If agent is making additional-money in transaction but does not tell his principal, then it is called : (b) a secret profit.
When an agent makes additional-money in a transaction without disclosing it to their principal, it is commonly referred to as a secret profit.
It refers to the agent's unauthorized gain or benefit that they keep hidden from the principal, violating their fiduciary duty and acting against the principle of good faith and loyalty in the agent-principal relationship.
Secret-profits are generally considered unethical and can be a breach of the agent's duties and legal obligations.
Therefore, the correct option is (b).
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The given question is incomplete, the complete question is
If an agent makes additional money in a transaction but doesn't tell his or her principal, it is called:
(a) an online money fund.
(b) a secret profit.
(c) a good business deal.
(d) none of the above.
what is meant by business
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
acme widgets had an order to process 250 widgets. the first unit required 200 minutes to assemble. before starting, the company estimated the amount of time it would require to assemble all 250 widgets if they learned at an 85% rate. after assembling all 250 widgets, acme realized they had learned at an 80% rate. how much time less than their estimate did acme take? you should be able to compute the answer within plus or minus 2 hours. group of answer choices 296.1 hours 126.6 hours 140.3 hours 91.2 hours 155.8 hours
Acme took 140.3 hours less than their estimate to assemble all 250 widgets. Correct option is C.
To solve this problem, we need to first calculate the expected total time for assembling all 250 widgets based on the estimated learning rate of 85%. The formula for expected total time is:
Expected total time = Time for first unit / (1 - Learning rate) * (Total number of units)
Plugging in the values, we get:
Expected total time = 200 / (1 - 0.85) * 250 = 2666.67 minutes
However, Acme realized they had actually learned at an 80% rate, so we need to recalculate the actual total time using the same formula but with a learning rate of 80%:
Actual total time = 200 / (1 - 0.8) * 250 = 2500 minutes
To find the time less than their estimate, we subtract the actual total time from the expected total time:
Time less than estimate = 2666.67 - 2500 = 166.67 minutes
Converting to hours, we get approximately 2.78 hours. Therefore, the answer is within the given range of plus or minus 2 hours.
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Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given that 2,000 standard hours were allowed for the actual output, that actual fixed manufacturing overhead equaled the budgeted amount, and that overhead was applied at a rate of $15 per hour, what is the entry to close the fixed manufacturing overhead accounts
Answer and Explanation:
The journal entry to close the manufacturing overhead account is shown below:
Given that
There is applied overhead of $31,500
And, the budgeted overhead is
= 2,000 × $15
= $30,000
As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead
Cost of goods sold Dr $1,500 ($31,500 - $30,000)
To factory overhead $1,500
(Being the closing of overhead is recorded)
What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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You can edit contents of a cell by:
Changing font type, size
Adding a fill color
Adding borders
All of the above
Answer:
All of the above
Explanation:
I took the k12 test
in 2024, the marion company purchased land containing a mineral mine for $2,000,000. additional costs of $832,000 were incurred to develop the mine. geologists estimated that 480,000 tons of ore would be extracted. after the ore is removed, the land will have a resale value of $120,000. to aid in the extraction, marion built various structures and small storage buildings on the site at a cost of $199,200. these structures have a useful life of 10 years. the structures cannot be moved after the ore has been removed and will be left at the site. in addition, new equipment costing $79,800 was purchased and installed at the site. marion does not plan to move the equipment to another site, but estimates that it can be sold at auction for $3,000 after the mining project is completed. in 2024, 58,000 tons of ore were extracted and sold. in 2025, the estimate of total tons of ore in the mine was revised from 480,000 to 567,500. during 2025, 88,000 tons were extracted, of which 68,000 tons were sold.
In 2024, Marion Company purchased land with a mineral mine for $2,000,000 and incurred additional costs of $832,000 to develop the mine. Geologists estimated the extraction of 480,000 tons of ore, and after extraction, the land's resale value would be $120,000. Marion also built structures and storage buildings at a cost of $199,200, with a useful life of 10 years. New equipment costing $79,800 was purchased and can be sold for $3,000 after the mining project. In 2024, 58,000 tons of ore were extracted and sold, and in 2025, 88,000 tons were extracted, with 68,000 tons sold.
Marion Company's acquisition of land with a mineral mine involved the initial cost of $2,000,000, along with additional development costs of $832,000. These expenses are considered part of the land acquisition cost. The geologists estimated that a total of 480,000 tons of ore could be extracted from the mine, and after the extraction, the land would have a resale value of $120,000.
Marion also incurred costs to build structures and storage buildings on the site, amounting to $199,200. These structures have a useful life of 10 years but cannot be moved after the ore is removed. Additionally, new equipment was purchased and installed for $79,800. Although the equipment is not planned to be moved to another site, Marion estimates that it can be sold for $3,000 at an auction once the mining project is completed.
In 2024, Marion extracted and sold 58,000 tons of ore. In 2025, the estimated total tons of ore in the mine was revised to 567,500. During 2025, Marion extracted 88,000 tons, with 68,000 tons being sold. This information provides an overview of Marion Company's land acquisition, development costs, extraction and sales of ore, as well as the estimated value of structures and equipment involved in the mining project.
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Investing activities are affected by changes in current liabilities. O changes in long-term assets. O changes in current assets. O changes in equity accounts.
Investing activities are not affected by changes in current liabilities. Instead, they are affected by changes in long-term assets. Investing activities is a section of the statement of cash flows that shows the cash inflows and outflows from purchasing and selling long-term assets like property, plant, and equipment. What are investing activities?
Investing activities involve the purchase and sale of long-term assets such as property, plant, and equipment. Investing activities also include buying and selling long-term investments, such as stocks and bonds, as well as lending money and collecting on the loans.
Investing activities are part of the statement of cash flows, which is one of the three main financial statements of a company.
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Describe Red Bull’s target audience
Answer:
Red Bull can be identified as young urban males that live on the edge or aspire to do so. They are also generally interested in extreme sports and challenging recreational activities, and they have a lot of energy
camelia works in a department where there are only a few women. pictures of scantily clad women are posted in the employee breakroom. she is uncomfortable being in the breakroom, so she avoids the breakroom. she considers it a hostile environment. camelia is experiencing
Camelia Is experiencing Sexual Harassment.
Sexual Harassment basically means male dominance over female. This is done so to make women feel that they are less powerful than man. Most of the women in the society faces sexual harassment in whatever profession they are. It has become a very serious problem at workplace.
The department in which Camelia is working has hostile environment because a very less number of women are working here. Moreover, the employee breakroom had some pictures of women wearing very less clothes due to which Camelia felt sexual harassment. So, she avoids being in the breakroom and also she was not loving this environment.
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Type a paragraph explaining how you have shown initiative in the past. Use proper grammar, spelling, and punctuation.
Answer: Your previous place of work or employment. A specific instance where you showed initiative. How your initiative impacted yourself or the company.
Explanation:
The idea that each country should be allowed to choose its own inflation rate is called the ________ argument.
Answer:
panda
Explanation:
became a fan of the year old girl who is the 66666 answer me to be a great day to be a
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
why is monitoring seeking feedback stage important in problem solving skills?
Answer:
The only way for an individual or group to improve their problem solving, is to look at how they have solved problems in the past. To do this, feedback is needed and, therefore, it is important to keep a record of problem solving, the solutions arrived at and the outcomes. Ways of obtaining feedback include: Monitoring.
Record the information you found for steps 2 and 3 here. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.
What is a business plan?A business plan is a document that outlines the results of a person's market research and must contain the following:
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Business started by sulav investing cash
RS. 50,000 and bank balance RS. 100,000.
Answer:
particular. l.f. Dr.rs. Cr. rscash A/C. 50,000
BANK A/C 100,000
TO CASH A/C. 150,000
Business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
According to the business are the started by the investing cash are the bank balance to the bank are the based on the journal entry.
The journal entry on the statement on the business.
Date particular l.f. Dr. Cr.
cash a/c 50,000
Bank a/c 100, 000
To cash a/c 150, 000
As a result, business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.
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Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
Explain the role audit committee plays in the company
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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why are medical related profession and human resources important
A cyclist must decide between purchasing a new helmet for about $60 or a set of aerobars for about $120. If she decides to purchase
the aerobars, what is the opportunity cost?
A. The net value to the cyclist of the helmet.
B. The difference in price of $60.
C. The net value to the cyclist of $60 and a new helmet.
D. The net value to the cyclist of the new aerobars.
Answer:
C. The net value to the cyclist of $60 and a new helmet.
Explanation:
The cyclist will be loosing the opportunity of gaining $60 which is the helmets worth and the utility of having and using the helmet itself.
Just took the test and got it right ( ;
Answer:
The net value to the cyclist of $60 and a new helmet.
Explanation:
A(n) _____ does not give an exclusive right of possession, but a right of permanent, intermittent use
A. remainder
B. license
C. easement
D. reversion
What does not give an exclusive right of possession but gives the right of permanent and intermittent use is License.
Basically, a license does authorize the use or performance of a task, activity etc.
License are issued to a qualified person to perform certain task, work or activities which are deemed legal.
For instance, when a medical license is issued to a medical practitioner, it does not give exclusive right but its allows the him/her to perform medical duties legally for some period of time.
In conclusion, the Option B is correct because License does not give an exclusive right of possession but gives the right of permanent and intermittent use is License.
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A ground-dwelling plant grows along a chain-link fence
Answer: Very instresting?
Explanation:
What are marketing information systems?
Answer:
A marketing information system, or an MIS, is a system for gathering, storing, analyzing and distributing valuable marketing data to help marketers make better decisions
a. In order to calculate the market basket used for the CPI, what information is needed? O Base year prices only and the goods and services purchased by the typical household O Base year prices only and goods and services considered necessities O Market prices and the goods and services purchased by the typical household O Market prices and goods and services considered necessities b. In calculating the Consumer Price Index (CPI), which equation is used? O Value of a Market Basket in Base Year / Cost of Same Market Basket in Year t x 100 O Value of a Market Basket in Yeart/ Value of Same Market Basket in Base Year x 100 O Value of a Market Basket in Year t Value of Same Market Basket in Base Year x 100 O Value of a Market Basket in Year t - Value of Same Market Basket in Base Year * 100
Previous question
In order to calculate the market basket used for the CPI, what information is needed is Market prices and the goods and services purchased by the typical household.
What is the CPI?The Consumer Price Index (CPI) measures changes in the price level of a basket of goods and services consumed by households. In order to calculate the market basket used for the CPI, both market prices and the goods and services purchased by the typical household are needed.
Market prices are used to reflect the current cost of goods and services, and allow for comparison between the current price level and the price level in a base year. The goods and services purchased by the typical household, also known as the "market basket," is a representation of what a typical household buys and therefore what changes in prices affect the household's purchasing power.
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(20 marks) Consider a monopolist operating a car park. Customers purchase monthly parking passes. Demand for passes is Q=520−2p, where p is the price of a monthly pass. The monopolist's only costs are the wages paid to the parking custodians. The monopolist must pay £10 in wages for each parking pass sold. (a) (5 marks) Find the equations for the marginal revenue and marginal cost curves. (b) (8 marks) Suppose there is room for 400 cars in the car park. Which price maximizes revenue? Find the profit-maximizing price, quantity, and profit. At the profit-maximizing price and quantity, is the monopolist's markup equal to the inverse of the absolute value of the demand elasticity? (c) (7 marks) Suppose there is room for 200 cars in the car park. Find the profit-maximizing price, quantity, and profit. At the profit-maximizing price and quantity, is the monopolist's markup equal to the inverse of the absolute value of the demand elasticity? Explain.
(a) The equations for the marginal revenue and marginal cost curves are MR = p + Q(dp/dQ) and MC = £10. (b) The profit-maximizing price is £60, the quantity is 400, and the profit is £20,000. The monopolist's markup is £50/£60. (c) The profit-maximizing price is £160, the quantity is 200, and the profit is £30,000. The monopolist's markup is £150/£160.
(a) To find the equations for the marginal revenue and marginal cost curves, we need to understand the concepts of marginal revenue and marginal cost.
Marginal revenue (MR) is the change in total revenue resulting from a one-unit increase in quantity sold. In this case, the total revenue is the product of the price (p) and the quantity sold (Q). So, we can express the total revenue as TR = pQ. To find MR, we differentiate the total revenue function with respect to Q.
Differentiating TR = pQ with respect to Q, we get MR = p + Q(dp/dQ).
In this case, the demand function is given as Q = 520 - 2p. To find the marginal cost (MC) curve, we need to consider the monopolist's only cost, which is the wages paid for each parking pass sold. As stated in the question, the monopolist pays £10 in wages for each parking pass sold. Therefore, MC = £10.
So, the equations for the marginal revenue and marginal cost curves are:
MR = p + Q(dp/dQ)
MC = £10
(b) To find the price that maximizes revenue, we need to find the quantity that corresponds to the maximum revenue. The revenue function can be expressed as R = pQ.
Substituting the demand function Q = 520 - 2p into R = pQ, we get R = p(520 - 2p).
To find the profit-maximizing price, quantity, and profit, we need to find the point where marginal revenue (MR) equals marginal cost (MC).
Setting MR equal to MC, we have p + Q(dp/dQ) = £10. Substituting Q = 520 - 2p, we can solve for p.
Solving the equation, we find that p = £60.
Substituting p = £60 into the demand function Q = 520 - 2p, we find Q = 520 - 2(£60) = 400.
Therefore, the profit-maximizing price is £60, the quantity is 400, and the profit can be calculated as the difference between total revenue and total cost.
Profit = R - TC = pQ - (MC * Q) = (£60 * 400) - (£10 * 400) = £24,000 - £4,000 = £20,000.
Regarding the monopolist's markup, it is not equal to the inverse of the absolute value of the demand elasticity at the profit-maximizing price and quantity. The markup is given by the formula (p - MC)/p. In this case, it would be (£60 - £10)/£60 = £50/£60.
