Bridget, the youngest owner of a family-owned restaurant, wants to make sure her company’s culture is embedded in their organization. In a recent trade show workshop, she learned that she can do this by having company rites and rituals, continuing to tell stories about company legends, and being a role model to her employee - True
Explanation:The expectations, philosophy and the values and experiences that an organisation has refers to the culture of an organisation. This is unique to each and every firm. These are considered as an important values that can be used as a guide in making the employees of an organisation to know about the expectations and the inner working of the particular organisation.
Culture of any organisation plays a major role in influencing the people who are working in it. In the given example, Bridget who is a owner of a restaurant want to make sure that the culture and values of the organisation are embedded within it. Thus, she also tells stories about the legends so that the employee can consider them as their role model.
True. Company culture can be embedded in an organization through rituals, storytelling about company legends, and by founders or leaders being role models.
The statement that Bridget, the youngest owner of a family-owned restaurant, can ensure her company’s culture is embedded in their organization by having company rites and rituals, continuing to tell stories about company legends, and being a role model to her employees is true. Stories serve as a powerful tool to communicate the company's history, its values, and priorities, creating a bond between the employees and the organization. Examples such as 3M's creation of Post-it notes and Ben & Jerry’s adherence to their founders’ original values and vision demonstrate how founders' beliefs shape a company’s culture. Furthermore, creating new symbols and stories, as Continental Airlines did when changing its culture, highlights the importance of these elements in aligning employees with the company’s vision.
Bait and switch: a. is a sales tactic of advertising a cheaper product in order to get a customer in to buy a more expensive product. b. is not based on ad content. c. is not regulated by the FTC. d. none of the above
Answer:
The correct option is A
Explanation:
Bait and Switch, is the kind or type of fraud, which is used in the retail sales.
Primarily, the customers are baited through advertising services or products at the low price by the merchants , but when the customers or clients visit store for buying the same product, they get to know, that the advertised goods are not available or the customer are pressured through salesman to consider the similar product but the high priced products, which is called Switching.
So, Bait and Switch, is a tactic of sales for advertising the cheaper product in order to buy the more expensive product through customers.
Wal-Mart has a highly sophisticated system of recording data and being able to view results. For instance, Wal-Mart managers know from their scanner data that five pair of Wrangler Blue Jeans were sold from 10:00 a.m. to 11:00 a.m. on a certain day, and by what size. If the sales were made via credit card, Wal-Mart also knows "who," and has developed histories of what combinations of products its customers buy. The preceding is an observational situation involving which of the following?
a. people watching people
b. people watching phenomena
c. machines watching people
d. machines watching phenomena
e. All of these are observation situations
Answer:
c. machines watching people
Explanation:
Machines watching people refers to a phenomena whereby via employment of specialized machinery, an organization is successfully able to observe the activities of it's customers and at the same time also track data relating to their identity and other credentials.
In the given case, the sophisticated system entails deciphering the customer shopping pattern and the merchandise sold during a period whereas the payment mechanism of cards also helps in tracing down the identity to ensure no unscrupulous person can go unnoticed.
Thus, it's a case of machines keeping a watch or surveillance on the customers and their identity.
Jennifer rates her employees on subjective attributes such as attitude, honesty, inspiration to others, leadership, or initiative. This is what type of appraisal?
Answer:
The correct answer is Trait Appraisal.
Explanation:
The instruments for assessing traits and behaviors provide information to make the necessary adjustments in the teaching process, it resides in the set of personal family and environmental factors that affect the performance of workers.
In the mechanisms and criteria that allow to determine if a person is competent or not, considering the skills, abilities, attitudes, knowledge and values put into play in the exercise of an action in certain contexts.
Answer:
Jennifer rates her employees on subjective attributes such as attitude, honesty, inspiration to others, leadership, or initiative. This is what type of appraisal? ... Self-appraisals.
Explanation:
From this cartoon you can infer that the cartoonist:______. A) believes that England and Japan will soon be at war. B) opposes U. S. participation in the League of Nations. C) believes that the League of Nations will prevent future wars. D) believes that the U. S. should become a member of the League of Nations.
