.
Therefore, Option (A) is correct.
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Identify whether each of the following statements is true or false.
a. If inflation is expected to decrease in the future and the real rate is expected to. remain steady, then the Treasury yield curve is downward sloping. (Assume MRP = 0.) b. The default risk on Walmart's short-term debt will be higher than the default risk on its long-term debt. c. The yield curve for a BBB-rated corporate bond is expected to be above the U.S. Treasury bond yield curve. d. Yield curves of highly liquid assets will be lower than yield curves of relatively illiquid assets.
True: The Treasury yield curve slopes downward if future inflation is anticipated to decline and real interest rates are anticipated to remain stable. (Presume MRP is 0).
How much does the Treasury yield?The effective yearly interest rate, or "treasury yield," that the United States government pays on a certain debt obligation is given as a percentage. In other words, Treasury yield is the annual return that investors might anticipate from holding a specific maturity of U.S. government assets.
Treasury rates have an impact on investors' earnings from purchasing government bonds as well as how much the government has to pay to borrow money. Additionally, they affect the interest rates that individuals and companies pay on loans taken out to purchase property, automobiles, and equipment.
Treasury yields are another indicator of how investors view the outlook for the economy. Investor confidence in the economic outlook increases as long-term U.S. Treasury yields rise.
b. Untrue, The risk of Walmart defaulting on its short-term debt will be greater than the risk of its long-term debt.
c. True, A corporate bond with a BBB rating is anticipated to have a yield curve that is higher than the yield curve for US Treasury bonds.
d. It is true that yield curves for assets with high liquidity will be lower than those for assets with low liquidity.
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bank three currently has $700 million in transaction deposits on its balance sheet. the federal reserve has currently set the reserve requirement at 6 percent of transaction deposits. a. if the federal reserve decreases the reserve requirement to 4 percent, show the balance sheet of bank three and the federal reserve system just before and after the full effect of the reserve requirement change. assume bank three withdraws all excess reserves and gives out loans and that borrowers eventually return all of these funds to bank three in the form of transaction deposits. b. redo part (a) using a 8 percent reserve requirement. (Do not round intermediate calculations. Enter your answers in millions rounded to the nearest dollar amount.)
The statement of a company's assets and liabilities that is prepared for the balance sheet. Two perspectives exist: an asset, while the other is the equity share capital and liabilities, resulting in an equal balance.
A Balance Sheet: What Is It?A financial statement that details a company's assets, liabilities, and shareholder equity at a given time is referred to as a balance sheet. The basis for calculating investor returns and assessing a company's capital structure can be found in balance sheets.
In short, the balance sheet is a financial statement that shows what a company owns and owes and how much shareholders have invested. When performing fundamental analysis or calculating financial ratios, balance sheets can be combined with other significant financial statements.
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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories Beginning of period End of Period
Raw materials $ 39,000 $ 44,000
Work in process 10,000 19,100
Finished goods 53,000 34,800
Cost incurred for the period
Raw materials purchases $ 195,000
Factory payroll 250,000
Factory overhead (actual) Indirect materials used 11,000
Indirect labor used 57,500
Other overhead costs 95,000
1. Direct labor used (recorded as factory wages payable).
2. Indirect labor used (recorded as factory wages payable).
Prepare journal entries for the above transactions for the period.
Calculation of Direct Labor Used:
Direct labor cost = Factory payroll - Indirect labor used
Direct labor cost = $250,000 - $57,500
Direct labor cost = $192,500
What will be Journal Entries ?Journal Entry:
Work in Process Inventory $192,500
Factory Wages Payable $192,500
Recording of Indirect Labor Used:
Journal Entry:
Factory Overhead $68,500
Factory Wages Payable $68,500
Calculation of Factory Overhead:
Direct Labor Cost = $192,500
Predetermined Overhead Rate = 55% of Direct Labor Cost
Factory Overhead Applied = Direct Labor Cost x Predetermined Overhead Rate
Factory Overhead Applied = $192,500 x 55%
Factory Overhead Applied = $105,875
Underapplied Overhead = Actual Overhead - Factory Overhead Applied
Underapplied Overhead = $95,000 - $105,875
Underapplied Overhead = ($10,875)
Note: Since there is underapplied overhead, it will be closed to Cost of Goods Sold at the end of the period.
Recording of Raw Materials Purchases:
Journal Entry:
Raw Materials Inventory $195,000
Accounts Payable $195,000
Recording of Other Overhead Costs:
Journal Entry:
Factory Overhead $95,000
Accounts Payable $95,000
Transfer of Costs from Raw Materials to Work in Process:
Journal Entry:
Work in Process Inventory $44,000
Raw Materials Inventory $39,000
Raw Materials Inventory $44,000 - $39,000 = $5,000
Transfer of Costs from Work in Process to Finished Goods:
Journal Entry:
Finished Goods Inventory $19,100
Work in Process Inventory $19,100
Transfer of Costs from Finished Goods to Cost of Goods Sold:
Journal Entry:
Cost of Goods Sold $53,000
Finished Goods Inventory $53,000
Closing of Underapplied Overhead to Cost of Goods Sold:
Journal Entry:
Cost of Goods Sold $10,875
Factory Overhead $10,875
Note: Underapplied overhead is closed to Cost of Goods Sold at the end of the period
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Which president founded the SEC?
Answer:
Franklin D. Roosevelt
Explanation:
Franklin Delano Roosevelt founded the SEC on June 6, 1934
common methods used by bond issuers to induce bond holders to convert their bonds to common stock are (select all that apply.)
Answer:
Explanation:
Common methods used by bond issuers to induce bond holders to convert their bonds to common stock are (Select all that apply.)
Multiple select question.
Answers are:
favorable conversion ratios
additional cash
stock warrants
teresa is a self-employed civil engineer who uses her automobile for business. teresa drove her automobile a total of 12,000 miles during 2022, of which 5,600 were business miles before july 1 and 4,000 were business miles after june 30. the actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $6,400. teresa is eligible to use the actual or standard method. If required, round your answers to the nearest dollar.
a. How much is Teresa's transportation deduction based on the standard mileage method?
Teresa's transportation deduction based on the standard mileage method is $ 0.56 per business mile.
What is the standard mileage method?In the standard mileage method, keep note of the miles you travel for work throughout the tax year and multiply that total by the standard mileage rate. The normal mileage rate is 58.5 cents per mile for the first half of 2022 and increases to 62.5 cents per mile for the second half.
12,000 miles x 82% = 9,840 miles
9,840 miles x $0.56 = $5,510.4
Teresa's transportation deduction based on the standard mileage method: $5,510.4
Therefore, Teresa's transportation deduction based on the standard mileage method is $0.56 per business mile.
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frisco company's merchandise inventory account at year-end has a balance of $62,115, but a physical count reveals that only $61,900 of inventory exists. the adjusting entry to record this $215 of inventory shrinkage is: multiple choice account title debit credit merchandise inventory 215 inventory shrinkage expense 215 account title debit credit purchases discounts 215 cost of goods sold 215 account title debit credit cost of goods sold 215 purchases discounts 215 account title debit credit inventory shrinkage expense 215 cost of goods sold 215 account title debit credit cost of goods sold 215 merchandise inventory 215
Debit Cost of Goods sold by $215 and credit Merchandise Inventory by $215. Option (d) is correct.
What is Merchandise?Any item you can sell or buy is referred to as merchandise. The term “merchandise” refers to any good that is offered for sale; some examples are groceries at a supermarket, clothing in a retail setting, electronics online, and raw materials in a manufacturing facility.
A diminishing asset account is merchandise inventory. You expect to get full payment for the sale after the discount period, and you do. Within the discount period, you receive the decreased payment for the sale that you had anticipated. The asset account for cash is growing.
Therefore, Option (d) is correct.
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Suppose policymakers are considering a particular action in the market for heroin that would reduce consumer surplus. They may choose not to care about consumer surplus because
A. willingness to pay does not ever reflect economic well-being.
B. they do not respect consumers' preferences in any market.
C. they do not respect the preferences that drive buyer behavior for that good.
D. consumers are not the best judges of how much benefit they receive from the goods they buy.
They may choose not to care about consumer surplus because they don't pay attention to the preferences of buyers who are influenced by that product.
Option C is correct .
What would pique the interest of policymakers in consumer surplus?Managers can use consumer surplus to determine whether a product they are selling will be purchased. The goods will not be purchased by those whose willingness to pay is less than the price.
Consumer surplus :When consumers pay a price that is lower than what they are willing to pay for a product or service, this is known as a consumer surplus. It is a measure of the additional benefit consumers receive when they pay less than they were willing to pay for something.
What exactly are producer surplus and consumer surplus?The difference between what a consumer is willing to pay for a product and what they paid for it is referred to as the consumer surplus. The difference between the market price and the lowest price a producer is willing to pay to produce a good is called the producer surplus.
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next year, oak industries expects to spend a total of 204,400 machine hours producing five different products, while maple industries expects to spend a total of 212,600 machine hours producing six different products. both firms allocate overhead on the basis of machine hours. if oak anticipates a total overhead of $449,680 and maple anticipates a total overhead of $467,720, then
Both Oak industries and Maple Industries will have same pre-determined overhead rate and both the firms allocate overhead on the basis of machine hours.
What is pre-determined overhead rate?A predetermined overhead rate is the rate at which manufacturing overhead is applied to work-in-process inventory. Before the period begins, the predetermined overhead rate is calculated.
The pre-determined overhead rate is calculated as follows:-
Predetermined overhead rate = Estimated overhead/Estimated machine hours
Oak industries
= 449,680/204,400
= 2.20 per machine hour
Maple industries
= 467,720/212,600
= 2.20 per machine hour
Therefore, both the firms will have same pre-determined overhead rate.
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the human development index is a composite of three basic measures of human welfare. which of the following is not a component of the human development index?a. per capita income b. life expectacy rate c. literacy rate d. poverty rate
The Human Development Index (HDI) does not include a component for the percentage of infants with low weight.
What is HDI ?HDI comprises per capita GDP, educational attainment, and life expectancy at birth rate. Thus skip option (d) and select the right response.
A long and healthy life, access to information, and a reasonable level of living are the three main elements of human development that are captured by the Human Development Index (HDI).
The four elements that make up the Human Development Index (HDI)—mean years of schooling, expected years of schooling, life expectancy at birth, and gross national income (GNI) per capita—measure each nation's social and economic growth.
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Gains from Trade - End of Chapter Problem Large airlines sometimes engage in fuel hedging as a way to avoid wild changes in jet fuel prices. To fuel hedge, an airline purchases a futures contract from an oil company that states they will purchase a set quantity of jet fuel at a specific price in the future regardless of what the actual market price is in the future. a. The value of the hedge will when the price of jet fuel is higher. This is because there is more benefit for a company to protect from by locking in a low price now if the expectation is that jet fuel will be in the future. b. Southwest Airlines is known for its long-term hedging strategy that has allowed it to remain profitable even in the toughest times. The company was able to shield itself from higher fuel prices by purchasing fuel hedges even when prices were expected to be in the future. When jet fuel prices were actually much higher, the hedging kept their low and helped keep Southwest profitable.
a. The value of the hedge will increase when the price of jet fuel is higher because the airline has locked in a lower price through the futures contract. By purchasing the futures contract at a lower price, the airline can avoid paying the higher market price in the future, which can save them money and increase their profits.
For example, if an airline purchases a futures contract for jet fuel at $2.00 per gallon and the market price of jet fuel increases to $3.00 per gallon, the airline can still purchase the jet fuel at the lower price of $2.00 per gallon, which saves them money and increases their profits.What is the contract about?In terms of b. Southwest Airlines' long-term hedging strategy allowed the company to remain profitable even in tough times, as it shielded them from higher fuel prices. By purchasing fuel hedges when prices were expected to be low in the future, the company was able to lock in lower prices for fuel and avoid paying the higher market prices.
Therefore, When jet fuel prices were actually much higher than expected, the hedging kept Southwest's fuel costs low, which helped keep the company profitable. This demonstrates the benefits of a sound hedging strategy, which can protect a company from volatile market prices and help ensure its profitability in the long term.
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Scandinavian cultures do not rely heavily on social or nonverbal cues to convey meaning.
Individualism
Power distance
Context
Time orientation
In Japanese culture, employees show deference to their managers.
Time orientation
Communication style
Context
Power distance
In general, the Japanese do not like to be rushed into decisions.
Time orientation
Communication style
Individualism
Context
Answer:
1. Context
2. Power Distance
3. Time Orientation
Explanation:
Scandinavian cultures do not rely heavily on social or nonverbal cues to convey meaning - Context
In Japanese culture, employees show deference to their managers - Power distance
In general, the Japanese do not like to be rushed into decisions - Time orientation.
What is the cultural context?The external setting in which individuals develop and the ways in which culture shapes behavior are referred to as cultural context. In a group of people, culture refers to common meanings, concepts, and worldviews.
A structure for arranging life experiences is provided by short-term orientation, which is related to past and future events. A country's institutions and organization's power separation is measured by how much its less important leaders anticipate and accept the unequal power distribution.
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Fill in the blank: a _______ is a document that defines project goals and outlines what is needed to accomplish them.
a. project charter
b. risk analysis
c. cost-benefit analysis
d. project schedule
A project charter is a document that defines project goals and outlines what is needed to accomplish them.
What exactly is a project charter document?
While organizing a project, a project charter is a brief statement that outlines the main goals and advantages of the endeavor. It serves as a quick reference for the purposes of a project.
It serves as both a marketing tool and a reference point to keep the project on schedule. It is also helpful in gaining support from stakeholders.
How do project and team charters differ?
A team charter concentrates on a single team, its members, and how they will work together — frequently on numerous projects. A project charter outlines the specifications for a single undertaking that may include participants and materials from various organizations.
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The Expense form is used to record expenses that we pay for at the time we receive the product or service in which of the following ways?
A. Cash
B. Check
C. Credit Card
D. All of the choices are correct.
The correct option for this question is D. All of the choices are correct.
Why it is and what is a credit card?
The Expense form can be used to record expenses that are paid in cash, by check, or by credit card, at the time when the product or service is received.
The form provides a way to keep track of these expenses for accounting purposes and to ensure that they are properly documented and accounted for in financial records.
A credit card is a plastic card that allows the cardholder to borrow funds from a financial institution, typically a bank, to make purchases or pay for services.
When a purchase is made using a credit card, the cardholder is essentially taking out a loan from the financial institution, which must be repaid with interest according to the terms of the card agreement.
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during the current year, green bay company earned a gross profit of $350000, where as new england company earned a gross profit of only $280000. both companies had net sales of $900000. does this mean that green bay is more profitable than new england?
It does not necessarily mean that Green Bay is more profitable.
Why is it not necessarily so?While the gross profit of a company is a measure of profitability, it is not the only measure of profitability. Other factors, such as expenses, taxes, and other costs, can affect a company's overall profitability.
For example, Green Bay Company may have had higher expenses than New England Company, which would reduce its overall profitability even though it had a higher gross profit. Similarly, New England Company may have had lower expenses or a more favorable tax rate, which could increase its overall profitability despite its lower gross profit.
Therefore, without considering other factors that impact profitability, it would be incorrect to conclude that Green Bay is more profitable than New England solely based on their gross profits.
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Which one of the following is NOT an effective approach to cost-cutting that will aid company efforts to achieve a competitive advantage based on lower overall costs per pair sold than rival companies? A. Pursuing actions in each production facility that result in low labor costs per unit produced- ideally, the company's labor costs per pair produced in those geographic regions where it has production facilities should be at or very close to the industry-low in the benchmarks on p. of the FIR B. Producing 500 models/styles at each production facility so as to spread production run setup costs out over more models/styles and more branded pairs sold C. Striving to keep expenditures for search engine advertising and branded advertising to amounts that are below the industry-average in each region D. Producing branded footwear with an S/Q rating that is 1 to 2.5 stars below the regional averages (the company's regional S/Q ratings could be even lower if competition permits and/or if several rivals have S/Q ratings further below these averages) E. Building and operating production facilities in all four geographic regions so as to minimize or completely eliminate shipments of newly-manufactured pairs to distribution centers in a different geographic region
Paying manufacturing personnel is the simplest and only way for a business to acquire labor rates per pair produced that are below the enterprise average.
What are a corporation's key benefits?By creating a corporation, you can: Protect your assets. The fact that owners of businesses often have llcs and are not held personally liable for commercial debts is one of their key advantages. This implies that your home or vehicle cannot be used as collateral to satisfy business debts.
What qualities make a company?An organization called a corporation is one whose shareholders choose a board of managers to manage its operations. The corporation is responsible for the business's operations and financial condition.
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Which of the following clarifies information presented in the financial statements, as well as expands upon it where additional detail is needed? a. Management discussion and analysis section b. Report on adequacy of internal control c. President's state of the company report d. Report on fairness of financial statements
The correct option a. Management discussion and analysis section, clarifies information contained in the financial accounts and, where necessary, expands upon it.
Explain about the Management discussion and analysis?Executives evaluate the performance of the company in the management discussion and analysis (MD&A) portion of the annual report or quarterly filing of the corporation.
A description of compliance, threats, and development prospects, such as objectives and new initiatives, might also be included in this part.The MD&A segment does not undergo auditing and presents management's viewpoints.Businesses frequently have used the MD&A segment to reassure investors about the viability of the company's future ambitions.The MD&A part, however, is less useful because management does not desire to disclose too many of its future intentions in a legally mandated document that is accessible to the public.Thus, Management discussion and analysis section, clarifies information contained in the financial accounts and, where necessary, expands upon it.
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If cotton is used to produce towels, an increase in the price of cotton will result in which of the following changes in the towel market?
