Answer:
standardized
Explanation:
standardized criteria refers to a set of procedure that already vetted and approved by a trusted establishment. This type of criteria will be used by experts to measure their work result.
The way polices search for evidence must follow a standardized criteria which created by the police department.
They require the polices to do so to ensure that the polices do not breach any ethical standard during the evidence search and do not overlook important findings for the case.
A friend keeps a piano until the owner finds a larger apartment. The friend may not play the piano or otherwise receive any benefits of ownership during the bailment. What kind of bailment is this?
Answer:
Bailment for the sole benefit of the bailor
Explanation:
A bailment is made for the sole advantage of the bailee when the two gatherings concur the property incidentally in the bailee's care is to be utilized to further their own potential benefit without offering anything to the bailor consequently.
It happens when a thing or things is moved to another gathering to be hold incidentally. The individual who gives the things is known as the bailor, while the individual who gets the things is known as the bailee.
A friend keeping a piano until the owner finds a larger apartment, without any personal use of the piano, showcases a gratuitous bailment solely for the benefit of the bailor. This arrangement is defined by the lack of compensation and the bailee's responsibility to care for the property without deriving any personal benefit.
Explanation:The scenario described, where a friend keeps a piano until the owner finds a larger apartment and may not play the piano or otherwise receive any benefits of ownership during the bailment, is referred to as a gratuitous bailment for the sole benefit of the bailor. In gratuitous bailment, the bailor (the owner of the piano) grants custody of the property to another (the bailee, or the friend) without any payment or benefit received by the bailee. The primary purpose of this arrangement is to benefit the owner by providing a space to keep the piano safe until they can accommodate it, rather than for any mutual benefit or for the benefit of the bailee.
In legal terms, the key characteristics of this type of bailment include the lack of compensation, the intentional temporary transfer of possession (not ownership), and the responsibility of the bailee to take care of the property without using it for personal gain. The fact that the friend cannot play the piano or utilize it in any way underscores the nature of the bailment as solely for the benefit of the bailor.
Which of the following is a similarity between goods and services? Question 21 options: A) mass production B) Both have quality standards. C) Both can usually be kept in inventory. D) automation E) consistency
Answer:
The correct answer is option B.
Explanation:
Goods are physical and tangible products that are used to satisfy human wants and needs. While services are non-tangible products that are used for the same purpose.
The difference between the two is that is in terms of tangibility. Also, goods can be produced in advance and stored in inventories, unlike services. Services are immediately consumed as produced.
The similarity between the two is that both have quality standards. However, the quality standards of services depend on the expectations before the consumption.
Both goods and services have quality standards.
Explanation:A similarity between goods and services is that both have quality standards.
Quality standards are criteria or measures set to ensure that products or services meet certain expectations or specifications.
For example, a car manufacturer may have quality standards in place to ensure that every car produced meets specific safety, performance, and reliability criteria. Similarly, a service provider, such as a hotel, may have quality standards to ensure that guests are provided with a clean, comfortable, and satisfactory experience.
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On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of $11,500. What was the balance in the Cash account at the beginning of September?a. A $0 balance.
b. A $7,400 credit balance.
c. A $7,400 debit balance.
d. A $6,000 debit balance.
e. A $6,000 credit balance.
Final answer:
The balance in the Cash account at the beginning of September was a $4,300 debit balance, which is calculated based on the normal ending balance and the transactions during the month.
Explanation:
To determine the balance in the Cash account at the beginning of September for Value Company, we need to use the account's normal balance and the transactions that took place during the month. The normal balance at the end of September was $5,000. We also know that the account was debited for a total of $12,200 and credited for $11,500.
To find the beginning balance, we perform the following calculation:
Ending Balance = Beginning Balance + Debits - Credits$5,000 = Beginning Balance + $12,200 - $11,500$5,000 = Beginning Balance + $700Beginning Balance = $5,000 - $700Beginning Balance = $4,300Therefore, the correct answer is none of the given options. The balance in the Cash account at the beginning of September was a $4,300 debit balance.
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the right price has achieved which economic goal?
a. Efficiency
b. Freedom
c. Security
d. Equity
Answer: Efficiency.
Explanation:
An economy is said to be efficient if the economy is able to make the best use of the available resources found in that economy, in meeting the needs of consumers within the economy and even exporting to consumers found in other economies.
