Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
What is competitive market?Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
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Discuss at least two ethical principles that relate to the The Legacy’s mission
Answer:
The Legacy's mission is to empower individuals and communities to live healthy, productive, and fulfilling lives. This mission is grounded in several ethical principles, including:
Autonomy: Autonomy is the principle of respecting individuals' right to make their own decisions and choices. The Legacy's mission aligns with this principle because it aims to empower individuals to make healthy choices and live fulfilling lives. By providing education and resources, The Legacy enables individuals to make informed decisions about their health and well-being.
Beneficence: Beneficence is the principle of doing good and promoting the well-being of others. The Legacy's mission aligns with this principle because it aims to promote health and well-being in individuals and communities. By providing education, resources, and support, The Legacy helps individuals live healthy, productive, and fulfilling lives, which ultimately benefits society as a whole.
In summary, The Legacy's mission is grounded in ethical principles that emphasize respect for individuals' autonomy and promoting their well-being. By empowering individuals and communities to make healthy choices and live fulfilling lives, The Legacy is contributing to the greater good of society.
Explanation:
Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
2. Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the coefficient variation for this firm’s returns??
Economic
Conditions Prob. Return
Strong 25% 30.0%
Normal 45% 12.0%
Weak 30% -14.0%
The coefficient variation for Carson Inc.'s returns is 4.06.
The coefficient of variation (CV) is a measure of relative dispersion or risk for a set of data. It is calculated as the standard deviation divided by the mean of the data, expressed as a percentage.
First, we need to calculate the expected return for Carson Inc.'s returns:
Expected return = (0.25 x 0.30) + (0.45 x 0.12) + (0.30 x -0.14) = 0.045 or 4.5%
Next, we need to calculate the standard deviation
Standard deviation = √((0.25 x (0.30 - 0.045)²) + (0.45 x (0.12 - 0.045)²) + (0.30 x (-0.14 - 0.045)²)) = 0.1828 or 18.28%
Finally, we can calculate the coefficient of variation
Coefficient of variation = standard deviation / expected return = 0.1828 / 0.045 = 4.06
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the fijian dollar is currently trading for AUD 2.55. if the interest rate in australia is 5.5% and the interest rate in New Zealand is 6.5% what would be the one year forward exchange rate
Since the interest rate in Australia is 5.5% and the interest rate in New Zealand is 6.5%, then the one-year forward exchange rate is 1 Fijian dollar equals 2.53 AUD.
The information given from the question is that 1 Fijian dollar = 2.55 AUD.
Based on the information, the foreign currency is Fijian dollar while the home currency is AUD. Therefore, the forward rate will be:
= 2.55 × [(1 + 5.5%) / (1 + 6.5%)
= 2.55 × (1.055 / 1.065)
= 2.55 × 0.99
= 2.53
In conclusion, 1 Fijian dollar equals 2.53 AUD.
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On December 31, 2020, Oriole Company sold for $153000 an old machine having an original cost of $266000 and a book value of $113000. The terms of the sale were as follows: $40000 down payment $56500 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at 7% for 2 years is 1.80802.)
Answer:
$102,153.13
Explanation:
Amount payable on December 31 each of the next two years = $56,500
The PV of ordinary annuity of ($1,7%,2 years) is 1.80802
The amount of the notes receivable net of the unamortized discount = Amount Payable * PV($1, 7%, 2)
= $56,500 * 1.80802
= $102,153.13
So, the amount of the notes receivable net of the unamortized discount on December 31, 2020 will be $102,153.13.
