1. Define Entrepreneurship 2. Define free enterprise economics 3. List the five roots of opportunities and the characteristics of opportunities in starting a business 4. Identify the characteristics

A). the costs of Jobs DBS-32 and DBS-35 at (1) the beginning of the month and (2) when completed is $216,090.

B). The cost of Job DBS-36 at the end of the month is $102,025.

C). Overapplied service overhead for the month was $2,280

1.

Costs of Jobs DBS-32 and DBS-35 at

(1) the beginning of the month

Job DBS-32:

Associate labor cost at the beginning = $37,520

It is given that, overhead is applied at a rate of 75 percent of associate labor costs.

Applied overhead at the beginning = $37,520 × 75% = $28,140

Cost of Job DBS-32 at the beginning of the month = Associate labor cost + Applied overhead = $37,520 + $28,140 = $65,660

Job DBS-35:

Associate labor cost at the beginning = $27,480

Applied overhead at the beginning = $27,480 × 75% = $20,610

Cost of Job DBS-35 at the beginning of the month = Associate labor cost + Applied overhead = $27,480 + $20,610 = $48,090

(2) when completed

Job DBS-32:

Total cost of the job at the beginning of the month = $65,660

Additional costs during the month:

Associate labor cost = $32,100

Applied overhead = $32,100 × 75% = $24,075

Total additional costs = $32,100 + $24,075 = $56,175

Cost of Job DBS-32 when completed = Cost at the beginning of the month + Additional costs during the month = $65,660 + $56,175 = $121,835

Job DBS-35:

Total cost of the job at the beginning of the month = $48,090

Additional costs during the month:

Associate labor cost = $96,000

Applied overhead = $96,000 × 75% = $72,000

Total additional costs = $96,000 + $72,000 = $168,000

Cost of Job DBS-35 when completed = Cost at the beginning of the month + Additional costs during the month = $48,090 + $168,000 = $216,090

2.

Cost of Job DBS-36 at the end of the month:

Associate labor cost for Job DBS-36 = Total associate labor cost for all jobs for the month - (Associate labor cost for Job DBS-32 during the month + Associate labor cost for Job DBS-35 during the month)

= $186,400 - ($32,100 + $96,000) = $58,300

Applied overhead = $58,300 × 75% = $43,725

Total cost of Job DBS-36 at the end of the month = $58,300 + $43,725 = $102,025

3.

Applied overhead for the month = Total associate labor cost for the month × Overhead applied rate = $186,400 × 75% = $139,800

Actual overhead for the month = $137,520

Actual overhead is lower than the applied overhead, therefore, the overhead is overapplied.

Overapplied overhead = Applied overhead - Actual overhead = $139,800 - $137,520 = $2,280

Overapplied service overhead for the month was $2,280.

Labor costs constitute the full expenditure incurred through employers for the employment of personnel. They represent the value of the salaried labor force, which is why they're on occasion known as salary costs. Labor charges are certainly one of 3 styles of charges that make up a producer's price of products sold (COGS).

Direct labor cost is a part of wage bills or payroll that can be specifically and continuously assigned to or associated with the manufacture of a product, a selected painting order, or the provision of a provider. Exertion charges also are labeled as constant expenses or variable expenses. for instance, the fee of exertion to run the machinery is a variable price, which varies with the company's stage of production. A company can without difficulty increase or lower variable labor value via growing or decreasing manufacturing.

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Answer:

A. abstract liberalism

Explanation:

Since in the question it is mentioned that the bank manger said that the everyone should access to home loans but if it is not done than the reason would be the lacking of effort not race so this represent the abstract liberalism as everyone provides the equal opportunity irrespective of the race, religion, culture they belongs

Hence, the correct option is A.

The Machinery account for the years 2019 to 2022 is given below.

Date Particulars Debit Credit

01/01/2019 Machinery 10,00,000

Depreciation 1,00,000

01/05/2020 Machinery 15,00,000

Depreciation 2,40,000

01/07/2022 Machinery 12,00,000

Depreciation 3,42,400

31/10/2022 Sale  75,000

Depreciation  51,600

31/12/2019 Depreciation  1,00,000

31/12/2020 Depreciation  2,40,000

31/12/2021 Depreciation  2,16,000

31/12/2022 Depreciation  3,42,400

Closing  10,98,000

It should be noted that to prepare the Machinery account, we need to record the purchase of machinery and the sale of a part of the machinery. Also, we need to calculate the depreciation on the machinery at the end of each year.

First, we need to calculate the depreciation on the machinery purchased on January 1, 2019.