Answer:
The Cartoon depicts the Head of Government of the USA with hands tied being pulled from 4 different ends of the world
2 Nations stand out, England & Japan who were part of the 4 permanent Member States, (Italy and France make up the balance); whilst European Nations and Foreign Governments are depicted to also pulling at the President.
The Cartoonist opposes U.S Participation in the League of Nations
Explanation:
This is a Post World War 1 Cartoon
As part of the Versailles Treaty from the Paris conference of 1919 a League of Nations was to be formed comprising of the World Powers at the time. Members were expected to respect the sovereignty of other countries and completely discourage the deployment of Military campaigns against other countries
The President of the USA at the time President Woodrow Wilson believed so much in the Vision of the League of Nations but was constrained from having America join because of the overwhelming stand against America's involvement by the isolationist movement in the congress.
The Isolationist movement was specifically against the item X of the League's covenant which required Member nations to support other Nations in the face of an aggression from another. The interpretation of this was that the USA would be completely surrendering its sovereignty and would remain a tool for International Conflicts resolution by deploying men and war equipment as was the case with World War I.
The President is seen in the cartoon firmly rooted to USA ideals albeit opposed to his Vision of joining the League of Nations.
Answer:
B) opposes U. S. participation in the League of Nations
Explanation:
Calculate the product of savings and growth_multiplier. Store the result in year1. What do you think the resulting type will be? Find out by printing out the type of year1. Calculate the sum of desc and desc and store the result in a new variable doubledesc. Print out doubledesc. Did you expect this?
Explanation:
growth_multiplier is 1.1
savings = 100
desc = "compound interest "
# Place product of growth_multiplier and savings to year 1
Year 1 = growth_multiplier* savings
print(type(year1))
Now,
# Place addition of desc & desc
doubledesc will be desc + desc
# Print doubledesc
print(doubledesc)
The product of savings and growth_multiplier would result in a float data type. Adding desc to itself doubles the string and would result in a string data type.
Explanation:To calculate the product of savings and growth_multiplier, you would use a multiplication operation. For example, if savings is 200 and growth_multiplier is 1.03 (representing a growth of 3%), year1 would be calculated as 200 * 1.03. The resulting type of year1 would then be identified as a float (decimal number), as both inputs are numerical and the operation is mathematical multiplication. You can print the type of year1 using the 'type' function in the programming language you are using.
Next, when you calculate the sum of desc and desc, you're essentially doubling the desc value. Let's say desc is a string type containing 'Hello', doubledesc would then be 'HelloHello'. When you print out doubledesc, the resulting output should be the desc string repeated twice. The type of doubledesc would be string, assuming desc was a string.
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"New Millennium Enterprises institutes a training program that teaches employees how to treat customers with respect. Three weeks later the trained employees are observed at work to see how they treat their customers. This is an example of a _________ criterion."
Answer:
Hi, you haven't provided the options to the question, so I will just give the answer in my own words and you can check with the options.
Answer is: BEHAVIOR CRITERION
Explanation:
Training evaluation refers to the process of collecting the outcomes needed to determine if training is effective. A training program should give the following resulting changes (criteria): Reaction, learning, behavior, and result.
* Reaction measures how participants react to the training (e.g. satisfaction).
* Learning analyzes if they truly understood the training (e.g. increase in knowledge, skills or experience).
* Behaviour: this helps to understand how well participants apply their training. It measures how much participants have changed their behavior as a result of the training they received.
Behavior is designed to determine if the newly acquired skills or knowledge or attitude are being used in the everyday environment of the learner.
*Results determines if the material has a positive impact on the business or organization.
Therefore, the answer that best suits the question is BEHAVIOR CRITERION.
Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from nonleaders by focusing on personal qualities and characteristics. The HR director plans to promote Lawrence, a highly extraverted manager with a great deal of ambition and energy to the position of VP, Manufacturing. He asks for your expertise in helping him to apply trait theory to leadership selection within your company. The director believes that because of his innate characteristics, Lawrence will be highly effective at helping the company achieve its production goals. You advise the director against basing his decision purely on traits because ________.
leadershipCorrect/Complete Question:
Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from nonleaders by focusing on personal qualities and characteristics. The HR director plans to promote Lawrence, a highly extraverted manager with a great deal of ambition and energy to the position of VP, Manufacturing. He asks for your expertise in helping him to apply trait theory to leadership selection within your company. The director believes that because of his innate characteristics, Lawrence will be highly effective at helping the company achieve its production goals. You advise the director against basing his decision purely on traits because ________.
