Answer:
The target is a re-seller
McGraw-Hill is a manufacturer
Explanation:
Purchasing Purell antibacterial soap from a target is re-seller, meaning the target is neither the producer nor the distributor of products but haven given name of such company like McGraw-Hill, one will know that McGraw-Hill is major publisher of books and their books are well local high school around the world. This makes the local high school that might bought from McGraw-Hill buying from a manufacturer
Final answer:
A clinic would likely buy Purell antibacterial soap from a retailer like Target, while a high school would purchase textbooks from a publisher such as McGraw-Hill. Soaps are considered disinfectants and must be chosen carefully to avoid environmental and health risks. Institutions must understand market demand and competitors when procuring such supplies.
Explanation:
A local clinic in need of more Purell antibacterial soap might purchase from Target, which is a retailer of soap, whereas a local high school in need of more textbooks might buy some from McGraw-Hill, which is a publisher. Clinics and schools, as institutions, often have to procure supplies that are essential to their operations, and they typically turn to specific types of businesses depending on their needs. For hygiene products like soap, a retailer is the go-to source, while educational materials like textbooks come directly from the publishers that produce them.
Soaps are vital in maintaining hygiene and are classified as disinfectants. They are not only widely used but are also environmentally friendly since they are biodegradable and do not lead to pollution. However, the use of mercury-based compounds and ingredients such as triclosan has been scrutinized due to health and environmental concerns, with triclosan posing risks similar to that of antibiotics rather than traditional disinfectants.
Understanding the market for these products is essential for institutions as well as companies. This involves recognizing the number of competitors already present in the market, the potential demand for the product, whether it's soap in a clinic or textbooks in a school, and the requirements for starting or expanding a company within this market.
A researcher at a large company has collected data on the beginning salary and current salary of 48 randomly selected employees.
The least‑squares regression equation for predicting their current salary from their beginning salary is [tex]\hat y[/tex] = - 2532.7 + 2.12 x.
Mrs. Kathy Jones started working for the company earning $19,000. She currently earns $40,000. What is the residual for Ms. Jones?
Answer:
$2252.7
Explanation:
Residual is calculated by taking the difference of observed and predicted value.
The regression equation is
y= - 2532.7 + 2.12 x.
Where, y is the current salary and x is the beginning salary.
Mrs. Kathy Jones beginning salary= $19,000.
Mrs. Kathy Jones observed current salary= $40,000.
Residual for Mrs. Kathy Jones=Mrs. Kathy Jones observed current salary-Mrs. Kathy Jones predicted current salary.
Mrs. Kathy Jones predicted current salary
y^= - 2532.7 + 2.12 (19000)
y^= - 2532.7 + 40280
y^=37747.3
Mrs. Kathy Jones predicted current salary =$37,747.3
Residual for Mrs. Kathy Jones= $40,000-$37,747.3
Residual for Mrs. Kathy Jones=$2252.7
The residual for Mrs. Kathy Jones is $2252.7.
The residual for Mrs. Jones is the difference between her actual current salary and the predicted salary from the regression equation, which is $1852.7.
Explanation:The residual in a regression analysis is the difference between the observed value of the dependent variable (current salary) and its predicted value from the regression equation. In this context, 'x' represents the starting salary, while 2.12x - 2532.7 estimates the current salary.
To calculate the residual for Mrs. Jones, first find the predicted salary using the regression equation, by substituting $19,000 (her beginning salary) into the equation. As such:
predicted salary = - 2532.7 + 2.12 * 19000 = $38147.3
Then, subtract this predicted salary from her actual current salary ($40,000). The calculation is as follows:
residual = actual salary - predicted salary = 40000 - 38147.3 = $1852.7
Therefore, the residual for Mrs. Jones is $1852.7. This means that the actual salary is $1852.7 higher than what the regression equation predicted, given her starting salary.