Depreciation for the year 2019 = 10% of Rs. 10,00,000 = Rs. 1,00,000

Depreciation for the year 2020 = 10% of (Rs. 10,00,000 - Rs. 1,00,000) + 10% of Rs. 15,00,000 = Rs. 2,40,000

Depreciation for the year 2021 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000) + 10% of Rs. 15,00,000 = Rs. 2,16,000

Depreciation for the year 2022 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000 - Rs. 2,16,000) + 10% of Rs. 15,00,000 + 10% of Rs. 12,00,000 = Rs. 3,42,400

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The given statement "Writing a check and hoping to deposit money to cover it before it clears is called a check float" is true because it refers to the practice of taking advantage of the time it takes for a check to clear by writing a check without sufficient funds, with the expectation of depositing money to cover it before the check is presented for payment.

Check float is a method of artificially inflating the balance of a checking account by delaying the presentation of a check for payment.

This practice is illegal and constitutes check fraud, which can result in penalties and legal consequences. It is important to ensure that sufficient funds are available before writing a check to avoid potential overdraft fees and other charges.

It is also essential to keep track of all transactions to avoid inadvertently bouncing a check or engaging in fraudulent activity.

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The correct answer is b. Only III. Financial risks refer to potential events or circumstances that can negatively impact an organization's financial performance or value.

Among the options provided: I. The decline in the value of a bond portfolio because of rising interest rates - This represents an interest rate risk, which is a type of financial risk. When interest rates rise, the value of existing bonds typically decreases.

II. Increased cost of raw materials - This represents a commodity price risk or input cost risk. It is related to operational or business risk rather than financial risk.

III. Loss of profits after being sued by an employer - This represents a legal risk or litigation risk. It is not specifically a financial risk, but it can have financial implications for a company if it results in financial loss or penalties.

IV. Loss of money because of adverse movements in currency exchange rate - This represents a currency exchange rate risk, which is a type of financial risk. Adverse movements in exchange rates can lead to financial losses when dealing with foreign currencies.

Since option III is not considered a financial risk, the correct answer is b. Only III.

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Answer:

$270.00 in 15 years

Explanation:

3% of $600 = $18.00 annually

$18.00 x 15 years = $270.00 interest earned

Answer:

two major advantages of unions:

1. we get more items from different countries

2. Unions promote higher wages and better benefits

two major disadvantages:

1. Labor unions discourage individuality

2. Unions can drive up costs as well as making it harder to promote and terminate workers.

Given:

Price of one share in 1980 = $\(17\dfrac14\)

Price of one share in 1989 = $\(56\dfrac18\).

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Explanation:

Using the given information,

Change in the value of each share = \(56\dfrac18-17\dfrac14\)

                                                          = \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)

                                                          = \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)

                                                          = \(\dfrac{449-138}{8}\)

                                                          = \(\dfrac{311}{8}\)

Value of one share increased by $\(\dfrac{311}{8}\).

Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)

                                                        = \(\dfrac{31100}{8}\)

                                                        = \(\dfrac{7775}{2}\)

                                                        = \(3887.5\)

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.

Answer:

Yes.

Explanation:

Option C. growing. Gross Domestic Product (GDP) measures the final value of goods and services produced in a country within a given time frame.

In other words, GDP is used as a measure of economic growth or progress.GDP is the total value of goods and services produced in a country within a certain time frame. The higher the GDP, the stronger the economy of the country. It is a sign that the country's economy is growing.

In this context, an increase in gross domestic product (GDP) is an indicator that a country's economy is growing. Therefore, the economy is not declining or stagnant.

An increase in GDP refers to an increase in economic output. This means that the country is producing more goods and services compared to the previous year. A country that experiences a consistent increase in its GDP over a period of time is said to have an expanding economy.

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The equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method is equal to 144000 (conversion) & 128000 direct material.

DESCRIPTION                                    DIRECT MATERIAL     CONVERSION

Transfered out unit (100% complete)      120000                      120000

ENDING INVENTORY

 Material = 40000 * 20%                              8000                     24000

concersion - 40000 * 60%

EQUIVALENT UNITS                                    128000                   144000

Conversion percentage is the method of the percentage into whole number i.e conversion cost.

Average method referred to as the weighted average fee technique, the common-cost approach is an accounting formula used whilst calculating inventory price. This figure is reached by way of dividing the entire fee of products by means of the total variety of products over a particular accounting cycle.

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By making and solving the equations, we know that Mrs. Stune purchased 7.2 pounds of peaches.

Algebraically speaking, an equation is a statement that shows the equality of two mathematical expressions.