A) research has identified emotional stability as the strongest predictor of leadership effectiveness
B) studies have found that the Big Five traits are difficult to identify in leaders
C) studies have shown that traits are poor predictors of leadership effectiveness
D) research has found that conscientiousness is a better predictor of effectiveness than extraversion
E) research has shown that effective managers are often unlikely to become effective leaders
Answer:
C, studies have shown that traits are poor predictors of leadership effectiveness
Explanation:
As much as traits can help predict leaders from non leaders, it is not adequate to distinguish the effectiveness or lack of it as a leader.
In the case of the above question, it is proper to advise the HR against making Lawrence a VP for manufacturing becase just his traits won't be enough to efficiently discharge his duties in that role.
Cheers. i hope this helps
Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. According to Keynesian theory, which of the following is an appropriate discretionary fiscal policy to use in this situation
Complete Question:
Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. to use in this According to Keynesian theory, which of the following is an appropriate discretionary fiscal policy to use in this situation?
a. A reduction in the money supply.
b. Less government regulation.
c. Increase federal spending
d. Higher taxes.
Answer:
Higher taxes is an appropriate discretionary fiscal policy to use in this situation
Explanation:
The hypothesis that Keynesian economy is said to raise demand by the government to boost production. Keynesians assume that the primary force of an economy is customer demand. As a response, expansionary monetary policy is endorsed in principle.
The British Government at that time was strongly critical of Keynes. The government reduced social security costs and increased taxation in order to balance national accounts. This did not inspire people to invest their money, left the economy unified and unwilling to rebound and return to a prosperous state. Keynes said.
Alternatively, he proposed that the government would spend more resources to boost the appetite of customers in the economy. In addition, the total economic performance will be improved, which would lead inevitably to growth and a decrease in unemployment.
Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastically alter their task environments so that they can continually increase organizational performance through organizational Multiple Choice learning. satisficing. group thinking. diversity.
Answer:
Learning.
Explanation:
Organisational learning is the process by which knowledge is created, retained, and transfered within an organisation. This will imporve quality of decision-making at all levels of the organisation.
Over time the organisation gains a broad knowledge base that it can use to better the organisation.
Innovative or nonprogammed decisions opens up a world of possibilities to the business and evaluation is done to get the best idea for implementation.
Imagine that a major car company has been able to plan production to coincide with sales forecasts. As new inventory comes into the showroom, customers purchase it, and there is no unsold inventory and no unfilled orders. How can we best describe this phenomenon?
Answer:
JIT production and JIT purchasing
Explanation:
JIT production and JIT purchasing under this process entity does not have extra material in stores and extra inventory produced.
as per the just in time
there is no benefit of holding inventory at stores
producing extra units does not add value they are useless until they are sold.
According to just in time inventory should be purchased when order has been placed and production process should start in order to meet the customers orders.
there are some conditions for this process
there should be very system to meet the order on time
there should be relaible production system units produced should not be poor quality goods
there should reliable suppliers to supply the material on time to meet the customers orders and avoid the stock out costs.
Mars Inc. printed 1,200 brochures with the intention of distributing them using a national newspaper. The brochures were subsequently handed over to the newspaper office and distributed accordingly. This scenario depicts the use of:____________.
Answer:a preprinted insert
Explanation:Preprinted inserts are often used by advertisers who want to use a heavier paper stock than the carrier publication and/or who want to have control over print quality and color.
Answer:
Pre-printed insert
Explanation:
Pre-printed insert, just as the name suggests,is a type of print media advertising, in which the advertiser produces the advert material as it should be, then sends it to the carrier publication for inclusion into the publication that would carry the advert in the form it was produced exactly by the advertiser, thereby maintaining the quality intended.This enclosed preprinted advert materials include sales brochures, booklets, etc.
Titan Info Group is a software consulting firm based in Redmond. The firm uses a standardized job analysis questionnaire containing 194 questions about work behaviors, work conditions, and job characteristics that apply to a wide variety of jobs. In this scenario, Titan Info Group is using A) a utilization analysis. B) the Fleishman Job Analysis System. C) a work flow design. D) a conjoint analysis. E) the Position Analysis Questionnaire.
Answer:E) the Position Analysis Questionnaire.
Explanation:The Position Analysis Questionnaire is a structured job analysis questionnaire that aids the user in conducting a quantified analysis of a given job. To complete a job analysis using the Position Analysis Questionnaire, the user reviews background information, observes the job, and conducts thorough interviews with job incumbents to determine job content then rates the extent to which each item on a standard list of Position Analysis Questionnaire job elements applies to that particular job. There are six types of rating scales used in the Position Analysis Questionnaire: Extent of Use; Importance to This Job; Amount of Time; Possibility of Occurrence; Applicability; and Item-Specific scales.
Final answer:
Titan Info Group is using the Position Analysis Questionnaire, a standardized job analysis questionnaire.
Explanation:
The software consulting firm, Titan Info Group, is using the Position Analysis Questionnaire. This standardized job analysis questionnaire consists of 194 questions about work behaviors, work conditions, and job characteristics that apply to a wide range of jobs. The purpose of the questionnaire is to collect information and data regarding job requirements and responsibilities, enabling the firm to accurately describe the tasks and characteristics of different positions.
Nation A's real GDP was $520 billion in 2015 and $550 billion in 2016. Its population was 150 million in 2015 and 155 million in 2016. On the other hand, Nation B's real GDP was $200 billion in 2015 and $210 billion in 2016; and its population was 53 million in 2015 and 55 million in 2016. Which of the following statements is true?
a. Nation A's GDP per capita increased from 2015 to 2016, while Nation B's decreased.
b. Nation A's and Nation B's GDP per capita both increased from 2015 to 2016.
c. Nation B's GDP per capita increased from 2015 to 2016, while Nation A's decreased.
d. Nation A's and Nation B's GDP per capita both decreased from 2015 to 2016.
Nation A's and Nation B's GDP per capital both increased from 2015 to 2016 (b).
Explanation:
The formula for per capital income =total income/total population. In the year 2015 Nation A's per capital income is 520/150= 3.46 and in the year 2016 Nation A's per capital income is 550/155=3.54 . In the year 2015 Nation B's per capital income is 200/53= 3.77 and in the year 2016 B's per capital income 210/55=3.81.
In both the cases the per capital income has increased from the year 2015 and 2016 for both the nation.
Final answer:
After calculating GDP per capita for Nation A and Nation B for the years 2015 and 2016, it's clear that both nations experienced an increase in their GDP per capita, leading to the conclusion that option b is correct.
Explanation:
The question asks about the changes in GDP per capita for Nation A and Nation B from 2015 to 2016. To solve this, one must calculate the GDP per capita for each nation in each year by dividing the nation's real GDP by its population for that year.
For Nation A:
2015 GDP per capita = $520 billion / 150 million = $3466.67
2016 GDP per capita = $550 billion / 155 million = $3548.39
For Nation B:
2015 GDP per capita = $200 billion / 53 million = $3773.58
2016 GDP per capita = $210 billion / 55 million = $3818.18
From these calculations, we can see that both Nation A and Nation B had an increase in GDP per capita from 2015 to 2016. Therefore, the correct statement is:
b. Nation A's and Nation B's GDP per capita both increased from 2015 to 2016.
Russ is the project manager of a multinational team with members in Ireland, Malaysia, and the United States. Once a week, the team meets using video and audio links on their computers so that they can see, hear and talk with one another. What technology does this best describe?
Answer:
Videoconferencing.
Explanation:
The video conferencing is the technology that helps more than two persons to interact with each other on call due to the use of telecommunication advancements and using the 3G or 4G internet surfing. The technology that enabled the project manager of multinational team interact with all of the team members at the same time is videoconferencing.
The teaching profession in the United States has been understaffed in recent years. The non-profit organization Teach for America identifies, selects, motivates, develops, compensates and evaluates qualified candidates to teach in public schools. This process is known as:______.
a. human resource management.
b. recruiting and developing.
c. scheduling and managing.
d. on-the-job training.
e. management development.
How does a government budget deficit occur? A nation earns more on exports than it spends on imports. A government's spending exceeds its tax revenues. A government's tax revenues exceed its spending. If a nation carries a public debt, it must be running a deficit every year.
Answer:
The answer is B. government's spending exceeds its tax revenues
Explanation:
Government budget records deficit if its spending is more than its revenue. The main source of government revenue is from tax. And government record surplus if its revenue is more than its spending.
One of the disadvantages of government budget deficit is that inflation rate will be rising. Government might spend to stimulate the economy.
Answer:B
Explanation:
_________ has resulted in more consistency in regulations, so Colgate-Palmolive Company now markets its Colgate toothpaste with one formula and package across numerous European countries at one price.
Answer:
The European Union
Explanation:
The formation of European Union and appearing as Political Union (Type of Free trade Area) has set standards for all the members to defend its country exports against foreign countries and designed foreign policies and internal policies.
This has forced its members to transform its fiscal policy and unified the imposed duties and taxes on the import which helped many products manufacturer to consider the europe as a whole a single country and design their strategy accordingly to ensure its place in the market and bring maximum out.
With respect to each of the following changes, identify whether the demand curve will shift rightward or leftward:a.An increase in income (the good under consideration is a normal good)b.A rise in the price of a substitute good (caused by a decline in supply)c.A rise in expected future price d.A fall in the number of buyers
Answer:
A. The demand curve will shift to the right.
B. The demand curve will shift to the right.
C. The demand curve will shift to the right.
D. The demand curve will shift to the left.
Explanation:
Demand curve: It is graph plotted to represent relationship between the quantity demanded of a good and its price when all other influences on demand remain constant.
We know as per law of demand, with the change in price of goods, demand of goods changes. As price increases, demand decreases and as price decreases, demand increases.
With the decrease in demand, demand curve shift to left side of the graph.
With the increases in demand, demand curve shift to right side of the graph.
A. An increase in income will increase the demand of goods, therefore the demand curve will shift to the right.
B. A rise in the price of a substitute good will increase demand of the product, therefore the demand curve will shift to the right.
C. A rise in expected future price will increases the current demand for that good, therefore the demand curve will shift to the right.
D. A fall in the number of buyers will decrease the demand of the product, therefore the demand curve will shift to the left.
An increase in income for a normal good, rise in the price of substitutes, and higher expected future prices of a good cause rightward shifts in the demand curve, indicating an increase in demand, while a fall in the number of buyers results in a leftward shift in the demand curve, indicating a decrease in demand.
Explanation:In economics, understanding how different factors affect the demand curve is crucial. The demand curve can shift either rightward, indicating an increase in demand, or leftward, indicating a decrease in demand, for different reasons.
An increase in income for a normal good results in a rightward shift of the demand curve.If there is a rise in the price of a substitute good, this causes a rightward shift of the demand curve for the considered good.A rise in expected future prices of a good typically leads to a rightward shift of the demand curve, as consumers are likely to purchase more now in anticipation of higher future prices.A fall in the number of buyers leads to a leftward shift in the demand curve, as there are fewer people in the market for the good.Learn more about Demand Curve Shifts here:https://brainly.com/question/33441504
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Complex numbers are often used when dealing with alternating current (AC) circuits. In the equation $V = IZ$, $V$ is voltage, $I$ is current, and $Z$ is a value known as impedance. If $V = 1-i$ and $Z=1+3i$, find $I$. Express your answer as a complex number in the form $a+bi$, where $a$ and $b$ are real numbers
Answer: I=-1/5-2/5i
Explanation: V=IZ
1-i=I(1+3i)
Make I subject
I=(1-i)/(1+3i).
multiply numerator and denominator by conjugate( 1-3i).
The denominator will become
1-9*i^2=1+9=10.
The numerator will be expanded to be 1-3i-i+(3i)^2=1-4i-3=-2-4i.
This is I= (-2-4i)/10
divide numerator and denominator by -2. We have:
I=-(1+2i)/5
I=-1/5-2/5i
Grady Home Health has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000 and total assets of $22,500,000, what is Grady's return on assets (ROA)
Answer:
The ROA is 20%
Explanation:
The Return on Asset is the ratio of a company's net income compared to its asset. It is used to show how profitable the assets a company has is to the company.
mathematically it is represented as;
ROA = (net income) ÷ (total asset)
let us calculate net income first.
net income = 15% on sales of $20,000,000
= 15/100 × 20,000,000
= 0.15 × 20,000,000 = $3,000,000
Asset = Total asset - debt = 22,500,000 - 7,500,000 =$15,000,000
∴ ROA = 3,000,000 ÷ 15,000,000 = 0.2
converting to percentage; 0.2 = 20/100 = 20%
Final answer:
Grady Home Health's return on assets (ROA) is calculated by dividing its profit by the total assets. The profit is found by applying the 15% profit margin on the $20,000,000 sales, resulting in a ROA of 13.33%.
