Answer:
Explanation:
S/N Age range Adult Population Population Internet Users
A 18 - 29 478 454
B 30 - 49 833 741
C 50 and above 1644 1058
Total 2955 2253
a) Let E = Estimate proportion and A = Internet users
Hence, n(E) = 478 and n(A) = 454
∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)
b) n(E) = 833 and n(B) = 741
∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)
c) n(E) = 1644 and n(C) = 1058
∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)
d) Let Et = Total estimate proportion
Hence, n(Et) = 2955 and n(A) = 454
∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)
The point estimates for the proportion of adults using the Internet are 0.9498 for ages 18-29, 0.8894 for ages 30-49, 0.6438 for ages 50 and over, and combining the data for all age groups yields an overall estimate of 0.7386.
The Pew Internet & American Life Project aims to measure the proportion of adults in various age groups using the Internet. To find the point estimates for each group, we simply divide the number of respondents who answered 'Yes' by the total number of respondents in that age group.
Proportion Estimates for Internet Usage
a. Proportion of adults aged 18
dash 29 who use the Internet:
Point Estimate = Number of 'Yes' responses / Total number of respondents
Point Estimate = 454/478 = 0.9498 (rounded to four decimal places)
b. Proportion of adults aged 30
dash 49 who use the Internet:
Point Estimate = 741/833 = 0.8894 (rounded to four decimal places)
c. Proportion of adults aged 50 and over who use the Internet:
Point Estimate = 1058/1644 = 0.6438 (rounded to four decimal places)
d. Overall proportion of all adults using the Internet:
To estimate this, we need to combine the 'Yes' responses and the total respondents from all age groups. Add the number of 'Yes' responses together and divide by the total number of respondents.
Overall Point Estimate = (454+741+1058) / (478+833+1644) = 0.7386 (rounded to four decimal places)
After receiving the seller’s transfer disclosure statement, buyer clark rivers is not satisfied that all has been revealed. he’s heard rumors that a previous tenant died of aids inside the very home he would like to buy. clark demands to know if this is true, since it was not mentioned on the disclosure statement. which of the following is the appropriate legal response the broker must give to clark’s query?a. yes, this is true. a previous tenant, who lived and died here two years ago, did have aids.b. i’m sorry, but the transfer disclosure statement covers all material facts that must be disclosed, and a person having aids is not a material fact, whether or not it would be applicable in this situation.c. i’m sorry, but i am not permitted to answer this question, as it could be a potential civil rights violation, under the federal and state fair housing laws.d. both b and c.
Answer:
Both b. and c.
That is
b. i’m sorry, but the transfer disclosure statement covers all material facts that must be disclosed, and a person having aids is not a material fact, whether or not it would be applicable in this situation.
c. i’m sorry, but i am not permitted to answer this question, as it could be a potential civil rights violation, under the federal and state fair housing laws.
Explanation:
In the given instance the buyer if the property is asking if the previous tenant had AIDS and wants to use this information in the purchasing process. This is illegal and could result in legal action due to civil rights violation. Discrimination is not allowed in deciding to do business with another party, and the buyer is trying to discriminate on the grounds that the previous owner had AIDS.
Also in disclosing relevant information, wether the previous owner had AIDS is irrelevant to the sale of the house as it does not affect the quality of the house.
A woman making $1500 per month has her salary reduced by 20% because of sluggish sales. One year later, after a dramatic improvement in sales, she is given a 30% raise over her reduced salary. Find her salary after the raise. $ 1560 Correct: Your answer is correct. per month What percent change is this from the $1500 per month? 13 Incorrect: Your answer is incorrect. %
Answer:
A) Her salary after the raise is $1560 /month
B) 4% a month
Explanation:
(a)
A woman was making salary / month = $1500
Reduced % in salary = 20%
Reduced amount in salary/month = $1500 x 20% = $300 /month
Salary after reduced amount = $1500 - $300 = $1200 /month
A year later after a dramatic improvement in sales, increment % in salary
= 30% over reduced salary
= 1200 x (30/100) ==> $360 /month
Salary after increment = $1200 + $360 ==> $1560 /month
∴ the salary after raise is $1560 /month
(b)
starting salary = $1500 /month
Salary increment = $1560 - $1500 =$60 /month
%change = (Salary Increment / starting salary) x 100
= (60/1500) x 100
= 4% a month
After a 20% salary reduction and a subsequent 30% raise, the woman's new salary is $1560 per month, which is a 4% increment from original salary of $1500.
