The amount credited to account payable would be $25,280.
Albert oil corporation has been in operation for 10 years. Albert, the operator of lease A, purchased casing with a list of $60,000 for the joint-interest property in which it has a 40% WI. The casing is to be used in a workover. The vendor gives a discount of 10% off list price and also has credit terms of 2/10, n/30. Loading, hauling, and unloading costs amounted to $4000. Operator distributes costs as incurred and plans to pay within 10 days.Now,The amount of discount can be calculated as follows:The list price of casing = $60,000Discount on list price = 10% × $60,000 = $6,000Therefore, the net purchase price = $60,000 - $6,000 = $54,000
Now,The amount of credit can be calculated as follows:Full payment due within = 30 daysDiscount available if paid within = 10 daysDiscount rate = 2%Net amount due if paid within discount period = $54,000 × (1 - 2%) = $54,000 × 0.98 = $52,920Now,The total amount credited to account payable can be calculated as follows:Net purchase price of casing = $54,000Loading, hauling, and unloading costs = $4,000
Total cost = $54,000 + $4,000 = $58,000Albert’s WI share = 40%Albert’s WI share of total cost = 40% × $58,000 = $23,200Albert has to pay this amount within the discount period. If not, he will be liable to pay the full amount of $23,920. Hence, the amount credited to the account payable would be $25,280 ($23,200 + 2,080).
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it is argued that a policy of tax simplificationtax simplification will result in:
A policy of tax simplification is argued to result in several potential benefits:
Increased compliance: Simplifying tax laws and regulations can make it easier for individuals and businesses to understand and comply with tax requirements. Clear and straightforward tax rules reduce confusion and the likelihood of unintentional non-compliance.Cost savings: Tax simplification can lead to cost savings for both taxpayers and tax authorities. Simplified tax systems reduce the complexity and administrative burden associated with tax compliance. This can result in lower compliance costs for individuals and businesses and reduced administrative costs for tax authorities.Enhanced efficiency:
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• the importance of
the facility manager in the areas of hospitality and
hostmanship
• service design
thinking principles and the five steps involved
• types of
customers/guests and how their ex
Facility managers are responsible for ensuring a positive and memorable experience for guests. They oversee the maintenance and operation of the facility, ensuring it meets the highest standards of cleanliness, safety, and functionality.
How to explain the informationBy creating a pleasant environment, facility managers contribute to guest satisfaction and loyalty.
Service design thinking principles involve a customer-centric approach to designing and improving services. This step focuses on understanding the needs, expectations, and behaviors of the customers. Through research methods like interviews, surveys, and observations, service designers gather insights into the customers' experiences and pain points.
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Fill The Blank ?world foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with______
Fill The Blank ? World foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with Foreign Direct Investment.
Foreign Direct Investment (FDI) is an investment made by a company or entity in one country into business interests located in another country. It occurs when a company invests directly in facilities such as factories, real estate, or equipment in another country.
FDI is a major driver of economic growth and development, providing companies with access to new markets, and allowing them to benefit from lower production costs and increased efficiency.
Over the past three decades, FDI flows have increased dramatically, with global FDI flows increasing by 600 percent between 1990 and 2017. FDI can also bring with it new technologies and management practices, which can help to boost productivity and competitiveness.
FDI can also create jobs and spur economic growth in the host country, as companies establish new operations and hire local workers. Additionally, FDI can help to increase exports, as countries can benefit from new markets, access to resources, and improved access to capital.
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What is a major function of both retail and business banks?
A. reducing the overall money supply
B. regulating payday and title pawn lenders
C. providing checking and savings accounts
D. offering financial services without making profit
Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.
E-pay or a major debit or credit card can be used to pay the required FUTA deposits during the year. trueor false
True, both e-pay and major debit or credit cards can be used to pay the required FUTA deposits during the year. The Federal Unemployment Tax Act (FUTA) requires employers to pay a certain percentage of their employees' wages as unemployment tax to the federal government.
This tax is deposited quarterly using Form 941, Employer's Quarterly Federal Tax Return. Employers can make these deposits electronically using the Electronic Federal Tax Payment System (EFTPS), which accepts both e-pay and major debit or credit cards.
However, it is important to note that there may be additional fees associated with using debit or credit cards, so it is recommended that employers weigh the benefits and costs of each payment method before choosing to use e-pay or cards.