Explanation:
The student asked about calculating Grady Home Health's return on assets (ROA). The profit margin is given as 15 percent on sales of $20,000,000. To find the profit, we multiply the sales by the profit margin: $20,000,000 * 15% = $3,000,000. The ROA is then found by dividing this profit by the total assets. With total assets of $22,500,000, the ROA calculation would be $3,000,000 / $22,500,000, which equals approximately 0.1333 or 13.33%.
Mezzinzi Bank offers loans to companies in the form of bonds. The companies who apply for these loans can repay the amount over a prolonged period of time. Which of the following financing options is being offered by Mezzinzi Bank in the given scenario?
A. A revolving credit agreement
B. Long-term debt
C. Commercial Paper
D. Trade credit
Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it. Commercial papers are short term promissory notes (due in less than 1 year).Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).Planning and control __________.
A) Unselected translates the master schedule for final products into detailed material requirements
B) Unselected refers to the observation that any change, even a small one, in the requirements for items at the top of the bill of material can have drastic effects on items further down the bill of material
C) Unselected is a time-phased planning approach similar to MRP that uses planned orders at the point of demand (customer, warehouse, etc.) to determine forecasted demand at the source level (often a plant)
D) Unselected is a set of tactical and execution-level business activities that includes master scheduling, material requirements planning, and some form of production activity control and vendor order management
E) Unselected I DON'T KNOW YET
Answer:
D) is a set of tactical and execution-level business activities that includes master scheduling, material requirements planning, and some form of production activity control and vendor order managementExplanation:
Note that, to plan, to schedule are synonymous terms therefore planning is a deliberate action that involves a set of tactical and execution-level business activities.
This business activities usually involves material planning as well as production control activities inorder to execute operations smoothly.
Answer:
D) Unselected is a set of tactical and execution-level business activities that includes master scheduling, material requirements planning, and some form of production activity control and vendor order management.
Explanation:
Planning and control (Production planning and control system, PPC) is concerned with the reconciliation between what the market requires and what the operation's resources can deliver. Planning and control activities provide the systems, procedures and decisions which bring different aspects of supply and demand together. Planning and control can also be defined as a set of tactical and execution-level business activities that includes master scheduling, material requirements planning, and some form of production activity control and vendor order management.
Classifications on Balance Sheet The current balance sheet of J. J. Arvesen Company contains the following major sections: Current assets Long-term investments Property, plant, and equipment Intangible assets Other assets Current liabilities Long-term liabilities Contributed capital Retained earnings Accumulated other comprehensive income The following is a list of accounts in random order. Using the letters A through J, indicate in which section each account would most likely be classified. If an account does not belong under one of the sections listed, select "Not under any of the choices" from the classific
This question asks to classify different accounts into their appropriate sections on a company's balance sheet, based on standard accounting principles. Examples of how to classify different accounts like cash, equipment, patent, accounts receivables, long-term bonds, buildings, prepaid expenses, income to be earned next year, and common stock, are given.
Explanation:The question pertains to classifying accounts typically found on a balance sheet in various sections in accordance with standard accounting principles. The sections specified in the question are as follows: Current Assets, Long-Term Investments, Property, Plant, and Equipment, Intangible Assets, Other Assets, Current Liabilities, Long-Term Liabilities, Contributed Capital, Retained Earnings, and Accumulated Other Comprehensive Income.
Let's consider that the accounts are as follows (1. Cash, 2. Equipment, 3. Patent, 4. Account Receivables, 5. Long-term bonds, 6. Buildings, 7. Prepaid expenses, 8. Income to be earned next fiscal year, 9. Common Stock) as an example.
