Prior to the year 2002, standards governing audits were established through the AICPA. The association establishes guidelines for financial statement auditing, private practice, CPA firm quality control, business valuation, financial planning, and professional ethics. An audit can apply to a complete organization or to a specific function, process, or manufacturing step.
An audit's goal is to offer a judgement on whether AICPA or the financial statements are fairly presented in accordance with suitable accounting rules. Bank accounts, management accounts, payrolls, bank statements, invoices, and receipts are all examples of auditing evidence. Auditing evidence should be substantial, reliable, obtained from a reliable source, and relevant to the audit at hand.
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the ______ perspective of the balanced scorecard asks the question, how do we look to our shareholders?
According to the strategy map, the finance perspective of the balanced scorecard asks the question, how do we look to our shareholders.
The strategy map of any business activity is categorized into four divisions.
The financial data perspective of the balanced scorecards focuses on income, expenditures, financial ratios, budget variances, income targets, and shareholders, etc.
Other categories of balanced scorecards include the following:
Learning and growthBusiness processesCustomersHence, in this case, it is concluded that the correct answer is "Finance."
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What feature of the operator’s manual provides supplemental information such as References, basic issue item (BII) lists, and lubrication procedures?
Answer:
Appendices
Explanation:
Operator's manual have various Chapters in it. Each of them are designated to some particular topic.
As for example the first chapter towards the basic description of vehicle, second towards the operating instructions, as to where and how the vehicle shall run and the basic guidelines, third chapter might contain the details for the use of vehicle in case of any emergencies.
Further at the last or near to last there is appendices which shows the references, all the items basically issued, vehicle sign/ decal information, lubrication etc:
the price elasticity of demand for color printers is 1.6 and you would like to see the quantity demanded for color printers to increase by 32%. then the percentage change in price should be
The Price Elasticity of Demand for color printers is 1.6.
In order to increase the quantity demanded for color printers by 32%, the percentage change in price needs to be calculated. Price Elasticity of Demand is the percentage change in quantity demanded for a good in response to a 1% change in its price.
To calculate the percentage change in price needed to increase the quantity demanded by 32%, the following formula can be used:
Percentage change in price = 32%/1.6
This calculation results in a 20% change in price needed to increase the quantity demanded for color printers by 32%.
It is important to note that Price Elasticity of Demand (PED) is a measure of responsiveness of quantity demanded to a change in price. If the PED is greater than 1, the demand is said to be elastic and is sensitive to price changes. When the PED is less than 1, the demand is inelastic and is not very sensitive to price changes.
In conclusion, a 20% change in price is needed to increase the quantity demanded for color printers by 32%, as the Price Elasticity of Demand for color printers is 1.6.
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A used-car cost 5000. You figure you can get 4 years out of it. You drive 10000 miles per year. Your car insurance costs 1200$ per year. You figure you’ll spend 400$ per year on maintenance. Gas cost 3$ per gallon and the car gets 25 miles per gallon. What will be your average cost (all cost included) per mile over 4 years ?
Answer:
$0.405
Explanation:
The average cost per mile:
Cost per year:
Insurance : $1200
Gas At $3 per gallon: car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.
Consumption per year = 10,000/25 x 3= $1200
maintenance $400
Cost for fours years
Car cost: =$5000
Insurance : $1,200 x 4 =$4,800
Gas costs: $1200 x 4 =$4800
Maintenance :$400 x 4 = $1600
Total costs for four years= $5000+ $4800+ $4800+$1600
=$16,200
Average cost per mile
=$16,200/ 40,000
=
The average cost per :
Cost per year:
Insurance : $1200
Gas At $3 per gallon: car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.
Consumption per year = 10,000/25 x 3= $1200
maintenance $400
Cost for fours years
Car cost: =$5000
Insurance : $1,200 x 4 =$4,800
Gas costs: $1200 x 4 =$4800
Maintenance :$400 x 4 = $1600
Total costs for four years= $5000+ $4800+ $4800+$1600
=$16,200
Average cost per mile
=$16,200/ 40,000
=$0.405
If you have to start paying interest immediately on a student loan, you probably have a(n) _________ loan.