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Tom and Stacey are work on competing projects at work. They frequently need the same resources at the same time. The coworkers have dealt with the problem for a long time and have come to no resolution.Which strategy should the coworkers use to resolve the conflict?
Explanation:
Meditation is a very simple process which should be followed for peace of mind, calmness, mental relaxation and for various other benefits.
Since there are too much of conflict exists between coworkers, it is better if the coworkers do meditation daily, will calm down their mind and create an environment for them to talk with each other in a polite manner.
The calmness can be brought in many ways, but meditation is the simple solution and also powerful.
Which of the Ten Principles of Economics does welfare economics explain more fully?A. The cost of something is what you give up to get it.B. Markets are usually a good way to organize economic activity.C. People respond to incentives.D. Rational people think at the margin.
Answer:
A
Explanation:
Fred Arden is tried in a criminal court and found innocent of the charge of theft. Shawn Finister, the victim of the alleged crime, sues Fred in civil court to recover damages for civil conversion. The tort claim involves the same act for which Fred was found innocent in the criminal court. Which of the statements below is false?
a. Although such suits may be brought, plaintiffs seldom do so because criminal defendants are often judgment proof.
b. The civil court filing must be dismissed because of the constitutional right against double jeopardy.
c. Fred could also be sued if he had been found guilty.
d. The suit may be brought and recovery is possible in part because the burden of proof is less demanding in a civil trial.
Answer:
The civil court filing must be dismissed because of the constitutional right against double jeopardy.
Explanation:
Double jeopardy is the legal concept that protects a person from being tried again for the same or similar charge following his aquittal or conviction.
Fred Arden has been tried in criminal court and found innocent. Shawn is trying to sue him again for the same act in civil court.
This is against the rule of double jeopardy.
Brianna just started a new job that requires her to use texting to communicate with clients and coworkers. To display proper texting etiquette, Brianna should __________. a. interrupt a face-to-face conversation with a coworker to send a quick text to a customer to demonstrate how responsive she is to her clients b. use texts to convey any kind of business news, including sad news and sensitive business matters c. avoid sending texts in public areas such as performance venues, restaurants, and meetings d. send multiple messages to coworkers if she does not receive an immediate response
Answer:
c. avoid sending texts in public areas such as performance venues, restaurants, and meetings
Explanation:
Proper texting etiquette tells us that Brianna should keep her messaging at minimum when she is in public meetings, or when she is having a conversation face to face with someone. It is very rude to constantly interrupt a conversation in order to text.
The payment of interest and principal on these bonds is secured by the: A. full faith and credit of Toga County Corporation B. ships and other equipment pledged as collateral by the company C. securities of the company which have been pledged as collateral under a subordination agreement D. mortgages on the real property owned by the corporation
Answer:
a. full faith and credit of Toga County Corporation
Explanation:
Since these bonds are debentures ( i.e bonds issued by public companies to raise money from the market), they are backed solely by the full faith and credit of the Toga County Corporation. So there is no property backing these bonds.
After major hurricanes like Katrina, many ethical home repair and building supply businesses continue to charge pre-hurricane prices to their customers, even though they could charge much more due to the huge increase in demand. These firms probably recognize that:_______.
a) they can make more money from government contracts than from sales to customers.
b) a transactional orientation is the key to long-term profitability.
c) none of their competitors woul be raising prices.
d) lifetime profitability of relationships matters more than profits from a particular transaction.
Answer:
D. lifetime profitability of relationships matters more than profits from a particular transaction
Explanation:
After the hurricane, ethical home repairs will most likely receive a lot more demand than the usual. Meaning that if they decided to increase the price, they will most likely obtained a lot of profit due to the disaster.
But, If they decided to do that, many people will feel that they are taken advantage of and the customers' perception toward the company will be heavily damaged.
In the long run, continue to charge pre-hurricane prices might be more profitable for the company.