Cash - Current AssetsEquipment - Property, Plant, and EquipmentPatent - Intangible AssetsAccounts Receivables- Current AssetsLong-term bonds - Long-Term InvestmentsBuildings - Property, Plant, and EquipmentPrepaid expenses - Current AssetsIncome to be earned next fiscal year - Not under any of the choices Common Stock - Contributed CapitalLearn more about Balance Sheet here:https://brainly.com/question/34287613
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If the salaries of the sales staff of a manufacturing company are improperly recorded as a product cost, what will be the likely effect on net income of the period in which the error occurs?
Answer:
Net Income will be overstated
Explanation:
The journal entry for salaries payable is
Salaries Expense Dr.
To Cash A/C
(Being salaries paid recorded)
Salaries expense is charged to net income and the journal entry is
Net Income Dr.
To Salaries Payable
Salaries expense reduces net income as it being a deductible expenditure for a corporate.
In the given case, salary expense has been accounted as a product cost. This would reduce the expenses and thus would overstate the net income.
A set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision makers involved in marketing goods, services, or ideas is known as:_________.A. a SWOT analysis.B. the STP process.C. the marketing mix.D. market segmentation.E. marketing research.
Answer:
E. marketing research.
Explanation:
Marketing research is the set of processes which connects different principles, procedure, customers and the end user by expressing the opportunities available any problem faced and evaluate any market action. It helps in decision making process. The market research includes Surveys, Interviews, Focus group and Observations.
Whistler Corp. performed services for a customer but has not yet recorded payment, nor has it recorded any entry related to the work. Which of the following accounts are involved in the adjusting entry: (a) asset, (b) liability, (c) revenue, or (d) expense
Answer:
(a) asset
(c) revenue
Explanation:
On accrual accounting when a business performs a service but has not yet received payment, the entry is recorded in an asset account called Accounts receivable.
Accounts receivable contains all revenue that is owed by other parties to the business but have not been settled yet.
In the adjusting entry the asset account- Account receivable is now debited for the amount received and a credit is passed to Revenue account.
The adjusting entry is passed when the payment is received for services rendered.
Final answer:
The adjusting entry that Whistler Corp. needs to make for performing services without yet receiving payment involves an asset (accounts receivable) and revenue (service revenue).
Explanation:
Whistler Corp. has performed services but has not recorded payment, nor any entry related to the work. In accounting terms, this means that Whistler Corp. has earned revenue but has not yet received payment. Therefore, the transaction involves recognizing an account receivable, which is an asset, and service revenue.
As they have not received payment, an adjusting entry will typically involve debiting accounts receivable (to show the asset that the company expects to collect) and crediting service revenue (to record the earnings that have occurred as a result of the service provided).
No expenses or liabilities such as accounts payable are recorded in this transaction because the company has performed a service, not received a good or service. The revenue recognition principle in accrual accounting dictates that revenue is recognized when earned, regardless of when cash is received.
When formulating new products, if an offending flavor is present, the food scientist should consider using a: Select one: a. Masker b. Enhancer c. Blocker d. Both A and C are correct
Answer:
a. Masker
Explanation :
When formulating a new product the food scientist finds an offending flavor is present in the food substance he is more likely to use a masker as to cover or balance the flavor with something else and thereby formulating a modified new product. Maybe the addition of a new substance or changes in the taste of the product.In his research, George Murdock determined that Question 15 options: A) though cultures appear to outwardly share many common denominators, the only true cultural universal is trade. B) all cultures are fundamentally the same when it comes to their beliefs and practices. C) although all cultures share common denominators, how cultures address these practices and beliefs varies greatly. D) cultures don't share anything in common.
In his research, George Murdock determined that "though cultures appear to outwardly share many common denominators, the only true cultural universal is trade".
Option: A
Explanation:
Cultural universal is a reality, adaptations to fulfill basic necessities, such as the need for meal, house and clothing. George Murdock, a Polish-born anthropologist, assembled a list of cultural universals involving as below:
physical activitieseatingdancingtravellingpersonal namesmarriagenursingreligious ritesfuneral ritualssexual constraintstradeG. P. Murdock is known for his analytical approach to ethnological research and his analysis of the systems of family and shared experience through cultures.
A variety of shared needs and challenges are present in all cultures, according to George Murdock. Despite this, the ways these cultures approach these issues can significantly differ. For example, all societies need to feed their population, but the food they eat and how they prepare it varies extensively.