For instance, the two equations 3x + 5 and 14, which are separated by the 'equal' sign, make up the equation 3x + 5 = 14.

So, for a fruit salad, Mrs. Aiken purchased some peaches at $1.49 per pound and some blueberries at $1.99 per pound.

1.49p + 1.99b = 20.38

12 pounds in a total of the two fruit varieties:

p + b = 12

Now, solve the equation as follows:

1.49p + 1.99b = 20.38

p + b = 12

p = 12 - b

Replace p with the value in equation 1:

1.49(12 - b) + 1.99 = 20.38

17.98 - 1.49b + 1.99b = 20.38

0.5b = 20.38 - 17.98

0.5b = 2.4

b = 2.4/0.5

b = 4.8

See equation 2 for the value of b:

p + b = 12

p = 12 - b

p = 12 - 4.8

p = 7.2

Therefore, by making and solving the equations, we know that Mrs. Stune purchased 7.2 pounds of peaches.

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When reimbursing the petty cash fund appropriate expense accounts are debited.

Petty cash is any small amount of cash used for expenses where payment by check is impractical due to the hassle and cost of writing, signing, and cashing checks.

Petty cash is a small amount of cash held on company premises to meet small cash needs. Examples of these payments are office supplies, cards, flowers, etc. Postage is kept in a small cash drawer or box near where you need it most.

Every business needs petty cash to make small transactions on a daily or weekly basis. Instead of having to use a check all the time, think of it as a small amount of cash to keep on hand for "small" expenses.

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A bond has a face value of $1,000. It can be redeemed early at the issuer's discretion for $1,015, plus any accrued interest. The additional $15 is called the Call premium.

The Call premium compensates the issuer for the cost of redeeming the bond early, such as lost interest income or the cost of reinvesting the proceeds from the redemption. It also compensates the issuer for the time value of money, since the issuer is giving up the right to receive payments over the remaining life of the bond.

The call premium is typically calculated as a percentage of the face value of the bond, and is often determined by the terms of the bond indenture. The call premium is usually higher for bonds with shorter maturities, as the issuer's lost interest income is greater with a shorter-term bond.

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Using the FIFO method, Dahlia's capital gain on the sale of 300 shares of Microsoft on Dec 20, 2021, is $8,170.

To determine Dahlia's capital gain or loss using the FIFO (first-in, first-out) method, we need to know the cost basis of the shares she sold. The FIFO method assumes that the first shares purchased are the first shares sold.

Assuming Dahlia purchased shares of Microsoft at different times and prices, we need to use the FIFO method to determine the cost basis of the shares she sold. Let's say she purchased shares on the following dates and prices:

- 300 shares on Jan 1, 2020, for $130 per share
- 200 shares on Mar 1, 2020, for $140 per share
- 250 shares on Jun 1, 2021, for $150 per share
- 140 shares on Sep 1, 2021, for $160 per share

Using the FIFO method, the first shares she purchased were 300 shares on Jan 1, 2020. The cost basis for those shares is $130 per share, so the total cost basis for those shares is 300 x $130 = $39,000.

Next, she sold 300 shares on Dec 20, 2021. The sale price was $47,170, so her proceeds were $47,170.
To calculate her capital gain or loss, we need to subtract the cost basis from the proceeds:
Proceeds = $47,170
Cost basis = $39,000
Capital gain = Proceeds - Cost basis = $47,170 - $39,000 = $8,170

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An employer prevent their employees from being exposed to hazardous substances using control equipment and controlling procedures.

Workers should have access to eating and break areas that are apart from their work locations in order to reduce the danger of ingesting hazards and to foster a more pleasurable working environment. Work with the union and the firm to ensure that the presence of hazardous chemicals is consistently monitored at the workplace. Each business that handles hazardous materials is distinctive. Their use of chemicals, the reasons behind it, the number of people who handle it, and the resources available to them to reduce the hazards associated with chemical usage are all different.

utilizes or dons the tools, safety gear, or uniforms that the employer of the worker requires. works in accordance with the Act's and any requirements under it that relate to their company's protective equipment, methods, and processes.

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Answer:

53636363633636336366363

Option A - Failure to adjust prepaid insurance to its proper balance at year-end - is an example of an accrual error.

What is an accrual error?

Accrual error refers to any errors that arise because of the failure to use accrual accounting principles. Accrual accounting refers to a method of accounting that recognizes revenues and expenses when they are incurred or earned, not when cash is received or paid. An accrual error refers to a mistake in which the timing of a transaction is incorrectly recorded or accounted for. This type of error can lead to an overstatement or understatement of financial statements.