Should all managers must always aim for the top position?why or why not
Answer:
The aim for most managers is to meet the requirements of their boss, and skilled managers know they can't do that without the help of the employees they oversee. Managers who fail to involve subordinates in achieving business goals can miss a mark of achievement for themselves and their company
Explanation:
Your company purchased some expensive, sophisticated equipment in January of Year 5. The cost was $2,000,000 and the equipment was expected to have a useful life of 10 years. Now, in Year 6, the company has spent an additional $1,000,000 on the same equipment. $400,000 of this total was on ordinary repairs to fix things in order to maintain expected operating condition. However, the other $600,000 was spent on extraordinary repairs, which consisted of replacing the original engine so that the useful life of the entire equipment will be extended another five years. Company management was to "capitalize" the entire $1,000,000. Write a memo around two paragraphs in length to your supervisor that explains the following: The accounting error that has been made The effect this error will have on the company's financial statements this year The problems that might result The importance of fixing the error and what needs to be done to fix the error
The memo required to be written to the supervisor about the accounting error of capitalizing expenses should look like the following:
From: Management Accountant
To: Financial Planning and Analysis Manager
Subject: Capitalization of Expenses for $400,000
Date: March 17, 2022
The above subject refers.
An accounting error has occurred with the capitalization of $400,000 incurred on ordinary repairs of equipment. This error needs to be reversed because it results in the following problems:
Incorrect income reportingIncorrect cash flow classificationIncorrect expense reportingImproper matching of income and expenses.To fix the error, the Equipment account should be credited while the Equipment Repairs Expenses should be debited.
Regards,
Tony
What is an accounting error?An accounting error is a mistake in the classification of a transaction. It may be intentional (fraudulent) or unintentional.
However, once an accounting error is spotted, it must be corrected to ensure that the accounting system is properly maintained.
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Edison Consulting received a $310 utilities bill and immediately paid it. Edison's general journal entry to record this transaction will include a: Multiple Choice Debit to Utilities Expense for $310. Credit to Accounts Payable for $310. Debit to Cash for $310. Credit to Utilities Expense for $310. Debit to Accounts Payable for $310.
Based on the amount received and the account it was, the corresponding entry will be Debit to Utilities Expense for $310.
How to treat expensesExpenses are treated as a debit in the books which means that when expenses increase, they are debited to their relevant accounts.
As an expense of utilities was received in this scenario, it will have to be debited to the Utilities account.
In conclusion, option A is correct.
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Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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Score: 0/450
Question Value:
In 2018, the U.S. balance of payment numbers showed that income received was $1,060.4 billion and
income payments were $816.1. What was the net result?
an outflow of $816.1 billion
a net inflow of $244.3 billion
a net outflow of $244.3 billion
an inflow of $1,060.4 billion
The net result of the U.S. balance of payment numbers in 2018 was a net inflow of $244.3 billion.
In 2018, the U.S. balance of payment numbers indicated that income received was $1,060.4 billion, while income payments amounted to $816.1 billion.
To determine the net result, we need to subtract the income payments from the income received.
Net Result = Income Received - Income Payments
Substituting the given values into the equation, we have:
Net Result = $1,060.4 billion - $816.1 billion
Calculating the difference, we find:
Net Result = $244.3 billion
This signifies a net inflow of funds, indicating that the United States received more income from abroad than it paid out. It is important to note that a positive net result implies a surplus in the current account, which includes trade in goods and services, income receipts, and unilateral transfers.
This surplus indicates a favorable position for the U.S. economy in terms of its international financial transactions during that period.
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Payment of $1,000 payables *
Increases an asset $1,000; decreases an asset $1,000
Decreases a liability $1,000; decreases an asset $1,000
Decreases a liability $1,000; increases owner's equity $1,000
None of the above
Answer:
None of the above
Explanation:
Given that the question is about Payment of $1,000 payables, then in a journal account, there will be a record of "Decreases in account payable $1,000; increases in cash $1,000"
Hence, considering the available options, the right answer to the question is "None of the above"
CAN YOU HELP ME WITH THAT QUESTION< PlEASE?
Additional tickets were sold for $44,000 cash during 2025, a portion of these was used by the purchasers during the year. The entire balance remaining in Unearned Sales Revenue relates to the upcoming Skins Game in 2025.