Ultimately, both payment methods offer a convenient and efficient way for employers to meet their FUTA deposit requirements throughout the year.
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Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?
HELP PLEASE
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
training meetings can be used to accomplish personal, professional, and organizational goals. which best describes an example of a training meeting that will meet a personal goal?
A doctor attends a meeting to exchange information on new medical procedures.
What is training meeting?When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage.
A training session is a period of instruction, education, or professional growth.
When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage. Depending on who needs training, training sessions may be held for clients or customers as well as staff.
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Consider an investment that costs $100,000 and has a cash inflow of $25,000 every year for 5 years. The required return is 9% and required payback is 4 years. What is the payback period
The payback period for the investment is 4 years.
What is the payback period?
The payback period is a capital budgeting method used to determine the profitability of an investment. It determines the number of years it would take to recover the amount invested in a project from its cumulative cash flows.
payback period = amount invested / cash inflow
$100,000 / $25,000 = 4 years
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what is priority mail
Answer:
Priority Mail® is our bestselling mail service. Domestic deliveries arrive in 1-3 business days3 depending on where your package starts and where it's going. Tracking and insurance are included, shipping boxes and envelopes are free, and with Priority Mail Flat Rate®, you don't need to weigh shipments 70 lbs and under.
Your job is to cold call people and sell
them life insurance. You do some
research and find out that the life
insurance policy could be purchased
cheaper online. Your boss forbids you
to tell the customer this and expects
you to sign up at least 5 new
customers per day.
What will you do?
I believe I would be cheating customers if I don't do right by them. I would prefer to look for a new job than do something that is ethically wrong and against my morals.
As an employee, I would first try to figure out a way to do right by the customers and reduce the insurance fee. I would try to explain to my boss how we could benefit and increase our customer base if we reduce the fees.
If I fail at getting the price change. I would try looking for a new job that fits well with my morals. Till the time I get a new job, I would try working the same job and explaining to the boss.
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Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, sound equipment, and video screens above the stage. After the concerts, she takes down the equipment Her job is best described as Sylvia sets up, runs, and maintains the equipment for a radio station. Her job is best described as Kenneth works in a small studio using technical equipment and computers. He edits television commercials. His job is best described as Jose works in a music studio operating the equipment for musicians to record their music before selling it to the public. He adjusts the equipment so the recordings have good, clear sound. His job is best described as
Answer:
B,C,C,A
Explanation:i did it on edge 2021
His job is best described as an Audio and video equipment technician. They manage the electrical machinery used to produce radio and television shows, concerts, sound recordings, and movies.
What does an audio technician do?Audio technicians sometimes referred to as sound technicians, set up sound and recording equipment, test it out, and make modifications to help with recordings and sound production. They typically work in radio, television, film, concert halls, and recording studios.
Technicians that work with audio and video equipment operate devices including mixing boards, microphones, and video screens. They capture conferences, sporting events, concerts, and meetings.
Establish, run, and maintain the electronic machinery required to collect, edit, and broadcast audio and video for radio or television programs. To control sound volume, signal strength, and signal clarity in incoming and outgoing broadcast signals, make appropriate adjustments.
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Which of the following statements regarding audit evidence would be the least appropriate for an internal auditor to make?a. "I consider the level of risk involved when deciding the kind of evidence I will gather."b. "I do not perform procedures that provide persuasive evidence because I must obtain convincing evidence."c. "I evaluate both the usefulness of the evidence I can obtain and the cost to obtain it."d. "I am seldom absolutely certain about the conclusions I reach based on the evidence I examine."
Information gathered for a company's financial transactions, internal control procedures, and other matters required for the certification of financial statements by an auditor or certified public accountant is known as auditing evidence (CPA). Depending on the type of company being audited and the necessary audit scope, different amounts and types of auditing evidence are taken into account.
"Auditing evidence" is defined as a concept that promotes impartial, accurate, and transparent audit reports in order to protect investors. I do not perform methods that provide persuasive evidence because I must gather convincing evidence. These are the statements about audit evidence that an internal auditor should avoid making.
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How is net pay different from gross pay? Someone please answer in at least 4 sentences explaining! Will be marking brainiest.
Employee's gross pay is their compensation before taxes, benefits, and other payroll deductions are subtracted. After all, withholdings are removed, net pay, also known as take-home pay, is the amount left over.
What are Gross pay and Net pay?The gross pay of an employee is the amount earned before taxes, benefits, and other payroll deductions are removed from their compensation. Net pay is the amount left over after all withholdings are removed.