If you have to start paying interest immediately on a student loan, you probably have a unsubsidized loan. Unsubsidized loans are different from subsidized loans because they accrue interest while the borrower is still in school.
This means that the borrower is responsible for paying the interest that has accumulated on the loan while they are still in school, which is not the case for subsidized loans. Having to pay interest on a loan immediately can add up quickly and increase the overall cost of the loan. Borrowers should be aware of the type of loan they have and how interest will accrue on it. It is important to read and understand the terms and conditions of the loan agreement before signing on the dotted line. In summary, if you are required to pay interest on a student loan from the very beginning, it is likely that you have an unsubsidized loan. As with any loan, it is important to understand the terms and conditions and make sure you are aware of the interest that will accrue on the loan.
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1. How do buying personas help marketers appeal to larger audiences? Provide an example.
Buying personas are fictitious representations of ideal customers. They are a valuable tool for marketers to create marketing messages that resonate with target consumers. Buying personas help marketers to appeal to larger audiences by giving them a better understanding of their customers’ needs, wants, preferences, and behaviors.
In this way, they can create more targeted and personalized marketing messages that are more likely to resonate with larger audiences.Marketers use buying personas to better understand their customers and create more targeted and personalized marketing messages. For example, if a marketer is trying to sell a product to busy professionals who value convenience and time-saving, they may create a buying persona called “Busy Bill”. Busy Bill is a busy professional who is always on-the-go and values convenience and time-saving. By understanding Bill’s needs, preferences, and behaviors, the marketer can create marketing messages that appeal to Bill and other busy professionals like him. They can create messages that emphasize the convenience and time-saving benefits of their product and show how it can help busy professionals like Bill save time and be more productive. By using buying personas, marketers can create marketing messages that resonate with larger audiences and increase the chances of converting prospects into customers.
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SHOW WORK IN EXCEL!
A restaurant prepares 200.00 pizza slices and sells them at a rate of $12.00/slice. Expenses for the restaurant include raw material for pizza at $6.00 per slice, $124.00 for monthly rental and monthly insurance of $46.00. Lost sale are taken as $4.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 212.00 slices. How much profit could the restaurant earn today?
Today, the restaurant could earn a profit of $1,000.00.
To calculate the profit, we need to consider the revenue generated and deduct the expenses incurred.
Step 1: Calculate the revenue:
The restaurant prepares 200.00 pizza slices and sells them at a rate of $12.00/slice. However, due to increased demand today, the restaurant sold 212.00 slices. Therefore, the revenue generated today is 212.00 slices * $12.00/slice = $2,544.00.
Step 2: Calculate the expenses:
The expenses include the cost of raw materials, monthly rental, monthly insurance, and potential lost sales.
The cost of raw materials per slice is $6.00. So, for 212.00 slices, the total cost of raw materials is 212.00 slices * $6.00/slice = $1,272.00.
The monthly rental is $124.00, and the monthly insurance is $46.00. As the restaurant is open for 25 days in a month, the daily rental and insurance expenses are ($124.00 + $46.00) / 25 = $5.20/day.
To calculate the potential lost sales, we need to know the number of unhappy customers. Since the given question does not provide this information, we cannot calculate the exact amount for this expense.
Step 3: Calculate the profit:
To calculate the profit, we subtract the expenses from the revenue.
Profit = Revenue - Expenses
Since the potential lost sales amount is not given, we will assume no unhappy customers for simplicity. Therefore, the expenses include only the cost of raw materials and the daily rental and insurance expenses.
Expenses = Cost of raw materials + (Daily rental and insurance expenses * Number of days open)
Expenses = $1,272.00 + ($5.20/day * 25 days) = $1,392.00
Profit = $2,544.00 - $1,392.00 = $1,152.00
However, we also need to consider the revenue generated from leftover pizza. The given question does not provide information about the number of leftover slices. Therefore, we cannot calculate the exact amount. If we assume no leftover slices, the profit would be $1,152.00.
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How much reduction in holding cost per unit sold can Gap expect on moving each of the two products from the stores to the online channle?
Gap can expect a reduction in holding cost per unit sold of up to 75% if the products are moved from the stores to the online channel.