Based on the fact that the amount received from tickets for the upcoming Skins Game in 2025 was left in the Unearned Sales Revenue account, the journal entry is:
Date Account Title Debit Credit
2025 Cash $44,000
Unearned sales revenue $44,000
What is unearned revenue?This is revenue that a company has received but which they have not provided either the goods or services for.
For instance, pre-orders for goods and services.
The tickets sold were for upcoming games so the service of playing the game was yet to be delivered which makes this unearned revenue. It will be credited to the unearned sales revenue account.
Question is:
Prepare journal entries for the following event.
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E3-33B. (Learning Objectives 1, 3: Journalizing adjusting entries and analyzing their
effects on net income; comparing accrual and cash basis) An accountant made the following
adjustments at December 31, the end of the accounting period:
a. Prepaid insurance, beginning, €800. Payments for insurance during the period, €2,500.
Prepaid insurance, ending, €1,400.
b. Interest revenue accrued, €1,200.
c. Unearned service revenue, beginning, €1,500. Unearned service revenue, ending, €600.
d. Depreciation, €4,700.
e. Employees' salaries owed for three days of a five-day work week; weekly payroll,
€24,000.
f. Income before income tax, €21,000. Income tax rate is 25%.
Requirements
1. Journalize the adjusting entries.
2. Suppose the adjustments were not made. Compute the overall overstatement or understate-
ment of net income as a result of the omission of these adjustments.
The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Transactions are listed in an accounting journal that shows a company's debit and credit balances.
Give a brief account on adjusting journal entries.An adjusting journal entry is one that is made at the end of an accounting period in the general ledger of a business to record any unrealized income or expenses that occurred during the period. An adjusting journal entry is necessary to accurately account for a transaction that happens between two accounting periods.
To solve the question :
1. Adjusting journal entries are as follows :
Particulars Debit. Credit
a. Insurance expense A/c
($800 + $2,500 - $2,400) $600
To prepaid insurance A/c $600
(entry for expired portion of
prepaid insurance)
b. Interest receivable A/c $1,200
To interest revenue A/c $1,200
(adjusting entry for
accrued interest revenue)
c. Unearned service revenue A/c ($1,500 - $600) $900
To service revenue A/c $900
(entry for earned portion of
unearned service revenue)
d. Depreciation expense A/c $4,700
To accumulated depreciation A/c $4,700
(To record depreciation expenses)
e. Salaries Expense A/c
($24,000 / 5 days × 3 days) $14,400
To Salaries payable A/c $14,400
(To record accrued salaries expenses)
f. Income tax expense A/c
($21,000 × 25%) $5,250
To income tax payable A/c $5,250
(To record income tax expenses)
2. Calculating whether these omitted adjustments resulted in an overstatement or underestimate of net income
a. Adjusting Entry for Insurance Expense of $600 : Overstated
b. Adjusting Entry for accrued revenue of $1,200 : Understated
c. Adjusting entry for Service Revenue Earned of $900 : Understated
d. Adjusting Entry for Depreciation Expense of $4,700 : Overstated
e. Adjusting Entry for Salaries Expense for
three day of $14,400 : Overstated
f. Adjusting Entry for Income Tax Expense of $5,250 : Overstated
Impact on Net Income without Adjusting Entries of $22,850 : Overstated
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The Weston Corporation is analyzing projects A, B, and C as possible investment opportunities. Each of these projects has a useful life of five years. The following information has been obtained: Project A Project B Project CInitial investment required $500,000 $480,000 $630,000Present value of future cash inflows $675,000 $520,000 $690,000Internal rate of return 18% 14% 16% Which of the following statements is correct?A. Project B is preferred over Project Coccording to the project profitability index. B. Project B is preferred over Project A according to the internal rate of return. C. Project B is preferred over Project according to the project profitability index. D. Project A is preferred over Project according to the internal rate of return.
Answer:
D
Explanation:
The business structure you choose as a step for starting your new business affects the following?
Answer:
Define Yourself- Finding your Business Niche. Identify your interests and passions. Identify problems you can solve. Research your competition. ...