Duncan Solutions, a growing electronics firm, has recently installed an automatic service to respond to customer queries that can be resolved with minimal troubleshooting information. This system, which uses interactive voice response, has enabled them to significantly reduce the number of customer support employees they require. This reduced manpower requirement depicts the role of _____ as an external factor that impacts forecasting in the company.
Answer:
Duncan Solutions, a growing electronics firm, has recently installed an automatic service to respond to customer queries that can be resolved with minimal troubleshooting information. This system, which uses interactive voice response, has enabled them to significantly reduce the number of customer support employees they require. This reduced manpower requirement depicts the role of technology as an external factor that impacts forecasting in the company.
Explanation:
In recent times, there are so many giant strides that has been recorded in technology which has made life easier for everyone and also helps to reduce human power. From the analogy above, it is understood that the technology developed has helped to reduce the number of people that would have been employed to respond to customer also it has increase efficiency which is part of the advantages of technology as it aids efficiency and efficacy.
Which of the steps listed below are part of the procurement process?a. Create transfer orderb. Create requisitionc. Send paymentd. Process sales ordere. Process STO
Answer:
b. Create requisition
c. Send payment
Explanation:
b. Create requisition
The procerement process will need a requisition to be created. This means, a department complete a form to inform their need to the procurement department
c. Send payment
Once the department negociate with the suppliers and makes an order It will have to honor their part and pay the supplier for the goods received once checked.
Negacho, a food and beverage company, introduced a new flavor of potato chips called South Indian Chillis. It received a positive response from consumers, which prompted Brex Mex, another food company, to introduce its own Szechuan flavored chips. In this scenario, which of the following is most likely to have influenced Brex Mex to produce a product similar to Negacho's?A. Establishment of new industriesB. Access to factors of productionC. Reduced riskD. Inflow of innovation
Answer:
Inflow of innovation
Explanation:
Negacho introduced its new flavoured chips and received positive response. This shows that the market is open to adopting new innovative products
This is what prompted Brex Mex to introduce their own flavored potato chips.
Basically the market is favorable to introduction of new ideas and products.
The most likely factor that influenced Brex Mex to produce a product similar to Negacho's South Indian Chillis potato chips is C. Reduced risk.
When a new product is introduced and receives a positive response from the market, it reduces uncertainty and risk for other companies considering entering the same market segment. Seeing the success of Negacho's new flavor, Brex Mex likely perceived a decreased risk in launching a similar product. Introducing their Szechuan flavored chips is a direct response to the market validation established by Negacho's success. Companies often follow trends and capitalize on established demand to ensure a safer entry into the market, avoiding the costs and risks of pioneering a new product concept. This bandwagon effect is common in competitive markets, where businesses continuously observe competitors and market trends to inform their product development and marketing strategies. Therefore, rather than inflow of innovation or access to factors of production, it is the aspect of reduced risk associated with established consumer acceptance that likely motivated Brex Mex to act.
Jacqueline was pleased to read a paraphrasing of the Golden Rule, "Do unto our customers as you would have them do unto you," as part of her new employer's mission statement. Next, Jacqueline expects to find in the firm's employee handbook:_____________
Answer:
Explicit rules governing all of the Frim's transaction
Explanation:
Employee hand book is some sort of manual that each employees can use to fulfill their part in the operation.
The handbook will consist of rules that the each employees should value, the type of things that the employees should avoid, and general description regarding on the things each employed have to do every day depending on their position in the company.
The rules that written in the employee's handbook tend to be explicit. It is made that way to minimize the chance of employee's misinterpretation toward the rules.
Why are primary and secondary markets governed by regulating bodies?
Millions of investors trade in primary and secondary markets. To protect their interests and to help maintain market (valuation, transparency, profitability), these markets are regulated by government bodies.
Answer:
The answer is stated below:
Explanation:
Primary market is the market where the securities are established or created. In this market, the firms float or sell the new bonds or the stocks to the public for the first time. The example of this market is IPO (stands Initial Public offering).