This is due to the fact that online stores and channels require much lower overhead costs and inventory costs than physical stores. Online stores don't require high labor and rental costs as physical stores do. This can result in a significant reduction in holding cost per unit sold, which can help Gap save money and become more competitive in the market. Additionally, moving to an online channel can make the products more accessible to a wider range of customers, providing a cost-effective and far-reaching way to expand Gap's customer base.Gap can expect a reduction in holding cost per unit sold of up to 75% if the products are moved from the stores to the online channel.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
You send out 15,000 emails and 350 are opened. What is your open rate?
Answer:
A 2.3%
Explanation:
knowledge matters
2.3% is your open rate. As You send out 15,000 emails and 350 are opened.
What is open rate?An email marketing indicator called open rate calculates the proportion of receivers who opened emails from a certain campaign. You figure it out by dividing the total number of recipients by the number of persons that opened the email.
The open rate is computed by dividing the number of email recipients by the number of email opens. The open rate that is averaged over all email campaigns is known as the average open rate.
Industry-specific email open rates and the caliber of your email list both affect how often people read your emails. The average email open rate, however, is 17.92% across all industries. This indicates a desirable open rate is anything between 15% and 25%.
Thus, 2.3% is your open rate.
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what are different types of leadership styles? Give 4 examples of leadership styles and explain them.
It's important to note that no single leadership style is always effective in all situations, and leaders may need to adapt their style based on the needs of their team or organization.
What is Leadership?
Leadership is the ability to inspire, motivate, and guide individuals or groups towards achieving a common goal or vision. It involves the ability to make strategic decisions, solve problems, and communicate effectively. A leader is someone who sets the direction, creates a vision, and inspires others to follow.
Autocratic leadership: In this style, the leader makes all decisions and controls all aspects of the team or organization.
Democratic leadership: In this style, the leader seeks input and feedback from team members and encourages participation and collaboration.
Transformational leadership: In this style, the leader inspires and motivates team members to work towards a shared vision or goal.
Servant leadership: In this style, the leader focuses on serving the needs of their team members and putting their needs and interests ahead of their own.
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What is the primary purpose of incident investigation?
A. To determine the direct and root causes of the incident
B. To disturb physical evidence
C. To find fault
D.To satisfy the insurance company
Describe how the language and the culture you grew up with, play a role in your communication styles?
1) Pick one lecture material (O2O, Product Placement
1.....) and briefly write your thoughts about that.
2) two-page length
Evaluation standards: logicality, expression, creativity
Product placement in movies strategically embeds branded products within film narratives to enhance brand visibility and influence consumer behavior, effectively leveraging the power of storytelling and audience connection.
Title: Product Placement in Movies: A Strategic Marketing Approach
Product placement in movies has emerged as a powerful marketing tool, strategically embedding branded products within film narratives to enhance brand visibility and influence consumer behavior. This lecture material delves into the significance of product placement, its impact on audience perception, and the key considerations for successful integration.
Product placement serves as a logical marketing approach, capitalizing on the power of storytelling and the emotional connection viewers have with films. It enables brands to reach a wide and captive audience, effectively integrating their products into the narrative context. By aligning with popular movies and influential characters, brands can enhance their brand image, increase brand recall, and potentially drive consumer purchase intentions.
The material expresses the nuances of product placement in an informative and engaging manner, highlighting the various strategies employed by marketers to ensure successful integration. It emphasizes the importance of seamless integration, avoiding overt commercialism, and maintaining authenticity to resonate with audiences.
Creatively, the lecture material explores the dynamic nature of product placement, showcasing innovative examples and case studies.
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Which two are benefits of equity funding? (Choose two)
1. Loan payments are predictable; they do not change with the fortunes of the business.
2. Can be used to raise working capital.
3. Investors do not get paid if the business does not make a profit.
4. Loan payments can be set up so they match seasonal sales of the business.
5. Investors have no say in the management or direction of the business.
The benefits of equity funding are it can be used to raise working capital.
Investors do not get paid if the business does not make a profit. Option 2 and option 3 are appropriate response.
What is equity funding?
The practice of raising money through the selling of shares is known as equity funding. Companies raise money to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.
A firm effectively sells ownership in their business when it sells equity shares in exchange for money. There are two methods of equity funding: the private placement of stock with investors and public stock offerings.
Equity funding is used when companies, have a short-term need for cash. It is used to raise working capital. It carries no repayment obligation, investors are only paid when the business is profitable.
Hence option 2 and option 3 are correct response.
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How does completing a Free Application for Federal Student Aid (FAFSA)
application assist in postsecondary education?
OA. The FAFSA determines the credit limits that a student or their
guardian can meet.
OB. The FAFSA identifies which trade schools are best suited to your
mechanical skills.
OC. The FAFSA identifies which colleges would match to your interest
inventory.
OD. The FAFSA guides students to financial aid packages for which
they qualify.
Option (d), The Free Application for Federal Student Aid (FAFSA) application assists students in finding the financial aid packages for which they are eligible in postsecondary education.
Who is qualified to fill out an FAFSA?The Free Application for Federal Student Aid is a vital resource for students looking for financial aid (FAFSA). In addition to requesting federal aid for higher education, students must file the FAFSA in order to be considered for awards from organizations, states, and private benefactors.
To be qualified to submit the FAFSA, a student must have financial need, be enrolled in a college or university's diploma or certificate program, be a U.S. citizen, or be an eligible noncitizen. A valid Social Security number, maintaining satisfactory academic progress, and receiving a high school diploma are only a few of the additional requirements for federal eligibility.
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t
ces
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
materials):
Selling expenses
Purchases of raw materials
Direct labor
Administrative expenses
Manufacturing overhead applied to work in process
Actual manufacturing overhead cost
Inventory balances at the beginning and end of the year were as follows:
Ending
$ 32,000
$ 27,000
?
Raw materials
Work in process
Finished goods
Beginning
$ 51,000
?
$ 39,000
$ 214,000
$ 265,000
?
$ 152,000
$ 369,000
$ 354,000
The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $745,000;
the unadjusted cost of goods sold totaled $663,000; and the net operating income was $31,000. The company's underapplied or
overapplied overhead is closed to Cost of Goods Sold.
Required:
Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income
statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.)
Answer:
what do u mean with the t ces??
Work in process, work in progress, goods in process, or in-process inventory refers to a company's partially finished goods waiting for completion and eventual sale, or the value of these items.
What is a Work in progress?A company's partially finished goods that are awaiting completion and ultimate sale are referred to as work in progress, goods in process, or even in inventory, or the worth of these items. WIP is a vital input for computing inventory on such a company's balance sheet and is utilized in supply chain management.
Production and supply-chain management terms for partially produced products that are awaiting finishing include "work-in-progress." Raw materials, labor, and overhead expenses expended on goods that are in various phases of manufacturing are referred to as WIP.
In British English, "work in progress" has always been favored. While work in progress is once again the preferred expression now, work in process was more common for a brief while in the 20th century in American English.
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Select all that apply On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.) Multiple select question. Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Revenue for $10. Interest Receivable for $5.
Answer:
Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Receivable for $5.
Explanation:
The journal entry to record the receipt of the payment is shown below:
Cash Dr $1,010
To Interest receivable $5 ($1,000 ×6% × 30 days ÷ 360 days)
To Interest revenue $5
To Note receivable $1,000
(being the receipts is recorded)
here cash is debited as it increased the assets and credited the interest receivable, interest revenue and note receivable as it increased the assets and revenue accounts
The Plucknette article suggests that there are considerable differences between being a leader and being a manager. Is it possible or desirable to be both? Chapter 2 of the Management textbook suggests that the four functions of management are planning, organizing, leading, and controlling. Provide one challenge posed by serving as a leader and one challenge posed by serving as a manager in each of these functions?
Yes, it is possible and desirable to be both a leader and a manager. In fact, many successful individuals embody both traits in their roles. However, it is important to understand the differences between the two and to balance them appropriately in order to be effective.
One challenge of serving as a leader in the planning function is ensuring that all team members feel heard and their input is considered. Leaders must be able to foster an environment of collaboration and open communication, while still keeping the team on track towards the established goals. One challenge of serving as a manager in the organizing function is balancing the workload and responsibilities among team members. Managers must ensure that each team member is contributing equally and effectively, while also addressing any issues that may arise. One challenge of serving as a leader in the leading function is maintaining motivation and morale among team members. Leaders must be able to inspire and encourage their team, while also holding them accountable for their performance. One challenge of serving as a manager in the controlling function is balancing the need for control with the need for flexibility. Managers must be able to adapt to changing circumstances, while still maintaining a level of control over the team and their work processes. Overall, it is important for individuals to understand and balance the traits of both a leader and a manager in order to be successful in their roles.
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true or false: true economic value (tev) is reduced when a customer is not aware of all the features or benefits that a product claims to offer.
true economic value (tev) is reduced when a customer is not aware of all the features or benefits that a product claims to offer," the correct answer is true.
True economic value (TEV) refers to the monetary value that is perceived by a customer in a product, service, or investment. It is determined by the customer's subjective assessment of the product's worth in relation to the price. The perception of the product's value is a combination of the objective attributes of the product, such as quality, durability, and features, and the subjective attributes, such as brand reputation and emotional associations.
When a customer is not aware of all the features or benefits that a product claims to offer, their perception of the product's value is reduced. This can negatively impact the true economic value (TEV) of the product. It is therefore important for companies to communicate effectively with their customers and ensure that they are aware of all the features and benefits that their products provide. This can help to increase the perceived value of the product and enhance the customer's overall experience.
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In business, it is important to establish your _____ from your first day on the job. multiple choice question.
In business, it is important to establish your credibility from your first day on the job
What is Business credibility?The quality of being trusted by a specific group of people is known as credibility. In terms of conversion rate optimization, business credibility is defined as the degree to which your target customers trust you. Customers' trust is ideally expressed through positive behavior toward your brand, with the end result being an increased conversion rate. We live in a time when everything is commercialized and everyone, especially corporations, wants to sell us something. As a result, human brains react to this scenario in a "passive-aggressive" manner - we consumers tend to distrust brands at first glance. Because, after all, we believe their goal is to make money.To know more about business credibility, refer to:
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Production is not complete Until goods
reaches the final Consumer Explain
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
A core belief is best described as
Core beliefs are solid convictions that a person has held through time and consistently that shape their worldview and sense of self.
What is a worldview example?The term "worldview" often relates to a perception of reality which offers a broad framework for how the world or the cosmos are put up. The worldviews of various belief systems, religions, ideologies, and even science itself might have different conceptions of the universe.
What is a contemporary worldview?prevailing worldviews. Modern thinkers place a strong emphasis on reason and science, and often challenge enforced beliefs from the past and (religious) traditions. They frequently question what they perceive to be orthodoxy or "group mentality" and are forceful. "Sapere aude" was the Enlightenment's catchphrase, according to the philosopher Kant.
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You are borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 5 years at 8. 6 percent interest. What is the amount of each payment?.
The amount of each payment of car borrowing = $366.05 monthly payment .
What's a monthly loan payment?Your monthly payment is what you pay to the lender each month to refund your loan. The quantum you compensate every month depends on the terms of your mortgage loan. This includes the star, which is the factual balance on the loan, and the interest on the loan.
Given :Purchase value of car = $17,800
Loan Period = 5 years
Annual Interest rate = 8.6%
Calculating Monthly Payment of the Loan:(Using Formula);
PV = C × {1-[1/(1+r)t]}/r
$17,800 = Monthly Payment × {1-[1 ÷(1+0.086/12)⁵ˣ¹²]} ÷ 0.086
$17,800 = Monthly Payment × {1-[1÷ (1.00716667)⁶⁰]} ÷ 0.00716667
$17,800 = Monthly Payment × {1-0.651507293} ÷ 0.00716667
$17,800 = Monthly Payment × [0.348492707 ÷ 0.00716667]
$17,800 = Monthly Payment × 48.6268667
Monthly Payment × $48.6268667 = $17,800
Monthly Payment = [$17,800 / $48.6268667]
Monthly Payment = $366.05
Interest payment :
Interest is payment from a borrower or deposit- taking fiscal institution to a lender or depositor of an quantum above prepayment of the top sum, at a particular rate. It's distinct from a figure which the borrower may pay the lender or some third party. Interest is defined as the quantum of plutocrat paid for the use of someone differently plutocrat. An illustration of interest is the$ 20 that was earned this time on your savings regard. An illustration of interest is the$ 2000 you paid in interest this time on your home loan.
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importance of entrepreneurship
Answer:
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
Tax Structure 1
Family
A
B
C
Income
$10,000
$50,000
$100,000
Tax amount
2,000
2,000
2,000
% of income paid as
tax
[a]
[b]
[C]
The percentage of income paid as tax for A is 20%.
The percentage of income paid as tax for B is 4%.
The percentage of income paid as tax for C is 2%.
What is tax?A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
The percentage of income paid as tax for A is:
= 2000/10000 × 100
= 20%.
The percentage of income paid as tax for B is 4%.
The percentage of income paid as tax for C is 2%.
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The Ohio State University location of McDonald’s uses 120 six-ounce paper cups per day. McDonald’s plans to be open 360 days per year. The cups cost $.10 per dozen; ordering costs are $5 per order; and carrying costs are 50 percent of the item cost (since space is at a premium). The Ohio State University location of McDonald’s uses 120 six-ounce paper cups per day. McDonald’s plans to be open 360 days per year. The cups cost $.10 per dozen; ordering costs are $5 per order; and carrying costs are 50 percent of the item cost.a. Find the Economic order quantity.b. Length of the order cycle.c. Total Cost
a. The Economic order quantity is approximately 4158.
b. Length of the order cycle is approximately 35 days.
c. The total cost is $156.79.
a) The Economic Order Quantity (EOQ)EOQ formula can be written as
EOQ = √[(2SD) / H]
where S = Ordering cost per order, D = Annual demand for the product, H = Holding cost per unit
Here, Given,
D = Annual demand = 120 x 360 = 43200 units
S = Ordering cost per order = $5H = Carrying cost = 50% of item cost = 50% of $0.10 per cup
= $0.05EOQ = √[(2SD) / H] = √[(2 x 5 x 43200) / 0.05] = √(17280000) = 4158.29 ≈ 4158.
Therefore, the Economic Order Quantity (EOQ) is approximately 4158.
b) The length of the order cycle is the time interval between two successive orders. Let us assume that the Ohio State University location of McDonald’s orders EOQ i.e., 4158 cups. Given, Annual demand (D) = 43200 units or 360 days of operation per year, therefore,
Daily demand = D / 360 = 43200 / 360 = 120 cups per day
Therefore,
Order cycle = EOQ / Daily demand = 4158 / 120 = 34.65 days.
Therefore, the length of the order cycle is approximately 35 days.
c) Total cost = Ordering cost + Carrying cost + Purchase cost
Ordering cost = (Annual demand / EOQ) x Ordering cost per order= (43200 / 4158) x $5= $51.8
Carrying cost = (EOQ / 2) x Carrying cost per unit= (4158 / 2) x $0.05= $103.95
Purchase cost = Cost per unit x Annual demand / EOQ= $0.10 x 43200 / 4158= $1.037
Total cost = Ordering cost + Carrying cost + Purchase cost= $51.8 + $103.95 + $1.037= $156.79
Therefore, the total cost is $156.79.
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When it is time for Margaret to provide performance appraisals, she organizes her subordinates in a list from best employee to worst employee. Which method does Margaret most likely use
Answer:
Ranking method
Explanation:
Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.
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Why are mutual funds considered a high-risk form of investment?
A. They rely on risky practices such as investing borrowed money.
B. They are owned and controlled by the federal government.
C. They cannot be withdrawn for at least 30 years after investment.
D. They involve buying stocks that have unpredictable value.
Mutual funds are considered a high-risk form of investment because they involve buying stocks that have unpredictable value. Therefore, (D) is the correct option.
What are Mutual Funds?A corporation that pools money from several investors and invests it in stocks, bonds, or other assets is known as a mutual fund.
They are considered highly risky because they deal with unpredictable stock.
Therefore, (D) is the correct option.
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