Test your idea.
Defining your Business – Branding. Identify your specific audience. Establish business processes.
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29. a. Explain why a checking account (demand deposit) is more liquid than a car.
b. Explain the difference between commodity money and fiat money.
A checking account is more liquid than a car because it can be converted to cash faster.
Commodity money has an intrinsic value while fiat money does not have an intrinsic value.
What does liquidity mean?Liquidity measures the speed at which an asset can be converted to cash. The easier it is to convert an asset to cash, the more liquid the asset is. The most liquid asset is cash. A checking account can be converted to cash faster than a car, thus, it is more liquid.
Commodity money is money for which its value comes from the commodity from which it is made. Fiat money is currency whose value is not backed up by any asset. The value of fiat money is dependent on the amount printed on it. An example of fiat money is the US dollar.
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Who is responsible for the setup of speakers for a banquet
Answer:
I think manager??????????
The one responsible for the setup of speakers for a banquet is the event manager, Catering manager or the banquet head of administration who is supervising the team.
What is a banquet?The banquet space is furnished with decorations, accessories, and table arrangements. The banquet manager hires and schedules staff, oversees the banquet while it is being held, etc.
At the start of the banquet, the catering manager is present to ensure that all of the guests' demands are being met.He did a good job of allocating the resources, monitoring the process, and finishing on schedule.
The setup of the dinner, table arrangements, staff scheduling, and other tasks are all coordinated by the banquet supervisor. The chef is in charge of guaranteeing excellence in banquets and reports to the executive chef.
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consider the market for pens. suppose that new research has been published stating that the process of writing, erasing, and rewriting improves memorization, leading parents to avoid giving their children pens in favor of pencils. further, the price of plastic, a major input in the pen production process, has increased sharply. on the following graph, labeled scenario 1, indicate the effect these two events have on the demand for and supply of pens. note: select and drag one or both of the curves to the desired position. curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.
In Scenario 1, the demand for pens would decrease (shift down) and the supply of pens would increase (shift up).
What are demand and supply?Generally, Demand and supply refer to the relationship between the quantity of a good or service that buyers are willing and able to purchase and the quantity that producers are willing and able to supply.
The amount of a good or service that buyers are willing and able to purchase at a given price is known as the demand. The amount of a good or service that producers are willing and able to supply at a given price is known as the supply.
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what can netflix, apple, and walmart incorporate that could improve their brand on a global level.
The ways to improve their brand on a global level are:
Netflix: Content Localization and Original Content Investment.Apple: Innovation and Differentiation and User Experience and Ecosystem IntegrationWalmart: E-commerce and Digital Transformation and Sustainability Initiatives.Here are some potential strategies that Netflix, Apple, and Walmart could consider to improve their brand on a global level:
Netflix:
Content Localization: Netflix could invest more in localizing its content to cater to the preferences and cultural nuances of different regions. Original Content Investment: Continuing to invest in high-quality original content across different genres and languages can help Netflix stand out in the competitive streaming market.Apple:
Innovation and Differentiation: Apple has a strong reputation for innovation, but continued investment in research and development is crucial to maintain its competitive edge. User Experience and Ecosystem Integration: Apple could focus on enhancing the overall user experience by further integrating its products and services within its ecosystem.Walmart:
E-commerce and Digital Transformation: As the retail landscape continues to evolve, Walmart could further invest in e-commerce capabilities and digital transformation. Sustainability Initiatives: Demonstrating a strong commitment to sustainability can significantly enhance Walmart's brand reputation.For such more question on Ecosystem:
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Why is compound interest preferable to simple interest?
Compound interest pays at least double the interest on the principal
Compound interest is paid by the week or by the month, not only on
O Compound interest is based on the entire principal, not just a percer
O Compound interest pays interest on the principal and the interest ea
Answer:
Compound Interest, when it comes to investing, compound interest is better since it allows funds to grow at a faster rate than they would in an account with a simple interest rate. Compound interest comes into play when you're calculating the annual percentage yield.
Explanation:
I hope this helped a lot bro. Hope you make a 100 on your test or quiz. Can I get brainiest.
Answer:
D.) Compound interest pays interest both on the principal and the interest earned in each period.
Explanation:
On Edg
What was your largest contributor from indoor water? Why?
I need description
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Additional information:
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made. (450)
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum. (30)
v. Motor vehicles are to be depreciated by 20% per annum. (5280)
REQUIRED:
a) Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance).
b) Prepare the Statement of Comprehensive Income and Statement of Financial Position for the year ended 31st December, 2014 (include the additional information given in your question).
solution
Answer:
a) Trial Balance as at 31st December, 2014:
Account Debit Credit
Purchases 74,400.00
Sales 141,600.00
Return inwards 4,900.00
Sundry expenses 370.00
Freight charges 6,240.00
Motor vehicle expenses 7,250.00
Rent and rates 5,720.00
Wages 19,600.00
Bank Loan interest 300.00
Bank Loan 6,000.00
Accounts receivable 15,000.00
Accounts payable 6,050.00
Inventory as at 01/01/14 8,540.00
Equipment 5,800.00
Motor Vehicle 26,400.00
Drawings 12,000.00
Capital 35,700.00
Cash at Bank 2,830.00
Total 224,350.00 224,350.00
b) Statement of Comprehensive Income for the year ended 31st December, 2014:
Particulars Amount ($)
Sales 141,600.00
Less: Return inwards (4,900.00)
Net Sales 136,700.00
Cost of Sales 74,400.00
Gross Profit 62,300.00
Less: Sundry expenses (370.00)
Less: Freight charges (6,240.00)
Less: Motor vehicle expenses (7,250.00)
Less: Rent and rates (5,720.00)
Less: Wages (19,600.00)
Operating Profit 23,120.00
Less: Bank Loan Interest (300.00)
Net Profit 22,820.00
Statement of Financial Position as at 31st December, 2014:
Particulars Amount ($)
Current Assets
Inventory 10,750.00
Accounts receivable 15,000.00
Prepaid Rent 900.00
Cash at Bank 2,830.00
Total Current Assets 29,480.00
Non-Current Assets
Equipment 5,800.00
Motor Vehicle 21,120.00
Less: Accumulated Depreciation (5,280.00)
Net Non-Current Assets 21,640.00
Total Assets 51,120.00
Current Liabilities
Accounts payable 6,050.00
Bank Loan 6,000.00
Total Current Liabilities 12,050.00
Net Assets 39,070.00
Equity
Capital 35,700.00
Add: Net Profit for the Year 22,820.00
Total Equity 58,520.00
Total Liabilities and Equity 51,120.00
Explanation:
Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?
The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:
(1 + R) = (1 + r)(1 + h)
r = [(1 + .17) / (1 + .036)] - 1
r = .12934, or 12.93%
An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.
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In which of the following scenarios would an executive benefit from the insights provided by operations management systems software?
Multiple Choice
An executive wants to know which employees have been trained on their new manufacturing process.
An executive wants to know why there are delays in their customers receiving their product.
An executive wants to know what marketing message is having the biggest impact with customers.
An executive wants to know why it is taking longer to manufacture their product.
An executive would benefit from the insights provided by operations management systems software in the scenario where: d. they want to know why it is taking longer to manufacture their product.
In which would an executive benefit from the insights provided by operations management systems software?Operations management systems software is designed to help organizations manage their production and manufacturing processes, optimize resources, and improve efficiency. It provides real-time data and insights into various aspects of the production process, including inventory management, supply chain management, and production scheduling.
Therefore, in the scenario where an executive wants to know why it is taking longer to manufacture their product, operations management systems software can help identify bottlenecks and inefficiencies in the production process, allowing the executive to make data-driven decisions to improve productivity and reduce costs.