(c) When there is room for 200 cars in the car park, we need to repeat the steps from part (b) to find the profit-maximizing price, quantity, and profit.
Using the same demand function Q = 520 - 2p, we substitute Q = 200 and solve for p.
p = (£520 - 200)/2 = £320/2 = £160.
Substituting p = £160 into the demand function, we find Q = 520 - 2(£160) = 520 - £320 = 200.
Therefore, the profit-maximizing price is £160, the quantity is 200, and the profit can be calculated as the difference between total revenue and total cost.
Profit = R - TC = pQ - (MC * Q) = (£160 * 200) - (£10 * 200) = £32,000 - £2,000 = £30,000.
Regarding the monopolist's markup, it is not equal to the inverse of the absolute value of the demand elasticity at the profit-maximizing price and quantity. The markup is given by the formula (p - MC)/p. In this case, it would be (£160 - £10)/£160 = £150/£160.
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With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.
A) poor management
B) competition
C) bad location
D) finances
Answer:
C, bad location
Explanation:
Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.
Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.
Why is the location of a store important?It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.
Thus, the ideal option is C.
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In aconcentrated retail system, a fewretailers supply most of the marketIn afragmented retail systemthere aremany retailers, no one of which has amajor share of the marketDeveloped countries tend to have greaterretail concentration, while developingcountries are more fragmented
In a concentrated retail system, D.A few retailers supply most of the market
What is the concentrated retail systemConcentrated retail systems are when few big companies have a lot of power and resources, and people know them well.
In a fragmented retail system, there are many small retailers and none of them have a big share of the market. When there are many small retailers in a market without one dominating, it's called a fragmented retail system. Some shops may focus on specific types of customers or sell in certain areas.
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In a concentrated retail system,
A.There are many retailers who have a major share of the market
B.There are many retailers, no one of which has a major share of the market
C.A few retailers supply a small segment of the market
D.A few retailers supply most of the market
What ethical principles should federal, state, and local governments use to determine their obligation to society when deciding whether to forgo tax revenue from tax-exempt hospitals?
200 words for like
The ethical principles that federal, state, and local governments should use to determine their obligation to society when deciding whether to forgo tax revenue from tax-exempt hospitals are as follows:
Equity: Governments should consider whether granting tax-exempt status to hospitals creates an equitable distribution of benefits for society. Public Benefit: Governments should evaluate whether tax-exempt hospitals provide substantial public benefits that outweigh the lost tax revenue. By applying these ethical principles, governments can make informed decisions about whether to forgo tax revenue from tax-exempt hospitals, balancing the benefits to society with the need for financial resources.
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The technological change does not affect the cost of locating truffles? (assume that wages and rents are constant.)
Technological change does not affect the cost of locating truffles when wages and rents remain constant.
If wages and rents are constant, technological change would not directly impact the cost of locating truffles. The cost of locating truffles is primarily influenced by factors such as labor costs and the availability of suitable truffle-hunting areas. Technological advancements, such as improved truffle-hunting equipment or techniques, could potentially increase efficiency and productivity in truffle locating. However, if wages and rents remain constant, the overall cost of the operation would not be directly affected by these technological changes. In other words, while technology might enhance the effectiveness of truffle hunting, it would not necessarily lead to a reduction in costs unless there are changes in labor costs or rental prices.
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Which of the following is absolutely necessary for successful implementation and operation of MRP?
(I) accurate inventory records,
(II) accurate demand forecasts,
(III) accurate holding and backordering costs,
(IV) accurate bills of materials.
A. I, II, and IV only,
B. I, III, and IV only,
C. I, II, and III only,
D. I and II only,
E. I, II, III, and IV.
For successful implementation and operation of Material Requirements Planning (MRP), accurate inventory records, accurate demand forecasts, and accurate bills of materials are essential. The answer is: A) I, II, and IV only.
Accurate inventory records (I) are necessary to ensure that the system has up-to-date information about the quantity and location of available inventory. This information is crucial for MRP to generate accurate material requirements and avoid stockouts or excess inventory.
Accurate demand forecasts (II) provide the basis for MRP to determine the timing and quantity of materials needed to meet customer demand. Reliable forecasts help optimize production schedules and ensure that materials are available when required.
Accurate bills of materials (IV) are vital as they outline the components, quantities, and structure of the final product. A precise understanding of the bill of materials is necessary to calculate material requirements accurately and plan production accordingly.
Accurate holding and backordering costs (III) are not an absolute requirement for successful MRP implementation and operation, making option A) the correct answer.
In summary, accurate inventory records, accurate demand forecasts, and accurate bills of materials are essential for the successful implementation and operation of MRP, as they provide the foundation for effective planning and execution of material requirements. Therefore, the answer is A) I, II, and IV only.
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