Explanation:The woman's salary after the 20% reduction would be $1200 per month (this being 80% of her initial salary). A 30% increment on the reduced $1200 salary would result in a new salary of $1200 + 30% of $1200 = $1560 per month. To find the percentage change from original salary of $1500, we calculate the difference between the new and original salaries, divide by the original, then multiply by 100. This equals to ($1560-$1500)/$1500 x 100 = 4%. So, the salary after raise has a 4% increment from the original salary.
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True or False
1. There is no overlap between financial and managerial accounting.
2. Managerial accounting sometimes relies on past information.
3. Managerial accounting does not need to conform to GAAP
4. Financial accounting must conform to GAAP.
Answer:
1. False
2. True
3. True
4. True
Explanation:
1. There is an overlap between financial and managerial accounting. For example, inventory method and expenses. Again, financial groups and management groups are working together to create information in aligning the necessary planning, controlling, and decision making. Therefore, it is a false statement.
2. While planning, controlling and making a decision, managerial accountants have to rely on past performance. It is a true statement.
3. Managerial accounting does not need to conform to GAAP or even IFRS. It is a true sentence.
4. Financial statements indeed have to conform to GAAP (Generally accepted accounting principles). It is a true statement too.)
The Federal Reserve is:__________A) a primary purchaser of Treasury securities and an active participant in the secondary market for these issuesB) a primary purchaser of Treasury securities but not an active participant in the secondary market for these issuesC) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securitiesD) not a primary purchaser of Treasury securities and not an active participant in the secondary market for these securities
Answer:
C) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securities.
Explanation:
The federal reserve is a government body that is tasked with controlling liquidity in the economy by use of various tools like interest rate and issuance of securities.
Treasury securities are a tool for controlling economic liquidity by mopping up excess cash.
The federal reserve is not a primary purchaser of treasury securities as it does not bid for shares it issues at weekly auctions. Primary traders are the ones that buy at weekly auctions.
However in the secondary market the federal reserve trades in treasury securities to control credit and liquidity.
_________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year.
Answer:
NNP; GNP hope this helps ;)
IT SHOULD BE RIGHT :0
Information Systems Guidelines are a set of statements specifying how the firm should use its technical and organizational IS resources to achieve the IS vision. What is (are) the purposes(s) of these guidelines?
Answer:
The purpose of these guidelines is to develop and implement information and communication systems to achieve information system vision.
Explanation:
An online buying club offers a membership for $115, for which you will receive a discount of 10 percent on all brand-name items you purchase. How much would you have to buy to cover the cost of the membership
Answer:
$1,150 worth of items
Explanation:
Given that,
Club offers membership = $115
Discount of all brand name purchase = 10%
Therefore, to cover the cost of membership,
You would have to purchase = 115 ÷ 0.10
= 1,150.
So, you have to buy items worth $1,150 to cover the cost of the membership.
Note that,
Discounts are a reduction in the original cost of a commodity, usually done in order to attract customers.
In translating a foreign subsidiary's financial statements, which exchange rate does the current method require for the subsidiary's assets and liabilities? Multiple Choice The exchange rate in effect when each asset or liability was acquired. The average exchange rate for the current year. A calculated exchange rate based on market value. The exchange rate in effect as of the balance sheet date. The exchange rate in effect at the start of the current year.
Answer:
The exchange rate in effect as of the balance sheet date.