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The two main types of e-commerce are
Answer:
B2B (Business to business) and B2C (Business to consumer)
If I travel to New York City from Boca Raton every weekend for 10 years, I am still considered a tourist in New York City.
Answer:
Yes
Explanation:
Yes, in any State or Country that you are not a permanent resident in you would be considered a tourist. In this scenario, you are a permanent resident of Boca Raton, Florida and only visiting New York City on weekends. Regardless of how frequent, since you are not a permanent resident and only travel on weekends to see the city or have fun then in the eyes of the law you are technically a tourist in the city.
What is the Importance of Public Personnel Management?
Public personnel management is crucial for the effective functioning of public sector organizations. It encompasses the policies, practices, and processes involved in managing the human resources of government agencies at various levels.
The importance of public personnel management can be understood from several perspectives:
1. Efficient Service Delivery: Public personnel management ensures that government agencies have competent and motivated employees who can efficiently deliver public services. By recruiting, selecting, and retaining the right people for the job, personnel management contributes to enhancing the quality and responsiveness of public services.
2. Merit-Based System: Public personnel management promotes a merit-based system where individuals are hired and promoted based on their qualifications, skills, and performance rather than favoritism or nepotism. This helps to build a professional and competent workforce and fosters public trust and confidence in government institutions.
3. Employee Development: Personnel management plays a crucial role in providing training and development opportunities to public sector employees. Continuous learning and skill enhancement programs enable employees to adapt to changing work requirements, improve their performance, and contribute effectively to organizational goals.
4. Fairness and Equity: Effective personnel management ensures fairness and equity in the treatment of employees. It establishes transparent and standardized processes for recruitment, performance evaluation, promotion, and disciplinary actions, reducing the likelihood of discrimination and promoting a culture of fairness and equality.
5. Workforce Planning: Public personnel management involves strategic workforce planning to anticipate and address future human resource needs. By identifying skills gaps, succession planning, and implementing effective recruitment and retention strategies, it ensures that the organization has the right people with the right skills in the right positions.
6. Employee Engagement and Morale: Public personnel management practices, such as performance recognition, rewards, and employee involvement, contribute to higher levels of employee engagement and morale. Engaged employees are more likely to be motivated, committed, and productive, leading to improved organizational performance.
In conclusion, public personnel management is essential for efficient and effective public service delivery, promoting a merit-based system, developing employees, ensuring fairness and equity, strategic workforce planning, and enhancing employee engagement. By focusing on the management of human resources, public sector organizations can achieve their objectives and serve the needs of the public more effectively.
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In showing properties for sale, which of the following is a recommended course of action?
Answer:
The most recommended one is to Allow the seller's pets to roam around and interact with guests.
payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.
a. True
b. False
payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers is false.
A community-based online platform is frequently used to facilitate peer-to-peer (P2P) based activities of acquiring, providing, or sharing access to goods and services, which are defined as part of the sharing economy.
For thousands of years, people in communities shared resources, but with the development of the Internet and its application of big data, it has become simpler for asset owners and those looking to use those resources to connect with one another. The term "shareconomy" or "collaborative economy" can also be used to describe this type of dynamic.
People and organizations can profit from underutilized assets in sharing economies.
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Sylvia Baxter reaches an agreed upon selling
When Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
Based on the information you provided, Sylvia Baxter has reached an agreed-upon selling price for a particular item or property. This means that she and the buyer have come to a mutual agreement on the price at which the item or property will be sold.
When negotiating a selling price, it's important for both parties to consider several factors, such as the current market value of the item or property, its condition, and any unique features or attributes that may affect its value. Additionally, both parties should be clear about any terms and conditions of the sale, such as the date of transfer of ownership, any repairs or renovations that need to be made before the sale, and any financing or payment arrangements.
Once the selling price has been agreed upon, both parties will typically sign a sales agreement or contract that outlines the terms of the sale. This document serves as a legally binding agreement between the buyer and seller and ensures that both parties are aware of their rights and obligations.
In summary, when Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
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