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the right price has achieved:
a. Efficiency
An economy aims to manage its resources in such a way that it can produce the maximum possible output with the minimum input or cost. When an economy can effectively allocate its resources to produce the right goods in the right quantity and deliver them to the right people at the right price, it is said to be operating efficiently.
Efficiency is about optimal use of resources. In an efficient economy, resources are not wasted. Instead, they are used in a way that maximizes the benefit to society. If resources are allocated in a manner where no one can be made better off without making someone else worse off, then we have reached a point known as Pareto efficiency.
In the context of the options given:
- b. Freedom generally refers to the level of autonomy and choice that consumers and producers have in the marketplace.
- c. Security typically pertains to the stability of the economy, including factors like job security and safety nets for the vulnerable.
- d. Equity is about fairness in the distribution of resources and wealth.
Given the description provided in the question, the best match is:
a. Efficiency, which encompasses the optimal use of scarce resources and the delivery of goods in the most effective manner.
When discussing economic concepts, understanding the clear distinctions between terms ensures readability and clarity for readers, especially those researching for educational or informational purposes.
CANOESminus−Rminus−US makes canoes. It buys the shell of the canoe from another local firm for $300 and uses its labor and intermediate goods to make the canoe. It sells the finished canoe to a retail canoe store for $800. The retail canoe store then sells the canoe to a consumer for $1,200. The value added of CANOESminus−Rminus−US for each canoe equals
Answer:
$500
Explanation:
Given that
The buying value of the canoe shell = $300
Sale value of the finished goods for making the canoe = $800
And the final price to the customer = $1,200
S, each canoe equal to
= Sale value of the finished goods for making the canoe - Buying value of the canoe shell
= $800 - $300
= $500
Hence, the final price is ignored.
Consider a simple economy producing 2 goods: coffee and TVs. In 2014 the economy produced 2000 pounds of coffee and 10 TVs. In 2015 the economy produced 1000 pounds of coffee and 12 TVs. The price of one TV was $1,000 in both years while the price of coffee decreased from $6/pound in 2014 to $5/pound in 2015. Based on this information the percentage change in real GDP in chained prices benchmarked to 2015 is:______________
a. -16.5%
b. 22%
c. 16.5%
d. -22.0%
H2O because H2O was water and when it went we really need a water
Which of the following would best describe what would happen to the time value at the same nominal annual rate of a cash flow as the number of interest compounding periods increases?
A) Both the present value and future value would increase.
B) The present value would decrease and the future value would increase.
C) Both the present value and future value would decrease.
D) The present value would increase and the future value would decrease.
The following would best describe that what would happen to the time value at the same nominal annual rate of a cash flow as the number of interest compounding periods increases: The present value would decrease and the future value would increase. The correct option is B.
The impact of compounding is stronger as there are more interest compounding periods. Earning interest through compounding entails earning interest on both the initial capital and the total interest accumulated over time. As a result of the compounding effect, a cash flow's future worth will rise.
In contrast, as the number of compounding periods rises, the present value of a future cash flow falls. This is due to the fact that when the frequency of compounding increases, the discounting of future cash flows back to the present gets more aggressive.
Thus, the ideal selection is option B.
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Increasing compounding periods would cause the present value to decrease and the future value to increase. This is because as compounding periods increase, the interest rate per period decreases which reduces the present value. Conversely, the future value increases because the more often interest is compounded, the greater the future value.
Explanation:The best description of what would happen to the time value at the same nominal annual rate as the number of interest compounding periods increases is option B): The present value would decrease and the future value would increase.
Present value is the current worth of a future sum of money at a specified rate of return. If the number of compounding periods increase, the interest rate per period decreases, resulting in a lower present value. The rationale behind it is that the money receives less interest over each period because it is divided over more periods.
On the other hand, the future value would increase. Future value is the value of a current asset at a future date based on an assumed rate of growth. The more frequently interest is compounded within a time period, the greater the future value of the investment at the end of the time period.
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Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energy for work. When Maggie asked him about his running history, Jared said, "I really have never run before and don't exercise much. I just know I need to do something." Maggie replied, "You should start slowly, maybe setting smaller, realistic exercise goals that are achievable." Maggie is helping Jared set aA.single-use plan.B.SMART goal.C.standing plan.D.simplistic goal.E. focal point.
Answer:
B. Smart Goal
Explanation:
In Business, Smart goal refers to a type of goal that is:
S-- Specific.
Meaning that it can be clearly defined (not ambigious). In the excerpt above, this goal is to run in the upcoming marathon
M- Measurable
Meaning that that we must have some sort of way to determine whether we achieve our goal or not. From the example above, Jared can do this by measuring the distance that he can improve each day.
A- Attainable
Meaning that The goal is realistic and still within the realm of the possibility.
R- Relevant
Meaning that the goal must be something that considered as an 'improvement' from your current situation.
T -- Time based
Meaning that we must set aside a dead line to finsihed that goal.
Final answer:
Maggie recommends Jared to create SMART goals which are Specific, Measurable, Attainable, Realistic, and Time-bound, starting with manageable exercise routines and gradually increasing intensity. Option B is correct.
Explanation:
Maggie is helping Jared set a SMART goal. This term refers to goals that are Specific, Measurable, Attainable, Realistic, and Time-bound. For Jared, starting with small, realistic targets, such as walking for 15 minutes three times a week, is a good approach. By setting goals that are within his ability and can be easily integrated into his lifestyle, he increases his chance of success. As he progresses in his fitness journey, he can gradually increase the duration and intensity of his exercise to build up to running a marathon.
It is important for Jared to ensure that his goals are not too far out of reach, which could make it unrealistic, like attempting a marathon with minimal initial exercise experience. By setting a SMART goal, Jared creates a clear vision of his destination and can focus on achieving smaller, incremental objectives that lead to his ultimate aim of improving his health and energy for work. Option B is correct.
Martin transfers real estate with an adjusted basis of $260,000 and fair market value of $350,000 to a newly formed corporation in exchange for 100% of the stock. The corporation assumes the liability on the transferred real estate in the amount of $300,000.
If amount is zero, enter "0".
Martin has a recognized gain on the transfer of $ and a basis of $ for his stock.
Answer:
Martin has a recognized gain on the transfer of $40,000 and a basis of $0 for his stock.
Explanation:
Martin's gain = liability assumed on the real estate transfer - real estate basis = $300,000 - $260,000 = $40,000
Martin's basis for his stock = real estate basis + recognized gain - liability assumed on the real estate transfer = $260,000 + $40,000 - $300,000 = $0
In this case the corporation assumed a liability, and the basic accounting equation is:
assets = liabilities + equity
If the liability's value offset the asset value, then there is no increase in equity.
Broker Bill has several agents in his employ. Agent Smith, an "S-Corporation" himself, has his commission checks written out to his "S-Corporation." Because of this, Broker Bill is:
A. relieved of his duties to supervise Agent Smith
B. required to file tax withholding for Agent Smith
C. managing broker over Agent Smith
D. licensed under a corporation and no longer the employing broker
Answer:
C. managing broker over Agent Smith
Explanation:
a managing broker is someone is held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.
All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.
In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.
Final answer:
Broker Bill's supervisory obligations over Agent Smith remain despite Agent Smith's use of an S-Corporation for commission payments. Taxes for an individual who is the sole employee of their corporation include corporate income tax, individual income tax, and payroll tax.
Explanation:
Broker Bill is not relieved of his duties to supervise Agent Smith just because Agent Smith's commission checks are written out to his "S-Corporation." It is a common practice for agents to have their business set up as an S-Corporation for tax purposes. This does not change the fact that Broker Bill is the managing broker over Agent Smith and is responsible for his supervision. As for the taxes, if an individual like Agent Smith owns a corporation and is the only employee, he will need to pay corporate income tax on the corporation's profits, individual income tax on his salary, and payroll tax on the wages he pays to himself.
When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates resources. 2. how companies interest buyers. 3. how producers ship products.4. how economists study trends.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
A firm has net working capital of $440, net fixed assets of $2,186, sales of $5,500, and current liabilities of $750. How many dollars worth of sales are generated from every $1 in total assets?
a. $1.70
b. $2.52
c. $1.63
d. $1.87
e. $2.09
Answer:
c. $1.63
Explanation:
We have to calculate the asset turnover which is shown below:
Total asset turnover = (Sales revenue ÷ Total assets)
where,
Sales revenue = $5,500
The net working capital = Current assets - current liabilities
$440 = Current asset - $750
So, the current asset = $750 + $440
= $1,190
And, the total asset equal to
= Fixed asset + current asset
= $2,186 + $1,190
= $3,376
Now the total asset turnover equal to
= $5,500 ÷ $3,376
= 1.63
Final answer:
The number of dollars worth of sales generated from every $1 in total assets for the firm is approximately $2.09. You calculate this by firstly finding total assets, which in this case are $2,626, and then dividing the total sales of $5,500 by the total assets.
Explanation:
To calculate how many dollars worth of sales are generated from every $1 in total assets, you first need to determine the total amount of assets. The net working capital is given as $440, and you can calculate the total assets by adding net fixed assets to net working capital and subtracting current liabilities (since net working capital already includes current liabilities).
Total assets = Net working capital + Net fixed assets - Current liabilities
Total assets = $440 + $2,186 - $750
Total assets = $2,626
Next, divide the sales by the total assets to find out how many dollars worth of sales are generated from every $1 in total assets.
Sales to total assets ratio = Sales / Total assets
Sales to total assets ratio = $5,500 / $2,626
Sales to total assets ratio = $2.09 (approximately)
Company X has a good whistle-blowing program in place. Sara used the whistle-blowing system to alert the management about a fraud being committed by a senior employee in the human resource department. The company investigated the allegation and punished the fraudster. However, Sara was shocked to find later that everyone in her team knew that she was the one who blew the whistle. What could be a major issue with the program at the company?
a. Lack of awareness about the program
b. Lack of adherence to anonymity policies
c. Unclear policies regarding whistle blowing
d. Management inaction regarding anonymity policies
Answer:
b. lack of adherence to anonymity policies
Explanation:
An act of whistle-blowing refers to revealing a suspected fraud, misconducts or any non appropriate action or non compliance with established norms.
Whistle- blower refers to the person who chooses to make such a disclosure. Under the act, whistle-blower identity needs to be preserved by the company in question and the person cannot be oppressed by any other employee or senior management officials.
Under Whistle - Blower Protection Act, whistle blowers are protected from any sort of retaliation by their employer upon disclosure of any suspected fraud or misconduct.
In the given case, the identity of Sara as a whistle blower was not protected.
Anonymity refers to an anonymous person in the sense that the name of the whistle blower is not disclosed. The given case points out lack of compliance or adherence to the anonymity policies as Sara's name was revealed by the management.
A conversion strategy whereby an organization uses the new system with select users/parts of the organization until issues are resolves then later expands use of the new system to the entire organization is known as a:A) pilot strategy.
B) phased strategy.
C) cutover strategy.
D) parallel strategy.
The conversion method where the new system is first implemented on a small scale until issues are resolved and then expanded to the entire organization is known as a pilot strategy.
Explanation:A conversion strategy whereby an organization uses the new system with select users/parts of the company until potential issues are noted and resolved is often called a pilot strategy. The system is first introduced on a small, controlled scale. Any problems that arise in the new system can be attended to before it's broadly introduced to the entire organization. Gradually, once all the issues are addressed and the system seems to be working well on a small scale, its use is expanded throughout the organization.
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A phased strategy is a conversion strategy where an organization implements a new system in stages, starting with select users/parts of the organization to address issues before expanding its use to the entire organization.
Explanation:The conversion strategy described in the question is known as a phased strategy.
In a phased strategy, an organization implements a new system in stages, starting with select users or parts of the organization. This allows any issues or problems to be identified and resolved before expanding the use of the new system to the entire organization.
For example, a company might first implement a new software system in one department to test its functionality, train employees, and identify any bugs or issues. Once these issues are resolved, the company can gradually roll out the system to other departments.
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The total amount of equity (common stock, additional paid-in capital and retained earnings) that should appear on the balance sheet of the combined companies immediately following the merger should be
Answer:
Equal to the sum of their net assets (whether or not the assets are revalued)
Explanation:
Mathematically, equity equals the total asset of a company, less its total liabilities. This is also referred to the net assets of the company.
[tex]Equity = Total Assets - Total Liabilities[/tex]
However, when two companies are merging, the total assets of the combining companies are usually revalued to reflect their current values and not the historical values usually carried in the books before the merger. In a revaluation, if the value of total assets increases, a corresponding increase will be recorded in Equity (revaluation surplus). This keeps the Equity-Net Assets equation equal at all times.
Thus, when two companies merge, the total amount of equity of the combined companies will equal the net assets of the combined companies, irrespective of whether a revaluation of the assets of the companies was done or not.
A(n) ________ consists of people and procedures dedicated to assessing information needs, developing the needed information, and helping decision makers use the information to generate and validate actionable customer and market insights.A) enterprise planning system
B) enterprise information system
C) marketing information system
D) corporate performance management system
E) geographic information system
Answer: C; Marketing information system
Performance monitoring is data driven and the HIM department needs access to data in order to make important decisions. One way to provide real-time data and important information that can be monitored at a glance is to use which of the following?
Options: A. Benchmark
B. Dashboards
C. Pareto charts
D. Time ladder
Answer: DASHBOARDS
Explanation: Dashboards are important and vital information management tools or technique which uses visual displays to track,analyse,evaluate and determine individual performance of KPIs (KEY PERFORMANCE INDICATORS). It is in use in most modern and global organisation to track and evaluate Business and personnel performance. Through Dashboards are project monitoring and performance management can be effective and efficient.
Person-Centered Planning:
Listening beneath the surface, listening to the unsaid, and listening with a third ear is referred to as what in this course?
Answer:
Expanded listening
Explanation:
The aim of person - centered learning is to promote mans inherent ability of creativity and also integration of individuals through personal growth and development.It builds on individual's skills , talent , gifts and strength to manage the relationship of a community with people with disabilities
Expanded listening are ways in which different kind of bodies and human respond to sounds.
Person-centered planning is referred to as listening with a third ear.
Person-centered planning or the PCP is the selection and organizational process that help in supporting and providing services to the older, adult, or disabled person who requires support and special services to live in the society and with the community.
In the context of the course, person-centered planning is referred to as expanded listening. Under this, the aim is to promote the inherent ability of the man by enhancing their creativity and integrating their personal growth in society.
Expanded listening means providing an external source or can be said as providing a third ear to the disabled person for listening and learning.
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At the end of a full year mary garber had $6248.95 in her saving account. If the rate of interest was 12.253%, how much money did Mary have in the bank at the beginning of the year?
Answer:
$5,566.84
Explanation:
to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:
present value (PV) = future value (FV) / (1 + interest rate)ⁿ
where:
FV = $6,248.95interest rate = 12.253%n = 1PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason chooses a taco. The marginal cost to Jacob of ordering a burrito instead of a taco is________
Answer:
$1
Explanation:
The marginal cost is the extra costs that are to be incurred for producing an additional units
Provided that
Burritos = $5
Tacos = $3
So, the Total sales price = $8
Now this sales price is split evenly, that means it would be given the $4 to Jacob and the remaining 4 to Mason
So, the marginal cost would be
= $5 - $4
= $1
Chestnut Tree Farms has identified the following two mutually exclusive projects. Picture Over what range of discount rates would you choose Project A?
a. 7.13 percent or less.
b. 7.13 percent or more.
c. 6.38 percent or more.
d. 6.38 percent or less.
e. 6.57 percent or more.
Answer:
D) 6.38 percent or less.
Explanation:
Year Cash Flow (A) Cash Flow (B)
0 -$40,000 -$40,000
1 $11,300 $17,400
2 $14,800 $14,100
3 $13,700 $12,900
4 $7,900 $2,200
first we must subtract cash flows from A by the cash flows from B:
1 $11,300 - $17,400 = -$6,100
2 $14,800 - $14,100 = $700
3 $13,700 - $12,900 = $800
4 $7,900 - $2,200 = $5,700
then we calculate the IRR = 6.38% (using an excel spreadsheet) 0 indifference rate
if the discount rate = 6.38% or less, then you should choose project A
project A is selected below the indifference rate and not above it since it originally had a lower IRR than project B.
The correct option is d. At 6.38 percent or less range of discount rates you would choose Project A.
To determine the range of discount rates at which you would choose Project A over Project B, you need to compare the Net Present Values (NPV) of both projects.
Here's how you can solve it:
Calculate the IRR for each project. The IRR is the discount rate at which the NPV of a project equals zero. You can use a financial calculator or Excel to compute the IRR for each project's cash flows.Compare the IRRs. The project with the higher IRR will be preferable when the discount rate is less than the IRR of the other project.Let's calculate the IRR for both projects.
Cash Flows for Project A:
Initial Investment (Year 0): -$40,000Year 1: $11,300Year 2: $14,800Year 3: $13,700Year 4: $7,900Cash Flows for Project B:
Initial Investment (Year 0): -$40,000Year 1: $17,400Year 2: $14,100Year 3: $12,900Year 4: $2,200Using Excel's IRR function or a financial calculator to find the IRR for each project:
IRR for Project A: Approximately 6.38%IRR for Project B: Approximately 7.13%Decision Rule:
If the discount rate is less than 6.38%, Project A has a higher NPV than Project B.If the discount rate is more than 7.13%, Project B has a higher NPV than Project A.So, you would choose Project A over Project B when the discount rate is 6.38% or less.
d. 6.38 percent or less.
The complete question is:
Chestnut Tree Farms has identified the following two mutually exclusive projects.
Year - Cash Flow A - Cash Flow B
0 - -$40,000 - -S40,000
1 - 11,300 - 17,400
2 - 14,800 - 14,100
3 - 13,700 - 12,900
4 - 7,900 - 2,200
Over what range of discount rates would you choose Project A?
a. 7.13 percent or less.
b. 7.13 percent or more.
c. 6.38 percent or more.
d. 6.38 percent or less.
e. 6.57 percent or more.
Select all that apply. The accountant for Harper Plumbing Company failed to record the following transaction in the journal: Billed customers $1,400 for services performed. Select the two of the following that will be errors resulting from this omission. A : Net income will be understated. B : Assets will be overstated on the balance sheet. C : The ledger will not balance. D : Net income will be overstated. E : The journal will not balance. F : Assets will be understated on the balance sheet.
Answer:
A : Net income will be understated and
F. Assets will be understated on the balance sheet.
Explanation:
'Billed customers $1,400 for services performed' will be journalised as:
Cash A/c Dr to Sale/Income A/c Cr.
So; Not recording this transaction will understate the income & asset i.e cash. Income will be understated in the P&L A/C, assets will be understated in the Balance Sheet.
Other options are inapt because: Assets & Income overstatement are opposites of correct answer. Journal & ledger will be balanced because the entire entry is not recorded & its both debit & credit aspects have been omitted.
Ivan is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Ivan favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario?
a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.
b. The top-down approach can only be applied to specific business functions.
c. The top-down approach leaves other employees uncertain about their roles in the company.
d. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.
Answer:
a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.
Explanation:
The top-down approach is a model in which there is a hierarchical style and the decisions are made by the manager and then informed down the organizational chart and the lower levels have to accept the decisions. In this approach, people in the lower levels have low participation and influence on the decisions and as the firm's industry is changing too much, this people would posses crucial information and specialized knowledge that the top level might not have and because of that, this approach might not be effective. According to that, the answer is that this scenario is wrong because the self-driving vehicle industry is changing too much for the top-down approach to be effective.
High rates of inflation often result in people spending inordinate amounts of time trying to make transactions and finding ways to keep the real value of their money from decreasing. This example illustrates _____ costs.
Answer:
Shoe leather cost
Explanation:
Shoe leather cost - it is referred to the cost of efforts that people intended to counter inflation. Shoe leather cost is considered as time cost by having less amount of cash in hand in order to tackle the inflation tax. Therefore people make regular trips to financial institutions due to holding less cash.
What can the Performance Planner assist you with? A. To create an optimized copy of your existing campaign, so that it can be tested with the drafts and experiments tool B. To determine which Google Ads features should be enabled to get the best performance from your campaigns C. To improve return on investment so you can drive more conversions within your target CPA (cost-per-acquisition) D. To analyze the search term report and add both keywords and negative keywords, depending on historical performance
Answer: The correct answer is C). To improve return on investment so you can drive more conversions within your target CPA (cost-per-acquisition)
Explanation: Performance Planner is a tool used in advertising planning. It helps the advertiser to organise bids and budget in order to maximise a specific metric across his campaigns.
The tool helps to drive incremental conversions which is within your target and improve retunr on investment as well.
A competitive environment where there is weak to moderate rivalry among sellers, high entry barriers, weak competition from substitute products, and little bargaining leverage on the part of both suppliers and customers lacks powerful driving forces. gives each industry competitor the best potential for building sustainable competitive advantage over rival firms. makes it challenging for industry members to compete successfully unless they can strongly differentiate their products. is conducive to industry members earning attractive profits. requires that industry members have low costs in order to be competitively successful. A. the industry and competitive arena in which the company operates.
B. general economic conditions plus the factors driving change in the markets being served.
C. all the strategically significant forces and factors outside a company's boundaries — general economic conditions, population demographics, societal values and lifestyles, technological factors, and governmental legislation and regulation.
D. the competitive market environment that exists between a company and its competitors.
E. the dominant economic features of a company's industry.
Answer:
The answer is ; is conducive to industry members earning attractive profits.
Explanation:
Final answer:
The student's question relates to a market structure with limited competition due to high barriers to entry, which can result in a monopoly or oligopoly, allowing firms to earn higher profits compared to a perfectly competitive market.
Explanation:
The scenario detailed in the student's question pertains to a market structure where competition is limited due to various factors. Barriers to entry such as legal restrictions, technological hurdles, or market forces play a significant role in preventing new competitors from entering the market. This can lead to what is known as a monopoly, where a single firm dominates the market, or an oligopoly, where a few firms have considerable control.
In such markets, the lack of significant competition and weak competition from substitute products often allows existing firms to enjoy higher profits. However, if a firm earns positive economic profits, this could, under different conditions, encourage new entrants, assuming they can overcome the barriers to entry. This competitive dynamic is contrasted with the theoretical model of perfect competition, which is characterized by a large number of sellers, identical products, and no barriers to market entry.
Kidzo Inc., a toy car company, has several groups in its manufacturing unit dedicated to do different tasks. For example, it has a group that makes toy car wheels, another group that takes care of the contour of cars, and a separate group that assembles all the parts together. In this scenario, Kidzo uses a _____.
Kidzo Inc uses a manufacturing process called Cellular manufacturing.
Cellular manufacturing is a process where the production equipment is grouped together and used for the sequential production of a set of parts that have similar characteristics.
This process of manufacturing is used in lean manufacturing operation with aim of preventing waste from the production processIn conclusion, Kidzo Inc uses a manufacturing process called Cellular manufacturing
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According to the Keynesian framework, ________ may cause a recession, but not inflation. a. a major trading partner's economic slowdown b. a decrease in interest rates c. an increase in domestic investment d. a decrease in a major trading partners export prices
Answer:
a major trading partner's economic slowdown
Explanation:
Unemployment is the main concern in Keynesian framework. It emphasis on the fight against the Unemployment and Inflation. The only event that major trading partner's economic slowdown will only effect the unemployment but not inflation. Decrease in prices and domestice investment is not causes of recession in the economy.
According to the Keynesian framework, a decrease in a major trading partner's export prices may cause a recession, but not inflation.
Explanation:According to the Keynesian framework, a decrease in a major trading partner's export prices may cause a recession, but not inflation. This is because when a major trading partner's export prices decrease, it leads to a decrease in the demand for imported goods, which reduces aggregate demand in the home country. This decrease in aggregate demand can lead to a recession, but it does not directly cause inflation.
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Lucile, the head of a project, starts her presentation on the project by comparing each team member's work to that of a mountaineer climbing the highest peak in the world. In the given scenario, Lucile uses a(n) _____ to open her presentation.A. anecdote
B. startling statistic
C. simile
D. engaging question
Answer: Simile
Explanation: Simile is a figure of speech used for making comparison between two things with the aim of giving a more lucid, interesting or clearer meaning of the scenario. Simile expressions are used to compare one word with another using 'like' or 'as' to link both words together. In the question above, comparison is made by relating the work done by each team member to that of a mountaineer climbing the world highest peak.
Garrett, an American manager for a fast food corporation, visited Saudi Arabia for a business meeting. Despite being Christian, he attempted to act like a Muslim in a misguided attempt to please his host. Mark has violated a cultural __________.
Answer:
Mark violated a cultural exclusive
Explanation:
Cultural exclusives are customs that are only for locals.I.e If you are a Christian, don’t go to the Middle East and attempt to act like a Muslim because that will be termed as insulting their religion.