Explanation:
Here some important points to consider while translating a foreign subsidiary's financial statements
In translating a foreign subsidiary's financial statements, please, do not mess up a functional currency with a presentation currency. Every company has just one functional currency, but it can present its financial statements in many presentation currencies. While the functional currency depends on the economic environment of a company and its specific operations, the presentation currency is a matter of CHOICE.If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment:
Answer:
The options for this question are the following:
A. Increase; Increase.
B. Increase; Not change.
C. Not change, Increase.
D. Do none of the above
The correct answer is A. Increase; Increase.
Explanation:
The natural unemployment rate is one that represents a level of unemployment that cannot be reduced and is part of what is considered normal in an economy. This level usually ranges between 2% and 5% and is part of the frictional unemployment of the population.
The natural unemployment rate exists, in part, because some workers quit their jobs, ceasing to earn income for a time, for various reasons. These may be, for example, the aspiration for a better professional opportunity or the distance to the workplace.
Many magazine companies are dropping the title of ________ from their publications as evidence of the importance of digital publishing to their business.
Answer:
The correct answer is publisher.
Explanation:
The concept of editor includes that person or company, such as an editorial, which is dedicated to editing works or other publications, such is the case of journalistic, among the most recurrent, the publication of books and magazines.
This task constitutes a very important industry in almost all the countries of the world and has a very relevant cultural function, since in addition to of course being an economic business for those who participate directly in it, authors, publishers, sellers, through it The information is set in motion so that it reaches the interested public and in this way it can know more or educate itself about a certain science or topic.
Richard is an employee of the Dun Construction Corp. While delivering materials to a construction site, he carelessly backs Dun’s truck into a passenger vehicle driven by Green. This is Richard’s second accident in six months. When the company owner, Dun, learns of this latest accident, a heated discussion ensues, and Dun fires Richard. Dun is so angry that he immediately writes a letter to the union of which Richard is a member and to all other construction companies in the community, stating that Richard is the "worst driver in the city" and that "anyone who hires him is asking for legal liability." Richard files a suit against Dun, alleging libel on the basis of the statements Miller, Roger LeRoy. Business Law: Text & Cases - The First Course - Summarized Case Edition (p. 123). Cengage Learning. Kindle Edition.
Answer:
Richard's claim against Dun for libel were considered valid by the court since Dun's letter was made only with the intent of hurting Richard. Dun knew that by writing that letter to the union and other construction companies, it would be extremely difficult for Richard to find a new job. The sole intention of the letter was to hurt Richard, not to warn others about Richard's poor driving abilities.
Explanation:
Within a ___________________, the necessary ingredients exist to enable the organization's employees to identify, design, develop, produce, deliver, and support products or services that the customer wants.
Answer:
Quality management system.
Explanation:
Quality management system is defined as a set of processes bthatbare carried out with the aim of ensuring services satisfy the customer. It involves organisational goals, processes, documented information, and resources needed to implement quality management.
QMS ensures continous improvement of organisation's processes, products, workflow, and culture in the bud to satisfy the customer.
Two advantages of decentralization are that (1) managers are encouraged to not solve their own problems, but rather to ask for assistance as soon as possible, and (2) decisions are made more slowly because they are discussed at a higher level of management.
"Two advantages of decentralization are that (1) managers are encouraged to not solve their own problems, but rather to ask for assistance as soon as possible, and (2) decisions are made more slowly because they are discussed at a higher level of management" is TRUE.
Explanation:
Decentralization is purely a matter of splitting management work and assigning similar tasks to the different executive competences. Put structured effort into delegating all authority to the lowest levels, excluding that which can only be practiced at the major points.
Advantages:
Minimizes the pressure on senior executives,encourages diversification, encouraging executive growth, fostering inspiration, better monitoring and monitoring and Rapid Judgment-Making.Disadvantages:
Uniform guidelines not pursued, co-ordination issue, more monetary pressure, requirement of trained staff anddispute.Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on a population percentage basis, exceeds any nation in the West.
True or False
Answer: True
Explanation:
Something that has caught the attention of many has been how electronic money has been used in countries like Kenya and Somalia. A study has confirmed that the use of mobile money has reduced poverty in places like Kenya. Mobile money is defined as money where people can make financial transactions through their phones.
This type of activity has greatly influenced poverty reduction and the high rates that occurred when people had to send money over certain distances. In countries like Somalia, there are no longer any traces of physical money, everything is virtual. In this way, the country has achieved economic stability for years. People increasingly consume through their mobile phones, making in an easier way all kind of payments.
The proliferation of mobile money technology in Kenya and Somaliland, exemplified by the widespread use of the Mpesa app and the rise of mobile purchasing on Jumia, supports the claim that their use of mobile money exceeds that in Western nations, making the statement true.
The statement that technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on a population percentage basis, exceeds any nation in the West, is True. In Kenya, the use of the Mpesa app for transactions such as paying bills, shopping in stores, and taking taxis has enabled people to leapfrog traditional banking systems. This mobile money system is also used for internet sales on platforms like Jumia and by overseas workers to transfer money back home more affordably. Furthermore, the increased access to mobile technology in Sub-Saharan Africa, as highlighted by a fivefold increase in mobile phone access, has enabled benefits ranging from improved market access for fishers and farmers to secure money transfers among individuals.
Lambert Company, a wholesale merchandiser, would record a sale when the goods leave Lambert's shipping department only if which of the following possible times for transfer of controls is specified in the sales agreement?
A. FOB cash on delivery
B. FOB destination
C. FOB prepaid
D. FOB shipping point
Answer: D. FOB shipping point
Explanation:
FOB(Free-on-board) shipping point is the agreement term state where buyer and seller note the delivery of goods as the shipments leaves from shipment dock.
According to the question,Lambert shipping should have specific FOB shipping point in contract for knowing clear record of delivery of goods leaving the sellers warehouse.
Other options are incorrect because FOB cash on delivery, FOB prepaid and FOB destination are not the agreement terms to defines about product delivery left from shipment dock.Thus, the correct option is option(D)
Lambert Company would record a sale when the goods leave its shipping department if the sales agreement specifies FOB shipping point. This is because under FOB shipping point, the buyer assumes responsibility as soon as the goods leave the seller's premises and the seller can recognize the sale at that point.
Explanation:The Lambert Company would record a sale when the goods leave Lambert's shipping department if the sales agreement specifies FOB shipping point. FOB stands for 'Free On Board', a term used in shipping agreements to decide when the costs, risk, and title of goods move from the seller to the buyer.
Under FOB shipping point, the buyer assumes responsibility as soon as the goods leave the seller's premises. In other words, the seller records a decrease in its inventory costs and recognizes revenue from the sale once the goods leave their shipping department.
On the other hand, FOB destination means the seller assumes responsibility until the goods reach the buyer's location. In this case, the seller would record the sale only after the goods have been delivered to the buyer's place. FOB cash on delivery and FOB prepaid are payment terms and don't affect when the seller records the sale.
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Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost distortion through factory overhead allocation is occurring where snow skis are underpriced and water skis are overpriced. As a result, all of the following statements are true except
a.Jason's accountant should consider a single plantwide rate to correct the problem.
b.Snow skis likely consumed a larger proportion of factory overhead than was allocated.
c.Jason may incorrectly decide to expand production of snow skis.
d.Jason will likely lose sales of water skis.
Answer:
Jason's accountant should consider a single plantwide rate to correct the problem.
Explanation:
In this scenario where there are two products being produced, they will consume different amounts of resources during production. Allocation of resources uniformly by using single plantwide rate will cause cost distortion when allocating factory overhead, so this is the incorrect option.
Jason's accountant should rather allocate overhead cost to the products on the basis of how much resources were used for their production this will reduce cost distortion.
Acme Company has three identical manufacturing plants, one on the Texas Gulf Coast, one in southern Alabama, and one in Florida. Each plant is valued at $200 million. Acme's risk manager is concerned about the damage which could be caused by a single hurricane. The risk manager believes there is an extremely low probability that a single hurricane could destroy two or all three plants because they are located so far apart. What is the probable maximum loss associated with a single hurricane?
A) $0 million
B) $200 million
C) $400 million
D) $600 million
Answer:
B) $200 million
Explanation:
Since Acme's risk manager is concerned about the damage which could be caused by a single hurricane and he believes there is an extremely low probability that a single hurricane could destroy two or all three plants because they are located so far apart.
Extremely low probability implies NO probability for two or three plants, hence, no likelihood exists
The probable maximum loss associated with a single hurricane is the total cost of 1 plant - $200 million, assuming 100% probability
A title clause in a contract provides exactly what type of title the buyer is expecting to receive from the seller: Group of answer choices True False
Answer:
True
Explanation:
A retention of title clause within a contract of sale essentially means that ownership remains with the supplier, until full payment for the goods has been received. That is the seller of a particular product still holds full custody of his goods until the buyer fully pays for the goods.
Since the 1980s, many "developing" countries have liberalized trade and investment, often because they have had to accept IMF Structural Adjustment Programs (SAPs) and open their economies. Many, however, still have considerable barriers. For example, "International Shipments Logistics" is defined as "Ease of arranging competitively priced shipments. " What are the three biggest outliers in the histogram above, with the poorest international shipping logistics? Do you know anything about the challenges these countries face?
Answer:Please Refer to the explanation section
Explanation:
The question has insufficient information, we are supposed to be studying the diagram to determine outlier countries with poorest international shipping logistics. i have consulted the International Shipping Logistic performance index 2018 to find poorest countries in terms of international shipping logistics. according to the world bank countries like Zimbabwe, Lesotho , Syrian Arab Leon , Sierra Leon and Niger are some of the poorest countries when incomes to international shipping
Challenges Faced by these countries.
Challenge of being land locked.Countries like Zimbabwe , Niger and Lesotho face great challenges in international shipping logistics because they are land locked. any Political instabilities in the neighbouring countries affect they logistics businesses directly because the need entry to other countries to transport goods
Political InstabilityCountries like Syrian Arab Republic, Somalia and Sierra Leon suffer from Political instability which makes it difficult for the to trade with other countries.
World trade has expanded greatly due to the advancements in transportation, like shipping containerization that reduces costs, and lowered trade barriers.
Explanation:The rise in world trade since the 1980s can be attributed to two main factors. The first one is the advances in transportation and communication, which significantly brought down the costs of moving goods globally. This growth began when the development of shipping containerization in 1956 led to a dramatic reduction in shipment costs, streamlining the transfer of cargo from land to sea transport.
The second factor behind the rise of trade is the reduction of government-imposed trade barriers, like tariffs and quotas, along with the advent of technology in communication, and information management. These factors have collectively enhanced the ease of long-distance economic connections, lowered costs, and driven globalization. It's also been facilitated by international agreements and treaties which have promoted increasingly liberalized trade across nations.
Although the exact countries that are outliers in terms of poor international shipping logistics were not provided, challenges these countries face can include inadequate infrastructure, inefficient customs operations, and political instability, which can all hinder the ability to take part in global trade efficiently.
According to _________, the typical perspective held by managers is that employees dislike work, must be monitored, and can be motivated only with rewards and punishment ("carrots and sticks").
According to Theory X, the typical perspective held by managers is that employees dislike work, must be monitored, and can be motivated only with rewards and punishment.
Explanation:A psychologist named Douglas McGregor was the one who developed the concepts of Theory X and Theory Y .These includes a set of assumptions that are considered by the mangers to judge about the people. The assumptions like, dislike, unwillingness in working and little ambition are included in Theory X.
Theory X also have assumptions that employees are lazy, will be doing any of the things for the purpose of avoiding work and also will be unmotivated.In contrast to it, Theory Y assumes that the employees will be happy in working, and also will like to have additional duties without forcing them to do.