Secondary market is the market where the investors could sell as well as buy the securities, they already own. It is the stock market, though the stocks are sold on the primary market, when they initially issued.
Therefore, both the market are owned as well governed by the regulating bodies.
Answer:
The answer is transparency.
Explanation:
Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's past losses and regain its position in the market. However, customers reportedly complain about an odd taste in the drink. To correct this, the company invests more effort in improving the product to suit customer needs. The new drink with an improved taste soon becomes popular in the market, fulfilling Fuzz's goals. This scenario demonstrates the concept of:________
a. organizational efficiency
b. object-oriented analysis.
c. organizational effectiveness.
d. objective budgeting.
Answer: (C) Organizational effectiveness
Explanation:
The organizational effectiveness is refers to the concept that helps in measuring the efficiency if the company and organization so that it achieve their desirable goals.
We generally use the profit factor for measuring the effectiveness of an organization and how efficiently a company producing the various types of products and the services in the market.
According to the given question, the Fuzz Inc. is one of the manufacturing company of the soft drinks and the company makes more efforts for improving the quality of the products according ti the customer requirement.
Therefore, The given scenario basically demonstrating the concept of organizational effectiveness.
Assume that the Candyland economy produced approximately 150 candy bars, 80 bags of caramels, and 30 solid chocolate bunnies. If the average price of candy bars is $3, the average price of caramel bags is $2, and the average price of chocolate bunnies is $10, the market value of chocolate bunnies is $: Please choose the correct answer from the following choices, and then select the submit answer button. a. 300. b. 160. c. 450. d. 910.
Final answer:
The market value of chocolate bunnies, given they are 30 in quantity and priced at an average of $10 each, is $300.
Explanation:
The question asks for the market value of chocolate bunnies given their quantity and average price. To find the market value, we multiply the quantity of chocolate bunnies by their average price. Specifically, the calculation involves 30 solid chocolate bunnies at an average price of $10 each.
To calculate: Market Value = Quantity × Average Price = 30 bunnies × $10 per bunny = $300.
Thus, the market value of the chocolate bunnies is $300.
The correct answer is (a) $300.
When an organization needs employees with good basic skill sets but does not need the applicants in the recruitment pool to have a lot of work experience, the best external recruitment source would be ______.
educational institutions T/F
Answer:
Educational institutions
Explanation:
Educational institutions -
It refers to the place , where the children and people of various age groups tends to learn new things , is referred to as an educational institutions .
An educational institution are the schools , universities , colleges , etc.
These institutes provides a knowledgeable environment for the people to grab information in various fields .
Hence , from the given scenario of the question ,
The correct term is educational institutions .
Jose, a bank officer, takes the time to fully explain to an applicant why he is being turned down for a loan and does his best to answer all the applicant’s questions without being demeaning toward him in any way. Jose is reflecting the ethical concern of _______________ in his behavior.
Answer:
Interactional Justice
Explanation:
Interactional Justice is an organizational behavior that deals with how respectfully and dignified people affected by a decision are treated.
As a management or leadership, interactional justice is important as it shows how well managers/leaders can execute their decisions and use their authority with employees/subordinates while being fair, polite and open to them.
Interactional Justice can simply be said to be the fairness and openness with which decisions are made known to the affected individuals.
Cheers.
Answer:
Interaction Justice
Explanation:
interaction Justice is refereed to as the degree to which the people affected by decision are treated by dignity and respect. It ensures that a high level of respect is shown to employees customers and to ensure the organization is regarded as a fair and safe workplace.
Therefore Jose is reflecting ethical concern of Interaction Justice by treating the applicant with utmost respect and dignity
Island Breeze Company designs and makes desk, window, and ceiling fans. In a product liability suit based on negligence, Island Breeze could be liable for violating its duty of care with respect to all of the following except
a. the design of the fans.
b. the production process used to make the fans.
c. the warnings on the labels of the fans.
d. a consumer's unforeseeable misuse of a fan.