Your net salary, often known as your take-home pay, is the amount of money you get after all deductions. The CTC is reduced by income tax, professional tax, Public Provident Fund (PPF), and other deductions. The net wage is frequently lower than the gross wage.
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What is the probability that more than 50 customers make a
purchase in a random sample of 100 customers?
a. 0.0207 b. 0.9793 c. 0.1225 d. 0,4051 e. 0.5952
The probability that more than 50 customers make a purchase in a random sample of 100 customers is 0.4048 (option d).
To determine the probability that more than 50 customers make a purchase in a random sample of 100 customers, we can use the binomial probability formula.
The binomial probability formula is given by:
P(X > k) = 1 - P(X ≤ k)
Where:
P(X > k) is the probability that the number of successes (customers making a purchase) is greater than k.
P(X ≤ k) is the cumulative probability that the number of successes is less than or equal to k.
In this case, we want to find the probability that more than 50 customers make a purchase, which means we are looking for P(X > 50). We can calculate this by subtracting the cumulative probability of 50 or fewer customers making a purchase from 1.
Using a binomial probability calculator or a statistical software, we find that P(X ≤ 50) is approximately 0.5952.
Therefore, the probability that more than 50 customers make a purchase in a random sample of 100 customers is:
P(X > 50) = 1 - P(X ≤ 50)
= 1 - 0.5952
≈ 0.4048
Among the given answer choices, the closest option is:
d) 0.4051
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which of the following statements regarding media ownership today is true?
a. Fewer than ten corporations own most of the national media outlets
b. The majority of media outlets are owned by private individuals
c. The government owns most national media outlets
d. Foreign companies own more than half of the media outlets in the United States
Fewer than ten corporations own most of the national media outlets.
A corporation is an organization typically a collection of individuals or a business that has been granted by the state the right to function as a single unit (a legal person in a legal context; business a legal person recognized under private and public law) and is recognized as such in law for certain purposes.
Early corporations were created with a charter (i.e, by an ad hoc act granted by a monarch or passed by a parliament or legislature). The majority of governments currently permit the registration of new business.
Although there are many distinct sorts of corporations, they are often categorized by the legislation of the country in which they were established based on either the ability to issue stock or the purpose for which they were established business.
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A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000. What are the costs as a percentage of sponsorship revenue?
Based on the calculation below, costs as a percentage of sponsorship revenue is 10.47%.
How to calculate costs as a percentage of revenue?The costs as a percentage of sponsorship revenue can be calculated using the following formula:
Costs as a percentage of sponsorship revenue = (Expected administrative costs / Sponsorship revenue) * 100 …………………………….. (1)
Substitute the relevant values into equation (1), we have:
Costs as a percentage of sponsorship revenue = ($27,000 / $258,000) * 100
Costs as a percentage of sponsorship revenue = 0.104651162790698 * 100
Costs as a percentage of sponsorship revenue = 10.47%
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
What are the seven steps in the offering development process?What are the key activities in each step?
When an employee is terminated, IS administrators should receive advance notice so that they can ________.
When the employee is terminated the IS administrators should receive advance notice so that they can remove the user account and password.
By terminated, this means that this employee has ceased to be a worker of the organization. As a person that no longer works there, it would be of no use for them to still have access to company facility.
If the user account and the password is not removed, this employee would be able to find his way into the database of the company. He would still have a hold on confidential information.
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A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Can you really answer the question of whether an opportunity is real before developing a product concept?
Answer:
Yes
Explanation:
For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.
In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.
wich situation would cause the price of a product to fall the most
a 6-month put option on makler corp.'s stock has a strike price of $57.25 and sells in the market for $8.00. makler's current stock price is $44.50. what is the exercise value of the option? do not round your intermediate calculations. a. $10.38 b. $6.38 c. $12.75 d. $20.75
The exercise value of the put option is $12.75.
The exercise value of an option refers to the amount of money that the option holder can receive by exercising the option contract. In the case of a put option, the exercise value is equal to the strike price minus the current stock price, but only if this difference is positive. Otherwise, the exercise value is zero.
In this case, the strike price of the put option is $57.25, and the current stock price of Makler Corp. is $44.50. Therefore, the difference between these two prices is ($57.25 - $44.50) = $12.75. Since this difference is positive, the exercise value of the put option is $12.75. However, the question asks for the exercise value of the option, not the total cost of the option.