The option that is an example of an accrual error is:

Option A - Failure to adjust prepaid insurance to its proper balance at year-end.

What is prepaid insurance?

Prepaid insurance refers to the amount of money that a company has paid for insurance but has not yet used or consumed. This is an asset account on the balance sheet. The amount paid is generally for specified period, such as a year. Therefore, prepaid insurance must be adjusted to its proper balance at year-end. If it is not adjusted, it can lead to an overstatement or understatement of expenses or assets.

Therefore, failure to adjust prepaid insurance to its proper balance at year-end is an example of an accrual error.

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The statement on the biggest disadvantage to third-party lists is False.

The principal hindrance associated with third-party lists is not the amount of time required for it to expand sufficiently in order to generate profitable outcomes.

Rather, the main defect lies on the possibility that such list may not conform to the specific needs and interests of a business venture, thus resulting in unproductively low response rates and marketing efforts. Furthermore, other methods of advertising could be less costly than outsourced lists; there also exists concerns among data privacy and security with respect to using them.

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Answer: No, because the prohibited non-audit services were performed during the period covered by the financial statements.

Explanation:

The aim of the Securities and Exchange Commission is to protect the investors and also maintain a fair, and an efficient market.

We should note that Under SEC and PCAOB rules, RPB cannot engage O&A to be their auditors now that it is a public company because the prohibited non-audit services were performed during the period covered by the financial statements.

False. Under absolute purchasing power parity (PPP), the relationship between currencies is based on the relative price levels of goods and services in different countries.

It suggests that exchange rates should adjust in such a way that the same basket of goods has the same price when expressed in different currencies. In other words, the exchange rate reflects the relative purchasing power of different currencies.

Monetary policy choices, on the other hand, refer to the decisions made by central banks regarding interest rates, money supply, and other monetary tools to influence the domestic economy. While monetary policy can have an impact on exchange rates in the short term, it is not the sole determinant of currency relationships under absolute PPP. Other factors such as inflation rates and market forces also play a significant role.

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The video asset for the new app campaign will be effective in communicating the app's unique value proposition and benefits, engaging the end-user, and encouraging them to take action.

To follow video asset best practices, the video for the new app campaign should focus on the following key elements:

The Unique Value Proposition (UVP): The video should clearly and concisely communicate the app's unique selling point and why it's different from other similar apps in the market.

Benefits for the End-user: The video should highlight the key benefits of using the app and how it can improve the end-user's life or solve a problem they are facing.

User Experience: The video should showcase the app's user interface and key features, demonstrating how the app is easy and intuitive to use.

Emotional Appeal: The video should create an emotional connection with the end-user by highlighting the benefits the app provides and how it can help them achieve their goals or aspirations.

Storytelling: The video should tell a story that connects with the end-user and highlights the app's unique selling points and benefits.

Call to Action (CTA): The video should include a clear and concise call to action, such as downloading the app or signing up for more information.

Branding: The video should include clear branding elements, such as the app's logo, to build brand awareness and recognition.

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Answer:

The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.

Explanation:

It is just plain facts!!!

Answer:

the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

The Federal Open Market Committee (FOMC) is comprised of the seven (7) members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a one-year term rotating basis. The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.

Answer:

B. Rent a car or A car rental

Explanation:

Got the quiz question correct!

The communicators between employees and managers is the supervisors as they work to for both side. The Option A is correct.

Mainly, business communication is communication that is intended to help a company achieve a fundamental goal by sharing information among employees and people outside the company.

An effective communicator in business seeks to unite the audience by using ideas and language that are appropriate for all readers or listeners of the message. Emotions and logic both influence people. The ethical communicator will be enthusiastic and passionate without being disrespectful.

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Answer:

E

Explanation:

The sale of a security to investors should fall under a higher level of scrutiny than dividing up the common stock among three friends/co-owners because the sale of securities involves the public offering of investment opportunities.

Investors are not privy to the company's inner workings and rely solely on the information provided in the prospectus. Therefore, it is the responsibility of the issuer to provide complete and accurate information, and failure to do so can result in legal repercussions.

Dividing up common stock among co-owners, on the other hand, does not involve public offering or solicitation. Co-owners are aware of the company's operations and are privy to its financials. As such, the level of scrutiny is relatively lower as the parties involved have a vested interest in the company's success.

Overall, the level of scrutiny should be commensurate with the level of disclosure required for a particular transaction, and the potential risks involved. The sale of securities to investors carries higher risks and, therefore, warrants higher scrutiny.

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Answer:25,000

Explanation: