The original selling price of the inventory to sam company would be $150,000 ($100,000 cost + $50,000 gross profit).
Required A:
1. Inventory Overstatement on Sam Company's Books:
The inventory was originally sold by Kasziba to Sam Company at a marked-up price to achieve 50% gross profits on sales. Therefore, the original selling price of the inventory to Sam Company would be $150,000 ($100,000 cost + $50,000 gross profit). However, Sam Company sold 80% of the inventory to an outside company for $230,000. Therefore, the inventory on Sam Company's books is overstated by $80,000 ($230,000 - $150,000).
Required B:
1. Elimination Entry on December 31, 2023:
In the next year, 2023, Sam Company sells the remaining inventory to outsiders for $70,000. Since this sale is to external parties, no elimination entry is required. The transaction can be recorded directly in Sam Company's books as follows:
Debit: Cash or Accounts Receivable - $70,000
Credit: Sales revenue - $70,000
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What are human rights
What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?
The main concerns of the sports coupe is that
They did not carry out good research of the marketThey also did not research the people that would buy the product.There is no market for the two seat car given that it would be better if it was a market that people knew with a cheaper price.
2. What is the role of the marketing mix?The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.
3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.
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What does it mean tamper proof?
Tamper proof means made so that you are able to see if anything has been changed, opened, removed or damaged.
Tamper-proof containers/locks/packaging product makers are encouraged to use tamper-proof packaging for their products.
Tamper evident packaging is packaging that alerts the consumer to foul play or damage to the product.
When tamper evident packaging is triggered by attempted removal or manipulation, it leaves evidence of these actions behind.
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Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?
Explanation:
It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.
Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.
If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.
What is the role of interest groups, according to pluralist theories of modern democracy?.
The role of interest groups according to pluralist theories of modern democracy is they limit the centralization of power.
What is centralization?Centralization refers to that type of government in which power is concentrated in a single authority. In such a system, only one authority is recognized in the whole country.
Power is usually vested with the central authority. The degree of centralization is highest in a unitary state. Examples of unitary states are Britain, France, Ghana, etc.
The merits of centralization of power are reduced cost of operation, reduced conflict etc.
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The SA Reserve Bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%. This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank's governor Lesetja Kganyago made the announcement at a media briefing in Pretoria on Thursday afternoon. The cut will come into effect on July 19. The decision was unanimous. 31page The repo rate is the benchmark interest rate at which the Reserve Bank lends money to other banks. Changes in the repo rate affect the prime lending rate, which is the lowest rate at which banks start lending to clients. With the repo rate down, the prime lending rate will decline to 10% from 10.25%. Questions 120/ a. When last was the repo rate reduced? [1] b. What is the present mission of the SARB? [2] c. Mention any three concepts that are used interchangeably with" repo rate. [3] d. By cutting the repo rate, which monetary policy stance has the SARB adopted? [2] e. The reasons cited for cutting the repo rate were amongst others, inflation that remained between the target ranges, a stronger rand and a dovish global monetary policy. Briefly explain what each reason implies. f. Differentiate headline inflation from core inflation. g. The decision to cut the repo rate was unanimous. What does this mean? [4] [2] h. What is the difference between the repo rate and prime lending rate?
The repo rate is the interest rate at which the Reserve Bank lends money to other banks. Therefore, the prime lending rate is typically 3.5% higher than the repo rate.
a. The repo rate was last reduced in March 2018.
b. The primary mandate of the South African Reserve Bank (SARB) is to protect the value of the currency in the interests of balanced and sustainable economic growth in the country. In addition, the bank has a responsibility to ensure that inflation is kept within the target range.
c. The repo rate is also referred to as the repurchase rate, or the official rate.
d. The SARB has adopted an accommodative monetary policy stance by cutting the repo rate.
e. Inflation within the target ranges: Refers to the Reserve Bank's primary mandate, which is to protect the value of the currency. A stronger rand: This implies that imported goods will be cheaper, which will put pressure on local producers to reduce their prices. Dovish global monetary policy: This refers to the current trend of central banks globally to reduce interest rates in order to stimulate growth.
f. Headline inflation is the change in the average price level of goods and services that consumers purchase, including food, fuel, and other energy products. Core inflation excludes food and energy prices from the basket of goods and services, as they are more volatile and can have temporary impacts on inflation.
g. The unanimous decision to cut the repo rate means that all members of the monetary policy committee agreed to the decision.
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in an effort to use operant conditioning to reduce on-the-job accidents, the 1-2-3 company decided to pay a bonus to all employees in a department that went 90 days without an on-the-job accident being reported. this program is likely to cause:
The program is likely to cause a reduction in on-the-job accidents in the department, as employees are incentivized to be more careful when performing their duties in order to receive the bonus.
This form of operant conditioning is based on the idea of positive reinforcement, where desirable behaviors are rewarded in order to increase their frequency. Positive reinforcement is more likely to result from this program, which is a type of operant conditioning.
By offering a bonus to employees in a department that goes 90 days without an on-the-job accident being reported, the company is providing a consequence that will increase the likelihood of the behavior (i.e., safe working practices) being repeated in the future.
The bonus serves as a reward for the employees' safe behavior, and this reinforcement may increase the likelihood of continued safe behavior.
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A _____ inventory system recognizes cost of goods sold each time a sale occurs; a _____ inventory system decreases inventory each time a sale occurs. Multiple choice question. perpetual; perpetual periodic; periodic perpetual; periodic periodic; perpetual
A perpetual inventory system recognizes cost of goods sold each time a sale occurs; a perpetual inventory system decreases inventory each time a sale occurs.
Perpetual inventory is an accounting technique that eliminates the need for physical inventory inspections by continually recording inventory changes in real time with computerized point-of-sale systems. It properly reflects the quantity of items on hand and offers a very comprehensive picture of changes in inventory along with rapid reporting of the amount of inventory in stock.
With the use of computerized point-of-sale technology, perpetual inventory systems continuously and instantly track sales. A perpetual system works effectively for big corporations or businesses with complicated inventory. Once established, a perpetual inventory system requires less work than a physical system. A perpetual inventory system does have higher beginning costs, though.
Therefore, option A is the correct answer.
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Customer service levels can be improved by better:
A.
mission statements.
B.
control charting.
C.
short-term forecast accuracy.
D.
exponential smoothing.
E.
customer selection.
Customer service levels can be improved by better C) short-term forecast accuracy.
Short-term forecasting is the practise of making predictions about what will happen soon (we generally think of it as hour-by-hour) and then using that information to develop a strategy to fulfil those demands. Long-term projections are less reliable than short-term ones.
A longer forecasting horizon considerably raises the likelihood that future demand will be impacted by developments we are not now aware of. Any present or recent past conditions that serve as a foundation for or an improvement to the forecast may be included in the short term forecast. The level of detail in the short-term forecast will be determined by the availability of radar, satellite images, and other remote sensing tools.
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Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about
Answer:
wikis technological tool
Explanation:
As regards to the case above, the technology tool Cindy told Tom about is wikis technological tool . A wiki can be regarded as collaborative tool that provides students with enablement to make contribution and to perform modifications on one or more than one pages of course related materials. This tool is collaborative in nature, as a result of this, it facilitate community-building within a course. a wiki can be regarded as a web page and a collaborative software that has an open-editing system. It was set up to
the lexicon by Ward Cunningham who was a programmer
The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.
The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.
What is monetary policy?In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.
This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.
Therefore, Option C is correct.
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hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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job satisfaction in individuals with a good fit between themselves and their occupation tends to
Individuals with a good fit between themselves and their occupation tend to experience higher job satisfaction.
Job satisfaction refers to an individual's level of contentment and fulfillment in their work environment. When there is a good fit between an individual and their occupation, it generally leads to higher job satisfaction. A good fit can be defined as the alignment between an individual's skills, interests, values, and personality traits with the demands and characteristics of their job.
When individuals find themselves in a job that aligns with their skills and abilities, allows them to utilize their strengths, and aligns with their personal values and interests, they are more likely to experience a sense of fulfillment and satisfaction in their work. They are able to perform well, feel competent, and derive a sense of purpose and meaning from their job. Additionally, a good fit between an individual and their occupation often results in a positive work environment, supportive relationships with colleagues, and opportunities for growth and development, all of which contribute to increased job satisfaction. Conversely, when there is a mismatch between an individual and their occupation, it can lead to dissatisfaction, lack of motivation, and a desire to seek alternative career paths that are better suited to their abilities and preferences.
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The relation that the law of demand defines is-a. income and price of a commodityb. price and quantity of a commodityc. income and quantity demandedd. quantity demanded and quantity supplied
The relation that the law of demand defines is price and quantity of a commodity.
What is law of demand?The law of demand states that, all other factors being equal, the higher the price of a good, the less of it people would demand and vice versa. This law is based on the assumption that people will always opt for goods with the lowest price and greatest value. The law of demand is an important tool used by economists to understand the fluctuations in the demand for goods and services in an economy. It is a fundamental concept in economics that describes how people and businesses respond to changes in price. The law of demand works on the principle of substitution and states that, as prices increase, the demand for goods and services decreases and vice versa.
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FILL IN THE BLANK A correlation coefficient of _____ provides the greatest risk reduction.
A correlation coefficient of -1 provides the greatest risk reduction.
Correlation coefficients measure the strength and direction of a relationship between two variables. The coefficient can range from -1 to 1, with -1 indicating a perfect negative correlation, 1 indicating a perfect positive correlation, and 0 indicating no correlation. In the context of risk reduction, a correlation coefficient of -1 indicates that there is a perfect negative correlation between two variables. This means that as one variable increases, the other variable decreases.
For example, in the case of investment portfolios, if there is a perfect negative correlation between two stocks, when one stock decreases in value, the other stock will increase in value, effectively balancing out the portfolio's risk. Having a portfolio with a correlation coefficient of -1 can provide the greatest risk reduction because it means that the portfolio is diversified and balanced. It also means that the portfolio is not overly reliant on any one stock or asset class, which can help to mitigate potential losses during market downturns.
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What is one of the key goals of unions?
A: to encourage more workers to form unions
B: to ensure that employers heed environmental laws
C: to get wage increases for their members
D: to engage in featherbedding
Answer:
l think to encourage more workers to form unions
Explanation:
please follow me
Answer: C
Explanation:
Which is an example of an effective study skill?
Answer:
Teaching or asking a study partner the questions.
Explanation:
When you teach someone you take in the knowledge better and get to help someone else out.
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
suppose that glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percent, what will be glamour nails' wacc?
Glamour Nails' WACC is 6.92% when glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percentl.
To calculate the WACC (Weighted Average Cost of Capital) for Glamour Nails, we need to use the formula:
WACC = (E/V x Re) + (D/V x Rd x (1-Tc))
Where:
E/V = percentage of equity in the capital structure = 30%
Re = cost of equity = 10%
D/V = percentage of debt in the capital structure = 70%
Rd = after-tax cost of debt = 4%
Tc = weighted average tax rate = 21%
Now, let's plug in the values:
WACC = (0.3 x 0.1) + (0.7 x 0.04 x (1-0.21))
WACC = (0.03) + (0.0392)
WACC = 0.0692 or 6.92%
Therefore, Glamour Nails' WACC is 6.92%.
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What is economy? economic basics study question 2
The study that tells about the production, usage and distribution of goods and services among the people of the nation is called the economy.
What is production?
Production is the process of making finished goods by converting them from its raw materials.
Economy is referring to the study that describes the manufacturing, consumption and distribution of the goods and services among the citizens of the country. The field which studied about economy is called Economics. It could be inclusive of customers, business firms and the government. The customers are the ones who acquire the goods for satisfying his/her wants. The business houses are the entities that made the goods and then make it available in the market for sale to the customers. The government is the authority who regulate the equal distribution of goods to each and every people of the country.Therefore, the economy is briefly explained above.
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What is the difference between having a co-signer and becoming an authorized user?.
A co-signer cannot make purchases, although an authorized user can. If the principal cardholder doesn't pay off the balance or debt, the co-signer does.
What is co-signer ?When a borrower does not repay a loan as agreed, a co-signer agrees to be held accountable for the debt. If you want to buy a big item, like a car, but you can't get a loan on your own, you might consider getting a co-signer. Along with the primary borrower, a co-signer is fully responsible for debt payments. A family member will frequently co-sign a loan.
What are the benefits of a co-signer and how does co-singer works ?Obtain a lowered security deposit while leasing an apartment, Get a car loan with a lower rate of interest and monthly cost, reduce the interest rate on your mortgage, Obtain a student loan from a private lender with a reduced interest rate. Together with the principal borrower, the co-singer works through and assumes full responsibility for loan repayment. A family member will frequently co-sign a loan. If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance.
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What is the craziest thing you've ever done, and would you do it again?
If you could do anything knowing you would not fail, what would you do?
If a genie granted you three wishes right now, what would you wish for?
What's your biggest regret in life?
What do you think about when you're by yourself?
Answer:
01) yh for sure I'll do it again... I always doing it like staring to stranger eyes till they getting shy
02)my exams gosh
03)having my bff again.
being a good girl
nvm nothing else
04) having a stu.pid relationship with a boy nvm
05)sensitive
It is a beautiful afternoon, and you are considering taking a leisurely stroll through the park. Your alternatives to walking are streaming a movie that you value at $5, taking a nap that you value at $7, or reading a new book that you value at $12. What is the opportunity cost to you of taking the stroll through the park?
$0
$7
$5
$12
Answer:
$12
Explanation:
The next best alternative is reading a new book at $12; therefore, the opportunity cost of taking the stroll through the park is $12.
In this case, steaming the movie is $5 and taking a nap is $7 which are lower than $12 which means these two values are not included in the final opportunity cost.
If the question asked what is the opportunity cost of reading a new book (and taking a walk in the park isn't an option) then the $7 value of taking a nap would be the opportunity as it will be the next best thing from reading a new book.
The opportunity cost to you of taking the stroll through the park is $12 Option(d) is correct.
What is the Opportunity cost in the question?The following best option is perusing another book at $12; in this manner, the opportunity cost of going for the walk through the park is $12.
For this situation, steaming the film is $5 and sleeping is $7 which are lower than $12 which implies these two qualities are excluded from the last opportunity cost.
On the off chance that the inquiry posed to what is the opportunity cost of perusing another book (and going for a stroll in the park isn't a choice) then the $7 benefit of sleeping would be the opportunity as it will be the following best thing from perusing another book.
Penance is a given estimation in opportunity cost of which the chief does without the opportunity of the following best other option. All in all, to dismiss the same utility of the best elective decision to acquire the utility of the best seen choice. On the off chance that there are choices to be made that require no penance, these are cost free choices with zero opportunity cost.
Therefore Option(d) is correct.
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You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the ______ _______ feature of the sales report dashboard.
You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the drilldown feature of the sales report dashboard.
Describe drilldown?Users can quickly go from an overview of data to a more detailed and granular view inside the same dataset they are examining by clicking on a measure in a dashboard or report, owing to the analytics function known as drill down. Users can analyze a specific piece of information in a report from a variety of angles by descending from one level of a defined data hierarchy to the next.
Using a tabular report on sales performance information by region, a user may be better able to comprehend why one region outperformed another by concentrating on that specific area.
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Being able to get additional information on the underlying details of a value is an example of using the drilldown feature of the sales report dashboard.
What is drilldown?Users can quickly go from an overview of data to a more detailed and granular view inside the same dataset they are examining by clicking on a measure in a dashboard or report, owing to the analytics function known as drill down. Users can analyze a specific piece of information in a report from a variety of angles by descending from one level of a defined data hierarchy to the next.
Using a tabular report on sales performance information by region, a user may be better able to comprehend why one region outperformed another by concentrating on that specific area.
Any of the numerous processes and transformations performed on tabular, relational, and multidimensional data are referred to as data drilling. The phrase is frequently used in a variety of contexts, although it is most frequently connected to specialized software made for data analysis.
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Which of the following is LEAST important in becoming an employer-of-choice?
The employer offers the highest pay in the industry.
The employer provides opportunities for training and personal development.
The employer provides competitive compensation and strong benefits.
The employer values the human component of business
The employer maintains a proper balance between work and personal life.
The employer offering the highest pay in the industry is the least important factor in becoming an employer-of-choice.
While competitive compensation is important, it is not the only factor that attracts and retains top talent. Employees also seek opportunities for personal and professional growth, work-life balance, a supportive and positive workplace culture, and recognition and appreciation for their contributions. While pay is certainly a consideration, it is not the only or even the most important factor in creating a strong employer brand and attracting top talent.
In today's job market, there are many factors that contribute to becoming an employer-of-choice. While offering competitive compensation and strong benefits is certainly important, it is not the only factor that employees consider when evaluating potential employers. In fact, many studies have shown that employees place a high value on opportunities for personal and professional growth, a positive and supportive workplace culture, and recognition and appreciation for their contributions. Of course, pay is certainly a consideration for many employees, but it is not the only or even the most important factor in attracting and retaining top talent. Employers who focus solely on offering the highest pay in the industry may find that they are unable to compete with other employers who offer a more holistic package of benefits, including opportunities for training and development, a positive and supportive workplace culture, and a proper work-life balance. Ultimately, becoming an employer-of-choice requires a comprehensive approach that takes into account all of the factors that contribute to employee satisfaction and engagement. While competitive compensation is important, it is not the only or even the most important factor in creating a strong employer brand and attracting and retaining top talent. Employers who focus on building a supportive and positive workplace culture, offering opportunities for personal and professional growth, and recognizing and appreciating their employees are much more likely to become employers-of-choice in today's competitive job market.
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the ucc says that where an offer is unclear about the form of acceptance it requires, the offer may be accepted in any manner that is reasonable under the circumstances.
The UCC says that where an offer is unclear about the form of acceptance it requires, the offer may be accepted in any manner that is reasonable under the circumstances. The statement given is generally accurate.
The Uniform Commercial Code (UCC) is a set of laws that govern commercial transactions, including the sale of goods. Under the UCC, an offer is considered to be a proposal to enter into a contract, and the acceptance of the offer is what creates the contract.
Section 2-206 of the UCC addresses the manner and timing of acceptance. It states that unless otherwise specified by the offer, an acceptance may be made in any reasonable manner and by any medium reasonable in the circumstances. This means that if the offer does not specify how the acceptance should be made, the offeree (the party receiving the offer) can accept the offer in any manner that is reasonable under the circumstances.
For example, if the offer is made by email, it may be reasonable for the offeree to accept the offer by replying to the email. If the offer is made over the phone, it may be reasonable for the offeree to accept the offer by verbally agreeing to the terms.
However, if the offer specifies how the acceptance should be made, the offeree must follow those instructions in order for the acceptance to be valid. If the offeree tries to accept the offer in a manner that is not specified by the offer, the acceptance may not be valid, and the contract may not be formed.
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During a recent review, ABC Corporation discovered that it has a serious internal control problem. It is estimated that the impact associated with this problem is $1 million and that the likelihood is currently 5%. Two internal control procedures have been proposed to deal with this problem. Procedure A would cost $25,000 and reduce likelihood to 2%; procedure B would cost $30,000 and reduce likelihood to 1%. If both procedures were implemented, likelihood would be reduced to 0. 1%.
Required:
a. What is the estimated expected loss associated with ABC Corporation's internal control problem before any new internal control procedures are implemented?
b. Compute the revised estimate of expected loss if procedure A were implemented if procedure B were implemented and if both procedures were implemented.
c. Compare the estimated costs and benefits of procedure A, procedure B, and procedures combined. If you consider only the estimates of cost and benefit procedure(s) should be implemented?
a. The estimated expected loss before any new internal control procedures are implemented is $50000. b. The revised estimate of expected loss with each procedure implemented is Procedure A is $55000.
a. The estimated expected loss before any new internal control procedures are implemented is:
Expected loss = Impact x Likelihood = $1 million x 5% = $50,000
b. The revised estimate of expected loss with each procedure implemented is:
Procedure A: Likelihood = 2%
Expected loss = Impact x Likelihood = $1 million x 2% = $20,000
Revised estimated expected loss = $50,000 - $20,000 + $25,000 = $55,000
Procedure B: Likelihood = 1%
Expected loss = Impact x Likelihood = $1 million x 1% = $10,000
Revised estimated expected loss = $50,000 - $10,000 + $30,000 = $70,000
Procedures A and B: Likelihood = 0.1%
Expected loss = Impact x Likelihood = $1 million x 0.1% = $1,000
Revised estimated expected loss = $50,000 - $1,000 + $25,000 + $30,000 = $104,000
c. Procedure A costs $25,000 and reduces likelihood to 2%, resulting in a revised estimated expected loss of $55,000. Procedure B costs $30,000 and reduces likelihood to 1%, resulting in a revised estimated expected loss of $70,000. Both procedures combined cost $55,000 and reduce likelihood to 0.1%, resulting in a revised estimated expected loss of $104,000.
Comparing the costs and benefits, it appears that Procedure A is the most cost-effective as it results in the lowest revised estimated expected loss at the lowest cost. However, the decision ultimately depends on ABC Corporation's risk tolerance and budget constraints.
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A property's real estate taxes are $250 per month, paid at the end of the year. The property is sold and the closing date is May 15. Which of the following options is closest to what the seller's share of the taxes would be?
A property's real estate taxes are $250 per month, paid at the end of the year. The seller's share of the taxes would be approximately $104.17.
What are real estate taxes?A real estate tax is a tax on real estate levied by the government on real estate holders. Real estate taxes are typically calculated by taking the current assessed value of the property and multiplying it by the current tax rate.
Real estate taxes are calculated using the following formula: Tax = Property's assessed value x Tax rate
As a result, the seller's share of the taxes can be estimated using this formula: Tax = (Number of months the seller held the property / Total number of months in the year) x Property's real estate taxes.
The seller held the property for 4.5 months (May through December).
The property's real estate taxes are $250 per month, so the total tax paid at the end of the year will be $250 x 12 months
= $3,000.Seller's share of the taxes
= (4.5 months / 12 months) x $3,000
= $1,125.Seller's share of the taxes
= $1,125 / 12 months
= $93.75 per month.
The seller's share of the taxes would be approximately $93.75 if the seller held the property for the entire year. However, because the property was sold on May 15th, the seller would only be responsible for the taxes owed from May through December (7.5 months).
As a result, the seller's share of the taxes would be around $104.17.
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Which of the following accounts will not appear in a post-closing trial balance?
a) Cash
b) Revenues
c) Accumulated Depreciation
d) Retained Earnings
e) None of these.
The correct option is Option E. None of these accounts will not appear in a post-closing trial balance
The correct option is Option E. All of the accounts listed (Cash, Revenues, Accumulated Depreciation, Retained Earnings) may appear in a post-closing trial balance. A post-closing trial balance includes all permanent accounts (also known as real accounts) and excludes temporary accounts (also known as nominal accounts). Cash, Accumulated Depreciation, and Retained Earnings are permanent accounts that carry forward balances from one accounting period to another. Revenues, on the other hand, is a temporary account that gets closed at the end of each accounting period.
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Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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