Answer:
Option D is correct
Explanation:
The company is liable for proper communication of cautions, defective designs and production processes that she uses to manufacture the product but it is not liable for the the consumer unforeseeable misuse of a fan. Because it is not associated with the duty of care. I also have a duty of care to myself like you have to yourself. If I have struck myself with a hammer then it unjustifiable to sue the company. I am misusing that hammer. I don't have the license but still I am driving car, it means I am misusing the asset. This means some operations are restricted by law and some are implicitly restricted.
Max Weber believed in well-defined organization, called the Hierarchical Management Structure. Humanistic management did not disagree but recognized the power of_________.
Answer:
Informal structure
Explanation:
According to max weber, Infromal structure refers to a part of organization that does not necessarily a part of the formal hierarchical structure, but still co-exist with it and contribute the group's well-being.
For example,
Let's say that in the formal structure, Person A held the status as Person B's supervisor.
Outside the work hours, Person A and Person B actually good friends that like to hangout together. During the work hours, the friendship between person A and person B will influence the dynamic within their formal structure. Person A wouldn't treat person B as he treat other normal employees.
This type of social relationship could either be good or bad depending on how both of the act on it. This is what referred to as informal structure.
Max Weber championed the Hierarchical Management Structure based on well-defined roles and authority levels. The Humanistic Management theory acknowledges this structure, but shifts focus to cater to human needs and motivations arguing that a humane and fulfilling workplace leads to optimal productivity.
Explanation:The statement refers to theories of management and how they impact organizational structures. Max Weber, a significant figure in sociology, developed the concept of a Hierarchical Management Structure. This structure operates on clearly defined roles and a chain of command, where each level has authority over the one below it.
The Humanistic Management theory, meanwhile, did not disregard the value of a hierarchical structure, but introduced another focus — the emphasis on human needs and motivations.
The theory champions the idea that optimal productivity comes from respecting and catering to individual employee's needs and motivations, creating a workplace that isn't just efficient, but also humane and fulfilling.
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The management and employees of We Move You, a large household goods moving company, decided to adopt total quality management (TQM) and continuous improvement (CI). They believed that, if their company became nationally known as adhering to TQM and CI, one result would be an increase in the company’s profits and market share. Quality is achieved more economically if We Move You focuses on _________.a. Appraisal costs.
b. Prevention costs.
c. Internal failure costs.
d. External failure costs.
Answer:prevention cost
Explanation:because you will be paying more
Suppose a report on CNN says that there is an impending recession coming in the United States. As a result, Bert's family, as well as many other like minded families and individuals, reduce their spending and instead fill up their piggy banks for a potential rainy day.
As a result of this behavior:
a) Nothing in the economy changes as a result of people choosing to save up some money.
b) The economy is actually harmed as there is a sharp decease in consumer spending.
c) The economy is stimulated as individuals begin to save up money and therefore have more money to spend on goods.
In macroeconomics, this result is known as:
a) self-regulation
b) a business cycle
c) normal behavior
d) piggy bank fattening
e) the paradox of thrift
Answer:
1- B ( The economy is harmed as there is a sharp decrease in consumer spending.
2- The paradox of thrift.
Explanation:
When people go for saving from consuming during recession, it affects the overall economy. Although this is surely an individual choice but it does, because less consumer spending means higher interest rates and low demands harms the economic growth.The paradox of shift, a term coined by John Maynard Keynes an renowned economist which refers to the behavior of people when they suddenly starts saving during a recession it happens when one worries too much. And in the end it hits the demand harder.Why might businesses, such as the various sports leagues, prefer one national standard? Why might they prefer a variety of regulation based on individual state laws?
Answer:
Sports leagues prefer one national standard as sports is competitive physical activity or games with proper rules and ethical boundaries.
Explanation:
Sports are any physical activity or games that helps to improve various physical skills or coordination through organized participation. Sports involves competition and any competition is bound by set of norms. One national standard means one norms followed by all competitors. Therefore, sports league prefer one national standard.But it may also vary based on different state laws because of different sports environment in different states.Businesses may prefer one national standard in order for cohesion to be among the states.
When there is one national standard, there's cohesion and this will bring about easier running of businesses. Also, when there's one national standard, one will not need to worry about the regulations of other states.Lastly, a variety of regulation that are based on individual state laws might be preferable as businesses can then choose the one that favors them.In conclusion, state regulations are vital in checkmating the activities of businesses.
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After working for a large firm for several years, tyler started his own landscaping design business. however, he soon ran out of money and was forced to close the business because he couldn't pay the expenses of the firm along with his personal expenses. Based on this information, what is the likely reason for tyler's business failure
Answer:
The answer is stated below:
Explanation:
Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.
Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.
A seller has agreed to sell his home for $215,300. The buyer will make a $27,000 down payment and assume an $85,000 mortgage. What is the transfer tax if the state tax rate is $0.12 for each $100 paid in cash at the time of the transfer?
Answer:
transfer tax = $156.36
Explanation:
given data
sell home = $215,300
down payment = $27,000
mortgage = $85,000
state tax rate = $0.12 for each $100 paid
solution
we get here amount that subject to transfer tax is
amount subject to transfer tax = $215,300 - $85,000
amount subject to transfer tax = $130,300
and
now we get taxable parts
taxable parts = [tex]\frac{sale\ price}{taxable\ part}[/tex]
taxable parts = [tex]\frac{130300}{100}[/tex]
taxable parts = $1,303
so transfer tax is
transfer tax = $1,303 × $0.12
transfer tax = $156.36
Accounts on the left side of the accounting equation (assets) are increased with a(n) to the account, whereas accounts on the right side of the accounting equation are increased with a(n):_______.
Answer:
Debit and credit
Explanation:
While recording the transaction, the accounts are debited or credited based on the nature of the transaction
As we know that
The debit section reports assets and expenses side while the credit section reports sales revenue, stockholder equity, and the liability side.
So if the asset side or expense side is increased than it would be displayed on the left-hand side while the revenue is increased than it would be reflected on the right-hand side.
In accounting, assets (left side of the equation) increase with a debit, while liabilities and equity (right side) increase with a credit. Accounts on the left side of the accounting equation (assets) are increased with a debit, whereas accounts on the right side of the accounting equation are increased with a credit.
Explanation:In accounting, the equation is 'Assets = Liabilities + Equity'. The accounts on the left side (assets) are increased with a 'debit' to the account. Conversely, the accounts on the right side (liabilities and equity) are increased with a 'credit' to the account. The terms 'credit' and 'debit' originate from Latin, credit meaning 'he/she/it believes' and debit meaning 'he/she/it owes'. This process is crucial to maintaining the balance in the accounting equation and ensuring accurate financial records.
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Bianca's discount home furnishings store is in a strip mall. She wants to know what other businesses in the strip mall her customers visit when they come to her store. To collect information for this objective, Bianca will most likely use
d. observation. T/F
Answer:
The answer is true
Explanation:
Through direct observation of people, Bianca will be able to identify actions and watch how subjects respond to various stimuli. This is also one of the most simple ways that Bianca can find out many things about their customers and clients.
Answer:
True
Explanation:
An observation research study focuses on seeing what Bianca's customers do, but without interacting with them.
The researchers should try to find out where do Bianca's customers go after visiting her store, hopefully without being noticed and they should take notes about their behavior. It is very important that the subjects do not know that they are being observed, for two practical reasons: the first one so that their behavior is natural and not biased, and to avoid any potential problems with the subjects (not everyone likes to be observed specially by strangers).
A practical way to carry out this research would be to use the mall's cameras, but that depends entirely on the security policies of the mall. This type of research doesn't require any type of survey or further data collection.
Marginal analysis involves comparing the additional or extra benefit derived from consuming an additional unit of a product or service to the additional cost of consuming that unit of the product or service.
A. True
B. False
Answer:
A. True
Explanation:
Marginal refers to something extra. Marginal analysis refers to the analysis of comparing additional benefits of an activity with respect to additional costs attributable to that activity.
Marginal analysis takes into account the comparison between marginal utility and marginal costs.
Marginal utility refers to the addition to total utility when an additional unit of a product is consumed. Similarly, Marginal cost refers to the addition to total cost when an additional unit of a product is consumed.
Marginal Analysis serves as a tool for decision making in the sense, such an analysis reveals which activities are worth taking up and which processes need to be discontinued.
Karl Harris, a marketing critic, is concerned about the pervasiveness of marketing. He points out that advertising messages are everywhere, from Web sites and e-mails to unwanted direct mail and catalogs to television commercials and product tie-ins to billboards and store signage. Karl is concerned about ________.
Answer:
Viral Marketing
Explanation:
Viral marketing is the use of every possible medium to promote a product. This medium includes but not limited to the use of newsletters , billboards, hand bills , social media , e books and internet.
The aim is to leverage on the social and networking media to extend the coverage of advertisements of goods and services.
Despite its advantages in coverage and cost , disadvantages include spam threats and loss of the power of brands
On June 8, Williams Company issued an $90,000, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar.a. $5,712
b. $83,504
c. $87,312
d. $81,600e. None of the above
Answer:
e. None of the above
Explanation:
The computation of the maturity value is shown below:
= Issues amount + interest
where,
Issued amount = $90,000
And, interest equal to
= Issued amount × rate of interest × number of days ÷ (total number of days in a year)
= $90,000 × 9% × (120 days ÷ 360 days)
= $2,700
So, the maturity value would be
= $90,000 + $2,700
= $92,700
This is the answer but the same is not provided
It is most important that a project manager:
A) focuses on meeting daily challenges head on.
B) focuses on meetings.
C) remembers the overall picture, or goals, that define the project.
D) operates on the boundary between strategy and tactics.
Answer:
D) operates on the boundary between strategy and tactics is the correct answer.
Explanation:
The project manager has the responsibility of designing, planning acquisition, and accomplishment of a project. The project manager's role is to interact with the team members and stakeholders and concentrate on solving problems during the project work.To be successful project managers all the project managers require to sharpen their skills in areas of leadership, strategic and marketing management.The Struter Partnership has total partners’ equity of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital, $110,000. The partners share net income and loss in a ratio of 80% to Main and 20% to Frist. On November 1, Adison is admitted to the partnership and given a 15% interest in the equity and a 15% share in any income and loss.Prepare the journal entry to record the admission of Madison under each of the following separate assumptions: Madisoninvests cash of (1) $90,000; (2) $120,000; and (3) $80,000.
Answer:
a)
cash 90,000 debit
Adison 90,000 credit
b)
cash 120,000 debit
Adison 94,500 credit
Main 20,400 credit
First 5,100 credit
c)
cash 80,000 debit
Main 6,800 debit
First 1,700 debit
Adison 88,500 credit
Explanation:
Main 400,000 80%
First 110,000 20%
400,000 + 110,000 + 90,000 = 600,000
600,000 x 15% = 90,000
the amoutn investment matches the proportional amount thus, we don't touch the other accounts
(2)
400,000 + 110,00 + 120,000 = 630,000
630,000 x 15% = 94,500
120,000 - 94,500 = 25,500
as the amount invested is above the proportional amount
we should make a contribution in behalf of the previous ownes
25,500 x 80% main 20,400
25,500 x 20% first 5,100
(3)
400,000 + 110,00 + 80,000 = 590,000
590,000 x 15% = 88,500
80,000 - 88,500 = -8,500
In this case there is a loss and should be distributed among the prevous partners:
8,500 x 80% main = 6,800
8,500 x 20% first = 1,700