Explanation:George Murdock, the noted anthropologist, did extensive research on culture. His findings support option C: although all cultures share common denominators, how cultures address these practices and beliefs varies greatly. This statement essentially means that while all human societies have similar challenges and needs, the ways they solve and respond to these concerns differ widely. For example, every society needs to feed its members, but the specific food they consume and how they prepare these foods will vary drastically, reflecting their unique practices and beliefs.
Learn more about Culture here:https://brainly.com/question/17481236
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What is the percentage return (interest rate) an investor will receive if they purchase a zero-coupon bond today for $954.70 that will mature in one year and pay $1,000 at maturity?
Answer:
Interest rate = 4.75% (approx)
Explanation:
Given:
Face value of bond = $1,000
Present value of bond = $954.70
Interest rate = ?
Computation of Interest rate :
[tex]Interest rate = [\frac{Face value of bond}{Present value of bond}-1] \times 100\\[/tex]
[tex]Interest rate = [\frac{1,000}{954.70}-1] \times 100\\\\Interest rate = [1.04744946-1] \times 100\\Interest rate = [0.04744946] \times 100\\= 4.744946[/tex]
Interest rate = 4.744946%
Interest rate = 4.75% (approx)
Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Molding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at October 31, 2014:
1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Blending Department. If an amount is zero enter "0". If required, round your cost per equivalent unit answers to the nearest cent.
Bavarian Chocolate Company
Cost of Production Report-Blending Department
For the Month Ended October 31, 2014
Unit Information
Units charged to production:
Inventory in process, October 1
Received from materials storeroom
Total units accounted for by the Blending Department
Units to be assigned costs:
Equivalent Units
Whole Units
Direct Materials
Conversion
Inventory in process, October 1
Started and completed in October
Transferred to Molding Department in October-
Inventory in process, October 31
Total units to be assigned costs
Cost Information
Costs per equivalent unit:
Direct Materials
Conversion
Total costs for October in Blending Department
$
$
Total equivalent units
Cost per equivalent unit
$
$
Costs charged to production:
Direct Materials
Conversion
Total
Inventory in process, October 1
$
Costs incurred in October
Total costs accounted for by the Blending Department
$
Cost allocated to completed and partially completed units:
Inventory in process, October 1 balance
$
To complete inventory in process, October 1
$
Cost of completed October 1 work in process
$
Started and completed in October
$
Transferred to Molding Department in October
$
Inventory in process, October 31
Total costs assigned by the Blending Department
$
2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October. If required, round your answers to two decimal places.
Increase or Decrease Amount
Change in direct materials cost per equivalent unit SelectDecreaseIncreaseCorrect 1 of Item 2 $
Change in conversion cost per equivalent unit SelectDecreaseIncreaseCorrect 3 of Item 2 $
Solution:
Working notes:
Calculate opening work in process inventory for conversion costs as shown below:
Opening work in process
inventory for conversion costs = 1- [tex]\frac{1}{5}[/tex] = 2/5
= 40 %
Calculate units started and completed in October as shown below:
Units started and completed in July = ( Units transferred out — opening work in process inventory
= 25, 700 units — 2,300 units = 23, 400 units
Calculate whole ending work in process inventory in October as shown below:
Opening work in process inventory + Whole ending work in ) = in October process inventory Received from material storeroom — Transferred to packing department )
= 2,300 units + 26,000 units — 25, 700 units = 2, 600 units
Calculate ending work in process inventory for conversion costs as shown below:
Ending work in process inventory for conversion costs )
(Total units for ending work in process inventory x Completed percent for conversion costs = 2, 600 units x 1 = 520 units )
Equivalent units for production is calculated by adding units of opening work in process inventory, transferred to finished goods in October, and units for ending work in process inventory. Therefore, an equivalents unit for production for direct materials is 26,000 units and equivalent units for production for conversion costs is 24,840 units.
Calculate direct materials and conversion cost equivalent cost per unit for October as shown below:
Direct material cost per unit — Total direct material costs Equivalent units for direct materials 8429,000 — 26,000 units = $16.50 Per unit
Conversion cost per unit — Total conversion costs Eqtuv' aka! units for conversion $149,040 — 24,840 units
= $6