Final answer:
Douglas McGregor's Theory X describes a management perspective where employees are considered lazy and motivated only by rewards and punishment, leading to a rigid work environment. Contrastingly, Theory Y offers a positive view, suggesting that employees are inherently motivated and thrive when given more responsibility.
Explanation:
According to Douglas McGregor, the typical perspective held by managers that employees are inherently lazy and must be motivated by rewards and punishment is encapsulated in Theory X. This conventional management approach is built upon assumptions that employees dislike work, shirk responsibility, and require strict supervision as well as enticement through 'carrots and sticks' to perform adequately. Theory X managers tend to create rigid, control-based environments that heavily depend on external motivation to drive employee performance.
In contrast to Theory X, McGregor also introduced Theory Y, which holds a more optimistic view of employee motivation and behavior. Theory Y suggests that employees are naturally motivated, seek responsibility, and the job of the manager is to cultivate an environment which allows individuals to recognize and fulfill their own potentials.
Employees arrive at a cafeteria according to a poisson process at an average rate of 30 employees per hour. the probability that, after one employee arrives, the next one will arrive at least three minutes later is _________.
Answer:
0.223
Explanation:
This means no shows up in 3mins=3/60=1/20hour.
Therefore the probability is
e^-λt = e^-30/20 = 0.223
There is a 0.223 percent chance that the next employee will show up at least three minutes after the first.
What is probability?Probability is a branch of mathematics that deals with numerical representations of the likelihood that an event will occur or that a statement is true.
The probability of an event is a number between 0 and 1, where, generally speaking, 0 indicates the event's impossibility and 1 indicates its certainty. The more likely an event is to happen, the more likely it is to happen.
A simple demonstration is tossing a fair (unbiased) coin. The coin is fair, hence the outcomes "heads" and "tails" are equally likely; as a result, the probability of "heads" is equal to the probability of "tails." Additionally, as no other possible outcomes are conceivable, the probability of either event is 1/2 (also written as 0.5 or 50%).
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Q 1.25: If total liabilities increased by $95,000 and stockholders' equity increased by $45,000 during a period of time, then total assets must change by what amount and direction during that same period?
Answer:
The total asset are increased by $140,000
Explanation:
As we know that:
Assets = Equity + Liabilities
So if Equity is increased by $45,000 and liabilities are increase by $95,000, then by putting the values in the above equation we have:
Assets = $45,000 + $95,000 = $140,000
The total assets are increased by $140,000 due to the changes in the liabilities and equity changes.
Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely. Each of these is pursuing a ________.
Answer: differentiation strategy
Explanation: Differentiation strategy is an approach that a business takes to develop a product or service that customers will find unique and better than other distinctive products or services offered by competitors. Differentiation strategy simply means a unique way for a business to distinct itself from the competition.
Every fast food hamburger restaurant chain wants the customers to believe their product is the best because it is stored or prepared uniquely.
Clear Call Corporation makes phones, which are sold to consumers by DefDeals stores. Erna files a product liability suit against ClearCall, alleging a design defect. In deciding whether to hold ClearCall liable, the court may consider:__________.1. Erna's intended use for the phone.2. An available alternative design.3. DefDeals' method of accounting.4 .ClearCall's quality control efforts
Answer:
2. An available alternative design.
Explanation:
Note that in law held liable for the quality of products they sell to their customers. The cost or the legal penalty a manufacturer or trader incurs for producing or selling a faulty product is what is termed product liability.
Since it was the consumer Erna that filed a product liability suit against ClearCall, an available alternative design may be considered by the court so as to replace the faulty phone bought by Erna before holding ClearCall liable.
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as:____________.
a. an indicator of the variety.
b. an indicator of quality.
c. a measure of scarcity.
d. a reflection of status quo pricing. e. a measure of the income effect.
Answer:
b. an indicator of quality.
Explanation:
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.
Value-based pricing is a strategy of setting prices primarily based on a consumer's perceived value of a product or service.
Price is an Indicator of Value From a consumer's standpoint because it is often used to indicate value when it is compared with perceived benefits such as the quality .