(A) A decrease in the demand for towels, which leads to a shortage of towels followed by an upward pressure on the price of towels
(B) A decrease in the demand for towels, which leads to a surplus of towels followed by a downward pressure on the price of towels
(C) a decrease in the supply of towels, which leads to a shortage of towels followed by upward pressure on the price of towels
(D) an increase in the supply of towels, which leads to a surplus of towels followed by downward pressure on the price of towels
(E) an increase in both the demand and supply of towels, which leads to a surplus of towels followed by upward pressure on the price of towels
The correct answer is (C) a decrease in the supply of towels, which leads to a shortage of towels followed by upward pressure on the price of towels.
What kind of fabric are towels?
The majority of towels are made of cotton, although they have also been fashioned from silk, synthetic materials, nettle, and wood. Cotton is a common fallback because, after processing, it is hydrophilic.
A reduction in towel supply causes a scarcity of towels and subsequent pressure on prices.
Therefore, Towels that are the nicest, smoothest, and most absorbent are made from premium Turkish and Egyptian cotton.
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The right response is (C) a reduction in towel supply that causes a shortage in towels and subsequent pricing pressure.
How does pressure work?Pressure is the term for the pressure exerted on the an unit of area of a surface. It operates opposite to the surface being applied pressure on. • Pressure is a force and the space it affects.
Describe a force?An object is going to be at rest or in motion as a result of forces. Think of a football lying still on the ground as an illustration. You must exert some force on the ball in order to move it in any direction
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under the doctrine of respondeat superior, an agent is liable for any harm caused to a principal by a third party. True or False?
Under the doctrine of respondeat superior, an agent is liable for any harm caused to a principal by a third party.----- False
What is the respondeat superior doctrine?
Under respondeat superior, an employer is responsible for any employee's careless actions or omissions while performing their duties . A finding of liability is not based on the employer's improper behavior because this is a purely dependent or vicarious theory of liability.
What are the principal and agent's obligations to third parties?Assuming the chief is limited by the demonstrations of his representative under the teaching of clear power or office of need, the chief is authoritatively obligated to the outsider. A disclosed principal might be responsible for money paid to his agent for doing business under his authority.
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In the market for gadgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for gadgets is 320 per month when there is no tax. Then a tax of $6 per gadget is imposed. As a result, the government is able to raise $1,500 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by a. 70 per month b. 250 per month c. 320 per month d.76 per month
The new equilibrium price is greater than it was before due to the tax, coming in at $18 per item.
How can it be calculated in detail?Using the tax revenue formula, we can get the new equilibrium quantity: Tax revenue is calculated as tax per unit times the quantity sold. We may calculate the new quantity by using the knowledge that the tax per unit is $6 and the monthly tax revenue is $1,500:
$250 x $6 multiplied by $1,500
The new equilibrium quantity is 250 items per month as a result. From the initial equilibrium quantity of 320 devices each month, this represents a reduction of 70 devices per month.
Hence, a. 70 per month is the right response.
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100 POINTS HELP Which account will not appear on a post closing trial balance?
A. accounts payable
B. cash
C. revenue
D. accounts receivable
Identify a true statement about the relationship between social responsibility and economic performance of companies.
a. Socially responsible companies always succeed in maximizing profits.
b. There is no guarantee that socially responsible companies will be profitable.
c. Businesses predominantly become less profitable when they become socially responsible.
d. A huge trade-off exists between being socially responsible and economic performance
A true statement about the relationship between social responsibility and the economic performance of companies there is no guarantee that socially responsible companies will be profitable. Thus the correct option is B.
What is Corporate social responsibility?Corporate social responsibility intends that the organization's operations should not affect the environment and the organization should be accountable for its activities.
Companies are more tend toward CSR in order to protect the environment and adopt an eco-friendly approach. This approach is linked to the social well-being of society but doe not guarantee the success of the organization in terms of revenue and sales.
Therefore, option B is appropriate.
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Which of the following items would be considered an input in the operations of a soft drink manufacturer? a) brand image b) bottling machines
Empty bottles would be considered an input in the operations of a soft drink manufacturer.
What is input in business?
A team or organisation uses inputs to carry out the activities, actions, and resources necessary to accomplish a certain goal or target. These are factors that businesses may influence, and business executives may believe that their capacity to recognise and apply the optimal inputs results in the production of their desired results. This means that an organization's inputs may be able to directly impact its outcomes, and knowing which inputs to install, modify, or concentrate on may help a firm gain a competitive edge over other companies in its market.
Contributions guarantee that an organization's final objectives are reachable and that the essential actions are taken to accomplish them. A few examples of inputs include office space, outside workers, or computer gear or software.
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