The total cost of the put option is the sum of its exercise value and its market price. In this case, the market price of the put option is given as $8.00. Therefore, the total cost of the put option is ($8.00 + $12.75) = $20.75. Therefore, the correct answer to the question is (d) $20.75.
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List one type of appropriate workplace verbal communication
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
how to figure out if a comapny is a monopoly an oligopoly monopolistically competitve or perfectly competitive
In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.
Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.
Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.
The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.
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determining sales goals is part of effective sales management. a statement of a salesperson’s sales goals, usually based on sales volume, is called a(n) _________.
Determining sales goals is a crucial part of effective sales management. It helps the sales team stay motivated and provides a clear direction towards achieving sales targets.
A statement of a salesperson’s sales goals, usually based on sales volume, is called a sales quota.A sales quota is a numerical goal or target that the sales team must achieve in a given time frame, usually a month or a quarter.
It is set by the sales manager in consultation with other relevant stakeholders, such as the marketing team and top management. Sales quotas are usually based on sales volume, which is the total amount of sales generated by a salesperson or team.
Sales quotas have several benefits for sales teams and organizations. Firstly, they provide a clear direction towards achieving sales targets. Sales quotas help salespeople to focus on the most important products or services and prioritize their sales efforts accordingly.
Secondly, they help sales managers monitor the performance of the sales team. By comparing actual sales against sales quotas, sales managers can identify areas where salespeople need improvement and provide appropriate training and support. Finally, sales quotas help organizations to forecast sales revenue and allocate resources more effectively.In conclusion, sales quotas are an essential part of effective sales management.
They provide a clear direction towards achieving sales targets, help sales managers monitor performance, and enable organizations to forecast sales revenue more accurately. Sales quotas are usually based on sales volume and are set in consultation with other relevant stakeholders.
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Cranial Inc.has newly set up a website where customers can obtain information as well as buy its products.It notices that people who visit its website are instantly interested in the products,and 85% of the visitors end up making purchases.However,it also notices that the number of visitors are very low as they don't find it on their searches very often.Which of the following should Crayola include in its IBP campaign to increase its website's visibility and traffic?
A) Pop-under ads
B) Interstitial ads
C) Buzz marketing
D) Search engine optimization
Answer: D) Search engine optimization
Explanation:
When you search for a query and various websites pop up, the websites that you would most likely pick are the very first ones that you see and these websites are so high up because they have very good search engine optimization.
Search engine optimization increases the visibility of a website so that people can be able to find the website better. The major way it does this is by using keywords that people search. Cranial Inc. needs to work on its Search engine optimization so as to increase traffic to their website.
Answer:
D) Search engine optimization
Explanation:
Search engine optimization (SEO) can be defined as a strategic process which typically involves improving and maximizing the quantity and quality of the number of visitors (website traffics) to a particular website by making it appear topmost among the list of results from a search engine such as Goo-gle, Bing, Yah-oo etc.
This ultimately implies that, search engine optimization (SEO) helps individuals and business firms to maximize the amount of traffic generated by their website i.e strategically placing their website at the top of the results returned by a search engine through the use of algorithms, keywords and phrases, hierarchy, website updates etc.
Hence, search engine optimization (SEO) focuses on improving the ranking in user searches of a particular website by simply increasing the probability (chances) of the website emerging at the top of a web search.
In conclusion, Crayola should include search engine optimization (SEO) in its IBP campaign in order to increase its website's visibility and traffic.
The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you for advice. Provide the best answer to his question. "A new team we just formed to explore expanding into the Mediterranean and Middle East seems to have split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful. How can the manager help the team move beyond this?" The manager should encourage team members to share personal information and get to know one another better. The manager should make sure that both the task specialist and socioemotional roles are being performed on the team. The manager should encourage everyone to participate in discussions by stating their underlying interests rather than demands for specific outcomes. The manager should encourage a high level of task conflict and relationship conflict so team members can work out all their differences.
Answer:
The manager should make sure that both the task specialist and socioemotional roles are being performed on the team.
Explanation:
In the given scenario the team is split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful.
There is need to resolve both the social problem of disrespect and the specialist problem of having different opinions about types of events and customers to target.
As a manger it is important that socioemotional roles are performed in the group to make the factions respect themselves.
This will easily promote communication and help resolve the specialist differences the factions are having