White Laundry Company purchased $6,500 of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $3,000 on hand. It is the company’s first period of operations. The adjusting entry that should be made by the company on June 30 is:________.
1. debit supplies expense, $3,000; credit supplies, $3,000.
2. debit supplies, $3,000; credit supplies expense, $3,000.
3. debit supplies, $3,500; credit supplies expense, $3,500.
4. debit supplies expense, $3,500; credit supplies, $3,500.
Answer:
4. debit supplies expense, $3,500; credit supplies, $3,500.
Explanation:
Assuming there is no opening inventory of supplies. So the purchases mad is the only inventory which is in stock during the Month of June. Stock has been used during the month and at the end of the month it remains only $3,000.
Using following Formula we will calculate the supplies Expense.
Ending Inventory of supplies = Opening Inventory of supplies + Purchases - supplies Expensed in the period
$3,000 = $0+ $6,500 - Supplies Expensed in the period
$3,000 = $6,500 - Supplies Expensed in the period
$6,500 - $3,000 = Supplies Expensed in the period
Supplies Expensed in the period = $3,500
So, the entry will be
Debit supplies expense $3,500
Credit supplies $3,500
When a person is authorized by the principal to transact all affairs in connection with a particular type of business or trade or to transact all business at a certain place, that person is a __________ agent.
Answer:
General agent
Explanation:
A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.
A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.
On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.
Virgo Inc.earns less than 70 percent of its revenue from manufacturing computers.It recently started manufacturing tablets.The company made use of existing technology and materials and decided to distribute the tablets through the same distributors used for its computers.In this scenario, Virgo Inc.chose:____________.. A) related-constrained diversification B) related-linked diversification C) unrelated-constrained diversification D) unrelated-linked diversification
Answer:
A) related-constrained diversification
Explanation:
Based on the scenario being described within the question it can be said that Virgo Inc.chose related-constrained diversification. This term refers to when a company has various sub-business's that are related or connected and in which the dominant business, which in this scenario is the computer manufacturing business, is earning less than 70% percent of the overall company's revenue.
The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.A. Flattened management hierarchies.B. Self-directed work groups and virtual teams.C. Heightened global competition.
Answer:
The correct option is self-directed work groups and virtual teams
Explanation:
This question takes a look at post-bereaucratic organization(PBO),which is form of organization that differs from multi-divisional or multi-functional structure, where emphasis is laid on hierarchy and loyalty to superiors.
Self-directed work groups and virtual teams are a way to break the barriers that teams must be based in the same location and operate at the same time
With aid of advancement in information technology , far flung individuals can collaborate on issues of common interest, clear and mutual goals.
The team can only meetings via Skype for business and still ensure they deliver at the optimum level
Final answer:
New cereal product development teams involve diverse team members including product development and upper management, working towards a flattened management hierarchy and leveraging self-directed work groups for increased efficiency and productivity.
Explanation:
The development of new cereal products often involves collaboration between team members with various expertise including product development, engineering, production, purchasing, quality, regulatory, marketing, sales, and upper management. Teams may span multiple geographical locations and work in a manner that reduces hierarchical constraints, promoting a flattened management hierarchy. This encourages self-direction and empowers teams to be more proactive in their roles, thus benefiting from the collective intelligence and capabilities of its members.
As organizations strive for efficiency and productivity, the adoption of self-directed work groups and virtual teams has become increasingly prevalent. These teams can hire talent from a diverse pool, tap into different geographic regions, and measure success based on deliverables rather than traditional oversight methods. A reference to large companies such as the Miller Brewing Company and Texas Instruments Inc. highlights the significant improvements in productivity and quality that can be achieved with this team-based approach.
Which of the following refers to a process of developing distribution objectives, evaluating internal and external environmental influences on distribution, and choosing a distribution strategy? A. Slotting allowance B. Conventional marketing system C. Distribution tactics D. Vertical marketing system (VMS) E. Distribution planning
Answer:
The correct answer is E. Distribution planning.
Explanation:
Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.